If you are good at something, never do it for free--Joker
- #52,941
- Jul 8, 2013 2:34am Jul 8, 2013 2:34am
- Joined Oct 2012 | Status: Trade Small, Win Big | 4,988 Posts
- #52,942
- Edited 3:05am Jul 8, 2013 2:46am | Edited 3:05am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
GM @TAH - Congratulations on another profitable week 
An interesting fact about your entries is the hedges that you are building via your diverse entries. Viz: you are holding several open longs in cable - GBPUSD - but last week banked 3230 pips via your short GJ which from my point of view was a nice hedge! - and IMO lends great credence to your methodology.
@ jmn5611 I found your posts interesting as I have traded in a similar manner for some years now. If you and TAH can agree a starting balance - or max number of open micro's then it will make a true comparison possible.
Right, so here's my pic.....
EP 1 a scout off the 1 min entered after the first close > 1m upward sloping dragon (an objective entry) after the second high volumed push down below the 101 level.
EP 2 another scout entered after the first close > 5m upward sloping dragon.
Now to see IF the 15m turns up and allows another entry.....
Edit: Stop to EP 2 + 1 pip - remember I'm intra-day trading - just parts of the London Session....so this is now a "protect profits Stop"
An interesting fact about your entries is the hedges that you are building via your diverse entries. Viz: you are holding several open longs in cable - GBPUSD - but last week banked 3230 pips via your short GJ which from my point of view was a nice hedge! - and IMO lends great credence to your methodology.@ jmn5611 I found your posts interesting as I have traded in a similar manner for some years now. If you and TAH can agree a starting balance - or max number of open micro's then it will make a true comparison possible.
Right, so here's my pic.....
EP 1 a scout off the 1 min entered after the first close > 1m upward sloping dragon (an objective entry) after the second high volumed push down below the 101 level.
EP 2 another scout entered after the first close > 5m upward sloping dragon.
Now to see IF the 15m turns up and allows another entry.....
Edit: Stop to EP 2 + 1 pip - remember I'm intra-day trading - just parts of the London Session....so this is now a "protect profits Stop"
Trading Levels with WRBs
- #52,943
- Jul 8, 2013 2:50am Jul 8, 2013 2:50am
- Joined Oct 2012 | Status: Trade Small, Win Big | 4,988 Posts
GM @TAH - Congratulations on another profitable week
I had asked tah about this, so we can really get a good metric, but he seems reluctant to do this, there could be many reasons as to why....fear is not one of them however.
But, tah, if we can get some hard lot sizes going it would make a summary of risk vs reward a lot easier. You game?
If you are good at something, never do it for free--Joker
- #52,944
- Jul 8, 2013 3:01am Jul 8, 2013 3:01am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading Levels with WRBs
- #52,949
- Edited 4:34am Jul 8, 2013 4:09am | Edited 4:34am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading Levels with WRBs
{quote} I had asked tah about this, so we can really get a good metric, but he seems reluctant to do this, there could be many reasons as to why....fear is not one of them however. But, tah, if we can get some hard lot sizes going it would make a summary of risk vs reward a lot easier. You game?
My understanding is you plan to teach the forum about Classic Sonic r trades utilizing the added benefit of PVSRA.
You need to show the trades/pending trades using the standard Sonic R format for showing trades with more details to make it clear what you are saying.
.......... in my opinion.
- #52,951
- Jul 8, 2013 5:04am Jul 8, 2013 5:04am
- | Joined Nov 2011 | Status: the probability trader | 1,110 Posts
Hi, guys! Is it possible to create indicator which one will show the level of average Stop loss for multytrades in accordance with risk % indicated by inputs? I am using indicator like this for getting calculation of an average entry price. (attached) Below the picture with example. Blue line is level of Average entry calculated by indicator. Red line is manually calculated level of Average stop loss. {image} {file}
Version #2 is available!
Now it is possible to plot information about opened positions on the chart.
Everything is possible!!! Step by Step...
- #52,954
- Jul 8, 2013 7:35am Jul 8, 2013 7:35am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
{quote} This system is only to help, but you must also analyze the market yourself especially Nikki - SP500 and good macro Economic Calendar I would not open shorts 97 96 98 at the growing market of Nikki SP500, before the results of companies 2 Q thi is madness to open shorty {image} {image} {image} {image}
I have NOT mentioned (so far today) shorting UJ and when I last checked, was not trading from an asylum, but from my laptop, in my garden, sitting by my pool!
Trading Levels with WRBs
- #52,956
- Jul 8, 2013 8:02am Jul 8, 2013 8:02am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
OK, my last post today. I was doozing when my audio alert told me to take a look at Cable - and so I was late entering and I have shown my correct entries as I have posted many times before......i.e. after the turn of the appropriate dragon.
Here, the 15m was continuing to slope upwards and thus these were Pull Back entries around the **00 level
The wide ranged green semi marbozo high candle was with high volume - so sellers / profit takers active in and as that was also a Bull Climax candle - I joined them
Here, the 15m was continuing to slope upwards and thus these were Pull Back entries around the **00 level
The wide ranged green semi marbozo high candle was with high volume - so sellers / profit takers active in and as that was also a Bull Climax candle - I joined them
Trading Levels with WRBs
- #52,958
- Jul 8, 2013 8:09am Jul 8, 2013 8:09am
OK, my last post today. I was doozing when my audio alert told me to take a look at Cable - and so I was late entering and I have shown my correct entries as I have posted many times before......i.e. after the turn of the appropriate dragon. Here, the 15m was continuing to slope upwards and thus these were Pull Back entries around the **00 level
All EP same lot size?
Newbie trader
- #52,959
- Jul 8, 2013 8:23am Jul 8, 2013 8:23am
- Joined Nov 2012 | Status: Trader | 5,895 Posts
{quote} What has your post got to do with firstly, my well known and just again documented use of Sonic's indicators and system for intra day trading - a closed trade which has extracted the maximum pips available so far this LS??.....and secondly, why are you posting NON Sonic charts with multiple spurious indicators??
I wish you as much as possible pipsU J chance of correction to the area 100 100 30
- #52,960
- Jul 8, 2013 8:33am Jul 8, 2013 8:33am
- Joined Oct 2012 | Status: Trade Small, Win Big | 4,988 Posts
{quote} I can't speak for tah, and would never try, but tah is all about TEACHING, and what you are suggesting smacks of a competition. My understanding is you plan to teach the forum about Classic Sonic r trades utilizing the added benefit of PVSRA. You need to show the trades/pending trades using the standard Sonic R format for showing trades with more details to make it clear what you are saying. .......... in my opinion.
Setting a metric for later analysis is hardly a competition. Be glad the engineers in your city set metrics in their classes. We want to find the best way to trade, right? So it needs to be quantifiable and measurable. Who knows, SonicR classic might be antiquated. VSA might have better risk parameters than classic trading with the price trend. VSA is how the pro's trade, right? Setting a metric could be very important to all of us down the road so we don't go down blind alleys and new comers do not try to reinvent the wheel.
If you are good at something, never do it for free--Joker