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Sonic R. System

  • #1,081
  • Jan 8, 2009 12:25am Jan 8, 2009 12:25am
Well, looks like I pulled the trigger a bit fast to stop myself out of the long position; and my decision was totally against the 'story' being told by the fork. That's it for me today; not in a fit psychological condition for trading. Must be trading the local futures that took the spunk out of me. Take care

Have a good one
Jeff
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~*~You are only one trade away from humility~*~
  • #1,082
  • Jan 8, 2009 1:17am Jan 8, 2009 1:17am
we have nice galore of news coming out...

Quote
6:00am EUR
Consumer Confidence
http://www.forexfactory.com/images/m...dar_detail.gif
-26-25
6:00am EUR
Unemployment Rate
http://www.forexfactory.com/images/m...dar_detail.gif
7.8%7.7%
7:00am EUR
German Factory Orders m/m
http://www.forexfactory.com/images/m...etail_star.gif
-1.8%-6.1%
Tentative GBP
MPC Rate Statement
http://www.forexfactory.com/images/m...etail_star.gif...

Sonic
  • #1,083
  • Jan 8, 2009 2:48am Jan 8, 2009 2:48am
Quoting jharteam
Well, looks like I pulled the trigger a bit fast to stop myself out of the long position; and my decision was totally against the 'story' being told by the fork. That's it for me today; not in a fit psychological condition for trading. Must be trading the local futures that took the spunk out of me. Take care

Have a good one
Jeff
HK FUT looks pretty trending...???
Rest well...Bro..

Sonic
  • #1,084
  • Jan 8, 2009 4:48am Jan 8, 2009 4:48am
Quoting sonicdeejay
HK FUT looks pretty trending...???
Rest well...Bro..

Sonic
Hi Bro:

Yeah, it was all smooth sailing in the HSIF; shorted the damn thing 5 minutes later after opening with break of OR; made some -300+ points on that; but monitoring , trading the FX along with HSIF just burns me out on and off and today is one of those moments; I guess. Take care.

Have a good one
Jeff
~*~You are only one trade away from humility~*~
  • #1,085
  • Jan 8, 2009 5:08am Jan 8, 2009 5:08am
Just came back from school....

Quote
Dude,,,what up???

Why u SHORT??

Sonic

Sorry, was referring to another pair... Not the GBP/USD.. i think is EUR/JPY.. Hahaha... I'm still following the rules.... but might have missed out one or two only

Currently looking at 3 pairs, EUR/JPY, GBP/USD and EUR/USD

Quote
every bad trade will be you guide so you can avoid it later on.
p/s: do post the entry where u shorted .. so we can see where it goes wrong

cfp85

Yea, cuz I closed my long for GBP/USD beforehand... I hardened my emotion and swear that I shall never close my trade even if its 50 pips losing.. will wait the trade to hit the stop loss i placed (maybe at 60 pips).

Did it, and lose quite heavily on the first trade.. but managed to grab two other trades, LONG on GBP/USD and close when it hits the 60-min trend line, and the other one SHORT on the EUR pairs... managed to offset the losses I incurred yesterday!!!

No more charts le.... for yesterday's trades, forgot all the entry points and exit points already... unless go check my account's activity.. will try to save in future.. haha...

Quote
U can use the slope of the 15-min EMA89. If slope is up, take only BUY signal ; & vice versa.

sogt725

I see. Sonic is using EMA89 too??? I was using SMA 50 as mentioned by fratelia/Paul. Am I right with the name?


Quote
will get this from us...

Sonic

WAHH!!!! so pain.... but did make a little profit from the SHORT trade... 50 cent.. heehee

Now looking at GBP/USD... seem like going up... a nice hammer candle on the 5-min TF... but looks quite unstable to me....
  • #1,086
  • Edited 5:46am Jan 8, 2009 5:33am | Edited 5:46am
Posting charts based on my memories...

The EUR/JPY, the LONG trade (blue line) is the trade when I decided to harden my emotion, and hit the stoploss placed. It's based on the previous lower high. It's a emo trade, entering too late, I know. But at least I WAITED it to touch the stop loss... It was emotional turmoil during that stage....

Next, seeing the constant bearish candle.. and there's a wave formed, from High-High to Low-High, I quickly entered SHORT (yellow line), but then... maybe in a rush to go bath, I missed one 0 in my lot size... closed the trade (green line).. 4got why.... maybe wasn't feeling secured.. I think i closed at the dotted line ba... cuz see the quite long bull candle... ya.. should be the dotted line...

As for the GBP/USD, there's the wave formed too, Higher-Low, so I entered LONG.. above EMA.. Stealth is blue..... and closed when hit the 60-min trend line..

PS: The chart should be wrong for GBP/USD... just confirmed looking at my broker chart, I entered 1.5133, and closed at 1.5194 so my actual close trade is before the little hammer-alike short candle.
Edit once more: seem like my entry point is different point also... ROAR!! 4got liao.. as long as make pips can liao rite... HAHAHAHA.... Still got like... another 150 pips more to be earned to cover my losses made, before I can make profit......

