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Sonic R. System

  • #37,981
  • Edited 10:53pm Jul 26, 2012 10:37pm | Edited 10:53pm
Quoting hansma
Here
Hansma, I was just thinking about Pink Panther a few days ago for whatever reason.
Perhaps the reason was hoping there will be a new animated movie from this Panther.

And surprisingly today saw Pink Panther photo from you that makes me smile for the pink price line.

I have removed my favorite pink price line, but have added other colour lines instead like the Gold Panther, Brown Panther, Aqua Panther, etc instead.

Ok not as worthwhile to reply as Domas charts, but happy to reply for now.
  • #37,982
  • Jul 26, 2012 11:07pm Jul 26, 2012 11:07pm
Quoting enigma4x
try a long in eu
m1 and m5 give me good feeling will see ...

Attachment

Attachment

http://www.youtube.com/watch?v=1nzwU...a0LPvRUEWop8Jl

enigma4x
Seems you are a good trader from other thread. You often wrongly posting here. If you want to really post your trade your ideas try to use TAH template and show your ideas.

Regards,
GK.
  • #37,983
  • Jul 26, 2012 11:12pm Jul 26, 2012 11:12pm
Quoting Domas4
Those orders were put exactly at the time as you see them in the screenshots. Usually I start putting orders around London open, if there are any setups of course.
Quoting GuruKrish
Ok Today i was thinking about this logic. But i am planning to implement next time. Check the chart. If maket spikes any side you are the one finally in profit.
Thanks for interpreting my idea in a new way. Same wine with new label. Better than my idea. But try to write your scipt before sunset.

Regards,
GK.
  • #37,984
  • Jul 26, 2012 11:21pm Jul 26, 2012 11:21pm
Quoting hansma
Here
You are the other one in the thread after ArtfulDodger. Very funny man.
  • #37,985
  • Jul 27, 2012 12:32am Jul 27, 2012 12:32am
Quoting Domas4
Incase nobody learned anything today, here was my thinking and trading behind E/U pair.

In short, my short trade taken at TP1, then remaining half of the position taken out at SL, which I moved to lower high. Then my BUYSTOP gets triggered and both TPs get hit.
Quoting Domas4
...continued
Hi Domas4

Thank you for your excellent post definitely one of the somethings I learn and will put into practice.

I think your sequence charts with explanations is very good and makes it easy to understand how you traded this EU pair yesterday. I had made the mistake in waiting for price pullback after a new HH or LL for my initial trade entry. Yours are very clear how you read PA.

Just couple of qusetions:

1. when you exit at TP1, how much of your position do you normally exit?

2. Do you usually move your trade to BE after TP1 exit? or is this discretionary dpends on what your see in the price action.

3. the BUY trade had a tight stop (R) and seeing your TP1 and TP2 lines, that would have given you more than a 6R trade. Am I right?


Look forward to your answers and more of your trade postings and lessons.

Thank you.

Kind regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,986
  • Jul 27, 2012 12:42am Jul 27, 2012 12:42am
Quoting enigma4x
try a long in eu
m1 and m5 give me good feeling will see ...

Attachment

Attachment

http://www.youtube.com/watch?v=1nzwU...a0LPvRUEWop8Jl

enigma4x

hallo enigma4x

sehr interessante methode von Ihnen.
ist es Gann Grid auf dem chart?
vielen dank

mfg,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,987
  • Jul 27, 2012 12:53am Jul 27, 2012 12:53am
Quoting emmanuel7788
Hi Domas4
[...]
Just couple of qusetions:

1. when you exit at TP1, how much of your position do you normally exit?

2. Do you usually move your trade to BE after TP1 exit? or is this discretionary dpends on what your see in the price action.

3. the BUY trade had a tight stop (R) and seeing your TP1 and TP2 lines, that would have given you more than a 6R trade. Am I right?
[...]
1. 70%

2. I move to next lows or highs, not BE. So it depends on price action.

3. What do you mean 6R ?
cut losses short, let profits run.
  • #37,988
  • Jul 27, 2012 1:19am Jul 27, 2012 1:19am
Quoting Domas4
1. 70%

2. I move to next lows or highs, not BE. So it depends on price action.

3. What do you mean 6R ?

thanks for your prompt reply.

