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Sonic R. System

  • #12,021
  • Apr 20, 2010 9:51am Apr 20, 2010 9:51am
lets see which way market decides to go next.
  • #12,022
  • Apr 20, 2010 3:29pm Apr 20, 2010 3:29pm
So whats next EURJPY?
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  • #12,023
  • Apr 20, 2010 4:01pm Apr 20, 2010 4:01pm
Quoting traderathome
GU short trade:

EP = 1.5356
SL = 1.5406 (mental)
TP = open.... 1.500 this week a possibility, so flexible.
TAH, Please check your email.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #12,024
  • Apr 20, 2010 4:04pm Apr 20, 2010 4:04pm
Quoting PositivePiP
So whats next EURJPY?
Hey man, I'm in E/J
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cut losses short, let profits run.
  • #12,025
  • Apr 20, 2010 4:06pm Apr 20, 2010 4:06pm
Quoting PositivePiP
DanPa, you answered for my big question with your post.
As I am a newbie sonicr I always wondered how, you and the other ppl who trade this system successfully, filter their trades not to take the fake ones.
It seems that you take every opportunity according to the rules of the system so there is no need to have the "sixth sense" to filter the trades.
Hi PP,

You don't need six sense, neither you can filter all losing trade. Some of them are just losing trades. This business is about probablities.

Create your own journal. You can do it on a document on your computer. take a picture from chart when you took the trade, write the reason that made you take the trade, reason for your SL s and TPs , or how you manage your trade, take a picture from what happened next, don't make any conclusion on them. Just made your journal. after dozens of trades, when you review your trades, sometimes you find some certain common things that happened in your losing and winning trades. Note them. stick to what made you profit, and realize what factor you can have in mind that made you filter some of your losses.

Just my 2 cents

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #12,026
  • Apr 20, 2010 4:52pm Apr 20, 2010 4:52pm
Quoting Domas4
Hey man, I'm in E/J
EJ short:

Just joined in with you guys.....
EP = 125.08
SL = 125.40
TP = 124.50
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  • #12,027
  • Apr 20, 2010 5:07pm Apr 20, 2010 5:07pm
That makes three of us, TAH :]

But we should be cautious - it is Asia session afterall.

EDIT: I'll be more confident and will go to bed when I see new LL.
cut losses short, let profits run.
  • #12,028
  • Apr 20, 2010 5:13pm Apr 20, 2010 5:13pm
Quoting Domas4
That makes three of us, TAH :]

But we should be cautious - it is Asia session afterall.
Yeah, I hear you.....no going for 100+ pips on this one during the asian session I guess

Needed something to do while waiting for the speculators to pull the rug out from under GU
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  • #12,029
  • Apr 20, 2010 5:19pm Apr 20, 2010 5:19pm
That's it - that new LL made me happy. I'm off to bed.
cut losses short, let profits run.
  • #12,030
  • Edited 6:32pm Apr 20, 2010 5:49pm | Edited 6:32pm
GU....interesting situation:

PA remains in a consolidation range, but a SonicR short setup just formed. The thing is, the bottom of this range is sitting in an S&R area, which may be hard to break thru....

....or, maybe the better way to say it is that PA may not be allowed down thru the S&R area until the "appointed" time. If I were to take a guess, the London speculators have probably been assigned the job to pull the rug out from under this. Meanwhile, all the speculators are probably shorting as much as liquidity permits, without prematurely driving the price down.

Warning: Speculation!
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  • #12,031
  • Apr 20, 2010 6:29pm Apr 20, 2010 6:29pm
Quoting Basber
Hi PP,

You don't need six sense, neither you can filter all losing trade. Some of them are just losing trades. This business is about probablities.

Create your own journal. You can do it on a document on your computer. take a picture from chart when you took the trade, write the reason that made you take the trade, reason for your SL s and TPs , or how you manage your trade, take a picture from what happened next, don't make any conclusion on them. Just made your journal. after dozens of trades, when you review your trades, sometimes you find...

Thanks Basber! Definately will do it!
  • #12,032
  • Apr 20, 2010 8:10pm Apr 20, 2010 8:10pm
GU looks like it may be more like the time to look for Longs.

Just testing out this new platform after my broker screwed me over by changing their server setting to Japan time.

Looks pretty interesting but simple, custom time frames with as many days or hours as you like. Java so the orders get placed directly into the brokers server so, Trailing stops will work ever with the computer off, guaranteed stops, for a price.
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Starting to see instead of just looking.
  • #12,033
  • Edited 9:42pm Apr 20, 2010 8:31pm | Edited 9:42pm
Quoting Rastaman
GU looks like it may be more like the time to look for Longs.

