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Sonic R. System

  • #44,241
  • Feb 19, 2013 4:50pm Feb 19, 2013 4:50pm
GJ: Entered long. TP tentative. SL mental. High impact releases later.
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  • #44,242
  • Feb 19, 2013 5:14pm Feb 19, 2013 5:14pm
I am with professor TAH..

LO shall show its true color..
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  • #44,243
  • Feb 19, 2013 6:39pm Feb 19, 2013 6:39pm
Quoting traderathome
GJ: Entered long. TP tentative. SL mental. High impact releases later.
GJ: Added Scout long on PA spike down. This spike is typical of MMs seeking cheap longs and so go on a liquidity creation drive to hit pending SLs on longs and trigger pending shorts into the market. Moved SL, which is still mental.
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  • #44,244
  • Feb 19, 2013 6:45pm Feb 19, 2013 6:45pm
Quoting sonicdeejay
I am with professor TAH..

LO shall show its true color..
EU: For sure, that was another Pump & Dump! What I find interesting is the question.....are the MMs pumping to short, or are these bastards choking on longs that they are still trying to get rid of?!
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  • #44,245
  • Feb 19, 2013 8:09pm Feb 19, 2013 8:09pm
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I ran into this loss. Even though I was stop out of this long, I am a bit confused on why it simply failed to materialize. To me it looks like a pretty decent sonic setup but I must have missed something to be this off. Its demo but its a loss regardless and I would like to learn from this. Could anyone help me out on this one. I actually print my "wrongs" out, note them and put them into my notebook so hopefully you understand that your thoughts/knowledge will not go to waste. I even have the Sonic rule book on my phone for periodic review, haha. Thank you.
I love forex. One day it will love me back.
  • #44,246
  • Edited 9:59pm Feb 19, 2013 9:47pm | Edited 9:59pm
Quoting Singha83
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I ran into this loss. Even though I was stop out of this long, I am a bit confused on why it simply failed to materialize. To me it looks like a pretty decent sonic setup but I must have missed something to be this off. Its demo but its a loss regardless and I would like to learn from this. Could anyone help me out on this one. I actually print my "wrongs" out, note them and put them into my notebook so hopefully you understand that your thoughts/knowledge will not go to waste. I even have the Sonic rule book...
I don't see a higher low in your little box there that would indicate a wave up. This chart is actually setting up, however, if it crosses back above the dragon. It has made a low, high, and then if it came back up, it would make a higher low followed by a cross of the dragon that must still be pointing up, which is the exact rules for entry.

I drew the wave for you, as I see it to help you understand why wave analysis is SO vital and for you to keep in your records. Others may have drawn it differently, but I can't really see anyone drawing it and getting different results from my analysis. It didn't make a higher high until after you entered, inside the box. At the point you took the picture, you should still be waiting to see if it finishes making a higher low and crosses back above the dragon. THEN the signal would have been confirmed and price was likely to continue up.

Unfortunately, this did not happen and price continued down to make a lower low. No valid entry was called and a lack of entry point should have saved everyone from entering the market wrong.

Also, I am pretty sure I said it yesterday but I'll say it agian: This is to be used DURING THE LONDON SESSION. Not the Asian session. During the Asian session, these setups are not very accurate and tend to go absolutely nowhere or even possibly turn around and reverse. So read that again. London Session only. Hope this helps.
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Currency is a joke. And that's precisely why I trade it.
  • #44,247
  • Feb 19, 2013 9:55pm Feb 19, 2013 9:55pm
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Quoting babetko
consolidation - diamond: small diamond is yesterday....Attachment
  • #44,248
  • Feb 19, 2013 10:43pm Feb 19, 2013 10:43pm
Quoting traderathome
GJ: Added Scout long on PA spike down. This spike is typical of MMs seeking cheap longs and so go on a liquidity creation drive to hit pending SLs on longs and trigger pending shorts into the market. Moved SL, which is still mental.
GJ: Added trade #3 long, a Scout. About three hours until the high impact releases and to me it still appears MMs are manipulating the price to get longs. SL (not shown) remains mental. Added TP2, also tentative.
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  • #44,249
  • Feb 19, 2013 11:03pm Feb 19, 2013 11:03pm
Quoting traderathome
GJ: Added trade #3 long, a Scout. About three hours until the high impact releases and to me it still appears MMs are manipulating the price to get longs. SL (not shown) remains mental. Added TP2, also tentative.


