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Sonic R. System

  • #23,361
  • Jul 15, 2011 8:33am Jul 15, 2011 8:33am
Lower High seen for Bear..
http://i.dailymail.co.uk/i/pix/2011/...57_634x857.jpg


Higher Low seen for Bull...

http://www.livetradingnews.com/wp-co...y-travis-s.jpg



Take your pick,...


Sonic

P.S my Dad Op went well..
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  • #23,362
  • Jul 15, 2011 8:36am Jul 15, 2011 8:36am
Quoting kimis
thanks, dadytrader

correct me if I'm wrong - your sl now is yesterdays high - above 1.4282, and you must be already in trade ...
Yes and yes
  • #23,363
  • Jul 15, 2011 8:37am Jul 15, 2011 8:37am
Quoting aligater
Eur USd
EU:

Look at the rectangle area in the pic. Contained there is a S&R level, whole number level and pivot level. Breaking thru there would indeed be bearish confirmation. However, my guess is the preparations/consolidation for the break is happening now. And when the break occurs, price will be given a speedy trip thru that area, down to lower regions.

It will be interesting to see exactly what does happen. Less than 1/2 hour to another USD high impact release, and with a EUR high impact release about 2 hours afterwards.
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  • #23,364
  • Jul 15, 2011 8:39am Jul 15, 2011 8:39am
Quoting sonicdeejay
Lower High seen for Bear..


Higher Low seen for Bull...



Take your pick,...


Sonic

P.S my Dad Op went well..
Hi Sonic,

Great news about your Dad!

As for the lower high for bear/higher low for bull, I have a good buddy who calls that "the chop zone." He says that when price gets into a chop zone, you should focus on the high before the lower high and the low before the higher low for breakouts.
  • #23,365
  • Edited 9:05am Jul 15, 2011 8:40am | Edited 9:05am
Sonic
P.S my Dad Op went well.. [/quote]

"P.S my Dad Op went well.. " -

Praise be to God!

BTW Sonic, there is one characteristic that separates the two options. The Bull option (L, HL) finds both at/near the same S&R area. Whereas the Bear option (H, LH) finds one at one S&R and the next at the next lower S&R. On this basis, I am thinking the Bear is the true indication, so far.

In other words, I see both lows as influenced by the same S&R level, making them less reliable than the highs, which are influenced by different S&R levels.
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  • #23,366
  • Jul 15, 2011 8:54am Jul 15, 2011 8:54am
for Sonic
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born to speculate
  • #23,367
  • Edited 9:14am Jul 15, 2011 9:03am | Edited 9:14am
Quoting traderathome
EU and UCad:

What I see from the charts currently are reversal trade possibilities today, in conjunction with the multiple USD high impact releases.....
UCad:

Yesterday's EP long area has been revisited. A new PA Wave may be forming, but still for a bounce up off the whole number area. If price progresses above whole number, this time I plan to add to the long trade.

BTW, my EP long was at 0.9566, not at the several pips higher mistakenly shown in the original post.
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  • #23,368
  • Jul 15, 2011 9:04am Jul 15, 2011 9:04am
well, fellas, nice week was. learned some things. time for beer chanels and patterns

good weekend to all
  • #23,369
  • Jul 15, 2011 9:15am Jul 15, 2011 9:15am
Time like this..getting higher TF is better I must say..

Wider SL needed but better chance of getting trend right,,

Sonic
  • #23,370
  • Edited 9:29am Jul 15, 2011 9:16am | Edited 9:29am
Quoting kimis
well, fellas, nice week was. learned some things. time for beer chanels and patterns

good weekend to all
Not over 'til the fat lady sings....EUR high impact release right at London close, with half of US session still to go at that point. Could still be some interesting hands played.....

......once the US BBs have the market pretty much to themselves, they could work a spike or two to trigger orders into the market, hit their stops and the stops of existing positions to create liquidity, and all to get their new large orders filled. Up or down? Or both? Or, will the market die on the vine?

Normally, I'd be thinking everybody quits for the weekend and the market dies on the vine. However, we may be seeing the process of a trend reversal to USD strength vs euro, in which case some opportunists might remain at work past the London close.
  • #23,371
  • Jul 15, 2011 9:32am Jul 15, 2011 9:32am
Quoting traderathome
EU:

Entered EP short = 1.4128.

