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Sonic R. System

  • #17,601
  • Feb 16, 2011 8:34am Feb 16, 2011 8:34am
Quoting traderathome
Ok, pivot levels using Daily formula....understand now. This is a case where if you posted a clearly annotated chart picture, it would be worth a thousand words.....

....well, maybe not worth that much, but it would certainly make your post more valuable.....now, and for readers in the future. As it is, it is just words that are practically meaningless without an annotated chart to show exactly what you are referring to.

apologies, will post chart next time
  • #17,602
  • Feb 16, 2011 8:41am Feb 16, 2011 8:41am
Something def. going on at USD/CAD:
Look at the volume spikes within the last hours!
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  • #17,603
  • Feb 16, 2011 8:47am Feb 16, 2011 8:47am
UCad:

"Boring!" is my sentiment on this one. And the question is, "What to do while waiting for the PPMs to start driving this thru the roof?"

Ok, just playing around now......

.....I switched the Dragon from 34ema to 89ema. I switched the Trend from 89ema to 200sma. And something interesting comes to view.

The Dragon appears almost asleep (Not on your life!). And the Trend has come down for a bounce, rose and is angled ever so slightly down....as though ready for another bounce up. Now, a double bounce on the 200 sma could be quite foretelling of a good run up.

Anyway, as though all that above was not enough to quench the boredom, I see multiple drives up/consolidation just loaded with volume. Yet the price goes nowhere! Just another sign that when the PPMs finally let this go, it should soar! I guess that will happen when even the blindest of traders gets on the right page and refuses to go short. When the PPMs can't coax any more people into shorts, they will not be able to get any more long orders filled (except by running stops). Once that happens, they might as well start their drive up quickly to trap those that are short before they wise up and close out.

WARNING: Speculation.
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  • #17,604
  • Edited 9:40am Feb 16, 2011 9:26am | Edited 9:40am
General Market Comment:

Regarding USD pairs, the next USD release is a High Impact release, and comes in a little over 3.5 hours from now. USD pairs seem to be taking "time out", which may be forced consolidation by the PPMs.....they need to get rid of wrong side positions remaining and get all right side positions, now that the earlier USD High Impact release and subsequent PA has pointed out the direction for the near term future.

Edit: Personally, just for fun, I have placed another buy order on UCad just below the half number......just in case the price gets spiked down hard on a SL hunt sometime today! The SL on my trade is "Off" for the time being.

WARNING: Speculation.
  • #17,605
  • Feb 16, 2011 9:55am Feb 16, 2011 9:55am
Update Comments on Trades:

I know you all don't really care, but I am bored, so here it goes.

Having closed out my GU short trade, I am still in three trades, the most recent of which is UCad long. The other two are EJ short and EU short, both of which have been "wrong side" trades for quite some time now. Fortunately, EU is now profitable. But I am holding on to it.....waiting for the PPMs to open the trap door in the floor and toss this into the basement!

Meanwhile, EJ is still at a loss.....a pretty good loss, too. Since I closed GU for nice profit, I am thinking to venture another short addition to EJ if the PPMs spike the price up again, high enough for any addition to make a meaningfull difference in the EP average. If they get it up to the 113.40-113.50 area, I might add to my short.

Also, as mentioned above, I have a "fun time" buy order sitting below the half number on UCad.....just in case sometime today the PPMs get frisky with their price manipulations and spike it down to .......run stops/liquidate the trades of others/create market liquidity/get their own long orders filled at low prices.
  • #17,606
  • Edited 11:02am Feb 16, 2011 10:35am | Edited 11:02am
Quoting traderathome
EJ:

I made another non-SonicR addition to my short trade on this pair at 113.35 and now my average EP is 111.65. Having closed two other trades in the last 24 hours at profit, I have additional wiggle room without strssing margins. If the PPMs manage the upper half number and then the upper whole number, I might add there too.
EJ:

Added here to short trade, making new EP average = 111.83. And I still have another sell order sitting a bit higher up.....just in case.

Edit: I pulled out the stops and added twice more. All three adds are shown in the additional 2nd pic. My EP average is now of 112.11......within reach if we get a decent move down this week.
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  • #17,607
  • Feb 16, 2011 11:19am Feb 16, 2011 11:19am
EJ:

Last add, maybe forever! I placed even higher order and did not really expect anything would come of it. Anyway, EP average is now 112.22 and this is well within reach of any normal PA swing action. I don't want to say that the bottom of this will fall out, but PA today has looked very much "contrived" towards the high side. Now I will just wait and see what the rest of the week brings.
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  • #17,608
  • Edited 11:45am Feb 16, 2011 11:27am | Edited 11:45am
UJ:

Cardinale, this didn't go very far, did it (rhetorical question). And now we face three USD High Impact releases, starting in about 1.5 hours and running on into tomorrow! And, can you guess? Yes, the price is being pulled right back down again beforehand! And all the while that PA is being bounced up and down in a 50 pip range, the volume is being poured into it!

