Sonic R. System

Hi T，
I agree with part of what you said.

But the manufacturers with villainy are existing in any places not the special local product in China. I cann't disavow they are become more in China in recent years, however, there is one thing that you should notice. When one wicked thing was draged to the front of the public, it will not happen again and related rules or laws are enacted. China, a developing country, is walking on a hard road. Almost all the developed country had passed this way, just for a long or short.

And what you mean the craft?
It still in there, never lost

hi sonikers.. wish everyone had good profits today..i didn't and couldn't trade 2 days as my mind was telling go short with the EJ EU and GU pairs. The market was going against my thinking...so i didn't trade..But then i was looking for some of the wave analysis it looked very simple at the end, that the market was indicating to go go long yet i couldn't see that i will start afresh from monday when the market resumes again BTW i found a MT4 broker after going through FPA. so much of reviews and complaints about brokers .But managed to find so ...i am testing the demo.

dear traderathome,
my english is poor,
sorry
i read all this post.
congratulations......

can you post your actual template (i like colours)
i see that in the last month you consider only PA and NVO
can you remember us your choises for entering in the market?
thanks

maurizio

Enough nationalism folks. There is only one enemy, it is not China, it is not America, it is the MARKET!


Just got back on the site after it being down since last night.

Anyway, I just reinstalled MT4, I loaded my template and was happily analyzing what went down on the majors last night.
Somehow, it was easy to see the higher highs & higher lows, and I was clearly seeing entries and also bad possible entries. I know this is after the fact but still my mind was making trades.

Then I realized, there was no Sonic Dragon or pivots on the chart!!!

For some reason, my attention has always been fixed on the dragon and pivots & less on HL HH HL or LH LH LL. I put the dragon back on and my perception still appears to be as it was without it! Weird.

I can get like that.
I think looking at H1 can help in those times and looking where price is in relation to the 89 EMA, either above or below it.
Which broker did you decide on?

Hey Sonic just got your system looks great, I always like to diversify my trading so we will see how using this system goes.

Thanks

What you said is so great. Let us find the soft spot of the MAEKET.

What is the red line in the picture, EP or SL or others?

It is just the retracement from lower low to lower high, I sometimes use it to project the TP.

How are you finding this system Miss. H? How long have you been trading. And where in China are you from? My wife is from Harubin, I was there last year and found the Chinese people to be very friendly and interesting.

Hi Sonikers,
My trade would be short or long on the levels i have put up on my chart...

(For Short/Long)
EP Short 3730-3720 Area Breaching previous Low(My SL for Long)
EP Long 3770-3780 Area Breaking the previous High (My SL for Short)

EU on Monday:

IF this moves higher, the whole number 1.3900 is good target. Will it move up vs down? I don't know, but recently the lower shadows on the daily candles outweigh the upper shadows. In a way, it looks like traders kept stabbing the price down for more attractive long entries. That is speculation, of course, and it could go down again. If it does, then 1.3650 - 1.3600 area is a good target area.

Just reading "Trading for a Living" and as Basber suggests, it is a psychological trading manual, that many successful traders hold in great esteem.

I can certainly identify with some of the pit falls described and probably so can everyone, if they are truly honest with themselves.

Once again we see that Money Management is the key before that Eurphoric win or Staggering Loss, I actually believe the Eurphoric Win can possibly be much more detrimental than a GOOD MANAGED LOSS. Can you believe that, I can, I know there is such a thing as a good managed loss because I have taken one. I have also had the small Euphoric win, yet I did not particularly become Euphoric, in fact I am only concerned with the reasons it won and indeed the reason the managed loss occurred.

Anyway, it is mind blowing to read this book written buy a successful trader, formerly a psychiatrist, this guy also fell into the same hole, till he figured it out.

