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Sonic R. System

  • #10,361
  • Feb 26, 2010 11:13am Feb 26, 2010 11:13am
Quoting traderathome
EU:

Hey! Maybe they will torpedo it somewhat before the week is over! I see a nice tall bearish M15 candle now......

If they do, it will be like really rubbing "their" noses in it! "Their" meaning all the folks that got stopped out before the "market" decided to go south.....or should I say, got stopped out before the market REVEALED its decision to go south! Next week should be interesting.

TAH, based on your speculation, i am in EURUSD short right from the top !!!! (also in EUROYEN)

+60 pips and counting....i believe you are right !

I KNEEL THEM !
  • #10,362
  • Feb 26, 2010 11:18am Feb 26, 2010 11:18am
EU:

This PA is friggin' ridiculous. What did the Thieves of Wall Street decide.....to wait for the folks across the pond to go home before pulling the rug out from under it. All the big dogs had a part in running it up, stealing shorts from others by running their stops. Now, during LUNCH in NYC no less, the Theives of Wall Street are pulling the rug....for themselves and all the other big dogs that had a part in this GRAND MANIPULATION! And on a Friday! .....gotta love it!

Warning: Speculation!

The market decides. (Cute little phrase covering a LOT OF SINS.)
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  • #10,363
  • Feb 26, 2010 11:26am Feb 26, 2010 11:26am
EU:

Just look at the absence of trades! These bastards stole short positions from others running it up, and now, on practically NO trades, they are torpedoing it down.......securing some profits on the trades THEY STOLE FROM OTHERS! Warning: Speculation.

The market decides.........(I have another way of saying this, but won't)

Yeah, DanPa, me too around 1.3660.
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  • #10,364
  • Feb 26, 2010 11:33am Feb 26, 2010 11:33am
Quoting traderathome
EU:

Just look at the absence of trades! These bastards stole short positions from others running it up, and now, on practically NO trades, they are torpedoing it down.......securing some profits on the trades THEY STOLE FROM OTHERS!

The market decides.........(I have another way of saying this, but won't)

Yeah, DanPa, me too around 1.3660.
NICEEEEEE..bagged +60pips EU, +47 GU, +31 EY !!!!!!!!!!!!! WOWWWWW !!!!

- wasn*t involved SonicR here but ..hey...that doesn*t count!
  • #10,365
  • Feb 26, 2010 11:38am Feb 26, 2010 11:38am
Quoting DanPa
NICEEEEEE..bagged +60pips EU, +47 GU, +31 EY !!!!!!!!!!!!! WOWWWWW !!!!

- wasn*t involved SonicR here but ..hey...that doesn*t count!
You've had a "killer" week, DanPa! Congratulations!
  • #10,366
  • Feb 26, 2010 11:47am Feb 26, 2010 11:47am
http://www.wondercliparts.com/congra...graphics_2.gif
Quoting traderathome
You've had a "killer" week, DanPa! Congratulations!

THANK YOU ALSO ! THANK YOU ALL SONICR-ers !!!!

DANPA

(ps: by all, today i got 362 pips ! )
  • #10,367
  • Feb 26, 2010 1:01pm Feb 26, 2010 1:01pm
Traderathome...what IF today, until the closing bell, the price on EU will go down towards 1.3474 more then we expect (1.3544) ... ... would be that possible? Last quick move for big guys? Or i exaggerate ?

Regards,
DanPa
  • #10,368
  • Feb 26, 2010 1:30pm Feb 26, 2010 1:30pm
Quoting DanPa
Traderathome...what IF today, until the closing bell, the price on EU will go down towards 1.3474 more then we expect (1.3544) ... ... would be that possible? Last quick move for big guys? Or i exaggerate ?

