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Sonic R. System

  • #43,481
  • Jan 29, 2013 2:29am Jan 29, 2013 2:29am
EU: Increasing swings with negative drift. LO PA moved it back to TL, backtest. Overall, looks bearish. This is a SonicR short setup as it stands. On the other side of the coin, this is only Tuesday. Wednesday is big release day. And Friday is NFP release. Whichever way PA goes, I can see the market either keeping it ranging, or starting to whip it up/down in order to enhance ability to build positions. All I know is what this chart says.....

....Dragon is angled down. PA is below it and has backtested a TL which (so far) has held as resistance. PA is at half number area, a good place to launch a move. And the LS is underway. With all that, it might go up, down, or continue sideways until Friday!
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  • #43,482
  • Jan 29, 2013 2:44am Jan 29, 2013 2:44am
Quoting traderathome
GU: Entered long. This is added to an existing group of longs.
What would be the ideal targeted TP? If im understanding correctly then it be would the DVP line of 1.5728 be the target?
  • #43,483
  • Jan 29, 2013 2:46am Jan 29, 2013 2:46am
Quoting sonicdeejay
CT but silver do look bullish..


Sonic

19 hrs later..

Sonic
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  • #43,484
  • Jan 29, 2013 2:58am Jan 29, 2013 2:58am
Quoting traderathome
GU: Entered long. This is added to an existing group of longs.
GU: Added long to this group.
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  • #43,485
  • Jan 29, 2013 3:06am Jan 29, 2013 3:06am
Quoting msheno01
What would be the ideal targeted TP? If im understanding correctly then it be would the DVP line of 1.5728 be the target?
Use historic S&R and consolidation areas, as revealed in past price action, for your TPs.
  • #43,486
  • Jan 29, 2013 3:13am Jan 29, 2013 3:13am
Quoting letnanfaw
Hi master deejay or trader at home. Thx for your sharing system. It's very2 helpfull. I'm really new for testing your system. May I know for especially EURUSD how many pips usually you taken from the close breakout dragon. Is 4 pips is enough? Or more? Thx if you want to reply..... always good luck..
The rule states entry should be at least a few pips beyond the end of the first candle that exits the Dragon on leg #3 of the wave being traded. Yes, that could mean 3-4 pips. Just keep in mind the purpose is to help avoid head fakes. Therefore, if there is obvious S&R quite near the EP, the price could move there and return on a reversal. So, you really have to see what past PA is showing about S&R. Sometimes a few pips is good, but sometimes you need to hold entry until price moves through other nearby S&R.
  • #43,487
  • Jan 29, 2013 3:19am Jan 29, 2013 3:19am
EU: Here we go again, back down thru the TL. Was that SM hiking the price to go short? This is ranging. Bull or Bear? Have to await definitive PA, but moves like that last one are suspiciously bearish, imho.
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  • #43,488
  • Jan 29, 2013 3:21am Jan 29, 2013 3:21am
Quoting sonicdeejay
19 hrs later..

Sonic
.....and? Ok. I give up. What is a silver pip worth? ....I mean, outside of hunting vampires?
  • #43,489
  • Jan 29, 2013 3:29am Jan 29, 2013 3:29am
EJ: Out of the YEN pairs, the euro is showing weak, too.
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  • #43,490
  • Jan 29, 2013 3:34am Jan 29, 2013 3:34am
Quoting traderathome
EJ: Out of the YEN pairs, the euro is showing weak, too.


Just waiting
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  • #43,491
  • Jan 29, 2013 3:34am Jan 29, 2013 3:34am
eu shorted m15, lets see what the market gives...
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  • #43,492
  • Jan 29, 2013 3:37am Jan 29, 2013 3:37am
EU Comment:
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  • #43,493
  • Jan 29, 2013 3:48am Jan 29, 2013 3:48am
Quoting traderathome
GU: Added long to this group.
You dont use SLs, do you?
  • #43,494
  • Edited 4:38am Jan 29, 2013 3:56am | Edited 4:38am
EU Comment:

Friggin' SMs are boring, the way they work every last cent out of this piece of shit. Been holding it up, pumping it up, for ages. You'd think they'd have enough shorts now to be appeased. Or, are they still stuck in long positions they just can't get rid of, no matter how high they pump it? Their greed, or fear, whichever is causing them to control pricing in the manner that they have been doing, is getting monotonously boring....

