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Sonic R. System

  • #24,801
  • Aug 11, 2011 9:53am Aug 11, 2011 9:53am
Quoting PipDizzle
I sold at 1.4200
why?
"Being picky only cost your time - not MONEY"...Hans
  • #24,802
  • Aug 11, 2011 10:06am Aug 11, 2011 10:06am
Quoting nando_rich
Sorry mate...

I told you...
Nando, nothing to be sorry for. But thanks. Sometimes, when PA finishes a run it reverses multiple times, and sometimes it does not. My entry was after a pullback on the pullback from yesterday's run! That's two pullbacks I waited thru before entering about smack dab in the London session. The fact that the Market decided to execute yet another big pullback does not invalidate my entry. Only the SL is important. And, I have moved it to stay in the trade because I see the current PA as a run on stops. And, if that is the case, a good downside move will come.

One cannot predict the Markets gyrations. Period. If you believe in a trade, stay with it. That is my opinion.
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  • #24,803
  • Aug 11, 2011 10:14am Aug 11, 2011 10:14am
Quoting traderathome
Nando, nothing to be sorry for. But thanks. Sometimes, when PA finishes a run it reverses multiple times, and sometimes it does not. My entry was after a pullback on the pullback from yesterday's run! That's two pullbacks I waited thru before entering about smack dab in the London session. The fact that the Market decided to execute yet another big pullback does not invalidate my entry. Only the SL is important. And, I have moved it to stay in the trade because I see the current PA as a run on stops. And, if that is the case, a good downside...
I undertand you...

Let me see if 1.6228 hold...

If not i'd get out of the trade...in your case.

Regards.
Attached Image (click to enlarge)
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"Being picky only cost your time - not MONEY"...Hans
  • #24,804
  • Aug 11, 2011 10:14am Aug 11, 2011 10:14am
Quoting nando_rich
why?
Just being stupid
  • #24,805
  • Aug 11, 2011 10:15am Aug 11, 2011 10:15am
Quoting alrightfrank
heres what i did:

-right click the fib button then click customize, a double panel will appear
-look for fibonacci extension and add it to the right panel then exit
-execute the fib ext to the screen, then right click, click the "object list"
-look for the fib ext, then click the edit button on the top right of the panel
-then put or add hans, nando, or tah's settings on the left "level" and
"description " pane.

more or less thats it...
It has turned out, thanks you huge... Here I also wanted to hear it from other participants
  • #24,806
  • Aug 11, 2011 10:19am Aug 11, 2011 10:19am
Quoting PipDizzle
Just being stupid
It's not the question...

I ask you witch motives you had to sell 1.42xx

It's not important if you was right or not...the important thing is to have a trading plan...and respect it.


Regards.
"Being picky only cost your time - not MONEY"...Hans
  • #24,807
  • Aug 11, 2011 10:25am Aug 11, 2011 10:25am
Quoting nando_rich
It's not the question...

I ask you witch motives you had to sell 1.42xx

It's not important if you was right or not...the important thing is to have a trading plan...and respect it.


Regards.
Your right, I didnt have a trading plan on that trade, just really thought it was going to bounce off of 1.42, like I said , Just being Stupid....
  • #24,808
  • Aug 11, 2011 10:26am Aug 11, 2011 10:26am
Quoting traderathome
GU:

Upped SL, just in case. GU and EU are swinging widely in range today, but their trend is down.
Edit: Upped SL again (3rd chart), to avoid being taken out by what I perceive as a run on stops.
GU:

Added short, EP = 1.6204.
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  • #24,809
  • Aug 11, 2011 10:28am Aug 11, 2011 10:28am
Quoting traderathome
I have cancelled the SL on this trade! I am tired of this SL bullshit! I don't think I can trade successfully with a SL, not unless I set it a few hundred pips away, which is what I might start doing. Each time I set a SL, I feel I am putting a big red circle on my trade, for the Market to target. And based on results, they hit it pretty good! When I enter a trade, it is because I believe in it. If I am right, I will make money. If I am wrong, I will lose money. But, at least I get to decide when to close the trade, based on "current events",...
EU:

Added short, EP = 1.4244.
Attached Image (click to enlarge)
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  • #24,810
  • Aug 11, 2011 10:45am Aug 11, 2011 10:45am
Quoting nando_rich
It's not the question...

I ask you witch motives you had to sell 1.42xx

It's not important if you was right or not...the important thing is to have a trading plan...and respect it.


Regards.
I knew PipDizzle motives maybe , coz I almost did the same thing.

Why I want to sell :
1. Check the leg in my pictures show a bearish move when the price break below dragon (#Leg 3) but in this case price bounce up again.
2. The candles show whick seems there are strong resistance at 1.4236
3. To get the better EP, so sell before the price break dragon tunnel

This ones likely happen during European time, looks a good time to sell but price move up or looks a good time to buy but the price go down.

any comment, please?
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  • #24,811
  • Aug 11, 2011 10:46am Aug 11, 2011 10:46am
Quoting traderathome
GU:

Added short, EP = 1.6204.

