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Sonic R. System

  • #821
  • Dec 22, 2008 9:29am Dec 22, 2008 9:29am
Quoting cfp85
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 .

i think fx pro has malaysia local phone support..try chk them out...
for me,,i use ig thou...

Sonic
  • #822
  • Dec 22, 2008 9:30am Dec 22, 2008 9:30am
Quoting eternalrealm
Sonic meaning??? Better not to trade till January 09???
yes...
I wil b on demo...n will b busy reading up books...
  • #823
  • Dec 22, 2008 10:16am Dec 22, 2008 10:16am
my ej long...
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  • #824
  • Edited 8:26pm Dec 22, 2008 7:50pm | Edited 8:26pm
Quoting sonicdeejay
my ej long...
update

hit my first SL..due to too close and hit my first TP as well...

Sonic
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  • #825
  • Dec 23, 2008 3:08am Dec 23, 2008 3:08am
with high amount of spread and low activity ...i think its time to have a vacation now ..

sonic .. do u mean ur trade hit its stoploss or u have two order that one had stoploss and another hit take profit ?
  • #826
  • Dec 23, 2008 3:13am Dec 23, 2008 3:13am
Quoting cfp85
with high amount of spread and low activity ...i think its time to have a vacation now ..

sonic .. do u mean ur trade hit its stoploss or u have two order that one had stoploss and another hit take profit ?
I open 2 lots... 1 lot SL is there and another one SL is below the pre low..so one get hit its SL... and another one hit its TP

Do u keep ur reocrd of ur trades???

Sonic
  • #827
  • Dec 23, 2008 3:33am Dec 23, 2008 3:33am
Nice Short??Time will tell ...



Sonic
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  • #828
  • Dec 23, 2008 3:53am Dec 23, 2008 3:53am
Quoting sonicdeejay
I open 2 lots... 1 lot SL is there and another one SL is below the pre low..so one get hit its SL... and another one hit its TP

Do u keep ur reocrd of ur trades???
Owh ... haha .. good one sonic .. glad to see someone still get profits ...i already on vacation mode ..scared gonna get killed with the wide spread..

yeah i do ...


Quoting sonicdeejay
Nice Short??Time will tell ...
looks like a great entry .. its already bouncing off M5 shi channel .. wait for a pullback and enter trade ?

p/s: at my chart, i dont hv the long single candle u used for the entry line...
  • #829
  • Dec 23, 2008 5:03am Dec 23, 2008 5:03am
Quoting sonicdeejay
Nice Short??Time will tell ...



Sonic

Nice short, Sonic. Shouldn't have traded over thin vol last night! Take care

Jeff
~*~You are only one trade away from humility~*~
  • #830
  • Dec 23, 2008 5:08am Dec 23, 2008 5:08am
...Immediate target at -1.4734+; break of that, -1.4660+...

Have a good one
Jeff
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~*~You are only one trade away from humility~*~
  • #831
  • Dec 23, 2008 5:22am Dec 23, 2008 5:22am
Quoting sonicdeejay
Nice Short??Time will tell ...

http://www.forexfactory.com/attachme...1&d=1230024808

Sonic

well.. TP hit..

Sonic
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  • #832
  • Edited 8:39pm Dec 23, 2008 4:30pm | Edited 8:39pm
I have meaning(agenda) to say this...

Like most said "Seeing is Believing"...
But when it comes to Trading "Believing is seeing"....

The traders need to have a edge that make that consistently on the right side of the trade and have confidence on their edge...
That make 95% of traders lose money...as most do not have the edge....or believe in their edge...

I see alot of new systems coming out with the galore of cool indicators, nice exmaple with "done" trade on how muc a user can profit from the trade..I do not really see, many of them doesn't show the 'live' trade they are in....
In reality, what the trader see/trade is not the 'then'..he face with the 'now'.. He need to confident enough on the system/edge that he is using.

See nex post...

Sonic
  • #833
  • Edited 8:56pm Dec 23, 2008 8:46pm | Edited 8:56pm
Look here...
In pic ... We have a LONG trigger situation.. but the price will go up?? No one know...this is how the trader will see at that time... all he has is his 'edge'..and the rules are saying go LONG...

He has to decided EP(entry point), SL before the trade opens. TP should be decided as well but it can be a lil bit secondary..

EP: 126.1x SL: 125.5x TP:126.7x (can see as nice resistance in H4 TF chart)

The trade opened...the greed and fear set in for mos of the trader..

See u in nex post..
Sonic
Attached Image
  • #834
  • Edited 10:09pm Dec 23, 2008 9:06pm | Edited 10:09pm
Using the edge(the set of rules u are adhering), a trader must understand that the probability of get it right is High , but not 100% correct all the time. this is where the importance of SL come in...

