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Sonic R. System

  • #8,501
  • Edited 12:07pm Dec 12, 2009 10:27am | Edited 12:07pm
Quoting blackcat2
on a hindsight it's easy to see that I should have enter the trade earlier but at that time I have no confirmation that it wasn't a whipsaw, retrace back to the the previous level and then go the other way around. Is there another way to confirm whether the trend up will go up for at least 20 pips?
Oh, is that all you want, a magical potion that will tell you in advance when you are guaranteed at least a 20 pip profit? Why didn't you say so!?

Do you not see that you are falling into the trap - you are doomed. You are looking for the Holy Grail. It does not exist. Trading is about probabilities, not certainties. If you need certainty, get a job (not that that is all that certain for anyone any longer). Do yourself another favor and read the 5 steps .pdf file in post one of this thread. And don't just read it or skim it, but study it. You need to learn those five steps and you need to then see yourself in them.

Also, why 20 pips? Why not 50? 80? 100? Another trap new traders fall into in thinking they need to make "just 20 pips a day" and all will be well. Trading does not work like that outside of the world of the blood sucking vendors who sell new traders a dream and while blowing a plume of smoke up their nether regions. I have a goal - I like to keep a five week trailing avergae of two hundred pips/profit per week. Some weeks I make 0 pips. Other weeks I make 500 pips. Overtime, those ups and downs seem to average 200-250 pips/ week over a trailing 5 week basis for me. If I have week where I only make 40 pips, what do I care? The next week or the week after that I'll probably hit for 600 pips. Do not start looking for 20 pips/day. Look to learn to trade based upon SonicR, make a trading plan based on SonicR that fits your personality, and then make it your goal to trade your plan, not trade for fixed pips. Trade a sound plan based upon what Sonic teaches in this thread and the profits will take care of themselves.
  • #8,502
  • Dec 12, 2009 12:02pm Dec 12, 2009 12:02pm
Quoting david4u
DD ...I have so many questions to you ..... sorry
1.When setting your SL ,do you take the dragon into consideration or it will be always above/below the last swing ?

Always set my SL based on price, not an indicator. As valuable as the dragon is, it is just an indicator.

2.EP > last swing low was 130.97 .Your entry was @ 130.96 with a sell stop order .So it's just ONE pip below.That's the way you always enter , just one pips above/below the previos H/L ?.Others may consider a bigger "filter" to try to avoid fake breakouts (I assume you don'y need) .

Depends upon volatility. Last year when price was moving 400 pips/day, I used 8-10 pips to enter. Right now, low volatility, so I just use the spread.

3. TP1 . Can you explain why you did not take for example 130.56 with 40 pips as your TP1 ? At this level I can see price may find S/R , DR1 at 130.50, point B and point C .

You could use that, I used the next S/R level down where it lined up with my fib levels.

May be the answer is that at this point the RR was not enough for you (40/30) ? therefore you went for the second "level" a few pips above mR1 ?

Nope. I only trade if I have at least 1:1 R/R, so your level was fine. I used the next S/R level where it lined up with my fibs.

4.When you hit TP1 , you did not moved SL to BE (as in you quote) but you locked @130.51 with 45 pips profit .

I was explaining SonicR Money Management. I have said many times I do things a bit different.


Can you be so kind and try to explain why and when you modify the original rule ? Did you do that because of the high TP1 which was 80 pips .

Because it fits my fear and greed and lets me control them better.

As a newbie I am looking for "simple" rules that I can follow , and I see there is a lot of discretion...(I am not saying that locking profit it's a bad idea)
What if TP1 will be 50 or 60 ...

This is dicretionary trading. You need to make choices. You will make mistakes along the way. No problem, you move on.

5. All the TP placement looks more like an art . TP2 was just above point A ?
Someone else could have gone just a few pips above DPV , right ?

Right. I base TP's on S/R and Fib level "confluence," i.e. where S/R and fib levels line up.

6 .It's a coincidence that your TPs look so nice and round 80+130 ?

