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Sonic R. System

  • #53,861
  • Jul 17, 2013 2:05pm Jul 17, 2013 2:05pm
Hi!

my first post on FF. Fantastic sistem, thanks to Sonic


Think EuR is quite bearish this moment...


bye,
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15 17072013 2045.png Size: 61 KB
  • #53,862
  • Jul 17, 2013 3:39pm Jul 17, 2013 3:39pm
Extremely tough markets to trade right now. Doesn't get much harder than the current moment. MM's are stopping everyone out of every position with recent action. Best to be ultra patient and have a plan.

Sniper Trading!
  • #53,863
  • Jul 17, 2013 3:50pm Jul 17, 2013 3:50pm
Quoting gizma1
Hi! my first post on FF. Fantastic sistem, thanks to Sonic Think EuR is quite bearish this moment... bye,{image}
Nice slassic bro, a bit off hours, but you are in the right directions, try to show the H-L-HH on your chart so others could learn as well!

Thanx and welcome!

msis
There is no spoon....
  • #53,864
  • Jul 17, 2013 5:07pm Jul 17, 2013 5:07pm
Quoting Ck87
Extremely tough markets to trade right now. Doesn't get much harder than the current moment. MM's are stopping everyone out of every position with recent action. Best to be ultra patient and have a plan. Sniper Trading!
It's real tough across the board. Volumes are low for major pairs. Time to wait this one out...
  • #53,865
  • Jul 17, 2013 6:39pm Jul 17, 2013 6:39pm
PVSRA, YEN Pairs: Bulls or Bears?

Using GJ and UJ as examples, see the similarity in attached pics. In both cases PA is above a half SR. In both cases the MMs drive the price up and back down, thus adding shorts without causing the price to go to new lows. In both cases see the very notable down bars as the MMs engage in extra-heavy shorting.

So, the saga of sucking in longs to store up shorts continues......
Attached Image(s) (click to enlarge)
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  • #53,866
  • Jul 17, 2013 6:46pm Jul 17, 2013 6:46pm
Quoting gizma1
Hi! my first post on FF. Fantastic sistem, thanks to Sonic Think EuR is quite bearish this moment... bye,{image}
gisma1,

To help you get off to a better start, trash the template and go back to post 1 and download from link 1 the TAH stuff. All you need is already provided there, and only what you need! You've collected garbage indys and they will hurt you. You are new and have obviously not read much here, yet. To put it succinctly, if those indys were useful, we'd still be using them. They aren't. They will hurt your progress!

Sonicdeejay has still not cleaned out the old downloads, which are causing a lot of extra work for me and miss-starts for newbies. But the real harm is in thinking they are worth a damn, which they aren't.

You will be looking at those indys instead of learning what you need to learn.

-tah
  • #53,867
  • Jul 17, 2013 6:53pm Jul 17, 2013 6:53pm
Master Sonicdeejay,

Once again I ask you to please remove from post #1 the outdated downloads. Please.

-tah
  • #53,868
  • Jul 17, 2013 7:20pm Jul 17, 2013 7:20pm
The problem with M1 charts is there's too much noise/false signals. Personally, I think I'd be a lot better off if I stuck with M15-D1 charts, probably just H1-D1. It makes for higher probability trading and allows you to be more patient. Trading lower time frames causes over trading for many, and definitely is the case for me.

Just something to think about.


I need to focus on being more of a sniper trader, way more patient and disciplined, plotting my attacks on currencies and waiting for them to reach certain levels before I come after them. That's just me though, but I know many others have this same problem.
  • #53,869
  • Jul 17, 2013 7:29pm Jul 17, 2013 7:29pm
Quoting Ck87
The problem with M1 charts is there's too much noise/false signals. Personally, I think I'd be a lot better off if I stuck with M15-D1 charts, probably just H1-D1. It makes for higher probability trading and allows you to be more patient. Trading lower time frames causes over trading for many, and definitely is the case for me. Just something to think about. I need to focus on being more of a sniper trader, way more patient and disciplined, plotting my attacks on currencies and waiting for them to reach certain levels before I come after them. That's...
Ck87,

In case you have not noticed, worldfreedom's trading is much like you just described. With discipline and patience he carefully builds his sparing entries using M15 and higher TFs for the big picture. You might want to review his posts and watch for further posts by him.

-tah
  • #53,870
  • Jul 17, 2013 7:43pm Jul 17, 2013 7:43pm
Quoting Ck87
The problem with M1 charts is there's too much noise/false signals. Personally, I think I'd be a lot better off if I stuck with M15-D1 charts, probably just H1-D1. It makes for higher probability trading and allows you to be more patient. Trading lower time frames causes over trading for many, and definitely is the case for me. Just something to think about. I need to focus on being more of a sniper trader, way more patient and disciplined, plotting my attacks on currencies and waiting for them to reach certain levels before I come after them. That's...
You can actually use the 1 Min time frame for small scalps get in and get out... The key to 1 min time frame is not to be greedy. And to make sure to set your trades at break even when your ahead! Max Pips (5-10) Using PVSRA and Sonic Classic!!! The Future of trading!
I was shorting the USD/YEN on 1 minute got greedy looking for more pips got stopped out at break even...
Attached Image (click to enlarge)
Click to Enlarge Name: usd jpy 7 17.PNG Size: 50 KB
Creditors have better memories than debtors.
  • #53,871
  • Jul 17, 2013 7:55pm Jul 17, 2013 7:55pm
Quoting ForexSwag
{quote} You can actually use the 1 Min time frame for small scalps get in and get out... The key to 1 min time frame is not to be greedy. And to make sure to set your trades at break even when your ahead! Max Pips (5-10) Using PVSRA and Sonic Classic!!! The Future of trading! I was shorting the USD/YEN on 1 minute got greedy looking for more pips got stopped out at break even... {image}


