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Sonic R. System

  • #2,221
  • Edited 8:44am Mar 16, 2009 8:40am | Edited 8:44am
im at work so it takes me a while to post, but i see that u took that trade sonic, so i guess it was a good setup.
but would u have entered on the 2nd vert line. how many pips do you usually wait for it to break the entry point, on the eu?
Nick
  • #2,222
  • Mar 16, 2009 9:08am Mar 16, 2009 9:08am
Quoting sonicdeejay
Nice trade I had...Well.. as u can see

I was tempted to take TP @ 1.30xx but i let it run abit further...
Yo bro,

I was expecting this setup this morning but was tied up with my work thus missed it. Managed to get in on EJ later, there was also a re-entry setup for EU after lunch
May the pips be with me !!!
  • #2,223
  • Edited 7:18pm Mar 16, 2009 3:12pm | Edited 7:18pm
I missed the run up (asleep). After it topped off and dropped below upper range and then came up to bottom of it again, entered short....as component trade of short entered Friday (much lower). As it stands, the two together now equal about break-even (when at 1.2961). PA now stalling at yesterday's high/89sma......so, will just have to give this more time to play out. After a bounce (up), could proceed more to the downside, or not....a risk I am willing to let the trade run on.

Edit: Upgrade chart to show H/Ls.......
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot # 52.gif Size: 59 KB
Click to Enlarge Name: screenshot # 54.gif Size: 56 KB
  • #2,224
  • Mar 16, 2009 9:01pm Mar 16, 2009 9:01pm
Quoting ahlude
Yo bro,

I was expecting this setup this morning but was tied up with my work thus missed it. Managed to get in on EJ later, there was also a re-entry setup for EU after lunch
Am pretty tied up with my work too...
AM part of the proj team that building a 1 bill oil related project...

Am still around and trading thou..I can't post much previoulsly...
Now I manage to get my wireless modem working..

Sonic
  • #2,225
  • Mar 16, 2009 11:58pm Mar 16, 2009 11:58pm
Quoting ahlude
Yo bro,

I was expecting this setup this morning but was tied up with my work thus missed it. Managed to get in on EJ later, there was also a re-entry setup for EU after lunch

Bro ahlude

I see you enter trade usually have a SL of 30 to 40 pips, is it correct?
  • #2,226
  • Mar 17, 2009 12:07am Mar 17, 2009 12:07am
Hi Bro

Hope all profited so far...

Just saw this pair and analyst on my own, would it be a valid entry? overall down trend, my EP will be 1.2685, SL 1.2730 or 1.2750 and TP will be 1.2600

Setting Sl of 1.2750, is it too much?

http://i42.tinypic.com/1zlqc6q.jpg
http://i41.tinypic.com/261yjqc.jpg
  • #2,227
  • Edited 12:34am Mar 17, 2009 12:18am | Edited 12:34am
Quoting lingluvbos
Hi Bro

Hope all profited so far...

Just saw this pair and analyst on my own, would it be a valid entry? overall down trend, my EP will be 1.2685, SL 1.2730 or 1.2750 and TP will be 1.2600

Setting Sl of 1.2750, is it too much?

Hi,

If she would turn and head north, your last resistance area should be around 76% at 1.2760. Any price close above it should see her heading north. It is ricky to have such huge SL cos if your TP is set to 1.2600 (the immediate support will be 1.2620) then will RRR will be 1:1. Do you think it worth it? Personally, i would recommend a 1:2 RRR. Your call
May the pips be with me !!!
  • #2,228
  • Mar 17, 2009 12:19am Mar 17, 2009 12:19am
Quoting lingluvbos
Bro ahlude

I see you enter trade usually have a SL of 30 to 40 pips, is it correct?
Hi,

normally i see if the RRR is ok. Usually i go for 1:2 RRR.
May the pips be with me !!!
  • #2,229
  • Mar 17, 2009 12:22am Mar 17, 2009 12:22am
I'd watch close starting around 2655 then again at 2635. You have some support there & Higher lows. Good luck.



Quoting lingluvbos
Hi Bro

Hope all profited so far...

