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Sonic R. System

  • #24,121
  • Jul 29, 2011 1:27pm Jul 29, 2011 1:27pm
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

to look pa without vol is like to buy a car without gasoline.



enigma4x
enjoy my life ... and ride the waves - all what I do
  • #24,122
  • Edited 3:06pm Jul 29, 2011 1:51pm | Edited 3:06pm
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..
I fully understand, Sonicdeejay. You are friend and Master, that I look up to.

Only on my experiment trades, and only until they are closed, shall I involve a few adds now and then. I am not opening any more such experiment trades. My commitment to the thread is to henceforth trade only pure SonicR, as I have previously stated. From this point forward, it is pure Sonic R. System for me.

BTW, I am not trying to impress with such posts on the experiment trades. I am only posting to maintain continuity. So if a trade went errant, was added to, and is eventually closed at loss, BE, or profit, it does not matter so far as getting posted.

Thank you for your caring and wise advice, Sonic.

Regards,
-tah
  • #24,123
  • Edited 6:24pm Jul 29, 2011 3:05pm | Edited 6:24pm
As the US debt issue take a break, here comes the Europe banks drama..

Next time, hollywood should look into wall street for new actors and actresses..
  • #24,124
  • Jul 29, 2011 4:28pm Jul 29, 2011 4:28pm
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*
The tragedy is that you will use this to validate the strategy, and newbs just arriving will see it and immitate it.

The market will bail you out, until it doesn't. Then it is "Tilt ... Game Over!"
  • #24,125
  • Jul 29, 2011 4:30pm Jul 29, 2011 4:30pm
Quoting Donkey
I took my first sonicr demo last night as well on audusd as some of the others noted. I had 35 p s/l and gained 50p for a 1.35R.

I'm currently using wave analysis, dragon, 89, and horizontal s/r in my analysis. I loaded the VSA indi, but need more study on that concept.
Please do yourself a favor and delete the VSA indi and just focus on what you already have, especially wave analysis, dragon, and horizontal S/R. Eventually you wil subsutitute H4 and Daily wave analysis for the 89 ema.
  • #24,126
  • Jul 29, 2011 4:32pm Jul 29, 2011 4:32pm
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.
Good Grief!

Now, imagine how much your profits would be if instead you added shorts at each of your long EP's...
  • #24,127
  • Jul 29, 2011 4:40pm Jul 29, 2011 4:40pm
Quoting enigma4x
NICE WEEKEND SONICAZ

I´m out for me is weekend ...about 80% gain this week for all - was a good week for me

trade safe

enigma4x aka real money trader
80%!

I closed just over 300 pips net profit this week for a net gain of 2.37% and I thought I had a good week.
  • #24,128
  • Jul 29, 2011 4:49pm Jul 29, 2011 4:49pm
Quoting sonicdeejay
I am not impress...The habit of yours will burn the deep hole in your pockets if you keep the way..
Finally, the Master has spoken. Thank you Sonic for taking a stand for sound money management and against reckless risk of ruin.
  • #24,129
  • Jul 29, 2011 4:54pm Jul 29, 2011 4:54pm
Quoting nando_rich
...the important thing is to respect the trading plan and the SL....the better thing is go far of the screen and to check it 3-4 times in the day like the master says...
Quoting nando_rich
If i hadn't turn on my computer my intial TP had been hit...+97pips...
I try to place my orders between 5 PM and 6PM Eastern US Time, and then not look at the market until 5PM the next day.

I have cheated myself out of more pips by tampering with my trades during the day than all the pips I ever lost from my losing trades.

Just this week I too a 75 pip profit on a trade that ran to my 150 pip support target. I am much more disciplined than I used to be, but it is easy to cheat yourself.

Best is to place your orders and let the market decide - no peaking!
  • #24,130
  • Jul 29, 2011 5:02pm Jul 29, 2011 5:02pm
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....

TAH, I love you. I have tremendous respect for you and your work on behalf of your fellow Sonikers. But TAH, you have picked up a ton of bad trading habits and misinformation. Please, please, let us help you!
  • #24,131
  • Jul 29, 2011 5:49pm Jul 29, 2011 5:49pm
Quoting enigma4x
to look pa without vol is like to buy a car without gasoline.

For currency trading, volume info is not nearly as reliable as it is elsewhere. For stocks, futures, yes, volume can give important clues to how to interpret price action. But for currencies, I think most retail traders can do battle with proficiency without volume or VSA analysis. I am not criticizing those who do use it. I am saying that it is misleading to imply that volume analsysi is necessary for success. It is not.


I quite agree with petedeluiz, where he says:

Quoting petedeluiz
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.
My opinion is that Sonikers in Training would find there time more well spent focusing upon Wave analysis and Support & Resistance, and not try to gain the specialiozed knowledge that someone like petedeluiz has aquired.

VSA is not basics. It is specialized and complex. A pre-requisite for propr VSA is a sound understanding of price action and S/R.

We need to be back to basics and focus on PA. VSA is for graduate school. We are still in elementary school.
  • #24,132
  • Jul 29, 2011 5:54pm Jul 29, 2011 5:54pm
Gr8 Sir..

Have a nice weekend..

We had a slightly bullish doji spin in W 1 TF..
next week gonna be epic..

Sonic

Quoting traderathome
I fully understand, Sonicdeejay. You are friend and Master, that I look up to.

Only on my experiment trades, and only until they are closed, shall I involve a few adds now and then. I am not opening any more such experiment trades. My commitment to the thread is to henceforth trade only pure SonicR, as I have previously stated. From this point forward, it is pure Sonic R. System for me.

