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Sonic R. System

  • #13,641
  • Jul 20, 2010 7:36am Jul 20, 2010 7:36am
Quoting Wally1953
long USDCHF, news coming out at 8:30, we'll see what happens with that!!Attachment

Yes Kumo, we missed some good trades. Seems like a lot of these big runners occur during London session. Might be worth getting up for daily.
I'm in that one too, but my SL is under the third wave. I hope we dont get caught in a reversal, after the other three pairs down move is spent.
  • #13,642
  • Jul 20, 2010 7:36am Jul 20, 2010 7:36am
Quoting Wally1953
long USDCHF, news coming out at 8:30, we'll see what happens with that!!Attachment
Be careful the price is just around strong SR level of 1,0540.
Follow my trading on Twitter and FB: @pumlitch
  • #13,643
  • Jul 20, 2010 7:39am Jul 20, 2010 7:39am
Quoting KumoDragon
I'm in that one too, but my SL is under the third wave. I hope we dont get caught in a reversal, after the other three pairs down move is spent.
I know I keep my stop loss probably too close, but it allows me to trade a larger size. If we can get above this double top, we should be okay.
"Be the change that you wish to see in the world." --Gandhi
  • #13,644
  • Jul 20, 2010 7:42am Jul 20, 2010 7:42am
Quoting Wally1953
I know I keep my stop loss probably too close, but it allows me to trade a larger size. If we can get above this double top, we should be okay.
I wasn't commenting on your SL, that is your choice and below a wave and an EMA isn't bad.

I chose mine because I like my stops to be 50 or over and just divide my risk by that.

50 just so they aren't taken out by every little movment.
  • #13,645
  • Jul 20, 2010 7:45am Jul 20, 2010 7:45am
UC probably wasn't that great of trade to begin with though, as the tunnel didn't have a great incline. I took it because the waves were damn near perfect.
  • #13,646
  • Jul 20, 2010 7:48am Jul 20, 2010 7:48am
Quoting KumoDragon
UC probably wasn't that great of trade to begin with though, as the tunnel didn't have a great incline. I took it because the waves were damn near perfect.
I'm out -24. What gives anyway??

I sure hope your stop holds.
"Be the change that you wish to see in the world." --Gandhi
  • #13,647
  • Edited 8:18am Jul 20, 2010 7:50am | Edited 8:18am
Quoting Wally1953
I'm out -24. What gives anyway??

I sure hope your stop holds.
I dont know crossed the second wave, thinking of just taking it out manually instead of taking my full hit.

The other three pairs had all the short move, which has to retrace at least a bit.

I noticed that EJ EU and GU generally move in the same direction and UC goes opposite.

.......... Ya, looks like we may have been caught in a USD retrace. I'm still in -11 pips right now.
  • #13,648
  • Edited 8:21am Jul 20, 2010 8:09am | Edited 8:21am
Quoting wh1zz0
Attachment


This is what I'm referring to. See how it shows 16, 77 (today's range is 77). Yestersay's range is not 16. So why does it show 16 is my question. Thanks
In Part_2 of the External Inputs window of the Market Panel Display Controller, the input "Display_5_Digits_Forex" must be changed to "true".

The "16" display is missing the 5th digit of "3"; it should be "163" and will be once you specify the proper digits display......your platform is a 5 digit platform, not a 4 digit platform. The indicator is, by default, set to display for a 4 digit forex platform.

Obviously, you have not read the user notes in the compile, which is something I seem to have to repeatedly ask people to do in order to avoid having to spend time on such questions.

PLEASE READ THE USER NOTES IN THE COMPILE!!!!!!!!
  • #13,649
  • Jul 20, 2010 8:24am Jul 20, 2010 8:24am
GU Short Trade Closed:

My short trade from yesterday was left running. Just closed it for 102 pips profit. The chart is the chart left over from the previous short trade on Friday.
Attached Image (click to enlarge)
Click to Enlarge Name: # 793.gif Size: 35 KB
  • #13,650
  • Jul 20, 2010 8:28am Jul 20, 2010 8:28am
EU Short Trade closed:

While I believe this to just be posturing for an eventual move down, I am tired of monitoring this trade. I just closed it out for miniscule profit.

Sometimes you just need a fresh start. I will look for a new setup tomorrow.
Attached Image (click to enlarge)
Click to Enlarge Name: # 794.gif Size: 33 KB
  • #13,651
  • Jul 20, 2010 8:31am Jul 20, 2010 8:31am
EU Short Trade Closed:

This is the chart of the trade since last week. I just closed it for 70 pips profit.

Like EU, this has gone too long and I feel like ending the relationship and starting fresh another time (perhaps tomorrow).
Attached Image (click to enlarge)
Click to Enlarge Name: # 795.gif Size: 39 KB
  • #13,652
  • Jul 20, 2010 8:33am Jul 20, 2010 8:33am
Quoting traderathome
In Part_2 of the External Inputs window of the Market Panel Display Controller, the input "Display_5_Digits_Forex" must be changed to "true".

