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Sonic R. System

  • #9,961
  • Feb 15, 2010 8:16pm Feb 15, 2010 8:16pm
[quote=sonicdeejay;3466311]If I am the first guy that who dance,,Basber, DD, Rasta and TAH will the second dancers...

Sonic







Sonic's sense of Humor simply blows me away, sometimes.

That was a great video Sonic....Simply wonderful.
Starting to see instead of just looking.
  • #9,962
  • Edited 8:41pm Feb 15, 2010 8:20pm | Edited 8:41pm
[quote=Rastaman;3466506]
Quoting sonicdeejay
If I am the first guy that who dance,,Basber, DD, Rasta and TAH will the second dancers...

Sonic







Sonic's sense of Humor simply blows me away, sometimes.

That was a great video Sonic....Simply wonderful.
"Sonic?" Gee, I seem to remember that name from somewhere......

......Oh, yes! Sonicdeejay! Yeah, I remember him now. Hey, he must have just returned from scouting out a whole bunch of new post "edifying" pictures. Nice going, Sonic!
  • #9,963
  • Feb 15, 2010 9:11pm Feb 15, 2010 9:11pm

Some of puzzle to me on the trading will be uncover by SonicR, I guess

Thank you.


Quoting sonicdeejay
If I am the first guy that who dance,,Basber, DD, Rasta and TAH will the second dancers...

Sonic

http://www.youtube.com/watch?v=fW8amMCVAJQ
  • #9,964
  • Edited 10:24pm Feb 15, 2010 10:15pm | Edited 10:24pm
Too early in the day for me but, are we going to see something like this wave form on EU. Just thinking out loud.

And, GU NEN HOU (Happy New Year) to all the people in China learning the SonicR.
I am still full from all the JAU ZU.
Attached Image (click to enlarge)
Click to Enlarge Name: pic.jpg Size: 137 KB
Starting to see instead of just looking.
  • #9,965
  • Edited 1:32am Feb 16, 2010 12:41am | Edited 1:32am
I am thinking that EJ M15 may start to be moving in the direction of the long term trend, DOWN.

Any thoughts on this Sonic, TAH & Basber?



EDIT: Hmmm, This looks like it could go either way right now, but this could also be the pump before the dump.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pic m15.jpg Size: 166 KB
Click to Enlarge Name: pic (2).jpg Size: 174 KB
Starting to see instead of just looking.
  • #9,966
  • Feb 16, 2010 2:17am Feb 16, 2010 2:17am
Quoting missH
Thank you Basber.
The price just get to the SL 122.71.
Would give me some details for the SL positon BE that you metioned?
Sure ...

I Meant If Price Reaches a Solid Support Or Resistance, It May Reverse And Hit Your StopLoss. So Breaking Even Will Be a Good Idea In These Situations. Breaking Even Means Bringing Your StopLoss At Your Entry Point, So If It Reverses, You'll Not Loose Any Money. You Can Save Your Capital By This Way.

Anyway, Price Didn't Reached That Level.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #9,967
  • Feb 16, 2010 5:33am Feb 16, 2010 5:33am
GU:

PA is sporting a nice WAVE now. Attached pic is for potential short trade. I set EP below Daily Pivot, but a bit higher might be ok. TP1 is within an average range move, minus a little bit. TP2 is fjust beyond an average range move. Should the trade start, consider adjusting TPs as you see how price moves, because a strong move could encompass the FE 262% level and even S3.

I am already in this, and would not be surprised to see this move down thru the week. But that is speculation. Trade only what you see.
Attached Image (click to enlarge)
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  • #9,968
  • Feb 16, 2010 5:42am Feb 16, 2010 5:42am
Quoting traderathome
GU:

PA is sporting a nice WAVE now. Attached pic is for potential short trade. I set EP below Daily Pivot, but a bit higher might be ok. TP1 is within an average range move, minus a little bit. TP2 is fjust beyond an average range move. Should the trade start, consider adjusting TPs as you see how price moves, because a strong move could encompass the FE 262% level and even S3.

I am already in this, and would not be surprised to see this move down thru the week. But that is speculation. Trade only what you see.
I'm On It Too. Let's See What Will Happen ...

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #9,969
  • Feb 16, 2010 5:58am Feb 16, 2010 5:58am
I am just going to watch this one as I did not spot it myself.

Looks good as price seems to be below the retrace of the 38.2 on the weekly and shying away from it.

Seems to be a possible trouble area at 1.5523 but that is over 170 pips away.


Kick its ass Basber and Tah.
Starting to see instead of just looking.
  • #9,970
  • Feb 16, 2010 5:58am Feb 16, 2010 5:58am
I have my Sell Stop order placed but the bigger picture has a rising wedge feel to it?

Pablo
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 27 KB
  • #9,971
  • Feb 16, 2010 6:14am Feb 16, 2010 6:14am
EU Short set up.
Bounced of HTF trendline.
Making Lower Highs

Pablo
Attached Image (click to enlarge)
Click to Enlarge Name: eu15.gif Size: 23 KB
  • #9,972
  • Feb 16, 2010 6:15am Feb 16, 2010 6:15am
Happy new year to you and all Sonicers

Quoting Rastaman
Too early in the day for me but, are we going to see something like this wave form on EU. Just thinking out loud.

