Means you put limit orders/ stop orders on the chart with SL and TP and expiry timings and then basically just walk away and let the broker execute the orders when price reaches those levels you've specified. OR It means you buy USD/JPY at 77 with ...

What is a set and forget strategy?

Hmm I see! Yeah maybe that's why we are getting those curved thingies I posted for the EUR/USD H4,H1 chart. It's an impending pressure breakout of sorts... haha in some sense price does reflect what you are saying! Maybe this time the US is really ...

Sonic R. System

If the MM is receiving a lot of buying orders, it means that investors/retail/corporations are buying a lot of euro. The MM is just an intermediary between buyers and sellers, and may be net long or net short but probably heavily hedged either way. ...

Sonic R. System

Actually MM are obliged to take the opposite side of our trades since they are the supply side, so more bids than ask should mean that they are selling a lot to institutions and retail? Honestly I don't think MM profit much from market movements, ...

Sonic R. System

Given these information, I would believe at the moment bulls are at an advantage... but i would not trade it because the daily downtrend line is in the way... and enigmafx did mention something about correlation between gold and e/u at the moment. I ...

Sonic R. System

GCHF looking good.

Sonic R. System

1 min chart. TDI into < 20 region --> high potential for huge run of min. 50 pips. (fyi the tdi on the 1 min chart very rarely gets to the above 80 or below 20 zone...) image I would NEVER do any buy trades without seeing divergence + volume + s/r ...

Sonic R. System

5 more minutes to volatility and we shall see...

Sonic R. System

downtrend line daily.

Sonic R. System

GJ setting up for potential down move.

Sonic R. System

Switch to a non-US broker. I recommend Global Prime (Australian) - unless you live in the US in which case you can't lol.

Sonic R. System

Actually I don't see what's wrong with using indicators. Even prop traders use indicators, bank traders rely on things like RSI, moving averages too; all depends on the system.. but as a rule of thumb, indicators that give similar/same information ...

HEAVY Support/Resistance System

shouldn't the rule apply both ways - no negative swap as well.

Sonic R. System

everyone reading this thread should take note the points SaiLyfee has marked out. DO NOT buy the falling knife, I think TAH will agree with me that he probably got a bit careless on that one and started buying too early.

Sonic R. System

haha ok I know what you mean. It was just a random idea that I came up with, don't think I will actually do that for my trading without testing it thoroughly first lol!

The Semi-definitive guide to Pascal's Triangles in Forex

Wow what a move on GJ even before london opens. image p.s. Buying opportunities on GCHF soon.

Sonic R. System

Hey sorry but price seems to have reacted to upper channel resistance on 1hr chart... image

Binary Options Trades Based on The Strong 4H&Daily S&R Levels

LOL actually I think this is a legit issue. I 'think' I am better at shorting stuff but the p/l statement shows I have more profit from longs LOL.

Trading EUR/USD and USD/EUR at the same Broker to inverse

alright. you've done a great job with the volume indicator, even with the current version that we are using, I think it's one of the only indicators out there that actually tell something useful and real lol, so thanks for that. very creative ...

Sonic R. System