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Sonic R. System

  • #58,361
  • Sep 5, 2013 9:11am Sep 5, 2013 9:11am
Quoting wilo808
{quote} Here you go Islander.. http://www.youtube.com/watch?v=LiE1VgWdcQM
@ qfish......posted earlier

@dcmb....yes, April 2013
Trading Levels with WRBs
  • #58,362
  • Sep 5, 2013 9:44am Sep 5, 2013 9:44am
hi guys im back.. ive done puting 2 scouts on UC and UJ for short.... im gonna put distance on each entry like 25-50 pips.. seperation.. since im just using my 500 account... and im only trading this two pair... wish me luck
  • #58,363
  • Sep 5, 2013 10:02am Sep 5, 2013 10:02am
Quoting Islander
{quote} @ qfish......posted earlier @dcmb....yes, April 2013
Nice.
insanity: Doing the same thing over... and expecting different results -AE
  • #58,364
  • Sep 5, 2013 10:10am Sep 5, 2013 10:10am
UJ Short Trade: Added short #1 - #2

Bears pumped the price above full S&R area on high volume, definitely looking for better shorts. So do I
Attached Image(s) (click to enlarge)
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Whatever is obvious is obviously wrong!"
  • #58,365
  • Sep 5, 2013 10:44am Sep 5, 2013 10:44am
Quoting loeil
UJ Short Trade: Added short #1 - #2 Bears pumped the price above full S&R area on high volume, definitely looking for better shorts. So do I {image} {image}
Are you reenter shorts on GU ? Havent picture, sorry. I am just asking you.

Thanks
  • #58,366
  • Sep 5, 2013 10:47am Sep 5, 2013 10:47am
Quoting qFish
Hello guys, Here is a tool I've developed that I use to calculate my money management based on MARGIN CALL, in which is essentially our stop loss (we don't have to trade with stop losses). Trading on margin call can be a safe and effective method, as long as you get the money management principles straight. So, the more you trade, the more of your margin you use up, and thus, the faster you can hit margin call (which can decrease as you open more lots, and in effect lower your stop loss value). Trading small imposes a larger margin call, which gives...
senor qfish, How Determine the Margin Requirement for Pairs? sorry I'm a Newbie. >_<
  • #58,367
  • Sep 5, 2013 10:56am Sep 5, 2013 10:56am
Quoting Adis
{quote} Are you reenter shorts on GU ? Havent picture, sorry. I am just asking you. Thanks
No, my original GU shorts are still opened. Not the best trades, I started to add too early, but what is done is done, now just waiting.

Also opened trades are on EU, EJ, GJ and now UJ.
Attached Image (click to enlarge)
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Whatever is obvious is obviously wrong!"
  • #58,368
  • Sep 5, 2013 11:04am Sep 5, 2013 11:04am
A useful 3 dragons short in EJ for me. I had hoped for more so removed my RDL target in favour of a loose loose stop above pivot leaving lots on the table but no matter. Note big volume alerted me to a move of some sort, dragons all heading down and a strong WRB with volume confirmed the direction. Timing is everything. At the same time I am adding to my currently out of the money Yen shorts.

Attached Image (click to enlarge)
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Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #58,369
  • Sep 5, 2013 11:11am Sep 5, 2013 11:11am
Quoting revoli
A useful 3 dragons short in EJ for me. I had hoped for more so removed my RDL target in favour of a loose loose stop above pivot leaving lots on the table but no matter. Note big volume alerted me to a move of some sort, dragons all heading down and a strong WRB with volume confirmed the direction. Timing is everything. At the same time I am adding to my currently out of the money Yen shorts. {image}
This really is good, very good Revoli, squeezing the thread.
Attached Image
Newbie trader
  • #58,370
  • Sep 5, 2013 11:20am Sep 5, 2013 11:20am
Quoting faststare08
{quote} senor qfish, How Determine the Margin Requirement for Pairs? sorry I'm a Newbie. >_<
Hi faststare08,

Your broker will have this information. Margin requirement is different for each pair and will determine how much of your margin each scout will cost you. Less margin cost = more scouts available to you. Some trading stations will give you this information. I believe MT4 information for each symbol will also provide this (right click on in market symbol and property info? I'm not quite sure).

-qFish
insanity: Doing the same thing over... and expecting different results -AE
  • #58,371
  • Sep 5, 2013 11:20am Sep 5, 2013 11:20am
Quoting revoli
A useful 3 dragons short in EJ for me. I had hoped for more so removed my RDL target in favour of a loose loose stop above pivot leaving lots on the table but no matter. Note big volume alerted me to a move of some sort, dragons all heading down and a strong WRB with volume confirmed the direction. Timing is everything. At the same time I am adding to my currently out of the money Yen shorts. {image}

Excellent - I took several shorts during the ECB PC and a buy - more than sufficient posts from me today, so not posted!

