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Sonic R. System

  • #41,921
  • Dec 10, 2012 5:54am Dec 10, 2012 5:54am
That's my humble contribution. The market is not easy and takes some risky decisions. FX is not for everyone because you can loose a lot of money if you are not in the right mood, worried about feeling the fear ecc. Yes, you can always bet peanuts if you like...Is it worth the game to spend hundreds of hours in front of a monitor for a bunch of pips. btw, Koltl is doing good...
  • #41,922
  • Dec 10, 2012 6:16am Dec 10, 2012 6:16am
Quoting umbro
What's your EP, SL ?
EP 1.0644, SL 1.0612
Keep Simple...!
  • #41,923
  • Dec 10, 2012 6:30am Dec 10, 2012 6:30am
SL is far from EP (about 33 pips). It's okay it depends on you. I prefer quick gains in short times if feasible at LO/NO. Personally I'd played the pullback before your entry setting the SL at 1.60287 (but Iwould played a more agressive entry). So you need to reach 1.610... kind of difficult but who knows. You're now making 10 pips gain. Don't let the trade to go in red. Good luck !



Quoting kotlt
EP 1.0644, SL 1.0612
  • #41,924
  • Dec 10, 2012 6:48am Dec 10, 2012 6:48am
Entered short UsdChf

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" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #41,925
  • Dec 10, 2012 7:10am Dec 10, 2012 7:10am
Let's make some money !
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  • #41,926
  • Dec 10, 2012 7:27am Dec 10, 2012 7:27am
Koltl, you need a bunch of pips before your target !
Quoting kotlt
EP 1.0644, SL 1.0612
  • #41,927
  • Dec 10, 2012 7:41am Dec 10, 2012 7:41am
Quoting umbro
Koltl, you need a bunch of pips before your target !
Now SL to BE and let the trade run

AU look like have a long setup, a green candle with high volume break previous high. Maybe i will enter long when price re-test dragon.
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Keep Simple...!
  • #41,928
  • Dec 10, 2012 7:44am Dec 10, 2012 7:44am
Quoting kotlt
Now SL to BE and let the trade run
Good ! I think I'll change pair soon. btw, the single currency is not offering good opportunities recently. I'm trailing 20% of my remaining load after 10 pips gain but it's okay I don't want to spend my life with my pc.

Good trade !

See you tomorrow. Umbro
  • #41,929
  • Dec 10, 2012 1:07pm Dec 10, 2012 1:07pm
Quoting kotlt
Will short AU if previous low is broke
AU Comment:

Nine hours after your post......looks like profit taking at the highs created by the drive up that started with the US open. This is an obvious Pump & Dump pattern, so more upside is unlikely to soon follow. It is more likely that "down" is coming next, but there might be another temporary hike for accumulation of shorts in next asian session. Of course, that is only a guess. Anything can happen. Overall, this is ranging so we want to be careful if taking a SonicR short setup that there is enough room to the bottom of the range to make the trade worth the risk. From now and well into January, the market might play with the prices in such manner as to enable it to finish closing long term longs and to build sizeable long term shorts. And this could mean repeated thrusts back to the high grounds to make maximum profits when closing longs and to get the best prices when opening shorts. In other words, the market might not put on any substantial moves or enduring moves, not on this pair and maybe not on any USD pair. Instead, it might use this time to range prices up/down while it works to reverse positions.

Warning: Speculative.
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  • #41,930
  • Dec 10, 2012 7:12pm Dec 10, 2012 7:12pm
EJ opened Long

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  • #41,931
  • Dec 10, 2012 9:35pm Dec 10, 2012 9:35pm
Quoting traderathome
AU Comment:

Nine hours after your post......looks like profit taking at the highs created by the drive up that started with the US open. This is an obvious Pump & Dump pattern, so more upside is unlikely to soon follow. It is more likely that "down" is coming next, but there might be another temporary hike for accumulation of shorts in next asian session. Of course, that is only a guess. Anything can happen. Overall, this is ranging so we want to be careful if taking a SonicR short setup that there is enough room to the bottom of the range to...
Yeah lucky i do not long AU because ...sleeping . Wait other setup.

AJ have valid short setup?
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Keep Simple...!
  • #41,932
  • Dec 11, 2012 3:24am Dec 11, 2012 3:24am
News in 1 hr time will set some tone..


Sonic
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  • #41,933
  • Dec 11, 2012 3:29am Dec 11, 2012 3:29am
Entered long EurUsd

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" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #41,934
  • Dec 11, 2012 4:01am Dec 11, 2012 4:01am
Quoting Shooter150
Entered long EurUsd

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watch out both uchf and eu are on top of the dragon, ive been waching this as well but playing it cautiously.
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  • #41,935
  • Dec 11, 2012 4:21am Dec 11, 2012 4:21am
UJ long setup
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Keep Simple...!
  • #41,936
  • Dec 11, 2012 4:24am Dec 11, 2012 4:24am
Quoting kotlt
UJ long setup
There is a lot of resistance just above where U/J is at the moment. IMHO this trade is not worth the risk!
  • #41,937
  • Dec 11, 2012 4:38am Dec 11, 2012 4:38am
GU Comment:

Keep an eye on this one. Floundering in area of previous highs and showing highest trading activity up there, too. This could mean the market is selling off and getting ready to drive it down. Dragon is flat. US open yet to come. Then might be the time, after the US market gets a crack at shorting at the highs. If the London market starts this down, most likely the US market will take it back up somewhat. That play in price could give the Dragon the down angle we look for.
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  • #41,938
  • Dec 11, 2012 5:15am Dec 11, 2012 5:15am
I'm sorry to tell you. I didn't understand anything about your comment ! What you're taliking about ? The weather ?
Quoting traderathome
AU Comment:

Nine hours after your post......looks like profit taking at the highs created by the drive up that started with the US open. This is an obvious Pump & Dump pattern, so more upside is unlikely to soon follow. It is more likely that "down" is coming next, but there might be another temporary hike for accumulation of shorts in next asian session. Of course, that is only a guess. Anything can happen. Overall, this is ranging so we want to be careful if taking a SonicR short setup that there is enough room to the bottom of the range to...
  • #41,939
  • Dec 11, 2012 5:17am Dec 11, 2012 5:17am
Let's go back to trade !
Quoting umbro
I'm sorry to tell you. I didn't understand anything about your comment ! What you're taliking about ? The weather ?
  • #41,940
  • Dec 11, 2012 5:43am Dec 11, 2012 5:43am
Here's the trade ! A lot of traders went throught it. Be humble.
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