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Sonic R. System

  • #23,441
  • Edited 10:26am Jul 18, 2011 9:58am | Edited 10:26am
Quoting hansma
Geeez Tah, didnīt think I would hear you say retests of s+r areas - or do you mean supply and demand areas

Just kidding...
Yeah, you are right. I shouldn't say "retest". Afterall, what does that mean? Nothing! It is not descriptive. It says nothing about what kind of test, nor for what kind of results.

Let's face it, "retest" is a conjured up word by the "market" for public palatable consumption. What is really going on when price is pumped up to, and maybe just thru, a S&R area, is SLs on shorts are being targeted, and also the "market" is triggering into the market long orders sitting there...to add liquidity for the "market" to add shorts.

So, maybe I should not say, ".....to retest S&R...". Maybe I should say, "...for another 'screw you' move up to S&R"!

I should build a dictionary of "TAH Terms for Trading":

Pump 'n Dump
Grind 'n Grab
Screw you move to S&R
....... et. al.

tah
  • #23,442
  • Jul 18, 2011 10:07am Jul 18, 2011 10:07am
Quoting traderathome
Yeah, you are right. I shouldn't say "retest". Afterall, what does that mean? Nothing! It is not descriptive. It says nothing about what kind of test, nor for what kind of resutls.

Let's face it, "retest" is a conjured up word by the "market" for public palatable consumption. What is really going on when price is pumped up to, and maybe just thru, a S&R area, is SLs on shorts are being targeted, and also the "market" is triggering into the market long orders sitting there...to add liquidity for the "market" to add shorts.

So, maybe...
Your dead on - itīs all about liquidity, canīt run any markets without them and the little guys and girls provide plenty of it every day for those greedy snakeeyed mofus
"The future is already written in the past"
  • #23,443
  • Jul 18, 2011 10:12am Jul 18, 2011 10:12am
Quoting hansma
Your dead on - itīs all about liquidity, canīt run any markets without them and the little guys and girls provide plenty of it every day for those greedy snakeeyed mofus
Man... That 1.4025 is really holding
  • #23,444
  • Jul 18, 2011 10:13am Jul 18, 2011 10:13am
Quoting Doncex
Hi fellas,I will try to take long setup 4075 area,decide to take only one trade,becouse downtrend

Lets trade well
eu hit sl

Tah was right about short,nice short Tah
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  • #23,445
  • Jul 18, 2011 10:17am Jul 18, 2011 10:17am
Interesting outlook if you use fibs for your trading... and fib from where price was heavily sold off
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"The future is already written in the past"
  • #23,446
  • Jul 18, 2011 10:23am Jul 18, 2011 10:23am
Quoting PipDizzle
Man... That 1.4025 is really holding
EU:

BBs thinking?.....it is not too late to fool some more into long postions? Let's "rescue" the drop at S&R, make it look real good for a move higher. Maybe that will coax some more longs into the market. We can get more shorts, here above that S&R area, before we slam dunk it!

Ha! Well, it could be. Anyway, tomorrow is another day. Lots of time for the BBs to work the price up, possibly going short every step of the way. As you can see on M1, not a huge increase adding up to "stopping volume", just enough to get the rescue job done.
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  • #23,447
  • Jul 18, 2011 10:30am Jul 18, 2011 10:30am
Quoting traderathome
EU:

BBs thinking?.....it is not too late to fool some more into long postions? Let's "rescue" the drop at S&R, make it look real good for a move higher. Maybe that will coax some more longs into the market. We can get more shorts, here above that S&R area, before we slam dunk it!

Ha! Well, it could be. Anyway, tomorrow is another day. Lots of time for the BBs to work the price up, possibly going short every step of the way. As you can see on M1, not a huge increase adding up to "stopping volume", just enough to get the rescue job...
Thats some REAL BB talk right there, TAH you sure you ain't one of them , lol, J/k
  • #23,448
  • Jul 18, 2011 10:34am Jul 18, 2011 10:34am
Quoting traderathome
EU:

BBs thinking?.....it is not too late to fool some more into long postions? Let's "rescue" the drop at S&R, make it look real good for a move higher. Maybe that will coax some more longs into the market. We can get more shorts, here above that S&R area, before we slam dunk it!

