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Sonic R. System

  • #23,141
  • Jul 11, 2011 5:29am Jul 11, 2011 5:29am
Quoting traderathome
Originally Posted by sonicdeejay http://www.forexfactory.com/images/buttons/viewpost.gif
SL too tight IMHO...
Sonic


Originally Posted by traderathome http://www.forexfactory.com/images/buttons/viewpost.gif
Sonic, I was wondering about it being too close. However, the asian session is not noted for wide swings, is it? I mean, the few times there are wide swings, aren't they so wide that even liberal SLs fall victim?

Would you suggest above 1.0775? Or, just above the previous highest highs? What position area do you like?...[/quote]



AU:

With no response from Sonic, raised SL and went to bed. PA did nothing thru the London session. But, as Sonic has stated, Friday can be a SL hunting day. Look at the last few hours....Bear Channel....., as market forces still at work, move price higher and higher without opposition. The simultaneous declining volume is an indication that the move up is disingenuous, meaning the price increase is not a sign of buying interest, but rather pure price manipulation to get the price high, i.e., running stops, closing longs, acquiring shorts.....just the opposite of what people think when they see price rise.

Anyway, added to short EP2 short = 1.0758, which I consider a Sonic Scout. Not sure what I will do with SL over weekend....leave as-is, or remove it.

Edit: Add 2nd chart. Price has been worked up to next S&R area. EP3 short = 1.0778.[/quote]
AU:

12 pips profit on EP1 short = 1.0708, closed at 1.0692.
62 pips profit on EP2 short = 1.0758, closed at 1.0692.
82 pips profit on EP3 short = 1.0778, closed at 1.0692.

Tired of waiting for more.
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  • #23,142
  • Jul 11, 2011 5:30am Jul 11, 2011 5:30am
Quoting sonicdeejay
Told cha..

Trade safe fellas..
Sonic
Still waiting for gap to close, willing to add more if she drops more, very small positions thu....
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  • #23,143
  • Jul 11, 2011 5:38am Jul 11, 2011 5:38am
Quoting PipDizzle
Still waiting for gap to close, willing to add more if she drops more, very small positions thu....
This is Dangerous...

Inserted Video


Sonic
  • #23,144
  • Jul 11, 2011 5:57am Jul 11, 2011 5:57am
UChf:

Interesting PV story (price/volume) on M5. The first hour of the Frankfurt open, the hour before the London open, is boxed. You can see the price was driven down and then on heavy trading it came up again.....buying. You can also see that shortly afterwards, after the London open, the London BBs did the same......buying (tall green bar).

There is not much in the way of news until the US session tomorrow, but perhaps with the price low now, the BBs are preparing for a run upwards. It will be interesting to see what the price does after the US open today.

Anyway, I am looking to enter long if price drops into the 0.836x area.
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  • #23,145
  • Jul 11, 2011 6:05am Jul 11, 2011 6:05am
Looking the daily chart we have a triangle been broken down...the trend down could be confirmed with targets in 1.35xx 1.31xx...

Best Regards.
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"Being picky only cost your time - not MONEY"...Hans
  • #23,146
  • Jul 11, 2011 6:19am Jul 11, 2011 6:19am
Quoting traderathome
EJ:

Added last time for this run, at 117.21. EP average is 113.41.
EJ:

Finally!

23 pips average loss on this long running fiasco. Glad to be out of it.
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  • #23,147
  • Jul 11, 2011 6:36am Jul 11, 2011 6:36am
Quoting PipDizzle
Still waiting for gap to close, willing to add more if she drops more, very small positions thu....
As Paul Tudor Jones says,"Loser Average Losers." This is what Sonic means when he says that your plan is dangerous. Don't add to losing positions. Who wants to live in a sinking pyramid?

http://www.forexfactory.com/attachme...1&d=1310384091

As Sonic said, "trade safe." For me, this means "Pyramid your winners, close out your losers quickly for a small loss."


-ddaytrader
Attached Image
  • #23,148
  • Jul 11, 2011 6:45am Jul 11, 2011 6:45am
Quoting ddaytrader
As Paul Tudor Jones says,"Loser Average Losers." This is what Sonic means when he says that your plan is dangerous. Don't add to losing positions. Who wants to live in a sinking pyramid?

http://www.forexfactory.com/attachme...1&d=1310384091

As Sonic said, "trade safe." For me, this means "Pyramid your winners, close out your losers quickly for a small loss."


-ddaytrader
You guys are right but doesnt really hurt much when im trading .10 cents a pip on this trade, and anyways im just looking for the gap to close, might not be today or even this week but eventually, hopefully
  • #23,149
  • Jul 11, 2011 6:50am Jul 11, 2011 6:50am
Quoting traderathome
UChf:

Interesting PV story (price/volume) on M5. The first hour of the Frankfurt open, the hour before the London open, is boxed. You can see the price was driven down and then on heavy trading it came up again.....buying. You can also see that shortly afterwards, after the London open, the London BBs did the same......buying (tall green bar).

There is not much in the way of news until the US session tomorrow, but perhaps with the price low now, the BBs are preparing for a run upwards. It will be interesting to see what the price does after...
UChf:

London BBS moving price lower to hit long stops on whatever they can before the US BBs come to compete for the booty. On the basis of what looks to be stopping volume at these lows, I have entered EP long = 0.8361.

