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Sonic R. System

  • #26,561
  • Sep 19, 2011 6:44am Sep 19, 2011 6:44am
Euro is trying hard...

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Sonic
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  • #26,562
  • Edited 7:28am Sep 19, 2011 7:10am | Edited 7:28am
Quoting Domas4
Sorry. I removed the word method.



That's the thing. Your mistakes become your way of trading. It becomes hard to separate the two. Ask yourself when was the last time you have done a mistake or have been proven wrong.
You are making no sense at all, Domas4. Everyone "makes mistakes". Show me any trader with 100% winning trades. There are none.

I have had losing trades. So have you. So has everyone here. So what? You are trying to equate what I sometimes see in a particular way (that might be different than the way you see it) as my "method" for trading. It is not. My first EU entry Friday was pure SonicR. My second EU entry was SC. And again, my EU trade is not a mistake. Neither was my viewpoint. I never attempted to predict that EU would drop. Maybe I should have. I only made an observation as to what the spike up might have been about IF EU later dropped. EU is now down over 150 pips from Friday's close. You don't have to believe that maybe some BBs ran the price up on Friday to build a short position because they had a strong idea EU might later drop. Neither do I have to believe that. It is just an observation. It is not a trading method. However, the activities I described in my observation do fall within the scope of real trading activities of high powered forex trading concerns. And the future PA that would have been expected by any that involved themselves in such activites did later come to pass.

And, you are trying to tell folks that heavy hitters in the forex market NEVER drive the price thru levels to run stops and to trigger pending orders into the market. Do you yourself really believe that never happens? Maybe you should read about Livermore's stock trading escapades. It is a real insight into what goes on in the markets, way back then, and much more easily done today.

Regards,
-tah
  • #26,563
  • Sep 19, 2011 7:31am Sep 19, 2011 7:31am
Quoting ddaytrader
[...] the reason to argue on behalf of the rules is that we need to set a proper path for newbies to the system.[...]
How I wish I was set on a proper path immediately after I got into FX. That would have saved me a lot of money. I shuffled through the posts from two years ago when I joined Forex Factory back in 2009, look what I found:

http://www.forexfactory.com/showthre...67#post2848267
http://www.forexfactory.com/showthre...10#post2858410
http://www.forexfactory.com/showthre...19#post2953219

These posts were in E/U thread. Silly me, I traded the way everyone else did and lost all my capital. Ironically, I analyzed TAH's charts for wisdom, just because they looked good. So yea, that proves your point that there are dangerous posts and there are helpful posts, which might destroy or help newbies.
cut losses short, let profits run.
  • #26,564
  • Sep 19, 2011 7:33am Sep 19, 2011 7:33am
Friday is known as a stop loss hunt day for a reason. If you take the BBs out of the market it wouldnt even exist anymore, retail traders are little % of the money flow and they dont move the price, BBs move the price and cause whipsaws-im noob and even I know that. As for TAH's trading methods, its hes money and hes experienced trader, if he has balls to trade without SL I dont see the problem, its not our job to judge him, this thread is here to help others not to judge TAH and spread drama across the forum.

Have a good trading week everyone.
  • #26,565
  • Edited 8:05am Sep 19, 2011 7:53am | Edited 8:05am
Quoting HankT
Friday is known as a stop loss hunt day for a reason. If you take the BBs out of the market it wouldnt even exist anymore, retail traders are little % of the money flow and they dont move the price, BBs move the price and cause whipsaws-im noob and even I know that. As for TAH's trading methods, its hes money and hes experienced trader, if he has balls to trade without SL I dont see the problem, its not our job to judge him, this thread is here to help others not to judge TAH and spread drama across the forum.

Have a good trading week everyone....
HankT, yours is a truthful post.

I'd like to clear up a recurring issue. Some here erroneously refer to observations, or viewpoints, as a trading method. They are not, certainly not mine. My past trading method(s) are not my current trading method. My current trading method may not be my future trading method. Things can change. And no one knows what changes the future can bring. However, as far away from SonicR as my money management has been previously, it is not so now. And all the while, most of my trades have been of the SonicR genre, just too many in the asian session that were held once they turned against the trade. Critics here have really ignored the actual history of my trades, all of which are fully documented here, and of which most came profitable. Yes, I had to hold some quite a long time to achieve profit, but that was exactly what the money management experiment was all about.

Those that argue that my MM in the past has not been of SonicR are correct.

Those that argue that my trading in the past has not been of SoncR setups are partly correct, but mostly not correct.

Those that say my viewpoints and observations are my trading method are totally not correct.

There is a lot of misinformation being posted by others. They don't have to agree with some of my observations, but there is no excuse for them to post misinformation.

I am of SonicR. They are of SonicR. I guess in order to be "accepted" you not only have to be of SonicR, you also have to believe the way they believe, on every score.