Regards,
DanPa
I would think very unlikely. Being Friday, the big boys in NYC have probably already started leaving for the weekend. Unless some rogue firm somewhere (California?) hits it, it may do nothing much more now.
  • #10,369
  • Feb 26, 2010 1:47pm Feb 26, 2010 1:47pm
I am posting one of my trades 12 trades i tries 2 hit sl in two days (85% accuracy as a newbie) thats with the help of all sonikers incl sonic.
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  • #10,370
  • Edited 4:23pm Feb 26, 2010 2:48pm | Edited 4:23pm
Quoting ravin
I am posting one of my trades 12 trades i tries 2 hit sl in two days (85% accuracy as a newbie) thats with the help of all sonikers incl sonic.
i Will put stop loss hit charts next time to learn from the seniors so that all could learn including me
btw i mentioned earlier 12 trades i entered It should be 17 trades 2 hit stop loss 90% accuracy for a newbie. i happy at last. can anyone tell me with example how the calculate margin etc. i am using odlmarkets mt4 platform. i like their trading platform.i will appreciate anyone could advise what common charges they charge and how they calculate.
  • #10,371
  • Feb 26, 2010 5:11pm Feb 26, 2010 5:11pm
another classical
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  • #10,372
  • Edited 11:00pm Feb 26, 2010 8:35pm | Edited 11:00pm
Quoting ravin
i dont see any thing on my chart after saving it on indicator list
Ravin,

You have to right click on the charts and choose indicator list, then highlight the FFCAL indicator. click the EDIT button and under COMMON tab, you need to put a check in the ALLOW DLL IMPORTS. At the same time choose the VISUALIZATION tab and remove the check from the ALL TIME FRAMES box and choose which time frame you want it to display on.

Then it will display.
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Starting to see instead of just looking.
  • #10,373
  • Edited 10:25am Feb 27, 2010 4:06am | Edited 10:25am
Quoting Rastaman
Ravin,

You have to right click on the charts and choose indicator list, then highlight the FFCAL indicator. click the EDIT button and under COMMON tab, you need to put a check in the ALLOW DLL IMPORTS. At the same time choose the VISUALIZATION tab and remove the check from the ALL TIME FRAMES box and choose which time frame you want it to display on.

Then it will display.
Thanks Rasta, it works and awesome.....

Btw can someone tell me how the trail stop works, usually when i open up my trade i put a stoploss and takeprofit. eg. i see my position in profit in pips say 35+ what shud a safe trailstop without loosing my original 35 pips profit.

Thanks in advance
  • #10,374
  • Feb 27, 2010 3:22pm Feb 27, 2010 3:22pm
Quoting ravin
Thanks Rasta, it works and awesome.....

Btw can someone tell me how the trail stop works, usually when i open up my trade i put a stoploss and takeprofit. eg. i see my position in profit in pips say 35+ what shud a safe trailstop without loosing my original 35 pips profit.

Thanks in advance
Hi Ravin,

There is no solid rule for trailing your stops. I myself act differently on different circumstances. It depends on your and your personality.

I myself will took partial profit when it reaches about +30 to +40, then depends on the price movement, i will tighten my SL (change it manually) or putting it at breakeven if i see a good chance for price not to hit it !

By this way, you can have to second or third tp, and just revising your SL due to whatever tools you're comfortable with, such as supports & resistances, trend lines, moving averages, parabolic sar, etc. Then your TP will be when price hits your SL.

There is another way to trail it, and it's and automatic trail. I think all brokers provide it. By this option, you can put for example your trailing stop "30 points" after you reach +35, then your broker will trail your position by 30 pips. means in any case, if price turns 30 pips in your undesired bias, you'll get stopped out. I don't prefer this kind of trailing, because there is no logic behind it, and it's just some number for your trailing. I prefer to trail my SLs (If I want to trail them) manually.

But lowering your risk after some new resistances or supports forms, is a very good way to protect your capital.

Hope it helps.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #10,375
  • Feb 27, 2010 3:27pm Feb 27, 2010 3:27pm
Quoting mistersimple
another classical
Hi MisterSimple,

NVO indicated that there was a good volume at lows, and there is a good reason for price to pump up.

Just remember, CCI is not that important, It's just for "Confirming" your trade, not showing you the trade.

I'm going to talk to sonic about V4 ... with less indicators ...

