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Sonic R. System

  • #29,961
  • Jan 25, 2012 11:54am Jan 25, 2012 11:54am
Quoting traderathome
AU:

Entered short (EP= 1.0502).
http://www.forexfactory.com/attachme...6&d=1327483568

but i cannot see the H-L-LH formation!?
  • #29,962
  • Jan 25, 2012 12:00pm Jan 25, 2012 12:00pm
Quoting samtrade
but i cannot see the H-L-LH formation!?!?

This was all previously discussed.
http://www.forexfactory.com/showthre...69#post5324469
  • #29,963
  • Jan 25, 2012 12:03pm Jan 25, 2012 12:03pm
  •  sam21
  • | Joined Aug 2010 | Status: Soon to be employed by the market | 125 Posts
Quoting traderathome
Actually, they are valid Sonic R. re-entry trades, should you care to take the time to actually read and learn about what the Sonic R. System is.

My SL's, alsways during times of the high impact releases, are gauged, but mental. So, my trades are running. So far, it looks as though prices have simply been whipped back to the SR levels from before today's earlier runs. At times like this the market frequently whips prices 50-100 pips to "reset" for another run. The market's true reaction to the USD high impact releases may not be known for...

how long are you going to hold those losing trades for do you thing that is the way to teach new traders ,to let there losers run...
  • #29,964
  • Jan 25, 2012 12:08pm Jan 25, 2012 12:08pm
Quoting sam21
how long are you going to hold those losing trades for do you thing that is the way to teach new traders ,to let there losers run...
Sam, ask me that question at the end of the week.
  • #29,965
  • Jan 25, 2012 12:10pm Jan 25, 2012 12:10pm
Quoting traderathome
This was all previously discussed.
http://www.forexfactory.com/showthre...69#post5324469
Thanks a lot. Sorry for my overlooking.

Is that a way to plot these BB act so that we can relax part of the sonic in case of these exception?
  • #29,966
  • Jan 25, 2012 12:10pm Jan 25, 2012 12:10pm
  •  sam21
  • | Joined Aug 2010 | Status: Soon to be employed by the market | 125 Posts
ok master at your request
  • #29,967
  • Jan 25, 2012 12:18pm Jan 25, 2012 12:18pm
  •  sam21
  • | Joined Aug 2010 | Status: Soon to be employed by the market | 125 Posts
Quoting traderathome
Sam, ask me that question at the end of the week.

ok weeken i will ask you
  • #29,968
  • Edited 12:29pm Jan 25, 2012 12:18pm | Edited 12:29pm
Quoting samtrade
Thanks a lot. Sorry for my overlooking.

Is that a way to plot these BB act so that we can relax part of the sonic in case of these exception?
Sam, I don't know at this stage what "best" qualification might be applied to see if a non-conforming wave is still acceptable. All I can say is from experience I know when PA has been ranging, and then there is suddenly a "push" like this that "invalidates" a wave, the invalildated setup actually runs quite well.

It is as though the BBs intentionally push PA, run stops in the opposite direction from what they "know" the next bigger move will be. And they do this to "force" PA to limits where they have orders waiting to be filled that will become very profitable when that next bigger move is put on.

In these two cases, however, I could simply have drawn a larger TF wave extending back one or two days, and circumvented the questions.
  • #29,969
  • Jan 25, 2012 12:38pm Jan 25, 2012 12:38pm
  •  sam21
  • | Joined Aug 2010 | Status: Soon to be employed by the market | 125 Posts
Quoting traderathome
Sam, I don't know at this stage what "best" qualification might be applied to see if a non-conforming wave is still acceptable. All I can say is from experience I know when PA has been ranging, and then there is suddenly a "push" like this that "invalidates" a wave, the invalildated setup actually runs quite well.

It is as though the BBs intentionally push PA, run stops in the opposite direction from what they "know" the next bigger move will be. And they do this to "force" PA to limits where they have orders waiting to be filled that...
You are telling me to stick to the sonic rules (REENTRY RULES 7. The RE-ENTRY to a setup occurs when price pulls back to a local S&R area, and then resumes the trade direction. Safest would be to hold re-entry and allow PA to first move past the last significant high or low, for long or short trades respectively.)

I THINK UNTIL YOUR IDEA IS A PART OF THE RULES YOU SHOULD NOT POST IT TOO
  • #29,970
  • Jan 25, 2012 12:40pm Jan 25, 2012 12:40pm
Tah,

I hope your not back to some of your old scemes.

As I see it at this time in moment you are in deep water about 332 pips

on your 3 trades. What person would allow this to happen ?

Even if you trade small according to account size - as you so often claims it´s insane

Also I belive you just broke your own point 6 in your Sonic explanation...

"6. The SL should be positioned in the area from just before the start of Leg #1 to just before the start of Leg #3 of the WAVE, depending on your risk tolerance, judgment of PA volatility, and any other nearby SR level that maybe should be considered. Move it to BE+ ("break even" + a few pips profit) as soon as possible, perhaps after 20 pips movement, and certainly by the time your first target is reached if you are scaling out."


Regards,
H.
"The future is already written in the past"
  • #29,971
  • Jan 25, 2012 3:47pm Jan 25, 2012 3:47pm
  •  sam21
  • | Joined Aug 2010 | Status: Soon to be employed by the market | 125 Posts
Quoting hansma
au....

Same fib story....with the dragon on it

i truly believe dragons are ment for the chinese people to believe in.

