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Sonic R. System

  • #43,381
  • Jan 25, 2013 4:01am Jan 25, 2013 4:01am
Quoting SCopier
Sonic System is great, but sometime we broke the rule
"Don't trade what you think but trade only what you see"

(is it true that my sentence structure?)
Don't worry about your sentence structure. A lot worse than that is going on, here on the thread. Sonicers (if we really are), let's try it one more time.......

"....Let the Dragon and PA show the way!" - Master Sonicdeejay

Look, I'm "guilty as charged" right along with some others here. We've got to stop picking H/Ls and stop predicting where price goes!

I think all should agree, right now kotlt is the top Sonicer here! And why? .....Never breaks this rule!
  • #43,382
  • Jan 25, 2013 4:05am Jan 25, 2013 4:05am
i hav folow this tread for 6 month try to post my opinion about GU.with hight volume off selling and folow by next candel bull is seem like a sell lost hunt and prepare for bull.
BTW sorry for my pool inggrish
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FROM ZERO TO HERO
  • #43,383
  • Jan 25, 2013 4:12am Jan 25, 2013 4:12am
I didnt trade GU pair, but my viewed will go to RDL

Try to combine with TL

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  • #43,384
  • Edited 5:06am Jan 25, 2013 4:27am | Edited 5:06am
!!! CONTEST !!!

Sonicers, let's have a contest. Let's see who can break any of Master Sonicdeejay's recommendations first.....

1. Trade the London session.
2. Let the Dragon & PA show the way.
3. Trade what you see, not what you believe.

If any Sonicer does not understand the full meaning and scope of these statements, then you should not be trading. Go back to post #1, and start again, with diligence. And this time you might want to read the Sonic R. System Manual. I mean actually read it! Don't just look at the pretty pictures.

To the winner of this contest goes our Grand Prize of pain, suffering and loss of money!
(To be eligible, you must post a chart of your trade evidencing your complete disregard for the system.)


Please refer any questions to kotlt ( ), the Honorary Master of Ceremonies for this contest,
-tah
  • #43,385
  • Jan 25, 2013 5:35am Jan 25, 2013 5:35am
Sometimes you are painfully funny i hereby apply to subscribe to the contest. Am happy to partake with kotit to realign this thread
Know News/time; WAIT for Edge Entries, MPLC Normalization, Exits & TP's..
  • #43,386
  • Edited 7:11am Jan 25, 2013 6:07am | Edited 7:11am
Sonic Rules.

1. Do not Over trade big during Asian Session.. Most of the best Set Up or Proper trend occur at/after London Opens.

2. Do not Over trade, as a soniker you shouldn't have more than 10 trades a week.

3. Let your winner runs, while appropriate and resonable SL is recommended.

4. Never add a losing positions aka average your positions.


5.



Inserted Video



Sonic
  • #43,387
  • Jan 25, 2013 6:31am Jan 25, 2013 6:31am
hi guys:

here is some quotes from "Hedge fund market Wizards" by Jack Schwager, i consider to add on the rules:
1. to set the stop loss, you decide where the market decide the set up you taking is wrong, that determines where the stop levle should be, then you work out how much you are willing to risk on that set up, to set the position size.
2. a trader role is take action in response to prevailing market FACTS, rather than forecasting turning points.
3. Flexibility is an essential quality to successful trading, it's important not to get attached to an idea and to ALWAYS be willing ot get out of a trade if the price action is inconsistent wiht the trade hypothesis. George Soros is a master of flexibility, cited by Colm O'shea.

have a nice day

Quoting sonicdeejay
Sonic Rules.

1. Do not Over trade big during Asian Session.. Most of the best Set Up or Proper trend occur at/after London Opens.
2. Do not Over trade, as a soniker you shouldn't have more than 10 trades a week.
3. Let your winner runs, while appropriate and resonable SL is recommended.
4. Never add a losing positions aka average your positions.
4.



http://www.youtube.com/watch?v=jhC1pI76Rqo


Sonic
seeing through
  • #43,388
  • Jan 25, 2013 6:47am Jan 25, 2013 6:47am
GU enter Long setup
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FROM ZERO TO HERO
  • #43,389
  • Jan 25, 2013 6:51am Jan 25, 2013 6:51am
Well wish you all the best for future trading.

