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Sonic R. System

  • #43,441
  • Jan 28, 2013 3:23am Jan 28, 2013 3:23am
Quoting Zelda
UPDATE EUR/JPY Scout trade long, may not come to anything, still have one SonicR short open against it, stops in place, we'll see what happens.....
In the larger picture, there is support around 121.30, about 55pips below. And then, the lower whole number area. This could be a target area. It is a good enough run for SM to jockey the price for a while, to build good before taking it down there. A bear move down for a couple days of rebuilding for a trend move up again? Who knows?
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  • #43,442
  • Jan 28, 2013 3:32am Jan 28, 2013 3:32am
EJ enter short, dragon is angel down. PA weaknes at the top. is seem like is disribution SM is build short position. PA back test resisten
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FROM ZERO TO HERO
  • #43,443
  • Jan 28, 2013 4:58am Jan 28, 2013 4:58am
Quoting traderathome
In the larger picture, there is support around 121.30, about 55pips below. And then, the lower whole number area. This could be a target area. It is a good enough run for SM to jockey the price for a while, to build good before taking it down there. A bear move down for a couple days of rebuilding for a trend move up again? Who knows?
Looks like its going to be one of those days. Long scout trade going with the trend failed, price shot down and nipped stop losses under the low, price then shot back up and no doubt caused some grief for anyone who tried a late Sonic short entry.

Yeah, who knows? In the meantime this seems like good advice....

Quoting sonicdeejay
Do not trade not more than 2 trades a day, keep the over-trading at bay..

Sonic
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  • #43,444
  • Jan 28, 2013 5:19am Jan 28, 2013 5:19am
eu shorted m15, lets see the market do its job.....
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  • #43,445
  • Jan 28, 2013 5:37am Jan 28, 2013 5:37am
Quoting alrightfrank
eu shorted m15, lets see the market do its job.....
Better to see the market drop from this area than for it try and make another leg up. Think that might be a bit of a struggle. My pending entries are a little more cautious.

Do you mind me asking why you prefer to enter a short now instead of waiting for a break of the low? A break of the low would seem to be a more conventioanl SonicR entry. I've seen quite a few traders enter the way you have on this trade and i was just curious. Anyones opinions would be interesting. Thanks
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  • #43,446
  • Jan 28, 2013 6:47am Jan 28, 2013 6:47am
Quoting Zelda
Looks like its going to be one of those days. Long scout trade going with the trend failed, price shot down and nipped stop losses under the low, price then shot back up and no doubt caused some grief for anyone who tried a late Sonic short entry.

Yeah, who knows? In the meantime this seems like good advice....
Try zoom setting "3" on Dragon, Candles and Volume indys when switching the chart zoom to have wider candles.
  • #43,447
  • Jan 28, 2013 6:51am Jan 28, 2013 6:51am
Quoting Zelda
Better to see the market drop from this area than for it try and make another leg up. Think that might be a bit of a struggle. My pending entries are a little more cautious.

Do you mind me asking why you prefer to enter a short now instead of waiting for a break of the low? A break of the low would seem to be a more conventioanl SonicR entry. I've seen quite a few traders enter the way you have on this trade and i was just curious. Anyones opinions would be interesting. Thanks
i dont mind at all mate, i simply prefer an aggressive entry mate nothing special, instead of waiting for the price to break the 1st leg.
  • #43,448
  • Jan 28, 2013 7:15am Jan 28, 2013 7:15am
Quoting traderathome
Try zoom setting "3" on Dragon, Candles and Volume indys when switching the chart zoom to have wider candles.
Thanks! So much better

Quoting alrightfrank
i dont mind at all mate, i simply prefer an aggressive entry mate nothing special, instead of waiting for the price to break the 1st leg.
Ok, cheers. it does seem quite aggressive, no doubt you must gain quite nicely at times with those earlier entries. I saw it quite often when reading the earlier posts in this thread, it was more common back then to see people using EP1 and EP2 and even EP3 sometimes. But in this stage of the thread people appear to do it less often, now they just have a single EP, and its quite often the more aggressive one. I guess its a matter of tolerance but i just thought there was maybe something more to it that i was missing, like a very specific manifestation of PA or spread volume or something like that. Was just curious, thanks.
  • #43,449
  • Jan 28, 2013 7:15am Jan 28, 2013 7:15am
CT but silver do look bullish..


Sonic
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  • #43,450
  • Edited 7:46am Jan 28, 2013 7:36am | Edited 7:46am
Quoting Zelda
Thanks! So much better



Ok, cheers. it does seem quite aggressive, no doubt you must gain quite nicely at times with those earlier entries. I saw it quite often when reading the earlier posts in this thread, it was more common back then to see people using EP1 and EP2 and even EP3 sometimes. But in this stage of the thread people appear to do it less often, now they just have a single EP, and its quite often the more aggressive one. I guess its a matter of tolerance but i just thought there was maybe something more to it that i was missing,...
honestly i dont know how to use volumes, i just use it to know if theres a start or lots of activities already happening behind the market, no more than that. i still stick to SR and PA setup within that areas. as i also observed market movements are different than the way it was, i think market behaves so different now. maybe the seniors will be able to explain more on this.
  • #43,451
  • Jan 28, 2013 8:06am Jan 28, 2013 8:06am
Quoting alrightfrank
honestly i dont know how to use volumes, its just i use it to know if theres a start or lots of activities already happening behind the market, no more than that. i still stick to SR and PA setup within that areas. as i also observed market movements are different than the way it was, i think market behaves so different know. maybe the seniors will be able to explain more on this.
Thats the way i use VSA too, just taking note of the activity. I find this EP thing interesting because for a more mechanical and systematic trader the choice between having a slightly closer or further away EP can sometimes make a world of difference. ESPECIALLY if you mechanically move your stop to break even on all your trades as they advance into profit.

