EU: ....... ..... will be happy to hear this report that all scouts, some deep in enemy territory for an extended time, came back as a victorious group!
-tah
haha, i like the way you think now! keep doing it!
cheers!
fokyou forexfactory
- #44,281
- Feb 20, 2013 5:03pm Feb 20, 2013 5:03pm
- | Membership Revoked | Joined Jun 2011 | 2,124 Posts
haha, i like the way you think now! keep doing it!
cheers!
- #44,285
- Edited 9:45pm Feb 20, 2013 9:16pm | Edited 9:45pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Pure speculation. How can you be so sure what MM is doing other than speculation.
How can any retail traders trade this way?
This is not 34EMA wave trading what Raghee Horner' system is about ...
... and definitely not sonicR shared by sonicdeejay.
We SELL when EMA34 is below EMA89.
We BUY when EMA34 is above EMA89.
simple basic rule to follow, follow market structure and with apply Price Action knowledge it can go a long way to profitable trading with minimal drawdown.
Learn to cut your losses when market tells you that your are...
As for how can I be so sure about what the MMs are doing, you did not read very carefully and therefore you made an incorrect assumption. You better re-read my opening line, "I was just pointing out that a plausible reason for the....." And, if you do not know the definition of "plausible", go look it up before you assume an accusing posture. Aw, heck! I'll be generous and help you out here. It means, among other things "conceivable". And it you don't consider what I said about the MMs as being concievable, then you have a very closed mind. Also, while you are so quick to criticize me, you left out the fact that I concluded with the conditional statement, "Only subsequent PA will tell for sure." Or, didn't you understand that correctly either?
-tah
- #44,286
- Feb 20, 2013 9:34pm Feb 20, 2013 9:34pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #44,289
- Feb 20, 2013 10:28pm Feb 20, 2013 10:28pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #44,292
- Edited 5:25am Feb 21, 2013 4:35am | Edited 5:25am
- | Commercial User | Joined Mar 2008 | 9,069 Posts
It always comes back to the basics.....
Let's face it. Any, not just some, but ANY trade we make is nothing more than
an "educated guess." All of the comments on the thread are worthy of reading,
as they cummulatively help us in forming our own (with emphasis on 'our own')
opinions as to what the price might, or might not, do next.
The best thing for each of us would be to stick to the basic principals of the
Sonic R Method to determine when to take the next "leap of faith." Make certain
that the basic rules are evident and then, and only then, apply the other things
we have taken from the comments to make the final decision.
And the biggest rule of all - HAVE A PREDETERMINED IDEA AS TO WHERE TO
GET OUT OF A TRADE - AND STICK TO IT! One loss CAN make or break you if
you allow it to. I'm certainly no stranger to the "if only's" and I can point out
times where I continued to think/hope/pray a trade direction would/could/should
reverse and go in my favor, only to realize I was VERY wrong in thinking that way.
Forex trading isn't a game, or a get-rich-quick scheme. It takes a lot of hours of
study and practice. If you don't start out following, in the very least, the basic
rules of Sonic R you are doomed from the beginning. Sure you might have "moments
of glory," but they will be few and far between. Reality always wins out in the end.
(stepping down from my soap box now
)
Let's face it. Any, not just some, but ANY trade we make is nothing more than
an "educated guess." All of the comments on the thread are worthy of reading,
as they cummulatively help us in forming our own (with emphasis on 'our own')
opinions as to what the price might, or might not, do next.
The best thing for each of us would be to stick to the basic principals of the
Sonic R Method to determine when to take the next "leap of faith." Make certain
that the basic rules are evident and then, and only then, apply the other things
we have taken from the comments to make the final decision.
And the biggest rule of all - HAVE A PREDETERMINED IDEA AS TO WHERE TO
GET OUT OF A TRADE - AND STICK TO IT! One loss CAN make or break you if
you allow it to. I'm certainly no stranger to the "if only's" and I can point out
times where I continued to think/hope/pray a trade direction would/could/should
reverse and go in my favor, only to realize I was VERY wrong in thinking that way.
Forex trading isn't a game, or a get-rich-quick scheme. It takes a lot of hours of
study and practice. If you don't start out following, in the very least, the basic
rules of Sonic R you are doomed from the beginning. Sure you might have "moments
of glory," but they will be few and far between. Reality always wins out in the end.
(stepping down from my soap box now
)
- #44,296
- Feb 21, 2013 7:01am Feb 21, 2013 7:01am
GU: one of my classic trade, not Sonic rules.
I followed my Stoch indi, from M1 to H4 already oversold, the point is GU only BUY now, good for long term.
The price will go to 1.58240
Attachment
Attachment
no gain ..... no pain
- #44,299
- Feb 21, 2013 8:46am Feb 21, 2013 8:46am
- | Membership Revoked | Joined May 2008 | 3,395 Posts
The Market pays you to be disciplined
