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Sonic R. System

  • #35,021
  • May 16, 2012 7:20pm May 16, 2012 7:20pm
EU:

This larger span PA wave provides a SonicR long setup. The PA within the wave is very choppy due to all the price manipulations in the market yesterday when prices were kept pretty much in a range, but with notable moves to extreme lows. These moves to extreme lows are taken as liquidity creation moves by the market for the purpose of getting some low priced long orders filled in preparation for "something" coming. This "something" might be starting to happen already today.
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  • #35,022
  • May 16, 2012 7:49pm May 16, 2012 7:49pm
Quoting traderathome
EU:

This larger span PA wave provides a SonicR long setup. The PA within the wave is very choppy due to all the price manipulations in the market yesterday when prices were kept pretty much in a range, but with notable moves to extreme lows. These moves to extreme lows are taken as liquidity creation moves by the market for the purpose of getting some low priced long orders filled in preparation for "something" coming. This "something" might be starting to happen already today.
woo, something coming??

but im still with bear
  • #35,023
  • Edited 8:33pm May 16, 2012 8:09pm | Edited 8:33pm
2 ways to play this. See my charts for more info. I am short this from long ago, however this is a good re-entry point for someone OR you can wait until the Neckline breaks. There are other things going on, but this is mainly what I am expecting, with TP noted on H1 chart.

Note it might even make another bigger right shoulder (NOT bigger than the Head, let's not get into why it appears Andy is missing the HEAD on his SHOULDERS.... ooops, no apology from Andy, oh well) but its not really what I am expecting, I see much weakness here as my Weekly chart posted several days ago shows. Note there is a VERY important Trendline on D1 that price will have to get under if this is to play out (not shown). I expect a bounce of the TL, retest of the Neckline, and then a crash down. Spec, of course.
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  • #35,024
  • Edited 8:59pm May 16, 2012 8:10pm | Edited 8:59pm
Quoting traderathome
EU:

This larger span PA wave provides a SonicR long setup. The PA within the wave is very choppy due to all the price manipulations in the market yesterday when prices were kept pretty much in a range, but with notable moves to extreme lows. These moves to extreme lows are taken as liquidity creation moves by the market for the purpose of getting some low priced long orders filled in preparation for "something" coming. This "something" might be starting to happen already today.
The USD situation is "almost" decided, not quite, but it almost looks all over.

I had no idea this was a FED day, they often signify major reversals. Shame on me for not keeping up with one of the most important news events, ridiculously busy or not (NFP the other). Now it makes sense why everything was coming to a head all the over the place, Gold, Buck, SPX, Eur,, etc, and why I seen so much "activity" yesterday in the charts I was viewing. OF course Ben will print again, its all he knows. This is what Gold wants, and I am long Gold for now, as a spec play and early entry, also for other Technical reasons.

Note that a move down on bucky, might only serve as a fakeout as well, there is much more work to be done before it can be declared "done". (as I say, if it is at all, too early to tell)

This is just all my speculative opinion, of course
  • #35,025
  • May 16, 2012 8:25pm May 16, 2012 8:25pm
hello, can someone teach me about this sonicR risk:reward ratio wisely ?

  • #35,026
  • May 16, 2012 9:02pm May 16, 2012 9:02pm
Quoting jajano
hello, can someone teach me about this sonicR risk:reward ratio wisely ?

Wire me $50k, I will tell u, whether the risk that u took will account for the reward that u will receive or not..

Sonic
  • #35,027
  • May 16, 2012 9:07pm May 16, 2012 9:07pm
Quoting sonicdeejay
Wire me $50k, I will tell u, whether the risk that u took will account for the reward that u will receive or not..

Sonic
  • #35,028
  • Edited 10:37pm May 16, 2012 9:11pm | Edited 10:37pm
Quoting sonicdeejay
Wire me $50k, I will tell u, whether the risk that u took will account for the reward that u will receive or not..