Found a link to this book in pdf format.
http://rapidshare.com/files/29275538...er_-_Wiley.pdf



Into the Hole
A loser never knows why he loses. If he knew, he would have done something
about it and become a winner. He keeps trading in a fog. A loser tries
to manage his trading the way an alcoholic tries to manage his drinking.
Losers try to trade their way out of a hole. They switch trading systems,
buy new software, or take tips from a new guru. They act out a rescue fantasy
- a charming belief in Santa Claus. Their desperate belief in magic solutions
helps many advisors sell their services to the public.
When losses mount and equity shrinks, a loser acts like an alcoholic
threatened with an eviction or a firing. A loser grows desperate and converts
outright positions into spreads, doubles up on losing positions, reverses and
trades in the opposite direction, and so on. Losers get as much good from
these maneuvers as an alcoholic who switches from hard liquor to wine.
A losing trader careens out of control, trying to manage the unmanageable.
Alcoholics die prematurely, and most traders bust out of the markets
and never come back. New trading methods, hot tips, and improved software
cannot help you until you learn to handle yourself. You have to change how
you think in order to stop losing and begin your recovery as a trader.
Losers get drunk on losses; they're addicted to losses. Traders prefer profits,
but even losses provide plenty of excitement. The pleasure of trading is
very high. Few losers are actively trying to lose - but then few alcoholics are
consciously trying to end up in the gutter.
A loser keeps getting high from trading while his equity shrinks. Trying to
tell him that he is a loser is like trying to take a bottle away from a drunk. A
loser has to hit rock bottom before he can begin to recover.

INDIVIDUAL PSYCHOLOGY
A trader can recover using the principles of Alcoholics Anonymous.
Recovering alcoholics struggle to stay sober, one day at a time. Now you
have to struggle to trade without losses, one day at a time.
You may say this is impossible. What if you buy, and the market immediately
ticks down? What if you sell short at the bottom tick, and the market
rallies? Even the best traders lose money on some trades.
The answer is to draw a line between a businessman's risk and a loss. A
trader must take a businessman's risk, but he may never take a loss greater
than his predetermined risk.
A storekeeper takes a risk every time he stocks new merchandise. If it
does not sell, he will lose money. An intelligent businessman takes only risks
that will not put him out of business even if he makes several mistakes in a
row. Stocking two crates of merchandise may be a sensible business risk, but
stocking a full trailer is probably a gamble.
As a trader, you are in the business of trading. You need to define your
businessman's risk- the maximum amount of money you will risk on any
single trade. There is no standard dollar amount, just as there is no standard
business. An acceptable businessman's risk depends, first of all, on the size
of your trading account. It also depends on your trading method and pain tolerance.
The concept of a businessman's risk will change the way you manage
your money (see Chapter 10, "Risk Management"). A sensible trader never
risks more than 2 percent of account equity on any trade. For example, if you
have $30,000 in your account, you may not risk more than $600 per trade,
and if you have $10,000, you may not risk more than $200. If your account
is small, limit yourself to trading less expensive markets, or mini-contracts.
If you see an attractive trade but your stop would have to be placed where
more than 2 percent of equity would be at risk-pass that trade. Avoid risking
more than 2 percent on a trade the way a recovering alcoholic avoids
bars. If you are not sure how much to risk, err on the side of caution.
If you blame excess commissions on a broker and slippage on a floor
trader, you give up control of your trading life. Try to reduce both, but take
responsibility for them. If you lose even a dollar more than your businessman's
risk, including commissions and slippage, you are a loser.
Do you keep good trading records? Poor record-keeping is a sure sign of a
gambler and a loser. Good businessmen keep good records. Your trading
records must show the date and price of every entry and exit, slippage, commissions,
stops, all adjustments of stops, reasons for entering, objectives for
10. LOSERS ANONYMOUS 37
exiting, maximum paper profit, maximum paper loss after a stop was hit, and
any other necessary data.
If you bail out of a trade within your businessman's risk, it is normal business.
There is no bargaining, no waiting for another tick, no hoping for a
change. Losing a dollar more than your established businessman's risk is like
getting drunk, getting into a brawl, getting sick to your stomach on your way
home, and waking up in the gutter with a headache. You would never want
that to happen.

Rastaman, good post. And thank you for the link.

LOL: Thanks T
The thing is All you guys tried to tell me this, including DD and look how rude I was to him!!!
I now understand that DD was saying what he did out of compassion, yet to the LOSER, me. it was like trying to take the bottle away from the alcoholic!

