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Sonic R. System

  • #1,061
  • Jan 7, 2009 6:01am Jan 7, 2009 6:01am
Take Note...

9:15am USD
ADP Non-Farm Employment Change
http://www.forexfactory.com/images/m...etail_star.gif
-495K -472Khttp://www.forexfactory.com/images/m...us_revised.gif
11:30am USD
Crude Oil Inventories
http://www.forexfactory.com/images/m...dar_detail.gif
0.7M 0.5M
1:00pm USD
Treasury Sec Paulson Speaks
http://www.forexfactory.com/images/m...dar_detail.gif


Sonic
  • #1,062
  • Jan 7, 2009 6:08am Jan 7, 2009 6:08am
GBP/USD did raise.... regret!!!!!!!!!!!!!!!!!!!!!
  • #1,063
  • Jan 7, 2009 6:10am Jan 7, 2009 6:10am
update...

Sonic
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  • #1,064
  • Jan 7, 2009 6:28am Jan 7, 2009 6:28am
WAHH!!!! Maybe I'm not cut to be a trader.... GBP/USD raise so much.... feel like crying liao...
  • #1,065
  • Jan 7, 2009 7:26am Jan 7, 2009 7:26am
Quoting eternalrealm
WAHH!!!! Maybe I'm not cut to be a trader.... GBP/USD raise so much.... feel like crying liao...
The Greed and Fear is strong with this Jedi...
Do not join the Dark Side....


Sonic
  • #1,066
  • Jan 7, 2009 7:29am Jan 7, 2009 7:29am
Quoting sonicdeejay
update...

Sonic

http://www.forexfactory.com/attachme...1&d=1231330211
Took Partial profit @ +160 pips

Sonic
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  • #1,067
  • Jan 7, 2009 7:31am Jan 7, 2009 7:31am
Nice one sonic.... too bad i closed my trade cuz thought it's going to be ranging

don't really get what you mean... haha.. join the DARK side..
  • #1,068
  • Jan 7, 2009 9:49am Jan 7, 2009 9:49am
Just now entered a short trade.... then happily go bath... came back, saw the drop, very happy.... look at my profit... feel like crying... I missed one 0 in inputing my lot size. today... really a bad day.. haiz
  • #1,069
  • Jan 7, 2009 9:54am Jan 7, 2009 9:54am
Quoting eternalrealm
Just now entered a short trade.... then happily go bath... came back, saw the drop, very happy.... look at my profit... feel like crying... I missed one 0 in inputing my lot size. today... really a bad day.. haiz
Dude,,,what up???

Why u SHORT??

1.Wave Analysis ... NO for short
2. EMA...NO for short
3. Price Action ... NO for short

Where is ur rules? show the pic...
Trading fx isn't easy...mkt can be so random already and u need discipline to survive here in long term....

I will say too late for LONG and too early for short...

Sonic
Attached Image (click to enlarge)
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  • #1,070
  • Jan 7, 2009 10:49am Jan 7, 2009 10:49am
to sonicdeejay : great trade sonic ... ....

to eternalrealm : dont worry. we are here for you. every bad trade will be you guide so you can avoid it later on. do save the chart picture every trade so u can review it when u are free.

p/s: do post the entry where u shorted .. so we can see where it goes wrong
  • #1,071
  • Jan 7, 2009 11:14am Jan 7, 2009 11:14am
eternalrealm,

To filter trades, (less trades but more safe)
U can use the slope of the 15-min EMA89. If slope is up, take only BUY signal ; & vice versa.
CCI decipherer
  • #1,072
  • Jan 7, 2009 11:15am Jan 7, 2009 11:15am
Quoting sonicdeejay
Dude,,,what up???

Why u SHORT??

1.Wave Analysis ... NO for short
2. EMA...NO for short
3. Price Action ... NO for short

Where is ur rules? show the pic...
Trading fx isn't easy...mkt can be so random already and u need discipline to survive here in long term....

I will say too late for LONG and too early for short...

