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Sonic R. System

  • #13,021
  • Edited 2:44am Jun 28, 2010 2:08am | Edited 2:44am
EU Watch, Long Trade Update:

The second of two senarios has not yet triggered. We have not had a run higher. It is now London Open time and it seems late to expect a mild run up, then a 100 pip run down, and finally a 130+ pip run back up before the day is over. It could happen, but just a begrudging climb up from lows is becoming more probable as time progresses.

However it goes, I have again raised the TPs, as upside is looking more likely than downside to me at this point.

I was hoping for a deeper pullback. Even without first the opportunity to close another 30% and then re-enter lower, I still have the 30% closed on Friday to re-enter. But I want PA down to the lower quarter number before I go in with it. I am ready if PA does get pushed down there.
Attached Image (click to enlarge)
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  • #13,022
  • Jun 28, 2010 3:50am Jun 28, 2010 3:50am
EU Watch, Short Trade Initiated:

PA may go down afterall to the quarter number, maybe even a bit lower. So I entered short on the last pullup. This trade is small. If PA reaches the quarter number, this trade will be closed and the long trade will be added to.
Attached Image (click to enlarge)
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  • #13,023
  • Jun 28, 2010 5:42am Jun 28, 2010 5:42am
Here's my trade. Not a big volume, but here it goes ...

Will move SL to BE if price reaches the round number 110.00

Regards,
Basber
Attached Image (click to enlarge)
Click to Enlarge Name: 084a (entry).gif Size: 36 KB
Trading methods are designed to put the odds in our favor, not predicting.
  • #13,024
  • Jun 28, 2010 6:00am Jun 28, 2010 6:00am
HI,

I think E/U long H1


Start: 1.2325
Stop: 1.2300

My TP1 1.2350

Attached Image (click to enlarge)
Click to Enlarge Name: eu long h1.gif Size: 18 KB
A small profit is better than a big minus...
  • #13,025
  • Edited 8:08am Jun 28, 2010 7:54am | Edited 8:08am
You guys know the colours right..Win or lose it doesnt matter..Let it hit my stoploss or give me profit..

Any opinion or critics would be appreciated..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uj.gif Size: 33 KB
Click to Enlarge Name: gu.gif Size: 28 KB
  • #13,026
  • Jun 28, 2010 8:57am Jun 28, 2010 8:57am
Quoting traderathome
EU Watch, Short Trade Initiated:

PA may go down afterall to the quarter number, maybe even a bit lower. So I entered short on the last pullup. This trade is small. If PA reaches the quarter number, this trade will be closed and the long trade will be added to.
EU short trade TP reached. Trade closed for 48 pips profit.
Attached Image (click to enlarge)
Click to Enlarge Name: # 558.gif Size: 33 KB
  • #13,027
  • Jun 28, 2010 9:01am Jun 28, 2010 9:01am
Quoting traderathome
EU short trade TP reached. Trade closed for 48 pips profit.
Thats a good one TAH.
  • #13,028
  • Edited 9:12am Jun 28, 2010 9:01am | Edited 9:12am
Quoting traderathome
EU Watch, Long Trade Update:

The second of two senarios has not yet triggered. We have not had a run higher. It is now London Open time and it seems late to expect a mild run up, then a 100 pip run down, and finally a 130+ pip run back up before the day is over. It could happen, but just a begrudging climb up from lows is becoming more probable as time progresses.

However it goes, I have again raised the TPs, as upside is looking more likely than downside to me at this point.

I was hoping for a deeper pullback. Even without first the opportunity...
EU Long Trade Update:

Added to trade on this pullback. Maybe now we'll get the climb to the target.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # 559.gif Size: 36 KB
Click to Enlarge Name: # 560.gif Size: 34 KB
  • #13,029
  • Jun 28, 2010 6:10pm Jun 28, 2010 6:10pm
Quoting Basber
Here's my trade. Not a big volume, but here it goes ...

Will move SL to BE if price reaches the round number 110.00

Regards,
Basber
TP hit, +75 pips.

Regards,
Basber
Attached Image (click to enlarge)
Click to Enlarge Name: 084b (tp hit).gif Size: 37 KB
Trading methods are designed to put the odds in our favor, not predicting.
  • #13,030
  • Jun 28, 2010 6:12pm Jun 28, 2010 6:12pm
Quoting tulis
HI,

I think E/U long H1


Start: 1.2325
Stop: 1.2300

My TP1 1.2350

Hi Tulis,

What made you "think" EU long ? Was there any sonicR setup ? or anything else ?

Wait for a proper place to enter the market ...

Even if you're TP would've been hit, that doesn't make it a good entry, unless you have a method that you work with and it approves your entry.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #13,031
  • Jun 28, 2010 6:22pm Jun 28, 2010 6:22pm
Quoting khairul81
You guys know the colours right..Win or lose it doesnt matter..Let it hit my stoploss or give me profit..