This is my big goodbye from the thread, its been nice knowing you guys, but as of this morning my trading career, came to an abrupt end.

Blown yet another account by over trading and adding to losing positions, the eurjpy move was the last straw, took me 8 months to build to a 5 figure account and 2 days to destroy.

By careful in these markets guys, very dangerous.

Maybe one day I will be back, but I doubt it.

Farewell guys !!!
  • #43,390
  • Jan 25, 2013 6:56am Jan 25, 2013 6:56am
Quoting andyvxr
Well wish you all the best for future trading.

This is my big goodbye from the thread, its been nice knowing you guys, but as of this morning my trading career, came to an abrupt end.

Blown yet another account by over trading and adding to losing positions, the eurjpy move was the last straw, took me 8 months to build to a 5 figure account and 2 days to destroy.

By careful in these markets guys, very dangerous.

Maybe one day I will be back, but I doubt it.

Farewell guys !!!
So sad to hear that.

Hope you will come back soon and be better. It's a part of this forex game.
Keep Simple...!
  • #43,391
  • Jan 25, 2013 7:01am Jan 25, 2013 7:01am
Quoting andyvxr
Well wish you all the best for future trading.

This is my big goodbye from the thread, its been nice knowing you guys, but as of this morning my trading career, came to an abrupt end.

Blown yet another account by over trading and adding to losing positions, the eurjpy move was the last straw, took me 8 months to build to a 5 figure account and 2 days to destroy.

By careful in these markets guys, very dangerous.

Maybe one day I will be back, but I doubt it.

Farewell guys !!!
same as me EJ pair make my account lost alot.
FROM ZERO TO HERO
  • #43,392
  • Jan 25, 2013 7:06am Jan 25, 2013 7:06am
Quoting andyvxr
Well wish you all the best for future trading.

This is my big goodbye from the thread, its been nice knowing you guys, but as of this morning my trading career, came to an abrupt end.

Blown yet another account by over trading and adding to losing positions, the eurjpy move was the last straw, took me 8 months to build to a 5 figure account and 2 days to destroy.

By careful in these markets guys, very dangerous.

Maybe one day I will be back, but I doubt it.

Farewell guys !!!
Farewell.. Andy..
Pls take a break,,, big one..if u must..
Read more, enjoy time with your love ones..

Sonic
  • #43,393
  • Jan 25, 2013 7:12am Jan 25, 2013 7:12am
Quoting forexisfine
GU enter Long setup
Nice set up.. TP mean.. move ur SL @ BE when it hit.


Sonic
  • #43,394
  • Jan 25, 2013 7:12am Jan 25, 2013 7:12am
Its a Big warning to us all to desist from speculation and maintain only sonic rules. Its a bloody world out there remain under the sonic bunker and hopefully u will survive. Sorry bro. More cooperation needed among us
Know News/time; WAIT for Edge Entries, MPLC Normalization, Exits & TP's..
  • #43,395
  • Jan 25, 2013 7:19am Jan 25, 2013 7:19am
Quoting sonicdeejay
Nice set up.. TP mean.. move ur SL @ BE when it hit.


Sonic
yes sir, as u said
FROM ZERO TO HERO
  • #43,396
  • Jan 25, 2013 7:24am Jan 25, 2013 7:24am
Quoting andyvxr
Well wish you all the best for future trading.

This is my big goodbye from the thread, its been nice knowing you guys, but as of this morning my trading career, came to an abrupt end.

Blown yet another account by over trading and adding to losing positions, the eurjpy move was the last straw, took me 8 months to build to a 5 figure account and 2 days to destroy.

By careful in these markets guys, very dangerous.

Maybe one day I will be back, but I doubt it.

Farewell guys !!!
Hello andyxr,

Blowing accounts is part of the learning process for most. It was for me.

A while back, Sonic posted a video about floor trading here in Chicago, and in that video, a guy described the market as a big whore that
is out to f**k as many people as it can.

