EJ : fibo level 50 in weekly chart, will break or not? Lets market decide 
- #48,562
- May 10, 2013 5:54am May 10, 2013 5:54am
GU short TP hit. I took some of these out yesterday which in hindsight was a mistake. One left to run to it's TP, protecting with stops along the way. 353 pips on this pair so far.
Edit: Drawdown on this was about 360 pips and it has been running since about 29th April. On my maths for required account size to cover this that is about 1% return on account size.
Edit: Drawdown on this was about 360 pips and it has been running since about 29th April. On my maths for required account size to cover this that is about 1% return on account size.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
{quote} Nicoacademia, TAH always refers to pips rather than currency amounts, because that is what the target is. I'm not saying the money isn't important, but making reference to currency gains could "put stars in the eyes" of some people, and cause them to blindly jump into something with visions of great wealth flowling their way. The currency involved is a reflection of what each person uses in their trade sizes. It's somewhat irrelevant. Representing trades with pips gained or lossed is more transferrable to everyone as a whole...
my point is as i reiterate. is that there is a real money entry point that must first be fulfilled before anyone embarks on this.
and that dollar value is $1000. only using micro lots(1,000 of ccy).
when I grow up I want to come live in $ingapore...- #48,565
- May 10, 2013 6:01am May 10, 2013 6:01am
- | Joined Nov 2011 | Status: the probability trader | 1,110 Posts
EJ : fibo level 50 in weekly chart, will break or not? Lets market decide
More reasons for soon selling!
Everything is possible!!! Step by Step...
- #48,567
- Edited 6:50am May 10, 2013 6:15am | Edited 6:50am
- | Commercial User | Joined Mar 2008 | 9,069 Posts
{quote} Tp on shorts..
Chart will post in 1 hr Sonic
Trend is your only friend. By understanding the volume spread analysis, you will know in advance that trend change may be coming, but wait until price action to tell you so.
Sonic
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- #48,568
- May 10, 2013 6:57am May 10, 2013 6:57am
- | Commercial User | Joined Mar 2008 | 9,069 Posts
It is amazing!! I have been losing before because I didn't have a fixed trading system.Then I saw the SONIC and tried this system. Now conditions began to improve, thank you! Ps:sorry for my English!
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Sonic
- #48,569
- Edited 7:26am May 10, 2013 7:02am | Edited 7:26am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
{quote} aye aye, captain..Sonic
Arrrr me hearties, I be back from the ocean....now maybe UJ has found an area to turn it back down.....TWT.
PS Remember that the G7 are meeting in London today & tomorrow and that includes the BOJ guys...
....and Helicopter Ben's speaking in an hour, so plenty of opportunities for news driven spikes....
Trading Levels with WRBs
- #48,570
- May 10, 2013 7:23am May 10, 2013 7:23am
- | Commercial User | Joined Mar 2008 | 9,069 Posts
{quote} Arrrr me hearties, I be back from the ocean....now maybe UJ has found an area to turn it back down.....TWT.
Days of big move may soon be over..
Sonic
- #48,571
- May 10, 2013 7:35am May 10, 2013 7:35am
AudNzd
I failed to report on my AusNzd trade that hit TP last night having missed it by less than one pip yesterday. Finally delivered. 251 pips off two lots. Drawdown max was 30 pips. If only they were all like that. Again allowing for an appropriate account size to cover this means actual return is about 1.25% of account size. Still not enough to cover my yen pairs though
. Note - someone asked if I was working off hour chart - no I am working off 1 min principally, looking at PVSRA. I show hour chart as the M1 chart not big enough to show entries and exits. Apologies for not answering that query sooner - just remembered it.
Returning to the yen pairs. These continue to defy gravity and I am probably being obstinate clinging on to them. I have gone back through the one minute chart and I still see the same thing even in hindsight; the volume occurs consistently at the highs with break of the new quarter half or whole numbers (above the dotted yellow line). I still think something has just got to give. Whilst I see this volume at peaks I hold. Some lower highs and lower lows would be handy though. Looks like next week now though so it will end a bad week in the rounds for me 1672 pips booked but a huge overhang on my yen pairs.
I failed to report on my AusNzd trade that hit TP last night having missed it by less than one pip yesterday. Finally delivered. 251 pips off two lots. Drawdown max was 30 pips. If only they were all like that. Again allowing for an appropriate account size to cover this means actual return is about 1.25% of account size. Still not enough to cover my yen pairs though
. Note - someone asked if I was working off hour chart - no I am working off 1 min principally, looking at PVSRA. I show hour chart as the M1 chart not big enough to show entries and exits. Apologies for not answering that query sooner - just remembered it. Returning to the yen pairs. These continue to defy gravity and I am probably being obstinate clinging on to them. I have gone back through the one minute chart and I still see the same thing even in hindsight; the volume occurs consistently at the highs with break of the new quarter half or whole numbers (above the dotted yellow line). I still think something has just got to give. Whilst I see this volume at peaks I hold. Some lower highs and lower lows would be handy though. Looks like next week now though so it will end a bad week in the rounds for me 1672 pips booked but a huge overhang on my yen pairs.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
- #48,574
- May 10, 2013 8:04am May 10, 2013 8:04am
- Joined Sep 2010 | Status: I'm not here... or am I? | 4,000 Posts
Today's zone = Tomorrow's opportunity!
{quote} so i assume your account is >$1000. my point is as i reiterate. is that there is a real money entry point that must first be fulfilled before anyone embarks on this. and that dollar value is $1000. only using micro lots(1,000 of ccy).
I did that intentionally so I can get accustomed to live trading. There is
a big difference between live and demo - especially from a psychological
standpoint.
I began trading using 0.10, but switched to 0.05.
I doesn't take much of an account to get the "real" effects of live trading,
and it's well worth the minimal expense, even if I were to blow it all.
- #48,576
- May 10, 2013 9:05am May 10, 2013 9:05am
- | Commercial User | Joined Mar 2008 | 9,069 Posts
OK here: {image}
I love the way u xplain..
Keep them coming..
Sonic
- #48,577
- Edited May 11, 2013 1:26am May 10, 2013 9:08am | Edited May 11, 2013 1:26am
- | Commercial User | Joined Mar 2008 | 9,069 Posts
- #48,578
- May 10, 2013 9:49am May 10, 2013 9:49am
{quote} Revoli I am not replying to you specifically and really I have no place saying anything at all in this thread as I do not trade using these methods however I am a long time user of volume in my trading and I also have a great respect for Sonic and what has been done in this thread by both Sonic and TAH (I am but a silent follower interested watching the progress). The portion of your statement that I left in my reply is and can be a bit misleading or should I say a point of confusion for traders using volume. In VSA they teach that weakness...
Meantime my EU TP1 finally hit. Again I did manually take some of these out a bit higher earlier in the week in the hope of some more ranging that did not happen. So far on this EU trade 664 pips booked with 5 more positions running with stops that will provide a minimum of at least another 700 pips. Total so far this week 2144 pips. Not enough to cover the Yen overhang.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
- #48,579
- May 10, 2013 9:57am May 10, 2013 9:57am
GU short TP hit. I took some of these out yesterday which in hindsight was a mistake. One left to run to it's TP, protecting with stops along the way. 353 pips on this pair so far. {image} Edit: Drawdown on this was about 360 pips and it has been running since about 29th April. On my maths for required account size to cover this that is about 1% return on account size.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
