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Attachments: Sonic R. System
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Sonic R. System

  • #36,801
  • Jul 4, 2012 10:31am Jul 4, 2012 10:31am
Hi,
Just closed this trade before London closes to avoid the pullback.
This trade has an inital risk of 30pips, entry using multi-lot positions.
Exits - 1st Lot 30pips, 2nd Lot- 68pips, 3rd Lot 95pips.
Total 193pips
Average R=2.14

Close shop for today.

Tomorrow will be another day for big move.

Goodnight Everyone.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 4 Jul sonicR trade closed 4-7-2012 11-02-16 PM.png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #36,802
  • Jul 4, 2012 10:34am Jul 4, 2012 10:34am
To all winners today, here is a nice piece of music to relax and be ready for tomorrow Tokyo open.

Inserted Video


Enjoy.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #36,803
  • Jul 4, 2012 12:35pm Jul 4, 2012 12:35pm
Quoting alkenany
one more thing jasakreatif ... i need to have clear trend of sonic H1, rite now it is flat with dragoon still above 89 trend line whitch not helping me to go short

Alkenany, could you please upload you stohastic divergence indicator? I have been looking arround and cant find anything like that.

Regards,

msis125125
There is no spoon....
  • #36,804
  • Jul 4, 2012 12:39pm Jul 4, 2012 12:39pm
Quoting emmanuel7788
Hi,
Just closed this trade before London closes to avoid the pullback.
This trade has an inital risk of 30pips, entry using multi-lot positions.
Exits - 1st Lot 30pips, 2nd Lot- 68pips, 3rd Lot 95pips.
Total 193pips
Average R=2.14

Close shop for today.

Tomorrow will be another day for big move.

Goodnight Everyone.

emmanuel7788 you are great trader, can you point me to the direction where i can learn of risk % and TP setups. My entrys are ok, but my exits still need a lot of work!

Thank you,

msis125125
There is no spoon....
  • #36,805
  • Jul 4, 2012 5:36pm Jul 4, 2012 5:36pm
Quoting Msis125125
Alkenany, could you please upload you stohastic divergence indicator? I have been looking arround and cant find anything like that.

Regards,

msis125125
sorry being late Msis125125

here it is,with best regards
Attached File(s)
File Type: mq4 Stochastic_Divergence.mq4   13 KB | 400 downloads
File Type: ex4 Stochastic_Divergence.ex4   11 KB | 354 downloads
  • #36,806
  • Jul 4, 2012 5:48pm Jul 4, 2012 5:48pm
Quoting alkenany
sorry being late Msis125125

here it is,with best regards

Thank you very much Alkenany,

Best regards,

msis125125
There is no spoon....
  • #36,807
  • Jul 4, 2012 5:51pm Jul 4, 2012 5:51pm
AU short
Attached Image (click to enlarge)
Click to Enlarge Name: 1234.jpg Size: 92 KB
  • #36,808
  • Jul 4, 2012 6:02pm Jul 4, 2012 6:02pm
Quoting alkenany
sorry being late Msis125125

here it is,with best regards
As i understood correctly it is more accurate when the indicator draw a line between highs/lows?

msis125125
There is no spoon....
  • #36,809
  • Jul 4, 2012 6:05pm Jul 4, 2012 6:05pm
Attachment
Quoting abyarforx
AU short

i Agree with Abyarforx, sonic Setup shown on shart below.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 80 KB
There is no spoon....
  • #36,810
  • Jul 4, 2012 6:24pm Jul 4, 2012 6:24pm
I think that is happen!!!!!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: 12345.jpg Size: 103 KB
  • #36,811
  • Jul 4, 2012 6:25pm Jul 4, 2012 6:25pm
Quoting Msis125125
As i understood correctly it is more accurate when the indicator draw a line between highs/lows?

msis125125
msis125125 i only consider the arrows shown on stoch. did not check the linse ,
  • #36,812
  • Jul 4, 2012 6:30pm Jul 4, 2012 6:30pm
Quoting abyarforx
AU short
i did early sort 0288
breakin prev. low 0260 mpre confirmationwhite line
lmportant news after 2 hours
Attached Image (click to enlarge)
Click to Enlarge Name: m42.gif Size: 36 KB
  • #36,813
  • Jul 4, 2012 6:30pm Jul 4, 2012 6:30pm
Beside Bull Divergence on D1 there is a quiet not bad setup on as Sonic entrance.

I think it should be left untill friday, or even further.

