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Sonic R. System

  • #33,961
  • Apr 24, 2012 9:58am Apr 24, 2012 9:58am
Quoting scuderia
TAH. I have some problems with the template. It doesn't show the pivot. can you help me with this issue? thx
Read the user notes in the compile as instructed in the releasing post.
  • #33,962
  • Apr 24, 2012 10:04am Apr 24, 2012 10:04am
GU:

Jayjonbeach alerted us to the longer term possibilities of this one. Seems this is a market predictor today because it stayed up while EU headfaked down and whipped back up (again, I believe to kill shorters as Master Sonicdeejay said of Friday's move up).

Anyway, this is looking like it might set up for a short. Waiting to see. Of course, if this starts down, so too will EU most likely do the same.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: apr 2012 - 106.gif Size: 39 KB
Click to Enlarge Name: apr 2012 - 107.gif Size: 42 KB
  • #33,963
  • Apr 24, 2012 10:04am Apr 24, 2012 10:04am
Quoting duyk20
You are da man! I don't get it Sonic, price is ranging around the dragon, what's the rationale behind your decision for taking the long? A strong push through the dragon?
Sonic, i am also interested in an answer to this question. From the attached pic, I saw 2 short setups, and without seeing the two bars circled in red, I cant see a way of knowing that the setups were "false".

I am confused. Would someone be so kind as to explain if they saw different?
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.jpg Size: 112 KB
  • #33,964
  • Apr 24, 2012 10:10am Apr 24, 2012 10:10am
when you are confuse the best choice is stay off trade and visit next resort center.....cool
  • #33,965
  • Apr 24, 2012 10:12am Apr 24, 2012 10:12am
Quoting japfx
when you are confuse the best choice is stay off trade and visit next resort center.....cool
Not trading, still learning, hence cant let confusion lie without conclusion
  • #33,966
  • Apr 24, 2012 10:13am Apr 24, 2012 10:13am
Why did Master Sonicdeejay take the EU long trade?

Answer:

Look at the tall green volume bar and the tall green candle that went with it, one TF before he entered. And this was a bounce up off the HALF NUMBER, which is significant SR, as well as a bounce up off the central pivot for the day. (And I was asleep. Oh well.)
Attached Image (click to enlarge)
Click to Enlarge Name: shi3.gif Size: 81 KB
  • #33,967
  • Apr 24, 2012 10:19am Apr 24, 2012 10:19am
Quoting traderathome
Why did Master Sonicdeejay take the EU long trade?

Answer:

Look at the tall green volume bar and the tall green candle that went with it, one TF before he entered. And this was a bounce up off the HALF NUMBER, which is significant SR, as well as a bounce up off the central pivot for the day. (And I was asleep. Oh well.)
Thanks TAH.

If you see something like this play out and you are short, do you just take as a caution or already as an indication to start covering or exit short positions?
  • #33,968
  • Apr 24, 2012 10:24am Apr 24, 2012 10:24am
Quoting traderathome
EU:

SL hit for 26 pips loss EP= 1.3157 to SL= 1.3183. Nice thing to wake up to in the morning (arrrgggg!)
I know you are a veteran here, just sharing my thoughts for the board and especially anyone fairly new.

I always think of it like Sales, where I worked 20+ years and psychology is a big part of the game, just like here. It's just a NO, and you're that much closer to the Yes. They are both just a numbers game, for me anyway. In Sales you can even psych yourself into being happy with the No, thinking the yes is just that much closer. In trading if your RR is good, your "yes's" are always much bigger than your "no's" so when your method is good, a nice big win is right around the corner since you are winning at least 50% of the time or more on average.

So it's a nice small loss, which are the best kind and TAH fully executed his plan staying disciplined, which is key for the loss to stay small. Of course in trading we should be keeping a diary and looking especially at the losses, and what mistakes were made if any in order to learn from them. (I would offer angle of the Dragon).

Always remember in this game nothing is more important than protecting your captial, to ensure you live to trade another day.
  • #33,969
  • Apr 24, 2012 10:31am Apr 24, 2012 10:31am
Quoting jayjonbeach
I know you are a veteran here, just sharing my thoughts for the board and especially anyone fairly new.

I always think of it like Sales, where I worked 20+ years and psychology is a big part of the game, just like here. It's just a NO, and you're that much closer to the Yes. They are both just a numbers game, for me anyway. In Sales you can even psych yourself into being happy with the No, thinking the yes is just that much closer. In trading if your RR is good, your "yes's" are always much bigger than your "no's" so when your method is...
Excellent post, jayjonbeach. And you hit the nail on the head, too; the angle of the Dragon was the true story teller here. I mentioned the angle was not down in my post of the setup (about 20 minutes before I entered). At entry, only the tip was just showing a slight bend down. So, this falls in the catagory of NOT being picky! And the price for that was having the SL hit. I was too eager to trade, I think, and I "forgot" about being picky. Forget about "price-volume" stories until the Sonic R. FUNDAMENTALS are all lined up as they should be. THEN, if the price-volume story agrees, so much the better. I was influenced by the price-volume picture, and waved the angle of the Dragon,......Big Mistake!

