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Sonic R. System

  • #1,221
  • Jan 14, 2009 1:59am Jan 14, 2009 1:59am
Quoting eternalrealm
sry... i made losses again... my stop loss hit on GU trade.... fell aslp... nv re-enter...


Eternal, you really need some discipline in trading. You fell asleep when you had a position?! I really wanted to laugh but I'll refrain myself from doing that. Bro, don't be too hyper on trading; that's not the way. Are you on Viagra or something?...man...
~*~You are only one trade away from humility~*~
  • #1,222
  • Jan 14, 2009 2:02am Jan 14, 2009 2:02am
feels tired.... anyway... stop loss hit... i also wont know that its going long.. the wave pattern on 5M TF looks signal a short... a lower high.. haiz... back to half of my capital lost.. now juz wait for a good signal to either enter long or short lor...
  • #1,223
  • Jan 14, 2009 2:38am Jan 14, 2009 2:38am
Are u for real man or just trolling this thread?
If you are for real I'd suggest taking a break from trading live and go back to demo.

Mind you I've lost 3 accounts in the past so I know what you're feeling but it's no use to keep on going if there is definitely something wrong in your approach.

Goodluck mate
Enter Signature
  • #1,224
  • Jan 14, 2009 2:44am Jan 14, 2009 2:44am
nah.. juz feel tired n went to slp.. wake up see stop loss hit. tats all.. i din even complaint abt tat..
  • #1,225
  • Jan 14, 2009 2:48am Jan 14, 2009 2:48am
Quoting eternalrealm
feels tired.... anyway... stop loss hit... i also wont know that its going long.. the wave pattern on 5M TF looks signal a short... a lower high.. haiz... back to half of my capital lost.. now juz wait for a good signal to either enter long or short lor...
Hi,

I share with you my trade earlier on GU.

ABCD is the wave which had formed. Normally i'll wait for the pull back after D is formed and wait for a engulfing or harami (inside bar/outside bar depend how u called it). Once the candle pattern is formed, i'll enter abt 2pips on the high wick of the previous candle. I got 70 pips for this trade within 45min. My SL is abt 2pips low of "D". My TP is according to my Fibo.

How you understand what i am trying to explain.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 147 KB
May the pips be with me !!!
  • #1,226
  • Jan 14, 2009 3:04am Jan 14, 2009 3:04am
my stop loss was hit on the way from C to D. when i wake up, the long has gone quite up.. managed to grab abit of pips... but then... the little i put into EU suddenly drop... overall became negative again..
  • #1,227
  • Jan 14, 2009 3:18am Jan 14, 2009 3:18am
I wonder if the wave here can be considered for a short entry?
Attached Image (click to enlarge)
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  • #1,228
  • Jan 14, 2009 3:42am Jan 14, 2009 3:42am
Quoting eternalrealm
I wonder if the wave here can be considered for a short entry?
Depend on the wave count..ur entry should be abt 118.5x lvl...Anyway..watch out for the Daily Pivot lvl..see if they can hold...


Sonic
Attached Image
  • #1,229
  • Jan 14, 2009 3:54am Jan 14, 2009 3:54am
Quoting eternalrealm
my stop loss was hit on the way from C to D. when i wake up, the long has gone quite up.. managed to grab abit of pips... but then... the little i put into EU suddenly drop... overall became negative again..
Hi,

I hope you get the chance to short GU of the break of D. I short it at the break of D and all indicators are on the down side. My 1st TP was hit 1.4515 based on my fibo. Check out my chart.

2nd TP @ 1.4499
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.jpg Size: 133 KB
May the pips be with me !!!
  • #1,230
  • Jan 14, 2009 3:59am Jan 14, 2009 3:59am
Yea, just closed my trade too. Earn back abit.. Perhaps I should start thinking of being more confident and increase my lot size instead of puting half of what i planned, and wait another 20 pips increase then put the rest in...
  • #1,231
  • Jan 14, 2009 4:00am Jan 14, 2009 4:00am
Quoting ahlude
Hi,

I hope you get the chance to short GU of the break of D. I short it at the break of D and all indicators are on the down side. My 1st TP was hit 1.4515 based on my fibo. Check out my chart.