I try to exit at round profit levels if I can. Other times I may be trading for +31 and +62.

I guess you do not have fix TP's but you always look at Pivot's+fibo's+S/R ?

Right. How else can you trade and still say you are letting your profits run?

7. For advanced sonikers , would you consider an entry around point D after price got support from the dragon+ breaking up TL and making a tiny DT ?

You could use SonicRentry but price has already hit TP1. I do not like to enter after TP1 is already hit unless I get another classic SonicR.

DD , your contribution to this thread is priceless
We need you very active
Thank you very much for helping and for you patience .
Have a nice weekend
David

Ok. But there is no need to PM asking me to answer questions already posted to the thread. I'll get to them when I can. If a few days go by and you see me posting but not answering, then simply repost the questions.

I see a lot of folks getting lost in the details instead of focusing on the big picture basics.

You will learn much more from reading and re-reading the Sonic manual and reading and re-reading this thread. I myself review about 100 pages of posts each week. I never stop. It used to take me a few minutes to read the whole thread, then a few hours, then a few days, and now it takes a few weeks to find the time, but I do it over and over and over again.

Everything anyone needs to learn this system is already in this thread. SonicR can not be spoon fed to anyone. You must pick up your own knife and fork, and start feeding yourself on your own at a sensible pace.
  • #8,503
  • Dec 12, 2009 12:07pm Dec 12, 2009 12:07pm
Quoting ddaytrader
[...]
You are looking for the Holy Grail. It does not exist. Trading is about probabilities, not certainties. If you need certainty, get a job.
[...]
I wrote "100% forex system" in Google and found this "Super Forex System."
Pay him money and he will give you the holy grail.
However, there is no customer service. (I wonder why )
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cut losses short, let profits run.
  • #8,504
  • Dec 12, 2009 12:39pm Dec 12, 2009 12:39pm
I read posts and get many PM's from folks telling me that want to be able to trade SonicR like Muhammad and Domas and I. But who is willing to work like Muhammad and Domas and I?

Here it is, Saturday afternoon, and look who's doing the work and the study!

It's like that old saying, "the harder I work, the luckier I get."
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  • #8,505
  • Dec 12, 2009 12:47pm Dec 12, 2009 12:47pm
There is no 100 % in this world how can they say that the robot is 100 % right totally scam and earn money ,,,,,,

Do trading with your mind and discipline consistency and dont try put other system things on sonicR, and make your note book and keep every trade record bcoz it help u after winning and lossing the trade, study why u loss and why u win,if u r serious with your trading mind and study the system correctly then u will be success soon hope its help for the new commers its the thing which did and i m doing ,,i will share my all trades as i did

sorry for my bad english ,

Muhammad





Quoting Domas4
I wrote "100% forex system" in Google and found this "Super Forex System."
Pay him money and he will give you the holy grail.
However, there is no customer service. (I wonder why )
FxHome
  • #8,506
  • Dec 12, 2009 1:27pm Dec 12, 2009 1:27pm
I want to share something that maybe it was posted alredy , but I think is very usefull.
They are not my creation , I only put them together.
-Money Management Calculator : see the example
-Targets : Help you see trading like a business , don't overtrade , once
you reach your daily/weekly/mounthly target, stop real trading,
do demo . Preserve your capital
-Diary of you trades : During weekend give a look over the trades you've
made .Are you following your plan ?
It will help you become a better trader.

Example :
Let say that you have a 1000$ account and you want to risk only 2%per trade of your account , after you calculate your SL , ex. EURJPY trade with SL=50 PIPS , your position size will be 0,40 micro lots or 2 X 0,20 micro lots.

