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Sonic R. System

  • #24,161
  • Jul 31, 2011 8:07pm Jul 31, 2011 8:07pm
Quoting ddaytrader
So what you are saying is that I finally have your attention!


Ahhhhh ... come her, ya' big lug

Hold on a sec, I've got to add one more to one of my trades......
  • #24,162
  • Jul 31, 2011 8:10pm Jul 31, 2011 8:10pm
Quoting traderathome
Hold on a sec, I've got to add one more to one of my trades......

  • #24,163
  • Jul 31, 2011 9:09pm Jul 31, 2011 9:09pm
Now that was funny! BWAHAHAHAHA
  • #24,164
  • Jul 31, 2011 10:45pm Jul 31, 2011 10:45pm
Quoting traderathome
Hold on a sec, I've got to add one more to one of my trades......

TAH, if above is true, this means you are "adding to your winners".


Quoting ddaytrader

ddaytrader, then no need to pull you hair out, as TAH is adding to winners.
  • #24,165
  • Aug 1, 2011 1:16am Aug 1, 2011 1:16am
Hi
Could I be right?
Gonna put pending order BUY at 1.4420 closer to London open.
I see SL 1.4340 and TP 1.4530
Attached Image (click to enlarge)
Click to Enlarge Name: eu010811.gif Size: 72 KB
  • #24,166
  • Aug 1, 2011 1:37am Aug 1, 2011 1:37am
Quoting traderathome
UJ:

Orange is key S&R on this pair right now. PA dropped thru it, up to test it, driven down and driven back up thru it. Then down to test, and now moving up. Not the London session yet, however. So another pullback possible then.

Edit: TP2 reached, also just above range high for the day. It was a good place to take profit (2nd chart).
this's the trade everyone dream of...the rocket ride ...TAH you got it ... great reward/risk ratio too...text book example!!
seeing through
  • #24,167
  • Aug 1, 2011 2:39am Aug 1, 2011 2:39am
Quoting alesha77
Hi
Could I be right?
Gonna put pending order BUY at 1.4420 closer to London open.
I see SL 1.4340 and TP 1.4530
I will see that!
Attached Image (click to enlarge)
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  • #24,168
  • Aug 1, 2011 3:09am Aug 1, 2011 3:09am
Quoting alesha77
Hi
Could I be right?
Gonna put pending order BUY at 1.4420 closer to London open.
I see SL 1.4340 and TP 1.4530
I see that , but I'm not sure with where TP will hit
  • #24,169
  • Aug 1, 2011 3:57am Aug 1, 2011 3:57am
Quoting pipphunter
in addition to the soinc R rules, I have two conditions for the setup to take:
1. the setup must establish at major S/R level.
2. in M15 or M5 must shows reversal pattern, with the near-term S/R
flip, and tested, see attached chart example.
this two condition also used in my scalp trades, very rewarding so far.

for those want to improve trading skill, my advise is : "learning is the path of self discovery". you must pratice the methold that proven by others, and discover what elements holding your back and made bad decision. don't...
Hi Pipphunter,

Thanks for sharing your chart and explanation, sure helps newbie like me.

Regards
Mark
  • #24,170
  • Aug 1, 2011 5:14am Aug 1, 2011 5:14am
my today's wave setup ep 1.4414 tp 1.4489 let the market decide
Attached Image (click to enlarge)
Click to Enlarge Name: eu-2011-08-01.png Size: 55 KB
  • #24,171
  • Aug 1, 2011 5:59am Aug 1, 2011 5:59am
The supply/demand indi is cool...

Thanks enigma4x and hans for share
Attached Image (click to enlarge)
Click to Enlarge Name: eu9_m30.gif Size: 23 KB
"Being picky only cost your time - not MONEY"...Hans
  • #24,172
  • Aug 1, 2011 6:31am Aug 1, 2011 6:31am
Quoting nando_rich
The supply/demand indi is cool...

Thanks enigma4x and hans for share

Your velcome.

Do you use it with forced timeframes ?

Regards,
Hans
"The future is already written in the past"
  • #24,173
  • Aug 1, 2011 7:04am Aug 1, 2011 7:04am
Quoting traderathome
UJ:

Orange is key S&R on this pair right now. PA dropped thru it, up to test it, driven down and driven back up thru it. Then down to test, and now moving up. Not the London session yet, however. So another pullback possible then.

Edit: TP2 reached, also just above range high for the day. It was a good place to take profit (2nd chart).
yesssssssssssssssssssssssssssss

that is it .... u got it

enigma4x
enjoy my life ... and ride the waves - all what I do
  • #24,174
  • Aug 1, 2011 7:34am Aug 1, 2011 7:34am
Quoting enigma4x
u are wrote some times ago ur accounts are bigger then mine ...

how big are u accounts??? please show a screen for proof...
Come on now, enigmafx, size of account means nothing here ... I started trading forex three years ago with a $25 USD micro account, and now I trade comfortably sized account at IB.

