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Sonic R. System

  • #30,081
  • Jan 30, 2012 1:18pm Jan 30, 2012 1:18pm
it's just an outlook... he stated that he wouldn't take a short so any newbie should know not to enter a trade until there's more liquidity when asia/london starts
  • #30,082
  • Jan 30, 2012 1:39pm Jan 30, 2012 1:39pm
@ master hans, cycle completed just as expected lol
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  • #30,083
  • Jan 30, 2012 1:53pm Jan 30, 2012 1:53pm
Quoting Dyekid217
it's just an outlook... he stated that he wouldn't take a short so any newbie should know not to enter a trade until there's more liquidity when asia/london starts
I don't see any harm in formulating theories as to what might take place, based upon relevant information - as long as you still stick to the bottom line which is the PA. We should consider ourselves lucky that TAH takes the time to post his thoughts on the subject. It certainly can do us no harm!

If you were to take away everything TAH has contributed to this thread, we would be hurting bigtime.

Keep those posts coming TAH
  • #30,084
  • Edited 3:11pm Jan 30, 2012 2:55pm | Edited 3:11pm
Overtrading will surely kill an account.. the longer you sit on your hands the better opportunities you will see rather than already being in a trade that's drawing down ur entire position=) will be interesting what the Euro will do within the coming months.

Will likely be posting a gold setup tonight.. hopefully dollar pairs will have some nice movement (look at all that news)

EDIT:volume has been extremely low accross ALL currency indices so stay sidelined please! this market is a sitting duck for now
  • #30,085
  • Jan 30, 2012 4:05pm Jan 30, 2012 4:05pm
Quoting hansma
Sometimes I wonder who you are doing this for...is it for the newbies or is it for yourself ???

Trade what the F....... charts tell you to trade...as per any system. Sonic or another system.

Speculations are what they are....just speculations.

Anyways thank you for your bedtime story. Good night

Regards,
H.
Hans, Lad ham være, du skal ikke være så hård ved ham...

Husk Jantelovens 10 bud:

1.Du skal ikke tro, du er noget.
2.Du skal ikke tro, at du er lige så meget som os.
3.Du skal ikke tro, at du er klogere end os.
4.Du skal ikke bilde dig ind, at du er bedre end os.
5.Du skal ikke tro, at du ved mere end os.
6.Du skal ikke tro, at du er mere end os.
7.Du skal ikke tro, at du dur til noget.
8.Du skal ikke le ad os.
9.Du skal ikke tro, at nogen bryder sig om dig.
10.Du skal ikke tro, at du kan lære os noget.
  • #30,086
  • Jan 30, 2012 4:19pm Jan 30, 2012 4:19pm
Quoting traderathome
UChf:

It looks from the chart that a long trade is setting up. We have a PA wave, but it might dog down and up again before things let loose. The yellow area is my planned EP, and it is because I see the Trend line leveling out now. A very good entry is when the Trend is near the EP zone, and you wait for PA to break the Trend line. In this case it may turn out that the Trend line is just several + pips beyond the end of the key candle out of the Dragon.

You can see the TL resistance. So, a breakout might stall while PA falls back to test it....
UChf:

My SonicR long triggered at EP= 0.9157 and closed at TP1= 0.9199 for 42 pips gain from EP to TP1.
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  • #30,087
  • Jan 30, 2012 4:22pm Jan 30, 2012 4:22pm
Quoting traderathome
EU:

From the chart it looks to be setting up for a short trade. This is pretty much the same story as with UChf in the post above, only short instead of long. And it might or might not go short. This is a very preliminary chart for in case it does go short. We just have to wait and see what happens.
EU:

My SonicR short triggered at EP= 1.3165 and closed at TP1= 1.3103 for 62 pips from EP to TP1.
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  • #30,088
  • Jan 30, 2012 4:35pm Jan 30, 2012 4:35pm
GU:

My GU SonicR short trade triggered at 1.5699 and did not made it down to TP1. There is currently a spike in price and volume at the top of a many hours run, so a turn down again might be impending. I am selecting TP2 as the primary target for today.
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  • #30,089
  • Jan 30, 2012 4:40pm Jan 30, 2012 4:40pm
Looks like a wonderful set of trades there TAH. Looks like a markup in GU Id say your spot on saying its bound to come down sometime
  • #30,090
  • Jan 30, 2012 4:44pm Jan 30, 2012 4:44pm
UChf:

