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Sonic R. System

  • #59,941
  • Sep 24, 2013 12:39pm Sep 24, 2013 12:39pm
Quoting traderathome
{quote} AU Short Trade: Added short Scouts #6-20, PVSRA qualified. Adjusted TP. {image}
AU Short Trade:

Update- Subsequent to the previous post I added short Scouts #21-30. Late last week 6 Scouts were killed, leaving 24 fielded. I then sent in an additional short Scout #25. I am looking to see if the next day session will involve the price being pushed back up some, to field another short Scout.
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  • #59,942
  • Sep 24, 2013 12:45pm Sep 24, 2013 12:45pm
Quoting traderathome
{quote} UJ Short Trade: Awoke to find price had dropped and then had pulled back up a bit. Added short Scouts #6-7. Adjusted TP. Lowered SL. {image}
UJ Short Trade: Added short Scout #8 because following good selling today, the bear MMs continued to work the price back up after I added #6-7, back up towards the PVT area which is also a previous SR area and area of consolidation (building).
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  • #59,943
  • Sep 24, 2013 12:55pm Sep 24, 2013 12:55pm
GJ - 38.2fibo rejection
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Whatever is obvious is obviously wrong!"
  • #59,944
  • Sep 24, 2013 12:56pm Sep 24, 2013 12:56pm
EJ - 38.2fibo rejection
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Whatever is obvious is obviously wrong!"
  • #59,945
  • Sep 24, 2013 12:59pm Sep 24, 2013 12:59pm
AJ - 38.2fibo rejection
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Whatever is obvious is obviously wrong!"
  • #59,946
  • Sep 24, 2013 1:01pm Sep 24, 2013 1:01pm
UJ - 38.2fibo rejection
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Whatever is obvious is obviously wrong!"
  • #59,947
  • Sep 24, 2013 1:05pm Sep 24, 2013 1:05pm
Quoting loeil
GJ - 38.2fibo rejection {image}
Quoting loeil
EJ - 38.2fibo rejection {image}
Quoting loeil
AJ - 38.2fibo rejection {image}
Quoting loeil
UJ - 38.2fibo rejection {image}
Rejection, rejection, rejection, rejection! Man, are you ever negative!

Loeil, BTW, the correct Fibonacci level is 78.6, not 76.4 which mirrors the 23.6 level. I too have used 76.4, and really, what difference does it make? But, technically speaking, 78.6 is the correct number.
  • #59,948
  • Sep 24, 2013 1:18pm Sep 24, 2013 1:18pm
Quoting traderathome
{quote} {quote} {quote} {quote} Rejection, rejection, rejection, rejection! Man, are you ever negative! Loeil, BTW, the correct Fibonacci level is 78.6, not 76.4 which mirrors the 23.6 level. I too have used 76.4, and really, what difference does it make? But, technically speaking, 78.6 is the correct number.
Ouch! Thanks for pointing.
Whatever is obvious is obviously wrong!"
  • #59,949
  • Edited 3:37pm Sep 24, 2013 1:54pm | Edited 3:37pm
Quoting loeil
{quote} Ouch! Thanks for pointing.
Loeil,

Forget what I said about 0.764 and 0.786 because according to wikipedia both are listed as "other ratios" (along with the 0.500 level) with no preference given. So, based on that, there is no "seniority" of one over the other. It is a great day. I learned something new!

And here is a case where the 76.4 level worked better than the 78.6 level, though one will run into examples of the other way around......
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  • #59,950
  • Sep 24, 2013 4:00pm Sep 24, 2013 4:00pm
Re-entry on J pairs:
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There is no spoon....
  • #59,951
  • Sep 24, 2013 6:00pm Sep 24, 2013 6:00pm
Prof Tah, Master Sonic, Loeil, Msis125125,

Would like to hear some of your comments on the analysis below.

What are your views?
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  • #59,952
  • Sep 24, 2013 6:06pm Sep 24, 2013 6:06pm
Agree with GJ and AU. Rest is unclear to me with your volume. Coz volume wasn't significant and most of them were during news!
There is no spoon....
  • #59,953
  • Sep 24, 2013 6:21pm Sep 24, 2013 6:21pm
Quoting Msis125125
Agree with GJ and AU. Rest is unclear to me with your volume. Coz volume wasn't significant and most of them were during news!
Thanks!

Yes, I find that EU and GU are still very much showing a mixture of signals. Perhaps still bouncing up and down in consolidation.

But apparently, all the dragons are already in downward angle, including the GJ and AU. There's why I'm now confused as to how to execute these trades. (Analysis paralysis I suppose).
  • #59,954
  • Sep 24, 2013 6:28pm Sep 24, 2013 6:28pm
GU update from yesterday. There is a nice Sonic classic setup on the 1hr. Once price closes under the 200ma there should be an acceleration to the down side. The 15min pre London open entry from yesterday has worked out very good with little draw down.
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  • #59,955
  • Sep 24, 2013 7:47pm Sep 24, 2013 7:47pm
200 Ema is starting to rollover on the EUR/JPY
Creditors have better memories than debtors.
  • #59,956
  • Sep 24, 2013 8:06pm Sep 24, 2013 8:06pm
Quoting worldfreedom
GU update from yesterday. There is a nice Sonic classic setup on the 1hr. Once price closes under the 200ma there should be an acceleration to the down side. The 15min pre London open entry from yesterday has worked out very good with little draw down. {image}
200MA yesterday holding on H1 AU and NU also.
If you think you can do a thing or think you can't do a thing, you're right
  • #59,957
  • Sep 24, 2013 9:22pm Sep 24, 2013 9:22pm
There is a good setup on the AU. This is not a currency I usually like to short but the setup is about a perfect as you can get. And there is a good tight defined stop using the trend line.
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  • #59,958
  • Sep 24, 2013 9:44pm Sep 24, 2013 9:44pm
Letīs see how it goes. Added one more short yesterday at red arrow labeled ep 1

H.
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"The future is already written in the past"
  • #59,959
  • Sep 24, 2013 10:04pm Sep 24, 2013 10:04pm
This video has a good example how MM manipulate the markets when thinly traded. If you watch from 17min on there is a very good explanation on how gold is manipulated just like all markets.


Inserted Video
  • #59,960
  • Sep 24, 2013 10:36pm Sep 24, 2013 10:36pm
UChf Comment

This could be near to a break upwards. Perhaps their will be another pull back for EP...........
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