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #10,376
  • Feb 27, 2010 11:24pm Feb 27, 2010 11:24pm
Quoting Basber
Hi Ravin,

There is no solid rule for trailing your stops. I myself act differently on different circumstances. It depends on your and your personality.

I myself will took partial profit when it reaches about +30 to +40, then depends on the price movement, i will tighten my SL (change it manually) or putting it at breakeven if i see a good chance for price not to hit it !

By this way, you can have to second or third tp, and just revising your SL due to whatever tools you're comfortable with, such as supports & resistances, trend lines, moving...
Thanks this will surely help me understand the trail stop placements.. happy trading in advance for tmrw
  • #10,377
  • Feb 28, 2010 1:49am Feb 28, 2010 1:49am
Quoting ravin
Thanks Rasta, it works and awesome.....

Btw can someone tell me how the trail stop works, usually when i open up my trade i put a stoploss and takeprofit. eg. i see my position in profit in pips say 35+ what shud a safe trailstop without loosing my original 35 pips profit.

Thanks in advance

The market is currently closed so you can't use the Trailing Stop function but, when you see open the trade in the bottom terminal, you just highlight it with the cursor and right click on it to bring up the Trailing stop option then set it to how many pips you want to trail the trade after the entry point. WATCH OUT on some 5 digit platforms as ODL has 5 digits and their trailing stop says 65 pips or points but if you set it to 65 points, that is actually only 6.5 pips.
I had a row with ODL Japan about this and did not go with them because of the confusing MT4 platform. I never really knew when it was 4 or 5 digits.
Anyway, if you set a 30 pips Trailing stop, the stop will move every 30 pips with price.
Starting to see instead of just looking.
  • #10,378
  • Edited 3:02am Feb 28, 2010 2:08am | Edited 3:02am
DD mentioned a while back that one of his favorite books is Reminiscences of a Stock Operator by Edwin Lefevre and even though it is about a stock trader, it is important for forex trading also.

Here it is if anyone wants to read it.

Looks like both Livermore and his wife were right off their heads but the money he made!


READ THIS FOLKS
I am sure many of us can identify with Jesse Livermore on this point.

---------------------------------------------------------------------------------
I came to New York at
the age of 21, bringing with me all I had, twenty-five hundred dollars.
I told you I had ten thousand dollars when I was twenty, and my margin on that Sugar deal was over ten thousand. But I didn't always win. My plan of trading was sound enough and won oftener than it lost. If I had stuck to it I'd have been right perhaps as often as seven out of ten times. In fact, I always made money when I was sure I was
right before I began. What beat me was not having brains enough to stick to my own game that is, to play the market only when I was satisfied that precedents favored my play.
There is a time for all things, but I didn't know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time.
No man can always have adequate reasons for buying or selling stocks daily or sufficient knowledge to make his play an
intelligent play.
Attached File(s)
File Type: pdf Reminiscences of a Stock Operator_By Edwin Lefevre.pdf   1.7 MB | 1,053 downloads
Starting to see instead of just looking.
  • #10,379
  • Feb 28, 2010 9:09am Feb 28, 2010 9:09am
Quoting Rastaman
The market is currently closed so you can't use the Trailing Stop function but, when you see open the trade in the bottom terminal, you just highlight it with the cursor and right click on it to bring up the Trailing stop option then set it to how many pips you want to trail the trade after the entry point. WATCH OUT on some 5 digit platforms as ODL has 5 digits and their trailing stop says 65 pips or points but if you set it to 65 points, that is actually only 6.5 pips.
I had a row with ODL Japan about this and did not go with them because of the...
Thanks Rasta, so helpful tip i will try with the demo..on monday
  • #10,380
  • Feb 28, 2010 10:25am Feb 28, 2010 10:25am
Sonic,

As per sonic rule for long position the wave analysis should confirm L H HL or for short entry it would be H L LH.

the attached graph does'nt indicate L,H,HL to long the trade. Does that mean we should not make entry although indicators give positive signal. Please clarify.

thanks
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