- #1,763
- Feb 13, 2009 8:11am Feb 13, 2009 8:11am
- Joined Feb 2009 | Status: Trading in the Zone | 1,766 Posts
Well, I've been reading Forex Forum threads for about a year now and I think it's definitely the best for anyone into FX, but I never set up an account until today. And the reason is Sonic's excellent strategy.
Thank's Sonic for sharing your experience with other traders and I take on board your comment about needing others to make some input.
I've been struggling with FX for some time (years) and looking for a straight forward system that I can follow. I'm still having problems but that's mainly down to my own impatience and lack of discipline, but even when I think I've made the right decision often the market has other ideas and it gets very frustrating!
Anyway, I thought I'd kick off with a chart of the trade I just took and see what you think about my profit targets?
I have used your SonicV2 set-up pretty much standard (colours changed) but I have got rid of the QQE as I don't see that it really adds any benefit. The white line (on my chart) on the CCI indicator is almost exactly the same as QQE, so I have replaced that with a stochastic at 14,3,7 which helps to really show where the diversion is, as shown. It can also help time re-entry trades on long trends when the line cross. I also have zig-zag which helps to show high/lows, but apart from that my chart is Sonic-standard.
Sonic, in your first version you said that the price had to be above the white line (89 EMA) for longs and below it for shorts, but what is it used for in version 2?
Thank's Sonic for sharing your experience with other traders and I take on board your comment about needing others to make some input.
I've been struggling with FX for some time (years) and looking for a straight forward system that I can follow. I'm still having problems but that's mainly down to my own impatience and lack of discipline, but even when I think I've made the right decision often the market has other ideas and it gets very frustrating!
Anyway, I thought I'd kick off with a chart of the trade I just took and see what you think about my profit targets?
I have used your SonicV2 set-up pretty much standard (colours changed) but I have got rid of the QQE as I don't see that it really adds any benefit. The white line (on my chart) on the CCI indicator is almost exactly the same as QQE, so I have replaced that with a stochastic at 14,3,7 which helps to really show where the diversion is, as shown. It can also help time re-entry trades on long trends when the line cross. I also have zig-zag which helps to show high/lows, but apart from that my chart is Sonic-standard.
Sonic, in your first version you said that the price had to be above the white line (89 EMA) for longs and below it for shorts, but what is it used for in version 2?
My brain hurts!
- #1,770
- Feb 13, 2009 9:35am Feb 13, 2009 9:35am
- Joined Feb 2009 | Status: Trading in the Zone | 1,766 Posts
- #1,772
- Feb 13, 2009 9:38am Feb 13, 2009 9:38am
- Joined Feb 2009 | Status: Trading in the Zone | 1,766 Posts
- #1,775
- Feb 13, 2009 10:00am Feb 13, 2009 10:00am
- Joined Feb 2009 | Status: Trading in the Zone | 1,766 Posts
- #1,776
- Edited 10:57pm Feb 13, 2009 9:43pm | Edited 10:57pm
- | Commercial User | Joined Mar 2008 | 9,069 Posts
- #1,777
- Edited 1:54am Feb 14, 2009 1:43am | Edited 1:54am
- | Commercial User | Joined Mar 2008 | 9,069 Posts
- #1,780
- Edited 7:27am Feb 14, 2009 6:34am | Edited 7:27am
- | Joined Dec 2008 | Status: Trader | 193 Posts
A failure short trade in a making??
Well..thing happens///
Sonic
Why is everybody making so much pips except me....
Sonic can update your file indicators and template?? I notice that your QQE and stealth LCD is combined.......