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Sonic R. System

  • #38,761
  • Aug 20, 2012 9:17am Aug 20, 2012 9:17am
EU
Trade close at 1.2325 for +24 pips
+UChf for +20 pips
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fooled by randomness in art
Meditation All Time Return: 8.9%
  • #38,762
  • Aug 20, 2012 10:44am Aug 20, 2012 10:44am
AU Commentary:

It is late in the LS, but this one might still be "in-play" thru the US session and into the early asian session due to the AUD high impact release that is coming out in less than 10 hours.

This was sold off from the highs of the early LS. The US BBs pumped it back up (FR 62% retrace) and you can see the consistency of high trading at the highs they've achieved so far. This could go higher. Maybe by the US BBs orchestrating another pump, or the early asian session BBs doing so. In any case, the market seems to be building shorts on this one. And unlike others (EU, GU, etc.) the next catalyst is the AUD release which is more than a day earlier than catalysts for the other USD related pairs.

-tah
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  • #38,763
  • Aug 20, 2012 12:38pm Aug 20, 2012 12:38pm
Quoting TRMZXT
Easiest money in the currency right now. EURCHF. Put a Sell order in at around the 20-25 mark another around the 50 or so. Look for extreme Extreme days for news etc... Whenit pops every once in a while which it does do, they will buy it back down. Such a scam but it works. muahahaha
Your explanation here is very confusing. Can you please clarify what you said?
  • #38,764
  • Aug 20, 2012 2:54pm Aug 20, 2012 2:54pm
Quoting Discipliner
Your explanation here is very confusing. Can you please clarify what you said?
The CHF is pegged to the EUR. That means they keep it at a certain price but it does fluctuate at times. It usually goes north when it does move which means the Swiss bank will buy it back down rather quickly. Look at the pair. Might not be much but it is a few easy pips. Now back to you regular Sonic trading discussion.
  • #38,765
  • Aug 20, 2012 6:56pm Aug 20, 2012 6:56pm
Quoting TRMZXT
The CHF is pegged to the EUR. That means they keep it at a certain price but it does fluctuate at times. It usually goes north when it does move which means the Swiss bank will buy it back down rather quickly. Look at the pair. Might not be much but it is a few easy pips. Now back to you regular Sonic trading discussion.
Just to be clear, the SNB (Swiss National Bank) has pegged the Franc to the Euro but it's to keep the CHF from increasing in value. The Swiss exporters were crying to the SNB as exports were being hurt by a more valuable CHF. The SNB pegged the CHF to the Euro at 1.2 originally but as the euro continues to drop the SNB is considering a lower floor, 1.15 or 1.1.

This means the SNB will not permit the eurchf to drop below that number. They dance when it rises, that saves them a lot of money.

http://blogs.wsj.com/source/2011/08/...about-pegging/

Grins
"The more I practice the luckier I get." Gary Player
  • #38,766
  • Edited 2:57am Aug 21, 2012 2:11am | Edited 2:57am
EU M15
Today i am waiting PA wave for short again...
The range still 40 pips from ADR about 115 pips...
-----------------------------------------------------
And the market say no to my sentiment...
The price goes north in just 15 minute...break sky maybe
for 50 pips to final destination at 1.2450
If we see the PA wave, in one second we can always say:
"The action of the price wave is always right, the market never wrong"
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http://www.forexfactory.com/news.php?do=news&id=380033
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fooled by randomness in art
Meditation All Time Return: 8.9%
  • #38,767
  • Aug 21, 2012 3:09am Aug 21, 2012 3:09am
PM pops and Equity gonna drops??
quite likely..

Sonic
  • #38,768
  • Aug 21, 2012 3:41am Aug 21, 2012 3:41am
USDCAD sinks deeper ...no sign of reversal yet.

stay short!...
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,769
  • Aug 21, 2012 3:50am Aug 21, 2012 3:50am
pump and dump?
  • #38,770
  • Aug 21, 2012 3:53am Aug 21, 2012 3:53am
Quoting duyk20
pump and dump?
Yeah, Hail for Pump & Dump!
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #38,771
  • Aug 21, 2012 4:06am Aug 21, 2012 4:06am
with monday's narrow range for most USD pairs....trading the Day IB breakout simply awesome today for day traders.

wait and see what NY session will bring to the table.
on days like this, we may not see many good sonicR 1-2-3 wave setups. ...so let PA take the lead when NYO.

