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Sonic R. System

  • #71,861
  • May 20, 2014 12:50pm May 20, 2014 12:50pm
the A/u price movement is worth rethinking. A/U moved between quarter level and seventy-five level. and when the cacndle touch TL, the vol increased,the trend line chontinued up .it mieleaded traders that A/U was bulish.but its real goal was to pull the price down. MMS are very tricky. how to pierce MMS mask?
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  • #71,862
  • May 20, 2014 1:11pm May 20, 2014 1:11pm
EURCAD long build.

H4
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H1 M15 dragon is good

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  • #71,863
  • Edited 3:37pm May 20, 2014 1:46pm | Edited 3:37pm
Quoting FXRobert
EURCAD long build. H4 {image} H1 M15 dragon is good {image}
That's right, for me, but I'll wait until tomorrow (London session). What looks like a Classic is a corrective wave (B). As the correction seems flat, I think the price will drop to 1.4875 or so.

FXRobert, Thanks for your post, I think it's a very good opportunity.
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Check your emotions. How are you?
  • #71,864
  • May 20, 2014 1:51pm May 20, 2014 1:51pm
Quoting FXRobert
EURCAD long build. H4 {image} H1 M15 dragon is good {image}
PA is acting as expected considering the trend line has been very well respected so far. I would agree with repsaj in the fact that i would like to see a good pull back below 1.4800 with more volume before i enter.

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  • #71,865
  • May 20, 2014 2:40pm May 20, 2014 2:40pm
Quoting Repsaj
{quote} That's right, for me, but I'll wait until tomorrow (London session). What looks like a Classic is a corrective wave (B). As the correction seems flat, I think the price will drop to 1.4875 or so. {image}
Quoting billko1977
{quote} PA is acting as expected considering the trend line has been very well respected so far. I would agree with repsaj in the fact that i would like to see a good pull back below 1.4800 with more volume before i enter. {image}
Oo course I waiting for potential price down. I think before news we have lower therefore I write start build long not run for profit.
I respect 50-60 pips down and than next orders.

Possible

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  • #71,866
  • May 20, 2014 2:50pm May 20, 2014 2:50pm
Quoting Repsaj
{quote} That's right, for me, but I'll wait until tomorrow (London session). What looks like a Classic is a corrective wave (B). As the correction seems flat, I think the price will drop to 1.4875 or so. {image}
Anyway, so if I'm wrong, I have placed an order "Buy Stop", over the last relevant maximum. Or in case you can not monitor the price a "Buy Stop" seems a good solution.
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  • #71,867
  • May 20, 2014 2:51pm May 20, 2014 2:51pm
Quoting FXRobert
{quote} {quote} Oo course I waiting for potential price down. I think before news we have lower therefore I write start build long not run for profit. I respect 50-60 pips down and than next orders. Possible {image} {image}
totally agree
Check your emotions. How are you?
  • #71,868
  • May 20, 2014 3:29pm May 20, 2014 3:29pm
Quoting billko1977
{quote} PA is acting as expected considering the trend line has been very well respected so far. I would agree with repsaj in the fact that i would like to see a good pull back below 1.4800 with more volume before i enter. {image}
Do you think the price will reach 1.4800?
We will be watching to see what the market decides.
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  • #71,869
  • May 20, 2014 4:04pm May 20, 2014 4:04pm
Quoting Repsaj
{quote} Do you think the price will reach 1.4800? We will be watching to see what the market decides. {image}
I didnt realize i wrote that wrong. i meant 1.4900.
We never know how PA will play out but from the looks of the activity i would be surprised to see it get to 1.4800.
Its always really hard to know whats going to happen first but i would think that the MM's are going to want to load up a little more before they make the big push. Anywhere from the 61.8 to the 23.6 retracement seems logical. Anything below 1.4900 is going to pull in the needed shorts to help them add to their long building. Below 1.4825 may possibly pull in more shorts than they want and make it harder for them to get the traction to make the push up.

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  • #71,870
  • Edited 4:35pm May 20, 2014 4:07pm | Edited 4:35pm
Quoting billko1977
{quote} I didnt realize i wrote that wrong. i meant 1.4900. We never know how PA will play out but from the looks of the activity i would be surprised to see it get to 1.4800. Its always really hard to know whats going to happen first but i would think that the MM's are going to want to load up a little more before they make the big push. Anywhere from the 61.8 to the 23.6 retracement seems logical. Anything below 1.4900 is going to pull in the needed shorts to help them add to their long building. Below 1.4825 may possibly pull in more shorts than...
Perhaps subconsciously your brain is telling you to long at 1.48 instead of 1.49... Actually based on the chart you posted, seems to me better to wait for a new low before going long.

I think MM will try to hunt for liquidity/stops below the current low at the 1.478-1.48 region if it wants to move this thing up... A short at 1.4966 targeting new lows (with first target 1.49) would be good imo.

