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Sonic R. System

  • #30,921
  • Feb 19, 2012 7:22am Feb 19, 2012 7:22am
Quoting traderathome
My Week With Sonic R:

Previous trades- closed two with minor profit, four remain in red.

This weeks trades- 15 closed for 600 pips profit, two remain open in the red 34 pips.


tah


will start posing my charts
:
  • #30,922
  • Edited 8:34am Feb 19, 2012 8:21am | Edited 8:34am
Quoting traderathome
My Week With Sonic R:

Previous trades- closed two with minor profit, four remain in red.

This weeks trades- 15 closed for 600 pips profit, two remain open in the red 34 pips.


tah

Holly Cow.. See u in Monday Mate.. Professor TAH ..

http://i.imgur.com/WE1FO.gif

Sonic
  • #30,923
  • Feb 19, 2012 9:36am Feb 19, 2012 9:36am
for sonicdeejay and tah

Inserted Video
  • #30,924
  • Feb 19, 2012 12:35pm Feb 19, 2012 12:35pm
hey those two links you posted arent working
  • #30,925
  • Feb 19, 2012 12:47pm Feb 19, 2012 12:47pm
Quoting traderathome
My Week With Sonic R:

Previous trades- closed two with minor profit, four remain in red.

This weeks trades- 15 closed for 600 pips profit, two remain open in the red 34 pips.


tah
Impressive Good Sir.
  • #30,926
  • Edited 4:34pm Feb 19, 2012 12:48pm | Edited 4:34pm
Quoting okanemici
Check out this great H and L indi from Ferrufx , it could be a good help to you, it also has an alert when the price breaks a previous L or H
If you are going to post any indicator, okanemici, then just post the .mq4 file for it. But I encourage you to try stuff like that on your own first, before you dump it here on the Sonic R. System thread, just to be sure in your own mind first that the indicator has some real value to Sonikers. BTW, as Dyekid217 already reported, those links come up as "invalid" on Forex Factory.


tah
  • #30,927
  • Feb 19, 2012 1:07pm Feb 19, 2012 1:07pm
TAH, the 600 pips you made, were they all on singles orders or did you double the lots on some of the trades you made?
  • #30,928
  • Feb 19, 2012 1:23pm Feb 19, 2012 1:23pm
Anyways besides what TAH posted I'm finding that the less indicators you have the better. Highs and Lows can be seen with your eyes just OPEN THEM!!
  • #30,929
  • Edited 1:58pm Feb 19, 2012 1:43pm | Edited 1:58pm
Quoting Sgt.forex
Hi Sonicers,
i am about to join this nice looking trading system :-)
Read the first 10 pages and the last 10 pages to get a short overview.
Prepared my charts for next week and now digging through the thread!

At the first pages, a SHI channel is used for better, visual, trend detection.
I added this one to TAH`s template, as it suits me.
I will see how this turns out!
But i have to train spotting HH,H,HL,L,LH and LL chart patterns...
Is their someone who knows a good manual or something like that to get my eyes opened for that!? ;-)

All...
Hi,

Sorry about the wrong links Tah, just trying to improve myself here with your help guys.For those you are not able to easily see the Lows and Highs , like myself ,these indis might be a good help.Those blue and red lines would be also usefull to evaluate if we have a right SL or not and trail the price better . They worked for me as I'm a newbee and trying to follow Sonic rules as well By the way I don't have mq4 versions of them TAH but if you need I can ask help from a friend of mine to decompile them
This week I'll be glad if I make some pips following your trades TAH , thank you
Attached File(s)
File Type: ex4 hhLhhllHll.ex4   6 KB | 532 downloads
File Type: ex4 hhLhhllHll_alert_v5.ex4   9 KB | 481 downloads
File Type: ex4 sangmaneHL.ex4   4 KB | 466 downloads
  • #30,930
  • Feb 19, 2012 2:03pm Feb 19, 2012 2:03pm
Quoting okanemici
Hi,

Sorry about the wrong links Tah, just trying to improve myself here with your help guys.For those you are not able to easily see the Lows and Highs , like myself ,these indis might be a good help.Those blue and red lines would be also usefull to evaluate if we have a right SL or not and trail the price better . They worked for me as I'm a newbee and trying to follow Sonic rules as well By the way I don't have mq4 versions of them TAH but if you need I can ask help from a friend of mine to decompile them
This week I'll be glad if...
Okanemici, yes, please get them decompiled and then post the .mq4 versions. All my code is open and free. I'd expect any Soniker to provide same. Thank you.


tah
  • #30,931
  • Feb 19, 2012 2:09pm Feb 19, 2012 2:09pm
Quoting Flamegs23
TAH, the 600 pips you made, were they all on singles orders or did you double the lots on some of the trades you made?
Flameges23, sometimes I enter "two" of my standard size trade (trade sizes should remain personal on Forex Factory). So, when I post revisions/closings of the trade I will sometimes refer to "Trade #1 and Trade #2", which is letting Sonikers know that I traded twice normal size. Also, posting just one TP usually means a normal size trade, whereas posting more than one TP usually means a corresponding multiple of the normal size trade. The thread continuity for each trade reveals if there is more than one "part" to a trade.


