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Sonic R. System

  • #35,101
  • May 19, 2012 10:45am May 19, 2012 10:45am
Quoting odges
short USDCHF
TP1 hit with 60pips profit
Attached Image (click to enlarge)
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Patience is the key.
  • #35,102
  • May 19, 2012 10:49am May 19, 2012 10:49am
My Week With SonicR:

I closed 4 of seven older trades this week. All were at profit for a net again of 249 pips.

This week I opened 8 new trades. I closed 4 of them and all were at profit for a net gain of 151 pips.

At the close of the week, the 4 new trades not closed had an aggragate of 117 net pips gain. The only trade at a loss in this group total is my AU long, which is down 77 at the close.

In conclusion, this was a good week representing 517 net pips gained had I closed all 8 of the new trades. I am glad I didn't though, because the PA directions I have been awaiting and talking about thru the week, seem to just be starting.

-tah
  • #35,103
  • Edited 12:05pm May 19, 2012 11:35am | Edited 12:05pm
Quoting andyvxr
Shorting Euro...SL - 100...Target and Entry on Chart...SM - Seem to be Shorting in the background
Quoting andyvxr
Righty, new chart attached. I have highlighted weak bars. It seems, SM are in these upbars selling, high volume suggests this and closing in the middle or low also suggests this. Looks like they just used the news, just now to pump up to sell more.
Quoting andyvxr
Hey, Take the re-distribution phase and measure length, longer more down, less less for target
Andy, good call on your EU short trade! And on your updates. Congratulations! Nice going, and I hope you got out before the move up on Friday progressed too far.

I also post on this trade of Andy's as a reminder to all Sonicers that at any time PA can move in the opposite direction. PA follows the black heart of the Price Manipulators of the Market, not TA (see pic. 4)! Sonicers, never forget that!
Attached Image(s) (click to enlarge)
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  • #35,104
  • May 19, 2012 11:38am May 19, 2012 11:38am
Quoting traderathome
Andy, good call on your EU short trade! And on your updates. Congratulations! Nice going!

I also post on this trade of Andy's as a reminder to all Sonicers that at any time PA can move in the opposite direction. PA follows the black heart of the Price Manipulators of the Market, not TA! Sonicers, never forget that!
so, EU spike just another market "manipulation"
is bear still there?
or its the reversal??

but the fundamental isnt good.
  • #35,105
  • May 19, 2012 11:57am May 19, 2012 11:57am
Quoting jajano
so, EU spike just another market "manipulation" is bear still there? or its the reversal?? but the fundamental isnt good.
EU and Market Comment:

At the beginning of trading last Sunday/Monday my outlook was that a retrace in the down trend was likely. And I stuck to that view thru the week, while the whole time the market continued spiking price downwards, and completing the spikes with very high trading at each new low thus achieved.

Due to this repeated spiking we all witnessed, now I am seriously wondering if this most recent move up (150+ pips swing!) is just retracement, or if it is the beginning of a reversal of the down trend. This past week the market did more of its share of "gobbling" at the lows. It stuffed itself at the lows! So the question is, was all this engorging at the lows by the market FAT CATs for a meager 100 pips on the average? Or, is the Sinister Black Heart of the Market more greedy than that?

Nobody knows. For me, when there is a question like that, I tend to go with the option that is based on the Market being a lying, deceiving, greedy sonofatbitch.

-tah
  • #35,106
  • May 19, 2012 12:03pm May 19, 2012 12:03pm
Quoting pipraiser
Dear Prof TAH, Master Sonic,

I have this question. Since the EUR is one of the 4 biggest traded currencies alongwith the USD, JPY and GBP, what will happen to the retail forex industry if the EUR ceases to exist?? I am a bit paranoid that retail forex trading might come to an end. It may be a dumb question but it has been bothering me for quite sometime. Thanks!

PR
I have no idea if the euro will ever cease to exist. I doubt it. But even if it did, currency trading has been around for a very long time, well predating the advent of the euro. And since retailer trading in the forex market is well established now, with lots of broker's business dependent upon it, I also doubt that retailer trading will suddenly cease to exist no matter what the future for the euro is. Just my opinion, however.

-tah
  • #35,107
  • May 19, 2012 1:56pm May 19, 2012 1:56pm
Quoting traderathome
I have no idea if the euro will ever cease to exist. I doubt it. But even if it did, currency trading has been around for a very long time, well predating the advent of the euro. And since retailer trading in the forex market is well established now, with lots of broker's business dependent upon it, I also doubt that retailer trading will suddenly cease to exist no matter what the future for the euro is. Just my opinion, however.
-tah
ofcourse will still exist.

i have a question prof .. weekend quiz ..
pick two your favor.. Macaulay Culkin, Sylvester Stallone, Sharon Stone, harrison ford, Lindsay Lohan, Keanu Reeves, Lady Gaga?
  • #35,108
  • May 19, 2012 2:41pm May 19, 2012 2:41pm
Quoting traderathome
Andy, good call on your EU short trade! And on your updates. Congratulations! Nice going, and I hope you got out before the move up on Friday progressed too far.

