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Sonic R. System

  • #27,981
  • Edited 7:55am Nov 11, 2011 6:32am | Edited 7:55am
Vote on state budget 2012 in Portugal, will be sooner.

The Works to close debate has already begun.




Link directo Parlamento:http://sicnoticias.sapo.pt/directosi...a-generalidade



Sonikers attention ...
  • #27,982
  • Nov 11, 2011 6:53am Nov 11, 2011 6:53am
Quoting hunter101
Here is a great book. By the greatest investor of all time, who said FU to Goldman Sachs board while bringing a hooker inside the meeting! Hes not out there writing philosophy books or telling people to get better. He makes one tough so that all emotion and 'feelings' will be disperse when it comes to trading. The way he trades is 'i dont feel that there will be movement or when ill place a trade' its more like, if this does this and that does that, then this trade is good. 20% per year for 20 years and the biggest hedge fund says allot. His words...
Thanks for sharing


Quoting jfarodrigues
Vote on state budget 2012 in Portugal, will be sooner.

The Works to close debate has already begun.




Link directo Parlamento:http://sicnoticias.sapo.pt/directosi...iz-mota-soares.



Sonikers attention ...

Thanks for the heads up

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #27,983
  • Nov 11, 2011 6:56am Nov 11, 2011 6:56am
Quoting pipphunter
yes..very boring day indeed, played some long on EU, no much to grap...weekend start now..
Friday and US Bank OFF day..
Do not take many risk..

http://1.bp.blogspot.com/_oxvL1Eumc9...+beer+girl.jpg

Chill

Sonic
  • #27,984
  • Nov 11, 2011 6:56am Nov 11, 2011 6:56am
Quoting hunter101
Here is a great book. By the greatest investor of all time, who said FU to Goldman Sachs board while bringing a hooker inside the meeting! Hes not out there writing philosophy books or telling people to get better. He makes one tough so that all emotion and 'feelings' will be disperse when it comes to trading. The way he trades is 'i dont feel that there will be movement or when ill place a trade' its more like, if this does this and that does that, then this trade is good. 20% per year for 20 years and the biggest hedge fund says allot. His words...

Thx for sharing..

Sonic
  • #27,985
  • Nov 11, 2011 8:20am Nov 11, 2011 8:20am
Hi everyone!
The market is a little slow today. Perhaps due to bank holiday in the US, perhaps because today is 11/11/11. This is a special day for the universe. Day of many mantras like Gayatri. Blessings to all. Shanti

OM BHOOR BHUWAH SWAHA,
TAT SAVITUR VARENYAM
BHARGO DEVASAYA DHEEMAHI
DHIYO YO NAHA PRACHODAYAT
  • #27,986
  • Nov 11, 2011 9:27am Nov 11, 2011 9:27am
You were right Mavricos there is your big surprise (EU) you were expecting but was it in the direction you were expecting?
  • #27,987
  • Nov 11, 2011 9:38am Nov 11, 2011 9:38am
Look what happened (EU)
Sonic can you please explain concerning volume how that affected the spike on EU.
Considering that liquidity was 14% less than average (according to Forex Factory Market Page bottom left hand corner - graph) at the start of the spike and London was at lunch and the French Banks + Canadian Banks + USA banks are all on holiday.

If volume is so critical I must ask how can this happen?

Thanks
Elvis
  • #27,988
  • Nov 11, 2011 10:05am Nov 11, 2011 10:05am
Quoting Elvis_r
Look what happened (EU)
Sonic can you please explain concerning volume how that affected the spike on EU.
Considering that liquidity was 14% less than average (according to Forex Factory Market Page bottom left hand corner - graph) at the start of the spike and London was at lunch and the French Banks + Canadian Banks + USA banks are all on holiday.

If volume is so critical I must ask how can this happen?

Thanks
Elvis
I'm not sonic, but here's my 2 cents ..

Volume indicators have 2 disadvatages :

First : It only shows the volume traded in a particular broker with presents MetaTrader platform.
Second : It's not actually the volume of the trades. It's more like the number of the trades.

Most of the time, these two could show a same pattern on charts, but sometimes like today, there are large amount of trades which volume indicators can't detect it, because they're counting the number of the trades, not the amount. So considering this and the first bug about these indicators which the trades may not accure at your broker or sonic's broker, so other brokers' platfroms don't show it on their volume indicator.

I hope I was clear about it ...

