I will try this one for the night... even if i know that SonicR works in London and Nex York session...but...i like to risk some!
EP 1.5409
SL 1.5460
TP 1.5332
EP 1.5409
SL 1.5460
TP 1.5332
- #10,202
- Feb 23, 2010 3:31pm Feb 23, 2010 3:31pm
- Joined Feb 2009 | Status: Trader | 1,292 Posts
just as promised some trades (demo): closed at avg. +40-50 for 5-6 different crosses..i was a bit disappointed by EU in the afternoon, shld have taken AU or NU ..anyway EU is the best indicator for AU,NU,UCAD,UCHF and crosses accordingly... JPY are a bit tricky to me but works fine as well..
i think with time we shld trade without any indicator...as it s just a 'simple' 123 breakout (waves) = or + fibo projection...
thnks again mate
You're Right, You Can Put Aside All The Indi's Because Waves Are The Bone Of This System. But I Experienced Dragon Tunnel And 89EMA Are The Ones I Want To Be With (Including NVO) Because They Filter Many False Signals.
I Believe You're Entry In EU Is Very Late And It's AFTER Price Made It's Move. We Shouldn't Take EVERY "High - Low - Lower High - Lower Low". In That Case , As You Said It's Just a 1-2-3 Pattern. But It's Not. We Are Just Filtering All Waves To Take The Safest Ones.
I Hope I Was Clear Enough
Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
- #10,203
- Feb 23, 2010 3:48pm Feb 23, 2010 3:48pm
- Joined Feb 2009 | Status: Trader | 1,292 Posts
Trading methods are designed to put the odds in our favor, not predicting.
- #10,204
- Feb 23, 2010 11:17pm Feb 23, 2010 11:17pm
- Joined Sep 2008 | Status: Trader | 2,298 Posts
Starting to see instead of just looking.
- #10,206
- Edited 2:22am Feb 24, 2010 1:34am | Edited 2:22am
- Joined Sep 2008 | Status: Trader | 2,298 Posts
Starting to see instead of just looking.
- #10,207
- Feb 24, 2010 2:28am Feb 24, 2010 2:28am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #10,210
- Feb 24, 2010 3:21am Feb 24, 2010 3:21am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
took 20 pips in seconds...
ALL OUT FOR 40 PIPS! NICEEEEE
- #10,212
- Feb 24, 2010 3:26am Feb 24, 2010 3:26am
I will try this one for the night... even if i know that SonicR works in London and Nex York session...but...i like to risk some!
EP 1.5409
SL 1.5460
TP 1.5332
I moved SL @ 1.5476 ... TAH what do you think about cable?
Regards,
DanPa
- #10,213
- Edited 3:51am Feb 24, 2010 3:49am | Edited 3:51am
- Joined Feb 2009 | Status: Trader | 1,292 Posts
I will try this one for the night... even if i know that SonicR works in London and Nex York session...but...i like to risk some!
EP 1.5409
SL 1.5460
TP 1.5332
) DP, Don't Over Trade. I Believe You're Becoming a Little Overconfident. I May Be Wrong. But Trading Have Three Aspects (I Was Talking About It With Rastaman !) :1) Trading System (And Trade Management)
2) Money Management (Low Risk , 1% - 3% For Beginners)
3) Psychology
If You Become Weak In One Of Them, You'll Fall. Be Careful.
my little wave on cad yen
ep 85.47
sl 85.74
tp 85.04
I Hope You Do Not Trade It On Real Untill You Master All Three Aspects That I've Mentioned.
Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
- #10,215
- Edited 4:35am Feb 24, 2010 4:01am | Edited 4:35am
- Joined Sep 2008 | Status: Trader | 2,298 Posts
Stopped out at 90.00
THIS WAS A GREAT LESSON.
The other day, I told DP to look left at the support and resistance areas before entering a trade. I took this live trade and did not even glance at the PPZ.
I got so caught up in price action on H4 and jumped into this trade because of what I saw on H4 after slightly confirming it with the wave on M15.
The wave was not that good but it was a valid wave I believe.
The entry was at the purple line at 90.35.
Actually, I am extremely relieved that I could pull the trigger on this trade, even though it was a loser. MM made sure I lost only 0.11% of my account.
I am treating this like falling off a horse, one must get back on it ASAP, but make sure ones feet are firmly in the stirrups and hold the reins tight.
