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Sonic R. System

  • #65,861
  • Feb 19, 2014 3:57am Feb 19, 2014 3:57am
Quoting FXRobert
{quote} EURJPY classic trade. JRissa his right for me. Green candle momentum, nice mushroom, dragon below, nice volumen. Very possible. {image}
Add 2 order and move SL BE first order.
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  • #65,862
  • Edited 5:01am Feb 19, 2014 4:44am | Edited 5:01am
EURJPY TP 11 pips ... Here's how I see it ...

Earlier just now although there are volumes but the candle are not 'stable' ... Not stable as in some volumes pushes the price down and some volumes pushes the price up ... It doesn't really shows where the price is going ... Also it's inside the dragon ... So I waited for a while until the intersection area ( There's where I enter sell EURJPY ) where the volume shows a bit of sell potential and the price is below the dragon ... But the entry is quite far away from the dragon's below ... I think the entry is quite low compared to JRissa's one ...

At first my SL is directly above the dragon ... As it move slowly to sell direction ... around 5 pips profit I move my SL to BE already ...

Is it possible to enter my entry earlier a bit next time ...
Advise a bit on my analysis >.<

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  • #65,863
  • Feb 19, 2014 5:08am Feb 19, 2014 5:08am
Quoting juniorlcq
EURJPY TP 11 pips ... Here's how I see it ... Earlier just now although there are volumes but the candle are not 'stable' ... Not stable as in some volumes pushes the price down and some volumes pushes the price up ... It doesn't really shows where the price is going ... Also it's inside the dragon ... So I waited for a while until the intersection area ( There's where I enter sell EURJPY ) where the volume shows a bit of sell potential and the price is below the dragon ... But the entry is quite far away from the dragon's below ... I think the...
EURJPY

Well, Sonic and I have been discussing the wisdom of waiting at least 1-2 hours into the LS before considering any trade entry. This is because often enough the first moves are only to set the price where the MMs want them for position building ahead of the US session.

Your entry was even before the LS, and you are thinking you could have gone in even sooner, at a higher price. True, this time. But frequently that sort of "jumping the gun" will leave you on the wrong side of what follows.

Conservatively, in this case, a trader might have waited for the price to break the half number Level, and the pivot.
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  • #65,864
  • Feb 19, 2014 6:38am Feb 19, 2014 6:38am
Quoting JRissa
{quote} GU lowered SL level under recent swing low prior news and added long on news candle based on PVSRA prior news. Might be adding to loser, but I doubt it {image} {quote} EG Rised SL prior news and added short on news candle based on PVSRA prior news. This too might be adding to loser, but will see SL 0.82616 {image}
GU SL hit.
EG closed at 0.8259 when GU hit SL...
I know the secret...
  • #65,865
  • Feb 19, 2014 7:16am Feb 19, 2014 7:16am
Quoting Msis125125
EJ Short By Stop Limits {image}
Closed for 500 pips profit @ 1 Lot.
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There is no spoon....
  • #65,866
  • Feb 19, 2014 7:18am Feb 19, 2014 7:18am
Quoting Msis125125
NU Long, All sell limits that were places yesterday. {image}
NU Closed for 200 Pips @ 1 Lot
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There is no spoon....
  • #65,867
  • Feb 19, 2014 7:24am Feb 19, 2014 7:24am
EA TP Hit, forgot about that trade should have places TP lower.

