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Sonic R. System

  • #10,581
  • Mar 7, 2010 11:13pm Mar 7, 2010 11:13pm
Quoting traderathome
What about TIKTKIK? Happens to me with each new indicator....thinking I know, then (later, after using indicator) knowing I knew!.....(that no indicator is going to improve trading!).

Haaaaa

Then that is fine.........!

You know what I mean though T?
Did you experience this when you first started trading?

Maybe, you could share with us a little about your experiences when you first started trading. Could help people, especially me!
Starting to see instead of just looking.
  • #10,582
  • Mar 7, 2010 11:21pm Mar 7, 2010 11:21pm
Quoting Rastaman
Haaaaa

Then that is fine.........!

You know what I mean though T?
Did you experience this when you first started trading?

Maybe, you could share with us a little about your experiences when you first started trading. Could help people, especially me!
I think what will best help anyone here is to understand and believe in the SonicR basics.....and to adhere to them. Trade the prime market hours. Look for SonicR setups going into those hours. If you see one starting to break out, and it is contrary to your "bias", toss your bias and go for it! If your bias won't let you trust it, but it keeps moving, go for 10, 20 maybe 30 pips and close it. Then, go have a serious talk with your bias!
  • #10,583
  • Mar 7, 2010 11:34pm Mar 7, 2010 11:34pm
Quoting traderathome
I think what will best help anyone here is to understand and believe in the SonicR basics.....and to adhere to them. Trade the prime market hours. Look for SonicR setups going into those hours. If you see one starting to break out, and it is contrary to your "bias", toss your bias and go for it! If your bias won't let you trust it, but it keeps moving, go for 10, 20 maybe 30 pips and close it. Then, go have a serious talk with your bias!

TAH
That sounds extremely defensive for some reason.

Yes, of course that is what will help the most in the technical analysis.
I am talking about the psychological side of trading.
Starting to see instead of just looking.
  • #10,584
  • Mar 7, 2010 11:46pm Mar 7, 2010 11:46pm
Quoting Rastaman
TAH
That sounds extremely defensive for some reason.

Yes, of course that is what will help the most in the technical analysis.
I am talking about the psychological side of trading.
There is not a person alive that has not experienced what you are talking about.....thinking they know something, that they are competent about something, and later, a quick later or a long time later, discovering they weren't and they didn't know half what they needed to know.

It is just that talking about that process is a waste of time. What matters is RIGHT NOW....what are the tools, and how are they to be used. Anything else is a waste of time. Once we are Masters, and well rewarded, we can go get drunk some night and talk then about what idiots we USED to be. But not right now. There is first the job to be done, done well....to be mastered. When the focus is thus, the psychology will take care of itself.
  • #10,585
  • Mar 8, 2010 12:16am Mar 8, 2010 12:16am
Quoting traderathome
There is not a person alive that has not experienced what you are talking about.....thinking they know something, that they are competent about something, and later, a quick later or a long time later, discovering they weren't and they didn't know half what they needed to know.

It is just that talking about that process is a waste of time. What matters is RIGHT NOW....what are the tools, and how are they to be used. Anything else is a waste of time. Once we are Masters, and well rewarded, we can go get drunk some night and talk then about what...

Maybe I am reading too much psychological stuff!
Starting to see instead of just looking.
  • #10,586
  • Mar 8, 2010 12:16am Mar 8, 2010 12:16am
UJ:

This is not the one I am stalking, but maybe I should. Of EJ, EU, GU and UJ, this one shows the best ranging about the Dragon. PA is very close about it. With the others PA has not yet come back to the Dragon after Fridays run up, or in the case of GU, has just arrived at it but is not really settled in.
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  • #10,587
  • Mar 8, 2010 12:57am Mar 8, 2010 12:57am
Rastaman, Friday you pegged GU for a long run, and it later that session make some good upward move. What say ye now?
  • #10,588
  • Mar 8, 2010 1:44am Mar 8, 2010 1:44am
EU looks like it might have long entry possibility forming but it is already at R2. Should that prevent entry?
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  • #10,589
  • Mar 8, 2010 2:12am Mar 8, 2010 2:12am
Quoting traderathome
Rastaman, Friday you pegged GU for a long run, and it later that session make some good upward move. What say ye now?

I think it is not happening until around the 1.5200 area and we have some serious resistance at 1.5245

I am keeping my eye on it but trying to not let it take over my trading, if it comes into my zone I will take it. If it chooses not to come in and shows some PA that it is going in the other direction, I will take it.
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Starting to see instead of just looking.
  • #10,590
  • Mar 8, 2010 2:20am Mar 8, 2010 2:20am
Well, I guess my question was answered as price bounced down off R2; FO vs LO PA:
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  • #10,591
  • Mar 8, 2010 2:26am Mar 8, 2010 2:26am
USD/CHF is looking kind of interesting on the Weekly.
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Starting to see instead of just looking.
  • #10,592
  • Mar 8, 2010 2:46am Mar 8, 2010 2:46am
EP 90.33
SL 90.52
TP1 90.04
TP2 89.47

Happy pips everyone in this new week!
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  • #10,593
  • Edited 3:34am Mar 8, 2010 2:54am | Edited 3:34am
GU Long.

