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Sonic R. System

  • #52,941
  • Jul 8, 2013 12:34am Jul 8, 2013 12:34am
The Sonic dragon has gone flat, and price has closed above it. Long at 129. 80. This a hedge until we know what is going on. Stop of long hedge at 129.25. Short side stop remains the same.
If you are good at something, never do it for free--Joker
  • #52,942
  • Edited 1:05am Jul 8, 2013 12:46am | Edited 1:05am
GM @TAH - Congratulations on another profitable week An interesting fact about your entries is the hedges that you are building via your diverse entries. Viz: you are holding several open longs in cable - GBPUSD - but last week banked 3230 pips via your short GJ which from my point of view was a nice hedge! - and IMO lends great credence to your methodology.

@ jmn5611 I found your posts interesting as I have traded in a similar manner for some years now. If you and TAH can agree a starting balance - or max number of open micro's then it will make a true comparison possible.

Right, so here's my pic.....

EP 1 a scout off the 1 min entered after the first close > 1m upward sloping dragon (an objective entry) after the second high volumed push down below the 101 level.

EP 2 another scout entered after the first close > 5m upward sloping dragon.

Now to see IF the 15m turns up and allows another entry.....

Edit: Stop to EP 2 + 1 pip - remember I'm intra-day trading - just parts of the London Session....so this is now a "protect profits Stop"
Attached Image (click to enlarge)
Click to Enlarge Name: jly 8 uj 5m 0732 gmt.png Size: 52 KB
Trading Levels with WRBs
  • #52,943
  • Jul 8, 2013 12:50am Jul 8, 2013 12:50am
Quoting Islander
GM @TAH - Congratulations on another profitable week An interesting fact about your entries is the hedges that you are building via your diverse entries. Viz: you are holding several open longs in cable - GBPUSD - but last week banked 3230 pips via your short GJ which from my point of view was a nice hedge! - and IMO lends great credence to your methodology. @ jmn5611 I found your posts interesting as I have traded in a similar manner for some years now. If you and TAH can agree a starting balance - or max number of open micro's then it will...

I had asked tah about this, so we can really get a good metric, but he seems reluctant to do this, there could be many reasons as to why....fear is not one of them however.

But, tah, if we can get some hard lot sizes going it would make a summary of risk vs reward a lot easier. You game?
If you are good at something, never do it for free--Joker
  • #52,944
  • Jul 8, 2013 1:01am Jul 8, 2013 1:01am
Quoting jmn5611
{quote} I had asked tah about this, so we can really get a good metric, but he seems reluctant to do this, there could be many reasons as to why....fear is not one of them however. But, tah, if we can get some hard lot sizes going it would make a summary of risk vs reward a lot easier. You game?
Agreed - otherwise its impossible to compare the ACTUAL returns available via the two methodologies.....
Trading Levels with WRBs
  • #52,945
  • Jul 8, 2013 1:22am Jul 8, 2013 1:22am
Quoting jasakreatif
{quote} still flat , waiting... 'trading is boring mate soros http://www.wealthlift.com/blog/10-ge...tes-investing/
He would make for a boring chapter in the next Market Wizards book!
  • #52,946
  • Jul 8, 2013 1:52am Jul 8, 2013 1:52am
EURUSD Classic SonicR long entry, TP and SL not yet set.

Attached Image (click to enlarge)
Click to Enlarge Name: EU 08072013 buy1 snagit.png Size: 50 KB
  • #52,947
  • Jul 8, 2013 1:54am Jul 8, 2013 1:54am
AUDUSD Classic SonicR long entry, SL not yet set.

Attached Image (click to enlarge)
Click to Enlarge Name: AU 08072013 buy1 snagit.png Size: 54 KB
  • #52,948
  • Jul 8, 2013 2:05am Jul 8, 2013 2:05am
Quoting jmn5611
Classic alert! If price closes above the dragon, we are long at the closing price. M15 {image}
Are the vertical lines on your chart correct?