Sonic
  • #35,029
  • May 16, 2012 9:19pm May 16, 2012 9:19pm
AU:

Entered long (EP= 0.9930).
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  • #35,030
  • May 16, 2012 9:24pm May 16, 2012 9:24pm
Quoting traderathome
AU:

Entered long (EP= 0.9930).
wao, nice trade...

so, the down trend is over for AU ??
  • #35,031
  • May 17, 2012 1:01am May 17, 2012 1:01am
Is this a valid setup...gotta wait till Lo open

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MM
  • #35,032
  • May 17, 2012 1:14am May 17, 2012 1:14am
Quoting traderathome
AU:

Entered long (EP= 0.9930).
AU:

Manually closed for 24 pips gain EP= 0.9930 to close= 0.9954. Very little action up here. USD high impact releases later could cause the market to do anything. Better, I now think, to take profit and wait.
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  • #35,033
  • May 17, 2012 1:43am May 17, 2012 1:43am
Morning People,

I would like your comments on the following as i have a concern.

Been thinking overnight about the risk reward ratios, using the system.

I current use a stop loss of 100 pips as mentioned by Sonic.

My targets over the last few days have been to the RDL or RDH, used as profit targets.

What i am finding is that for the risk of 100 pips i am only banking half that amount on average at the max when i have winners.

Sometimes only banking 30 pips

The concern is that most of my gains could be taken out by one or two losers.

Any comments ?
  • #35,034
  • May 17, 2012 1:57am May 17, 2012 1:57am
Quoting andyvxr
Morning People,

I would like your comments on the following as i have a concern.

Been thinking overnight about the risk reward ratios, using the system.

I current use a stop loss of 100 pips as mentioned by Sonic.

My targets over the last few days have been to the RDL or RDH, used as profit targets.

What i am finding is that for the risk of 100 pips i am only banking half that amount on average at the max when i have winners.

Sometimes only banking 30 pips

The concern is that most of my gains could be taken out by one...
I could comment, but I only talk shit
  • #35,035
  • May 17, 2012 2:00am May 17, 2012 2:00am
God your a funny guy you !


Quoting jayjonbeach
I could comment, but I only talk shit
  • #35,036
  • May 17, 2012 2:11am May 17, 2012 2:11am
Quoting jayjonbeach
The USD situation is "almost" decided, not quite, but it almost looks all over.

Note that a move down on bucky, might only serve as a fakeout as well, there is much more work to be done before it can be declared "done". (as I say, if it is at all, too early to tell)

This is just all my speculative opinion, of course
And now the buck is back in action, nothing is decided and 82 is still a heat magnet. It looks ready to run, which will put pressure on Eur and Gold among other things. 81.60 where it is now is last resistance to 82
  • #35,037
  • Edited 3:08am May 17, 2012 2:55am | Edited 3:08am
Watch what happens to the Eur when this pattern breaks out. I think it will be a very fast swift move, no one knows, but I have seen and traded these a 1000 times. These things normally explode when finished, and the bigger they are, the more violent the reaction. This is only on a 10 minute chart, so very small.

This is an Elliot Wave Triangle, and one of my favourite patterns. The labels are speculative, and could be wrong. E can end just about anywhere and at anytime. Now, middle, Bottom line and even under and overshoot the Triangle which could be a fakeout.

All speculative of course, something to watch if you are trading Eur or anything against the buck. This was the FLAG from the larger picture I posted yesterday, with the pole if anyone recalls. Please remember everything could be wrong, it could break down instead, there is no 100% accurate crystal ball. These are just things I watch, and watch how price reacts, thus price action, in action.

All eyes on the buck right now
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  • #35,038
  • May 17, 2012 3:09am May 17, 2012 3:09am
Revised Price Target

Chart Attached


Quoting andyvxr
Shorting Euro

SL - 100

Target and Entry on Chart

SM - Seem to be Shorting in the background
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  • #35,039
  • May 17, 2012 3:13am May 17, 2012 3:13am
Quoting andyvxr
Morning People,

I would like your comments on the following as i have a concern.

Been thinking overnight about the risk reward ratios, using the system.

I current use a stop loss of 100 pips as mentioned by Sonic.

My targets over the last few days have been to the RDL or RDH, used as profit targets.

What i am finding is that for the risk of 100 pips i am only banking half that amount on average at the max when i have winners.

Sometimes only banking 30 pips

The concern is that most of my gains could be taken out by one...

Hi andyvxr,

I think that if you want to risk less and get more profit you should change to a bigger TF. But it's just my 2 cents.
  • #35,040
  • May 17, 2012 4:16am May 17, 2012 4:16am
I shorted 2750
TP1 2752
TP2 2605
SL not set
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