I don't want to be speculative () but I cannot help but feel there is sandbagging going on for "pro-dollar" .....

.....HUGE.....

......moves coming soon to USD pairs. But with so many releases, it is impossible to know when the moves will be initiated. The London session is the most highly traded part of the day, and today it looks very much like PPMs on both sides of the pond worked in concert to see that USD pairs finished the session with "anit-dollar" runs. They have closed the session by resetting prices for more acquistions of "pro-dollar" positions tomorrow. Now, the flies in the ointment are the asian session PPMs tomorrow. Will they casually eat at the trough and not rock the boat, or will they get greedy and start the "free for all". Tomorrow could turn out to be an interesting day for USD pairs....starting right off with the asian session, if those PPMs get aggressive.
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  • #17,609
  • Edited 11:49am Feb 16, 2011 11:36am | Edited 11:49am
TAH !!!
cek on M30 MACD !!! EJ & EU !!
Could it Possibly Wrong ??

sorry i'm too hot headed.. nando has post on EJ

Quoting nando_rich
Ok...I know i said done today....but I'm going to try this one if the PA does a LL.

It's a lower risk trade. 29pips sl.

We'll see.
SonY, Gold Is Every Where Gold, but Human Not Gold..
  • #17,610
  • Edited 12:09pm Feb 16, 2011 11:59am | Edited 12:09pm
Quoting noer1962
TAH !!!
cek on M30 MACD !!! EJ & EU !!
Could it Possibly Wrong ??

sorry i'm too hot headed.. nando has post on EJ
You did not make yourself clear as to what point you were trying to make. As I see the charts, there is divergence (or potential divergence in the case of EU), and a lot of volume has been pouring into the pairs while the overall PA is in an upwards drift. Since it is hard to imagine all those professional traders, backed by limitless funds buying ever more as the price drifts upwards, I can only think they are sandbagging for strong "pro-dollar" moves yet to come. If they were buying, they would have torpedoed the prices a few hundred pips or so, before starting to pour on the volume. And I think the swings in prices are the PPMs trying to coax traders into going long to create market liquidity for the PPM's short orders to be filled. If the US dollar is due for a "comeback", the ramifications are tremendous. Huge profits are to be made by anyone getting in at the "anti-dollar" price extremes. This is where the PPMs want to add positions. But to do so, they have to create the illusion that everything is proceeding in a "weak dollar" direction, in order to trick traders into long positions at those price extremes.

This is my take on it all. BTW, on the M30 charts there are some pretty long upper shadows on the most recent candles.......

WARNING: Speculation.
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  • #17,611
  • Feb 16, 2011 12:06pm Feb 16, 2011 12:06pm
Quoting noer1962
TAH !!!
cek on M30 MACD !!! EJ & EU !!
Could it Possibly Wrong ??

every prof trader have min 2 szenario ...

Iīm shure TAH use an good mm...

the hitrate isnīt important in my opinion.

the trick is to see both szenarios (short/long)

an psycho thing ... (70%) of trading u know

What did you see??? Old , young or both ladys ...

Attached Image


same in trading ...

enigma4x
enjoy my life ... and ride the waves - all what I do
  • #17,612
  • Edited 12:33pm Feb 16, 2011 12:16pm | Edited 12:33pm
Quoting enigma4x
every prof trader have min 2 szenario ...

Iīm shure TAH use an good mm...

the hitrate isnīt important in my opinion.

the trick is to see both szenarios (short/long)

an psycho thing ... (70%) of trading u know

What did you see??? Old , young or both ladys ...

