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Sonic R. System

  • #5,261
  • Aug 20, 2009 9:31pm Aug 20, 2009 9:31pm
Quoting ddaytrader
I'm out with +18 and I have to get some sleep or I won't wake up in time for the NY Open.

Good Luck in London, and I'll see you on the other side of the night.
And I have to say that I feel bad about taking that +18 ... I have a feeling that I just cheated myself out of TP1 and TP2.

Where was Rastaman to remind me to sit on my hands!

I hope it does go to TP1 and TP2 for two reasons:

1) Because it was a SonicR, and I always want SonicR's t o go to targets whether I am in the trade or I missed the trade, and

2) To teach me a lesson. Here I am preaching about sitting on my hands and the importance of setting the trade and leting the market do what it is going to do, and what do I do? I suffocate my trade with a too soon too tight stop.

Ok, now I'm going to bed, so I can lie awake and steam about the way I managed this trade tonight.

Good Night.
  • #5,262
  • Aug 20, 2009 10:03pm Aug 20, 2009 10:03pm
C'on guys...

Fancy break out and big move rarely happen in Asia Session,,,,
Give it a rest...

Sonic
  • #5,263
  • Aug 20, 2009 10:10pm Aug 20, 2009 10:10pm
Quoting sonicdeejay
C'on guys...

Fancy break out and big move rarely happen in Asia Session,,,,
Give it a rest...

Sonic
That is my point, Sonic. It rarely happens. So any "asian setup" is likely only good for 20 pips, or so. So, if anyone decides to trade it (against your good advice), if they get 20+ pips, TAKE IT AND EXIT.
  • #5,264
  • Edited 11:04pm Aug 20, 2009 10:40pm | Edited 11:04pm
GU M15: First target hit.
Edit: Set SL to first target. PA continued dropping but then pulled back to first target. Trade closed via SL with 40 pips.
Attached Image(s) (click to enlarge)
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  • #5,265
  • Aug 20, 2009 11:23pm Aug 20, 2009 11:23pm
Quoting traderathome
That is my point, Sonic. It rarely happens. So any "asian setup" is likely only good for 20 pips, or so. So, if anyone decides to trade it (against your good advice), if they get 20+ pips, TAKE IT AND EXIT.

I agree entirely.

I just took this USD/JPY short as a re entry after getting in late.



Got stopped out + 14 pips.

I think this is the last Asian session for me.
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Starting to see instead of just looking.
  • #5,266
  • Edited 12:22am Aug 21, 2009 12:04am | Edited 12:22am
GU: My trade was stopped out, and I need rest. So I will not likely be up to see if FO or LO or USO manages a pullback on this run down. But, from the last run down transposed to this run (yellow lines), we could be seeing the price around S3 = 1.6365 before the day is over. If I were able to stay up, I'd wait to see if a pullback is managed and if so, take advantage to go short at a higher price than it is right now.

Edit: Continued to drop. Second target is hit. Would still look for pullback upwards for re-entry. I am thinking the FO, LO, USO (any or all) will make price rise so they can short at higher prices. Anyway, if I am not asleep, that is what I will be looking for. If my analysis is on the right track....that we could see 1.6365 today, than it stands to reason the big boys are going to pump it back up to at least 1.6465 for shorting.
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  • #5,267
  • Aug 21, 2009 12:34am Aug 21, 2009 12:34am
Using the Asian session to find another broker.

This one seems good with variable time charts, price alarms etc, a guaranteed stops.
I like the 20 min chart.
Attached Image (click to enlarge)
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Starting to see instead of just looking.
  • #5,268
  • Edited 1:08am Aug 21, 2009 12:46am | Edited 1:08am
Quoting Rastaman
Using the Asian session to find another broker.

This one seems good with variable time charts, price alarms etc, a guaranteed stops.
I like the 20 min chart.
I use FXDD and MT4. Buying/shorting and then closing in any order seems not a problem. Same with buying and then shorting at same time.
Edit: You start posting in M20 TFs, we will have to blackball you. (heh, heh) You cannot tell from that chart who the broker is......?
  • #5,269
  • Aug 21, 2009 1:42am Aug 21, 2009 1:42am
Quoting Rastaman
Using the Asian session to find another broker.

