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Sonic R. System

  • #24,101
  • Jul 29, 2011 10:12am Jul 29, 2011 10:12am
Quoting foxybunny
nando, did u catch the C-wave ?

As the price seem to follow the waves you drawn.
Yes i caught the C-wave...

If i hadn't turn on my computer my intial TP had been hit...+97pips...

anyway green pips is better that red pips....

take a look where the PA seems to be stopping...

Regards.
Attached Image (click to enlarge)
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"Being picky only cost your time - not MONEY"...Hans
  • #24,102
  • Jul 29, 2011 10:13am Jul 29, 2011 10:13am
Quoting traderathome
UJ:

Added EP2 long = 78.39. Nice stopping volume. Still have SL killed due to possible high volatility. If this runs up well, I might utilize the TP2.
UJ:

I have since added SonicR EP3 long = 77.79, and Sonic Scout EP4 long = 77.09, per attached. These two additional entries are posted herewith for continuity of this UJ long trade.
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  • #24,103
  • Jul 29, 2011 10:17am Jul 29, 2011 10:17am
Quoting nando_rich
Yes i caught the C-wave...

If i hadn't turn on my computer my intial TP had been hit...+97pips...

anyway green pips is better that red pips....

Regards.

Maybe you should try to trust the fib system that you use.

Has a very high hit rate.
"The future is already written in the past"
  • #24,104
  • Jul 29, 2011 10:22am Jul 29, 2011 10:22am
Quoting traderathome
EU:

I added at two higher S&R levels during my absence.
EP6 short = 1.4138 was added when the London session opened yesterday, but I was not online. I had been elsewise engaged and tired, and went to bed.
EP7 short = 1.4200, was added after I woke and the US session was already well underway. Again, I was not online and tending to other matters.

And I may not be long here today, either.

I have killed the SL on this trade. To me, the BBs are in sell mode, but the drives up they are making at every excuse in order to close longs/open shorts...
EU:

Added EP8 short = 1.4410, per attached. This is not a SonicR entry and is posted only for continuity of this EU short trade.
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  • #24,105
  • Jul 29, 2011 10:29am Jul 29, 2011 10:29am
Quoting traderathome
UChf:

I have since added EP6 long = 0.8010, and EP7 long = 0.7872, per attached. These entries are not SonicR and are posted only for continuity on this UChf long trade.

Tah youre at it again - hopefully for a good reason


The only longs I see right now are if you flip your screen upside down - sorry couldnīt help that.

Anyway I sincerely hope it turns out well for you.
"The future is already written in the past"
  • #24,106
  • Jul 29, 2011 10:39am Jul 29, 2011 10:39am
Quoting hansma
Maybe you should try to trust the fib system that you use.

Has a very high hit rate.

Yes Hans.... I think you could try too .... I recommend it to you.

Tons of thanks Hans...this tool is GOLD!!!
"Being picky only cost your time - not MONEY"...Hans
  • #24,107
  • Edited 10:52am Jul 29, 2011 10:42am | Edited 10:52am
Quoting traderathome
UCad:

Trade closed at 0.9478, which is the same price as the first entry long.....

04 pips loss on EP1 long = 0.9578.
23 pips gain on EP2 long = 0.9551.
76 pips gain on EP3 long = 0.9498.
114 pips gain on EP4 long = 0.9460.
*209 pips total profit*
I am not impress..

You took tremendous amount of risk, just to get 209 pips..
It just not worth it..
Count it as lucky as the trend turn backs..
You will be in deep red if it doesn't..

Rather than adding to the losers trade.. and watch it with patience, you can get 400 pips from SC Long..using 4 lots with minimal risk..

Sonic

P.S sorry for being blunt..I meant well... The habit of yours will burn the deep hole in your pockets if you keep the way..
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  • #24,108
  • Jul 29, 2011 10:46am Jul 29, 2011 10:46am
Quoting nando_rich
Yes Hans.... I think you could try too .... I recommend it to you.
As a site note that I havent mentioned - it also works great as a reentry tool. Just always keep in mind what is in front of you in the past S+R etc.
"The future is already written in the past"
  • #24,109
  • Jul 29, 2011 10:49am Jul 29, 2011 10:49am
Quoting hansma
Tah youre at it again - hopefully for a good reason


The only longs I see right now are if you flip your screen upside down - sorry couldnīt help that.

