Sonic R. System

;ets come back to the topic

can somebody say was that valid sonic longg setup?

UCad:

As the world watched reports on the quakes and tsunami, some PPMs decided to be opportunistic on this pair. I have been adding as they have been dropping the price. There is no rhyme or reason for this drop, other than that the PPMs are capable of doing it, and have apparently chosen to do so while forex trading dropped off due to the castastrophe. This shows us how greedy and self-centered they are at their hearts. So, I hope this year lots of Sonikers take lots of money from them.

left this trade to early way before TP as was affraid about volatility during late friday evening...

Bias: Slightly Bullish
Next stop: 1.40xx, 1.42xx level
Resistance: 1.375x, 1.346x level

We had 4 consecutive down days (1day doji) and it was Friday that almost whip out all the shorts...

I believe 1.400x level might be revisited.. before it decides for the next cause.

But given the event occured in Japan, it may gapped down on Monday..

Trade
Sonic

Master sonic,can you elaborate more on why it might gap down tomorrow?

thanks

It opened @ 39.40 currently. I would call it a GAP up

Gapped Up.. I was wrong
slightly bullishness continues..

Sonic

http://2.bp.blogspot.com/-u_o5KvdlVD....45-778813.gif

great master sonic

enigma4x

UChf:

This is a SonicR long setup. I am already in at EP average of 0.9304 from Friday. For the time being, RgH is my TP1.

EU:

This could go short now that the PPMs have (once again!) pumped it on contrivance. However, the Trend is converging with the lower whole number, which might be a support area that will be tested before PA breaks down thru it.

EJ:

This is an awkward short setup, because the first candle out of the Dragon ends 31 pips below the Dragon, which is too far to justify going after the trade now. However, should PA pull back up to the whole number, that would be a good entry, imho.....anywhere from just below the whole number up to the Trend.

GU:

This is a SonicR short setup. PA is currently pumped back above the EP zone....nothing wrong with that, and probably hints the PPMs are loading up on shorts. But it might be best to wait and be sure that the pump does not break the WAVE pattern. If it does, this could turn north.

I'd stay away from all xxxJPY pairs for a while as it is absolutely unpredictible now due to BOJ actions and so on

Got USDCHF long at 0.9303, but affraid of its stop out

General Trading Comment:

Today we can see something consistent in such pairs as EJ, EU, GU, UChf, etc. It is that at the London open, PA continued briefly the trend started in the asian session. But then PA was more radically whipped back somewhat. Why?

When retail traders see PA continuing a trend at the London open, they are more confident of trading that direction, and might enter thinking to do so before price is moved too much by the London PPMs. And to coax retail traders into making an entry might be why the London PPMs do briefly continue that trend. But then they suddenly whip the price in the reversed direction. Why?

Now that retail traders may have been coaxed into an entry, they might also have placed a SL on that trade. The PPMs then whip the price in reverse to hit those stops and remove those traders from their new positions. Essentially the PPMs take over those positions. Also of course, the reversal of price makes for more favorable ongoing position accumulation by the PPMs for a later move back in the original trend direction.

When trading SonicR, the London open and following is a good time to mind your SLs on any open trade. They can be hit by the PPMs as mentioned, and later the orginal trade runs.

An example of this is GU (chart attached). You can see the increasing volume as price dropped thru the Frankfurt open to the London open, which would encourage retail traders that the price drop is getting a lot of agreement and participation. Many would enter before price dropped too much further. However, after the price pegged some lows, suddenly it reverses after the London session has been underway a short while. The PPMs manipulated the price back up from below the half number to just above the upper whole number, on increasing volume as they hit stops (took those positions for themselves) and added other short postions once the price was pumped to attractive highs. It is easy to see that the highest volume is at the highs, well into the pump. This is shorting activity. Why? Because later the price will resume the original trend......down. Well, that remains to be seen, so lets wait and see what happens.

And as far as "news" goes, all this is happening in a "news" vacuum. So, there is no rhyme or reason for a sudden reversal move up, other than the fact that PPMs have the money to make the prices go up, and a trading strategy that will eventually make that whip profitable and all their subsequent trading at the highs profitable.

For noobs on FX / trading:
Those "psycho games" are an essential part of the game.
And you need to be aware of it that it is about hunting and chasing.
PPMs are anticipating what is in the mind of majority of retail traders + accordingly act AGAINST it.

So thank you TAH for pointing this out once more.

UCad:

Look for a possible SonicR long setup on this one sometime later, based on price bouncing twice now off of previous resistance turned support (bold blue line).

UChf:

As with UCad (above) look for a possible new SonicR long setup later, based on the multiple bounces up off of a previous resistance area now turned into support (bold blue line).

that is my usdchf observation ...



by the way, for everybody how is interested in

my first release of the candlevolume indicator your will find it here:

http://www.forexfactory.com/showthread.php?t=284361

and the template for sonic r is here:





cheers

enigma4x

Thanks!!!

Would it be possible that instead of changing the type of candle replace only the candle color?