Profit 100 pips @ 1 Lot
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There is no spoon....
  • #65,868
  • Edited 8:13am Feb 19, 2014 7:45am | Edited 8:13am
UJ quick buy scalp +8.4 2 lots. Can leave a lot on the table, but my style no draw downs. Must have ECN with fast executions and low spreads 0.8 to 0.0, average about 0.3 to facilitate scalping and no slippage. Not recommended for the faint hearted
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Keep It Simple
  • #65,869
  • Feb 19, 2014 7:53am Feb 19, 2014 7:53am
Quoting Msis125125
EG Short, Limit orders. {image}
EG Closed 30 pips profit @ 1 lot. Don't like the way it looks.
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There is no spoon....
  • #65,870
  • Feb 19, 2014 8:28am Feb 19, 2014 8:28am
Quoting traderathome
{quote} GBPCAD Long Trade Update: Added longs #5-10, Scouts Added long #5, a larger Scout. I saw position building in FO just before LO and also in LO just after the open (on M1 charting). So, I decided to add another Scout, but a larger one. Edit: Then, suddenly the MMs pushed price further lower, and on this drive down I added long Scouts #6-10. Revised TP. {image}
GBPCAD Long Trade Closed:

Revised TP again. TP reached and trade closed for 1,335.1 pips gain. I added longs #11-15 subsequent to previous post.
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  • #65,871
  • Feb 19, 2014 8:39am Feb 19, 2014 8:39am
Quoting traderathome
{quote} GBPCAD Long Trade Closed: Revised TP again. TP reached and trade closed for 1,335.1 pips gain. I added longs #11-15 subsequent to previous post. {image}
TAH, great trades. Curious, did you have hard stop losses on those trades?

Regards,
Cigarguy
Keep It Simple
  • #65,872
  • Feb 19, 2014 8:46am Feb 19, 2014 8:46am
Quoting cigarguy
{quote} TAH, great trades. Curious, did you have hard stop losses on those trades? Regards, Cigarguy
I rarely use hard SLs. On this GBPCAD trade I did have a hard SL for a short while at the start, but then cancelled it and added to the trade.
  • #65,873
  • Feb 19, 2014 8:56am Feb 19, 2014 8:56am
Quoting traderathome
{quote} I rarely use hard SLs. On this GBPCAD trade I did have a hard SL for a short while at the start, but then cancelled it and added to the trade.

Thanks. B____s of steel!
Keep It Simple
  • #65,874
  • Feb 19, 2014 8:58am Feb 19, 2014 8:58am
Quoting traderathome
UJ Long Trade Opened: Entered long #1, Classic. {image}
UJ Long Trade Update:

I added longs #2-7, 5 Scouts and now a Classic.
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  • #65,875
  • Feb 19, 2014 10:12am Feb 19, 2014 10:12am
I like days with news.
5 long GBPUSD.
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  • #65,876
  • Feb 19, 2014 11:52am Feb 19, 2014 11:52am
Sp500 still Rocking Short and DJ30 Short too.
Have entered by sonic scout, sorry for wrong template, still in the office so wrong everything.
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There is no spoon....
  • #65,877
  • Feb 19, 2014 11:54am Feb 19, 2014 11:54am
UC Short Sell limits.
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There is no spoon....
  • #65,878
  • Feb 19, 2014 11:59am Feb 19, 2014 11:59am
Oil still holding short.
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There is no spoon....
  • #65,879
  • Feb 19, 2014 1:47pm Feb 19, 2014 1:47pm
Selling USD JPY, Long GBPUSD. Hawkish comments by Fed minutes don't mean anything since Ms Yellen has already made it clear there is still a lot of room to improve before rates are hiked... This is MM selling into the temporary USD strength.
Its all in the mind.
  • #65,880
  • Feb 19, 2014 2:13pm Feb 19, 2014 2:13pm
Hey Guys,

wanted to upload my first trades. I tried to follow the rules but dont know if I got them precisely. Maybe someone would be so kind to analyse.

1. NZD/USD - long
+19 pips
2. EUR/JPY - short
+27 pips
3. EUR/JPY - long
+12 pips

In the NZD/USD trade I saw long position confirmed by double bottom formation before.

Stop-loss is my weak part I think. I used trailing stop-loss to close but could have get some more pips out of it. Nevertheless im quite satisfied with the result.
Dont know if I upload the images correctly, preview just shows attached files. How do I get them into the text?

Greets,

ERzwo

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