M15 is showing Bearish div but H4 is showing Bullish Div.


EDIT: I have changed the strategy on my trade on GU because of something I saw on H1.
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Starting to see instead of just looking.
  • #10,594
  • Mar 8, 2010 3:39am Mar 8, 2010 3:39am
Can anyone tell me how to use NVO ? how to read it? thank you!
  • #10,595
  • Mar 8, 2010 4:49am Mar 8, 2010 4:49am
Quoting cardinale
Well, I guess my question was answered as price bounced down off R2; FO vs LO PA:
The thing is you made your entry AFTER price made it's move ... It's a risky move to make. I'll not enter these trades, because I'd experieced they will fail most of the time because of the correction of the last move.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #10,596
  • Mar 8, 2010 5:06am Mar 8, 2010 5:06am
Yeah, T
I canceled the trade.

GU is obviously not happening today and we have news in 3 hours.
If the London mob can't do it in 3 hours I doubt it will break.

That weekly PB nose is strong resistance, I want to see it break and price to retrace back to it before I jump in.
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Starting to see instead of just looking.
  • #10,597
  • Mar 8, 2010 5:17am Mar 8, 2010 5:17am
Quoting Rastaman
I have a question.

From the very start of learning trading, I have constantly gone through what I term TIKTKID, Thinking I Know, Then Knowing I Don't!

At first these cycles were swift, in the sense that the thinking I know period, would be very short and maybe last one or two days, later on one or two weeks, this TIK bit would then be totally obliterated by a fresh piece of knowledge or the market reaction in the other direction to what I had expected.

If the the Knowing I Don't know, bit lasted more than a couple of weeks, I would then run...
Hi,

First see the picture then read the rest of my post (Horizontal axis is "time" and vertical axis is "experience")

.
.
.
.
.

It's what I'd experienced and I've seen in learning curve of many of my friends ...

Compare lows and high ... you have a positive overall decline. Lows are when traders quit trading ...

Highs are where you think you know somethings that WILL WORK, then you'll start losing with what you'd thought you know and you reach a new low. on that low, you're depressed, angry, confused, hopeless and so on. you either quit or start to read again.

From a point that no ones know where it is and after how many highs and lows you reach it, you start to work on your self, but even there, you have highs and lows on your learning curve. but as I said, overall steep is positive ...

Look at your own experiences, remember those real lows you had. All of them are higher than previous low. you're in your progress ... But so few realize that and quit, many of them didn't realized they have to walk on a long hard-ass road to be profitable. after they realize, most of them will quit. Because they wanted an easy way ... You can even see it on this thread ... how many remain from thousands of visitors ?!

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #10,598
  • Mar 8, 2010 5:46am Mar 8, 2010 5:46am
Basber, I was just writing this to ask about this GU setup, if it does breakout today. If it does not, I am perfectly prepared to wait till it enters the zone I deem to have a possibility of a breakout.

EDIT:
GU has moved so far since I was writing this, this is no longer a valid question but at the point in the chart, I think it is valid.


I am reading your post about the learning curve and I can understand it. It is a great Post Basber!!!!


I thought this was a good question to ask but TAH seemed to rebuff me for asking it, don't know why. I heard warnings from Mike about these cycles and I think it is better to address them rather than wait for the outcome as TAH seems to think. Because, if they are not addressed, I feel this could cause a person to blow their account and or just stop to learn.
I am not going to stop to learn as I actually think this is the most interesting thing I have ever studied.

I just got a PM from someone saying, I have read the thread but can't understand the system, can you tell me how it works?

I told them, "Yes, you read the entire thread then post your questions in the thread. It is that easy"!

This person has not made even one post in this thread.
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Starting to see instead of just looking.
  • #10,599
  • Mar 8, 2010 5:57am Mar 8, 2010 5:57am
I set a sell stop as below picture. Is this is a right Sonic Entery

The green line is entery point
The red is SL
The blue is TP
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  • #10,600
  • Mar 8, 2010 6:27am Mar 8, 2010 6:27am
Quoting missH
I set a sell stop as below picture. Is this is a right Sonic Entery

The green line is entery point
The red is SL
The blue is TP
I believe it's not a good setup ... why ?! because :

1) Price (see 89 EMA) is in a up trend, so If you want to go short, wait for a very good entry in these situations (see my U/J trade last thursday)

2) Even if you consider it a reversal, it's too late to enter, you should've entered 1.365x not after the second low.

3) there was a good volume on top, but I believe it was postion closure by big boys, due to high volume on lows at last night and friday during NPF. so I'll wait for more convincing entries later on ...

Don't rush to trade waiting IS trading too.

when you don't see a good setup when you open your chart, some times if you stare at charts like hawk, your mind some how will made you enter a trade with some judgement that you have on price ... If you don't see a good setup, SKIP IT ! go backtest, read thread, articles, go out do something, but don't trade !

In my last 7 trades with sonicR, this was the result :
1 SL hit (17 pips, I've posted it here 3 weeks ago), 1 BE, 5 winners ... total about 15% up my account. But you know what ?! It happens in 3 weeks !! Not in one week. try to pick the bests, specially when you're new to a method. It have a very good confluence on your confidence, trust on the method and specially your account

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
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