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Sonic R. System

  • #26,501
  • Sep 17, 2011 6:15am Sep 17, 2011 6:15am
Just read this news.
http://www.forbes.com/sites/afonteve...idity-bailout/

Is it the right time to short EUR/USD when the market reopens?
  • #26,502
  • Sep 18, 2011 1:48am Sep 18, 2011 1:48am
Quoting traderathome
AU:

Closed trade.
EP= 1.0260
Close= 1.0247
Net loss= 18 pips.

Inserted Video



Watch out this space for msg..

TAH..coz I want u to..
  • #26,503
  • Sep 18, 2011 8:00am Sep 18, 2011 8:00am
Quoting traderathome
Aligater, any opinions you have, that would be of value here, would be those regarding PA. You are the one that is wasting your time here, posting derisive remarks. If you disagree with my interpretation of what that whip up was all about, then step up to the plate and take your best swing. Come forth with some of that elite knowledge you learned in forex classes, to refute what I posted. Don't just sit in the protection of the dugout, shouting names!

Regards,
-tah
ok sorry
GL
born to speculate
  • #26,504
  • Sep 18, 2011 9:02am Sep 18, 2011 9:02am
Quoting sonicdeejay
http://www.youtube.com/watch?v=m3fcgDGLx64


Watch out this space for msg..

TAH..coz I want u to..
Thanks, Sonic.

The words of Winston Churchhill come to mind, ".....never, never, never,......never,..........NEVER,............EVER...QUIT!"
  • #26,505
  • Edited 5:18pm Sep 18, 2011 9:12am | Edited 5:18pm
TAH, none of what follows is meant to be derisive or insulting in nature. I mean everything I say here to help you. Most importantly, I am saying all that follows so that I might help you find a way to help yourself.

TAH, do yourself a favor. I am going to suggest two books for you to read. These books helped me. They have helped hundreds and thousands of traders work through the emotional issues involved in becoming a trader ready not only to do battle in the market, but to win that battle.

The first book is The Disciplined Trader by Mark Douglas. Read this book, not his second book. This is the book you need.

The second book is Why You Win or Lose: The Psychology of Speculation by Fred C. Kelly.


If I were you, TAH, I would get my hands on these two books, log off forexfactory, and spend a week or two reading and thinking about the material in those two books and how it relates to me and how I have been trading. Even Sonic himself has taken extended breaks from the bulletin boards. You need some "Me" time for yourself, TAH. Get those books, find yourself a comfortable nook in which to settle down, and have a blast. You will come back with fresh eyes, fresh thoughts, and a fresh sense of what you have to do do to get it done in the market.


I promise you, TAH, that you will not be wasting your time so long as you read those books with an open mind, and you are willing to be honest and humble both to and before yourself.
  • #26,506
  • Sep 18, 2011 9:28am Sep 18, 2011 9:28am
Quoting Evilmaster
Hi TAH,

Does that mean Sonic will physically look at his first part trade and closes 50% of the open position first, then subsenquently shift his SL to break even level then set TP2 and can go to sleep? May I know what is BE+?

The method that Danpa uses is it like what I describe myself when I was having large part of the winning trades? Trading in the opening of the session and just exit when you see the PA is running out of steam? Take the money and run kinda stragtegy?


Regards,

Evil
It seems the best way to do this is to enter just one order, one SL, and one TP. Once the order is submitted, modify it to set half for TP1 and half for TP2. If TP1 is reached (first half automatically closed) set a new SL for the second half at BE+ . BE+ is simply the price at which you "break even", considering spread, plus make a few extra pips.

The method of taking modest profits that DanPa demonstrated is not linked to trading at a fixed time. DanPa, as should all Sonikers, waited for a proper setup, which could come anytime during the London session.
  • #26,507
  • Sep 18, 2011 9:35am Sep 18, 2011 9:35am
Quoting phi1ipp
That leads us to another dilema. How are you guys, who live in the US, manage to trade during the London session? It's a late night in the US if I'm right.
The London session begins at 3am EST (except for the first week of a London DST changeover, when the London session begins at 2am EST). For US traders, maybe some just trade the second half of the London session when the US session starts. Some might get up in the wee hours of the nlght to check PA, and either stay up or go back to sleep if things are not active. Others might put on the coffee, prop up their eyelids with toothpicks and.................wait!
  • #26,508
  • Sep 18, 2011 10:24am Sep 18, 2011 10:24am
Quoting traderathome
GU:

Stopped out.
SL= 1.5825
EP= 1.5762
Net loss= 67 pips
Sir TAH,

There are 2 suggestions to make.

