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Sonic R. System

  • #13,961
  • Aug 2, 2010 10:38am Aug 2, 2010 10:38am
Quoting Basber
It can't hurt, But it's not effective either. It's not because I don't believe in praying, it's because there are always many other people who prays for price to go the opposite way. So even if it is effective, it will not work on this market. There is no balance that tell god "sellers are more or they pray more !!! so let's turn it down !!!" or anything else. You can do what even you believe in, But in my experience, it just makes you feel more depressed and exhausted.

The thing you can do with praying is BEFORE you take the trade, after that...
I second this, friend.
Follow my trading on Twitter and FB: @pumlitch
  • #13,962
  • Aug 2, 2010 11:58am Aug 2, 2010 11:58am
Quoting Basber
It can't hurt, But it's not effective either. It's not because I don't believe in praying, it's because there are always many other people who prays for price to go the opposite way. So even if it is effective, it will not work on this market. There is no balance that tell god "sellers are more or they pray more !!! so let's turn it down !!!" or anything else. You can do what even you believe in, But in my experience, it just makes you feel more depressed and exhausted.

The thing you can do with praying is BEFORE you take the trade, after that...
I'm with you all the way Basber. I never pray, I was just kidding. I just happen to like the smiley face prayer guy.

Although if I'm in a trade, and it starts to tank, I will scream at the monitor. That seems to help.
"Be the change that you wish to see in the world." --Gandhi
  • #13,963
  • Aug 2, 2010 12:05pm Aug 2, 2010 12:05pm
Quoting Wally1953
I'm with you all the way Basber. I never pray, I was just kidding. I just happen to like the smiley face prayer guy.

Although if I'm in a trade, and it starts to tank, I will scream at the monitor. That seems to help.
LOL !! I'm sure screeming will work, just don't do any damage

I just used you're post to say something in that category, it's not personal. BTW, I like that smiley too And I love this one much more : !!!

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #13,964
  • Aug 2, 2010 12:37pm Aug 2, 2010 12:37pm
Quoting Basber
It can't hurt, But it's not effective either. It's not because I don't believe in praying, it's because there are always many other people who prays for price to go the opposite way. So even if it is effective, it will not work on this market. There is no balance that tell god "sellers are more or they pray more !!! so let's turn it down !!!" or anything else. You can do what even you believe in, But in my experience, it just makes you feel more depressed and exhausted.

The thing you can do with praying is BEFORE you take the trade, after that...
Right on, Basber! Amen!
  • #13,965
  • Edited 1:29am Aug 3, 2010 12:57am | Edited 1:29am
EJ:

Will it drop, or not?
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  • #13,966
  • Aug 3, 2010 1:28am Aug 3, 2010 1:28am
UJ:

This trade from yesterday.....PA is back once again in the EP zone. The PA Wave is very tight. That could be better.
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  • #13,967
  • Aug 3, 2010 1:38am Aug 3, 2010 1:38am
EU:

This already made EP and broke out. Now doing a pull back upwards. Lets see what happens.

I am already in this from previous week, and alas with a much lower entry.
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  • #13,968
  • Aug 3, 2010 1:39am Aug 3, 2010 1:39am
Wondering if the price will hit my SL.
It is maybe better to wait until London open.
Attached Image (click to enlarge)
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EDIT: Hit
Follow my trading on Twitter and FB: @pumlitch
  • #13,969
  • Aug 3, 2010 1:44am Aug 3, 2010 1:44am
Hidden Bullish Divergance
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  • #13,970
  • Aug 3, 2010 1:51am Aug 3, 2010 1:51am
EJ:

The Frankfurt Open traders gave this a new "LH", and so we now have a higher SL and a higher EP. Still waiting....
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  • #13,971
  • Edited 2:02am Aug 3, 2010 1:51am | Edited 2:02am
POSTIGA: hmmm, I stopped paying attention on hidden divergence some time ago as I didn't find it very useful and I see now I should maybe care about.
Follow my trading on Twitter and FB: @pumlitch
  • #13,972
  • Edited 2:07am Aug 3, 2010 1:56am | Edited 2:07am
EU:

The Frankfurt Open traders destroyed that neat HL sequence. But after they got the price back to the highs, there was very heavy trading iniitiated, so it looks like this is just a whipsaw before a drop....the infamous "Frankfurt Head Fake".

Warning: Speculation!
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  • #13,973
  • Aug 3, 2010 2:16am Aug 3, 2010 2:16am
UJ:

Stopped out for a 25 pip loss.
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  • #13,974
  • Aug 3, 2010 2:19am Aug 3, 2010 2:19am
stop at breakeven

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"Be the change that you wish to see in the world." --Gandhi
  • #13,975
  • Edited 2:37am Aug 3, 2010 2:23am | Edited 2:37am
EJ Short Trade Initated:

Per attached pics.
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  • #13,976
  • Aug 3, 2010 2:30am Aug 3, 2010 2:30am
I just made 30 pips on GU
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Lose small, WIN BIG..
  • #13,977
  • Aug 3, 2010 2:37am Aug 3, 2010 2:37am
long EU too!

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"Be the change that you wish to see in the world." --Gandhi
  • #13,978
  • Aug 3, 2010 2:45am Aug 3, 2010 2:45am
GU Long. EU looks nice as well but one trade is enough for now.
Attached Image (click to enlarge)
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Follow my trading on Twitter and FB: @pumlitch
  • #13,979
  • Aug 3, 2010 4:05am Aug 3, 2010 4:05am
EJ:

We might be getting a second setup short on this one .......
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  • #13,980
  • Aug 3, 2010 6:32am Aug 3, 2010 6:32am
Both GU and EU trades stopped out at +55 and +52 pips. I moved my stop up under recent support on both pairs and was stopped out there.

Being awake to put on these trades at 1:30 a.m. was a fluke, but a lucky one.

I've seen these opportunities in the middle of the night quite often and wished I could take advantage of them.

So, my question to TAH and Basber is, would it be worth it for me to trade in two sessions, maybe 1 a.m. to 4 a.m., and 8 a.m. to 11 a.m. EST, or would you suggest different hours? I don't think TAH ever goes to bed!!

Thanks!
"Be the change that you wish to see in the world." --Gandhi
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