Take for example the hypothetical example in this screen shot. The trader always strives to move their stop to break even after their trade is in profit by 30 pips. See how if you entered prematurely at Entry Price A, your stop would be clear of any pullbacks that would have taken you out of the trade.
But then notice another trader who manages their trade the same but yet enters further away at Entry Price B. They think they are being more cautious by entering at a later point and gaining further confirmation of where price and the dragon are going. But when they apply the same trade management philosophy and move their stop to break even after 30 pips, price then pulls back and takes them out of the trade. Unless they find a suitable re-entry they miss the opportunity to ride the trend for the rest of the day.

Does that make sense? Its quite a hypothetical example of course, but this is a conundrum that i face on almost a daily basis, hence why i wanted to ask you about your early entry point.

I dunno, but i think its largely (not entirely) a matter of swings and roundabouts, personal tolerance basically. Sometimes it will work out the one way, other times, the other way. But over time the two approaches ought to balance out quite a bit. The important thing i find is to systematically stick to the one approach, either one or the other, not to mix them, at least that's what works for me. I hope this makes at least some sense.
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  • #43,452
  • Jan 28, 2013 8:07am Jan 28, 2013 8:07am
some of you know explain to me why, if they come out positive data for the U.S. dollar falls is not increasing?
  • #43,453
  • Jan 28, 2013 8:24am Jan 28, 2013 8:24am
Quoting kotlt
Close this UJ long for loss. Short EJ, SL 122.64 , EP 121.72
SL hit , close winning trade to open lose trade. Bad decice.
Keep Simple...!
  • #43,454
  • Jan 28, 2013 8:29am Jan 28, 2013 8:29am
Quoting Zelda
Does that make sense? Its quite a hypothetical example of course, but this is a conundrum that i face on almost a daily basis, hence why i wanted to ask you about your early entry point..
sonicr suggests 80pips for SL but personally i cant tolerate such loss if it hits my account, i believe sl's and tp's are subjective to every trader. my aggressive entries were just all based on h1 SR and PA setup as it occurs on m15/m5 following daily market flow. i find 1:1 ratio more effective than trying to capture the whole move and self control also helps a lot, no setup no entry kinda thing, not everyday theres a sonicr setup. and lastly just let the ema aka dragon lead the way like the ex. below.
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  • #43,455
  • Jan 28, 2013 8:33am Jan 28, 2013 8:33am
Quoting cris81
some of you know explain to me why, if they come out positive data for the U.S. dollar falls is not increasing?
Do you really expect the market to tell you right away what it is going to do?

Face it! The market is highly manipulated, and expecially after important releases. Good news for dollar? Think EU and GU, etc, are going to go immediately down? Might. But also, might swing up so SM can get good shorts and bring it back down later, maybe next day, maybe further out than that, etc. Or, prices might just range, as SM collects a short position before running prices down sometime later.

Things are not orderly and predictable. Which is exactly why you should ignore the news content altogether and just be aware of when news is coming out, so as to not be in a trade right at that time.
  • #43,456
  • Jan 28, 2013 8:43am Jan 28, 2013 8:43am
Quoting traderathome
Do you really expect the market to tell you right away what it is going to do?

Face it! The market is highly manipulated, and expecially after important releases. Good news for dollar? Think EU and GU, etc, are going to go immediately down? Might. But also, might swing up so SM can get good shorts and bring it back down later, maybe next day, maybe further out than that, etc. Or, prices might just range, as SM collects a short position before running prices down sometime later.

Things are not orderly and predictable. Which is exactly why...
i totally aggree with tah cris, here is one example that market behaves differently now imho. prior to this move up there was a seemingly perfectly short entry, and then bam!!! thats why we have to implement protective measures like proper trade management and control of SL.

this one shot my sl @ be+
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  • #43,457
  • Jan 28, 2013 8:43am Jan 28, 2013 8:43am
I did not open trade today, but it was only a question to understand better.

is a constant struggle against manipulation (SM), did not believe that they did so consistently ....

especially by analyzing the fundamentals of the economy at this time we are close to the paradox, in which the strong currencies are not of those who have the raw materials, but resells the products and services ... (Excluding the U.S. dollar)
  • #43,458
  • Jan 28, 2013 8:53am Jan 28, 2013 8:53am
Quoting cris81
I did not open trade today, but it was only a question to understand better.

is a constant struggle against manipulation (SM), did not believe that they did so consistently ....

especially by analyzing the fundamentals of the economy at this time we are close to the paradox, in which the strong currencies are not of those who have the raw materials, but resells the products and services ... (Excluding the U.S. dollar)
If you want to be successful trading the forex market, toss all your learnings about fundamentals of economies into the trash! Those gigantic firms (giganitic in $$ resources) don't give a hoot nor holler for all that crap. They look for opportunities to move prices to make them money, and to hell with the news and high falutin' economic priniciplesl They'll pick you clean.
  • #43,459
  • Jan 28, 2013 9:01am Jan 28, 2013 9:01am
Quote
If you want to be successful trading the forex market, toss all your learnings about fundamentals of economies into the trash! Those gigantic firms (giganitic in $$ resources) don't give a hoot nor holler for all that crap. They look for opportunities to move prices to make them money, and to hell with the news and high falutin' economic priniciplesl They'll pick you clean.


you you're damn right it is the last time I became aware of all this.
  • #43,460
  • Jan 28, 2013 9:52am Jan 28, 2013 9:52am
AU: Entered long. This adds to other open long trades to be closed in the future.
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