FSwag, I agree and clearly have done the same many times for some nice wins at times. But overall for me looking at the lower time frames contributes to over trading in the end.

An example for you guys is I have a demo account that I also trade. With that demo account, I do no day trading what so ever. All my plays on that account are sniper trades where I'm looking for big moves, usually at least 300 pips. Sometimes of course it can be 100pips or so.. but anyways, with that account I have turned 10k into 80k in around 2 months, maybe a little less. Recently I saw a nice big move coming in GA/EA to the downside. With my real $ account I was watching lower time frames and got greedy, causing me to take profit early at 1.66 on GA looking to add it back higher, only causing me to miss an additional 250-280 pip downside in the next day. With my fake account, I got the entire move and booked profits at a good time.

Of course part of the problem was that I trade too big for my account size, thus instead of holding onto my position and just looking to add to it when it moved higher, I got out of the position completely and attempted to add back. And obviously with my 10k demo account I'm not trading too small. Started around $10-$15 a pip and sold the highs of USD-JPY and other yen pairs when it was back at 102-103.50 before the massive sell off. But I've continued to do well after that move too.

Bottom line, I'm making too many mistakes, and I really need to start learning from them. Without a doubt #1 mistake is watching the market too much, beyond anything else trading too much. Stick with the big moves! Be patient and wait for golden opportunities with high risk/reward! Can learn from a dumb trader like me just like you can learn from the sharks. Good trading.
  • #53,872
  • Jul 17, 2013 8:24pm Jul 17, 2013 8:24pm
I have entered my GJ EP 2. The GJ moved over 150 pips against my original EP 1. This gives me the opportunity to build my position. I have made my average and brought my average price up 75%. I am using 1 times leverage on my entries.
Attached Image (click to enlarge)
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  • #53,873
  • Jul 17, 2013 8:32pm Jul 17, 2013 8:32pm
CHF JPY update. I missed the 106.25 but if a new high is made I will look to make my EP2 entry until then it is just a waiting game.
Attached Image (click to enlarge)
Click to Enlarge Name: CHF JPY Pending EP2.jpg Size: 246 KB
  • #53,874
  • Jul 17, 2013 8:33pm Jul 17, 2013 8:33pm
Aud/USD CLASSIC SETUP
Attached Image (click to enlarge)
Click to Enlarge Name: aud usd classic.PNG Size: 82 KB
Creditors have better memories than debtors.
  • #53,875
  • Jul 17, 2013 10:09pm Jul 17, 2013 10:09pm
GU EP 1 Short entered on classic following extreme volume above whole number. I will start my building short here.
Attached Image (click to enlarge)
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  • #53,876
  • Jul 17, 2013 10:26pm Jul 17, 2013 10:26pm
A TAH and Sonicdj, after reading TAH, replyu to a psoter that he was using the wrong template, I have to admit it is confusing with so many templates. WOuld it be possible to put just 1 template that we all use, so newbies do not start off on the wrong foot. Please tell me which "correct" template to use.
Thanks you in advance
Enter Signature
  • #53,877
  • Jul 17, 2013 10:36pm Jul 17, 2013 10:36pm
Quoting johninthai
A TAH and Sonicdj, after reading TAH, replyu to a psoter that he was using the wrong template, I have to admit it is confusing with so many templates. WOuld it be possible to put just 1 template that we all use, so newbies do not start off on the wrong foot. Please tell me which "correct" template to use. Thanks you in advance
johninthai,

I have already said which is corrrect and where to get it, in the post you say you read!

MasterSonicdeejay, for the umpteenth time, PLEASE remove all the outdated stuff from post #1!

-tah
  • #53,878
  • Jul 17, 2013 10:50pm Jul 17, 2013 10:50pm
Wel in post 1 I found lots of templates I got 6 templates all together 3white 3 black. I think it is a simple and straightforward question which one to use ?
Hang on let me post the one I use and please tell me if this is the correct one.
Enter Signature
  • #53,879
  • Jul 17, 2013 10:51pm Jul 17, 2013 10:51pm
Attached Image (click to enlarge)
Click to Enlarge Name: eurcadm15.png Size: 92 KB


IS this the charts currently in use by yourself Mr TAH ?
Enter Signature
  • #53,880
  • Jul 17, 2013 10:57pm Jul 17, 2013 10:57pm
Quoting johninthai
{image} IS this the charts currently in use by yourself Mr TAH ?
This is a new template from TAH, release on May 21, 2013
http://www.forexfactory.com/showthre...59#post6693559
Keep learning until you die :-)
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