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Sonic R. System

  • #25,821
  • Aug 31, 2011 9:44pm Aug 31, 2011 9:44pm
Quoting traderathome
No EUR news. No JPY news. And a sudden spike up and back. Oh, I guess it is just some farmer decided to suddenly buy some, in increments, and that made the price slide up. Ha! And then his neighbor decided to sell some, in increments, and that made the price come back down. Ha! Or, maybe the S&R lines jumped off the chart and started pushing order buttons!.....first one way, then the other way!

Get real, folks.

Quoting foxybunny
There were Red news during this time.
AUD Private Capital Expenditure q/q
AUD Retail Sales m/m

This type of Red news even though not for JPY directly, as it is AUD and there are no other news around, early AUD news do affect cross rates such as JPY.

TAH, did you miss my above post ??

I did agreed with you on this news point.
I did mentioned there was Red AUD news that could affect JPY cross which you may missed this AUD news.

And if you review EUR/JPY around the time you mentioned over few weeks, you will see there is some spikes during these times, so it is nothing out of the ordinary.
There maybe some news during these trading times previous weeks and also these trading times may coincide with Asian traders just settle in.
  • #25,822
  • Aug 31, 2011 9:54pm Aug 31, 2011 9:54pm
Quoting traderathome
EJ:

Entered short, EP= 110.38...
Quoting traderathome
... laugh all you want. I am already in profit. ...
How, pray tell, are you in a profit when price has not traded your side of 110.50 in several hours now? It is currently 110.60, which in my world would be a -22 pip open loss.
  • #25,823
  • Aug 31, 2011 9:56pm Aug 31, 2011 9:56pm
Quoting traderathome
I am already in profit.
And this is even more looking like it is going to be tanked. Some people trade on fundamentals, others on technicals, some on both. But many fail to accept the psycology in trading. Sometimes you have to get past the S&Rs, TLs, consolidation zones, etc, and SEE WHAT THE HELL IS HAPPENING BEFORE YOUR VERY EYES.
Quoting traderathome
EJ:

Entered short, EP= 110.38. I have been waiting for price to come up to the 89 sma line, which it sometimes does in the asian session if there is likelyhood of an opposite move later.

After entry, price continued on up, about 5 pips higher than I estimated. But the kicker is how fast the Market dropped the price after it was "finished" up there!

I intend to move the SL lower, after things settle out. Meanwhile, if volatility causes price to pass 110.45, I'll likely raise the SL to just above FE (a) and leave it there until, hopefully,...
TAH, for this specific E/J Short trade, you mentioned you are already in profit.
Don't get how you can calculate this profit.
As you entered Short 110.38, and the associated chart you posted at the time of the post saying "I am already is profit" was showing EJ higher around 110.57.

So how can you be in profit for this specific trade ??


We are not talking about earlier EJ short trades that you may have in profitable positions currently.
  • #25,824
  • Aug 31, 2011 9:58pm Aug 31, 2011 9:58pm
Quoting ddaytrader
How, pray tell, are you in a profit when price has not traded your side of 110.50 in several hours now? It is currently 110.60, which in my world would be a -22 pip open loss.

DD, how come we both post mentioning same thing around same time!!

See I am laughing again.
  • #25,825
  • Aug 31, 2011 10:03pm Aug 31, 2011 10:03pm
Quoting foxybunny
DD, how come we both post mentioning same thing around same time!!

See I am laughing again.
Because TAH has some explaining to do, because there is no way he is in a profit if short from 110.38. Right now I see the EJ at 110.63. Still a loss in my book.
  • #25,826
  • Aug 31, 2011 10:15pm Aug 31, 2011 10:15pm
Quoting ddaytrader
Because TAH has some explaining to do, because there is no way he is in a profit if short from 110.38. Right now I see the EJ at 110.63. Still a loss in my book.
Making a wild guess that he had a second SC after price went above initial SL, added EJ Short at higher price near round number, with EP2 Short around 110.95.
That 2nd SC trade or other earlier trades would be profit.
If that is the case, he may not have mentioned the later entry.
But here we are not talking about other trades.
Hmmm ... freudian slip.


