"Being picky only cost your time - not MONEY"...Hans
- #25,302
- Aug 23, 2011 7:25am Aug 23, 2011 7:25am
- | Joined Jan 2011 | Status: my blog www.ijhas.blogspot.com | 1,038 Posts
Some stopping vol seen...
My daughter fav track at the moment..
http://www.youtube.com/watch?v=qMxX-QOV9tI&ob=av2e
Sonic
punishment bad homesales..
aligater
BTW nice track..
born to speculate
nando, did you catch the EU Down Party instead ??
Only a Scout can catch it in this case.
But use it with your own risk.
I entried in counter trend but I close my profit only 10 pips, when the pa seems bounce at 1.4445.
I had bad experience in counter EU, so I was chicken out. It's my bad.
Comments are welcome using this 5min SonicR...
- #25,309
- Aug 23, 2011 7:58am Aug 23, 2011 7:58am
- | Joined Nov 2007 | Status: Trader | 1,157 Posts
If you want to catch counter trend. I watched in 5m, SonicR could work well.
But use it with your own risk.
I entried in counter trend but I close my profit only 10 pips, when the pa seems bounce at 1.4445.
I had bad experience in counter EU, so I was chicken out. It's my bad.
Comments are welcome using this 5min SonicR...
Did you chicken out because you did not have a SL ??
Coz cannot see any SL in your chart.
Your M5 Short Entry looks good for SonicR Classic Short, just that you did not hold it long enough for profit.
My preference is to not look and not trade on M5, but look at M15 and trade M15 instead.
I took 2 Scouts on E/U Short M15 around 1.4473, SL 30pips, both hit TP.
One hit TP +30pips, second hit TP +50pips.
I did not see this Scout as Counter Trend, reason is recent weeks it is the US session that is dominating and providing the real big moves.
See it as US session give new main trends recently.
I have more trades hitting SL during Asia & London sessions than US session recently.
Just figure out yourself what you did wrong last time on counter trend E/U.
Best is still to go with the main trend, hard part is to figure out where is main trend at times.
Forget about your bad experience about counter trend E/U, that was an old trade.
Every trade is a New trade, and every trade is an independent trade, meaning not dependent and not linked to your old trade.
- #25,310
- Aug 23, 2011 7:59am Aug 23, 2011 7:59am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Why did you chicken out ??
Did you chicken out because you did not have a SL ??
Coz cannot see any SL in your chart.
Your M5 Short Entry looks good for SonicR Classic Short, just that you did not hold it long enough for profit.
My preference is to not look and not trade on M5, but look at M15 and trade M15 instead.
I took 2 Scouts on E/U Short M15 around 1.4473, SL 30pips, both hit TP.
One hit TP +30pips, second hit TP +50pips.
I did not see this Scout as Counter Trend, reason is recent weeks it is the US session that is dominating and...
My preference the same as you at 15m but I use 5m in counter trend only.
I watched SR at 1.445x if PA break strong I will move stoploss to BE. This one made me chicken out.
My histories in counter trend at EU have a bad statistic success, less then 50% I believe. And that's before I use sonicR, lately I watched in 5m looks good but I rarely use it. Maybe later after I have confidence in counter trend
Thank you for your input, I will learn it.
Ussually I search wave using classic SonicR 15m around 2 hour before US market open until one hour before London close.
- #25,313
- Aug 23, 2011 8:27am Aug 23, 2011 8:27am
- | Commercial User | Joined Mar 2008 | 9,075 Posts | Online Now
yep no short yet
punishment bad homesales..
aligater
BTW nice track..
Stopping vol.. refer to the downslide might be limited for this case..
I was saying potential Long...
Sonic
- #25,317
- Aug 23, 2011 10:39am Aug 23, 2011 10:39am
sometimes you do the dumbest things. I need someone to smack me.
yet alone see price
"The future is already written in the past"
- #25,318
- Aug 23, 2011 1:09pm Aug 23, 2011 1:09pm
- | Joined Jan 2010 | Status: Trader | 1,354 Posts
"Being picky only cost your time - not MONEY"...Hans
- #25,319
- Aug 23, 2011 1:17pm Aug 23, 2011 1:17pm
Maybe you should get a cleaner chart so you can focus on price,
yet alone see price
oh trust me I see price. When you hve 4 charts open of different time frames on on each pair you are trading. (I love esignal). No.. it is called CLICKING THE WRONG PAIR INTO A TRADE. LOL
