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Sonic R. System

  • #41,341
  • Nov 22, 2012 3:01am Nov 22, 2012 3:01am
UCad Comment:

Possibly setting up for a long. This has been running flat for days. Any breakout should be a good one. PA wave is immature yet. Dragon, however, is already angling up. Nice volume as price came up off the lows (buying pushed up the price).
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  • #41,342
  • Nov 22, 2012 3:14am Nov 22, 2012 3:14am
AUDCAD anyone?
Just watching, no trade for me as I already have NU short opened.
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  • #41,343
  • Nov 22, 2012 3:25am Nov 22, 2012 3:25am
AU and UCad:

Both good setups.
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  • #41,344
  • Edited 4:15am Nov 22, 2012 3:46am | Edited 4:15am
Quoting traderathome
Yen Pairs Comment:

Sonicers, if you look at them you will see PA has already exceeded the RWH mark. They are unlikely to rampage up a lot further. More than likely the trickery market is doing you-know-what,......PUMP 'N DUMP. There might be more upside, but we can never tell for sure. And it is never a good idea to "chase" a trade. Since US is on a bank holiday, and tomorrow is Friday, things like this might just get pumped and held up until the week closes. All the better for the market to close longs and have time to build shorts....
Yen Pairs Comment:

Prices suddenly started dropping. The market might already be pulling the run out from under the pump it gave these pairs earlier. Seems too soon, though.

Edit: No, this PA is not "pulling out the rug" PA. The market is starting to grind the price up and down at the highs. Ranging it. Using the range and the up/down moves to close longs (sucker in longs to take them) and to open shorts (sucker in more longs).
  • #41,345
  • Nov 22, 2012 3:48am Nov 22, 2012 3:48am
nice call on a/u
  • #41,346
  • Nov 22, 2012 3:52am Nov 22, 2012 3:52am
GU: Entered short. Definately not a proper PA wave for a Sonic R. short setup. Offsetting that is the high trading at the recent highs and coming down off those highs. So, this could break down lower. Risky.
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  • #41,347
  • Nov 22, 2012 3:54am Nov 22, 2012 3:54am
Shorted AU
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  • #41,348
  • Nov 22, 2012 3:58am Nov 22, 2012 3:58am
Quoting kotlt
Can i know your TP if valid short setup, TAH ? Previous low ? 1.033x ?
Your TP, pls, tah .

AU is dropping now.
Keep Simple...!
  • #41,349
  • Nov 22, 2012 4:02am Nov 22, 2012 4:02am
Quoting kotlt
Your TP, pls, tah .

AU is dropping now.
Might try 1.0343 and then something lower, closer to RDL. Or use RDL itself. Below that, 1.0326 area.
  • #41,350
  • Nov 22, 2012 4:05am Nov 22, 2012 4:05am
UCad Comment:

Still think this will be a good trade. Bet market is loading up, holding it down. Won't let it go until the CAD release hits. If that becomes the case, the trickery market might very well pull a sizeable whipsaw. Be careful. If they do that, they will definately be hunting stops. This has been ranging for days. It could explode. But before it does, you can bet there is a good chance the market will try to screw everyone out of their carefully planned trades by whipsawing the price first.

I have trades running, including older trades. The SL on all my trades is mental. With today being a US bank holiday/Thanksgiving, no telling if the market will be light and/or if the market will pull off a lot of crap today.
  • #41,351
  • Nov 22, 2012 4:13am Nov 22, 2012 4:13am
GBP/USD

This is a study I've been doing, this is not a sonic setup, but I think, with approval from the guru's of the squad this could be a weapon added to the sonic arsenal.

Let me know what you think.
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  • #41,352
  • Nov 22, 2012 4:15am Nov 22, 2012 4:15am
Quoting traderathome
Might try 1.0343 and then something lower, closer to RDL. Or use RDL itself. Below that, 1.0326 area.
Thank,

Mine TP is 1.0337 ( DS1 ), is it possible TP ? I also move SL to BE.
Keep Simple...!
  • #41,353
  • Nov 22, 2012 4:32am Nov 22, 2012 4:32am
Quoting kotlt
Thank,

Mine TP is 1.0337 ( DS1 ), is it possible TP ? I also move SL to BE.
Hey, anything is possible. I can't know where PA might go. I can only look at historic PA and see areas where PA previously consolidated or previously bounced. That's how we pick TPs. Pivots, FR and FE studys are just to see what historic areas are the ones most likely. Historic S&R is King. Everything else is just for confirming.
  • #41,354
  • Nov 22, 2012 6:59am Nov 22, 2012 6:59am
Nobody is talking about the eur. Ok, I take the opportunity. Didn't you buy eur ? You have...It seems to me everything is against the single currency (Greece situation, domestic economy in Germany even if some good news came out today but overall the situation is dark). I bought. And I'm already on the sell side because this thing with eur going up in a rally has no fundamentals/reasons. A lot of traders are selling and someone is buying...
I'll wait...
Btw, Tha, have a good thanks giving !

Umbro
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  • #41,355
  • Nov 22, 2012 6:13pm Nov 22, 2012 6:13pm
usd/jpy
my entry.
any coments?
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FXBlog h**p://talaiatradingsystem(dot)blogspot(dot)pt
  • #41,356
  • Nov 22, 2012 6:17pm Nov 22, 2012 6:17pm
If yen wasn't acting like a madman or my ex bi polar gf I'd say looks good.
  • #41,357
  • Nov 22, 2012 6:29pm Nov 22, 2012 6:29pm
EURJPY Yesterdays pending not hit, so looking for another SonicR setup for this overbought Yen.
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Some people say I'm lucky, but the more I practice the luckier I get
  • #41,358
  • Nov 22, 2012 8:28pm Nov 22, 2012 8:28pm
I think the EUR is the one under attention more than the Yen. It's strange yesterday it was surging against the dollar despite some bad news came out. Yes, Japan could enter recession again but this country enters and exit recession according to the weather lately.
The main focus is on this EU meeting. Because I do the EURUSD mainly I'm waiting for a break at 1.29 on the upside and 1.28 on the downside in the short term (today or next week). Whatever I'm not taking any further trade (intraday) until something will clear.

Quoting Robot Trader
EURJPY Yesterdays pending not hit, so looking for another SonicR setup for this overbought Yen.
  • #41,359
  • Nov 22, 2012 9:03pm Nov 22, 2012 9:03pm
GU : Long
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Keep Simple...!
  • #41,360
  • Nov 22, 2012 9:25pm Nov 22, 2012 9:25pm
USDJPY Short

Looking at the Daily I was looking at a possible channel duplication, but PA seems to have found some resistance at the 80.9 Fib, we also have a Daily 5 wave move where wave 5 is greater and stronger than wave 3. So if this is the top I am now looking for an ABC correction pattern and am looking to join the down move using the M15 SonicR setup.
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Some people say I'm lucky, but the more I practice the luckier I get
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