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Sonic R. System

  • #32,761
  • Mar 28, 2012 8:10am Mar 28, 2012 8:10am
I am looking for opportunities to go long at AU & GU.
Everything is possible!!! Step by Step...
  • #32,762
  • Mar 28, 2012 9:37am Mar 28, 2012 9:37am
Quoting DmitryFX
I am looking for opportunities to go long at AU & GU.

Let bias be bias...

No set up..no trade..

Sonic
  • #32,763
  • Mar 28, 2012 9:57am Mar 28, 2012 9:57am
Quoting sonicdeejay
Let bias be bias...

No set up..no trade..

Sonic
Sure! As you said before "too late for short too early for long"
So, I'm waiting for good setup. And, as i see, it's comming
Everything is possible!!! Step by Step...
  • #32,764
  • Mar 28, 2012 10:09am Mar 28, 2012 10:09am
Quoting traderathome
GU:

Entered short (EP= 1.5969). The entry was early, but it was clear that both the London BBs and the US BBs took the price up before the USD high impact release, where the highest prices attracted the highest levels of trading. SL is not yet set.
GU:

TP reached for 115 pips EP= 1.5969 to TP= 1.5854.
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  • #32,765
  • Mar 28, 2012 10:27am Mar 28, 2012 10:27am
Quoting traderathome
GU:

TP reached for 115 pips EP= 1.5969 to TP= 1.5854.
TAH, tell me please what was your reason to take this trade?
Dragon angel was not good (like 3 o'clock) and it was above of trend.
Everything is possible!!! Step by Step...
  • #32,766
  • Mar 28, 2012 10:34am Mar 28, 2012 10:34am
Quoting foxybunny
These few days, E/U just in range.
With the vol picking up that you mentioned, it seem only now E/U is showing its hand for down. Closed my earlier short for a small SL as price just in range, also still have one short running, see whether it will play out a bit longer.
Quoting hunter101
EU def in range. The volume could be in response to the durable goods that was release (+USD). But like most US released that are positive, it will just reverse back to ranging area. Or not, just have to wait and see.
And you can see the increased activity today, which was "over-the-top-and-down", which stands out remarkably from all the previous recent days.
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  • #32,767
  • Edited 10:51am Mar 28, 2012 10:37am | Edited 10:51am
Quoting DmitryFX
TAH, tell me please what was your reason to take this trade?
Dragon angel was not good (like 3 o'clock) and it was above of trend.
I explained that in the trade origination post. All you have to do is hit the arrow in the "quote" to go back to the referenced post. I try to link all my trades in this manner to make it easier for current and future students of the Sonic R. System to follow a trade from start to finish when they come across a trade completion post.
  • #32,768
  • Mar 28, 2012 10:46am Mar 28, 2012 10:46am
UChf:

Here is one that might present a SonicR long re-entry trade before next LO. The asian session sometimes gets the start on this pair. And, as you can see from the chart, PA has broken out from a range. Nobody knows if there will be a pullback to "test" the top of the range as now being support, but it could happen if the BBs want to try another "liquidity creation" drive down before any next strong leg up.
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  • #32,769
  • Mar 28, 2012 10:47am Mar 28, 2012 10:47am
after testing several times and breaking up through monthly pivots, I think EU is ready to test test support now @ 1.3260. opinions?
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in vino veritas!
  • #32,770
  • Mar 28, 2012 10:52am Mar 28, 2012 10:52am
Quoting traderathome
And you can see the increased activity today, which was "over-the-top-and-down", which stands out remarkably from all the previous recent days.
Yeah vol only increased in the last few hours around US session.
Before that as in Lon session really no vol and no entry even though I went Short much earlier like yesterday.

Now just wait see if it can hit around 325x-326x area.
  • #32,771
  • Mar 28, 2012 11:06am Mar 28, 2012 11:06am
Quoting traderathome
I explained that in the trade origination post. All you have to do is hit the arrow in the "quote" to go back to the referenced post. I try to link all my trades in this manner to make it easier for current and future students of the Sonic R. System to follow a trade from start to finish when they come across a trade completion post.
I've read them. But for me it's not clear because it's breaking SonicR rules from post #1. Anyway, thanks for comment.
Everything is possible!!! Step by Step...
  • #32,772
  • Edited 9:55pm Mar 28, 2012 11:17am | Edited 9:55pm
Quoting coconu
after testing several times and breaking up through monthly pivots, I think EU is ready to test test support now @ 1.3260. opinions?
Yep.

Pivots are just another form of SR, but based soley on a mathematical derivative of the preceding candle (Month, Week, Day, etc.), and the profiteers who move pricing in the market make their decisions based on which way gets them the most profits, or least losses.

Such things as SR, TLs and pivots are good for "anticipating" where price might pause or reverse, should it ever get there, but never as a predictor that it will get there!

