Sonic R. System

............. is all about training , nothing more ..

Nice Trades. My today's trade:
Buy EurUsd TF15:
EP - 1.2750
SL - 1.2730
TP1 - 1.2770
TP2 - 1.2787 manually.

long e/u @ 1.2714
[email protected]

NPNT.
wonder why...

looks more like a retracement from major move of the day to 38,2 fibo line... i might gor lower 80 pips.
or not...

EurUsd Trend is down and going Long is a bit risky ??

arasheed

Where the paper Clip on the Page Navigation Bar gone ??
A useful thing is missing.

Anyone know if there's a way to get the dragon on Interactive Brokers? I'm guessing no? I know it's not the best question but maybe it will help others as well as me

let's see

close at 1.2725 (10+)

I'm starting to think all we really need as traders are the S & R levels. Sure an indicator or two helps to go along with them. But overall it seems nothing is more important than the good ole S & R levels. Have a fantastic weekend folks.

GU: TP1 reached and trade closed for 61 pips gain, EP1 to TP1.

EU: PA did not reach my TP1, which was too far out. TP2 had been set as "BE+10" insurance, which was hit. So, trade closed for 10 pips gain, EP1 to TP2.

My Week With The Sonic R. System:

Closed four old trades (3 wins, 1 loss) for 298 pips gained.
Opened and closed five new trades (all wins) for 282 pips gained.
Opened (and still open) one new trade for 20 pips of current gain.

EU (and Market) Comment:

As speculated, EU was rammed north starting first with a slight drop in the asian session. The complete hypothesis fell apart when the market did not keep the price up (and maybe into next week) to prolong the opportunity to build short positions at the higher prices attained by the pump maneuver.

Now that the day, and week, are finished, there is something interesting to see on this chart. No, the market did not "hold" up the price of EU to build more shorts. Instead there was very heavy trading on the "fall from grace". So much so that the average volume of the day started to run up once the highs were attained, and continued to increase until the high volume of shorting drove the price to the lows of the day! Selloff! A gigantic selloff!! Another thing to see is just how centrally located the prior consolidation is to the top and bottom of this selloff. The market has today greatly increased it's short positions on EU, and yet has probably kept its average price of those short positions from being any lower than it has been. Seems to me the price area of 1.2750 could likely be the hallmark price of the short positions the market built this week, starting with the first selloff once the US Presidential Election was reasonably decided upon.

If so, does this 1.2750 price area have any further significance. Yes, definately. The big players in the market most consistently move prices in 100+, 150+, 200+, 250+ steps, or inter-day swings. And with the concentration of short building we have seen going on here, they are not likely looking to run the price just to one of the lower step amounts. No sir! It might even be considered reasonable to suspect that before this is all over with, we will be seeing prices 300-500 pips below this "magic" number. But keep in mind that this is very speculative.

No doubt now that the market is showing bullishness towards the USD, what with the downwards price action of AU, EU and GU, and the upwards price action of UCad and UChf. After the LS closed today, UChf hit two month highs and UCad hit three month highs! This is looking like a major reversal in the market sentiment towards the USD from bear to bull. And there is no telling where this will all lead to.

Thnaks for your long/value added post. I wanna ask a question. Why you're correlating the eurusd to other pairs in this situation which is extremely
exceptional ? It's just a question...take it easy.

I made the reason for that correlation very clear in the last paragraph. What is happening with EU is not happening due to the euro, but due to the USD. And so we see evidence of this happening on USD pairs, not just EU, and starting with the US Presidential Election decision.