Ha! Well, it could be. Anyway, tomorrow is another day. Lots of time for the BBs to work the price up, possibly going short every step of the way. As you can see on M1, not a huge increase adding up to "stopping volume", just enough to get the rescue job...
Do you think that they could be that evil to us little folks
"The future is already written in the past"
  • #23,449
  • Jul 18, 2011 10:34am Jul 18, 2011 10:34am
Quoting PipDizzle
Thats some REAL BB talk right there, TAH you sure you ain't one of them , lol, J/k
EU:

Nah! But in case my "BB thinking" has merit, I've added EP2 short order tucked nicely just below the current upper S&R. The next time (if) PA drops below S&R = 1.4022 level, I think I will move the SL to just above S&R = 1.4053.
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  • #23,450
  • Jul 18, 2011 10:40am Jul 18, 2011 10:40am
Quoting traderathome
EU:

Nah! But in case my "BB thinking" has merit, I've added EP2 short order tucked nicely just below the current upper S&R. The next time (if) PA drops below S&R = 1.4022 level, I think I will move the SL to just above S&R = 1.4053.
TAH, BB's just saw your pending order and they saying " Oh Hell Naw, lets go back down "
  • #23,451
  • Jul 18, 2011 10:42am Jul 18, 2011 10:42am
Quoting hansma
Do you think that they could be that evil to us little folks
Of that evil, there is no doubt. The question is whether or not that is their current strategy. For that question to be answered, we might get a glimpse from lower TF PV study, but will surely have to await more PA to be more sure, one way or the other.
  • #23,452
  • Jul 18, 2011 10:43am Jul 18, 2011 10:43am
An example of price being at a s+r area and now consolidating before the next move...

Edit - for a clearer picture look at H1
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"The future is already written in the past"
  • #23,453
  • Jul 18, 2011 10:45am Jul 18, 2011 10:45am
Quoting PipDizzle
TAH, BB's just saw your pending order and they saying " Oh Hell Naw, lets go back down "
Ha! You could be right! (Think I'll leave that order there, anyway.)
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  • #23,454
  • Jul 18, 2011 10:48am Jul 18, 2011 10:48am
Quoting hansma
An example of price being at a s+r area and now consolidating before the next move...
Can't wait for the BBs to start an honest greedy evil drive up! They have hammered the hell out of this one, and undoubtedly been going heavy long on every drive down recently.
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  • #23,455
  • Jul 18, 2011 10:55am Jul 18, 2011 10:55am
Quoting Doncex
eu hit sl

Tah was right about short,nice short Tah
Again, I like to see the first leg beyond the dragon. In this case, the first high (marked) above the dragon.

Trade the best setups people. If you're going to be like a shotgun, it's not gonna work. Try to be like a sniper, shot less, but be more accurate.

My sonicR trades during the week rarely exceed than 3 ...
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Trading methods are designed to put the odds in our favor, not predicting.
  • #23,456
  • Jul 18, 2011 11:00am Jul 18, 2011 11:00am
EJ:

Well, London session ending. 2nd half US session left to go. Possible move lower on this one? Anyway, nice SonicR short setup if price starts to drop, especially with the "stopping" volume earlier at the highs, and with the current PA Wave being at a whole number area.....
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  • #23,457
  • Jul 18, 2011 11:07am Jul 18, 2011 11:07am
Quoting Basber
Again, I like to see the first leg beyond the dragon. In this case, the first high (marked) above the dragon.

Trade the best setups people. If you're going to be like a shotgun, it's not gonna work. Try to be like a sniper, shot less, but be more accurate.

My sonicR trades during the week rarely exceed than 3 ...
Basber, you are the "Seer of Sonic R."! When you posted this observation last week, it JUMPED out at me! This single criteria is probably THE CRITERIA for separating the best from the rest! Amongst all that you have contributed to SonicR, this is the........

.......Supreme saying by the Seer of SonicR!
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  • #23,458
  • Edited 11:26am Jul 18, 2011 11:14am | Edited 11:26am
Quoting traderathome
EU:

Entered EP1 short = 1.4076. On M1, following the USD high impact release, you could watch as the BBs started to work the price higher. And the higher it went, the more trading activity there was. I took this as a sign the BBs were pumping the price to acquire shorts at a higher price. This was not a SonicR entry, but a SonicS entry (Scout) based on the price being rushed up to next S&R, and high trading activity then occurring at that level. These are riskier trades than SonicR. The price could still be worked even higher.
EU:

Added EP2 short = 1.4051 on PA pullback up to S&R. And have added pending EP3 short at 1.4061.

Edit: EP3 short = 1.4061 executed. Updated chart.
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  • #23,459
  • Jul 18, 2011 11:59am Jul 18, 2011 11:59am
EU:

As with EJ, should the 2nd half of US session today bring a drop, it will be starting at a good S&R area. In the case of EU, the half number area, with the PA Wave depicting a breakthru. However, since the London session is over, PA could just as well die on the vine until tomorrow.....essentially giving the BBs more time to trade in the current area, before dropping it further tomorrow (speculation).

I am going to watch for a bit longer.
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  • #23,460
  • Jul 18, 2011 12:18pm Jul 18, 2011 12:18pm
Quoting traderathome
EU:

As with EJ, should the 2nd half of US session today bring a drop, it will be starting at a good S&R area. In the case of EU, the half number area, with the PA Wave depicting a breakthru. However, since the London session is over, PA could just as well die on the vine until tomorrow.....essentially giving the BBs more time to trade in the current area, before dropping it further tomorrow (speculation).

I am going to watch for a bit longer.
Thats what I was thinking, it will probably just range but there has been some movement lately in the afternoons
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