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Sonic R. System

  • #30,801
  • Feb 16, 2012 3:54am Feb 16, 2012 3:54am
Hi, a quick question...

How long will this pro usd move last and how to deal with the turn in the tide?

I mean, Im seeing now that we are near a significant historical s&r level, near a round number, we have had a full 5 waves down from 1.3320 and their was quite a bit of volume in pushing the price at this level (a pump?).

Could it be time for a correction, if not a change in trend? Should we be at least considering switching to a long bias?

We have a series of high impact USD releases later. Normally the BBs like to set the trades up for themselves. If they were thinking of shorting at/after the release, wouldn't they like everybody to be going long right now and so pushing prices upward so they themselves are in at favorable positions later in the day?

Any comment on this reasoning guys?

Much Love
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  • #30,802
  • Feb 16, 2012 4:03am Feb 16, 2012 4:03am
Quoting superman
Hi, a quick question...

How long will this pro usd move last and how to deal with the turn in the tide?

I mean, Im seeing now that we are near a significant historical s&r level, near a round number, we have had a full 5 waves down from 1.3320 and their was quite a bit of volume in pushing the price at this level (a pump?).

Could it be time for a correction, if not a change in trend? Should we be at least considering switching to a long bias?

We have a series of high impact USD releases later. Normally the BBs like to set the trades up...
I like your reasoning and follows TAH's market comment logic. Useful to have this framework in mind....but to also be mindful that anything can (and will) happen. Will be interesting to see how this plays out today/tomorrow.
  • #30,803
  • Feb 16, 2012 4:08am Feb 16, 2012 4:08am
Quoting fxbreeze
imho, a long setup above 89 ema will b more precise. correct me, tah if i am wrong.
Agreed. The 09:30(UK) candle close is more reasssuring.
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  • #30,804
  • Feb 16, 2012 4:31am Feb 16, 2012 4:31am
EJ Comment:

Those thinking long, be careful this does not catch you negative should it be what is setting up.
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  • #30,805
  • Feb 16, 2012 4:50am Feb 16, 2012 4:50am
I think the main thing for EURUSD is

1) Coming News
2) DS1 Support
3) Round Number (1.3000) Physc Level

My speculation is that if it manages to break the Low, we might hit DS2.

Thats what I think. Feedbacks?
  • #30,806
  • Edited 5:12am Feb 16, 2012 4:54am | Edited 5:12am
Quoting superman
Hi, a quick question...

How long will this pro usd move last and how to deal with the turn in the tide?

I mean, Im seeing now that we are near a significant historical s&r level, near a round number, we have had a full 5 waves down from 1.3320 and their was quite a bit of volume in pushing the price at this level (a pump?).

Could it be time for a correction, if not a change in trend? Should we be at least considering switching to a long bias?

We have a series of high impact USD releases later. Normally the BBs like to set the trades up...
EU Comment:

With so many USD high impact releases coming (and remember that USD has been getting better and better ones for two months now, while EUR has remained on the brink of hell), I'd half expect the market to be pushing the price up in anticipation of slamming it back down when the releases hit.

But no, look! There is very high market activity in a tight range, and with PA still maintaining that appearance of a downwards drift. What are we to make of it? Well, it is for sure that the market is doing a lot of trading in this tight range. But long, or short trading, that is the question?!

No one knows! We wait, and wait, and wait for a good SonicR setup, either long or short. The market might be loading up heavy for the next drop. On the other hand, the market might be loading up heavy for a push up! A push up? With good USD releases, past and likely present? Yep! It wouldn't be the first time this greedy and deceiving market puts on a move based on it's own profit making strategy, and says to hell with whatever is in the releases! Better yet, up and down! Wouldn't be the first time for that kind of move either. Or your choice of: up, down and back up, or down, up and back down! Don't believe it? These have happened with frightening frequency also! You see, there is no way of knowing what the friggin' market is going to do. And it is highly likely the market is going to whipsaw the prices all to hell and back; not a good time to be in a trade if it does this.

So, with a steep run down already, and all this current activity now, and with no less than five USD high impact releases coming,.....hey, maybe the best is to sit it out and catch the PA "replays" later!
Attached Image (click to enlarge)
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  • #30,807
  • Feb 16, 2012 5:14am Feb 16, 2012 5:14am
Quoting traderathome
EU Comment:

With so many USD high impact releases coming (and remember that USD has been getting better and better ones for two months now, while EUR has remained on the brink of hell), I'd half expect the market to be pushing the price up in anticipation of slamming it back down when the releases hit.

But no, look! There is very high market activity in a tight range, and with PA still maintaining that appearance of a downwards drift. What are we to make of it? Well, it is for sure that the market is doing a lot of trading in this tight range....

