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Sonic R. System

  • #19,161
  • Apr 10, 2011 9:22am Apr 10, 2011 9:22am
Quoting Doncex
Hey I want to ask advice who make trades by mobile phone.
I m planning to buy buy mobile phone (iphone 3g 8gb) mabey
I want to ask with mobile phone possible to have a trade by mobile phone?

what mobile telephone model do you use in trading forex?

I would be happy that you share this information with me
regards,Doncex
Sorry that didn;t reply t pm..

To view chart..
I install teamviewer(google it) on my pc..and I can remote view my pc's chart via iphone 4g.. teamviewer app..
So, it is as if I am sitting in front of my home pc..


To trade
My broker (ig markets) has Iphone app, so I open/close/edit trades using my iphone..if I am at outside..
Hope it helps..

Sonic
  • #19,162
  • Apr 10, 2011 9:31am Apr 10, 2011 9:31am
Quoting sonicdeejay

I am slightly bullish for upcoming week...


Sonic
Bias: Slightly Bullish
Next stop: 1.455x level
Resistance: 1.425x level

We had a crazy week..
Euro goes up like no tomorrow on the hope of rate increase and Fed shut down..

Rate does increase but shut down is no longer possible..
I see some slow down of momentum in advancement..but I will no become bear untill the chart tell me so..


Sonic
Attached Image (click to enlarge)
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  • #19,163
  • Edited 3:11pm Apr 10, 2011 12:59pm | Edited 3:11pm
Quoting sonicdeejay
Bias: Slightly Bullish
Next stop: 1.455x level
Resistance: 1.425x level

We had a crazy week..
Euro goes up like no tomorrow on the hope of rate increase and Fed shut down..

Rate does increase but shut down is no longer possible..
I see some slow down of momentum in advancement..but I will no become bear untill the chart tell me so..


Sonic
The EU rise has been "explained" by the "expectancy of investors" of a euro rate hike, with talk of such a hike being tossed about like it was a sure thing. Now, read this......

http://www.guardian.co.uk/business/2...rest-rate-rise

The EU has been driven on high for almost four months now, "sustained" on the "expectancy" of a euro rate hike. But has the contrived drive up placed the euro too far out of balance now with the dollar? Is it time to correct that imbalance? Are the BBs now fully loaded to the gills with longer term short positions obtained while others were accomodating them with all their buying during the drive?

Is it time now to "set the stage" for the downside half of this game; the half that will make the BBs richer than ever?

One thing is certain. What you just read in that article is not rocket science. It is a realization that anyone involved in such financial matters would have had months ago!

So, one conclusion that can be drawn now is that the BBs drove EU up for months on the excuse of a "rate hike expectancy". They not only made out on the long side here and there, as they kept the drive alive, but (by initial intent) probably they also have built a substantial short position on the backs of all the buying by others. And maybe soon now, they will suddenly "reverse their opinion on the benefits of a rate hike" and start a many months drive back down. What they know now, or will soon profess to know as the reason to change their minds, they knew many months ago at the start of all this!

You'll see in this article that Trichet has never committed to a rate hike, but has continued to refuse to do so:

http://globalmarkets.anyoption.com/a...-implications/

It is a game. It is a game played by big money, and for untold riches. Drive prices one way, then drive them the other way. Any excuse will suffice for a drive, even the same one for drives in both directions! And the stage may be being set now for the second half of this particular game, the downside drive.

Regards,
-tah

P.S. - None of this really matters, however, for trading the market with the Sonic R System. All we need is price movement. Either direction is fine. The method will find trades in both directions no matter which way price is trending.
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  • #19,164
  • Apr 10, 2011 8:08pm Apr 10, 2011 8:08pm
Thanks for the insights. I couldnt agree more on EU.
  • #19,165
  • Apr 10, 2011 8:40pm Apr 10, 2011 8:40pm
Quoting sonicdeejay
Sorry that didn;t reply t pm..

