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Sonic R. System

  • #42,221
  • Dec 17, 2012 6:55am Dec 17, 2012 6:55am
Quoting traderathome
Consider this, since PA was last up here....thru all the price movements since, the volume has been dropping. And now, especially at the highs again, the volume stinks! The volume last week for the run back up was the lowest of all! This longer term up trend might be about to collapse, especially if the market ran the price up last week just to close out it's longs before the collapse.
OK, in other words, we have a divergence on weekly. But isnt the weekly TF too distant when gauging trend direction for 15m entries? In my experience from other trading methods, 1h or 4h would be more suitable. But again, its just my experience..
  • #42,222
  • Dec 17, 2012 7:02am Dec 17, 2012 7:02am
Quoting mtrader123
OK, in other words, we have a divergence on weekly. But isnt the weekly TF too distant when gauging trend direction for 15m entries? In my experience from other trading methods, 1h or 4h would be more suitable. But again, its just my experience..
All I am saying is this....

The Dragon is flat.
The price is flat, one time above the Dragon and another time below the Dragon.
The longer term trend is up, or at least it has been up. But there are signs it might not continue to be up.
It is Monday, which is a time the market typically screws around with the prices while it gets positioned for trading during the week.

Sure, the next setup could be a setup for either long or short. But right now, there ain't one!
Attached Image (click to enlarge)
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  • #42,223
  • Dec 17, 2012 7:12am Dec 17, 2012 7:12am
Quoting traderathome
All I am saying is this....

The Dragon is flat.
The price is flat, one time above the Dragon and another time below the Dragon.
The longer term trend is up, or at least it has been up. But there are signs it might not continue to be up.
It is Monday, which is a time the market typically screws around with the prices while it gets positioned for trading during the week.

Sure, the next setup could be a setup for either long or short. But right now, there ain't one!
Thanks for clarifying. I am currently short USDCHF and long AUDUSD on 15m. My first Sonic trades..
  • #42,224
  • Edited 7:32am Dec 17, 2012 7:18am | Edited 7:32am
Quoting traderathome
All I am saying is this....

The Dragon is flat.
The price is flat, one time above the Dragon and another time below the Dragon.
The longer term trend is up, or at least it has been up. But there are signs it might not continue to be up.
It is Monday, which is a time the market typically screws around with the prices while it gets positioned for trading during the week.

Sure, the next setup could be a setup for either long or short. But right now, there ain't one!
I agree with Master Sonicdeejay, though. It looks more like "down" than "up" will be the way it eventually goes. We'll have to wait and see. There is still plenty of time for the US mkt. to screw around with the price. For example, the US mkt. might suddenly ram the price back up to the asian session highs,....just for the fun of it! And because it can take some really good priced shorts away from others that way, too! And in consideration of that possibility, a SL on a short trade would only be as depicted after such a move, not before!
Attached Image (click to enlarge)
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  • #42,225
  • Dec 17, 2012 7:36am Dec 17, 2012 7:36am
EJ Long setup, It will make double top?

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  • #42,226
  • Dec 17, 2012 7:50am Dec 17, 2012 7:50am
hey guys its kinda boring, not much action in the market maybe you guys wanna have live interaction here:http://zippychat.com/room/15360
  • #42,227
  • Edited 8:31am Dec 17, 2012 7:52am | Edited 8:31am
Quoting SCopier
EJ Long setup, It will make double top?

Attachment

EJ perfectly closed the gap, from the sonicr setup it might go low but it is at rdl and its Monday although I have seen some nice trades on Mondays, as for GJ it dint close the gap yet so no trend there.

As for the eu its still at 3 o'clock with no plans to move anywhere.
  • #42,228
  • Dec 17, 2012 8:37am Dec 17, 2012 8:37am
Quoting alrightfrank
hey guys its kinda boring, not much action in the market maybe you guys wanna have live interaction here:http://zippychat.com/room/15360
Tried typing in something. It refused to do anything when I hit "Send".
  • #42,229
  • Dec 17, 2012 8:46am Dec 17, 2012 8:46am
Quoting traderathome
Tried typing in something. It refused to do anything when I hit "Send".
hmmm, maybe its not for us then, sorry about that LOL! anyways i was trying to check eu, my eyes is still tellin me it might bounce at the trendline H1 level, also previous asian high. and a base C level on a hans fib. so this is my speculation.
Attached Image (click to enlarge)
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  • #42,230
  • Dec 17, 2012 9:23am Dec 17, 2012 9:23am
Quoting alrightfrank
hmmm, maybe its not for us then, sorry about that LOL! anyways i was trying to check eu, my eyes is still tellin me it might bounce at the trendline H1 level, also previous asian high. and a base C level on a hans fib. so this is my speculation.
EU:

Kinda looks weak. If the US mkt. was going after asian highs, what is the delay? Can't find anybody to take the long side of the shorts they want? Nobody on the cheque higher up? EU has been floating on ether for a very long time, pump after pump after pump. If the market can't find any more suckers, if the price is just too damn high, then this could suddenly start to drop like crazy. Anyway, so far as trading today, still too flat. But that could change if the mkt. pulls the rug out from under it.
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  • #42,231
  • Dec 17, 2012 9:41am Dec 17, 2012 9:41am
Quoting traderathome
EU:

Kinda looks weak. If the US mkt. was going after asian highs, what is the delay? Can't find anybody to take the long side of the shorts they want? Nobody on the cheque higher up? EU has been floating on ether for a very long time, pump after pump after pump. If the market can't find any more suckers, if the price is just too damn high, then this could suddenly start to drop like crazy. Anyway, so far as trading today, still too flat. But that could change if the mkt. pulls the rug out from under it.
hmmm looks like it. maybe a retest once more and then dive... the thing is its still hard to change bias as long as the PA is still above the TL and the dragon is still showing up angle. lets see, maybe somethings gonna happen before ny closes.
Attached Image (click to enlarge)
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  • #42,232
  • Dec 17, 2012 9:49am Dec 17, 2012 9:49am
EJ is closing the triangle lets see which way it brakes.
  • #42,233
  • Dec 17, 2012 9:50am Dec 17, 2012 9:50am
Quoting mihulea
EJ is closing the triangle lets see which way it brakes.
CHART?
  • #42,234
  • Dec 17, 2012 9:51am Dec 17, 2012 9:51am
Quoting kashTrader
CHART?
what do you mean?
  • #42,235
  • Dec 17, 2012 9:52am Dec 17, 2012 9:52am
Quoting mihulea
what do you mean?
I mean post a picture - a chart of what you want to show
  • #42,236
  • Dec 17, 2012 9:53am Dec 17, 2012 9:53am
Quoting kashTrader
I mean post a picture - a chart of what you want to show

There you go!
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  • #42,237
  • Dec 17, 2012 10:07am Dec 17, 2012 10:07am
Quoting mihulea
There you go!
Thank you .... It is going to be to the downside unless we see a move in EU. But, that doesn't tell us much... or I don't think will give us any tradable signals.
  • #42,238
  • Dec 17, 2012 10:10am Dec 17, 2012 10:10am
EU looks like it's still in a up trend but I wouldn't touch it if you pay me
  • #42,239
  • Dec 17, 2012 10:12am Dec 17, 2012 10:12am
Quoting mihulea
EU looks like it's still in a up trend but I wouldn't touch it if you pay me
You actually would if I paid you to take the trade
  • #42,240
  • Dec 17, 2012 10:15am Dec 17, 2012 10:15am
Quoting kashTrader
You actually would if I paid you to take the trade

I will take the trade but using your account
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