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Sonic R. System

  • #16,581
  • Jan 10, 2011 8:36am Jan 10, 2011 8:36am
Quoting nando_rich
Order tiggered.
This is the best WAVE so far today. Just goes to show the value of waiting to see if a WAVE and setup will occur during the best hours.

The PPMs did, after all, take the price down. Since they took it down to the whole number to consolidate (grab for) long positions, there can be no doubt this will run 100-150 pips north, and maybe more (in 50 pip increments) if this run spans more than one day.
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  • #16,582
  • Jan 10, 2011 9:05am Jan 10, 2011 9:05am
EJ Long.

PA hit SL. -35
Bad starting week.
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  • #16,583
  • Jan 10, 2011 9:20am Jan 10, 2011 9:20am
Same here on same setup. Happens sometimes.
Therefore we have SL in place. In case our assumptions turn out to be wrong.


Quoting dksolo
EJ Long.

PA hit SL. -35
Bad starting week.
  • #16,584
  • Jan 10, 2011 9:27am Jan 10, 2011 9:27am
US PPMs and JPY Pairs:

The US PPMs have pulled the rug out from under JPY pairs. It is a bank holiday in Japan! So, this smacks of a takedown for better positioning for building longs. Even the next releases concerning JPY are not until tomorrow, and they are low impact releases. So, there really is no valid reasoning for such sudden price manipulation, other than greed.

Tomorrow we could see valid SonicR long setups in these pairs.
  • #16,585
  • Jan 10, 2011 9:29am Jan 10, 2011 9:29am
hi Sonicers, could someone tell me, why my LONG trade hit SL?
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Lose small, WIN BIG..
  • #16,586
  • Jan 10, 2011 9:36am Jan 10, 2011 9:36am
EU:

A SonicR long setup.
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  • #16,587
  • Jan 10, 2011 9:40am Jan 10, 2011 9:40am
Thanks for the background. Makes total sense to me.

Quoting traderathome
US PPMs and JPY Pairs:

The US PPMs have pulled the rug out from under JPY pairs. It is a bank holiday in Japan! So, this smacks of a takedown for better positioning for building longs. Even the next releases concerning JPY are not until tomorrow, and they are low impact releases. So, there really is no valid reasoning for such sudden price manipulation, other than greed.

Tomorrow we could see valid SonicR long setups in these pairs.
  • #16,588
  • Jan 10, 2011 9:51am Jan 10, 2011 9:51am
EU:

Here is a very clear picture of what has been happening. The asian PPMs hammered it.....and bought. The London PPMs hammered it......and bought. And the US PPMs hammered it......and bought!
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  • #16,589
  • Jan 10, 2011 9:55am Jan 10, 2011 9:55am
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Hello,

This is how I took the trade. I think that my SL is a little bit too high but for such a low TP i was thinking it would be better. Is it a mistake ?

Also the EP is a little bit higher than normal , but that only because I came late in front of PC and because I thought it's better to watch the second candle if it will penetrate the 1.29500. It didn't so I placed my EP above it. Did I think right ?
  • #16,590
  • Jan 10, 2011 10:20am Jan 10, 2011 10:20am
Quoting fahren
Attachment

Hello,

This is how I took the trade. I think that my SL is a little bit too high but for such a low TP i was thinking it would be better. Is it a mistake ?

Also the EP is a little bit higher than normal , but that only because I came late in front of PC and because I thought it's better to watch the second candle if it will penetrate the 1.29500. It didn't so I placed my EP above it. Did I think right ?
If the US PPMs have already made their "Torpedo and Buy" price manipulation, then your SL should be ok. As far as the EP being too high, Basber might be pleased with you for selecting an EP that assures PA has tackled previous significant highs, and is proceeding upwards. There can still be pullbacks, but re-achieving previous highs and making more progress upwards is very bullish. It is the kind of thing Basber does wait for. Subsequent pullbacks are then just part of the 'game'.
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  • #16,591
  • Jan 10, 2011 10:42am Jan 10, 2011 10:42am
Thanks for feedback TAH.
  • #16,592
  • Jan 10, 2011 10:59am Jan 10, 2011 10:59am
Quoting Pmg.g
hi Sonicers, could someone tell me, why my LONG trade hit SL?
Setting the SL can be a real pain! One thing is certain, because we have witnessed it time and again, and that is the PPMs can suddenly spike the price to gain advantage for their own buying or selling. In this case, PA was definately ranging, and you unfortunately put the SL within the range. So, when the PPMs spiked the price towards the bottom of the range to take on some cheap long positions, your SL was reached.

