Sonic R. System

AU:

This is a long setup here and now.

EG:

This is a short setup here and now.

GU:

This is a long setup, though it might pull back down a bit in a few hours.

EU:

This has the appearance of a long setup, but I don't have the confidence in it as I do in GU long and EG short. Let the MMs decide, right?

Hopefully both EU and GU will shoot up as they often go to same direction regardless of EG. I'm long with EU as posted earlier.

Too early to call then (2 hours ago). Lets see which way it breaks out of this area.

EG:

If this breaks below the whole number it confirms the trade, and this is how I see the trade.

EU SL hit at 1.2995.
New PA wave formed, so reversed trade EP at 1.2995 tight SL at 1.3008 and TP 1.2955

Market Comment:

Last week was a major event week for the YEN pairs, which are probably solidly into the Distribution phase now, and the MMs might spike them up again, now and then in future days, to improve their profits either in still closing longs or in building their short positions.

EU, the darling ballerina of the forex market so often held up by strings has sort of waffled, showing not much in either direction. However, over past many days GU has taken a real wacking, and at the bottom of an already really good tumbling too! So, what is the word, oversold! I see this one as solidly into the Accumulation phase. I'd be watching for the MMs to drive it down now and then as they create better prices for their long acquisitions.

Today seems like a typical first day of the week, meaning nothing of substance is likely to happen. The market looks to be posturing for whatever is to come, which means those things in Distribution are being distributed and those things in Accumulation are being accumulated. Nothing is going to be given the 'ole "sendoff" today and maybe not for another couple of days. Ranging is all we are likely to see, so any trades might best have targets that are reasonably within the day range as well as within the ranging of the pair.

Just My View,
-tah

I try a short in EURUSD too.

EURUSD and Cable still down to me ---



enigma4x

LO has answered.. If I did patience.. I would have get a buy at even lower price..


Sonic

Hi Robot Trader !

I like your zigzag indicator (high / Low), could you please post it here ?

Thank you

Hi ForexTeam,

Enjoy

Regards

RT

Thank you

Best regards

Hi TaH

Thank you very much to Sonic and You for the great effort and work along this years.
I've been following all the instructions in the first post.
I read the first 1000 post and the last 1000.
I noticed that everybody is using your templates, but i didn't find the post with the changes respect to SonicR original templates.

Please be so kind to indicate in which post I can fin the instructions

Sorry bother you again. I'm a little bit confused about the TF to operate.
PA decision must be taken on TF5 m or TF 15m (but doing the following in the lower Tf)?

Hi
you can find in the post 34,300, page 2287 or use the link in the first post to TAH template, you can find out other answer also in this post.
regards
E

Thank you very much. I became crazy looking for it.

can someone direct me to an informational site so that I could better understand wave analysis. Im still not as comfortable as I liked to be. Its still a little confusing for me.

Thanks!

GU:

Once again today this is a long setup. It is clear the MMs took the price lower to load up on longs. Of course, they could continue in this fashion for days, but it is clear this is in an Accumulation phase.

Yes, EU outperformed GU today, but I bet once GU hits the Mark Up phase, it leaves EU in the dust. Look at EG and you can see reasons to suspect the MMs are loading up on shorts.

-tah