But i´m not from china...anyway they are nice to my bank account. Lol

regards,
h.

yea and he is telling that my trade is not sonic r,,,, he prabbly feeling sorry for him self,,,
  • #29,972
  • Edited 4:09pm Jan 25, 2012 3:56pm | Edited 4:09pm
Quoting sam21
You are telling me to stick to the sonic rules (REENTRY RULES 7. The RE-ENTRY to a setup occurs when price pulls back to a local S&R area, and then resumes the trade direction. Safest would be to hold re-entry and allow PA to first move past the last significant high or low, for long or short trades respectively.)

I THINK UNTIL YOUR IDEA IS A PART OF THE RULES YOU SHOULD NOT POST IT TOO
Sam, I think part of the problem here is that you are not reading things carefully.

For example, "Rule 7." says......

7. The RE-ENTRY to a setup occurs when price pulls back to a local S&R area, and then resumes the trade direction. Safest would be to hold re-entry and allow PA to first move past the last significant high or low, for long or short trades respectively.

As you can see, it does not say, "You must hold re-entry and allow PA to first move past the last significant high or low, for long or short trades respectively."

Therefore, my re-entry levels do not violate Sonic R. "rules". And I would appreciate it if you would do your homework, and read more carefully before making reckless statements.

Regards,
-tah
  • #29,973
  • Edited 5:00pm Jan 25, 2012 4:02pm | Edited 5:00pm
Hans, thank you for your concern. But consider this....

Entering this week I had two old GU trades and one not so old EU trade running. I closed the EU trade out for 104 pips gain and I closed the two GU trades out for a total of 104 pips loss. This cleared the board of all trades outstanding prior to beginning the week, and with no loss.

As for the week, prior to the 4 current "re-entry" trades, I have opened and closed 10 trades (8 gained, 2 lost) for a total of 388 new pips gained this week. My 4 "re-entry" trades are currently down 405 pips. I am down only 17 pips for the week. Moreover, if you draw H1 TLs and view H4/Daily SR, you will see why I am not at all worried.

I made a strategic trading error by being in any trade coming into the USD high impact releases. I should not have made any of the "re-entry" trades because anything could have happened. And in this case PA went against those trades which I did not really need to be in. Not having a hard SL was my tactical error, my long time bad habit coming back to bite, which I deserve. I am still not consistently managing SLs very well. Things will come out ok, however.

Regards,
-tah
  • #29,974
  • Jan 25, 2012 4:39pm Jan 25, 2012 4:39pm
Quoting sonicdeejay
Chill there Sir TaH..
Still in asia session..

I believe US session will bring big move as we will b having FOMC..

Sonic
Rollercoaster ride indeed..
Btw.. My good ole long TP is 1.315x..
See if hit..


Sir, TAH thx..

Sonic
  • #29,975
  • Jan 25, 2012 5:04pm Jan 25, 2012 5:04pm
Quoting sonicdeejay
Rollercoaster ride indeed..
Btw.. My good ole long TP is 1.315x..
See if hit..


Sir, TAH thx..

Sonic
Whether or not it gets there, Sonic, that is one whopping good trade you have had running! Congratulations!
  • #29,976
  • Edited 7:33pm Jan 25, 2012 6:38pm | Edited 7:33pm
Quoting nando_rich
My trade yesterday was stopped out (-40pips)...it was my fault because i had marked the 1.2959 to move the [email protected] did but i remove the sl again to the intial point (greedy)...so very bad because i didn't follow my plan.

Anyway no problem while my month is in positive.


Here my plan tomorrow...if something so happen...i'll go long...If not i'll let pass the day.


Regards,
Nando.
Firstly, congrats, for the shortist today.

Following my initial plan, i did...25 pips on this re-entry sonic trade...closed in TP1.

Plan your trade, trade your plan.





Regards,
Nando.
Attached Image (click to enlarge)
Click to Enlarge Name: 25-01-2012-trade_scalp-reentry.gif Size: 20 KB
"Being picky only cost your time - not MONEY"...Hans
  • #29,977
  • Jan 25, 2012 7:37pm Jan 25, 2012 7:37pm
Today we have 2 possible strategies, but i like just the bullish with the trend...yesterday it was just a PB in the UP trend (my opinion)...The short setup gave you more pips, but the long setup was more sure, because it was with the intraday main trend.

I like the Sonic target...it fit with mine: 1.3158.

So let me see what the BB's bring tomorrow


Regards,
Nando.
Attached Image (click to enlarge)
Click to Enlarge Name: 26-01-2012-trade_strategy.gif Size: 28 KB
"Being picky only cost your time - not MONEY"...Hans
  • #29,978
  • Jan 25, 2012 7:42pm Jan 25, 2012 7:42pm
Ben Bernanke 'no rate change' vs Greece's default talk... Big Ben crapped the market more than Euro issues. Meh, wasnt London hours, cant trade when im sleeping.. Nice dragon for longs too...
  • #29,979
  • Jan 26, 2012 1:34am Jan 26, 2012 1:34am
I vote for the short scenario. I know it's not part of the system, but -like yesterday- there is a nice divergence on EU and AU. Let the market decide!
good luck for you!

Quoting nando_rich
Today we have 2 possible strategies, but i like just the bullish with the trend...yesterday it was just a PB in the UP trend (my opinion)...The short setup gave you more pips, but the long setup was more sure, because it was with the intraday main trend.

I like the Sonic target...it fit with mine: 1.3158.

So let me see what the BB's bring tomorrow


Regards,
Nando.
  • #29,980
  • Jan 26, 2012 2:21am Jan 26, 2012 2:21am
Quoting hansma
AU....

Same fib story....with the dragon on it

I truly believe dragons are ment for the Chinese people to believe in.

But I´m not from China...Anyway they are nice to my bank account. LOL

Regards,
H.
Hans, could you please attach the FFCAL indi in your chart ? Thanks,

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
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