Sonic R. System

i totally forgot its NFP and my EJ got stopped out.. just reopen my mt4 and my target value is hit.. sigh .

Welcome back buddy...

Sonic

http://i50.tinypic.com/zn4u3p.gif

Please, can anyone post the OHLC for the first MINUTE candle of the session, for EJ? Thank you.

Why TAH???
Pablo

Pablo, what broker is your MT4 with? Your broker is showing a gap down, whereas my broker shows a gap up.

Boring range...aka No man land..
Go get yourself a nice BEER>.

http://www.hickerphoto.com/data/medi...-girl_9692.jpg

Sonic

Yeah, Sonic

I have been watching EU for a while, seems to be at this old resistance area from the 90's. No man's Land indeed.

EU:

Wondering if we might see just a wee bit of a run down before FO/LO calls it back up for their turn......

Let the mkt decide.

Edit: Second chart for just a small run possibility.

Sorry for the delayed answer, I've been to bed for the night.
The data is from Alpari UK.

I've noticed too that nearly every new trading day, the data jumps in no predictable way but jumps all the same. So a gap down/up has no tradable significance to me.

Pablo

Watching EU with interest.

Tis is my 1st trade of the week. lets see how it goes~

gd luck to all sonickers

Hi Guys,

I've Seen Many New Sonikers Got Confused About What I'm Going To Say In This Post, So This May Help Them ...

First, I Should Say It's Just My Way And I Trade This Method Like This. It's Not a Rule Or Anything Else !!

There Are Two Different Kind Of Entries ...

1) The One In First And Second Picture. You See The Entry Is When The Previous Low Breaks. And It Surely Will Save You Some Pips This Morning. I Personally Had an Order For U/J That I Canceled It Due To Price Movement.

The Thing About These Kind Of Entries Is That Sonic Didn't Mentioned Waiting For The Break Of The Last High/Low To Make The Entry. He Mentioned To Wait For Closing The Candle Below The Dragon Thing !

2) As You Can See In Third Picture That I Took From Few Last Days, Entry Made Above Last Low ...

These Two Kind Of Entries, Which Had Been Took Among All The Trades Which Had Been Made With This System Will Confuse New Comers.



So Here's The Thing I Do :

1) If I See a Small Distance Between The Low Price Of The Candle That Closes Above/Below The Dragon, I'll Wait And Put My Entry Order After Broke Of The Last High/Low, Like Picture 1 & 2.

2) If I Saw a Acceptable Distance That I Can Tightened My SL When Price Reaches The Last High/Low, I Will Made The Entry Before Price Breaks The Previous High/Low, Like I Drawed On Third Picture That I've Attached Below. And I'll Watch Price Closely When It Reaches That Level. Most Of The Time I'll Bring My SL To BE For Half Or 2/3 Of My Position.

The Thing Is You Must Be Aware Of That Level Because It May Reverse And You May See a Double Top/Bottom And It Will Catch Your SL.


I Hope This Helps Some Traders Again, I Should Say It's Just My Style ...

Regards,
Basber

Just closed one.. going to play games until NY session ..

Indeed It's a Very Good Setup. I Believe You Took Partial Profit By Now (1.0700)

Regards,
Basber

EU was having a hard time and this was a CT trade. Took 25 pips and called it a day on this pair. Looking like it may continue its downtrend.

Great stuff Basber.

Explained very clearly so that, even I can understand it.

LOL ! Thank You Rastaman

Regards,
Basber

Hi all !
I took this one on GBPUSD..
TP1 not taken for 1 pip
I put SL at BE and let the trade go...

could be good for 150+ pip retrace to 50% Fib.

Pablo

I took half profit at 1.5655 on the second R test... SL left @ BE.