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Sonic R. System

  • #39,401
  • Sep 25, 2012 6:49pm Sep 25, 2012 6:49pm
Quoting Patttern
price reached first SL, no TP
If you read my post following the posting of the trade, I said my SL was being kept mental on the trade.
  • #39,402
  • Sep 25, 2012 6:54pm Sep 25, 2012 6:54pm
Quoting traderathome
EU: Made a "Curious Long" entry down here at the whole number SR area.
EU: Close manually for 6 pips gain, EP1 to TP2. Was not around to watch it. Never reached my set TP1. Was back down by the time I got back to this. And now I am not so sure things remain bullish.
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  • #39,403
  • Edited 8:10pm Sep 25, 2012 7:10pm | Edited 8:10pm
UCad:

Might be one to watch today because PA has been running up to SR several times now, and following the last one the price was hammered down hard, followed by really high trading levels at the very lows. This could be the BBs loading longs for a nice train ride north, which starts with PA breaking up thru this SR zone. Maybe today. BTW, UChf is the same story.

Edit: The market is pulling the prices of UCad and UChf down now. This is good. The asian traders want better pricing as they go long. And I expect the FO, LO and maybe even the US open money bag trading outfits to do the same, all pulling the prices back down. It's like running after the conductor on the train and coercing him for a discount on the ticket for the upcoming train ride north. They all probably want to do it. It is the M15 SonicR long breakout we look for, so no matter the pullbacks between now and then. They only stand to confirm the ride north.
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  • #39,404
  • Sep 25, 2012 10:16pm Sep 25, 2012 10:16pm
Quoting Daniel3167
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?
No, it was not a Classic Sonic R. entry. It was what Master Sonicdeejay calls his "Curious" entry trade. Why? Read what I posted just before posting the trade. Unfortunately for me, I was out and left a TP too high. Didn't make it and fell right back.
  • #39,405
  • Edited 11:18pm Sep 25, 2012 10:39pm | Edited 11:18pm
UCad:

Entered long. This entry is early in two respects. It is before the LS and it is before the PA wave constructs a leg #3 exiting the Dragon. Risk is therefore high. The FO, LO and/or US open market might plummet price, even if it is to go higher later. That is risk #1, and there is no way to know where to place the SL. I have shown one, but it remains a mental SL. Entering before the PA wave is complete means PA might not complete, and just continue in the wrong direction. That is risk #2, but as I stated in my previous post on this pair, PA has repeatedly tested the SR zone it will have to break up thru in order for this trade to initiate. Due to the highest trading levels being at the bottom prices yesterday, the odds are favorable the market is intending to do just that, hence my trade. And because there is no guarantee it won't take off at any time, I have decided to enter now.

Edit: Added trade #2 (2nd pic.)
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  • #39,406
  • Sep 25, 2012 11:36pm Sep 25, 2012 11:36pm
Entered Short after breaking Support are around 1.2885
EP: 1.2870
TP: 1.2825
SL: 1.2920
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  • #39,407
  • Sep 26, 2012 2:26am Sep 26, 2012 2:26am
Quoting traderathome
If you read my post following the posting of the trade, I said my SL was being kept mental on the trade.
Ok.Thank you for your explanation.
  • #39,408
  • Sep 26, 2012 5:41am Sep 26, 2012 5:41am
possible long setup GU , wait for Breakout of the 89 ema
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  • #39,409
  • Sep 26, 2012 7:27am Sep 26, 2012 7:27am
Quoting traderathome
UCad:

Entered long. This entry is early in two respects. It is before the LS and it is before the PA wave constructs a leg #3 exiting the Dragon. Risk is therefore high. The FO, LO and/or US open market might plummet price, even if it is to go higher later. That is risk #1, and there is no way to know where to place the SL. I have shown one, but it remains a mental SL. Entering before the PA wave is complete means PA might not complete, and just continue in the wrong direction. That is risk #2, but as I stated in my previous post on this...
Master TAH do you has a cristal Ball? jajaja
  • #39,410
  • Sep 26, 2012 9:22am Sep 26, 2012 9:22am
Master sorry for no post chart, But what do you think about Euro/USD,
right now in support area , round number and good volume, maybe BB prepare for longs?
  • #39,411
  • Sep 26, 2012 9:32am Sep 26, 2012 9:32am
Quoting axlmanuel35
Master sorry for no post chart, But what do you think about Euro/USD,
right now in support area , round number and good volume, maybe BB prepare for longs?
EU:

Getting late now in the LS. I think (just opinion) maybe mkt has been adjusting positions for more downside, but not to be resumed today. Tomorrow more like it. And tomorrow the mkt might start by reversing PA to see how much more it can build short at higher prices. Such a drive up might be far enough to be SonicR long tradeable, but as a counter trend trade and risky. For me, I was thinking of entering short, but decided to wait to see what tomorrow brings. Today PA has not gone down very far and tomorrow might see PA back up towards the upper whole number. A nice pullup like that could present a good SonicR short setup. A short entry now would be like chasing it. A long entry now would not be a SonicR trade (PA on wrong side of Dragon and Dragon angled wrong way), and there is not enough of a volume spike at deep lows to be claiming "stopping" volume for a reversal (imho).

