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Sonic R. System

  • #8,361
  • Dec 9, 2009 9:44pm Dec 9, 2009 9:44pm
EU: Chart 1, watching to see if PA creates a leg up to Ep area (tentative). Chart 2, see how FEs align with past
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  • #8,362
  • Dec 9, 2009 9:58pm Dec 9, 2009 9:58pm
E/U: looks like price wanna test the bottom for the third time.
It may run up fast if the support holds... Anyways, be ready for
both: long and short setups.
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cut losses short, let profits run.
  • #8,363
  • Dec 9, 2009 10:41pm Dec 9, 2009 10:41pm
Quoting Pipdance
Sorry I have not posted for a long time but I had some studying to do. I saw this post and had to respond.

I traded this system in test for several months and lost money and finally made money. I had to learn about me, as much as the system, to do it.

When I went live, I started loosing money again. I had to go back and learn about me again and what changed from practice to live.

Once I learned more about me and what worked for me, I started making money again. I am not making much but I am on the possitive side.

So now it is back to learning...




Sorry to hear you had a bad time making the transition from demo to live, but at least you recognize it and that, is probably the most important thing.


As Sonic said, you have great honesty and your post is a good guide for other people such as myself, who are about to go live.

I have read a great deal about the transition from demo to live and the psychology that goes with it.

I am sure this is not your case but, It appears that most people make the biggest mistake in lending too much weight to how much they can win in a trade, while the big boys priority seems to be first and foremost, how much they can lose. So, mentally preparing ourselves to accept a given loss, is what allows us to become profitable.

Good luck to you & thanks for the post, I am sure you will have a lot of good trading ahead of you.
Starting to see instead of just looking.
  • #8,364
  • Edited Dec 10, 2009 12:07am Dec 9, 2009 11:19pm | Edited Dec 10, 2009 12:07am
E/U projection

EDIT: New lower low - no longer valid
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cut losses short, let profits run.
  • #8,365
  • Dec 9, 2009 11:42pm Dec 9, 2009 11:42pm
Comments are welcome .
2 fakeouts ...
SL >>> I have looked for the last swing H , and added a few pips as the DPV was closed .
I think that IF we are in a downtrend , that means that the last swing H should hold ... otherwise we are not anymore in a downtrend ...
BUT ...I am probably wrong with my SL placing
Tks
david4u
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  • #8,366
  • Edited Dec 10, 2009 12:23am Dec 9, 2009 11:47pm | Edited Dec 10, 2009 12:23am
Took this one...

EP : 1.6220
SL : 1.6278
TP1 :1.6173
TP2 : 1.6122

(very bad choose with that too short SL, i'm already stopped out)
Attached Image (click to enlarge)
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  • #8,367
  • Dec 10, 2009 12:42am Dec 10, 2009 12:42am
Caught the short setup on EU,
however took symbolic TP at the support, because
I really don't like the Price action now...
Very choppy, I'm staying away for now.
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cut losses short, let profits run.
  • #8,368
  • Dec 10, 2009 12:53am Dec 10, 2009 12:53am
monday +130 pips on GU
tuesday + 90 pips on GU
weds b/e on GU (budget speech)
today -40 pips on GU (interest rate decision t.b.a)
overall , a good week , however lessons to be learned
dont trade before big news .
  • #8,369
  • Dec 10, 2009 12:55am Dec 10, 2009 12:55am
David4u,

there are two places you can place your SL according to SonicR:
In the pictures the SL is set above the last swing L High or H Low.
Which is more conservative way.

Or... as you can do as sonicdeejay is often doing - placing the SL above
the initial Low or High.
Attached Image(s) (click to enlarge)
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cut losses short, let profits run.
  • #8,370
  • Dec 10, 2009 12:55am Dec 10, 2009 12:55am
I took this one on EURJPY :
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  • #8,371
  • Dec 10, 2009 1:49am Dec 10, 2009 1:49am
Hi Mates,

Took a contrarian chance after the jobs report in Australia.

Target hit. + 38pips. Closed.

Monitoring the GU, upticking now: I am looking to short it further up.

Wish you all a good trading day.

CYA later.

Claude
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  • #8,372
  • Dec 10, 2009 2:10am Dec 10, 2009 2:10am
Quoting cignus
I took this one on EURJPY :
TP1 hit => +34 pips
SL @ BE now...
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  • #8,373
  • Dec 10, 2009 3:04am Dec 10, 2009 3:04am
G/U:
Price is climbin' up, perhaps G/U will give me ~35 pips today
next to the nearest resistance, coz that's where my TP is.
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cut losses short, let profits run.
  • #8,374
  • Edited 3:55am Dec 10, 2009 3:39am | Edited 3:55am
Quoting Domas4
G/U:
Price is climbin' up, perhaps G/U will give me ~35 pips today
next to the nearest resistance, coz that's where my TP is.
Resistance reached, TP hit. I'm out of this trade.

EDIT: Just when price reached resistance price dropped by 40 pips,
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cut losses short, let profits run.
  • #8,375
  • Dec 10, 2009 4:23am Dec 10, 2009 4:23am
More on Pin Bars ... don't buy the lie
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  • #8,376
  • Dec 10, 2009 5:34am Dec 10, 2009 5:34am
Ddaytrader, if you don't mind I will add a few words to your last post:

"If you are trading bars, you are NOT trading price action"
(Said by ddaytrader a few hundred posts ago)
cut losses short, let profits run.
  • #8,377
  • Dec 10, 2009 6:00am Dec 10, 2009 6:00am
Hello, I propose to short GU

It is not a true sonic, but I see bearish waves before US open
Attached Image (click to enlarge)
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  • #8,378
  • Dec 10, 2009 6:11am Dec 10, 2009 6:11am
Quoting pipoca
Hello, I propose to short GU

It is not a true sonic, but I see bearish waves before US open
I'm looking for the same :
Attached Image (click to enlarge)
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  • #8,379
  • Dec 10, 2009 6:16am Dec 10, 2009 6:16am
Quoting cignus
I'm looking for the same :
Hello, for short GU, do you think it is best to put order now or at the US stock market open ?

Futures et TNX are positive now, so its means perhaps a weak dollars
  • #8,380
  • Edited 6:52am Dec 10, 2009 6:28am | Edited 6:52am
Quoting Domas4
Ddaytrader, if you don't mind I will add a few words to your last post:

"If you are trading bars, you are NOT trading price action"
(Said by ddaytrader a few hundred posts ago)
Perhaps you should inform them all at the James16 thread, and Basber at the same time because, Basber taught me about them!

Also, I think sonic has a lot of respect for that thread, there must be something in it.
Starting to see instead of just looking.
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