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Sonic R. System

  • #23,341
  • Jul 15, 2011 2:19am Jul 15, 2011 2:19am
Quoting egkid
Morning all
Looks to me
good entry and good 3 line target
depends on what u drew that 3 line as target ? Sonic system?
if so can u post tpl
But Trade safe because news today
Bank Stress Test Results
The TP just hand draw base on where the S/R levels overlap with Fabonacci levels. no tpl for it...
seeing through
  • #23,342
  • Jul 15, 2011 2:20am Jul 15, 2011 2:20am
thanks DDayTrader for valuable sharing. I have a questiion regarding SL - how big it is for this strategy?
  • #23,343
  • Jul 15, 2011 2:27am Jul 15, 2011 2:27am
Quoting pipphunter
shorted EU with early entry tight stop, will see
Banked some, stop at BE, will add short at pink line area if there is bounce..
Attached Image (click to enlarge)
Click to Enlarge Name: eu15.gif Size: 29 KB
seeing through
  • #23,344
  • Jul 15, 2011 2:31am Jul 15, 2011 2:31am
Quoting traderathome
EU:

EP short = 1.4224.
EU:
115 pips profit on EP short = 1.4224, closed at 1.4107.
Attached Image (click to enlarge)
Click to Enlarge Name: # july 14, 2011 - 119.gif Size: 34 KB
  • #23,345
  • Jul 15, 2011 2:34am Jul 15, 2011 2:34am
Quoting traderathome
AU:

Possible PA Wave showing rejection (final) at half number area. There is local S&R just above and below the half number. A drop down out of this area would be bearish.
AU:

128 pips profit on EP short = 1.0766, closed at 1.0634.
Attached Image (click to enlarge)
Click to Enlarge Name: # july 14, 2011 - 120.gif Size: 29 KB
  • #23,346
  • Jul 15, 2011 2:35am Jul 15, 2011 2:35am
Quoting traderathome
AU:

128 pips profit on EP short = 1.0766, closed at 1.0634.
way to go bro
Raza
  • #23,347
  • Jul 15, 2011 2:35am Jul 15, 2011 2:35am
Quoting traderathome
EU:
115 pips profit on EP short = 1.4224, closed at 1.4107.
Nice fly back to support..
I lov ur gut TAH..
U r one hell of trader in a eccentric way..

I m at a hospital waiting for my dad op to finish...

Sonic
  • #23,348
  • Edited 2:42am Jul 15, 2011 2:41am | Edited 2:42am
Quoting sonicdeejay
Nice fly back to support..
I lov ur gut TAH..
U r one hell of trader in a eccentric way..

I m at a hospital waiting for my dad op to finish...

Sonic
Wish you all the very best for your dads op Sonic ...
Raza
  • #23,349
  • Jul 15, 2011 2:48am Jul 15, 2011 2:48am
Quoting sonicdeejay
Nice fly back to support..
I lov ur gut TAH..
U r one hell of trader in a eccentric way..

I m at a hospital waiting for my dad op to finish...

Sonic
Eccentric. Yeah, that's me alright.

Speaking of "all right", may your dad's doctors be competant and caring. I pray for that, and for you and your family, Sonic, God's grace.
  • #23,350
  • Jul 15, 2011 2:58am Jul 15, 2011 2:58am
Quoting sonicdeejay
Nice fly back to support..
I lov ur gut TAH..
U r one hell of trader in a eccentric way..

I m at a hospital waiting for my dad op to finish...

Sonic
hi mate... good luck to your dad...best wishes..
seeing through
  • #23,351
  • Jul 15, 2011 3:22am Jul 15, 2011 3:22am
Quoting sonicdeejay

I m at a hospital waiting for my dad op to finish...

Sonic
Best wishes!
Ldytzhi
  • #23,352
  • Jul 15, 2011 5:32am Jul 15, 2011 5:32am
hey guy am i officially a sonicar now?
Attached Image (click to enlarge)
Click to Enlarge Name: my 1st sonic trade.PNG Size: 96 KB
{Promotion Removed}
  • #23,353
  • Jul 15, 2011 6:03am Jul 15, 2011 6:03am
Quoting xxman1
hey guy am i officially a sonicar now?
u should be tp or sl at be...

Sonic
  • #23,354
  • Jul 15, 2011 6:54am Jul 15, 2011 6:54am
Quoting pipphunter
... it all bring to the point that how the analysis of "BB actions" can help me to make better trading decisions? I cannot see how, and i don't think i am capable to do so...therefore at this point I don;t consider the BB action as all. I take the shot at the best of my trading ability, if it pay off then it's great. it "they" got me, then I will try another time.

I see the forex market like big African jungle (or eco system), there's lions and tigers (BBs), but every creatures surrive in there own ways,and make good life out of it.
I agree. This has been the one area over the years (yes, TAH, it has been years!) where TAH and I diverge - I do not think the concept of "the Big Boy's" is at all helpful. There is no telling what activity is the result of large institutions and which activity if the result of insych "black box" cmputer programs. There is no way to use this concept to make day to day trading decisions.

The best we can do is to learn our system, learn how to conduct our analysis based upon our system, support & resistance, and the swings or waves the market makes. Base your decision upon your analysis using your system, and protect yourself from times where your analysis leads you to take an unfavorable position by using a stop loss with sound money management.