Any opinion or critics would be appreciated..
Hi there,

Entering a trade is a very important task, and here you made good entries. But the thing I think you should work on more, is you're TP. For example, your TP for UJ is very smaller, and it's better to have more than 1:1 Rewards/Risk ratio with SonicR (My Opinion ..), So it's better to take the most possible profit out of market.

Believe me or not, making good decisions to exit the trade is much more difficult than enteting it.

Just my 2 cents

Good trades by the way

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #13,032
  • Jun 29, 2010 4:01am Jun 29, 2010 4:01am
EU Watch, Long Trade Update:

Basber's words to tulis keep ringing in my ear, "What made you "think" EU long ? Was there any sonicR setup ? or anything else ?"

Last session, while in the long trade, I took a short trade also. With my thinking biased long (Where is my gun so I can shoot myself?) I closed out the short trade......way too early! This session, the asian, eruo, and London traders have all conspired against my long trade, driving the price lower, lower, lower! (I've spent more time lowering stop losses than anything else )

So, I am still in the long trade, down a good 100 pips. Sure, there was notable increase in activity at the lows, but the US session is yet to come. And if they smell blood, there is no telling how far lower they might take it!

Yep, there go Basber's words again, ringing in my ear, "Believe me or not, making good decisions to exit the trade is much more difficult than entering it." I should have been out of the long trade yesterday when I entered the short trade!
Attached Image (click to enlarge)
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  • #13,033
  • Jun 29, 2010 7:40am Jun 29, 2010 7:40am
Win or lose..lets see
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uj buy.gif Size: 27 KB
Click to Enlarge Name: gu buy.gif Size: 26 KB
  • #13,034
  • Edited 8:04am Jun 29, 2010 7:53am | Edited 8:04am
Quoting khairul81
Win or lose..lets see
UJ stop out..entered too early in a ct..

GU currently up 24 pips.stops at breakeven at TS 15 pips.

Update stop out at 25 pips..
  • #13,035
  • Jun 29, 2010 9:03am Jun 29, 2010 9:03am
Did anybody get the gap out from the 2 pairs?? Hit my tps..sorry no pic..
  • #13,036
  • Jun 29, 2010 12:26pm Jun 29, 2010 12:26pm
EU Watch:

The first chart shows that the US session drive down today solicited the most concentrated activity since the US session drive up four days ago. Just opinion, but maybe a solid base is now identified.

I am going to add to my long trade down here. The second chart shows an FR study. I am watching to see the extent of the pullback now, to decide where to enter.
Attached Image(s) (click to enlarge)
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  • #13,037
  • Edited 2:36pm Jun 29, 2010 12:55pm | Edited 2:36pm
EU Long Trade Addition:

Added at the FR 38% retace level (one pip above) as it looks like a base for activity just prior to the last phase of the drive down. I really don't expect PA to close this today at the TP (blue). If it does, ok. But if it doesn't go that high, then the new day asian session might hold PA from going higher, as those traders build positions down here. In which case, this trade will then be added to the exisitng long trade chart. The chart shows in yellow, an S&R area, which the asian traders may take it to (then PA may do another pullback). This will become my TP for the asian session tomorrow, if today it does not hit the TP.
Attached Image (click to enlarge)
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  • #13,038
  • Jun 29, 2010 1:26pm Jun 29, 2010 1:26pm
EU Watch:

This H4 chart shows an FR study and the recent PA about the FR 50% retrace area (yellow area). It shows a currently effective S&R area (black line). And it shows what might be forecasting a good run up on this longer TF chart; possible position building at the extreme lows (tan area). It also shows a bulllish H4 candle in the black rectangle.
Attached Image (click to enlarge)
Click to Enlarge Name: # 566.gif Size: 32 KB
  • #13,039
  • Jun 29, 2010 8:42pm Jun 29, 2010 8:42pm
EU Watch:

Here are new session pivots, based on GMT+3 (FXDD).

From the looks of it, the asian session has put in it's low. But that does not mean the euro session will not take another stab at driving it back down to either of these two recent lows.

If the asian session has put in the lows for the day, then the 1.2300 whole number is a viable target; a psycological number and just within the upper range limit if the current low area holds up. It is also in the area of S&R (gray bar) as well as pivot mR2.
Attached Image (click to enlarge)
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  • #13,040
  • Jun 29, 2010 10:20pm Jun 29, 2010 10:20pm
Quoting traderathome
EU Watch:

Here are new session pivots, based on GMT+3 (FXDD).

From the looks of it, the asian session has put in it's low. But that does not mean the euro session will not take another stab at driving it back down to either of these two recent lows.

If the asian session has put in the lows for the day, then the 1.2300 whole number is a viable target; a psycological number and just within the upper range limit if the current low area holds up. It is also in the area of S&R (gray bar) as well as pivot mR2.

The fundmentals today is not good too, maybe like yesterday.

Shanghai, Hong Kong, Tokyo Index is down like yesterday.

After europe and NY opens, the stock may give pressure to EU too.

What do you think?
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