Week 1 July 08
Demo Trades!!
About 12 trades. 11 Winners, 1 Loser
sonic
Demo Trades!!
About 12 trades. 11 Winners, 1 Loser
sonic
Attached Image (click to enlarge)
- #1,021
- Edited 8:22am Jul 12, 2008 8:00am | Edited 8:22am
- | Commercial User | Joined Mar 2008 | 9,071 Posts
- #1,023
- Edited 9:24am Jul 12, 2008 9:14am | Edited 9:24am
- | Commercial User | Joined Mar 2008 | 9,071 Posts
Hi Sonic
Regarding your losing trade - a few observations if I may...
I presume you got a signal from your indicator - there was obvious momentum at that time.
You drew trendlines on your chart indicating a triangle formation - but took the trade before a breakout of the consolidation area.
These formations are very strong! Have been reading Raghee Horner's book which talks a lot about these momentum type trades.
She says the MACD is really useful here to identify which way the the price will continue to move.
BTW your win/loss ratio was excellent. Congrats on your winning trades! Right now I'm focussing on buying strength and selling weakness in the market. I'm finding the Ergodic Oscillators etc really helpful for this.
See the pic.
Have a good week!
Thx for the pointer....keep those feedback/analysis coming!!
Ergodic Osci looks like a Stoch based to me..Pls correct me if I am wrong!! I will check the indi out!!
BTW, I have a eb00k from Steve Nis0n about Jap candlestick....pls PM me ur mail add if u want!!
sonic
- #1,024
- Edited 10:33am Jul 12, 2008 10:03am | Edited 10:33am
Week 1 July 08
Demo Trades!!
About 12 trades. 11 Winners, 1 Loser
sonic
and it is also nice to see how you trade and analysis here
Dhalsim
Success is the small sum of efforts, repeated day in and day out.
- #1,026
- Edited 8:27pm Jul 13, 2008 7:58pm | Edited 8:27pm
- | Commercial User | Joined Mar 2008 | 9,071 Posts
- #1,028
- Edited 11:37pm Jul 14, 2008 5:11am | Edited 11:37pm
- | Commercial User | Joined Mar 2008 | 9,071 Posts
Hi sonic my friend,
1. Bravo for your statement
2. Is version 3 is GA or beta?
3. Please remind me what pairs do you currently trade.
Thanks,
Dani M.
as for the pairs in my radar..refer to the attached pic
sonic
- #1,029
- Edited 8:12pm Jul 14, 2008 7:43pm | Edited 8:12pm
- | Commercial User | Joined Mar 2008 | 9,071 Posts
- #1,030
- Edited Jul 15, 2008 12:08am Jul 14, 2008 11:38pm | Edited Jul 15, 2008 12:08am
- | Commercial User | Joined Mar 2008 | 9,071 Posts
- #1,032
- Jul 15, 2008 12:09am Jul 15, 2008 12:09am
- | Commercial User | Joined Mar 2008 | 9,071 Posts
Hey sonic,
Just ran accross this thread, I didnt know you had a system. I like this : )
U hav a nice sys..too...
RSI+william...pretty sleek!!
sonic
- #1,033
- Jul 15, 2008 12:23am Jul 15, 2008 12:23am
yes I do,, now I am always working on it...to improve and earn $$ from it...
U hav a nice sys..too...
RSI+william...pretty sleek!!
sonic
It's me...
- #1,034
- Edited 6:12am Jul 15, 2008 4:58am | Edited 6:12am
- | Commercial User | Joined Mar 2008 | 9,071 Posts
I had USD/JPY short and EUR/USD about 12 hrs ago!!
& they are in pips!!
sonic
& they are in pips!!
sonic
- #1,035
- Edited 12:20pm Jul 15, 2008 12:03pm | Edited 12:20pm
Guys,
I am starting to accept to some extend that, Indicators tell the past and price action tells the future!!
But Learning the world of TA is like a small boy learning how to ride a bike!
It is best to have extra 2 support wheels(indicators) on the side of the bike when you are in the learning stage.,..that will prevent the boys from faliing down unnecessarily.
Once he get comfortable with the riding, he can take the support wheels at any time....
sonic
but im just a newbie here still learning bout price action
..care to teach and share with me mate? really appreciate it 
btw bout the MM parts, i think better divide it into 4 cause based on my acc history, sometimes it moves further than +90, and when the EA hits +90 pips ( in case there's only 3 lots ), the EA will open a new trade on the same pairs as long as the indi still have the signal and based on the our TIME WINDOW setting.
btw, it is hard to understand since my english really bad..sorry all really cant help it..
but when its reach the 3rd lot, i place TS at 30 pips manually.
FYI mate, both signals from your indi working great..thks
Max
- #1,038
- Jul 15, 2008 8:07pm Jul 15, 2008 8:07pm
- | Commercial User | Joined Mar 2008 | 9,071 Posts
yap..couldn't agree more sonic..sometimes the indi slow to give a signal and when the signal comes out, the price is on the reversal move.
but im just a newbie here still learning bout price action
btw bout the MM parts, i think better divide it into 4 cause based on my acc history, sometimes it moves further than +90, and when the EA hits +90 pips ( in case there's only 3 lots ), the EA will open a new trade on the same pairs as long as the indi still have the signal and based on the our TIME WINDOW setting.
btw, it is hard to understand since my english really bad..sorry all really cant help it..
but when its reach the 3rd lot, i place TS at 30 pips manually.
FYI mate, both signals from your indi working great..thks
Max
Is it something lik tat??
sonic
1st TP @30pips..SL move to BE
2nd TP @60pips.
3rd TP @90pips.
4th TP let it run!
Trade window = 10 mins ( EA will only open trade if the sonic signal appears within 10 mins from the start of new candle,.)
sonic
