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Sonic R. System

  • #34,401
  • May 4, 2012 11:10am May 4, 2012 11:10am
Quoting expresid
Please can somebody explain wahy with NFP worst than expected AUDUSD and USDCAD moved agains reacts of EU;UJ;UCHF; that react in the directions of news? for expirenced traders do u saw AU and UCAD moving in this mode typical to NFP release I mean invers than it supoused to do (like now example)?
Thanx u guys for u time
Regards,
ExpresID
It has been said here, time and again, do not trade news content! Releases are good as signals of a time when there might be high volatility. They are worthless for anything else!!!!!!

Why? We have seen proof enough of over the years that it is not "news", but the "Market" that decides which way prices will move (and for reasons of profit).

You have been provided with the Sonic R. System FFCAL indicator, which does not provide news content, only time and title of releases. It is to be used only as a "heads up" of a time of possible high volatility. The Sonic R. System trades charts, not the bull shit that comes out as "news"!

-tah
  • #34,402
  • Edited 11:45am May 4, 2012 11:19am | Edited 11:45am
Quoting sonicdeejay
Can I not choose neither,,

My fav will be Fight Club..

Sonic
I favor the one where Huey, Dewy and Louie mow Scrooge McDuck's lawn, and because they left a blade or two of grass higher than the rest, were paid only 25 cents to split between themselves!

(Even back then the greedy rich were screwing the industrious,....probably the blueprint for the greedy, crooked leaders of Communist Red China!)
Actually, its the PRC, which should be an acronym used as an informative label for consumers of its products, meaning....."People, Realize this is Crap!"

There! Howz that for thread continuity from "should be sainted" Walt Disney, to the Devil's own henchmen controlling China, to international commerce!

-tah
  • #34,403
  • May 4, 2012 11:51am May 4, 2012 11:51am
bad day for me...All my trades triggered SL..
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ImTqH Control your Emotions,Success will come to you.
  • #34,404
  • May 4, 2012 11:54am May 4, 2012 11:54am
EU, and Market:

Even after the London close, the US market is still pumping and dumping.
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  • #34,405
  • May 4, 2012 12:03pm May 4, 2012 12:03pm
Quoting traderathome
Market Comment and EU:

The market might respond to the Non-Farm Employment Change release with whipsawing, to take many traders out and use the liquidity created to get more of its own orders filled. Personally, any trades I have will only be with mental SLs during that time. A trader could wait until after the release before entering a trade, and thereby possibly avoid being in a trade at the time of a whipsaw. However, it is impossible to know when or how the market might screw around with prices.
Quoting imtah
bad day for me...All my trades triggered SL..
We can never be sure when the market will use its whipsaw strategy to liquidate the trades of others and use that liquidity to get its own orders filled. But, you really don't want to bet against it happening, do you? It is better to be safe than sorry, and figure it will (imho).

-tah
  • #34,406
  • May 4, 2012 12:14pm May 4, 2012 12:14pm
Quoting traderathome
UChf: Entered long (EP= 0.9170). This is a re-entry trade.
Quoting traderathome
UChf: Entered long (EP= 0.9140).
UChf:

Manually closed trade for 6 pips gain EP= 0.9170 to close= 0.9176.
Manually closed trade for 36 pips gain EP= 0.9140 to close= 0.9176
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  • #34,407
  • May 4, 2012 12:15pm May 4, 2012 12:15pm
Quoting ashkan_no9
EU

Entered Short @ 1.3131

Attachment
Manually Closed @ 1.3081 for 50 pip. (my TP was 1.3080)

Sonicers, have a good weekend.

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Trade with discipline and respect the market...
  • #34,408
  • May 4, 2012 12:19pm May 4, 2012 12:19pm
Quoting traderathome
GU:

SonicR re-entry short (EP= 1.6172) after the drive back up.
GU:

Manually closed this older trade for 27 pips gain EP= 1.6172 to close= 1.6145.
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  • #34,409
  • May 4, 2012 12:23pm May 4, 2012 12:23pm
Quoting traderathome
GU:

Added a "re-entry" short trade (EP= 1.6197) during down trend PA pull back up to the whole number area. Lowered SL to BE+ on previous trade, same SL level as for this added trade.
GU:

Manually closed for 51 pips gain EP= 1.6197 to close= 1.6146.
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  • #34,410
  • May 4, 2012 12:30pm May 4, 2012 12:30pm
Quoting traderathome
GU:

Manually closed for 51 pips gain EP= 1.6197 to close= 1.6146.
TAH continues to bank the un-initiated's pips as usual, nice week for you nice work.

