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Sonic R. System

  • #34,881
  • May 15, 2012 10:04am May 15, 2012 10:04am
Quoting andyvxr
Afternoon Traders...Something im looking at on the Euro, already had a short which is complete looking at this now...Comments Welcome !
Andy, I believe today the market has revealed decisive direction with its price moves. Logically then, more in the same direction is going to follow. However, the market also likes to pull price back, "reset" the price. Such reverse moves coax in "wrong side" traders so the BBs can build more positions for the next move in the "true" direction, having already closed their positions at the conclusion of the first run. I'd be looking for such pullbacks and for new setups after they occur.
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  • #34,882
  • May 15, 2012 10:05am May 15, 2012 10:05am
Quoting jasakreatif
thats not about BB , thats high TF trend , trade like that no more than 5% balance , he made all floating minus at the beginning.
True, following the TREND, is very important, but its not everything
  • #34,883
  • May 15, 2012 10:09am May 15, 2012 10:09am
Thanks for the comment TAH.

Im in now so i will see, if the price pulls back i can always add to the position if another setup occurs.

I have an 100 stop loss in place so if any whipsawing occurs i will not get kicked out.

Cheers

Quoting traderathome
Andy, I believe today the market has revealed decisive direction with its price moves. Logically then, more in the same direction is going to follow. However, the market also likes to pull price back, "reset" the price. Such reverse moves coax in "wrong side" traders so the BBs can build more positions for the next move in the "true" direction, having already closed their positions at the conclusion of the first run. I'd be looking for such pullbacks and for new setups after they occur.
  • #34,884
  • May 15, 2012 10:11am May 15, 2012 10:11am
Quoting jasakreatif
thats not about BB , thats high TF trend , trade like that no more than 5% balance , he made all floating minus at the beginning.
jasakreatif,

At the worst, I was down about 44 pips on the Classic entry and about 14 pips on the Scout entry, for a total of 58 pips in the red. Not bad when you consider that one recommendation is to set SL as much as 100 pips away from entry. If that is reasonable (and it is), my amount in the red, and the time in the red, was totally acceptable. And once you better understand the psycology of trading, you will see that it is always partly about the BBs!

-tah
  • #34,885
  • May 15, 2012 10:23am May 15, 2012 10:23am
Quoting traderathome
jasakreatif,

At the worst, I was down about 44 pips on the Classic entry and about 14 pips on the Scout entry, for a total of 58 pips in the red. Not bad when you consider that one recommendation is to set SL as much as 100 pips away from entry. If that is reasonable (and it is), my amount in the red, and the time in the red, was totally acceptable. And once you better understand the psycology of trading, you will see that it is always partly about the BBs!

-tah
yes but not acceptable for my account , i ever follow your trade long time a go and blow my account
  • #34,886
  • May 15, 2012 10:24am May 15, 2012 10:24am
EU:

Remember this picture? To reinforce that there might be a pullback...over 500 pips down already in this drop off the right shoulder (and with two gap downs included).

The market might not be willing to release trapped longs by closing those gaps, but if the market expects to make money, it must close its shorts. It is likely doing that now, as it stabs the price low. And therefore, it will need to raise the price, and in a manner that suckers in longs while the market rebuilds its short position ahead of more downsided.

All this is only to say that, while the new trend is down, and likely to go further, at any time, on any day, the market might manufacture a retrace for the reason stated.
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  • #34,887
  • May 15, 2012 10:24am May 15, 2012 10:24am
Tah,Sonic how will u interpret this volume pic from 4H UJ?
In would interpret them as biger interst of crowd for long,so this volume climax show me that an up brakeout is more likly to occure,please correct me if I am wrong,or can this be BB pump and dump???
Regards,
ExpresID
PS:forgot to attach a picture see it in next post
  • #34,888
  • May 15, 2012 10:26am May 15, 2012 10:26am
Quoting expresid
Tah,Sonic how will u interpret this volume pic from 4H UJ?
In would interpret them as biger interst of crowd for long,so this volume climax show me that an up brakeout is more likly to occure,please correct me if I am wrong,or can this be BB pump and dump???
Regards,
ExpresID
PS:forgot to attach a picture see it in next post
pic
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  • #34,889
  • May 15, 2012 10:33am May 15, 2012 10:33am
Quoting jasakreatif
yes but not acceptable for my account , i ever follow your trade long time a go and blow my account
Yes, it is possible you might have blown an account. I doubt few people enter the forex market without doing so, multiple times even, without ever even seeing the Sonic R. System thread.

But, if you cannot withstand being down 50-100 pips, based on a hard SL that gives your trade that much breathing room, then you are saying that your SLs are tighter. And tighter SLs are more frequently hit, kicking the trader out of the trade, and with that loss. It doesn't take too many 20 pips SLs hit to lose 60 pips worth of account value, instead of just temporarily being down 60 pips worth of account value!

-tah
  • #34,890
  • May 15, 2012 10:43am May 15, 2012 10:43am
Quoting expresid
Tah, Sonic how will u interpret this volume pic from 4H UJ? In would interpret them as biger interst of crowd for long, so this volume climax show me that an up brakeout is more likly to occure,please correct me if I am wrong,or can this be BB pump and dump??? Regards, ExpresID
Personally, I find volume-price analysis more meaningful on the lowest TFs, not the high ones.

A simplistic view is that thru the H4 move down, there was only one green bar, which suspiciously looks like a manufactured move up to build short positions early in the trend down. Since PA hit bottom, additional green candles appear, but these could be genuine buying now. On the other hand, they too could be manufactured moves up to build more short positions to replace the shorts closed around the previous bottom. It is necessay to see what future PA does.

Keep in mind, Sonicer do not trade on volume. We use volume clues, see if follow-on volume and price support those clues, and eventually see if a M15 Sonic R. setup occurs that is consistent with the picture being formed.

