DislikedUSDCAD, the Final Shakout of Weak Hand Longs by the Robber Bank MMs? {image}Ignored
- #73,442
- Jun 20, 2014 8:51am Jun 20, 2014 8:51am
- Joined Jul 2011 | Status: Trader | 1,521 Posts
I opened GBP/CAD short Scout {image} {image} {image}
Thank you everyone who help us to learn this great system !Thank you Guys for your support !
My friends.... have a good Weekend !
- #73,446
- Edited 10:55am Jun 20, 2014 9:28am | Edited 10:55am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Hope tah will tell us his drawdown on this USDCAD. That kind of information will help newbie a lot in deciding their money management. Hope he won't reply with a tirade of insults. I only mean well for new followers. Respect to all sonic and tah especially ofcourse.
Seriously, I have made about 5,000 pips this week and I am down about 10,000 (because I have added to the trade) pips on the big USDCAD trade. It will come good, but this trade was started way too early and not in accord with a proper Classic setup. Nor was it managed in accord with a proper Classic trade.
Looking back on it, it is obvious the Robber Banks have been leading up to this, a steady downwards pressure for weeks to shake out weak hand longs, and to finish the last of them off with a climatic whack today. Will there be more down side? We cannot know. I took a risk and have been punished for it by a lot of frustration, and the tying up of funds that could have been available to cash in on profitable opportunities elsewhere. The trade is still running and when I close it out I will post it.
This is all out in the open, as it always is, so all Sonicers can see the pros and the cons of deviating from the Classic setup and trade. The proper way to trade is well laid out in this thread. Anyone who deviates from it can see by the examples from others who deviate, how it can turn out; sometimes well and sometimes not well. Folks that just attempt to mimic the trades posted by others, without learning this system, are fools. They have a great opportunity to become, in their own right, a good trader,....if they are willing to do the work. If not, they deserve whatever happens to them.
-tah
- #73,448
- Jun 20, 2014 9:47am Jun 20, 2014 9:47am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #73,451
- Edited 11:05am Jun 20, 2014 10:02am | Edited 11:05am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #73,452
- Jun 20, 2014 10:52am Jun 20, 2014 10:52am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #73,454
- Jun 20, 2014 11:19am Jun 20, 2014 11:19am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Ofcourse that was what I meant by "drawdown in pps not in actual money" . I guess both of us need that advice " the discipline to stick with classic"
Indeed, "the discipline to stick with classic" is the ongoing message of this thread. We are humans, though, not robots. Hence, we make mistakes. The nice thing about this thread is that there are daily and weekly posted examples of trades that are in accord with this message and of trades that are not. Sonicers and other readers have, therefore, a good perspective of the world of forex trading, and the value of the Sonic R. System.
-tah
- #73,457
- Jun 20, 2014 2:34pm Jun 20, 2014 2:34pm
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
{quote} GBPUSD closed. I wait price up and re-entry. {image}
Hi! ..this is my first post in this thread EU closed.. Thanks for the thread
Whatever is obvious is obviously wrong!"
- #73,459
- Jun 20, 2014 7:05pm Jun 20, 2014 7:05pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Hi! ..this is my first post in this thread EU closed.. Thanks for the thread
Welcome, and very well done new Sonicer. You did your homework, needed to ask no questions, and didn't screw around with the provided template too much. And now you are making money. Congratulations. May your posts be an ongoing source of learning for everyone here.
1. When I saw the trend, I was in doubt to have long.
2. But I thought the price was in strong support with decreasing bearish volume.
3. I decided to have short with tinny lot
4. and....
coming a conclusion trading with Volume and supported by trend is the ideal one.
Please evaluate my summary, have a nice weekend....
2. But I thought the price was in strong support with decreasing bearish volume.
3. I decided to have short with tinny lot
4. and....
coming a conclusion trading with Volume and supported by trend is the ideal one.Please evaluate my summary, have a nice weekend....
