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Sonic R. System

  • #37,161
  • Jul 12, 2012 5:51pm Jul 12, 2012 5:51pm
Quoting GuruKrish
To Whomsoever it may concern

I have noticed many of you have less sleeping
]Here my suggestion about sleeping. Our brain is like a supercomputer that controls our every parts of our body. It is like a main server controls a client in a network. Whenever our brain fell one has to take rest it will produce a type of chemical which will give signal to one to take sleep. When one is in deep sleep at night the brain has its routine to repair some damaged cells and it is active...
GuruKrish, what is "sleep"?
  • #37,162
  • Jul 12, 2012 6:44pm Jul 12, 2012 6:44pm
Further to my post 37153, I see that PA bounced of the round number of 1.54 (which I talked about in an earlier post) back into the Dragon, I will now be looking to enter again once PA breaks the 1.54 level at 1.5390 with my final TP 1.534
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd ep2.jpg Size: 147 KB
Some people say I'm lucky, but the more I practice the luckier I get
  • #37,163
  • Jul 12, 2012 7:09pm Jul 12, 2012 7:09pm
Quoting Robot Trader
Further to my post 37153, I see that PA bounced of the round number of 1.54 (which I talked about in an earlier post) back into the Dragon, I will now be looking to enter again once PA breaks the 1.54 level at 1.5390 with my final TP 1.534
Hi RT,

I have quite similar view on TP expectation today.
Since it is ahead of the weekend market close, I plan to close all positions today maybe befoe NYO and that will depends how I see the PA when LO.
I see the fibo-e 127% and 138% are critrical price zones today.
I will manage by protecting % of the PA and FP.
Let market decide.

Good Trading!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 13 Jul update 13-7-2012 7-53-51 AM.png Size: 73 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,164
  • Jul 12, 2012 7:17pm Jul 12, 2012 7:17pm
Hi,

Just to provide an update on GU trade management.
See attached chart.

Quotation:
"If you want to maximise profits, you must be prepared to give up 50% of what the market gave you"



Dr. Tharp is the author of : Super Trader, Trade Your Way to Financial Freedom, the New York Times Bestseller, Safe Strategies for Financial Freedom, and Financial Freedom Through Electronic Day Trading.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 13 trade management update 13-7-2012 8-10-17 AM.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,165
  • Edited 7:55pm Jul 12, 2012 7:32pm | Edited 7:55pm
Quoting GuruKrish
To Whomsoever it may concern

I have noticed many of you have less sleeping
[size=3][font=Calibri]Here my suggestion about sleeping. Our brain is like a supercomputer that controls our every parts of our body. It is like a main server controls a client in a network. Whenever our brain fell one has to take rest it will produce a type of chemical which will give signal to one to take sleep. When one is in deep sleep at night the brain has its routine to repair some damaged cells and it is active...

Hi GK,

Very interesting post although it is not SonicR related it is important as trading is skill based and requires vigorous thinking process in realtime.
I read a newspapers report recently and what you shared is very true happening in today society.
Lack of quality sleep does impair the brain regeneration and is shown to be one cause of slow recovery in people sufferihg from some form of mental illness like for example, narcissism.
Beside the brain, our hearts also need to rest but it cannot stop beating for us. So Good quality sleep allows our heart to slow down and our heart muscles tissues to repair itself. Kindness comes for our hearts. So we need good healthy hearts too.

Trading therefore like all forms of professional occupation, has its own occupational hazards.

Good share, GK.

Take care of personal heath ... ALL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,166
  • Jul 12, 2012 7:38pm Jul 12, 2012 7:38pm
Quoting Acroix70
Another successful Sonic R week !
Congratulations!
Now what I would do is to review what I did correctly and repeat them.
What I did wrong, I draw lessons from them.
Keep going at it and fulfil your personal goals and financial targets.
Well done.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,167
  • Jul 12, 2012 7:53pm Jul 12, 2012 7:53pm
Quoting GuruKrish
Today due to my work commitment i didn't take any orders in LS, NS. Here by Pending order for USDCHF, USDJPY, EURJPY.

