Sonic R. System

Hmm... how to check when to enter then? when there's large bullish or bearish candle in the 5M TF??

Hi Again.

As I look at GBPUSD on 15 min timeframe.

I see that roadmap, EMA 34 is almost flat pointing at 3 oclock.

Its not good sign for entry.

We need it to point up or down before take a Trade.

And eternalrealm as I see it you took a entry when price was still incide roadmap.

I think its better to wait until price is outside roadmap.

I put in a indi maybee it can help you a bit.

Its a indi that help pointing out support and Ress.

If price is above blue line look for long and if price is lelov look for short.

But most importen if blue line go threw all the candles it tells you that marked is choppy witout direction
So trade if candles is away from blue line.

I hope it help you a bit.
If not pls just ask again.

Finally I want to say merry Xmas to everyone here.

fratelli.

ANd a Merry Xmas to you to Fratelli, Sonic and others.

Hi Sonic, plz describe how does work the NVO indicator, thanks!

Merry Christmas , John

In the end EUR/JPY hit stoploss too... Don't seem like the month for me to trade at all... Near half of my capital lost, in 3 days...

Oh ya, and Merry Christmas to all!!

Merry Christmas, Eternalrealm

Thick Black Line = 30-minute Upward Sloping Pitchfork
Black Line = 5-minute Downward Sloping Pitchfork
Dotted Line = 5-minute Downward Sloping Schiff fork.

The decisive break of the Upward sloping fork of the 30-min time frame last week has confirmed the bears are in control of the pairs. Currently, price actions are contained by two downward sloping forks of the 5-min time frame. With considerations of patterns, short on rebound for the immediate target of -1.4500+, break of the said levels; -1.4430+. Take care.

P/S, the crossing of median lines between the 30-min thick black line & the 5-min dotted line is called the Energy Point, price actions was reacting strongly to the said juncture.

Have a good one
Jeff

It doens't show buy or sell...it just show the strength of vol compared to the preset candles..(example 10)

http://codebase.mql4.com/3747


Sonic

i guess...here is the issue...u open a trade and u attached ur hope with it...


Sonic

ANd the same to you bud.

Was hopin to get a present for myself if earns
Guess have to wait coming chinese new year to verify if my trading improves not.

this is what happen when u dont hv enough sleep and sleep during the trade without any trailling stop but im lucky i managed to closed it


and merry xmas to all !

Merry X mas...to all...
Here is sth I'd like to share....

TA
1. Please do not fall for the pos that u open...be it long or short...
2. Have a general trend in mind... (e.g. GBP/USD is DT)
3. Put ur SL in strategic area...so that u can withstand easy flip back ...
4. Have a TP in mind... Pivot levels or fib....is useful...
5. The higher TF u trade and the easier ur trade become, but the drawback is ur SL must be bigger too...(.e.g Average 15m candle size is 60 pips, Average 4H candle sizeis 200 pips)

Mental
1. Have trade journal. Have certain numbers to loss trades per day.. (For me 2..Once I have 2 loss trades, I am done for the day).
2. Have trade journal. Have a certain pips of profit in mind (Once hit..either u off ur pc or trade demo)
2. Look at the chart according to ur TF.. (if u r on 15M TF,, try lookin at the chart only once in every 15 minute)
3. Do not panic on breakout..Wait until ur candle time to complete abd act acordingly. (be it 5m TF or 15m TF u r trading)

Trading is difficult...Just like learning how to drive a car.Practice in the driving range before u go to the road..Even when u start driving on the road,it is nothing wrong to go bak to driving range again and pratise,

Sonic

i just noticed that today my broker spreads are insane ..

EJ : 12pips
EU : 9pips
GJ : 24pips
GU : 12pips

Buckets shops are waiting wif big baskets to eat t traders up...
I am out and will be trying to do demo..till t year ends,,,

Sonic

does this happens to all broker ? increasing their spreads ?

Spreads look normal...
mine is ig marke t ....
how abt urs??

Sonic

LiteForex .. here is what the support forward me to when asking about the spread value.

been thinking to change broker now but dont know which one. preferable to a broker that can withdraw to credit card. easier for me .

Sonic meaning??? Better not to trade till January 09???