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Sonic R. System

  • #34,761
  • May 11, 2012 10:34am May 11, 2012 10:34am
Quoting traderathome
A study of the volume-price action should involve looking at lower TFs as well as higher TFs. Look at M5. Obviously one of the very tallest volume histogram bars (yellowed) is for the highest price of the day! What does that mean to you?

To me, it means the Bear is in control, and the whole of the shenanegans today has been orchestrated to pump, and re-pump to trick longs into the market so the Bear could add shorts. And, if this interpretation is correct, eventually there will be a grand move down. I no longer see this happening today because...
many thanks!

got the ideea! tho..i took long trade based on 'trade what you see not what you think': angle of dragon was pointing up, price was traversed the dragon up then returned into dragon....

will see later if it will reach SL or will close it manually...as i dont want to hold it over weekend!

good trading to all
fokyou forexfactory
  • #34,762
  • Edited 11:03am May 11, 2012 10:39am | Edited 11:03am
Quoting alkenany
I would not be surprised if it break low
just feeling
I would not be surprised either. Nor would I be surprised if the Bear holds the price up.

As for it breaking low, once the London market closes, and all but the US BBs remain at the table (if they do stay on this Friday), it would certainly be with less resistance from any surviving Bulls, for the Bear to slam the price downwards.

As for the Bear holding the price up, remember Master Sonicdeejay's words that often on late Fridays the market goes on a SL hunt. This could mean more upside pressure, but on very little volume. In other words, the BBs would not have to invest nearly so much to move the price higher once everyone else has left the table.

Of course we know it could go either way. We'll see soon enough. At this point the asian traders have tested the TL, the London traders have tested the TL, and the US traders have tested the TL. What we also know is, generally speaking, the more often SR is tested and holds, the stronger it becomes......
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  • #34,763
  • May 11, 2012 11:53am May 11, 2012 11:53am
How does this short of AUD/JPY on the H1 chart look? Price swung down 27 pips, then back up 56 pips, and now it's sitting right about my entry point. I haven't seen much conviction up or down since entry.
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  • #34,764
  • Edited 12:27pm May 11, 2012 12:12pm | Edited 12:27pm
Quoting Slider20
How does this short of AUD/JPY on the H1 chart look? Price swung down 27 pips, then back up 56 pips, and now it's sitting right about my entry point. I haven't seen much conviction up or down since entry.
The London session is over with. It is Friday, possibly SL hunting if anything. Could some BB still be hanging around to make a play? Possibly. Nobody knows. Frankly, maybe the Bear awaits next week for a downside play. Nobody knows.
  • #34,765
  • May 11, 2012 12:29pm May 11, 2012 12:29pm
EU:

An interesting bit of PA just now....
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  • #34,766
  • May 11, 2012 12:39pm May 11, 2012 12:39pm
EU:

Might be "Bingo!" time,....confirmation the Bear rules, if nothing else!
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  • #34,767
  • May 11, 2012 12:54pm May 11, 2012 12:54pm
Quoting traderathome
The London session is over with. It is Friday, possibly SL hunting if anything. Could some BB still be hanging around to make a play? Possibly. Nobody knows. Frankly, maybe the Bear awaits next week for a downside play. Nobody knows.
Thanks TAH, the trade still looks valid especially since it moved up to a prior swing and we rejected. Ill stay in for now. Just wanted to make sure I wasn't missing something g major in the Sonic R trade.
  • #34,768
  • May 11, 2012 1:01pm May 11, 2012 1:01pm
Quoting Slider20
Thanks TAH, the trade still looks valid especially since it moved up to a prior swing and we rejected. Ill stay in for now. Just wanted to make sure I wasn't missing something g major in the Sonic R trade.
AJ:

Late Fridays are "No Mans Land". No telling what will happen, though usually the moves are not substantial and are SL hunts, i.e., opposite what appears to be the market bias. However, the Market is a sneaky snake in the grass,.....it cannot be relied upon to do the obvious, or the usual. Not even on Fridays.

And the market has behaved suspiciously all week, which is why I am still watching it.
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  • #34,769
  • May 11, 2012 1:32pm May 11, 2012 1:32pm
EU:

Boredom Trade - entered M1 short (EP= 1.2922) several pips early, for a "let's see what happens to the close..." TP.
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  • #34,770
  • May 11, 2012 1:33pm May 11, 2012 1:33pm
Evening Peeps !

Entered Sterling

SL - 1.6176

Target - 1.5976
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  • #34,771
  • May 11, 2012 2:02pm May 11, 2012 2:02pm
Quoting traderathome
EU:

Boredom Trade -
That makes four kinds of trade types now we have for Sonic system!

I hope it turns out better than my impatient entry trade I took yesterday

p.s - they need an "underwater smiley" here @ FF, yes, I pulled a tah and adjusted my SL
  • #34,772
  • Edited 3:18pm May 11, 2012 2:31pm | Edited 3:18pm
Quoting jayjonbeach
That makes four kinds of trade types now we have for Sonic system!

