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Sonic R. System

  • #38,201
  • Aug 1, 2012 12:17am Aug 1, 2012 12:17am
Quoting emmanuel7788
Hi,

Trying this on M15 today. Let see how this will work out.
Is this sonicR? Pls correct me!

thanks
Trade Well!
A Sonic R. System EP should be at least a few pips beyond the end of the first candle that exits the Dragon on the third leg of the PA wave, as shown in my picture by the horizontal black line. So yes, you could place EP higher, as you show in your chart. However, if you place EP too far from the Dragon, you might be chasing the trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AU%201%20Aug%20pending%201-8-2012%202-48-54%20PM.png Size: 49 KB
Click to Enlarge Name: july 2012 - 162.gif Size: 39 KB
  • #38,202
  • Aug 1, 2012 12:35am Aug 1, 2012 12:35am
Quoting traderathome
A Sonic R. System EP should be at least a few pips beyond the end of the first candle that exits the Dragon on the third leg of the PA wave, as shown in my picture by the horizontal black line. So yes, you could place EP higher, as you show in your chart. However, if you place EP too far from the Dragon, you might be chasing the trade.

ok, Got that. Thanks.
I was waiting for LO and avoid the pre-LO.
Trade BUY STOP triggered.
Looking good now, but need to wait and manage trade.

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: AU 1 Aug order trigger 1-8-2012 3-21-45 PM.png Size: 35 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,203
  • Aug 1, 2012 12:41am Aug 1, 2012 12:41am
Quoting emmanuel7788
ok, Got that. Thanks.
I was waiting for LO and avoid the pre-LO.
Trade BUY STOP triggered.
Looking good now, but need to wait and manage trade.

regards,
You do realize there are high impact USD events today, don't you? This move up might be only to finish closing longs and to continue to open shorts, in advance of a drive down in conjunction with the USD releases. Yes, that is speculation. But why was the price suddenly moved back to the highs for no other apparent reason?

Be careful with your long trade. This move up might be with selling intent, not buying intent.
Attached Image (click to enlarge)
Click to Enlarge Name: july 2012 - 163.gif Size: 38 KB
  • #38,204
  • Edited 1:09am Aug 1, 2012 12:51am | Edited 1:09am
Quoting traderathome
You do realize there are high impact USD events today, don't you? This move up might be only to finish closing longs and to continue to open shorts, in advance of a drive down in conjunction with the USD releases. Yes, that is speculation. But why was the price suddenly moved back to the highs for no other apparent reason?

Be careful with your long trade. This move up might be with selling intent, not buying intent.
and EU H1 already forming double top, but still need confirmation to go short..
  • #38,205
  • Aug 1, 2012 1:31am Aug 1, 2012 1:31am
Just a quick update:
TP +20pips RR 1:1

Looking tough now as it test recent Highs.
SL rather tight.
Attached Image (click to enlarge)
Click to Enlarge Name: AU 1 Aug TP1 1-8-2012 4-22-34 PM.png Size: 38 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,206
  • Aug 1, 2012 1:42am Aug 1, 2012 1:42am
Quoting emmanuel7788
Just a quick update:
TP +20pips RR 1:1

Looking tough now as it test recent Highs.
SL rather tight.

well don't work when trading spot forex.

Now into SELL.

Kind of getting hang doing this.
Attached Image (click to enlarge)
Click to Enlarge Name: AU 1 Aug Sell 1-8-2012 4-34-53 PM.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,207
  • Aug 1, 2012 1:44am Aug 1, 2012 1:44am
Quoting alexbs
and EU H1 already forming double top, but still need confirmation to go short..
hiyaaaaaaaaaa miss my trade again...

had a guest and tada..... droping so quickly...

this is what i mean with checking higher time frame and looking for nice setup on lower time frame...

after we got double top pattern on H1 we will look for nice setup on lower time frame, I usually use 5m chart.. ^^
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 22 KB
  • #38,208
  • Aug 1, 2012 1:47am Aug 1, 2012 1:47am
Quoting emmanuel7788
well don't work when trading spot forex.

Now into SELL.

Kind of getting hang doing this.
emmanuel7788, i think your sell order is a panic entry which is not sonic.
  • #38,209
  • Aug 1, 2012 1:51am Aug 1, 2012 1:51am
Quoting emmanuel7788
well don't work when trading spot forex.

Now into SELL.

Kind of getting hang doing this.

Why u sell AU on that chart ?

There is NO immediate LowerHigh on the chart for you to consider a Sell Entry Limit or to calculate a Stop Loss for a Sell.
  • #38,210
  • Edited 2:15am Aug 1, 2012 1:58am | Edited 2:15am
Quoting emmanuel7788
well don't work when trading spot forex. Now into SELL. Kind of getting hang doing this.
No, you are not getting the hang of the Sonic R. System. You just entered a short when PA was above the Dragon. That is in direct opposition to one of the very few and very important rules.

