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Sonic R. System

  • #20,621
  • May 17, 2011 9:24am May 17, 2011 9:24am
Serious,,,ranging...see saw..
It is part of the mkt cycle..


Gd Nite..
Sonic
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  • #20,622
  • May 17, 2011 9:28am May 17, 2011 9:28am
Quoting kimis
anybody thinking about posible short EU now?

Attachment
I am already short in EU. Wide SL. As Master Sonic is saying. They are rainging the PA to collect SL
  • #20,623
  • May 17, 2011 9:36am May 17, 2011 9:36am
Quoting bennyFX
I am already short in EU. Wide SL. As Master Sonic is saying. They are rainging the PA to collect SL
My stop order not trigered yet, but it looks like initial 50 pips SL could be to small. recent pull up was more than 40 pips to the loss side.

Benny, what is your SL now?
  • #20,624
  • May 17, 2011 9:40am May 17, 2011 9:40am
Quoting kimis
My stop order not trigered yet, but it looks like initial 50 pips SL could be to small. recent pull up was more than 40 pips to the loss side.

Benny, what is your SL now?
1.425x but I would advise to reduce size as it is really wide.
  • #20,625
  • May 17, 2011 10:04am May 17, 2011 10:04am
Quoting bennyFX
1.425x but I would advise to reduce size as it is really wide.
What do you think about PA and Volume an EU:

I am seeing high volume on highest PA (1st rectangle)
+ Increasing volume at increasing PA (2nd rectangle)

This may be a sign of smart money collecting in advance of short attack.
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  • #20,626
  • May 17, 2011 10:12am May 17, 2011 10:12am
TAH, You do not know why the lines RgL and RgH correctly displays the user? This Alpari Demo.
Alpari live at all ok
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  • #20,627
  • May 17, 2011 1:28pm May 17, 2011 1:28pm
Quoting bennyFX
What do you think about PA and Volume an EU:

I am seeing high volume on highest PA (1st rectangle)
+ Increasing volume at increasing PA (2nd rectangle)

This may be a sign of smart money collecting in advance of short attack.
mine sl has been hunted at >1.42xx level
  • #20,628
  • May 17, 2011 2:14pm May 17, 2011 2:14pm
Quoting traderathome
Basber,

It is truely nice to have you here on the thread again. You are a wise and stable trader. You and Sonicdeejay are cut from the same cloth, and the thread is blessed to have both of you. Personally, I look forward to reading each and every one of your posts, Basber, and to reflecting on the wisdom you share.

Thanks for returning, brother.
Thanks for your nice words, TAH. I try to be around as much as possible, because I like to be here, till I have more time to be active like before.

P.S. : what just happened to enigma ?! I don't think I said something badm or offending him. It's usually a misunderstood which came from english language and sometimes text messaging (Like before ...).

I didn't offend anyone ... not even 1 person here. I liked every one here and many people who know me, know that I'm just here to help. Time will tell to those who are new here or don't know me.

Again, Again and Again, I sometime brought some of my thought out with some of posts here. Many of them are general posts.

And maybe I should make it cristal clear that I didn't get upset about the "lucky" part of enigma's post. It's really silly to do such a thing. I just post that reply on that topic because many people think it's about luck. that's all. I hope Enigma will understand and at least try to check my post with someone with better understang of english and be sure of what he's doing.

I Hope to see him back, not because of myself or other traders, but because of himself. Anyway ... Let's get down to business

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #20,629
  • May 17, 2011 2:15pm May 17, 2011 2:15pm
Quoting RonaldinhoKuban
TAH, You do not know why the lines RgL and RgH correctly displays the user? This Alpari Demo.
Alpari live at all ok
RK, I had the same problem. try to update to latest build, if didn't fixed, re-install and update to latest build. Mine fixed when I did this.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #20,630
  • May 17, 2011 2:19pm May 17, 2011 2:19pm
Quoting nando_rich
I took this short trade...

Sorry for the late chart...i wasn't in front of my screen.

1st Half closed at the botton of range...banked 30 pips...

2nd half sl @ be...now it's free.


Regards.
Trade Management is one of the most tough subjects to master in forex. You're doing fine I believe. well done

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #20,631
  • May 17, 2011 2:23pm May 17, 2011 2:23pm

Read This !


Quoting traderathome
EU:

42 pips profit on this SonicR long closed earlier at TP1.
Quoting nando_rich
I took this short trade...

Sorry for the late chart...i wasn't in front of my screen.

1st Half closed at the botton of range...banked 30 pips...

2nd half sl @ be...now it's free.


Regards.
I liked this very very much ... There is a very important lesson in these two posts. You know why ?

TAH & Nando took 2 compeletely different trades, one long one short, in 2 hours, in one pair. Both took profit out of it. So, Please do not waste your time on your "thoughts", "believes", "biases" and stick to basic.

Very nice example of the indepententness of this method from many nonsence and of course complicated thought about what market will do.

Bravo guys.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #20,632
  • May 17, 2011 2:29pm May 17, 2011 2:29pm
Quoting M5city
40 PIPS on gbp/usd, did you got it?
Where is your chart ?! It'll be very good to attach them so that other traders while reading posts in future, could use them as examples.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #20,633
  • May 17, 2011 3:16pm May 17, 2011 3:16pm
What it needs to be successful for a long periode of time?