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 79 KB
There is no spoon....
  • #36,814
  • Jul 4, 2012 6:33pm Jul 4, 2012 6:33pm
Quoting alkenany
i did early sort 0288
breakin prev. low 0260 mpre confirmationwhite line
lmportant news after 2 hours

Seemed to push it lower, well for now, but in majos scheme of things is divergens on D1, bullish indeed. And we are at the pin of it.

There is no spoon....
  • #36,815
  • Jul 4, 2012 6:38pm Jul 4, 2012 6:38pm
Quoting Msis125125
Seemed to push it lower, well for now, but in majos scheme of things is divergens on D1, bullish indeed. And we are at the pin of it.

that is true
  • #36,816
  • Jul 4, 2012 6:50pm Jul 4, 2012 6:50pm
Quoting alkenany
that is true
Thats how i know it
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 28 KB
There is no spoon....
  • #36,817
  • Jul 4, 2012 7:13pm Jul 4, 2012 7:13pm
Quoting Msis125125
emmanuel7788 you are great trader, can you point me to the direction where i can learn of risk % and TP setups. My entrys are ok, but my exits still need a lot of work!

Thank you,

msis125125
Hi msis

Thanks, but you are too kind with your words. I am not a great trader, still learning everyday and want to get better.

I learn most of the forex stuff starting at www.babypips.com , took a few forex courses and then lots of research and self study.
I recommend you read these two books by Dr Van Tharp.
- Trade your way to financial freedom
- Super Trader
you will also find some of his resources at his website:
http://www.iitm.com/

just one tip on setting TP, I follow very closely the trading ranges of currecny pairs. Since we trade intraday, we need to know what the average day range is and also the average weekly range. In the GBPUSD trade yestreday, it was a Day Inside Bar breakout, we do not know how far the market will go, so we just manage the downside of every trade and ride the potential run. It has a lot to do with trade management to maximise profit in a trend.
Entries are difficult but also the easiest compare to knowing when to make Exits.

Just remember these:
Every trade begins with minimum One Entry and Two Exits.
The first Exit is a must have and that is your initial Stop Loss
The second Exit is your final Take Profit.
You must know when to Cut Loss
You can have many TP Exits
You also can have many Add-on Entries after your first Entry.
Once you know how to, you build your system incorporating all these into your business plan.

Trade Well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #36,818
  • Jul 4, 2012 7:25pm Jul 4, 2012 7:25pm
Quoting scuderia
Thx emmanuel7788. today you really reminds me about trading. I am sorry for being bold to buy that GU. Lesson learn bro. Thx for the input. And I am sorry for trader who got distracted with my post. really really sorry.
Hi scuderia,

no worries mate! no need to be sorry.
this is a public open forum and we are all here to share what we see on our charts, share our thoughts behind taking our trades.
Members here can read and make their own trading decisions. If members rely on others' posts and trade without deep understanding what this game is all about, they will experience the great depth of this rabbit hole.
I know many members here in FF are discerning traders and make own trading decisions.

One of trader's objectives must be to become an Independent Trader.

Thanks for your sharing and in making this thread more lively.

Trade Well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #36,819
  • Jul 4, 2012 7:32pm Jul 4, 2012 7:32pm
Quoting Msis125125
Beside Bull Divergence on D1 there is a quiet not bad setup on as Sonic entrance.

I think it should be left untill friday, or even further.

that is a good setup with potential.
I see a base form by the cluster of H4 lows.
But overall picture is USD is not ready to gain strength. Compare the USD pairs. EU and GU yesterday was another story of their weakness due to in the UK. This may get worse today. So I look at EG as reference.

AU, NU have not move much this week.

But still UC is good setup.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #36,820
  • Jul 4, 2012 8:40pm Jul 4, 2012 8:40pm
Quoting emmanuel7788
Hi,
Just to share 2 trades taken on Aussie yesterday.
Both trades were taken early Tokpo session to catch a possible breakout of previous D high ... Monday consolidation.

My thoughts behind these trades are quite similar. I wrote these in the AU chart.

Maybe we see more volatility either later today or I am sure tomorrow and Friday.
It will EU, GU and EG ...who will the overall winner this week? EU and GU have 250 to 300 pips week range to play with.


Good Trading to all.
Hi

Just to provide an update on this AUDJPY trade and how I manage it.
See attached chart.

Trade Well!
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY 3 Jul trade update 5-7-2012 9-25-12 AM.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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