Sonic R. System

NFP style indeed..

Sonic

That is great, Muhammad. I cannot tell ou how happy I am for you and how proud I am of you. From where you were in May-June to where you are today is a testament both to you and your hard work ethic and also to the viability and truthfulness of SonicR as a trading system. The fact that you do SonicR pure without any bells and whistles and ornaments should be both an encouragement to the new Sonikers that this can be learned and also as a warning to Keep It Simple, Sonikers.

Muhammad, if you wouldn't mind sharing for the new Sonikers: How many SonicR trades total (winners and losers) did you make this week? You made 250 pips this week on SonicR. How many trades total did you make. I only ask because I know you do not trade many times, and I think it will help new Sonikers to know that they do not need to trade four or five times/day.

Thank you for being such a good Sonic Sharer!

Oh ya.. Forget to read the prev threads..till I saw TAH's...

Muhammad...I am proud of you as a fellow Sonikers and make my effort worthwhile to know some one is making serious $$, from my system..


http://farm3.static.flickr.com/2205/...e017c5620c.jpg


Sonic

great analiys sonic

Muhammad has certainly earned some vouches, I would think.

You got mine, Muhammad!

-DD

Ok DD nice to hear ,,,,i will share my trades and win trades pics soon ..

Muhmmad

DD

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Sonic

P.S Remember vouching Domas..

Good Work Muhammad, Now can i have some vouches to I cant run myfxbook on my spread betting account but i run a demo account the same way.

Monday 4th to Friday 8th

Trades Made

3 monday
3 tuesday
4 wednesday
1 thursday
2 friday

378.9 Pips

profit = £2833.43

http://www.myfxbook.com/members/june...0-account/9362

We've been watching you ... they'll be coming. But you have to keep sharing for a while first.

lol cheers DD it was worth a try I will keep on it.

365+ pips this week pure sonic R trades . i posted all my trades already new soonikers can check previous pages ,,

Muhammad

6 trades and all winners!?

For an average profit of just over 60+ pips/trade!

Muhammad, you are Super Soniker!

one thing more i wanna share here when i order sonicR once then i cannot delet it until it hit TP or SL i neverever move my Position .....for this situation i make my tite rule and i spent long time to stick to it its very hard to new comers .......

DD u r really funny sometime

So once you have a SonicR trigger, you leave your stop loss the same, and you stay with the trade until you either take your profit or take your loss?

You really are a pro, Muhammad. I will say that my weakness is that I move my stop loss too soon to breakeven too many times. That is why I finish the week with 215 pips, and you finish with 335 pips!

you right DD i was facing the same problm but when i make my rule and stick to it ,,,its look quit easy but u have to analiys pure sonicR trade then let it run TP or SL u have to try it next week ,

Muhmmad

Muhammd

Muhammad, whats your trade positions on gbp/usd for this weekend?
Thanks.
i have sold at 1.5974 tp @1.5840

Muhammad,

I will certainly give it a go next week.

Some great trades this week, well done you but can I ask... is this a typical week or do you have weeks where your SL takes a large portion of your profits i.e. losses each with 50-60 pips stop loss would make it a different story.

That said, you probably don't get stopped out so often by placing it behind the SL/SH.

Thanks for sharing and you deserve the vouches.

Pablo
p.s. where can you spend these vouches :-)

This post is in response to Pablo's GU trade questions, but it relates to the general discussion of where to put SL.....

Pablo, after you posted your chart (below) you asked if FE and Tps should be "adjusted". I posted a chart with the FE adjusted (below). Now that the NFP furor is overwith you can see how it all turned out (last below). The FE 262 was the only true Tp1 on this trade, which finally went all the way to Tp2 at FE 424.

Had SL been set to move along the outer Dragon line after Tp1 was reached, it would have been hit before the move to Tp2 started. The same goes for bringing the SL down to BE after Tp1 was reached....we would have been stopped out before the run to Tp2.

In the case of this trade, the SL at the beginning of the wave leg that takes price thru Ep (SL per your convention) worked. But, as you can check by viewing Muhammad's compilation of trades, even here his 6th trade would have been stopped out before Tp1 was reached.

So the question remains as to where to place the SL.

In all of Muhammad's trades, the SL was somewhere between H1,L1 and H2,L2 (depending on direction of wave/trade) and he was fortunate to not have placed it at L2 on the 6th trade.

Perhaps the answer lies in finding a suitable place for the SL between H1/L1 and H2/L2 based upon PA (price activitiy) in that area and beforehand.......a judgement call.

I do not have the answer to this question. I do think there is a lot of merit in the way ddaytrader handles this, by moving the SL to BE (soon as he feels he should....don't know if he has a hard and fast rule). But we have to remember he predominately trades the standard SonicR hours (just before LO to a bit after US starts) where there is highest volume to help stabalize PA, and he does not trade near releases where there is highest volatility in PA. And he is successful with it. All six of Muhammad's trades would have been unencumbered by a rule to move SL to BE after Tp1. Three of the trades came back past Ep, but it was before Tp1 was reached.

Price volatility has a lot to do with setting a SL. The lower the volatility, the less a SL is needed. Unfortunately, the higher the volatility, the farther out the SL needs to be if you want to stay in the trade. And that is when some decide not to even bother with SLs at all.

Setting the SL is a decision requiring qualitative analysis of PA, subjective analysis of near term future events, and a prayer for no surprises! For now, and in the light of Muhammad's comilation of trades, I am going to focus on setting the SL between H1/L1 and H2/L2 until Tp1 is reached, and then moving it to BE+ a few pips profit. Due to changing PA volatility, one thing is sure. If there ever is to be a hard and fast rule on where to place the SL, it will have to take PA volatility into account, and therefore be somewhat flexible.

I look forward to more discussion on the SL.

NFP and EU:

How did it all turn out?

The first chart shows the setup for the trade. The second shows the results. As you can see, the only weak link in the setup was the SL setting. This brings us back to the discussion on where to set the SL, but remember that there was plenty of discussion on this thread beforehand about the likelyhood PA would extend down. Sonicdeejay suggested it would extend below the 1.4270s, as it did.

So, the setup chart put the SL at a place that would normally be ok. But this was NFP time, high PA volatility time, and PA dropped below the SL. But this occurred only after Tp1 and Tp2 were reached.

This was one of my non-SonicR trades I was posting on over at the THV thread. And per the prior discussion that price in all likelyhood would drop low, my trade was light and was without the SL in reality. I was prepared for price to drop to the 1.4230s. I rode it out and closed it out with good profit. But it all left a bad taste in my mouth. Trading the asian session, which usually sucks, was certanily not improved by the impending NFP release. The SonicR setup for a northbound trade setup was validated by the market's response to the NFP release. I could have gotten a good nights sleep and awoke prior to the release and traded the setup.

The same goes for my EJ short trade posted here. It went fine, but I could have awoken after a good nights sleep and accomplished the same.

In other words, I should just stick to SonicR trading.