Price could still go lower. The US BBs have not yet arrived to do whatever they might decide to do.
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  • #23,150
  • Jul 11, 2011 6:52am Jul 11, 2011 6:52am
Quoting PipDizzle
You guys are right but doesnt really hurt much when im trading .10 cents a pip on this trade, and anyways im just looking for the gap to close, might not be today or even this week but eventually, hopefully
or hopefully this month, year, age...
you can wait forever

problem is not in .10 cents. problem is in psichology - if you are doing that with .10 cents, it is almost 100% warranty, that you will do that with 1000 usd
  • #23,151
  • Jul 11, 2011 6:59am Jul 11, 2011 6:59am
Quoting kimis
or hopefully this month, year, age...
you can wait forever

problem is not in .10 cents. problem is in psichology - if you are doing that with .10 cents, it is almost 100% warranty, that you will do that with 1000 usd
Very true but like I said its a gap trade, I dont usually trade Sunday night or Mondays but W.e. lets see what happens....
  • #23,152
  • Edited 7:18am Jul 11, 2011 7:01am | Edited 7:18am
after my small loss from the eu open ... puh I´m printing money- yess

I´m in profit with my eu short lady and my swissy works perfectly ...

don´t trade against enigma4x -

that is one of a new strategie: http://www.myfxbook.com/members/ABSH...h-paper/134686

scalper heaven. very hard riskmangement: weekly limit only 1.5%

trade not only fx

enjoy

http://www.myvideo.de/watch/7225084/Kelis_Trick_Me

enigma4x

@dn: u can forgive - if you are on the winning side
enjoy my life ... and ride the waves - all what I do
  • #23,153
  • Jul 11, 2011 7:41am Jul 11, 2011 7:41am
Quoting enigma4x
after my small loss from the eu open ... puh I´m printing money- yess

I´m in profit with my eu short lady and my swissy works perfectly ...

don´t trade against enigma4x -

that is one of a new strategie: http://www.myfxbook.com/members/ABSH...h-paper/134686

scalper heaven. very hard riskmangement: weekly limit only 1.5%

trade not only fx

enjoy

http://www.myvideo.de/watch/7225084/Kelis_Trick_Me

enigma4x

@dn: u can forgive - if you are on the winning side

you attitude still need to be qualitative polished my friend!

i dont have anything with you directly, you were just another annoyed forumist!maybe you too young and that's why you behave like this (that can be changed in time)

BUT, if you will have anything to say regarding trading and you will do that with respect for others, i bet you will be a great and respected trader in here! At least from my part!

BTW, i saw once a collegue who was behaving like you after he took few months only winners..and when he started to lose noone could recognize him while he was losing weight and his proud started to change in humiliation!

Maybe that can chill you a bit, we'l see!

cheers and happy trading

(im long euro 4030 - not sonic)

ps/ after a while will change the signature too
fokyou forexfactory
  • #23,154
  • Jul 11, 2011 7:49am Jul 11, 2011 7:49am
Quoting DNTme
you attitude still need to be qualitative polished my friend!

i dont have anything with you directly, you were just another annoyed forumist!maybe you too young and that's why you behave like this (that can be changed in time)

BUT, if you will have anything to say regarding trading and you will do that with respect for others, i bet you will be a great and respected trader in here! At least from my part!

BTW, i saw once a collegue who was behaving like you after he took few months only winners..and when he started to lose noone could...
come on man - peace

enigma4x is making love - no war anymore ...

Attached Image


enigma4x
enjoy my life ... and ride the waves - all what I do
  • #23,155
  • Jul 11, 2011 7:57am Jul 11, 2011 7:57am
Group Hug Guys
  • #23,156
  • Jul 11, 2011 8:21am Jul 11, 2011 8:21am
What a big drop today across major pairs. what a day
trade safe
  • #23,157
  • Jul 11, 2011 8:32am Jul 11, 2011 8:32am
Quoting zz_zhang
What a big drop today across major pairs. what a day

Don't u just feel like 2007 all over again?/

http://i2.cdn.turner.com/money/galle...rothers.la.jpg

Sonic
P,S I have taken profit from my Unit Trusts, Stocks.. holding none..
  • #23,158
  • Jul 11, 2011 9:23am Jul 11, 2011 9:23am
Quoting sonicdeejay
Don't u just feel like 2007 all over again?/

http://i2.cdn.turner.com/money/galle...rothers.la.jpg

Sonic
P,S I have taken profit from my Unit Trusts, Stocks.. holding none..
I got a feeling... that the shortist are LAUGHING OUT LOUD NOW
trade safe
  • #23,159
  • Jul 11, 2011 11:10am Jul 11, 2011 11:10am
Quoting sonicdeejay
Don't u just feel like 2007 all over again?/

http://i2.cdn.turner.com/money/galle...rothers.la.jpg

Sonic
P,S I have taken profit from my Unit Trusts, Stocks.. holding none..
lol. good one.
i still see es hitting 1375-1400 before a good crash imho.
  • #23,160
  • Jul 11, 2011 12:58pm Jul 11, 2011 12:58pm
Kimis,

Please check pm.
"The future is already written in the past"
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