DislikedCare ful if u wanna add short...
See some vol..
Not long either..no wave up..
http://www.forexfactory.com/attachme...3&d=1316441677
SonicIgnored
Sonic
Attached Image (click to enlarge)
- #26,582
- Sep 19, 2011 10:36am Sep 19, 2011 10:36am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #26,584
- Edited 10:57am Sep 19, 2011 10:46am | Edited 10:57am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
got 52 pips profit from e/j short trade today. e/u short sl be+1 hit.
too bad that didn't short the u/j, the waves were quite obvious, u can check u/j chart.
Congratulations, ott256. And nicely illlustrated, too.
Sonikers can check the H1 chart and see that the half number area of your TP is a support area, in case they wonder why you choose to take profit there. It is unclear from the picture if entry was on first pass down thru blue EP line, or if you waited to see if PA came back up to that SR area. It might be interesting to Sonikers to know how you handled that. Either way, it shows you patiently waited for PA to drop thru the SR area of your EP. This is in contrast to entering at least several pips beyond the first candle of PA wave leg #3 that exits the Draon, so Sonikers might appreciate comments on your thinking there, too.
- #26,587
- Sep 19, 2011 11:30am Sep 19, 2011 11:30am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #26,588
- Sep 19, 2011 11:46am Sep 19, 2011 11:46am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Hi all,
I am a newbie, just started live trading.
Thank you Sonicdeejay for started this thread, it helps me so much !
and all the contributors (ddaytrader, tah, aligator, basber, domas, and everyone who have posted).
btw, this is my last trade: TP was reached.
Please correct me if i was wrong and just lucky. Any opinion will be very appreciated.
regards,
NT
Congratulations!
Please note that your vertical lines marking the London Open, the NY Open and the London close are not properly located. On your chart they appear one hour later than they should appear. Try reducing the GMT offset number by one and then check against my chart attached.
- #26,590
- Sep 19, 2011 12:27pm Sep 19, 2011 12:27pm
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.
- #26,591
- Edited 2:41pm Sep 19, 2011 1:40pm | Edited 2:41pm
- | Joined Jan 2010 | Status: Trader | 1,354 Posts
"Being picky only cost your time - not MONEY"...Hans
- #26,593
- Edited 7:28pm Sep 19, 2011 5:29pm | Edited 7:28pm
- Joined Feb 2009 | Status: Trading in the Zone | 1,766 Posts
I share/open sonic R to have positive impact on my fellow Sonikers..
Pls keep that in mind...
I too post here to have a positive impact on fellow Sonikers. My definition of "positive impact" is to help them become profitable and smart traders. I thought that was your definition as well.
But here's the problem, Sonic: Because you do not say anything to correct TAH's follies, then you end up having a negative impact on newbies because they think that TAH is an example of how YOU, yourself, sonicdeejay actually trades like TAH trades, and your silence implies that you approve of his trading style, e.g. no stop losses, etc.
You know and I know that you trade nothing like TAH. Since your name is on the door, perhaps you should speak up a bit more as to what is and is not SonicR trading, right?
This thread has become the "TAH Show," and it is SonicR in name only, since for every one SonicR trade posted there are twenty TAH abominations posted.
When this was the SonicR system thread, you were having a real positive impact on a good number of real people who needed the direction. But seriously, most days now when I log in to the thread it looks more like a TAH Journal thread.
Sonic, have you forgotten how easy it was as a newbie trader to be influenced to go down the wrong path just because someone posted complicated charts and spoke with authority and pretended to high knowledge even when there was nothing there but bad habits and ruin and lost money and heartbreak?
The other seniors in this thread can see TAH's follies for what they are - but you know that the junior Sonikers here see nothing but his 10+V and his 10K posts and they think, "Oh this TAH knows his stuff ... I'm going to copy his trading style." And so that is where someone like foxybunny ends up long into NFP without a stop loss and I can only hope he was trading TAH nano-size or that he finally closed out his loser before price moved 1000 pips against him. But you see, Sonic - less senior traders follow TAH. And that can only lead to losses and blown accounts. You know this.
