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Sonic R. System

  • #19,461
  • Apr 20, 2011 3:02am Apr 20, 2011 3:02am
Quoting sonicdeejay
EU back to down trend
Watch out


Sonic
Good resistance area at .4434, i am still waiting but with a pending order at .4390 (but i can reconsider that), the other.. a lot lower
  • #19,462
  • Apr 20, 2011 3:34am Apr 20, 2011 3:34am
UJ:

dragon angeled up.
big wave up.

I will be long when green candle closes above dragon

SL could be placed below DPV to give some space to breath.
TP1 at DR2
TP2 at RgH
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 36 KB
  • #19,463
  • Apr 20, 2011 3:52am Apr 20, 2011 3:52am
EU up, GU down.. what's up?!
  • #19,464
  • Apr 20, 2011 3:58am Apr 20, 2011 3:58am
Quoting bennyFX
UJ:

dragon angeled up.
big wave up.

I will be long when green candle closes above dragon

SL could be placed below DPV to give some space to breath.
TP1 at DR2
TP2 at RgH
Hi BennyFX

I would like to ask if you'd think this will be a valid wave analysis too? ie the start of leg 3 of a down wave?

Cause I find myself having trouble differentiating the formation of waves, for example if it's a pullback of an up wave or the start of a down wave. Any advice you could offer?

Thank you
Attached Image (click to enlarge)
Click to Enlarge Name: uy.gif Size: 88 KB
  • #19,465
  • Apr 20, 2011 4:03am Apr 20, 2011 4:03am
Hi Markck,

you are asking the right questions! So you are on a good way.
This is exactly one of the big challenges on sonicr trading.
The waves may first look long and then turn into short.

This is why you want to wait until confirmation (e.g. green candle closing above dragon). The fight is on at 82.88.

You wave counting might also be possible and as I look now might be even more realisitc as PA didn't make it through 82.88.

To add a few words:
Please note that PA is still above Trendline. Speaking in probablities it would be in favor for long.

Quoting Markck
Hi BennyFX

I would like to ask if you'd think this will be a valid wave analysis too? ie the start of leg 3 of a down wave?

Cause I find myself having trouble differentiating the formation of waves, for example if it's a pullback of an up wave or the start of a down wave. Any advice you could offer?

Thank you
  • #19,466
  • Apr 20, 2011 4:05am Apr 20, 2011 4:05am
Quoting SteMag
EU up, GU down.. what's up?!
Yet again, 6 out of 9 MPC members voted to leave the rates unchanged. With no new member voting for a hike, and a mention that the market expects a hike only in the middle of the year, the moves seems to be getting further away. GBP/USD reacts with a significant drop.
  • #19,467
  • Apr 20, 2011 4:08am Apr 20, 2011 4:08am
Quoting bennyFX
UJ:

dragon angeled up.
big wave up.

I will be long when green candle closes above dragon

SL could be placed below DPV to give some space to breath.
TP1 at DR2
TP2 at RgH
Dragon pointed down. If it closes below the 89 would you consider going short as well?
  • #19,468
  • Apr 20, 2011 4:10am Apr 20, 2011 4:10am
Quoting sonicdeejay
This is what vol indicates..
Off course, will wait for sonic dragon to guide the way..
late to long, early/risky to short for me..

Sonic
Did I see Monday gap jus close?

Sonic
  • #19,469
  • Apr 20, 2011 4:22am Apr 20, 2011 4:22am
Im still a noobie but my biggest fear is news, i often dont know how the certain news will impact the certain currency pair, so I normally stay out of market 15mins before and after ''high impact'' news. Also english isnt my 1st language so it makes it even harder for me. And when NFP comes out i dont trade before it and i wait 1h after it comes out than I look for trade set ups.
  • #19,470
  • Apr 20, 2011 4:22am Apr 20, 2011 4:22am
Quoting duffypratt
Dragon pointed down. If it closes below the 89 would you consider going short as well?
At least I would not enter long anymore... ;-)

For Short:
Notice the DPV just some pips below the PA.
I would not feel good with this one.
  • #19,471
  • Apr 20, 2011 4:25am Apr 20, 2011 4:25am
Quoting sonicdeejay
Did I see Monday gap jus close?

Sonic
Yes
  • #19,472
  • Apr 20, 2011 4:29am Apr 20, 2011 4:29am
Quoting bennyFX
Hi Markck,

you are asking the right questions! So you are on a good way.
This is exactly one of the big challenges on sonicr trading.
The waves may first look long and then turn into short.

This is why you want to wait until confirmation (e.g. green candle closing above dragon). The fight is on at 82.88.

You wave counting might also be possible and as I look now might be even more realisitc as PA didn't make it through 82.88.

To add a few words:
Please note that PA is still above Trendline. Speaking in probablities it would be in favor for...

Thank you for your inputs I'm currently on the sidelines too. Not taking any positions.
  • #19,473
  • Apr 20, 2011 4:32am Apr 20, 2011 4:32am
Quoting bennyFX
At least I would not enter long anymore... ;-)

For Short:
Notice the DPV just some pips below the PA.
I would not feel good with this one.
Personally i dont like USDJPY, even if set up is perfect I feel like im walking on very thin ice with big fat sharks underneath.

Benny is right here tho DPV below means anything can happen but once PA is below it might be worth a shot.
  • #19,474
  • Apr 20, 2011 4:43am Apr 20, 2011 4:43am
Lets see if EURUSD can beat last weeks HH
  • #19,475
  • Apr 20, 2011 4:48am Apr 20, 2011 4:48am
Quoting HankT
Lets see if EURUSD can beat last weeks HH
.4518 is really close.. still flat, this market makes me nervous.
  • #19,476
  • Apr 20, 2011 4:53am Apr 20, 2011 4:53am
Now no media talk abt euro default or US negative review..lol..

Any way.. I have 0 position now..

Sonic
  • #19,477
  • Apr 20, 2011 5:04am Apr 20, 2011 5:04am
Quoting enigma4x
I expect a down swing first and finaly a higher close as last week.

so my bias is long too.

enigma4x
Attached Image (click to enlarge)
Click to Enlarge Name: enigma4x_eurusd_20_04_2011_03.jpg Size: 202 KB


...

http://www.dailymotion.com/video/x1k...lionaire_music



enigma4x
enjoy my life ... and ride the waves - all what I do
  • #19,478
  • Apr 20, 2011 5:09am Apr 20, 2011 5:09am
Quoting sonicdeejay
Now no media talk abt euro default or US negative review..lol..

Any way.. I have 0 position now..

Sonic
More than sure after half an hour or bit later we will see at least 3 articles with very serious explanations of recent move
  • #19,479
  • Apr 20, 2011 5:37am Apr 20, 2011 5:37am
Quoting enigma4x
Attachment

...

http://www.dailymotion.com/video/x1k...lionaire_music



enigma4x
You were correct
  • #19,480
  • Apr 20, 2011 5:44am Apr 20, 2011 5:44am
WOW just wow at EU!
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