(On the other hand, Master Sonicdeejay took his long trade without proper wave and with the Dragon angled against him, presumably based on the price-volume situation. And it went very well. I guess the market bows to Master Sonicdeejay!)

Seriously, both myself and Master Sonicdeejay took "improper" trades, based on the Sonic R. System parameters. I didn't get lucky, and he did. But this is not the Sonic R. System way to do things. Just so all Sonicers know this.

Thanks for your post, jayjonbeach,
-tah
  • #33,970
  • Apr 24, 2012 10:43am Apr 24, 2012 10:43am
GU:

Entered short (EP= 1.6130).
Attached Image (click to enlarge)
Click to Enlarge Name: apr 2012 - 108.gif Size: 35 KB
  • #33,971
  • Apr 24, 2012 10:44am Apr 24, 2012 10:44am
http://www.forexfactory.com/attachme...2&d=1335281619
  • #33,972
  • Apr 24, 2012 10:46am Apr 24, 2012 10:46am
Quoting traderathome
Excellent post, jayjonbeach. And you hit the nail on the head, too; the angle of the Dragon was the true story teller here. I mentioned the angle was not down in my post of the setup (about 20 minutes before I entered). At entry, only the tip was just showing a slight bend down. So, this falls in the catagory of NOT being picky! And the price for that was having the SL hit. I was too eager to trade, I think, and I "forgot" about being picky. Forget about "price-volume" stories until the Sonic R. FUNDAMENTALS are all lined up as they should be....
TY TAH. In both Sales and Trading it is very easy to get 'down on yourself', especially if you hit a string of "no's" or losses. So important is the mental game and confidence in your method, in order to shake off the loss and be sure to take the very next good set up in order to keep the odds in your favour and win% intact, something we know you do extremely well BUT many people fail to do.

I forget which book/trader this comes from but it sticks with me, "Never judge yourself by losses, judge yourself by your adherence to your rules".
  • #33,973
  • Apr 24, 2012 10:48am Apr 24, 2012 10:48am
Quoting japfx
I need review please http://www.forexfactory.com/attachme...2&d=1335281619
I don't believe you posted your trade here. I do see that you are active on other threads.
http://www.forexfactory.com/showthre...29#post5604729
We are not a "signals" site, nor do we "advise" on trades of those on other threads in the manner you expect.

-tah
  • #33,974
  • Apr 24, 2012 10:49am Apr 24, 2012 10:49am
Someone just love to "short"..
Let the dragons , waves show and finally the mkt will decide..

Nite
Sonic
  • #33,975
  • Apr 24, 2012 11:00am Apr 24, 2012 11:00am
Quoting sonicdeejay
Someone just love to "short"..

Nite
Sonic
hehe
  • #33,976
  • Apr 24, 2012 11:02am Apr 24, 2012 11:02am
Quoting sonicdeejay
Someone just love to "short"..
Let the dragons , waves show and finally the mkt will decide..

Nite
Sonic
Guess I will have to rewrite the Sonic R. System Summary to include "and finally" as one of the most important non-technical parameters!

-tah
  • #33,977
  • Apr 24, 2012 11:16am Apr 24, 2012 11:16am
EU:

I kept this chart from previous week. I find it interesting that the price is at the same "high mark" area as the preceding two weeks (which is also a low mark from PA history). It is like the market is holding the price up, can't or won't take it higher, and is waiting on the next bearish engulfing candle event.....
Attached Image (click to enlarge)
Click to Enlarge Name: apr 2012 - 109.gif Size: 35 KB
  • #33,978
  • Apr 24, 2012 11:39am Apr 24, 2012 11:39am
traderathome,

Where can I get that indicator showing the session details on your last posted chart's left top corner?
  • #33,979
  • Apr 24, 2012 11:56am Apr 24, 2012 11:56am
Quoting madawa
traderathome,

Where can I get that indicator showing the session details on your last posted chart's left top corner?
Read Post#1 more carefully.
  • #33,980
  • Apr 24, 2012 12:40pm Apr 24, 2012 12:40pm
Quoting sonicdeejay
Someone just love to "short"..
Let the dragons , waves show and finally the mkt will decide..

Nite
Sonic
Nite, learn a lot from you Sonic,

I prefer to watch football tonight: Barcelona vs Chelsea.

Anyone can watch it here: http://www.globestreaming.net/p/home.html

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