Entered short (EP= 0.9169). With a USD high impact release coming today, this could be the beginning of a small advance preparatory move down (closing shorts/acquiring longs?).
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  • #30,091
  • Jan 30, 2012 6:16pm Jan 30, 2012 6:16pm
wasnt in on this trade but it would've been nice!
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  • #30,092
  • Edited 6:54pm Jan 30, 2012 6:28pm | Edited 6:54pm
Quoting Dyekid217
wasnt in on this trade but it would've been nice!
I took that trade for nice pips. PA now has price back up in the same EP area. The BBs might hold it up, closing longs and building short positions right up until the upcoming USD high impact release. That is speculative, of course. I am considering a short entry on M5 should we get a valid SonicR setup there. On the other hand, if the BBs hold the price up while preparing for the upcoming release, we might get a valid M15 SonicR short setup later.

Let the market decide.
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  • #30,093
  • Jan 30, 2012 6:48pm Jan 30, 2012 6:48pm
Quoting traderathome
UJ:

Second attempt at this also stopped out at 76.49 for 19 pips loss from EP to SL.

Over the past couple of years I've sworn to myself to forever ignore trading this pig. I'm swearing again, now!

The 19 pips is not the bother. The bother is that it's range stinks, it's spread to range ratio stinks, and it's market volume stinks. And this last issue allows the BBs to easily engage in whipping the price when they want to, which also stinks. I'm out and gone from it. Like the stock market, let the BBs and brokers play with themselves...

Dropped trading U/J (and G/J) long time ago as harder to read.

Your recent U/J M5 chart showed a possible stopping volume as you exit, meaning looking for long.

U/J do have nice long trends, and seem more suitable for longer trade trends than the short-term trading that is done here.

Better usage of reading U/J chart is for the purpose whether you want to choose to trade E/U vs E/J, or A/U vs A/J, etc.
  • #30,094
  • Jan 30, 2012 7:35pm Jan 30, 2012 7:35pm
my outlook on gold
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  • #30,095
  • Jan 31, 2012 12:18am Jan 31, 2012 12:18am
Quoting traderathome
UChf:

Entered short (EP= 0.9169). With a USD high impact release coming today, this could be the beginning of a small advance preparatory move down (closing shorts/acquiring longs?).
UChf:

Manually closed at 0.9133, just above intended TP, for 36 pips gained from EP to close.
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  • #30,096
  • Jan 31, 2012 12:21am Jan 31, 2012 12:21am
Anyone seen big vol kicking in eu 15m TF??

Sonic
  • #30,097
  • Jan 31, 2012 12:28am Jan 31, 2012 12:28am
yup heading north.

Here's my gold trade doing nicely... i think usd pairs will offer some good trades today
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  • #30,098
  • Edited 1:40am Jan 31, 2012 12:37am | Edited 1:40am
Quoting sonicdeejay
Anyone seen big vol kicking in eu 15m TF??

Sonic
No outstanding volume on M15. However, EU/GU/AU are all being "worked" upwards, and UChf is being "worked" downwards. And this is before today's USD high impact release, which BTW is followed tomorrow by more USD high impact releases. Makes you kinda wonder why the "market" is so eager to push all these prices ahead of all these USD releases.

Right now this all has the look of BBs running stops with everything they are worth. We'll learn soon enough.

Attached is AU pic. showing high volume drive up towards last week's highs (1.0675 area) on a news vacuum with the noteworthy exception of the multiple future USD high impact release coming around the corner! By the time the market completes this AU drive up it may flush out the average daily range even before the first USD release!

Edit: Add 2nd pic. AU just attained the range high mark; over 100 pips and the day is young and there is no news to account for it,.....oh, except for multiple USD high impact releases coming! Now, if the BBs are closing longs and opening shorts, they'll hold up the price as best they can while they do this.
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  • #30,099
  • Jan 31, 2012 1:23am Jan 31, 2012 1:23am
Quoting sonicdeejay
Anyone seen big vol kicking in eu 15m TF??

Sonic
Sonic, we might just now be getting some EU M15 stopping volume. Price has not yet quite achieved last weeks high, but it might; it is close enough to get there. A Double Top to greet the flurry of USD high impact releases? Sure looks like the market is in a panic to claw it's way up (closing longs and opening shorts?).
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  • #30,100
  • Jan 31, 2012 1:30am Jan 31, 2012 1:30am
Quoting traderathome
Sonic, we might just now be getting some EU M15 stopping volume. Price has not yet quite achieved last weeks high, but it might; it is close enough to get there. A Double Top to greet the flurry of USD high impact releases? Sure looks like the market is in a panic to claw it's way up while closing longs and opening shorts (speculation).
I agree.
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