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Sonic R. System

  • #23,941
  • Jul 26, 2011 9:28pm Jul 26, 2011 9:28pm
Quoting ddaytrader
Trading Hint:

There is no such thing as overbought in an up trend, only oversold.

There is no such thing as oversold in a down trend, only overbought.

Although I am not yet follow SonicR system, but I have to say THANK YOU to point out this important relation between trend and oscillator

Really, Thank you, this make me more clear about OB/OS
  • #23,942
  • Jul 26, 2011 9:50pm Jul 26, 2011 9:50pm
Daily Charts up to Tue 26-Jul-11.


EUR/USD:
- Daily Price close above down trendline and outside of triangle.
- Price above High band of Dragon.
- Look for Longs at retracements.


EUR/JPY:
- Price below Horizontal Resistance Line.
- Inside what maybe a Triangle, possible more ranging period.
- Below Low band of Dragon.
- Either Short or No Trade for now.


GBP/USD:
- Price closed above down trendline, also above up trendline.
- Price above High band of Dragon.
- Look for Longs at retracements.


EUR/GBP:
- Not trading this pair, just using it to compare EUR versus GBP.
- Price between 2 Rectangle Channels, still ranging period.
- Price below Low band of Dragon and inverted-hammer.
- As below Dragon, perhaps slightly favour EUR/GBP to go down, meaning choosing between EUR/USD or GBP/USD, perhaps a very slight edge to choose Long GBP/USD.


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  • #23,943
  • Jul 26, 2011 9:53pm Jul 26, 2011 9:53pm
Bearish engulfing candle in H1 TF.. Possible retracment in a making..
1.446x seems nice support..

Sonic
  • #23,944
  • Edited 10:20pm Jul 26, 2011 9:54pm | Edited 10:20pm
EJ:

H4- uptrend and poised for break up. Might pull down a bit first.
M30- PA Wave long yesterday. Has twice pulled back, but not quite close enough to the EP level from yesterday.

So, if PA does pull back more, 112.75-112.62 area, I am thinking to enter long. It would be an entry at the same area as one might have entered yesterday.

Daily- shows possibility for end of week PA in 115.xx area.
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  • #23,945
  • Jul 26, 2011 10:02pm Jul 26, 2011 10:02pm
Quoting traderathome
EJ:

H4- uptrend and poised for break up. Might pull down a bit first.
M30- PA Wave long yesterday. Has twice pulled back, but not quite close enough to the EP level from yesterday.

So, if PA does pull back more, 112.70-112.75 area, I am thinking to enter long. It would be an entry at the same area as one might have entered yesterday.
Wow, someone is talking about pullback, bias and stuff..

Bravo..

Sonic
  • #23,946
  • Jul 26, 2011 10:24pm Jul 26, 2011 10:24pm
Quoting sonicdeejay
Bearish engulfing candle in H1 TF.. Possible retracment in a making..
1.446x seems nice support..

Sonic
EURUSD DAILY reaches fibo 61.8%.This is a resistance!
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  • #23,947
  • Jul 26, 2011 10:35pm Jul 26, 2011 10:35pm
Quoting lirongguang
EURUSD DAILY reaches fibo 61.8%.This is a resistance!
Could be, or could not be. The Weekly range high is located near the FR 79% level. PA could be up there by the end of the week. Unless the US debt ceiling issue is sooner resolved, and in such a way as to keep current credit ratings, the Market can easily get the price up there in three days.
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  • #23,948
  • Jul 26, 2011 10:37pm Jul 26, 2011 10:37pm
Quoting traderathome
EJ:

H4- uptrend and poised for break up. Might pull down a bit first.
M30- PA Wave long yesterday. Has twice pulled back, but not quite close enough to the EP level from yesterday.

So, if PA does pull back more, 112.75-112.62 area, I am thinking to enter long. It would be an entry at the same area as one might have entered yesterday.

Daily- shows possibility for end of week PA in 115.xx area.

TAH, I am so hoping your comment will be true soon in regards to EUR/JPY "Daily- shows possibility for end of week PA in 115.xx area."

My wanting is to be above 116.
Vision may be more blurred whenever I am currently holding a position that is out of touch.
  • #23,949
  • Edited 11:11pm Jul 26, 2011 10:48pm | Edited 11:11pm
Quoting foxybunny
TAH, I am so hoping your comment will be true soon in regards to EUR/JPY "Daily- shows possibility for end of week PA in 115.xx area."

