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Sonic R. System

  • #37,041
  • Jul 11, 2012 12:56am Jul 11, 2012 12:56am
Quoting traderathome
EU: Entered long, per attached. Intent is to trade this up to the USD release later. And be out of the trade by then.

Hi TAH,

I'm new in this forum and read most of the posts from 2008 till now. A question for you, Why did you start your last couple of trades in asian session while as per Sonic rules, trade is recommended to start after LO?
  • #37,042
  • Jul 11, 2012 1:02am Jul 11, 2012 1:02am
Quoting expresid
Tah did u close this trade for REal o still hold on ,"and this are mental TP"?
PS if u close u use any EA for closing partial position?
Both EU and GU trades are closed, just as I posted they were. Yes, they were "mental" TPs until just before I left computer before LO yesterday. At that time I placed the Take Profit orders to close them at those levels. Regarding my AU trades, I was waiting to see if PA would run better, so I did not exit earlier at lower prices. But now, with USD high impact release coming, I decided just to exit and wait and see what happens.

I do not use any EAs or any scripts, not now nor at any time in the past. Maybe sometime in the future.
  • #37,043
  • Jul 11, 2012 1:04am Jul 11, 2012 1:04am
Quoting emmanuel7788
Hi,

There is a nice MT4 tool which will draw your closed trade history on your charts.Using this script, all your trades will be clearly marked on your charts and a lot easier for sharing to show where your trade entries, exits, pips results, etc.

You can download the script at this link in the section Platform Tech:

http://www.forexfactory.com/showthread.php?t=46668

The author is pips4life a very well known MT4 developer and contributor here at Forex Factory.

Note: If you do not like to use this script tool, then the easy...
better clearly if you ask me my investor password , all visual draw on mt4 can be edit by mouse click easly.

but this post canot be edit, its real entry and post , if edited we can see 'last edited' showed
Quoting traderathome
EU: Entered long, per attached. Intent is to trade this up to the USD release later. And be out of the trade by then.
  • #37,044
  • Edited 1:28am Jul 11, 2012 1:08am | Edited 1:28am
Quoting traderathome
GU: Trade concluded while I slept yesterday, when PA reached TP1. Trade closed for 45 pips gain EP1 to TP1. The SL was not a hard one.
HI TAH,

Manytimes people not entering trade with proper setup. Manytimes setup happened after they entered a trade. They are impatient and jump the trading even before PA cross 89EMA. Without seeing proper wave (Small Wave) they took trading in ranging market. Yesterday i took AJ. The trading was stress free trading. I was able to book 25 pips not bad with good setup.
And i am surprised to see why pople not taking trade on AJ, CJ setup happened in NY session.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: TAH.gif Size: 56 KB
Click to Enlarge Name: AJ.jpg Size: 218 KB
  • #37,045
  • Jul 11, 2012 1:22am Jul 11, 2012 1:22am
Thanks for u quick replay
Regards,ExpresID
Trade Well.

Quoting traderathome
Both EU and GU trades are closed, just as I posted they were. Yes, they were "mental" TPs until just before I left computer before LO yesterday. At that time I placed the Take Profit orders to close them at those levels. Regarding my AU trades, I was waiting to see if PA would run better, so I did not exit earlier at lower prices. But now, with USD high impact release coming, I decided just to exit and wait and see what happens.

I do not use any EAs or any scripts, not now nor at any time in the past. Maybe sometime in the future.
  • #37,046
  • Edited 1:42am Jul 11, 2012 1:25am | Edited 1:42am
Quoting GuruKrish
HI TAH,

Manytimes people not entering trade with proper setup. Manytimes setup happened after they entered a trade. They are impatient and jump the trading even before PA cross 89EMA. Without seeing proper wave (Small Wave) they took trading in ranging market. Yesterday i took AJ. The trading was stress free trading. I was able to book 25 pips not bad with good setup.
GuruKrish, yours was nicely profitable. Mine too. We both entered our trades too soon: I before LO, and you while the Dragon still was flat to up. My trade had better EP after the US open. Your trade had better EP after the LS closed, Dragon angled down. Well, at least we both made out ok.