To view chart..
I install teamviewer(google it) on my pc..and I can remote view my pc's chart via iphone 4g.. teamviewer app..
So, it is as if I am sitting in front of my home pc..


To trade
My broker (ig markets) has Iphone app, so I open/close/edit trades using my iphone..if I am at outside..
Hope it helps..

Sonic

I use Iphone place trade, all major brokers have Iphone app for free download. I am currently with IG markets,and Oanda, both working great.
For chart, I sue Trade Interceptor, it's free, and good enought for Sonic R, when 34EMA is all you need. I also use "Forex on the go" as backup. it also free!! I had trouble with windows mobile, so will stick to Iphone.
seeing through
  • #19,166
  • Apr 10, 2011 9:14pm Apr 10, 2011 9:14pm
Quoting sonicdeejay
Bias: Slightly Bullish
Next stop: 1.455x level
Resistance: 1.425x level

We had a crazy week..
Euro goes up like no tomorrow on the hope of rate increase and Fed shut down..

Rate does increase but shut down is no longer possible..
I see some slow down of momentum in advancement..but I will no become bear untill the chart tell me so..


Sonic

Hi Sonic, TAH, all sonicers:

as the masters show us, getting correct trend bias is very important to safe profitable trades.
please see attached chart EU daily, I have basic question that how to judge the trend reversal. I marked some bars on the chart. Please share your ideas, where you would call the trend end and confirm new trend starts?
Attached Image (click to enlarge)
Click to Enlarge Name: eu d 11a.gif Size: 29 KB
seeing through
  • #19,167
  • Apr 10, 2011 9:37pm Apr 10, 2011 9:37pm
At pt 2. it shows lower high, which suggest a reversal.

At pt 5, it shows higher low, which suggests a bullish trend.

imo - daily charts coupled with candle stick patterns, look for doji stars, double doji, hangman, reverse hammer for reversal patterns.
  • #19,168
  • Apr 11, 2011 4:31am Apr 11, 2011 4:31am
Does the past resistance invalidate this possible entry on AUDUSD? Or would you perhaps adjust the entry (my yellow line) to some lower point on the chart?

(Stop would be above first high, which got clipped for some reason when I adjusted chart size)
Attached Image (click to enlarge)
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  • #19,169
  • Apr 11, 2011 4:34am Apr 11, 2011 4:34am
Serious absorbing going on with ranging left and right tight..
Breakout imminent..

Sonic

P.S no pic as post via mobile
  • #19,170
  • Apr 11, 2011 6:02am Apr 11, 2011 6:02am
typical monday
"Being picky only cost your time - not MONEY"...Hans
  • #19,171
  • Apr 11, 2011 6:10am Apr 11, 2011 6:10am
Quoting sonicdeejay
Serious absorbing going on with ranging left and right tight..
Breakout imminent..

Sonic

P.S no pic as post via mobile

Here is the chart...

Inserted Video


Sonic
Attached Image (click to enlarge)
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  • #19,172
  • Edited 6:19pm Apr 11, 2011 8:19am | Edited 6:19pm
UCad:

Long per attached.

Edit: The day is past now. PA continues in lower half of range, which is a good place for the BBs to swing price up and down while presumabley buying, rather than selling. If they were selling, you'd think they'd try and keep the PA in the upper half of the range, which they are more than capable of doing. So, I see this as bullish. Perhaps today will bring a move up. The TP is raised a bit. The SL is lowered, just in case the BBs decide on a double bottom before a run upwards.
Attached Image(s) (click to enlarge)
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  • #19,173
  • Edited 9:56pm Apr 11, 2011 6:33pm | Edited 9:56pm
GU:

Aside from another currently running trade on this, I have entered short as shown. The double top represents a larger WAVE formation. Entry was made when PA appeared to drop thru a SR area, the area of consolidation just prior to the last move upwards. Two TPs are shown. The first is just in case the asian session trading takes PA to that area before pulling back for the London session. The second is in case the London session trading yields a better run down. The SL is a bit higher than the double top.
Attached Image (click to enlarge)
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  • #19,174
  • Apr 11, 2011 7:02pm Apr 11, 2011 7:02pm
EU:

PA is flirting with a local support area (upper blue line). The next local support area appears to be just below the RgL for today. However, yesterday there was no "outstanding" volume at the day highs. So, the BBs might not be favoring a run down so soon. They might desire a double top, first. No predictions on this. It could go either way, and maybe both ways; a bit of a run down followed by a return to the highs.
Attached Image (click to enlarge)
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  • #19,175
  • Edited 7:32pm Apr 11, 2011 7:18pm | Edited 7:32pm
Quoting traderathome
EU:

PA is flirting with a local support area (upper blue line). The next local support area appears to be just below the RgL for today. However, yesterday there was no "outstanding" volume at the day highs. So, the BBs might not be favoring a run down so soon. They might desire a double top, first. No predictions on this. It could go either way, and maybe both ways; a bit of a run down followed by a return to the highs.


Attached Image (click to enlarge)
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good nite

enigma4x
enjoy my life ... and ride the waves - all what I do
  • #19,176
  • Apr 11, 2011 8:38pm Apr 11, 2011 8:38pm
EJ:

Price made a very unusual 120+ pip drop in the early part of the Asian session. Yes, Japan experienced another quake. But why the price drop? The sudden price drop a month ago was explained away with the premise that Japan might repatriote the yen, closing investments outside of Japan to recover that money to use in the rebuilding. But why the drop now? Same rationalization? Or, have the BBs involved with the central banks, gathered together large short positions now? Are they ready and waiting to renege on their support for a weak yen?
Attached Image (click to enlarge)
Click to Enlarge Name: # april 10, 2011 - 196.gif Size: 28 KB
  • #19,177
  • Apr 11, 2011 9:31pm Apr 11, 2011 9:31pm
Unusual vol in asian trade..

Read somewhere there Arab world is starting to dump euro over USD$$..

Anyway, let the chart show u..


Sonic
  • #19,178
  • Apr 11, 2011 10:12pm Apr 11, 2011 10:12pm
Quoting traderathome
GU:

Aside from another currently running trade on this, I have entered short as shown. The double top represents a larger WAVE formation. Entry was made when PA appeared to drop thru a SR area, the area of consolidation just prior to the last move upwards. Two TPs are shown. The first is just in case the asian session trading takes PA to that area before pulling back for the London session. The second is in case the London session trading yields a better run down. The SL is a bit higher than the double top.
GU:

65 pips profit on this SonicR short trade just closed. PA reached TP1. If there is a sufficient pullback with the London session, I might re-enter short with TP2 as the target.
Attached Image (click to enlarge)
Click to Enlarge Name: # april 11, 2011 - 197.gif Size: 31 KB
  • #19,179
  • Apr 11, 2011 10:29pm Apr 11, 2011 10:29pm
Quoting traderathome
UCad:

Long per attached.

Edit: The day is past now. PA continues in lower half of range, which is a good place for the BBs to swing price up and down while presumabley buying, rather than selling. If they were selling, you'd think they'd try and keep the PA in the upper half of the range, which they are more than capable of doing. So, I see this as bullish. Perhaps today will bring a move up. The TP is raised a bit. The SL is lowered, just in case the BBs decide on a double bottom before a run upwards.
UCad:

43 pips profit on this SonicR long trade just closed. TP was reached.
Attached Image (click to enlarge)
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  • #19,180
  • Apr 11, 2011 10:35pm Apr 11, 2011 10:35pm
UChf:

I have been waiting for a long trade on this, with entry just above the central pivot. But look what the BBs have just done! Lots of "stopping volume", too, as Sonicdeejay would say. We could see a good long setup later on this one! The entry area should turn out lower than I was looking for, due to this move down.
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