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Sonic R. System

  • #26,781
  • Sep 21, 2011 1:11pm Sep 21, 2011 1:11pm
Quoting foxybunny
Hansma, understood don't need dragon for this.

Just that I am still not good at pinpoint the crucial Demand & Supply Zones like Sam, that is why after a Zone area, I would prefer to wait for confirmation with the dragon.
There are many times when I don't take this confirmation, and of course the trades ended up negative instead.
This is why I am still around SonicR thread as still use moving averages.

Definitely need to be even more patient trader waiting for PA to arrive back to these Zone areas.

Geezz my friend - you could become like me SCARY

Just practice and youŽll get there.

All the best
H.
"The future is already written in the past"
  • #26,782
  • Sep 21, 2011 1:20pm Sep 21, 2011 1:20pm
OK read this, all of you, maybe even aligator will stop bitching for a while, we are here to trade, learn and learn.


A Winning Attitude


Everyone wants to be a winner; at least, they think so. Unfortunately, most are not willing to perform the tasks necessary to become a consistent winner.
Winners generally achieve success by being focused on a goal. Being focused allows winners to remain committed to the tasks at hand. Most winners perform a lot of hard work; including a willingness to deal with sometimes mundane duties. Most of all, winners perform with an "I am responsible for both my failures and successes" attitude.
So, where does the would-be trader start to become a success? By focusing on the tasks at hand. Most of all, treat trading as a business. And, as in any business, money management is critical.
Money management, next to trend, is probably the aspect of trading most overlooked by smaller investors. Man, by nature, is an optimistic creature and the amateur trader often acts instinctively. Unfortunately, this instinct or optimism is often the undoing of the smaller trader.
When a person enters a trade, he does so with the hope it will be a winner. When the position goes against him, he keeps thinking (or hoping) "it will come back." He knows he should have a stop in place, but hope keeps telling him to stay just a little longer since everybody knows "you always get stopped out the day the market turns." Eventually, hope turns into frustration, desperation and, finally, panic, prompting the trader to issue a GMO (get me out) order.
If the trader hasn't learned his lesson by this point, he develops the "I have to get it back" syndrome. He generally rushes into another poorly planned trade, throwing good money after bad.
Winners show several different characteristics. They enter the market knowing they can be wrong and, in fact, are wrong as often as they are right. They have learned markets don't run on hope. They understand markets tell them when they are right or wrong. When a trade is losing money and getting worse, the market is telling them to get out. A bad trade is like a dead fish: The longer you keep it, the worse it smells.
When a trade is making money, the market is telling them they are right and to let the position ride. Winners don't add to, or "average", losing positions. They dump the trade and go looking for a new opportunity. Successful investors may add to the winning trades. When ahead, they press their advantage while remembering that at any time the market can turn on them and prove them wrong.
Centuries of trading history have proven that one of the best ways to minimize the loss-inducing impact of emotions - hope, embarrassment, greed - and maximize those traits that increase trading success - clarity, focus, discipline - is through the use of trading rules and tools.
We'll take a look at several specific trading rules in upcoming lessons.

Im kinda sick and tired of reading posts which have nothing to do with trading but insulting others, stop it and be civil. I wonder if you aligator would say all this BS in TAH's face... I saw many of TAH's trades which were winners, most of hes trades are winners, I havent seen any of your trades aligator....

I wont go long on E/U for now 'cos I see still downtrend on larger TF, Im not short either, just waiting for now.
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  • #26,783
  • Sep 21, 2011 1:44pm Sep 21, 2011 1:44pm
Quoting HankT
[...] he develops the "I have to get it back" syndrome. He generally rushes into another poorly planned trade, throwing good money after bad.
That's me alright !
cut losses short, let profits run.
  • #26,784
  • Sep 21, 2011 2:01pm Sep 21, 2011 2:01pm
Hope TAH find any "Sonic R" setup befor FOMC meeting
  • #26,785
  • Sep 21, 2011 2:02pm Sep 21, 2011 2:02pm
Quoting Domas4
That's me alright !
youre funny bro luv ya
born to speculate
  • #26,786
  • Sep 21, 2011 2:38pm Sep 21, 2011 2:38pm
Quoting sonicdeejay
Gents..

I have no much time to write (thx to me full time job and family time) and I want u guys to know..

We have 3 types entry Sonikers must know..

1. Classic Sonic R.
2. Re-entry
3. SS (Sonic Scout)

I think most of us are very familiar with the first two but not the third one..

SS is release solely based on vol and price action on M5/M15 TF..Its RR factor is higher.. I will show more with examples as we trade along..