Have a good weekend all, tons of prep work for me to try and be ready for next week, though I still don't know what I am going to do hour-wise, since I trade Futures and Stocks/ETF's as well in NY TF. Watching for the last 2 months or so has shown me that indeed London open and after is the time for Forex
  • #34,411
  • May 4, 2012 12:48pm May 4, 2012 12:48pm
Quoting traderathome
EU: Entered short (EP= 1.3119).
Quoting traderathome
EU: Added trade #2 short (EP= 1.3090). This is a SonicR re-entry and is based on the pullback upwards in the down trend, a pullback exhibiting exceptionally high activity at the highs of the pullback.
EU:

Manually closed for 38 pips EP= 1.3119 to close= 1.3081.
Manually closed for 9 pips EP= 1.3090 to close= 1.3081.
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  • #34,412
  • May 4, 2012 12:59pm May 4, 2012 12:59pm
Quoting traderathome
EU:

Entered short (EP= 1.3140). This occured during the whip up, and with mental SL as stated. This is now a running trade, with SL at BE+.
EU:

Manually closed for 58 pips EP= 1.3140 to close= 1.3082.
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  • #34,413
  • May 4, 2012 1:24pm May 4, 2012 1:24pm
Quoting traderathome
GU:

Entered short (EP= 1.6048). While the market fiddles around, trying to coax longs into the market imho, I decided to crack the boredom with this M5 SonicR setup. Not looking for much since the London session has recently ended, but sometimes the rest of the US session can result in some progress. And this M5 setup is occuring quite near the very highs and could represent a break down thru the half number, which certainly makes it attractive. There is a medium impact release coming soon, so we'll see. The TP is tentative.
Quoting traderathome
GU:

Manually closed for 4 pips gain EP= 1.6048 to close= 1.6044.
Way to go Tah, but on my charts price is still a 100 pips away for you to be able to close your trade for a 4 pips gain

H.
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"The future is already written in the past"
  • #34,414
  • Edited 4:24pm May 4, 2012 2:24pm | Edited 4:24pm
Quoting hansma
Way to go Tah, but on my charts price is still a 100 pips away for you to be able to close your trade for a 4 pips gain

H.
Thanks, Hansma. Very tired I guess, because I actually did make the mistake of closing it out for a 96 pips loss!. My mind was seeing an EP of 1.6148 when it was 1.6048! So, I have deleted that trade post and the week summary and reposted them both below, refecting this loss. Thanks for catching this. I feel like a dunce making this kind of mistake!

-tah
  • #34,415
  • May 4, 2012 2:38pm May 4, 2012 2:38pm
Quoting traderathome
Good question! I've kept my eye on this boat. And it hasn't moved since he arrived here to vacation!

Take a look at 3:21 minutes. I guess this boat was there much longer, since this Video was uploaded to Youtube last year in december...long vacation.

Inserted Video
  • #34,416
  • Edited 3:07pm May 4, 2012 2:41pm | Edited 3:07pm
SLs, Whipsaws and Money Management:

You would think that a SL protects you from losing more than specified by the SL. It doesn't! The SL is a market order, and only that. This means that when price hits your SL, your SL market order is submitted for execution at the "next best available price", which could turn out to be 100+ pips away if the market is moving fast enough. And I have that confirmed from a major broker.

This is a good enough reason to not use a SL in an environment where whipsawing is likely! No matter what has been said, nor by whom, nor when, it is impossible to know if, when and how big a whipsaw might be imposed by the "market". If you think about these things, trading in a high volatility environment, with the increased possibility of whipsawing, with a SL does not seem like a good idea. The SL could easily be triggered for execution, and then you have absolutely no guarantee from either the market, or the broker, at what price it will finally be processed! Not good!

A high percentage of the very best Sonic R. setups are during the London session, and apart from such high volatility days as we had today. These setups allow for tighter SLs which are less unencumbered by the threat of whipsawing and the risk of significant slippage between your SL price and the actual price it gets processed at. This is an important aspect of a "best Sonic R. setup", and maybe the most effective part of money management.

-tah
  • #34,417
  • May 4, 2012 3:05pm May 4, 2012 3:05pm
Tah accordingly to yours trade stale and management rules for 10K $ account what will be the lot saize to trade for u?(0.1;0.5....lots ?)
Thansk for u time
Regards
ExpresID
  • #34,418
  • May 4, 2012 3:21pm May 4, 2012 3:21pm
Quoting expresid
Tah accordingly to yours trade stale and management rules for 10K $ account what will be the lot saize to trade for u?(0.1;0.5....lots ?)
Thansk for u time
Regards
ExpresID
I cannot advise you on this. But I will suggest you really need to tread cautiously regarding size of trades, until you yourself have a money management policy that you have experience adhering to.

Everybody is different, I guess, or maybe not. Personally, my weakness has been in not adhering to certain aspects of money management other than trade size, such as SL or no SL, let a trade ride or don't let a trade ride. You are the best person to advise yourself regarding any aspect of money management, because you know your own strengths and weaknesses.

It is tough, I know. At least it has been for me. I admire those that portray this aspect of trading as no more difficult than seeing a setup, if indeed it is really that easy for them.

-tah
  • #34,419
  • May 4, 2012 3:23pm May 4, 2012 3:23pm
Exhausted. Have a good weekend, Sonicers.

-tah
  • #34,420
  • May 4, 2012 3:34pm May 4, 2012 3:34pm
Thanks Proffesor TAh for u advise ,will personaly expirense til find what work best for me .
Wish to u adn all Sonicker's wonderfull wekkend
Regards
ExpresID
Quoting traderathome
I cannot advise you on this. But I will suggest you really need to tread cautiously regarding size of trades, until you yourself have a money management policy that you have experience adhering to.

Everybody is different, I guess, or maybe not. Personally, my weakness has been in not adhering to certain aspects of money management other than trade size, such as SL or no SL, let a trade ride or don't let a trade ride. You are the best person to advise yourself regarding any aspect of money management, because you know your own strengths...
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