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Sonic R. System

  • #521
  • Dec 5, 2008 9:58pm Dec 5, 2008 9:58pm
Quoting sonicdeejay

+100 pips in a flash for me...


1. Price Action (Look at the momentum/strength of the bullish candle)
2. Wave Anaysis
3. QQE Bullish
4. Smile like a evil man...
LOL ... good catch sonic
  • #522
  • Dec 6, 2008 6:08am Dec 6, 2008 6:08am
Quoting cfp85
LOL ... good catch sonic
How hav u been buddy??
Not trading lately??

Sonic
  • #523
  • Dec 6, 2008 12:40pm Dec 6, 2008 12:40pm
nop .. been very busy lately .. had a long drive to attend a close relative funeral ... since i keep going here and there.. i didnt dare to trade .. i like to monitor my trades ... beside... my last week profit is already more than i ever had .. now i can afford a relaxing vacation ...

if i did any trade, will post it here and my journal blog .. thanks for your concern ..
  • #524
  • Dec 6, 2008 1:55pm Dec 6, 2008 1:55pm
Sonic -


Need your opinion.

Let's say at night I get into a trade on EUR/JPY about an hour before I want to go to bed... but I don't want to close the trade because it's still pippin' my way... I'm expecting a 100+ gain...

When I entered my S/L at the beginning of the trade, I would have entered a Trailing Stop at the same time. If so, how many pip's should that Trailing Stop be for this pair from your experience.

I don't want to give back a lot of pip's but i want to stay in the trade until we get a reversal...

Thanks, Big E

  • #525
  • Dec 6, 2008 5:00pm Dec 6, 2008 5:00pm
Sonic,

On a 15/30 minute chart and then on a 4 HR Chart? Big E
  • #526
  • Dec 6, 2008 6:37pm Dec 6, 2008 6:37pm
Quoting eelfranz
Sonic -


Need your opinion.

Let's say at night I get into a trade on EUR/JPY about an hour before I want to go to bed... but I don't want to close the trade because it's still pippin' my way... I'm expecting a 100+ gain...

[size=3]When I entered my S/L at the beginning of the trade, I would have entered a Trailing Stop at the same time....
Tough and good question ...Man

Once, I was up a near +250 pips and I get greedy...I didn't trail it at all... and I put my SL @ BE.....and go to bed with sweet dreams...Guess what the next day, I am surprise to find out my pos close @ BE...with +250 pips disappear in thin air...

What I read from Dr. Elder's book is there should be 50/50 rules...example I should put 125 pips in trail....so if the trade turn, at least I bagged half of my winning....


But it is not logical to put +25 pips trail when u r in 50 pips... I am quite sure that u will hit ur trail.... so I will rather close it with solid +50 pips, if i am going away....


For ur case like +100 pips... I will make +65 pips trail as, 65~80 pips can withstand "normal whip" and keep you in trade...
The trail is a must when u can't monitor...

Hope it helps..

Sonic


Quote
In Eur/Jpy (15M candle)
Normal Trending :: 30~50 pips
Super Trending::: 80 pips and above
  • #527
  • Dec 7, 2008 3:28am Dec 7, 2008 3:28am
Quoting sonicdeejay
NFP is not a news for faint hearted...
U can make easy $...out of it and u can lose ur pos too...as they can wipe u out...

see the above UJ...U will get ur TP as it is strategical placed at 92.3x region...before the NFP whipsaw set in...

Sonic

Hello to all,

What does NFP means? I'm still quite new to Forex.
  • #528
  • Dec 7, 2008 3:36am Dec 7, 2008 3:36am
Quoting sonicdeejay
Tough and good question ...Man

Once, I was up a near +250 pips and I get greedy...I didn't trail it at all... and I put my SL @ BE.....and go to bed with sweet dreams...Guess what the next day, I am surprise to find out my pos close @ BE...with +250 pips disappear in thin air...

What I read from Dr. Elder's book is there should be 50/50 rules...example I should put 125 pips in trail....so if the trade turn, at least I bagged half of my winning....


