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Sonic R. System

  • #49,401
  • May 22, 2013 10:11am May 22, 2013 10:11am
I really want to echo Sonic's concerns today about adding to losing positions. I think it can be done effectively but it seems how some are trading in this thread is just downright wreckless. The are heading in one direction. To account destruction.

I've said before that I think the Sonic Scout has value but should complement Sonic Classic trades. It seems this thread has been completely overthrown by sonic scout trades.

Someone raised the point earlier; why doesn't the Sonic trading system show their live trading results on the thread like others do. I'd hazard a guess and say that TaH is not a profitable trader. If he is, he won't be over the long term given his current trading methods. I respect TaH for all the hard work he has poured in to this thread but I want to caution others in taking his word and trades as gospel.

I have worked at a large bank and know many others who have worked as traders at large firms. They are not as conniving as TaH makes out. They all do not have prior knowledge to information before it has been released for example. I guess what I am trying to say is, the are all not trading in the same direction with the exact same trading strategy. They do not have the power to push the price down and then buy up big knowing that they are on their way to making easy money. It is a 3 trillion a day market.
  • #49,402
  • May 22, 2013 10:14am May 22, 2013 10:14am
Quoting DmitryFX
{quote} Try to delete "Filled Dragon" from all charts. Will it be faster?
Yeah DmitryFX, seems like an old times
Whatever is obvious is obviously wrong!"
  • #49,403
  • May 22, 2013 10:26am May 22, 2013 10:26am
Quoting loeil
{quote} 1 lot size trading??? oh my goodness..I trade micro lots 0.01 and I'm glad of it and I don't need to worry if trades goes to minus about 200 pips. And TAH is already said that its absolutely neccessary to trade VERY SMALL lot sizes!!!! To catch 2 pips with 1 lot size, this is not trading!!!
LOL who says about catching 2 pips, that would be a joke.

Lets put it this way, say your goal is to at least replace your day job by earning $4000 a month (conservative figure)

This is roughly about $48k per anum (let's round it up to $50k). I'd say this about the average income for US, UK, Aussie, and most western country,
(surprisingly enough, IMO this is just a salary for fresh grad uni students)

You dont get rich by earning this much, however for a start you might be contempt if you want to make a career out of trading.

That equals to 400 pips a month if you trade 1 standard lot, or 800 pips if you trade 0.5 standard lots, OR 4000 pips for 1 mini lot.
4000 pips a month, means you are aiming at 1000 pips a week OR 200 pips a day for 1 mini lot.

Now think about it this way, is it easier to earn 4000 pips a month or 400/800 pips a month with a risk to reward ratio at least 1 : 1 ??

Now that's only a conservative goal of trying to earn $4000 a month, anyone here would agree they want heaps more than that.

Any professional trader or anyone who make a living solely by trading at least trade in 1 standard lot.
(I've heard 3 to 4 standard lots is more likely up to 10 standard lots)

So if at some point that's the goal, why would we learn about a strategy that have thousands of drawdown?

Let's be realistic here, we are here to earn money not pips.
  • #49,404
  • May 22, 2013 10:27am May 22, 2013 10:27am
Quoting FXaddicted
I really want to echo Sonic's concerns today about adding to losing positions. I think it can be done effectively but it seems how some are trading in this thread is just downright wreckless. The are heading in one direction. To account destruction. I've said before that I think the Sonic Scout has value but should complement Sonic Classic trades. It seems this thread has been completely overthrown by sonic scout trades. Someone raised the point earlier; why doesn't the Sonic trading system show their live trading results on the thread like others...
He does better than that, he posts real time here o the thread with pictures of where he gets in and out and why which is much more informative. Nothing hidden, warts and all. Some brokers do not use MT4 so posting live accounts not possible.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #49,405
  • May 22, 2013 10:30am May 22, 2013 10:30am
PVSRA, EJ: MMs Bulls or Bears?

It is clear. Look at M15 and see that the MMs hiked the price to above the half number SR and above the RDH level, and what did they do then? They increased their trading! All four of the highest activity bars for the day are strikes above these two keynote levels! It doesn't get any clearer than this!

