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Sonic R. System

  • #14,841
  • Oct 18, 2010 8:46am Oct 18, 2010 8:46am
Quoting odges
long EU per attached chart. let Mr.Market decide
I think you are going to like the new indys, Odges. The Shi Channel can be stopped at current candle, if you like. The NVO, when not showing below average bars, sits on bottom of window. And this allows CCI to overlay it nicely, for those that use it. And the Trend Line can be set to a higher TF (set to H1 in pic).
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: # 498.gif Size: 38 KB
  • #14,842
  • Oct 18, 2010 9:27am Oct 18, 2010 9:27am
Quoting traderathome
Entered long on these two last week. Today the asian session traders have hammered the prices down. So, I am taking advantage of this and adding to the long positions, per attached pics. Obviously, these are not SonicR re-entries.

The original trades were not managed well. EJ should have been closed when first reaching TP1. The GJ trade was entered outside of approved hours, and should never have been initiated. But having done so, it should have been closed Friday when nearing TP1 because Friday afternoons can be quite lackluster.
Hi guys:

I am new to FF, and just started follow these thread recently. I reveiwed the previous posts and found lots of great stuff and insight. great work, and well polished systems as well.

the question I wanna ask Traderathome is, why would you add to thoes lossing positions? it seems against the tread, and far early to call a reversal.

cheers

Oohyeah
  • #14,843
  • Oct 18, 2010 9:36am Oct 18, 2010 9:36am
Quoting odges
long EU per attached chart. let Mr.Market decide
Hi Odge:

seems great trade, I opened long position @1.3920 as well. would you keep this trade till the Asia section? if yes, which stop loss level you would use.

cheers
OOhyeah
  • #14,844
  • Edited 9:56am Oct 18, 2010 9:42am | Edited 9:56am
Quoting oohyeahsimon
Hi guys:

I am new to FF, and just started follow these thread recently. I reveiwed the previous posts and found lots of great stuff and insight. great work, and well polished systems as well.

the question I wanna ask Traderathome is, why would you add to thoes lossing positions? it seems against the tread, and far early to call a reversal.

cheers

Oohyeah
EJ and GJ were not good entries/trades, as I stated. Adding might help. EJ is, at this posting, now only about 25 pips below my average. It might go higher. GJ on the other hand, has not yet made any upwards move. PA on this one remains in area of previous lows from last week. I have just added again to this one. Eventually, it is likely to do a pull back upwards. Only time will tell.
Attached Image (click to enlarge)
Click to Enlarge Name: # 500.gif Size: 45 KB
  • #14,845
  • Oct 18, 2010 9:56am Oct 18, 2010 9:56am
Quoting traderathome
I think you are going to like the new indys, Odges. The Shi Channel can be stopped at current candle, if you like. The NVO, when not showing below average bars, sits on bottom of window. And this allows CCI to overlay it nicely, for those that use it. And the Trend Line can be set to a higher TF (set to H1 in pic).

Thanks TAH, definetly I will
Patience is the key.
  • #14,846
  • Oct 18, 2010 10:06am Oct 18, 2010 10:06am
Quoting oohyeahsimon
Hi Odge:

seems great trade, I opened long position @1.3920 as well. would you keep this trade till the Asia section? if yes, which stop loss level you would use.

cheers
OOhyeah

hi oohyeahsimon, I've moved SL@BE already (this is just my strategy) and yes, I'll keep this trade till PA reaches my [email protected], just few pips below FE162 line. If not, well...not this time
Patience is the key.
  • #14,847
  • Oct 18, 2010 10:16am Oct 18, 2010 10:16am
Quoting traderathome
EJ and GJ were not good entries/trades, as I stated. Adding might help. EJ is, at this posting, now only about 25 pips below my average. It might go higher. GJ on the other hand, has not yet made any upwards move. PA on this one remains in area of previous lows from last week. I have just added again to this one. Eventually, it is likely to do a pull back upwards. Only time will tell.
It seems eventually go your way, Great pick, it takes sound mental strenght to get this trade right.
I personally would not add to lossing position unless I have very solid reasons of technical analysis. Because if the PA goes my way, it will inflate my ego, which may cause damage to my account in the future.
  • #14,848
  • Oct 18, 2010 11:26am Oct 18, 2010 11:26am
Quoting traderathome
This could happen starting in the US session, maybe when the NYSE opens at 9:30am. Possible settings per pic.

Not a recommendation to trade. Make your own decisions, and.....