Sorry for my bad english .
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Attached Image
Attached File(s)
File Type: xls Forex Targets.xls   98 KB | 628 downloads
  • #8,507
  • Dec 12, 2009 1:36pm Dec 12, 2009 1:36pm
Quoting gsfx
I want to share something that maybe it was posted alredy , but I think is very usefull.
They are not my creation , I only put them together.
-Money Management Calculator
Excellent share!
  • #8,508
  • Dec 12, 2009 1:47pm Dec 12, 2009 1:47pm
good share gsfx,,



Quoting gsfx
I want to share something that maybe it was posted alredy , but I think is very usefull.
They are not my creation , I only put them together.
-Money Management Calculator : see the example
-Targets : Help you see trading like a business , don't overtrade , once...
FxHome
  • #8,509
  • Dec 12, 2009 2:05pm Dec 12, 2009 2:05pm
" Sharing is Caring " Sonicdeejay
Glad you find it usefull
  • #8,510
  • Dec 12, 2009 2:11pm Dec 12, 2009 2:11pm
Since, I get PMs with questions about SonicR
or requests to review their charts I want to say this:

1. We all are here to learn. Do not go 'private' with Sonikers, post
your questions in the thread. If people do not respond to your post
immediately, it's because they do not have time or your post is
completely off-topic and does not belong to this thread.There is a reason
traders like Muhammad, Ddaytrader and sonicdeejay are profitable - read
their posts carefully before posting your question.

2. Share your questions in the thread, BUT keep it in a constructive
manner. Post your charts (clean as possible, without any non-SonicR
related indicators), state your questions clearly. If needed, turn on
Paint.exe and point out what you don't understand so people could
answer to your questions correctly.

3. Keep focused on SonicR. Do not post any fundamental explanations like
"ECB is about to cut the rates therefore Euro rallied against the Dollar for 30
pips."

Do this in sake of other beginning Sonikers, to keep them on the right path.

P.S. Nice share gsfx
cut losses short, let profits run.
  • #8,511
  • Dec 12, 2009 2:26pm Dec 12, 2009 2:26pm
Quoting Rastaman
Black Cat

Break Even just means that you move your stop loss to the point you entered the trade + the spread, so that if price turns around on you , you do not lose any money.

If you sold UJ at 88.66 and price hit your TP1 at 88.25 then you move your stop loss to 88.66 + the spread.
If your broker's spread is 3 pips you would move the sl to 88.63.
Thanks Rastaman That's easy to understand

I often ask stupid questions but that because I want to make sure my understanding is correct

Cheers..
BC
  • #8,512
  • Dec 12, 2009 2:28pm Dec 12, 2009 2:28pm
Quoting Domas4
Since, I get PMs with questions about SonicR
or requests to review their charts I want to say this:

1. We all are here to learn. Do not go 'private' with Sonikers, post
your questions in the thread.
Here is how I answered two different Sonikers PM's yesterday:

"...do not be afraid to ask your questions in the thread itself. I will answer you there. And you are asking good questions - everyone can benefit from your questions."

I'm with Domas. There is no need to address a SonicR question directly and privately to another Soniker. I prefer all questions to be addressed here in the thread.
  • #8,513
  • Dec 12, 2009 2:29pm Dec 12, 2009 2:29pm
Quoting ddaytrader
Oh, is that all you want, a magical potion that will tell you in advance when you are guaranteed at least a 20 pip profit?...
Thanks for the reply... I understand that there's no holy grail but I just want to make sure that I haven't miss out on anything indicator or signals, etc

I ask stupid questions but that's because I want to be 100% what I understand is correct...

