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Sonic R. System

  • #27,021
  • Sep 28, 2011 3:08am Sep 28, 2011 3:08am
Yep, Nando, it's late from my perspective as well.

The question is TPs? I'm trying to be not greedy so TP1 is marked on the chart. But what about TP2? What do you recommend?

Thanks!
  • #27,022
  • Sep 28, 2011 3:16am Sep 28, 2011 3:16am
Quoting phi1ipp
Morning Sonicers,

This's my today trade taken bit late
https://lh3.googleusercontent.com/-7...eu20110928.gif
is it your stoploss is larger than your TP ?
  • #27,023
  • Sep 28, 2011 3:19am Sep 28, 2011 3:19am
Quoting Notatui
is it your stoploss is larger than your TP ?
Yep. But that's because of the late entry. EP should be lower (~1.359) so the RRR will be 1.2:1
  • #27,024
  • Sep 28, 2011 4:26am Sep 28, 2011 4:26am
will see....
Attached Image (click to enlarge)
Click to Enlarge Name: usd chf short 0,89625 sl 0,89850 tp 0,8900.gif Size: 29 KB
  • #27,025
  • Sep 28, 2011 5:55am Sep 28, 2011 5:55am
Quoting Gloryrose
I will long 1.3516.
H1-MIN15-MIN5
I see 200 ma respectively at these level.
Not a bad plan, but you you need also to plan for the potential that price does not pullback to you limit entry - that is what SonicR helps us do - get in on strong moves. I see a SonicR long on the EU that could have grabbed you close to 100 pips ...

also I do not think you should be adding moving average to moving average. If you are going to trade Sonic, then trade SonicR - by all means use S/R and fibS/R, but stick to one trade plan.
Attached Image (click to enlarge)
Click to Enlarge Name: 20110928 EU long.jpg Size: 119 KB
  • #27,026
  • Sep 28, 2011 6:01am Sep 28, 2011 6:01am
Quoting phi1ipp
Morning Sonicers,

This's my today trade taken bit late
https://lh3.googleusercontent.com/-7...eu20110928.gif
TP1 hit +51 pips
https://lh3.googleusercontent.com/-E...eu20110928.gif
  • #27,027
  • Sep 28, 2011 6:02am Sep 28, 2011 6:02am
Quoting ddaytrader
Not a bad plan, but you you need also to plan for the potential that price does not pullback to you limit entry - that is what SonicR helps us do - get in on strong moves. I see a SonicR long on the EU that could have grabbed you close to 100 pips ...

also I do not think you should be adding moving average to moving average. If you are going to trade Sonic, then trade SonicR - by all means use S/R and fibS/R, but stick to one trade plan.
Thanks.I missed the trade.
  • #27,028
  • Sep 28, 2011 6:13am Sep 28, 2011 6:13am
Quoting Gloryrose
Thanks.I missed the trade.
You missed it because you were looking elsewhere. My suggestion while learning to trade is to use S/R to help with SL's and TP's, and focus on SonicR as your EP. Once you get SonicR down, you will then find it easier to do more advanced early entries if you wish. However, SonicR really is all that you need.
  • #27,029
  • Sep 28, 2011 6:47am Sep 28, 2011 6:47am
Last run up look shaky and sneaky..
Am waiting..

Sonic
  • #27,030
  • Sep 28, 2011 7:43am Sep 28, 2011 7:43am
If the EU price back to 1.359X region, I would look for long.
Waiting high vol down then bounce up.
Does it make sense?
Follow the smart money. Follow the probability.
  • #27,031
  • Sep 28, 2011 7:46am Sep 28, 2011 7:46am
Fail, Sl@Be, have to respect 0,8930 Suport zone
Attached Image (click to enlarge)
Click to Enlarge Name: usd chf short 0,89625 sl@be tp 0,8800 (failed sl@be).gif Size: 31 KB
  • #27,032
  • Sep 28, 2011 7:48am Sep 28, 2011 7:48am
Quoting ddaytrader
You missed it because you were looking elsewhere. My suggestion while learning to trade is to use S/R to help with SL's and TP's, and focus on SonicR as your EP. Once you get SonicR down, you will then find it easier to do more advanced early entries if you wish. However, SonicR really is all that you need.
Yes.You are right.I wait the wave.Right?
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 34 KB
  • #27,033
  • Sep 28, 2011 8:21am Sep 28, 2011 8:21am
I am in...for a short...CT trade..
1.361x looking support-ish...

Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: shi.gif Size: 80 KB
  • #27,034
  • Sep 28, 2011 8:27am Sep 28, 2011 8:27am
Quoting sonicdeejay
I am in...for a short...CT trade..
1.361x looking support-ish...

Sonic
Where is your TP and SL?
  • #27,035
  • Sep 28, 2011 8:36am Sep 28, 2011 8:36am
Quoting Gloryrose
Where is your TP and SL?
SL = red thin line..

Tp = green line..

I am doing hawky as it is consider CT...

Sonic
  • #27,036
  • Sep 28, 2011 8:47am Sep 28, 2011 8:47am
Quoting sonicdeejay
SL = red thin line..

Tp = green line..

I am doing hawky as it is consider CT...

Sonic
OK
  • #27,037
  • Sep 28, 2011 8:49am Sep 28, 2011 8:49am
This better not be a stopping vol..

Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: shi.gif Size: 79 KB
  • #27,038
  • Sep 28, 2011 8:52am Sep 28, 2011 8:52am
Quoting sonicdeejay
I am in...for a short...CT trade..
1.361x looking support-ish...

Sonic
took the opposite scalp

Cheers mate
aligater
born to speculate
  • #27,039
  • Sep 28, 2011 8:57am Sep 28, 2011 8:57am
Quoting sonicdeejay
This better not be a stopping vol..

Sonic
How to know that?
  • #27,040
  • Sep 28, 2011 9:23am Sep 28, 2011 9:23am
decisive moment,,,

closed for a few and SL fixed.
born to speculate
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