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Sonic R. System

  • #58,241
  • Sep 4, 2013 7:02am Sep 4, 2013 7:02am
Quoting revoli
A 3 dragons AU long taken, (short PVSRA - this is a momentum scalp hedging my bets). These are larger than my normal PVSRA lot size run separately in second account. I am playing with this as it is not my normal scalping method so need to be cautious. Not the best tie of day to trade but I missed the London early session. All dragons in agreement, failure to fall on down bar with volume, its got to go up. A convenient negative narrow range bar warning of potential issues followed by falling volumes on rising price - no more buyers. Closed for 16.3...

Nice - good to see the Three Dragons on a different pair
Trading Levels with WRBs
  • #58,242
  • Sep 4, 2013 7:19am Sep 4, 2013 7:19am
Quoting mtrader123
{quote} I was in the same trade plus I am now in EURUSD. Anyway, how do you set your SL? How far away from your entry? When it comes to me I am aiming for 20 pips profit with 40 pips initial SL and entering only when all four pairs are in sync (kind of confluence for me).

Please do a little homework and read the earlier posts - in this case, #58,060 only 46 hours ago, already told you how I would be posting and notionally trading during September!

If you don't already know, by placing your cursor over a persons name, you bring up their "number of posts" - 7,056 for me and 124 for you - click on the number and it will bring up a list of those posts.....

For me, a 40 pips SL and TP at 20 pips is wrong - I would look at the reverse for a 2:1 return......as for "all fours pairs in sync" - which pairs? IF you are talking about the four that I posted recently on my "5m Multi" screen shot, you will wait a long time, as UsdChf as a proxy for $US will usually move in the opposite direction to EurUsd and GbpUsd!
Trading Levels with WRBs
  • #58,243
  • Sep 4, 2013 7:32am Sep 4, 2013 7:32am
Quoting loeil
{quote} Yeah I know that's why I thought he made a mistake, because 12k pips is a 1200$. And 1200$ is NOT 1200€. I closed my EA today, made 10 000 pips, I didn't get 1000€, I got 700€.
I have an account in EURO and my Broker is VANTAGE FX (UK). And actually i have made 1233 euro, just rounding It up, and 12499 pips, rounding as well!
There is no spoon....
  • #58,244
  • Edited 8:08am Sep 4, 2013 7:35am | Edited 8:08am
Three Dragons GbpUsd Continuation

I went out after closing that trade just before 09:00 GMT and so did not take this nice continuation after Cable held above its 5600 level - easily $40 available that will not be in this week's total!

Edit: I sold UJ just after NYO 1

Edit2: stopped out for a wash - I was looking for the **25 level - now waiting for NYO 2
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Trading Levels with WRBs
  • #58,245
  • Sep 4, 2013 7:54am Sep 4, 2013 7:54am
The first ding-dong for USD
Announced trade balance is worse than expected.
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I suppose the problem could be solved only by export of Tomahawks
Everything is possible!!! Step by Step...
  • #58,246
  • Sep 4, 2013 8:34am Sep 4, 2013 8:34am
Hi,

How do you calculate Pivot (PVT) value and what it means?
  • #58,247
  • Sep 4, 2013 8:55am Sep 4, 2013 8:55am
Speculative UCAD PVSRA opened earlier prior to US and CAD news. May get drilled back down so being cautious with entries. Ideally a bit of ranging prior to a good up move. Not heard anyone else playing this lately.

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Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #58,248
  • Sep 4, 2013 8:59am Sep 4, 2013 8:59am
Quoting skofi
Hi, How do you calculate Pivot (PVT) value and what it means?
Google that one for way to use but its basically an average of previous H/L/C for the pivot. Used extensively so a self licking lollipop.

Standard Pivot Points
R3 = H + 2( Pivot - L
R2 = Pivot + ( H - L )
R1 = ( 2 x Pivot ) - L
Pivot = ( H + L + C ) / 3
S1 = ( 2 x Pivot ) - H
S2 = Pivot - ( H - L )
S3 = L - 2( H - Pivot )
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #58,249
  • Sep 4, 2013 10:27am Sep 4, 2013 10:27am
Quoting Msis125125
{quote} I have an account in EURO and my Broker is VANTAGE FX (UK). And actually i have made 1233 euro, just rounding It up, and 12499 pips, rounding as well!
I tried now VANTAGE FX (UK), opened demo account in EURO.

I made UJ short trade with 0.01 lot. Closed after 3 pips, and profit is 0.20. So this broker gives 0.07 € per pip. Thats exactly same as mine broker.
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So I really don't understand if you did 0.01 trades on EA, took ~12 000 pips and ~1200€ . My calculates gives me 12 000 x 0.07 = 840€ which is much much smaller than 1200€ .

What I missed now?