Sonic
Quoting sonicdeejay
Not yet, SS (Sonic Scout) is a kamikaze...

Quoting sonicdeejay
Scout do not have to obey dragon..
SS will be released purely by S/R and vol observation..
Sonic Scout is short at resistance or long at support with a high RR factor (small tight stop loss = small small risk) and a large TP as measured in multiples of the initial risk. Sam Seiden calls this "profit margin," and he suggests that you should look for a minimum 3:1 profit margin. This means the number of pips from entry to Take Profit is 3x's as many pips from entry to stop loss. This is what Sonic means when he says SonicScout has higher RR factor - a classic SonicR is often 1:1 or 1:2, but a SOnicScoutmay be 1:3 or even more. The trade I posted with a long entry at 1.3606 and a SL at 1.3595 had a risk of 11 pips. TP was 1.3750, for + 144 pips. RR factor =13:1.


Sonic Scout is a Sam Seiden-type trade, e.g. buy limit at support/demand zone, Stop loss below demand zone. It is small risk because you are buying at a potenital turning point, aka pivot point.

SonicR waits for the first rally and pullback from demand zone, then enters if price makes higher high. This is why SonicR has lower RR factor - instead of 10-15 pip stop loss like SOnic Scout, my SonicR trades often have SL that between 30-80 pips, occassionally more. An 80 pip SL with a 144 TP is a RR factor of 1.8. Still a good RR factor, but not as good as Sonic Scout.

Sonic Scout buys with price in the demand zone. If price goes lower, get out, because supply has swamped demand.

As with all Sonic-type trades, we do not add to losing trades in hope of saving a bad trade.

If you see someone adding to his or her losing position, even if the market turns and bails him or her out of that batch of bad trades, do not follow down that path. Pro traders take the first lost and move on. Amateur traders pile on losers and tie capital up for hours and days and weeks because amateurs fear the first loss. The first loss is always the easiest. Having a high RR factor for Sonic Scout is ruined if you add more losers to a losing Scout trade.

SonicR is a good set up. With proper money management you will be profitable.

Sonic Scout, which is really a pure S/R play, is a good set up. WIth proper money management you will be profitable.

Being profitable requires proper money management and assumes that you actually know how to identify SonicR and Scout trades. If you do not know how to tell a SonicR from a choppy range or if you do not know how to identify S/R zones from random out in the middle of nowhere PA you will not be profitable trying to trade these set ups.
  • #26,787
  • Sep 21, 2011 2:56pm Sep 21, 2011 2:56pm
wow, nice...need create a full document.pdf about this
  • #26,788
  • Sep 21, 2011 3:26pm Sep 21, 2011 3:26pm
Quoting foxybunny
DD, how would you get early indications and differentiate between a "Big Wave" versus a "Small Ripple" ?

The only hint of an upcoming Big Wave for me, would be there are upcoming Red Flag news for that currency.
I will answer you by posting a screen shot of a post of mine from way back in December 2009. In this post, I was responding to someone who was attempting to explain price action that day using the words "pump and dump" and attribuing said PA to manipulation by the larger players in the market. I politely countered that what he was calling "pump and dump"was really a simple PA concept known as Support & Resistance coupled with an awareness of range contraction and range expansion.

In short, price action is cyclical - range expands and then contracts. After a sharp movement (Waves), probabilities favor consolidation/contraction (ripples). A leading indicator that the next wave is coming will be that price action increases in volatility.

There is a language of shared meanings that have been used by traders and market technicians for generations: Support & Resistance, Supply & Demand, Range Expansion & Range Contraction, Trending and Range Bound ... If you focus on these concepts and their objective meaning, you will find that with practice, what appears to be mysterious and without explanation becomes clear. It does not mean that you will not have losses. I have my share of losing trades and I make my share of mistakes. But I keep at it ... practice, study, trade, practice, study, trade ...
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  • #26,789
  • Sep 21, 2011 3:43pm Sep 21, 2011 3:43pm
Quoting aligater
youre funny bro luv ya
I wasn't joking. I still have that tendency. So when I experience a loss I oftentimes take a few hour break . I used to do it a lot more in the past, thus I posted my trades in the forum in order to help me keep disciplined.
cut losses short, let profits run.
  • #26,790
  • Sep 21, 2011 3:55pm Sep 21, 2011 3:55pm
Quoting ddaytrader
1) Is SonicR based on objective analysis of support & resistance and waves, or opinions? I think it is objective analysis.
No kidding. I miss the times when I used to wake up in the morning, look at the chart, draw waves, go to forum and every other (now senior) Sonicer would have the same wave analysis as me. Thou, it can be subjective in a sense that not all of us agree about the trading hours. Nevertheless, the core of SonicR is objective and that's what gives senior Sonicers a right to correct and educate newbies.