Trade Well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,772
  • Aug 21, 2012 4:17am Aug 21, 2012 4:17am
Quoting sonicdeejay
DJI hitting previous high on the quick slope up with low vol support..

I see this as the attempt to close smart money's long at high price and to suck unsuspecting suckers in...

I am not buy-ed in, in this rally..


http://www.youtube.com/watch?v=2psTO8EurH0

Sonic
we never know in this free market...
13625 still in sight ..
break peak Buy
break trough Sell.


As Warren Buffet said,
"It’s only when the tide goes out that you learn who’s been swimming naked."

cheers!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,773
  • Aug 21, 2012 4:29am Aug 21, 2012 4:29am
Quoting emmanuel7788
with monday's narrow range for most USD pairs....trading the Day IB breakout simply awesome today for day traders.

wait and see what NY session will bring to the table.
on days like this, we may not see many good sonicR 1-2-3 wave setups. ...so let PA take the lead when NYO.

Trade Well!
Dude...

Fr SG too?? U doing full time trading??

Sonic
  • #38,774
  • Aug 21, 2012 4:39am Aug 21, 2012 4:39am
Quoting sonicdeejay
Dude...

Fr SG too?? U doing full time trading??

Sonic

Yup, born here in this beautiful city state Singapore....
now small time investor and trader...'retired' ...
fired my boss 5 years ago.

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,775
  • Aug 21, 2012 5:28am Aug 21, 2012 5:28am
Quoting RoelsMajor
EU M15
Today i am waiting PA wave for short again...
The range still 40 pips from ADR about 115 pips...
-----------------------------------------------------
And the market say no to my sentiment...
The price goes north in just 15 minute...break sky maybe
for 50 pips to final destination at 1.2450
If we see the PA wave, in one second we can always say:
"The action of the price wave is always right, the market never wrong"
--------------------------------------------------------------------
http://www.forexfactory.com/news.php?do=news&id=380033...
Price just say hi to 1.2450...
We will see if Euro still has gasoline for breaking "Major Resistance Area" there...
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #38,776
  • Edited 7:07am Aug 21, 2012 6:15am | Edited 7:07am
Quoting RoelsMajor
Price just say hi to 1.2450...
We will see if Euro still has gasoline for breaking "Major Resistance Area" there...
It may hit it but I wont be buying. Did this same thing last year around this time. Hit a Channel around 1.4375-1.4475 or so and just kept hanging finally went up a few days and then BAM down trend. WOuld not be surprised to see the same thing.
  • #38,777
  • Aug 21, 2012 7:12am Aug 21, 2012 7:12am
SLV.. hitting pretty serious overhead resistance...

Breaking up will be nice..


Sonic
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  • #38,778
  • Aug 21, 2012 8:53am Aug 21, 2012 8:53am
Quoting emmanuel7788
USDCAD sinks deeper ...no sign of reversal yet.

stay short!...
Be watchful on your Short as your USD/CAD daily chart looks like entering near daily demand zone of 0.9826 area.

I don't normally trade or monitor USD/CAD so may not be as familiar on this pair as you.
  • #38,779
  • Aug 21, 2012 7:03pm Aug 21, 2012 7:03pm
Quoting foxybunny
Be watchful on your Short as your USD/CAD daily chart looks like entering near daily demand zone of 0.9826 area.

I don't normally trade or monitor USD/CAD so may not be as familiar on this pair as you.
thanks foxybunny,
I am watching the region between 9870 and 9800. Still too early to buy now, therefore I need to see this week candle close. And for a long term postion trade, I will look at building up positions between 9800 and 9400. We are in 3Q and corporate earnings are crticial for many companies, oil prices remains key concern for many businesses.

Let's keep watch on this one.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,780
  • Aug 21, 2012 8:07pm Aug 21, 2012 8:07pm
Hi Guys,

I am just starting off with the system and hoping that I have understood basics of the system. Attaching a screenshot, would this be considered a valid setup?
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