But it is not...
Hello Sonic,
pls,can u post the ebook(Dr. Elder's book) here so we can learn from it too.
  • #529
  • Edited 4:40am Dec 7, 2008 4:10am | Edited 4:40am
Quoting eternalrealm
Hello to all,

What does NFP means? I'm still quite new to Forex.
It is non-farm payroll...the news is out on every first friday of the month....

During the news release time, high volatility/swing on the forex market expected...

9:30am USDhttp://www.forexfactory.com/images/m...mpact_high.gifNon-Farm Employment Change
http://www.forexfactory.com/images/m...etail_star.gif
-320K-240K

Hope it helps...
Sonic
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  • #530
  • Dec 7, 2008 4:51am Dec 7, 2008 4:51am
Quoting ayour2a
Hello Sonic,
pls,can u post the ebook(Dr. Elder's book) here so we can learn from it too.
I can't share it here man,,,

Sonic

P,S google forexkid dot blogspot dot con
  • #531
  • Dec 7, 2008 5:10am Dec 7, 2008 5:10am
Quoting cfp85
nop .. been very busy lately .. had a long drive to attend a close relative funeral ... since i keep going here and there.. i didnt dare to trade .. i like to monitor my trades ... beside... my last week profit is already more than i ever had .. now i can afford a relaxing vacation ...

if i did any trade, will post it here and my journal blog .. thanks for your concern ..

there will be always tomorrow...
it is a very wise choice not to trade as u r not ready...
I had a nice few trades last week..all winners..

Sonic
  • #532
  • Dec 7, 2008 5:44am Dec 7, 2008 5:44am
Hurm...my trading this week is equal...cant withdraw this week
Is anybody know how can i find for the AC n AO explanation ?
{Promotion Removed}
  • #533
  • Dec 7, 2008 8:26am Dec 7, 2008 8:26am
Sonic,

Thanks for the information. Big E
  • #534
  • Dec 7, 2008 8:51am Dec 7, 2008 8:51am
Quoting kikiq
I meant not the aqua line, but those many white line, what are they?
thx.
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  • #535
  • Dec 8, 2008 12:29am Dec 8, 2008 12:29am
Attached Image (click to enlarge)
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i could wait for more pips since all other TF giving the thumbs ups .. but .. dont want to be greedy ...im done for the day
  • #536
  • Dec 8, 2008 12:48am Dec 8, 2008 12:48am
1. Above EMA line?? Check
2. Wave Anaysis??? Seeing Higher Low??? Check
3. QQE Bullish Check
4. Bagged +200 pips Check
4. Smile like an evil man. Check
5. Sonic R. System Rock??? Check!!!!!


Sonic




Attached Image (click to enlarge)
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  • #537
  • Dec 8, 2008 1:03am Dec 8, 2008 1:03am
good one sonic ... i like ur fifth checklist

now i really need to check on other pairs .. and why i got the feeling i told that a million time but never did ?

Off-Topic : anyone knows what platform this forum used ? i love the WYSIWYG post text area ..smf dont have it ..
  • #538
  • Dec 8, 2008 1:23am Dec 8, 2008 1:23am
Quoting cfp85
good one sonic ... i like ur fifth checklist

now i really need to check on other pairs .. and why i got the feeling i told that a million time but never did ?

Off-Topic : anyone knows what platform this forum used ? i love the WYSIWYG post text area ..smf dont have it ..
the forum use a script called "v-bulletin", .. it is a paid platform...the another gr8 forum script is called phpbb...
google it .. brotha...

Sonic
  • #539
  • Dec 8, 2008 2:43am Dec 8, 2008 2:43am
Quoting sonicdeejay
the forum use a script called "v-bulletin", .. it is a paid platform...the another gr8 forum script is called phpbb...
google it .. brotha...

Sonic
yeah i know about phpbb .. i dont to do the coding everytime i wanna add something .. used it before .. SMF is byfar the most friendly .. cant test v-buletin because its expensive .. huhu
  • #540
  • Dec 8, 2008 5:31am Dec 8, 2008 5:31am
Quoting cfp85
yeah i know about phpbb .. i dont to do the coding everytime i wanna add something .. used it before .. SMF is byfar the most friendly .. cant test v-buletin because its expensive .. huhu

thinking of starting own forum??

Sonic
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