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Sonic R. System

  • #1,121
  • Jan 9, 2009 7:58am Jan 9, 2009 7:58am
This is a 50% Schiff fork:
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Median Lines 01092009 (i).jpg Size: 126 KB
~*~You are only one trade away from humility~*~
  • #1,122
  • Jan 9, 2009 7:58am Jan 9, 2009 7:58am
Quoting eternalrealm
any idea wat time to trade is better after NFP announced?
looks at the mess.... it will whip out postilions for both LONG and SHORT...with small SL>..

Not worth it bro...unless u knw what u r doing...
Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: shifull.gif Size: 28 KB
  • #1,123
  • Jan 9, 2009 8:05am Jan 9, 2009 8:05am
Quoting sonicdeejay
It is gd to pay attention trend line but I pay more attention on horizontal resistance and support line....

It did hit pre low and went bak up...tak a look @ red line..

all the best bro...
Sonic

I agree, Horizontal lines are always better in terms of judging whether it's a real break out or not; I don't use sloping trend lines anymore as I believe Median Lines will take on the importance of all lines on my trade entries.

Have a good one
Jeff
~*~You are only one trade away from humility~*~
  • #1,124
  • Jan 9, 2009 8:09am Jan 9, 2009 8:09am
Look at EJ...
They push the price up up to hit short's SL and eat up Short poisitons while luring Long positions to jump in...

Once the pivot is hit (look at circle)...it pull the price down to eat up Longs....


Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: shifull.gif Size: 27 KB
  • #1,125
  • Jan 9, 2009 8:15am Jan 9, 2009 8:15am
[quote=sonicdeejay;2459273]Look at EJ...
They push the price up up to hit short's SL and eat up Short poisitons while luring Long positions to jump in...

Once the pivot is hit (look at circle)...it pull the price down to eat up Longs....


Sonic[/quote

Yup, typical, they really don't have any new trick in doing this. As I said, initial move: stay out, subsequent one: enter and trade it with the aid of a 1-min chart for entry. Works all the time. The novice trader/dealers usually will get punked by going long.

Have a good one
Jeff
~*~You are only one trade away from humility~*~
  • #1,126
  • Jan 9, 2009 8:24am Jan 9, 2009 8:24am
so it's better to stop for the day?? hmm... i still hav a long way to go ..... my losses...
  • #1,127
  • Jan 9, 2009 8:28am Jan 9, 2009 8:28am
Quoting eternalrealm
so it's better to stop for the day?? hmm... i still hav a long way to go ..... my losses...
Bro, take a rest, don't get hook on the markets like a drug addict. It will drain the energy out of you and when you have no energy; you will lose your concentration and you WILL lose monies. Chill out ... go out have a walk or eat some nice 'street foods' from those street's food stall @_<
~*~You are only one trade away from humility~*~
  • #1,128
  • Jan 9, 2009 8:32am Jan 9, 2009 8:32am
Think I shall go watch TV or slp.. Haha.. can only go out eat snacks after earning some pocket money for myself... if next week able to earn another 200 pips.... maybe can offset losses liao...
  • #1,129
  • Edited 8:54am Jan 9, 2009 8:38am | Edited 8:54am
Quoting eternalrealm
Think I shall go watch TV or slp.. Haha.. can only go out eat snacks after earning some pocket money for myself... if next week able to earn another 200 pips.... maybe can offset losses liao...

I suggest u pick up reading tradin and money management books...our national lib has a bunch of gd books...


Sonic
  • #1,130
  • Jan 9, 2009 8:49am Jan 9, 2009 8:49am
Enough for me tonite....Gd nite guys,,,

http://www.forexfactory.com/attachme...1&d=1231510137

Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: shi.gif Size: 27 KB
  • #1,131
  • Jan 9, 2009 9:44am Jan 9, 2009 9:44am
ic... could have entered short, might earn another 100 pips....
  • #1,132
  • Jan 9, 2009 6:31pm Jan 9, 2009 6:31pm
Hi Sonic et al... finally catching up with you and your system again... thanks to all for all of the graphical posts and explanations.

A few pairs seem poised to gap UP (((possibly))) & slightly
EUR/GBP to .8916 on open 1/11 (I give it a 35%)
EUR/USD
EUR/JPY

Either way, I'm breaking rules trying to pick the bottom on EUR/GBP.
For the curious, I took a look at the last 5 months of Friday/Sunday(Monday) close/open GAP's that occurred. All four of them resulted after down trending days - two gapped up and two gapped down... took an average of the 4 gaps and added it to the closing price. Not really scientific - but heck why not...

