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Sonic R. System

  • #26,361
  • Sep 13, 2011 3:48pm Sep 13, 2011 3:48pm
Inserted Video
enjoy my life ... and ride the waves - all what I do
  • #26,362
  • Sep 13, 2011 5:21pm Sep 13, 2011 5:21pm
Quoting sonicdeejay
TP1//
SL move near 1.359x

Sonic
Stil holding my small pond trade with proper MM in place..

Sonic
  • #26,363
  • Sep 13, 2011 5:40pm Sep 13, 2011 5:40pm
Quoting foxybunny
Now, your this message makes good sense.
"donīt try to adapt your self on the system.
try to adapt the system on your self." -

"Now, your this message makes good sense. - foxybunny

Wrong, wrong, wrong!!!

The Sonic R. System is clearly defined, and elegantly simple. If you start fiddling around with it, trying to "adapt it to yourself" it will be changed by you, and no longer be the Sonic R. System.

Trade other ways, if you must. But if you are to trade the Sonic R. System, then you need to adapt to it!

Regards,
-tah
  • #26,364
  • Sep 13, 2011 5:55pm Sep 13, 2011 5:55pm
NU:

Entered long.
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  • #26,365
  • Sep 13, 2011 6:12pm Sep 13, 2011 6:12pm
Quoting traderathome
"donīt try to adapt your self on the system.
try to adapt the system on your self." -

"Now, your this message makes good sense. - foxybunny

Wrong, wrong, wrong!!!

The Sonic R. System is clearly defined, and elegantly simple. If you start fiddling around with it, trying to "adapt it to yourself" it will be changed by you, and no longer be the Sonic R. System.

Trade other ways, if you must. But if you are to trade the Sonic R. System, then you need to adapt to it!...
Now don't take it to mean just SonicR System.
I don't mean changing SonicR System.

My interpretation of this message is if SonicR system or any other system does not work for you, you could go find another system that is more suitable to your character, rather than force yourself to adapt to a system.

In regards to SonicR System, itself has also modified over the years, adapting a bit here and there, example of late is like the SonicScout.

Once you find a system that works OK by itself( means a number of traders have good results from a system), and then make sure the system works OK for your character, you could adapt the system with small modifications that more suited to your character if those small modifications bring improvements in results for yourself.

A good system for one trader does not mean it is a good system for another trader.
This is mainly due to different character.

TAH, you also adapt the system with various modifications and experiments.
I also do that.
All traders would do these modifications and experiments at some time.
This is only natural.

Basically, I believe as a trader, it is more important that one needs to know themself on how they work best, and find a trading system that is as congruent to their character as possible.

Of course, certain bad habits still need to be eliminated.
In those situations, it is the trader that must change themself by getting rid of those bad habits , rather than just anyhow change the system.

A trader must differentiate between when it is time to change oneself or time to change the system.
  • #26,366
  • Sep 13, 2011 6:21pm Sep 13, 2011 6:21pm
Quoting foxybunny
...Of course, certain bad habits still need to be eliminated. In those situations, it is the trader that must change themself by getting rid of those bad habits , rather than just anyhow change the system.

A trader must differentiate between when it is time to change oneself or time to change the system.
Most failed traders fail because of bad habits, not a bad system.
  • #26,367
  • Edited 6:33pm Sep 13, 2011 6:23pm | Edited 6:33pm
Quoting foxybunny
Now don't take it to mean just SonicR System.
I don't mean changing SonicR System.

My interpretation of this message is if SonicR system or any other system does not work for you, you could go find another system that is more suitable to your character, rather than force yourself to adapt to a system.

In regards to SonicR System, itself has also modified over the years, adapting a bit here and there, example of late is like the SonicScout.

Once you find a system that works OK by itself( means a number of traders have good results from a system),...
I agree fully that the trader will be challenged to change (bad habits, etc.) when taking on a trading system, in order to not start changing the trading system itself. And that is my point. The Sonic R. System must not be "adapted" by the individual to his/her own personality. The individual can trade other "systems" if it is the case that Sonic R. does not "match" well with them. But if they are to trade the Sonic R. System, then they might need to change themselves, but certainly not change the Sonic R. System!