The "16" display is missing the 5th digit of "3"; it should be "163" and will be once you specify the proper digits display......your platform is a 5 digit platform, not a 4 digit platform. The indicator is, by default, set to display for a 4 digit forex platform.

Obviously, you have not read the user notes in the compile, which is something I seem to have to repeatedly ask people to do in...
I am not an illiterate so you do not have to yell. The fact that I made a post here after trying should tell you that I had already read the compile note and in fact set it as 5 digit even before posting here. If you do not wish to say or are tired or something, it is better to say so rather than yelling or whatever. I have it set as 5 digits but it still shows me 16! If I'm bothering you then do not respond or say rather than make blind assumptions that I did not read the compile.

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 39 KB
  • #13,653
  • Jul 20, 2010 8:39am Jul 20, 2010 8:39am
Quoting traderathome
EU Short Trade Closed:

This is the chart of the trade since last week. I just closed it for 70 pips profit.

Like EU, this has gone too long and I feel like ending the relationship and starting fresh another time (perhaps tomorrow).

Hi,Sir

Could you upload your indis and templete?

Thanks
  • #13,654
  • Jul 20, 2010 8:43am Jul 20, 2010 8:43am
EU New Short Trade Initiated:

Don't say it. Yeah, I was going to wait for tomorrow. But PA is at a SR area (brown rectangle). And even though range ihas already exceeded the average, this is still a pivotal zone. Maybe the next move down won't happen until tomorrow, but since PA is now on the bearish side of the central pivot, I decided to get positioned now with what is considered a SonicR re-entry.
Attached Image (click to enlarge)
Click to Enlarge Name: # 796.gif Size: 35 KB
  • #13,655
  • Jul 20, 2010 8:45am Jul 20, 2010 8:45am
Quoting wh1zz0
I am not an illiterate so you do not have to yell. The fact that I made a post here after trying should tell you that I had already read the compile note and in fact set it as 5 digit even before posting here. If you do not wish to say or are tired or something, it is better to say so rather than yelling or whatever. I have it set as 5 digits but it still shows me 16! If I'm bothering you then do not respond or say rather than make blind assumptions that I did not read the compile.

Attachment
Ok, I will look into it. May take some time though. I apologize for "yelling."
  • #13,656
  • Jul 20, 2010 8:50am Jul 20, 2010 8:50am
Quoting traderathome
Ok, I will look into it. May take some time though. I apologize for "yelling."
Thank you.
  • #13,657
  • Jul 20, 2010 8:54am Jul 20, 2010 8:54am
My one trade for today -57 pip loss, long, on UC.

In hindsight I think I should have waited until after the news and for the tunnel to have more of in incline. It was pointed up for my long but just a a little. I took it because the waves looked good and the rest of the indicators lined up.

Also, EU, EJ and GU had already made large short moves and were likely to retrace long a bit. So ,by corrolation UC might go short.

Had I waited and not took it because the long didn't set up I could have caught the short that did set up on UC afterwards.
Attached Image (click to enlarge)
Click to Enlarge Name: ucj20loss.gif Size: 24 KB
  • #13,658
  • Edited 9:52am Jul 20, 2010 9:35am | Edited 9:52am
Here is an upgrade to the Market Panel Display Controller. It fixes the bug pointed out by Whizzo. Thanks, Whizzo.

Whizzo, this is set by default for 4 digits. Change to 5 digits and let me know if all is ok now.
Attached File(s)
File Type: mq4 Market Panel Display Controller (White).mq4   40 KB | 870 downloads
  • #13,659
  • Jul 20, 2010 9:47am Jul 20, 2010 9:47am
Quoting traderathome
Ok, I will look into it. May take some time though. I apologize for "yelling."
I use a 5 digit broker. And while I had the configuration in the input tab set to 5 digits (i.e the "Display_5_Digits_Forex" set to true and the "Platform_is_4_Digits" set to false), it still didn't work properly. So, I decided to try the reverse, lol and it worked. So the setting I currently have is :

Display_5_Digits_Forex = true
Platform_is_4_Digits = true (but in reality this is not true)


Anyway, now it works using the reverse input. Hope this helps anyone else having same issue.

Thanks for your time.
  • #13,660
  • Jul 20, 2010 10:10am Jul 20, 2010 10:10am
Quoting traderathome
Here is an upgrade to the Market Panel Display Controller. It fixes the bug pointed out by Whizzo. Thanks, Whizzo.

Whizzo, this is set by default for 4 digits. Change to 5 digits and let me know if all is ok now.
Ahh, you were even faster... Thanks works good.
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