Excellent Basber! Same here, no offence, but 1.10 is a bit of over statement. A magnitude as great as Euro debt could not bring Eur down to 1.15 so what greater than this can bring Euro to 1.10? just because some FE tool says so? If you flip it on ...

Sonic R. System

Thats true! But we need exploration too, there are a lot of things out there to be explored yet. Today's education is for the jobs that don't even exist. It's amazing to see plethora of courses and studies which were never heard of.

Sonic R. System

LoL! My son who is 18 years old, learning fx from me, will be finishing his high school and starting university later this year.....at times trades better than me since he looks at stuff differently, after all a young gun!

Sonic R. System

GBP/USD — I would wait for sell until the setup is confirmed, which may be on close of next week's weekly candle. Have to watch out the TL on D1, it could become support. Please see attached.

Sonic R. System

Don't worry, I'm cool.

Sonic R. System

...even hibernate - days, weeks even months! could be for any reason - guests, travelling, frustration, or even bad mood!

Sonic R. System

Hey...I am honoured, thank you ! Its no rocket science to make most pips on a trade. I have patience so I wait for a good setup and again patiently wait to see a good exit setup or a reason, could be news, etc. I may wait for a month or even longer ...

Sonic R. System

Apart from looking at M15 to D1, I do follow news and see whats happening fundamentally. Recent bond auctions were solid, that shot up the Euro and I presume 1.3650 will be tested this week. I won't even consider selling until it breaks ...

Sonic R. System

lil retrace should be a buy oppor (buy on dips), short is risky.

Sonic R. System

I won't be surprised if EUR hits 1.3650.

Sonic R. System

I din't mean to be harsh, take it easy buddy. Every indicator deceives, has its flaws so does volumes - we don't know for sure if its for buy or sell, Nando_rich clearly got carried away with it and I feel pity he had no exit plans. I hate to see ...

Sonic R. System

EJ was predicted 88.00, then again 120+....so its all speculation, everyone does on a daily basis. Volume is just another indy and like any other dazzling indys, has its flaws.

Sonic R. System

Depends on how many pairs too....if you add more pairs, you can easily make over 1,000+ pips/week. Adding more pairs means having enough capital, enough time to monitor each pair and so on.....

Sonic R. System

A system never fails, its the trader that ignores the rules and blames the market. While you were shorting others on this very thread very trading long and were out with +ve pips! Trading without a SL is a disaster, unless ofcourse you have a plan.

Sonic R. System

A short trade from a longer TF is valid, but from micro level...definately not. Volume...we are not sure if its for buy or sell, only time and price will tell. If all the volumes on M15 was for sell....EU rallied from 1.30 to 1.3450...thats 450 ...

Sonic R. System

This goes to show what happens when there is no definite plan and no stop loss. Even the volumes deceive ! Price may come back to your EP, once, twice but NOT always. Trading without a plan is planning to fail.

Sonic R. System

GBPAUD A whopping +512 pips trade from last month!

Sonic R. System

a whopping trade to me is 500+ pips! I hope the attached G/A trade will be one of them.

Sonic R. System

Thanks! I would have made more on sell EU trade (around 320+), had I not entered a sell AU trade. I take one pair at a time if its a decent lot size and I refrain being on one side of market (example sell AU, EU, GU).

Sonic R. System

AUD — AUD closed +270 pips. Planning+MM+Patience+more patience = Less screentime & decent pips!

Sonic R. System