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Sonic R. System

  • #34,941
  • May 16, 2012 4:13am May 16, 2012 4:13am
eu long m1, tp hit 40pips, now awaiting long m15
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Click to Enlarge Name: eu awaiting long m15.gif Size: 31 KB
  • #34,942
  • May 16, 2012 4:13am May 16, 2012 4:13am
Quoting alkenany
let ur trade influenced by system rules, I see no long yet
I think it's long setup here. I hope the next wave will hit my TP

Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 47 KB
  • #34,943
  • May 16, 2012 4:15am May 16, 2012 4:15am
EU:

Remember this chart? Ok, now what? Target was reached. Maybe a pullback upwards. The status of the current Day candle suggests just that. But this candle is not closed yet, so nothing is set yet for sure.
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  • #34,944
  • May 16, 2012 4:16am May 16, 2012 4:16am
Gonna get slated as not sonic setup per say, but call it a sonic scout trade as TAH says.

Added to position due to Test in rising market.

Volume gave clues this morning which i commented on.

Chart attached.

Comments Welcome
Attached Image (click to enlarge)
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  • #34,945
  • May 16, 2012 4:20am May 16, 2012 4:20am
that is true

http://www.pcmupload.com/di-FLNO.png
  • #34,946
  • May 16, 2012 4:26am May 16, 2012 4:26am
Quoting andyvxr
Gonna get slated as not sonic setup per say, but call it a sonic scout trade as TAH says.

Added to position due to Test in rising market.

Volume gave clues this morning which i commented on.

Chart attached.

Comments Welcome
Would wait a bit for the dragon to start shaping upwards..
MM
  • #34,947
  • May 16, 2012 4:31am May 16, 2012 4:31am
Quoting Conorado
EU Long
EP = 1.2715
SL = 1.2678
TP = 1.2768

This trade is 75% influenced by TAH :
"Sonicers, this sudden liquidity creation drive down to build a long position just messed up the PA waveform depicted for a possible SonicR long setup. Nevertheless, it is significant in that speaks volumes about bullish intent by the market, imho. So, stalking for a long breakout is still viable." and
"Looks like stopping volume/liquidity creation move down to build long positions on M15. I am still anticipating a pullback upwards" .
The...
Close manually @1.2725 for +10 pips. I don't like trading if news coming.
  • #34,948
  • May 16, 2012 4:35am May 16, 2012 4:35am
MY SHORT PLAN
Attached Image (click to enlarge)
Click to Enlarge Name: eu18.gif Size: 38 KB
  • #34,949
  • May 16, 2012 4:36am May 16, 2012 4:36am
EU:

I'm told my chart is not a valid Head and Shoulders depiction. Fine. But here is a story:

Once a trader disregarded PA that went beyond the rest, and destroyed an otherwise good pattern,....a pattern the trader banked on anyway. Others queried him about that. His response was, "Ignore it. That is just the market manipulating the price to take advantage of the same thing I am about to take advantage of." Which he did, and profited nicely.


Now, this pattern accurately predicted within 10 pips, even with averaging the Head Line. That is more than adequate! So far as I am concerned, there is truth to the story. And the "blocked" portion of PA is rightly ignored as just the market manipulating price to take advantage of what we all took advantage of.
Attached Image (click to enlarge)
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  • #34,950
  • May 16, 2012 4:39am May 16, 2012 4:39am
That is a correct head and shoulders, who told you other wise is an idiot !

Quoting traderathome
EU:

I'm told my chart is not a valid Head and Shoulders depiction. Fine. But here is a story:

Once a trader disregarded PA that went beyond the rest, and destroyed an otherwise good pattern,....a pattern the trader banked on anyway. Others queried him about that. His response was, "Ignore it. That is just the market manipulating the price to take advantage of the same thing I am about to take advantage of." Which he did, and profited nicely.


Now, this pattern accurately predicted within 10 pips, even with averaging the Head Line. That...
  • #34,951
  • May 16, 2012 4:43am May 16, 2012 4:43am
Maybe this will helps.

http://www.bloomberg.com/news/2012-0...er-greece.html
Money Management and Patience is the Key
  • #34,952
  • May 16, 2012 4:45am May 16, 2012 4:45am
EU Short
EP = 1.2715
SL = 1.2750
TP = 1.2671

Attached Image (click to enlarge)
Click to Enlarge Name: EU Short.png Size: 55 KB
  • #34,953
  • May 16, 2012 4:52am May 16, 2012 4:52am
Quoting scuderia
Maybe this will helps.

http://www.bloomberg.com/news/2012-0...er-greece.html
It was on the TV news about half an hour ago. Imagine, $891 milliion withdrawn from Greece banks by depositors! Guess they feel the banks are going to cheat them.....go bankrupt, but not before using depositors money to pay out big bonuses and severance pay. Just like our "Thieves of Bank Street" in NYC!
  • #34,954
  • May 16, 2012 4:55am May 16, 2012 4:55am
TAH
u r rite about H&S .. but i have calculate target =100% from top to buttom which end 1.2603
ur comment plse
Attached Image (click to enlarge)
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  • #34,955
  • Edited 5:29am May 16, 2012 4:59am | Edited 5:29am
GU and Market Comment:

Here is reason to suspect the market has turned bullish on EU and GU, maybe as preparation to execute a pullback upwards in the current down trends, but bullish nonetheless. Translation: The market quickly drove down the price over 60 pips, then poured on the volume!

And, Sonicers, this is just another way you can use the study of volume and price to help you figure out the bias of the market.
Attached Image(s) (click to enlarge)
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  • #34,956
  • May 16, 2012 5:01am May 16, 2012 5:01am
Just an opinion

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  • #34,957
  • May 16, 2012 5:02am May 16, 2012 5:02am
Quoting andyvxr
That is a correct head and shoulders, who told you other wise is an idiot !
Sorry Andy, but a Shoulder is NOT allowed to be bigger than the Head.

Now who is the "silly" one....

I think you owe me an apology as well
Attached Image (click to enlarge)
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  • #34,958
  • May 16, 2012 5:02am May 16, 2012 5:02am
Quoting alkenany
TAH
u r rite about H&S .. but i have calculate target =100% from top to buttom which end 1.2603
ur comment plse
Close enough. Heck, I just took averaged heights to quickly find target. You probably did differently.
  • #34,959
  • May 16, 2012 5:04am May 16, 2012 5:04am
The head is bigger than the shoulder numbnuts !



Quoting jayjonbeach
Sorry Andy, but a Shoulder is NOT allowed to be bigger than the Head.

Now who is the "silly" one....

I think you owe me an apology as well
  • #34,960
  • May 16, 2012 5:05am May 16, 2012 5:05am
Quoting jayjonbeach
Sorry Andy, but a Shoulder is NOT allowed to be bigger than the Head. Now who is the "silly" one.... I think you owe me an apology as well
I'll go with Jayonbeach, here. He's spent lots of time on all this "technical stuff". I'll throw in an apology too, since they seem to be in season right now. Yep, good chart jayonbeach. I can tell, because your target is close to mine!

Just Kidding,
-tah
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