Impatience causes lots of problems when trading. Absolutely! However, it is not a violation to enter a trade when PA has not yet reached the Trend line. So long as PA is on the right side of the Dragon, and the Dragon exhibits good angle, that is sufficient. Yes, it is better when PA is also on the right side of the Trend line, just as it is better still (imho) when the Dragon also is on the right side of the Trend line.
Attached Image (click to enlarge)
Click to Enlarge Name: AJ.jpg Size: 218 KB
  • #37,047
  • Jul 11, 2012 2:12am Jul 11, 2012 2:12am
Quoting Daniel3167
Hi TAH,

I'm new in this forum and read most of the posts from 2008 till now. A question for you, Why did you start your last couple of trades in asian session while as per Sonic rules, trade is recommended to start after LO?
Impatience. And sometimes, though rarely, good trades start in the asian session. And yesterday both had very high volumes at the very lows in the US session. Remember, the recommendation to only enter a trade during the LS is an extremely good recommendation, but it is only a recommendation and not a hard Sonic R. rule. Hence, at trader's discretion, trades can be entered at other times, albeit most likely with higher risk.
  • #37,048
  • Jul 11, 2012 2:20am Jul 11, 2012 2:20am
Quoting traderathome
GU: Entered long, per attached. Tight SL1 for asian session up to FO. SL2 allows more breathing room afterwards (tentative, might be lowered). Intent is to trade and exit before the USD high impact release. TP1 is possible. TP2 and TP3 are good S&R levels from H1/H4, but it is unlikely PA will run so far before the release. Anything can happen after the release, up or down. Right now, both Dragon and Trend are moving up and the Dragon is above the Trend. It is not the LS yet, and that adds risk.
GU: Manually closed trade at 1.5550 for 30 pips gain EP1 to close.
Attached Image (click to enlarge)
Click to Enlarge Name: july 2012 - 030.gif Size: 35 KB
  • #37,049
  • Jul 11, 2012 2:25am Jul 11, 2012 2:25am
Quoting jasakreatif
better clearly if you ask me my investor password , all visual draw on mt4 can be edit by mouse click easly.

but this post canot be edit, its real entry and post , if edited we can see 'last edited' showed

much better still, we can use a trade copier.
I pm you my terminal IP address and we duplicate our trades realtime.

that woud be more fun.

cheers bro!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,050
  • Jul 11, 2012 2:35am Jul 11, 2012 2:35am
Quoting traderathome
GU: Manually closed trade at 1.5550 for 30 pips gain EP1 to close.
Dear TAH,

If some of our Thread members posting about their trade if i they re entrering a trade if the specifiy about lable Re EP instead of EP that is very useful to understand about his idea.
Attached Image (click to enlarge)
Click to Enlarge Name: RE.jpg Size: 86 KB
  • #37,051
  • Jul 11, 2012 2:37am Jul 11, 2012 2:37am
Quoting traderathome
.

I do not use any EAs or any scripts, not now nor at any time in the past. Maybe sometime in the future.
I am looking towards it bro. Me too I dun get that TP and i exit it lower. coz USD high Impact is really scary right now.

Will you share your EA and scripts if u have? looking toward sonic EA though.
Money Management and Patience is the Key
  • #37,052
  • Edited 2:53am Jul 11, 2012 2:40am | Edited 2:53am
Quoting GuruKrish
Dear TAH,

If some of our Thread members posting about their trade if i they re entrering a trade if the specifiy about lable Re EP instead of EP that is very useful to understand about his idea.
That is fine, if they want to. I think it would also be helpful to understand about this idea if they put on the chart the PA wave used for the re-entry.
  • #37,053
  • Edited 3:05am Jul 11, 2012 2:55am | Edited 3:05am
Quoting scuderia
I am looking towards it bro. Me too I dun get that TP and i exit it lower. coz USD high Impact is really scary right now.

Will you share your EA and scripts if u have? looking toward sonic EA though.

hi scuderia

there are several well tested and reliable trade manager EA here in FF.
one of the best and I am using is Multi Purpose Trade Manager commonly know as MPTM developed by Steve Hopwood. I am using MPTM for 3 years since.

I like this best because it can manage single entry single exit trade, or single entry multiple exits, multiple entries /multiple exits, ... and best of all is managing a basket of trades. Wonderful EA and help take away the emotional aspect during trade management. You can use stealth mode for SL so brokers don't see your hard SL. If you want to play with catastrophe SL it can do this too. Most important it works while I sleep.

If you want to trade a basket of composite currency pairs, this work fantastic. Hassle free trade management.