I heartily recommend you go back to page #1, post #1, get the link to the Sonic R. System Manual (in brief), go to that page, and truely study the information provided.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AU%201%20Aug%20Sell%201-8-2012%204-34-53%20PM.png Size: 40 KB
Click to Enlarge Name: july 2012 - 164.gif Size: 30 KB
Click to Enlarge Name: july 2012 - 165.gif Size: 29 KB
  • #38,211
  • Aug 1, 2012 2:03am Aug 1, 2012 2:03am
Quoting foxybunny
Why u sell AU on that chart ?

There is NO immediate LowerHigh on the chart for you to consider a Sell Entry Limit or to calculate a Stop Loss for a Sell.

Yup, just realised that big mistake.
should have waited .

thanks!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,212
  • Aug 1, 2012 2:05am Aug 1, 2012 2:05am
Quoting albus999
emmanuel7788, i think your sell order is a panic entry which is not sonic.

yes, yes...
the excitement got to me.,,,head.
mistake and lesson learned.

thanks!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,213
  • Aug 1, 2012 2:08am Aug 1, 2012 2:08am
Quoting traderathome
No, you are not getting the hang of the Sonic R. System. You just entered a short when PA was above the Dragon. That is in direct opposition to one of the very few and very important rules.

I heartily recommend you go back to page #1, post #1, get the link to the Sonic R. System Manual (in brief), go to that page, and truely study the information provided.

Oh NO!
this is not sonicR....
mistake mistake mistake....

thanks!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,214
  • Aug 1, 2012 2:42am Aug 1, 2012 2:42am
just beware of NFP today
Money Management and Patience is the Key
  • #38,215
  • Edited 4:08am Aug 1, 2012 3:31am | Edited 4:08am
Eu long

ep : 1.2316

sl : 1.2300

tp : 1.2347

Edit :

Cut Loss my Long -5, I look my short setup.. now I'm short..

EP : 1.1311

SL : 1.2323

TP : 1.2290

Also short AU..

EP : 1.0528

SL : 1.0544

TP : 1.0504
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 21 KB
Click to Enlarge Name: eu2.gif Size: 21 KB
Click to Enlarge Name: au.gif Size: 22 KB
  • #38,216
  • Aug 1, 2012 3:43am Aug 1, 2012 3:43am
Quoting alexbs
Eu long

ep : 1.2316

sl : 1.2300

tp : 1.2347

quite nice trade... EURGBP is bullish andGBPUSD dwon, so this may help EU trade move up.

manage well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,217
  • Edited 5:34am Aug 1, 2012 4:11am | Edited 5:34am
Quoting emmanuel7788
quite nice trade... EURGBP is bullish andGBPUSD dwon, so this may help EU trade move up.

manage well!

I change my trade.. Hehehe.. don't know why but still i wasn't confident with my long trade..

I had my SL and TP, gonna out now.. hope it will hit my TP when i'm back ^^

Edit : Tipo
  • #38,218
  • Aug 1, 2012 4:41am Aug 1, 2012 4:41am
Quoting emmanuel7788
Hi ArtfulDodger,

You realised your discipline issue therefore no need for me to 'slap' online in anonymity. No need to be so hard on yourself. You cant possibly see 'real' results after so few trades. My mentor/coach told me to eveluate performance after 100 trades, then every 300 trades over a longer period to get a good performamnce of any system.

I've been through similar situation with one of my trading account during the last 4 months and only managed to recover back to my starting point closing end July. See my equity graph attached....
As always, thanks for the valuable insight. I was making reference to the $10 loss on the trade more for it's value in relationship to my target. As I only trade at 10 cents a pip, I can withstand a lot of damage, even on a $150 account. The real problem with having that small an account is that I can't place additional SonicR trades when they come along due to the strain it would place on the account if more than one trade goes south (in a figurative sense, not in a directional sense). That's a BIG negative for sure!

Another problem I seem to have is I can clearly see the trades when you guys post them, but for some reason I have trouble spotting them as they occur. Thanks to the recent posts by Domas4 and TAH, I've been able to see the potential set-ups in a new light. However, I still have a long journey ahead of me.

I feel as if I'm getting closer, but it's still two steps forward, one step back. I guess the important thing is to continue taking that next step.

Thanks for everything y'all provide toward my (our) learning experience.

  • #38,219
  • Aug 1, 2012 5:06am Aug 1, 2012 5:06am
I guess if you are a "glass half full" kind of person, you might look at this graph and see progress.

It clearly shows my glaring mistakes along the way!

Gotta keep on shufflin'

Inserted Video
Attached Image (click to enlarge)
Click to Enlarge Name: July 2012.png Size: 42 KB
  • #38,220
  • Aug 1, 2012 5:27am Aug 1, 2012 5:27am
Quoting ArtfulDodger
I guess if you are a "glass half full" kind of person, you might look at this graph and see progress.

It clearly shows my glaring mistakes along the way!

Gotta keep on shufflin'

http://www.youtube.com/watch?v=mQSTTk7YNL8
What were those mistakes?
cut losses short, let profits run.
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