Sonic R. System

This is the advanced SonicR as I trade it, and I took that long trade today.

Sonic has an advanced approach also that is slightly different. We are working on defining them both better so that we can share them without confusing other Sonikers who are learning the system. Remember, sharing is caring ... and Sonic cares about all Sonikers so he does not want good people to be confused because what is most important is the basics of the classic SonicR: Wave analysis, highs and lows, support and resistance.

I guess u get you ur TP hit... last nite..

Sonic

Here’s how it works.


Our Madcap Speculator (MS), having been lured by an advert or other promotion, puts up $500 to “play the dollar.” He thinks the dollar is going to 1.75 versus the Euro — and he may well be right, given that we’ve already moved from 1.25 to 1.50 in the past six months or so.
FXhustle.com offers the Madcap Speculator 200x leverage on his initial margin deposit of $500. That allows the client to go long the euro and short the dollar to the tune of $100,000.
Now, either because he’s cautious or because FXhustle have insisted he do so, our MS places a stop loss on his trade — limiting his total possible losses to $1,000.
Which is where FXhustle becomes the near-certain winner and Madcap Speculator becomes the likely loser.
MS might be right about dollar/euro going to $1.75, but even if it does, we can be absolutely certain that it will NOT do so in a straight line. And, because he’s levered 200 times, our little speculator cannot sustain much volatility without being stopped out.
FXhustle, on the other hand, acting as MS’s counterparty, can endure much greater price divergence — even without having a view on the future of the dollar.
In its role as counterparty, the firm is taking bets from tens of thousands of customers across dozens of currency pairs. It can maintain a neutral market position while banking the spread between wholesale FX rates and the quotes it offers the Speculators of this world. But it then sweeps up as soon as a client hits a stop loss — which the volatility in FX markets, together with excess leverage, makes a certainty.
With a simple algorithm covering market volatility and the leveraged state of clients, FXhustle can make near-certain returns — in just the same way that a casino takes a pre-defined cut at the roulette wheel.
The only trouble for FXhustle is that it needs to keep finding new Madcap Speculators willing to lose their money in this way.
——
Returning to our real life example in the form of Gain Capital and FOREX.com, we can see that the firm currently has around 33,000 active customers collectively betting a nominal $1,200bn annually. For every $1m wagered by its clients, FOREX.com generated revenue of $122.
The firm does not appear to have divulged a figure for client churn, so it is difficult to know how many customers might be getting burnt on a monthly basis. What we do know is that advertising and promotion spending is running at $30m a year at Gain Capital, ranking second only to staff costs.
FOREX.com, like others in the same business, is regulated to the n-th degree — both from a capital adequacy perspective and from the advertising/promotion/consumer protection side.
But do the National Futures Association in the US and the FSA in the UK actually understand the hardwired hustle going on here?
If not, it’s about time they did.





Sonic


'Now, Tell me what do u see ' Rorschach


http://weeklyrot.files.wordpress.com...yrorschach.jpg

Wuauuu guys...I leave this thread for a few months and it has grouth so much....I can see there is a new template...
I´ll have to do my home-work and start from the beggining again...
It is a plessure to see you guys still here helping others...
Thank you all....

Welcome back Buddy,

We have grown much but the method doesn’t change much…It is just getting clearer..
I suggest you to go and download latest zip file in page 1 post 1 as we have a better and comprehensive manual attached in it…

Cheers,

Sonic

Yeap Sonic...just looking at it...nice job whoever made it...Thanks!!!
I am sorry now I left this thread...but you know how easy you can turn your eyes to a different way...
I am sorry i cheated on you guys...
Getting experience from others sourses was good but since I meet this system i knew it would be the one...
I hope I can make it...to become a sussesfull trader I mean...
Thanks again Sonic for " sharing.."
By the way...chat room still working???
Cheers...

Sonic, thank you for that informative post. I consider it a very good "read". Here is why. My experience in forex trading has shown me that money management is the MOST important aspect (I mean other than throwing darts at a board as the basis for deciding when to enter a trade). And the MOST important aspect of money management is to trade very light relative to account size. Why is this most important? Why is not "cutting losses quickly" more important? It is because of human nature. Logically, cutting losses quickly would seem to be the highest priority, but it belies the tendency to want to believe a losing trade will come back and therefore not close it promptly. So, given that human weakness (which can be overcome with losses and training), the paramount concern is to only have a very small trade going on. This way, like your broker, you can withstand the whipsawing and not "be taken out" of the trade at the worst time.

I am not saying to intentionally leave "losing" trades to run their negative course with the assurance they will come back and go to profit. That may very well happen, and it often does. But if it does not, you will lose an increasing amount of money until the run reverses and starts the inevitable pullback (which may not bring the price back to your entry, espcially if in a trend!) The most logical thing would be to get out quickly and sit and wait for another setup. However, there is nothing wrong with trading very light when you trade. And IF you should fail the "test" (to cut losses quickly), then you will at least not have the fear of having a lot of money on the table, and getting stopped out at the worst time because of overleveraging! If it is a little money, and especially if it is money already taken from the market, your stress level as price bounces up and down will be a LOT LESS.

Some quick thoughts in conclusion:
1) Trade what you see (forget what you believe).
2) Trade very light relative to account size.
3) Quickly cut and run if trade goes against you.

Number 2 is like a backstop for number 3. Number 3 is, in fact, HIGHEST priority in money management, logically. But number 2 deals with the reality that traders yet untrained in constraining emotions, hesitate. And the longer they hestitate, the less likely they are to do anything at all......the very thing brokers know and base their profit model on!

Are we going to get a LONG setup on GU?

We seem to have a nice wave starting to form on m15 and H4 shows two consecutive IB.
Not to mention teh pinbar on D1 bouncing right off the 61.8 fibo and the 1.62608 mark.

Hmm, SL looks like it is going to be rather large if this LONG comes off.

Any thoughts on this folks?

Looking at the same thing with a long in mind but still hesitant is hitting WP as I write this, will have to see if it breaks that or not.

Yeah, looks like 1.64500 is the sweet spot.
Volume seems to have picked up on this last candle.

Wonder if we can use the weekly pivot as the SL if it breaks?

Can u share that volume indic? Thanks

Sure, here it is.

Thanks mate .
I am still not in GU

Me neither, I am waiting to see if it makes a Higher Low & the London open is still, 1 hour 40 mins away.

I am thinking my EP may be around 1.64560

cool, goodluck and may we make $$$.

My Buy Stop got hit with this high volume candle.
Now, let the market decide.

I am in bit late at 1.6471

It just broke the 1.64764 resistance level.

SL hit at BE for me