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Sonic R. System

  • #49,861
  • Edited 3:52am May 29, 2013 3:39am | Edited 3:52am
Quoting loeil
{quote}Here is one TAH's UJ trades. Closed for now but a good example if you want to follow this 5+1 system. 5 trades closed with minus. So it's very important where to put the entries by following this 5+1 system. {image}
Loeil, are you certain that trade is closed?

I've been following it, and haven't seen any post mentioning it is closed.




EDIT: maybe that is an old trade, and not the current one. Doesn't seem to match the current prices.

EDIT/EDIT: I see it is an old trade, so disregard this post entirely.
  • #49,862
  • May 29, 2013 3:55am May 29, 2013 3:55am
Quoting loeil
{quote}Here is one TAH's UJ trades. Closed for now but a good example if you want to follow this 5+1 system. 5 trades closed with minus. So it's very important where to put the entries by following this 5+1 system. {image}
The idea behind the 5+1 rule is just that, to try to be more accurate in your entries, putting your self an auto 'pressure' because you know you only have 5 entries and because of that, to be more careful about them. This also have cons, because we could miss good entries opportunities because we already used our 5 bullets, but I think that with this 'rule' you will gain discipline and experience and that will affect your entries in the future. And remember, we have the last bullet for a classic entry.

It's just an idea, I know it can be improved but a think this could be the first step to 'normalize' PVSRA trades.

PS: Even with that TAH's trade, he would have won money. Just focusing in EP1-5 and then using the +1 bullet for a classic entry (like EP11), the result would be positive.
To fail is just an opportunity to learn
  • #49,863
  • May 29, 2013 3:58am May 29, 2013 3:58am
Quoting ArtfulDodger
{quote} Loeil, are you certain that trade is closed? I've been following it, and haven't seen any post mentioning it is closed. EDIT: maybe that is an old trade, and not the current one. Doesn't seem to match the current prices. EDIT/EDIT: I see it is an old trade, so disregard this post entirely.
I have closed it (and EJ), 1 hour ago with a few pips of profit.... I can not keep my psicology.
Newbie trader
  • #49,864
  • May 29, 2013 4:13am May 29, 2013 4:13am
Quoting Tymedu
The 5+1 Rule Good morning fellas. I've thinking a lot about how to improve PVSRA building position system regarding drawdowns and money management. I had an idea and I want to ask you for opinions and feedback. The '5+1 Rule' is a building position method where you are only allowed to use 5 entries (5 longs or 5 shorts). Why? I see a few pros if we follow this rule: This forces ourselves to be more careful about what entries do we take We have better control about how much we are investing or putting in the market Easier bank managementSometimes,...
Good idea !

In Fact , it's up to your entries , trading style and money management , so everyone can use this idea and create rule for themselves like this and happy trading
  • #49,865
  • May 29, 2013 4:18am May 29, 2013 4:18am
Quoting hellohell
{quote} Good idea ! In Fact , it's up to your entries , trading style and money management , so everyone can use this idea and create rule for themselves like this and happy trading
Exactly hellohell.

The 5+1 rule can become in the 10+1 rule if you follow a good management. The idea behind this is to setup your strategy before you first entry. This will allow you to be prepared psychologically for the trade (which it's not easy) and to follow a better money or bank management.
To fail is just an opportunity to learn
  • #49,866
  • May 29, 2013 4:22am May 29, 2013 4:22am
Spotted: UCHF Head & Shoulder!
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Price Is The Best Indicator Itself.
  • #49,867
  • May 29, 2013 4:44am May 29, 2013 4:44am
EU trade
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  • #49,868
  • May 29, 2013 5:40am May 29, 2013 5:40am
Quoting Tymedu
The 5+1 Rule
Not bad rule to handle money. But it is not working for me. I have done this on USDJPY, when TAH created tons of EPs and tons of critisim. I taken two shorts in wrong place with sl in 3%. PA go higher and higher, TAH added more shorts. We know TAH closed in profit , with some trades in loss. And im not posted it, but i lost 10% of my account, becouse i joined into hope mode and moved stop loss. But my hope was not so strong, as TAHs balls. For me more suitable TAHs style. If we trying to catch beginning of movement, we must have drawdown as MM. It can kill account without proper money management, but for now im in good green zone. And im personally prefer to handle 20 small loosing trades, than 5 big ones.
Be coherent with your strategy
  • #49,869
  • May 29, 2013 5:40am May 29, 2013 5:40am
Let it rain...

