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Sonic R. System

  • #43,161
  • Jan 21, 2013 6:22pm Jan 21, 2013 6:22pm
Quoting andyvxr
The blue candle upbar was confirmed as SM selling as the next bar was a downbar.
If the blue bar was buying the next bar would have been another upbar.
So the particular bar in question was SM selling.
Andy, I think we need to appoint you as the head of "Sonic R. Department of VSA", making it an honorary and permanent position. Your duty would be to keep posting these simple to digest observations, consistent with the proven learning method....

......Repetition, repetition, repetition!


-tah
  • #43,162
  • Jan 21, 2013 6:36pm Jan 21, 2013 6:36pm
I accept, whats the annual salary ?
lol


Quoting traderathome
Andy, I think we need to appoint you as the head of "Sonic R. Department of VSA", making it an honorary and permanent position. Your duty would be to keep posting these simple to digest observations, consistent with the proven learning method....

......Repetition, repetition, repetition!


-tah
  • #43,163
  • Jan 21, 2013 7:32pm Jan 21, 2013 7:32pm
Quoting andyvxr
I accept, whats the annual salary ?
lol
Hey, it is an Honorary position! We wouldn't want to diminish it's prestige or demean its "bragging rights" for you by involving something so tacky as money!
  • #43,164
  • Jan 21, 2013 7:38pm Jan 21, 2013 7:38pm
EU: M5- SM currently seems bullish at the natural support level of the whole number.
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  • #43,165
  • Jan 21, 2013 7:45pm Jan 21, 2013 7:45pm
Quoting traderathome
Mezzy, I presume therefore that your long was triggered. And now the asian SM are quick to send price lower. Lower, but so far only towards the bottom of the existing range.

Now, if you put M1 chart up, what do you see SonicR VSA suggesting? What I see is all the concentrated trading happening at the lower prices, not before the run down started. What does that suggest? Asian SM might be loading up for what they anticipate as a nice bull move later by the NYC SM bears. Do your own analysis, but take a look at this and let me know what you think....
I honestly wont go lower than the 5m chart, the 1min can have too much noise and is easy to be confused with SM and someone with a big bank account at low volume hours. I prefer to use 15m or 5m for entry but use the 4h or daily for overall directional action. I feel that the SM works off these higher time frames because there is less noise and they really only care about which direction the market is headed and if they are buying low or high.

So I feel that the market will move further up, but it could take another bounce off the trend bottom before it does. To me there's not enough proper evidence to make a solid "I'm sticking to my guns" trade, especially since my entry is somewhere near the lower middle of the trend channel.

Thats why I'm looking for a break even, and look for a better entry off solid movement.
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  • #43,166
  • Jan 21, 2013 7:51pm Jan 21, 2013 7:51pm
Quoting traderathome
GU:

Entered short.

Stayed up for several hours into the LS, then went to bed, but with my pending order per the pic. Really, I closed down believing today would be a waste, what with US Presidential Inauguration, US bank holiday, and lower overall volume in the opening hours of the LS. I had entered UCad short, but also had this possibility. Well, it triggered. Surprising, since it seems to be about the only thing that moved today. Don't know why, but it is what it is. Doubt target will be reached today, but one never knows.

Tomorrow should...
GU: Manually closed for 30 pips gain, EP1 to TP2.
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  • #43,167
  • Jan 21, 2013 7:53pm Jan 21, 2013 7:53pm
Sonikers,

just a gentle reminder,, I had said it once, I am sayin one more time again...

What we trade is price, not volume. So, waves & S/R overule them all.. We used Volume Analysis to add our odd on winning...


Sonic
  • #43,168
  • Edited 9:52pm Jan 21, 2013 8:37pm | Edited 9:52pm
good am fellas, heres my take for eu: shorted @.3311 be/ts @.3287 tp @.3115

edit: trade closed manually at be
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  • #43,169
  • Jan 21, 2013 9:18pm Jan 21, 2013 9:18pm
EU: Entered long. Early entry in two ways. It is a pre-LS entry, and also I entered before price exited the dragon. This has been ranging for quite some time and (maybe it is just me) but this is looking more bullish now.
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  • #43,170
  • Jan 21, 2013 9:30pm Jan 21, 2013 9:30pm
GU: Entered long. Also early entry due to being pre-LS and maybe a few pips early on the price entry.
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  • #43,171
  • Edited 9:53pm Jan 21, 2013 9:31pm | Edited 9:53pm
Quoting traderathome
EU: Entered long. Early entry in two ways. It is a pre-LS entry, and also I entered before price exited the dragon. This has been ranging for quite some time and (maybe it is just me) but this is looking more bullish now.
Same. Entered before the signal on Sonic, but I saw a dead cat bounce (double bottom) on 5-min and I took it on the one minute exit from the dragon. Hourly bounced off the round number twice as well.