The reason of the movement ... doesn't matter to me ... I got AU move, that's enough for me (Not SonicR)

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #27,989
  • Nov 11, 2011 11:24am Nov 11, 2011 11:24am
Quoting Elvis_r
Look what happened (EU)
Sonic can you please explain concerning volume how that affected the spike on EU.
Considering that liquidity was 14% less than average (according to Forex Factory Market Page bottom left hand corner - graph) at the start of the spike and London was at lunch and the French Banks + Canadian Banks + USA banks are all on holiday.

If volume is so critical I must ask how can this happen?

Thanks
Elvis
Do some research on why EU moved. Rather, instead of looking at tech, look at fundies. All currency pair that involves the US is down. While pairs indpendent of US is just ranging. Something happened in the US, big news that cause the market to tank. Find out why and thats your answer. Volume just shows where the smart money went. So example goes like this:

Bad news in US, it caused allot of people to move their money to short US, hence the immense volume and movement.

Stuff like this no one can predict, unless inside info. Try to trade accordingly to it, watch the dragon and volume indicator.
  • #27,990
  • Nov 11, 2011 11:35am Nov 11, 2011 11:35am
hi

gbp/usd wave breakout trade, entry 1.59560 tp 1.60320, +76pips



trade clear waves with most significant highs and lows and never get trapped into small choppy waves which are part of bigger waves
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  • #27,991
  • Nov 11, 2011 12:26pm Nov 11, 2011 12:26pm
Quoting ott256
hi

gbp/usd wave breakout trade, entry 1.59560 tp 1.60320, +76pips



trade clear waves with most significant highs and lows and never get trapped into small choppy waves which are part of bigger waves
bravo ott256 !

I myself can't see such waves... :nerd:
Patience is the key.
  • #27,992
  • Nov 11, 2011 5:09pm Nov 11, 2011 5:09pm
Quoting ott256
hi

gbp/usd wave breakout trade, entry 1.59560 tp 1.60320, +76pips



trade clear waves with most significant highs and lows and never get trapped into small choppy waves which are part of bigger waves


Great catch u have there,,,


I didn't trade much this week and hold none now, ends my week with positive pips..


I am observing and doing some reading up..
Will share some trading insight with u guys in later today..


Sonic
  • #27,993
  • Nov 12, 2011 7:45pm Nov 12, 2011 7:45pm
Hello everybody, there was nice moves on friday. It is looks like 222 patern is taking the place on H1, if it is true, there is going to be a nice move down on this week. Lets watch a price action !!!!!!!
  • #27,994
  • Edited 11:22pm Nov 12, 2011 11:01pm | Edited 11:22pm
Such a beautiful day today, last day of weekend, markets will be open tomorrow. First of all this my opinion, you can disagree, i respect that, but i am not going to change my opinion, and i am not going to argue about that. For me the key element of market is technical analysis. There is fundamental part, which is the part of technical analysis, i believe in math, and love math. Fundamental part is taking part during the news, when take in place psychology, crowd movements starts, i am avoiding news, because the price action during the news it is a part of bigger picture, market goes up and down, but after all price is going in the place where it is should be. There is never 100%, even god is not going to give you 100%, but there is probability, and risk management. There is no blind trading S&R, how do you know that price is going to retrace from S&R?, price can brake all the R or S all the way. But looking at price action, like you can see the trend that there is HH. There is rules applied to the other price movements. It is called patterns, there is different types, which is taking place in different situations. By applying patterns you can know when S&R will hold. Even in the range there is harmony, which taking place in the same size moves, could be in different shapes. So,after all, by spotting the price action higher time frame, you can move to M15 and look for sonic set up, in the direction of the expecting move. Volume it is indicator, like any other indicators MACD, Stoch, or which ever you like it is counting price, in this case tick, and not always can give you the entry, right in place where it has to be. My personal plan is consist of price action and money management, which is my stop loss shouldn't be more then 2%, if it is i will skip the trade, it is should be based on fibo numbers, i opening 2 positions, one i am closing when market reached the price which is equal to my stop loss (SL 20 pips, position is in +20 pips), and at this time i am moving my SL to break even, and second position i am closing when price will rich my goal, it is could be 50-61 fibo from higher time frame. I like to measure all the moves in fibo, as i believe in golden section.

