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Sonic R. System

  • #22,061
  • Jun 22, 2011 9:01am Jun 22, 2011 9:01am
Quoting traderathome
UCad:

Entered EL1 = 0.9743, SL = 0.9725, and TP = 0.9783. I am trying this one again, w/o moving SL to BE+ too soon.
UCad:

Added EL2 = 0.9733, and temporarily lowered SL below previous PA lows, just in case the market manages a final whip in their drive against USD before the buying surge takes over.

A battle is going on between bulls and bears (0.973x area right now on UCad). I suppose this is true on other pairs too. You can see from the P/V relationship what the market is doing. It is driving hard against USD. And buying hard the further it makes progress. I am certain from this P/V action that the market is anticipating a surge in USD later, and is gathering it up as cheaply as possible (all related pairs) before news comes out.
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  • #22,062
  • Jun 22, 2011 9:11am Jun 22, 2011 9:11am
I wonder how Sonic's short from 1.437x area living
  • #22,063
  • Jun 22, 2011 9:15am Jun 22, 2011 9:15am
Quoting kimis
I'm wandering how Sonic's short from 1.437x area living
EU:

You know from reading Sonic's valuable posts on his trades that he regularly places a SL beyond any significant PA in cases where there is expected market high volatility, such as with today. He gives the trade lots of breathing room,.....a fair chance at survival.

Since the asian open, which included a 70+ pip whipsaw, PA has been in a range. If the market is expecting a surge in USD with later news, there is absolutely no incentive for the market to drop the price until then. The market incentive is to hold the price as much as possible at the highs, while shorting, and to run PA up/down in the range as necessary to coax traders to go long. Traders that go long add to market liquidity, allowing the market more shorting.
  • #22,064
  • Jun 22, 2011 9:36am Jun 22, 2011 9:36am
Market Comment:

USD news is coming in two hours. So far today, the market has been "working" the USD pairs: USDxxx pairs down/ranging, and xxxUSD pairs up/ranging. A simple study of pricing and volume shows consistency, indicating the market is anticipating USD strength is coming. The market is "working" prices so as to obtain USD positions as cheaply as possible before the news. The ranging is to encourage other traders to take the oppositie side of what the market is doing, adding the liquidity needed for the market to do more of what it is doing.

Until the news comes, there is absolutely no incentive for the market to relent in what it is doing.
  • #22,065
  • Jun 22, 2011 9:39am Jun 22, 2011 9:39am
Quoting sonicdeejay
My CT Sonic R short..Bias is still Up and 1.435x act like a support.. so, Watching like a vulture,,,

http://www.forexfactory.com/attachme...1&d=1308740937

Sonic

Short trade.. SL is getting close.it is slight above 50 reasonable at 57.


Sonic
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  • #22,066
  • Jun 22, 2011 9:40am Jun 22, 2011 9:40am
Quoting kimis
I wonder how Sonic's short from 1.437x area living
stopped out. outch

nice trap of the PA making swing low.

they fooled us this time.
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  • #22,067
  • Edited 9:56am Jun 22, 2011 9:43am | Edited 9:56am
UChf:

This could turn out to be the Sonic Scout opportunity of the week! .....maybe of the year!

The market is plummeting the price, on top of previous plummeting. Why, the price on the Monthy is simply down since the beginning of time!

What an incredible opportunity to go long. It sure looks like that is what the market is doing......the lower it moves the price, the more it is buying.

Edit: Added H4 chart, with 2 hours to go. By that time the volume on it should be huge, considering how much is there already in half the time!
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  • #22,068
  • Jun 22, 2011 9:53am Jun 22, 2011 9:53am
Quoting sonicdeejay
Short trade.. SL is getting close.it is slight above 50 reasonable at 57.


Sonic

I guess..
Price gonna swing up/down till the FOMC statement...
Running 1 long. 1 short..
long @ +300 pips with SL @ BE and
Short @ -50 pips with SL @ about -85 pips..

http://www.infiniteunknown.net/wp-co...icopterben.jpg


Sonic
  • #22,069
  • Jun 22, 2011 9:54am Jun 22, 2011 9:54am
Quoting traderathome
UChf:

This could turn out to be the Sonic Scout opportunity of the week! .....maybe of the year!

The market is plummeting the price, on top of previous plummeting. Why, the price on the Monthy is simply down since the beginning of time!

