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Sonic R. System

  • #22,421
  • Jun 28, 2011 5:07am Jun 28, 2011 5:07am
Looks like the 61.8 held on the daily, Who knows
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  • #22,422
  • Jun 28, 2011 5:07am Jun 28, 2011 5:07am
Hi all,
from some time I read this thread.
Very important thread,good job from you all you.
Thanks for it.
Best Regards,
Antonio
  • #22,423
  • Jun 28, 2011 5:17am Jun 28, 2011 5:17am
here it is
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born to speculate
  • #22,424
  • Edited 6:06am Jun 28, 2011 5:45am | Edited 6:06am
EU:

What now?

PA still in range, just extended a bit below half number 1.4250, which brings to mind the aforementioned resistance target at 1.4350 area.

But, PA Wave still exhibits lower H/Ls. Dragon is still down. And PA looks to be oscillating around the Trend, which is angled down also.

Note the TLs on M15. Price could hit again the upper whole number area again, even if the move later is down.

Look at TL redrawn on H4. The tap may already have occurred.

Edit: Bear confrimation? Added the UChf M1 chart. Look at the PV (Price/Volume) relationship. PA was just worked down in a sequence of lower HLs. And at the current bottom, there was extra high volume/spread activity going down and coming back up (red/green), with rising volume at the very bottom. This is, of course, a sign of buying. And if UChf if being bought up ahead of the upcoming USD high impact release, it is now a surer bet that EU will tumble. But still....

.....wait for the market to decide.

So far, the conclusion I draw is for a bear bias.
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  • #22,425
  • Edited 6:41am Jun 28, 2011 6:30am | Edited 6:41am
EU:

Here is a thought. Price is showing definate Bear signs and dropping. Yet, still the USD release is coming. What an opportunity for a whipsaw. If EU is being shorted, and shorting liquidity is too lean for the market to load shorts without dropping price too early, then......let everyone see the price drifting lower so they will do the shorting. Later, whipsaw the price 100-150+ pips to hit stops on the new shorts, increase liquidity, and get large short order filled high,.....the Market's strategy today?

1. Draw them in
2. Suck them dry
3. Use their money at the top to fill short order
  • #22,426
  • Jun 28, 2011 6:35am Jun 28, 2011 6:35am
Quoting traderathome
EU:

Here is a thought. Price is showing definate Bear signs and dropping. Yet, still the USD release is coming. What an opportunity for a whipsaw. If EU is being shorted, and shorting liquidity is too lean for the market to load shorts without dropping price too early, then......let everyone see the price drifting lower so they too will short. Then later, whipsaw the price 100+ pips to hit stops on the new shorts, increase liquidity, and get large short order filled high,.....the Market's strategy today?
I hate them. my TP1 was missed with fraction of pip and then price rocketed up :
  • #22,427
  • Jun 28, 2011 6:35am Jun 28, 2011 6:35am
SL hit.............
Quoting ldytzhi
My entry long on Gold,by sonic re-entry stratagy.Comments welcomed.
(trend up,cci red to green,closely SL)


Attachment
  • #22,428
  • Jun 28, 2011 6:43am Jun 28, 2011 6:43am
Quoting traderathome
EU:

Here is a thought. Price is showing definate Bear signs and dropping. Yet, still the USD release is coming. What an opportunity for a whipsaw. If EU is being shorted, and shorting liquidity is too lean for the market to load shorts without dropping price too early, then......let everyone see the price drifting lower so they will do the shorting. Later, whipsaw the price 100-150+ pips to hit stops on the new shorts, increase liquidity, and get large short order filled high,.....the Market's strategy today?

1. Draw them in
2. Suck them dry
3....
Like the way you think :nerd:
  • #22,429
  • Edited 7:09am Jun 28, 2011 6:52am | Edited 7:09am
Quoting ldytzhi
SL hit.............
Looks good. Still, make your own decisions. Nice that PA just previously put in a double bottom tap. This could give impetus for a move on the larger side (see 3rd possible TP area).