BTW, I realized I have not yet vouched for you. I thought I did it long time ago... Nevermind, just did it.
cut losses short, let profits run.
  • #26,791
  • Sep 21, 2011 4:07pm Sep 21, 2011 4:07pm
Quoting Domas4
BTW, I realized I have not yet vouched for you. I thought I did it long time ago... Nevermind, just did it.
DD you got myne to , I finished here my destiny , at least I will be remeberd for 1thing I made good ; giving you a -V-

youre the good contrast here , against the other one ..

Regards
aligater
born to speculate
  • #26,792
  • Sep 21, 2011 4:09pm Sep 21, 2011 4:09pm
Quoting Domas4
...I miss the times when I used to wake up in the morning, look at the chart, draw waves, go to forum and every other (now senior) Sonicer would have the same wave analysis as me...
You and me both, brother. To everything there is a "Golden Age." One of the highlights of my life is that I found this thread during its Golden Age.

Here's to hoping that there can be a SonicRenaissance ...
  • #26,793
  • Sep 21, 2011 4:09pm Sep 21, 2011 4:09pm
BTW I took a short 3670


aligater
born to speculate
  • #26,794
  • Sep 21, 2011 4:27pm Sep 21, 2011 4:27pm
Quoting Domas4
BTW, I realized I have not yet vouched for you. I thought I did it long time ago... Nevermind, just did it.
Quoting aligater
DD you got myne to , I finished here my destiny , at least I will be remeberd for 1thing I made good ; giving you a -V-

youre the good contrast here , against the other one ..

Regards
aligater

I thank you both for the "V".

aligater, you do what you got to do ... in spite of what others have said, your tough honesty has been a welcome sight for me. What many do not understand is this: It is the true friend who will cut you down with brutal honesty. It is the temporary hanger-on who willingly shares your blindness, or conceals it from you.
  • #26,795
  • Sep 21, 2011 4:32pm Sep 21, 2011 4:32pm
Quoting aligater
BTW I took a short 3670


aligater
In hindsight, I wish I had gone short when my TP at 1.3750 was filled, but I was out on the road most of the day, and it had not occurred to me to place the order earlier.
  • #26,796
  • Sep 21, 2011 4:35pm Sep 21, 2011 4:35pm
Quoting duyk20
lol, alright

From what I see on 1h chart is decent weakness on eu. I'm staying flat for now but I'll only go long when I see serious strength.
duyk I hope this chart helps you 1H TF

as promised I explane
the weakness you have seen was only a scalp ,
it was contra smart money.
again I hope it helps everyone to understand ......
any Questions are welcome.

Cheers
aligater
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born to speculate
  • #26,797
  • Sep 21, 2011 4:47pm Sep 21, 2011 4:47pm
Quoting ddaytrader
I thank you both for the "V".

aligater, you do what you got to do ... in spite of what others have said, your tough honesty has been a welcome sight for me. What many do not understand is this: It is the true friend who will cut you down with brutal honesty. It is the temporary hanger-on who willingly shares your blindness, or conceals it from you.
Thank you very much Bro...cold water for a thirsty man.
a clever man once said; we all talk about peace the Question is what we do for it...

aligater
born to speculate
  • #26,798
  • Sep 21, 2011 4:55pm Sep 21, 2011 4:55pm
Quoting ddaytrader
In hindsight, I wish I had gone short when my TP at 1.3750 was filled, but I was out on the road most of the day, and it had not occurred to me to place the order earlier.
you can try those
3590 ..3630


aligater
born to speculate
  • #26,799
  • Sep 21, 2011 4:57pm Sep 21, 2011 4:57pm
Quoting aligater
duyk I hope this chart helps you 1H TF

as promised I explane
the weakness you have seen was only a scalp ,
it was contra smart money.
again I hope it helps everyone to understand ......
any Questions are welcome.

Cheers
aligater
Ok, whatever you like, I see your chart don't have volume, so you actually don't know what's weakness, what is strength.

I don't want to get into any fight, so please don't bash me for saying that. Do what you guys think as the best.
  • #26,800
  • Sep 21, 2011 4:59pm Sep 21, 2011 4:59pm
Quoting duyk20
Ok, whatever you like, I see your chart don't have volume, so you actually don't know what's weakness, what is strength.
I do have and I do know
but it doesnt matter you can see everything on chart ;
if you understand what I mean


aligater
born to speculate
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