Just testing out this new platform after my broker screwed me over by changing their server setting to Japan time.

Looks pretty interesting but simple, custom time frames with as many days or hours as you like. Java so the orders get placed directly into the brokers server so, Trailing stops will work ever with the computer off, guaranteed stops, for a price.
Really, Rastaman, what difference does it make if the broker's server is set to time in Japan? We don't need pivots, so we don't really care when a "day" starts. Actually, the only matter of time that is of any importance is when does the London and the US market open? That we can place on the chart no matter what the server time is based on. And the P4L clock is another way, too. Don't you think you over-reacted?
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  • #12,034
  • Edited 9:46pm Apr 20, 2010 9:36pm | Edited 9:46pm
Quoting traderathome
Really, Rastaman, what difference does it make if the broker's server is set to time in Japan? We don't need pivots, so we don't really care when a "day" starts. Actually, the only matter of time that is of any importance is when does the London and the US market open? That we can place on the chart no matter what the server time is based on. And the P4L clock is another way, too. Don't you think you over-reacted?

Not really, there are other circumstances, with this broker and not least is the fact that I can get the following fixed spreads.

USDJPY 0.9 pip, GBPJPY 4.0 pips, EURUSD 1.0 pip, EUJPY 1.9 pips, AUDJPY 3 pips.



EDIT: Question for T

What the hell is a daily Ladder, and a "One Touch"?
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Starting to see instead of just looking.
  • #12,035
  • Apr 20, 2010 9:53pm Apr 20, 2010 9:53pm
Quoting Rastaman
Not really, there are other circumstances, with this broker and not least is the fact that I can get the following fixed spreads.

USDJPY 0.9 pip, GBPJPY 4.0 pips, EURUSD 1.0 pip, EUJPY 1.9 pips, AUDJPY 3 pips.



EDIT: Question for T

What the hell is a daily Ladder, and a "One Touch"?
I have no idea, Rastaman. They sound like questions for your broker to answer. Who did you choose? Let us know the answers you get, and of what use they are, ok?
  • #12,036
  • Apr 20, 2010 9:55pm Apr 20, 2010 9:55pm
Quoting traderathome
I have no idea, Rastaman. They sound like questions for your broker to answer. Who did you choose? Let us know the answers you get, and of what use they are, ok?
Looks like one of my brokers trading platform,,, IGMarkets, there is a lot of craps that I not even dream about....
  • #12,037
  • Apr 20, 2010 10:00pm Apr 20, 2010 10:00pm
Quoting amlavor
Looks like one of my brokers trading platform,,, IGMarkets, there is a lot of craps that I not even dream about....

Yeah, I think it is the same. They are a member of the IG group it seems.


Hey. TAH were you not looking into getting a demo to trade some of this weird stuff?



Haven't chosen them yet but this place.

http://www.fxonline.co.jp/en/service/
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Starting to see instead of just looking.
  • #12,038
  • Apr 20, 2010 10:04pm Apr 20, 2010 10:04pm
Quoting amlavor
Looks like one of my brokers trading platform,,, IGMarkets, there is a lot of craps that I not even dream about....

You have any problems with them?
Starting to see instead of just looking.
  • #12,039
  • Apr 20, 2010 10:12pm Apr 20, 2010 10:12pm
now...sit on hands.....drinking cofee.....'morning!!!
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  • #12,040
  • Apr 20, 2010 10:19pm Apr 20, 2010 10:19pm
Quoting Rastaman
Yeah, I think it is the same. They are a member of the IG group it seems.


Hey. TAH were you not looking into getting a demo to trade some of this weird stuff?



Haven't chosen them yet but this place.

http://www.fxonline.co.jp/en/service/
I have been interested in futures, as ddaytrader mentioned. Have not moved on that yet, however.

Say, how do you like the GU chart. It is about a full session's worth of time that this baby has been "consolidating"! When she breaks out, it could be a good move.

BTW, don't you just 'love' the terms the speculators have coined over the years to make themselves look more sophisticated and legitimate.....like "consolidation"?! What it really means is......

"We manipulated the price to where we want it. And we are going to keep it there while we build our position ahead of our next big move of the price. How long? Well, that depends on how long it takes to get enough others on the wrong side of our trade, for us to have the size position we want!"

Yep, that's "consolidation"!
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