Ok, I can hear some of you already, commenting about the nice bull run up, a Classic for 100 pips. Sure, and that is a valid trade. Any Classic could turn out good, though many don't. You take your chances and protect yourself with money management. It works. However, knowing if the MMs are bulls or bears, and waiting for the Classic in that direction is far more safe. And it could be the next Classic setup that happens on this pair.
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  • #49,406
  • May 22, 2013 10:39am May 22, 2013 10:39am
PVSRA is for those with powerful Holding Power.

Adding position to a losing position is fine. If there is potential in that trade.
Any trade that no longer have potential should be close as it take away your future earning and current earning.

PVSRA shows the MM direction so the trade that most of the Scout Traders here hold still had that very potential to close in Break Even or Profits.

As long you got the holding power, things should be alright.
Trading is something special.
  • #49,407
  • May 22, 2013 10:44am May 22, 2013 10:44am
Just a Plain Ole Comment

Well, the naysayers are back out. All it takes is one climatic action day and they crawl out of the woodwork to blame and defame.

Me? I am the only person in all of Forex Factory that has posted trades real-time for more than five years. So, any bullshit defamers just show themselves to be what they are,....stupid!

And all the talk, "I know folks that are in the business professionally......blah, blah, blah...". Well, if you do, and you have confidence in the knowledge they profess to have and what they tell you, then post the trades they feed you and let us all see how they work out!
  • #49,408
  • May 22, 2013 10:52am May 22, 2013 10:52am
Quoting FXaddicted
I have worked at a large bank and know many others who have worked as traders at large firms. They are not as conniving as TaH makes out. They all do not have prior knowledge to information before it has been released for example. I guess what I am trying to say is, the are all not trading in the same direction with the exact same trading strategy. They do not have the power to push the price down and then buy up big knowing that they are on their way to making easy money. It is a 3 trillion a day market.
I too doubt that the market can be manipulated that easily.

Check this video ex Goldman Sachs Trader Tells Truth about Trading

Inserted Video


He was the guy in the million dollar trader tv series. At one point when I watched the series, I thought this guy full of it.
Turn out, he used to work at Goldman Sachs managing up to 250million account at his peak (If I remember correctly from the interview).

He also mentioned that while they get more accurate information on news, all of infos are available for public too.

I believe only central banks who can manipulate the market to a certain degree.
  • #49,409
  • May 22, 2013 10:52am May 22, 2013 10:52am
Quoting baokydev
PVSRA is for those with powerful Holding Power. Adding position to a losing position is fine. If there is potential in that trade. Any trade that no longer have potential should be close as it take away your future earning and current earning. PVSRA shows the MM direction so the trade that most of the Scout Traders here hold still had that very potential to close in Break Even or Profits. As long you got the holding power, things should be alright.
I'm sorry but I disagree with you. PVSRA is a tool to analyze the price behavior in specific points. The problem is when you use PVSRA as a trade system. PVSRA should be use to determine if MM's are bulls or bears. Once you know that, you should wait a classic entry to enter the market. I want to remember you that MM's are bears in UJ since 98-99 (TAH's words), that is 400-500 pips ago. 400-500 pips you could save if you wait for a proper classic entry. This is not my first time talking about this problem.

PVSRA is an awesome tool, but it's a tool to use with classic SonicR System. Some of you are trading based only on volume and "price crosses half number", well, in UJ it crosses 98.5,99,99.5, 100, 100.5, 101, 101.5, 102, 102.5, 103 and now 103.5. And that, as you can imagine, is a problem.


And you say "yes, but the potential is awesome" when that is a lie. If you trade with low risk, with something like 1-2% of your bank, your profit will be the same, 1-2-3%, normally no more than that. And I can do that with classic entries without having to wait weeks.

Best, Tymedu.
To fail is just an opportunity to learn
  • #49,410
  • May 22, 2013 10:57am May 22, 2013 10:57am
A Climatic Day in the Market

Yet moves were not all that extravagant. Ranges were not incredibly violated. Volumes were not so hot, either. The pot is still on the burner, but the contents are getting quite overdone.