TAH，have you closed your trade?
  • #23,372
  • Jul 15, 2011 9:37am Jul 15, 2011 9:37am
Quoting sonicdeejay
Time like this..getting higher TF is better I must say..

Wider SL needed but better chance of getting trend right,,

Sonic
The S&R = 1.4108 level might hold for the day, as the lower boundary of the range used today to prepare for the next bigger move.

On the other hand, if the EUR high impact release is of high impact, there could be a sudden spike, one way or the other. If it is down, it could be a move that "locks out longs", i.e., deep and fast enough to leave them seriously damaged and sweating over the weekend.
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  • #23,373
  • Jul 15, 2011 9:38am Jul 15, 2011 9:38am
Quoting traderathome
Not over 'til the fat lady sings....EUR high impact release right at London close, .
U mean bank stress test??

Sonic
  • #23,374
  • Jul 15, 2011 9:42am Jul 15, 2011 9:42am
Quoting sonicdeejay
U mean bank stress test??

Sonic
Yeah, that is what SonicR FFCal Headlines says. Keeping in mind that it is the "event" that is important, not the "released content", some opportunits might make the point by either pumping or crushing the price, depending on their strategy and not on the actual content.
  • #23,375
  • Edited 10:51am Jul 15, 2011 10:04am | Edited 10:51am
Quoting traderathome
UCad:

Yesterday's EP long area has been revisited. A new PA Wave may be forming, but still for a bounce up off the whole number area. If price progresses above whole number, this time I plan to add to the long trade.

BTW, my EP long was at 0.9566, not at the several pips higher mistakenly shown in the original post.
UCad:

Added EP2 long = 0.9554, and will now not add just above upper whole number.

Edit:
Added EP3 long = 0.9537 (2nd pic). The opportunist's "Grind & Grab" manipulation, and with nice "stopping volume", I found too attractive to not take further advantage of myself.
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  • #23,376
  • Edited 11:10am Jul 15, 2011 10:30am | Edited 11:10am
Quoting traderathome
EU:

Entered EP short = 1.4128.

After closing an EU trade earlier, I waited to see if the BBs would work the price up, creating a range for the continued closing of longs and opening of shorts. Got some rest. Waited for US open to see if those BBs might top the range, make a bit higher move, etc.

It looks like "No.", so I entered short here. If, however, there is a surprise spike up, I'll look for a nice place to add short.
EU:

Entered EP2 short = 1.4148.

Edit:
Added EP3 short = 1.4168 (2nd pic)
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  • #23,377
  • Jul 15, 2011 11:13am Jul 15, 2011 11:13am
3 trads this week all wins...enjoy week ,
Sonic My true prayers with your father May Allah give him bellesing ,

Muhammad
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FxHome
  • #23,378
  • Edited 12:08pm Jul 15, 2011 11:24am | Edited 12:08pm
Quoting traderathome
Yeah, that is what SonicR FFCal Headlines says. Keeping in mind that it is the "event" that is important, not the "released content", some opportunits might make the point by either pumping or crushing the price, depending on their strategy and not on the actual content.
This is what I was referring to. I have no idea what "Bank Stress Test" data was released, and don't care. What I do care about is that BB moves like this can often be anticipated. Waiting to see if they occur, and in which direction, can sometimes afford a good entry opportunity for us, too.

EU:
To me, this was a BB pump and dump spike up,......selling along the way to close longs, and/or open shorts. It was a very BEARISH move. And there was nice "stopping volume" on the manipulation.

UCad:
To me, this was a BB grind and grab spike down,.....buying along the way to close shorts, and/or open longs. It was a very BULLISH move. And look at the incredible volume on the low bar! That is nice "stopping volume", too.
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  • #23,379
  • Edited 12:22pm Jul 15, 2011 11:52am | Edited 12:22pm
Dadytrader, does your piramide system has an escape plan? let say after such day like today, when pending order has been activated, price actualy was in profit just few minutes for few pips, but as well it traveled almost half way towards SL. and what about TP's and/or exit strategy?
  • #23,380
  • Jul 15, 2011 11:59am Jul 15, 2011 11:59am
UChf:

It is interesting to note that the price on this infamous "about to burst bubble" has been tinkered with very little today, in spite of all the shenanegans elsewhere. Of course, this is so oversold, and about to "burst", maybe even the BBs felt it was just to delicate a situation to risk another really substantial Grind & Grab move on it.
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