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Sonic R. System

  • #37,861
  • Edited 3:11am Jul 25, 2012 2:17am | Edited 3:11am
EU Comment:

Remember last week the scuttlebutt was that the european banks were buying euros due to dangerous margin levels. They needed to bring euros into their margin accounts to rectify. The scuttlebutt was they were first torpedoing EU to give them more favorable rates to sell their dollars and buy the needed euros. "Stomping on the bid" was what the reporter called it.

Anyway, Friday EU was torpedoed again, and left low, maybe so banks could resume buying euros cheap today. Maybe this is what is now happening.
  • #37,862
  • Jul 25, 2012 2:18am Jul 25, 2012 2:18am
I better wait till NYO. time to resting for now. It could be just spike and fake. If you guys follow it. better watch it like hawk and set SL to bep or even +++.
Money Management and Patience is the Key
  • #37,863
  • Jul 25, 2012 2:19am Jul 25, 2012 2:19am
long GU, target DS2
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 42 KB
Keep Simple...!
  • #37,864
  • Jul 25, 2012 2:19am Jul 25, 2012 2:19am
Quoting kotlt
i try a luck with long EU
lock half profit with 30 pip and move to BE . Next target 1.2174
Keep Simple...!
  • #37,865
  • Jul 25, 2012 2:21am Jul 25, 2012 2:21am
Quoting kotlt
i try a luck with long EU
i took that too, but already TP on DS1.. nice free 20 pips.. my entry not good enough, so just bag 20 pips..

good trading for u..

What do u think about my chart?
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 41 KB
  • #37,866
  • Jul 25, 2012 2:36am Jul 25, 2012 2:36am
Quoting jasakreatif
i dont know found at googling
Other World Longest words.

Alterthumswissenschaften
Kinderbewahrungsanstalten
Unabhaengigkeitserklaerungen
  • #37,867
  • Jul 25, 2012 2:46am Jul 25, 2012 2:46am
Quoting kotlt
lock half profit with 30 pip and move to BE . Next target 1.2174
I will re enter eu long if she break 1.2150, and same Tp with u'r next target but a little lower. 1.2170 i think
  • #37,868
  • Jul 25, 2012 2:57am Jul 25, 2012 2:57am
Quoting traderathome
All Sonicers, here is a good example of what Sonic R. trading is not! Both entries were when PA was on the wrong side of the Dragon! You might have to hunt to see anything on that chart of junk, but he entered short when PA was above the Dragon, and he entered long when PA was below the Dragon. The chart says "sonic_r_on_icce", but this is nothing more than a trader's attempt at picking highs and lows. This is definately not Sonic R. The only good thing about this post is "...play in other sandboxes....", which we are already doing....
Price action is so clear in that chart... NOT !
cut losses short, let profits run.
  • #37,869
  • Jul 25, 2012 3:01am Jul 25, 2012 3:01am
Quoting alexbs
i took that too, but already TP on DS1.. nice free 20 pips.. my entry not good enough, so just bag 20 pips..

good trading for u..

What do u think about my chart?
If you don't get a good entry, don't chase the market. It's better not to have those 20 pips than see market reverse and get stopped out for even bigger loss. And no pips are free, they all carry risk :nerd:
cut losses short, let profits run.
  • #37,870
  • Jul 25, 2012 3:01am Jul 25, 2012 3:01am
Quoting Domas4
Price action is so clear in that chart... NOT !
What do u mean with "NOT"..

I didn't take a look that chart closely, to complicated for me to have all of that line on main chart.. ^^
  • #37,871
  • Jul 25, 2012 3:08am Jul 25, 2012 3:08am
Quoting traderathome
EU Comment:

Remember last week the scuttlebutt was that the european banks were buying euros due to dangerous margin levels. They needed to bring euros into their margin accounts to rectify. The scuttlebutt was they were first torpedoing EU to give them more favorable rates to sell their dollars and buy the needed euros.

Anyway, Friday EU was torpedoed again, and left low, maybe so banks could resume buying euros cheap today. Maybe this is what is now happening.

ECB Calls For Bids In 7-Day US$ Liquidity Op
FRANKFURT (MNI) - The European Central Bank said Wednesday that it will launch a 7-day liquidity providing operation to ease pressures in the short-term U.S. dollar funding markets.

