Thanks for that long post and trying to answer my questions, i appreciate your help, as always. Although i think that you may have overlooked the gist of my dispute. What i am trying to find out is not how to find the perfect setup (i never said anything about that), but rather why a lot of the top traders setups are always winning.
For example look back at sonicdeejay's posts for the last couple of weeks, he has posted about 14 wins and only 1 loss. Sonicdeejay why don't you post more of your losses to show us what caught you out so that we...
Hi Leo,
I Personally Don't Post All My Trades, Both Losing And Winning. Like Once DD Said, It's Not About Telling We Are Right, It's About Learning Something That We Think That It Works. If You Want To Find Out That It Works, You Should Try It For Few Months.
I Myself Get Confused About What You Said In Your Previous Post, About Something Will Be Wrong If a Trade Losses And That Thing Will Be Ignored And Not Talked About When It Was a Winning Trade. I Had This Confusion In Another Thread, And That's Why I'm Here Now. When I Started To Read This Thread, Like DD Said, I Found Out That This Method Is Mostly Based On Price Action, And Indicators Are Just For Confirmation. And Sometimes You Can Ignore It. But This "Sometimes" Comes After Few Months Of Experiece With This System, Not At The Beginning.
I Should Confess That I Had Such a Doubt About Sonic, But After a While I Found Out It's Possible To Trade Like That, Having Very High Winning Rate. I'm Sure If You Continue, You Will Say Such Things To Another Traders Who Thinks Like This In Future.
But For Now, I Don't Want You To Believe ANYONE. Just Try It Out Yourself.
Reaching That Level To See Thing Clearly And Choose Perfect Ones, Is Not Possible Right Now. IMO You Should Try To Demo, Try To Loose And Win And Then After Some Experience, You'll Find Out What Works Out For You Better.
I Said It Before, There Is No Right Or Wrong Thing In This Business. Think It This Way, If There Was a Right Thing, Then Why In Hell This Thread Was Needed ? I Believe Sonic R Moslty Is a Method, Not a "Strategy". You Should Adjust It To Your Own Personallity. If There Was a One Single RIGHT Way, Then All Of Us , Like You Said, Should Go Through The Same Road When We See a Setup. But The Thing Is Some Traders Like DD Just Focus On M15 Chart, And Use Higher TFs Just For S&R, I Personally Use Higher TFs For CandleStick Besides S&R. I Use M15 And H1 TF For General Trend (Because In H4 And Daily, Moves In M15 Is Just a Noise). Some Traders Will Do Some Other Calculations, But The Thing That Matters, Like DD Said, Is The Bone Of This Method, And That's Wave Analysis.
Try To Work With This System For a While , Then We Can Guide You To See The Perfect Ones. It's Not Like "When ------ Happens, I Call It a Perfect Setup". If It Was a Way To Reach This Level By a Sentence Or a Post, Then Why We All Emphasize That Every One Read The Whole Thread ? It Needs a POINT OF VIEW, And This Thing Only Achieved By Experience.
It's Like To Become a Surgeon. I Want To Ask You If a Doctor Reads All Books In His Category, He Can Become a Good Surgeon ? After Reading All The Books And Stuff About Surgery, He Can Take a Tumor Out Of Ones Brain ? Hell No ! He Will Need To Have Minimum Experience To Do That.
In Trading , You Need a Minimum Experience With a System To See Perfect Setups.
I Re-writing The Manual, I Tried To Write It Very Complete, But It Wouldn't Do Reading All The Thread For You.
I've Seen Many Newcomers That They Read The Manual, And They Read Few First Pages, Then Come To The Last Page And Want The Secret To Be Successful. But The Secret Lies In You, Not The System. Like DD Said Many Times, It's You Who Are Making The Money Not The System.
I Totally Understand The Doubt You Have About The System And Other Things. It Will Not Go Away With Seniors Post Or Sonic's Post Himself. You Will Become Sure When You Yourself Experiece Things That We Experienced. Some Will Leave The Thread Before That Level And Seek For Another System That Works (And I'm Sure It Will Continue) And Some Other Will Stay And Do Some Hard Work, Like Rastaman (I Really Appreciate His Hard Work).
We All Want To Know The Shortcuts, But Believe Me, There Is No Shorter Way To Master This Method Except This :
1) Read And Re-Read The Manual, Ask About It Until You Fully UnderStand It.
2) Read The Thread, Analyze All The Examples
3) Share And Ask Questions About Your Trades In Demo.
It's Not Only About You, I've Seen Many Many Times That DD Said To Traders To Read And Re-read The Whole Thread. We Are Here To Help You, So Believe Me , If It Was a Better Way, We Would've Told You To Do So. But It's The Only Way To Master This Method. We Will Not Gain Anything If You Stay Or Leave Or Become One Of The Seniors, So When We Emphasize Something, It's For Your Own Good.
Do Some Hard Work And We Are Here To Support You
P.S. : Now I Call This a Perfect Setup, Both TP1 And TP2 Hit.
P.S.2 : Sorry If I Said Somthing That Has Been Said Before My Post, I Didn't Read The Next Posts After Your Post.
Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
