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Sonic R. System

  • #80,761
  • Apr 23, 2015 2:11pm Apr 23, 2015 2:11pm
TAH often says: MMs like to drive the price above/below round number to fill their orders. Take a look at cable chart today. They made so much effort to drive the price below 1.5000. Look at the size of the volume bars as they were pushing the price. Once they were done, the decrease in volume was obvious (white trendline). Price even made a nice 1-2-3 wave and a buy once the price was above the dragon would be a great entry. I was a little impatient and entered early and still holding it open. I'm still learning, though.
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  • #80,762
  • Apr 23, 2015 2:43pm Apr 23, 2015 2:43pm
Quoting denmas
{quote} Dear QFish, I believe most traders do what I must do before jumping and dancing with the MM. Yes, how much money they should spend (SL). Mine is not more than 20 - 25 pips. Hope this chart can be very helpful. Sincerely {image}
Yes it does, thank you.
insanity: Doing the same thing over... and expecting different results -AE
  • #80,763
  • Apr 23, 2015 2:52pm Apr 23, 2015 2:52pm
Patience and low risk is key guys. I've hit and exceeded my monthly target of 10%.

Attached Image

Attached Image


Wishing Green pips to all!
insanity: Doing the same thing over... and expecting different results -AE
  • #80,764
  • Apr 23, 2015 3:11pm Apr 23, 2015 3:11pm
Quoting qFish
Patience and low risk is key guys. I've hit and exceeded my monthly target of 10%. {image} {image} Wishing Green pips to all!
These are pips, not pipettes? 4th decimal, not 5th? You have made almost 10 000 pips this month?
  • #80,765
  • Apr 23, 2015 5:13pm Apr 23, 2015 5:13pm
Quoting marijan993
{quote} These are pips, not pipettes? 4th decimal, not 5th? You have made almost 10 000 pips this month?
Yes, I average about 10 pips per trade (which is roughly my take profit target).
insanity: Doing the same thing over... and expecting different results -AE
  • #80,766
  • Apr 23, 2015 5:18pm Apr 23, 2015 5:18pm
Quoting Vicotshir3
Dear leentjai, EU 15m short closed with 25.0pips Is that correct @@? Thanks for replying. Best Regards, ... {image}
Yes,it's correct 25,6 p average.
  • #80,767
  • Apr 23, 2015 7:42pm Apr 23, 2015 7:42pm
Quoting qFish
{quote} Yes, I average about 10 pips per trade (which is roughly my take profit target).
  • #80,768
  • Apr 23, 2015 7:50pm Apr 23, 2015 7:50pm
Quoting leentjai
GBP/NZD It seems that getting ready to change direction ...? {image} {image}
Opened Scout short GBP/NZD
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd-m15-2404o.png Size: 55 KB
  • #80,769
  • Edited 9:58pm Apr 23, 2015 8:00pm | Edited 9:58pm
Quoting marijan993
TAH often says: MMs like to drive the price above/below round number to fill their orders. Take a look at cable chart today. They made so much effort to drive the price below 1.5000. Look at the size of the volume bars as they were pushing the price. Once they were done, the decrease in volume was obvious (white trendline). Price even made a nice 1-2-3 wave and a buy once the price was above the dragon would be a great entry. I was a little impatient and entered early and still holding it open. I'm still learning, though. {image}
marijan993,

Your Trade Levels indicator is printing positive trade text as red and negative trade text as green. This is the opposite of being correct. The Post #1 indicator file was updated to be correct, but the black template file still has the reversed colors. You can manually reverse the colors in the External Inputs for the indicator on your black template yourself, which if you have followed the instructions regarding our indicators you should be capable of doing. And then re-save the black template to preserve your corrections. Please do this before posting another chart.

Thank You,
tah
  • #80,770
  • Edited 10:11pm Apr 23, 2015 8:24pm | Edited 10:11pm
Quoting marijan993
{quote} These are pips, not pipettes? 4th decimal, not 5th? You have made almost 10 000 pips this month?
No Nonsense Here! A Pip is a Pip is a Pip!

marijan993,

qFish can answer for himself, but let me reinforce what you should know from having done your Post 1 Homework. We count pips here. All pips are the same. A pip is a pip is a pip. The only question is whether a pip is valued at $10 MOL by trading full lots, or is valued at $1 MOL by trading mini-lots, or is valued at $0.10 by trading micro-lots. Other than the value of a pip there is no other difference, regardless of name.

Why should we call a pip for a "lot" a pip, and call a pip for a "mini-lot" a pip, but call a pip for a "micro-lot" something different than a pip? The one and only difference between them is their value! So they should all be called pips, or they should all be given different names! None of that nonsense here! A pip is a pip is a pip.

Our Trade Levels indicator specifies the correct quantity of pips based on the type unit traded input the user makes, a pip for a full lot is the equivalent of 10 mini-lot pips, and is the equivalent of 100 micro-lot pips.....when it comes to values. And the trade PL sorts this all out, yielding the proper $monies value which the user can elect to not show in the PL labels to maintain privacy. When $monies is not shown, the pips displayed cannot be determined as being full lot pips, or mini-lot pips, or micro-lot pips.......which is the intent, in order to maintain user privacy. A Pip is a Pip is a Pip!

What difference does it make if the user is making $10, $1, or ten cents per pip, MOL? That is the user's business, not ours! All we need to know is the average pips PL gain or loss on a closed trade in order to evaluate the trade, and in order to relate to the trade.....whether we have a $50,000 account, a $5,000 account, or a $500 account. This way, everyone is on equal footing here. If someone makes a 30 pips trade, anyone can! And it matters not if one makes $300 and another makes $30 and another makes $3. All accounts can grow in equal percentages, bit by bit, over time. Isn't this what all of this is about?

