Sonic R. System

copy/noted master hans. you really are the one!
trade closed -1\

ack@#$%^! it didnt closed, im still on the trade LOL my server hung up........

possible .. wave

15minute

EJ: Stopped out for 16 pips loss, EP1 to SL1.

UCad: Stopped out for 10 pips loss, EP1 to TP1.

GU: Entered short. SL is mental.

Edit: Posted 2nd pic. Revised SL1 and added alternative SL2. The SL remains mental for now, but SL1 and SL2 mark the area where I plan to make it hard when not at computer. Added additional TPs, since this might progress down towards RWL during remainder of week.

Pardon me, Frank, but at no point was your entry price (1.28906) below the Dragon, which is one of the requirements to classify a trade as per Sonic R. System rules. Your trade was picking a "high" area to enter in, which definately is not a classic Sonic R. trade. By continuing to call your early entry trades Sonic R. trades, you confuse folks. If you don't mind, just call 'em something else. Thanks.

Is it hopefull wave, or great naivety?

EU: Entered short.

Keep eye on EU and GU. If pro-usd moves initiate, then your UCad pick should go up, not down.

I have entered short at 1.2856 as per the pattern and confirmation of the sonic R and the SqueezX system. I am mixing both the indicators and getting a higher level of confirmity.
My prior trade for the breakout at the 1.2880 hit the stop loss.

Traderathome ! Any comments?

Market Comment:

On the heels of the USD releases earlier, the market seems to be initiating pro-usd moves, and already on majors the price has struck well in the pro-usd direction. Now is it just me, or do you also see sudden large whips in the opposite directions, as if to stop out the new pro-usd trades of others? This whipsawing environment is not a time for hard SLs. Trades need breathing room, or no trades at all. One thing is certain. The market does not whipsaw prices like it is currently doing unless something is up, like a big move is planned.

Hi Tah, I got stopped out too on that EU short.

The trend is down on EU. Therefore, it was logical to enter the SonicR short setup. Now the market has whipped the price back towards the high of the day. It remains to be seen, but this could be the market trying to steal the new shorts of others. I have been keeping all my SLs mental in anticipation of such shenanegans, i.e., whipsawing ahead of a big move. Seems like today is the day. Still can't know for sure the direction of the real move, nor when it will come.

All the majors were treated accordingly today, very late in the US session. So, this is not an event isolated to EU. And that makes me think this is actually all about USD, and all about the market stealing positions from others ahead of big moves. Of course, thinking one thing or another doesn't matter. We just have to wait and see what the market is up to. But, if you look at EU on the H1 chart you will see the trend is still down, and the whip up of the price was only to the Trend area. Not even to DR1. So, all-in-all, the move up was not truely bullish. The LS is over and done and the range today was very small. This was a day of position building by the market. Something bigger is coming.

Now this is just pure speculation. The fact that the LS market left the price at the highs tells me the market is planning to milk the highs even more before the big move comes. And that means the market is shorting EU, i.e, the market now has an increasing pro-USD sentiment across the board. I wonder if this is correct. Time will tell.

Adjusted TP level to 1.2930 on 27 September. TP1 reached and trade was closed for 40 pips gain EP to TP1.

after being stopped out of the EU,EJ and Uchf markets a couple today i have decided to call it a day. I'm done.

scored 15 pips from e/u trade..thanks to my self judgement!

TAH how are you today?

EU: SL is moved, but remains mental. Added trade #2, which is a Scout trade, or what might be called a "Curious" short trade in light of the sudden spike up on very high trading, and followed by relative high trading at the attained highs (see your M1 chart).

I am fine. Thank you for inquiring, axlmanuel35. I get a bit agitated when I see the big money players maneuver prices in the manner done so today, because it is all with the intent of stealing positons from others less fortunate than themselves by using their SLs against them, taking them out before the anticipated move being traded is allowed to happen. That is what I think went on today, on all the majors. It is big money players using their money against everyone else, in surprise action against which there is no defense, except to trade with very wide SLs (which erradicates any attempt at good R:R ratios), or not trade at all. Othewise, you end up with a guaranteed loss. But, that is the market.

And now that the LS is closed and because there are few players at the table to resist, the market is pushing even further. It is hell bent on wiping out all weak hands before whatever is next to come. Grand SL hunting! Well, at least the market is flushing out the otherwise piss poor ranges with this latest round of SL hunting.

I am going to be very upset if current directions are the next directions.