If anybody were to change the Sonic R. System, it would be Sonicdeejay, and no one else. Yes, he introduced the Sonic S. trade (Sonic Scout, or SC). Even so, he differentiates between it and the classic Sonic R. trade. They are not the same.
  • #26,368
  • Sep 13, 2011 6:31pm Sep 13, 2011 6:31pm
Quoting ddaytrader
Most failed traders fail because of bad habits, not a bad system.
Yes, agreed with this.
  • #26,369
  • Sep 13, 2011 6:34pm Sep 13, 2011 6:34pm
Quoting ddaytrader
Most failed traders fail because of bad habits, not a bad system.
Amen to that! And I should know. It is very easy to "modify", and if that changes the system, it is bad. Do it often enough, and you now have a bad habit.
  • #26,370
  • Sep 13, 2011 7:04pm Sep 13, 2011 7:04pm
Sonic demo trade 13 for me just triggered....AUDCAD short. Criticism welcome.
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  • #26,371
  • Sep 13, 2011 7:07pm Sep 13, 2011 7:07pm
Short EU

EP 1.3667
SL 1.3750
TP 1.3500
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  • #26,372
  • Sep 13, 2011 7:08pm Sep 13, 2011 7:08pm
Quoting Donkey
Sonic demo trade 13 for me just triggered....AUDCAD short. Criticism welcome.
1. U are with general bias::: good
2. Trade time :::: bad
3. Go get sleep if ur in west..

Sonic
  • #26,373
  • Sep 13, 2011 7:14pm Sep 13, 2011 7:14pm
Quoting ddaytrader
Short EU

EP 1.3667
SL 1.3750
TP 1.3500
Still hold EU CT long and see u @ 1.375x

Sonic
  • #26,374
  • Sep 13, 2011 7:20pm Sep 13, 2011 7:20pm
Quoting traderathome
I wonder if that spike was limited to your broker's server/business. If so, I wonder if that represents the broker running stops on it's own clients! If so, is that maybe an indication the broker knows the price is going higher? If you call them, I'd be curious to know how they explain away that extra deep spike on their server.

The spike on GU M15 yesterday end up been tested for its high and its low, ended up the day as a range day for GU.
The price did not go higher after that spike.

Price tested a bit lower than the spike, it tested a bit lower than the previous doji I mentioned.

Did not check with Alpari as it is a Demo chart.
  • #26,375
  • Sep 13, 2011 7:24pm Sep 13, 2011 7:24pm
Quoting sonicdeejay
1. U are with general bias::: good
2. Trade time :::: bad
3. Go get sleep if ur in west..

Sonic
Thanks for feedback Sonic. Do the waves look ok?
  • #26,376
  • Sep 13, 2011 7:27pm Sep 13, 2011 7:27pm
Quoting sonicdeejay
Still hold EU CT long and see u @ 1.375x

Sonic
sorry a noob question sonic

isnt the ddaytrader trade a valid trade ? it made a H-HL-L wave...
if its a valid one, should you not close your trade as you might lose profit?
  • #26,377
  • Sep 13, 2011 7:30pm Sep 13, 2011 7:30pm
Quoting ddaytrader
Short EU

EP 1.3667
SL 1.3750
TP 1.3500
Quoting ddaytrader
SL has been moved to BE at entry. With the rally to 1.370x resistance area and quick drop back below EP, any revisit below there would be a LL.

There is no longer any PA justification to be long here based on an M15 chart unless one got long at or near yesterday's low in the 1.34xx support area.

At this point, this trade has been reduced to a lottery ticket - either I make pips, or I scratch.
What happened with your previous EU-Long ?
Hit BE ??
  • #26,378
  • Sep 13, 2011 7:35pm Sep 13, 2011 7:35pm
Quoting foxybunny
What happened with your previous EU-Long ?
Hit BE ??
About five minutes after I posted that it was stopped at BE. I usually post the terminal window to show the actual EP, so if you loook at the charts posted you will see that my long EP was 1.3640, and price dropped to about 1.361X soon after ... I do not go to break even often - only in CT trades that have waffled back and forth from profit to loss and back several times.
  • #26,379
  • Sep 13, 2011 7:37pm Sep 13, 2011 7:37pm
Quoting shujiXakira
sorry a noob question sonic

isnt the ddaytrader trade a valid trade ? it made a H-HL-L wave...
if its a valid one, should you not close your trade as you might lose profit?
Absolutely a valid trade ... but valid trades can be winners or losers. You have to be magic man or magic woman to close only the ones that will be a loser and keep only the winners.
  • #26,380
  • Sep 13, 2011 7:41pm Sep 13, 2011 7:41pm
Quoting shujiXakira
sorry a noob question sonic

isnt the ddaytrader trade a valid trade ? it made a H-HL-L wave...
if its a valid one, should you not close your trade as you might lose profit?
And look at how all the price action since the bounce from support has been wide and loose and sloppy, but then it tightened up in the High - Low - Lower High wave.

Nice tight controlled PA within the waves is preferable to wide ranging bars that alternate from bull candle and bear candle and back again. Wide bars are indecisive market, small tight bars is a purpose driven market.

Still could be a losing trade, but you have to be in it to win it. Place your bets and let the market decide.

Bedtime here in NYC - good night, Sonikers ...
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