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Sonic R. System

  • #50,541
  • Jun 7, 2013 12:10am Jun 7, 2013 12:10am
Quoting traderathome
{quote} GJ Short Trade: Closed all eleven parts for 3,520 pips gain. {image}
Man that's alot of pips!
Creditors have better memories than debtors.
  • #50,542
  • Jun 7, 2013 1:13am Jun 7, 2013 1:13am
Quoting traderathome
{quote} gain. {image}

yea gain needed to for cover the g6ne
  • #50,543
  • Jun 7, 2013 1:20am Jun 7, 2013 1:20am
Quoting jasakreatif
{quote} yea gain needed to for cover the g6ne
jasakreatif,

If you don't mind my saying so, you are full of bull shit. I was up 6,083 banked pips for the week even before I closed that trade for 3,520 pips. Yeah, that's right. I now have 9,603 banked pips for the week, all from real-time trades posted right here on this thread. So go suck an egg.

-tah
  • #50,544
  • Jun 7, 2013 1:24am Jun 7, 2013 1:24am
Quoting traderathome
{quote} I, for one, agree that PVSRA needs time..... So, my answer is "No!" {image} {image}
Well done TAH. Like a good trader you stick to your plan. Compliments!
Posting Demo charts, mirroring some of them live.
  • #50,545
  • Jun 7, 2013 1:25am Jun 7, 2013 1:25am
Man i wish this euro would fall!!!
Creditors have better memories than debtors.
  • #50,546
  • Jun 7, 2013 1:28am Jun 7, 2013 1:28am
UCHF Long Trade.
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Whatever is obvious is obviously wrong!"
  • #50,547
  • Jun 7, 2013 1:30am Jun 7, 2013 1:30am
Hi guys.

Here's another upcoming SonicR classic sell trade on the EJ. The third trade. Looks like everything is in place. Only problem is... with SL at previous support, where do we put our TP? I guess I'll just use RR at 1:2. Any suggestions? See below.

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Unfortunately I missed the previous setup, which would have profited over +100 pips!

At any rate, here's a second chance. Let's just see how things turn out in the next few hours. Will the Yen keep falling like the last two hits?
insanity: Doing the same thing over... and expecting different results -AE
  • #50,548
  • Jun 7, 2013 1:30am Jun 7, 2013 1:30am
Quoting worldfreedom
Who broke the market. I leave for a day and what happens? Ok seriously as everyone has been told time and time again trade small relative to you account size. Many of you sound as if you have spent all your bullets. Everyone should have known that trading the interest rate decisions and NFP can be extremely volatile. Now with that said. Who knows the the relation ship between the us crosses, yen crosses, and the UJ? I will see if I can explain and why this could be a very nice trade setup. For example we will use the GU, GJ, and UJ. The GJ will...
Morning guys.

Excellent explanation there world, congrats. This is why I say it's important to have fundamental knowledge. It's important to know what is causing the price movement. Yesterday we had a huge dolar sell off with a lot of stop hunted and a big panic momentum. Draghi said nothing about EUR, so Draghi didn't cause this.

Today is the release of one of the most important US data, the NFP. Market anticipated a lot the NFP result and today we could have a huge reversal in EU, GU and UJ. Why? Because the yen situation is the same, Abenomic still needs a weak yen to increase the exports. Yesterday moves was not caused by the yen like we saw the last month, it was caused by the dolar.

Same with EU and GU. Eurozone is shit right know, and the last thing they need is a strong EUR because their weak economy it's been hold only because they are having good exports. If the EUR rises too much, exports will decrease and that could be a disaster.

-------------------------

This is a weak and short fundamental analysis. I'm not saying you or anyone should trade based on this of course. Having this as a base, you can apply it to your system, no matter if your system is a classic sonicR entries, PVSRA or another one. But it's always good to have fundamental knowledge. Then you have to do your technical analysis and then you have to setup your strategy.

My strategy with EU was clear, and it's still clear. I said a week ago. I'm looking for a mid term EU short position. It's also clear I didn't expect this beast move but well, this is trading. From my point of view EU is still bear. If you or anyone are long EU it's completely ok of course, a short term trade with the trend that deserve all my respect.

But we have to understand that if we use PVSRA to trade, our trades can be short term or mid term, and that is why it's so important to have a good bank management. I didn't have a good bank management in these trades, I know it and it's a lesson learnt for the next one.
To fail is just an opportunity to learn
  • #50,549
  • Jun 7, 2013 1:40am Jun 7, 2013 1:40am
Quoting Tymedu
{quote} Morning guys. Excellent explanation there world, congrats. This is why I say it's important to have fundamental knowledge. It's important to know what is causing the price movement. Yesterday we had a huge dolar sell off with a lot of stop hunted and a big panic momentum. Draghi said nothing about EUR, so Draghi didn't cause this. Today is the release of one of the most important US data, the NFP. Market anticipated a lot the NFP result and today we could have a huge reversal in EU, GU and UJ. Why? Because the yen situation is the same,...

