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Sonic R. System

  • #39,381
  • Sep 24, 2012 10:23am Sep 24, 2012 10:23am
Au Long

Risk reward 1:2

Letīs see

Regards,
H.
Attached Image (click to enlarge)
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"The future is already written in the past"
  • #39,382
  • Sep 24, 2012 10:25am Sep 24, 2012 10:25am
Quoting foxybunny
I also would Long A/U here 1.0420.
AU:

Could be more than just an intra-day trade. Keeping SL mental until we get out of the US "traffic" today, with TP1 tentative. Might take it and look for a pullback for another entry, or just let the trade run. For me, it is too early to tell how this might proceed. But there has been good trading (see an M15 chart) at the lows here this first day of the week.
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  • #39,383
  • Sep 24, 2012 10:38am Sep 24, 2012 10:38am
Long Aud/usd 1.04207
  • #39,384
  • Sep 24, 2012 12:34pm Sep 24, 2012 12:34pm
Hey Guys,

Be careful trying longs on Aussie, the mining and Chinese story combo not helping this cross move much north.
  • #39,385
  • Edited Sep 25, 2012 4:51am Sep 24, 2012 1:37pm | Edited Sep 25, 2012 4:51am
Quoting andyvxr
Hey Guys,

Be careful trying longs on Aussie, the mining and Chinese story combo not helping this cross move much north.

Thanks for the warning.

Regards,
H.
"The future is already written in the past"
  • #39,386
  • Edited 3:12pm Sep 24, 2012 2:38pm | Edited 3:12pm
Quoting andyvxr
Hey Guys,

Be careful trying longs on Aussie, the mining and Chinese story combo not helping this cross move much north.
Hi, Andy!

Nice to hear from you. Yes, I was reading about all the bridges collapsing in China; faulty concrete work/corruption in Communist Party and project overseers. And about all the construction "Make Work" projects coming to an end. Bubble about to burst?

On the other hand, time is approaching gift giving holidays when gold demand is higher. And jewelry manufacturers have a lead time to contend with.

And then there is this. Some moves are totally unrelated to that stuff. If AU does go up, it might be only to get it back to better heights for another round of heavy selling.

The market is ranging this, maybe to take time to adjust positions. It is putting in higher highs and lows however.
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  • #39,387
  • Sep 24, 2012 10:24pm Sep 24, 2012 10:24pm
Quoting traderathome
AU: Entered long again.
AU: manually closed trade for 21 pips, EP1 to TP2.
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  • #39,388
  • Sep 24, 2012 11:59pm Sep 24, 2012 11:59pm
AU: Re-entered long on pullback.
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  • #39,389
  • Sep 25, 2012 12:50am Sep 25, 2012 12:50am
EU Comment:

The market is making a quick, decisive move down of the price ahead of an EUR medium impact release in about 15 minutes, and ahead of a couple of high impact releases for EUR and USD hours from now. The price has been nailed right back down to the whole number SR area.

Why? One reason might be to get the price lower to be able to have time before the high impact releases to load up on cheap longs. We'll see.
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  • #39,390
  • Sep 25, 2012 1:05am Sep 25, 2012 1:05am
EU: Made a "Curious Long" entry down here at the whole number SR area.
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  • #39,391
  • Sep 25, 2012 1:08am Sep 25, 2012 1:08am
In my view too early for Long

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  • #39,392
  • Sep 25, 2012 2:02am Sep 25, 2012 2:02am
Quoting traderathome
EU: Made a "Curious Long" entry down here at the whole number SR area.
Hi TAH,

This is not for sure Sonic R entry; Could you please share what was your strategy for entering long here? Only round number?
  • #39,393
  • Sep 25, 2012 2:41am Sep 25, 2012 2:41am
I have entered the NJ long as the monthly trend was long. The price action has been above last months close. Typically the markets will move in the direction for the month as the month closes. I have been waiting for a sonic setup to enter the market long.
Attached Image (click to enlarge)
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  • #39,394
  • Sep 25, 2012 3:11am Sep 25, 2012 3:11am
Hey Guys,

My analysis on EURUSD.

15 Minute Chart shows SM shoving price up, volume on the highs on upbars.

Daily Chart shows SM pushing price down SM shown on the green upbars
PA should target the bottom band currently around 1.2423.

Im not saying if its gonna get there but when, as im confident this will end around there within the coming weeks.
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  • #39,395
  • Sep 25, 2012 3:22am Sep 25, 2012 3:22am
hey guys. Is this a valid head and shoulders pattern? sorry for the noob question. What does this mean? Does it mean price will come down once the neckline is broken?
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  • #39,396
  • Sep 25, 2012 4:47am Sep 25, 2012 4:47am
Quoting traderathome
AU: manually closed trade for 21 pips, EP1 to TP2.
price reached first SL, no TP
  • #39,397
  • Sep 25, 2012 5:46am Sep 25, 2012 5:46am
Quoting Patttern
price reached first SL, no TP
How much did you loose in FX ? You loose your time checking the others. You have a problem...don't blame the others...wash and rinse... good luck !
  • #39,398
  • Sep 25, 2012 6:05am Sep 25, 2012 6:05am
Quoting umbro
How much did you loose in FX ? You loose your time checking the others. You have a problem...don't blame the others...wash and rinse... good luck !
no. I am full time trader some years. Just trying to understand why trade like winner when he reached first SL.
Patt
  • #39,399
  • Sep 25, 2012 9:49am Sep 25, 2012 9:49am
See Chart
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  • #39,400
  • Sep 25, 2012 6:42pm Sep 25, 2012 6:42pm
Quoting traderathome
AU: Re-entered long on pullback.
AU: SL reached for 14 pips loss, EP1 to SL1.
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