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Sonic R. System

  • #37,501
  • Jul 19, 2012 4:52am Jul 19, 2012 4:52am
Quoting worldfreedom
Sonic weekly time frame is a very large time frame to trade. There are many fundamental events occurring at a rapid pace. such as Germany is voting weather to bailout the Spanish banks as I post. Spanish Bonds back above 7%. No interest in Bonds from Spain. Looks like a failed auction. Possible breakout of war. Battleships preparing to engage. 4 US Aircraft carriers in Gulf. Oil shooting back above $90per barrel. Please enlighten as what you see.

Thanks,
World Freedom
i see doji on weekly chart... hahaha, but also breakdown previous low...
  • #37,502
  • Jul 19, 2012 4:55am Jul 19, 2012 4:55am
Quoting Conorado
GU Short

Attachment
SL hit -20pips
  • #37,503
  • Jul 19, 2012 4:56am Jul 19, 2012 4:56am
told you. carefull with sort. I am averaging it down and just close with gain of GU +70 pips and EU +55 pips. I think that's enough for the day.
Money Management and Patience is the Key
  • #37,504
  • Jul 19, 2012 4:57am Jul 19, 2012 4:57am
All i can say.

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  • #37,505
  • Jul 19, 2012 5:00am Jul 19, 2012 5:00am
Quoting Conorado
SL hit -20pips
no need to worry, a lot of profit waiting for u next trade..

I loss too, -14 and -11 for shorting GU >.<
  • #37,506
  • Jul 19, 2012 5:08am Jul 19, 2012 5:08am
Quoting alexbs
i see doji on weekly chart... hahaha, but also breakdown previous low...
Not only a doji, but one with higher volume than the gigantic bear candle just before it! And look at the bullilsh wedge on W1! Seems SM is closing shorts and maybe opening longs.
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  • #37,507
  • Jul 19, 2012 5:38am Jul 19, 2012 5:38am
Quoting traderathome
GN: Entered short on pullback up to Trend line, per attached. It could go higher. SL2 for LS (more breathing room) if needed.
GN: Altered my expectations and closed this at 3rd choice of TP for 72 pips gain EP1 to EP3. This blew thru several mental SLs, but finally came good. Wasn't worth the effort, though, to trade this "off brand" pair.
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  • #37,508
  • Jul 19, 2012 5:40am Jul 19, 2012 5:40am
Quoting traderathome
Not only a doji, but one with higher volume than the gigantic bear candle just before it! And look at the bullilsh wedge on W1! Seems SM is closing shorts and maybe opening longs.
i see... i'm too interesting for short... coz now is already late for long...

thx for u'r info tah.. i was closing my short GU trade on resistance..

now i'm waiting for next long setup ^^
  • #37,509
  • Jul 19, 2012 5:45am Jul 19, 2012 5:45am
Quoting traderathome
GN: Altered my expectations and closed this at 3rd choice of TP for 72 pips gain EP1 to EP3. This blew thru several mental SLs, but finally came good. Wasn't worth the effort, though, to trade this "off brand" pair.
Not a good trade for me..

but lucky for u... and trade save
  • #37,510
  • Jul 19, 2012 5:48am Jul 19, 2012 5:48am
Quoting jasakreatif
so.. what you trade now , busy with forum forgot to trade
No No. I took already long GU at 1.56734 SL 1.56310. I left for lunch..
  • #37,511
  • Edited 6:17am Jul 19, 2012 5:58am | Edited 6:17am
EU Commentary:

Attached is pic. for pending order. The long trade is based not only on the setup shown, but on the longer TF story already posted today (and previous days, see H4 and W1 charts posted). The TPs shown are only my pick for today. If this goes long, much higher TPs might come into play over ensuing days.

The SL is a problem on this one today due to multiple USD high impact releases coming. I'd not be surprised if the Buggers whipsaw the gazoo out of this today. Assuming PA ends up going long, the Buggers might nevertheless whip prices quite low, maybe even lower than a low of some recent day! A 100+ pips whip down might not be unreasonable to expect considering how low and quickly this has fallen over recent weeks. If they really put the pump to this after a 100+ pips sudden whip down, they can make a fortune real fast!

A bull move towards the upper whole number area (TPs and RDH located there) would represent a good 200+ pips swing up from the lows late last week, and place PA in the next previous area of consolidation (see H1 or H4 chart).

My SL is mental thru all that might come today.

I welcome opening a discussion on this up until the action starts.....