Regards,
-tah
  • #26,566
  • Sep 19, 2011 8:00am Sep 19, 2011 8:00am
GU:

This is another GU trade. I already have another one running.
EP= 1.5708.

If PA breaks below the previous lows, we could really have some more nice downside. My TP is within the day range. My SL is probably not as wide as it should be, and might have to be moved if a whip up comes into play.
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  • #26,567
  • Edited 8:54am Sep 19, 2011 8:34am | Edited 8:54am
Quoting Domas4
How I wish I was set on a proper path immediately after I got into FX. That would have saved me a lot of money. I shuffled through the posts from two years ago when I joined Forex Factory back in 2009, look what I found:

http://www.forexfactory.com/showthre...67#post2848267
http://www.forexfactory.com/showthre...10#post2858410
http://www.forexfactory.com/showthre...19#post2953219

These posts were in E/U thread. Silly me, I traded the way everyone else did and lost all my capital....
Domas4 (and ddaytrader, too), all this post proves is that entry into the forex market, and subsequent time spent there, leaves no one unchanged.

And you two find this a surprise, and a negative?

It is laughable that the two of you see it that way!

Well, Sonicdeejay has a very good trading system, the Sonic R. System. And here the two of you are. Me to. I sincerely hope the two of you will stop all of your crap, respect the thread, and get back to the business of trading. I don't deride and attempt to discredit someone that expresses thoughts different from mine, and neither should the two of you.

Regards,
-tah
  • #26,568
  • Sep 19, 2011 8:53am Sep 19, 2011 8:53am
Quoting traderathome
You are making no sense at all, Domas4. Everyone "makes mistakes". Show me any trader with 100% winning trades. There are none.
I am really trying to make sense, but I am starting to think that my communication abilities are limited when trying to convey another perspective.

Quoting traderathome
And, you are trying to tell folks that heavy hitters in the forex market NEVER drive the price thru levels to run stops and to trigger pending orders into the market. Do you yourself really believe that never happens?
So you believe in market manipulation, good. Then why do you trade? If market is manipulated by bad people, you think you can outsmart them? If you believe in manipulation and conspiracies then technical analysis is not for you. As long as you have this perspective, there is nothing I or anyone else can say or do to convince you otherwise.

Quoting traderathome
My second EU entry was SC.
Here you say your second entry was SC, which is Sonic Scout, which is another form of inability to take losses. If you agree that adding to losing position is bad, then why continue this 'experiment'? And it's not a new 'experiment'. It has been done by me and every other newbie who added to his loses in order to average losers. Burned enough to understand that it doesn't work.

Quoting traderathome
My SL is probably not as wide as it should be, and might have to be moved if a whip up comes into play.
This is funny. Why the hell you need SL then? You drew the waves ok, you placed the SL ok and then you say you will remove it if trade goes against you. What if it's not a whip up - it's a slow move upwards? Would you still move your SL?

This is my last post regarding this theme. I think there is enough information in thread already for people to distinguish correct and incorrect way.
cut losses short, let profits run.
  • #26,569
  • Sep 19, 2011 9:04am Sep 19, 2011 9:04am
Quoting Domas4
I am really trying to make sense, but I am starting to think that my communication abilities are limited when trying to convey another perspective.



So you believe in market manipulation, good. Then why do you trade? If market is manipulated by bad people, you think you can outsmart them? If you believe in manipulation and conspiracies then technical analysis is not for you. As long as you have this perspective, there is nothing I or anyone else can say or do to convince you otherwise.



Here you say your second entry was SC, which is...
Domas4,

1. You communicate just fine.

2. Yes, the market is manipulated (in the manner I outlined). Then why do I trade? I trade because price manipulation (as I outlined) is a good thing, not a bad thing.

3. Try telling Sonicdeejay that his SC entry technique is just another form of inability to take losses! I am sure he'll get a good laugh at that.

4. It is no secret that I am recently into using a SL. I try to set them close, but there are times when I do so that I think better of that, and move it wider. I am learning to use the SL. So, like ddaytrader, just go ahead and crucify me for not immediately and always doing it YOUR way. Maybe I should just initially set the SL real wide, like Sonic himself frequently does.

Thank you for making that your last post on this theme.


Regards,
-tah
  • #26,570
  • Sep 19, 2011 9:13am Sep 19, 2011 9:13am
Quoting traderathome
3. Try telling Sonicdeejay that his SC entry technique is just another form of inability to take losses! I am sure he'll get a good laugh at that.
Ok, one more things regarding point 3. Can you give me a link where sonic trades Sonic Scout so that I can study it? I haven't seen one.
cut losses short, let profits run.
  • #26,571
  • Sep 19, 2011 9:13am Sep 19, 2011 9:13am
-DOUBLE POST.-
cut losses short, let profits run.
  • #26,572
  • Sep 19, 2011 9:15am Sep 19, 2011 9:15am
Care ful if u wanna add short...
See some vol..