I am in trading for about 3 years now. Starting with stocks, CFDs and finally moving to FX (most liquid market; long trading hours)

Beside a solid system with propabilities in your favor it comes down to
the "soft skills" how I call it:

disciplin is key!
It sounds simple but it isn't:
+ tight SLs, let the winner run
+ don't overtrade (after series of winners one gets in a mood every trade will work)
+ don't bend rules
+ don't increase lotsize too fast
.
.
.

It is a tough business! Not a quick dollar.
  • #20,634
  • May 17, 2011 3:49pm May 17, 2011 3:49pm
Quoting Basber
Thanks for your nice words, TAH. I try to be around as much as possible, because I like to be here, till I have more time to be active like before.

P.S. : what just happened to enigma ?! I don't think I said something badm or offending him. It's usually a misunderstood which came from english language and sometimes text messaging (Like before ...).

I didn't offend anyone ... not even 1 person here. I liked every one here and many people who know me, know that I'm just here to help. Time will tell to those who are new here or don't know...
I've been reading through the thread, and I have always enjoyed your posts. I've been impressed from the beginning with your knowledge of the markets, and more importantly, with your keen awareness of how one should go about the business of trading. So please stick around as much as you can.

Also, I haven't seen anyone comment on this, but your command of written English has improved by leaps and bounds. I know that has nothing to do with trading, but I've been fairly amazed with your progress in English, and commend you on it.
  • #20,635
  • May 17, 2011 5:21pm May 17, 2011 5:21pm
Nice run up to overhead wall,,,

TP or SL @ BE now...

Vol look thin while running up, so price may pull back.....

Sonic
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  • #20,636
  • May 17, 2011 5:32pm May 17, 2011 5:32pm
Quoting duffypratt
I've been reading through the thread, and I have always enjoyed your posts. I've been impressed from the beginning with your knowledge of the markets, and more importantly, with your keen awareness of how one should go about the business of trading. So please stick around as much as you can.

Also, I haven't seen anyone comment on this, but your command of written English has improved by leaps and bounds. I know that has nothing to do with trading, but I've been fairly amazed with your progress in English, and commend you on it.
Thanks DuffyPratt,

I really like this place, because there was many great things that I learnt from many other traders, and I wish to pay my dues to this community.

One of the great things that participating here had for me, instead of trading, was improvement of my english. Afterall it's my second language and it's really good to hear that it's improving Now I think it's time to move on to third ...

Again, thanks for your kind words.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #20,637
  • Edited 7:20pm May 17, 2011 6:56pm | Edited 7:20pm
Quoting bennyFX
What it needs to be successful for a long periode of time?

I am in trading for about 3 years now. Starting with stocks, CFDs and finally moving to FX (most liquid market; long trading hours)

Beside a solid system with propabilities in your favor it comes down to
the "soft skills" how I call it:

disciplin is key!
It sounds simple but it isn't:
+ tight SLs, let the winner run
+ don't overtrade (after series of winners one gets in a mood every trade will work)
+ don't bend rules
+ don't increase lotsize too fast
.
.
.

It is a tough business!...
Can I comment on this, BennyFX?

1. tight SLs, let the winner ride.
Well, yesterday EU moved down at the London open, and then rose nicely . A tight SL would have been ok, but only if the long trader took profiits early, i. e., did not "let the winner ride". Because, then PA pulled back below Leg #1 of the WAVE. This would have hit a tight SL. And later, PA rose even higher. Based on this, I would have to say a tight SL is fine, but for a quick trade only.

2. don't overtrade.
What, exactly, is overtrading?. I think some definitions are needed here.

3. don't bend rules.
If you are referring to the few, but important, Sonic R System rules, then I totally agree.

4. don't increase lot size too fast.
What does "too fast" mean? I think this gets into that area of risk management. Whatever % risk is taken trading an account, as the account increases, obviously the size of trades may increase. I think what you are saying is do not exceed that trade size just because things are going well.
  • #20,638
  • May 18, 2011 1:55am May 18, 2011 1:55am
Quoting Basber
Trade Management is one of the most tough subjects to master in forex. You're doing fine I believe. well done

Regards,
Basber
Thanks I'm trying to improve every day
"Being picky only cost your time - not MONEY"...Hans
  • #20,639
  • May 18, 2011 1:56am May 18, 2011 1:56am
Quoting Basber

Read This !






I liked this very very much ... There is a very important lesson in these two posts. You know why ?

TAH & Nando took 2 compeletely different trades, one long one short, in 2 hours, in one pair. Both took profit out of it. So, Please do not waste your time on your "thoughts", "believes", "biases" and stick to basic.

Very nice example of the indepententness of this method from many nonsence and of course complicated thought about what market will do....
Totally agree, take the trades according to the rules, free of any opinion about where the PA goes.

Regards.
"Being picky only cost your time - not MONEY"...Hans
  • #20,640
  • May 18, 2011 2:15am May 18, 2011 2:15am
Quoting Basber
Thanks for your nice words, TAH. I try to be around as much as possible, because I like to be here, till I have more time to be active like before.

P.S. : what just happened to enigma ?! I don't think I said something badm or offending him. It's usually a misunderstood which came from english language and sometimes text messaging (Like before ...).

I didn't offend anyone ... not even 1 person here. I liked every one here and many people who know me, know that I'm just here to help. Time will tell to those who are new here or don't know me....
HELLO - I´m back ...

chill basber

all is okay - i need some offtime

I got no experience with posting in the cold ff world.

I´m lerning slowly. I want to clear the air with TAH via PM.

Not in the public.

enigma4x
enjoy my life ... and ride the waves - all what I do
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