I hope it turns out better than my impatient entry trade I took yesterday

p.s - they need an "underwater smiley" here @ FF, yes, I pulled a tah and adjusted my SL
Ops! Missed that one:
1. Classic- (the fundamental trade)
2. Scout- (when you like to try your hand at picking highs or lows)
3. Curious- (when you wonder what the hell the market is doing, and you're tired of waiting for clear direction)
4. Impatient- (when you don't give a shit about anything, you just want to be in a trade)
5. Boredom- (when all else fails....)

Guess we can now call ourselves Sonic RD! No, not Reseach and Development,...Sonic R. Diversified, something for everyone! (You think they get riskier as you go down the list?)

Just kidding, Sonicers. Classic SonicR. Period.
  • #34,773
  • Edited 3:05pm May 11, 2012 2:53pm | Edited 3:05pm
Quoting traderathome
Ops! Missed that one:
1. Classic- (the fundamental trade)
2. Scout- (when you like to try your hand at picking highs or lows)
3. Curious- (when you wonder what the hell the market is doing, and you're tired of waiting for clear direction)
4. Impatient- (when you don't give a shit about anything, you just want to be in a trade)
5. Boredom- (when all else fails....)

Guess we can now call ourselves Sonic RD! No, not Reseach and Development,...Sonic R. Diversified, something for everyone! (You think they get riskier as you go down the list?)...
LMAO That was a hilarious post!

While I am laughing over here, its partly also because the somewhat sad part is, these are all realities and I think most fall into these traps time and again (some never stop...). After my bad trade yesterday, which is firmly in camp 2 and 4 (though 4 doesn't fully apply as stated ) , I was thinking of posting something similar to try and help others.

A list of ALL the bad habits, and there are many, is a good guide and probably as important to review as the list of all the rules we should be following, kind of like cross-checking yourself before you enter trades
  • #34,774
  • May 11, 2012 2:58pm May 11, 2012 2:58pm
Quoting traderathome
EU:

Boredom Trade - entered M1 short (EP= 1.2922) several pips early, for a "let's see what happens to the close..." TP.
EU:

Manually closed for 3 pips EP= 1.2922 to close= 1.2919.
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  • #34,775
  • May 11, 2012 7:34pm May 11, 2012 7:34pm
Quoting traderathome
Ops! Missed that one:
1. Classic- (the fundamental trade)
2. Scout- (when you like to try your hand at picking highs or lows)
3. Curious- (when you wonder what the hell the market is doing, and you're tired of waiting for clear direction)
4. Impatient- (when you don't give a shit about anything, you just want to be in a trade)
5. Boredom- (when all else fails....)

Guess we can now call ourselves Sonic RD! No, not Reseach and Development,...Sonic R. Diversified, something for everyone! (You think they get riskier as you go down the list?)...
Haha.. I lov that..

Happy weekend guys..
It is Saturday in Singapore and here I am at wok just like any other weekdays..
Sonic
  • #34,776
  • May 12, 2012 12:39am May 12, 2012 12:39am
Quoting sonicdeejay
Haha.. I lov that..

Happy weekend guys..
It is Saturday in Singapore and here I am at wok just like any other weekdays..
Sonic
Really? Be a full-time trade, Sonic..
  • #34,777
  • May 12, 2012 4:16am May 12, 2012 4:16am
Quoting duyk20
Really? Be a full-time trade, Sonic..
One day.. I lack discipline and I do not want to be as trader full time yet ..

Sonic
  • #34,778
  • Edited 8:29am May 12, 2012 7:44am | Edited 8:29am
wanna get rich in short time, with a small equity ?
wanna rebound the loss quickly , more then 50% loss ?

new trader like me try with micro mini little equity and always try looking for a big pips because want to maximize the balance quick, it is a hard job.. really hard, and when get loss, try to rebound it in a short time, it is a hard job to..

i seen sonicers most of time get 40pips minimum in every trades, if every day running well, it is wonderfull.
so let say that we can get profit easly everyday, but how about if.. ? get loss ..? when should cut the loss, stop the failure entry ?

the answer is in the trade style of sonicers, i seen some traders looking for long term trading , let open running 1 2 or more than 3 days , and some others in short term , take and go.

wanna get rich quick ? we need capital.. , 10pips (10pips ? it is very easy for sonicers i think) more than enough for one day , and than cut the loss , stop the loss minimize it dont let it run. just my opinion

if just wanna play, lets play 2% equity, build the capital to become bigger and bigger, should be patient, we need a months or year to be rich
  • #34,779
  • May 12, 2012 7:45am May 12, 2012 7:45am
Quoting sonicdeejay
One day.. I lack discipline and I do not want to be as trader full time yet ..

Sonic
I think discipline is probably the hardest 'skill' to master, of all that are necessary for trading.

Hope you are getting paid good to work on the weekend! Have a good one in Sunny Singapore.
  • #34,780
  • May 12, 2012 9:03am May 12, 2012 9:03am
Quoting jayjonbeach

Hope you are getting paid good to work on the weekend! Have a good one in Sunny Singapore.

I am part of the middle management team that handle a offshore proj.,,
So, on time delivery is crucial and weekends get easily wasted at wok.

Sonic
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