-tah
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  • #37,512
  • Edited 7:36am Jul 19, 2012 5:58am | Edited 7:36am
News = Unemployment Claims (Source FF)

Desceiption = The number of individuals who filed for unemployment insurance for the first time during the past week;

Effect = Actual < Forecast = Good for currency;

Why Traders Care = Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions;

Result = Negative Previous 350K Today 386K
  • #37,513
  • Jul 19, 2012 6:07am Jul 19, 2012 6:07am
EU: Entered long, per attached. See previous post for more details.
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  • #37,514
  • Jul 19, 2012 6:10am Jul 19, 2012 6:10am
This is my goal for using SonicR:

http://www.e-gineer.com/v2/blog/2008...yImplement.gif

  • #37,515
  • Jul 19, 2012 6:16am Jul 19, 2012 6:16am
Quoting traderathome
EU Commentary:

Attached is pic. for pending order. The long trade is based not only on the setup shown, but on the longer TF story already posted today (and previous days, see H4 and W1 charts posted). The TPs shown are only my pick for today. If this goes long, much higher TPs might come into play over ensuing days.

The SL is a problem on this one today due to multiple USD high impact releases coming. I'd not be surprised if the Buggers whipsaw the gazoo out of this today. Assuming PA ends up going long, the Buggers might nevertheless...
I agree that the EU will likely move long but there is considerable risk in the position. The IMF announced that the EU was a questionable currency. They admitted that the EU was under considerable risk. The Spanish banks are on the verge of failure. Here in the USA many municipalities are filling for bankruptcy. We lost Stockton California, Mammoth Lakes, San Bernadino, and now the city of Compton have filed for Bankruptcy this month alone. It seems the world as a whole is broke and on the verge of spinning out of control.

The capital markets are expecting the USA FED to print. I do not think they will print unless the Dow falls at least 10%. This could cause all the majors to fall until another QE is initiated.
  • #37,516
  • Jul 19, 2012 6:24am Jul 19, 2012 6:24am
Quoting worldfreedom
I agree that the EU will likely move long but there is considerable risk in the position. The IMF announced that the EU was a questionable currency. They admitted that the EU was under considerable risk. The Spanish banks are on the verge of failure. Here in the USA many municipalities are filling for bankruptcy. We lost Stockton California, Mammoth Lakes, San Bernadino, and now the city of Compton have filed for Bankruptcy this month alone. It seems the world as a whole is broke and on the verge of spinning out of control.
Yes, and even walking outside and breathing the poluted air we now have around our planet is a risk.

Based on what I see on the charts, SM has been closing shorts and maybe opening longs for days now. I don't think they are worried about all the stuff you mention, and which is a valid concern for folks as a whole. But this is the forex market, where SM will jive, manipulate and deceive,.....and be out of their positions with a fortune before any shit hits the fan. Just my take, though.

Really, maybe the IMF is not but another "talking head" for SM, spreading rumors of gloom and doom, just so SM can sucker traders to go short while they go long. Just joking, of course, but if you consider the IMF statement and think a bit, what currency today is not "questionable"? Huh?

-tah
  • #37,517
  • Jul 19, 2012 6:34am Jul 19, 2012 6:34am
Quoting traderathome
Yes, and even walking outside and breathing the poluted air we now have around our planet is a risk.

Based on what I see on the charts, SM has been closing shorts and maybe opening longs for days now. I don't think they are worried about all the stuff you mention, and which is a valid concern for folks as a whole. But this is the forex market, where SM will jive, manipulate and deceive,.....and be out of their positions with a fortune before any shit hits the fan. Just my take, though.

-tah
I agree with what you are saying. I am looking to enter long at 1.22477 and second entry 1.22215. I expect them to whip saw before the move up. The volume has not spiked to what I would expect for a large move up. .
  • #37,518
  • Jul 19, 2012 6:34am Jul 19, 2012 6:34am
Quoting worldfreedom
Here in the USA many municipalities are filling for bankruptcy. We lost Stockton California, Mammoth Lakes, San Bernadino, and now the city of Compton have filed for Bankruptcy this month alone. It seems the world as a whole is broke and on the verge of spinning out of control.
Based on your information i am expecting Unemployment Claims going to be increasing and EU going to fall. Let see what will happen?
Attached Image
  • #37,519
  • Jul 19, 2012 6:42am Jul 19, 2012 6:42am
Quoting GuruKrish
Based on your information i expecting Unemployment Claims going to be increasing and EU going to fall. Let see what will happen?
I believe that unemployment will print better than expected. Squashing the possibility of a near term printing of Money. I believe EU will rally to around 1.24ish area before reality sets in.
  • #37,520
  • Jul 19, 2012 6:43am Jul 19, 2012 6:43am
Quoting traderathome
EU: Entered long, per attached. See previous post for more details.

Double confirmation, i am in with TAH! SL a bit tight, but if needed can be moved, let see what today will bring?

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There is no spoon....
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