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Sonic R. System

  • #17,381
  • Feb 9, 2011 2:06am Feb 9, 2011 2:06am
Hi:

I've a pending sell stop on EU.

Yersterday EJ short still running. My feel is short for today.

Regards.
Attached Image (click to enlarge)
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"Being picky only cost your time - not MONEY"...Hans
  • #17,382
  • Feb 9, 2011 2:07am Feb 9, 2011 2:07am
Quoting traderathome
GU:

And from this viewpoint of GU, one might say that the PPMs have already been hard at work building their short positions. It is very easy to see the direction of the most substantial moves in recent days.
EURUSD and AUDUSD are coming down?We will see.
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  • #17,383
  • Feb 9, 2011 2:44am Feb 9, 2011 2:44am
Mayby Long on EU ?
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  • #17,384
  • Edited 3:05am Feb 9, 2011 2:53am | Edited 3:05am
Quoting nando_rich
Hi:

I've a pending sell stop on EU.

Yersterday EJ short still running. My feel is short for today.

Regards.

Hi Nando, i have a pending sell order at the 38% level also but,
Can you tell me why you have an retrace level of 79% did you add that manually?

noticed there was a pinbar at that level.
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  • #17,385
  • Feb 9, 2011 3:00am Feb 9, 2011 3:00am
Quoting noobguy
Hi Nando, i have a pending sell order at the 38% level also but,
Can you tell me why you have an retrace level of 79% did you add that manually?

noticed there was a pinbar at that level.
He is not sure EURUSD down!He is waiting.
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  • #17,386
  • Feb 9, 2011 3:03am Feb 9, 2011 3:03am
Quoting noobguy
Hi Nando, i have a pending sell order at the 38% level also but,
Can you tell me why you have an retrace level of 79% did you add that manually?

noticed there was a pinbar at that level.
I've add this level on fibo tool...(right click properties,etc)
"Being picky only cost your time - not MONEY"...Hans
  • #17,387
  • Feb 9, 2011 3:06am Feb 9, 2011 3:06am
Quoting nando_rich
I've add this level on fibo tool...(right click properties,etc)
oh ok thanks for the quick reply.
  • #17,388
  • Feb 9, 2011 3:13am Feb 9, 2011 3:13am
Looking at the H4 chart, we can see how the trend is changing to short by looking at the sequence of highs and lows. The PA could go up to 62% and then goes down or directly down. Be careful with the longs!!

WARNING SPECULATION!
Attached Image (click to enlarge)
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"Being picky only cost your time - not MONEY"...Hans
  • #17,389
  • Feb 9, 2011 3:22am Feb 9, 2011 3:22am
Quoting nando_rich
Looking at the H4 chart, we can see how the trend is changing to short by looking at the sequence of highs and lows. The PA could go up to 62% and then goes down or directly down. Be careful with the longs!!

WARNING SPECULATION!
The same here.
Attached Image (click to enlarge)
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"Being picky only cost your time - not MONEY"...Hans
  • #17,390
  • Feb 9, 2011 3:32am Feb 9, 2011 3:32am
The 24% is acting like support zone. Its time to wait or try longs, but the SonicR is a Counter Trend system so i'll wait.
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"Being picky only cost your time - not MONEY"...Hans
  • #17,391
  • Feb 9, 2011 4:01am Feb 9, 2011 4:01am
If the key level is broken I will take my loss.
Attached Image (click to enlarge)
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"Being picky only cost your time - not MONEY"...Hans
  • #17,392
  • Feb 9, 2011 4:36am Feb 9, 2011 4:36am
I dont plan to take any short FE unless i see a BO of 1.3508.
I have still a long bias @ H4.
H1 didnt retrace well for a long SL is large.
The only way to have a profit today is to stay away for me i guess.
Attached Image(s) (click to enlarge)
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  • #17,393
  • Edited 5:46am Feb 9, 2011 4:39am | Edited 5:46am
Quoting traderathome
UJ:

This dollar pair is just itching to be launched. Look at the reverse spike down on Friday, just before they made the 1st leg up! And look, they did it again, yesteday! The PPMs are obviously sandbagging for a run up higher. It is just a question of "when"....when do they have the launch scheduled? Later today?
UJ:

Inching up and consolidating some more. With a USD High Impact release upcoming in less than 4.5 hours, my guess is that an upside breakout is imminant and probably to coincide with the release. And for as long as this has lingered low, it would come as no surprise to see a run that takes out RgH.