Sonic

Eternalrealm:

All the rules of SonicR & the one you mentioned last night about looking for patterns are broken here. Sonic is right that the market is very random at times and these are the two things that NEED to be followed; disregard of whether you have been able to participate on this move or not. If not, then, relax and forget; next trading setup will surely come in due course. You must understand, as a trader, we lose, miss and win all the times; our job is to try to keep the first two to a minimum and maximize the third one when we are on a ride for the profit. Please be aware, your trading psychology is not stable as far as I can gauge. Like CP85 suggested, jot down your mistakes and study them earnestly; that's the only way you will never forget your own shortcomings. Relax and be patient. Take care

Have a good one
Jeff
~*~You are only one trade away from humility~*~
  • #1,073
  • Jan 7, 2009 6:11pm Jan 7, 2009 6:11pm
Quoting eternalrealm
Just now entered a short trade.... then happily go bath... came back, saw the drop, very happy.... look at my profit... feel like crying... I missed one 0 in inputing my lot size. today... really a bad day.. haiz
Don't give up Brotha.....
It is just try not to repeat same mistake again...

Lotsa here are glad to help u out..and grow together...
or U will get this http://smileys.smileycentral.com/cat/4/4_2_111v.gif from us...


Sonic
  • #1,074
  • Jan 7, 2009 6:28pm Jan 7, 2009 6:28pm
Quoting sonicdeejay
Don't give up Brotha.....
It is just try not to repeat same mistake again...

Lotsa here are glad to help u out..and grow together...
or U will get this http://smileys.smileycentral.com/cat/4/4_2_111v.gif from us...


Sonic

Ouch....hurt me....didn't know you are into S&M; Mr. Kinky Sonicdeejay hehehe
~*~You are only one trade away from humility~*~
  • #1,075
  • Jan 7, 2009 7:44pm Jan 7, 2009 7:44pm
Simply Meaningful
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  • #1,076
  • Jan 7, 2009 8:44pm Jan 7, 2009 8:44pm
Quoting sonicdeejay
Simply Meaningful

Great Stuff from Jesse Livermore, Sonic!

When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes."
~Jesse Livermore
~*~You are only one trade away from humility~*~
  • #1,077
  • Edited 8:50pm Jan 7, 2009 8:49pm | Edited 8:50pm
Looks like we've got a head & shoulder here resolved. And Gbp/Usd's up rise isn't sustainable at the moment. Shi Channel and 50% Schiff are loosing their juice to hold on....Awaiting for the next sling to short. Missed the one touched on the Upward sloping fork (Deep Blue). Take care.

Have a good one
Jeff
Attached Image (click to enlarge)
Click to Enlarge Name: GBP Median Lines 01082009 (i).jpg Size: 198 KB
~*~You are only one trade away from humility~*~
  • #1,078
  • Jan 7, 2009 9:00pm Jan 7, 2009 9:00pm
A POTENTIAL short setup is in the making.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR 01082009 (i).jpg Size: 176 KB
~*~You are only one trade away from humility~*~
  • #1,079
  • Edited 9:52pm Jan 7, 2009 9:13pm | Edited 9:52pm
Quoting jharteam
Looks like we've got a head & shoulder here resolved. And Gbp/Usd's up rise isn't sustainable at the moment. Shi Channel and 50% Schiff are loosing their juice to hold on....Awaiting for the next sling to short. Missed the one touched on the Upward sloping fork (Deep Blue). Take care.

Have a good one
Jeff
Careful with the counter trend trade...we need quick and precise action......it may be Bull Flag as we are in Asian Session....but it is gd for quik profit thou....

Yesterday,, GU is pulled to Daily Pivot level and push up all the way...or U can use 50% fib of yesterday Hi and Low...to see the expected rebound...

Sonic
P>S me bz at work..
Attached Image (click to enlarge)
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  • #1,080
  • Edited 11:56pm Jan 7, 2009 10:58pm | Edited 11:56pm
Longed Eur/Usd 1.3617

Initial Stop: 1.3580 (Moved)

Sell Stop: 1.3595

I'm out at 1.3610 as Gbp/Usd resolved as expected to the down side. Looking to short Gbp/Usd now with good pull back
Attached Image (click to enlarge)
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~*~You are only one trade away from humility~*~
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