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Sonic R. System

  • #37,281
  • Jul 17, 2012 2:37am Jul 17, 2012 2:37am
Ugh two decent trades I thought about and didnt execute

Long Eur/Usd
Short Usd/Chf
  • #37,282
  • Jul 17, 2012 2:38am Jul 17, 2012 2:38am
why thinking of short eu while it is trending up?
H1 TF hooked up
M15 TF trend line strongly trending up
?????????
  • #37,283
  • Jul 17, 2012 2:42am Jul 17, 2012 2:42am
Quoting traderathome
Good to hear from you, my friend. I pray all is well with you!
Cheers,
Everything is good, friend. I see you are still 'posting rapidly.' Where do you get that energy from!
cut losses short, let profits run.
  • #37,284
  • Jul 17, 2012 2:44am Jul 17, 2012 2:44am
Quoting Domas4
Always,

ALWAYS,

ALWAYS,

ALWAYS,

ALWAYS,

Use a hard stop.
It is very HARD for some trader to learn to use hard stop.
Old habit very hard to get rid off.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,285
  • Jul 17, 2012 2:47am Jul 17, 2012 2:47am
Quoting traderathome
EU: SL reached. Trade closed for 20 pips loss EP1 to SL1.
did you really close in that position TAH? Well i am adding averaging and close now for gainning 10 pips.
Money Management and Patience is the Key
  • #37,286
  • Edited 2:49am Jul 17, 2012 2:47am | Edited 2:49am
Quoting sonicdeejay
As price drop..vol drops too..

possible sign of bull coming back..

Sonic

yup!
looks like bulls are gathering ....
waited to for short term short on dollar since composite USD looks weakening... now maybe the time to build up positions.

Patience ...

short dollar mean long EU,AU,GU,NU and short USDCAD, USDCHF
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,287
  • Jul 17, 2012 2:48am Jul 17, 2012 2:48am
Quoting alkenany
why thinking of short eu while it is trending up?
H1 TF hooked up
M15 TF trend line strongly trending up
?????????
coz it's didn't create a new high..

just one reason...
  • #37,288
  • Jul 17, 2012 2:51am Jul 17, 2012 2:51am
Quoting Domas4
Always,

ALWAYS,

ALWAYS,

ALWAYS,

ALWAYS,

Use a hard stop.
  • #37,289
  • Jul 17, 2012 2:54am Jul 17, 2012 2:54am
I'm waiting for long entry on EU ..

look at volume decreasing on M5 when price going down ^^
  • #37,290
  • Jul 17, 2012 3:00am Jul 17, 2012 3:00am
i already close it with +10 pips. due to averaging. now i'll be patient waitting for the set up to be formed
Money Management and Patience is the Key
  • #37,291
  • Edited 3:06am Jul 17, 2012 3:04am | Edited 3:06am
Quoting emmanuel7788
It is very HARD for some trader to learn to use hard stop.
Old habit very hard to get rid off.
Yes, but it's a necessity if one wants to be a successful trader. Those who put mental stops base their reasoning that the market will reverse at some point, and they will close position with smaller loss or even profit. However, there always are those days when market does not reverse and destroys all the capital.

When people try to trick a market to get advantage, they get tricked by the market themselves. Market will let you believe that your tricky technique is working by turning things your way once or twice, but then ultimately punishes you for that. There are no miracles here - cut losses short, let profit run.
cut losses short, let profits run.
  • #37,292
  • Jul 17, 2012 3:04am Jul 17, 2012 3:04am
well for EU it also not breaking up yet.

Oh god give me strength to be patience. ;p
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 26 KB
Money Management and Patience is the Key
  • #37,293
  • Jul 17, 2012 3:24am Jul 17, 2012 3:24am
Quoting scuderia
well for EU it also not breaking up yet.

Oh god give me strength to be patience. ;p
Gbp news in 10 and EU in 40, might be there cue(tights stop could go both ways)
  • #37,294
  • Jul 17, 2012 3:31am Jul 17, 2012 3:31am
Quoting GuruKrish
Thread is fully gripped with silence. How many of you blasted by high spike PA? Check my chart, is accept the SL and close a trade is better or try to recover a trade is better?
How to trade yourself out of losing position(s)? ....trading Evolution ......

it is a money management game when you don't use price hard SL... at some point you will have to close your losing positions(s), that is a hard decision for many traders who don't know how the MM game is played.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,295
  • Jul 17, 2012 3:32am Jul 17, 2012 3:32am
Quoting grechmar
Gbp news in 10 and EU in 40, might be there cue(tights stop could go both ways)
yup when the news release tight SL will be hit for sure. Do you ever thinking of thigh TP? Well i did that once and it blow up my acc. hahahahaha. therefore i just being patience. I understand that sticking to the rule is hard. I face that problems too. but when i broke the rule it cause me a lost.
Money Management and Patience is the Key
  • #37,296
  • Jul 17, 2012 3:38am Jul 17, 2012 3:38am
EU long trigered...

EP1 on Daily Resistance 1.. EP2 still not confirmed...
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 42 KB
  • #37,297
  • Jul 17, 2012 4:03am Jul 17, 2012 4:03am
Quoting GuruKrish
Thread is fully gripped with silence. How many of you blasted by high spike PA? Check my chart, is accept the SL and close a trade is better or try to recover a trade is better?
http://churchwhisperer.files.wordpre...ittle-boy1.jpg


you are the best !!
  • #37,298
  • Jul 17, 2012 4:33am Jul 17, 2012 4:33am
Quoting alexbs
EU long trigered...

EP1 on Daily Resistance 1.. EP2 still not confirmed...
EP1 HIT for +15..

move SL to 2285 second trade..
  • #37,299
  • Jul 17, 2012 4:39am Jul 17, 2012 4:39am
H4 can not break? Potential for shorts?
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 71 KB
  • #37,300
  • Jul 17, 2012 5:44am Jul 17, 2012 5:44am
Expecting 40-50 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 81 KB
There is no spoon....
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