Sonic R. System

Yeah, me too a bit later than TAH though. Mainly because of the Bullish engulfing Outside bar on H1 & the sonic wave, of course.

She say...90.51 ..would be a good exit, but in the same time she doesn't like to stay in one trade for more then 20 pips;

you know...''20 pips a day keep the debt away!''

I don't know, DP. But I am out when price reaches TL.

There is something to beware of in that philosophy, and I am sure TAH & Basber will mention it but, It also cuts your winners short and makes you lose more in the long run. We have to cut the losers short and let the runners run.

second bite on cable?

EDIT!!!! took +35 !

Move SL to 90.10, I am not going to take a big hit if this turns around.

I read sometime back about a system professional traders supposedly used that better helped them time their average 12 pip trades. Yep, 12 pips. The material was very clear in professing that many professional traders look to make about 12 pips on key moves, multiple times a day.

If DP's wife trades for no more than 20 pips, her method may not be all that crazy......get in, make the money, and get out. Wait for the next ride.

There is that aspect to think about, maybe if you were trading 2 full lots it makes sense. But if you are not, your money is probably going to be in the market more often and thus more exposed to over trading. Plus, the RR ratio has got to be low.

This is just my humble thought on that subject.


I am thinking UJ may retrace to the 38.2 and then take off.
If it breaks the 50 fibo, it will have violated the Bullish Engulfing Outside bar on H1 and thus, I will get wiped out for a small loss.
Actually 0.1% of my account. It will be almost a pleasure to lose as see this win. This is what I am working on, to take the losers as gracefully as the winners.

EDIT: UJ appears to have found support at the confluence of the 23.6 nad 61.8 fibo right at the PPZ area.

She always say....like robbing a bank: get in - get out!

Moved SL to 90.12 just in case.
I think the ppz resistance area will hold as support.
There seems less volume in dropping it than pumping it, right now.

EDIT: Moved SL to 90.22 5 pips below the ppz and 61.8 fibo. I am going to manage this one well.

We seem to have bullish MACD div on M15, also on H1 the last candle will close in under 3 mins, if it closes as a positive candle, this will give us 3 white soldiers, which is another bullish signal.

Closed my UJ and still holding EJ ..

Closed UJ for BE+
Too late in the London session and I got in too late.
This will serve to remind me to not hesitate when I see an entry as indeed TAH did not hesitate to enter.
He saw the trade and took it, probably even without looking for further confirmation on higher TF.

EP 1.3617
SL 1.3571
Tp 1.3670

Closed that one for +13 pips ...

Update on EJ : closed half position at 123.095 and moved SL to BE ..

your wife stole my 'user title' ... LOL

i told her to pay you the copyright ! LOL

Hi RM,

You entered late on this trade. The advantage of sonicR is to pick trades earlier than higher TFs. If you see a good wave, just get in the trade. don't wait for confirmation on higher TF, except it's a very important and strong signal on higher TFs ...

Regards,
Basber

Yes, Basber, I agree 100%!

Just finished writing up my journal when I find your post.

What a good thing you turned me onto with this journal!

Many thanks for your kind assistance.

PS: I am just monitoring what happens after wards and will record it in my journal.


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I entered this too late after the wave because I was waiting for the Hourly candle to close. I must pay more attention to the M15 waves and check the longer TF PA earlier in the day.
Exit reasons: PA was stalling over 3 hours after LO and a Bearish PA was forming on M15.
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Hi guys,

I totally disagree with this kind of atitude. Traders don't lose because they have losing trades or they SLs had been hit, they lose because they try to catch much less than what market desires to give them.

Most people freak out when they're in profit and close it too early and they stick to their losses in hope of reversing ... even if you have a solid SL, if you cut your TPs so soon, your acount suffers in long run ... Let me describe what I say in numbers ... :

you want to take 15 - 20 or even 25 pips per trade when you are in profit. how many pips you desire to give away when you are in loss ? If your answer is 15 - 20 pips, with a good winrate, you can be profitable. but in sonicR, usually we have a SL for around 30-40 pips. (I'll stick with the best prospective ... 30 pips per each SL. We all know it's higher in average). If you wanted to take 20 pips per trade, so you must win 3 times to cover 2 SLs. that means If you have 60% rate of success with this system, you're only in breakeven ... I can't accept it ! I try to take what market wishes to give me, and besides taking care of my capital.

For example I'm in GU short (my long term strategy) and I'm now +640 pips in profit (Rastaman was aware of my trade management ... remember you told me even if I'll close my trade this week ?) and I could be out for 20 pips !!! imagine this win (now my SL is at +300 pips) could cover how many of my losses ? It's not about being right or wrong ! it's about managing your trade to take most that you can from a trade.

I believe it's possible for pro s to take 12 pips per trade (even if you're not including SLs for you average calculation) , but we should know the system too. It's not adjustable in any method. If you have a winrate of 80% - 90%, it could be a good number ... but not in sonicR !

like robbing a bank ... but you are not always winner, what if you stuck in a losing strike ? what about when banks rob you ? we can't talk just about our winners.

Being profitable is a combination of R:R and winning rate. I experienced that I should have at least 1:1 R:R to have acceptable profit from sonicR.

TAH, I loved your yesterday trade on E/J. you know why ? because you tried to catch more ... It's a very professional attitude. you managed it beautifully.

Fixing your TPs to a limited pips, is like fixing your SLs at a limited range ! imagine that you want to risk only 30 pips, no matter what !! you'll know what will happen to you, because sometimes you should a trade room to breath. sometimes you need a 40, 50 or 60 pips stoploss. you'll get washed away from the market ...

I adhere to this believe that, we should try to run our trades more in profit. It doesn't mean that I'll not take a 20 Pips profit ... but it depends on situation. It's common for me to take a 25 pip profit and tighten my SL. but not exit all my position ...

This think changed my attitude for keeping longer runs on my winning trades : "If I try to close my position soon, for example 20 pips, and price gone 60 pips in my desired bias, and It was predictable, I wasn't winning 20 pips, I was losing 40 pips ... so I'm a loser, not a winner"

After all, It's just my experience. Do what fits you best ...

P.S. : I was badly illed today, I missed some very good trades (oh man ! I love this chicken icon !!)

Regards,
Basber