This one seems good with variable time charts, price alarms etc, a guaranteed stops.
I like the 20 min chart.
TAts igmarkets i am using it, is not as customise mt4 though but it has spore presence so transfer of capital is ez for me

i like their deal thru chart function very much
trade safe
  • #5,270
  • Aug 21, 2009 2:09am Aug 21, 2009 2:09am
Quoting traderathome
I use FXDD and MT4. Buying/shorting and then closing in any order seems not a problem. Same with buying and then shorting at same time.
Edit: You start posting in M20 TFs, we will have to blackball you. (heh, heh) You cannot tell from that chart who the broker is......?

I would rather stay with MT4 but I hear a java platform is best as orders go directly into the server.

I take it FXDD is mt4 platform or are you just using MT4 to plot trades with then enter them on another platform?

Spreads are good on this platform USD/JPY 0.9 pips

Not so sure I like the FROM bit though.
Attached Image
Starting to see instead of just looking.
  • #5,271
  • Aug 21, 2009 2:17am Aug 21, 2009 2:17am
I think I can see a setup forming on GBP/USD if I am right on the 15m TF.....
  • #5,272
  • Aug 21, 2009 2:30am Aug 21, 2009 2:30am
Quoting Kamikaze456
I think I can see a setup forming on GBP/USD if I am right on the 15m TF.....
LONG or SHORT?

M15 trend is down, H1 is flat, H4 is down and D1 is up.
Starting to see instead of just looking.
  • #5,273
  • Aug 21, 2009 2:31am Aug 21, 2009 2:31am
Quoting Kamikaze456
I think I can see a setup forming on GBP/USD if I am right on the 15m TF.....
Hi Kamikaze,

I am not at expert in Sonic R, (I would like it) but I see three things

  1. CCI is still down
  2. The price couldmīt close above tunel dragon
  3. I donīt have a good feeling with the volumen but i see that this up side movement has been with a little volumen.

Attached Image (click to enlarge)
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  • #5,274
  • Aug 21, 2009 2:33am Aug 21, 2009 2:33am
Quoting Kabuto
Hi Kamikaze,

I am not at expert in Sonic R, (I would like it) but I see three things

  1. CCI is still down
  2. The price couldmīt close above tunel dragon
  3. I donīt have a good feeling with the volumen but i see that this up side movement has been with a little volumen.


Right...ok ...I must make a note of all the things that you said and remeber to look at them before another trade....

Thanks
  • #5,275
  • Aug 21, 2009 2:44am Aug 21, 2009 2:44am
i dont use volume or cci .. for GBPUSD .. still no entry sign . current wave still didnt have lower high . on H4, theres a long wave but already near its resistance level .. if a long entry on m15 emerged, i would say yesterday high is the best place to but TP2.

time will tell .. beside .. its friday ..

p/s: EU and EJ just skyrocket upward .. huhuhu ...
  • #5,276
  • Aug 21, 2009 2:46am Aug 21, 2009 2:46am
Well I took the GU trade on my demo account....it's turning out quite qell but Kabuto I understand...you have made some very valid points for me to think over.....

Just to clarify now if prices retraces to a higher low you will take the trade...if CCI, QQE, NVO are saying the same thing....
  • #5,277
  • Aug 21, 2009 2:49am Aug 21, 2009 2:49am
Quoting Kamikaze456
Well I took the GU trade on my demo account....it's turning out quite qell but Kabuto I understand...you have made some very valid points for me to think over.....

Just to clarify now if prices retraces to a higher low you will take the trade...if CCI, QQE, NVO are saying the same thing....
LONG or SHORT?
Starting to see instead of just looking.
  • #5,278
  • Aug 21, 2009 2:50am Aug 21, 2009 2:50am
Quoting LittleTrader
i dont use volume or cci .. for GBPUSD .. still no entry sign . current wave still didnt have lower high . on H4, theres a long wave but already near its resistance level .. if a long entry on m15 emerged, i would say yesterday high is the best place to but TP2.

time will tell .. beside .. its friday ..

p/s: EU and EJ just skyrocket upward .. huhuhu ...

That was what I was thinking BTW how do you guys manage to calculate your TP from what I've read traderathome uses bollinger bands with a fibonacci extension which I am very intrested in....

What do you guys use to calculate your TP....?
  • #5,279
  • Aug 21, 2009 2:51am Aug 21, 2009 2:51am
Quoting Rastaman
LONG or SHORT?

Long I think....
  • #5,280
  • Edited 3:46am Aug 21, 2009 2:59am | Edited 3:46am
Quoting Kamikaze456
Long I think....
"Long, I think"?

Sounds like me from last night. LoL

You mean you put a BUY STOP order in?
Starting to see instead of just looking.
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