Sonic R. System

AU:

Might be getting close, too.

Market is not horizontal, it has slope on every TF . That's why this set up is right.
Regards

What setup? Please, at least post the ID of the pair you are referring to. A chart showing all, would even be better.

thx tah. gbpjpy trade also worked and got 73 additional pips. tp 124.36.

i don't use pivot indi and volume anymore. trading just with price, dragon, levels.

EU Short trade closed:
Second half closed @ 1.3935. +121

GU Short:
After the nice move up GU showed a weak bar at the top of H1 channel near to resistance. Not a sonic entry, no wave to draw. Already moved SL @ BE +1 hoping to reset today move.

UJ:

This is a long setup. Just under an hour before the USD release. Maybe price will be pulled a bit down again (a better entry) before the release.

AU:

Almost there. PA hit the TL.

GU:

Possible short setup nearing completion.

Market Comment:

In less than 30 minutes, Fed Chairman Bernanke speakes. This is a high impact event. Already some pairs seem to be jittery on the blocks, maybe slightly jumping the gun.

Be careful of your SLs! This event could come with a generous dose of the market's best whipsaws, the market players looking to stop other traders out to create increased liquidity for their own orders to get filled.

If Sonicdeejay were here, I am sure he would say, regarding SLs on this event, "Keep them wide." The only other way I know of to trade such an event is to not be in the trade until enough of the dust settles for you to have increased assurance that the whips are over and done with. On the other side, there might not be any whips at all. No one knows.

Use your own best judgement.

GU:

Setup complete.

AU:

Setup complete.

NU:

Getting close to a short setup.

Market Comment:

Less than 5 minutes to go. Wish Sonic were present with any last minute words; ddaytrader, too.

Anyway, the way things have been going this past hour, today could turn out as a remarkable day in the market.

Be careful, Sonikers. And good fortune to you.

Regards,
-tah

so........

GU Short update:
Half closed. +90
Wave have good confluence at bottom.
Let the market decides.

Geezz I wonder why ?

Could it be that an area where price leaves quickly after a little talk of price between sellers and buyers (imbalance) might act as s+r later on ? pic 2 was posted on page 1740.

Congrats dksolo

H.

Anyway not Sonic wave related - just me and my crazy lines around some price action levels.

Great post, we mark out key S&R and watch how the waves react to them and enter in their directions

Hans, you are being cryptic again. Let me see if I can decipher this. By "inbalance" or imbalance, you simply mean the existence of more volume for one side of orders, than for the other side. So, if price is moving down, and constructs one of those "areas", you are saying there the price ran into a situation where more buy volume existed than sell volume, i.e., imbalance, so price stopped dropping. Ok, but what keeps the price moving up and down in those small ranges for a time? Were the "up" moves during consolidation, the buyers buying? And eventually, all the buyers bought, and the sellers no longer had an imbalance due to heavy buy orders, but instead had the imbalance on their side, continued heavy sell orders, which caused the price to finally drop thru the area?

And if that is so, then why consider a later rise to such an area to be the place to short, before a SonicR short setup? How does the trader know that the buyers won't overcome the sellers this time, and with the imbalance in their favor, the price continue to move up?????

Please share what insights you have that will answer these questions.

Thanks,
-tah

UJ:

Example of PA waves.

First leg of first wave thru Dragon; good (ref. Basber). Later, PA leg #3 breaks out (SonicR long). Then PA retraces to SR and bounces, affirming the potential for further movement long.