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Sonic R. System

  • #2,801
  • May 13, 2009 3:08am May 13, 2009 3:08am
It's Not A Perfect Setup, But General Trend Is Down And Price Is Making Lower Lows. The Only Thing That Makes Me A Little Bit Worry, Is Divergence.

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #2,802
  • May 13, 2009 3:35am May 13, 2009 3:35am
Quoting Basber
It's Not A Perfect Setup, But General Trend Is Down And Price Is Making Lower Lows. The Only Thing That Makes Me A Little Bit Worry, Is Divergence.

Regards,
Basber
I manage to TP this pair last night during the crazy momentum(us open). But currently, this pair is not tradeable for me, I got no idea it will go up or down.

I don't see any nice setup on major pairs currently, how about u guys? Please share
  • #2,803
  • May 13, 2009 4:38am May 13, 2009 4:38am
Quoting sonicdeejay
Euro 1.372x...is such a big Resistance,,,for it to advance.....
So, minor retracement are expected...this is what happen it these two days...

I am still bullish for for overall trend..

Sonic

EU hitting 1.37xx several time..it is like a wall...after knocking of many time,,.a good piece of news will advance it..


Sonic
  • #2,804
  • May 13, 2009 4:48am May 13, 2009 4:48am
Quoting Basber
It's Not A Perfect Setup, But General Trend Is Down And Price Is Making Lower Lows. The Only Thing That Makes Me A Little Bit Worry, Is Divergence.

Regards,
Basber
Close It At BE ! I Don't Like The Movement Of The Price ... I Rather Not To Be In This Trade

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #2,805
  • May 13, 2009 7:55am May 13, 2009 7:55am
Quoting 8pip
do you have any partner ship with FF?
partner ship?? nope??

Sonic
  • #2,806
  • May 13, 2009 7:57am May 13, 2009 7:57am
sad but true....

Sonic
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  • #2,807
  • May 13, 2009 8:10am May 13, 2009 8:10am
I am too conservative but.....still profit...another 3% increase to my capital
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  • #2,808
  • May 13, 2009 9:40am May 13, 2009 9:40am
Been a long time since I won any trade.... Description posting soon on my blog... sleepy.....
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  • #2,809
  • May 13, 2009 3:54pm May 13, 2009 3:54pm
Quoting sonicdeejay
sad but true....

Sonic
Sonic there wasn't proper wave here before the price went below the ema so wouln't bulkbiz entry be better?

The reason i ask this is i took a similar trade in the EU session where price pierced the ema but it then changed direction and i got stopped out.
  • #2,810
  • May 13, 2009 4:48pm May 13, 2009 4:48pm
Quoting sonicdeejay
sad but true....

Sonic
Hi Sonic,
I Have A Question About Your Entry. Like AndsX Says, There Is No Proper Wave. And Even The General Trend Is Up, So You Trade CT ! I Think In This Entry, You Use Breakout Strategy & Mix It With MAs And Confirm It By Wave To Make Your Entry. Correct Me If I'm Wrong Please, But I Didn't See A Very Good Entry Point At The Point You Make Your Entry. Because Like AndsX Says, There Is a Lot Of False Breakouts Like This Before. I Wanted To Know What Exactly Makes You To Go Short In That Position. The Only Thing I Can See That Makes Me Understand Your Entry Point, Is Breakout Of Price In The Band Which Price Was Moving In Last Couple Of Hours.
I'm Really Looking Forward For Your Comment

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #2,811
  • May 13, 2009 6:47pm May 13, 2009 6:47pm
Quoting Basber
Hi Sonic,
I Have A Question About Your Entry. Like AndsX Says, There Is No Proper Wave. And Even The General Trend Is Up, So You Trade CT ! I Think In This Entry, You Use Breakout Strategy & Mix It With MAs And Confirm It By Wave To Make Your Entry. Correct Me If I'm Wrong Please, But I Didn't See A Very Good Entry Point At The Point You Make Your Entry. Because Like AndsX Says, There Is a Lot Of False Breakouts Like This Before. I Wanted To Know What Exactly Makes You To Go Short In That Position. The Only Thing I Can See That Makes Me Understand...
There is a wave and price action that make me go short...u see the amount of red candle...

Sonic
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  • #2,812
  • May 13, 2009 9:03pm May 13, 2009 9:03pm
I am thinking, analyze chart is an art more than physic. The more you look at the chart, the more info you can see. I think rules is just a guideline. Did you guys hear before, the same method works for one trader but fail for another trader. You can bend your trading rules, but not against your trading rules.
  • #2,813
  • May 13, 2009 9:10pm May 13, 2009 9:10pm
Quoting bulkbiz
I am thinking, analyze chart is an art more than physic. The more you look at the chart, the more info you can see. I think rules is just a guideline. Did you guys hear before, the same method works for one trader but fail for another trader. You can bend your trading rules, but not against your trading rules.
You got it..right there...


Sonic
  • #2,814
  • May 13, 2009 10:35pm May 13, 2009 10:35pm
Hello sonic,
How about my decision on this chart?
Thanks you.
Are TP is good Enough?
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  • #2,815
  • May 13, 2009 10:42pm May 13, 2009 10:42pm
Hi Sonic

I've been using your rules for a while, i'm doing ok I guest after I leave all my emotion and ego at the doorstep but give it in at sometimes.

I understand that you're from Singapore, and your prefer trading time would be 1-4 pm and 7-11pm SG time as well ? I'm from Malaysia BTW.

If the time is right, you will be trading in the midst of news released as well, I got bad trade due to news released. How do you overcome it ?

Thank you very much.
Signed: PipsMonster
  • #2,816
  • May 14, 2009 1:12am May 14, 2009 1:12am
My Trade For Today ..
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Trading methods are designed to put the odds in our favor, not predicting.
  • #2,817
  • May 14, 2009 1:39am May 14, 2009 1:39am
Quoting Basber
My Trade For Today ..
SL Hit,
Any Comment Guys ?

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #2,818
  • May 14, 2009 2:13am May 14, 2009 2:13am
Quoting Basber
SL Hit,
Any Comment Guys ?

Regards,
Basber
Maybe My StopLoss Was Too Tight ?! Because After Retesting 130.00 , It's Going Down Again.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #2,819
  • May 14, 2009 6:38am May 14, 2009 6:38am
I am right about AU, but I hit SL due to tight SL. Nevermind, looking to short again.
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  • #2,820
  • Edited 7:55am May 14, 2009 7:42am | Edited 7:55am
It Couldn't Be Worse Than This ! What The Hell Happened To Market ?!
Trading methods are designed to put the odds in our favor, not predicting.
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