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Sonic R. System

  • #31,221
  • Feb 23, 2012 8:29pm Feb 23, 2012 8:29pm
Quoting okanemici
My finger is ready for this

okanemici, I clicked on your chart but unable to see the details or numbers clearly.

What is your EP, SL and TP ?

From you chart, it seem like your EP is way pass the dragon, like entering very late.

Also, you SL, compare to your TP, seem very far away.
This seem like your SL is like 4-6 times more than the TP ??
  • #31,222
  • Feb 23, 2012 8:42pm Feb 23, 2012 8:42pm
Quoting adler
Hello TAH

Sorry to say , it does not matter what market does tomorrow/day after, what matters is whether you can make money now. Again your short bias from start of the week is proving wrong and the whole week wrecking trades.

Thats why I feel this is a good system, but bringing a subjective bias by looking at news, volume, own judgement will in long run make this system subjective. If we have to be subjective in trading why have rules for a system. Again BAIS, BAIS BAIS is a killer for any system. ?

All the short bias really defeated all...

adler, when you really observe TAH's comments versus his actual entries/exits, you can tell that even though TAH has bias like anybody else in their commentaries, more importantly is that he does make money now with his actual entries/exits.

It is up to you or anyone as a reader to choose what bias they want, whether they figure out on their own bias, follow TAH's bias, or go opposite TAH's bias, ignore any commentaries, or anything.

Note that even to follow Classic SonicR is to mean you have a bias to follow this method.
Bias exists everywhere in any form.

Best is to learn to figure out for oneself than relying on another traders' commentaries.
Learning from TAH, both the good and bad stuff, can improve one's trading.
We are all here is to improve our trading.
  • #31,223
  • Feb 23, 2012 8:45pm Feb 23, 2012 8:45pm
Quoting duyk20

duyk, this is a LAME comment. Agreed with H previously.
  • #31,224
  • Feb 23, 2012 8:56pm Feb 23, 2012 8:56pm
Quoting hansma
Hi Adler,


Learn to trade the price action or setups for yourself - no matter what bias other people have. However I do agree with you that since he is the most frequent poster on this thread, most traders and espcially newbie traders might/tend to follow his speculative bias on the market behavior.

I like to read his stories though, because I have been long enough in this business and can easily dicifer where he might be wrong or right.

My advice to you is - learn to trade one pair - know itīs inīs and outīs how the pair breathes, how itīs...
Hansma, excellent, excellent, excellent post!

Deserves a "5 Start" rating, and can guide me. Thanks so much.

tah
  • #31,225
  • Feb 23, 2012 8:58pm Feb 23, 2012 8:58pm
Quoting hansma
Learn to trade the price action or setups for yourself - no matter what bias other people have. However I do agree with you that since he is the most frequent poster on this thread, most traders and espcially newbie traders might/tend to follow his speculative bias on the market behavior.

My advice to you is - learn to trade one pair - know itīs inīs and outīs how the pair breathes, how itīs rythem is, s/r areas etc.

Regards,
H.

H, wholly agree with your comment in bold.

Recent months, I mainly look and trade E/U.
On minor occassion, may trade another pair.
It really helps just to look at just ONE pair, one chart(in different time frames), rather than eyes wandering here and there on other pairs.

It is like figuring out the behaviour of a child, you need to fully occupied with that one child.

Then put in as full ammunition as you can on that one pair.

Still have a way to go though just to wait for the price to come to me, sometimes I still jump into entries on those enticing Long bars that looks like breakout entries.
  • #31,226
  • Feb 23, 2012 9:03pm Feb 23, 2012 9:03pm
Quoting foxybunny
Every week, trading can be difficult.
It is not due to the high impact USD news this week, don't think there was anything special in terms of USD news this week.
Normally, would still see NFP and FOMC to have more whipsaw impact than any other normal scheduled Red news.

The only real special news this week is the so called agreement by the EU Finance ministers on the Greek Bailout.
This was the main catalyst for this week.

Next week it will be something different or another news.
I think this is about the US dollar. Just look at all the main USD pairs. This is not about the euro, though any good news there and the market is going to react like God himself came down to bless it!
  • #31,227
  • Feb 23, 2012 9:11pm Feb 23, 2012 9:11pm
Quoting adler
Hello TAH

Sorry to say , it does not matter what market does tomorrow/day after, what matters is whether you can make money now. Again your short bias from start of the week is proving wrong and the whole week wrecking trades.

Thats why I feel this is a good system, but bringing a subjective bias by looking at news, volume, own judgement will in long run make this system subjective. If we have to be subjective in trading why have rules for a system. Again BAIS, BAIS BAIS is a killer for any system. ?

All the short bias really defeated all...
Adler, there is no problem here because I myself frequently remind all Sonikers in my posts that "...we don't care. We stick to Sonic R."

tah
  • #31,228
  • Feb 23, 2012 10:42pm Feb 23, 2012 10:42pm
Quoting traderathome
Adler, there is no problem here because I myself frequently remind all Sonikers in my posts that "...we don't care. We stick to Sonic R."

tah
You should also add 'WARNING: Speculation' to your footer

btw, I haven't seen such consolidation since Christmas
  • #31,229
  • Feb 23, 2012 10:42pm Feb 23, 2012 10:42pm
Quoting traderathome
I think this is about the US dollar. Just look at all the main USD pairs. This is not about the euro, though any good news there and the market is going to react like God himself came down to bless it!
Just had a quick look on daily charts of few currencies.

