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Sonic R. System

  • #28,101
  • Nov 16, 2011 12:48am Nov 16, 2011 12:48am
Quoting traderathome
I see some "initializing" volume at the lows now, during Frankfurt Open just prior to London Open. It could be the beginnings of loading up longs at the lows. I have taken Sonic R. entry long on M5 based on this.
Trade completed for 78 pips profit.
Attached Image (click to enlarge)
Click to Enlarge Name: nov 2011 - 009.gif Size: 29 KB
  • #28,102
  • Nov 16, 2011 12:49am Nov 16, 2011 12:49am
Gay, missed the huge movement.. Well, still entered the trade (just got back from teaching). No stopping volume yet to indicate a sell. ( I only look at 15 min chart)
  • #28,103
  • Nov 16, 2011 12:56am Nov 16, 2011 12:56am
Quoting hunter101
Gay, missed the huge movement.. Well, still entered the trade (just got back from teaching). No stopping volume yet to indicate a sell. ( I only look at 15 min chart)
If "up" is the direction, there should be a pullback to some support (maybe the whole number area at 1.3500) for the next group of BBs to join in (US session?),.....maybe.

On the other hand, maybe good US news is expected (high impact items in 4-5 hours), and the price is being taken up ahead of time to allow a selloff from a higher mark.

If PA pulls back to around 1.3500 area, well before the US releases, it might indicate second staging for next leg up. But still, this would not invalidate the possibility of a later selloff from whatever highs are attained before the high impact USD releases come.
  • #28,104
  • Nov 16, 2011 1:01am Nov 16, 2011 1:01am
Quoting traderathome
Trade completed for 78 pips profit.
great to have you back TAH !!

I started on first bar above the dragon, @3486, managed to get 45 pips on this trade..
Patience is the key.
  • #28,105
  • Nov 16, 2011 1:18am Nov 16, 2011 1:18am
Quoting traderathome
I see some "initializing" volume at the lows now, during Frankfurt Open just prior to London Open. It could be the beginnings of loading up longs at the lows. I have taken Sonic R. entry long on M5 based on this.
Nice live trade tah
  • #28,106
  • Nov 16, 2011 1:59am Nov 16, 2011 1:59am
Out of boredom, I've constructed this senario in my mind (see chart below).....

At some point before US open, BBs suddenly drop PA towards lower whole number (base of FE study), then PA gets run up to FE 100 level, which is over 100+ pips!

At that point, and if all happens ahead of the market response to the USD high impact releases, we have PA at a previous S/R level and near the range high for the day,....a good place for a new drop?

All hypothetical.
Attached Image (click to enlarge)
Click to Enlarge Name: nov 2011 - 010.gif Size: 30 KB
  • #28,107
  • Nov 16, 2011 2:20am Nov 16, 2011 2:20am
I like this user who is always watching the thread
I like his username to be exact. I think its ironic.
Attached Image
cut losses short, let profits run.
  • #28,108
  • Nov 16, 2011 2:32am Nov 16, 2011 2:32am
LOL.
Guilty as charged
.... laughing all the way to the bank
  • #28,109
  • Nov 16, 2011 2:44am Nov 16, 2011 2:44am
Reentered long EURO..
Attached Image
fokyou forexfactory
  • #28,110
  • Nov 16, 2011 2:47am Nov 16, 2011 2:47am
Quoting traderathome
Out of boredom, I've constructed this senario in my mind (see chart below).....

At some point before US open, BBs suddenly drop PA towards lower whole number (base of FE study), then PA gets run up to FE 100 level, which is over 100+ pips!

At that point, and if all happens ahead of the market response to the USD high impact releases, we have PA at a previous S/R level and near the range high for the day,....a good place for a new drop?

All hypothetical.


We had a near 120 pips run.. 50% retracement is possible..


Somehow need to create higher low..




