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Sonic R. System

  • #20,981
  • Edited 7:02am May 25, 2011 6:16am | Edited 7:02am
Market General Comment:

Today, starting in less that 1.5 hours, we have a series of USD releases, high impact to low impact, and starting with the high impact.

The "anti-dollar" moves so far today might be nothing more than manipulation by the BBs to help them "distribute" their "anti-dollar" positions and load up on "pro-dollar" positions. Maybe yes. Maybe no.

As always, it was best to enter the London session without a bias, and just see what happens. However, this session is not yet over, not by a long shot.

For example, look at EU. The asian session sold it off....heavy volume to downside. Then, the London session started working the price back towards the upper whole number, where the heaviest volumes were for the highest reaching candle and a following downside move. To me, it looks like the BBs are already going short. Look at the Daily on this once more. We can see that the PA is simply being "controlled" to be near the Trend line.....before more bear shit hits the fan?

And look at the Daily on GU.....one big Bear Channel,......and with PA about to drop out of it? Things are getting interesting.
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  • #20,982
  • May 25, 2011 7:40am May 25, 2011 7:40am
Hi everyone.
Mmm eurusd possible long setup?
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  • #20,983
  • May 25, 2011 7:51am May 25, 2011 7:51am
Quoting Doncex
Hi everyone.
Mmm eurusd possible long setup?
1.4090 still holding strong. 2nd atempt in todays LO session and no breakthruogh
  • #20,984
  • May 25, 2011 7:53am May 25, 2011 7:53am
Quoting traderathome
UChf:

Sent a SS out at 0.8878 (EL3) on the basis of the stopping volume with PA in the area of previous consolidation on Thursday.
UChf:

We have the US BBs spike down, and a very strong stopping volume bar. I have sent out SS, EL4= 0.8742. (Ops, the line should be blue, not red.)
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  • #20,985
  • May 25, 2011 7:56am May 25, 2011 7:56am
Quoting kimis
1.4090 still holding strong. 2nd atempt in todays LO session and no breakthruogh
EU:

While it looks like a possible long setup, it could just me a mini-double top....the effort to deceive, while the BBs "distribute" their longs to other traders, and go short themselves.
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  • #20,986
  • May 25, 2011 8:14am May 25, 2011 8:14am
Hi

Can't load a chart at the moment, however it may be helpful to look at the EU daily chart, there is a major supply / demand level around the .409x at this moment.

Join these points 14/7/2008, 2/12/2009....

Good luck
What you do is a reflection of you....what I do is a reflection of me.
  • #20,987
  • May 25, 2011 8:40am May 25, 2011 8:40am
Up Up..

Sonic
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  • #20,988
  • May 25, 2011 8:46am May 25, 2011 8:46am
Quoting sonicdeejay
Up Up..

Sonic
do you realy believe to that or that's just a wish?
  • #20,989
  • May 25, 2011 9:52am May 25, 2011 9:52am
Quoting sonicdeejay
Up Up..

Sonic
SONIC,

this template n indicators change always. i thout that volume hasnt been released yet. i took the long also. banked 40 pips TP1.

thanks
"Taking Responsibility is The Cornerstone of A Winning Attitude"
  • #20,990
  • May 25, 2011 10:05am May 25, 2011 10:05am
Quoting traderathome
GU:

Sent out another SS at ES2= 1.6230 on basis that H4 shows this is in down trend, and the current move up is a spike to upper region of downwards sloping trend channel.
GU:

Added to short, ES3= 1.6280. There is no remarkable "stopping volume" in this case, just a lot of high volume at the highs. The USD releases were negative from expectations, but apparently every other currency is deeper in the crapper than the US dollar is, so as bad as EVERYTHING is, the US dollar still has its following. The US is the only country with a decent political system (read that as where the rich are in league with the other rich around the world), and with the natural resources to keep things going if the world starts to fall apart. And NOBODY truely trusts the chinese!

So, to me, the PA today seems to have the flavor of the BBs "using" the "bad" USD release info to fake "anti-dollar" sentiment runs, giving off their "anti-dollar" positions to those that fall for it, while they go "pro-dollar".

It is mid-week, and it is turning out to be an interesting week.
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  • #20,991
  • May 25, 2011 10:14am May 25, 2011 10:14am
Quoting kimis
do you realy believe to that or that's just a wish?
As the price dripp... The vol seems picking up..

