Sonic R. System

Either 4413 holds or else I see 4451 as next target before any possible drop. These are daily levels.

At 4413 price dropped some 280+ pips - but they might go for 4451 to fcuk those entering at the whole number.

PipDizzle, may I suggest that you:
1. recognize there is the Pure SonicR trade (and re-entry), and
2. there is the counter trend Sonic Scout trade

May I also suggest that you focus on:
1. the Pure SonicR trade, and
2. the Pure SonicR re-entry

Personally, I try to be specific when posting trade entries, calling out either SS or SonicR, because it can help readers ID which they are, and pass over posts of trade types they are not interested in.

Thanks, hansma. That is the pic I provided the link to. Much obliged!

Hansma, my, my, such words! Why, you talk as though the BBs try to rip us off! Such negativism! Why....., they are just a bunch of good 'ole boys and gals that want us all to succeed.

(Yeah, right.)

OK.

@ Tah

"Hansma, my, my, such words! Why, you talk as though the BBs try to rip us off! Such negativism! Why....., they are just a bunch of good 'ole boys and gals that want us all to succeed."

I thought they were our Big Friends...

Do you mean to say they only want to fcuk with us - god I´m dissapointed in them.

Hansma,

Don't be too hard on them. You know how such deceivers, liars and thieves as they are, eventually start believing their own bullshit. So, in a way, they think they are righteous and entitled! (Keep one hand on your wallet/purse at all times!)

Here is what I think about discussions regarding Big Boys

Market Comment:

(Here is where I get to speculate).

Browse thru the pairs and you will discover that today they moved only about 2/3, or less, of their average range. And the moves were by-and-large continuation moves, i.e., anti-dollar moves. And this is on a day of high impact releases for EUR, GBP and USD!!!!

The euro is in deep shit trouble. Already some economists are going on record stating there is no way that Greece will not default, etc. Week to week the situation shows not one iota of improvement! Yet big money continues to bolster the EUR side of forex pairs! What in the dickens is going on?

Maybe,........just maybe, the situation is a hell of a lot worse than any of us can imagine. Maybe the BBs are trying to hold it all together while unwinding their anti-dollar positions as delicately as possible so as to not give a clue as to what is to come. Remember, in order for them to close anti-dollar positions, there must be some semblence of balance, i.e, others willing to acquire those anti-dollar positions. In a market as large as the forex market, this could involve a tremedous amout of money....even such as might require months to unwind, unless the BBs are willing to reveal their predicament too soon and cause a precipitous move lasting for days and maybe longer,...not to mention losses that would be incurred!

So why the reduced range today, in the continuation direction? Again, maybe they are having a hard time with the "balance". If they can keep prices from drastically reversing (remember last Wednesday?) they have the chance to keep the opposite side traders interested. But maybe even that is starting to become less effective.

So, if it becomes harder to continue the price move, causing a constriction of range and a reduction of volume (volumes have been dropping four days now).....if opposite side traders more quickly disappear when the BBs attempt continuation price moves,......then eventually there will be no place to go but in the other direction!

And it just seems there is the possibility that the BBs, by trying to delay pro-dollar moves.....which could be small and manageable,..... are risking the onset of major pro-dollar moves. Maybe small, manageable moves are not appealing to the BBs because they would start right away losing some money. Maybe they think they can avoid that....transfer their positions to others first, so others will lose their money later. Meanwhile, at any time conditions could suddenly change, truths come out, etc, which could cause major reversals.

I guess it all depends on how well Big Money can manipulate the huge forex market, even if some really bad things start to happen.

Gee, they do resemble the heads of two central banks across the pond!

....are they partying it up to forget their sins and woes?

How are you doing, Domas4, my friend. It is good to have you here whenever you can be so.

Hi TAH

I just wanted to ask you to what extent fundamentals like that influence your daily trading. I mean reading your last post about the big boys trying to prepare a massive selling of the Euro kinda makes me nervous to get on to that train on time. Then again, don't you think one can tell just by the looking at the chart when the rock has started to roll (I mean a seasoned trader like you, I couldn't discern it from a retracement anyway...)? And if you can just by looking at the chart aren't then fundis irrelevant when it comes to taking a trading decision?

[quote=traderathome;4712501]Market Comment:

(Here is where I get to speculate).

Browse thru the pairs and you will discover that today they moved only about 2/3, or less, of their average range. And the moves were by-and-large continuation moves, i.e., anti-dollar moves. And this is on a day of high impact releases for EUR, GBP and USD!!!!

The euro is in deep shit trouble. Already some economists are going on record stating there is no way that Greece will not default, etc. Week to week the situation shows not one iota of improvement! Yet big money continues to bolster the EUR side of forex pairs! What in the dickens is going on?

Maybe there will be some pointers with the greek people voting tonight. Lets see what happends when they have cast their votes for the old or any new government. Will Greece go bankrupt ? I dont know but folks with money already withdrew their money from the banks. Maybe they are smarter than us (hence they have more money than us)


Tah I did not notice that you already posted a link to the divergence chart before mine. Ooops sorry.

EU:

Since Sunbrella brought up divergence, here it is on our M15 trading chart. The tops of PA diverge with the tops of MACD. Therefore, it is expected in the not-too-distant future, the price will fall.

With price oscillating now, at the whole number, perhaps tomorrow we'll get a SonicR.....a pure SonicR......short setup.

PA failure at a whole number area is always a good way to start a nice run down.

I think Domas4 said once that he worked for a bank. If so, the next time he drops in, perhaps he can give us some useable insite regardng the euro and forex trading the current situation in general.

Just in and out to check upon you guys in forums

Last post from me regarding the divs. Potential reverse divergences are forming on h4 (takes some time).

By saying 3 units per day you mean the maximum number of open positions you hold or maximum number of trades you make per day? I'd like to make my original question more accurate - is there any psychological difference between opening a new trade and opening a second trade in the same direction ? I was asking, because for me it was very hard (in fact much harder) to open a second position in the direction of the trend.

Now regarding your comment about TAH, which I did not quote, I would like to disagree with you on that one. Firstly, I have seen volume candles long before 2008. In our platform (MetaTrader 4) this is only a derivative of Heiken Ashi candles with different calculations. Since it is only a deviation of original design, you cannot claim intellectual property rights to this.
Secondly, TAH adapted it (so it was changed again) to SonicR, which is distributed FOR FREE. For free means there is no commercial interest.
Thirdly, TAH gives credit where credit is due. Trust me, I have worked with him on some code in the past.

Thank you very much TAH, will do

I have open postions at 1.4370 and 1.4400 going short, hope your right TAH

You know what they say about "hope" as regards trading.....Forget it!

Be sure you make your own mind up about anything you read, see or feel! Don't just "accept" things as gospel.

Late in the day, as it is now, it is easier for prices to be "worked" in either given direction. The motive is less competition for whatever is available as stops are hit. It is easier because there are fewer competitors to resist any moves in one direction or the other. And the asian session is generally the same way. Therefore, we might not know of anything different than what we have been given our fill of today, until tomorrow's London session. Meanwhile, PA can drift a ways. So, get out if it goes too far against you.....whatever "too far" means. Or suffer the consequnces later (be they good or bad). Furthermore, if we are on the verge of a turn down, a nice whipsaw could be the introduction of it. So, decide in advance what you will do in case that also happens.