Hi GK,

Thanks for your post.

Are you trading these 3 on intraday basis or
do you plan to do short swing over several days into next week?

when I look at higher TF of these 3 pairs, technically I have different views. But that will depends on the money management model you have adopt for these 3 trades and trade the Evolution way.

but anyway, plan your trade, and trade your plan.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,168
  • Jul 12, 2012 7:59pm Jul 12, 2012 7:59pm
Master Sonic or anyone trading long enough,

Is summer always like this? I mean rangy market with a lot of spikes..

Thanks.
  • #37,169
  • Jul 12, 2012 8:14pm Jul 12, 2012 8:14pm
Quoting duyk20
Master Sonic or anyone trading long enough,

Is summer always like this? I mean rangy market with a lot of spikes..

Thanks.

Hi,

I don't know for sure if spot forex has what some analysts call seasonal behaviour.

I traded stock for 20 years and I agree with some analysts on seasonal behaviour for certain industry sectors.

But then all markets are correlated so there must be some effect of one on the other as money flows in the global markets.

But my trading performance over the past 5 years usually not the best in the months of June, Sep and Dec. Usually peak in April, Oct and Nov. This is my own performance and has nothing to do with the overall market condtion.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,170
  • Edited 11:33pm Jul 12, 2012 8:20pm | Edited 11:33pm
Quoting emmanuel7788
Hi RT,

sorry this may come a bit late. I took couple hours to shoot the sunset waves at Maroubra Bay.

anyway, we have a good GU trade running.

See attached charts.
1) on how I plan my TP
2) how I manage trades, in this case using your entry point.

regards,
Hi Emmanuel,

So you live in NSW, it will be getting a little chilly for you this time of year.

Thanks for sharing how you look for TP targets, I find with the daily range being an average of say 30 days, this average will include range bound market times (which can be more than 70% of a 30 day period), so when price moves out of a range and into a trend you will more often than not get a larger daily move.

I am happy to stick with the Sonic R system of historical S&R, but was digging to see if there was any formula for setting a TP at one particular level, based on PA. I trade and understand the Bollinger Bands and there are certain rules when following PA, such as straight Band to Band moves, price riding the Bands for 20 candles without testing the 20 MA e.t.c. So with the Sonic R system partly following waves I wanted to see if any TP logic had been applied to wave counts to project where PA might take us within the historical S&R range for setting TP's.

However it would seem there are no rules other than picking an S&R level at the start of choosing your setup and then once in profit it is down to the skill (or luck) of the trader to manage the trade based on the pursuing PA, which I guess can be said of any system.

So we can both enter the same trade I could gain 50 pips and you might gain 150 pips, so your understanding of PA gained you an extra 100 pips and for many newbies, it is this inability to maximize the number of pips from winning trades that can be their undoing when following any trading system, because before too long their losing trades start to eat into any profit they are making.

There is no sure fix for this other than lots of chart time and practice, I read your post about demo accounts, for me there is no substitute from trading live, you have to open an account that should you lose the money it will mean something to you, trading pennies is not going to give you the sense of loss and there will certainly be loses. How you deal with those loses will set you apart from the majority of traders that fail, you do not need a degree to trade Forex, but you do need a certain set of skills and a personality that can cope with stress.

I wish you the best with all your trading entries and exits
Some people say I'm lucky, but the more I practice the luckier I get
  • #37,171
  • Jul 12, 2012 9:57pm Jul 12, 2012 9:57pm
Quoting traderathome
GuruKrish, what is "sleep"?
I think TAH not asking this question his brain asking this question. I am not surprise TAH your brain never sleeps.
  • #37,172
  • Jul 12, 2012 10:04pm Jul 12, 2012 10:04pm
[quote=Msis125125;5837324The worst thing is that someone who dont see h4 and only trade as sonic R might change his point of view about the system, and its wrong as the system is perfect. London, bias, H L HL. Thats it. Wrong entrys, wrong results.
Sorry to be negative, but i want to help thats all.[/quote]

Open your eyes and see all of them are pending orders. None of them are filled till now. I expect it will be executed in LO. I have Plan B check the picture.
Attached Image
  • #37,173
  • Jul 12, 2012 11:53pm Jul 12, 2012 11:53pm
Quoting traderathome
AChf: Here is the start of the short trade we were alerted to by Robot Trader.

