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Sonic R. System

  • #38,701
  • Aug 16, 2012 10:38am Aug 16, 2012 10:38am
These are tough markets, folks. When volumes are this low it's a BB playground. Here's how thin the markets are right now,

"Since August 3 (eight sessions) the Dow has traded as high as 13,223.01 and as low as 13,094.96 for a range of 128 points, or 0.98 percent. In percentage terms that is the narrowest 8-day trading range since at least 1950. I couldn't check back any further than 1950, but I think the point is clear. No conviction, no volume, truly the dog days of summer on Wall Street!"


http://www.businessinsider.com/a-min...#ixzz23iwnmpTB

"The more I practice the luckier I get." Gary Player
  • #38,702
  • Aug 16, 2012 10:59am Aug 16, 2012 10:59am
Heck it could go right back down. You have a clear ranging going on and really nothing to stop it. The US and the Euro suck with the Euro sucking a little worse. Nobody want to bet on the Euro and the US economy is not saying anything as negative as others issues going on. Even minor stability is big right now which the US economy is showing. In the end it means nothing. The BB will adjust the prices how they need to in agreement with others to get what they want. THe little guy just needs to watch PA and SR and they will be fine.
  • #38,703
  • Aug 16, 2012 11:09am Aug 16, 2012 11:09am
Quoting Grins
Entry order in place, audusd. It's the trendline on the hourly luring me in, small position. sell [email protected], [email protected], [email protected]
Stopped out.
"The more I practice the luckier I get." Gary Player
  • #38,704
  • Aug 16, 2012 11:19am Aug 16, 2012 11:19am
Quoting Grins
Stopped out.
I got stopped out as well

arasheed
  • #38,705
  • Aug 16, 2012 11:36am Aug 16, 2012 11:36am
Quoting arasheed
I got stopped out as well

arasheed
I suspect it was a stop run. But, it's now a new high and needs to be seen as that.

I didn't want to ride it out so I took the loss, another bus is already coming around the corner,
"The more I practice the luckier I get." Gary Player
  • #38,706
  • Edited 12:05pm Aug 16, 2012 11:48am | Edited 12:05pm
Quoting Grins
I suspect it was a stop run. But, it's now a new high and needs to be seen as that.

I didn't want to ride it out so I took the loss, another bus is already coming around the corner,
Hi mate,

Why are you shorting into a s/r flipzone

Regards,
H.
Attached Image (click to enlarge)
Click to Enlarge Name: au 15 min aug 16-2012.gif Size: 35 KB
"The future is already written in the past"
  • #38,707
  • Aug 16, 2012 11:51am Aug 16, 2012 11:51am
Quoting Grins
I suspect it was a stop run. But, it's now a new high and needs to be seen as that.

I didn't want to ride it out so I took the loss, another bus is already coming around the corner,
EurUsd is inching up due to weak US Manufacturing data, is AudUsd will follow this ?

arasheed
  • #38,708
  • Aug 16, 2012 11:58am Aug 16, 2012 11:58am
Quoting hansma
Hi mate,

Why are you shorting into a s/r flipzone

Regards,
H.
The short was an entry when it hit new lows below the support line you have drawn,1.0491. I wasn't 100% confident in it, hence the small position.

It was a loser, they happen.

Hans, would you do me the favor of discussing your chart? Please explain when the dotted lines are put on the chart, and for all of us explain the term 'flipzone'

Thanks my friend!
"The more I practice the luckier I get." Gary Player
  • #38,709
  • Edited 12:19pm Aug 16, 2012 12:09pm | Edited 12:19pm
Quoting Grins
The short was an entry when it hit new lows below the support line you have drawn,1.0491. I wasn't 100% confident in it, hence the small position.

It was a loser, they happen.
Ok, thanks mate

The "dotted" lines is an indicator I use to plot the Asian session, to give me a better visual of what went on in that session.

Flipzones are places where the market shifts momentum ie like where it breaks a supply area and then later return for a retest.

What was supply has now become demand (for longs) for shorts it´s just the opposite.

Regards,
H.
"The future is already written in the past"
  • #38,710
  • Edited 12:42pm Aug 16, 2012 12:28pm | Edited 12:42pm
Quoting hansma
Hi mate,

Why are you shorting into a s/r flipzone

Regards,
H.
Thanks Mate, added my thoughts. BTW, it's abundantly clear I was wrong.
Attached Image (click to enlarge)
Click to Enlarge Name: au 15 min aug 16-2012.gif Size: 120 KB
"The more I practice the luckier I get." Gary Player
  • #38,711
  • Aug 16, 2012 12:41pm Aug 16, 2012 12:41pm
Quoting Grins
Thanks Mate, added my thoughts.
So did I
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Click to Enlarge Name: au 15 min aug 16-2012 grins.gif Size: 124 KB
"The future is already written in the past"
  • #38,712
  • Aug 16, 2012 12:50pm Aug 16, 2012 12:50pm
Quoting hansma
So did I
Thanks for the view through your eyes!

You have shown me another way of seeing price action. I'm learning S&D, it's a tool I want in my box.
"The more I practice the luckier I get." Gary Player
  • #38,713
  • Aug 16, 2012 1:05pm Aug 16, 2012 1:05pm
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  • #38,714
  • Aug 16, 2012 2:38pm Aug 16, 2012 2:38pm
Quoting jasakreatif
  • #38,715
  • Aug 16, 2012 10:12pm Aug 16, 2012 10:12pm
Quoting albus999
dont miss in terpretations the pic is just a joke.
  • #38,716
  • Aug 17, 2012 1:21am Aug 17, 2012 1:21am
I looks like people are returning from their vacations. The market is finally picking up and starting to move. watch for the wipsaws as everyone returns.
  • #38,717
  • Aug 17, 2012 3:13am Aug 17, 2012 3:13am
Quoting jasakreatif
dont miss in terpretations the pic is just a joke.
EU M15
Let's eat Banana's
We need bananas!
Attached Image (click to enlarge)
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fooled by randomness in art
Meditation All Time Return: 8.9%
  • #38,718
  • Aug 17, 2012 3:56am Aug 17, 2012 3:56am
longed @1.2368 TP @1.2420
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  • #38,719
  • Aug 17, 2012 4:10am Aug 17, 2012 4:10am
Quoting alkenany
longed @1.2368 TP @1.2420
Yes the pattern more "bull" than "bear", but I think I will "just" see how the prices reacts to resistant around 1.23750...
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #38,720
  • Aug 17, 2012 4:11am Aug 17, 2012 4:11am
Quoting traderathome
AU:

Entered short as shown.
AU: TP2 finally reached. Trade closed for 121 pips gain EP1 to TP2.
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