2nd TP @ 1.4499
banged....2nd TP hit....moving SL to 1.4540...slightly above B.....next TP 1.4470 (low of ytd)
May the pips be with me !!!
  • #1,232
  • Jan 14, 2009 4:33am Jan 14, 2009 4:33am
hi everyone. not feeling good today and i just woke up. i see that i missed a few nice trades today .. haha ...

Quoting johninthai
Taken TP here +124 pips.
good one !

Quoting eternalrealm
sry... i made losses again... my stop loss hit on GU trade.... fell aslp... nv re-enter...
sleep during a trade ? didnt put a trailling stop ? .. ur trade entry was a good one ..u can use fibo on when to take profit .

Quoting eternalrealm
Yea, just closed my trade too. Earn back abit.. Perhaps I should start thinking of being more confident and increase my lot size instead of puting half of what i planned, and wait another 20 pips increase then put the rest in...
money management bro ... remember that
  • #1,233
  • Jan 14, 2009 4:41am Jan 14, 2009 4:41am
Regarding this chart, izzit wise and okay to do a re-entry??
Attached Image (click to enlarge)
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  • #1,234
  • Jan 14, 2009 4:44am Jan 14, 2009 4:44am
Quote
money management bro ... remember that

What I'm doing now is.. 500 first trade, then wait a while, if the trade goes along with me, then enter another 250. but sometimes the trade turns, and my profit became half.. Not sure if I'm doing the correct way, or I should just focus on 500, or 750 initially...

Any comments?
  • #1,235
  • Jan 14, 2009 4:47am Jan 14, 2009 4:47am
Wait till the Blue Dot becomes Red Dot (see Rectangle Box)...Wait till that candle close... Put Sell Stop FEW pips below t candle...

SL as Red lines...

CARE FULL as Daily Pivot is holding nice...

Sonic
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  • #1,236
  • Jan 14, 2009 5:20am Jan 14, 2009 5:20am
Quoting eternalrealm
What I'm doing now is.. 500 first trade, then wait a while, if the trade goes along with me, then enter another 250. but sometimes the trade turns, and my profit became half.. Not sure if I'm doing the correct way, or I should just focus on 500, or 750 initially...

Any comments?
money management is calculated according ur sl and capital .. risking 1-3% only .. Lot = [Capital x Risk] / [SL x 10] . im not sure if this is the correct way but this is how i calculate it .

this is how i decide what lot size i gonna use. i usually use a fix 100pips for SL and 5% for risk.

Lot = [3500 x 5%] / [100 x 10]
Lot = 0.175

Quoting sonicdeejay
Wait till the Blue Dot becomes Red Dot (see Rectangle Box)...Wait till that candle close... Put Sell Stop FEW pips below t candle...
errr . not sure i get it .. like this ?

Attached Image (click to enlarge)
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  • #1,237
  • Jan 14, 2009 5:26am Jan 14, 2009 5:26am
5% of capital over 10 trades at 100 pips set at stop loss for each trade? hmmm
  • #1,238
  • Jan 14, 2009 5:28am Jan 14, 2009 5:28am
Just re-entered EY, stoploss at sonic pointed.
  • #1,239
  • Jan 14, 2009 5:31am Jan 14, 2009 5:31am
Quoting eternalrealm
5% of capital over 10 trades at 100 pips set at stop loss for each trade? hmmm
risk should be around 1-3% . but i normally use 5% .. 100pip stop loss is the usual value i use. if the trade has less, use that one. but if its higher than 100, i just use 100 .. depends on the market condition ..

if u are using micro account. the previous one is for a standard account. dont change the last number. just change the variables value..(capital, risk and sl)

Lot = [Capital x Risk] / [SL x 100]
  • #1,240
  • Jan 14, 2009 5:35am Jan 14, 2009 5:35am
if the price hits pivot already, then how? close the trade or wait to see if it will cont to drop, and shift stoploss to BE?
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