What an incredible opportunity to go long. It sure looks like that is what the market is doing......the lower it moves the price, the more it is buying.
I've been reading about oportunity of age to short Nasdaq few years ago
  • #22,070
  • Jun 22, 2011 9:57am Jun 22, 2011 9:57am
Quoting sonicdeejay
I guess..
Price gonna swing up/down till the FOMC statement...
Running 1 long. 1 short..
long @ +300 pips with SL @ BE and
Short @ -50 pips with SL @ about -75 pips..

http://www.infiniteunknown.net/wp-co...icopterben.jpg


Sonic
so you moved your SL to loss side?
ah sorry, looks like you misstyped 57 before

but now, when PA is so close to SL, it will be hit for sure during whipsaw
  • #22,071
  • Jun 22, 2011 10:00am Jun 22, 2011 10:00am
Quoting traderathome
UChf:

This could turn out to be the Sonic Scout opportunity of the week! .....maybe of the year!

The market is plummeting the price, on top of previous plummeting. Why, the price on the Monthy is simply down since the beginning of time!

What an incredible opportunity to go long. It sure looks like that is what the market is doing......the lower it moves the price, the more it is buying.

Edit: Added H4 chart, with 2 hours to go. By that time the volume on it should be huge, considering how much is there already in half the time!
UChf:

Nice opportunity for a double bottom. Well spaced. No pair moves in the same direction forever.
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  • #22,072
  • Jun 22, 2011 10:02am Jun 22, 2011 10:02am
Quoting kimis
so you moved your SL to loss side?
ah sorry, looks like you misstyped 57 before

I move it above psychological and reasonable 50 barrier.. 1.4457,, CT Short..Doesnt turn out good so far..

Sonic
  • #22,073
  • Jun 22, 2011 10:13am Jun 22, 2011 10:13am
Quoting traderathome
UChf:

Send out Sonic Scout EL1 = 0.8425.
UChf:

Added SS EL2 = 0.8363.

You can see on M1 the volume reception at the bottom of the last drive down. This is clearly buying. And remember, "volume" is only a count of the number of trades. It does not show the size of the trades! Therefore, some of the trades at the lows could be for literally millions of dollars.....orders placed there earlier, and then the market works the price down to get them executed.

Yeah, I know this is speculation.....but what the hell else do you think is happening?
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  • #22,074
  • Jun 22, 2011 10:29am Jun 22, 2011 10:29am
Quoting kimis
so you moved your SL to loss side?
ah sorry, looks like you misstyped 57 before

but now, when PA is so close to SL, it will be hit for sure during whipsaw
Possible,

Let the mkt decides, nite fellas..


Sonic
  • #22,075
  • Edited 10:55am Jun 22, 2011 10:32am | Edited 10:55am
UCad:

One hour to go until the first two of multiple USD high impact releases.

I am lowering SL to below lower whole number. The way the market is playing the prices, more whipsawing could be in store with even bigger swings.

The first two of the releases come as the London session closes. So how is the european market going to handle this? Is it ready to go, based on anticipations (or knowledge) and price manipulations already executed? Or, is it going to be open late today?

Surely, this is one of those times the BBs need all manipulate together, for their common good, so none of them lose any of their mansions, fast cars, or kept wimmin'.

Edit: Added before/after pics. The PA WAVE (possible bounce up off of whole number area) has morphed, but it is still intact.
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  • #22,076
  • Jun 22, 2011 11:09am Jun 22, 2011 11:09am
Quoting traderathome
UCad:
Edit: Added before/after pics. The PA WAVE (possible bounce up off of whole number area) has morphed, but it is still intact.
Yeah, but smaller waves suggest downtrend while bigger waves - uptrend.
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cut losses short, let profits run.
  • #22,077
  • Jun 22, 2011 11:20am Jun 22, 2011 11:20am
Quoting bennyFX
stopped out. outch

nice trap of the PA making swing low.

they fooled us this time.
@benny

could y pls attach your tpl?
Poshcom
  • #22,078
  • Jun 22, 2011 11:24am Jun 22, 2011 11:24am
EU:

Here is how it seems to be shaping up so far.....

Edit: Added updated chart. For those that get tired of hearing me talk about "Pumping" and "Dumping", take notice......
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  • #22,079
  • Edited 12:17pm Jun 22, 2011 11:54am | Edited 12:17pm
Quoting traderathome
EU:

Here is how it seems to be shaping up so far.....

Edit: Added updated chart. For those that get tired of hearing me talk about "Pumping" and "Dumping", take notice......
It seems as a cup and handle trend continuation pattern on M30 chart...

It could go higher...be careful with the shorts...

Sorry chart later.... i'm trading in the swiming pool

WARNING SPECULATION. JUST FOR FUNNY!!!
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"Being picky only cost your time - not MONEY"...Hans
  • #22,080
  • Jun 22, 2011 12:26pm Jun 22, 2011 12:26pm
Quoting nando_rich
[...]
Sorry chart later.... i'm trading in the swiming pool
[...]
That's winning!
cut losses short, let profits run.
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