....Let the market decide. Trade what you see.
PA has triggered this long trade.
Attached Image (click to enlarge)
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  • #14,849
  • Oct 18, 2010 2:04pm Oct 18, 2010 2:04pm
Quoting traderathome
Entered long on these two last week. Today the asian session traders have hammered the prices down. So, I am taking advantage of this and adding to the long positions, per attached pics. Obviously, these are not SonicR re-entries.

The original trades were not managed well. EJ should have been closed when first reaching TP1. The GJ trade was entered outside of approved hours, and should never have been initiated. But having done so, it should have been closed Friday when nearing TP1 because Friday afternoons can be quite lackluster.
Just closed trade for miniscule profit.
Attached Image (click to enlarge)
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  • #14,850
  • Oct 18, 2010 4:59pm Oct 18, 2010 4:59pm
Quoting traderathome
PA has triggered this long trade.
in asian session already and not looking like a good trade. surely it touched ur 1st s/l.
  • #14,851
  • Edited 2:20am Oct 19, 2010 1:02am | Edited 2:20am
Quoting only20gp
in asian session already and not looking like a good trade. surely it touched ur 1st s/l.
If you have read my posts, you know my SLs are nearly always mental. In this case, too. (SLs are my weak point, but my trading is not suffering for it. Mainly because I trade light.)

I have added down here. Risky, not knowing if more drop is in store. But so far the half number is holding as support area.

Edit: London PPMs drove it further down. I added (2nd chart). Sooner or later, it will either reverse, or at least do a reasonable pullup.
Attached Image(s) (click to enlarge)
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  • #14,852
  • Edited 5:20am Oct 19, 2010 4:43am | Edited 5:20am
short setup triggered, just trade what I see

edit: SL hit
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 29 KB
Patience is the key.
  • #14,853
  • Oct 19, 2010 5:19am Oct 19, 2010 5:19am
Quoting Doncex
Tah I with you (gbp/jpy)

Good wave in 1h. Tf

I hope to see tomorow bulls steps in this pair.

Tp-130.84

gbpjpy hit stoploss.

takeprofit was too far
Attached Image (click to enlarge)
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  • #14,854
  • Oct 19, 2010 5:27am Oct 19, 2010 5:27am
Quoting odges
short setup triggered, just trade what I see

edit: SL hit
Hello ,me too...

Long EURUSD ?

The price are sideways, I guess we will have direction after the news
  • #14,855
  • Oct 19, 2010 5:41am Oct 19, 2010 5:41am
Quoting pipoca
Hello ,me too...

Long EURUSD ?

The price are sideways, I guess we will have direction after the news
Hi pipoca, no clear view for me so far.. I'll wait..
Patience is the key.
  • #14,856
  • Oct 19, 2010 8:21am Oct 19, 2010 8:21am
Hello everybody,looks like a good short wave- Eur/usd?

Tah what do you think about it?

Good wave in 1 H Tf,and good wave in 4 H. T.f.

On this pair Now I will waith only shorts setups
Attached Image (click to enlarge)
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  • #14,857
  • Oct 19, 2010 1:28pm Oct 19, 2010 1:28pm
GU Long Trade Update:

I am beginning to believe PA may be in the midst of a reversal from up to down. But I have added long one more time. There is increased activity as PA moved down today, so we may get one (last?) good bounce out of this. Now I will just have to wait and see what the market decides tomorrow and the next day.
Attached Image (click to enlarge)
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  • #14,858
  • Oct 19, 2010 2:18pm Oct 19, 2010 2:18pm
Quoting Doncex
Hello everybody,looks like a good short wave- Eur/usd?

Tah what do you think about it?

Good wave in 1 H Tf,and good wave in 4 H. T.f.

On this pair Now I will waith only shorts setups
Been out today, so please accept my apologies for late reply.

On the H4, both EU and GU are showing lower highs and lower lows now. These may be in reversal to down. Such times can be volatile. Both had a range breaking day. But the high ground may not so quickly be given up; we may see strong pullups, too.
Attached Image (click to enlarge)
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  • #14,859
  • Oct 19, 2010 4:08pm Oct 19, 2010 4:08pm
Thanks for comment Tah
  • #14,860
  • Edited 10:06am Oct 20, 2010 9:48am | Edited 10:06am
GU Long Trade Closed:

Finally, and with patience, PA came back up.....good pullback. Closed a bad trade with 26 pips profit.
Attached Image (click to enlarge)
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