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Sonic R. System

  • #50,861
  • Jun 11, 2013 7:37am Jun 11, 2013 7:37am
Quoting rxJano
ouch. i hope the SL didnt destroy TAH after that unnoticed EUR/USD move.
Waiting for the good moment to re-enter.
All my trades are in demo, dont do these things at home without permission!
  • #50,862
  • Jun 11, 2013 7:42am Jun 11, 2013 7:42am
Quoting scuderia
EU enter short. {image}

I had a go at that one. Mistake and failed to cash in a good profit before it went up. For EU the up trend has not been broken yet and PVSRA is still showing enough volume at the lows to suggest potential aideways to up movement. The warnings of a trend end are there and a bounce off previous highs was a possibility but we have a new high so its anyones guess.

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Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #50,863
  • Jun 11, 2013 7:47am Jun 11, 2013 7:47am
EU SHORT 10 LOTS
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All my trades are in demo, dont do these things at home without permission!
  • #50,864
  • Jun 11, 2013 7:56am Jun 11, 2013 7:56am
  •  Ravelt
  • | Joined Feb 2013 | Status: The Closer You Look The Less You Se | 194 Posts
Quoting revoli
{quote} I had a go at that one. Mistake and failed to cash in a good profit before it went up. For EU the up trend has not been broken yet and PVSRA is still showing enough volume at the lows to suggest potential aideways to up movement. The warnings of a trend end are there and a bounce off previous highs was a possibility but we have a new high so its anyones guess. {image}

so that's means EU still not ready for mark down run ? better we wait for PA to break trend first to add short ?
  • #50,865
  • Edited 8:19am Jun 11, 2013 8:07am | Edited 8:19am
Quoting o0AxeL0o
EU SHORT 10 LOTS {image}
barcelona is my favor football team , but madrid is beautiful city

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  • #50,866
  • Jun 11, 2013 8:12am Jun 11, 2013 8:12am
Quoting revoli
{quote} I had a go at that one. Mistake and failed to cash in a good profit before it went up. For EU the up trend has not been broken yet and PVSRA is still showing enough volume at the lows to suggest potential aideways to up movement. The warnings of a trend end are there and a bounce off previous highs was a possibility but we have a new high so its anyones guess. {image}
I understand the main trader has left to manage the thread. It's okay, everybody has own objectives.
Let's make a short (scout) on the euro.
  • #50,867
  • Jun 11, 2013 8:17am Jun 11, 2013 8:17am
EU CLOSED, i dont want more party today like i said, but i had something to demostrate today Bye!
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All my trades are in demo, dont do these things at home without permission!
  • #50,868
  • Jun 11, 2013 8:29am Jun 11, 2013 8:29am
Quoting scuderia
EU enter short. {image}
close EU with 25 pips.

BTW oOAXELoO when u try this on demo. I think you should think about the lot size. Will u really go for 10.lots in the real account? Demo is for us to be ready for the real deal. When u will not go for that 10.o Lots. I suggest you practice wisely and maintain your MM strategy. I think that is the purpose of try new strategy in demo.

I think that's it for today. Gnitez fellas.
Money Management and Patience is the Key
  • #50,869
  • Jun 11, 2013 8:45am Jun 11, 2013 8:45am
Quoting traderathome
{quote} EU and GU: Hell, EU is flat! How can "flat" give mixed signals? As I see it, price is above the half number SR, so anything the MMs do here might be considered bearish. All this activity could be about "distribution", with the pump yesterday to suck in longs so the MMs could get more shorts. And, the bear MMs have room to do another pump to suck in more longs, turning this into a Double Top. They could do it with GU, also. We'll see. {image} {image}
Double Tops

Yep. They did it all right. Double Tops on both of 'em. Double Bottoms on some others, too. It is why I keep my SLs mental so long as I believe in the trade.

