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Sonic R. System

  • #34,821
  • May 14, 2012 8:21am May 14, 2012 8:21am
Quoting traderathome
EU:

Re-entered short (EP= 1.2936).
EU:

Planning to close this trade from last Wednesday. Multiple high impact releases tomorrow. BBs might be closing shorts now, after a good run down, to have more $$$$ to short again at higher prices ahead of these releases. Nobody knows for sure, of course, what will be.
Attached Image (click to enlarge)
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  • #34,822
  • May 14, 2012 8:33am May 14, 2012 8:33am
Quoting traderathome
EU:

Re-entered short (EP= 1.2936).
EU:

Manually closed at revised TP for 102 pips gain EP= 1.2936 to close= 1.2834.
Attached Image (click to enlarge)
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  • #34,823
  • May 14, 2012 8:37am May 14, 2012 8:37am
Extreme Bar with big vol spotted..

Definitiely not a call to go Long.. but time to TP if u had short.. (Prof TAH just bagg 100+ pips and closed it)

Let the wave shows if there is a Long.. Patience..

http://kinialohaguy.files.wordpress....6/banghead.gif

Sonic
Attached Image (click to enlarge)
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  • #34,824
  • May 14, 2012 8:38am May 14, 2012 8:38am
TF 5m
GU Short
EP = 1.6064
SL = 1.6092
TP = 1.6018
Comments are very welcome.

Attached Image (click to enlarge)
Click to Enlarge Name: GU Short.png Size: 52 KB
  • #34,825
  • May 14, 2012 8:46am May 14, 2012 8:46am
Quoting traderathome
UChf:

Entered long (EP= 0.9305), a re-entry trade.
UChf:

Manually closed for 56 pips gain EP= 0.9305 to close= 0.9361.
Attached Image (click to enlarge)
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  • #34,826
  • May 14, 2012 9:16am May 14, 2012 9:16am
Quoting traderathome
UChf:

Manually closed for 56 pips gain EP= 0.9305 to close= 0.9361.

Professor TAH is smokin..

Sonic
  • #34,827
  • Edited 9:31am May 14, 2012 9:20am | Edited 9:31am
Quoting Conorado
TF 5m
GU Short
EP = 1.6064
SL = 1.6092
TP = 1.6018
Comments are very welcome.

Attachment
Conorado, I've been thinking the same and watching it, and revising the M15 wave as PA dictates. But now, with high and possibly stopping volume on EU, it makes me realize that both EU and GU might halt their downwards play and retrace in preparations for tomorrow releases. It has made me less sure of taking on any new short right now. Still, it could play out that way, a quick move down before a pullback.

Look at the H1 chart for EU. After a 450 pips run down, the last two, and the current half of the present bar are all very high volume. It looks like the market is closing its shorts, taking profits ahead of tomorrow releases. This could mean when the market finishes taking profit, it might pump the price back up for more shorting tomorrow. Anything can happen, but a new short on either EU or GU seems more risky now.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: may 2012 - 105.gif Size: 39 KB
Click to Enlarge Name: may 2012 - 106.gif Size: 46 KB
  • #34,828
  • May 14, 2012 9:28am May 14, 2012 9:28am
Quoting traderathome
Conorado, I've been thinking the same and watching it, and revising the M15 wave as PA dictates. But now, with high and possibly stopping volume on EU, it makes me realize that both EU and GU might halt their downwards play and retrace in preparations for tomorrow releases. It has made me less sure of taking on any new short right now. Still, it could play out that way, a quick move down before a pullback.
I see a channel formed on GBP/USD.
Attached Image (click to enlarge)
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  • #34,829
  • May 14, 2012 9:30am May 14, 2012 9:30am
Traderathome is so ballin at the moment. He's on HIGH.
  • #34,830
  • May 14, 2012 9:34am May 14, 2012 9:34am
Quoting Slider20
I see a channel formed on GBP/USD.
GU:
......and your point is.....? What significance does that have for you? What, exactly, are you meaning to say to the rest of us Sonicers about that?
  • #34,831
  • May 14, 2012 9:37am May 14, 2012 9:37am
Quoting traderathome
GU:
......and your point is.....?
If the channel is valid, then some upside movement is to be expected, reinforcing your thoughts.
  • #34,832
  • May 14, 2012 9:39am May 14, 2012 9:39am
That should hit my SL if i placed it. Now i'm in trouble with this GU short. Wasting my time again

Attached Image (click to enlarge)
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  • #34,833
  • May 14, 2012 9:45am May 14, 2012 9:45am
Quoting Conorado
That should hit my SL if i placed it. Now i'm in trouble with this GU short. Wasting my time again

Attachment
move your stop loss , let it run , hope will back down nextweek or next month

old story
Inserted Video
  • #34,834
  • May 14, 2012 9:46am May 14, 2012 9:46am
Quoting Slider20
If the channel is valid, then some upside movement is to be expected, reinforcing your thoughts.
Not necessarily. A channel is nothing more than a range on tilt. What the BBs do with the price inside that range has nothing to do with the limits of the range. It's a big ball park, and the BBs can play with the price, up or down, at any time inside that ball park.

This has been inside a channel for quite some time. If it goes up, it's got nothing to do with the channel, but rather with taking profits now for a reason (tomorrow releases and maybe wanting to shove the price back up beforehand)
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  • #34,835
  • May 14, 2012 9:58am May 14, 2012 9:58am
GU:

Still in my short trade from last Wednesday. If the BBs get the price up to DR1/RDH (full range day about), I think I might add another short. It would not be a classic Sonic R. trade, but more like a Scout (trying my hand at picking a high ). Just thinking about it for now.
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  • #34,836
  • May 14, 2012 10:30am May 14, 2012 10:30am
I am short on USDCAD righ now!

L.
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  • #34,837
  • May 14, 2012 11:00am May 14, 2012 11:00am
Quoting jaau
I am short on USDCAD righ now!

L.
UCad:

A reasonable entry. Would love to see such a setup earlier in London session so that it had more high volume time fuel to run on.
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  • #34,838
  • May 14, 2012 11:04am May 14, 2012 11:04am
Quoting traderathome
UCad:

A reasonable entry. Would love to see such a setup earlier in London session so that it had more high volume time fuel to run on.
Thats true!

L.
  • #34,839
  • May 14, 2012 11:40am May 14, 2012 11:40am
Quoting traderathome
Not necessarily. A channel is nothing more than a range on tilt. What the BBs do with the price inside that range has nothing to do with the limits of the range. It's a big ball park, and the BBs can play with the price, up or down, at any time inside that ball park.

This has been inside a channel for quite some time. If it goes up, it's got nothing to do with the channel, but rather with taking profits now for a reason (tomorrow releases and maybe wanting to shove the price back up beforehand)
Thanks TAH. I see the logic in that. I should treat it like a range and have no bias as to which direction price will go just based on the location within the channel.
  • #34,840
  • May 14, 2012 1:23pm May 14, 2012 1:23pm
Quoting sonicdeejay
Extreme Bar with big vol spotted..

Definitiely not a call to go Long.. but time to TP if u had short.. (Prof TAH just bagg 100+ pips and closed it)

Let the wave shows if there is a Long.. Patience..

http://www.forexfactory.com/attachme...1&d=1337002602

Sonic

Old Story..

Sonic
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Click to Enlarge Name: shi.gif Size: 51 KB
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