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Sonic R. System

  • #18,861
  • Mar 30, 2011 2:43pm Mar 30, 2011 2:43pm
Quoting traderathome
Yes:

BBs = Big Boys (Sonic likes to use this term.....only 3 letters to type)
PPMs = Professional Price Manipulators (synonymous with BBs)
CCBs = Conniving Central Banks, or
CBBs = Central Bank Bastards

....as you can see, the more descriptive, the more letters required!

gezzz...I need to write this down....
  • #18,862
  • Edited 5:47pm Mar 30, 2011 5:26pm | Edited 5:47pm
Quoting traderathome
Tilt, you just reminded me of something. Another benefit to the BBs in orchestrating such a drive up, is that short traders w/o SLs, or with higher SLs, might get worried. So, if the BBs keep the minimal buying and selling going to support the price, as you said, other short traders might capitulate and close their trades. And with the BBs maintaining upwards support of the price, the BBs will be adding to their short positions at higher and higher prices as more short traders give up. It is quite a strategy for the BBs to use to accumulate shorts...

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enigma4x

ps. ask me - I will answer
enjoy my life ... and ride the waves - all what I do
  • #18,863
  • Mar 31, 2011 12:59am Mar 31, 2011 12:59am
Quoting enigma4x
Attachment

enigma4x

ps. ask me - I will answer
On one hand, I see a supporting FR level. It is the FR 100% extension level in the Daily Pic with the FR study drawn from low to high on first run up thru Dragon.

On the other hand, I see reason to doubt PA will progress upwards that far. The Monthly chart shows dual downward sloping TLs matching PA peaks. And the current candle has already hit the lower of those two TLs. Furthermore, PA is now at the lower of two major reistance levels, retesting it for the third time after falling down thru both of them. The two prior failures, the upper TLs and the general PA pattern of lower HLs on the Monthly are very bearish.

Well, so much for both hands. Now, what about local PA yesterday and today (M15). The BBs seem to be in a rush to pump prices now that we are closing in on Friday's NFP release. They are like maniacs, pumping before it is too late!

So, overall, I remain bearish on EU.
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  • #18,864
  • Mar 31, 2011 1:40am Mar 31, 2011 1:40am
Sonic might be interested in this chart's volume analysis. After the price was pumped for the second time in the asian session, it shows a candle that represents both a volume climax up and a high volume churn. What this means is that while upwards pressure was applied to the price, there was high trading/high profit taking!
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  • #18,865
  • Mar 31, 2011 3:42am Mar 31, 2011 3:42am
Today it is pretty hard to find valid setups.

My favorit atm:
I am watching UCad for a break out of channel + confirmation through wave.
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  • #18,866
  • Mar 31, 2011 3:45am Mar 31, 2011 3:45am
Will the EP, SL and TP lines occur in the chart?
  • #18,867
  • Mar 31, 2011 5:54am Mar 31, 2011 5:54am
Quoting traderiva
Will the EP, SL and TP lines occur in the chart?
Nope. You use the flexible MT4 line drawing and text tools to make these additions to your chart.
  • #18,868
  • Mar 31, 2011 6:05am Mar 31, 2011 6:05am
I'm going to try this Reentry trade...just half of my usually lot size...

we'll see.


edit: now in the game.
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"Being picky only cost your time - not MONEY"...Hans
  • #18,869
  • Mar 31, 2011 6:09am Mar 31, 2011 6:09am
UCad:

PA just put in what might end up being a double bottom. There is a CAD release in less than 1.5 hours. Time for BBs to take advantage of low prices. This might move up later.
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  • #18,870
  • Mar 31, 2011 6:09am Mar 31, 2011 6:09am
Quoting traderathome
Sonic might be interested in this chart's volume analysis. After the price was pumped for the second time in the asian session, it shows a candle that represents both a volume climax up and a high volume churn. What this means is that while upwards pressure was applied to the price, there was high trading/high profit taking!

EU has a big barrier at 1.406x region..
I agree with you that price pump to fast, but I do not have any short..

I will enter a trade if price action agree me so. That be nice Vol to boost as well.

Sonic
  • #18,871
  • Mar 31, 2011 6:23am Mar 31, 2011 6:23am
Quoting sonicdeejay
EU has a big barrier at 1.406x region..
I agree with you that price pump to fast, but I do not have any short..

I will enter a trade if price action agree me so. That be nice Vol to boost as well.