Just an example.......
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  • #49,411
  • May 22, 2013 11:06am May 22, 2013 11:06am
Quoting FXaddicted
I really want to echo Sonic's concerns today about adding to losing positions. I think it can be done effectively but it seems how some are trading in this thread is just downright wreckless. The are heading in one direction. To account destruction. I've said before that I think the Sonic Scout has value but should complement Sonic Classic trades. It seems this thread has been completely overthrown by sonic scout trades. Someone raised the point earlier; why doesn't the Sonic trading system show their live trading results on the thread like others...
you are back with your criticism!! good luck with that.
Price Is The Best Indicator Itself.
  • #49,412
  • May 22, 2013 11:12am May 22, 2013 11:12am
MT4 Running Slow?

Try blaming in on the broker's server, not the indicators! This became a busy, busy day and broker servers had to try and keep up with it.

Upgrades on all the previous indys effectively made them faster, not slower. Only the Alerts might be suspect. The volume alert is not new, so that leaves the single new indicator, Trade Levels, which if you have it off is just like not even having it.

Therefore, it points back to the broker server, and it simply slows down a bit when the market traffic picks up. And some broker servers might be less sophisticated and less speedy than some others. And, if you are on a demo account, they will be slower than the servers for the live accounts when things get dicey in the market.
  • #49,413
  • May 22, 2013 11:24am May 22, 2013 11:24am
Do You See This "Off Hours" Activity?

The "off hours" of the market is when prices can be moved more easily, and therefore the MMs can take prices to where it advantages them with less investment (read that as also meaning market makers can do the same to get where orders to be filled are located).

Now, if you look at AU, EU and GU, you will see the prices drifted lower after the close of the London session. Do not think the MMs have decided to sell off in a weak market where doing so would quickly drop the price on themselves while trying to keep the price up while they sell. If the price drifts lower it is to advantage the MMs, and it is because they can close shorts and/or open longs at lower prices, i.e., at more profit! Therefore, a lower drifting price is confirmation the MMs are bulls. They were bulls before the day started. They were bulls during the day while taking prices lower. And they still are bulls, now taking advantage of the fact they can inch prices even lower with less resistance.

In case you still don't quite grasp the situation,......."Buy low, sell high." PVSRA indicates the MMs are buyers of these pairs and have been for days regardless of their price manipulations.
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  • #49,414
  • May 22, 2013 11:29am May 22, 2013 11:29am
Quoting traderathome
MT4 Running Slow? Try blaming in on the broker's server, not the indicators! This became a busy, busy day and broker servers had to try and keep up with it. Upgrades on all the previous indys effectively made them faster, not slower. Only the Alerts might be suspect. The volume alert is not new, so that leaves the single new indicator, Trade Levels, which if you have it off is just like not even having it. Therefore, it points back to the broker server, and it simply slows down a bit when the market traffic picks up. And some broker servers might...
It seems to me some brokers run slower than others, possibly even deliberately slugging their server speeds. I have not tested extensively but I noticed FXCM MT4 could lag behind say Dukascopy by up to a minute at busy times and guess what - there was no way to enter a trade in that period. Effectively you get locked out of trading in busy periods. That is why I do not trade with MT4 (or that broker). I have found the better brokers will take your trade irrespective how busy they/the market are. This really comes home to roost if you are scalping. Best advice is to have a decent broker, have their fastest platform open (this is not gpoing to be MT4) and just use MT4 for signals.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #49,415
  • Edited 11:54am May 22, 2013 11:40am | Edited 11:54am
Quoting revoli
{quote} It seems to me some brokers run slower than others, possibly even deliberately slugging their server speeds. I have not tested extensively but I noticed FXCM MT4 could lag behind say Dukascopy by up to a minute at busy times and guess what - there was no way to enter a trade in that period. Effectively you get locked out of trading in busy periods. That is why I do not trade with MT4 (or that broker). I have found the better brokers will take your trade irrespective how busy they/the market are. This really comes home to roost if you are...
Revoli,

I am not surprised to hear this stuff about FXCM. I have seen price spikes in "off hours" on their server that did not occur with other brokers, indicating they might have taken advantage of their own clients, SL hunting and triggering wrong side orders. This is a "Wall Street" broker, and for my money this outfit is cut from the same cloth as all of the "Thieves of Wall Street", unscrupulously self-serving. So, it does not surprise me they would use methods to make it difficult for clients to take advantage when prices were the most attractive, even to the extent of possibly slowing down servers or feeding back the "invalid quote" and other such nonsense when an order is submitted. I have no trust in FXCM.