As Master Sonicdeejay says, "Too late to short. Too early to long."
  • #39,412
  • Sep 26, 2012 9:36am Sep 26, 2012 9:36am
Quoting traderathome
EU:

Getting late now in the LS. I think (just opinion) maybe mkt has been adjusting positions for more downside, but not to be resumed today. Tomorrow more like it. And tomorrow the mkt might start by reversing PA to see how much more it can build short at higher prices. Such a drive up might be far enough to be SonicR long tradeable, but as a counter trend trade and risky. For me, I was thinking of entering short, but decided to wait to see what tomorrow brings. Today PA has not gone down very far and tomorrow might see PA back up towards the...
thank you very Much Master TAG
  • #39,413
  • Sep 26, 2012 10:40am Sep 26, 2012 10:40am
Quoting axlmanuel35
thank you very Much Master TAG
You are welcome. It is "TAH". Sonicdeejay is the Master here, not me. I'm still far to prone to mistakes for that.
  • #39,414
  • Sep 26, 2012 10:48am Sep 26, 2012 10:48am
Quoting traderathome
UCad:

Entered long. This entry is early in two respects....
Edit: Added trade #2 (2nd pic.)
UCad:

Moved SL to SL2 (trade 1 BE+21, trade 2 BE+9) and still mental.
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  • #39,415
  • Sep 26, 2012 11:06am Sep 26, 2012 11:06am
EU:

Trying a counter trend trade on M5 setup. Not for much pips. Just for possible retrace/pullup until tomorrow LS. Risky, and I said that I'd wait for tomorrow to look for a short. But I like the M5 picture now for a pullup.
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  • #39,416
  • Sep 26, 2012 11:28am Sep 26, 2012 11:28am
EU:

Not suggesting any Sonicer to trade M5 counter trend. However, this might retrace/pull up into tomorrow LS. The previous candle spiked down on increased relative trading, so this could be a sign the mkt. is temporarily bullish. Waiting for an M5 PA break of TL, and backtest of it, might be a safer entry into such a risky long trade. And if it doesn't happen, and PA just turns south once more, you won't have entered wrong long.
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  • #39,417
  • Sep 26, 2012 12:40pm Sep 26, 2012 12:40pm
EJ:

If EU pulls up, so might EJ. And the M15 EJ chart is enticing with defined SR and higher lows as PA retests the SR area. A few hours into the US open the price was dropped. This was followed by very high relative trading at the lows attained, which is frequently a sign the mkt. is bullish and loading up longs at low prices. If this breaks up to/thru the SR zone, the price could seek the upper half number (main pivot area today). Note that the Trend is in the SR zone, too; a possible EP. This could see some late US session activity. And obviously it is a candidate for activity the next asian session. Therefore, this might be worth keeping an eye on. The current PA wave shown is preliminary and subject to change by ongoing PA, but is shown to "summarize" the idea here.
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  • #39,418
  • Sep 26, 2012 2:13pm Sep 26, 2012 2:13pm
Quoting traderathome
You are welcome. It is "TAH". Sonicdeejay is the Master here, not me. I'm still far to prone to mistakes for that.
Sorry, for me you are another Master im learning a lot reading your posts, Master TAH
  • #39,419
  • Sep 26, 2012 3:37pm Sep 26, 2012 3:37pm
Quoting traderathome
UCad:

Moved SL to SL2 (trade 1 BE+21, trade 2 BE+9) and still mental.
UCad:

Manually closed both trades at TP2 for 90 pips, 51 pips EP1 to TP2 and 39 pips EP2 to TP2. It is late in the day. Could be a pullback until tomorrow LS. Have no idea, but taking profit.
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  • #39,420
  • Edited 4:26pm Sep 26, 2012 3:47pm | Edited 4:26pm
Quoting traderathome
EJ:

If EU pulls up, so might EJ. And the M15 EJ chart is enticing with defined SR and higher lows as PA retests the SR area. A few hours into the US open the price was dropped. This was followed by very high relative trading at the lows attained, which is frequently a sign the mkt. is bullish and loading up longs at low prices. If this breaks up to/thru the SR zone, the price could seek the upper half number (main pivot area today). Note that the Trend is in the SR zone, too; a possible EP. This could see some late US session activity. And obviously...
EJ:

Entered long per previous post on this subject. SL is mental.
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