From friday, each move has 84 pips
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  • #27,995
  • Nov 13, 2011 5:35am Nov 13, 2011 5:35am
Hi Mavricos,
What is a 222 pattern ?
  • #27,996
  • Nov 13, 2011 8:53am Nov 13, 2011 8:53am
Quoting Basber
Hey there,

Interesting stuff. I don't trade metals usually, but I would like to have a strategy to work with it. I would be glad if you put some time to clarify the details that you adjusted for trading gold. I know the main concepts remains still, but I want to know if there are some considerations to be made, for example trading time, TF, Targets, etc.

Regards,
Basber
Hi Basber:

Here is some view on trading gold:

Fundamental:
1. Unlike other metals, gold not widely used in industrial section, therefore the risk hedging activities from business section on gold is relatively very low compare to currency pair, or metals.

2. XAU/USD, on the USD side there are same influence of money flowing in or out of USD as EU/USD does. On the XAU side, I would descript it as “perception cost of safety and trustworthiness” . Actually USD is still the safe heaven no matter how the media talk it down. I don’t want to get too complicated on this, it’s just the mindset to have when considering trading gold in very long term.

3.Gold price movement mostly driven by speculation, it’s liquidity is relatively small compare to EU/USD. Therefore gold movement is very sharp within one hour timeframe, when EU movement considered as smooth.

Trading time is same as EU: whole London section, plus 1 hours before London open. If there was big movement in late New York section, possible we can catch some correction movement during early Asian section.

Timeframe, to trade the H1 trend, I normally get entry on M5 or lower, descending triangle works very well on M5 gold. I entry the trade on descending triangle on major S/R. when the gold break through major S/R, pending orders are triggered, usually the PA go straight to next level without turning back and test, there are little chance to entry on retracement.

Target, is base on S/R and momentum, I always have plan on hand that if level XXXX break then I will close my trade, if PA keep breaking next level, then I would sit till the momentum run out.

When trading H1 trend, reward/risk ratio on the gold average over 3:1, but the wining rate is relative lower,, I am still working on this to find the reasons, the reason could be myself no reacting correctly, or just the set up reliability is lower when apply on gold.

All in all, our trading mainly base on reaction of technical measurement, a chart is a chart, anyone success on trading EU can be success on gold. just needs to read the chart to know its character.

I want to mention the “black swan” risk on gold, let’s say gold gap down $200 in flash moment, on which level our stop get fill? Similar situation happen on stock market in May/2010, I am not sure what outcome those people have. I usually play gold on the separated shielded account, or use guaranted stop loss . just in case.

Hope all this help.

PH.
seeing through
  • #27,997
  • Edited 10:41am Nov 13, 2011 10:10am | Edited 10:41am
trading psychology is very wide topic, beside the emotion, perception, there some technical psychological factors as well. here is one of many: "selective attention" , most of us cannot avoid it. try this test:


Inserted Video


get it?? why we pick setup that doesn't go? coz, when you concentrate on seeking the expected object, something would be missed totally even it just happening in front of our eyes.....
seeing through
  • #27,998
  • Nov 13, 2011 11:18am Nov 13, 2011 11:18am
Quoting pipphunter
[font=Calibri]Hi Basber:

I want to mention the “black swan” risk on gold, let’s say gold gap down $200 in flash moment, on which level our stop get fill? Similar situation happen on stock market in May/2010, I am not sure what outcome those people have. I usually play gold on the separated shielded account, or use guaranted stop loss . just in case.

Hope all this help.

PH.
great stuff pipphunter, thanks for sharing !
Patience is the key.
  • #27,999
  • Nov 13, 2011 7:10pm Nov 13, 2011 7:10pm
Hi, my Soniker friends. Just a quick visit, but I do look forward to soon being back on a regular basis. I have been catching up on reading the thread since I left,.....not quite through it all but will be by the time I return.

Meanwhile, here are some thoughts. I see intraday sharing of thoughts. This is good because sharing your thought out viewpoints can help others with their trading. It also can help others help you,.....possibly by adding something you missed.

I see duyk20 misses my "BBs" ranting (but I don't see ddaytrader thanking the Lord for the reprieve!)

Folks, Sonicdeejay is the heart and sole of this thread. And, did you all catch it when he recently mentioned dragon, waves and volume study?

And, what is this about "...missing the Golden Age of the thread..." Fractal? I say to you, and to all Sonikers.....

The Golden Age will be when Sonic goes full-time!

That's it for now. I miss you all. See you soon.

Regards,
-tah
  • #28,000
  • Nov 13, 2011 7:51pm Nov 13, 2011 7:51pm
Who will be contributor to "next golden age" of Sonic R.
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