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Sonic R. System

  • #20,301
  • May 10, 2011 9:23am May 10, 2011 9:23am
Quoting enigma4x
Attachment

okay I log in short 0.25 % - plan tp in 2 units.

Attachment

my sl protect me and let me sleep

enigma4x
plan for conta trade ...

Attached Image (click to enlarge)
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enigma4x
enjoy my life ... and ride the waves - all what I do
  • #20,302
  • May 10, 2011 9:24am May 10, 2011 9:24am
Quoting p.e.t.r.a.s
Red line = SL
Blue line = TP
Sorry. I thought they were rgl lines.
Thanks for the reply.
  • #20,303
  • May 10, 2011 9:24am May 10, 2011 9:24am
Hi Sonic,
very nice song you posted.
P.

Quoting sonicdeejay
Possible CT.. Sonic R trade prepared..see if taken..
Having sore throat and taken meds..

http://www.youtube.com/watch?v=rYEDA3JcQqw

Nite..W1 bias is still down..

Sonic
  • #20,304
  • Edited 10:07am May 10, 2011 9:55am | Edited 10:07am
EU Comment:

The bold horizontal lines are whole number areas.
1. The last climax bar (red) was a bear candle, busting price down thru a whole number to the next lower number......selloff is how I see that.
2. The last two above average bars (blue) were for candles that "probed" lows......spurts of selling is how I see those.
3. PA came back up to test whole number after those probes......hiking price for more shorting is how I see that.
Attached Image (click to enlarge)
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  • #20,305
  • May 10, 2011 10:18am May 10, 2011 10:18am
Quoting traderathome
EJ:

Entered short.
EJ:

Added EP2 to this short trade. The push up to the whole number area was on light volume, even though both London and US sessions are running. So, maybe they are hiking the price here also, to get higher prices to add more shorts. This entry is most like a SS entry. There is no whopping high volume bar to mark the end of a run, but that is just the point. This was a nice drive up......on vapors!
Attached Image (click to enlarge)
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  • #20,306
  • May 10, 2011 10:36am May 10, 2011 10:36am
Quoting traderathome
UJ:

Entered long. This adds EP2 to the long trade. I have been waiting for some time for this to move up. Today might be the day.
UJ:

36 pips profit on EP2 just closed. We are in the last hour of the joint London/NY session. This is a time when PA can be pushed to limits for the benefit of BBs on both sides of the pond, before the joint session ends. If PA gets dropped again later today/tomorrow, I can always add again.
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  • #20,307
  • May 10, 2011 10:45am May 10, 2011 10:45am
Quoting traderathome
GU:

Entered EP2 short. The way I read the volume on this one is lastly heavy down after some preliminary heavy ups. EP1 is a much older short entry. Maybe they will both clear out today with profit. Admittedly, it could go up on the GPB release, or later on the NFP release. And yet, I do not want a SL on this due to possible whips no matter which way it goes. I could have not entered EP2 and just waited until much after NFP to see what things look like when the dust settles. But instead, I am watching this for possibly a further dip before things...
GU:

47 pips profit on EP2 just closed. The joint London/US session is coming to an end, and substantial movement might be also.
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  • #20,308
  • Edited 11:34am May 10, 2011 11:21am | Edited 11:34am
NU Comment:

The attached H4 reveals some interesting things.
1. Possible H&S formation with target around 0.7600
2. Possible SonicR WAVE for short trade
3. PA currently consolidating below Dragon, which is angled down
4. Largest recent volumes are on downward probing candles
5. It has had a hell of a run up!
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  • #20,309
  • May 10, 2011 11:54am May 10, 2011 11:54am
UChf:

The attached H4 shows some interesting things.
1. This has had a hell of a run down!
2. Big volume when price hit bottom.
3. Big volume on last three candles.
4. Middle of last 3 candles looks like quick plunge to pick up longs.
5. Price is now breaking up thru whole number previously tested.
6. Nice WAVE.
Attached Image (click to enlarge)
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  • #20,310
  • May 10, 2011 2:04pm May 10, 2011 2:04pm
Quoting traderathome
EU Comment:

The bold horizontal lines are whole number areas.
1. The last climax bar (red) was a bear candle, busting price down thru a whole number to the next lower number......selloff is how I see that.
2. The last two above average bars (blue) were for candles that "probed" lows......spurts of selling is how I see those.
3. PA came back up to test whole number after those probes......hiking price for more shorting is how I see that.
What about eurusd long?

why short on strong support level area?

i THINK PRICE DONT WANT TO GO DOWN MORE...

