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Sonic R. System

  • #40,701
  • Nov 12, 2012 2:16am Nov 12, 2012 2:16am
EU:

To me it looks like the market is starting off bullish. FO torpedoed price towards lower whole number. The lower they got it the more they traded it. So, would those trades that increase in quantity be buys or sells (easy to figure out that one!). Once they had the price at lower whole number, both Frankfurt and London outfits clearly took advantage of the price area to load up. Do you think they loaded up longs or shorts? Hope nobody has trouble figuring that out. Of course, we still have the US open to contend with, and those outfits might also want low prices, so all this does not mean that the price cannot be torpedoed further down. But it does suggest the market is loading up for a bull move. Ok, I agree this is speculative. We will see what happens. In any case, we "...let the dragon and PA show the way."
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  • #40,702
  • Nov 12, 2012 2:37am Nov 12, 2012 2:37am
Quoting kotlt
EU drop pre-London, let see what next, a short setup ?? Anyone are waiting any setup ?
how bout a long scenario

p.s. nice to see everyone trading in harmony.
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  • #40,703
  • Nov 12, 2012 2:42am Nov 12, 2012 2:42am
GU:

With about 20 minutes to go in the hour, the H1 chart is showing what could end up being a bullish pin bar on the current TF. If so, this is another indication that the market is starting the week bullish on EU, GU. So, the same could be for AU. And the opposite for UCad and UChf.
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  • #40,704
  • Nov 12, 2012 2:44am Nov 12, 2012 2:44am
Quoting traderathome
EU:

To me it looks like the market is starting off bullish. FO torpedoed price towards lower whole number. The lower they got it the more they traded it. So, would those trades that increase in quantity be buys or sells (easy to figure out that one!). Once they had the price at lower whole number, both Frankfurt and London outfits clearly took advantage of the price area to load up. Do you think they loaded up longs or shorts? Hope nobody has trouble figuring that out. Of course, we still have the US open to contend with, and those outfits might...
So TAH, maybe you can trade in another currency, until you waiting bounce in EU
DB#23
  • #40,705
  • Nov 12, 2012 2:51am Nov 12, 2012 2:51am
Hello! Please tell me where to download the latest version of Sonic?
  • #40,706
  • Nov 12, 2012 2:54am Nov 12, 2012 2:54am
EURJPY entered short
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" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #40,707
  • Nov 12, 2012 2:57am Nov 12, 2012 2:57am
EU:

See this one? Here the LS market has torpedoed the price once more. And clearly the market is most heavily trading the lowest prices achieved. To me this says the market is bullish EU and is loading up longs for a bull move. To repeat, price can still be maneuvered lower for more of the same, so we cannot say that the lows have been put in yet.
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  • #40,708
  • Nov 12, 2012 3:00am Nov 12, 2012 3:00am
Quoting Davidbeckham
So TAH, maybe you can trade in another currency, until you waiting bounce in EU
Why? If this is happening on EU, similar shenanegans are likely happening on all pairs. It says something is coming, the market is manipulating for it, and we need to wait for its arrival, no matter what pair.
  • #40,709
  • Nov 12, 2012 3:13am Nov 12, 2012 3:13am
Quoting traderathome
Why? If this is happening on EU, similar shenanegans are likely happening on all pairs. It says something is coming, the market is manipulating for it, and we need to wait for its arrival, no matter what pair.
cause fundamental say EUR still go short for a head of time
but i agree with your opinion above
DB#23
  • #40,710
  • Nov 12, 2012 3:15am Nov 12, 2012 3:15am
Quoting alrightfrank
how bout a long scenario

p.s. nice to see everyone trading in harmony.
I agree with you Frank. This looks like a bounce up is being set up. Maybe just a retrace in the down trend, but still it could go for good pips and maybe for more than just one day. Anyway, that is what it currently looks like. Time will tell. There is a bullish wedge on H4, which might result in a nice Sonic R. Long setup.
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  • #40,711
  • Edited 4:18am Nov 12, 2012 3:30am | Edited 4:18am
Quoting Davidbeckham
cause fundamental say EUR still go short for a head of time
but i agree with your opinion above
You get no argument from me that EU is headed lower. However, the market is simply too greedy to just let it continuously drop. Yes sir! The market's greed almost guarantees that the path down will be with many retraces to allow the market to take profits before the retraces and then load up fresh shorts at the top of the retraces. Price action today so far indicates that is what the market is doing, closing shorts and opening longs for the retrace move up, where it will close the longs for profit and start loading up shorts again. Don't forget, the most fundamental of all market fundamentals is that the market is a greedy bastard and will manipulate prices whenever it feels it can profit by doing so, regardless of any other fundamentals! Just my opinion, though.