Anyway I sincerely hope it turns out well for you.
Stopping volume is the reason,.....good stopping volume, this time it is the best in quite a while. It will turn out well. Trading this way takes very small entries and sometimes a lot of time for the overall trade to come good. The longer this experiment continues, however, the more I feel that pure SonicR for quick gains within the day trading range ultimately comes out far better, and certainly a better usage of the time value of money available for trading.
Attached Image (click to enlarge)
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  • #24,110
  • Jul 29, 2011 11:04am Jul 29, 2011 11:04am
Quoting traderathome
Stopping volume is the reason,.....good stopping volume, this time it is the best in quite a while. It will turn out well. Trading this way takes very small entries and sometimes a lot of time for the overall trade to come good. The longer this experiment continues, however, the more I feel that pure SonicR for quick gains within the day trading range ultimately comes out far better, and certainly a better usage of the time value of money available for trading.
I don't understand you, TAH. You don't trade vsa, high volume doesn't always mean stopping volume, it could be absorbing volume, in such a downtrend, you'll always have oversold, and there's a lot of high volume everytime it attempts to push lower, because the BB absorbs your long position, for the vsa trader, stopping volume doesn't mean entry, the following price action is very important and they have a certain entry criteria. VSA does fails as the BB always want the cheap, that's why we have SL ready. I beg you to close the trade, the USD is done.
  • #24,111
  • Jul 29, 2011 11:21am Jul 29, 2011 11:21am
From a "news" item.....

"The USD first rallies despite continued lack of debt ceiling solution but then plummets on a horrible GDP print."

Why should anyone be surprised at a horrible GDP? I mean, we don't make anything more in this country, do we? The criminal rich of Commerce Street have sent all the jobs overseas, while increasing their pay, bonuses, and severance deals to outlandish levels! So why the surprise?

Oh, ok. I get it. The GDP was expected to be rising, since the biggest component of it now has been switched to the volume of all the hot air produced in Washington!
  • #24,112
  • Jul 29, 2011 11:23am Jul 29, 2011 11:23am
Quoting nando_rich
Yes i caught the C-wave...

If i hadn't turn on my computer my intial TP had been hit...+97pips...

anyway green pips is better that red pips....

take a look where the PA seems to be stopping...

Regards.

nando, well done on catching the move.

I saw where PA seem to stop at the top resistance where you drawn.

I need to re-draw the EW count again on the weekend.
Today was just spending time on it.
That is the thing with playing EW, need to re-draw a few times to get the count better.

Regarding the fib tool with the parameters you are using, are you using it mainly for the purpose of targeting profit ofr for what other purposes??
  • #24,113
  • Jul 29, 2011 11:24am Jul 29, 2011 11:24am
Quoting traderathome
From a "news" item.....

"The USD first rallies despite continued lack of debt ceiling solution but then plummets on a horrible GDP print."

Why should anyone be surprised at a horrible GDP? I mean, we don't make anything more in this country, do we? The criminal rich of Commerce Street have sent all the jobs overseas, while increasing their pay, bonuses, and severance deals to outlandish levels! So why the surprise?

Oh, ok. I get it. The GDP was expected to be rising, since the biggest component of it now has been switched to the volume...
Can you please stop playing with your prediction and perception. You are ignoring the obvious by telling the marketing to follow your ruling
  • #24,114
  • Jul 29, 2011 11:33am Jul 29, 2011 11:33am
Quoting hansma
As a site note that I havent mentioned - it also works great as a reentry tool. Just always keep in mind what is in front of you in the past S+R etc.
Yes...i tested it for re-entry too...it works fine, overall for TP1 (100.0)...

The better think about this tool is the R/R ratio always is positive, inclusive with my conservative EP in 38%...

TP1 = 1:1
TP2 TP3 = 1.27-1.38:1

Another positive point is the mechanical SL, EP and TP...it's an important thing on trading...To leave the least possible subjectivity...

Of course taking in account S&R, general trend, etc.

Best Regards.
"Being picky only cost your time - not MONEY"...Hans
  • #24,115
  • Jul 29, 2011 11:33am Jul 29, 2011 11:33am
Quoting petedeluiz
I don't understand you, TAH. You don't trade vsa, high volume doesn't always mean stopping volume, it could be absorbing volume, in such a downtrend, you'll always have oversold, and there's a lot of high volume everytime it attempts to push lower, because the BB absorbs your long position, for the vsa trader, stopping volume doesn't mean entry, the following price action is very important and they have a certain entry criteria. VSA does fails as the BB always want the cheap, that's why we have SL ready. I beg you to close the trade, the USD is...
1. last entry about 140 pips lower than previous, lowering the BE exit nicely.

