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Sonic R. System

  • #69,541
  • Edited 5:16am Apr 24, 2014 4:36am | Edited 5:16am
Quoting allisonmagic
{quote} take a look at all the high impact for next week http://www.forexfactory.com/calendar.php {image}
Quoting ozboy
{quote} If you know MMs are bear or bull, why you care about news ? how many times have you seen good news come out and the price hasn't move ?
Knowing well in advance when the high impacts occur is part of the analysis. The banks are deceivers and thieves. They don't react to releases, they scheme in advance of them. Sometimes, just sometimes, an unexplained move one way or the other, followed by confounding ranging and whip-whacking, can be seen less confoundedly once we become aware of the upcoming roster of releases.

We have seen time and again the quick moves in conjunction with releases. No, they don't always happen, but when they do it is a run for profits on positions already built in advance, which explains the previous unexplained move followed by ranging.

So, when such a move followed by ranging occurs, one might want to know what is it that is around the corner that we can't see, that the banks can see and are engaged in planning for. Hence the value of knowing the next week roster of high impact releases.

Some might construe what I have written here as another way to trade news. That is not the purpose of what I have written here. The purpose is to point out a part of the analysis of price action that can be derived from knowledge of the timing of releases, a part that might provide a clue as to why PVSRA is indicating what it is indicating by pointing to a possible catalyst the banks are planning for.

Good post, allisonmagic.
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  • #69,542
  • Apr 24, 2014 4:37am Apr 24, 2014 4:37am
Quoting allisonmagic
{quote} no not 1 trade lol.. we build positions don't we ? i can build a position days before a major release. am i wrong ?

Ofcourse you can....look @ wolf of wall street. As long as you have money, anythings possible. Just keep waving those dollar bills and you will have all the freedom. But days in advance opening positions according to "news" is very very very very risky. You are trading 1 currency of a currency pair. Good news for US would make EUR/USD drop right? But what if the strength of the Euro is bigger than the good news for the $. How do you handle that

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A word to the wise ain't necessary - it's the stupid ones that need advice
  • #69,543
  • Apr 24, 2014 4:38am Apr 24, 2014 4:38am
i thought see a classic long setup
What do you think about it ?
( i'm trying learn the system)
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  • #69,544
  • Edited 4:59am Apr 24, 2014 4:47am | Edited 4:59am
Quoting heavenpv
i thought see a classic long setup What do you think about it ? ( i'm trying learn the system) {image}
Daytrading Classic Sonic R wave should be bouncing from dragon and be smaller in scale. Longer time taken waves should work too, but your drawn wave would be higher timeframe wave = not classic.

It might develop to be classic wave, if price bounces now from dragon, but there is also possibility for price to form different wave next (grey one).
Right now, price has not found support from dragon -> price is ranging...
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I know the secret...
  • #69,545
  • Apr 24, 2014 4:59am Apr 24, 2014 4:59am
Thank you for answering
English i s not my natural language and iot's difficult for me to really understand.
May be this is a classic short setup ?
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  • #69,546
  • Apr 24, 2014 5:07am Apr 24, 2014 5:07am
Quoting heavenpv
Thank you for answering English i s not my natural language and iot's difficult for me to really understand. May be this is a classic short setup ? {image}
This wave you draw, again looks more clean on 1h chart, as it takes so long time to form. On 1h chart it actually looks like a perfect wave forming.

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On your 15m chart I marked waves that are most clear to see.
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Hope this helps
I know the secret...
  • #69,547
  • Apr 24, 2014 5:12am Apr 24, 2014 5:12am
Yes it's help me.
thank you very much
  • #69,548
  • Apr 24, 2014 5:34am Apr 24, 2014 5:34am
Quoting Nocturnes
{quote} Ofcourse you can....look @ wolf of wall street. As long as you have money, anythings possible. Just keep waving those dollar bills and you will have all the freedom. But days in advance opening positions according to "news" is very very very very risky. You are trading 1 currency of a currency pair. Good news for US would make EUR/USD drop right? But what if the strength of the Euro is bigger than the good news for the $. How do you handle that {image}

there is a manual on PVSRA on page one


good night guys
  • #69,549
  • Apr 24, 2014 5:56am Apr 24, 2014 5:56am
GBPAUD: Long positions opened on earlier today based on the pullback in price and low volume suggested no one is selling yet. Let's see how it goes. I know it's not a classic position but the break of the dragon on the 4h convinced me to open some scouts.

I could be premature.. we shall see

I hope you guys give me some constructive criticism
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  • #69,550
  • Apr 24, 2014 6:07am Apr 24, 2014 6:07am
Quoting allisonmagic
GBPAUD: Long positions opened on earlier today based on the pullback in price and low volume suggested no one is selling yet. Let's see how it goes. I know it's not a classic position but the break of the dragon on the 4h convinced me to open some scouts. I could be premature.. we shall see I hope you guys give me some constructive criticism {image}
Nothing to critisize, looking good

I'm on this too... RWH looking nice target or even 1.8350
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I know the secret...
  • #69,551
  • Apr 24, 2014 6:08am Apr 24, 2014 6:08am
Quoting JRissa
{quote} This wave you draw, again looks more clean on 1h chart, as it takes so long time to form. On 1h chart it actually looks like a perfect wave forming. {image} On your 15m chart I marked waves that are most clear to see. {image} Hope this helps
So the wave is up , isn't it ?
Entry point ?
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  • #69,552
  • Apr 24, 2014 6:12am Apr 24, 2014 6:12am
Quoting heavenpv
{quote} So the wave is up , isn't it ? Entry point ? {image}
Good looking wave yes, but daily pivot is just above. Also high impact news for USD in hour and twenty minutes.