1. As far as I can see, those trades that taken during Asian turn out to be bad than being good.. So, pls be more choosy..

2. Eventhough we have many pairs avail, we are basically Trading one thing. Either pro or against USD..
That means trading Long on EU is *similar* is to AU long..
So, opening 2 similar positions may double ur risk.. That why when one hit SL, u will see ur another position hit too..u might as open 2 x EU, instead of EU and AU..

Pls think abt it..

Sonic
  • #26,509
  • Sep 18, 2011 10:37am Sep 18, 2011 10:37am
Quoting ddaytrader
TAH, none of what follows is meant to be derisive or insulting in nature. I mean everything I say here to help you. Most importantly, I am saying all that follows so that I might help you find a way to help yourself.



[color=black][font=Verdana]TAH, the BB's trade what they see developing on their charts, looking for important changes in supply & demand, and then they go with the flow. They do not know anything with the level of certainty that you imply. Only retail taders believe it possible...
ddaytrader, thank you for your caring post. It all makes sense, but is too exclusive.

It excludes the explanation for a "run on stops", which is a common occurrance in trading markets. I doubt anyone well experienced in a trading market would refute that there are times when a trading concern will match the imbalance of orders at levels in order to move the price thru those levels. If the levels are down, they are looking to trigger shorts into the market, enabling themselves to take the long side. And they are looking to stop out existing long orders to create extra market liquidity to increase their chance of getting their additional long orders filled at the deeper prices.

And why, one might ask, if the trading concern has no clue as to which way the price will be moving in the near term, would they do such a thing? Why would a trading concern drive the price up in such a manner building a short position, or down in such a manner building a long position, if the trading concern had no clue that the price was going to later move in such a way as to make the position building drive effort worthwhile?

Now, I grant you, that I suggest that the BBs know what is coming. And perhaps if we are to dot every "i" and cross every "t", I should tone it down a bit and suggest only that some BBs must "believe" they have good reason to make any such moves, and thus allow for the possibility that they could be wrong.

I have read the first book, though quite some time ago, but not the second. As you suggest, reading/re-reading might be of benefit, so I will check the library for them.

Don't get me wrong, I do not disbelieve in support and resistance. I whole heartedly believe in them. In fact, the way I see it, a key resistance level played an important part in that drive up some 40+ pips above the whole number, 1.3800. On the H1 attached, I have drawn the R level. On the H4 you can see it earlier, too. Based on this R level, I maintain my premise, which is "if" the price later makes a good move down, then the beforehand drive up was orchestrated for the reasons I stated. Will a good move down ensue? No one knows, but the premise is that some BBs seem to believe so.

Now, look at the PV (price/volume) picture on H1 for the Friday London session. Clearly the greatest trading during the London session is on down bars, and the greatest trading of all is on the largest bear bar of all,.......an engulfing bear bar that immediately followed that drive up. In fact, throughout Friday, including the asian session, the relative highest volumes are associated mostly with tall bear candles. Does that mean the price is destined to make a good move down? No one knows. But, IF it does, then I maintain my premise that some BBs drove the price up beforehand for the reasons I stated, and that they must have felt they had good reason to do so.

Is there an alternative way to look at the drive up? Yes. Up to that point, the PA was clearly bearish. Maybe some BBs decided to wait until the US session started, when the most Bears would be at the table. And they took that time to muster a Bull rally,......which failed miserably! I don't know, is there any OTHER way to look at that drive up? Other than either some BBs drove the price up to prepare for a better move down later, or some BBs picked the worst time to attempt a Bull rally. Is there any other way to look at it? If so, I am all ears.

Regards,
-tah
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  • #26,510
  • Sep 18, 2011 10:42am Sep 18, 2011 10:42am
Quoting sonicdeejay
Sir TAH,

There are 2 suggestions to make.

1. As far as I can see, those trades that taken during Asian turn out to be bad than being good.. So, pls be more choosy..

