DislikedCare ful if u wanna add short...
See some vol..
Not long either..no wave up..
http://www.forexfactory.com/attachme...3&d=1316441677
SonicIgnored
Sonic
The System Behind the System, by Merlin Jeffries 16 replies
Sonic R.evolution 93 replies
Old School Sonic System + Other Things 11 replies
Knife system, Vegas 4h system related questions. 4 replies
Would you trade this system? New system #2. 10 replies
DislikedCare ful if u wanna add short...
See some vol..
Not long either..no wave up..
http://www.forexfactory.com/attachme...3&d=1316441677
SonicIgnored
Dislikedgot 52 pips profit from e/j short trade today. e/u short sl be+1 hit.
too bad that didn't short the u/j, the waves were quite obvious, u can check u/j chart.Ignored
DislikedSonikers can check the H1 chart and see that the half number area of your TP is a support area, in case they wonder why you choose to take profit there. It is unclear from the picture if entry was on first pass down thru blue EP line, or if you waited to see if PA came back up to that SR area. It might be interesting to Sonikers to know how you handled that. Either way, it shows you patiently waited for PA to drop thru the SR area of your EP. This is in contrast to entering at least several pips beyond the first candle of PA wave leg #3 that...Ignored
Dislikedentry was first pass down thru EP line, below recent PA lows, below dragon, below whole number level. i don't consider single candles exiting the dragon.thxIgnored
DislikedHi all,
I am a newbie, just started live trading.
Thank you Sonicdeejay for started this thread, it helps me so much !
and all the contributors (ddaytrader, tah, aligator, basber, domas, and everyone who have posted).
btw, this is my last trade: TP was reached.
Please correct me if i was wrong and just lucky. Any opinion will be very appreciated.
regards,
NTIgnored
DislikedThanks for your clarifying EP event, ott256.
It is interesting when you moved your SL to BE+. PA created a small range immediately after breaking the previous significant lows (immediately after your entry). Then, it looks like PA dropped out of that small range, and on that additional move down you relocated your SL to BE+1.
Is that a method you regularly use to time moving your SL? I only ask because I have had problems using the SL, and am interested in absorbing all I can about managing it. Other Sonikers might like to know, also....Ignored
DislikedGU:
TP is reached. This separate account trade is closed.
EP= 1.5708
Close= 1.5634
Net profit= 70 pips
For the record, this was a classic Sonic R. trade.Ignored
Dislikedentry was first pass down thru EP line, below recent PA lows, below dragon, below whole number level. i don't consider single candles exiting the dragon.thxIgnored
DislikedTold Cha..
http://www.forexfactory.com/attachme...3&d=1316441677
http://www.forexfactory.com/attachme...1&d=1316446122
SonicIgnored
DislikedI share/open sonic R to have positive impact on my fellow Sonikers..
Pls keep that in mind...Ignored
Disliked... Whether trading demo or real, trade a puny amount compared to your account size. If your trades keep geting into trouble, remove your stops and don't do anything! What goes up, goes down....and visa versa. Leave it alone and most of the time you will come back to break even and even a profit...right now the market is full of whipsawing. It is what the Big Guns do to be able to change gigantic positions over time without driving the price too far before they are ready for it to sprint off on a new trend....Ignored
DislikedSonic,
I too post here to have a positive impact on fellow Sonikers. My definition of "positive impact" is to help them become profitable and smart traders. I thought that was your definition as well.
But here's the problem, Sonic: Because you do not say anything to correct TAH's follies, then you end up having a negative impact on newbies because they think that TAH is an example of how YOU, yourself, sonicdeejay actually trades like TAH trades, and your silence implies that you approve of his trading style, e.g....Ignored
DislikedThis thread is the record. Everyone and anyone is free to judge me and to judge you by what we have posted and how we have said it.
You are the one who hurls insults and expletives. The sheer lack of emotional control in your posts is a clear reflection of why you will never succeed as a trader. You are an eruption emotions.
I simply stated the facts.
Those who wish to learn to trade SonicR, if they are thinkers, will know which posts to follow and which to ignore.
I have finally resigned myself that I can't save everyone from...Ignored
DislikedPart of what you have done is fine, but it is not yet a valid SonicR setup because:
1. The Dragon is not angled up
2. PA is not yet above the Dragon
Your SL placement, between the start of the PA wave legs 1 and 2 is proper. Consider your TP some more. I see the high you have used in placing the TP, but you might also cosider something a bit closer to the whole number area just below, where a series of candle highs terminate.
Overall, remember the trend is down, and should a setup occur, such as what you are looking for, it would be a counter-trend...Ignored