And, GU NEN HOU (Happy New Year) to all the people in China learning the SonicR.
I am still full from all the JAU ZU.
  • #9,973
  • Feb 16, 2010 6:26am Feb 16, 2010 6:26am
Not sure about u guys..but in SG we are having holidays,,,

http://www.phillyfunguide.com/images...4593/ihcny.jpg

Sonic
  • #9,974
  • Feb 16, 2010 6:42am Feb 16, 2010 6:42am
Quoting PabloOnFX
EU Short set up.
Bounced of HTF trendline.
Making Lower Highs

Pablo
Try To Sell The Weakest And Buy THe Strongest. You Can Determine It's Situation Buy Comparing It To The Price At FO (Around 7GMT), Or When Volume Gains Between 6 - 8 GMT.
It's Not SonicR Rules. It's Just What I Do To Catch The Best Moves.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #9,975
  • Feb 16, 2010 6:43am Feb 16, 2010 6:43am
Quoting traderathome
GU:

PA is sporting a nice WAVE now. Attached pic is for potential short trade. I set EP below Daily Pivot, but a bit higher might be ok. TP1 is within an average range move, minus a little bit. TP2 is fjust beyond an average range move. Should the trade start, consider adjusting TPs as you see how price moves, because a strong move could encompass the FE 262% level and even S3.

I am already in this, and would not be surprised to see this move down thru the week. But that is speculation. Trade only what you see.
Here she goes? Just before US open they pull the rug? Will be interesting to see if the US open results in another pump, or will those traders say, "Aw, hell! Let's get on with the dump!"
Attached Image (click to enlarge)
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  • #9,976
  • Feb 16, 2010 6:50am Feb 16, 2010 6:50am
Quoting Basber
Try To Sell The Weakest And Buy THe Strongest. You Can Determine It's Situation Buy Comparing It To The Price At FO (Around 7GMT), Or When Volume Gains Between 6 - 8 GMT.
It's Not SonicR Rules. It's Just What I Do To Catch The Best Moves.

Regards,
Basber
OK but this what I observed....

GU wanted to go long. EU wanted to go short.

Which way did they go?

I would say, the weaker currency is the EU at this point in the market???

Pablo
  • #9,977
  • Feb 16, 2010 6:59am Feb 16, 2010 6:59am
Quoting sonicdeejay
Not sure about u guys..but in SG we are having holidays,,,

http://www.phillyfunguide.com/images...4593/ihcny.jpg

Sonic

Sonic, you also celebrate the Lunar New Year in SG?

My wife being Chinese has been going nuts celebrating the new year.

Either way, its great to have two new years celebrations.
Starting to see instead of just looking.
  • #9,978
  • Feb 16, 2010 7:47am Feb 16, 2010 7:47am
Quoting traderathome
...Since the later part of last week, I have been involved with a short on this pair ...Meanwhile, price has gone higher, and I have added to the short trade at higher prices...
Averaging up (when short) and averaging down (when long) is a recipe for disaster.

If I may say, TAH, and please take this as a warning from a concerned friend and not as a harsh criticism, but you trade too much based upon what you think that the market MUST do. You need to discipline yourself to trade based upon what price is telling you.

You may be right on the ultimate direction of the GU, but the market could correct much higher from here before it moves in your favor. I hope that that is not the case and that you can get out of your position with little damage, and perhaps with a profit. But this type of trading behavior will blow you out of the game eventually.

Below is a Picture of one of the most successful traders of all time - Paul Tudor Jones. He keeps a handwritten note hanging by his computer that says "Losers average losers." He does this to remind himself and his employees that when a postion moves against you, the right thing to do is to Get Out of the position, and not to add to a losing position! I actually printed this picture out years ago when I started trading, and I have it pinned to the wall in my office. If it is good enough for a billionaire trader like Jones, its good enough for a little guy like me!

Averaging up when short or averaging down when long is tempting. We start to think that the market just has to move our way, even if just a little bit, and by adding to the loser we might have a chance to get out at break even. Of course, the market doesn't have to do any such thing! Even an experienced trader who has earned Billions trading the markets, like Paul Tudor Jones, needs to remind himself not to do it. And if it is a good rule for him, it can only be a good rule for us.

Good Luck,

-DD
Attached Image
  • #9,979
  • Feb 16, 2010 7:55am Feb 16, 2010 7:55am
Ep @ 1.5668
Sl @ 1.5708
Tp @ 1.5622
Attached Image (click to enlarge)
Click to Enlarge Name: cablu short 1502.gif Size: 44 KB
  • #9,980
  • Feb 16, 2010 8:15am Feb 16, 2010 8:15am
Quoting ddaytrader
Averaging up (when short) and averaging down (when long) is a recipe for disaster.

If I may say, TAH, and please take this as a warning from a concerned friend and not as a harsh criticism, but you trade too much based upon what you think that the market MUST do. You need to discipline yourself to trade based upon what price is telling you.

You may be right on the ultimate direction of the GU, but the market could correct much higher from here before it moves in your favor. I hope that that is not the case and that you...
Hey, thanks DD! That is another good post by you, and just what I needed to hear.
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