10000% Agree good bank management is a must!
Attached Image
Creditors have better memories than debtors.
  • #50,550
  • Jun 7, 2013 1:48am Jun 7, 2013 1:48am
Quoting traderathome
{quote} jasakreatif, If you don't mind my saying so, you are full of bull shit. I was up 6,083 banked pips for the week even before I closed that trade for 3,520 pips. Yeah, that's right. I now have 9,603 banked pips for the week, all from real-time trades posted right here on this thread. So go suck an egg. -tah
i'm not talking your bank, i said gain needed to cover gone , am i wrong?
  • #50,551
  • Jun 7, 2013 2:03am Jun 7, 2013 2:03am
Well done TAH , fantastic principle keep up the good work. Cheers
  • #50,552
  • Jun 7, 2013 2:12am Jun 7, 2013 2:12am
Quoting Tymedu
{quote} Morning guys. Excellent explanation there world, congrats. This is why I say it's important to have fundamental knowledge. It's important to know what is causing the price movement. Yesterday we had a huge dolar sell off with a lot of stop hunted and a big panic momentum. Draghi said nothing about EUR, so Draghi didn't cause this. Today is the release of one of the most important US data, the NFP. Market anticipated a lot the NFP result and today we could have a huge reversal in EU, GU and UJ. Why? Because the yen situation is the same,...
Thank you Tymedu. We all can only prepare for the worst. With a strategy such as PVSRA, with the best bank management in place, we have already prepared for the worst: complete loss of account with the smallest risk in place. However, the impossibility can always happen. But it's ok, b/c we've prepared for it. And this account is not something we live/rely on. It's something we can bear to lose. Live to trade another day while learning from the biggest uncertainties that remind us, that our trading can always use improvement. Wipe of an account does not mean end all. I've suffered through the crash of two live accounts that has stagnated my progress that required a few years of recluse before trying again today. Fortunately, those accounts was from funds I can AFFORD to lose. That's why I'm back, but this time, with FF in my toolbox, and a community to learn and grow.
insanity: Doing the same thing over... and expecting different results -AE
  • #50,553
  • Jun 7, 2013 2:15am Jun 7, 2013 2:15am
Entered some short yesterday when i saw them entering short after the retracement and i banked 6x200 1200pips and am entering more short as i see them and wait for them to move it lower again... SR is very important in PVSRA
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  • #50,554
  • Jun 7, 2013 2:21am Jun 7, 2013 2:21am
Quoting traderathome
{quote} GJ Short Trade: Closed all eleven parts for 3,520 pips gain. {image}
Quoting jasakreatif
{quote} yea gain needed to for cover the g6ne
Quoting traderathome
{quote} jasakreatif, If you don't mind my saying so, you are full of bull shit. I was up 6,083 banked pips for the week even before I closed that trade for 3,520 pips. Yeah, that's right. I now have 9,603 banked pips for the week, all from real-time trades posted right here on this thread. So go suck an egg. -tah
Quoting jasakreatif
{quote} i'm not talking your bank, i said gain needed to cover gone , am i wrong?
Yes, you are wrong. The gain wasn't needed to cover anything.
  • #50,555
  • Jun 7, 2013 2:31am Jun 7, 2013 2:31am
Quoting traderathome
{quote} {quote} {quote} {quote} Yes, you are wrong. The gain wasn't needed to cover anything.

i see..... i wish gain for ya granpa :-)
  • #50,556
  • Jun 7, 2013 2:37am Jun 7, 2013 2:37am
Quoting traderathome
{quote} GJ Short Trade: Closed all eleven parts for 3,520 pips gain. {image}

I'm watching from time to time this thread, congratulation for your results!

job well done!
fokyou forexfactory
  • #50,557
  • Jun 7, 2013 2:49am Jun 7, 2013 2:49am
Yen Crosses - GbpJpy, EurJpy etc

@worldfreedom Nicely put and I too took the afternoon off and missed the fun and had a 20 pip loss in my Swissy scouts. I've mentioned numerous times my personal preference when considering trading a Yen Cross......wait until both components move in the same direction - i.e. they are in harmony before trading the cross.

Otherwise, just trade the component on its own. Think how much EurJpy would have fallen yesterday IF € had gone down 200 pips instead of up 200 pips!

As usual, a chart says it all - and posting one is in keeping with Sonic's wishes
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Trading Levels with WRBs
  • #50,558
  • Jun 7, 2013 2:51am Jun 7, 2013 2:51am
See where i entered the sell trade...just above 128.25 will wait and move SL to BE before NFP if am already in profit and see where the MM are going to end the downward movement... as for EU and GU am going to wait and see if they are going to add more Pump and joined the pumping and if they decide to take it down before pumping i will definite wait and join the race up again because to me the MM are currently bull.....
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  • #50,559
  • Jun 7, 2013 2:57am Jun 7, 2013 2:57am
Quoting traderathome
{quote} GJ Short Trade: Closed all eleven parts for 3,520 pips gain. {image}
Prof Tah,

That is quite outstanding. I would be particularly interested to learn about your management principles, particularly when trades turn bad.

Guys,

Do we have a post on this in this form - the varous PVSRA pdfs?

Ta
  • #50,560
  • Jun 7, 2013 3:29am Jun 7, 2013 3:29am
Thank you Islander for your posts. I´m interested in yen pairs, seems they are a little less manipulated?
Tah, you´re my reference, I understand not every day is a paradise, but I´m sure that understanding the MM movements is great.
Thank you for all the people that contribute here.
My post: I´m short in EU, I´m a newbie and it´s going against me right now
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