  • #52,949
  • Edited 2:34am Jul 8, 2013 2:09am | Edited 2:34am
quote: " Now to see IF the 15m turns up and allows another entry....."

and it did, allowing me another entry - EP 3 - with the same objective criteria for entry.

Later, dropping to the 1m chart, I watched the PA around the earlier high at 101.35 and after the 1 min Bull Climax bar at 08:42 I put in a stop at 101.32 to protect my profits and this was hit. So a nice morning session and I'll be back for the NY Open.....BFN
Attached Image (click to enlarge)
Click to Enlarge Name: jly 8 uj 5m 0900 gmt.png Size: 52 KB
Trading Levels with WRBs
  • #52,950
  • Jul 8, 2013 2:50am Jul 8, 2013 2:50am
Quoting jmn5611
{quote} I had asked tah about this, so we can really get a good metric, but he seems reluctant to do this, there could be many reasons as to why....fear is not one of them however. But, tah, if we can get some hard lot sizes going it would make a summary of risk vs reward a lot easier. You game?
I can't speak for tah, and would never try, but tah is all about TEACHING, and what you are suggesting smacks of a competition.

My understanding is you plan to teach the forum about Classic Sonic r trades utilizing the added benefit of PVSRA.

You need to show the trades/pending trades using the standard Sonic R format for showing trades with more details to make it clear what you are saying.

.......... in my opinion.

  • #52,951
  • Jul 8, 2013 3:04am Jul 8, 2013 3:04am
Quoting DmitryFX
Hi, guys! Is it possible to create indicator which one will show the level of average Stop loss for multytrades in accordance with risk % indicated by inputs? I am using indicator like this for getting calculation of an average entry price. (attached) Below the picture with example. Blue line is level of Average entry calculated by indicator. Red line is manually calculated level of Average stop loss. {image} {file}
And again with best regards to Igorad!
Version #2 is available!
Now it is possible to plot information about opened positions on the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 51 KB
Everything is possible!!! Step by Step...
  • #52,952
  • Jul 8, 2013 3:49am Jul 8, 2013 3:49am
Quoting jmn5611
{quote} I had asked tah about this, so we can really get a good metric, but he seems reluctant to do this, there could be many reasons as to why....fear is not one of them however. But, tah, if we can get some hard lot sizes going it would make a summary of risk vs reward a lot easier. You game?
I was thinking likewise particularly if we are potentially thinking about PVSRA for hedges and how this correlates to classic trades.
  • #52,953
  • Jul 8, 2013 4:55am Jul 8, 2013 4:55am
Quoting Islander
quote: " Now to see IF the 15m turns up and allows another entry....." and it did, allowing me another entry - EP 3 - with the same objective criteria for entry. Later, dropping to the 1m chart, I watched the PA around the earlier high at 101.35 and after the 1 min Bull Climax bar at 08:42 I put in a stop at 101.32 to protect my profits and this was hit. So a nice morning session and I'll be back for the NY Open.....BFN {image}
This system is only to help, but you must also analyze the market yourself especially Nikki - SP500 and good macro Economic Calendar

I would not open shorts 97 96 98 at the growing market of Nikki SP500, before the results of companies 2 Q

thi is madness to open shorty
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USD_JPY_1_11godzina.png Size: 121 KB
Click to Enlarge Name: USD_JPY_1flaga _godzina.png Size: 104 KB
Click to Enlarge Name: USD_JPY_1111_godzina.png Size: 75 KB
Click to Enlarge Name: USD_JPY00001_godzina.png Size: 37 KB
  • #52,954
  • Jul 8, 2013 5:35am Jul 8, 2013 5:35am
Quoting Dano12
{quote} This system is only to help, but you must also analyze the market yourself especially Nikki - SP500 and good macro Economic Calendar I would not open shorts 97 96 98 at the growing market of Nikki SP500, before the results of companies 2 Q thi is madness to open shorty {image} {image} {image} {image}
What has your post got to do with firstly, my well known and just again documented use of Sonic's indicators and system for intra day trading - a closed trade which has extracted the maximum pips available so far this LS??.....and secondly, why are you posting NON Sonic charts with multiple spurious indicators??