Let me ask you this Sonic: How many new seniors have you added in the last eighteen months? None - because newbies either either blow up or move on to other systems because they can't possibly get this system right when they see the stuff TAH posts and then try to copy him.
You used to have a solid core group of Sonikers posting regularly. Where did they go and why? It has a lot to do with the fact that we are good people who want to have a positive impact on other Sonikers but TAH wears us down; and he has been wearing us down for years.
Look, here is a post from TAH from two years ago:
... Whether trading demo or real, trade a puny amount compared to your account size. If your trades keep geting into trouble, remove your stops and don't do anything! What goes up, goes down....and visa versa. Leave it alone and most of the time you will come back to break even and even a profit...right now the market is full of whipsawing. It is what the Big Guns do to be able to change gigantic positions over time without driving the price too far before they are ready for it to sprint off on a new trend....
"Hi TAH,
With All Due Respect ... I Completely Disagree With You. This Type Of Confidence Gain Will Ruin Traders Behavior In Long Time, Because By Addicting To This Attitude, Trader Get Used To It And Will Start To Believe That His/Her Stop Losses Will Ruin His/Her Account, So He Will Remove SL Completely Off From His/Her Strategies. I Agree With Your Theory, But Addicting To It Cause Several Problems :
After Trader Addicted To This Behavior These May Happen ....
1) When You Are Having a Large Account That You Can Live Your Life Out Of It, Your Position Size Normally Is Larger That 1 Standard Lot. So Imagine That You Entered With 3 Lots. (With 50K $ Account) When Trade Goes Against You About -300 Pips, You'll Be In Loss About 9000$. The Thing Is Human Being Can't Tolerate This Amount Of Loss, So That Will Ruin Ones Confident That Have Been Gained During Demo Or Micro Acounts.
2) If Trader Is Addicted To This Behavior, Imagine That One Time Price Didn't Turn, It Will Burn His/Her Account.
I Might Add That I Burnt Twice My Account By Doing This.
The Problem Is I Don't Believe That If Someone Do It On Demo Account , It Will Be a Temprorary Attitude.
The Thing Is When You're Having Large Accounts (Larger Than 100K $) It's Mentally Hard To See Large Numbers In Negative. I Meant If You Are Trading 1 Micro Lot (0.01 Standard Lot) It's Easy To "See" -100 Pips Because It's Only -10$, But When You're Trading With 10 Standard Lots, It Will Make Your Heart Jump Out Of Your Breast By Seeing -10000$ !! That's Why When Professional Traders Trade With Huge Accounts, They Move Their SL To BE As Soon As POSSIBLE.
In Conclusion, I Personally Don't Suggest This Kind Of Trading, Because I Myself Experienced It And ......
After All, It's Just My 2 Cents
Regards,
Basber
Sonic, if you want to have a positive impact on more junior sonikers who will stay in the game long enough to make a profit and become the next batch of senior Sonikers, then you need to reassert yourself as the master of this thread and put TAH back into his place as a student. Because right now he is masquerading as a master and leading others astray. Those words posted by Basber, and the ones more recently posted by Aligater, ddaytrader, and Domas should have been spoken by you.
I have said my peace, and I mean everything I say with nothing but respect for you, for my fellow senior Sonikers, for those junior to the system who have high hopes for their future trading forex, and for TAH as well.
If no one is going to stand up to TAH and show others why his way is not the Sonic way, then I can only hope that newbies figure it out on their own and put him on ignore until they mature enough as traders to the point where he can no longer influence their behavior.
It is hard to keep posting here when I see TAH constantly undoing all the good that could come out of this thread. I've been back less than three months, and he has already worn me down for a second time.
- #26,594
- Edited 11:16pm Sep 19, 2011 8:48pm | Edited 11:16pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #26,596
- Sep 19, 2011 9:08pm Sep 19, 2011 9:08pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #26,597
- Sep 19, 2011 9:10pm Sep 19, 2011 9:10pm
- Joined Feb 2009 | Status: Trading in the Zone | 1,766 Posts
- #26,598
- Edited 10:08pm Sep 19, 2011 9:24pm | Edited 10:08pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #26,600
- Sep 19, 2011 9:40pm Sep 19, 2011 9:40pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts