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Sonic R. System

  • #10,081
  • Feb 18, 2010 5:27am Feb 18, 2010 5:27am
I am still waiting for that candle on H4 to close and it looks like now as if it is changing from a Bearish Outside Bar to a Bullish hammer.
It may come around but as I said, it is best to leave these trades alone, till they show which direction they really want to go.
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Starting to see instead of just looking.
  • #10,082
  • Feb 18, 2010 6:02am Feb 18, 2010 6:02am
TAH

From a sonic entry point of view, do we now reset the wave in our heads and start off again with this High & Low and take the break of either of them?

Forgot that bit.

Thanks in advance
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Starting to see instead of just looking.
  • #10,083
  • Feb 18, 2010 6:10am Feb 18, 2010 6:10am
UC short Sonic re-entry with EP below DPV
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  • #10,084
  • Feb 18, 2010 6:21am Feb 18, 2010 6:21am
I really want to know the truth on EY
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  • #10,085
  • Feb 18, 2010 6:34am Feb 18, 2010 6:34am
Quoting DanPa
I am wonder if this setup will work...i will give it a shot! (that is on demo account).
Hi DanPa,

It's Better Not To Treat Single Candle (Or Even Two) As a Wave. The Wave And Lower High That You Show On Your Chart, Is Not a Good Wave. That Wave That Makes Me Take The Trade, If I Wanted, Was The Bigger One, And You First TP Could've Been Previous Low. You Took Your First TP a Little Early.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #10,086
  • Feb 18, 2010 6:38am Feb 18, 2010 6:38am
Quoting Basber
Hi DanPa,

It's Better Not To Treat Single Candle (Or Even Two) As a Wave. The Wave And Lower High That You Show On Your Chart, Is Not a Good Wave. That Wave That Makes Me Take The Trade, If I Wanted, Was The Bigger One, And You First TP Could've Been Previous Low. You Took Your First TP a Little Early.

Regards,
Basber

ok..thank you...

slowly...i get the picture...hope!

(it is very nice for someone like me to have the posibility to ask whatever he think...., knowing that the answer is always pro! )
  • #10,087
  • Feb 18, 2010 6:40am Feb 18, 2010 6:40am
Quoting Rastaman
TAH

From a sonic entry point of view, do we now reset the wave in our heads and start off again with this High & Low and take the break of either of them?

Forgot that bit.

Thanks in advance
Hi RM,

The Picture You've Drew Took Me Months To Understand ... I Stuck a Note On My Screen Says This : "Think Either Ways" ... ! I Missed So Many Good Entries, Because I Was Seeking For a Short Entry, But After Price Did It's Move I Saw "Wow ! What a Good Long Entry There Was And I Didn't See It, Because I Was So Much Concentrated On Going Short" ...

P.S. : Gee! My Exam Finished ! I'm Not Satisfied With What I Did And Things Did Not Go As I Planned, But Damn, It's Over ...

P.S. 2 : RM, It's Really Better Not To Talk About Candle Analysis Here. IT May Get Newbies Confused. Let's Share SonicR Thoughts ... You Know I Trade Them Either, But Here Is Not It's Place To Share ...

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #10,088
  • Feb 18, 2010 6:42am Feb 18, 2010 6:42am
Quoting pipoca
UC short Sonic re-entry with EP below DPV
I May Say It's My Favorate Entry !! But I Don't Watch U/CAD No More. It's a Good Entry, Whatever Happens ... Price Broke 89 EMA, Tested It, Wave Formed, You Entered On The Break Of The Previous Low ... Good One I Believe

P.S. : Why Re-entry ? It's a Good "Entry"

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #10,089
  • Feb 18, 2010 6:58am Feb 18, 2010 6:58am
Quoting DanPa
I really want to know the truth on EY
First Read Post #9772

.
.
.

I Prefer The Lower Entry, Because Of Low Distance Between Them And Second Entry Will Secure The Round Number 123.00 And Besides There Was a Volume Came In In The Low.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #10,090
  • Feb 18, 2010 7:04am Feb 18, 2010 7:04am
Quoting Basber
Hi RM,

The Picture You've Drew Took Me Months To Understand ... I Stuck a Note On My Screen Says This : "Think Either Ways" ... ! I Missed So Many Good Entries, Because I Was Seeking For a Short Entry, But After Price Did It's Move I Saw "Wow ! What a Good Long Entry There Was And I Didn't See It, Because I Was So Much Concentrated On Going Short" ...

P.S. : Gee! My Exam Finished ! I'm Not Satisfied With What I Did And Things Did Not Go As I Planned, But Damn, It's Over ...

P.S. 2 : RM, It's Really Better Not To Talk About Candle Analysis...

Ok, I hear you Basber.