Sonic

enigma4x
enjoy my life ... and ride the waves - all what I do
  • #18,872
  • Mar 31, 2011 6:32am Mar 31, 2011 6:32am
Quoting nando_rich
I'm going to try this Reentry trade...just half of my usually lot size...

we'll see.


edit: now in the game.
u should wait for clear sonic r setups.

u will trade what u think not what you see - just my opinion. beware

sonic r - sonic retest - only my understanding

- you will trade -

sonic b - sonic break - it isnīt tested from our masters

enigma4x

p.s may it works for you - I hope it
enjoy my life ... and ride the waves - all what I do
  • #18,873
  • Mar 31, 2011 6:40am Mar 31, 2011 6:40am
Quoting enigma4x
u should wait for clear sonic r setups.

u will trade what u think not what you see - just my opinion. beware

sonic r - sonic retest - only my understanding

- you will trade -

sonic b - sonic break - it isnīt tested from our masters

enigma4x

p.s may it works for you - I hope it
It's a re-entry trade by the sonic rules...The wave is down, below dragon and trend line...the PA did a doble top...why do you think it isn't a legitim setup??...the dragon was broken down with volume (effort) and i waitted for a engulf candle that confirm the reentry setup.

It maybe a pull back and trend up continuation or maybe a reversal market...let the market decide.

About the masters...TAH is shorting the GU since yesterday.

Anyway i entered with a very little lot size (half) so it's a low risk trade for me...i'll move the sl hard down if the trade goes in my favor as Sonic recomend in the CT Trades.

Regards.
"Being picky only cost your time - not MONEY"...Hans
  • #18,874
  • Mar 31, 2011 6:53am Mar 31, 2011 6:53am
Quoting nando_rich
It's a re-entry trade by the sonic rules...The wave is down, below dragon and trend line...the PA did a doble top...why do you think it isn't a legitim setup??...the dragon was broken down with volume (effort) and i waitted for a engulf candle that confirm the reentry setup.

It maybe a pull back and trend up continuation or maybe a reversal market...let the market decide.

About the masters...TAH is shorting the GU since yesterday.

Anyway i entered with a very little lot size (half) so it's a low risk trade for me...i'll move the sl hard down...
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my point of view - may Iīm wrong - just me - enigma4x
enjoy my life ... and ride the waves - all what I do
  • #18,875
  • Edited 7:09am Mar 31, 2011 6:57am | Edited 7:09am
Quoting enigma4x
Attachment

my point of view - may Iīm wrong - just me - enigma4x
Ok i see your point ... it's interesting idea, then i could add if the PA pullback to your zone indicated with vol and nice PA...33min for Unemployment Claims...let the market decide.

Anyway here my point in the chart.

Best regards.
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"Being picky only cost your time - not MONEY"...Hans
  • #18,876
  • Edited 7:16am Mar 31, 2011 7:01am | Edited 7:16am
Quoting nando_rich
Ok i see your point ... it's interesting idea, then i could add if the PA pullback to your zone indicated with vol and nice PA...33min for Unemployment Claims...let the market decide.

Best regards.
yessss man - market should decide

good luck

enigma4x
enjoy my life ... and ride the waves - all what I do
  • #18,877
  • Mar 31, 2011 7:19am Mar 31, 2011 7:19am
nando, but doesn't the term "re-entry" mean that it is entry to the same dirrectioin like previous trade where you have been stoped?
Now I see from chart that could be so that you was long, got TP, and now looking for short setup, but not reentry.
Have you shorted initialy from thee "double top" to re-enter now?
  • #18,878
  • Edited 7:54am Mar 31, 2011 7:21am | Edited 7:54am
Quoting enigma4x
yessss man - market should decide

good luck

enigma4x
news are comming - so I took a demotrade for my itchy fingers.

it helps me to wait.

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some times later

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nice trade nando, but for me it was to risky


enigma4x
enjoy my life ... and ride the waves - all what I do
  • #18,879
  • Mar 31, 2011 7:26am Mar 31, 2011 7:26am
Quoting kimis
nando, but doesn't the term "re-entry" mean that it is entry to the same dirrectioin like previous trade where you have been stoped?
Now I see from chart that could be so that you was long, got TP, and now looking for short setup, but not reentry.
Have you shorted initialy from thee "double top" to re-enter now?
I know what he means. Big volume is supported, but timing ...

enigma4x
enjoy my life ... and ride the waves - all what I do
  • #18,880
  • Mar 31, 2011 7:27am Mar 31, 2011 7:27am
Quoting kimis
nando, but doesn't the term "re-entry" mean that it is entry to the same dirrectioin like previous trade where you have been stoped?
Now I see from chart that could be so that you was long, got TP, and now looking for short setup, but not reentry.
Have you shorted initialy from thee "double top" to re-enter now?
The answer is in the manual...please you reread the re-entry concept.
"Being picky only cost your time - not MONEY"...Hans
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