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Sonic R. System

  • #38,681
  • Aug 15, 2012 10:53pm Aug 15, 2012 10:53pm
EU is weak while Gold/silver is up.. Hmm..

Sonic
  • #38,682
  • Edited 3:51am Aug 16, 2012 12:09am | Edited 3:51am
Quoting sonicdeejay
EU is weak while Gold/silver is up.. Hmm..

Sonic
maybe gold need another demand to up more, i shorted to give it demand to diib, technical ema look like give supply


closed . impact news changed plan , wait NY.
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  • #38,683
  • Aug 16, 2012 12:58am Aug 16, 2012 12:58am
Quoting sonicdeejay
EU is weak while Gold/silver is up.. Hmm..

Sonic
Gold still in the same Triangle it has been, and stuck in it since May on D1 in tight range.

I have it in the "D" wave, and when it touches the bottom TL it will be done D, which could happen today or in next couple of days. That only leaves "E", which is a very unpredictable leg (can undershoot or overshoot the TL).

At any rate, Gold has not, and is not going anywhere until this pattern completes (at least, that is the "plan".... ) This thing should break out in a very BIG way soon, and return to its normal volatile self. (late August, Sept is seasonally good for Gold, though I'm not so sure we are going according to "that" plan, this time). http://www.equityclock.com/charts/go...easonal-chart/

Gold is often a "tell" for what is happening bigger picture, so will be interesting to see what happens, or, which way she breaks (Triangles can be tricky, so don't "count" on either direction, trade what you see!)
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  • #38,684
  • Aug 16, 2012 2:52am Aug 16, 2012 2:52am
Quoting Grins
Do you mean support? Resistance is plotted on my chart with a green line, it's around 1.0506. I don't see a lot of support until 1.0480 and 1.0460ish. Should my short be triggered it won't struggle much with resistance.

Oh, you're referring to your channel lines. To be honest, I don't put a great deal of weight on short time frame trend lines.

To all; There is an interesting argument for a long in audusd right here, anyone taking it? I'm still in the bear camp but I can see a bullish potential. Also, first move in Asia is often a head...
I can see a bullish potential too. On D1 is possibility flags.
  • #38,685
  • Aug 16, 2012 3:36am Aug 16, 2012 3:36am
EU M15
Any other thoughts 'bout the EU today?
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  • #38,686
  • Edited 3:54am Aug 16, 2012 3:44am | Edited 3:54am
Quoting RoelsMajor
EU M15
Any other thoughts 'bout the EU today?

look for the next 1-2-3 wave to sell...

Edit: better still if you are using MACD (12,26,9) on M15 wait till cross down but must be abve the 0.0 level.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,687
  • Aug 16, 2012 4:10am Aug 16, 2012 4:10am
Quoting RoelsMajor
EU M15
Any other thoughts 'bout the EU today?
EU:

Yes. The asian session BBs hiked price to whole number area for short building. It might seem that the London session BBs are very slow to do the same. But this works for them. The longer they take, the more others will simply go ahead and take short positions. Then, and maybe in concert with the USD releases and the US BBs, the price will later be hiked big time, hitting the stops on the those that already took short positions. Yesterday the upper quarter number area was busy, and price might get spiked back towards it again today on a short building, stop hunting move.
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  • #38,688
  • Aug 16, 2012 5:08am Aug 16, 2012 5:08am
shorted @1.2266
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  • #38,689
  • Aug 16, 2012 5:19am Aug 16, 2012 5:19am
Quoting alkenany
shorted @1.2266
i am not happy shorting very close to uptrendline onH1,H4
any feedback on that
anyway closed short -6 pips
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  • #38,690
  • Aug 16, 2012 5:25am Aug 16, 2012 5:25am
Quoting alkenany
i am not happy shorting very close to uptrendline onH1,H4
any feedback on that
I was just thinking the same thing when you put up your first post... If it was me I'd wait for some kind of break/re-test pattern before entering. Even so, as long as you've set good stops you might come out with a break even or small profit?
Understanding yourself is synonymous with understanding the markets.
  • #38,691
  • Aug 16, 2012 5:33am Aug 16, 2012 5:33am
Quoting mjrsaunders
I was just thinking the same thing when you put up your first post... If it was me I'd wait for some kind of break/re-test pattern before entering. Even so, as long as you've set good stops you might come out with a break even or small profit?
thnx mjrsaunders for ur reply
i think yuo are rite
allready closed short
  • #38,692
  • Aug 16, 2012 6:14am Aug 16, 2012 6:14am
Quoting alkenany
i am not happy shorting very close to uptrendline onH1,H4
any feedback on that
anyway closed short -6 pips
EURUSD H4 and Daily
What the up trendline is?
We always see in the contrarian way
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  • #38,693
  • Aug 16, 2012 6:44am Aug 16, 2012 6:44am
Just re-open Buy EP 1.5703 TP 1.5745 SL 30 pips

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  • #38,694
  • Aug 16, 2012 7:13am Aug 16, 2012 7:13am
Market Comment:

Sonicers, don't forget there are three USD high impact releases coming. Entering trades ahead of them might not be the safest thing to do.....
  • #38,695
  • Aug 16, 2012 7:27am Aug 16, 2012 7:27am
Up and Down..Up and Down..
It makes the world go around..


Sonic
  • #38,696
  • Aug 16, 2012 7:40am Aug 16, 2012 7:40am
Quoting sonicdeejay
Up and Down..Up and Down..
It makes the world go around..


Sonic
And still well over an hour to go until the third USD high impact release. That is a lot of time for the market to whip prices around to hit stops and build a position.
  • #38,697
  • Aug 16, 2012 7:48am Aug 16, 2012 7:48am
Quoting traderathome
EU:

Yes. The asian session BBs hiked price to whole number area for short building. It might seem that the London session BBs are very slow to do the same. But this works for them. The longer they take, the more others will simply go ahead and take short positions. Then, and maybe in concert with the USD releases and the US BBs, the price will later be hiked big time, hitting the stops on the those that already took short positions. Yesterday the upper quarter number area was busy, and price might get spiked back towards it again today on a short...
EU:

PA has been taken up to that quarter number area. And each step up involved more trading, with highest trading at the highs. I'd read this as bearish, not bullish.
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  • #38,698
  • Aug 16, 2012 8:11am Aug 16, 2012 8:11am
Quoting traderathome
UCad: Entered long as shown. SL will remain mental thru the USD high impact releases.

Edit: Added trade 2 as shown (2nd pic). Same TP for now. SL remains mental.
UCad: Added long trade #3 as shown.
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  • #38,699
  • Aug 16, 2012 9:35am Aug 16, 2012 9:35am
I'm bullish this pair long term, but not quite yet. I think we have begun a new trend. Fundamentally Japan has an aging population that will soon over burden it's economic system, I feel the jpy will lose it's safe haven status soon in favor of the usd. The usd will soar in spite of the attempts by Fed to keep it in the toilet.

H4 is probably the most important chart of this group showing strong S&R as well as the breakout. I am stalking a long position using the Sonic strategy, the time is not here yet.

Grins
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  • #38,700
  • Aug 16, 2012 10:32am Aug 16, 2012 10:32am
Basically the whole week has been a drive the price down with a lot of bull bearish battle at new release. Then today you have reaction off of S/R levels that wiped out a whole week of creeping down moves in 2 hours.
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