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Sonic R. System

  • #22,001
  • Jun 21, 2011 2:42pm Jun 21, 2011 2:42pm
Quoting traderathome
I think Domas4 said once that he worked for a bank. If so, the next time he drops in, perhaps he can give us some useable insite regardng the euro and forex trading the current situation in general.
Sadly, I cannot comment much on fundamentals. I am technical trader and fundamentals would only create unnecessary bias for me. Hence, SonicR is a technical system.
cut losses short, let profits run.
  • #22,002
  • Jun 21, 2011 2:52pm Jun 21, 2011 2:52pm
Quoting traderathome
You know what they say about "hope" as regards trading.....Forget it!
Spot on TAH! My new favorite quotes about this subject: "Hope dies last... just before a margin call" and "Don't believe, react!"
cut losses short, let profits run.
  • #22,003
  • Jun 21, 2011 3:03pm Jun 21, 2011 3:03pm
Quoting Yojimbo
Hi TAH

I just wanted to ask you to what extent fundamentals like that influence your daily trading. I mean reading your last post about the big boys trying to prepare a massive selling of the Euro kinda makes me nervous to get on to that train on time. Then again, don't you think one can tell just by the looking at the chart when the rock has started to roll (I mean a seasoned trader like you, I couldn't discern it from a retracement anyway...)? And if you can just by looking at the chart aren't then fundis irrelevant when it comes to taking a...
Only in my opinion now.....

Fundamentals play a role. But trying to predict based on fundamentals is like a dog chasing its tail. Big money in the market has profits to protect, and money enough to sometimes actually move the market, or start a move that picks up momentum....to make or save profits. No fundamentals at play when that happens. But surely some fundamentals come into play at times, such as when the tsunami hit Japan. For an "instant" the yen powered up.....big money thinking Japan might need to repatriate the yen (make it scarce) to help rebuild. That fear was short lived and the yen suddenly weakened more than before....central banks stepping in to control pricing.

Or, maybe this is all about just one fundamental always at work......the greed of Big Money. They won't tolerate some unforseen calamity causing a surprise move against them. They will manipulate and politic their profits back. So, maybe the market moves are all just up....down....sideways.....whatever the biggest money wants, in order to make daily, weekly, monthly profit targets.

Is it any wonder some traders turn off the TV and radio, insulate themselves from all the deceptions and lies out there, .....and just trade based on technicals, acknowledging news events only as times of possible high volatility and paying no attention whatsoever to what the bullshit "news" actually is?
  • #22,004
  • Jun 21, 2011 3:18pm Jun 21, 2011 3:18pm
UJ:

The "dog" that hardly ever moves.......