I would never have dreamed 3 or 4 months ago, I would be make a serious effort to control myself like this, I think Basber knew exactly what was going on with me because he had probably been there thus he knew how to handle me in a manner I would not resist as I did with DD.

This is the measure of the man whom I speak, Basber.





I am just reading my live trading Journal and going over the good the bad & the UGLY! LoL

Basber has suggested I write my journal with all details of good trades and bad trades and the after effects and write why this occurred.

Basber also told me it is one the reasons he managed to make it trading, and now I can understand this. I know that we can go overboard about psychology and some people do. I saw this on J16 to some extent. However, it is very soul cleansing to look at the trades I made and work out WHY I made them, both ones with reasonably good results and the pure Bad ones.

I think Sonic, Basber, TAH & DD probably do not need to make the journal now but, it is a very good idea for new people. We are basically frigging cave men and sometimes act like cavemen in the market place.
The market place does not care about our emotions, that is why we HAVE to, it is like an ocean that can feed us with fish, bathe us, allows us to travel to far away exotic places on boats on its surface or SMASH us into little pieces on the rocks or drown us, it doesn't care if we try to fade it or flow with it. Actually, the market does nothing to us, that would be a cop-out. we do it to ourselves.

.


PS: I think everyone will find that book of value to their trading.
Hey, if Basber swears by it, that alone is good enough for me.


Like this, and the thing is Sonic, Basber, TAH & DD have constantly been telling me about this.
It just does not sink in unless we write it and read what we have written.

This is my mantra every day when I sit in front of my charts, from tomorrow.

I am Rastaman, I am a Loser!

I genuinely, wholeheartedly and strongly recommend you make your mantra a positive one, Rastaman. Maybe consider something in the order of "I am Rastaman. I am a disciplined trader. I enter and exit trades like a robot using the SonicR method."

Say, look what I have managed with the upcoming PivotsD_v6! User will have options to display vertical lines at the market opens for Tokyo, Frankfurt, London and New York, and an extra one currently labeled for Sydney. They are individually selected, so any combination can be displayed. Personally, my discipline will be to NOT trade until after LO, so maybe I will show only LO and NY. And until PA reaches LO, I sit on my hands!

I have also included range high and range low lines. These are lines based on the 14 day average range calculation. The period is user adjustable in the Data Panel. The RgH line is always the computed average range distance above the session Low and the RgL line is always the computed average range distance below the session high. During the session, as the price makes new lows the RgH line will comme down. As the price makes new highs the RgL line will come up. These lines essentially "box" the PA. You always know the highest and the lowest that PA is likely to go, based on the average range. This will help in deciding on TPs.

Range high and range low lines are also added to PivotsW_v6 and PivotsM_v6. I separated these into two indicators for ease of coding and for simplicity in the External Inputs window.

All three new indicators are completely recoded in the venue of the TzPivots coding (but without the time shift and DST code), and even more condensed for improved execution.

Looks good T.

You are always looking for a better way to fleece the Big Dogs.

Keep it up!

EDIT: Just read your post about the Mantra.

Yes, after a bit more thought, you could be right.
Perhaps that bit about being a loser, is a little too much like self hypnosis.

Thanks T.

hi everyone.. i'm a newbie in forex and interested with the sonic trading system.. but i can't understand how to read the each of indicators in sonic system.. is there anyone can help?? thanks in advance..

Rastaman, maybe you will find this video very interesting....i know you will!
i know everybody will!
http://www.thesecret2u.com/

ENJOY!
DanPa

Hi RI found this system is introduced by a friend and attracted by it immediately. I come from Beijing.I have a very good classmate come from Harubin. In my impression, Harubin people are boy--strong, girl-slim, tall. In the FX market, I am a newbie just two month. From the posts of you, T, B and other's, I learn much. But there is still something confused me, such as the frequence of opening position for one day when the Main TF is 15min, or how to decide to open a position when the trend is conflict between TF 1h and TF 15min, etc.I am so admiring you , T , B and other Sonicers who had masterd this thread.By the way, the 'miss' in my ID means 'have in mind' not a 'lady'. LoL

Way to go Rasta....

Good luck ..wanna see hitting 3000th post