Actually, I am trying to get more into the wave and that is why I am working on this. I want to try to be able to see both possible trades simultaneously so that i do not get faked out or at least get faked out less.

This is how I am looking at this.

Oh, so it did not go as you thought? I am sure everyone thinks like this after that test. Let the market decide. LoL

Right, no more candle talk, my lips are sealed.
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Starting to see instead of just looking.
  • #10,091
  • Feb 18, 2010 7:13am Feb 18, 2010 7:13am
Quoting Basber
First Read Post #9772

.
.
.

I Prefer The Lower Entry, Because Of Low Distance Between Them And Second Entry Will Secure The Round Number 123.00 And Besides There Was a Volume Came In In The Low.

Regards,
Basber
Thanks Basber!
  • #10,092
  • Feb 18, 2010 7:24am Feb 18, 2010 7:24am
Quoting Basber

P.S. : Why Re-entry ? It's a Good "Entry"

Regards,
Basber
Do you agree ?
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  • #10,093
  • Feb 18, 2010 7:25am Feb 18, 2010 7:25am
Think I am spending too much time studying and watching candles recently.
Come, NYO, my eyes are burnt out and I am falling asleep.
over 10 hours a day watching charts is maybe a bit too much.

Think I need some sleep but I wanted to throw my V to the wind.

Still, it is not good to trade when tired.

Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

Later
Starting to see instead of just looking.
  • #10,094
  • Feb 18, 2010 7:44am Feb 18, 2010 7:44am
Quoting DanPa
I am in @90.78.
SL @ 91.04
TP1 @ 90.42
TP2 @ 90.12

ps: also i have floating EY .... +50 pips...

Took half position +17 pips on UY ...

EY...in demo account floating...+100 pips now...
  • #10,095
  • Feb 18, 2010 7:49am Feb 18, 2010 7:49am
Quoting pipoca
Do you agree ?
Picture ...

Regards,
Basber
Attached Image
Trading methods are designed to put the odds in our favor, not predicting.
  • #10,096
  • Feb 18, 2010 8:03am Feb 18, 2010 8:03am
Quoting Basber
Picture ...

Regards,
Basber
Hello,

the two highs in question on UC are only 10 pips far. Sometimes I consider that the two highs occured at the same level (double top).

But I prefer sonic entry with well defined LL, LH and LL etc... like the second entry, the true Sonic entry.
  • #10,097
  • Feb 18, 2010 8:03am Feb 18, 2010 8:03am
Quoting DanPa
Took half position +17 pips on UY ...

EY...in demo account floating...+100 pips now...
Manage Your Trades In Demo Exactly Like Real Account. Ask Yourself "Will I Let This Trade Run Until +100 On Real Account ? Or I Just Freak Out And Take To Profit Too Soon ?"

Be Honest With YourSelf.

Manage Your Trades Like You Want To Manage Them With Your Real Account.

I've Seen Many Traders Was Very Good With Their Demo Account, But They Burnt Their Demo Account Very Soon. It's Because It Your Demo Account You'll Let Your Winners Run More ... But In Real Account You Know What's Going To Happen To You.

I Suggest That You Open a Demo Account With Any Balance That You Want To Open Your Real Account. Use Money Management (Max 1% To 3% Risk) And Trade Management (Partial Profit, Moving SL, Trailing a Setup & etc.) To Build Your Account.

I Still Have Problem To Let My Trades Run More Than +100 Pips ... I Did It Easily On Demo, But It Different On Demo Account, Specially With Heavy Trading Volume ...

Just My 2 Cents

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #10,098
  • Feb 18, 2010 8:06am Feb 18, 2010 8:06am
Quoting pipoca
Hello,

the two highs in question on UC are only 10 pips far. Sometimes I consider that the two highs occured at the same level (double top).

But I prefer sonic entry with well defined LL, LH and LL etc... like the second entry, the true Sonic entry.
You Are Absoloutly Right

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #10,099
  • Feb 18, 2010 8:43am Feb 18, 2010 8:43am
Close Short UJ at BE, Congrats DanPa u could take some pips on this trade
  • #10,100
  • Feb 18, 2010 8:45am Feb 18, 2010 8:45am
Quoting Basber
Manage Your Trades In Demo Exactly Like Real Account. Ask Yourself "Will I Let This Trade Run Until +100 On Real Account ? Or I Just Freak Out And Take To Profit Too Soon ?"

Be Honest With YourSelf.

Manage Your Trades Like You Want To Manage Them With Your Real Account.

I've Seen Many Traders Was Very Good With Their Demo Account, But They Burnt Their Demo Account Very Soon. It's Because It Your Demo Account You'll Let Your Winners Run More ... But In Real Account You Know What's Going To Happen To You.

I Suggest That You Open a Demo...

For sure i freak out on live account and get out for +100...no doubt!

You are right man...should act like in real account but....i cant! learning!!!
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