Attachment

same in trading ...

enigma4x
If there is anything but an old lady in that picture, you'd better point her out! Yeah, she has her face turned away to her right. But, I really think it is the Wizard of Oz's friendly lion dressed in female garb and stuffing a lady's black hat into this mouth!
  • #17,613
  • Edited 4:18pm Feb 16, 2011 1:08pm | Edited 4:18pm
I see only one. I am not sure if she is old or young but definitely ugly and i am afraid of knowing what this psychologically means.
  • #17,614
  • Feb 16, 2011 1:16pm Feb 16, 2011 1:16pm
Quoting dksolo
I see only one. I am not sure if she is old or young but definitely ugly and i am afraid of knowing what this psychologically means.
It means you are not at all suited to enduring the mental frustration and constant state of paranoia necessary to be a top notch forex trader.
(Clue: The entire nose is the left side of the young lady's face. She has her face turned away from us, and to her right. You can just see the tip of her nose and left eyelash over the bridge of the nose of the old lady.)
  • #17,615
  • Feb 16, 2011 2:57pm Feb 16, 2011 2:57pm
Quoting traderathome
General Market Comment:

Regarding USD pairs, the next USD release is a High Impact release, and comes in a little over 3.5 hours from now. USD pairs seem to be taking "time out", which may be forced consolidation by the PPMs.....they need to get rid of wrong side positions remaining and get all right side positions, now that the earlier USD High Impact release and subsequent PA has pointed out the direction for the near term future.

Edit: Personally, just for fun, I have placed another buy order on UCad just below the half number......just...
UCad:

My buy order below the half number executed. The new EP average is 0.9865 per attached.
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  • #17,616
  • Feb 16, 2011 3:14pm Feb 16, 2011 3:14pm
Market Comment:

In the late US session hours, PPMs continue to keep "anti-dollar" pressure on major USD pairs. I am sure tomorrow will be a very interesting day. The big question is whether or not the USD High Impact releases tomorrow will be the catalyst for blowout reversal/"pro-dollar" runs.
  • #17,617
  • Edited 4:13pm Feb 16, 2011 3:56pm | Edited 4:13pm
Quoting noer1962
TAH !!!
cek on M30 MACD !!! EJ & EU !!
Could it Possibly Wrong ??

sorry i'm too hot headed.. nando has post on EJ
My order was stopped out....The divergence seems pretty...I could try short tomorry if the PA allows it.
"Being picky only cost your time - not MONEY"...Hans
  • #17,618
  • Feb 16, 2011 6:22pm Feb 16, 2011 6:22pm
Market Comment With EU Example:

It seems for some days now dollar pairs have done a lot of foot work, but traveled nowhere. And it seems that before each USD High Impact release, PA went "anti-dollar' beforehand. PA has been acting like a sprinter.....shifting its weight back before each release, as if to get extra "spring" off the starting block at the pop of the gun. But with each past pop of the gun, PA just shook out its legs until the next release was near, and then went back into its crouch.....waiting for the next pop.

Ok, with all the "anti-dollar" crouches before each past pop of the gun, one gets suspicious that these crouches are for good reason.....extra spring off for an extra good run. Translation: Big Money manipulates prices in the "anti-dollar" direction to get the trading started in that direction....to create market liquidity of the kind necessary for Big Money to get its' "pro-dollar" orders filled!

Now look at the EU Weekly chart. PA is in a down trend. PA has been in a down trend since well before all the global financial woes brought on by the "Thieves of Wall Street". But right now, PA is at a significant S&R area. In the past few months, PA has fallen from the upper TL down thru this S&R area, come back up thru it, and is now back down to it.

This S&R area is significant because if price does not fall thru it, the upper TL is not that far above. And the euro is just too weak and burdened to break out of this channel, so it will just come right back down to this S&R area again.....soon. There is a lot more trade potential in having PA fall thru this S&R area....A LOT MORE TRADE POTENTIAL! The lower TL is thousands of pips away!

Big Money is not stupid money. Instead of struggling to make money on "anti-dollar" upside moves with the realistic ceiling coming lower and lower, they have practically an "open field of play" by switching to a "pro-dollar" strategy. And maybe a lot of the reason for upswings in recent weeks/months has been to pawn off their longs and build their short positions.

Any new USD High Impact release, or set of releases could be pop of the gun that begins the real run. We have some later today.
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  • #17,619
  • Edited 7:02pm Feb 16, 2011 6:51pm | Edited 7:02pm
EJ and EU:

The PV study on this EJ M15 chart speaks volumes!......(yes, a pun!)

The previous time price has been up in this area was weeks ago. And this is the first time since then that asian session traders have seen the price so high. So, ask yourself, why would the asian session traders suddenly start trading so heavily when the price is at such a high......?

Did they just begin buying, or selling? ......another piece of the puzzle falls into place!
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  • #17,620
  • Feb 16, 2011 8:56pm Feb 16, 2011 8:56pm
If the week ends this way, I gonna tilt my bias to long.
EU is on way to make W1 TF bullish candle..
We have to see what tomorrow brings!!


Sonic
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