Sonic R. System

Forget it umbro, actually it is the market driving everyone crazy. Tah is very busy - sometimes to save time he may not reply to all questions but that does not mean anything - he cares for all.

So, Be Back, my Good Fellow and help make the Quorom ! Cheers !

cmon guys! lets focus on trading this thread has been peaceful and tranquil lately! LOL, dont let your losses affect your emos!
i dont know how long i have to trail this its almost time for me to sleep.

closed +36 goodnight fellas!

ENTERED LONG USD CAD and still short on GBPUSD..

My friend Shooter i quess you were the right one this time about gbpusd

We gonna see who is the right .. Are you still short in EurJpy ?? Was nice entry ...

I'm out 41+ pips thanks man

nice shot loucas

I am now flat the market. It has been a good trading week. I just want to say thank you to Tah who takes alot of time sharing his insight into the market. If everyone will just listen and reflect. Tah you go beyond the call of duty. I have really enjoyed your commentary on volume and your take on the setups. Thanks again.

hit take profit +28

Close my position manually -25 pips ( sorry i can not post the pic now ..)

Have a nice weekend everybody ..

Let´s see if this was a second possible selloff candle around a previous tested demand area, and if it might run into profit.

Ep at the arrow.

SL is mental as well as TP.

Regards,

H.

Ok. You said your point i agree partially...now... i'd like to say mine with the intention to mantain the discussion at acceptable levels without offending anyone. We are both for democracy and possibly freedom of speech.
Now, there are the big boys and there are the "little boys" (us...it's not United States it's us, we, noi, watashitachi...i'm joking). They are managing billions of dollar (not their money) in hedge funds and other. Instead, We're managing our money (the money I get from my/your normal job). They are on other TM (4hrs, daily) because it's not feasible to go down and we're on the 15M. It's a rational and logical concept. They move the market and on the moves we make money. We can make better because we'are thin and more flexible.
This is my return on the month (which is unreliable for a big one):

This Month +13.89% (+16.39%) $310.80 (+$503.20) 134.50 (+147.9) 75% (0%) 28 (-12) 5.60 (-5.93)


Recently I read about a survey made on forexfactory.com stating that the average age for a FXtrader is between 25-35 years (I'm not sure if a remember well). Anyway, let's go down to the money. I'm sorry for those who don't like but with pips only you cannot buy food. I'm sure here there are many on a demo account wanting to learn...and it's ok...but your goal is making real money one day...I suppose.
Average salary for a normal person is 40.000-50.000 bucks annually (I suppose...may be less recently).
You want to make some money in to the market. you have a 20.000 $ account without considering leverage which is a knife against us. I use leverage but I'm ready to deposit more money on my oanda account if needed. I don't want put a lot of money because they ask 15$ per withdrawal (the first one is free).
If you make 10% (which is a lot) you make 2000$ per month. That's great in my mind.
Now, we are on the 15M, right ?
Take a look at this:

Capital/Equity: $20,000.00
Risk per trade: 2.0%
$ risk per trade: $400.00
Stop loss: 40
Lots enter: 1.00
Oanda Units: 100000
Pip Value: $10.00
Shots before ruin: 50

I take a risk of 2% (which is the standard). I have 50 shots available before blowing out my account.
If I increase my SL to 100 pips the risk per trade is 1000$ per trade and the number shots decrease of more than 50%. Can you manage to loose 1000$ per trade (it's the 2% of your annual salary or about the 25% of your montly salary) and loose your account in less than 25 shots ? I cannot. My stomach is too weak and also my bank account.
Moreover, managing a SL of 100 pips means (if you want to be successfull on the long term) you need a Risk:Reward of at least (at least...it should be more) of 1:1 on every single trade.
Now, is it feasible to make 100 pips gain on every trade on the 15M. I don't think so. Whatever there are rich people who can do this. I'm not one of them. Take care of yourself and think when you'll put your hard earned money on the table.

great post! I wish more posts were like this because money management is equally important for a successful sonic and so are stop loss discussions and setting them appropriately.

I'd like to add more. There are traders who can trade more (1% or less of risk). They have talent. I'm not one them.
Let's take some trades and don't give up.

U

Today is not open the market .. but i want to post something .. so i take a nice set up from yesterday (few hours before the market close )

nice long set up on eurjpy

Also same time very nice long set up on GbpJpy (gives until 45 pips - not so bad ..)

Also UsdChf was an excellent long set up ( i take some pips from this one )

Aud gives a short set up (gives until 26 pips)

Umbro, I agree with Jdtrader. You contributed a great post there! I hope all Sonicers that do not yet have a firm money management method will not just read your post, but will both read it and think on it really well. And perhaps put it into play as their money management method.

Since you are new, and have not read the thread, something I've said in the past you are not familiar with. And it might help you understand some of what I do. I have always held to the belief that posted trades should only reflect pips gained or lost between the entry and the exit (at TP or SL). There are two reasons for this. One reason is to keep posts from exaggerating profits by showing large trade size and small distance between entry and exit. That distance might only be 5 pips. But a poster might claim to have traded 10 lots and so would state a gain of $500. That could be true, but nevertheless the evaluation of the trade would still have to be that it was only a 5 pip distance trade. The other reason is to allow all Sonicers to feel comfortable here. Some may have large accounts and some may have very small accounts. Therefore, some might trade in lots, and others in mini-lots, and others in micro-lots. In my method, nobody reveals the size of their trades. That way, rich folks won't have to feel that this place is not for them if they see a lot of mico-lot traders. And folks without a lot of money won't have to feel intimidated if they see others trading in lots. Why? Because we won't reveal the size of our trades. What we will reveal is the pips between entry and exit. Period! And everybody is therefore on an equal basis, no matter the size of their accounts. This is the best, most fair method of posting trades, for one and all!

So, when you say, "...with pips only you cannot buy food...", you are certainly correct. Food costs money. But we are not buying food here. What we are doing is evaluating the Sonic R. System, from posted trade to posted trade. A trade that gains 20 pips is good. A trade that gains 50 pips is better. Some might be making 10 cents a pip, and others might be making 10 dollars a pip. But that is their secret, and not to be revealed because nobody cares about this. What everybody cares about, and the only thing they care about, is that the Sonic R. System works, and that everyone, rich or poor, has a chance to use it to improve financially. Not one person has come to the Sonic R. System thread because they wanted to see someone else trading in multiple lots. Nor has anyone come here to because they wanted to see folks that were trading in micro-lots. Everyone who has come here (rich or poor) has been looking for a trading system that they can use to improve financially, one that is presented in such a manner that everyone can achieve equality of skill.

My Week With The Sonic R. System:

Opened and closed six new trades, all gainers, for 234 pips gained EPs to TPs.
Also opened five trades that are still open, and as a group have gained 21 pips as of the end of the week.
Last week I had a trade not closed by the end of the week. It is still open, and has gained 67 pips as of the end of this week.