Thanks for reminding me that 'anything can happen'! It is crazy how we tend to forget this simple but so crucial statement and try to enforce our will on the market.

I think your last sentence may be correct. All this madness is confusing me and so I am probably not in a state of mind that is conducive to trading today. I'm sitting it out...until after the releases.

Thanks
  • #30,808
  • Feb 16, 2012 5:19am Feb 16, 2012 5:19am
Quoting traderathome
AU:

Entered short (1.0685). This is where I closed the previous two trades. Now on again, via new larger wave. Not the London session though, so the FO/LO/(and everyone else) might decide to push it up again; their own liquidity creation maneuvers for additional shorting.
AU:

Manually closed both trades #1 and #2 at 1.0661 for 24x2= 48 pips gain from EP to close.

I anticipate the market is bearish. But also that the market will mightily play the price today, what with five USD high impact releases; lots of whipsawing possible. And I don't want to be in the trade. Let the market play. I'll wait until after the dust settles.
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  • #30,809
  • Feb 16, 2012 5:47am Feb 16, 2012 5:47am
Quoting sonicdeejay
7 hrs later..
Frankfurt made a fake shake..

http://www.forexfactory.com/attachme...1&d=1329219075

Sonic
I do not trade this week as I had a loss trade in earlier week..

Inserted Video


Sonic
Attached Image (click to enlarge)
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  • #30,810
  • Feb 16, 2012 6:30am Feb 16, 2012 6:30am
Earlier, I entered short on EU 15M.

I took the break of the Low, but it ended up ranging.

So as soon as i got +5p, I set SL to BE, and it got hit at the circled area.
BE-ed 0p

Was wondering if I should have set SL on the closest HL, which is located almost at the middle of the Dragon.

http://my.jetscreenshot.com/demo/20120216-nhvn-41kb.jpg
(Sorry for not the complete fullchart. I may need to change ScreenShot Capture programs. Anyone got any to recommend? Thanks.)

Today's Total: 0p :I
  • #30,811
  • Feb 16, 2012 6:39am Feb 16, 2012 6:39am
Quoting Konata
Earlier, I entered short on EU 15M.

I took the break of the Low, but it ended up ranging.

So as soon as i got +5p, I set SL to BE, and it got hit at the circled area.
BE-ed 0p

Was wondering if I should have set SL on the closest HL, which is located almost at the middle of the Dragon.

http://my.jetscreenshot.com/demo/20120216-nhvn-41kb.jpg
(Sorry for not the complete fullchart. I may need to change ScreenShot Capture programs. Anyone got any to recommend? Thanks.)

Today's Total: 0p :I
If you are using MT4, it has its own.
  • #30,812
  • Feb 16, 2012 6:45am Feb 16, 2012 6:45am
Quoting traderathome
GU:

Entered short trades (EP= 1.5680).
GU:

Manually closed both trades at 1.5668 for 22x2= 44 pips gain EP to close.
Attached Image (click to enlarge)
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  • #30,813
  • Feb 16, 2012 6:49am Feb 16, 2012 6:49am
Hi Konata,

I use Snagit for capturing allmost anything, it's awesome
  • #30,814
  • Feb 16, 2012 7:30am Feb 16, 2012 7:30am
Quoting sonicdeejay
I do not trade this week as I had a loss trade in earlier week..

http://www.youtube.com/watch?v=2WoJV4NLxqg

Sonic
It's alright Sonic, I could count in my hand numbers of traders calling out LIVE here in FF
  • #30,815
  • Feb 16, 2012 7:40am Feb 16, 2012 7:40am
RE:GENERATION Track: Mark Ronson "A La Modeliste"
www.youtube.com
  • #30,816
  • Feb 16, 2012 9:14am Feb 16, 2012 9:14am
500 posts, yay!
  • #30,817
  • Feb 16, 2012 9:29am Feb 16, 2012 9:29am
EU long anyone ?
  • #30,818
  • Feb 16, 2012 9:37am Feb 16, 2012 9:37am
Any suggestion for trading OUTSIDE the tunnel dragon indicator?
I understood the basic rules of sonic, but I don't have clear is this system consider to trade outside this area.

I appreciate your comments.
  • #30,819
  • Feb 16, 2012 9:41am Feb 16, 2012 9:41am
Quoting okanemici
EU long anyone ?
Yes I have entered LONG at 1.30479 and PA is going up.
arasheed
  • #30,820
  • Feb 16, 2012 9:50am Feb 16, 2012 9:50am
Quoting arasheed
Yes I have entered LONG at 1.30479 and PA is going up.
arasheed
I am also long from 1.3038 , hope it goes well until 1.31 What is your SL arasheed ?
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