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Sonic R. System

  • #36,841
  • Jul 5, 2012 5:46am Jul 5, 2012 5:46am
Quoting emmanuel7788
No more indicators for you.
It only will make TAH more angry than he already is.
Very sorry.
Ha ha ha. No problem. I try to follow TAH advice to the thread. Entry I know but still I don't know how to take profit on what level. I try to put mental SL and Mental TP. TAH should define about MM for R&R.
  • #36,842
  • Jul 5, 2012 5:49am Jul 5, 2012 5:49am
Would anyone thinks its valid setup for sonic? My only concern is that the dragon it not turned towards bottom.

All sugestions are welcome.

Thanx in advance!

Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.gif Size: 261 KB
There is no spoon....
  • #36,843
  • Jul 5, 2012 6:00am Jul 5, 2012 6:00am
Quoting Robot Trader
Hi TAH,

Having taken the time to read the thread, I have not come across a defined method for setting the TP, I had read that Sonic may sometimes use a TSL rather than a set TP and there are lots of S&R levels to pick from once in a trade, some maybe say 30 pips away from entry and some 100 pips or more. I believe indicators that might show divergence or harmonic patterns forming between or before known S&R levels are a good reason to exit a trade early rather than holding out for those extra few pips. I do not see these type of indicators taking...
An essence of the Sonic R. System is support and resistance. That is what is used to determine TPs. Other tools such as: FR study, FE study, pivots, Levels, clouds, butterflys, and your favorite fishing lure are only to be used to confirm which of the historic S&R areas to use, if you insist on using them at all.

Why is it people receive something pure and simple, that works, and the first thing they want to do is screw it up with a bunch of crap?!

-tah
  • #36,844
  • Jul 5, 2012 6:05am Jul 5, 2012 6:05am
Quoting Msis125125
Would anyone thinks its valid setup for sonic? My only concern is that the dragon it not turned towards bottom.

All sugestions are welcome.

Thanx in advance!

The H4 chart shows a uptrend, so you will be looking to take a trade against the main trend, which limits your TP unless you believe the uptrend is coming to an end, but I am not sure how the rules treat S&R levels for possible TP targets on counter trend entries
Some people say I'm lucky, but the more I practice the luckier I get
  • #36,845
  • Jul 5, 2012 6:25am Jul 5, 2012 6:25am
Quoting Msis125125
Would anyone thinks its valid setup for sonic? My only concern is that the dragon it not turned towards bottom.

All sugestions are welcome.

Thanx in advance!


What a F***ng desaster that is.
There is no spoon....
  • #36,846
  • Jul 5, 2012 6:25am Jul 5, 2012 6:25am
Quoting Msis125125
Would anyone thinks its valid setup for sonic? My only concern is that the dragon it not turned towards bottom.

All sugestions are welcome.

Thanx in advance!


Too much economic news comming, we should hold trades.

Eliacin
  • #36,847
  • Jul 5, 2012 6:50am Jul 5, 2012 6:50am
Quoting traderathome
An essence of the Sonic R. System is support and resistance. That is what is used to determine TPs. Other tools such as: FR study, FE study, pivots, Levels, clouds, butterflys, and your favorite fishing lure are only to be used to confirm which of the historic S&R areas to use, if you insist on using them at all.

Why is it people receive something pure and simple, that works, and the first thing they want to do is screw it up with a bunch of crap?!

-tah
Spot on.

If people understand and apply that post, trading becomes so much easier.

The system gives you your entry bias - managing the money is up to you.

Pay attention because this is critical:

2 Pro traders both open EURUSD. One goes long, one goes short. Chances are they will both close the position in profit.

Do the same with 2 rookie traders and chances are they will both close the position for a loss.

I've seen this so many times it's incredible.

Get your bias - manage your money - profit.


Oh hai btw. Love the thread Huge thankyou to Sonic, TAH and all the regulars who have helped make daytrading for me, a bit less of a headache.
  • #36,848
  • Jul 5, 2012 6:57am Jul 5, 2012 6:57am
This looks good.

Correct me if i am wrong.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 249 KB
There is no spoon....
  • #36,849
  • Jul 5, 2012 7:00am Jul 5, 2012 7:00am
Quoting LaurenceDale
Spot on.
Oh hai btw. Love the thread Huge thankyou to Sonic, TAH and all the regulars who have helped make daytrading for me, a bit less of a headache.
Welcome to our thread. Thanks for your 1st post to Sonic R.
  • #36,850
  • Jul 5, 2012 7:02am Jul 5, 2012 7:02am
Quoting Msis125125
This looks good.

Correct me if i am wrong.

News still comming, you should hold trades
  • #36,851
  • Jul 5, 2012 7:05am Jul 5, 2012 7:05am
[quote=eserna;5816366]News still comming, you should hold trades[/quote

Ok i close my profit then, see what happens after.

There is no spoon....
  • #36,852
  • Jul 5, 2012 7:24am Jul 5, 2012 7:24am
Quoting Msis125125
This looks good.

Correct me if i am wrong.


Well it is now a valid setup with dragon bending towards bottom.

I am going in, wish me luck!
There is no spoon....
  • #36,853
  • Jul 5, 2012 7:43am Jul 5, 2012 7:43am
Quoting Msis125125
Well it is now a valid setup with dragon bending towards bottom.

I am going in, wish me luck!
Tp 1 reached 50 pips.

Holding for ms3 now
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 34 KB
There is no spoon....
  • #36,854
  • Jul 5, 2012 7:50am Jul 5, 2012 7:50am
Quoting Msis125125
Tp 1 reached 50 pips.

Holding for ms3 now

Some scary Sh*t happening on EU. I am terrifyed, bank hollyday in US, 126 pips fall in 20 min. WTF?
There is no spoon....
  • #36,855
  • Jul 5, 2012 8:01am Jul 5, 2012 8:01am
Quoting Msis125125
Some scary Sh*t happening on EU. I am terrifyed, bank hollyday in US, 126 pips fall in 20 min. WTF?
Holiday was yesterday.
  • #36,856
  • Jul 5, 2012 8:05am Jul 5, 2012 8:05am
Quoting Msis125125
Some scary Sh*t happening on EU. I am terrifyed, bank hollyday in US, 126 pips fall in 20 min. WTF?
Not sure Epic fail, or Epic Troll )
Today 2 news went out. 1 EUR down and USD up. It's mean EU down
  • #36,857
  • Jul 5, 2012 8:06am Jul 5, 2012 8:06am
Quoting duyk20
Holiday was yesterday.

Well i am guessing people are hangover and nonne have enough will to trade today, apparantly they do. hell yeah!

Did anyone caught some of that 129 pips on EU?
There is no spoon....
  • #36,858
  • Jul 5, 2012 8:10am Jul 5, 2012 8:10am
Quoting Msis125125
Well i am guessing people are hangover and nonne have enough will to trade today, apparantly they do. hell yeah!

Did anyone caught some of that 129 pips on EU?
I'm late for a first news, so i'm gain only 40p
I think we should trade a news. And when no news come out, we trade SONIC style
  • #36,859
  • Jul 5, 2012 8:15am Jul 5, 2012 8:15am
Quoting love.l0ve
I think we should trade a news. And when no news come out, we trade SONIC style
Good logic.
  • #36,860
  • Jul 5, 2012 8:37am Jul 5, 2012 8:37am
Quoting GuruKrish
Good logic.
I´m really impressed the ones who trade the news, in my opnion it´s too risky, anyway, do you have any advice how to trade news?
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