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Sonic R. System

  • #6,681
  • Oct 9, 2009 6:49am Oct 9, 2009 6:49am
i hope i am not too late for tis, as long as the TL dun break.

lets see.

update - my u/cad crashes due to better den expected CAD news sending in down . cls @ BE

g/j cls off @ +60pips its friday i am done for the weekend.

have a nice weekend fellows!!
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trade safe
  • #6,682
  • Oct 9, 2009 6:58am Oct 9, 2009 6:58am
Quoting Basber
Good Job RM ... Well Done !

I Didn't Do Anything, I Just Encouraged You To Do What You Was Capable To Do. It's All Yourself. I Think The Most Appropriate Person To Thank, Is Yourself

Regards,
Basber

That is the point Basber, I could not have done that without your advice.

That is why thanks are indeed in order.
Starting to see instead of just looking.
  • #6,683
  • Oct 9, 2009 6:59am Oct 9, 2009 6:59am
Quoting Basber
Hi AG,

There Is a Killing Thought That Is Routine In Many Traders. They Thing They Are Trading When They Are Pushing The "Buy" & "Sell" Button. But When You Watch For an Entry, You ARE Trading. Like DD's Signature (Man, I'm Missing Him!) It's Your Sitting That Makes You Money. I Personally Take Between 2-5 Trades Per Week. Because I'm Training My Self To Not To Trade Much And Pick The Best Ones.

If You're Missing The Setups, Don't Get Mad, Just Analyze Them After You See It Happens, Be Honest With Yourself, Put a Paper On The Price So...
I couldnt agree more...Thanks a lot for the thoughts

PS: I think I have broken the rule NPNT here...for a couple of posts now...Hopefully would make up for it soon
  • #6,684
  • Oct 9, 2009 7:13am Oct 9, 2009 7:13am
Just going over the E/U trade TAH took early in the Asian session and Oh, is it a beautiful one. downtrend to major S&R, consistent pullback to sonic tunnel then, volume kicks in and it breaks the resistance level and plummets. Bounces slightly off MS1 then takes out 2 more resistance levels before gently settling on DS1. What a beauty it was to watch.

Nice one T
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Starting to see instead of just looking.
  • #6,685
  • Edited 7:59am Oct 9, 2009 7:17am | Edited 7:59am
"I Personally Take Between 2-5 Trades Per Week. Because I'm Training My Self To Not To Trade Much And Pick The Best Ones."

Basber, thanks for these words.
I am now trying to reduce my trades, better 2-5 trades as what you say.

As NPNT, waiting for this guy a re-entry when CCI red->green


Quoting Basber
Hi AG,

There Is a Killing Thought That Is Routine In Many Traders. They Thing They Are Trading When They Are Pushing The "Buy" & "Sell" Button. But When You Watch For an Entry, You ARE Trading. Like DD's Signature (Man, I'm Missing Him!) It's Your Sitting That Makes You Money. I Personally Take Between 2-5 Trades Per Week. Because I'm Training My Self To Not To Trade Much And Pick The Best Ones.

If You're Missing The Setups, Don't Get Mad, Just Analyze Them After You See It Happens, Be Honest With Yourself, Put a Paper On The Price So You'll...
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Be a friend, My skype id: helloworldsh
  • #6,686
  • Oct 9, 2009 7:59am Oct 9, 2009 7:59am
Quoting Rastaman
At long last I now understand the value of drawing one's own S&R lines.
Not sure why I simply refused flat out to draw them previously, maybe I was unsure I would draw them in the right places or, draw too many so I ended up with a net of lines that would prevent me from making an entry at all.

Actually, I did previously try drawing them but, I started on W1 then moved to D1, H4, H1, M30 and M15. I could hardly see the woods for the trees.