If traders here talk about 'banking in pips' with sonicR, this is one way to go.

use the FF search function.

Sorry that this went off topic, but there should not be any restriction on what we share here so long it is trading relating.

Agree?

regards,


EDIT: you will still find more information on MPTM here in FF.
But note that Steve Hopwood has moved to:
http://www.stevehopwoodforex.com/php....php?f=21&t=64
Home of MPTM
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,054
  • Jul 11, 2012 3:20am Jul 11, 2012 3:20am
Quoting emmanuel7788
hi scuderia

there are several well tested and reliable trade manager EA here in FF.
one of the best and I am using is Multi Purpose Trade Manager commonly know as MPTM developed by Steve Hopwood. I am using MPTM for 3 years since.

I like this best because it can manage single entry single exit trade, or single entry multiple exits, multiple entries /multiple exits, ... and best of all is managing a basket of trades. Wonderful EA and help take away the emotional aspect during trade management. You can use stealth mode for SL so brokers don't...
The download is available a this FF url:
http://www.forexfactory.com/showthre...99#post2029899
  • #37,055
  • Jul 11, 2012 3:47am Jul 11, 2012 3:47am
Quoting traderathome
EU: Entered long, per attached. Intent is to trade this up to the USD release later. And be out of the trade by then.
EU: TP1 reached. Trade closed with 25 pips gain EP1 to TP1.
Attached Image (click to enlarge)
Click to Enlarge Name: july 2012 - 031.gif Size: 35 KB
  • #37,056
  • Edited 6:43am Jul 11, 2012 6:16am | Edited 6:43am
CADJPY
Daily - price hit the uptrend lower channel, looking for long entry point.

USDJPY
Daily - price broke daily uptrend line, short @ .21

GBPUSD
Daily looks like a retrectment, look for longs, tight tp(?).

Edit: EURUSD - look for longs.
Any other bias?
  • #37,057
  • Jul 11, 2012 6:39am Jul 11, 2012 6:39am
close for +95 at 1.0268
PS:cudn't support to care more this trade,evan that evryhing look good for onother 100 pip run,but still need to develop pattient and learn to pay pips for this.....
Any advise will be helpfull from u gang???
Quoting expresid
EP =1.0170
tp=1.0365
PS:chek this :http://dailyforextradingedge.com/Com...ng-Buy-Trigger
See how it work and if I have enough patient to hold on this trade..
Attached Image (click to enlarge)
Click to Enlarge Name: close.gif Size: 46 KB
  • #37,058
  • Jul 11, 2012 6:43am Jul 11, 2012 6:43am
.
Quoting sheled
CADJPY
Daily - price hit the uptrend lower channel, looking for long entry point.

USDJPY
Daily - price broke daily uptrend line, short @ .21

GBPUSD
Daily looks like a retrectment, look for longs, tight tp(?).

Any other bias?
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 47 KB
  • #37,059
  • Jul 11, 2012 7:31am Jul 11, 2012 7:31am
Quoting sheled
CADJPY
Daily - price hit the uptrend lower channel, looking for long entry point.

USDJPY
Daily - price broke daily uptrend line, short @ .21

GBPUSD
Daily looks like a retrectment, look for longs, tight tp(?).

Edit: EURUSD - look for longs.
Any other bias?
EURUSD 15Min double top found. Panding order for short
  • #37,060
  • Jul 11, 2012 7:54am Jul 11, 2012 7:54am
Quoting jayjonbeach
Since I am in this trade already, I have dug a little deeper into my Analysis for this pair Eur/Aud.

This is a weekly chart, and after crashing 8,913 pips, its still in a downtrend.

Price is just now at a Big Resistance, if it can make it over it can succeed in making a new higher low. If not, well, its bah-bye imho.

The EW count is highly speculative of course. Note if the horizontal black line is breached one of the Alternate counts (not shown) will have been the correct one. (Really if it gets over the heavy resistance...
Here's a nice "Told cha" exactly 2 months and 1000 pips later. Take a look at the chart, the price was 1.2890 at the time and went up to 1.3030. The Elliot wave count I did was looking for 1.1907 minimum for a target, we're now at 1.1953, price basically followed the black line I drew almost to a "T". The only question now is whether it goes to the second target of 1.14xx. Bah-bye indeed, the power of Elliot Wave and really the only Technical Analysis with this kind of power.
Attached Image (click to enlarge)
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