Deciding on SL at the strategic place, before the trade, take care of some of the fear factor for the trader might have.. This is the max pips = amount of $$ u will lose if this trade go absurd. So SL is a must, never shift is below(for Long) , above (for short) once set at strategic area.


I am a real trader, and I know that a winning traders need more than just a set of rules to open a trade...He need a whole package of winning mindset to get thru this environment and make money in long term or consistence basis..

I do not know why most of the systems originators does not emphasis on this...either they are bluffing as all they post is the 'done' trade with pip earned...there are some 'real' originators too...I can't be sure on that...

Now see, the result...at the pic attached...

Proper SL can easily withstand a normal whipsaw and logical TP can gives u a decent pips...

I hope u can learn/understand from these three prev posts...

That will be my Xmas gift...to u guys...
Sonic
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  • #835
  • Dec 23, 2008 9:25pm Dec 23, 2008 9:25pm
Quoting sonicdeejay
Using the edge(the set of rules u are adhering), a trader must understand that the probability of get it right is High , but not 100% correct all the time. this is where the importance of SL come in...

Deciding on SL at the strategic place, before the trade, take care of some of the fear factor for the trader might have.. This is the max pips = amount of $$ u will lose if this trade go absurd. So SL is a must, never shift is below(for Long) , above (for short) once set.


I am a real trader, and I know that a winning traders need more than...
Hi Sonic:

Yeah, well presented and the mind set of Mark Douglas is strongly instilled in you (as in myself as well) already. Thanks for the reminder, in my case, and I would like to add a little which is in line with what you have laid down: "To be a consistent trader, in trade entries, think hard on the probability of loosing at all time". On that note, I wish you and your family a Happy Christmas and to all the members of SonicR System a well..

Have a good one
Jeff
~*~You are only one trade away from humility~*~
  • #836
  • Dec 24, 2008 3:05am Dec 24, 2008 3:05am
Quoting sonicdeejay
Using the edge(the set of rules u are adhering), a trader must understand that the probability of get it right is High , but not 100% correct all the time. this is where the importance of SL come in...

Deciding on SL at the strategic place, before the trade, take care of some of the fear factor for the trader might have.. This is the max pips = amount of $$ u will lose if this trade go absurd. So SL is a must, never shift is below(for Long) , above (for short) once set at strategic area.


I am a real trader, and I know that a winning...
Well said Sonic. Trading with your edge is indeed important, as Mark Douglas emphasizes. I particularly found this quote true.

Quote
To think in probabilities, you have to create a mental framework or mind-set that is consistent with the underlying principles of a probabilistic environment. A probabilistic mind-set pertaining to trading consists of five fundamental truths.

1. Anything can happen.

2. You don't need to know what is going to happen next in order to make money.

3. There is a random distribution between wins and losses for any given set of variables that define an edge.

4. An edge is nothing more than an indication of a higher probability of one thing happening over another.

5. Every moment in the market is unique.
  • #837
  • Dec 24, 2008 6:39am Dec 24, 2008 6:39am
The market has been surprisingly regulated; vibrating well within the forks and most of all, are setting itself up in a very classical posture in trading the fork. Just couldn't help it but to trade on them.

1) Buy Stop: 1.4810
Short Entry: 1.4775
Squared: 1.4688 (The Median Line of the Downward sloping Schiff Fork)

2) Buy Stop: 1.4810
Short Entry: 1.4770
Target: 1.4675 (The Median Line of the Downward sloping Schiff Fork)

This is the last post I made before Christmas...promise...

Have a good one
Jeff
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~*~You are only one trade away from humility~*~
  • #838
  • Dec 24, 2008 6:53am Dec 24, 2008 6:53am
I see a nice base forming @ 1.469x area...and see the bullish divergence in CCI??
I will not look for LONG until the price pierce abov 1.479x level...convincingly...
Overall it is still DT thou...

Sonic
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  • #839
  • Dec 24, 2008 7:00am Dec 24, 2008 7:00am
Quoting sonicdeejay
I see a nice base forming @ 1.469x area...and see the bullish divergence in CCI??
I will not look for LONG until the price pierce abov 1.479x level...convincingly...
Overallit is still DT thou...

Sonic

Noted and agree. Been observing this formation since late afternoon; for now, still bias short side. If price actions can punch through the 'triple bottoms', so to speak and forming a bullish Butterfly Harmonic; all the better!

Have a good one
Jeff
~*~You are only one trade away from humility~*~
  • #840
  • Dec 24, 2008 7:23am Dec 24, 2008 7:23am
Quoting jharteam
Noted and agree. Been observing this formation since late afternoon; for now, still bias short side. If price actions can punch through the 'triple bottoms', so to speak and forming a bullish Butterfly Harmonic; all the better!

Have a good one
Jeff
Give it a miss already..bro Jeff...
vol is rather thin...look at the movement..
Enjoy ur evening...

Sonic
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