Sonic R. System

it's time to long entry kotlt?

I don't know. At this time i'm long GU and wait for AU long setup.

EU entered short , position #2

EP2: 1.2790
SL2: 1.2806

Still sticking with my strategy to go short. SL's and TP's will still be PM.

As a side note, I do think the shorts will get trapped soon enough and EU will make a move toward 1.29-1.3 with a year end rally. But I believe we will see some more weakness first.

Hi Ck87,

I think it's better if you wait for proper wave, also proper dragon. Your both short order have same angle at three o'clock and do not have proper wave.

I used to enter many trades like that and most end with red pips .

Anyway, my EU long has closed at BE. Hope best luck to you.
I just want everyone get better and we can support together.

I see, I'm still learning. Good points. Thank you

Need to get better !

Trade closed. +140 pips

For the rest of the week i will be abroad (no trading for me) .. Hope good trades to all of you guys !!

EJ: Added final trade 3 short. Not a SonicR but a Scout, due to the upwards drift late in the day on low volume which is typical of outfits taking advantage of low resistance to price moves to move price to their advantage without requiring a lot of investment to do it. Moving it up means they are looking to close longs or acquire shorts. My bet here is they are acquiring shorts as they move the price higher.

I like the scout. I still have my short from 103.86.. kind of hurts. Main reason EJ went up so much is because UJ is crushing.

Hello Sonicers... it toke some time but it hit my target of 1,2828.
+115 pips on EU,,,

data update.
sonic trading status, 8 trades, 8 wins, 254 pips won, 0 lost, 100% profitable, mean +31,75 pips/trade.

hy just like to had 2 graphs... as alert. then pay atention to sonic set-ups on eurusd coming up...soon.
i'm betting on short...

Let's trade the right way even if difficult...

http://www.telegraph.co.uk/finance/f...-downfall.html

"... Amazingly, in the weeks that followed the peak, Adoboli's martingale system did almost come good...."

I love this statement. Particularly, I love the use of the word "Amazingly" to taint the trading method as something that if it ever worked, it would have to be at the amazement of everyone. Not so. Anyone who has traded for years in the forex market fully understands the roller coaster action of prices. They go up, and they go down. Even the "catastrophic" effects on pricing, such as the market reaction to a tsunami in Japan is but a blip in the larger TF of the price roller coaster. Except in perhaps less than of 1% of the time, prices will be revisited. It is only a question of time.

So, it all comes down to how soon a trade must be closed. I mean, if we are only talking profit vs loss, that is the question. How long can the trade be left to run to come to profit?

An entirely different perspective comes into play if the time value of money is considered. A trade left to run might come to profit in a week, a month, or a year. But that is just getting even. What of the time value of the money? Tying up money in such a trade keeps that money from being used elsewhere, and hopefully for profits,....a return must be made on the money being tied up in a trade. So, putting more money into the trade can help to make this profit by way of bringing the "break even" point closer, and hence a reasonable profit point closer, too. It is not a bad method that only works to the "amazement" of some folks. It is a valid method a majority of the time, and can work exceedingly well if the trade can be left to run and be added to at appropriate levels. Most folks cannot trade this way because their trades are too big relative to their account size. They cannot withstand the draw down on their account over days, weeks and months as price continuously moves against them, and still be able to add to the trade. And they meanwhile cannot also participate in new, unrelated trades.

Statistically the method works just fine. Practically speaking, it does not. But that is because most traders either do not have enough funds to be able to properly utilize the method and still be able to trade in an ongoing fashion, or they preclude themselves from being able to do so by making trades that are simply too large relative to the size of their accounts.

Anyway, every trader must come to their own decisions regarding the money management aspect of their own trading, regardless of what others might be doing or saying about the various considerations of money management.

found this setup euraud short, let the market decides...

AU Comment:

Looks to be setting up for another short. Risk is that LS is still hours away, during which time price might not drop, but range and then swing up for short grabbing in early LS. If it does not break out downwards soon, at least we know where some outfits believe is a good price area to load up. Price could still be taken back up to test the upper whole number area before any run down. Overall, this looks like the market ran up the price over the previous two days to close longs around the whole number, and then to build shorts while holding the price in that same area. Overselling might have caused the drop yesterday. Today, asian trading has attempted to backtest the whole number area, not quite making it. But the LS traders might, running the price back up to hit stops and trigger "wrong side" pending orders,....a liquidity creation move to get more of their short orders filled at higher prices. Keep in mind this is all speculative.

UCad Comment:

Like AU, this too might get an early start today. If many more start to do this, something might be going on that could make waiting until the LS too late. Don't know. It is what it is.

EU Comment:

And here goes EU, also! Something could be up, as the expression goes. Of course, AU, UCad, and now EU, .....all could cease going on down and just range until LS, then get popped up. And maybe not until the US session gets it's chance again at the highs might things start down in ernest.

Exellent trades , keep it up

EJ Comment:

I'm thinking the market is positioning itself to take advantage of this going down. On M15 you can see the price pump. You can also see the very high concentration of trading after the pump and going on for several hours now! Now, this is just what outfits in the asian session are doing. The FO/LO and US Open bring to the table more outfits that will likely have the same intentions,....pump 'n dump. In other words, pumping the price to close their longs and switch to shorts. And pricing could still go higher before this is overwith. Afterwards? My guess is down. Remember, this is highly speculative.