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Sonic R. System

  • #2,821
  • May 14, 2009 8:22am May 14, 2009 8:22am
Quoting bulkbiz
I am right about AU, but I hit SL due to tight SL. Nevermind, looking to short again.
Another sucky trade for me......><
  • #2,822
  • May 14, 2009 8:29am May 14, 2009 8:29am
Quoting bulkbiz
Another sucky trade for me......><
ur emo is screwing u man....
DO not chase a trade...


Sonic
  • #2,823
  • May 14, 2009 8:53am May 14, 2009 8:53am
Quoting sonicdeejay
ur emo is screwing u man....
DO not chase a trade...


Sonic
Yeap, thanks for the advise.
  • #2,824
  • May 14, 2009 11:08am May 14, 2009 11:08am
sonic i got -200 today .......no problam ......wesey sonic jani aaj tu market ney gand mardi bc.....noob market
FxHome
  • #2,825
  • May 14, 2009 9:31pm May 14, 2009 9:31pm
Lookout For Tis kinda of setup, come to me baby
Attached Image (click to enlarge)
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trade safe
  • #2,826
  • Edited 11:08pm May 14, 2009 10:04pm | Edited 11:08pm
Quoting Muhammad989
sonic i got -200 today .......no problam ......wesey sonic jani aaj tu market ney gand mardi bc.....noob market
1 thing to note...as we can see in D1 TF...all pairs are ranging big time now if fake break out....

Do not chase a trade...1 wrong trade can most likely create an another wrong trade....

Sonic
  • #2,827
  • May 15, 2009 5:57am May 15, 2009 5:57am
2:00pm EUR
German Prelim GDP q/q
http://www.forexfactory.com/images/m...etail_star.gif -3.8%
-3.0%-2.2%http://www.forexfactory.com/images/m...us_revised.gif
http://www.forexfactory.com/images/misc/viewchart.gif

hi guys, and sonic, Was curious and wanna ask do any guys open setup when major news coming out. what i mean is set a buy stop and sell stop b4 the just b4 the news release. and see which side it goes, depending on the news.

the flaw is a very long bullish candle trigger ur buy follow next with a very bearish candle triiger ur sell stop.

abit off topic, but just wanna check it out lol!

example GMT+ 8
Attached Image(s) (click to enlarge)
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trade safe
  • #2,828
  • May 15, 2009 6:35am May 15, 2009 6:35am
Quoting zz_zhang
2:00pm EUR
German Prelim GDP q/q
http://www.forexfactory.com/images/m...etail_star.gif -3.8%
-3.0%-2.2%http://www.forexfactory.com/images/m...us_revised.gif
http://www.forexfactory.com/images/misc/viewchart.gif

hi guys, and sonic, Was curious and wanna ask do any guys open setup when major news coming out. what i mean is set a buy stop and sell stop b4 the just b4 the news...
Hi,
Usually After The News, It Will Retrace. Even Sometimes After NFP, Even If News Is Against Dollor, E/U Goes Up A Little Bit And Start Coming All The Way Down. I Myself Don't Trade Near The Time Of News Release. It's A Very Aggresive Move I Think, Unless You Know What You Are Doing.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #2,829
  • May 15, 2009 6:54am May 15, 2009 6:54am
A buy on USD/CAD, wish me good luck.
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  • #2,830
  • May 15, 2009 8:25am May 15, 2009 8:25am
Quoting bulkbiz
A buy on USD/CAD, wish me good luck.
A profiting week become losing week. Well well.
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  • #2,831
  • May 15, 2009 8:44am May 15, 2009 8:44am
Quoting bulkbiz
A profiting week become losing week. Well well.
leavr ur expectation at bay...trade what u see...not what u think

Sonic
Attached Image (click to enlarge)
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  • #2,832
  • May 15, 2009 8:45am May 15, 2009 8:45am
sonic jani ye glat abaat hey bc......ma chodayi mat karoo bata do ..nhe tu gand marden gey bc..chutu sala batata nhe hey randii chutu ........i wish u success sonic thnx for your system ,,,very t hx
FxHome
  • #2,833
  • May 15, 2009 9:02am May 15, 2009 9:02am
Quoting Muhammad989
sonic jani ye glat abaat hey bc......ma chodayi mat karoo bata do ..nhe tu gand marden gey bc..chutu sala batata nhe hey randii chutu ........i wish u success sonic thnx for your system ,,,very t hx
dude,,,,

I do not understand bahasa malaysia.....English pls....


Sonic
  • #2,834
  • May 15, 2009 9:10am May 15, 2009 9:10am
Quoting zz_zhang
2:00pm EUR
German Prelim GDP q/q
http://www.forexfactory.com/images/m...etail_star.gif -3.8%
-3.0%-2.2%http://www.forexfactory.com/images/m...us_revised.gif
http://www.forexfactory.com/images/misc/viewchart.gif

hi guys, and sonic, Was curious and wanna ask do any guys open setup when major news coming out. what i mean is set a buy stop and sell stop b4 the just b4 the news...
this is how they do...
example.. mkt is to go down... but they will create big long candle and ultimately it goes down....

that y..many do not trade news time..esp NFP....


