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Sonic R. System

  • #21,721
  • Jun 16, 2011 6:27am Jun 16, 2011 6:27am
Quoting nando_rich
It seems stopping vol in 1.415x...
EU:

It could be starting volume, also. Look at M5. The price gets thrust up on buying, then the BBs work it back down (maybe to get a lower average price on their buying). The price could go thru a series of these "steps" up.

I guess we will just have to watch and see how it goes.

Oh yes, thank you Sonic for your suggestion to not add on a counter trend trade.
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  • #21,722
  • Jun 16, 2011 6:39am Jun 16, 2011 6:39am
Quoting traderathome
EU:

Added EL3 = 1.4077 to trade. Finished. Now wait.
EU:

34 pips profit on EL1 = 1.4100 closed at 1.4136.

SL is now to be set at 1.4100 to lock in profit on EL2 and EL3. For now, the TP is RgH.
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  • #21,723
  • Jun 16, 2011 7:04am Jun 16, 2011 7:04am
AU:

This multiple entries long crap trade.....asian session, counter trend, gussing at lows, etc.......might get salvaged after all!

The FR study shows PA was torpedoed to the -27% level (or -127%, depending on how you have your FR study levels labeled), which is good for a reversal. And right now the BBs are torpedoing it again, so far on light volume. If volume builds at the lows again, it will be a very bullish sign.

If this all happens, thie could end up being a great SonicR long setup when price returns above the Dragon....will be a proper WAVE with Dragon angled up, and with a PA WAVE bounce up off the whole number area!
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  • #21,724
  • Jun 16, 2011 7:15am Jun 16, 2011 7:15am
Quoting traderathome
EU:

34 pips profit on EL1 = 1.4100 closed at 1.4136.

SL is now to be set at 1.4100 to lock in profit on EL2 and EL3. For now, the TP is RgH.
EU:

80 pips profit on EL2 = 1.4088 closed at 1.4170.

SL is raised to SL2 position to further protect profits on remaining EL3 = 1.4077, for which the TP currently remains RgH.
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  • #21,725
  • Jun 16, 2011 7:31am Jun 16, 2011 7:31am
EU:

Even though I am playing the EU trade conservatively now, I see reasons to be optomistic for a substantial run.

Look at M30. Currently price remains just below a S&R level (half number area). Are BBs holding it below the half number while loading for next leg up (conjecture)? If PA breaks up, then the next S&R area is just above two whole numbers higher.....150+ pips more to go!

If the BBs hold it down a while longer, the game will be over for today. And starting with the asian session tomorrow (Friday, last day) they can go to work again collecting longs before driving it up. So, this could pop today, tomorrow, or not until next week....(a gap up?).

Let the "market" decide.
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  • #21,726
  • Edited 8:05am Jun 16, 2011 7:44am | Edited 8:05am
AU:

Looks to be readying to move higher.....M5 early watch for breakout at half number area.

Edit: Added 2nd chart......the story of the deception? As a general market comment, yesterday the "market" was oh-so-supportive of the US dollar. Now, (suddenly?) they switch to being non-supportive? It all begs the question, "Would the market be non-supportive today, regardless of what was in those USD releases?". Maybe so. Maybe all forex is, is up and down by the BBs....manipulations for profits....sometimes with and sometimes without agreement from releases. (.......)
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  • #21,727
  • Jun 16, 2011 8:01am Jun 16, 2011 8:01am
Quoting traderathome
EU:

Even though I am playing the EU trade conservatively now, I see reasons to be optomistic for a substantial run.

Look at M30. Currently price remains just below a S&R level (half number area). Are BBs holding it below the half number while loading for next leg up (conjecture)? If PA breaks up, then the next S&R area is just above two whole numbers higher.....150+ pips more to go!

If the BBs hold it down a while longer, the game will be over for today. And starting with the asian session tomorrow (Friday, last day) they can go to work again...
I think for now the up move was just to test the opening candle of the Asian session. On my platform it was hit "TO THE PIP" Most of the times they do just that. I think we will see some more down move to the "24" area as a retest before any more upside move if that is to come. Just my 2 cents.
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"The future is already written in the past"
  • #21,728
  • Jun 16, 2011 8:09am Jun 16, 2011 8:09am
Quoting hansma
I think for now the up move was just to test the opening candle of the Asian session. On my platform it was hit "TO THE PIP" Most of the times they do just that. I think we will see some more down move to the "24" area as a retest before any more upside move if that is to come. Just my 2 cents.
Why expend themselves to test that when the price subsequently made higher highs already? What would the point be?
  • #21,729
  • Jun 16, 2011 8:13am Jun 16, 2011 8:13am
Quoting traderathome
EU:

80 pips profit on EL2 = 1.4088 closed at 1.4170.