EUR/USD imo is setting up/ already presenting a better long, which implies that USD/CAD is probably going to plunge after making a brief new high.
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  • #71,871
  • Edited 7:43pm May 20, 2014 5:22pm | Edited 7:43pm
[quote=shellsnail;7481406]{quote} Perhaps subconsciously your brain is telling you to long at 1.48 instead of 1.49... Actually based on the chart you posted, seems to me better to wait for a new low before going long. I think MM will try to hunt for liquidity/stops below the current low at the 1.478-1.48 region if it wants to move this thing up... A short at 1.4966 targeting new lows (with first target 1.49) would be good imo. EUR/USD imo is setting up/ already presenting a better long, which implies that USD/CAD is probably going to plunge after making a brief new high.[/quote

I agree in the fact of waiting until price makes a move lower before possibly entering around 1.850-1.4865. This all depends on how PA and volume are looking at LO. If price does get all the way down to 1.4800 then that's even better. only time will tell.
I agree with both EU long. The next couple days are going to get interesting.

EU is looking better and better. Supported by ascending trendline and is on the third touch which is the best one to get a good bounce. Also supported by the 161.8 measured movement off the first trendline break on the move down from 1.3990. And on top of all that its sitting on the major descending trendline support from the highs in july 2008 and may 2011.
Major confluence of supports to say the least

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  • #71,872
  • May 20, 2014 5:32pm May 20, 2014 5:32pm
Quoting billko1977
Quoting shellsnail
{quote} Perhaps subconsciously your brain is telling you to long at 1.48 instead of 1.49... Actually based on the chart you posted, seems to me better to wait for a new low before going long. I think MM will try to hunt for liquidity/stops below the current low at the 1.478-1.48 region if it wants to move this thing up... A short at 1.4966 targeting new lows (with first target 1.49) would be good imo. EUR/USD imo is setting up/ already presenting a better long, which implies that USD/CAD is probably going to plunge after
...

Yes... taking everything into consideration... I am left with the only reasonable conclusion that USD is going to hell soon.

If you ask me, USD/JPY is setting up for a 2008 style crash; a relatively mild one though, to the 200EMA on the weekly chart possibly but that's still at 93.0; haha but anything on the weekly chart can take months or years to play out - good volatility times ahead for sure.
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  • #71,873
  • May 21, 2014 12:51am May 21, 2014 12:51am
USDCAD long closed several parts.
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  • #71,874
  • May 21, 2014 1:38am May 21, 2014 1:38am
Classic, at the right momentum
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  • #71,875
  • May 21, 2014 1:44am May 21, 2014 1:44am
Quoting shellsnail
{quote} The latest development (i.e. making a marginal new high) actually removes 170.30 from being a credible support and straight away opens up 169.50; so i have to agree that a huge waterfall drop may be around the corner here if the rally fizzles. Only if it falls ofcourse, but I am liking the opportunity for 120 pips with a 6 pip risk & the opportunity cost of potentially missing out on a rally.
It's playing out the way I expected it to but I was taken out overnight with my breakeven stop. That's the inherent risk in leaving intra-day trades on overnight to capture larger swings - if I were there to watch the move I wouldn't have needed the stop lol...

Those who took this and stuck with the original 6 pip stop, congrats, because there was no drawdown at all...
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  • #71,876
  • Edited 6:55am May 21, 2014 1:48am | Edited 6:55am
EU, earlier long Asian Session entry

Regards,
Cigarguy
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Keep It Simple
  • #71,877
  • May 21, 2014 1:58am May 21, 2014 1:58am
Quoting cigarguy
EU, earlier long entry Regards,<img src="http://assets.forexfactory.net/images/smilies/yim/happy.gif" border="0" alt="" title="Smile" smilieid="82" class="inlineimg" /> Cigarguy {image}
nice one...this long took me 3 days to come , but still becareful at LO might turnover again.. i set mine at BE, give me more monies or just free.
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  • #71,878
  • May 21, 2014 1:58am May 21, 2014 1:58am
couple scouts loaded, GBPNZD.

Time will tell
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  • #71,879
  • May 21, 2014 2:02am May 21, 2014 2:02am
"BOJ Kuroda: No special reason for yen to strengthen."

i wonder who this was directed at ?


Quoting feinan
Classic, at the right momentum {image}

I think he was talking to you Feinan
  • #71,880
  • May 21, 2014 2:05am May 21, 2014 2:05am
Quoting feinan
{quote} nice one...this long took me 3 days to come , but still becareful at LO might turnover again.. i set mine at BE, give me more monies or just free.
feinan,

I only got a quick +16.6 pips standard on this one. I am in US and going to sleep and will not be around for London Session. Just happened to be awake this time!

Good Luck and Many Pips

Regards,
Cigarguy
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