Sonic R. System

EU and GU, Caution!:

Right now there are asian session setups on these two. But, most frequently the asian session setups run flat, or reverse. With tomorrow being a US Bank holiday, the market will be less active. So, a key here might be to wait and see if PA makes it up thru next SR level (red line in the two charts) and comes back to test that level, before any entry.

If PA breaks up thru the SR, pulls back to test, then resumes move up, we'd have new and larger WAVEs, maybe for trades with a better chance of running true.

Asian session setups seduce, and frequently turn sour. Be extra cautious today.

thanks for your advices, i'm new to SonicR system and took the first Sonic trade yesterday +ve. I'm watching these two pair too... and EJ, if the PA reject by SR, i might go short on it... (ahem... i'm newbie on SonicR)..

NU:

Manually closed trade with 18 pips from EP to TP. When PA did not move up in a reasonable time after trade was opened, I lowered the SL to below leg 3 in the M5 SonicR setup, and let it run. This is not a BIG trade, but it is reasonable for something started outside of the London session. This is the kind of results one would accept from the asian session, and be happy the trade did not reverse.

In time, PA might pull back to SR and then run higher, involving the London session. So, it remains on watchlist.

EG:

Scouting for something non-USD, this is looking good. Yesterday, PA broke down thru TL and went back up to test it at the London open, then dropped about it's average range.

Starting with the asian session today, PA has been moved back up a modest 13 pips currently, putting PA just below the 0.8600 whole number. Overall, the Dragon and Trend are down, and this could set up as a SonicR short. If so, then EP might be just as PA moves down thru the SR area shown. From there, a 50 pip move down to range low mark.

Waiting for the London session.

BTW, if this does move down, there might also be a SonicR long for GU that would be better than for EU.

GU:

It's in a channel, and hugging the bottom of S&R right now. With high volume at the lows of the late London session yesterday (stopping volume), this could set up for a SonicR long trade today. I'd half expect either the Frankfurt or London BBs to start things off with a dip before driving it higher. If this happens, it gives us the WAVE so long as the dip does not go below the lower whole number (see projection using black lines in chart below). This is, of course, speculative. But when the early asian session kicked in the extra volume (blue bars in volume study), PA continued on up. So, from that viewpoint, as well as the look of EG, GU appears bullish.

AU:

Entered long, as a SonicR re-entry trade, since the original EP would have been earlier. Entry is made as PA pulls back down to SR.

Im in that trade as well.

EG:

Entered short. Weak M15 SonicR setup for short (flat Dragon and Trend), and this is an early entry as PA pulls back up just above whole number, accompanied by very high relative volume at the top of the pullback (possible stopping volume).

TAH, i'm followed u on the re-entry of AU and reach my TP 0.9745..+28pips ..thanks.
and i closed the EJ short before it reversed..

Nice little resistance on AU. ep at .9754......tp1 at 9788....sl at .9718

e/j short cls @ +50 pips, counter trend long upon TL BO, tight stops TP open.

Still on the trade, shifted SL 5 pips below .

Is a Gogo or a Nono now.

zhang..ur EJ long looks good now..

too early to tell, e/u testing 1.3400 but not breaking still.

let the market decide.

Manual close for 21 pips on the A/U. That e/u move down was a little worrying.

I think I am getting the hang of this.

AU:

Trade closed for 70 pips from EP to TP.

AU:

Re-entry on pullback to S&R.

GU:

The BBs have done a much better job of pulling the price down to the last significant lows on this pair, then on EU. So, my belief is the BBs are more focused on prepping this pair for a move up. PA continues to follow the TL down, more or less. Any SonicR move up now would place SR in the right spot for an EP.

GU:

Entered long.