BTW, I am not trying to impress with such posts on the experiment trades. I am only posting to maintain continuity. So if a trade went errant,...
  • #24,133
  • Jul 29, 2011 5:59pm Jul 29, 2011 5:59pm
Quoting sonicdeejay
Gr8 Sir..

Have a nice weekend..

We had a slightly bullish doji spin in W 1 TF..
next week gonna be epic..

Sonic
Oh yeah....

take care.

have a nice weekend bro,

Jonas
Hero calls followed by margin calls...
  • #24,134
  • Jul 29, 2011 11:19pm Jul 29, 2011 11:19pm
Quoting traderathome
Carbwb6, your AU trade was a pure SonicR short setup that you executed very well! Congratulations!

You can learn more about how volume is used reading the information in the releasing posts of indicators. The last was on 07-16-2011, but I do not think it is yet linked in Post#1, so you will have to scan backwards to find it.

-tah
Thank you TAH, you always been very helpful.
BTW, looking forward for SonicSchool week2 lesson, i will stick to your class
Have a good weekend.
  • #24,135
  • Jul 30, 2011 3:53am Jul 30, 2011 3:53am
Quoting ddaytrader
80%!

I closed just over 300 pips net profit this week for a net gain of 2.37% and I thought I had a good week.
I suppuse he means 80% hit rate...80% net gains?? I think it would be possible in a microaccount with overleverage

I'm 2.5% up this week...this is wonderfull for me!!!

3 trades....2 positives 1 negative....




Regards.
"Being picky only cost your time - not MONEY"...Hans
  • #24,136
  • Jul 30, 2011 5:57am Jul 30, 2011 5:57am
Quoting nando_rich
I suppuse he means 80% hit rate...80% net gains?? I think it would be possible in a microaccount with overleverage

I'm 2.5% up this week...this is wonderfull for me!!!

3 trades....2 positives 1 negative....

Regards.
80% Profitable is still a great number. An 80% return on equity in one week is only possible through overleverage.

So what was it enigmafx? 80% net profit? Or 80% win rate?
  • #24,137
  • Edited 6:22am Jul 30, 2011 6:11am | Edited 6:22am
Quoting ddaytrader
80% Profitable is still a great number. An 80% return on equity in one week is only possible through overleverage.

So what was it enigmafx? 80% net profit? Or 80% win rate?
I do not agree that leverage is the mani issue here. yes, if you have 1:200-1000 leverage, you can take more orders at once by using the same level of margin or even less.
but most important thing in my opinion is risk and money management. or it could be question of right timing as well.

lets say my account is 1000 usd and minimum lot size I can trade is 0.1
if to stick to SonicR rules and use at least 40 pips SL, minimum risk with minimum lot size would be 4%. but if my TP would be 100 pips at least, I'd have 10% profit per each trade, at least. 8 trades - 80%. it doesn't look unreal for me. and leverage is not issue herre. with 1:100 I'd use 200 usd of margin for each trade, with 1:500 that would be 5 times less.

but I cant achieve such results for now. once I was happy to do 10% per week.
  • #24,138
  • Jul 30, 2011 6:29am Jul 30, 2011 6:29am
Quoting kimis
...lets say my account is 1000 usd and minimum lot size I can trade is 0.1if to stick to SonicR rules and use at least 40 pips SL, minimum risk with minimum lot size would be 4%. but if my TP would be 100 pips at least, I'd have 8% profit per each trade, at least. 10 trades - 80%. it doesn't look unreal for me. and leverage is not issue here...
Show me the person who is winning 10/10 with a 100 pip profit per trade on a 40 pip risk per trade each week, and I will let him trade my money. That doesn't look unreal to you?

You are suggesting that it is reasonable to expect to produce $800 in profits in one week on a capital of only $1000 without undue risk and abuse of leverage. It can be done, with luck on your side, of course. But you will need to catch a runner to do it, and clipping your profits at 100 pips/trade. And it certainly would not be done on a regular basis. Or do you think it is reasonable to expect to average $800/week on a $1000 capital as well?
  • #24,139
  • Jul 30, 2011 6:41am Jul 30, 2011 6:41am
Quoting ddaytrader
Show me the person who is winning 10/10 with a 100 pip profit per trade on a 40 pip risk per trade each week, and I will let him trade my money. That doesn't look unreal to you?

You are suggesting that it is reasonable to expect to produce $800 in profits in one week on a capital of only $1000 without undue risk and abuse of leverage. It can be done, with luck on your side, of course. But you will need to catch a runner to do it, and clipping your profits at 100 pips/trade. And it certainly would not be done on a regular...
sure high risk etc....but i always use to say ''it's possible...'' , but than it's more s.th like a challenge rather than a well thought trading plan to earn consistently money to make a life out of it....
Hero calls followed by margin calls...
  • #24,140
  • Jul 30, 2011 6:58am Jul 30, 2011 6:58am
Quoting ddaytrader
Show me the person who is winning 10/10 with a 100 pip profit per trade on a 40 pip risk per trade each week, and I will let him trade my money. That doesn't look unreal to you?
enigma4x ?

Quote
You are suggesting that it is reasonable to expect to produce $800 in profits in one week on a capital of only $1000 without undue risk and abuse of leverage. It can be done, with luck on your side, of course. But you will need to catch a runner to do it, and clipping your profits at 100 pips/trade. And it certainly would not be done on a regular basis. Or do you think it is reasonable to expect to average $800/week on a $1000 capital as well?

sure, it is very uncommon to have such weekly profits, but as Phati says, it is possible. maybe not each and every week, but maybe 1 week per year?
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sonicdeejay