2. Eventhough we have many pairs avail, we are basically Trading one thing. Either pro or against USD..
That means trading Long on EU is *similar* is to AU long..
So, opening 2 similar positions may double ur risk.. That why when one hit SL, u will see ur another position hit too..u might as open 2 x EU, instead of EU and AU..

Pls think abt it..

Sonic
Agreed. At some earlier time I stated I was feeling it best to bypass asian session setups, and also to focus on EU, and forget the rest. Seems I forgot those feelings. But you are correct, and kindly remind me. For that, I thank you, and will renew my effort to zero in on EU alone, and bypass all but a London session setup.

Thanks again, Sonic.

Regards,
-tah
  • #26,511
  • Edited 11:03am Sep 18, 2011 10:51am | Edited 11:03am
Quoting ddaytrader
You are your own biggest enemy, TAH.

Until you help yourself, you are hopeless.
ddaytrader, I repeat.....

"...I don't know, is there any OTHER way to look at that drive up? Other than either some BBs drove the price up to prepare for a better move down later, or some BBs picked the worst time to attempt a Bull rally. Is there any other way to look at it? If so, I am all ears."

Now, like some others here, you can avoid putting forth a reasonable alternative explanation, or you can put forth a reasonable alternative explanation. If you have one, I really don't understand why you haven't saved a lot of time by simply presenting it. But, better late than never.....

Really, ddaytrader, I am willing and even eager to believe that such price movement occurrances never happen,....that the market is all nicey-nicey and what not. But each time someone shouts at me from the dugout, that is all they do. They NEVER come out of the protection of the dugout, come up to the plate, and offer ANY believeable alternative explanation of any detail!

And, BTW, for some other poster that has a problem here, I am not teaching. I am commenting on PA occurrances, how might they have occurred, what charting lends support to what my thoughts are, and what might they mean given subsequent "confirmation". If any do not want to read such posts, nobody is forcing them to. If any want to disagree, then fine. But at least have a counter-viewpoint. And put some meat into it, please. I am not against being "converted", but not by someone with an opinion, with nothing backing it.

Regards,
-tah
  • #26,512
  • Edited 8:45pm Sep 18, 2011 11:14am | Edited 8:45pm
Quoting ddaytrader
I understand and agree with your sentiments. I have known TAH for a long time, I wish to see him succeed, and I have tried not to be so blunt as you.

But you are right, and it is very disheartening that this thread, in spite of now having three years and nearly 30K posts, TAH and this thread is stuck in 2009.

And TAH's response to my last post show just how far he is from being able to see how wrong he is.

He is an MT4 genius, as far as I am concerned. But his trading posts should be ignored in their entirety - at least by anyone who is new...
ddaytrader, lots of words, yet still no believable alternative explanation have you presented.

As I said, I am willing to be "corrected", but not without a logical alternative explanation with some believable detail. You have not provided it. In fact, you seem to be avoiding it.

Post all you want. Agree with others that deride and hide behind everything but the presentation of a alternative explanation, with believable detail. Such posts of yours simply point out the great extent to which you will defend your position in lieu of providing a believable alternative explanation.

Your posts like this are a prime example of quantity without qualilty. Now you have, once again, resorted to becoming another name caller from the protection of the dugout.

And, BTW, I am not shouting down anyone. There are those that have differing opinions. Some of them, with no facts to support their opinions, bluster to the point of, intentionally or not, deriding someone else. I will speak up for myself, thank you very much. Please note, that I got an apology from aligator. Then, when you chimed in, he promptly forgot his manners and sided with you!

I post viewpoints on PA. And for that I sometimes take punches.

Others post derision, maligning, even slander. Will they be rewarded?


Regards,
-tah

Regards,
-tah
  • #26,513
  • Edited 12:52pm Sep 18, 2011 12:25pm | Edited 12:52pm
Quoting ddaytrader
Every f'ing post I make is an alternative to your view, TAH. Every single one!

But you keep your eyes wide shut, and thus you fail to see what I see and Sonic ses and Muhammad sees, and Domas sees and Basber sees, and Aligater sees, and Hans sees, and Nando sees, and Ott sees.

You want an alternative to your gibberish? Read my trade posts, Sonic's trade posts, Muhammad's and Domas's and Basber's and Ott's and Hans's and Nando's trade posts.