2. nothing goes in the same direction forever, and now any decent retrace will afford an exit with profit on the overall trade.

3. however, any such "mad dash" could spell the end of a trend, so it was an opportunity not to be missed in my experiment.

4. the entries are very small, and now total only eight, whereas I have had trades of more, so it is not a big deal in the scope of how this trading experiment works.

5. the BBs can only absorb long positions with SLs on them, not mine.
  • #24,116
  • Jul 29, 2011 11:38am Jul 29, 2011 11:38am
Quoting petedeluiz
I don't understand you, TAH. You don't trade vsa, high volume doesn't always mean stopping volume, it could be absorbing volume, in such a downtrend, you'll always have oversold, and there's a lot of high volume everytime it attempts to push lower, because the BB absorbs your long position, for the vsa trader, stopping volume doesn't mean entry, the following price action is very important and they have a certain entry criteria. VSA does fails as the BB always want the cheap, that's why we have SL ready. I beg you to close the trade, the USD is...

i'm thinking get off the VSA or any vol indi of my chart...lately i'm seeing that the dragon + S&R is enough for trading decisions...I think the vol add a lot of confusion.
"Being picky only cost your time - not MONEY"...Hans
  • #24,117
  • Jul 29, 2011 11:48am Jul 29, 2011 11:48am
Quoting nando_rich
i'm thinking get off the VSA or any vol indi of my chart...lately i'm seeing that the dragon + S&R is enough for trading decisions...I think the vol add a lot of confusion.
The method sonicers are using here focus only a small part of vsa, but can aid tremendously well to our decision-making imo as you can see Sonic using volume in conjunction with sonicr very well

I think, in order to be good at something, we must have throughout knowledge at it, so, if it brings you confusion, study it until you are good at it or just get rid of it. For me, since I trade vsa as my main method, so can't live without it
  • #24,118
  • Jul 29, 2011 11:49am Jul 29, 2011 11:49am
Quoting nando_rich
i'm thinking get off the VSA or any vol indi of my chart...lately i'm seeing that the dragon + S&R is enough for trading decisions...I think the vol add a lot of confusion.
I quite agree, Nando. I still use it in conjunction with my experiment trades when assessing possible adds. With ongoing pure SonicR trades, I have removed it from my trading chart.

The less on a chart in the way of technicals to be a part of analysis, the better. As you say, the Dragon + S&R is more than adequate. It is the PA Waves at S&R that matter for a good setup, and no technical but the price chart itself with S&R is needed for that, and using the Dragon to time the entry.
  • #24,119
  • Jul 29, 2011 12:47pm Jul 29, 2011 12:47pm
Quoting sonicdeejay
I am not impress..

You took tremendous amount of risk, just to get 209 pips..
It just not worth it..
Count it as lucky as the trend turn backs..
You will be in deep red if it doesn't..

Rather than adding to the losers trade.. and watch it with patience, you can get 400 pips from SC Long..using 4 lots with minimal risk..

Sonic

P.S sorry for being blunt..I meant well... The habit of yours will burn the deep hole in your pockets if you keep the way..

How do you determine "minimal risk"? I know people say have risk evaluation. besides money managment which is a capital risk control. How do you determine "risk" in success or "risk" in TP vs loss? Thanks for your thoughts.
  • #24,120
  • Jul 29, 2011 1:09pm Jul 29, 2011 1:09pm
Quoting petedeluiz
The method sonicers are using here focus only a small part of vsa, but can aid tremendously well to our decision-making imo as you can see Sonic using volume in conjunction with sonicr very well

I think, in order to be good at something, we must have throughout knowledge at it, so, if it brings you confusion, study it until you are good at it or just get rid of it. For me, since I trade vsa as my main method, so can't live without it
Sonic just use it as "possible stopping vol against S&R"...oviulsly if you know to detemine S&R when the PA hit someone could stop or break it and to follow...so you must to take cautions when the PA is hitting an historial S&R...

I'm using vol since november of 2010 and it's added nothing for better decisions in my trading...i think so, but if it help you and you want share how it help you...the sonicers will be thankfull...

Regards.
"Being picky only cost your time - not MONEY"...Hans
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