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Sonic R. System

  • #60,181
  • Sep 27, 2013 1:04am Sep 27, 2013 1:04am
Quoting Islander
GM - . BOE’s Carney says he does not see a case for further QE....so cable spike up...
Missed opportunity to make some pips
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Anyway it's getting fun Like footbal:
Inserted Video
Everything is possible!!! Step by Step...
  • #60,182
  • Sep 27, 2013 1:17am Sep 27, 2013 1:17am
IMO, EJ is doing range bound with minor vol at the S/R areas..

Look like all are waiting for the Draghi speech...


Sonic

I am still in BULL camp as long as 132.7x hold
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  • #60,183
  • Edited 1:48am Sep 27, 2013 1:37am | Edited 1:48am
Quoting futurespeter
{quote} What the hell is going on? GBPUSD run 80 pips up in 3 minutes. Same as gambling, going in a casino is more fun.
It seems pretty usual thing here, I don't see any manipulation on M15 chart.

Look, price went down with increasing volume. Someone started buying there (1 and 2 circle). Then price found support and see how nicely price holds 38.2fibo with increasing volume, again someone bought there. And price rallied to 138.2fibo, resistance area, increasing volume. Buyers took their profit.

I like to keep the things simple.
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Whatever is obvious is obviously wrong!"
  • #60,184
  • Sep 27, 2013 1:44am Sep 27, 2013 1:44am
Quoting Islander
GM - . BOE’s Carney says he does not see a case for further QE....so cable spike up... Edit: followed by good house price data.....

With such a huge move knocking out the hope of a 3 dragons on a 1min chart but an obvious 50% retrace bounce I am considering using a TEMPORARY 10 second 3 dragon chart. Better than sitting twiddling thumbs whilst watching good pips go to waste.

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Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #60,185
  • Sep 27, 2013 1:58am Sep 27, 2013 1:58am
Quoting revoli
{quote} With such a huge move knocking out the hope of a 3 dragons on a 1min chart but an obvious 50% retrace bounce I am considering using a TEMPORARY 10 second 3 dragon chart. Better than sitting twiddling thumbs whilst watching good pips go to waste. {image}
well if you really want to get down in the weeds, try a 70 tick chart - Medici and I used that quite often ......although just trading the PA around the R1 and MR2 levels this morning has allowed me to pirate a good few pips.....

Now to see what the London Traders think.....
Trading Levels with WRBs
  • #60,186
  • Sep 27, 2013 2:09am Sep 27, 2013 2:09am
Quoting Islander
{quote}Now to see what the London Traders think.....
Hi Islander, may I please ask, do you wait 15-20 mins to see what it is the Ldn traders intend on doing or will you take a trade after 5m if you see the right pa? Cheers.
  • #60,187
  • Sep 27, 2013 2:09am Sep 27, 2013 2:09am
Quoting loeil
{quote} It seems pretty usual thing here, I don't see any manipulation on M15 chart. Look, price went down with increasing volume. Someone started buying there (1 and 2 circle). Then price found support and see how nicely price holds 38.2fibo with increasing volume, again someone bought there. And price rallied to 138.2fibo, resistance area, increasing volume. Buyers took their profit. I like to keep the things simple. {image}

Thank you very much.
  • #60,188
  • Sep 27, 2013 2:27am Sep 27, 2013 2:27am
Quoting Sober_Colm
{quote} Hi Islander, may I please ask, do you wait 15-20 mins to see what it is the Ldn traders intend on doing or will you take a trade after 5m if you see the right pa? Cheers.

No, I don't wait - but there must be some action via increased volume and range of a candle......like in the 7:12 candle, hence I sold when its low broke a few minutes later.....BUT watch out for a potential reversal - aka the Big Ben Fakeout....
Trading Levels with WRBs
  • #60,189
  • Sep 27, 2013 2:30am Sep 27, 2013 2:30am
Quoting dariush00750
NZD USD short {image} {image}
NZD USD likewise short trade.
new EP now
  • #60,190
  • Sep 27, 2013 2:36am Sep 27, 2013 2:36am
Quoting Islander
No, I don't wait - but .....
Great stuff, thank you.
  • #60,191
  • Sep 27, 2013 3:02am Sep 27, 2013 3:02am
GU , red show short , eventhough thinking possible go higher will reverse with the green

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  • #60,192
  • Sep 27, 2013 3:49am Sep 27, 2013 3:49am
The first two entries were first buying after the initial pull back and then reversing after the Lower High at the +500 level / **25 level...