I have NOT mentioned (so far today) shorting UJ and when I last checked, was not trading from an asylum, but from my laptop, in my garden, sitting by my pool!
Trading Levels with WRBs
  • #52,955
  • Jul 8, 2013 5:56am Jul 8, 2013 5:56am
Is this a valid shorting entry signal using the sonic r classic?
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpym15.png Size: 50 KB
  • #52,956
  • Jul 8, 2013 6:02am Jul 8, 2013 6:02am
OK, my last post today. I was doozing when my audio alert told me to take a look at Cable - and so I was late entering and I have shown my correct entries as I have posted many times before......i.e. after the turn of the appropriate dragon.

Here, the 15m was continuing to slope upwards and thus these were Pull Back entries around the **00 level

The wide ranged green semi marbozo high candle was with high volume - so sellers / profit takers active in and as that was also a Bull Climax candle - I joined them
Attached Image (click to enlarge)
Click to Enlarge Name: jly 8 gbp 1m 1252 gmt.png Size: 43 KB
Trading Levels with WRBs
  • #52,957
  • Jul 8, 2013 6:03am Jul 8, 2013 6:03am
Quoting Islander
quote: " Now to see IF the 15m turns up and allows another entry....." and it did, allowing me another entry - EP 3 - with the same objective criteria for entry. Later, dropping to the 1m chart, I watched the PA around the earlier high at 101.35 and after the 1 min Bull Climax bar at 08:42 I put in a stop at 101.32 to protect my profits and this was hit. So a nice morning session and I'll be back for the NY Open.....BFN {image}

Islander, good to see you are back with the charts.

For your EP1, you have an "Initial SL".

For your EP2 & EP3:
- do you set a hard SL ?
- do you put SL for these 2 entries to be same as "Initial SL" or where do you put the SL for these later entries?
  • #52,958
  • Jul 8, 2013 6:09am Jul 8, 2013 6:09am
Quoting Islander
OK, my last post today. I was doozing when my audio alert told me to take a look at Cable - and so I was late entering and I have shown my correct entries as I have posted many times before......i.e. after the turn of the appropriate dragon. Here, the 15m was continuing to slope upwards and thus these were Pull Back entries around the **00 level The wide ranged green semi marbozo high candle was with high volume - so sellers / profit takers active in and as that was also a Bull Climax candle - I joined them {image}
I like your style Islander, congratulations on the trades All EP same lot size?
Newbie trader
  • #52,959
  • Jul 8, 2013 6:23am Jul 8, 2013 6:23am
Quoting Islander
{quote} What has your post got to do with firstly, my well known and just again documented use of Sonic's indicators and system for intra day trading - a closed trade which has extracted the maximum pips available so far this LS??.....and secondly, why are you posting NON Sonic charts with multiple spurious indicators?? I have NOT mentioned (so far today) shorting UJ and when I last checked, was not trading from an asylum, but from my laptop, in my garden, sitting by my pool!
I wrote in the direction of those who have taken shorty after 97 96 and averages - the system is good but you need to analyze the market peace mate I wish you as much as possible pips

U J chance of correction to the area 100 100 30
  • #52,960
  • Jul 8, 2013 6:33am Jul 8, 2013 6:33am
Quoting ArtfulDodger
{quote} I can't speak for tah, and would never try, but tah is all about TEACHING, and what you are suggesting smacks of a competition. My understanding is you plan to teach the forum about Classic Sonic r trades utilizing the added benefit of PVSRA. You need to show the trades/pending trades using the standard Sonic R format for showing trades with more details to make it clear what you are saying. .......... in my opinion.

Setting a metric for later analysis is hardly a competition. Be glad the engineers in your city set metrics in their classes. We want to find the best way to trade, right? So it needs to be quantifiable and measurable. Who knows, SonicR classic might be antiquated. VSA might have better risk parameters than classic trading with the price trend. VSA is how the pro's trade, right? Setting a metric could be very important to all of us down the road so we don't go down blind alleys and new comers do not try to reinvent the wheel.
If you are good at something, never do it for free--Joker
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