Hopefully there may be less stubborn people than myself who read this and try drawing their own S&R on...
Good going, RM! And maybe more to come.
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  • #6,687
  • Oct 9, 2009 8:04am Oct 9, 2009 8:04am
EU M15: Adding Tp3 to trade...though reaching it may involve small amount left on table, as hold over thru weekend. Well, will see how well the PA does on reaching Tp2 first.
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  • #6,688
  • Oct 9, 2009 9:07am Oct 9, 2009 9:07am
Quoting zz_zhang
i hope i am not too late for tis, as long as the TL dun break.

lets see.

update - my u/cad crashes due to better den expected CAD news sending in down . cls @ BE

g/j cls off @ +60pips its friday i am done for the weekend.

have a nice weekend fellows!!
my gu trade tp hit. tats all for me folks
trade safe
  • #6,689
  • Edited 9:36am Oct 9, 2009 9:23am | Edited 9:36am
TP2 131.95 hit, +160 pips the other half take.

Quoting szpower
This one was kind of a seesaw. I am holding it yet.
float +36 pips now.
Thanks Basber!

Update:
Now TP1 hit, +60 pips, take half, another half BE.
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  • #6,690
  • Oct 9, 2009 10:13am Oct 9, 2009 10:13am
anyone,

pls what determine your TP points?

what appropriate money management do you use?

thanks
  • #6,691
  • Edited 2:48pm Oct 9, 2009 12:46pm | Edited 2:48pm
EU M15: That Tp2, which I had earlier lowered and posted about, has been reached. Moreover, you can clearly see the downward move was on heavy volume and the pump back up has been on much lighter volume.....therefore we have confirmation this is in a selloff mode now, as the big boys manipulate/ whipsaw it up and down.

Edit: I had lowered Tp2 so that it would be 100 pips below high of session. It was a good guess as the range has been 105 pips! The big boys LOVE the round numbers 100 and 150! There was little chance they would stop at 96 or 98 pips....100 it would have to be. And, in their greed, a few pips more for good measure!
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  • #6,692
  • Oct 9, 2009 3:21pm Oct 9, 2009 3:21pm
Quoting watchout4me
anyone,

pls what determine your TP points?

what appropriate money management do you use?

thanks
Hi,

TP : I Usually Use Supports And Resistances And Daily Fibonacci Pivots For Taking Profit.

MM : I Risk 2% Of My Account On Every Trade.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #6,693
  • Oct 9, 2009 4:09pm Oct 9, 2009 4:09pm
Quoting Basber
I Personally Take Between 2-5 Trades Per Week. Because I'm Training My Self To Not To Trade Much And Pick The Best Ones.... The Most Important And Hard Lesson In Forex ... Waiting !

Regards,
Basber
We should start calling you "Basber the Wise." I keep my own copy of a Basber-note on my screen: "Be more picky." The more picky I am, the better I do. I still take my losses, but my winners tend to be larger and my TP's more precise.

Great post, Basber!
  • #6,694
  • Oct 9, 2009 9:11pm Oct 9, 2009 9:11pm
TAH

Is there a bug in the pivot indicator?

I open MT4 everyday and when it opens, the charts all look like the upper photo, until I reload the template, then I get the charts as in the lower photo. Anyone else experiencing this?
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Starting to see instead of just looking.
  • #6,695
  • Oct 9, 2009 9:28pm Oct 9, 2009 9:28pm
[ATTACH]Attachment [/ATTACH]Hi guys, thanks to TAH, I'm making my first trade posting.

All your trade setups and execution are done so beautifully. I am reading the same analysis but I am not racking in the pips... Why? Cos I micro-manage. Watch the pip jump around, place 20 pip stops and get knocked out by noise. I'll try to re-evaluate my stop placements.. I see most of the setups posted and on average, the are about 50-60 pips away ( correct me if Im wrong). Hope to get it right next week. Its frustrating to see markets move your way after getting stopped. Not as easy to jump back in.
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  • #6,696
  • Edited 11:09pm Oct 9, 2009 10:52pm | Edited 11:09pm
Quoting furburr
[ATTACH]Attachment [/ATTACH]Hi guys, thanks to TAH, I'm making my first trade posting.