Not long either..no wave up..


Sonic
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  • #26,573
  • Sep 19, 2011 9:18am Sep 19, 2011 9:18am
Quoting Domas4
Ok, one more things regarding point 3. Can you give me a link where sonic trades Sonic Scout so that I can study it? I haven't seen one.
Domas4, to the best of my recollection Sonic began talking about the SC entry back in May, maybe around mid-May. I am not exactly sure. You might try going thru Sonic's posts starting back around then, looking for his mention of SC.

Regards,
-tah
  • #26,574
  • Sep 19, 2011 9:28am Sep 19, 2011 9:28am
Quoting traderathome
GU:

This is another GU trade. I already have another one running.
EP= 1.5708.

If PA breaks below the previous lows, we could really have some more nice downside. My TP is within the day range. My SL is probably not as wide as it should be, and might have to be moved if a whip up comes into play.
GU:

TP is reached. This separate account trade is closed.

EP= 1.5708
Close= 1.5634
Net profit= 70 pips

For the record, this was a classic Sonic R. trade.
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  • #26,575
  • Sep 19, 2011 9:38am Sep 19, 2011 9:38am
Quoting traderathome
Domas4, to the best of my recollection Sonic began talking about the SC entry back in May, maybe around mid-May. I am not exactly sure. You might try going thru Sonic's posts starting back around then, looking for his mention of SC.

Regards,
-tah
Found it. So the conclusion was, and I quote:

SS = risky..
SL hit..
Done for the week..
Sonic

http://www.forexfactory.com/showthre...30#post4633030

P.S. I don't see him trading SS today, do you?
cut losses short, let profits run.
  • #26,576
  • Sep 19, 2011 9:40am Sep 19, 2011 9:40am
Quoting traderathome
EU:

Entered short, EP= 1.3802. PA has taken on a H&S look. TP2 would be in the right target area for that, even though it is beyond the day range. Anyway, Dragon and Trend are down, PA is below both, good HL sequences, and........this could be failure at a whole number.
EU:

I manually closed this trade. After the initial entry (classic SonicR re-entry), on the subsequent drive up I had added to the trade (SC entry). Both parts are now closed.

EP1= 1.3802
Close= 1.3607
Net profit= 193 pips

EP2= 1.3837
Close= 1.3607
Net profit= 228 pips
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  • #26,577
  • Edited 10:01am Sep 19, 2011 9:51am | Edited 10:01am
Quoting traderathome
GU:

Trying again, short. Pending EP= 1.5785. Two SLs proposed. One for "quiet" period and the higher for if volatility picks up.
GU:

I have manually closed this trade. It was a classic SonicR, but early in the new day (asian session). I later ended up abiding by the wider SL of the two SLs originally selected. As with my Friday EU trade, late in the day I cancelled the TPs on this GU trade, figuring to wait and see what PA would do this week. I am comfortable with taking profit now.

EP= 1.5785
Close= 1.5646
Net profit= 135 pips

At this point in time, I am "trade free", up 626 pips for the week, and intending to await the next London session.
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  • #26,578
  • Sep 19, 2011 9:53am Sep 19, 2011 9:53am
Quoting traderathome
EU:

I manually closed this trade. After the initial entry (classic SonicR re-entry), on the subsequent drive up I had added to the trade (SC entry). Both parts are now closed.

EP1= 1.3802
Close= 1.3607
Net profit= 193 pips

EP2= 1.3837
Close= 1.3607
Net profit= 228 pips

Sweet...

Sonic
  • #26,579
  • Sep 19, 2011 9:56am Sep 19, 2011 9:56am
Quoting Domas4
Found it. So the conclusion was, and I quote:

SS = risky..
SL hit..
Done for the week..
Sonic

http://www.forexfactory.com/showthre...30#post4633030

P.S. I don't see him trading SS today, do you?
No, Domas4, I do not see Sonicdeejay trading Sonic Scout today (Monday). In fact, Sonic tends to not trade on Mondays as a general rule. As far as his use of the Sonic Scout trade, he has not abondoned it so far as I know. He might feel that recent PA has not been convincing enough for this higher risk entry.
  • #26,580
  • Sep 19, 2011 10:12am Sep 19, 2011 10:12am
Quoting traderathome
EU:

I manually closed this trade. After the initial entry (classic SonicR re-entry), on the subsequent drive up I had added to the trade (SC entry). Both parts are now closed.

EP1= 1.3802
Close= 1.3607
Net profit= 193 pips

EP2= 1.3837
Close= 1.3607
Net profit= 228 pips
Bravo TAH !
Patience is the key.
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