Ops, sorry. Just noticed you posted the SL was hit. Suggestions for placement of the SL include just beyond the start of either leg 1 or leg 2 of the PA Wave. In the pic I attached, it is in between these two locations. Again, you have to decide for yourself, but you simply placed the SL much to close to the current price action.
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  • #22,430
  • Jun 28, 2011 6:58am Jun 28, 2011 6:58am
Quoting traderathome
EU:

Here is a thought. Price is showing definate Bear signs and dropping. Yet, still the USD release is coming. What an opportunity for a whipsaw. If EU is being shorted, and shorting liquidity is too lean for the market to load shorts without dropping price too early, then......let everyone see the price drifting lower so they will do the shorting. Later, whipsaw the price 100-150+ pips to hit stops on the new shorts, increase liquidity, and get large short order filled high,.....the Market's strategy today?

1. Draw them in
2. Suck them...

nice strategy.....sure not today...
born to speculate
  • #22,431
  • Jun 28, 2011 7:35am Jun 28, 2011 7:35am
EU: I realy hate em. closed part of order at 0 to avoid bigger DD
  • #22,432
  • Jun 28, 2011 7:41am Jun 28, 2011 7:41am
Quoting traderathome
Looks good. Still, make your own decisions. Nice that PA just previously put in a double bottom tap. This could give impetus for a move on the larger side (see 3rd possible TP area).

Ops, sorry. Just noticed you posted the SL was hit. Suggestions for placement of the SL include just beyond the start of either leg 1 or leg 2 of the PA Wave. In the pic I attached, it is in between these two locations. Again, you have to decide for yourself, but you simply placed the SL much to close to the current price action.

thank you, TAH. I learned a lot from you through all this thread!
Best regards.
ldytzhi
  • #22,433
  • Jun 28, 2011 7:50am Jun 28, 2011 7:50am
we got to 4230 erea....
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born to speculate
  • #22,434
  • Edited 8:21am Jun 28, 2011 8:10am | Edited 8:21am
Quoting Sunbrella
This was my long from yesterday (TP was hit already). Now I plan to open a new long somewhere between 1.429-1.428 depending on the PA around that region (except we go below 1.4253), with a TP around 1.437x .

Let the market decide.
Since then a new SonicR long set-up was formed on M5. It was quick and has been closed already at TP.
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Mind the gap
  • #22,435
  • Jun 28, 2011 8:17am Jun 28, 2011 8:17am
Quoting Sunbrella
Since than a new SonicR long set-up was formed on M5. It was quick and has been closed already at TP.
well done
born to speculate
  • #22,436
  • Jun 28, 2011 8:18am Jun 28, 2011 8:18am
Looks like 1.4325 is holding...
  • #22,437
  • Jun 28, 2011 8:24am Jun 28, 2011 8:24am
Quoting Sunbrella
Since then a new SonicR long set-up was formed on M5. It was quick and has been closed already at TP.
Good trading, Sunbrella!
Perhaps I'm tired from yesterday, because I can't seem to get the right "feel" just now. So, I am waiting for the release, and maybe for a good while afterwards, to see what is what with the market.
  • #22,438
  • Jun 28, 2011 8:32am Jun 28, 2011 8:32am
Looks like , we have more and more sonikers..

Sonic
  • #22,439
  • Jun 28, 2011 8:32am Jun 28, 2011 8:32am
Quoting traderathome
Good trading, Sunbrella!
Perhaps I'm tired from yesterday, because I can't seem to get the right "feel" just now. So, I am waiting for the release, and maybe for a good while afterwards, to see what is what with the market.
No wonder TAH, EU is in a nasty correction phase, big movements in both directions while the net result is getting nowhere ), which finishes on your nerves (mine as well). Better to do something else till then.
Mind the gap
  • #22,440
  • Jun 28, 2011 8:46am Jun 28, 2011 8:46am
EU:

With less than 20 minutes to the release, the market is pushing PA firmly up against the resistance area. This still makes me feel bearish, because how it is to the market's advantage to keep pressing for fractionally higher and higher pricing before the release, IF the market plans on a move up later?
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