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Sonic R. System

  • #25,901
  • Sep 2, 2011 9:34am Sep 2, 2011 9:34am
GU:

Entered short, EP= 1.6200.
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  • #25,902
  • Edited 10:11am Sep 2, 2011 9:42am | Edited 10:11am
Quoting foxybunny
TAH, just saw that upcoming Monday 5-Sep is both USD and CAD Bank Holiday, you might want to close more whatever you have before the long weekend.
Long weekend means anything can happen, both upwards and downwards, like a trap.

Arhh, this could mean no overnight trade for me tonight then.
UCad:

Thanks for the reminder, foxybunny. Yeah, this one pissed me off so much getting stopped out on my earlier two part trade this week, that I set an ultra high (Range Week High) target area to take profit. I see that PA hit the Range Day High, now I wonder if it might soar thru the rest of the day. We'll see.
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  • #25,903
  • Sep 2, 2011 9:49am Sep 2, 2011 9:49am
AU:

Having adjusted the SL on this one when I did so on EJ yesterday, I am still open on the trade. And it looks like it finally might be going places. I particularly like that the 89 sma trend line is finally turning down, and that the market spiked the price up to it just before beginning this run down.

Even if TP2 is not reached today, I bet it will be (and more) next week. If it is not reached today, then next week I'll have to see about maybe new, lower TPs for this trade.
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  • #25,904
  • Sep 2, 2011 10:19am Sep 2, 2011 10:19am
Quoting foxybunny
Yes, Daily prices been down for last 3 days, so MACD on Daily expected to have crossed down already.
As prices on daily been more in range last week and more, MACD on Daily seem more bunch up, less detail on Daily MACD.

So what is your point here about the daily MACD ??

MACD on all different timeframes will show different calculations.
I just pointing out on a shorter timeframe such as M30, as we are short-term traders, to see a possible early signal for a change later on.
It may happen or it may not happen.
Just giving you a different view.
Thot...
Actually, I should not be talking about what the MACD is doing, Daily chart or otherwise. Neither of signs of divergence/convergence. This stuff is not of Sonic R. I need to focus on PA waves and SR, and learn to get a feel for market action that way.
  • #25,905
  • Sep 2, 2011 10:24am Sep 2, 2011 10:24am
EU:

The market walked the price back up multiple SR levels, before beginning the bigger run down after the USD NFP release. It should bode well for ongoing downside, imho, into next week.

H4 shows there is a lot of potential left to go in this recent trend down. It is particularly good that the 89 sma Trend line has started down.
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  • #25,906
  • Edited 1:16pm Sep 2, 2011 10:27am | Edited 1:16pm
Quoting ddaytrader
Also, if the AU stages a rally from say the 1.069x level, it would, if I am not mistaken, set up a Hans-style fib ABC as price will have returned to the prior BO level. Of course, I am not Hans, so I do not mean to speak for him. However, I always like to see the opposite side of my trade.

Hi DD,

In my book it already happened earlier on for a long trade to tp1 -then reversed - So I´ll agree with your shorts.

Regards,
H.
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"The future is already written in the past"
  • #25,907
  • Sep 2, 2011 10:30am Sep 2, 2011 10:30am
Quoting traderathome
Actually, I should not be talking about what the MACD is doing, Daily chart or otherwise. Neither of signs of divergence/convergence. This stuff is not of Sonic R. I need to focus on PA waves and SR, and learn to get a feel for market action that way.
Excellent TAH, you enjoy the long weekend.
  • #25,908
  • Sep 2, 2011 10:48am Sep 2, 2011 10:48am
Quoting ddaytrader
I hope it goes well as I am short the AU also. I also entered the futures short on the break of yesterday's low with a SL at yesterday's high. I'm playing for a significant retracement of the rally off the July low, and possibly a retest of or break of that low.

DD & nando,

Attached my A/U H1 chart.
The price after NFP is now near the Gold Up Trendline that is still holding for now.
It has been drawn a few days ago, not drawn today.

Based from H4.

See whether it can hold over the weekend.
If trendline can still hold over the weekend, still Long.
If breaks trendline, then a big down with potential target on H4 chart showing previous "possible double bottom on H1".


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  • #25,909
  • Sep 2, 2011 10:57am Sep 2, 2011 10:57am
UChf:

I think the "long" party has begun!

Nice hammer candle on H4. Hammer candle action pivots on major support area. PA subsequent to hammer candle is very bullish. Even with the market having taken the price down, the 89 sma is still angled up. And the fact of the market "takedown" of the price, bodes well for future upside.
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  • #25,910
  • Sep 2, 2011 11:16am Sep 2, 2011 11:16am
Quoting traderathome
EJ:

There is my target area for today.

