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Sonic R. System

  • #51,581
  • Jun 20, 2013 3:04am Jun 20, 2013 3:04am
Quoting sonicdeejay
{quote} U must be pipping gd time.. Sonic {image}

told cha ...

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EURUSD Sell cashed 900 pips.

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Happy weekend.

futurespeter
  • #51,582
  • Jun 20, 2013 3:16am Jun 20, 2013 3:16am
Quoting Tymedu
{quote} I agree with you. This is the only thing I normally disagree with TAH and I told it several times. Sometimes PVSRA show a signal but the momentum is too strong. That happened to him a few times. At the end he will close the trade with profit, but I feel like if he ignores that PVSRA signals when the momentum is strong, he could avoid a little bit more the drawdown. But he is the expert
I wouldn't call him an expert. More of a gambling addict.
  • #51,583
  • Jun 20, 2013 3:20am Jun 20, 2013 3:20am
This is a wonderful thread. tah has put a lot of work in here. I do not know why he is fighting the tape. Interpretative bias is a very dangerous thing. It is best, IMO to follow the tape and use the sonic entry triggers. Eventually price will reverse, but know one knows when, and it could be quite awhile from now.

tah, you work here has been splendid, but I am quite curious as to why your PVRSA continues to lead you to a bearish bias. I have read your work repeatedly. I understand that you believe that the MM are pushing price up to dump later on. Why not just trade with the dragon? That way it would be unnecessary to try to pick tops.

Just curious as to what your ideas are here.
If you are good at something, never do it for free--Joker
  • #51,584
  • Jun 20, 2013 3:32am Jun 20, 2013 3:32am
as long as you guys know averaging is not good , thats enough for you , and we cannot give an advise to them because they dont know what should do, except 'waiting' , they will understand if.. one time got wrong at big opposite direction.
  • #51,585
  • Jun 20, 2013 3:38am Jun 20, 2013 3:38am
Quoting sonicdeejay
Damn u haze.. Sonic {image}
Relax Master

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  • #51,586
  • Jun 20, 2013 3:44am Jun 20, 2013 3:44am
Not bad for a 2-days-old trade..


Sonic
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  • #51,587
  • Jun 20, 2013 3:47am Jun 20, 2013 3:47am
Quoting FXaddicted
{quote} I wouldn't call him an expert. More of a gambling addict.
Well, he is an expert in his system, that's a fact. You can believe whatever you want of course, but he is having nice results atm, so he are doing something right.
To fail is just an opportunity to learn
  • #51,588
  • Jun 20, 2013 3:53am Jun 20, 2013 3:53am
The system is fundamentally sound. I just don't understand how averaging down got added into it. I am simply curious about that.
If you are good at something, never do it for free--Joker
  • #51,589
  • Jun 20, 2013 4:08am Jun 20, 2013 4:08am
Quoting jmn5611
The system is fundamentally sound. I just don't understand how averaging down got added into it. I am simply curious about that.
mate if your talking about GJ scout trade then let me tell you when Tah went short on GJ it was sonic classic trades! go back and see what was said at the time.

and later it became scout short.

Please read last two months post and you will get what we are doing here!!!
Price Is The Best Indicator Itself.
  • #51,590
  • Jun 20, 2013 4:09am Jun 20, 2013 4:09am
Quoting jmn5611
The system is fundamentally sound. I just don't understand how averaging down got added into it. I am simply curious about that.
The answer is in this thread:

http://www.forexfactory.com/showthre...02#post6670602
  • #51,591
  • Jun 20, 2013 4:10am Jun 20, 2013 4:10am
Quoting FXaddicted
{quote} I wouldn't call him an expert. More of a gambling addict.
Mate if you cant take the heat, Get the hell outta the kitchen!!
Price Is The Best Indicator Itself.
  • #51,592
  • Jun 20, 2013 4:19am Jun 20, 2013 4:19am
Quoting traderathome
GJ Short Trade: Entered short trade #1, Classic. This is an Asian session entry which is not recommended. However, this is a momentus week with only two days left at this point. All session MMs might take full advantage of the short time remaining, so I opted to make an entry here. M15 PVSRA shows price taken above whole number on, and followed by notably increased activity. Later, it shows another push up thru the half number SR followed by notably increased activity that pushed the price lower. These are PVSRA indcations the MMs are bears. No...
TAH Could you pleae look now on GBPJPY and give us advise
  • #51,593
  • Jun 20, 2013 4:23am Jun 20, 2013 4:23am
Quoting Redddz
{quote} mate if your talking about GJ scout trade then let me tell you when Tah went short on GJ it was sonic classic trades! go back and see what was said at the time. and later it became scout short. Please read last two months post and you will get what we are doing here!!!
Calm down. All that yelling is unbecoming of a mature individual.