It does not seem to be EUR or USD.

The big move seem like from JPY, and this is also having the impact on other currencies.

Perhaps some JPY money printing or other Jap news that I may have missed out reading recently.
  • #31,230
  • Feb 23, 2012 11:05pm Feb 23, 2012 11:05pm
Long ......
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  • #31,231
  • Edited 11:44pm Feb 23, 2012 11:23pm | Edited 11:44pm
Quoting foxybunny
Just had a quick look on daily charts of few currencies.

It does not seem to be EUR or USD.

The big move seem like from JPY, and this is also having the impact on other currencies.

Perhaps some JPY money printing or other Jap news that I may have missed out reading recently.
Take another look at some of your major USD pairs Daily charts. Over the past 30 days of trading we see the same thing. The price was pushed hard against the USD, then the market went into consolidation. And essentially consolidation means that is when the market changes it's portfolio to be profitable on the next move. In this case, the market has taken the time it has needed to close longs and go short. Why so much time? Because it takes time, and it takes jockeying the price up and down to sucker in the longs so the market can get rid of it's long positions and go short. And why do this change? Because the USD releases have been consistently positive overall in nature, and improving. And the EUR releases have been nothing but crap with a palatable spin put on them.

Some here have complained that I "have had the wrong bias all week", but I can remember plenty of times that even our Master has followed up on some of his statements with something like, ".....was right, only one week too soon!"

This is not an exact science, so it is impossible to be 100% accurate regarding the timing of things. We are dealing with the "market" here. And the market is essentially those powerfully rich and greedy bastards that can, and will, move prices according to their plans to take the money away from all the rest of us. Oh, and yes, central banks, that cater to politics, which is essentially saying the same thing; catering to the powerfully rich. And the "market" can be extremely deceiving. If it was easy to see the "clock" it was going by, we'd all be filthy rich!

Oh, and artx, here is the all important.....
WARNING: Speculative.

......ok?

tah
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  • #31,232
  • Feb 23, 2012 11:41pm Feb 23, 2012 11:41pm
Quoting vaxx
Long ......
Are you just pointing something out, or are you saying you have entered a trade? If this is a statement of entry, that was about 11 hours ago, and outside the London session! Why bother to post it now? And if this is a trade then where are your SL and your TP(s)? As a post of a trade, it is incomplete and therefore worthless to anyone reading this thread to learn the Sonic R. System and it's key elements, so why bother to post it?

You can go back and correct some of this situation by adding the missing elements to your pic.

tah
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  • #31,233
  • Feb 23, 2012 11:46pm Feb 23, 2012 11:46pm
Friday are known to be trend continuous day..

Sonic
  • #31,234
  • Feb 23, 2012 11:47pm Feb 23, 2012 11:47pm
Quoting sonicdeejay
Friday are known to be trend continuous day..

Sonic
....and stop hunting day, too, as I recall you saying!

tah
  • #31,235
  • Feb 24, 2012 12:03am Feb 24, 2012 12:03am
GU:

Failed at one SR area. Now coming down to another. GBP high impact release in about 3.5 hours. USD high impact release in about 9 hours. Should be an interesting day for this one.
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  • #31,236
  • Feb 24, 2012 12:16am Feb 24, 2012 12:16am
Quoting sonicdeejay
Friday are known to be trend continuous day..

Sonic
Quoting traderathome
....and stop hunting day, too, as I recall you saying!

tah
From time to time checking the posts here, i test sonic system v3 and the result very near to my system result.

Very good traders and an excellent thread
  • #31,237
  • Feb 24, 2012 12:29am Feb 24, 2012 12:29am
AU:

Sonikers, here is a trick question. Is this a valid Sonic R. short setup, yes or no? You should have at least three reasons (do you know the basics?).

tah
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  • #31,238
  • Feb 24, 2012 12:40am Feb 24, 2012 12:40am
Quoting traderathome
AU:

Here is a trick question. Is this a valid Sonic R. short setup, yes or no? You should have at least three reasons.

tah
hmm, 1) dragon up 2) I'd like to see it on M15 3) they are still before morning coffee in London 4) I wish to see 1st leg at least crossing the dragon (but I think it's not the strict requirement, is it?)

...I'd also watch out - strong SR at the current price
thanks for comments
Art.
  • #31,239
  • Feb 24, 2012 12:43am Feb 24, 2012 12:43am
Quoting traderathome
AU:

Sonikers, here is a trick question. Is this a valid Sonic R. short setup, yes or no? You should have at least three reasons (do you know the basics?).

tah
Hi Tah,

My answer is NO.

Reason1: Leg 1 is not bisceting the Dragon
Reason2: PA is about the Tread Line
Reason3: Its not on M15

and one bonus reason

Reason4: We are not yet in London Session.

Arun.
What Goes Up Must Come Down, But When?
  • #31,240
  • Feb 24, 2012 12:45am Feb 24, 2012 12:45am
This looks like its setting up to be a potential short. Especially with the long consolidation period prior to the setup forming.
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