EJ is hitting near your target area at Support zone.
  • #25,911
  • Sep 2, 2011 11:16am Sep 2, 2011 11:16am
UChf:

Maybe some afternoon pips. If not, can close probably about where I started.

Entered long, EP= 0.7860.
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  • #25,912
  • Sep 2, 2011 11:20am Sep 2, 2011 11:20am
Quoting foxybunny
EJ is hitting near your target area at Support zone.
EJ:

Waiting to see if it breaks the lower whole number and lands in the 108.80s, where I plan to close EP2 if it happens.
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  • #25,913
  • Sep 2, 2011 11:24am Sep 2, 2011 11:24am
Quoting traderathome
GU:

Entered short, EP= 1.6200.

TAH, what do you think about Long G/U now ?

If price close above 1.6212 within this M15 bar, I may be tempted to go Long, but got long weekend to consider as well.

Last week I over-traded, and this week I under-traded.
Feel like a last trade for the week maybe.

Edit: Last M15 bar closed around 1.6203. No entry. Time for bed.
  • #25,914
  • Sep 2, 2011 11:39am Sep 2, 2011 11:39am
Quoting foxybunny
TAH, what do you think about Long G/U now ?

If price close above 1.6212 within this M15 bar, I may be tempted to go Long, but got long weekend to consider as well.

Last week I over-traded, and this week I under-traded.
Feel like a last trade for the week maybe.

Edit: Last M15 bar closed around 1.6203. No entry. Time for bed.
Admittedly, it is not acting bearish, but neither bullish. Consolidation I think, and for a run down I think. More today? I don't know.

PA is off the highs and the Dragon is still favoring down angle. I don't think it would take much downside PA to reveal the Bear. The longer the BBs hold the price up, the more shorts at these prices they can add ahead of a Bear run, whether that starts today, or next week. There is definately the potential for this to convert to "long", but I don't think that is happening. I think the BBs are taking full advantage of what altitude they've got, and are shorting.

This is all speculation, isn't it? We'll know which way it breaks, when it breaks.
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  • #25,915
  • Sep 2, 2011 11:55am Sep 2, 2011 11:55am
Quoting nando_rich
Hi sonicers:

Here my sonicr classic today....

we'll see where it goes.

Regards.
All closed...no more momentum and it's late friday sesion.

The sesion is over and i'm daytrader...so i don't let trades opens for the next day usually.

Regards,
Nando.
"Being picky only cost your time - not MONEY"...Hans
  • #25,916
  • Sep 2, 2011 11:57am Sep 2, 2011 11:57am
Quoting nando_rich
All closed...no more momentum and it's late friday sesion.

The sesion is over and i'm daytrader...so i don't let trades opens for the next day usually.

Regards,
Nando.
Yeah. I've other stuff to accomplish today, too. But, UCad is rising, and I might close it. So, while waiting to see how high it goes, I'm pondering others. No more trades, just what to close.
  • #25,917
  • Sep 2, 2011 12:13pm Sep 2, 2011 12:13pm
Quoting traderathome
UCad:

Entered long (again), EP= 0.9778.
UCad:

Manually closed trade.

Close= 0.9828, minus EP= 0.9778, minus spread, equals net gain of 46 pips.
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  • #25,918
  • Sep 2, 2011 12:59pm Sep 2, 2011 12:59pm
Quoting traderathome
EJ:

I have manually closed the first trade on this.
EP1= 110.38, minus close= 109.31, minus spread, equals net profit of 103 pips.

The second, higher EP= 109.83 is still active. I could be wrong, but I sense a pullback coming. I am not sure, so I am leaving half running. If the pullback comes, I might re-enter the first half.
EJ:

Manually closed second part of two part trade. Total trade is now closed.

EP2= 110.83, minus close= 108.92, minus spread, equals net profit of 186 pips
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  • #25,919
  • Sep 2, 2011 1:04pm Sep 2, 2011 1:04pm
Quoting traderathome
AU:

Entered short, EP= 1.0686.
AU:

Manually closed trade.

EP= 1.0686, minus close= 1.0650, minus spread, equals net gain of 31 pips.
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  • #25,920
  • Sep 2, 2011 1:11pm Sep 2, 2011 1:11pm
This week for me......

15 trades closed. 10 gained. 5 lost. Net gain of 472 pips. And 2 new trades running, 1 down 15 pips and the other up 4 pips, net (including spreads).

Have a good weekend, Sonikers!

Regards,
-tah
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