I also post on this trade of Andy's as a reminder to all Sonicers that at any time PA can move in the opposite direction. PA follows the black heart of the Price Manipulators of the Market, not TA (see pic. 4)! Sonicers, never forget that!
As anticipated

H.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eu 18-5-2012-daily.gif Size: 30 KB
"The future is already written in the past"
  • #35,109
  • May 19, 2012 4:45pm May 19, 2012 4:45pm
Quoting hansma
As anticipated

H.
Maybe anticipated, but not guaranteed. Sometimes PA bounces at S&R, sometimes it ranges, and sometimes it passes thru. It depends soley on what the market Big Guns have decided to do. And this is not necessarily what TA would lead some to anticipate. See 2nd pic. for examples of this fact.

-tah
Attached Image(s) (click to enlarge)
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  • #35,110
  • May 20, 2012 4:36am May 20, 2012 4:36am
Quoting traderathome
EU and Market Comment:

At the beginning of trading last Sunday/Monday my outlook was that a retrace in the down trend was likely. And I stuck to that view thru the week, while the whole time the market continued spiking price downwards, and completing the spikes with very high trading at each new low thus achieved.

Due to this repeated spiking we all witnessed, now I am seriously wondering if this most recent move up (150+ pips swing!) is just retracement, or if it is the beginning of a reversal of the down trend. This past week...
thx for the answer mr tah

btw im new in this thread, and gonna real all the first page.
i usually trade on bigger time frame actually , coz i didnt have so much time staring on my monitor.
  • #35,111
  • May 20, 2012 8:50am May 20, 2012 8:50am
Inserted Video



Sonic
  • #35,112
  • May 20, 2012 6:59pm May 20, 2012 6:59pm
Quoting traderathome
EU: Entered M1 SonicR long (EP= 1.2716).
Quoting traderathome
EU: Added 2nd long trade (Scout, EP= 1.2688[corrected]), ahead of the next USD high impact release coming in just minutes.
EU:

Trade1-TP reached for 56 pips gain EP= 1.2716 to TP= 1.2772.
Trade2-TP reached for 84 pips gain EP= 1.2688 to TP= 1.2772.
Attached Image (click to enlarge)
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  • #35,113
  • May 20, 2012 7:15pm May 20, 2012 7:15pm
GU:

Entered SonicR long (EP= 1.5814). Yes, it is not London session, so it being an asian session entry there is more risk of floundering, even reversing. However, this looks like a H&S formation (inverted). It might break out in asian session, and it might not. But if it does not, and price pulls back, it might not be much of a pullback. Chancey, but I'm taking it.
Attached Image (click to enlarge)
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  • #35,114
  • May 20, 2012 7:40pm May 20, 2012 7:40pm
Quoting traderathome
AU: Entered long (EP= 0.9920).
AU:

Added 2nd SonicR long (EP= 0.9862).
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  • #35,115
  • May 20, 2012 7:54pm May 20, 2012 7:54pm
Quoting traderathome
UChf: Entered short (EP= 0.9436).
UChf:

Manually closed for 52 pips gain EP= 0.9436 to close= 0.9384.
Attached Image (click to enlarge)
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  • #35,116
  • Edited 11:47pm May 20, 2012 11:27pm | Edited 11:47pm
Quoting traderathome
GU:

Entered SonicR long (EP= 1.5814). Yes, it is not London session, so it being an asian session entry there is more risk of floundering, even reversing. However, this looks like a H&S formation (inverted). It might break out in asian session, and it might not. But if it does not, and price pulls back, it might not be much of a pullback. Chancey, but I'm taking it.
Thanks for pointing this out. While I don't put too much "stock" in any patterns lower than H1, its a good looking and valid little H&S, and it is also on M30. Also to note, M30 shows a very nice bullish ascending Triangle, really both of these are on H1 too. As of this writing, we have 2 right shoulders, and price is getting squished into a corner and will have to pop up, or break the upward TL and go down, before the LO (well just barely, if it wants to hold out, it almost could). VSA says bias is up.

All aboard.

Ps. - I don't like how D1 looks, I'm sticking a tight SL on it, if the TL breaks I would rather just accept the small loss and the likely fact other plans are in the midst (like the bear flag snapping and price goes to test the RWL, which is also support, have a bad feeling on this, hope I'm wrong). OTOH, the Neckline is also resistance, so if we can pop over it, it might have a nice run. Good R:R setup, since its a very tight spot, and a tight SL can logically be placed.
  • #35,117
  • May 21, 2012 1:56am May 21, 2012 1:56am
Consistent High Volumes while the price is pushed down...how do we interpret that TAH...

Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 55 KB
MM
  • #35,118
  • May 21, 2012 2:13am May 21, 2012 2:13am
Can you make it automatic?

I have no free time left to continue to trade manually.
  • #35,119
  • Edited 3:23pm May 21, 2012 3:54am | Edited 3:23pm
UCad:
Sonicers, here is one that might fire off within a half hour...(chart is preliminary).
To enter SonicR short (EP= 1.0182).

FOMC member begins speaking....believe (just opinion) BBs trading this short, holding up price until that event. Your own decisions here, please.
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  • #35,120
  • May 21, 2012 4:06am May 21, 2012 4:06am
Quoting xredburn
Can you make it automatic? I have no free time left to continue to trade manually.
So sad. This is a manual system. But, you've only been around FF for one day, and already you are advising others on other threads. So, maybe you can take up being an advisor instead of being a trader. It takes less time.
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