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Sonic R. System

  • #37,261
  • Jul 16, 2012 10:08pm Jul 16, 2012 10:08pm
Quoting duyk20
Bad method. You are averaging down your losing position. Now, it's not the proper set-up anymore but you are hoping for it to come back.
Cut it and always have Stop-Loss ready when enter any trade.
Yes it is not good method. If i accept SL 76 pips lost. Now i am risking 150 pips. Lets see what happen. I don't know how many of you hit by SL.
  • #37,262
  • Jul 16, 2012 10:18pm Jul 16, 2012 10:18pm
Quoting GuruKrish
Thread is fully gripped with silence. How many of you blasted by high spike PA? Check my chart, is accept the SL and close a trade is better or try to recover a trade is better?
Hello GK. Averaging is OK and I use that too. But the max for averaging for me is 3. and should put SL in the next SR. But if you think that your strategy is working then the choice is yours.

I think you should give SL. the chart is break the trend line in the daily chart. and it absolutely break that fibbo. In the 1.5730 is the SR area. for me when the set up correct i'll short GU in that price area.
Attached Image (click to enlarge)
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Money Management and Patience is the Key
  • #37,263
  • Jul 16, 2012 10:46pm Jul 16, 2012 10:46pm
Quoting GuruKrish
Thread is fully gripped with silence. How many of you blasted by high spike PA? Check my chart, is accept the SL and close a trade is better or try to recover a trade is better?
See Diagram
Attached Image (click to enlarge)
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  • #37,264
  • Edited Jul 17, 2012 12:53am Jul 16, 2012 11:30pm | Edited Jul 17, 2012 12:53am
Quoting GuruKrish
Thread is fully gripped with silence. How many of you blasted by high spike PA? Check my chart, is accept the SL and close a trade is better or try to recover a trade is better?
You seem to have carried on adding to your original EP at known Resistance levels hoping PA would bounce off of them, with Sonic R setups being trend following, you would have had to have waited for a reversal before getting a valid Sonic R entry (which is what I am waiting for on the AUDCHF trade I am in and following, TAH already posted his setup for this pair, which I did not take due to low volume and pending news from Australia)

I trade without SL's normally adding to my positions once I see divergence forming, so this is not Sonic R related, but just one traded looking to share what he looks for when considering cutting losses or allowing the trade run and adding more to a losing trade.

So this post is just answering your question with what I see and look for, I have attached a chart showing 1H divergence marked with the red lines the vertical yellow line shows where the divergence started. The divergence is clear on 3 indicators and the RSI as recently kissed the 80 level, which I consider extreme (but works better on higher TF's) and it is still in the overbought area while moving lower also PA is still rising (which is divergence)

Traders consider these indicators to be lagging, but I find them to be a leading indicator when looking for corrections, so I would look to add more sells at known Resistance levels on the basis that divergence is present.

Also providing the divergence does not break, I would expect it to bring the PA back down to at least the level it first started 1.567.

I hope you understand what I am trying to get across and that it helps you in someway
Attached Image (click to enlarge)
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Some people say I'm lucky, but the more I practice the luckier I get
  • #37,265
  • Jul 16, 2012 11:38pm Jul 16, 2012 11:38pm
Quoting Robot Trader
You seem to have carried on adding to your original EP at known Resistance levels hoping PA would bounce off of them, with Sonic R setups being trend following, you would have had to have waited for a reversal before getting a valid Sonic are entry (which is what I am waiting for on the AUDCHF trade I am in and following, TAH already posted his setup for this pair, which I did not take due to low volume and pending news from Australia)

I trade without SL's normally adding to my positions once I see divergence forming, so this is not Sonic R related,...
I agree with RT as I use divergence on the 4hr and daily TF. I find it to be a predictive rather than a lagging as it is attempting to predict change in direction. I never trade against divergence as it is right more than it is wrong.
  • #37,266
  • Jul 17, 2012 12:52am Jul 17, 2012 12:52am
Quoting traderathome
AChf: Entered short late in US session. Nice waves down. Dragon angled down. Trend angled down. PA below Trend and Dragon moving below Trend. All bearish signs. Time of day is problematic. Asian session might pop it, and so too the FO/LO, so taking added risk here. If price ranges instead of moving down, the SL might have to be widened.

