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Sonic R. System

  • #11,401
  • Mar 30, 2010 1:57am Mar 30, 2010 1:57am
Hi,

I took this trade today (just closed). I was not sure if on the H4 EU was going bullish or bearish still? Hmm was this trade along the trend or counter trand?

Thank you for reply. I attach my trade.

Anyway it gave me 29pips

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Sooner or later, those who win are those who think they can.
  • #11,402
  • Mar 30, 2010 4:09am Mar 30, 2010 4:09am
Quoting Domas4
U/J: Let's do this thang!
U/J: Oh man, price missed TP2 by a few pips and took me out at Break EVEN.
MARKET HAS DECIDED

Inserted Video
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cut losses short, let profits run.
  • #11,403
  • Mar 30, 2010 4:20am Mar 30, 2010 4:20am
Quoting Domas4
U/J: Oh man, price missed TP2 by a few pips and took me out at Break EVEN.
MARKET HAS DECIDED
Sorry for your TP2 Domas...;i swore that i will never ever enter UY..is too slow and make some strange moves in unexpected time!

i took out UY from my list... even if i keep it on my charts because of crosspairs...

regards,
DanPa
  • #11,404
  • Mar 30, 2010 4:27am Mar 30, 2010 4:27am
Well, it moves pretty fast when Japanese are trading it
cut losses short, let profits run.
  • #11,405
  • Mar 30, 2010 4:27am Mar 30, 2010 4:27am
What do you think about this short trade
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A small profit is better than a big minus...
  • #11,406
  • Mar 30, 2010 5:30am Mar 30, 2010 5:30am
Quoting tulis
What do you think about this short trade
i would have waited for another pullup through TRO dragon and would have placed my EP 10 pips below Low....Thats just my opinion...Good luck with your trade
  • #11,407
  • Mar 30, 2010 6:49am Mar 30, 2010 6:49am
Quoting pug123
Hi,

I took this trade today (just closed). I was not sure if on the H4 EU was going bullish or bearish still? Hmm was this trade along the trend or counter trand?

Thank you for reply. I attach my trade.

Anyway it gave me 29pips

Attachment
looks you missed the EP around 3485 though anyways profit is a profit Enjoy
  • #11,408
  • Mar 30, 2010 8:14am Mar 30, 2010 8:14am
EU short trade possibility:

GU looks to be creating a Bear Channel, forecasting a drop. EU is much closer to a short setup. If GU drops, so might EU.
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  • #11,409
  • Mar 30, 2010 8:36am Mar 30, 2010 8:36am
Is this a setup ?? http://www.forexfactory.com/attachme...1&d=1269956134
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  • #11,410
  • Mar 30, 2010 8:38am Mar 30, 2010 8:38am
EU Short Trade:

Even with more news within half hour, I have entered short trade with TP at next lower whole number.
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  • #11,411
  • Mar 30, 2010 8:50am Mar 30, 2010 8:50am
Hello anyone,

Which money management seems better with this strategy:

closing 1 lot at a specific point and let the other run or

run with the trend until stop?

Thanks.
  • #11,412
  • Mar 30, 2010 8:52am Mar 30, 2010 8:52am
Quoting watchout4me
Hello anyone,

Which money management seems better with this strategy:

closing 1 lot at a specific point and let the other run or

run with the trend until stop?

Thanks.
It is never a question of which money management seems better with a strategy. It is always a matter of what is best to do soley considering the current PA environment. And only you can decide that for yourself.

Take the time to read thru many posts. You will see different ways different traders handle this matter under different situations. Overall, many leave some running after TP1, but bring SL to BE+ on that portion remaining in the trade.
  • #11,413
  • Mar 30, 2010 9:29am Mar 30, 2010 9:29am
Quoting ravin
looks you missed the EP around 3485 though anyways profit is a profit Enjoy
Hehe thank Ravin I'm on demo now traying this strategy. Anyway I have started 17h march and have only one loss Stupid UJ yesterday grrrr

I'll try live in 1-2 week with some small $$$. BTW how many of you guys trade live?
Sooner or later, those who win are those who think they can.
  • #11,414
  • Mar 30, 2010 9:33am Mar 30, 2010 9:33am
Hello,

What the best for managing a trade ?

If the trade is open :

1) let it go to TP1 or SL ignoring what PA is doing (let the market decide)

2) try to "micro-manage" the trade, and if PA goes against me, try to close before SL or at BE.

Remark : I took GU long just before the news, but PA during and following the news make me afraid and I brought SL to EP. I was stopped at BE. But PA reached previous TP1 and TP2 after 1 hour without touching first SL

EP 1.5057
SL 1.5027
TP1 1.5090 (most of my trade come with a RR around 1 for TP1)
TP2 1.5110
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  • #11,415
  • Mar 30, 2010 10:18am Mar 30, 2010 10:18am
EU Short Trade Closed:

TP reached.
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  • #11,416
  • Mar 30, 2010 11:36am Mar 30, 2010 11:36am
Quoting traderathome
EU Short Trade Closed:

TP reached.

WELL done TAH!
i was in the same trade ... but unable to testify because i have some family reunion and celebrations....

also in the morning i took GU long for about 80 pips (from 4997)..

About money management, when i took a trade and i enter with 2 lots, i usually took out 1 lot for 20 pips ( i am paying myself for that trade ), half from another lot @ TP1 with SL BE..and let it run. I never use trailling stop...but that is just me!

Hope that helps guys...and this is just my startegy ..maybe it is not an good one , but hey...

Regards,
DanPa


PS; what do you think guys to show here our trades with lot size and mm LIVE? with picture? just a thought
  • #11,417
  • Mar 30, 2010 2:14pm Mar 30, 2010 2:14pm
DanPa, this trade is for you not to loose hope in JPY pairs
And just as traderathome I took E/U short. These were live call
trades in the Lithuanian SonicR forum. Overall +117 pips.
http://www.traders.lt/forums.php?m=p...&n=last#bottom
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cut losses short, let profits run.
  • #11,418
  • Mar 30, 2010 2:34pm Mar 30, 2010 2:34pm
Quoting Domas4
DanPa, this trade is for you not to loose hope in JPY pairs
And just as traderathome I took E/U short. These were live call
trades in the Lithuanian SonicR forum. Overall +117 pips.
http://www.traders.lt/forums.php?m=p...&n=last#bottom
Domas4, that is a very nice looking forum which you have set up. Congratulations!
  • #11,419
  • Mar 30, 2010 2:47pm Mar 30, 2010 2:47pm
Thanks TAH :]
cut losses short, let profits run.
  • #11,420
  • Mar 30, 2010 7:07pm Mar 30, 2010 7:07pm
EJ Short Trade Possibility:

First of all, please understand that this forecast is VERY preliminary. Chart shows already the sequence of lower H/Ls. The immediate sequence of candles could go higher, but the last high was 9 pips higher than whole number, so there is room without negating the sequence. EP for short is marked RED, but ongoing PA could create a higher EP. Exit TP is marked BLUE, and based on avg. range down from current high area. All this is quite preliminary....EP, TP, etc. But we do have a good sequence of lower H/Ls. Let's see if the sequence holds as the session proceeds.
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