Sonic R. System | Page 1293 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Sonic R.evolution 95 replies

The System Behind the System, by Merlin Jeffries 16 replies

Old School Sonic System + Other Things 11 replies

Knife system, Vegas 4h system related questions. 4 replies

Would you trade this system? New system #2. 10 replies

Attachments: Sonic R. System
Exit Attachments

Sonic R. System

  • #25,841
  • Sep 1, 2011 6:17am Sep 1, 2011 6:17am
Quoting traderathome
As Sonic would say, "Told cha!"
-tah

Sonic would never have traded like you do.


Your style is fine for demo traders and dime lot micro traders, but there is no one anywhere on the face of this earth who trades TAH style with real dough on the line and survives, forget about making enough to live on.


The problem here in this thread is that most of the newbs who come here have dreams of trading and producing a substantial income.


They watch your style and think "that must be the way."


Then they blow up and we never hear from them again.


You can keep trading in the land of demos and dimes, but you will never be a $10 or $20 or $30 per pip real money trader trading your style. As Sonic said a few weeks back about your style, no way would you go 200 pips into a loss adding loser to loser if it was really costing you $10 or $20 or $30 per pip, giving you an open $2000 or $4000 or $6000 loss. Sure, as a dime trader its no big deal, because you are only down $20 or $40 or $60. And as a demo trader, you are taking no risk and no loss at all!


But no way could anyone trade real money for substantial profits trading in your style as they would have to sit through substantial losses causing margin call upon margin call until they had no money left. Your style just does not work in the real world, and until you stop demo trading or move up from trading dime lots to ten dollar lots you will not accpet this fact.

But it is a fact.
  • #25,842
  • Sep 1, 2011 7:12am Sep 1, 2011 7:12am
Quoting traderathome
Heck no! There isn't any money it this!.....I'm trading in nano-micro-mini lots.
(I think there's enough here to buy the wife a pack of cigarettes.....)
i remember that post. with nano lots, i guess it's $ 0.01 per pip then
  • #25,843
  • Sep 1, 2011 7:12am Sep 1, 2011 7:12am
We'll miss you Sonic, have a good one. You earn it
  • #25,844
  • Sep 1, 2011 9:17am Sep 1, 2011 9:17am
GBPUSD, stopping volume just formed on 15 min
sorry for no charts.
  • #25,845
  • Sep 1, 2011 10:34am Sep 1, 2011 10:34am
Quoting nikim
GBPUSD, stopping volume just formed on 15 min
sorry for no charts.
hi nikim

how would you know there is a stopping volume? i still do not get the stop volume indicator
  • #25,846
  • Sep 1, 2011 10:36am Sep 1, 2011 10:36am
Quoting ddaytrader
Sonic would never have traded like you do.


Your style is fine for demo traders and dime lot micro traders, but there is no one anywhere on the face of this earth who trades TAH style with real dough on the line and survives, forget about making enough to live on.


The problem here in this thread is that most of the newbs who come here have dreams of trading and producing a substantial income.


They watch your style and think "that must be the way."


Then they blow up and we never hear from them again.


You can keep trading...

hi dd

I recall from oneof your posts that we have to choose the quality of our trades. How to know if the trade we are gonna make will have a higher probability of being a good one. And also, how do you know if it's a SonicR or Sonic Scout or whatever?

thanks
  • #25,847
  • Sep 1, 2011 10:45am Sep 1, 2011 10:45am
Quoting shujiXakira
hi nikim

how would you know there is a stopping volume? i still do not get the stop volume indicator
You have not a stop volume indicator becaouse it don't exist...There isn't any indicator that say you when the PA will stop.

Some vol indicator mean hight trading activity it don't mean the PA is stopping...after some high acitivy bars you can think the movement is over but it's just a subjetive thing...i just know one person that gets to read the "stopping vol": sonic.

Regards,
Nando.
"Being picky only cost your time - not MONEY"...Hans
  • #25,848
  • Sep 1, 2011 11:11am Sep 1, 2011 11:11am
Quoting nando_rich
You have not a stop volume indicator becaouse it don't exist...There isn't any indicator that say you when the PA will stop.

