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Sonic R. System

  • #42,361
  • Dec 20, 2012 4:25pm Dec 20, 2012 4:25pm
There were pending not ongoing ...I had my green order hit at 1.32370 and then the market started rallying upside. I made some pips.You're right when saying I didn't know. I was waiting for the market to exit the range and take a direction upside or downside. That's the reason for the 2 pending orders.

Quoting umbro
I cannot wait anymore. I have these 2 orders ongoing. Red and Green line.
  • #42,362
  • Dec 20, 2012 5:25pm Dec 20, 2012 5:25pm
Despite the overall good news on the US data of yesterday (unemployed claims, gdp etc.) and even if some draft solution for the fiscal cliff has been "AGREED" , the eur is still rising with a strong momentum.
Some people think we are in a new fresh uptrend for the single currency. I personally like to be neutral about this. May be because I have been burnt so many times being a victim of my wrong thinking.
I'm going to take positions but with I'll be very careful about all this optimism for the end of year...
Btw, today is the end of the world. I wanna thank you for having let me here until today.


Quoting umbro
There were pending not ongoing ...I had my green order hit at 1.32370 and then the market started rallying upside. I made some pips.You're right when saying I didn't know. I was waiting for the market to exit the range and take a direction upside or downside. That's the reason for the 2 pending orders.
  • #42,363
  • Dec 20, 2012 7:32pm Dec 20, 2012 7:32pm
is this move during asia session what they call the end of of the world?
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FXBlog h**p://talaiatradingsystem(dot)blogspot(dot)pt
  • #42,364
  • Dec 20, 2012 7:46pm Dec 20, 2012 7:46pm
No, it's not. it's just the market.

Quoting talaia
is this move during asia session what they call the end of of the world?
  • #42,365
  • Edited 8:30pm Dec 20, 2012 8:03pm | Edited 8:30pm
Quoting talaia
is this move during asia session what they call the end of of the world?
EU:

Nope. Apparently some of the market has already finished what it has been doing for weeks, driving up prices to bring in longers so it could close longs and open shorts. And now the push might be on to start making profits on those covertly reversed positions. Whether or not these downwards moves hold will depend on the those that had the largest long term long positions. Once outfits like that are reversed, there will be no further need to hold up the price to sucker in longs. And then, the more quickly they drop the price the better they trap the longs.

I believe we could be starting to see the second phase of what I have been talking about for weeks. The market has been covertly pro-USD, but keeping the prices moving in anti-USD directions in order to coax in "wrong side" traders. For EU, this meant keeping the pressure on to keep the price rising and traders trading long, all the while that Smart Money was starting to sell to close longs and sell to open shorts! Huge, long term long positions were involved, and reversing them without rocking the boat and disclosing what you are doing, can take months; certainly it can take many weeks. Now, this phase may be coming to an end. Once done, prices could start falling and in such a way that average daily ranges start increasing again.

Certainly things are starting to change. AU, EU, GU are falling. UCad, UChf are rising. All substantially so, and in the early asian session. When in recent history has such consistency to such degrees been exhibited this way?
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  • #42,366
  • Dec 20, 2012 8:05pm Dec 20, 2012 8:05pm
To add some value....I'm waiting for a reversal and then enter above 1.32092 with a long. There is a lot of pressure on the downside but we're still in asian time so everything could change very fast approaching the the subsequent sessions.

Quoting umbro
No, it's not. it's just the market.
  • #42,367
  • Dec 20, 2012 8:16pm Dec 20, 2012 8:16pm
What's the yellow snake on the chart ? It's me I'm already gone at 11.00 AM or it's a new thing ? Thanks

Quoting traderathome
EU:

Nope. Apparently some of the market has already finished what it has been doing for weeks, driving up prices to bring in longers so it could close longs and open shorts. And now the push might be on to start making profits on those covertly reversed positions. Whether or not these downwards moves hold will depend on the those that had the largest long term long positions. Once outfits like that are reversed, there will be no further need to hold up the price to sucker in longs. And then, the more quickly they drop the price the better they...
  • #42,368
  • Dec 20, 2012 8:33pm Dec 20, 2012 8:33pm
Quoting umbro
What's the yellow snake on the chart ? It's me I'm already gone at 11.00 AM or it's a new thing ? Thanks
It's the 89 SMA, color filled using HL prices for the boundaries, as is done with the Dragon.
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  • #42,369
  • Dec 20, 2012 8:36pm Dec 20, 2012 8:36pm
Quoting sonicdeejay
Good looking pinbar in daily..lovely..

sonic
Daily PB, set up play out just fine..
now it is time to turn on good MM mode, to ride the slide while protecting profit.

Sonic
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  • #42,370
  • Dec 20, 2012 8:37pm Dec 20, 2012 8:37pm
In recent history, there's no exhibition of this. We're in a new history phase which means the market is not the same as before. But somebasic rules are the same about life and trading.

Quoting traderathome
EU:

Nope. Apparently some of the market has already finished what it has been doing for weeks, driving up prices to bring in longers so it could close longs and open shorts. And now the push might be on to start making profits on those covertly reversed positions. Whether or not these downwards moves hold will depend on the those that had the largest long term long positions. Once outfits like that are reversed, there will be no further need to hold up the price to sucker in longs. And then, the more quickly they drop the price the better they...
  • #42,371
  • Dec 20, 2012 8:37pm Dec 20, 2012 8:37pm
Quoting hansma
Hope so. He he

No Sl or Tp as of yet.

Regards.

H.
great trade, hansma
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Keep Simple...!
  • #42,372
  • Dec 20, 2012 8:42pm Dec 20, 2012 8:42pm
Quoting sonicdeejay
Daily PB, set up play out just fine..
now it is time to turn on good MM mode, to ride the slide while protecting profit.

Sonic
Three clues:

1. Daily pin bar two days ago.
2. What looks to be a Daily engulfing candle in the making today.
3. Above average volume for the past two days while prices were at the maximum Daily highs!!!!!!!!!!!!

What does it all add up to?


..........Pump 'n Dump.......on Daily!
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  • #42,373
  • Dec 20, 2012 8:51pm Dec 20, 2012 8:51pm
Yes, played fine as per your previous post. Umbro

Quoting sonicdeejay
Daily PB, set up play out just fine..
now it is time to turn on good MM mode, to ride the slide while protecting profit.

Sonic
  • #42,374
  • Dec 20, 2012 8:51pm Dec 20, 2012 8:51pm
EU : Fake setup in Asia session.
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Keep Simple...!
  • #42,375
  • Edited 9:08pm Dec 20, 2012 8:56pm | Edited 9:08pm
Quoting umbro
In recent history, there's no exhibition of this. We're in a new history phase which means the market is not the same as before. But somebasic rules are the same about life and trading.
Sure, Umbro. And the "....some basic rules are the same about life and trading...." are this:

When "Privileged" money in the market is deeply entrenched in billions of dollars in long term long positons on the euro, it will take some magnificent maneuvering to sell off all those billions of holdings of the euro to others, to suckers! This maneuvering will take many weeks, if not months. And all the while, that "Privileged" money needs to keep positive pressure on the euro, keeping it going up so as to sucker traders into opening many long positions so "Privileged" money can both exit it's billions of long positions and also open billions more of short positions. This is why it takes weeks, months to delicately negotiate a reversal of positions without exposing the mass exodus from the euro. This is what we have been seeing for the last several months.

But, everyone can believe whatever else they want to, and can try and come up with a better explanation of the past months of PA, consistent current PA.

But, listen now, a lot more can happen in conjunction with the "Fiscal Cliff/Curb", and however that finally works out. Personally, I believe some outfits are going pro-USD now, beforehand, because they sense what the outcome will be. Others will wait. And when they act, even more force will push these prices pro-USD. Perhaps late January, or into February. When that happens, that is when folks are going to start saying, "Oh, I think EU is undergoing a reversal". They will be many months off from the true, earlier start of the reversal.
  • #42,376
  • Dec 20, 2012 9:01pm Dec 20, 2012 9:01pm
Quoting kotlt
EU : Fake setup in Asia session.
Kotlt, are you saying the drop is a fake setup? Or, are you saying that miniscule rise before the drop was a fake? You are not clear. We must ALWAYS BE PERFECTLY CLEAR! Ok?

