Sonic R. System

Nice tp..I see some possible stopping vol coming in..

Sonic

my positive trades

May I know what is your reason for taking this trade?

Thank you.

breeze

4 hrs later... told cha..



Sonic

Sonic, can you please take some time tell us why we should not being pro-USD ?

Thank you .

"not being pro-USD" mean.. bullish on EU and GU..
The chart tell me so,,,


Sonic

Yes i know pro USD mean bullish, but can you please share your view about EU/GU chart?

It is all about Having a Higher TF bias, Waves, Support/Resistance understanding and Volume Analysis..

You will get there..



Sonic

I saw.

US markets gapped up this morning right back to their high of last week.

I am thinking the USD is ripe for a reversal to the upside here soon on looking at its Daily chart.

Its putting in an inverted hammer right on the 61.8% and has lateral and trendline support just below. Note this is on the Daily chart of the USD Index, I'm thinking Tomorrow/Wednesday it should start its bounce, however that trendline on the chart below goes back to August, it may want to go back and retest it again.

As the wise Master's on here say, best let the market decide

hehe

Have a great week all

Fisrt thanks to all for share this system and good ideas.
Can one share the final template and the dragon band with color fill ?
Thanks in advance

People keep asking, and TAH keeps mentioning it is close but not quite ready yet

Patience!

Is this entries long valid ?

Thanks in advance

Similar to the USD Index, there is a very important trendline in play on the EUR/USD Daily chart that also goes back to August only here, it is testing this TL today after a fair size breakout on the Hourly.

Something is going to give soon on the Daily, and unless bears get the Eur back under 1.3284 it could be that TL. Note the Eur is at the top of BB on Daily (and Hourly actually too).

That's on the new template that hasn't been released yet,
but it's due to come out VERY soon according to TAH.

Keep watching. He will let us all know the moment it's ready
for final release.

EU and Market In General:

I am just expressing an opinion here.

There are two forces in the marketplace: politics and profiteering.

Politics will keep some sort of "gentleman agreement" as regards how strong the USD can swing against the euro, for the time being. Keep in mind that the state of the euro truely sucks, while the US economy is getting back on it's feet. EU is being pumped at every opportunity to keep things from getting too near the edge of that "gentleman agreement" in favor of the USD, and having prices suddenly drop precipitously.

Then there are the profiteers. They will not support such a "gentleman agreement" unless there is allowance for the swings necessary to make money. Obviously, prices cannot simply move in just one direction. If that happened then market liquidity would dry up like the Sahara desert and nobody could make a dime.

So, we get ranging and swings, with a contrived bias towards the euro if only to keep the USD looking "dull" and hence making it easier to maintain the "gentleman agreement" balance.

I'm not looking for any whopping breakouts under these conditions, as I perceive them. However, the more EU gets pumped, the closer it is to the top of the "balance", and ready for the profiteers to start it off in the reverse direction again.

This week has started off in the direction towards the Range Week High mark. Will it get there? Or, will it suddenly be reversed before it gets there? Nobody knows.

Which gets us back to what do we do?

We trade M15 Sonic R. setups. But my suggestion is to keep the TPs within the day range. Take the money and run, and wait for the next setup in whatever direction it says.

As a final comment, the profiteers will try to "stretch" the ranges and the swings, but my bet is this will be to trap "wrong side" traders into the market just before the profiteers shift prices into reverse.

I belive EU have a lot of run up, yet.
See this W chart and you will see SMA 50 and 200 as fisrt target and trend line with long space to touch.

That's fine if you believe the Profiteers are going to accomdate your chart interpretation. I don't buy it.

My experience has been that every day is a new day for them. And they decide what to do about pricing based on making profits, not based on historic PA, moving average lines or any technical for that matter.

The Sonic R. System uses the Dragon-Trend on M15 because a valid M15 SonicR setup is indicative of existing momentum that we can trade profitably. This is a far cry from using technicals applied to a weekly chart, or any such high TF chart, and predicting where price will be days into the future. What we do use the higher TF charts for is to see specific candles (engulfing, hanging man, hammer) that support an M15 SonicR setup. And we use the higher TF charts to find S&R that might not show on our M15 trading chart.

You have a pretty chart here. Now watch if the profiteers make a mess of your predictions! Nobody knows what the future has in store. It might work out. It might not. If it does, it will not be because of any charting. It will be because as the profiteers made their price moves and profits, it just happened that way. Trend lines and S&R lines are valid as areas that price might pause or reverse at, should the price get there in the first place. Just because the lines/areas exist does not obligate the price to go there. The price will go where the market decides it is to go. And it can be a different affair daily.

Hey TAH, if EU does not tank, at what price might you close those EU positions you have from last week ?

Here was my trade for EJ yesterday. Couldn't post it, internet sux in China... Somehow they decided to block FF.... And my MT4 has crappy connection...

Daily looks like its going on an uptrend and my 4 hour entry is a little above the blue rectangle. Whats the blue rectangle? S&R, my lazy way of seeing S&R for the past week (and try to confirm it by scrolling back to that price range). 5th trade this month, im proud of my self!

You can draw your lines for the SoncR entry. My entry was at 109.92, SL @ 108.15