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Sonic R. System

  • #24,701
  • Aug 10, 2011 7:09pm Aug 10, 2011 7:09pm
Quoting traderathome
EU:

Taking a chance that this will be a whole number area bounce up. A lot of traffic just occurred while price was below the whole number. Then a move up thru the whole number. Now a move back down to it, with a chance that price will bounce.

EP long = 1.4195, tight SL, tentative TP.
EU:

Stoppped out (again!). I hate SLs! Anyway, EP = 1.4195, minus SL = 1.4170, minus spread, equals 27 pips net loss. This is turning out to be a hell of a bang up week for me,.....makes me want to throw the damned SL right out the window!
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  • #24,702
  • Aug 10, 2011 7:31pm Aug 10, 2011 7:31pm
EU:

Entered short, EP = 1.4169.
Attached Image (click to enlarge)
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  • #24,703
  • Aug 10, 2011 7:33pm Aug 10, 2011 7:33pm
Quoting traderathome
EU:

Stoppped out (again!). I hate SLs! Anyway, EP = 1.4195, minus SL = 1.4170, minus spread, equals 27 pips net loss. This is turning out to be a hell of a bang up week for me,.....makes me want to throw the damned SL right out the window!

Not the SL ... how about loosening up SL lil bit..
Kinda too tight..

and careful about swimming in the small pond..

Sonic
  • #24,704
  • Aug 10, 2011 7:48pm Aug 10, 2011 7:48pm
Entered long USDJPY 7:15pm ET

Good evening master deejay and all sonickers


regards
frank
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy 2011-08-10 15min live trade.jpg Size: 86 KB
  • #24,705
  • Aug 10, 2011 7:57pm Aug 10, 2011 7:57pm
Good evening sir TAH, again thanks for your response to my querry last time. not to bother you so much, still i cant manage to bring out the 5 digit number at the end of fib ext (1.XXXXX). is it possible for you to share it again sir?

regards
frank
  • #24,706
  • Aug 10, 2011 8:04pm Aug 10, 2011 8:04pm
Now Zeroing for EURUSD / GBPUSD long setup....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd 2011-08-10 15min live trade.gif Size: 19 KB
Click to Enlarge Name: gbpusd 2011-08-10 15min live trade.jpg Size: 84 KB
  • #24,707
  • Aug 10, 2011 8:13pm Aug 10, 2011 8:13pm
UJ:

Long, EP = 76.84.
Attached Image (click to enlarge)
Click to Enlarge Name: # aug 10, 2011 - 099.gif Size: 28 KB
  • #24,708
  • Aug 10, 2011 8:21pm Aug 10, 2011 8:21pm
Quoting alrightfrank
Good evening sir TAH, again thanks for your response to my querry last time. not to bother you so much, still i cant manage to bring out the 5 digit number at the end of fib ext (1.XXXXX). is it possible for you to share it again sir?

regards
frank
Enter in Level column per the numbers shown. Enter in the Description column, first text and some space, then the number with the decimal two places right, then 3 spaces followed by %$. So, the top one would look like...1.382 TP3 138 %$

1.382 TP3
1.272 TP2
1.000 TP1
0.382 Buy Point
0.236 Buy Point
0.000 Base
-0.236 SL
  • #24,709
  • Aug 10, 2011 8:34pm Aug 10, 2011 8:34pm
Quoting traderathome
Enter in Level column per the numbers shown. Enter in the Description column, first text and some space, then the number with the decimal two places right, then 3 spaces followed by %$. So, the top one would look like...1.382 TP3 138 %$

1.382 TP3
1.272 TP2
1.000 TP1
0.382 Buy Point
0.236 Buy Point
0.000 Base
-0.236 SL
great! many thanks again to you sir...
  • #24,710
  • Edited 10:08pm Aug 10, 2011 9:29pm | Edited 10:08pm
Quoting traderathome
EU:

Entered short, EP = 1.4169.
I have cancelled the SL on this trade! I am tired of this SL bullshit! I don't think I can trade successfully with a SL, not unless I set it a few hundred pips away, which is what I might start doing. Each time I set a SL, I feel I am putting a big red circle on my trade, for the Market to target. And based on results, they hit it pretty good! When I enter a trade, it is because I believe in it. If I am right, I will make money. If I am wrong, I will lose money. But, at least I get to decide when to close the trade, based on "current events", rather that be forced to "predict" at the time the trade is entered. Putting a SL on the trade is like trying to guess just how far the Market might whip the price, or engage in an opposite run for awhile. That I cannot do,.....guess what the market is going to do. So why should I bother to try and guess? Why should I bother to try and place a SL on my trade and let the Market, not me, decide when to close my trade? I am really discouraged over this. I may try it again, later. But right now I see it as a big negative.