Sonic
  • #2,835
  • May 15, 2009 9:56am May 15, 2009 9:56am
Quoting sonicdeejay
leavr ur expectation at bay...trade what u see...not what u think

Sonic
haha, yea sometimes I just don't know why, lost my mind. Thanks for reminding me.

Argghh, my day job also make me busy like hell. Tech support job sucks><
  • #2,836
  • Edited 8:50am May 16, 2009 8:23am | Edited 8:50am
Pictures say a thousand words...

http://i44.tinypic.com/rm45dy.gif

1. When the price move down...you can see the vol surge ... See Number 1....this move proves to be a genuine move...

2. But when the price spike up in Number 2, you can notice that the vol isn't picking up.... This move also take alot of shortist SL by hitting above 1.361xx level before it dive back down...

How cruel the forex trading is....

By analyzing it, one can chose not to open the Long position when it spike up above EMA line...
This is not 100% fool prove but I hope does help...

Sonic
  • #2,837
  • May 16, 2009 9:24pm May 16, 2009 9:24pm
Quoting sonicdeejay
Pictures say a thousand words...

http://i44.tinypic.com/rm45dy.gif

1. When the price move down...you can see the vol surge ... See Number 1....this move proves to be a genuine move...

2. But when the price spike up in Number 2, you can notice that the vol isn't picking up.... This move also take alot of shortist SL by hitting above 1.361xx level before it dive back down...

How cruel the forex trading is....

By analyzing it, one can chose not to open the Long position when it...
I'm was loss too at Friday. Hit my SL at GbpUsd, and back again.
How to use and get NVO indicator?
In EurUsd, at H4 time frame, are the candle make the Head and Soulder? if I'm right, how far the reversal is?
  • #2,838
  • May 16, 2009 10:34pm May 16, 2009 10:34pm
Quoting capunkfly
I'm was loss too at Friday. Hit my SL at GbpUsd, and back again.
How to use and get NVO indicator?
In EurUsd, at H4 time frame, are the candle make the Head and Soulder? if I'm right, how far the reversal is?
By using the example, i posted about you might be able to avoid the fake break out above...
Basic rule for NVO is when u see the thick vol coming up...there gona be a big move coming up...It doesn't tell u the price gona move up or down thou....

Normally H&S, the amount of price movement is normally par with the magnitude of Head....go measure the pips...

Sonic
  • #2,839
  • May 16, 2009 11:05pm May 16, 2009 11:05pm
I took it from another post as the words are such as gold...I want u guys to read and understand...Read the highlighted texts especially.. thx to Dropped Onion

Quote

I wanted to talk about in trade management if I may. So much focus goes into deciding when to get into a trade, but the other side of the same coin is when to exit and that factor depends on how you manage an open position.

Chart is the audusd. i went short at the break of the large bearish englufing bar on the daily chart and the rejection of the long term weekly pivot zone around 0.77.

After entry price retraced heavily. This could easily cause someone short to panic and worry. first and foremost people should at least be aware of two things before they enter the trade. first they have to be comfortable and accept the risk that they take, and secondly they should have a stop placed around a logical price action area, not a arbitrary 40 or 50 pips stop.

so price broke the BEOB and then retraced into an area of confluence of support - the May 7 high and the 50/61% FIB retrace of the BEOB.

When I saw price retracing I highlighted this area of confluence 0.7615 as a point where price MAY stop rising. Until that point the trade was just underwater - not uncommon on day one of a trade from the daily chart.

My point being, that some people may have seen the set up, correctly interpreted price action and the probability of a bearish run, but either were stopped out early @ 40 or 50 pips, or decided when the position was against them to follow trading logic and cut losses early - only to see this pair turn back down.

some who don't trade larger PA bars such as this aussie BEOB and other set ups because the stops are large, need to reduce their size positioning. On the daily charts, such as the USDCAD short you took last month, the stop are wide, but the opportunity is good.

Trade what you see (i.e. PA) and not what you think (this thing is going against me, i better get out now and save my capital).

Risk your equity at your perill, but stick by your trading decisions and plan when you decide to put your money on the line.

Everyone wants instant gratification, and unless your gambling on the minute charts, you are likely to have to sit tight and let the trade play itself out. and as you say, sometimes you get stopped out - that's trading. no need to change your strategy, just refine your entries, look at what, if anything, you did wrong, and learn from your mistakes. don't make the same mistakes over and over.

what a ramble

http://www.forexfactory.com/attachme...1&d=1242412515
  • #2,840
  • May 17, 2009 3:12pm May 17, 2009 3:12pm
Quoting sonicdeejay
I took it from another post as the words are such as gold...I want u guys to read and understand...Read the highlighted texts especially.. thx to Dropped Onion
Nice,
Thank You
Trading methods are designed to put the odds in our favor, not predicting.
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