Ref: Daily Pivots - I too work off 5pm New York, so its possible that I had incorrect time offset....
Trading Levels with WRBs
  • #58,372
  • Sep 5, 2013 11:28am Sep 5, 2013 11:28am
Quoting qFish
{quote} Hi faststare08, Your broker will have this information. Margin requirement is different for each pair and will determine how much of your margin each scout will cost you. Less margin cost = more scouts available to you. Some trading stations will give you this information. I believe MT4 information for each symbol will also provide this (right click on in market symbol and property info? I'm not quite sure). -qFish
I used MT4 but I cant find the margin requirement there. >_< help me please
  • #58,373
  • Sep 5, 2013 11:30am Sep 5, 2013 11:30am
AU: Beginning to see early signs of reversals as more ideal classic sonic R setups appear! A good position to trade with the trend. I've added two scouts on the way down.
Attached Image (click to enlarge)
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insanity: Doing the same thing over... and expecting different results -AE
  • #58,374
  • Sep 5, 2013 11:36am Sep 5, 2013 11:36am
Quoting faststare08
{quote} I used MT4 but I cant find the margin requirement there. >_< help me please
Your broker website should have it listed. Another way to find out is to open a small position and see your margin go down by the cost amount. For me, opening up a 0.01 lot position will cost me about $36 for EU, and $20 or UChf, etc. It's different for each pair but your requirements should be similiar. They average around $30 per 0.01 lot for me. Of course, this is with a 1:50 leverage. If you have higher leverage, the margin cost will be a LOT lower. Try contacting your broker to get the list. Here's a snapshot of my trading station margin requirements for FXCM:

Attached Image (click to enlarge)
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-qFish
insanity: Doing the same thing over... and expecting different results -AE
  • #58,375
  • Sep 5, 2013 11:41am Sep 5, 2013 11:41am
I just traded demo account. probably I will try FXCM if I will going start my live account. ^_^ thanks senor qfish.
  • #58,376
  • Sep 5, 2013 11:50am Sep 5, 2013 11:50am
Quoting Islander
{quote} Excellent - I took several shorts during the ECB PC and a buy - more than sufficient posts from me today, so not posted! Ref: Daily Pivots - I too work off 5pm New York, so its possible that I had incorrect time offset....
senor islander, what is 3 dragon at 1 min TF?

sorry I don't get it when I read it.

is it 34*5 to get the 5 MIN TF 34 EMA?
and is it 34*15 to get the 15 TF 34 EMA?
  • #58,377
  • Sep 5, 2013 12:20pm Sep 5, 2013 12:20pm
Quoting faststare08
{quote} senor islander, what is 3 dragon at 1 min TF? sorry I don't get it when I read it. is it 34*5 to get the 5 MIN TF 34 EMA? and is it 34*15 to get the 15 TF 34 EMA?
Click on Islanders profile on look at his posts in this thread and his attachments (or even search for what you want). You need to read LOTS. Just answering your questions here would not be much help. Seriously there is so much knowledge here and its all free. Put the work in dude then have a go at posting what you think so we can help better.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #58,378
  • Sep 5, 2013 12:38pm Sep 5, 2013 12:38pm
UJ: Rising Wedge converging. Strong BEARish signal as traders become more and more risk-averse as prices shoot to the moon and want to take their profit as we hit this significant SR and convergence pattern.
Attached Image (click to enlarge)
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insanity: Doing the same thing over... and expecting different results -AE
  • #58,379
  • Sep 5, 2013 12:57pm Sep 5, 2013 12:57pm
Quoting revoli
{quote} Click on Islanders profile on look at his posts in this thread and his attachments (or even search for what you want). You need to read LOTS. Just answering your questions here would not be much help. Seriously there is so much knowledge here and its all free. Put the work in dude then have a go at posting what you think so we can help better.
senor, kindly read my comment. I said that I read it but I don't understand. that's why I ask him to clear his idea about 3 dragon.
  • #58,380
  • Sep 5, 2013 1:08pm Sep 5, 2013 1:08pm
  •  St3ve
  • | Joined Jan 2013 | Status: Recovering from losses ... | 77 Posts
Quoting faststare08
{quote} senor, kindly read my comment. I said that I read it but I don't understand. that's why I ask him to clear his idea about 3 dragon.
I doubt you read the provided material thoroughly ...

PDF:
Trading with The Three Dragons
By Islander 20th July 2013
Page 1

"I am now changing my chart layout a little to show the 5m dragon itself using a 120 EMA period as I feel this is a better setting visually for this Three Dragon chart. The other AA settings are the 34 EMA for the 1 min dragon and the 500 EMA for the 15m dragon."
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