However, since you seem to want more information, here is my take on how the currency market views the prospects for the USD. The republicans (Republican Party) are nothing more than henchmen for the super-rich. The powerful super-rich, via super-PACs (Political Action Committees=donations by the super-rich. Reference: Carl Rove), tried to buy the US Presidency, the most powerful position in the world, so they could better exercise their power and control. They ran a campaign of lies and deceipts, while in the Congress they had the republicans obstruct progress in order to keep President Obama from having successes. The majority of US citizens did not fall for their lies and deceipts, and saw clearly that any lack of progress over the first four years of the Obama presidency was not due to any failing on the part of President Barrack Obama, but was due to the republican congressmen that held a majority in the House of Representatives for the last two years, and voted down all attempts to "move forward". In other words, serving the rich is the agenda of the republicans, not healing the country. As a result, the US voters denied the republicans the US Presidency, and increased the majority of democratic seats in the US Senate. The republicans still have a majority in the House of Representative only because most seats did not come up for re-election this time around. But they can no longer "say" that they are supported by the "People". The republican agenda clearly is not supported by the majority of the people of the United States of America. And so now to the business of the "Fiscal Cliff". I believe the currency market fully understands that the super-rich and rich need to pay more taxes in order for the US budget to improve; in order for the US to have the money it needs to reduce the debt while rebuilding infrastructure, maintaining entitlement programs, improving oversight of Wall Street, and moving forward on alternate energy programs. The super-rich, which includes the oil "barrons" have "problems" with such a program of progress. The "Thieves of Wall Street" have "problems" with such a program of progress, etc. And so you can see why the super-rich (via the Republican Party) oppose progress. But this opposition is now going to be squarely confronted by a re-elected President that definately has a public mandate (support by majority vote) to go after the obstructionist republicans in the House of Representatives. These republicans will either eventually capitulate, or possibly see themselves "recalled" via individual state referendums to have them removed from office. This could actually happen, and these republicans know it. At the very least, they know they will less likely be re-elected in two years if they continue to obstruct progress and the will of the majority. So, US politics is entering a very interesting and perhaps historic time. My guess is that the currency market believes progress will now be made. And such progress will undoubtedly return the USD to its supreme position among the world's currencies,....because most every other country remains in a world of hurt, and without the political and financial structure that the US has with which to start making progress. The United States of America, in spite of all that isn't perfect, is still the best functioning democracy in the world. It is just that the path to progress needed to be inobstructed. And the currency market sees that now this is possible. For the first time in a long time the United States of America has a two term real leader in the White House and with a public mandate backing him up, and with the opposition clearly perceived as nothing more than lying lackeys of the obstructionist super-rich that care more for their personal profits and wealth than patriotism and healing the country! Their obstructionism will not endure.

By no means am I suggesting that USD pairs are simply going to move continuously now in the USD direction. Of course not! The market is greedy, devious and manipulative. It always has been and always will be. It will continue to put on moves both up and down to keep others off-balance and losing money. So, like always, and as Master Sonicdeejay has so frequently reminded, we must "....let the market decide.." and "...let the dragon and PA show the way..." from day to day. And administer each trade with good money management, whatever is most appropriate to each individual trader.

Thanks for sharing your view from a political perspective and the implications on the currency market. I read a very comprehensive article about the current situation providing valuable information also on the eur problems.

http://www.forex.com/post?SDN=79fc92...6-4ce50f9d8e4c

Hello Sonic

I am relatively a newbie to trading, so if my question seems silly please do not laugh (too loudly). I saw this system (RV3) and have applied it to 15m chart EUR/USD. However I am not clear how to use it and could not find a post that tells me that. Here are my observations/questions:

1) If the candle closes above the upper white line it is a possible buy. ?
2) If the candle closes below the lower white line it is a possible sell. ?
3) The middle dotted white line is irrelevant. ?
4) The pink line is an MA and further indicates the trend. ?
5) What is the QQE indicator and how do i interpret it? At the moment the market is closed and it says "Analyse exit' and 'Analyse Buy'. IN a live market what information will it give me?
6) Please explain how to interpret the CCI indicator that has bars with either red or green color tops.
7) The NVO indicator I assume is indicating the volume with my broker. ?

If all this is already explained some where else, please point me to that location.

Thanks very much.

When comments are short and coincisive :

Fundamental Analysis
Fundamentals for the single currency are looking grim as there is no good news coming out from either side of the euro continent. Minister of economics in Germany confirmed that largest economy in the euro area could have slow in growth not only in fourth quarter of this year but also in the first months of next year. Data released on Thursday displayed German exports slid at their fastest pace since late last year which further strengthen the ground for the bears.

Same echo was witnessed by bank of France who said the second largest economy in euro area may contract in fourth quarter because business confidence is at near two year low. Spain is still not agreeing to come to table for financial aid where central bank can buy its bonds which could strengthen euro. The Greek parliament is also due to vote on Sunday on its 2013 budget.
As of today Euro has hit two months low of 1.2707 against the dollar and traders have reported an option barrier at $1.2700 according to reuters. Dollar index is hitting its two months high against the basket of currencies.
Technical Analysis

Pivot: 1.2775
Comment: the pair has broken below its support and remains under pressure.
Key levels
1.281
1.2775
1.2705 last
1.269
1.267