If you are suggesting the run down is fake, I disagree. That looks like a genuine selloff to me. However, later the FO/LO might move the price back up before another selloff.
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  • #42,377
  • Dec 20, 2012 9:04pm Dec 20, 2012 9:04pm
tah your volume bars look just like the examples in "master the markets" circa 1990's
a lot of your analysis talks about volume spread idk if you've read it or not, I'm currently delving into it.

seems like the true way to trade, or the "professional" way. I really like how sonic system uses vsa.
cheers
mezzy
  • #42,378
  • Dec 20, 2012 9:17pm Dec 20, 2012 9:17pm
Test my new Dragon+HAS, look like beginning of Downtrend

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  • #42,379
  • Edited 9:29pm Dec 20, 2012 9:17pm | Edited 9:29pm
Quoting Mezzy
tah your volume bars look just like the examples in "master the markets" circa 1990's
a lot of your analysis talks about volume spread idk if you've read it or not, I'm currently delving into it.

seems like the true way to trade, or the "professional" way. I really like how sonic system uses vsa.
cheers
mezzy
Comment on USD Pairs:

Actually, we might be witnessing the final stages of the covert reversal of large, long term positions with prices starting to show the possibility of the actual, subsequent reversal of prices! Now is a really good time to know S&R and watch for pullbacks; moves and pullbacks, moves and pullbacks. Now to mid-January is low volume time, so spectacular PA is not likely. But all of December thru most of January is traditionally like that, and look what we are seeing! This is a remarkable period for the forex marketplace, imho.

To put it succinctly, some of the rats have taken to jumping ship early!
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  • #42,380
  • Dec 20, 2012 9:35pm Dec 20, 2012 9:35pm
I'd also like to comment about all the speculation on whether the institutions are pro-usd or pro-euro. With drawings.


In my opinion, which I feel I have a pretty good understanding on economic correlation, having lived all over the world and having bloomberg on nearly 24/7. (don't judge by my trading my predictions usually go my way, just my entry/timeframe/exit are bad and end up in losses due to emotions)

The current outlook of the three major currencies is as follows:

1. USD; the dollar is currently weakened due to the fiscal cliff scenario. Think about what this means. Buy low sell high. This is a prime opportunity for the institutions to be buying dollars. Also the US is situated for exponential growth, at least for the next 5 years... the US has already identified that we will be in for a full blown crisis that the euro is going through right now, however they are certain it will not happen for another 5+ years. 2008 the US went through a huge mortgage crisis as institutions were leveraged to the hilt through a loophole so big even banks were in on it. The housing market is recovering people are spending and borrowing money, and our stocks are doing well. This all spells growth.

2. EURO; euro is going through their financial crisis, but is currently pretty stong (at least for the year; we have just seen a bounce off the yearly high of may) Buy low sell high. The euro is now positioned for a sell off, the yearly high has been touched for a double top formation and has peaked with a pinbar of all doji's this is an EXTREMELY high probability entry point for long term investors to sell off their Euro positions.

3. Yen; yen has suffered extremely from inflation of their currency value and has stated that they are going to do everything in their power to fight it. They know its bad for trade, its bad for their growing population, its bad for the future. The only people it is good for are those collecting retirement and living off their savings as their savings are worth more. Buy low sell high, yen is strong time to sell it.

So for long term movement we are at the pinnacle of a switcheroo as TAH has been saying for awhile. The euro is being sold off, the dollar is being bought, and the yen is just being obliterated.

Anyways this is just my take on where to position your "bias" for the long term, as always price can move 100+pips a day and you must position yourself accordingly so you can handle the pain when it swings against you.

Cheers again,
Mezzy

Disclaimer: This is purely my opinion and extremely speculative, use at your own risk.
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