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Sonic R. System

  • #35,001
  • Edited 9:51am May 16, 2012 9:12am | Edited 9:51am
Quoting jaau
What you think friends?
If this is going to happen, it might just look something like that. Look at the DPV just above, its right at the 50% Fib retrace, looks like a logical target to me, and forms the wedge a little more. No one knows

I am expecting it to either be all over right here, or USD goes up to 82 and Eur has one last leg down

Speculative as usual
  • #35,002
  • May 16, 2012 9:32am May 16, 2012 9:32am
Merkel to speak..

http://2.bp.blogspot.com/-A_1--sM1WC...ela-merkel.jpg

Mkt going 1.27x ??

Sonic
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  • #35,003
  • May 16, 2012 9:53am May 16, 2012 9:53am
shorted 2741 M5
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  • #35,004
  • May 16, 2012 10:04am May 16, 2012 10:04am
There is a falling wedge on the USD, if it breaks out upward it will head to 82 most likely. Its a BIG IF ATM

It actually looks like a Bull Flag, and could carry the USD far past 82 as well. spec
  • #35,005
  • May 16, 2012 10:07am May 16, 2012 10:07am
Quoting alkenany
shorted 2741 M5
target hit +40 fast
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  • #35,006
  • May 16, 2012 10:08am May 16, 2012 10:08am
Consider it broken out
  • #35,007
  • May 16, 2012 10:16am May 16, 2012 10:16am
This is actually a Flag Pennant Continuation formation, means move will continue, usually the distance of the "flag pole"

Look at it retreat now though. Fakeout?
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  • #35,008
  • May 16, 2012 10:19am May 16, 2012 10:19am
It's quite ready for a retracement soon, methinks
  • #35,009
  • May 16, 2012 10:23am May 16, 2012 10:23am
Shorting Euro

SL - 100

Target and Entry on Chart

SM - Seem to be Shorting in the background
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  • #35,010
  • Edited 10:41am May 16, 2012 10:25am | Edited 10:41am
EU and Market Comment:

Just like the comment earlier on GU. Look at M1 volume price action. It tells the story. The market slammed down the price and then went to work gobbling up positions......"Buy low, sell high." For me, the retrace upwards in the trend down is not yet underway. Maybe the market is satiating its greed for longs, before it begins the retrace, with this current price manipulation. If so, then perhaps we can next begin the retrace. (Speculative)

If we get much more of this price manipulation crap from the market, I might start believing all this is not just to build longs to profit from a retrace move up later. Instead, I might start believing we are looking not at the preparations for a retrace, but for another trend reversal. (Also Speculative)

Maybe Uncle Ben leaked something bad for USD from the FOMC Meeting Minutes to be releasesd later, and the market acted on insider information, which is legal to do in the unregulated forex market. (Also Speculative)
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  • #35,011
  • May 16, 2012 10:49am May 16, 2012 10:49am
Quoting andyvxr
Shorting Euro

SL - 100

Target and Entry on Chart

SM - Seem to be Shorting in the background
I thought you are VSA trader, look at the volume. VSA trader will never short here and the time of the day is not right too. Sorry if I offend you in anyway but it's my take on it. What do you think?
  • #35,012
  • May 16, 2012 10:54am May 16, 2012 10:54am
Hey there,

No not offended.

SM are always working 24/7, not just in the London, New York sessions, i have seen moves occur at 10pm London time when no session is trading, their very sneaky.

I saw the Sm building longs like TAH said this morning, but then something happened with the blue candle at the top of the move, that closed near the low on high volume.

Plus we are still in a downtrend and the wave pattern looks good to me.

I take trades at anytime they come up as i believe the SM are always awake and working to screw the herd.




Quoting duyk20
I thought you are VSA trader, look at the volume. VSA trader will never short here and the time of the day is not right too. Sorry if I offend you in anyway but it's my take on it. What do you think?
  • #35,013
  • May 16, 2012 10:57am May 16, 2012 10:57am
Quoting sonicdeejay
Stopping vol do not stop for few days now..Sonic
Looks like "stopping volume" is effective now. So much so, it appears the Market is giving it quite the workout today.
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  • #35,014
  • May 16, 2012 10:57am May 16, 2012 10:57am
Quoting andyvxr
Hey there,

Thanks for the reply and good-luck for the trade
  • #35,015
  • May 16, 2012 11:02am May 16, 2012 11:02am
Many thanks

Quoting duyk20
Thanks for the reply and good-luck for the trade
  • #35,016
  • May 16, 2012 11:02am May 16, 2012 11:02am
Quoting sonicdeejay
Stopping vol do not stop for few days now..
Yes, master. That worries me a little..
  • #35,017
  • May 16, 2012 11:07am May 16, 2012 11:07am
Quoting andyvxr
SM are always working 24/7, not just in the London, New York sessions. I have seen moves occur at 10pm London time when no session is trading, they're very sneaky. I take trades at anytime they come up as i believe the SM are always awake and working to screw the herd.
Agreed. Big investment houses have trading facilities around the world (USA, Europe, Asia, etc.) and therefore they can be active in the forex market during all the hours that are important to them.

However, Master Sonicdeejay has recommended entering a trade only in the London session because that is when there is the most activity in the market. And this highest level of activity translates into a higher probability that any Sonic R. setup move will continue enough to be more profitable.
  • #35,018
  • May 16, 2012 11:11am May 16, 2012 11:11am
I understand, i prefer to take trades within them times, but i have had success throughout all time periods, so im happy enough lol

I dont mind holding either which suits me.


Quoting traderathome
Agreed. Big investment houses have trading facilities around the world (USA, Europe, Asia, etc.) and therefore they can be active in the forex market during all the hours that are important to them.

However, Master Sonicdeejay has recommended entering a trade only in the London session because that is when there is the most activity in the market. And this highest level of activity translates into a higher probability that any Sonic R. setup move will continue enough to be more profitable.
  • #35,019
  • May 16, 2012 11:59am May 16, 2012 11:59am
Added to short position

This is a upbar, closing on the low, higher volume than previous three bars on the histogram, SM selling in this bar.

Quoting andyvxr
Shorting Euro

SL - 100

Target and Entry on Chart

SM - Seem to be Shorting in the background
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  • #35,020
  • May 16, 2012 7:07pm May 16, 2012 7:07pm
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