What you are doing here is averaging down. I want to hear from tah what is the sound logic behind that. Up to this point in my career, I have never heard of a good reason to average down. So I am thinking maybe I get to learn something today.
If you are good at something, never do it for free--Joker
  • #51,594
  • Jun 20, 2013 4:28am Jun 20, 2013 4:28am
Quoting futurespeter
{quote} The answer is in this thread: http://www.forexfactory.com/showthre...02#post6670602
Thank you for a reasoned response.

but we can never know when they will cease moving price in one direction and initiate their "run for profits"

This jumped out at me. I agree that the MM may be bears, but would it not be more prudent to use PVRSA to confirm a classic entry? What I have seen lately is the attempt to catch falling knives. I wonder about the logic of that.
If you are good at something, never do it for free--Joker
  • #51,595
  • Jun 20, 2013 4:30am Jun 20, 2013 4:30am
Quoting traderathome
GJ Short Trade: Entered short trade #1, Classic. This is an Asian session entry which is not recommended. However, this is a momentus week with only two days left at this point. All session MMs might take full advantage of the short time remaining, so I opted to make an entry here. M15 PVSRA shows price taken above whole number on, and followed by notably increased activity. Later, it shows another push up thru the half number SR followed by notably increased activity that pushed the price lower. These are PVSRA indcations the MMs are bears. No...
GJ Short Trade:

Added short trades #4 thru #9, Scouts. Short #4 was set as a pending order before I went to get some sleep. I just awoke to find this had soared upwards, and added #5 thru #9. Adjusted TP. If the MMs later step this sufficiently higher, I will add to this short trade.

I also see comments about the Dragon at the time of entry. If you all will look more closely you will see the head of the Dragon was turned down at the time of my first entries. I agree that the body had not any time to be much following that turn, and maybe that is a strong consideration for future trades when the Dragon has recent history of being flat to opposite the trade. Still learning and point noted. Just having the head starting to turn is a grossly insufficient measure of momentum in the trade direction.

This all points to another strength of the position building method. This shot up 200+ pips while I slept, but it really is not a big deal. M1 PVSRA indicates the topmost candle of that run got the topmost activity, indicating the MMs pumped the price aggressively to add shorts at the highs, and all the way up, most likely too. So, the price will eventually be coming down. As I add, the average will be coming up. With such a pump, the drop will be a good one and will make the average a profitable one. Had I made one single entry and this had happened, which has happened before even with a good Dragon angle at entry, my trade would be in a very bad way. So, the point to be made here is that position building is a lot more forgiving of enties that turn out to be bad ones, a real plus so far as I am concerned. Position building lets the trader take better advantage of the price moves the MMs can suddenly and unexpectedly create to give themselves advantage.
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  • #51,596
  • Jun 20, 2013 4:30am Jun 20, 2013 4:30am
Quoting jmn5611
{quote} Calm down. All that yelling is unbecoming of a mature individual. What you are doing here is averaging down. I want to hear from tah what is the sound logic behind that. Up to this point in my career, I have never heard of a good reason to average down. So I am thinking maybe I get to learn something today.
LOL mate i wasnt yelling, why would i yell at you? maybe you read the other post.

well tah will point to the same direction as i did.
Price Is The Best Indicator Itself.
  • #51,597
  • Jun 20, 2013 4:36am Jun 20, 2013 4:36am
Quoting Redddz
{quote} Mate if you cant take the heat, Get the hell outta the kitchen!!
I can more than handle the heat. Like I've mentioned before, I'll put my money where my mouth is. You can track my progress here: http://www.myfxbook.com/members/Fine...mentcom/612886

Lets get a grip on reality. The way TaH is trading at the moment is reckless. It is not sustainable. He can trade his demo account the way he likes but I think many people on this thread are being taken for a ride in the wrong direction. This thread is bigger than one person. We should not be shot down for having differing views to TaH.

I would just simply like people to be aware that there are more profitable, sustainable ways to go about trading using the scout/classic systems.

The way I trade is by using daily or 1 hr time frames, to get a grasp on where major support and resistance zones are. I look at the volume and determine if the market is bullish or bearish. Then I will go and execute trades using this bias on the 5 or 15 minute tf. It works a treat. The link to my account performance above will show you that in the coming days and months.

Best of luck trading guys.
  • #51,598
  • Jun 20, 2013 4:36am Jun 20, 2013 4:36am
Quoting Redddz
{quote} LOL mate i wasnt yelling, why would i yell at you? maybe you read the other post. well tah will point to the same direction as i did.

In my country the use of multiple exclamation points and/or all caps is yelling.

I think in most countries it is this way.
If you are good at something, never do it for free--Joker
  • #51,599
  • Jun 20, 2013 4:40am Jun 20, 2013 4:40am
Quoting traderathome
{quote} GJ Short Trade: Added short trades #4 thru #9, Scouts. Short #4 was set as a pending order before I went to get some sleep. I just awoke to find this had soared upwards, and added #5 thru #9. Adjusted TP. If the MMs later step this sufficiently higher, I will add to this short trade. I also see comments about the Dragon at the time of entry. If you all will look more closely you will see the head of the Dragon was turned down at the time of my first entries. I agree that the body had not any time to be much following that turn, and maybe...

Thank your for the reply. My question is, why not use a stop? You missed the run-up, but with a pair like the yen, a 200 pip move is a distinct possibility. Why not just take the small loss? Scaling is good to use, but holding losers is something I have never seen end well over the long run. You can accumulate a string of these, which will force you into a martingale, and then things could just really go south.

So my question is, why hold?
If you are good at something, never do it for free--Joker
  • #51,600
  • Jun 20, 2013 4:42am Jun 20, 2013 4:42am
Quoting jmn5611
{quote} In my country the use of multiple exclamation points and/or all caps is yelling. I think in most countries it is this way.
im sorry my exclamations hurt you mate, i didnt mean to.
Price Is The Best Indicator Itself.
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