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Sumeet Malik replied Mar 17, 2011You have hit the nail on its head. I am definitely looking for short but should will wait for Sonic R signal. Maybe on 5 minute time frame to go first short and add on 15 minute signal. At this point market may very well be resting and 1.41 area is ...
Sonic R. System
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Sumeet Malik replied Mar 17, 2011Stops being triggered in EUR/USD. I would wait for 1.4050 area or maybe 1.4100 area to go short. Since at 1.4050 area new longs will be opened and PPMs will like that when they will bring it down. I still am not sure what is the best way to find ...
Sonic R. System
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Sumeet Malik replied Mar 17, 2011Thanks Sonic. I have learnt a lot from this thread and the traders here.
Sonic R. System
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Sumeet Malik replied Mar 17, 2011As I had suspected a lot of short GBP/USD stops triggered with the last bar. This is what PPMs are doing repeatedly. Now if we can filter out using volume, this can be an excellent area for short. Also the last candle had less volume. However, in ...
Sonic R. System
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Sumeet Malik replied Mar 17, 2011Right. makes sense. If price on GBP/USD spikes up and volumes doesnt support it, I will be very comfortable going short for a target of 1.5950. Same is true for EUR/USD.
Sonic R. System
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Sumeet Malik replied Mar 16, 2011Master The Markets — I am starting to read this fascinating book. I have seen all these tactics but never knew volume reading can give so much insight. I have worked with a commodities trader who used to watch volumes and I always figured that ...
Sonic R. System
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Sumeet Malik replied Mar 16, 2011Got out at breakeven from the EUR/USD short. Now PA is asking for a long. GBP/USD is also up.
Sonic R. System
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Sumeet Malik replied Mar 16, 2011Thanks got out at break even. Will wait for the news
Sonic R. System
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Sumeet Malik replied Mar 16, 2011Thanks a ton. Yeah the price on EU has been bouncing around and GU is up. I will tighten my stop loss or get out before news if I can.
Sonic R. System
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Sumeet Malik replied Mar 16, 2011Eur/USD short set up? — I am taking this setup however the only thing that is on my mind is we are in the right time for the trade? Should I wait a little in the mornings for a better setup? Anyway TP @ around 1.3900 level. SL @ R1 1.4009.
Sonic R. System
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Sumeet Malik replied Mar 15, 2011Right. Got out of trade with small profit as think the time is getting over to be in trade. Thanks!
Sonic R. System
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Sumeet Malik replied Mar 15, 2011Anyone else taking the EuR/USD long setup? I am in. Sorry cant put the chart. EP - 1.3924. Target beyond today's Pivot Point 1.3967.
Sonic R. System
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Sumeet Malik replied Mar 15, 2011TP hit and price pierced through it. Now I can't watch the movement I missed
Sonic R. System
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Sumeet Malik replied Mar 15, 2011GBP USD Short — I took a Sonic short on GBP/USD. TP at around R1 1.6072. Notice I have also used the volume indicator by Enigma4x. Hope it will filter out some bad trades. Still I want to learn more about the volume theory. Would you say ...
Sonic R. System
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Sumeet Malik replied Mar 15, 2011Thanks! — Hi Enigma4x, I added your indicator to the SonicR template. It looks great. I hope we have some more discussion about how it use it well. Where it works and where doesn't etc. I am also looking forward to the manual that you are ...
Sonic R. System
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Sumeet Malik replied Mar 11, 2011Ya Kimis. Mine too. But I reversed as I thought it is resuming the downtrend and so far it is going on well. More pips to you!
Sonic R. System
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Sumeet Malik replied Mar 11, 2011Hi Kimis, I am in that long as well. However I think I chased the trade a little. 1.3825 area was a better entry level. What is your stoploss?
Sonic R. System
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Sumeet Malik replied Mar 11, 2011I took another Sonic short on USD/CAD. SL at R1. TP at S1 1.3704. Planning to move my Sl to break even now. Any ideas?
Sonic R. System