That why Up Up...

Sonic
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  • #20,992
  • May 25, 2011 10:17am May 25, 2011 10:17am
Quoting traderathome
Market General Comment:

Today, starting in less that 1.5 hours, we have a series of USD releases, high impact to low impact, and starting with the high impact.

The "anti-dollar" moves so far today might be nothing more than manipulation by the BBs to help them "distribute" their "anti-dollar" positions and load up on "pro-dollar" positions. Maybe yes. Maybe no.

As always, it was best to enter the London session without a bias, and just see what happens. However, this session is not yet over, not by a long shot.

For example, look...
EU:

I read SonicR VSA this way....

Two green bars back, the BBs pumped the price....part of what they do when they want to "distribute" their longs to the unsuspecting, while they go short.

This is followed by a red selloff.....going short.

This is followed by a high over average blue bar.....consolidation, or using the lower range to continue to close longs and acquire shorts. Down there, more unsuspecting traders might consider going long....

Then, another green bar.....giving longs "confirming encouragement"...."buy, buy, buy"...while the BBs sell, sell, sell.

Just my take. And only time will show us what is going on.
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  • #20,993
  • May 25, 2011 10:18am May 25, 2011 10:18am
two masters, two dirrections
  • #20,994
  • May 25, 2011 10:43am May 25, 2011 10:43am
Quoting sonicdeejay
Up Up..

Sonic
Nice call...

56pips in the bank...

Thanks master.
"Being picky only cost your time - not MONEY"...Hans
  • #20,995
  • May 25, 2011 10:55am May 25, 2011 10:55am
Quoting sonicdeejay
As the price dripp... The vol seems picking up..

That why Up Up...

Sonic
Nice up to resistance.. 1.4112


Sonic
  • #20,996
  • May 25, 2011 10:57am May 25, 2011 10:57am
but resistance doesn't show any volume. I expected to see some "stopping volume"
closed 1st part at +75pips, SL at BE+2
  • #20,997
  • Edited 11:31am May 25, 2011 11:07am | Edited 11:31am
Quoting sonicdeejay
Nice up to resistance.. 1.4112


Sonic
EU:

Yes. And if I was not already in this short (including a very old short at 1.4110) I would send out a SS here (above whole number), stopping volume or not. The day is not over, and once the London larcenists leave, the US BBs might further the farce with yet more upside.....shedding longs and taking shorts.

We need an appropriate term to describe when the BBs are reversing their positions, because in a larger sense it looks like that is what this day is all about.

You can clearly see that the price is higher now than when the day started, and so is the volume! As I see it overall, this is closing longs and switching to shorts. And, as I see it, the upside moves are being created by the BBs solely for the purpose of "distributing" their unwanted long positions to other traders.

Today has been a choppy market, with too little range for classic SonicR trading. SonicR Scout trading only, but risky. However, all things being considered, we might see a downward break of the range in what is left of the week, for some classic SonicR shorting. There I go again! I am trying to not predict! But, if my hands were tied behind my back, that is the way I'd forecast it.

So now lets see what the market gives.
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  • #20,998
  • May 25, 2011 11:13am May 25, 2011 11:13am
Happy Birthday to myself and Horray to Sonic R. 1400th page!!


http://i56.tinypic.com/15gp34x.jpg


Inserted Video


Cheers,

Sonic
  • #20,999
  • May 25, 2011 11:18am May 25, 2011 11:18am
Quoting sonicdeejay
Happy Birthday to myself!!


http://i56.tinypic.com/15gp34x.jpg


http://www.youtube.com/watch?v=7xzU9Qqdqww

Cheers,

Sonic
Happy Birthday, Sonicdeejay! As Spock would say, "Live long, and prosper."
  • #21,000
  • May 25, 2011 11:20am May 25, 2011 11:20am
Quoting sonicdeejay
Happy Birthday to myself and Horray to Sonic R. 1400th page!!


http://i56.tinypic.com/15gp34x.jpg


http://www.youtube.com/watch?v=7xzU9Qqdqww

Cheers,

Sonic
Happy birday master!!!

I'm 1.980 too...the next month is mine.
"Being picky only cost your time - not MONEY"...Hans
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