The trade is still running, and without any SL.
Attached Image (click to enlarge)
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  • #24,711
  • Aug 10, 2011 10:01pm Aug 10, 2011 10:01pm
short eu ang gu
Money Management and Patience is the Key
  • #24,712
  • Aug 10, 2011 10:11pm Aug 10, 2011 10:11pm
Quoting alrightfrank
Now Zeroing for EURUSD / GBPUSD long setup....
Easy there tiger..
Asian Session + counter trend trade can be a very bad mix, get u drunk easily..


Sonic
  • #24,713
  • Edited 10:36pm Aug 10, 2011 10:20pm | Edited 10:36pm
Hello prompt please as in indicator SupDem to adjust fib that showed points of an input, an exit and stop
  • #24,714
  • Aug 10, 2011 10:20pm Aug 10, 2011 10:20pm
this week i lost 80% of my initial cap...
lessons learned:
my actual log in my trade journal:
Aug 07 2011 - killed by the market:
reasons:
1. Entered at the Asian Market though i knew already its not advisable due to uncertainty of the market condition.
2. i entered a ranging market: the system i use is not designed for it.
3. i did not follow the setup condition.
4 i tried to take revenge of the market.
5 i did not use proper money management by using the SL.

regards
frank
  • #24,715
  • Aug 10, 2011 11:03pm Aug 10, 2011 11:03pm
Quoting sonicdeejay
Easy there tiger..
Asian Session + counter trend trade can be a very bad mix, get u drunk easily..


Sonic

Thx. for the support sonic. thx for the lesson. Last time i dun stick with the sl rule and i lost alot. now i am not scared with large sl and profits are in hands.
Money Management and Patience is the Key
  • #24,716
  • Aug 10, 2011 11:12pm Aug 10, 2011 11:12pm
Quoting TRMZXT
I would also recommend got to Sonics profile... click on attachements (pics) which will show examples of his trades and go through them.

Tanx for ur comment, IŽll do that.

See ya around
  • #24,717
  • Aug 10, 2011 11:14pm Aug 10, 2011 11:14pm
Quoting Donkey
Hi there. I'm new to this thread but not totally new to forex. I see tons of promise in this system. Here is how I'm going about it. Basically reading everything I can from Sonic and others. It takes time but if you dig through, study charts, etc. you'll find nuggets of gold....just as in other threads.

I bolded your mention of SL as I see this as important and a topic of heated discussion in the thread. Read sonic's 3 posts 832 - 835 (hopefully linked properly herehttp://www.forexfactory.com/showthre...06#post2436506...

Hey man, I really apreciate ur comment..
IŽll be estudying this method of Sonic, so IŽll be bussy with this. Also Im gonna see other things to improve my results. Nice point about sl...

See you around, weŽll be in contact
  • #24,718
  • Aug 10, 2011 11:39pm Aug 10, 2011 11:39pm
Quoting sonicdeejay
Easy there tiger..
Asian Session + counter trend trade can be a very bad mix, get u drunk easily..


Sonic
thanks for the reminder sir, its just i got excited and trust your system and the setup plan really works!!!
i forgot: london and us sessions
more power to you

frank
  • #24,719
  • Aug 11, 2011 12:05am Aug 11, 2011 12:05am
Quoting scuderia
short eu ang gu
force fully close +15 each.
Money Management and Patience is the Key
  • #24,720
  • Aug 11, 2011 12:55am Aug 11, 2011 12:55am
Higher low spotted EU..
If u tak SC long, it is considered CT..so be hawky..

Watch out for 1.426x, it is 50% fibo of yesterday move..

Sonic
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