I agree that they may be on a stophunt move right now - I see a target of 1.6243 for this move upwards. Maybe BB ( Big Bear) is hiding there. But in my opinion you had a great opportunity to long until that area Sonic wise. Had you used the setup Nando showed you, you would now be at tp1 with SL at breakeven.
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"The future is already written in the past"
  • #24,812
  • Aug 11, 2011 10:57am Aug 11, 2011 10:57am
Quoting nando_rich
WOW...

and...where did it stop??
hi nando. is that an indi showing base c and the RSI is set to what parameter.
"Taking Responsibility is The Cornerstone of A Winning Attitude"
  • #24,813
  • Edited 11:52am Aug 11, 2011 11:13am | Edited 11:52am
Quoting samuelngugi
hi nando. is that an indi showing base c and the RSI is set to what parameter.
1. it's not an indi...it's the MT4 FIBONACCI EXPANSION TOOL....OR FE FIBO-TOOL.

2. it's not RSI it's a RSX of 8 periods.

Sorry but i think i answered 40 times about the fibo-tool in the latest days.
"Being picky only cost your time - not MONEY"...Hans
  • #24,814
  • Aug 11, 2011 11:17am Aug 11, 2011 11:17am
Quoting nando_rich
1. it's not an indi...it's the MT4 FIBONACCI EXPANSION TOOL....OR FE FIBO-TOOL.

2. it's not RSI it's an RSX of 8 periods.

Sorry but i think i answered 40 times about the fibo-tool in the latest days.


"Sorry but i think i answered 40 times about the fibo-tool in the latest days." -

Nando, keep it up! You'll be President of the club soon.
  • #24,815
  • Aug 11, 2011 11:21am Aug 11, 2011 11:21am
Hello traders,

I have entered usdcad short as per sonicr system rules.Please comment on the entry is correct ? or any correction will be helpful

regards
Kumar
Attached Image (click to enlarge)
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Dragon the best Indicator
  • #24,816
  • Aug 11, 2011 11:21am Aug 11, 2011 11:21am
Quoting nando_rich
1. it's not an indi...it's the MT4 FIBONACCI EXPANSION TOOL....OR FE FIBO-TOOL.

2. it's not RSI it's an RSX of 8 periods.

Sorry but i think i answered 40 times about the fibo-tool in the latest days.

Hi Nando.


What is the RSX indicator ???

Sorry couldnīt help my self - gotta leave for dinner

Regards,
H.
"The future is already written in the past"
  • #24,817
  • Aug 11, 2011 11:42am Aug 11, 2011 11:42am
Quoting traderathome
UJ:

Long, EP = 76.84.
UJ:

Still expecting upside on this. Cancelled SL when I did the same on EU. Later, as with EU, I reinstated SL, but more distanced.

Added long, EP = 76.63.
Attached Image (click to enlarge)
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  • #24,818
  • Aug 11, 2011 11:50am Aug 11, 2011 11:50am
Quoting traderathome
"Sorry but i think i answered 40 times about the fibo-tool in the latest days." -

Nando, keep it up! You'll be President of the club soon.
Quoting hansma
Hi Nando.


What is the RSX indicator ???

Sorry couldnīt help my self - gotta leave for dinner

Regards,
H.

I love the humor of the thread ....

Tonight I'm going to dinner salad of fibo-tool with RSX...

Does anyone tell me where I can find the indis?

Regards.
"Being picky only cost your time - not MONEY"...Hans
  • #24,819
  • Aug 11, 2011 11:57am Aug 11, 2011 11:57am
Quoting mg_vinodkuma
Hello traders,

I have entered usdcad short as per sonicr system rules.Please comment on the entry is correct ? or any correction will be helpful

regards
Kumar
Kumar, by SonicR rules,.....at least several pips beyond end of exiting candle (but be cautious if more than 20 pips out from edge of Dragon), the top black line would have been EP.

By conservative standards (set by Basber),.....wait for ranging PA to clear significant HLs, the bottom black line would have been EP.

You are in the middle, so who is to argue.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: # aug 11, 2011 - 110.gif Size: 37 KB
  • #24,820
  • Aug 11, 2011 12:02pm Aug 11, 2011 12:02pm
Quoting nando_rich
I love the humor of the thread ....

Tonight I'm going to dinner salad of fibo-tool with RSX...

Does anyone tell me where I can find the indis?

Regards.
" Does anyone tell me where I can find the indis?" - Nando

Sure, no problem. Read the first post, and everything linked therein. Also, read the twenty thousand "key" posts in the thread. They are in there somewhere.
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