After those two, normal Three Dragons.....entries off the Dragon Proxy and exits ~levels with increased volumes....
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Trading Levels with WRBs
  • #60,193
  • Sep 27, 2013 4:23am Sep 27, 2013 4:23am
The UJ still looks to be building longs but might be a stop the drop move. I am trading with the trend but the trend is not clearly defined on the UJ and is more ranging. So I am also taking into account the fundamentals. That Japan still wants to weaken their currency as they want at least 2% inflation. News coming in 23 min maybe this will tank the UJ or blast it through the top.
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  • #60,194
  • Edited 5:15am Sep 27, 2013 4:33am | Edited 5:15am
The reason on why EJ is the big range..

As u can see from the pic, I saw the vol @ the low (Blu), while the smart money short @ the high (red).... MM doesn't want to price to move much.. they want it to be in the range so that you can accumulate as many as possible within preferred price range... that cause the price to bounce around...

They are creating smoke and mirror... prior to the next big move..



Draghi speech may be the trigger..



Inserted Video



Sonic

P.S> As I mentioned in prev posts,, I am with Bull..until 132.7x hold...and of coz, my trades SL are not within 20 pips...
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  • #60,195
  • Sep 27, 2013 5:03am Sep 27, 2013 5:03am
Quoting jasakreatif
GU , red show short , eventhough thinking possible go higher will reverse with the green {image}
Quoting jasakreatif
eur green buy {image}
here go , the shake has started , reverse eur red

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  • #60,196
  • Edited 6:07am Sep 27, 2013 5:50am | Edited 6:07am
Quoting loeil
AU - fibo moved to the last low. Another 38.2-50fibo, maybe even 61.8fibo will might testing.. {image}
TOLD CHA!

Who were entered on fibo levels, I think it's time to start to think about taking profit
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Better scenario would be this..but I would prefer the first profit area..lower prices always bring some buyers..
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Whatever is obvious is obviously wrong!"
  • #60,197
  • Sep 27, 2013 6:13am Sep 27, 2013 6:13am
Quoting revoli
{quote} With such a huge move knocking out the hope of a 3 dragons on a 1min chart but an obvious 50% retrace bounce I am considering using a TEMPORARY 10 second 3 dragon chart. Better than sitting twiddling thumbs whilst watching good pips go to waste. {image}
Ten second 3 dragon? Look, there is a new indicator out that let's you set the Dragon to ZERO seconds, for that ultra-fast response! No longer do you have to be lagging the MMs price spikes!!!!!!
  • #60,198
  • Sep 27, 2013 6:14am Sep 27, 2013 6:14am
Quoting sonicdeejay
IMO, EJ is doing range bound with minor vol at the S/R areas.. Look like all are waiting for the Draghi speech... Sonic I am still in BULL camp as long as 132.7x hold {image}
EJ Analysis Update

I completely agree.

  1. 15 min chart: we can see a descending triangle being formed where there is a string over lower highs which form the upper line and a sower support time which price doesn't break.
  2. Daily chart: We can see an upwards channel that has been formed and todays bar has hit the lower trend line

My opinion is the MMs are Bulls

Price expectation is to reach around 134.890

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  • #60,199
  • Sep 27, 2013 6:31am Sep 27, 2013 6:31am
Quoting sonicdeejay
The reason on why EJ is the big range.. As u can see from the pic, I saw the vol @ the low (Blu), while the smart money short @ the high (red).... MM doesn't want to price to move much.. they want it to be in the range so that you can accumulate as many as possible within preferred price range... that cause the price to bounce around... They are creating smoke and mirror... prior to the next big move.. Draghi speech may be the trigger.. Sonic P.S> As I mentioned in prev posts,, I am with Bull..until 132.7x hold...and of coz, my trades SL are not...
EJ:

Today, lots of LS consolidation just above whole number SR. Bearish.
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  • #60,200
  • Sep 27, 2013 6:35am Sep 27, 2013 6:35am
Quoting traderathome
{quote} EJ: Today, lots of LS consolidation just above whole number SR. Bearish. {image}
Hmmmm, your are not incorrect. Lets see how it plans out.
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