Sonic
  • #28,111
  • Edited 3:22am Nov 16, 2011 3:07am | Edited 3:22am
same ej

..PA almost stopped me out
Attached Image
fokyou forexfactory
  • #28,112
  • Nov 16, 2011 3:33am Nov 16, 2011 3:33am
Quoting sonicdeejay
We had a near 120 pips run.. 50% retracement is possible..


Somehow need to create higher low..




Sonic
This PA might be creating that higher low. On the other hand, maybe the Bears are going to dominate today. Possibly the medium impact EUR release was unfavorable. So, if the upcoming USD high impact releases are also unfavorable, PA might go back up. But if the USD high impact releases are favorable, PA might plummet today.

Volume is offering no clues that I can see.

Too early to short or long.....?
Attached Image (click to enlarge)
Click to Enlarge Name: nov 2011 - 011.gif Size: 33 KB
  • #28,113
  • Nov 16, 2011 4:39am Nov 16, 2011 4:39am
Quoting traderathome
This PA might be creating that higher low. On the other hand, maybe the Bears are going to dominate today. Possibly the medium impact EUR release was unfavorable. So, if the upcoming USD high impact releases are also unfavorable, PA might go back up. But if the USD high impact releases are favorable, PA might plummet today.

Volume is offering no clues that I can see.

Too early to short or long.....?
Too early to long? But PA still rulz.. Am long bias


Sonic
  • #28,114
  • Nov 16, 2011 4:47am Nov 16, 2011 4:47am
Quoting sonicdeejay
Too early to long? But PA still rulz.. Am long bias


Sonic
if you would look Monthly and weekly , you wouldnt be so bullish


aligater
born to speculate
  • #28,115
  • Nov 16, 2011 4:47am Nov 16, 2011 4:47am
PA is still "undecided" so far as I can tell. It could go up or down. The trend is down/Bearish. So, following that lead as a possibility....

....maybe the market is expecting the USD high impacts to be favorable to the dollar, and more downside is to come. It would explain the moves up so far, attempts at getting a drop to start at a higher starting price.

In the chart, the FE study (as PA stands currently) offers several TPs. The FE levels straddling the 1.3400 whole number look like good possibilities. And a really good move down could find PA near the range low for the day/FE 162% level/half number.

It looks like the market is waffling until the USD releases. Then, anything can happen, up or down. This is just one way of looking at the "down" view.
Attached Image (click to enlarge)
Click to Enlarge Name: nov 2011 - 012.gif Size: 34 KB
  • #28,116
  • Nov 16, 2011 4:54am Nov 16, 2011 4:54am
Quoting aligater
if you would look Monthly and weekly , you wouldnt be so bullish


aligater
I agree.. And thx for the reminder..


Am still long Bias until today low broken..


Sonic
  • #28,117
  • Edited 5:41am Nov 16, 2011 5:20am | Edited 5:41am
It may be premature on my part, but viewing that start candle for the US session and considering that the current trend is still Bearish, I have chosen to go Sonic R. M5 "short" as shown in the attached chart.
Attached Image (click to enlarge)
Click to Enlarge Name: nov 2011 - 013.gif Size: 29 KB
  • #28,118
  • Nov 16, 2011 6:29am Nov 16, 2011 6:29am
Quoting traderathome
It may be premature on my part, but viewing that start candle for the US session and considering that the current trend is still Bearish, I have chosen to go Sonic R. M5 "short" as shown in the attached chart.
my cycles says there are a LOW- candle in 3 hours and a HIGH-candle in around 7 hours from now in the TF = H 1
  • #28,119
  • Nov 16, 2011 6:50am Nov 16, 2011 6:50am
Dragon is straight..
Vol isn't supportive...

No Bull Nor Bear


Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: shi.gif Size: 73 KB
  • #28,120
  • Nov 16, 2011 6:55am Nov 16, 2011 6:55am
Hi SonicDeejay..,

Thanks a lot for the thread.., i've started reading the thread from the beginning., it is huge.., don't know how long it would take me to finish reading, but thanks again for being so open-hearted in helping.

paapi
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