Sometimes I also wonder if, after prolonged ranging, the largest MMs (like GS) get their Frankfurt/London guys to run the prices one way, and then the NYC guys to run prices the other way. This collaboration would suck in outsiders eager to get back into trading after dull ranging, and then take 'em out later.

The stinking bank/investment houses are as dirty as pigs in mud. They are the ones with unlimited access to fiat credit/"margin enhancers" to pull this shit off whenever they want to. All my trades are fine, but I feel for others that get whipped out of theirs.
  • #50,870
  • Jun 11, 2013 8:47am Jun 11, 2013 8:47am
Quoting revoli
{quote} I had a go at that one. Mistake and failed to cash in a good profit before it went up. For EU the up trend has not been broken yet and PVSRA is still showing enough volume at the lows to suggest potential aideways to up movement. The warnings of a trend end are there and a bounce off previous highs was a possibility but we have a new high so its anyones guess. {image}
Thank you for your posts and explanation Revoli
Posting Demo charts, mirroring some of them live.
  • #50,871
  • Jun 11, 2013 8:50am Jun 11, 2013 8:50am
Quoting traderathome
{quote} Double Tops Yep. They did it all right. Double Tops of both of 'em. Double Bottoms on some others, too. It is why I keep my SLs mental so long as I believe in the trade. Sometimes I also wonder if, after prolonged ranging, the largest MMs (like GS) get their Frankfurt/London guys to run the prices one way, and then the NYC guys to run prices the other way. This collaboration would suck in outsiders eager to get back into trading after dull ranging, and then take 'em out later. The bank/investment houses are as dirty as pigs in mud.

Its them doing what they do that gives us the opportunity to do what we do. So they can roll in the mud all they like


but from what ive read in books it seems a lot of the biggest bulge brackets often trade against each other without even knowing. for instance, in the aftermath of the GFC2008 they found citi had cds/cdo trades on opposite sides of the same trades cuz they were so large they just couldnt keep track of who was trading what lol. but of course it doesnt always happen. who knows. just food for thought, anyway.
  • #50,872
  • Jun 11, 2013 9:04am Jun 11, 2013 9:04am
Quoting traderathome
{quote} UChf Long Trade: Added long trade #11, Scout {image}
UChf Long Trade:

Added long #12, via pending Scout order that executed during the whipsaw. Adjusted mental SL and TP.
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  • #50,873
  • Jun 11, 2013 9:06am Jun 11, 2013 9:06am
Quoting mynds
{quote} so no help?
Back to your original question: "...what kind of size and leverage do you trade with or what kind of size and leverage you find more efficient without wiping out too much from the account? Would be best answered by sonic or tah since I am trying to follow their strategies but open to anyones feedback..."

In the absence of anyone let me answer your question. Currently my account is $14.6K with 1:25 leverage (converted from HUF to USD, see below). It's enough for safe trading along with a proven strategy and proper risk management. If you plan to follow a position building strategy, worth considering higher leverage e.g. 1:100 or even above to benefit from the borrowed money. But position building is a completely different thing (not seen in this thread).

You can use this simple formula to get an idea how much you can safely afford to yourself:

Lot size = (YourEquity * Risk) / (Stop Loss + Spread) / PipValue

Hope this helps
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Mind the gap
  • #50,874
  • Jun 11, 2013 9:11am Jun 11, 2013 9:11am
Quoting traderathome
{quote} UCad Long Trade: Added long #4, Classic,....or what I figured to be a Classic. Price moved up, I entered, price immediately receded. Yeah, I know. Pre-LS and flat Dragon. See, anyone can be impatient and execute incorrectly. Anyway, it is done. Now, to see what follows today. No SL, no TP at this time. {image}
UCad Long Trade:

Added longs #5 and #6, Scouts, via pending orders that executed during pullback. The stinking banks snookered folks here, with an extreme pullback, and still before all those USD releases that are coming. For my money, they ran the price up earlier to suck in longs and then back down to essentially steal those long positions by stopping folks out. I expected a pullback, just not this deep. Adjusted mental TP.
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  • #50,875
  • Edited 9:40am Jun 11, 2013 9:29am | Edited 9:40am
PVSRA, UCad: Bulls or Bears?