All your trade setups and execution are done so beautifully. I am reading the same analysis but I am not racking in the pips... Why? Cos I micro-manage. Watch the pip jump around, place 20 pip stops and get knocked out by noise. I'll try to re-evaluate my stop placements.. I see most of the setups posted and on average, the are about 50-60 pips away ( correct me if Im wrong). Hope to get it right next week. Its frustrating to see markets move your...
Seeing how nobody is around, this is how I would have looked at it.

It doesn't look a an SL placement problem but an entry problem.

PA bottomed out then made a Lower high but a higher low after which it made a higher high, CCI was retracing and the top bar turned from red to green. After which, PA made another Higher High and slightly higher low.

Your lower trend line was holding and was a sign that the lows were getting higher and PA was testing the tunnel dragon and piercing the red middle line. Certainly not a time to go Short as PA was getting ready to breakout in the other direction.

Hope this helps
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Starting to see instead of just looking.
  • #6,697
  • Oct 9, 2009 11:23pm Oct 9, 2009 11:23pm
See how this whole area changed from resistance to support until it broke again.
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Starting to see instead of just looking.
  • #6,698
  • Oct 9, 2009 11:32pm Oct 9, 2009 11:32pm
Keep at it it Furbur, I almost threw in the towel a week or so ago but realized I was simply giving up because I did not understand and frustration ran amok.

You can do it, we can all do it, we have to or we will just wander around from system to system and change this indicator or that until we realize that WE are the only real problem & we are just endlessly repeating the 5 steps sonic laid out in post one.

Good Luck
Starting to see instead of just looking.
  • #6,699
  • Oct 10, 2009 1:00am Oct 10, 2009 1:00am
Quoting Rastaman
Keep at it it Furbur, I almost threw in the towel a week or so ago but realized I was simply giving up because I did not understand and frustration ran amok.

You can do it, we can all do it, we have to or we will just wander around from system to system and change this indicator or that until we realize that WE are the only real problem & we are just endlessly repeating the 5 steps sonic laid out in post one.

Good Luck
Thank you Rastaman,
Really appreciate your efforts in explaining your take on that trade. For myself, I must admit I have done quite a fair bit of system hoping ( this forum especially ). To end up at my current situation where I am barely breaking even on my trades week after week. I have been visually trading Sonic system for a while but like you said, my trade management ( entry, stops, t/p) levels are yet to mature. And my WORST trait right now is impatience. I have not trained myself to be able to sit on a trade long enough to let it run its course. But I feel that can be rectified once I can improve my entry, s/l and t/p levels. To get that confidence that Im using a system thats correct >50% of the time and has a good Risk/reward ratio will definitely help in sitting the trade out.

I will try to post more and please feel free to comment. Thanks again.

FB
  • #6,700
  • Oct 10, 2009 1:00am Oct 10, 2009 1:00am
My Two cents

1) Go through each post by Sonic, from the first page to the last page
I read them three times
2) Know the rule of Sonic.R. system, it is just the start point. Then try to dig deeply the follow aspects:
- S&R
- PA (Price action), sonic like to say hammer or revers hammer on 4H
- Volume (This is the root cause of a huge wave)
3)Reduce trades, Basber said 'picky' and '3~5 a week' and 'Waiting'
4) SL hit issue, it is a normal issue; Sonic himself would get a SL hit too.
Each time get a SL hit, i would be glad, i could improve myself a bit from this failed try, of course give it a detail analysis why i failed.

Sonic R is an outstanding system, very simple, but i really love it.





Quoting furburr
[ATTACH]Attachment [/ATTACH]Hi guys, thanks to TAH, I'm making my first trade posting.

All your trade setups and execution are done so beautifully. I am reading the same analysis but I am not racking in the pips... Why? Cos I micro-manage. Watch the pip jump around, place 20 pip stops and get knocked out by noise. I'll try to re-evaluate my stop placements.. I see most of the setups posted and on average, the are about 50-60 pips away ( correct me if Im wrong). Hope to get it right next week. Its frustrating to see markets move your...
Be a friend, My skype id: helloworldsh
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