My "many words" were directed at you getting the help you need to be a good trader - you need to work...
ddaytrader, there you go again, justifing your litany by accusing me of teaching. I posted a viewpoint. Have some balls and try it yourself sometime. Just a viewpoint. Don't be afraid that it will solicite all manner of accusations and slander. Try it sometime.

You can always hope that if your viewpoint is not correct, there will be somebody more interested in posting an acceptable alternative viewpoint, than in posting garbage derision and slander.

You keep mentioning others, as though it lends support to your litanies....

Muhammad, which I respect because he keeps to himself and his trading.
Domas4, which I respect because when he has a different opinion, he presents his alternative with believable details.
Sonicdeejay himself, for whom I have the utmost respect for, because he teaches, advises, and presents alternative viewpoints with never a HINT of derision, with never a SINGLE slander!

....and there are others, but you should understand the point. I have made it to you before. You like to jump in and "teach", with long posts that condemn the viewpoint of whomever you are resonding to. The killer is when you deride, and slander by attempting to "lead" others into condemning also. You have a lot to learn about teaching, ddaytrader. Sonic is a class act example to follow. Try it.

However, regarding what you so "ddaytrader like" jumped in on today, a simple believable alternative explanation would have sufficed. Yet, from you it sill comes not....

I am done with responding to you and aligater on this. You two have filled up the airwaves with trash, and failed to answer my question. Go on and say whatever more you want to, and let any readers of all of this decide whatever they want to. I have stepped out and expressed a viewpoint. Like communists, you and aligater would like to gag me, discredit me, and do away with me,......a bury the real issue.

Regards,
-tah
  • #26,514
  • Sep 18, 2011 12:56pm Sep 18, 2011 12:56pm
It gets really hot in here.......

Well this method is one of the hardest to master, because it's so simple. But simple method requires more effort, patience, a lot more self-discipline, judgment and artistry.


Remember, simplicity is ultimate sophistication.
Attached Image
  • #26,515
  • Sep 18, 2011 1:10pm Sep 18, 2011 1:10pm
Quoting ott256
It gets really hot in here.......

Well this method is one of the hardest to master, because it's so simple. But simple method requires more effort, patience, a lot more self-discipline, judgment and artistry.


Remember, simplicity is ultimate sophistication.
Kõik on lihtne, kui asi on selge.

Edu
  • #26,516
  • Sep 18, 2011 1:13pm Sep 18, 2011 1:13pm
Quoting GoldMan.
Kõik on lihtne, kui asi on selge.

Edu
exactly
  • #26,517
  • Sep 18, 2011 1:17pm Sep 18, 2011 1:17pm
Quoting ddaytrader
exactly
Google translater?
  • #26,518
  • Sep 18, 2011 1:21pm Sep 18, 2011 1:21pm
Quoting GoldMan.
Google translater?
Well, I'm not Estonian ... so yes, I cheated.

It is a good saying no matter what language.
  • #26,519
  • Sep 18, 2011 2:11pm Sep 18, 2011 2:11pm
Quoting ddaytrader
The problem, of course, is that TAH has not a clue as to what stands behind PA, and yet he has every newbie who comes in here believing he knows something worth knowing.

TAH can program MT4. I certainly give him credit for that.

But he does not know how to trade.

I doubt he really trades at all, frankly. No one could pull his stunts for as long as he has with real money and still be standing.

TAH is an example of how not to trade.
DD, I'm noone to speak, but I'd like to say that TAH is one of the most active posters here. I can't say I take his setups as the best ones but he and senior sonicers made me think about important things behind simple low and highs.

And I appreciate all of you for your efforts to teach us, juniors

I'm so sorry for TAH, as I understood one day how it's dangerous to wait the market should do what you think. Instead of that you should just wait that market shows you the appropriate picture and then ... ride the wave

Anyway, I hope that you, DD, won't stop posting here good setups?
  • #26,520
  • Sep 18, 2011 2:32pm Sep 18, 2011 2:32pm
Sorry to see the members going into a fight over entries, that maybe should
have been taken or not, in relation on to how we as individuals all look at price action. However this is me and my usual crazy pa lines and charts trading price action.

Regards,
H.
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