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Sonic R. System

  • #30,101
  • Edited 5:01am Jan 31, 2012 3:55am | Edited 5:01am
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 (closing longs and opening shorts?).
I agree, as I mention in my weekly "guess" PPZ is near 1.320x.. If euro can't break that level strongly.. We might see the retracement..

http://www.forexfactory.com/showthre...60#post5334760


I had a long with near +70 pips..


Sonic
  • #30,102
  • Jan 31, 2012 4:16am Jan 31, 2012 4:16am
EU:

My take on the market is that the big players know full well that the multiple USD releases coming are going to be good for the USD. And this is why the market seems in a panic to pump EU, GU, AU etc, and torpedo UChf etc.; it is frantically closing old positions and opening new ones in the opposite direction that favor the USD.

Support for my take is that these pairs are undergoing very large moves already, considering the day is still very young; and there is no news to justify it. AU has exceeded it's day range already!

As far as entering a EU trade goes, there is not yet any SonicR setup. Even if there were, the market is extremely volatile and we have not yet heard from the US BBs. They carry a huge fist full of dollars, and can easily whipsaw the price if they want to. And I half expect they will want to. And if they do, it could be a substantial whipsaw. So waiting all this out might be sensible.

I can hardly imagine, after all the price pumping so far, that the market will not achieve a bonafide Double Top. It just seems too outlandish that the market would forego such an opportunity to close some longs up there, and to open some shorts up there. My guess is they already have such orders placed. It only remains now that they get the price up there.

WARNING: Speculation.
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  • #30,103
  • Jan 31, 2012 4:31am Jan 31, 2012 4:31am
UJ:

This may very well be my lifetime's last UJ trade, as I have sworn off of it. This unusual market, however, seems to present a unique opportunity today.

Entered long (EP= 76.34).
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  • #30,104
  • Jan 31, 2012 6:55am Jan 31, 2012 6:55am
What’s your SL and TP?
  • #30,105
  • Jan 31, 2012 7:04am Jan 31, 2012 7:04am
EUE/USD said.. I am spinning around..

Inserted Video



Sonic
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  • #30,106
  • Jan 31, 2012 7:25am Jan 31, 2012 7:25am
Quoting sonicdeejay
EUE/USD said.. I am spinning around..

http://www.youtube.com/watch?v=t1DWBKk5xHQ


Sonic
best gold hot pants ever!
  • #30,107
  • Jan 31, 2012 7:45am Jan 31, 2012 7:45am
EURUSD possible short setups, EP 1.31715
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  • #30,108
  • Edited 9:59am Jan 31, 2012 9:24am | Edited 9:59am
Quoting sonicdeejay
I agree, as I mention in my weekly "guess" PPZ is near 1.320x.. If euro can't break that level strongly.. We might see the retracement..

http://www.forexfactory.com/showthre...60#post5334760


I had a long with near +70 pips..


Sonic

Great call!! On this and upcoming high volume (earlier post today). How did you manage to grasp it? Good market feels you have!!

Edit: Another high red volume!! How low will she go!! Euro is hitting the crapper now, last week it was Greece now Portugal concerns!! No stopping volume in sight!

EU: 1.3191 short had to go train, came back and now up 100 pips! Made 14 pips yesterday, MT4 didnt show stopping volume.... Oanda MT4 did, after i checked it today...

Final edit: just saw stopping volume, time to sleep and just got out of it (wont mess with overnight again). Made my weekly gain, taking it easy for the week (and month). +101 pips.
  • #30,109
  • Edited 10:33am Jan 31, 2012 10:20am | Edited 10:33am
im sidelined now guys.. made 12% yesterday so no rush to hop in a trade. sitting on my hands.. Theres so much speculation that the dollar will keep falling and the euro will rise throughout feb that I wouldn't short this. Could be a markdown so that potential buyers can get in at a lower price before heading north.

we shall see during london..also the month ends today. Here's a pic of the dollar index
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  • #30,110
  • Jan 31, 2012 11:44am Jan 31, 2012 11:44am
Quoting futurespeter
What’s your SL and TP?
When asking a question, please ID who you are addressing the question to, and what pair your question concerns.

I assume you are addressing me, and my UJ trade. If so, the answer is this. I have set no SL, or TP. And I do not intend to until the possible high volatility stemming from tomorrows remaining USD high impact releases has passed. And maybe not until the next day's USD high impact release is overwith.
  • #30,111
  • Jan 31, 2012 11:53am Jan 31, 2012 11:53am
Quoting traderathome
UChf:

Manually closed at 0.9133, just above intended TP, for 36 pips gained from EP to close.
UChf:

Entered long (EP= 0.9152) and closed (TP= 0.9219) for 67 pips from EP to TP.

While I have other trades running, most from last week, I have taken up trading this pair due to what I perceive as less volatility (i.e. undesireable whipsawing) in the face of USD high impact releases. This particular trade was classic Sonic R. with TP just shy of the daily high range mark. You might consider the SL extravagantly low, but it was insurance against possible whipsawing.
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  • #30,112
  • Jan 31, 2012 11:58am Jan 31, 2012 11:58am
great trade.. I also like usdchf, its very stable compared to other pairs.

