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Sonic R. System

  • #33,721
  • Apr 18, 2012 8:16am Apr 18, 2012 8:16am
EU:

Something worth considering?
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  • #33,722
  • Apr 18, 2012 8:30am Apr 18, 2012 8:30am
Quoting sonicdeejay
I have put my Long SL @ 1.306x area.. to protect profit..



Sonic

sry but where is the set up, looks more like a short..

thanks
  • #33,723
  • Apr 18, 2012 8:37am Apr 18, 2012 8:37am
Quoting kor
sry but where is the set up, looks more like a short..

thanks
Master Sonicdeejay entered long here:
http://www.forexfactory.com/showthre...31#post5576431

Yes, it would be better if he posted the links back to the trade entry, but,.......the world is not a perfect place.
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  • #33,724
  • Apr 18, 2012 8:48am Apr 18, 2012 8:48am
Quoting traderathome
Master Sonicdeejay entered long here:
http://www.forexfactory.com/showthre...31#post5576431

Yes, it would be better if he posted the links back to the trade entry, but,.......the world is not a perfect place.

thanks for explaining tah, i thought i missed out something
  • #33,725
  • Apr 18, 2012 9:06am Apr 18, 2012 9:06am
Quoting traderathome
EU: Entered short (EP= 1.3119).
Quoting traderathome
EU: US BBs did a liquidity creation drive up. Mental SL is bumped to above previous significant highs and will be lowered again once PA drops below lower whole number. The fact of this liquidiy creation drive speaks well to the bear bias of the BBs, but further upside attempts are not out of the question. Trade is not "out of the woods" yet. On the positive side, if this carries over to tomorrow the TP might get lowered if the new RDL mark warrants.
Quoting traderathome
EU: This asian session activity looks quite bearish. Maybe today the overall market will follow-thru bearishly. I've lowered the TP, which is now 100+ pips below the swing high. Remember, this tends to swing in 100+, 150+, etc. pip moves.
EU:

Added trade #2 short (EP= 1.3090). This is a SonicR re-entry and is based on the pullback upwards in the down trend, a pullback exhibiting exceptionally high activity at the highs of the pullback.
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  • #33,726
  • Apr 18, 2012 9:17am Apr 18, 2012 9:17am
Let the mkt decides..


Sonic
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  • #33,727
  • Apr 18, 2012 9:19am Apr 18, 2012 9:19am
EU:

I get the feeling the BBs are taking advantage. Knowing PA has cycled down ever since the LO, they know many might have lowered their stops on shorts or have lowered their pending long order entry levels. So, being the nice folks that they are, the BBs have run the price back up on a liquidity creation move to stop out the shorts and trigger into the market those "wrong side" pending long orders, or even to coax more longs into the market!.....all of which provides the extra liquidity to get their own additional short orders filled. Of course, this is speculation. Nobody can know such a thing for sure.
  • #33,728
  • Edited 9:37am Apr 18, 2012 9:26am | Edited 9:37am
GU:

And look at this one. The BBs just apparently headfaked the price on a whole number/upper TL "breakout", also on exceptionally high trading activity. I have to say this,....it looks like something is afoot, brewing.....and could end up in a strong USD move on some pairs. I have no idea when. Today? This week? This is all speculative, so keep this in mind. But note that there are three important USD high impact releases tomorrow. If the hypothesis is correct, then likely the BBs will keep upwards pressure on PA to coax longs in, until they have all their short orders filled, or until the USD releases hit. Again, can't know anything for sure. This all is speculative based on the price/volume action.
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  • #33,729
  • Apr 18, 2012 9:30am Apr 18, 2012 9:30am
Quoting traderathome
GU:

And look at this one. The BBs just apparently headfaked the price on a whole number/upper TL "breakout", also on exceptionally high trading activity. I have to say this,....it looks like something is afoot, brewing.....and could end up in a strong USD move on some pairs. I have no idea when. Today? This week? This is all speculative, so keep this in mind.

not related with sonic my trade, but im short cable as per 76% retracement - 1.6000.

i dont know , but this one could be a runner down big time!(5860?!)

waiting to see it under dragon on M5 too to add on it
fokyou forexfactory
  • #33,730
  • Apr 18, 2012 9:35am Apr 18, 2012 9:35am
Quoting traderathome
GU:

And look at this one. The BBs just apparently headfaked the price on a whole number/upper TL "breakout", also on exceptionally high trading activity. I have to say this,....it looks like something is afoot, brewing.....and could end up in a strong USD move on some pairs. I have no idea when. Today? This week? This is all speculative, so keep this in mind. But note that there are three important USD high impact releases tomorrow.
U should have wait,, in stead of jumping into short,,
In fact, EU had a gd short set up. Within last 5 hrs ago..

