the above trade is GU
- #61,323
- Oct 24, 2013 8:50am Oct 24, 2013 8:50am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
Hi everybody Although new to Sonic system, but learning fast this is my first trade using the system (demo) i want to know if I am during the right thing MOST especially my STOP LOSS and TAKE PROFIT Also want to know how to trade before and during news release. Do I just follow the trend and the Dragon set up or ... look for other things Also since i upload the system on my platform. it has been slow. what do I do I WELCOME BOTH POSITIVE AND NEGATIVE SUGGESTION for further improvement Thanks to Mr Sonic and others {image}
If you want to use stop loss I think it should be a little above than the last high where was high activity. I say high activity because it means that previously market makers likes that high, so it's possible they come and test this high again.
You have to consider that todays market is totally manipulated market and if you took this kind of stop losses then it's easy to rob your money. Don't give that chance for market makers.
Just my opinion.
Whatever is obvious is obviously wrong!"
- #61,324
- Oct 24, 2013 8:58am Oct 24, 2013 8:58am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
{quote} Closed All AU trades for 200 + pips profit. Regards, H. {image}
Whatever is obvious is obviously wrong!"
{quote} Yeah despite the weak data it still climbing up. I'm wondering here how long they are able to do that.
Should, could, would
F_ck your analysis, I know exactly where the market will go. To the right.
Regards
- #61,327
- Oct 24, 2013 9:03am Oct 24, 2013 9:03am
{quote} Entry is very good, but I concern about your stop loss. Look at the picture. What will happen when price comes to test this area again? Although you have a good entry it's easy to shake you out. This time seems that you are safe, but what next time? You have to consider that todays market is totally manipulated market and if you took this kind of stop losses then it's easy to rob your money. Don't give that chance for market makers.
Do you mean i should placed my stop loss above 1.6229 or ....
what about my TP, is it ok
- #61,328
- Edited 9:36am Oct 24, 2013 9:15am | Edited 9:36am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
Whatever is obvious is obviously wrong!"
- #61,329
- Oct 24, 2013 9:18am Oct 24, 2013 9:18am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
{quote} Could be 1.4 for EU, could be some more push up for cable but bigger technical picture ... look @ DXY, I donīt think this D/W significant level will break on first attempt. Could be decent bounce at least. Should, could, would
Whatever is obvious is obviously wrong!"
- #61,331
- Oct 24, 2013 9:23am Oct 24, 2013 9:23am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
More like: lie, cheat and steal!
Whatever is obvious is obviously wrong!"
- #61,333
- Oct 24, 2013 10:11am Oct 24, 2013 10:11am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #61,334
- Oct 24, 2013 10:47am Oct 24, 2013 10:47am
Welcome,
Between red lines was marked last wave up and down the first wave.
Time is very precious in trading this one says Elliott. Shown on the graph as the last wave consumes more time than the first wave to and withdrawn. This means that the trend is over, upward trend in our example is over.
We correction which in turn should consume more time than the previous wave and then enter the trade. It shows how the price came under dragon this is another confirmation.
In conclusion, time is very important.
Between red lines was marked last wave up and down the first wave.
Time is very precious in trading this one says Elliott. Shown on the graph as the last wave consumes more time than the first wave to and withdrawn. This means that the trend is over, upward trend in our example is over.
We correction which in turn should consume more time than the previous wave and then enter the trade. It shows how the price came under dragon this is another confirmation.
In conclusion, time is very important.
- #61,335
- Oct 24, 2013 11:00am Oct 24, 2013 11:00am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Welcome, Between red lines was marked last wave up and down the first wave. Time is very precious in trading this one says Elliott. Shown on the graph as the last wave consumes more time than the first wave to and withdrawn. This means that the trend is over, upward trend in our example is over. We correction which in turn should consume more time than the previous wave and then enter the trade. It shows how the price came under dragon this is another confirmation. In conclusion, time is very important.
Your chart is too confusing. You say, "Shown on the graph as the last wave consumes more time than the first wave to and withdrawn.", but the distance between the first and second red vertical lines is far greater than the distance between the second and third red vertical lines! This is totally confusing!
Please, remove all chart artifacts except three vertical lines defining the two periods under question. And zoom in on the chart for more clarity in the area under question. And re-post this so we can understand correctly what you are trying to get across, because what you have posted so far makes no sense at all.
-tah
- #61,336
- Oct 24, 2013 11:24am Oct 24, 2013 11:24am
{quote} 1. Raise the price and lower the volume. If MM were bears: volume should rise? No. The market could be bears in this situation, because as it closes longs into the rising price eventually it finds fewer buyers because the price is becoming too high. 2) Go down the price and volume increases, if the above is true this would be more purchases? No. A bear market, failing to close all longs on the drive up, will push price back lower to attract new longs that the market can sell it's remaining longs to, and as the price goes lower more longs...
Newbie trader
- #61,338
- Edited 12:11pm Oct 24, 2013 11:46am | Edited 12:11pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Dear tah, Sorry but the English are very bad. I hope that from this chart to understand the logic. Last HL was broken in a shorter time the wave 2. This indicates that the upward trend is over.
I still do not understand the combination of your text and your chart depictions! Is this what you are trying to say (pic. 1)?
Edit: Nope (pic. 2), cannot be what you mean, because on NU it doesn't work (pic. 3)! BTW, you're leg2 line on NU is not even drawn correctly. I give up trying to understand based on vaxx posts so far. My attempt to understand is obviously not even close.
Sonicers, does anybody else have any idea what the hell vaxx is struggling to say, because I cannot make any sense out of his attempts so far? It might be a good clue, but not if it cannot be diagrammed and explained comprehendably!
- #61,340
- Oct 24, 2013 12:03pm Oct 24, 2013 12:03pm
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
Dear tah, Sorry but the English are very bad. I hope that from this chart to understand the logic. Last HL was broken in a shorter time the wave 2. This indicates that the upward trend is over.
Following is my look:
Whatever is obvious is obviously wrong!"