I am short the EJ during Asia ... shhhhhhhhhhhhh, don't tell Sonic!

Sonic R. System

Hi Sonic, Do you use the cci center line re-entry technique to "ride the Sonic Dragon"? By the time I logged on the move was under way from earlier SonicR buys. I sat and watched. Thank you, ddaytrader

Sonic R. System

According to the FXCM, that's your problem. I still like FXCM. I really do want to keep my acount with FXCM. I just do not like the options that they are presenting to me.

NFA - "No more Limit or Stop Loss orders"

That is correct. I understand that according to new NFA regs, choice exists for you as a futures trader, but not as a spot forex trader. That is unfair of the NFA. The primary point that threatens to get lost here is that the NFA still allows LIFO ...

NFA - "No more Limit or Stop Loss orders"

I quote from page 3 of the above referenced doucment: (b) Offsetting Transactions Forex Dealer Members may not carry offsetting positions in a customer account but must offset them on a first-in, first-out basis. At the customer’s request, an FDM ...

NFA - "No more Limit or Stop Loss orders"

I didn't trade them because I was going to bed, not because it was out of trading TF. My trading TF is really whenever I see a SonicR. I'm not crazy about the late NY/early Asia time, but if I'm awake and my I see a trade, I'll take it. If I'm out ...

Sonic R. System

If they had triggered, I would have traded them. I have done very well trading Asia so long as it no earlier than Tokyo -1hour. I just cancelled the orders because I do not like entering a position while I sleep. If the postion was already opened, I ...

Sonic R. System

Excellent call, TAH! I saw it too on the GU and the GJ, and I also saw a nice SonicR short setting up on the USDCHF. I do trade Asia, but when none of my trades triggered before bed time , I cancelled my orders and went to sleep. Now, this lazy ...

Sonic R. System

The spread is part of the game, and you need to account for the spread. Don't get mad at your broker. If price gets to within a pip of your first TP, and starts to reverse, close that 1/2 of your position yourself manually. I used to get mad at my ...

Sonic R. System

Yes, FXCM wants us to believe that all of those order types are "illegal" in the US. Laughable.

NFA - "No more Limit or Stop Loss orders"

I agree, and if I have to go offshore to get the functionality I necessary, will likely look elsewhere. I know FXCM has made transfer to their UK subsidiary an option, but I feel that FXCM has really devised these changes to force their customers ...

NFA - "No more Limit or Stop Loss orders"

Well, GU never even made it to my first TP a mere 40 points away from my EP. Even though I bailed on the trade, it would have been nice to see the first TP achieved. As it was, the GU was basing for another stab at the ealrier HOD. Again, note that ...

Sonic R. System

Sometimes, my timing is impeccable lol

Sonic R. System

Well, as it has been said, if you don't bet, you can't win, but if you lose all your chips, you can't bet. Choppy is right, Basber. I do not know if the GU will decline into my target(s) or not, but if it does, it will have to do so without me. I ...

Sonic R. System

Everything was certainly lined up for a short on the EJ just as you traded it. I typically stand down and look elsewhere when a SonicR entry point is below(for short) or above (for long) a very large range bar (in your case the bar that formed the L ...

Sonic R. System

Basber attached it to Post #3349 on page 224 of this thread

Sonic R. System

Hi Sonikers, I am short the GU @ 1.6271 First TP is +40, second TP is +100 We shall see. I prefer the EJ, but today's wide range made it a real difficult R/R for me, so I looked the GU. Good Luck!

Sonic R. System

I agree, Basber, wise words indeed. Plenty of SonicR every week. It is always best to wait until you see nice, clean, "clear as day" swings for the H-HL-HH or the L-LH-LL. Patience is usually rewarded, and more quickly than one might think. I can ...

Sonic R. System

Yes, Sonic, indeed. Here is my updated EJ 60M "Swing Trend" Chart. Price has worked its way back to the blue line (the level you note). A break and hold above there would change hourly TF trend from down to up. In other words price rallies above, ...

Sonic R. System

Hi Sonikers, Its late here, and I better get to bed or I won't wake up in time for NY. Here is th current look on the EJ. This could easily turn itself around and become a long opportunity, but for now, I'm reading it as a possible short. As we all ...

Sonic R. System