Some vol indicator mean hight trading activity it don't mean the PA is stopping...after some high acitivy bars you can think the movement is over but it's just a subjetive thing...i just know one person that gets to read the "stopping vol": sonic.

Regards,
Nando.
hi nando

thanks for your reply. How does sonic able to read the "stopping vol"?
  • #25,849
  • Sep 1, 2011 11:59am Sep 1, 2011 11:59am
Ddaytrader you will surely like that,,,

Enjoy
aligater
Attached Image (click to enlarge)
Click to Enlarge Name: 20110901-pmvr-113kb.jpg Size: 114 KB
born to speculate
  • #25,850
  • Edited 9:15pm Sep 1, 2011 7:12pm | Edited 9:15pm
Quoting ddaytrader
Sonic would never have traded like you do.


Your style is fine for demo traders and dime lot micro traders, but there is no one anywhere on the face of this earth who trades TAH style with real dough on the line and survives, forget about making enough to live on.


The problem here in this thread is that most of the newbs who come here have dreams of trading and producing a substantial income.


They watch your style and think "that must be the way."


Then they blow up and we never hear from them again.


You can keep trading in the...
Geez! One more time.....

1. No SL, moving SL, holding renegade trades is high risk.
2. I have repeatedly advised no one else trade this way.
3. It has been an experiment.
4. It requires multiple accounts.
5. It requires trading very small relative to size of accounts.

I have stated it before, will repeat it again now, and will probably have to repeat it again in a few months,..........I have traded these trades very small relative to accounts!

Ok. Now regarding current trading, I am committed to classic Sonic R. This week alone I have had 5 of 10 trades closed via SL because I did not whimsically move, or kill the SL.

It is totally proper to make a trader's call to give a trade more breathing room. Sonicdeejay himself posts about setting a wide SL in the face of high volatility. Sometimes the trader might already be in a trade with a tight SL, and then a period of high volatility will necessitate that the SL be moved further out.

All I did with my trades yesterday was to widen the SLs at the event of increased volatility, following the spirit of Sonic's teachings. I noticed a large spike on UJ, but not yet so large on EJ, and I posted on it. And I also moved SLs on my trades, believing the volatility to be an aspect of the "Market's" posturing for Friday. Such a call is the responsibility of a thinking trader, and totally within the spirit of Sonic's teachings and examples provided in his own trading.

Regards,
-tah
  • #25,851
  • Edited 9:21pm Sep 1, 2011 8:03pm | Edited 9:21pm
Quoting Akkersson
Oops picture is here
Akkersson and alrightfrank, I saw your posts about trading UChf long. I looked at the Day chart and saw something interesting.

In just the last two days, the Market has brought the price from the Range Week High mark down to the Range Week Low mark,......just two days! And this is over the two days preceding the last day of the week, Friday,....not just any Friday, but NFP Friday!!!

A bit of speculation on my part, the market has quickly brought the price down so it will have that additional room to run back up before having to break out upside into new territory. The market makes money both ways. In this manner, they made money down, and might run it back up to make money again, all without having to test new territory. The NFP release might be the catalyst for the upwards move.

I too, had a UChf long trade, which got stopped out for a 60 pips loss. I think we were right, but came to the party before it began. Let's see what the market does with the price over the next several trading days. If price goes right back up, we were early, and the market just had a different plan.
Attached Image (click to enlarge)
Click to Enlarge Name: # sept 1, 2011 - 001.gif Size: 22 KB
  • #25,852
  • Sep 1, 2011 9:13pm Sep 1, 2011 9:13pm
Quoting traderathome
Akkersson and alrightfrank, I saw your posts about trading UChf long. I looked at the Day chart and saw something interesting.

In just the last two days, the Market has brought the price from the Range Week High mark down to the Range Week Low mark,......just two days! And this is over the two days preceding the last day of the week, Friday,......NFP Friday!!!

A bit of speculation on my part, the market has quickly brought the price down so it will have that additional room to run back up before having to break out upside into new territory....
thanks for your info sir, thats why we should always incorporate risk management on every trade got stopped out on BE, though i have a quite tight SL on that trade.
  • #25,853
  • Edited 9:52pm Sep 1, 2011 9:35pm | Edited 9:52pm
AU:

This is a current example of a SonicR PA wave and short setup.