To me, the EU chart says that the market torpedoed the price for the purpose of being able to "consolidate" at a lower price, consolidating meaning closing shorts and opening longs. In other words, the market is closing some shorts from last week at the lowest lows of last week. And then will build longs so it can profit on a retrace move up. So, until the US session opens and those outfits do their thing, price might not break out upwards. And could still go lower. But all for the purpose of closing remaining shorts and acquiring low cost longs ahead of a bull move. That is my take on it, and why I agree with Frank.
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  • #40,712
  • Nov 12, 2012 3:31am Nov 12, 2012 3:31am
Quoting Turtleman
Hi to everyone.. I m a new member (as you see that's my first post) but i m watching this thread for some months constantly. I want to thanks firstly Sonic and Tah for their passion of teaching and also for their patience to give advice and corrections to the new traders. Also i want to thanks members like Koltl and Shooter who post their trades instantly when open the position, that really helps everyone.

So i hope a good and profitable week to every sonicers and by the way i want to assure that i read not only the first 50 and last 50 pages...
Hi turtleman .. You are wellcome here and as you can learn from as , same we can learn from you because as you said you are looking this thread for some months.. Start post your trade ....
" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #40,713
  • Nov 12, 2012 3:35am Nov 12, 2012 3:35am
Quoting Shooter150
Hi turtleman .. You are wellcome here and as you can learn from as , same we can learn from you because as you said you are looking this thread for some months.. Start post your trade ....
Thanks shooter
  • #40,714
  • Nov 12, 2012 3:36am Nov 12, 2012 3:36am
Quoting Demy
Hello! Please tell me where to download the latest version of Sonic?
http://www.forexfactory.com/showthre...95#post5627895
Keep Simple...!
  • #40,715
  • Nov 12, 2012 3:45am Nov 12, 2012 3:45am
Short GU:
EP 1.5892
SL 1.5919
TP1 1.5864 (RR 1:1)

1. M15 to D1 support short
2. Bearish engulf candles
3. LH LL
4. All M15 indies support short

Will trail TP & SL when not away
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  • #40,716
  • Nov 12, 2012 3:49am Nov 12, 2012 3:49am
Just to provide my simple & humble contribution about the trade I took this morning. I took it at 1.27275 (a little bit above Tah because I suppose he waited for the pullback). I exited the trade when the bearish engulfing pattern in the circle formed under 1.27249. I exited the trade with some pips loss.
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  • #40,717
  • Nov 12, 2012 4:07am Nov 12, 2012 4:07am
No Data Coming From Forex Factory For FFCal Indicator

Sonicers, you might have noticed that the SonicR FFCal Panel indicator is not populating with the information from the FF Calendar. I have already sent a report to FF on this. No word back at this point. It could be that FF is doing some work and meanwhile prohibiting access to the .xml file the indicator gets information from. Or, maybe the file has not been worked up for this week yet. I suggest you turn the indicator off and just periodically turn it on to check if things are working again.
  • #40,718
  • Nov 12, 2012 4:12am Nov 12, 2012 4:12am
GU have doji in 1H chart, maybe long setup will perform soon. The next candle also have long body, if this candle close above 1.5912, maybe a strong move.
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Keep Simple...!
  • #40,719
  • Nov 12, 2012 4:14am Nov 12, 2012 4:14am
Let's stay calm. I think there is a lot of uncertainty with regards to the single currency. We are now ranging in a 40 pips channel from Friday. One day we have to exit this. Let's see. The dragon is well positioned for a short under 1.27. but today we have this:


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Quoting umbro
Just to provide my simple & humble contribution about the trade I took this morning. I took it at 1.27275 (a little bit above Tah because I suppose he waited for the pullback). I exited the trade when the bearish engulfing pattern in the circle formed under 1.27249. I exited the trade with some pips loss.
  • #40,720
  • Nov 12, 2012 4:22am Nov 12, 2012 4:22am
Yes. I noticed that. Thank you.

Quoting traderathome
No Data Coming From Forex Factory For FFCal Indicator

Sonicers, you might have noticed that the SonicR FFCal Panel indicator is not populating with the information from the FF Calendar. I have already sent a report to FF on this. No word back at this point. It could be that FF is doing some work and meanwhile prohibiting access to the .xml file the indicator gets information from. Or, maybe the file has not been worked up for this week yet. I suggest you turn the indicator off and just periodically turn it on to check if things...
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