If you have not fully understood everything in Post 1, please redo your Post 1 homework. It is your responsibility to do this, and do it well, if you are to be here. This includes familiarizing yourself with our indicators, meaning you need to read and absorb the information provided in the User Notes of each, and experiment with their External Inputs until you can say you truly understand the use of the features and flexibility provided.

tah
  • #80,771
  • Apr 23, 2015 9:09pm Apr 23, 2015 9:09pm
Quoting Pent56
{quote} Great trade fx new. Certainly on the right track. There is always a risk trading just before the news however all the indicators pointed towards a good entry for a long position. Annoyed I missed this one. Taking my children to school! Edit: Watching both this pair and GBP/JPY for the retrace to potentially add a long position.
thank you i am still learning
No Greed Is Always Green
  • #80,772
  • Apr 23, 2015 10:17pm Apr 23, 2015 10:17pm
Quoting fx new
{quote} thank you i am still learning
I was thinking the same when I saw this trade. Good job fx_new.
insanity: Doing the same thing over... and expecting different results -AE
  • #80,773
  • Apr 23, 2015 11:32pm Apr 23, 2015 11:32pm
Quoting qFish
Patience and low risk is key guys. I've hit and exceeded my monthly target of 10%. {image} {image} Wishing Green pips to all!
GREAT JOB, qFish!

You give me and every new sonicer a hope, that in few years (practice, practice) we can do the same..
( If I am slow, then maybe 4 years.)

All this green looks amazing, thanks for sharing!

Tah- I Will help Marijan, I had the same problems in the start- the language and computer skills can be an obstacle. Thank you for your patience.
PVSRA
  • #80,774
  • Edited Apr 24, 2015 12:21am Apr 23, 2015 11:45pm | Edited Apr 24, 2015 12:21am
Quoting leentjai
{quote} Opened Scout short GBP/NZD {image}
Quoting bubblo
{quote} Good observation, both GN EN shorted
GPBNZD and EURNZD

Top picking in strong up trend can decimate you.

And bublo, where are your trade pictures? Nothing is added to the value of this thread by someone simply saying they entered trades! You have been around for awhile, though not posting much. But you have been around long enough to have read Post #1, and you should therefore know not to post about a trade without an appropriate picture. Failure to do comply is grounds for losing your posting privilege here.

Take a look at H4 charts on these. I can only guess, but considering this is the last day of the week and the high marks (higher of RDH/RWH) are closer than the low marks, even if MMs were bearish, why not continue the push on the last day towards striking the highs instead of moving now towards lows. Next week, if bearish, best if started from highs. Don't you think? If bears, the MMs will need time to close longs - for themselves and SM - and build new short positions before a move down. This simply is not possible in one day, let alone on a Friday. Only a guess, but if the MMs are now bears these still go up to finish the week, not down - while the MMs close the longs of their own and of SM - and then they will range for at least a day or so next week, maybe longer, before any down trend.

I could be wrong, have been before......but waitin' for stackin' is far less risky than top n' bottom pickin'.....any day of the week.

And these two are stacked for bull moves, not bear moves! So be careful.

tah
  • #80,775
  • Edited 12:55am Apr 24, 2015 12:40am | Edited 12:55am
AUDUSD small long position open. Looks like consolidating, but the buying volume is rising, and maybe MM's will push it up to open shorts. Will add small positions in LS.

Attached Image (click to enlarge)
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PVSRA
  • #80,776
  • Apr 24, 2015 12:47am Apr 24, 2015 12:47am
GBPUSD Long Trade Open:

Classic, pre-LS (somewhat riskier). No TP, SL but consider a move to the upper half Level area as possible today. Both RDH and RWH are also up there.
Attached Image (click to enlarge)
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  • #80,777
  • Apr 24, 2015 1:13am Apr 24, 2015 1:13am
GBPJPY Long Trade Open:

Classic, pre-LS (somewhat riskier), and not yet properly stacked. No TP, SL, but consider the next upper whole Level area a possibility today. Both RDH and RWH are also up there.
Attached Image (click to enlarge)
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  • #80,778
  • Apr 24, 2015 1:28am Apr 24, 2015 1:28am
Quoting traderathome
AUDJPY long Trade Open: Classic entry, late in LS. However, take a look at your H1 and H4 charts, both of which also show Dragon-Trend-PA bullish. Furthermore, LS PA has focused on moves below the whole number and back up, so the MMs could be concentrating on filling long orders of SM, and their own of course. This could be staging for a break up, maybe to RWH for another 100 pips or so. {image}
AUDJPY long Trade Update:

I have built this trade up over the past few days. I think this will go higher today......
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  • #80,779
  • Apr 24, 2015 2:11am Apr 24, 2015 2:11am
Quoting traderathome
GBPUSD Long Trade Open: Classic, pre-LS (somewhat riskier). No TP, SL but consider a move to the upper half Level area as possible today. Both RDH and RWH are also up there. {image}
GBPUSD Long Trade Closed:

Closed for gain of 64.7 pips average, 647 pips total gain.

Decided to take profit here before the LS gets underway. There might or might not be a retrace, but this is good profit. If price retraces sufficiently, and with good time to finish the course, then I might re-enter.
Attached Image (click to enlarge)
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  • #80,780
  • Apr 24, 2015 2:17am Apr 24, 2015 2:17am
Quoting traderathome
GBPJPY Long Trade Open: Classic, pre-LS (somewhat riskier), and not yet properly stacked. No TP, SL, but consider the next upper whole Level area a possibility today. Both RDH and RWH are also up there. {image}
Opened 2 positions, 1 closed and second SL close to BE.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15 24.4..png Size: 87 KB
PVSRA
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