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Sonic R. System

  • #12,441
  • May 12, 2010 1:28am May 12, 2010 1:28am
Quoting Basber
You are much ahead from many traders, because you know what's your weakness is. Knowledge is the first and strongest step to eliminate or reduce your weak points. You have that and you'll be on track ASAP. It took me 6 months to shift from BE to be profitable in long run ...

Write your weaknesses somewhere and put it in a place (stick it on your monitor, write it at your background, etc.) that you can see many times a day. that should help

Regards,
Basber
try to do that but sometimes still will break it.....
  • #12,442
  • May 12, 2010 2:43am May 12, 2010 2:43am
Quoting beachboy
try to do that but sometimes still will break it.....
Haven't you made any progress in past 2 months ?
Trading methods are designed to put the odds in our favor, not predicting.
  • #12,443
  • May 12, 2010 6:03am May 12, 2010 6:03am
Quoting beachboy
EU long
Attachment
You are really in the LONG mode,,,

Sonic
  • #12,444
  • May 12, 2010 6:19am May 12, 2010 6:19am
EU short order idea
EP 1.2652
SL 1.2701
TP1 1.2625 (33% pos.)
TP2 1.2573 (remaining pos.)
Maybe going to 1.2520

Is this setup a true sonic ?
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  • #12,445
  • May 12, 2010 6:36am May 12, 2010 6:36am
I remember reading somewhere that even a complete buffoon could make this strategy work. I was a bit insulted by that comment and so I have not tried it. Does it work, or do I have to learn it? Long or short Euro? Answers within 1 hour please I haven't got all day.
Gone to a better place
  • #12,446
  • May 12, 2010 6:41am May 12, 2010 6:41am
Quoting pipoca
EU short order idea
EP 1.2652
SL 1.2701
TP1 1.2625 (33% pos.)
TP2 1.2573 (remaining pos.)
Maybe going to 1.2520

Is this setup a true sonic ?
I hope so... that is what I was looking at... price seems to be in whipsaw though
  • #12,447
  • May 12, 2010 6:45am May 12, 2010 6:45am
Quoting smikester
I remember reading somewhere that even a complete buffoon could make this strategy work. I was a bit insulted by that comment and so I have not tried it. Does it work, or do I have to learn it? Long or short Euro? Answers within 1 hour please I haven't got all day.
Hope my post is on time. No, it doesn't work. Sorry, go search for a new one.
_________________________________________

My today's G/U trade, SL@BE:
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cut losses short, let profits run.
  • #12,448
  • May 12, 2010 6:52am May 12, 2010 6:52am
EJ short order, If this trade is triggered watch out 116.50/60, it today low

EDIT markets looks ranging : EMA 89 in the Dragon for EU, EJ & GU
Attached Image (click to enlarge)
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  • #12,449
  • May 12, 2010 7:20am May 12, 2010 7:20am
Quoting smikester
I remember reading somewhere that even a complete buffoon could make this strategy work. I was a bit insulted by that comment and so I have not tried it. Does it work, or do I have to learn it? Long or short Euro? Answers within 1 hour please I haven't got all day.
I suggest you spend sometime using this system and help us verify that statement by posting a follow-up reply, lets say within a month?

Pablo
  • #12,450
  • May 12, 2010 7:36am May 12, 2010 7:36am
Quoting smikester
I remember reading somewhere that even a complete buffoon could make this strategy work. I was a bit insulted by that comment and so I have not tried it. Does it work, or do I have to learn it? Long or short Euro? Answers within 1 hour please I haven't got all day.
This system doesn't work... We are all losing money, and we don't mind as we are too rich..

Sonic
  • #12,451
  • May 12, 2010 7:42am May 12, 2010 7:42am
Quoting sonicdeejay
This system doesn't work... We are all losing money, and we don't mind as we are too rich..

Sonic
Just kidding..

Do not judge a system with a trade or two,. Stick around..

Sonic
  • #12,452
  • Edited 9:11am May 12, 2010 8:51am | Edited 9:11am
EU & EJ short : trade open and both SL at BE now

Edit 1 both TP1 hit !

Edit 2 Closed both for a small profit, I think market are ranging, more Dow Jones looks strong
  • #12,453
  • May 12, 2010 11:12am May 12, 2010 11:12am
Quoting Domas4
My today's G/U trade, SL@BE:
G/U: TP2 closed manually at recent Low, coz of little Price activity to make new lows.
Trade closed, pips bagged, now rest.
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cut losses short, let profits run.
  • #12,454
  • May 12, 2010 1:57pm May 12, 2010 1:57pm
hi

i hve seem to new soonikers joins us i hope the new comers will study and practice strictly and do trading with the rule and consistency,,,i m around the threads but not as much post bcoz of short of time,,,

Muhammad
FxHome
  • #12,455
  • Edited 4:42pm May 12, 2010 3:54pm | Edited 4:42pm
EU:

Late Tuesday session PA looked like it might break upside of the Dragon. No such luck. Neither with EJ. Since then, both had tradeable moves down and back up. I keep the faith for a grander upside move. H4 shows how my upside bias reads it.

Edit: Mostly out of boredom, I have entered EU long. Target is about 100 pips away, but as this is the Asian session, if it gives 20-40 pips I'll be happy. Asian session trading is a no-no, and furthermore, I am using an experimental Dragon which is giving an earlier entry, so my trade size is miniscule.
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  • #12,456
  • Edited 10:06pm May 12, 2010 8:05pm | Edited 10:06pm
EU Potential Long Trade:

On attached M15 chart PA has made EP north, pulled back, then started a breakout. It was short lived, but the breakout candle is tall/bulllish. Currently price was just quickly pulled back into Dragon and popped quickly back out (buying imho).

We are two hours ahead of start of approved trading time, but PA is at EP north, and this may constitute an opportunity. Time will tell. I am in this already (see previous post).

Edit: With about an hour now before start of approved trading, a new WAVE may be forming. So far it is very distinct and second leg is a very orderly pullback leg. The breakout leg has not started yet (third chart).

Edit: Approved trading time has begun. Let's see if the market decides to run this up today (fourth chart).
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  • #12,457
  • May 13, 2010 10:20pm May 13, 2010 10:20pm
EU:

Well, one day later....EU did not go up, but down....just over 100 pips. Another illustration of the wisdom in waiting for approved trading hours before entering any trade.....or even forming any bias!
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  • #12,458
  • May 13, 2010 11:09pm May 13, 2010 11:09pm
EJ:

Both EJ and EU have moved south out of Dragon. I have entered EJ short.
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  • #12,459
  • May 13, 2010 11:18pm May 13, 2010 11:18pm
EU Pump down before move up ?
  • #12,460
  • May 14, 2010 1:05am May 14, 2010 1:05am
It's good to be back!

Today i took cable short ! let's see!
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