......interesting!
Attached Image (click to enlarge)
Click to Enlarge Name: # june 21, 2011 - 271.gif Size: 34 KB
  • #22,005
  • Jun 21, 2011 3:35pm Jun 21, 2011 3:35pm
Where can I find the instructions on how to use SonicR latest system ? I just downloaded mt4's from fxcm and fxdd so now hopefully im on the same page now
  • #22,006
  • Jun 21, 2011 3:44pm Jun 21, 2011 3:44pm
PipDizzle, it's in the first post of this thread.
cut losses short, let profits run.
  • #22,007
  • Jun 21, 2011 3:47pm Jun 21, 2011 3:47pm
Quoting Domas4
PipDizzle, it's in the first post of this thread.
Looks different but ok, TY
  • #22,008
  • Jun 21, 2011 3:49pm Jun 21, 2011 3:49pm
Well, if you are searching for the latest template here it is. The rules are still the same as in the first post.
cut losses short, let profits run.
  • #22,009
  • Jun 21, 2011 3:55pm Jun 21, 2011 3:55pm
Why do the charts show different from each ( fxcm and fxdd ) ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: fxcm eur.jpg Size: 108 KB
Click to Enlarge Name: fxdd eur.gif Size: 47 KB
  • #22,010
  • Jun 21, 2011 4:02pm Jun 21, 2011 4:02pm
Different brokers provide different amount of tick data causing volume indicators show different levels of activity.
cut losses short, let profits run.
  • #22,011
  • Jun 21, 2011 4:34pm Jun 21, 2011 4:34pm
Now I know theres something wrong here
Top chart is from FXCM and bottom FXDD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: fxcm eur.gif Size: 44 KB
Click to Enlarge Name: fxdd eur.gif Size: 46 KB
  • #22,012
  • Jun 21, 2011 4:49pm Jun 21, 2011 4:49pm
Quoting PipDizzle
Now I know theres something wrong here
Top chart is from FXCM and bottom FXDD
As Domas4 said, different brokers = different tic data and volume = different prices and different pivots. Furthermore, their days could start at different times....a new day starting with one, and the current day still with the other.
  • #22,013
  • Edited 5:04pm Jun 21, 2011 4:49pm | Edited 5:04pm
Quoting PipDizzle
Now I know theres something wrong here
Top chart is from FXCM and bottom FXDD
As Domas4 said, different brokers = different tic data = different OHLC data and volume = different prices and different pivots. Furthermore, their days could start at different times....a new day starting with one, and the current day still with the other.
  • #22,014
  • Jun 21, 2011 5:08pm Jun 21, 2011 5:08pm
EU:

Ops, I think Sonic is gunna be pissed. This is starting off like another day that the asian session picks up the ball and runs with it,......starting with a wee bitty 70+ pips whipsaw!
Attached Image (click to enlarge)
Click to Enlarge Name: # june 21, 2011 - 272.gif Size: 32 KB
  • #22,015
  • Jun 21, 2011 5:09pm Jun 21, 2011 5:09pm
I just stopped by, to thank TAH for his great contribution with coding and templates!!
Wish you zillion of pips!!
j.
  • #22,016
  • Jun 21, 2011 5:47pm Jun 21, 2011 5:47pm
Quoting hansma
End of divergence discussion
Gents,,

I gotta repeat time and time again..

Divergence show nothing but the slowing down of prevailing trend,, So, it doesn't totally mean the trend change is on the card, the mkt may range/slow for a while and may resume its course again..

It shouldn't be a trade decision, unless u want to try out with SS. SS means no doubling down, not so wide SL and watch like vulture..


Gd morning,,

Sonic
  • #22,017
  • Jun 21, 2011 5:52pm Jun 21, 2011 5:52pm
Quoting traderathome
EU:

Ops, I think Sonic is gunna be pissed. This is starting off like another day that the asian session picks up the ball and runs with it,......starting with a wee bitty 70+ pips whipsaw!
I am not p1ss as I m not bull nor bear, I trade as what mkt throw at me, rather than anticipation much..

In fact, it is rather a new trade opportunity in a making.. But sorry, Asian session no trade..

Good morning grandpa..

Sonic
  • #22,018
  • Edited 6:40pm Jun 21, 2011 6:12pm | Edited 6:40pm
Quoting Sunbrella
Congrats Enigma, glad to hear that. This is a stat of my mirror-trading from the last week (although not make much sense to publish I think, it is useless so first and last time )
thanks man first full automated executions ... these dukas copy coding is so hard to understand ...

blah . we will se what happens.

peace.

only for testing

enigma4x

p.s. delete this stat it is useless for sonicers. keep in touch with dukas ea coding - I donīt know how it will end.

edit 4 usdchf trades was manuell added ... just for fun ...
enjoy my life ... and ride the waves - all what I do
  • #22,019
  • Jun 21, 2011 6:57pm Jun 21, 2011 6:57pm
Could account for sluggishness of USD??
  • #22,020
  • Jun 21, 2011 7:13pm Jun 21, 2011 7:13pm
Quoting cardinale
Could account for sluggishness of USD??
1 thing for sure.. It gonna cause 1 hella movve..

Sonic
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