Did anybody read the headline that Britain's interest rate is unprecedented since the year 1694?
  • #1,133
  • Jan 9, 2009 8:08pm Jan 9, 2009 8:08pm
Quoting xhanuman
Hi Sonic et al... finally catching up with you and your system again... thanks to all for all of the graphical posts and explanations.

A few pairs seem poised to gap UP (((possibly))) & slightly
EUR/GBP to .8916 on open 1/11 (I give it a 35%)
EUR/USD
EUR/JPY

Either way, I'm breaking rules trying to pick the bottom on EUR/GBP.
For the curious, I took a look at the last 5 months of Friday/Sunday(Monday) close/open GAP's that occurred. All four of them resulted after down trending days - two gapped up and two gapped down... took an average of the...

Sup Man...

How have u been?? ANy update on rollover or lsg168?? I guess he got rolled over... hehe...

Nice analysis u have abt GAP...
As for me...I am not so sure as I do not hold any position over weekend most of t time.so,.,,do not really pay attention on gap......(but for this week, I do have 1 GU long @1.49xx and SL @ BE)....

By the way I look at it.. EJ should gapped down on Monday.if there is a need..or remain unchanged....Gapping up should be the last thing on its mind....


See u guys.... http://www.millan.net/minimations/sm...tootsmiley.gif

Sonic
  • #1,134
  • Jan 9, 2009 10:45pm Jan 9, 2009 10:45pm
Hi guys, just calculated my result from the start of 1 Jan till now,

Here's my overall summary...
EJ (178) pips
GU +387 pips
EU (53) pips
Total +156 pips

A loss of 65cents due to lot size varying... (the missing 0 from that single trade, perhaps)....
What do you guys think? Any suggestions for improvements??
  • #1,135
  • Jan 10, 2009 12:00am Jan 10, 2009 12:00am
Quoting eternalrealm
Hi guys, just calculated my result from the start of 1 Jan till now,

Here's my overall summary...
EJ (178) pips
GU +387 pips
EU (53) pips
Total +156 pips

A loss of 65cents due to lot size varying... (the missing 0 from that single trade, perhaps)....
What do you guys think? Any suggestions for improvements??
what do u mean by the number in (.....) and some are +??

Sonic
  • #1,136
  • Jan 10, 2009 12:45am Jan 10, 2009 12:45am
Quoting sonicdeejay
what do u mean by the number in (.....) and some are +??

Sonic
Hi Sonic:

numbers in the brackets are losses he committed on that particular pair.

Have a good one
Jeff
~*~You are only one trade away from humility~*~
  • #1,137
  • Edited 2:47am Jan 10, 2009 1:34am | Edited 2:47am
Quoting eternalrealm
Hi guys, just calculated my result from the start of 1 Jan till now,

Here's my overall summary...
EJ (178) pips
GU +387 pips
EU (53) pips
Total +156 pips

A loss of 65cents due to lot size varying... (the missing 0 from that single trade, perhaps)....
What do you guys think? Any suggestions for improvements??
U have +312 pips in net...for these 10 days...

Gd Job...
Sonic

P.S me no loss trade last week.,.. just one hit BE... and as for t rest... u knw...lah http://www.millan.net/minimations/smileys/evilgrin.gif
  • #1,138
  • Jan 10, 2009 4:32am Jan 10, 2009 4:32am
no la.. overall is +156 only.. not 312... if +312 pips still got loss of 65 cent... i really duno what's went wrong with my trades.... also my december losses is quite huge... ><'''

Nice ... I want to become like you one day... hahahaha.. no losses.. onli BE..
  • #1,139
  • Jan 10, 2009 7:25am Jan 10, 2009 7:25am
hello fellows, can u tell for what is NVO indi. and CCI we use at above/below 63 level?
  • #1,140
  • Edited 9:09am Jan 10, 2009 8:34am | Edited 9:09am
Quoting 4newbie
hello fellows, can u tell for what is NVO indi. and CCI we use at above/below 63 level?

U can find more info abt NVO HERE

We use EMAs and indicators to help confirm the tradees...
Please read thru prev pages....there was plenty of trades example with pic...

Our rules :: Post with t pic....

Sonic
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