We all start somewhere, and most of us start with very little. What matters is not where we are or where we came from, but where we are going. And here at SonicR thread, we are all here to help each and everyone of us together to get to a better place than we are now.

FWIW, I am glad to see at least one other Soniker who realizes that if you are going to make it in the forex game, there is no better place than interactivebrokers. I would tell every Soniker to make your goal to open an IB account as soon as you have the 10K USD minimum. They play no games, and their spreads on all pairs cannot be beat. Here is what my quote panel looks like right now:
Attached Image (click to enlarge)
Click to Enlarge Name: IB - The Only Fair Forex Broker.jpg Size: 127 KB
  • #24,175
  • Edited 7:55am Aug 1, 2011 7:38am | Edited 7:55am
Quoting ddaytrader
Come on now, enigmafx, size of account means nothing here ... I started trading forex three years ago with a $25 USD micro account, and now I trade comfortably sized account at IB.

We all start somewhere, and most of us start with very little. What matters is not where we are or where we came from, but where we are going. And here at SonicR thread, we are all here to help each and everyone of us together to get to a better place than we are now.

FWIW, I am glad to see at least one other Soniker who realizes that if you are going to make it...

yess u are right great dd. I delete this post ...

I was starting with 500 eur ... about 2 years ago ...

enigma4x
enjoy my life ... and ride the waves - all what I do
  • #24,176
  • Aug 1, 2011 7:48am Aug 1, 2011 7:48am
EU:

PA rejected at S&R and now down thru Dragon. US debt ceiling deal coming.
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  • #24,177
  • Aug 1, 2011 7:48am Aug 1, 2011 7:48am
Quoting ddaytrader
Come on now, enigmafx, size of account means nothing here ... I started trading forex three years ago with a $25 USD micro account, and now I trade comfortably sized account at IB.

We all start somewhere, and most of us start with very little. What matters is not where we are or where we came from, but where we are going. And here at SonicR thread, we are all here to help each and everyone of us together to get to a better place than we are now.

FWIW, I am glad to see at least one other Soniker who realizes that if you are going to make it...
Ever have that feeling you just been violated? I think I will throw up now. I think I will be moving some accounts!
  • #24,178
  • Aug 1, 2011 8:11am Aug 1, 2011 8:11am
Quoting TRMZXT
Ever have that feeling you just been violated?
Everyday with a bucket shop is a day where you are losing more or profiting less than you should.

IB - the only spikes are real market moves, not a broker hunting for its customers stops. Spreads that are liquidity and market driven, not driven by the bucketshopbroker's greed.

Please note that IB does charge commission on each trade. But the commission is very, very small, and for traders trading a standard lot (100K) it is only 1/5 of a pip! Think about that - .2 of a pip on a spread thant is usually .5 to 1.0 pips! Even FXCM micro usually had the real spread at 2-3 pips, plus the extra 2 pips "slippage"on every trade.

The only negatives with IB is that customer service is not the best - they are busy and they are cheap, so they do not have time for stupid question. You had better know what you are doing before you trade with them. I suggest that once you fund your real account with them that you spend a month trading the demo account they give you. You can only get an IB demo account if you have funded a real trading account first. At least that is how it used to be.

The other negative really isn't a negative, but it took some getting used to: When you trade FX with them, your account will not only have your base currency in it, but it will have residual amounts of other currencies from your trades as well. For example, my account not only has USD in it (which is my base currency), but it also has small amounts of AUD, CHF, and JPY in it at the moment. Not a big deal, but you need to realize that this will make your account balance fluctuate slightly as the exchange rates change.

Moving to IB was the second best thing I ever did for my trading. Finding SonicR was the best, however!
  • #24,179
  • Aug 1, 2011 8:16am Aug 1, 2011 8:16am
Quoting ddaytrader
Everyday with a bucket shop is a day where you are losing more or profiting less than you should.

IB - the only spikes are real market moves, not a broker hunting for its customers stops. Spreads that are liquidity and market driven, not driven by the bucketshopbroker's greed.

Please note that IB does charge commission on each trade. But the commission is very, very small, and for traders trading a standard lot (100K) it is only 1/5 of a pip! Think about that - .2 of a pip on a spread thant is usually .5 to 1.0 pips! Even FXCM micro usually...

With "other" currency as part of your account how is that realized in your margins?
  • #24,180
  • Aug 1, 2011 8:21am Aug 1, 2011 8:21am
Quoting TRMZXT
Ever have that feeling you just been violated? I think I will throw up now. I think I will be moving some accounts!
Oh, come On! With the Sonic R. System, and hundreds of pips to be made, what is an extra pip or two charge by the broker!? Give these poor brokers a break! They need our money, seeing how they never learned to make money honestly. So, let's all help them out. SonicR allows us to be "saviours".

Sonic R = Sharethe Riches
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