I've also lost close to 5 figures Took some time off, and came back. Now I start every day fresh, and only take it 1 trade at a time, and only focus on 3-4 pairs, and I stopped taking trades based on what I or others think should happen next because of x or y.

If you decide to come back, I know you''ll only do better.

Prosperous regards.
  • #43,397
  • Edited 8:23am Jan 25, 2013 7:49am | Edited 8:23am
Quoting andyvxr
Well wish you all the best for future trading.

This is my big goodbye from the thread, its been nice knowing you guys, but as of this morning my trading career, came to an abrupt end.

Blown yet another account by over trading and adding to losing positions, the eurjpy move was the last straw, took me 8 months to build to a 5 figure account and 2 days to destroy.

By careful in these markets guys, very dangerous.

Maybe one day I will be back, but I doubt it.

Farewell guys !!!
Andy,

No, not "Farewell."

As Sonic said, just stop trading live. Take whatever time you need to save up your next stake, and meanwhile relax, reflect and renew. And even while you are building your next stake, get back into demo trading. This is all a matter of strict discipline in responding to a market that has changed direction from your trade, as well as trade size.

Andy, I've been where you are. I know. And I still wrestle with the demons within that I have allowed to break me in the past.

My friend, never ever give up! Get mad. Get commited. Get disciplined. Get started on building a new stake. And meanwhile, get back on the horse with demo trading until you prove to yourself you are worthy of trading live again. Trading demo accounts is very important. The lack of discipline is the presence of bad habits. Practicing good habits and doing this repeatedly over time is the only way to eradicate bad habits, replacing them with the good ones. And that is how you prove to yourself that you have become worthy again. So you need to demo trade, to practice good habits consistently until they have replaced the bad. You see, it is not just a matter of getting to the point of growing a demo account. It is how you grow the account. It is getting to the point of growing an account due to the practice of good habits, and the total absence forevermore of those bad ones. It takes time invested in partnership with the exercising of constant commitment and vigil. Otherwise, the time and "effort" are meaningless because the bad habits have not been eradicated, and they will come back and kill you. Most aren't willing to do it that way.

Your Friend and Encourager,
-traderathome
  • #43,398
  • Jan 25, 2013 7:57am Jan 25, 2013 7:57am
GU: Entered long. Have been watching this. Due to extreme market volatility yesterday, I have been very wary of matters. I wanted to see this come back down to test a resistance level and see if it acted as support. Price just did this, and I entered. Still, there is the USD release in about an hour. Price could be wacked again down to a support level. Maybe a lower one. There is just no telling. So, I watch PA with a mental SL for the time being, and a target in the RDH area that is tentative.
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  • #43,399
  • Jan 25, 2013 8:02am Jan 25, 2013 8:02am
hi Andy:

you are not alone, evey trader has similar experience. i lost AUD$30,000+ and spent 3 years to turn to positive result, like many others, i believe in myself and never give up!!.

take a rest, read some good books. trading like many other things in life, the ture enemy is inside yourself, not the market.

looking forward you coming back.

cheers


Quoting andyvxr
Well wish you all the best for future trading.

This is my big goodbye from the thread, its been nice knowing you guys, but as of this morning my trading career, came to an abrupt end.

Blown yet another account by over trading and adding to losing positions, the eurjpy move was the last straw, took me 8 months to build to a 5 figure account and 2 days to destroy.

By careful in these markets guys, very dangerous.

Maybe one day I will be back, but I doubt it.

Farewell guys !!!
seeing through
  • #43,400
  • Jan 25, 2013 8:05am Jan 25, 2013 8:05am
Quoting traderathome
GU: Entered long. Have been watching this. Due to extreme market volatility yesterday, I have been very wary of matters. I wanted to see this come back down to test a resistance level and see if it acted as support. Price just did this, and I entered. Still, there is the USD release in about an hour. Price could be wacked again down to a support level. Maybe a lower one. There is just no telling. So, I watch PA with a mental SL for the time being, and a target in the RDH area that is tentative.
GU was a bitch today. Anyway, I'm still short on it, let's see what happens... although I have a bad feeling.
“A year from now you will wish you had started today.” -Karen Lamb
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