By 6R, as an example:
if initial SL is 15pips (that will be 'R')
then if TP is 90pips,
this would mean profit is 6 times the initial SL 'R'

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,989
  • Jul 27, 2012 1:21am Jul 27, 2012 1:21am
Quoting emmanuel7788
thanks for your prompt reply.

By 6R, as an example:
if initial SL is 15pips (that will be 'R')
then if TP is 90pips,
this would mean profit is 6 times the initial SL 'R'

regards,
Yeah, I aim at least 1:1 of SL:TP1. So in your terminology, I'll have at least 1R for TP1 and 2R for TP2. The keyword is AT LEAST.
cut losses short, let profits run.
  • #37,990
  • Jul 27, 2012 2:02am Jul 27, 2012 2:02am
Quoting Domas4
Incase nobody learned anything today, here was my thinking and trading behind E/U pair.

In short, my short trade taken at TP1, then remaining half of the position taken out at SL, which I moved to lower high. Then my BUYSTOP gets triggered and both TPs get hit.
this is a good trade management....
  • #37,991
  • Jul 27, 2012 2:03am Jul 27, 2012 2:03am
Quoting alexbs
this is a good trade management....

I second that...good and proven trade management.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,992
  • Edited 2:41am Jul 27, 2012 2:22am | Edited 2:41am
EU No Sonic Setup. PA moving inside box. Added PO BS above 4H resistance and SS below 4H Support. Let's see what will happen.

SS = 1.22674 SL = 1.23315
BS = 1.23315 SL = 1.22674


Regards,
GK.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.jpg Size: 277 KB
  • #37,993
  • Jul 27, 2012 2:40am Jul 27, 2012 2:40am
Quoting Domas4
Yeah, I aim at least 1:1 of SL:TP1. So in your terminology, I'll have at least 1R for TP1 and 2R for TP2. The keyword is AT LEAST.
hey domas, if u put buy stop or sell stop, do you place that few pips above or below high/low? if yes, how much do u use?
  • #37,994
  • Jul 27, 2012 2:42am Jul 27, 2012 2:42am
I place it 1 pip higher/lower + spread. In other words, if the low/high is broken even by 1 pip, my stops get triggered.
cut losses short, let profits run.
  • #37,995
  • Jul 27, 2012 2:59am Jul 27, 2012 2:59am
Quoting Domas4
I place it 1 pip higher/lower + spread. In other words, if the low/high is broken even by 1 pip, my stops get triggered.
okay i see..thx for confirmation..

I take short on EU, entry on 5m chart sonic setup..
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 23 KB
  • #37,996
  • Jul 27, 2012 3:02am Jul 27, 2012 3:02am
Quoting alexbs
okay i see..thx for confirmation..

I take short on EU, entry on 5m chart sonic setup..
beware, wait 15min chart to break previous low.

Anyway good luck to you,.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 39 KB
Keep Simple...!
  • #37,997
  • Jul 27, 2012 3:14am Jul 27, 2012 3:14am
Quoting kotlt
beware, wait 15min chart to break previous low.

Anyway good luck to you,.
yap, i think about it too, but i'm just pretty sure this time eu will go down..So i take the trade and ready to take loss..

hope i didn't false, if u conffident with your trade just take it but always ready to take the opposite..

Good luck to u too..
  • #37,998
  • Jul 27, 2012 3:21am Jul 27, 2012 3:21am
1.2270 support had break.... next break 1.2250, if 2250 break i think EU will falling down hard...
  • #37,999
  • Jul 27, 2012 3:39am Jul 27, 2012 3:39am
Anyone are waiting AU long setup ?
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 41 KB
Keep Simple...!
  • #38,000
  • Jul 27, 2012 3:39am Jul 27, 2012 3:39am
Quoting Domas4
I place it 1 pip higher/lower + spread. In other words, if the low/high is broken even by 1 pip, my stops get triggered.
Can you update your pos details?
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