TAH, for your this specific EUR/JPY Short, I did not say whether it is a good or bad entry. I only mentioned to you about AUD news.
  • #25,827
  • Aug 31, 2011 10:15pm Aug 31, 2011 10:15pm
waiting for possible long position, am i making sense here? inputs pls...
1 posibility of bounce near s/r
2 divergence
Attached Image (click to enlarge)
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  • #25,828
  • Aug 31, 2011 10:21pm Aug 31, 2011 10:21pm
Quoting foxybunny
Making a wild guess ...
He needs to answer.
  • #25,829
  • Aug 31, 2011 10:28pm Aug 31, 2011 10:28pm
Quoting alrightfrank
waiting for possible long position, am i making sense here? inputs pls...
1 posibility of bounce near s/r
2 divergence

Having same scenario as you on E/U.
Perhaps better to wait for more active session, now seem quiet.
  • #25,830
  • Edited Sep 1, 2011 12:08am Aug 31, 2011 11:52pm | Edited Sep 1, 2011 12:08am
As Sonic would say, "Told cha!"

Some outfits built themselves nice short positions. They ran the levels, resolving the imbalance at each to move up to the next, to where they had probably already placed sizeable short orders at their target high. Along the way they stopped out shorts, and triggered longs into the market, both opportunities to increase their shorting. And they did the same back down, stopping out the longs they triggered into the market, forcing sells to close, building momentum down to assure their short position started with good profit.

This is the same move that some Market "players" pulled on UCad yesterday, but up instead of down.

How was I in profit? Did you miss....

"In concert with posting my comments on the sudden rise in EJ and UJ, I had moved SL above range high for day. Glad I did. EJ came with another spurt drive up. I entered short SC near the top of yesterday range, EP= 110.83." (post #25810)

Two entries, 110.38+ and 110.83+, say 110.38 and 110.84, or an average of 110.61. At the time of that posting the price had already returned to that price and lower.

And now the price is back where it was when all this started, the area of my first entry.

......told cha!
-tah
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  • #25,831
  • Sep 1, 2011 12:27am Sep 1, 2011 12:27am
Hi all traders, here is average daily range for EU pair every day for y. 2010 - for your orientation. It is interesting for me - for example max range 340-350p , minim. range only about 50 p.
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  • #25,832
  • Sep 1, 2011 12:35am Sep 1, 2011 12:35am
Quoting ddaytrader
He needs to answer.

Quoting traderathome
As Sonic would say, "Told cha!"

"In concert with posting my comments on the sudden rise in EJ and UJ, I had moved SL above range high for day. Glad I did. EJ came with another spurt drive up. I entered short SC near the top of yesterday range, EP= 110.83." (post #25810)

Two entries, 110.38+ and 110.83+, say 110.38 and 110.84, or an average of 110.61. At the time of that posting the price had already returned to that price and lower.

And now the price is back where it was when all this started, the area of my first entry.

......told...

DD, told cha my Wild Guess and TAH responded.

Yes, missed that post.
With your chart posted with price around 110.57, and your average price is 110.61, at best it was near break even at that point of time.
  • #25,833
  • Sep 1, 2011 2:04am Sep 1, 2011 2:04am
took long position...
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  • #25,834
  • Sep 1, 2011 2:14am Sep 1, 2011 2:14am
Me too
  • #25,835
  • Sep 1, 2011 2:17am Sep 1, 2011 2:17am
Oops picture is here
Quoting Akkersson
Me too
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  • #25,836
  • Sep 1, 2011 2:43am Sep 1, 2011 2:43am
Quoting Akkersson
Oops picture is here
Out on BE

Day has not finished yet
  • #25,837
  • Sep 1, 2011 4:26am Sep 1, 2011 4:26am
me too i was long on USD-CHF this morning on the same setup but market hit my SL
  • #25,838
  • Sep 1, 2011 6:02am Sep 1, 2011 6:02am
Bye Fellas..will be away for a week..
I will come in once I have a net connection..

http://i1.trekearth.com/photos/4338/sq3-700px.jpg


Sonic
  • #25,839
  • Sep 1, 2011 6:10am Sep 1, 2011 6:10am
Quoting sonicdeejay
Bye Fellas..will be away for a week..
I will come in once I have a net connection..

http://i1.trekearth.com/photos/4338/sq3-700px.jpg


Sonic
Thank you for your care. Heve a good time Sonic :-)

Akkersson
  • #25,840
  • Sep 1, 2011 6:14am Sep 1, 2011 6:14am
Quoting sonicdeejay
Bye Fellas..will be away for a week..
I will come in once I have a net connection..

http://i1.trekearth.com/photos/4338/sq3-700px.jpg


Sonic
Hi boys
Are you fine?
Can you give me the indicator for metatrader of S&R points?
I remember that Tah gave it to us few weeks ago
thanks
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