We should all keep two things in mind. If the trade is going to be good, then we should expect the PPMs to spike the price for themselves before they allow the trade to proceed. Which gets us to the second thing. Anticipate where the spike might be to, and put your SL beyond it.

If you use a SL, and place it tight while ignoring the probability of the price being spiked by the PPMs, you might just as well not even enter until AFTER you see the spike.
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  • #16,593
  • Jan 10, 2011 11:04am Jan 10, 2011 11:04am
GU:

There she goes! This could end up being a mulit-day trade.
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  • #16,594
  • Jan 10, 2011 11:30am Jan 10, 2011 11:30am
Quoting nando_rich
Order tiggered.
Hi:

TP reached arround the Whole number.

Profit: +62pips.

My EU trade running yet.

Regards.
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"Being picky only cost your time - not MONEY"...Hans
  • #16,595
  • Jan 10, 2011 11:35am Jan 10, 2011 11:35am
EU & Setting Targets:

I would encourage everyone to set up a plain, simple chart such as the one in the picture attached. It should have whole number levels on it, and the London open-close vLines. We know that PA moves between whole numbers (100 pip moves), or between whole and half numbers (150 pip moves). This is a generalization, of course, but it holds up under scrutiny of the charts.

The idea of the plain, simple chart is to clear away all that "stuff" that hides from us just where the price is next headed. In this example, the PPMs loaded up long while keeping the price in a consolidation range. Now they expect to make some profits. So, we should expect that they will pump the price so that they make at least 100 pips, or more. The picture says they could be going for 200 pips.

Not sure? Then take half off when the next whole number is reached, and let half ride with a SL moved up to protect some profit on it.
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  • #16,596
  • Jan 10, 2011 11:42am Jan 10, 2011 11:42am
Quoting traderathome
Setting the SL can be a real pain! One thing is certain, because we have witnessed it time and again, and that is the PPMs can suddenly spike the price to gain advantage for their own buying or selling. In this case, PA was definately ranging, and you unfortunately put the SL within the range. So, when the PPMs spiked the price towards the bottom of the range to take on some cheap long positions, your SL was reached.

We should all keep two things in mind. If the trade is going to be good, then we should expect the PPMs to spike the price for themselves...
thx a lot
Lose small, WIN BIG..
  • #16,597
  • Jan 10, 2011 11:46am Jan 10, 2011 11:46am
Quoting nando_rich
Hi:

TP reached arround the Whole number.

Profit: +62pips.

My EU trade running yet.

Regards.
It is always good to protect profits. But because this looks like it could go much higher, I am leaving the trade running for now.
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  • #16,598
  • Jan 10, 2011 12:33pm Jan 10, 2011 12:33pm
GU Long.

I missed the trade. I place a pending FE supported also by dragon.
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  • #16,599
  • Jan 10, 2011 1:33pm Jan 10, 2011 1:33pm
Just closed a +40 pips trade in AU.

see below the nice setup.

I took profit just a little below trading range.
Maybe this one shouts higher but I wanted to secure profit due to loss in UJ and EJ earlier this day.
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  • #16,600
  • Jan 10, 2011 2:51pm Jan 10, 2011 2:51pm
Quoting traderathome
Setting the SL can be a real pain! One thing is certain, because we have witnessed it time and again, and that is the PPMs can suddenly spike the price to gain advantage for their own buying or selling. In this case, PA was definately ranging, and you unfortunately put the SL within the range. So, when the PPMs spiked the price towards the bottom of the range to take on some cheap long positions, your SL was reached.

We should all keep two things in mind. If the trade is going to be good, then we should expect the PPMs to spike the price for themselves...
Please, what did you mean by "PPMs" ?
Lose small, WIN BIG..
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