The operation is carried out at a fixed rate of 0.66% with the central bank planing to satisfy all bids received against eligible collateral. The minimum bid is $5 million. The Euro/USD rate is set at 1.2061.

Bids for today's operation are due by 7:45 GMT today. Tender results will be announced at 09:00 GMT.
https://mninews.deutsche-boerse.com/...s-liquidity-op
  • #37,872
  • Jul 25, 2012 3:14am Jul 25, 2012 3:14am
Quoting Domas4
If you don't get a good entry, don't chase the market. It's better not to have those 20 pips than see market reverse and get stopped out for even bigger loss. And no pips are free, they all carry risk :nerd:
Thx for u'r advice mate.. I don't know but i was pretty sure that price will go up at least to DS1, but still i set my SL too.

So it was like free 20 pips for me.. No waiting for to long, no stress.. ^^

what i mean about "not good enough" is compared with his entry, a about 10 point with my entry..
  • #37,873
  • Jul 25, 2012 3:15am Jul 25, 2012 3:15am
Quoting alexbs
What do u mean with "NOT"..

I didn't take a look that chart closely, to complicated for me to have all of that line on main chart.. ^^
It's just an expression. Stating something and then adding "NOT" to reverse the meaning. Sarcasm of some sort...
cut losses short, let profits run.
  • #37,874
  • Jul 25, 2012 3:15am Jul 25, 2012 3:15am
See Diagram
Attached Image (click to enlarge)
Click to Enlarge Name: AUD.NZD 5min TF.jpg Size: 126 KB
  • #37,875
  • Jul 25, 2012 3:16am Jul 25, 2012 3:16am
Quoting kotlt
i try a luck with long EU
kotlt, there is no sense in posting a plain chart. We all have them. Put your EP, SL and TP(s) on it! Posting plain charts just wastes space.

Ask yourself this question, "How can someone that is trying to learn the Sonic R. System benefit from my posted chart?"
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 45 KB
  • #37,876
  • Jul 25, 2012 3:16am Jul 25, 2012 3:16am
I long AU and EJ, will update pic later

EJ target still not know...


Quote
kotlt, there is no sense in posting a plain chart. We all have them. Put your EP, SL and TP(s) on it, or don't post. Posting plain charts, which we all have, just wastes space on the thread.
Roger !!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au.gif Size: 43 KB
Click to Enlarge Name: ej.gif Size: 47 KB
Keep Simple...!
  • #37,877
  • Jul 25, 2012 3:18am Jul 25, 2012 3:18am
Quoting worldfreedom
See Diagram
no... no.. dont try technical on tsunami moment , ausie move up now
  • #37,878
  • Jul 25, 2012 3:22am Jul 25, 2012 3:22am
Quoting alexbs
Thx for u'r advice mate.. I don't know but i was pretty sure that price will go up at least to DS1, but still i set my SL too.

So it was like free 20 pips for me.. No waiting for to long, no stress.. ^^

what i mean about "not good enough" is compared with his entry, a about 10 point with my entry..
I cannot see neither your entry nor his. However, if you make an entry 10 pips late, you get -10 pips from your TP and +10 pips to your SL. And so you alter your Risk:Reward to the negative.
cut losses short, let profits run.
  • #37,879
  • Jul 25, 2012 3:22am Jul 25, 2012 3:22am
Quoting jasakreatif
no... no.. dont try technical on tsunami moment , ausie move up now
This pair is over bought. If a risk on rally ensues then the NZD moves faster than the AUD. This will cause the AUD.NZD to fall. This may not ever get filled as rally may fizzle. I usually do not like to sell any risk on pair when rollup is in play. I have a tight stop. But your observation is warranted. One should only enter with a tight stop on this trade.
  • #37,880
  • Jul 25, 2012 3:24am Jul 25, 2012 3:24am
Quoting traderathome
kotlt, there is no sense in posting a plain chart. We all have them. Put your EP, SL and TP(s) on it! Posting plain charts just wastes space.[...]
Golden words ! Post your Entries, TPs and SLs people.
cut losses short, let profits run.
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