The Sonic R. System uses the M15 chart: PA, Dragon, Trend and a bit of volume because these, in the right combination at the right time, show market momentum that might create a decent move, tradeable for profit. SR, TLs , range H/L marks, Levels, FE/FR studies, and pivots can all be used to help locate "best" places to take profit should price move in their direction, because price might reverse at those areas. We do not use them to predict the price will move in their direction!

Your question might better have been a statement, maybe something like, "I see support @ 1.3260 and therefore I think if EU moves lower to that level, it could be a place to take profits if you have a short trade running. If PA gets there, it is an area to watch to see what the market will do with prices next."

-tah
  • #32,773
  • Mar 28, 2012 11:21am Mar 28, 2012 11:21am
Quoting DmitryFX
I've read them. But for me it's not clear because it's breaking SonicR rules from post #1. Anyway, thanks for comment.
What's not clear? I said I was entering early (compared to a SonicR entry) due to the volume story as I saw it! I said the higher prices for the day were getting the highest trading (buy low, sell high). It was not a SonicR entry, and I stated that fact and explained why I was making the entry. What could be more clear?
  • #32,774
  • Edited 12:03pm Mar 28, 2012 11:37am | Edited 12:03pm
Quoting foxybunny
Yeah vol only increased in the last few hours around US session.
Before that as in Lon session really no vol and no entry even though I went Short much earlier like yesterday.

Now just wait see if it can hit around 325x-326x area.
Actually, if you examine the M30 (better to see previous SR) volume-price relationships, you will see that the FO/LO involved concentrated activity down/up which centers approximately around the 3/4 level. This is where the US activity picked up, also.

So, there was concentrated activity twice during the day, in and around that same level. One view is that today's entire range is just the playing field for the profiteers to entice in longs while they go short. In which case, a much bigger move down might be coming. And, seeing as how this tends to move in 100+, 150+, etc. pip swings, the next area to consider for profit taking on a "bigger move" might be the 1.3200 area, which is 150+ pips down from today's highs. A 200+ pips move puts it down to the 1.3150 area.

Let's wait and see how the 1.3250, 1.3200 and 1.3150 areas are situated in relation to tomorrow's range marks. If price closes where it is now then tomorrow's range low mark should include the 1.3200 level, with the 1.3150 level being below the range low mark. If price closes lower than it is now, then the 1.3150 level becomes more possible should tomorrow be a good, range breaking day to the downside. In all this, the 1.3250 area becomes more a quick, intra-day run TP.

We'll just have to see what tomorrow brings. All this is simply to put a bigger perspective on the possibilities should the market start running the price down tomorrow.
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  • #32,775
  • Mar 28, 2012 2:30pm Mar 28, 2012 2:30pm
GU:

Entered short (EP= 1.5894). This entry at the tail end of the day is a SonicR re-entry as the market has moved the price back up to an SR area, the 1.5900 whole number give or take 10 pips. The asian session profiteers might do a liquidity creation drive a bit higher. Nobody can tell of such matters, but this looks like a reasonable place to resume the short trade.
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  • #32,776
  • Mar 28, 2012 6:24pm Mar 28, 2012 6:24pm
If dragon turn up, I´m looking for long
  • #32,777
  • Mar 28, 2012 7:08pm Mar 28, 2012 7:08pm
Quoting traderathome
GU:

Entered short (EP= 1.5894). This entry at the tail end of the day is a SonicR re-entry as the market has moved the price back up to an SR area, the 1.5900 whole number give or take 10 pips. The asian session profiteers might do a liquidity creation drive a bit higher. Nobody can tell of such matters, but this looks like a reasonable place to resume the short trade.
You might want to reconsider this short professor, price sits on 1h 200 sma and the trend is up
  • #32,778
  • Mar 28, 2012 7:52pm Mar 28, 2012 7:52pm
Quoting okanemici
You might want to reconsider this short professor, price sits on 1h 200 sma and the trend is up
GU:

Ok, you played the H1 card. I'll raise you. I'm throwing down the Weekly card. On the Weekly, the trend is down and price has pulled back up to the Sonic R. System Trend line. I'm not reconsidering the short.

You see, okanemici, it is the market profiteers that decide where price is going next, not the technicals. Pick any chart, and make any story out of it you want to. In the end, all such stories could turn out wrong, as the market movers do something entirely different.
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  • #32,779
  • Mar 28, 2012 8:36pm Mar 28, 2012 8:36pm
Quote
You see, okanemici, it is the market profiteers that decide where price is going next, not the technicals. Pick any chart, and make any story out of it you want to. In the end, all such stories could turn out wrong, as the market movers do something entirely different.

Yes , 100% agree with you.
But always will be the same...........
Then you need to trade with incomplete information or this information is outside the charts.
  • #32,780
  • Edited 9:54pm Mar 28, 2012 8:56pm | Edited 9:54pm
Quoting successlife
Yes , 100% agree with you.
But always will be the same...........
Then you need to trade with incomplete information or this information is outside the charts.
We don't trade with incomplete information, or with information that is outside the charts. We trade the Sonic R. System: PA, Dragon, Trend and a bit of volume, all combined right at the right time.
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