I'm just curious, is there really some broker who gives better pip value than others
Whatever is obvious is obviously wrong!"
  • #58,250
  • Sep 4, 2013 10:36am Sep 4, 2013 10:36am
EU

I closed my trades in profit to bank some pips because the downtrend is broken now but I still believe in a mid term short trade. but meanwhile I decided to close those trades I had in positive and I banked 1286 pips (around 3%).

This is the worst trade I ever did since I started with PVSRA but now I just have to think how to manage it to win money with it. Not proud, terrible trade, but let's handle it.
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To fail is just an opportunity to learn
  • #58,251
  • Sep 4, 2013 10:43am Sep 4, 2013 10:43am
EU long.

first trendline broken Maybe running stops

H.
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"The future is already written in the past"
  • #58,252
  • Sep 4, 2013 10:44am Sep 4, 2013 10:44am
Quoting loeil
{quote} I tried now VANTAGE FX (UK), opened demo account in EURO. I made UJ short trade with 0.01 lot. Closed after 3 pips, and profit is 0.20. So this broker gives 0.07 € per pip. Thats exactly same as mine broker. {image} So I really don't understand if you did 0.01 trades on EA, took ~12 000 pips and ~1200€ . My calculates gives me 12 000 x 0.07 = 840€ which is much much smaller than 1200€ . What I missed now? I'm just curious, is there really some broker who gives better pip value than others
Then you trade EA, you get profit in AUD. If EA=1.43 then AE=~0.7
1200*0.7=~834EUR
  • #58,253
  • Sep 4, 2013 10:57am Sep 4, 2013 10:57am
Quoting loeil
{quote}What I missed now?
Pip value on every currency pair is diffrent: one pip on GBPUSD has more value than one pip on EURUSD, because value in money every currency in pair is different. Maybe value of one pip for EURAUD is higher ? I don't know this, but your broker should give this kind of information on web site. Here is sample from fxpro site: http://www.fxpro.co.uk/trading/produ...specifications
  • #58,254
  • Sep 4, 2013 11:06am Sep 4, 2013 11:06am
Quoting astra
{quote} Pip value on every currency pair is diffrent: one pip on GBPUSD has more value than one pip on EURUSD, because value in money every currency in pair is different. Maybe value of one pip for EURAUD is higher ? I don't know this, but your broker should give this kind of information on web site. Here is sample from fxpro site: http://www.fxpro.co.uk/trading/produ...specifications
No, EURUSD and GBPUSD pip values are the same. At least Armada Markets. Almost all pairs have the same pip value (a very small difference), EURAUD little less, maybe some pairs too.
Look here:
http://www.armadamarkets.com/market-...x-calculators/
Whatever is obvious is obviously wrong!"
  • #58,255
  • Sep 4, 2013 11:07am Sep 4, 2013 11:07am
Some Update

UC http://wp.me/p3N6R9-oT
500euroalgiorno.wordpress com
  • #58,256
  • Sep 4, 2013 11:09am Sep 4, 2013 11:09am
ok, my mistake, look for EURGBP or EURCHF. Value of 1p is higher on this pairs, than on EURUSD
  • #58,257
  • Sep 4, 2013 11:11am Sep 4, 2013 11:11am
Quoting astra
ok, my mistake, look for EURGBP or EURCHF. Value of 1p is higher on this pairs, than on EURUSD
Yeah but only those gives more pip values Everyone else gives 0.07-0.08, the most traded pairs I mean.
Whatever is obvious is obviously wrong!"
  • #58,258
  • Sep 4, 2013 11:20am Sep 4, 2013 11:20am
Quoting qFish
{quote} AU: Short Ep 6 triggered. {image}
AU: MM's push price up for more shorting targeting the next historic SR level, which is our strong area of resistance. Added short EP #7-13 along the way up. M1 analysis says all. MM still BEARs.
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insanity: Doing the same thing over... and expecting different results -AE
  • #58,259
  • Sep 4, 2013 11:27am Sep 4, 2013 11:27am
Quoting qFish
{quote} UJ: Ep 25 added manually. Ep 26 triggered at 75 SR level. MMs push price up followed by heaving selling on the M1. BEARs. The whole number 100.00 has not been hit so I expect another drive up. I have a limit order there waiting. {image}
UJ: Added Ep 27 & 28 in consolidation price ranging. See my analysis.
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insanity: Doing the same thing over... and expecting different results -AE
  • #58,260
  • Sep 4, 2013 11:38am Sep 4, 2013 11:38am
Quoting Tymedu
EU I closed my trades in profit to bank some pips because the downtrend is broken now but I still believe in a mid term short trade. but meanwhile I decided to close those trades I had in positive and I banked 1286 pips (around 3%). This is the worst trade I ever did since I started with PVSRA but now I just have to think how to manage it to win money with it. Not proud, terrible trade, but let's handle it. {image}
well done...re-group...gain some margin, reduce exposure and breathe a little easier...if you see more short signs, you add shorts, if it continues going down...its all good...
It is possible to make large sums trading, small losses, large wins
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