I have been waiting for this since my 82.10 entry long a week and a half ago (post # 17181, pg. 1146), so it will make me very happy to see this give up a good run today.

Edit: STOP LOSS WARNING! Don't forget that last Friday the US session PPMs whipsawed the price down and back up before the run higher! And the whip down was almost 60 pips! I am sure a lot of SLs got hit on that price manipulation just before the run. So, if you intend to trade this.......well, personally I am not using a SL on it.
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  • #17,394
  • Feb 9, 2011 4:49am Feb 9, 2011 4:49am
Quoting nando_rich
Hi:

I've a pending sell stop on EU.

Yersterday EJ short still running. My feel is short for today.

Regards.
Ok...trade active.

we'll see.
Attached Image (click to enlarge)
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"Being picky only cost your time - not MONEY"...Hans
  • #17,395
  • Feb 9, 2011 4:57am Feb 9, 2011 4:57am
Quoting traderathome
Ha! I just love some of the analogies you make, Sonicdeejay!

Unless I miss my guess, AUDUSD may finally stop staggering and simply fall down! Well, that might be expecting too much, but some asian session PA/V has me on the alert for something later today.

Look at the very tight range consolidation on the downside of the Dragon, and the block of high trading that went with it. Keeping in mind that we've no idea how large some of those trades might be, I'd say that something is brewing. And we might see what it is later today. On the Daily...
AU:

Showing weakness now. The upcoming USD High Impact release could be the catalyst here, too.
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  • #17,396
  • Edited 5:32am Feb 9, 2011 5:07am | Edited 5:32am
Quoting traderathome
GU:

We see that UChf made a surprise late session extension run. Might other pairs do the same? This pair might be one to have on a watchlist. Good WAVE. Dragon angled down. PA below Trend. Only the time of day is off. For now, wait until the next London Open. But watch. Strange things may be brewing. This could fire up any time.....late US session, asian session.....who knows.
This trade has begun. I am in this trade short at 1.6061 since last week (post #17193, pg. 1147).
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  • #17,397
  • Feb 9, 2011 5:19am Feb 9, 2011 5:19am
Quoting nando_rich
The same here.
EJ:

Another way to draw the FR is shown, and you can see two pullbacks; the first to the 62% level and the second to the 50% level. It is weakening.
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  • #17,398
  • Feb 9, 2011 5:22am Feb 9, 2011 5:22am
Quoting traderathome
This trade has begun.
I'd take in account this convergence like target:

-FR 62% run up + FR -162% measuring the wave + RgL + Half number + past control zone.

Just my opinion.
Attached Image (click to enlarge)
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"Being picky only cost your time - not MONEY"...Hans
  • #17,399
  • Feb 9, 2011 5:36am Feb 9, 2011 5:36am
Quoting nando_rich
I'd take in account this convergence like target:

-FR 62% run up + FR -162% measuring the wave + RgL + Half number + past control zone.

Just my opinion.
Excellent work and analysis, Nando_rich! You're the MAN!

BTW Sonicers, I posted a STOP LOSS WARNING on the UJ trade posted above. Please go back and review it.
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  • #17,400
  • Edited 8:06am Feb 9, 2011 7:53am | Edited 8:06am
Comment on Market:

Market is pretty much at a stand-still until the 10 AM EST Bernanke event. Meanwhile, the US session PPMs have moved prices in an anit-dollar direction, giving them even more profit should they instigate "dollar strength" drives coincident with the Bernanke event. But even these pre-event anit-dollar moves do not negate the possbility of additional whipsawing in the same anit-dollar direction just prior to any pro-dollar drive. Again, remember that last Friday the US session PPMs did this to the tune of an almost 60 pips anit-dollar UJ move before they initiated the pro-dollar real drive. So, if today strong pro-dollar drives are impending, taking out stop losses might become an order of business of the PPMs, as part of the pro-dollar drives. And they might execute whipsaws before any drive, or after the drives have begun.
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