Speaking of SLs, my GN trade proposed two, the second to give more breathing room in case trade lingered into LS. I went to sleep and did not set either hard. So, I am still in GN short, and wishing otherwise....
AChf: SL1 reached. Trade closed for 15 pips loss EP1 to SL1.
Attached Image (click to enlarge)
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  • #37,267
  • Jul 17, 2012 12:52am Jul 17, 2012 12:52am
Quoting worldfreedom
I agree with RT as I use divergence on the 4hr and daily TF. I find it to be a predictive rather than a lagging as it is attempting to predict change in direction. I never trade against divergence as it is right more than it is wrong.
In normal market condition we can trust the divergence. After big price spike we can always expect divergence. After spike after see divergence again price often seems to move higher than go low.

When you add more position will to add more lots or same as previous one.
ex. (previous lot size * 1.5) for recovering your loss quickly.
  • #37,268
  • Jul 17, 2012 1:00am Jul 17, 2012 1:00am
Quoting traderathome
AChf: SL reached. Trade closed for 15 pips loss EP1 to SL1.
What 15 pips SL triggered? Is it Mental SL or Hard SL?
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  • #37,269
  • Jul 17, 2012 1:15am Jul 17, 2012 1:15am
Quoting GuruKrish

When you add more position will to add more lots or same as previous one.
ex. (previous lot size * 1.5) for recovering your loss quickly.
Well I don;t agree with you GK when adding positions and you add the size of lots. The same is OK. but adding lots not for me.

What happen when you adding lots and is still not going to the direction you want? means more losses.
Money Management and Patience is the Key
  • #37,270
  • Jul 17, 2012 1:17am Jul 17, 2012 1:17am
Quoting GuruKrish
What 15 pips SL triggered? Is it Mental SL or Hard SL?
After the fiasco with GN, yes, a tight and hard SL.
  • #37,271
  • Jul 17, 2012 1:24am Jul 17, 2012 1:24am
Quoting traderathome
AChf: SL1 reached. Trade closed for 15 pips loss EP1 to SL1.
You are often using Hard verbal words. I am not able to mentally understand. I have to look my dict. for a meaning. I like the hard verbs you are using. I am improving my english

15 Pips loss on what AChf or GN?
  • #37,272
  • Jul 17, 2012 1:31am Jul 17, 2012 1:31am
I am following EU, waiting to see if volume picks up for a further push higher.
Attached Image (click to enlarge)
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Some people say I'm lucky, but the more I practice the luckier I get
  • #37,273
  • Jul 17, 2012 1:52am Jul 17, 2012 1:52am
EU: Entered short on price pullup into Dragon. Slightly early entry, and trying to gain back some of those SL pips. Nice PA wave
Attached Image (click to enlarge)
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  • #37,274
  • Jul 17, 2012 2:06am Jul 17, 2012 2:06am
Always,

ALWAYS,

ALWAYS,

ALWAYS,

ALWAYS,

Use a hard stop.
cut losses short, let profits run.
  • #37,275
  • Jul 17, 2012 2:13am Jul 17, 2012 2:13am
Quoting traderathome
EU: Entered short on price pullup into Dragon. Slightly early entry, and trying to gain back some of those SL pips. Nice PA wave
TAH in not break down yet. I am too looking for short GU and EU. but i waited till it break the SR. dun you think it is safer?
Money Management and Patience is the Key
  • #37,276
  • Jul 17, 2012 2:18am Jul 17, 2012 2:18am
EU enter short. with tight SL and TP
Attached Image (click to enlarge)
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Money Management and Patience is the Key
  • #37,277
  • Jul 17, 2012 2:24am Jul 17, 2012 2:24am
Quoting Domas4
Always,

ALWAYS,

ALWAYS,

ALWAYS,

ALWAYS,

Use a hard stop.
Good to hear from you, my friend. I pray all is well with you!
  • #37,278
  • Jul 17, 2012 2:25am Jul 17, 2012 2:25am
Quoting scuderia
EU enter short. with tight SL and TP
EU short with it breaking from top to bottom?
  • #37,279
  • Jul 17, 2012 2:27am Jul 17, 2012 2:27am
Quoting Acroix70
EU short with it breaking from top to bottom?
i just not being patient enough for wait till it break bottom. so i should pay for not my patient. but i still believe that it will go down. due to German forecast.
Money Management and Patience is the Key
  • #37,280
  • Jul 17, 2012 2:36am Jul 17, 2012 2:36am
Quoting traderathome
EU: Entered short on price pullup into Dragon. Slightly early entry, and trying to gain back some of those SL pips. Nice PA wave
EU: SL reached. Trade closed for 20 pips loss EP1 to SL1.
Attached Image (click to enlarge)
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