-tah
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  • #34,891
  • May 15, 2012 10:46am May 15, 2012 10:46am
Quoting traderathome
Yes, it is possible you might have blown an account. I doubt few people enter the forex market without doing so, multiple times even, without ever even seeing the Sonic R. System thread.

But, if you cannot withstand being down 50-100 pips, based on a hard SL that gives your trade that much breathing room, then you are saying that your SLs are tighter. And tighter SLs are more frequently hit, kicking the trader out of the trade, and with that loss. It doesn't take too many 20 pips SLs hit to lose 60 pips worth of account value, instead...
10 times trades eachone 10SL 50TP, 7 trades loss it is -70pips 3 trades won it is 150pips ( how about if 7 trades loss 50pips eachone ?)
  • #34,892
  • May 15, 2012 10:56am May 15, 2012 10:56am
Quoting andyvxr
Afternoon Traders

Something im looking at on the Euro, already had a short which is complete looking at this now

Comments Welcome !
I took this one for 5 pips on 5 lots. I am new and just got done reading the stuff. I was hella nervous on the demo! lol Looks interesting. I'm still watching this.
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  • #34,893
  • May 15, 2012 10:57am May 15, 2012 10:57am
Thanks for u A proffesor tah,evry time i am learning from u post,KEEP GOING....
Quoting traderathome
Personally, I find volume-price analysis more meaningful on the lowest TFs, not the high ones.

A simplistic view is that thru the H4 move down, there was only one green bar, which suspiciously looks like a manufactured move up to build short positions early in the trend down. Since PA hit bottom, additional green candles appear, but these could be genuine buying now. On the other hand, they too could be manufactured moves up to build more short positions to replace the shorts closed around the previous bottom. It is necessay to see what future...
  • #34,894
  • May 15, 2012 10:57am May 15, 2012 10:57am
AU:

Entered short (EP= 0.9974). A bigger retrace is possible, maybe 50%, 61.8%, etc. Taking a chance on it (well, every trade is a chance).
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  • #34,895
  • May 15, 2012 11:04am May 15, 2012 11:04am
Seen as we are all firing questions at the master TAH, i have one.

What is your exit strategy if you have entered a trade that has gone wrong ?

I know Sonic says an exit is if the PA hits the dragon band, just wondering what your thoughts are on that

Many thanks
  • #34,896
  • May 15, 2012 11:07am May 15, 2012 11:07am
Quoting jasakreatif
10 times trades eachone 10SL 50TP, 7 trades loss it is -70pips 3 trades won it is 150pips ( how about if 7 trades loss 50pips eachone ?)
Ok, you made 10 trades. Every trade had a SL of 10 pips and a TP of 50 pips. Seven trades were stopped out for a total loss of 70 pips. And the other three trades made 50 pips each, for 150 pips profit.

I understand. And that is very good.

The question that comes to mind, however, is how far did those seven trades each run opposite to your EP; 15, 20, 25, 50 pips? And did they all eventually come back thru your EP? If you had given your trades more breathing room, would all have made your 50 pip target? That would be another 350 pips. Without the complete story, no valid assessment or conclusions can be drawn, jasakreatif.

-tah
  • #34,897
  • May 15, 2012 11:19am May 15, 2012 11:19am
Quoting traderathome
Ok, you made 10 trades. Every trade had a SL of 10 pips and a TP of 50 pips. Seven trades were stopped out for a total loss of 70 pips. And the other three trades made 50 pips each, for 150 pips profit.

I understand. And that is very good.

The question that comes to mind, however, is how far did those seven trades each run opposite to your EP; 15, 20, 25, 50 pips? And did they all eventually come back thru your EP? If you had given your trades more breathing room, would all have made your 50 pip target? That would be another 350...
i think................. you know the conclusions
  • #34,898
  • May 15, 2012 11:23am May 15, 2012 11:23am
Quoting andyvxr
Seen as we are all firing questions at the master TAH, i have one. What is your exit strategy if you have entered a trade that has gone wrong ? I know Sonic says an exit is if the PA hits the dragon band, just wondering what your thoughts are on that. Many thanks
Andy, I suspect that over 95% of all trades are "wrong" to some extent at some point in the PA after entry. So the question becomes not "IF" a trade goes wrong, but to what extent and for what reason.

Many traders consider only the "extent", and based on their pre-selected SL, vacate the trade....over and done with. Period. I also consider the "reason", and so I sometimes stay in a trade and wait for it to come back to me and to profit, as I demonstrated over this past day.

I do not ask folks to trade the way I do. I adhere to recommending only that which Master Sonicdeejay has laid out for all to follow. My trades are mostly Classic, with some Scouts thrown in. All that is within the scope of the Sonic R. System until such time as Master Sonicdeejay formally announces no more Scouts. My SLs are mostly mental, which means I reserve the right to update my expectancies from those held at entry, and stay or close as I see fit. This is an aspect of personal money management, and in this regard every trader must settle on their own money management style.

-tah
  • #34,899
  • May 15, 2012 11:27am May 15, 2012 11:27am
TAH is on fire again
  • #34,900
  • May 15, 2012 11:32am May 15, 2012 11:32am
Quoting jasakreatif
i think................. you know the conclusions
No, I do not. And you do not seem inclined to be forthcoming with the information. For all I know, you are overtrading your account, making size too big. And therefore, you set very low SLs because if the trade moves against you much more, then maybe you blow too big a portion of your account. So in other words, while you stretch to criticize me, you yourself might be subject to valid criticism, were the truth known.

But I don't constantly dig at you, like you do at me, do I jasakreatif? No, I only respond to some of the things you say about me. You might consider that fact, and lay off of it.

-tah
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