can a ADD a Long trade till EP2...? and why you are so confidence about the
Claimant Count Change


MPC Meeting Minutes

REPORTS WILL BE IN YOUR FAVOUR...
  • #44,250
  • Feb 19, 2013 11:05pm Feb 19, 2013 11:05pm
Quoting irfanhashim
can a ADD a Long trade till EP2...? and why you are so confidence about the
Claimant Count Change


MPC Meeting Minutes

REPORTS WILL BE IN YOUR FAVOUR...

this is so professor TAH style..

just be careful.. not to overexpose.
  • #44,251
  • Feb 19, 2013 11:14pm Feb 19, 2013 11:14pm
Quoting sonicdeejay
this is so professor TAH style..

just be careful.. not to overexpose.
THANKS FOR ADVC?? MASTER

SONICDEEJAY.. will you please tell me that have you saw any sonic setup for EJ...

here i found a wave setup for GU... befor Lo and THE NEWS
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  • #44,252
  • Edited 11:29pm Feb 19, 2013 11:16pm | Edited 11:29pm
1.545x.. is resistane..

Sonic
P.S I repeat, do not over expose yourself with long.. it is obviously under Sell presure and it
is just that pricing are in range..
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  • #44,253
  • Feb 19, 2013 11:24pm Feb 19, 2013 11:24pm
GJ thoughts but I do not have a position until after LO. TP would be open. This is a wild pair and with all the news coming out there will likely be movement in both directions.
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  • #44,254
  • Feb 19, 2013 11:46pm Feb 19, 2013 11:46pm
EG Comment:

Being bullish GU and bearish EU, I took a look at EG. I don't normally trade this, but it could be at a changing point,....a big changing point. Monthly, H4 and M15 attached demonstrate. And two GBP high impact releases are in less than two hours. I would not be surprised to see a "Last Hurrah!" spike up on this today, especially if the releases are good for the GBP! And that might be the best time to start shorting.....
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  • #44,255
  • Feb 20, 2013 12:00am Feb 20, 2013 12:00am
Quoting irfanhashim
can a ADD a Long trade till EP2...? and why you are so confidence about the
Claimant Count Change.....MPC Meeting Minutes.....REPORTS WILL BE IN YOUR FAVOUR...?
I have no idea about what will be released. What I see on the chart is that late yesterday when the US MMs had the market to themselves they concentrated on getting the price low. And so did the Asian session MMs today. And now so have the Frankfurt MMs. All have taken price below the whole number, which is where the MMs like to take it when building longs.

Now lets see what the London MMs do with the 1.5 hours remaining until the GBP high impact releases.....
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  • #44,256
  • Feb 20, 2013 12:10am Feb 20, 2013 12:10am
GU Comment:

London MMs wasted no time. They drove price right back to the lows to start loading up on longs, ahead of the GBP high impact releases that are soon coming. And then later are two USD high impact releases. This could be a double impetus for a move higher. We'll see. If so, then not only will GU rise, but GJ will too and EG will fall.
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  • #44,257
  • Feb 20, 2013 12:29am Feb 20, 2013 12:29am
EU Comment:

Note that today the Asian session MMs drove the price above the whole number. And the Frankfurt MMs and the London MMs have kept it above the whole number, which is where the MMs want it when building short positions. Two USD high impact releases are coming later.
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  • #44,258
  • Feb 20, 2013 1:00am Feb 20, 2013 1:00am
Quoting worldfreedom
GJ thoughts but I do not have a position until after LO. TP would be open. This is a wild pair and with all the news coming out there will likely be movement in both directions.
I entered short with a tight stop. I will either be right or get out fast. PA Wave below dragon and 89. TP are open at this time if the trade survives.
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  • #44,259
  • Feb 20, 2013 1:18am Feb 20, 2013 1:18am
LO just remind the rest of us.. who is the boss?


Sonic
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  • #44,260
  • Feb 20, 2013 1:25am Feb 20, 2013 1:25am
Quoting sonicdeejay
LO just remind the rest of us.. who is the boss? Sonic
MMs would love it if traders got confused, what with all the ups and downs. They took it below half number yesterday and have kept it there. That is where they like it when building longs. Now, if some traders get confused with the up/down action, that is all the better for the MMs. If traders go short, well the MMs get to have more longs. If traders go long, well those become more pending long SLs to hit later maybe.

Speculative, yes. We just have to wait and see. Not much longer a wait, though.
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