Been looking at the pairs.. It seem that EJ and EU pairs got the conditions to go short, but it's very near the 60-min trend-line. So am I right to assume that it's not advisable to enter short?
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  • #1,087
  • Jan 8, 2009 8:28am Jan 8, 2009 8:28am
No one is trading when the price was booming???

where is eternal??? this is my today trade,,,rather bz with my family...
and I still hold my GU LONG @ 1.49xx yesterday....

Do u see...these three days... GU has been retrace a lil bit during Asian Hours...See Yellow Parallel lines...It is Bull Flag...U can make money from going short but u gota be very very very careful.....

Sonic
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  • #1,088
  • Jan 8, 2009 8:33am Jan 8, 2009 8:33am
YO sonic. Yea, wasn't in GBP/USD. I am in EUR/USD. But entered quite late... not sure if should sell now or not.. its going slow now.
  • #1,089
  • Jan 8, 2009 8:37am Jan 8, 2009 8:37am
Quoting eternalrealm
YO sonic. Yea, wasn't in GBP/USD. I am in EUR/USD. But entered quite late... not sure if should sell now or not.. its going slow now.
Show t pic abt ur entry.....More Upside ahead i believe
SELL only after 1.3700 lvl is broken strongly.....set SL 1.3667..


Sonic
  • #1,090
  • Jan 8, 2009 8:49am Jan 8, 2009 8:49am
Any thoughts on EY Sonic?
Enter Signature
  • #1,091
  • Jan 8, 2009 8:55am Jan 8, 2009 8:55am
Quoting sonicdeejay
No one is trading when the price was booming???

where is eternal??? this is my today trade,,,rather bz with my family...
and I still hold my GU LONG @ 1.49xx yesterday....

Do u see...these three days... GU has been retrace a lil bit during Asian Hours...See Yellow Parallel lines...It is Bull Flag...U can make money from going short but u gota be very very very careful.....

Sonic

Hi Sonic:

these kind of price patterns won't sustain for long; protect your long trade.
~*~You are only one trade away from humility~*~
  • #1,092
  • Jan 8, 2009 8:59am Jan 8, 2009 8:59am
My entry point was late. I guess i place stoploss at break-even point bah...
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  • #1,093
  • Jan 8, 2009 4:29pm Jan 8, 2009 4:29pm
SL at BE hit... Guess should start focing myself to close the trade once reach 100 pips... offset my losses first is important...
  • #1,094
  • Jan 8, 2009 5:59pm Jan 8, 2009 5:59pm
Quoting jharteam
Hi Sonic:

these kind of price patterns won't sustain for long; protect your long trade.
I am out at 1.530x

Went to bed early...yesterday
Sonic
  • #1,095
  • Jan 8, 2009 7:09pm Jan 8, 2009 7:09pm
Attached is the hourly Eur/Usd charts. Take care.

Have a good one
Jeff
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EUR Median Lines 01092009 (ii).jpg Size: 204 KB
~*~You are only one trade away from humility~*~
  • #1,096
  • Jan 8, 2009 7:11pm Jan 8, 2009 7:11pm
Hi guys,

Nice setup?
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May the pips be with me !!!
  • #1,097
  • Jan 8, 2009 11:18pm Jan 8, 2009 11:18pm
Quoting ahlude
Hi guys,

Nice setup?
the price did go down to 1.363x level.whic is 38.2% of fib..I hope u did lock ur profit.
Asian session has no punch most of the time....careful with the Asian hours.... I do not really rely much on Kimono traders....

If the price go above pivot 1.368x strongly...we can say uptrend shd continue during Euro or US session...watch out for these 2 levels...


Sonic
Attached Image (click to enlarge)
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  • #1,098
  • Jan 8, 2009 11:46pm Jan 8, 2009 11:46pm
Do you think I can trade on friday? cuz now half of my capital has lost... left abit nia to try to overturn the table...
  • #1,099
  • Jan 9, 2009 12:07am Jan 9, 2009 12:07am
Quoting eternalrealm
Do you think I can trade on friday? cuz now half of my capital has lost... left abit nia to try to overturn the table...
You have to get your money management right. You can even trade only 1 day per week but if your money management is not correct....you will end up screwing up in long run. Good luck my fellow mate
May the pips be with me !!!
  • #1,100
  • Jan 9, 2009 12:10am Jan 9, 2009 12:10am
Quoting sonicdeejay
the price did go down to 1.363x level.whic is 38.2% of fib..I hope u did lock ur profit.
Asian session has no punch most of the time....careful with the Asian hours.... I do not really rely much on Kimono traders....

If the price go above pivot 1.368x strongly...we can say uptrend shd continue during Euro or US session...watch out for these 2 levels...


Sonic
Yo Bro,

Do agree that asian time is damn boring to trade thus i dont even bother to see it. Unless it has a very nice setup. Tonight is NFP....pls becareful everybody who plan to do trading later.
May the pips be with me !!!
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