Entered short, per attached.
AChf: SL reached and trade closed for 11 pips lost EP1 to SL1.
Attached Image (click to enlarge)
Click to Enlarge Name: july 2012 - 047.gif Size: 32 KB
  • #37,174
  • Jul 13, 2012 12:27am Jul 13, 2012 12:27am
Quoting GuruKrish
Open your eyes and see all of them are pending orders. None of them are filled till now. I expect it will be executed in LO. I have Plan B check the picture.

Good GOD ... I'm flying an amphibian plane on Virgin and guess who is piloting?

GK you funny man and I love your sense of humour.

Good Trading my friend!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,175
  • Jul 13, 2012 12:28am Jul 13, 2012 12:28am
GU sellers ... now it starts to look ugly. .... LO...
manage manage manage ....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,176
  • Jul 13, 2012 12:35am Jul 13, 2012 12:35am
Quoting worldfreedom
I have entered short AUD/NZD. I waited until price broke neckline to be safe. Dragon and wave count gave early signal but waited for the neckline break.
hello wf , whats up mate , how is going this month have a good run ? :-D
  • #37,177
  • Jul 13, 2012 12:49am Jul 13, 2012 12:49am
Quoting jasakreatif
hello wf , whats up mate , how is going this month have a good run ? :-D
I can not complain the AU was good last night. I am waiting on the AUD/NZD to weaken. I have re-entered the AU short at the 89ema on the 4hr. The markets have been without follow through lately. Thanks for asking.

God Bless,

World Freedom
  • #37,178
  • Jul 13, 2012 1:36am Jul 13, 2012 1:36am
Quoting traderathome
AChf: SL reached and trade closed for 11 pips lost EP1 to SL1.
Hi TAH

Sorry your SL got hit, the news from China pushed the price up (Sharks at work) if price holds around parity I see a possible H&S pattern on the H4, so if price comes back down to the neck line and breaks we should get another Sonic R entry.

I am still bearish for this pair based on things that I look for and the higher it goes the bigger the down move will be
Some people say I'm lucky, but the more I practice the luckier I get
  • #37,179
  • Jul 13, 2012 2:15am Jul 13, 2012 2:15am
Quoting Robot Trader
Hi TAH

Sorry your SL got hit, the news from China pushed the price up (Sharks at work) if price holds around parity I see a possible H&S pattern on the H4, so if price comes back down to the neck line and breaks we should get another Sonic R entry.

I am still bearish for this pair based on things that I look for and the higher it goes the bigger the down move will be
Robot Trader, I agree with you. The price drive up is less likely based on genuine buying interest and more likely a liquidity creation drive for building short positions. We are likely to see this motivation behind PA on other pairs today also, what with some high impact releases coming and it being a Friday. It is could be a day of nothing more than "posturing", with the moves delayed until next week.
  • #37,180
  • Jul 13, 2012 2:32am Jul 13, 2012 2:32am
EU Comment:

Might set up for a SonicR long because the Dragon is drifting upwards in shallow waves, PA is making higher HLs, and the Trend is now flatter, after dropping. Nobody knows what will actually occur, of course.

Attached is a preliminary of a possible long trade. If price starts to whip, the SLs shown might turn out to be too tight. And with one EUR high impact and two USD high impacts coming, the price could be whipped more than once before it is released to run. Placing the SL somewhere below the lower half number is an alternative.
Attached Image (click to enlarge)
Click to Enlarge Name: july 2012 - 048.gif Size: 33 KB
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