Entry 1.33106, S/L 1.3298
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Currency is a joke. And that's precisely why I trade it.
  • #43,172
  • Jan 21, 2013 10:02pm Jan 21, 2013 10:02pm
Quoting MtDarkness
Same. Entered before the signal on Sonic, but I saw a dead cat bounce (double bottom) on 5-min and I took it on the one minute exit from the dragon. Hourly bounced off the round number twice as well.

Entry 1.33106, S/L 1.3298
Took profit at 1.3350. It just exploded up and I couldn't change it fast enough!
Currency is a joke. And that's precisely why I trade it.
  • #43,173
  • Jan 21, 2013 10:03pm Jan 21, 2013 10:03pm
EJ: Added short. Price just got spiked. Scout. This trade, like the one yesterday, will be grouped with other existing open short trades.
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  • #43,174
  • Jan 21, 2013 10:08pm Jan 21, 2013 10:08pm
Quoting traderathome
EU: Entered long. Early entry in two ways. It is a pre-LS entry, and also I entered before price exited the dragon. This has been ranging for quite some time and (maybe it is just me) but this is looking more bullish now.
EU: TP1 reached and trade closed for 37 pips gain, EP1 to TP1.
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  • #43,175
  • Jan 21, 2013 10:13pm Jan 21, 2013 10:13pm
Quoting traderathome
GU: Entered long. Also early entry due to being pre-LS and maybe a few pips early on the price entry.
GU: Manually closed for 20 pips gain, EP1 to TP2.
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  • #43,176
  • Jan 21, 2013 10:21pm Jan 21, 2013 10:21pm
eu h1 ct trade, short trailing closely...

Quoting MtDarkness
Took profit at 1.3350. It just exploded up and I couldn't change it fast enough!
indeed it was a sudden burst i just saw it on my chart (maybe due to my slow connection as well though)

+15 sl to be this is now a free trade, let the market decide....
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  • #43,177
  • Edited Jan 22, 2013 12:13am Jan 21, 2013 10:50pm | Edited Jan 22, 2013 12:13am
Quoting sonicdeejay
* A lil less of conversation and more action pls..

UJ cracks are showing up...


Sonic
26 hrs later,,,
I had a short and SL @BE..


Sonic
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  • #43,178
  • Edited 11:33pm Jan 21, 2013 11:15pm | Edited 11:33pm
EU:

As I said, I half expected bear SM to drive up the price, maybe to the half number. So it did! Ahem, but the asian session SM did it, not the NYC SM as I expected. So, did the asian session SM think as I did, and then decide to ram up the price themselves? I mean, there are only so many suckers to be had on such a run. Did asian session SM decide to make those suckers belong to them, before the NYC SM came to the table? And if so, will that infuriate the over-egoed NYC SM to the point they irrationally spike the price themselves. Of course, those ego hounds will just have to outdo the asian session SM, meaning driving up the price more pips than they did, to the ultimately premium shorting grounds.

RDH, here we come!

(Just funnin' here. I have no idea what is going to happen today. But SM might take the price back up to/near the top of what might be perceived as the current Distribution zone. Such a nice run up should encourage unsuspecting longs into the market. Just what SM wants so they can either unload more of their longs, or continue to build big short positions for the inevitable run lower.)
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  • #43,179
  • Edited Jan 22, 2013 12:06am Jan 21, 2013 11:55pm | Edited Jan 22, 2013 12:06am
Quoting traderathome
EU:

Such a nice run up should encourage unsuspecting longs into the market. Just what SM wants so they can either unload more of their longs, or continue to build big short positions for the inevitable run lower.)
It was an incredibly sharp move and it's very convenient that it happened just before the London Market Open... I don't trust it. I'm betting that it bombs soon. Possibly in the next few days, maybe next week. We will see.
Currency is a joke. And that's precisely why I trade it.
  • #43,180
  • Jan 22, 2013 12:15am Jan 22, 2013 12:15am
Quoting traderathome
EU: TP1 reached and trade closed for 37 pips gain, EP1 to TP1.
Professor TAH, on fire..Bravo..

Sonic
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