Typically i stay away from ALL jpy pairs.. don't like how they move
  • #30,113
  • Jan 31, 2012 12:10pm Jan 31, 2012 12:10pm
Quoting Dyekid217
great trade.. I also like usdchf, its very stable compared to other pairs.

Typically i stay away from ALL jpy pairs.. don't like how they move
UJ:

I don't either. But with this one, in recent months it looks to have built strength into it's base. What is the saying, ....The longer price bounces along the same support or resistance, the stronger that support or resistance becomes?

I have sworn off trading this one, but reconsidered for one more trade in light of the unique opportunity represented by the combination of this long standing support and the advent of so many USD high impact releases this week.
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  • #30,114
  • Jan 31, 2012 12:17pm Jan 31, 2012 12:17pm
I'm also waiting it out to see what the dollar will do since I like to trade usd pairs as well as xau.

only time will tell us where price wants to go. I'm predicting a bearish market with price being marked up for now on the dollar index so strong holders can get rid of some supply. But until I see something worthwhile I'm going to keep watching fox business.
  • #30,115
  • Edited 1:01pm Jan 31, 2012 12:32pm | Edited 1:01pm
EU (and market) Comment:

Not only did volume decline on the average thru the Bear Flag price increases, but this second day of bear trading has volume on the increase. And I think this is more due to changing sentiment on USD than on EUR; the reason other pairs are being similarly affected.

As Dyekid217 suspicions above, the waving of the USD flag might be short lived. It might only be happening because Big Money feels it is time to offload some, so they are hiking prices (with the USD index following) simply to make more or loose less in the offload process (depending on their individual situations).

Dyekid217 might be right or wrong. But I do agree that the market is beholding to no rules except the quest for profits, and is manipulated by Big Money to further that end. In any case, the Sonic R. System can find decent trades in either direction, regardless of trends and regardless of reasons behind market moves.

Consider the 2nd pic. showing a classic SonicR short trade for 88 pips from EP to the daily range low mark. And it didn't make any difference whether anyone had a bullish or a bearish sentiment, or whether they interpreted the trend to be up or down. This was one of those typical EU 100+ and 150+ pips moves (150+ pips down in this case), and it was there to trade.
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  • #30,116
  • Jan 31, 2012 12:48pm Jan 31, 2012 12:48pm
Quoting Dyekid217
im sidelined now guys.. made 12% yesterday so no rush to hop in a trade. sitting on my hands.. Theres so much speculation that the dollar will keep falling and the euro will rise throughout feb that I wouldn't short this. Could be a markdown so that potential buyers can get in at a lower price before heading north.

we shall see during london..also the month ends today. Here's a pic of the dollar index
What's more interesting is HOW MUCH DID YOU RISKED ON EACH TRADE ? I'm sure you're risking too much because 12% in a day requires high risk.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #30,117
  • Jan 31, 2012 1:00pm Jan 31, 2012 1:00pm
Quoting traderathome
EU (and market) Comment:

Not only did volume decline on the average thru the Bear Flag price increases, but this second day of bear trading has volume on the increase. And I think this is more due to changing sentiment on USD than on EUR; the reason other pairs are being similarly affected.

As Dyekid217 suspicions above, the waving of the USD flag might be short lived. It might only be happening because Big Money feels it is time to offload some, so they are hiking prices (with the USD index following) simply to make more...
Daily close below 1.305x will be interesting for me ...

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #30,118
  • Edited 1:16pm Jan 31, 2012 1:05pm | Edited 1:16pm
Quoting Basber
What's more interesting is HOW MUCH DID YOU RISKED ON EACH TRADE ? I'm sure you're risking too much because 12% in a day requires high risk.

Regards,
Basber
3% on each of 3 trades. Higher than 1:1 RR

here's the weekly dollar index

also it's not a 12% gain on equity.. its 12% on my initial deposit.. I have a large credit that my broker was offering for opening an account and a loyalty bonus during the winter holiday
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  • #30,119
  • Jan 31, 2012 1:24pm Jan 31, 2012 1:24pm
Quoting Dyekid217
3% on each of 3 trades. Higher than 1:1 RR

here's the weekly dollar index

also it's not a 12% gain on equity.. its 12% on my initial deposit.. I have a large credit that my broker was offering for opening an account and a loyalty bonus during the winter holiday
So ignore my comment on your overtrading

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #30,120
  • Jan 31, 2012 1:29pm Jan 31, 2012 1:29pm
don't get me wrong I was the poster child for overtrading when I first started.. It will surely kill an account. Gladly I got that out of my system when I was demoing..but still nothing substitutes for trading actual money.. I believe demoing is like a fictitious wonderland where anything is possible and emotions don't come into play. Isn't it like 80% psychological and 20% technical that makes a successful trade?

It's when it comes to the real money that makes a difference between the losers and winners

Now i'm like a ninja waiting for the right opportunity to strike :nerd:
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