1. It is not London session yet. Higher risk.
2. PA wave is proper, H-L-LH.
3. PA wave Leg #1 took price thru Dragon. This is good, a recommendation set forth by Basber.
4. PA wave Leg #3 shows bounce off S&R.
5. The Dragon is angled down.
6. PA at entry area is below Dragon (for shorting), and also below the Trend line (if you are using the Trend line).
Attached Image (click to enlarge)
Click to Enlarge Name: # sept 1, 2011 - 003.gif Size: 32 KB
  • #25,854
  • Sep 1, 2011 9:44pm Sep 1, 2011 9:44pm
Quoting traderathome
AU:

This is a current example of a SonicR PA wave and short setup.
I'd agree with all that - though your SL is bit high for my taste.
Attached Image (click to enlarge)
Click to Enlarge Name: AU.jpg Size: 85 KB
  • #25,855
  • Sep 1, 2011 9:49pm Sep 1, 2011 9:49pm
Quoting ddaytrader
I'd agree with all that - though your SL is bit high for my taste.
Also, if the AU stages a rally from say the 1.069x level, it would, if I am not mistaken, set up a Hans-style fib ABC as price will have returned to the prior BO level. Of course, I am not Hans, so I do not mean to speak for him. However, I always like to see the opposite side of my trade.
  • #25,856
  • Sep 1, 2011 9:52pm Sep 1, 2011 9:52pm
Quoting ddaytrader
Also, if the AU stages a rally from say the 1.069x level, it would, if I am not mistaken, set up a Hans-style fib ABC as price will have returned to the prior BO level. Of course, I am not Hans, so I do not mean to speak for him. However, I always like to see the opposite side of my trade.
hi dd, sorry what do you mean by ABC and BO?
  • #25,857
  • Sep 1, 2011 9:55pm Sep 1, 2011 9:55pm
Quoting shujiXakira
hi dd, sorry what do you mean by ABC and BO?
BO = break out, ABC = Hans's way of identifying important swings to enter on pullbacks/retracements.

It is not SonicR classic, and it is not my way precisely, so I suggest that you go to Hans posts over the last few weeks/months and give them a study.
  • #25,858
  • Sep 1, 2011 10:12pm Sep 1, 2011 10:12pm
Quoting ddaytrader
BO = break out, ABC = Hans's way of identifying important swings to enter on pullbacks/retracements.

It is not SonicR classic, and it is not my way precisely, so I suggest that you go to Hans posts over the last few weeks/months and give them a study.
hi dd, ok will take a look this weekend, right now im devoting my time to study sonicR system. Right now still on page 40+ of this thread..learning the basics first
  • #25,859
  • Sep 1, 2011 10:13pm Sep 1, 2011 10:13pm
Quoting ddaytrader
I'd agree with all that - though your SL is bit high for my taste.
ddaytrader, I don't understand. In post #25738 you wrote, ...

"If you enter short after a high, a low, and a lower higher, then your stop loss goes a few pips above the high itself."

....ok, and now you are suggesting the SL should go lower? Please "unconfuse" my confusion.
  • #25,860
  • Edited 10:36pm Sep 1, 2011 10:24pm | Edited 10:36pm
GU:

This is another current example of a SonicR PA wave and short setup.

1. It is not London session yet. Higher risk.
2. PA wave is proper, H-L-LH.
3. PA wave Leg #1 took price thru Dragon. This is good, a recommendation set forth by Basber.
4. PA wave Leg #3 shows bounce off S&R.
5. The Dragon is angled down.
6. PA at entry area is below Dragon (for shorting), and also below the Trend line (if you are using the Trend line).

An interesting aspect of this setup is that the PA bounce at S&R is also where the 89 sma Trend line is located. BTW, I am using a 89 sma Trend line here, as opposed to the 89 ema Trend line that is standard for Sonic R.
Attached Image (click to enlarge)
Click to Enlarge Name: # sept 1, 2011 - 005.gif Size: 28 KB
28 traders viewing now