Sonic R. System

To QE or Not To QE?

Market already decided on this regardless what Ben say later.

Worst case, EU go sideway for few days ... then ...hmmmm.

DJIA break high again ...buy!

AU short ? for quick pips ?

I wonder when will it be?
I cant find it in calendar?

Sonic

FOMC is September 13 (tomorrow), not today.

I see..
In that case.. mkt waits Iphone 5.



Nite
Sonic

UCad: TP1 reached for 37 pips gain, EP1 to TP1.

This thread is incredibly well done! Thank you to everyone involved. It reminds me of Raghee Horner's work with the 34EMA. I give your efforts 5 stars!

Hi Hansma,

I'm new here .. how to get those FFCAL HEADLINES and Market Open/Close Time with the vertical lines. Thanks

Market Comment:

Looking at the EU chart one might say the market has spent recent days pumping the price as though a goal were in mind. Today is a big 'news" day for the US dollar, not only with a couple of high impact releases early in the morning (EST), but it is a "FOMC" day with three individual FOMC events starting with the FOMC Statement around 12:30 pm EST and proceeding on thru to the FOMC Economic Projections at 2pm EST, and the FOMC Press Conference at 2:15pm EST.

Now looking at the EU chart we might well guess what the goal was that the market had in mind. Get the friggin' price as high as possible before these FOMC events! If what comes out of FOMC is not all that good for the US dollar then EU will likely still come down since the market may have over done the pump to begin with. Profits for the market up, and profits for the market down. Wouldn't be the first time. But, if what comes is really good for the US dollar then "Look out below!", and humongously good profits for the market "down" since the market will have some real "hint of justification" for a really good move down.

Well, anything can happen. And the market decides which way the price goes, no matter what the "news". When the market decides prices have had enough "up" for awhile, then prices will come down. Not before. At least not unless there is "Central Bank Intervention", without which the market decides what is what, not the content of any "news".

Just filling in part of the boring pre-news void. It will be interesting to see what the market conjures up for prices once this round of events is over with today. Until then, things are likely going to remain absolutely boring because prices have been "pre-postured" and are not likely going anywhere until this is all overwith.

AJ: Having just said things will be boring, my sell order executed on this pair. It was intended to be an asian session scalp, but got a late start. So, at least for me, something interesting to "while away" some of the time.

AU Comment:

Possible SonicR short re-entry trade. If PA pulls back up to local SR area (around 1.0459) it might be a good place to enter short. There might not be any such pull back, but frequently in the early LS, after a bit of a run down, the BBs will slam the price back up. Probably to reload themselves. So, this might be worth keeping an eye on. Aussie seems to be weakening while other pairs seem pretty much "frozen", and might remain that way until later.

AJ: TP1 reached for 34 pips, EP1 to TP1.

UCad: Entered long with conservative TP1. SL1 is mental and might let PA slip to SL2.

I just see 50:50
EU M15...
But will take bearish sentiment as a favour...

If today wasn't QE3 day i'd be all over this. Looks like a good Sonic setup!

i shorted ej when it broke DPV
tp at DS1
sl at MR1

What the reaction after the news? Nothing yet!

EJ down and i took profit at 99.91

Market Comment:

The big news event today is FOMC. Nothing else. We have yet to see market reaction. And it is possible that the true market reaction won't be immediately upon the first FOMC event at 12:30pm EST. It might not happen until after 2pm EST, and maybe not even then. It could be delayed until tomorrow.

UCad:

Look at the quick drop (again) on this one. That sure looks like the BBs reloading. I'm still in this trade with a mental SL. And now I half expect yet another whipsaw, a big one, before any final departure of PA from this area.

GU:

This one too. A quick slam of the price back up. If the BBs were buying motivated, they'd not be in such a hurry to move the price up while buying. But if they are selling motivated, yes, they'd be in a hurry to reset the price higher again to resume more selling while time remains.

Just a possible strategy on these two. Conjecture. We'll just have to wait and see what final direction these take.