I truly believe that in this first live trade, I got my SL hit.
It taught me a lesson, I shall never forget and in a strange manner, it could possibly be a good thing as a first win may be worse than a loss psychologically in the sense that it may make us throw money management out of the window. This way, MM is firmly kept in the picture.
Come on Rastaman.....Lively Up Yourself, Man!
I am off to find a better trade and pull the trigger on it ASAP.
PS: The H4 chart is shown only for the purpose that it easier to see the support & resistance area where this idiot went Long!
THIS WAS A GREAT LESSON.
The other day, I told DP to look left at the support and resistance areas before entering a trade. I took this live trade and did not even glance at the PPZ.
I got so caught up in price action on H4 and jumped into this trade because of what I saw on H4 after slightly confirming it with the wave on M15.
The wave was not that good but it was a valid wave I believe.
The entry was at the purple line at 90.35.
Actually, I am extremely relieved that I could pull the trigger on this trade, even though it was a loser. MM made sure I lost only 0.11% of my account.
I am treating this like falling off a horse, one must get back on it ASAP, but make sure ones feet are firmly in the stirrups and hold the reins tight.
I truly believe that in this first live trade, I got my SL hit.
It taught me a lesson, I shall never forget and in a strange manner, it could possibly be a good thing as a first win may be worse than a loss psychologically in the sense that it may make us throw money management out of the window. This way, MM is firmly kept in the picture.
Come on Rastaman.....Lively Up Yourself, Man!
I am off to find a better trade and pull the trigger on it ASAP.
PS: The H4 chart is shown only for the purpose that it easier to see the support & resistance area where this idiot went Long!
Starting to see instead of just looking.
- #10,219
- Feb 24, 2010 4:40am Feb 24, 2010 4:40am
- Joined Feb 2009 | Status: Trader | 1,292 Posts
Stopped out at 90.00
THIS WAS A GREAT LESSON.
.
.
.
I truly believe that in this first live trade, I got my SL hit.
It taught me a lesson, I shall never forget and in a strange manner, it could possibly be a good thing as a first win may be worse than a loss psychologically in the sense that it may make us throw money management out of the window. This way, MM is firmly kept in the picture.
Come on Rastaman.....Lively Up Yourself, Man!
I am off to find a better trade and pull the trigger on it ASAP.
Once I Started Trading Long Time Ago With Real Account, I Doubled My Account In One Week. Then The Result Was Burning My Account 4 Times Before I Decided To Do Something About It ! Because My Mind Had Been Told That I Can Be Profitable. I Threw Away MM And Actually I Was Gambling ...
I'm Proud The I Burnt My Account 4 Times !! I'd Lost Large Amount Of Money ... But It Really Worth It. I'm Happy Now
From Now On, You'll Experiece More Interesting Things Rastaman ... Just Note Your Experiences, So You Can Review Them Time To Time ...
Thank you Basber for your concern...
I am live... i trade based on SonicR and another system i have; if i dont fell the pain, i am not learning! i know me very well!
of course , in demo account i am always a winner, what i want to learn is trade live in harsh conditions!
So, here i found a very nice playground...and i enjoy!
Regards,
DanPa
ps: i an not overconfident, but when i enter a trade i do it with all my power!
Just Another One Tip, It May Not Contain You ... People Who Become Overconfident Or OverTrade, They Don't Believe They Are Doing It ... They Thing They Know Themselfs Very Good !
Even Very Very Experienced Traders Over React Some Times. It's Human Nature. You Can Avoid It. All You Can Do Is Be Aware Of It, So It Will Lose It's Power And You Can Control It Most Of The Time.
I Don't Know Myself Very Good, That's Why Every Time That I Want To Take a Trade, I'll Be Conscious About Myself As Much As I Can. Because If You Know Something The Best Way You Could, It's The End Of The Way ... There Is No Place For Getting Better. You Just Throw It Away And Think "I'm Good At That Point - Let's Move On To Other Things"
You May Or May Not Accept What I'm Telling You. It Doesn't Matter. Maybe I'm Wrong. As I Said, It's Just My Experience, It's Not Gods Rule !! LOL
P.S. : Ignore My Message If This Conditions Doesn't Concern You. Although I Believe It Contains Every Single Trader ...
Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
