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Sonic R. System

  • #40,361
  • Nov 2, 2012 2:34am Nov 2, 2012 2:34am
Quoting umbro
You didn't answer.
i mean i do not want to sell at bottom.
Keep Simple...!
  • #40,362
  • Edited 2:49am Nov 2, 2012 2:36am | Edited 2:49am
EU Commentary:

1. Market pumped and dumped.
2. Now market pulled the rug.

One purpose of the strong, quick drop to the next lower whole number can be to "lock out" longs now left holding their positions up above. If the case, it is unlikely the market will bother with any strong retrace moves now. Instead, the market is more likely to keep the pressure on longs by continuing the downwards direction.

If that drop was nothing more than a strong selloff by some outfits loading up on shorts, then there is the possibliliy of a retrace move to seek higher ground to start another round of strong selloffs.

So, it becomes a question of whether the market is already loaded short and wants to keep pressure on the longs. The lower the price goes, the more the longs start thinking of closing (selling). Once they start to do that, it will create even more downwards pressure,.....adding to the profit the market makes on its shorts. As the price drops further and longs give up and sell, it enables the market to close its shorts; buying to close, using the liquidity provided by longs that are selling to close. Neat maneuver by the market.

What's happening? It is anybody's guess. But so far, price is down only a bit more than 100 pips from the swing high, and I'd think the market is more greedy than that, and plans for this to drop more. However, that is speculation. As Master Sonicdeejay says, "Let the market decide."
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  • #40,363
  • Nov 2, 2012 2:41am Nov 2, 2012 2:41am
Quoting kotlt
i mean i do not want to sell at bottom.
Ok. me too I don't want to sell at the bottom. You'll be my favourite guy. You'll be in my buddy list. I wanna make a question. What's your thinking ? We're going up or down ? Thank you.
  • #40,364
  • Nov 2, 2012 2:41am Nov 2, 2012 2:41am
everybody: waiting EU ???
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  • #40,365
  • Nov 2, 2012 2:58am Nov 2, 2012 2:58am
Quoting umbro
Ok. me too I don't want to sell at the bottom. You'll be my favourite guy. You'll be in my buddy list. I wanna make a question. What's your thinking ? We're going up or down ? Thank you.
i bullish EU, but still wait for long setup.
Keep Simple...!
  • #40,366
  • Nov 2, 2012 3:03am Nov 2, 2012 3:03am
Expectation is good. We need expectation. The long setup will come. What do you think about this market ?
Quoting kotlt
i bullish EU, but still wait for long setup.
  • #40,367
  • Nov 2, 2012 3:06am Nov 2, 2012 3:06am
Quoting umbro
Expectation is good. We need expectation. The long setup will come. What do you think about this market ?
I do not try to predict price or trend
Quote
As Master Sonicdeejay says, "Let the market decide."
Keep Simple...!
  • #40,368
  • Nov 2, 2012 3:17am Nov 2, 2012 3:17am
Quoting kotlt
I do not try to predict price or trend

GOOD ! you're my guy.
  • #40,369
  • Nov 2, 2012 3:30am Nov 2, 2012 3:30am
Ok. we entered the range as I said before. It's normal in this situation. It's difficult to say where's the market is going.I closed my loosing hedged order
in positive. You stay awake because this thing is difficult. U
  • #40,370
  • Nov 2, 2012 3:54am Nov 2, 2012 3:54am
That was a lovely one set up ... But i didn't catch it .. ? Anybody trade this wonderful pic of AudUsd ??
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" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #40,371
  • Nov 2, 2012 3:58am Nov 2, 2012 3:58am
EurJpy short
EP 103.55
SL 103.92
TP 103.10
Attached Image (click to enlarge)
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" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #40,372
  • Nov 2, 2012 4:24am Nov 2, 2012 4:24am
late short EJ, SL at Daily Pivot
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Keep Simple...!
  • #40,373
  • Nov 2, 2012 4:26am Nov 2, 2012 4:26am
ucad long
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Dragon the best Indicator
  • #40,374
  • Nov 2, 2012 5:32am Nov 2, 2012 5:32am
waiting, what's happen ????
8:30amUSDNon-Farm Employment Change 123K114K

8:30amUSDUnemployment Rate 7.9%7.8%
  • #40,375
  • Nov 2, 2012 6:29am Nov 2, 2012 6:29am
Well, it seems no one wants to touch the Euro here. Not even with an aids infested Johnson.

That's usually when I come in and try to fight the trend with a trade, only to hand money away 9/10 times. Go me!

1.2886 important to get over. Figured we'd do that before NFP.. but this looks nasty so who knows! Good trading today folks.
  • #40,376
  • Nov 2, 2012 7:08am Nov 2, 2012 7:08am
Quoting Shooter150
EurJpy short
EP 103.55
SL 103.92
TP 103.10
Attachment
i close my short position on EurJpy manually +15 pips
" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #40,377
  • Nov 2, 2012 7:15am Nov 2, 2012 7:15am
GbpJpy SHORT
EP 129.12
SL 129.48
TP 12863
Let's see this nice picture how will be ......
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" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #40,378
  • Nov 2, 2012 7:49am Nov 2, 2012 7:49am
Hi every one! I am new here. First of all i have to thank Master Sonic and Professor TAH, for their contribute to this amazing thread. I saw the short trade at GBPUSD by TAH, and his TP1 and TP2 area. I would like to know if it possible, what do you do when a high impact news is going to release, do you stay in trade or do you get out before the news? And something else to Shooter i got the same trade with you at gbpjpy but the news hit the stop lose.
(ps: sorry for my english)
  • #40,379
  • Nov 2, 2012 8:40am Nov 2, 2012 8:40am
Quoting aldion07
Hi every one! I am new here. First of all i have to thank Master Sonic and Professor TAH, for their contribute to this amazing thread. I saw the short trade at GBPUSD by TAH, and his TP1 and TP2 area. I would like to know if it possible, what do you do when a high impact news is going to release, do you stay in trade or do you get out before the news? And something else to Shooter i got the same trade with you at gbpjpy but the news hit the stop lose.
(ps: sorry for my english)

U gotta careful on NFP..once a month..

http://www.freeimagehosting.net/newuploads/f8bc4.jpg


Sonic
  • #40,380
  • Nov 2, 2012 10:15am Nov 2, 2012 10:15am
Quoting aldion07
Hi every one! I am new here. First of all i have to thank Master Sonic and Professor TAH, for their contribute to this amazing thread. I saw the short trade at GBPUSD by TAH, and his TP1 and TP2 area. I would like to know if it possible, what do you do when a high impact news is going to release, do you stay in trade or do you get out before the news? And something else to Shooter i got the same trade with you at gbpjpy but the news hit the stop lose.
(ps: sorry for my english)
It was correct entry my friend according the sonic system .. I didn;t move my stop loss because of the news .. The price hit my stop loss but no worries .. This is normal some times the price hit your stop loss but many times hit your take profit .. So the only that you have is to find the next correct entry with sinic system and take your position .. (also this pair - GbpJpy is not the best , prefer to make trade with EurUsd because you just now start with this system )
" Support/Resistance is your friend .. and TREND your girlfriend .. "
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