Just saw this pair and analyst on my own, would it be a valid entry? overall down trend, my EP will be 1.2685, SL 1.2730 or 1.2750 and TP will be 1.2600

Setting Sl of 1.2750, is it too much?

http://i42.tinypic.com/1zlqc6q.jpg
http://i41.tinypic.com/261yjqc.jpg
  • #2,230
  • Mar 17, 2009 12:30am Mar 17, 2009 12:30am
Long EJ @ 0500hrs GMT with wave analysis and all conditions checked. 1st TP will be near ytd high 128.70 follow by final TP at 129.00. Price entry at 128.03 slightly above "H" with a strong support at 128.00. SL near "HL"
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-1703.jpg Size: 164 KB
May the pips be with me !!!
  • #2,231
  • Mar 17, 2009 12:41am Mar 17, 2009 12:41am
Quoting ahlude
Long EJ @ 0500hrs GMT with wave analysis and all conditions checked. 1st TP will be near ytd high 128.70 follow by final TP at 129.00. Price entry at 128.03 slightly above "H" with a strong support at 128.00. SL near "HL"
Tough trade, I was in EJ earlier tonight, but didn't like the PA. got out at +22 pips. Looked like it was going to charge up but hit a brick wall and fell off the cliff.
  • #2,232
  • Mar 17, 2009 1:09am Mar 17, 2009 1:09am
Quoting nickj
Tough trade, I was in EJ earlier tonight, but didn't like the PA. got out at +22 pips. Looked like it was going to charge up but hit a brick wall and fell off the cliff.
Price stalling ard 128.00 atm. I closed my trade manually with 2pips profit
May the pips be with me !!!
  • #2,233
  • Mar 17, 2009 1:20am Mar 17, 2009 1:20am
Quoting ahlude
Hi,

If she would turn and head north, your last resistance area should be around 76% at 1.2760. Any price close above it should see her heading north. It is ricky to have such huge SL cos if your TP is set to 1.2600 (the immediate support will be 1.2620) then will RRR will be 1:1. Do you think it worth it? Personally, i would recommend a 1:2 RRR. Your call
Bro, you mean setting SL at 1.2760 would be more safe, is it? I would not enter this trade, but just want to understand the trading method...

For your recommendation, 1:2, just an example:
My EP: 1.2685
Means if my SL is 1.2730, then my target should be around 1.2595, right

You usually take profit when you hit your 1st target, then you would "shift your SL to +20pips" Do you mean you trail your SL using 20 pips on the last bar close?

Thanks...
  • #2,234
  • Mar 17, 2009 1:25am Mar 17, 2009 1:25am
Quoting lingluvbos
Bro, you mean setting SL at 1.2760 would be more safe, is it? I would not enter this trade, but just want to understand the trading method...

For your recommendation, 1:2, just an example:
My EP: 1.2685
Means if my SL is 1.2730, then my target should be around 1.2595, right

You usually take profit when you hit your 1st target, then you would "shift your SL to +20pips" Do you mean you trail your SL using 20 pips on the last bar close?

Thanks...
Yes for your 1st question.

I usually close 50% of my trade at 1st TP, as for SL, i use fibo to determine it or sometime PA. I dont use trailing SL.

Price is stalling at the trendline for EJ atm.
May the pips be with me !!!
  • #2,235
  • Mar 17, 2009 1:45am Mar 17, 2009 1:45am
Quoting ahlude
Yes for your 1st question.

I usually close 50% of my trade at 1st TP, as for SL, i use fibo to determine it or sometime PA. I dont use trailing SL.

Price is stalling at the trendline for EJ atm.
Understood, thanks bro...
  • #2,236
  • Mar 17, 2009 1:46am Mar 17, 2009 1:46am
Quoting nickj
I'd watch close starting around 2655 then again at 2635. You have some support there & Higher lows. Good luck.
Understood, thanks bro...
  • #2,237
  • Mar 17, 2009 1:48am Mar 17, 2009 1:48am
Quoting lingluvbos
Understood, thanks bro...
you can add me to msn if you wanna ask me more.
May the pips be with me !!!
  • #2,238
  • Mar 17, 2009 2:23am Mar 17, 2009 2:23am
beachboy,

How's ur EA coming up?
May the pips be with me !!!
  • #2,239
  • Mar 17, 2009 2:25am Mar 17, 2009 2:25am
Bro...

Ahlude...r u in it Full time now??

Sonic
  • #2,240
  • Mar 17, 2009 2:28am Mar 17, 2009 2:28am
Quoting sonicdeejay
Bro...

Ahlude...r u in it Full time now??

Sonic
Bro,

bo lah...where got time to be FT......can work and Forex isnt it better? haha
May the pips be with me !!!
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