tah
  • #30,932
  • Feb 19, 2012 2:22pm Feb 19, 2012 2:22pm
do you ever have two tp's with your normal size trade like taking half off at tp1 and letting the rest ride or is it always twice your normal trade when you post two tps
  • #30,933
  • Feb 19, 2012 2:48pm Feb 19, 2012 2:48pm
Quoting Dyekid217
do you ever have two tp's with your normal size trade like taking half off at tp1 and letting the rest ride or is it always twice your normal trade when you post two tps
In the past, trade sizes varied quite a bit. Now I try to gauge my optimism about the trade. If not so sure, one part. If more sure, venture two parts and two TPs. Suggest sticking to a "part" size that allows plenty of room for "mistakes" while still allowing ongoing trading. Selection of "part" size should involve some thinking, and reflection, on account size, any maximum R:R ratio desired to be factored in, and greed (which tempts us to enlarge trade size to reduce time to grow account, and can have the opposite results!).
  • #30,934
  • Feb 19, 2012 2:49pm Feb 19, 2012 2:49pm
Quoting traderathome
Okanemici, yes, please get them decompiled and then post the .mq4 versions. All my code is open and free. I'd expect any Soniker to provide same. Thank you.


tah
Will do that , thanks
  • #30,935
  • Feb 19, 2012 3:18pm Feb 19, 2012 3:18pm
Quoting traderathome
In the past, trade sizes varied quite a bit. Now I try to gauge my optimism about the trade. If not so sure, one part. If more sure, venture two parts and two TPs. Suggest sticking to a "part" size that allows plenty of room for "mistakes" while still allowing ongoing trading. Selection of "part" size should involve some thinking, and reflection, on account size, any maximum R:R ratio desired to be factored in, and greed (which tempts us to enlarge trade size to reduce time to grow account, and can have the opposite results!).
yeah for right now idt I could manage to have double the trade size on one pair. I think I like having the diversity with different pairs. Some day I'll venture into that trading style but right now 2% per trade is all I need. Especially when I try and aim for a 2:1 or greater RR it works out well.

Cheers hope we have a good week
  • #30,936
  • Feb 19, 2012 3:37pm Feb 19, 2012 3:37pm
Quoting Dyekid217
yeah for right now idt I could manage to have double the trade size on one pair. I think I like having the diversity with different pairs. Some day I'll venture into that trading style but right now 2% per trade is all I need. Especially when I try and aim for a 2:1 or greater RR it works out well.

Cheers hope we have a good week
"...when I try and aim for a 2:1 or greater RR it works out well." -

Be careful when referring to R:R, which conventionally is used to mean "risk to reward ratio", and so when you say you look for 2:1 risk to reward, or greater, you are saying you look for twice the risk per reward, or greater risk! The convention really is a confusing way to state things in the market. The convention should be "reward to risk of 1:2, or greater" if we are referring to the possibility of greater rewards. To say risk to reward of 2:1 means 2/1, means 2 (risk!). We want that risk, or higher risk?!!!!!! (Oh well, I guess those that set conventions in the market do not have to be literate. )
  • #30,937
  • Feb 19, 2012 3:39pm Feb 19, 2012 3:39pm
haha sorry 1:2***
  • #30,938
  • Feb 19, 2012 3:42pm Feb 19, 2012 3:42pm
Quoting sonicdeejay
Holly Cow.. See u in Monday Mate.. Professor TAH ..

http://i.imgur.com/WE1FO.gif

Sonic
Hey Sonic, I know that was meant for TAH, but it is extremely hypnotic. I may skip trading for a week and just watch that!

  • #30,939
  • Edited 4:05pm Feb 19, 2012 3:52pm | Edited 4:05pm
Quoting Dyekid217
haha sorry 1:2***
Ahem! You do mean to switch from convention and refer to reward to risk of 1:2, don't you (if so, then you need to say so, or others are going to assume you mean risk to reward)? Or, are you going with convention and are referring to half the risk compared to the reward? See the complexity?

Conventionally, you'd have stated, "....RR (risk to reward) of 2:1 or less!", correct gramatically and mathematically meaning the risk is to be twice the reward or less than twice the reward.

Now you see why I don't bother with such crap! If I view the trade as having decent prospects (classic Sonic R. System trade) I take it, set the SL per Sonic R., and let 'er rip. I don't waste my time disqualifying such a trade just because the SL is wide compared to the TP(s) I set.
  • #30,940
  • Feb 19, 2012 4:00pm Feb 19, 2012 4:00pm
Sorry I'm not really clarifying myself lol.. lazy sunday afternoon. Or I just have my mind on other things mainly this for you all you sports fans!!

http://thegospelcoalition.org/blogs/...Jeremy-Lin.jpg

really meant 1:2 risk to reward. So tp will be double the size of the SL! so it will take 2 losses to whipe away 1 win. Less risk more reward
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