As for not using MT4 as a live account platform, practically all of the time a Sonic R. System entry is made it is not going to be during a time when prices suddenly get frenetic, certainly not with Classic entries and only rarely with Scouts. With a reputable broker offering MT4, there really isn't a problem.

Perhaps scalpers might be trying to place orders when prices are frenetic, but Sonicers will be ok.
  • #49,416
  • May 22, 2013 11:51am May 22, 2013 11:51am
Quoting revoli
{quote} It seems to me some brokers run slower than others, possibly even deliberately slugging their server speeds. I have not tested extensively but I noticed FXCM MT4 could lag behind say Dukascopy by up to a minute at busy times and guess what - there was no way to enter a trade in that period. Effectively you get locked out of trading in busy periods. That is why I do not trade with MT4 (or that broker). I have found the better brokers will take your trade irrespective how busy they/the market are. This really comes home to roost if you are...
The difference between brokers feeds is well known and has been (well) expolited, although once they catch on you may as well close your account because the slippage and requotes will drive you nuts ....BTW, I assume that you are talking about Live accounts - demos are irrelevant in this context. Like you, my main trading is NOT via MT4
Trading Levels with WRBs
  • #49,417
  • May 22, 2013 12:08pm May 22, 2013 12:08pm
Quoting traderathome
{quote} Revoli, I am not surprised to hear this stuff about FXCM. I have seen price spikes in "off hours" on their server that did not occur with other brokers, indicating they might have taken advantage of their own clients, SL hunting and triggering wrong side orders. This is a "Wall Street" broker, and for my money this outfit is cut from the same cloth as all of the "Thieves of Wall Street", unscrupulously self-serving. So, it does not surprise me they would use methods to make it difficult for clients to take advantage when prices were...
Normally I agree as you will place orders in the market but just occasionally when you see dramatic action you want to close out or enter quickly. There was a period of about 5 minutes today when my FXCM MT4 was just hanging. I have had live and demo and they are just as bad. It's a bit like flying blind - you might have an auto pilot on but it sure is nice to see the ground is a long way below. I can close all orders almost instantly with my broker - no matter how volatile things are. The price I get is normally pretty close to the execution point.

https://encrypted-tbn0.gstatic.com/i...OK65HWopdIFCBu
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #49,418
  • May 22, 2013 12:20pm May 22, 2013 12:20pm
Quoting revoli
{quote} Normally I agree as you will place orders in the market but just occasionally when you see dramatic action you want to close out or enter quickly. There was a period of about 5 minutes today when my FXCM MT4 was just hanging. I have had live and demo and they are just as bad. It's a bit like flying blind - you might have an auto pilot on but it sure is nice to see the ground is a long way below. I can close all orders almost instantly with my broker - no matter how volatile things are. The price I get is normally pretty close to the execution...
revoli,

This subject you are on is also pointing out why traders might not want to trade via EAs! I have never used them, and have no intent to ever use them. The Sonic R. System does not use EAs, and so far no one that has aspired to create an EA for the Sonic R. System has been successful at doing so, or at using it if they ever did create one.

Classic entries are almost "casual" entries. The system works well enough that "exacting" entries and exits are not necessary, imho.

If any Sonicer is having entry or exit order "problems", I recommend they post here about them, naming the broker. This free exchange of such important information is our only "weapon" against unscrupulous brokers. As popular and widely read as this thread is, such important information can spread quite rapidly.
  • #49,419
  • May 22, 2013 12:35pm May 22, 2013 12:35pm
Comment: YEN Pairs

Guess who's coming to dinner? Yep, again!

In the early hours of the Asian session on Friday (last day of week), our favoite "talking head" Mr. Kuroda of BOJ will be speaking once more. Again! What? Good grief!

With some of the YEN pairs showing bear wedges on the Day chart, and with their volumes generally on the decline, one might think a new weather front is drifting in. The climate might change.

This Friday might not be such a "dead pan day". Well, let's wait and see.

BTW, .......EJ. Well, stranger things have happened.
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  • #49,420
  • May 22, 2013 12:55pm May 22, 2013 12:55pm
Hi andyvxr,

I pray you are well and getting monetarily positioned for another go at the market. I see you logged in and viewing. Excellent. A lot has been happening (some of it good).

Best Wishes,
-tah
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