Sonic
  • #33,731
  • Apr 18, 2012 9:36am Apr 18, 2012 9:36am
Quoting sonicdeejay
Let the mkt decides..


Sonic

Thing will go ballistic if 1.309x clear..

I bet UP.

Sonic
  • #33,732
  • Apr 18, 2012 9:42am Apr 18, 2012 9:42am
Quoting traderathome
EU:

Added trade #2 short (EP= 1.3090). This is a SonicR re-entry and is based on the pullback upwards in the down trend, a pullback exhibiting exceptionally high activity at the highs of the pullback.
EU:

I do not intend to add more to this trade. I have, however, given the trades breathing room again, as I see the USD releases tomorrow are most likely the cause of this upwards drive today. Depending on where RDL sits tomorrow, I might further lower the TPs.

What I suspect is happening right now on EU, GU etc. is an unadulterated SL hunt! And I have been wrong before, so keep that in mind too.
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  • #33,733
  • Apr 18, 2012 9:48am Apr 18, 2012 9:48am
Quoting GDR3k
Currently short AU also @ 1.03896. TP 3278. SL is currently at BE. Just gonna ride it out.
Strange market, I closed that short on AU @ 1.0357 on my phone when I was out before. The joys of being able to access your account on the go.
  • #33,734
  • Edited 10:09am Apr 18, 2012 9:51am | Edited 10:09am
Quoting sonicdeejay
Thing will go ballistic if 1.309x clear..

I bet UP.

Sonic
Master, you got "up." My bet is "down", and that it will be a lot more impressive when it comes.

BTW, "up" is not just happening on EU. It is happening as a "anti-USD" move across the board before tomorrow's multiple USD high impact releases. And therefore, it has the stink of trickery by the BBs, including SL hunting on this and on other pairs, imho.
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  • #33,735
  • Apr 18, 2012 10:06am Apr 18, 2012 10:06am
Hi,

Here is a cool sonic long setup for euraud.
EP: 1.2644, sl:1.2590 , tp:1.2690

Okan
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  • #33,736
  • Apr 18, 2012 10:26am Apr 18, 2012 10:26am
Quoting traderathome
AU:

Entered short (EP= 1.0388).
AU:

Lowered TP, and if this is not hit today, or in the next asian session, then I might again tomorrow lower it further depending on where RDL is.
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  • #33,737
  • Apr 18, 2012 10:57am Apr 18, 2012 10:57am
Quoting sonicdeejay
Thing will go ballistic if 1.309x clear..

I bet UP.

Sonic

this week' candle still in progress.
last week Thor left his hammer inverted.
see how market will close this Friday.
would be nice for next week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,738
  • Apr 18, 2012 11:04am Apr 18, 2012 11:04am
Quoting traderathome
EU:

While the asian session started with bearish action, and while the market today may follow thru with bearish action, note the SR area in the attached picture. Do not be surprised if the BBs drive price back up into that area before any serious downside move. It is not guaranteed they will do this, but it is a distinct possibility especially if a downside move is in the making for later today.-tah
EU:

The pullup to SR finally happened, and less of a pullup than before. This could set the stage for tomorrow following the multiple USD high impact releases; the true and serious downside move which has yet to occur. This is speculative.
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  • #33,739
  • Apr 18, 2012 11:06am Apr 18, 2012 11:06am
Quoting traderathome
EU:

The pullup to SR finally happened, and less of a pullup than before. This could set the stage for tomorrow following the multiple USD high impact releases; the true and serious downside move which is yet to happen. This is speculative.
Was thinking the same.
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  • #33,740
  • Apr 18, 2012 11:08am Apr 18, 2012 11:08am
Quoting parliament71
Ah yes, Im in this too since 0.9160 earlier in the day. Heres a M30 chart to show reasoning for placement of TP in both charts around strong S/R zone in red.
UChf: TP hit for 44 pip profit

EU: Short Still open SL at 1.31575 for half 1.31911 for the rest
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