The biggest, baddest trader that we trade against is not the nameless institutional "they" but rather the three headed Hydra within our own hearts and minds - our fear, our greed, and our hope.
  • #23,355
  • Jul 15, 2011 7:09am Jul 15, 2011 7:09am
Quoting traderathome
1. Aside from that broker being highly recommended by you for live trading, for teaching and showing examples of your method you might consider using some demo account MT4. This should make it easier on you to draw on the chart, and should result in faster comprehension by Sonikers. The only problem is that I don't find "ROC" on MT4. We'd have to find the indicator elsewhere and add it to MT4...
I cannot recommend interactivebrokers highly enough - terrible customer service, unfortuantely, but that is because they keep costs now with tight spreads and low commissions. It is not a broker for new traders. Cut your teath in the bucket shops, and once you trade up to a respectable stake, you should run, don't walk, to interactivebrokers.

I rarely use MT4 any longer, but I found an ROV indi here on FF and I will attach it here. TAH can take a look at it, and perhaps put together a SonicD template. This ROC allows for two ROC's in the subpane - I just set them both to "2" so that I only see one ROC line.

If you have time TAH, this ROC would be better if you could remove one of the ROC lines. It would be great if you figure out a way to have the indicator automatically plot a horizontal line at the "0" level.

I attached an MT4 chart with the Sonic Dragon and the ROC - these would be the only two indicators we'd need for a template.
Attached Image (click to enlarge)
Click to Enlarge Name: SonicD - MT41.jpg Size: 80 KB
Attached File(s)
File Type: mq4 ROC2_VG.mq4   4 KB | 457 downloads
File Type: ex4 ROC2_VG.ex4   5 KB | 383 downloads
  • #23,356
  • Edited 8:29am Jul 15, 2011 7:47am | Edited 8:29am
EU:

Entered EP short = 1.4128.

After closing an EU trade earlier, I waited to see if the BBs would work the price up, creating a range for the continued closing of longs and opening of shorts. Got some rest. Waited for US open to see if those BBs might top the range, make a bit higher move, etc.

It looks like "No.", so I entered short here. If, however, there is a surprise spike up, I'll look for a nice place to add short.

Hoping this talk of BBs might add knowledge as to "How" to use the fact of their existence and price manipulations to exercise patience, for perhaps sometimes better timed entries. You will need it when you graduate to the Sonic PD/SS method (.....still talking to management for the inclusion of it, but without success so far.....)

.......Management says the method has too many letters, and won't be allowed! What the hey! "Pump & Dump"/"Torpedo & Buy" was what I submitted. Too many letters? So, I changed it to "Pump & Dump"/"Squash & Scrape". You know what? Management still insists that is too many letters.......????????



Alright, I've had it! Third name, third rejection. What's wrong with Sonic PD/SS? Pump & Dump/Squeeze & Suck is STILL too many letters?

Ok, one more try, Sonic PD/GG. Surely management is not going to claim Pump & Dump/Grind & Grab has too many letters.
Attached Image (click to enlarge)
Click to Enlarge Name: # july 14, 2011 - 121.gif Size: 35 KB
  • #23,357
  • Jul 15, 2011 8:03am Jul 15, 2011 8:03am
Quoting kimis
thanks DDayTrader for valuable sharing. I have a questiion regarding SL - how big it is for this strategy?
Glad to share, kimis!

The initial stop loss in this system, for shorts, is always above the high price corresponding to the ROC's peak for the pullback. This means the # of pips at risk is usually higher than when you trade the SonicR on the M15. Therefore, you need to adjust you position size and trade smaller for this system. Hence, the "pyramid" approach.

This system let's you get a fairly early start on what might become a good trend move. If you usually trade 100K on an M15 trade, you might trade only 25K to start with this one. As the market moves in your favor, you wait for addition ROC signals to add another 25K to your position per signal.

If you look at the GBP.CHF example I posted, you will see I have made four entries, each with around 12K (12 microlot equivalent), so I have 49K total on the trade(about 5 mini lot equivalent). But the open profit is quite high compared to what I would get with a 5 mini lot SonicR trade, because of the cumulative pips of profit. You control your risk by adjusting your position size to the number of pips in your stop loss.
  • #23,358
  • Jul 15, 2011 8:04am Jul 15, 2011 8:04am
"The value of a man should be seen in what he gives and not in what he is able to receive." - Albert Einstein

I love this
born to speculate
  • #23,359
  • Jul 15, 2011 8:23am Jul 15, 2011 8:23am
thanks, dadytrader

correct me if I'm wrong - your sl now is yesteday's high - above 1.4282, and you must be already in trade from today's failed atempt to break yestarday's low.

Quoting ddaytrader
Glad to share, kimis!

The initial stop loss in this system, for shorts, is always above the high price corresponding to the ROC's peak for the pullback. This means the # of pips at risk is usually higher than when you trade the SonicR on the M15. Therefore, you need to adjust you position size and trade smaller for this system. Hence, the "pyramid" approach.

This system let's you get a fairly early start on what might become a good trend move. If you usually trade 100K on an M15 trade, you might trade only 25K to start with this one....
  • #23,360
  • Jul 15, 2011 8:28am Jul 15, 2011 8:28am
Eur USd
Attached Image (click to enlarge)
Click to Enlarge Name: 20110715-hs2x-168kb.jpg Size: 168 KB
born to speculate
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