Answer: The dirty rotten stinkin' bastard banks (banks/investment houses) are in this up to their necks on the long side, manipulating prices ahead of a bunch of USD high impact releases in order to build their long positions even more, (imho). It is a distinct possibility, but only speculation.

Due to the passel of USD high impact releases coming, it looks like Thursday (and maybe even Friday) are going to the big days for this week for most pairs. Tomorrow will probably be more consolidation, as the MMs modestly move prices up and down to add to their positions without moving the price against themselves too much while they build (also speculative).
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  • #50,876
  • Jun 11, 2013 9:41am Jun 11, 2013 9:41am
Quoting o0AxeL0o
{quote} Bla bla bla bla bla bla bla bla, bye http://youtu.be/Z_Sf0gi-mGI
He is totally right Axel. If the only thing you have to say when someone gives u an important advice is "blablabla", you shouldn't be in this thread, easy as that. Ah, and you don't have to demonstrate nothing, only to learn.
To fail is just an opportunity to learn
  • #50,877
  • Jun 11, 2013 9:49am Jun 11, 2013 9:49am
Quoting revoli
{quote} I had a go at that one. Mistake and failed to cash in a good profit before it went up. For EU the up trend has not been broken yet and PVSRA is still showing enough volume at the lows to suggest potential aideways to up movement. The warnings of a trend end are there and a bounce off previous highs was a possibility but we have a new high so its anyones guess. {image}
PVSRA, EU: Bulls or Bears?

However, we have yet for the Dragon and PA to show the way. Bear MMs can move price up, as well as down. We want the Dragon and PA to show us "Down" has become the direction of the Bears.
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  • #50,878
  • Jun 11, 2013 9:51am Jun 11, 2013 9:51am
Quoting traderathome
PVSRA, UCad: Bulls or Bears? Answer: The dirty rotten stinkin' bastard banks (banks/investment houses) are in this up to their necks on the long side, manipulating prices ahead of a bunch of USD high impact releases in order to build their long positions even more, (imho). It is a distinct possibility, but only speculation. Due to the passel of USD high impact releases coming, it looks like Thursday (and maybe even Friday) are going to the big days for this week for most pairs. Tomorrow will probably be more consolidation, as the MMs modestly move...
I cant wait to see this MC Donald pattern in action!
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All my trades are in demo, dont do these things at home without permission!
  • #50,879
  • Jun 11, 2013 9:59am Jun 11, 2013 9:59am
Enter USDCAD 5 Lots LONG, damn i cant stop traing, thats start to be pathological...
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All my trades are in demo, dont do these things at home without permission!
  • #50,880
  • Jun 11, 2013 10:09am Jun 11, 2013 10:09am
Quoting o0AxeL0o
Enter USDCAD 5 Lots, damn i cant stop traing, thats start to be pathological... {image}
Reason for Entry?

UCad:

Far be it for me to say this, but you should state clearly your reason for the entry, every entry, every time you make a trade. And in order to be abiding in the Sonic R. System, the reason(s) should either be proper for a Classic setup, or for the use of a Scout to build a Classic trade that is already running, and only rarely for the use of a Scout as a pre-Classic entry. In all cases, you should have PVSRA confirmation, and so state (maybe even show that confirmation with an additional chart, for the benefit of others trying to learn).

Frankly, though I understand what you are doing in this particular case, for many it looks like you are simply picking high/lows to make your trade entries.

One final comment. We here on the Sonic R. System thread are not in the least interesed in how large a trade size is. In fact, it goes against our protocol to show trade size. We are interested in quality of trade, not quantity of trade size. Please understand the reasons for this, and comply.

-tah
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