Hi Fellow Traders,
My name is Sonic. I want you to read The 5 steps of Becoming the profitable trader (5 steps pdf) document before you do anything else in trading.
A Sonicdeejay Story
I have been trading for a near 5 years now (Since 2008) and been full with cheers and tears.
Just like many of you. I started out looking for the holy grail <aka> indicators that gives buy/sell with no loss.
Soon, I found out that my trading statement is going no where, with messy charts and too many indicators to confirm. That causes the late signal trigger; minimizing my wins and maximizing my losses. I start to realize that indicators the one based on the prices happened can calculated according to the formula, causing them lagging behind the price. movement.
After reading many books, crawling different systems and LIVE trading, I have come to conclusion that there is no "mechanical" systems or indicators can really predict where the price will go with 60~100% accuracy. The market doesn't care about I became to understand the importance of Trade/Risk Management, General trend (Bias) , S & R. So, I started Sonic R with the intention to share and learn from traders alike. Few comes and goes, until traderathome came along.
He is a great man with pure heart. He put countless hours in writing up Sonic R templates and educating others. We will not be where we are here without his endless support.
The Sonic R philosophy
Trading is a probability business.
Even you put tons of hours for a set up and it still can turn sour..
You can win and you can lose too.
It is your job to minimize your loss and maximize your win.
You will follow set of rules that will help you on the winning sides most of the time.
The Rise of Sonic R
Here is a simple, nice and profitable 15M swing system that I get inspired from Raghee 's book.
A Blindly followed Moving Averages system can be very successful in trending market, but I am around here long enough to witness the failure of it, when the market goes into ranging periods.
So, I fine tuned the system with understanding of Volume Analysis,S & R, Wave analysis and Price action, and I am getting high success rate on my position/swing trading.
I'd like to call it Sonic R.
Now, it is not the magic bullet, nothing is.
It is a simple EMA based yet effective system.
You can earn 50 to 400+ pips on a trade.
1. Do not Over trade big or trade during Asian Session.. Most of the best Set Up or Proper trend occur at/after London Opens. You shouldn't trade more than 5 trades a week..
2. Never add a losing positions aka average your positions.
3. You SL must wide enough to for the price to breath.. If you put it too tight, the chance of getting your SL hit is very high even though the price goes to direction that you wanted eventually.
You also can check out our best contributor Professor TAH's templates <a href="http://www.forexfactory.com/showthre...75#post6707275/">HERE</a> and
Summary in English HERE
Summary in Russian HERE
Summary in Spanish HERE
Check out about the essence of Sonic R HERE, find out why the Sonic R set ups have been profitable.
Please refer to the attachment of this post and you can learn how to install and load the Sonic template properly , HERE
For Sonic R Scout,PVSRA
Sonic M (Money/Risk Management)
You can find out how you can maximize your winning edge, minimize your risk HERE
Advice for the newcomers
Just like learning how to drive a car or operation a surgery, trading isn't easy either.
But it can be learnt and understood with the great amount of effort and patience.
If you think or made to believe that trading is the "get rich quick" scheme, you are in for a rude awakening.
So, I suggest you to read all the material in page 1 post 1 and at least the last 50 pages of the forum.
Try with Demo trading first, to practice HERE ..
Then trade LIVE..
Sonic R on You Tube
I post videos time to time.. YOUTUBE
Give my videos thumb up, if you like it..
And why am I sharing this, while I do not earn a penny from you for my time and effort? Because I believe Sharing is Caring.
I have found my hedge fund and started managing others' money but I have no commercial interest in sharing this system.
You can say thank to me by posting comment in my profile, "vouching" me in my profile and rating to this thread (on the right hand corner of this page) or you can add Sonic R. System Group in facebook.. http://www.facebook.com/groups/sonicrsystem]HERE[/url]
Please don't be a silent lurker. Get yourself involve in this community, sharing with others as well about your experiences and trade set ups.
Let's get the ball rolling..
(P.S This knowledge shared here is totally FOC, I do not have any intention to make $$ out of it, why should I ask your money while I can make my own )