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Mika's Breakout strategy

  • #261
  • Jan 27, 2015 12:31am Jan 27, 2015 12:31am
Yeah, bless for another good day!!!
  • #262
  • Jan 27, 2015 12:34am Jan 27, 2015 12:34am
EU is setting up. wait for close

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Reaction is better than Prediction
  • #263
  • Jan 27, 2015 1:02am Jan 27, 2015 1:02am
Made some losses yesterday into today, even though the trade setup were correct. I guess its because the market was ranging alot and the band was small (which we use to set SL). So i decided to include a range filter; RSI 14 upper line is 55, lower line is 35. I will use this to filter off trade setups that are within the 55-35 line. I hope this helps someone
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  • #264
  • Jan 27, 2015 1:03am Jan 27, 2015 1:03am
Quoting happytrade38
AUDNZD TP +40. USDCAD still in market
USDCAD SL -48
Another opening (H4) AUDCAD - in market
  • #265
  • Jan 27, 2015 1:11am Jan 27, 2015 1:11am
usd cad
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  • #266
  • Jan 27, 2015 1:37am Jan 27, 2015 1:37am
no setup here so far. EU in now overbought

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Reaction is better than Prediction
  • #267
  • Jan 27, 2015 1:48am Jan 27, 2015 1:48am
  •  feonms
  • | Joined Oct 2014 | Status: Trying to learn Sonic R System | 3 Posts
Hello Mika,

Thank you for sharing this great system, looks so logical and clear
Definitely worth to try and I will start to try it next week, however London session overlaps with my working hours and I am not so comfortable to trade during working hours. That's why I am planning to try it on NY or Tokyo sessions. Do you have any suggestions? Or should I stick to London session
  • #268
  • Jan 27, 2015 1:52am Jan 27, 2015 1:52am
Hi BOpeople,
I took this EU just right now.
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  • #269
  • Jan 27, 2015 1:58am Jan 27, 2015 1:58am
coi eurcad io sono andato buy
  • #270
  • Jan 27, 2015 2:02am Jan 27, 2015 2:02am
Nice thread Mika..lot of green while testing..

but today GU hit my SL (-25 pips)
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You just got to have the Bad Days, so you can Love the Good Days even more!
  • #271
  • Jan 27, 2015 2:16am Jan 27, 2015 2:16am
Quoting StefyRox
....today GU hit my SL (-25 pips) {image}
There was red news on GU at 10:30 CET!
  • #272
  • Edited 3:06am Jan 27, 2015 2:17am | Edited 3:06am
Quoting Carpathian
...I took this EU just right now. {image}
It wasn't really going so I killed it at -10 pips.
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  • #273
  • Jan 27, 2015 2:43am Jan 27, 2015 2:43am
Quoting StefyRox
Nice thread Mika..lot of green while testing.. but today GU hit my SL (-25 pips) {image}
thanks. losing is always part of it.
Reaction is better than Prediction
  • #274
  • Jan 27, 2015 3:08am Jan 27, 2015 3:08am
UJ short on now.
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  • #275
  • Jan 27, 2015 3:10am Jan 27, 2015 3:10am
Quoting Carpathian
{quote} There was red news on GU at 10:30 CET!
Yeah, but it hit my SL before the news came..

Quote
losing is always part of it.

of course we hv to deal with them tooO
You just got to have the Bad Days, so you can Love the Good Days even more!
  • #276
  • Jan 27, 2015 3:22am Jan 27, 2015 3:22am
Going Long on USDCAD. R:R target is 30Pips. SL is 30pips. RSI 14 is above the 55level (no range). lets see how it goes.
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  • #277
  • Jan 27, 2015 4:20am Jan 27, 2015 4:20am
Took this then I changed my mind. -2 pips.
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  • #278
  • Jan 27, 2015 4:22am Jan 27, 2015 4:22am
Quoting Carpathian
UJ short on now. {image}
SL-ed @ BE.
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  • #279
  • Jan 27, 2015 4:41am Jan 27, 2015 4:41am
Quoting Carpathian
{quote} SL-ed @ BE. {image}
Hit UJ 9 Pips TP as it's Height
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You just got to have the Bad Days, so you can Love the Good Days even more!
  • #280
  • Jan 27, 2015 5:16am Jan 27, 2015 5:16am
Quoting StefyRox
{quote} Hit UJ 9 Pips TP as it's Height {image}
Yeah cool, I had an 18 pip SL above the channel, so that's why my target was not reached. But now I have UJ short on again.
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