And here is good volume on strong wave m30 too
Attached Image (click to enlarge)
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Sonic r (S/R)
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  • #20,311
  • May 10, 2011 2:05pm May 10, 2011 2:05pm
volume
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  • #20,312
  • Edited 5:24pm May 10, 2011 4:58pm | Edited 5:24pm
Quoting traderathome
EJ:

Added EP2 to this short trade. The push up to the whole number area was on light volume, even though both London and US sessions are running. So, maybe they are hiking the price here also, to get higher prices to add more shorts. This entry is most like a SS entry. There is no whopping high volume bar to mark the end of a run, but that is just the point. This was a nice drive up......on vapors!
EJ:

The late US session, with little resistance since everybody had quite for the day, continued this drive up on vapors. With PA now at an S&R area another 40 pips higher, I added EP3.

Edit: PA has been moved another 25 pips higher, and still the volume is unremarkable. The next area of SR is a bit below the whole number, and I have another open order to sell (EP4).
Attached Image(s) (click to enlarge)
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  • #20,313
  • Edited 5:45pm May 10, 2011 5:31pm | Edited 5:45pm
Quoting sonicdeejay
Possible CT.. Sonic R trade prepared..see if taken..
Having sore throat and taken meds..

http://www.forexfactory.com/attachme...1&d=1305036308

Nite..W1 bias is still down..

Sonic

7 hours later... see green pips..
Decide to take profit..as I see when the price run up t vol becomes thinner.. We may have some drop bak before LO,, so TP first

See u LO opens,,
Sonic
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  • #20,314
  • Edited 7:04pm May 10, 2011 5:43pm | Edited 7:04pm
Quoting Doncex
What about eurusd long?

why short on strong support level area?
i THINK PRICE DONT WANT TO GO DOWN MORE...
And here is good volume on strong wave m30 tooAttachment
Sonic r (S/R)
Using H4 to illustrate, in a single TF the price was driven from above 1.4500 to below 1.4400 on high volume (lots of participation). So, this was a genuine selloff. Then a bit later, from just above 1.4400, there was another drive down to just above 1.4300 on high volume. this too was a genuine selloff. Since then, the price has been "worked" back up to the 1.4400+ area. But even during that manipulation, there were two more drives down on high volume.

So based on PA and volume, it looks like the area between 1.4300+ and 1.4400+ is the preparations area before another definative drive down. Until that drive starts, the pressure might be to "work" the price higher to coax in longs, so the BBs can add their shorts.
Attached Image(s) (click to enlarge)
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  • #20,315
  • May 10, 2011 5:44pm May 10, 2011 5:44pm
Quoting traderathome
EJ:

The late US session, with little resistance since everybody had quite for the day, continued this drive up on vapors. With PA now at an S&R area another 40 pips higher, I added EP3.

Edit: PA has been moved another 25 pips higher, and still the volume is unremarkable. The next area of SR is a bit below the whole number, and I have another open order to sell (EP4).
EP3 as if in SS?
It is definitely not classic sonic R.
Pls watch it like hawk..

Sonic
  • #20,316
  • May 10, 2011 5:48pm May 10, 2011 5:48pm
EU:

Added EP3 to short trade.
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  • #20,317
  • May 10, 2011 6:57pm May 10, 2011 6:57pm
Quoting traderathome
EJ:

The late US session, with little resistance since everybody had quite for the day, continued this drive up on vapors. With PA now at an S&R area another 40 pips higher, I added EP3.

Edit: PA has been moved another 25 pips higher, and still the volume is unremarkable. The next area of SR is a bit below the whole number, and I have another open order to sell (EP4).
EJ:

Short order for EP4 at 116.82 has been executed.
Attached Image (click to enlarge)
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  • #20,318
  • May 10, 2011 7:23pm May 10, 2011 7:23pm
Quoting traderathome
EU:

Added EP3 to short trade.
Naughty TAH, releasing SS style trades, anyhow..
Pls do not enter jus coz feel like it..
Careful mate..all the best..

Sonic
  • #20,319
  • May 11, 2011 1:09am May 11, 2011 1:09am
Quoting traderathome
GU:

47 pips profit on EP2 just closed. The joint London/US session is coming to an end, and substantial movement might be also.
GU:

Added back again EP2 short.
Attached Image (click to enlarge)
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  • #20,320
  • May 11, 2011 1:18am May 11, 2011 1:18am
EU long classic triggered..1.440x
Try swimming in small pond..ultimately 1.450x on sight..

Sonic
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