London session close moved price above the whole number quick scalp.
- #79,522
- Mar 3, 2015 9:44am Mar 3, 2015 9:44am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
{quote} TAH - I love my new Sonic Department Head office..........Thank You !{image}
Well, that's not exactly what I had in mind.
However, if we slap a sign up,....."Non-Soniker's Retirement Chalet", and out front hang some banker in effigy,......
- #79,523
- Mar 3, 2015 9:55am Mar 3, 2015 9:55am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
- #79,524
- Mar 3, 2015 10:03am Mar 3, 2015 10:03am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} cigarguy, Well, that's not exactly what I had in mind. However, if we slap a sign up,....."Non-Soniker's Retirement Chalet", and out front hang some banker in effigy,......
" It is common to burn an effigy of a person ("burn or hang in effigy") as an act of protest "
Approval is hereby granted unanimously by The Sonic R Committee for FX trading transparency.....
Keep It Simple
- #79,526
- Edited 2:35pm Mar 3, 2015 2:15pm | Edited 2:35pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
Just learning to wait for high probability trades. It is not really easy. But I have seen that the fewer trades one takes the better. To day I doubled my account and within a twinkle of an eye I lost the gain. Now I realize why most sonikers place predetermined profit. Also is there any program that will help discipline me when it comes to risk taking. Happy trading! Lovely SOnikers
victorezeaku,
You ask "...is there any program that will help discipline me when it comes to risk taking..."
For one thing, the Classic setup is well described and very simple. For another thing, it is recommended to enter only London session Classic setups. But, there is a third thing that might help you to become disciplined......
......the thought that you will likely lose all your money if you aren't!
Reckless, impatient and unrestrained trading is a recipe for the ultimate failure of losing everything eventually. It is spawned of bad habits that are allowed to remain unchecked, and so cement themselves and become next to impossible to eradicate by replacement with good habits. Next to impossible, but not impossible if one has enough money to go thru before they achieve it. Not a good thought, and perhaps that thought will motivate you to start doing things here correctly, instead of you allowing your bad habits to continue. This is what separates the men from the boys, the women from the girls, the winners from the losers. It isn't luck. It is controlling oneself! Sorry to say, you cannot ask for help in this. Either you do it, or you don't do it, all by yourself. Winner or loser, it is all on your own shoulders.
-tah
- #79,528
- Mar 3, 2015 2:43pm Mar 3, 2015 2:43pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
- #79,529
- Edited 3:48pm Mar 3, 2015 3:01pm | Edited 3:48pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
- #79,530
- Mar 3, 2015 3:45pm Mar 3, 2015 3:45pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Bull! I am just tired,.....spending so much time answering your cries of problems which turn out to not actually exist, except for you sippin' so much brandy! .....
and Your welcome! (deleted my prior post) Keep It Simple
- #79,531
- Edited 5:13pm Mar 3, 2015 4:42pm | Edited 5:13pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
AJ and AU Release Price Action
To me, the PA response to the just released AUD high impact is as follows.
It looks like the MMs ran the price down the price queue and back up, drying up current liquidity for shorting. They ended by manipulating the price up the price queue a bit and supporting it, which could be their was of coaxing longs into the market now, for ongoing shorting liquidity.
Tomorrow, there are more AUD high impact releases. So, by supporting the price after manipulating the price down the price queue - to show that spike down - PA will appear to be bullish and might suck more longs into the market.
If this is correct, keep in mind that knowing it does not necessarily provide advantage. It does not necessarily mean shorting now in the area where the MMs are currently supporting prices is the best thing to do. Why? When the next high impact releases come, or even if they were not coming, the Robber Bank MMs can always run a stop hunt of shorts later, to wipe out all they can of the smart-alecs starting to short now. If this is correct, what is key is that the Robber Banks are bears, and as bears they will eventually get around to giving prices a sound whacking.
There is nothing wrong with being patient to see if ongoing PVSRA lends credence to this viewpoint, and to see if a proper Classic short setup eventually comes (today, tomorrow?). Meanwhile, if a Classic long setup comes, one might be cautious about trading it, and if trading it, trade it with conservative expectations.
-tah
To me, the PA response to the just released AUD high impact is as follows.
It looks like the MMs ran the price down the price queue and back up, drying up current liquidity for shorting. They ended by manipulating the price up the price queue a bit and supporting it, which could be their was of coaxing longs into the market now, for ongoing shorting liquidity.
Tomorrow, there are more AUD high impact releases. So, by supporting the price after manipulating the price down the price queue - to show that spike down - PA will appear to be bullish and might suck more longs into the market.
If this is correct, keep in mind that knowing it does not necessarily provide advantage. It does not necessarily mean shorting now in the area where the MMs are currently supporting prices is the best thing to do. Why? When the next high impact releases come, or even if they were not coming, the Robber Bank MMs can always run a stop hunt of shorts later, to wipe out all they can of the smart-alecs starting to short now. If this is correct, what is key is that the Robber Banks are bears, and as bears they will eventually get around to giving prices a sound whacking.
There is nothing wrong with being patient to see if ongoing PVSRA lends credence to this viewpoint, and to see if a proper Classic short setup eventually comes (today, tomorrow?). Meanwhile, if a Classic long setup comes, one might be cautious about trading it, and if trading it, trade it with conservative expectations.
-tah
- #79,532
- Mar 3, 2015 4:51pm Mar 3, 2015 4:51pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ, M15 scalp +30 target was 119.5xx area.....this one was like watching paint dry for me..
Maybe TAH will put a new roof on my above office now with the Sonic R corporation proceeds........
Maybe TAH will put a new roof on my above office now with the Sonic R corporation proceeds........
Keep It Simple
{quote} Aids to Disciplilne victorezeaku, You ask "...is there any program that will help discipline me when it comes to risk taking..." For one thing, the Classic setup is well described and very simple. For another thing, it is recommended to enter only London session Classic setups. But, there is a third thing that might help you to become disciplined...... ......the thought that you will likely lose all your money if you aren't!
I must tell you that controlling my emotion is the greatest barrier between me and becoming a successful sonicker. However, I am working on it. I hope to achieve that before the end of this month.
Currently, I do not have time to trade during the London Session, I only have time to trade during the Asia Session and I do not see any opportunity during this period. I think this is one of my major problem, which I have to solve by quitting my current job.
I will try to discipline my self in terms of waiting and taking risk. I wonder I have not being able to achieve this despite knowing full well that it is the reason for my failure.
After each failure, I will subconsciously warn myself not to be indiscipline again. But the next second, I find myself doing that. I think my own winning as a soniker will start with by ability to become discipline.
The discipline issue is currently the problem holding me from getting a loan to enable be a full time trader. Once I am able to achieve this with my small account, I will get a loan of 3 figure sum to enable start trading as a full time job.
Once more I say thanks to TAH, Sonic, and all Soniker for their support.
- #79,534
- Edited 5:52pm Mar 3, 2015 5:41pm | Edited 5:52pm
USDCAD: Just a Thought With positive swaps for shorting this one, is it any wonder folks keep shorting it in anticipation of the fall,.....and the Robber Bank MMs keep stop hunting the shorts in knowledge of the fall? Gotta luv those price manipulating, thieving Robber Bank MMs.
- #79,537
- Mar 3, 2015 9:02pm Mar 3, 2015 9:02pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
- #79,538
- Mar 3, 2015 9:07pm Mar 3, 2015 9:07pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