My wanting is to be above 116.
Vision may be more blurred whenever I am currently holding a position that is out of touch.
Setting aside technical analysis and considering just the logic of it.......

......the "Market" stands to make the most money by continuing to get the price of EU and EJ up as high as reasonable (top of weekly range?) during the interim time it is taking the US to pussyfoot around the debt issue. Because once the issue is settled, if in such a way as to maintain credit ratings, it becomes a huge plus for USD while throughout all this time the euro is still sucking fumes! Things could reverse quite quickly and dramatically. If the "Market" is considering this, it will contine the rise in price while it has the excuse, so should the tables turn, they will be closing longs and shorting at nice high prices with a greater distance to fall,.....and with greater profits made, and to be made. The rise could continue on into next week if the US debt issue goes the full distance before being resolved, maybe even longer if the "solution" comes with issues that might adversely affect credit ratings. Just my take on it.

Also, remember that the central banks agreed to help keep the yen from becoming too strong, stressing Japan's recovery efforts. Lately, both EJ and UJ have fallen. The central banks, including BOJ could anytime intervene and cause a whip upwards on either of these pairs.

There! Now let's see how much flak I get for talking bull!
  • #23,950
  • Jul 27, 2011 1:12am Jul 27, 2011 1:12am
EU lower high seen..

Where have my CT swimmers gone?

Sonic
  • #23,951
  • Jul 27, 2011 1:24am Jul 27, 2011 1:24am
Quoting sonicdeejay
EU lower high seen..

Where have my CT swimmers gone?

Sonic
sleeping .. while aligater hunting
born to speculate
  • #23,952
  • Jul 27, 2011 1:29am Jul 27, 2011 1:29am
Quoting sonicdeejay
EU lower high seen..

Where have my CT swimmers gone?

Sonic
in the e/j small pond. tp 112.29.
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  • #23,953
  • Jul 27, 2011 2:48am Jul 27, 2011 2:48am
Quoting ott256
in the e/j small pond. tp 112.29.
Hi,

I am sell 112,98, now SL on BE+13, 1.TP close on 112,52....2.TP 111,56....but there are UP H1 trend line
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  • #23,954
  • Jul 27, 2011 3:05am Jul 27, 2011 3:05am
Quoting sonicdeejay
Bearish engulfing candle in H1 TF.. Possible retracment in a making..
1.446x seems nice support..

Sonic
I agree with u,but now is a down trend.
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  • #23,955
  • Jul 27, 2011 3:12am Jul 27, 2011 3:12am
Quoting lirongguang
I agree with u,but now is a down trend.
I thought it's time to short EU.
Short at 1.4478. SL above 1.4535, quite late entry from sonicR setup.
  • #23,956
  • Jul 27, 2011 5:07am Jul 27, 2011 5:07am
GU Short:
A CT short for GU. Good fib confluence around half number.
Watching it like a hawk.
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  • #23,957
  • Jul 27, 2011 5:28am Jul 27, 2011 5:28am
Quoting sonicdeejay
Bearish engulfing candle in H1 TF.. Possible retracment in a making..
1.446x seems nice support..

Sonic
7 hrs later..

TP1 hit at 1.4465..

Bull makes $$, Bear makes $$.. Only pigs got slaughtered..

Sonic

P.S I am still bullish bias..
  • #23,958
  • Jul 27, 2011 5:52am Jul 27, 2011 5:52am
GU short update:
I closed half @ +30 pips. SL @ BE +1.
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  • #23,959
  • Jul 27, 2011 6:12am Jul 27, 2011 6:12am
Quoting ott256
in the e/j small pond. tp 112.29.
Nice trade...I'm very new the thread so I'm really working on spotting the waves, etc. I marked first chart up last night on one scenario on EJ.

My "If/then" plan was... " if a HL forms here at the Dragon and the break out of the dragon is below the DPV (which is also below Round number 113.00) I would go short. If a HH and HL formed I would look for long."

Wish I would have stayed up to watch it unfold in real time. Maybe it was luck, but I think more a powerful trading system.
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  • #23,960
  • Jul 27, 2011 6:33am Jul 27, 2011 6:33am
Quoting Donkey
... I marked first chart up last night on one scenario on EJ...
112.26 and then 112.03 are levels to watch ... break and hold below 112 could mean 600 pip drop in the works ... not bullish this pair until a close above 34 ema.

-DD
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