Cheers..
BC
  • #8,514
  • Dec 12, 2009 2:37pm Dec 12, 2009 2:37pm
Quoting blackcat2
[...]
I often ask stupid questions but that because I want to make sure my understanding is correct
[...]
BC
Quoting ddaytrader
[...]
...do not be afraid to ask your questions in the thread itself.
[...]
There are no stupid questions, just stupid answers. I agree with ddaytrader,
do not be afraid. Maybe 30 other spectators share the same question as you,
and by adressing it, 30 more people would get value from the answer.
cut losses short, let profits run.
  • #8,515
  • Edited 3:01pm Dec 12, 2009 2:46pm | Edited 3:01pm
Quoting blackcat2
Thanks for the reply... I understand that there's no holy grail but I just want to make sure that I haven't miss out on anything indicator or signals, etc [...]
BC
Well, actually there is a holy grail and it's... within you!
Holy grail is to understand that you have to let go off that
thinking "maybe there is some Stochastics hidden number that
would filter out loosing trades and give me 100% success rate."
I have been just like you - putting 10 different indicators on my charts.
Oh boy, you ask me about any indicator - i have tried all of them.
However, none of that **it is needed. Set your self free from "signals"
and dive into Price action, Waves, L, LL, LH, HL, H, HH and S&R, and
you will see what ddaytrader has been so confidently talking about.
By thinking like that the only thing that you are missing out is not the
indicators or signals, it's the success with SonicR.
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cut losses short, let profits run.
  • #8,516
  • Dec 12, 2009 9:06pm Dec 12, 2009 9:06pm
after months of on off periods its starting to sink in with the help of likes DD and newbies like me asking question

a big thank you guys

question

how do one vouch for another?
"The person who knows that enough is enough, will always have enough". .
  • #8,517
  • Edited 9:40pm Dec 12, 2009 9:18pm | Edited 9:40pm
Quoting blackcat2
Thanks Rastaman That's easy to understand

I often ask stupid questions but that because I want to make sure my understanding is correct

Cheers..
BC

No question is stupid.
We have all asked those same questions before, although some choose to forget that when they are on their High Horses.


Incidentally, the other day I found a thread in which sonic was asking, what is a "Higher High" it was not like 10 years ago either.
It was delightful to see this and indeed see how he trades today. Obviously Sonic ditched the excess baggage at an early stage.


PS: It is Sunday afternoon in Japan and I ONLY see myself & Cardinale in the thread, I don't care where on the planet you live or if it is 5 am or not, you are ALL SLACKERS! LoL




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Starting to see instead of just looking.
  • #8,518
  • Dec 12, 2009 11:09pm Dec 12, 2009 11:09pm
The endless Broker search.

Any advice folks.

I am comparing brokers here in Japan, next week I want to open an account, actually I wanted to open an account last week but plans didn't work out after calling brokers and listening to their spiel.

I know this is not a real comparison but I just want to know what people think.

The left pic is one broker 121 securities and the right pic is Forex.com.

Look at the spread and price when the market closed!

This is probably not as simple as choosing the lower spread but, double the spread on one broker has got to be a bad sign. Has it not?


PS: Didn't think you can run two instances of MT4 at the same time but obviously, you can.
At least in Windows seven, spent the last two days clean installing it on my computers for the Live Account.
Maybe I need to compare the two brokers while the market is open.
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Starting to see instead of just looking.
  • #8,519
  • Dec 13, 2009 7:56am Dec 13, 2009 7:56am
Quoting sonicdeejay
Nice Daily analysis u have...I am glad to have you on board..

The week ends at the critical level of 1.4814 , with the double confirmation of bearish weekly bias (look at the last 2 weekly candle)...

I will be trading/looking Sonic R with the bearish bias in mind...the next possible resistance will be 1.462x area...

http://www.forexfactory.com/attachme...6&d=1260072906
Sonic
Still Bearish...

Sonic
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  • #8,520
  • Dec 13, 2009 8:58am Dec 13, 2009 8:58am
Quoting Domas4

EUR/JPY. Taking H4 into the account: price went into the previous
consolidation area, which could be hold as resistance.
Price can reject that zone, or stay and consolidate.
No bias yet, will wait for the London to open and see where
the price wants to go.
Quoting Domas4
Entered 1 hour before London. The area was rejected, TPs reached.
Now looks like Price wants to retest the Resistance.
Learn from my mistake here:
Huge resistance up ahead, I looked for setup, saw the setup,
entered and took both TPs. What I should have done is - take TP1,
move Stop Loss to Break Even and let it ride. Missed ~450 pip move.
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cut losses short, let profits run.
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