So be careful!

I would wait price to get above daily pivot and trade then. Get to BE just before news. My personal opinion for all JPY pairs/crosses is down.
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I'm short on AJ and GJ

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I know the secret...
  • #69,553
  • Apr 24, 2014 6:29am Apr 24, 2014 6:29am
Quoting allisonmagic
GBPAUD: Long positions opened on earlier today based on the pullback in price and low volume suggested no one is selling yet. Let's see how it goes. I know it's not a classic position but the break of the dragon on the 4h convinced me to open some scouts. I could be premature.. we shall see I hope you guys give me some constructive criticism {image}
Quoting JRissa
{quote} Nothing to critisize, looking good I'm on this too... RWH looking nice target or even 1.8350 {image}
GBPAUD:

Longing? Be very careful, imho, because GBP is way high and AUD could go either way. If AUD gets stronger, and GBP goes down, you have a double down here.

As for charts, look again at H1. Double Top is forming, and with high volumes at the highs......

As for speculation, there is a GBP high impact tomorrow, while AUD goes on bank holiday.....ripe pickin's for MMs to whack GBP and not worry too much about AUD either way, since RBA won't be around to bitch about the MMs making Aussie dollar stronger against the British pound. Then, everyone can enjoy the weekend and next week the MMs and banks can figure it all out, all over again, so as to whip and whack for more profits.
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  • #69,554
  • Apr 24, 2014 6:30am Apr 24, 2014 6:30am
XAG:
open 3 short scouts, close at the Daily support area.

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  • #69,555
  • Apr 24, 2014 6:48am Apr 24, 2014 6:48am
Quoting traderathome
{quote} {quote} GBPAUD: Longing? Be very careful, imho, because GBP is way high and AUD could go either way. If AUD gets stronger, and GBP goes down, you have a double down here. As for charts, look again at H1. Double Top is forming, and with high volumes at the highs...... As for speculation, there is a GBP high impact tomorrow, while AUD goes on bank holiday.....ripe pickin's for MMs to whack GBP and not worry too much about AUD either way, since RBA won't be around to engage. {image}
There's still no sign of rewersal to downside in my opinion...
Move up just started. I'm aiming daily 50 61.8 retrace.
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I know the secret...
  • #69,556
  • Apr 24, 2014 6:50am Apr 24, 2014 6:50am
EU (and UChf) Comment:

EU has been a real bitch of late. The MMs whack it then whip it back up to reclaim lost ground. They've done this so many times, it is nauseating to see it continue.

However, UChf is showing signs of strengthening, really good signs so this might be a "tell" on the next "for real" bear run for profits on EU. Note on M15 UChf, we have a really nice Classic long formed up with lots of consolidation (last minute long position building?). Even the Dragon is replicating a higher HL wave. And note the whacking earlier, with volume increasing the lower the price went, followed by a high volume recovery. This is a strong PVSRA indication the UChf MMs are bulls. Therefore, the EU MMs must be bears.

Oh, and I see our bad mouthing Pipocrates is lurking here for his signals!
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  • #69,557
  • Apr 24, 2014 7:02am Apr 24, 2014 7:02am
Quoting altamar
XAG: open 3 short scouts, close at the Daily support area. {image}
Be careful not to overtrade high leverage pair.

Edit:
Oh higher orders were sell? Carry on, don't remind this
I looked fast that you had buy orders open higher already.
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I know the secret...
  • #69,558
  • Apr 24, 2014 7:06am Apr 24, 2014 7:06am
JRissa,

Thanks for helping others by responding with your own analysis. I know it takes time, which is a sacrifice while also engaged in trading, so I much appreciate you for contributing.

-tah
  • #69,559
  • Apr 24, 2014 7:09am Apr 24, 2014 7:09am
Quoting buytosell
{quote} Hello cigarguy What is indicator marked on your chart?If it is already posted on this thread what is name of it If not please pot it. Thank you. {image}

Sonicers,

For those PM'ing me about the Supp/Dem indicator, you can download it from the above paperclip. I personally use it, but many just draw the zones by hand.
Keep It Simple
  • #69,560
  • Apr 24, 2014 7:10am Apr 24, 2014 7:10am
OPTIONS: FX: Option expiries for today's NY cut 1000ET. Large(L), Very Large(VL), update
* Euro-dollar; $1.3725, $1.3775, $1.3785, $1.3790, $1.3800, $1.3840, $1.3855-60(VL), $1.3900
* Euro-sterling; stg0.8200, stgt0.8295-0.8300(L)
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