Let me ans behalf of professor TAH...
I think reasonable SL and TP1 should be these....
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Sonic
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- #32,982
- Edited 6:53am Apr 3, 2012 6:28am | Edited 6:53am
- | Commercial User | Joined Mar 2008 | 9,072 Posts
- #32,983
- Edited 7:22am Apr 3, 2012 6:51am | Edited 7:22am
Hi sonic, i hv some amateur questions im abit confused with, hope you dun mind.. im pretty new to forex and mt4.. in the process of reading ur thread, currently at ard 17x pages, but was abit lost when i went to the latest few page.
.. may i know what indicators are you using currently, do u still use Sonic CCI, i notice its not in SonicV3 as well as ur recent charts. if not what indicator do u use to replace it? cos it seems like a pretty accurate tool - credits to you
.. may i ask whether london/newyork trading hours in SGT is 1600(london) , 2230(newyork)
.. how am i able to trade small size lot, im currently still on demo trading using Oanda in normal lots, but i doubt i would hv enough capital for it when i go live
.. trading on 15min tf seems reliable, looking at ur manuals, u also use 1h/4h tf to determine general trend, correct me if im wrong.. do i only look to long in the 15min tf only if 1h/4h is in an uptrend or vice versa or i can afford to rely on the 15min tf alone?
hope im not 3 years late in asking you theses question !
thanks in advance!
.. may i know what indicators are you using currently, do u still use Sonic CCI, i notice its not in SonicV3 as well as ur recent charts. if not what indicator do u use to replace it? cos it seems like a pretty accurate tool - credits to you
.. may i ask whether london/newyork trading hours in SGT is 1600(london) , 2230(newyork)
.. how am i able to trade small size lot, im currently still on demo trading using Oanda in normal lots, but i doubt i would hv enough capital for it when i go live
.. trading on 15min tf seems reliable, looking at ur manuals, u also use 1h/4h tf to determine general trend, correct me if im wrong.. do i only look to long in the 15min tf only if 1h/4h is in an uptrend or vice versa or i can afford to rely on the 15min tf alone?
hope im not 3 years late in asking you theses question !
thanks in advance!
- #32,984
- Apr 3, 2012 8:37am Apr 3, 2012 8:37am
- | Commercial User | Joined Mar 2008 | 9,072 Posts
Hi sonic, i hv some amateur questions im abit confused with, hope you dun mind.. im pretty new to forex and mt4.. in the process of reading ur thread, currently at ard 17x pages, but was abit lost when i went to the latest few page.
.. may i know what indicators are you using currently, do u still use Sonic CCI, i notice its not in SonicV3 as well as ur recent charts. if not what indicator do u use to replace it? cos it seems like a pretty accurate tool - credits to you
.. may i ask whether london/newyork trading hours in SGT is 1600(london)...
I use Dragons (EMA 34 H/L/CLose), 89 EMA (optional) and Vol indicator..
Sonic
- #32,987
- Edited 10:29am Apr 3, 2012 9:51am | Edited 10:29am
- | Joined Nov 2007 | Status: Trader | 1,157 Posts
- #32,989
- Edited 10:54am Apr 3, 2012 10:42am | Edited 10:54am
- | Joined Jan 2010 | Status: Trader | 623 Posts
hi sonic, thx for the prompt reply.
how abt the sonic cci indicator, do u still use it for entry? if not, any advise whr i should start reading this thread to be dated with the system ?
thanks
The rules, as spelled out in the first pages of the thread, determine where to take a possible trade, according to the PA.
- #32,992
- Apr 3, 2012 12:30pm Apr 3, 2012 12:30pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #32,993
- Apr 3, 2012 12:32pm Apr 3, 2012 12:32pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #32,994
- Apr 3, 2012 12:48pm Apr 3, 2012 12:48pm
- | Joined Mar 2012 | Status: PA & VSA "lead" the way | 414 Posts
Rule " do not add the loser"...
Sonic
That created big headaches for me last year. Not quite in full control of that bad habit yet, but getting there.
-tah
I have something similar only its more than one reminder...
(the mistake I'll sometimes make and its all too common amongst traders is "adjusting" the stop in the first place, badddd)
- #32,997
- Apr 3, 2012 1:21pm Apr 3, 2012 1:21pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #32,998
- Apr 3, 2012 1:25pm Apr 3, 2012 1:25pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
EU:
Entered short (EP=1.3332). This is just a bit higher entry than would be prescribed, and the entry is before LO. But this entry is made here and now because of what just transpired with AU. The market is being more "honest" about relative values the way AU is being traded, than the way they are with trading EU. But, at any time, a drop could follow for EU. Of course, it could get traded up.....again.
TP reached for 80 pips gain EP= 1.3332 to TP= 1.3252.
- #32,999
- Edited 1:47pm Apr 3, 2012 1:29pm | Edited 1:47pm
- | Joined Mar 2012 | Status: PA & VSA "lead" the way | 414 Posts
USD Broke out to the upside, see my "Crossroad" post.
Everything else is down, Gold, Oil, Markets, etc. Not sure if it was news driven but something had to give there and its a strong breakout for now
Highlights
The latest FOMC minutes indicate no further inclination to QE3. Basically, the Fed is holding steady on current easy policy and participants expect gradual improvement in the economy although unemployment remains elevated. Near-term inflation is seen a bumped up by energy costs but is expected to be temporary with long-run inflation at 2 percent. Markets, however, expected additional hints at QE3 being implemented and equities declined on release of the minutes.
Sure glad I never got sucked into Gold, almost fell for it if not for the TL. Many people were sucked in for sure, Bersnarke started hinting in his last speeches there would be QE3, now about face
- #33,000
- Apr 3, 2012 1:37pm Apr 3, 2012 1:37pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