SL is raised to SL2 position to further protect profits on remaining EL3 = 1.4077, for which the TP currently remains RgH.
EU:

38 pips profit on EL3 = 1.4077 closed at SL = 1.4117.

I have mixed emotions about getting stopped out here. I protected profit, but still I believe this is just preparing to run higher. Well, I can always re-enter if things look good at another time.

Let the "market" decide.
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  • #21,730
  • Jun 16, 2011 8:15am Jun 16, 2011 8:15am
Quoting traderathome
Why expend themselves to test that when the price subsequently made higher highs already? What would the point be?
Running stops from those gone long - I have seen this so many times
"The future is already written in the past"
  • #21,731
  • Jun 16, 2011 8:18am Jun 16, 2011 8:18am
Quoting hansma
Running stops from those gone long - I have seen this so many times
How can pushing PA up to the candle opening the asian session, runs stops on long positions? Heck, the higher they push the price, the further the price goes from stops on long trades.....?
  • #21,732
  • Jun 16, 2011 8:28am Jun 16, 2011 8:28am
EU:

Entered long at EL1 = 1.4145. SL and TP are per pic.
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  • #21,733
  • Jun 16, 2011 8:29am Jun 16, 2011 8:29am
Quoting traderathome
How can pushing PA up to the candle opening the asian session, runs stops on long positions? Heck, the higher they push the price, the further the price goes from stops on long trades.....?
What I meant to say was that the pullback from the push up to the candle opening the asian session would take out some long positions if stops were misplaced or moved up to soon
"The future is already written in the past"
  • #21,734
  • Jun 16, 2011 8:54am Jun 16, 2011 8:54am
My 4 part AU garbage trade still looks ok for a comeback.
My 1 part new EU trade currently has a bit of profit....

....and 1,771 pips on closed trades!
  • #21,735
  • Jun 16, 2011 8:56am Jun 16, 2011 8:56am
Quoting traderathome
My 4 part AU garbage trade still looks ok for a comeback.
My 1 part new EU trade currently has a bit of profit....

....and 1,771 pips on closed trades!

Wow mate...

You are the man

Are you thinking in a new car???
"Being picky only cost your time - not MONEY"...Hans
  • #21,736
  • Jun 16, 2011 9:02am Jun 16, 2011 9:02am
AU:

While it is possible the US BBs might start the drive up once the London BBs leave (reduce interference with the drive up), it is more looking like nothing special will happen until tomorrow. Maybe the BBs that are all "on-board" with the "Deception" have elected the asian session BBs to initiate the drive up.

WARNING: Speculative!
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  • #21,737
  • Jun 16, 2011 9:05am Jun 16, 2011 9:05am
Quoting nando_rich
Wow mate...

You are the man

Are you thinking in a new car???
Heck no! There isn't any money it this!.....I'm trading in nano-micro-mini lots.
(I think there's enough here to buy the wife a pack of cigarettes.....)
  • #21,738
  • Edited 9:54am Jun 16, 2011 9:25am | Edited 9:54am
Quoting traderathome
My 4 part AU garbage trade still looks ok for a comeback.
My 1 part new EU trade currently has a bit of profit....

....and 1,771 pips on closed trades!
Ops! Sorry, this is for the week, not just today! Gads, I am tired! Only 268 pips so far today (which for all intend and purposes, seems to be over).
  • #21,739
  • Jun 16, 2011 9:33am Jun 16, 2011 9:33am
Quoting nando_rich
Technically we can see here a diamond pattern ... this is a botton formation.

The problem is the DTL...This is the third attempt to break it.


Let me see.

EU closed: +90pips...

see you tomorrow...becouse today i can't see anymore..
"Being picky only cost your time - not MONEY"...Hans
  • #21,740
  • Jun 16, 2011 10:06am Jun 16, 2011 10:06am
AU:

Leaving with this end-of-week outlook for AU......
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