......and by the looks of it, they are going to just keep doing this crap all the way to Friday and NFP relaease. Heck, they'll probably hike the price to 1.3500-1.3550 for the event.

It is getting to the point that it appears the SM mentality is that by continuously hiking EU, no matter what, other folks will be deceived and jump in long. That would, of course, enable SM to get rid of more of its longs. But maybe folks are thinking differently, and SM is just to full of itself, and arrogant to see it. The higher SM hikes the price, the more others see the desperation in SM to get somebody, anybody, to take it's longs off it's hands!
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  • #43,495
  • Jan 29, 2013 4:04am Jan 29, 2013 4:04am
Quoting mtrader123
You dont use SLs, do you?
I didn't abide by my SL on that, which is why the trade is in the shape it is in. The week open gap down didn't help, but if it has been to help get the price lower to build long, the trade will be ok. If not, and if the market is a bear, even a decent pull back (up) should do the trick.
  • #43,496
  • Edited 5:23am Jan 29, 2013 4:55am | Edited 5:23am
Quoting traderathome
EU Comment:

Friggin' SMs are boring, the way they work every last cent out of this piece of shit. Been holding it up, pumping it up, for ages. You'd think they'd have enough shorts now to be appeased. Or, are they still stuck in long positions they just can't get rid of, no matter how high they pump it? Their greed, or fear, whichever is causing them to control pricing in the manner that they have been doing, is getting monotonously boring....

......and by the looks of it, they are going to just keep doing this crap all the way to Friday...
EU Comment:

See, that was a fair move. At least it is showing the bear that is hidden, has been hidden, under the bull shit clothing the market has worn for so long!

SMs don't like me telling folks the truth about them, ex-bulls and stuck with only God knows how much in longs on this one, that they have to sucker in long buyers via these desperation moves, in attempt after attemp after attempt. Idiots, if they figure one wee bitty bear move is going to be overlooked. Their disguise is blown!

Ops! Sorry. That is speculative, you know. And I have no bias. Well, except I really don't care for those Smart Money folks. Just think about it. They are so full of themselves and arrogant, that they have the audacity to get themselves referred to in all the books filled with lies about trading, as SM (Smart Money). And they aren't, actually! They just have stolen so much money from others via their price manipulations, that they can now be wrong longer then the rest of us!

Could be that "SM" really stands for Syndicate Money, as in the Wall Street syndicates that have manipulated the market and controlled prices since the turn of the last century. You know, those "Thieves of Wall Street" that have grown into the financial giants they are today, those folks that have such a lock on the market they can sell shit that doesn't even exist! Yep, called naked shorting. Hey, any market that allows those with the most money to dump/sell counterfeit shares into the market to control or to intentionally depress prices, is a crooked market controlled by thieves.
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  • #43,497
  • Jan 29, 2013 5:16am Jan 29, 2013 5:16am
Quoting alrightfrank
eu shorted m15, lets see what the market gives...
closed +36
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  • #43,498
  • Edited 6:00am Jan 29, 2013 5:31am | Edited 6:00am
Quoting sonicdeejay
Main Trend is on your side..

It is just the price is below dragon..Wave is also down..It may be going to 121.2x first..

http://www.forexfactory.com/attachme...1&d=1359363813

Who knows..
Sonic
26 hrs later.. Told Cha..

Inserted Video



Sonic
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  • #43,499
  • Jan 29, 2013 5:57am Jan 29, 2013 5:57am
AU Comment:

Things are really slow,......EU went down only a bit, GU up a bit and AU has been stuck sidways for past hours. This might take a dip for longs right about the US open, or maybe before. The quarter number to load up longs? Shear speculation, well actually a hunch. But, I have no bias. It is just what I see on the chart. PA that appears weakening and support around the quarter number. Since Dragon is up and Trend is now level after coming down, this should go higher. If so, makes sense the market will get longs lower first. We'll see.
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  • #43,500
  • Jan 29, 2013 6:02am Jan 29, 2013 6:02am
Rentry EU short 13.430, TP 13,380, SL 13,465, PA just retest recent resisten
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