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Sonic R. System

  • #36,701
  • Jul 3, 2012 2:40am Jul 3, 2012 2:40am
Quoting alexbs
but when it hit, it hit hard ..

don't know which is the best, i think it's depend on each trader...

but 1,5R is very nice for me...
I prefer the system that generates 20 pips gain with 0.75 RR, Is it that bad?
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #36,702
  • Jul 3, 2012 2:52am Jul 3, 2012 2:52am
shorted @ 2585
  • #36,703
  • Jul 3, 2012 2:53am Jul 3, 2012 2:53am
shorted 2585
Attached Image (click to enlarge)
Click to Enlarge Name: m35.gif Size: 34 KB
  • #36,704
  • Jul 3, 2012 3:00am Jul 3, 2012 3:00am
Quoting alkenany
shorted 2585
did you already short that? well that's not yet confirm for me. i still wait for that. it maybe go down but i think it still risky
Money Management and Patience is the Key
  • #36,705
  • Jul 3, 2012 3:02am Jul 3, 2012 3:02am
Quoting alkenany
shorted @ 2585
I will short @1.2570
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #36,706
  • Jul 3, 2012 3:04am Jul 3, 2012 3:04am
Quoting alkenany
shorted 2585
ASSALAM ALKENANY

just short also at 1.2584 Tp at 1.2501, since u already posted ...
but what worried me is there is still no breakout yet...
  • #36,707
  • Jul 3, 2012 3:04am Jul 3, 2012 3:04am
Quoting RoelsMajor
I will short @1.2570
well that's better. but i think you should see the chart close t lease that price when it is not close then maybe a fake break out. that's what i think though. if is not break then i'll think to go long.
Money Management and Patience is the Key
  • #36,708
  • Jul 3, 2012 3:06am Jul 3, 2012 3:06am
its look like a hook and nike swoosh, maybe i'll prepare for another reversal
Attached Image (click to enlarge)
Click to Enlarge Name: hook.gif Size: 32 KB
  • #36,709
  • Jul 3, 2012 3:08am Jul 3, 2012 3:08am
GU short enter and SL already at BEP
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 27 KB
Money Management and Patience is the Key
  • #36,710
  • Jul 3, 2012 3:12am Jul 3, 2012 3:12am
Quoting scuderia
well that's better. but i think you should see the chart close t lease that price when it is not close then maybe a fake break out. that's what i think though. if is not break then i'll think to go long.
My chart
Attached Image (click to enlarge)
Click to Enlarge Name: 3 july 2012.gif Size: 24 KB
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #36,711
  • Jul 3, 2012 3:13am Jul 3, 2012 3:13am
Quoting stevepatt
Would you take a system making 20 pips with an average 2R return with a 48% strike rate?

You need to know the expectency of a system before you can have confidence in it.
well 2R is good. but you still have the options to put SL at BEP +1. so it is gonna be a free trade. and follow the wave. that's what i do. So when it is running the it take big. However when it re bounce you still have 1 pip profit. :d. Therefore i think 1R or 2R doesn't really matters coz you can always manage your trade. well at least that what makes me comfortable. so far my winning rate is above 90%. even it is 0.5R i think that still better. coz SL+1 is still winning rite?
Hmmm...... that's just me all of you i believe have their money management rite? that's my money management.
Money Management and Patience is the Key
  • #36,712
  • Jul 3, 2012 3:20am Jul 3, 2012 3:20am
Quoting RoelsMajor
My chart
as i said short EU is still the trend based on tf daily. but for today i think i'll wait till it break the 1.2570 and close below it.

Based on H1 chart there is circles it hold the price hard. in H4 tf you can see it clearer. That price is a very2 strong SR(support Resistance) my opinion just let it break first then short it. but if it hold the long. that's what i think.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 32 KB
Money Management and Patience is the Key
  • #36,713
  • Jul 3, 2012 3:22am Jul 3, 2012 3:22am
hi
yes waiting for break is more confirmation, but for me early entry is more favorable for many resons.one of them is reducing SL
  • #36,714
  • Jul 3, 2012 3:23am Jul 3, 2012 3:23am
Do you wanna know why i short GU?

That is the reasons. as you can see in the picture. you an go and check in tf H4. it makes me wanna short GU.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 32 KB
Money Management and Patience is the Key
  • #36,715
  • Jul 3, 2012 3:28am Jul 3, 2012 3:28am
let us look to H1 chart
to me is perfect early short entry(closed red candle)
Attached Image (click to enlarge)
Click to Enlarge Name: m36.gif Size: 36 KB
  • #36,716
  • Jul 3, 2012 3:38am Jul 3, 2012 3:38am
cable is set up for short
Attached Image (click to enlarge)
Click to Enlarge Name: m37.gif Size: 37 KB
  • #36,717
  • Jul 3, 2012 3:41am Jul 3, 2012 3:41am
cable M15
Attached Image (click to enlarge)
Click to Enlarge Name: m38.gif Size: 34 KB
  • #36,718
  • Jul 3, 2012 4:03am Jul 3, 2012 4:03am
Quoting alkenany
cable is set up for short

yup, short it the better idea.
waiting.... let the news sink in then look for the PA.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #36,719
  • Jul 3, 2012 4:08am Jul 3, 2012 4:08am
Quoting alkenany
cable is set up for short
New to this system, but with 4H being in uptrend and price above 34 MA should I not be looking for longs. PA is at the 15 min trendline and there is also a bullish Gartley on 15 min TF
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd 15 sonic.jpg Size: 163 KB
Click to Enlarge Name: gbpusd 15 gartley.jpg Size: 155 KB
Some people say I'm lucky, but the more I practice the luckier I get
  • #36,720
  • Jul 3, 2012 4:21am Jul 3, 2012 4:21am
I think if the next couple of candles closed below the dragon in M15, short is confirmed for EU.
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