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Sonic
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  • #49,870
  • May 29, 2013 5:46am May 29, 2013 5:46am
Quoting Tymedu
The 5+1 Rule Good morning fellas. I've thinking a lot about how to improve PVSRA building position system regarding drawdowns and money management. I had an idea and I want to ask you for opinions and feedback. The '5+1 Rule' is a building position method where you are only allowed to use 5 entries (5 longs or 5 shorts). Why? I see a few pros if we follow this rule: This forces ourselves to be more careful about what entries do we take We have better control about how much we are investing or putting in the market Easier bank managementSometimes,...
To me a scout is a test, I may try five times (out at BE ,, so no loss or a few pips) until I get a good price. This way I can use a larger size..
Example for today.
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  • #49,871
  • May 29, 2013 5:50am May 29, 2013 5:50am
au long classic

sonic r

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waves: Yes

dragon: Facing up
trend: Still above pa but close.

tp: Rdh
sl: Below leg 2
Trading is something special.
  • #49,872
  • Edited 6:29am May 29, 2013 6:12am | Edited 6:29am
AU & EU

Closed 2 AU trades with 178pips (89x2 from avg to TP). TP hit
Closed 3 EU trades with 187pips (69x3 from avg top TP). TP hit.

I feel like I put the TP too close but money is money. Still holding 2 USDCAD shorts and 3 UJ shorts as well.

Edit: Closed as well UJ with 312pips (104x4 from AVG to TP) and same with UC with 54 pips (27x2 from avg to TP)

Total: 178+187+312+54 = 731pips

Market comment

It seems like they wanna push the price down in EU, GU, AU, etc and up in UJ and UC for a new building phase. Now I have everything closed and I will follow closely the US session to see if this is true or they are switching to bears. From now on, observation.
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To fail is just an opportunity to learn
  • #49,873
  • May 29, 2013 6:18am May 29, 2013 6:18am
Quoting baokydev
au long classic sonic r {image} waves: Yes dragon: Facing uptrend: Still above pa but close. tp: Rdhsl: Below leg 2
Im sure you've got profit from this AU
  • #49,874
  • May 29, 2013 6:25am May 29, 2013 6:25am
Quoting baokydev
au long classic sonic r {image} waves: Yes dragon: Facing uptrend: Still above pa but close. tp: Rdhsl: Below leg 2

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Great Trade..


Sonic


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  • #49,875
  • May 29, 2013 6:36am May 29, 2013 6:36am
Quoting francus
EURUSD
Added EP02 at breakout round number and not creating really good opposite movement.

Closed EP01 and EP02 to TP01, price above RDH, US open soon, moment is out.

edit:
i`m so happy with new level indicator)
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Be coherent with your strategy
  • #49,876
  • May 29, 2013 6:46am May 29, 2013 6:46am
Euro High News at 8:00am Eastern...

11.5 Pips Euro/USD...
45.9 Pips USD/CHF
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Creditors have better memories than debtors.
  • #49,877
  • May 29, 2013 7:04am May 29, 2013 7:04am
Quoting Justimun
{quote} Im sure you've got profit from this AU
Quoting sonicdeejay
{quote} Great Trade.. Sonic http://www.youtube.com/watch?v=ePsbqvaVnMA {image} {image}

Haha Yeah ! Took Profit


To Master Sonic: That Do As Infinity Youtube song is 1 of my favorite ! Especially That Track.


I think quite long ago.. maybe when i was at secondary school already got this song
Trading is something special.
  • #49,878
  • May 29, 2013 8:23am May 29, 2013 8:23am
hi evry one
can anyone explain your sonic R VSA ?
tanx
  • #49,879
  • Edited 8:51am May 29, 2013 8:30am | Edited 8:51am
  •  St3ve
  • | Joined Jan 2013 | Status: Recovering from losses ... | 77 Posts
Quoting endof.forex
hi evry onecan anyone explain your sonic R VSA ?tanx
10 posts in 6 different trading system threads ...

All needed information is gathered in post #1
If you would have read it, you would know that there is no VSA anymore ... it's called PVA and also explained there!

Being lazy, you won't achieve much in forex ...
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  • #49,880
  • May 29, 2013 8:32am May 29, 2013 8:32am
Quoting endof.forex
hi evry onecan anyone explain your sonic R VSA ?tanx
Read the 1 post.. all valuable information is there
Whatever is obvious is obviously wrong!"
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