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Sonic R. System

  • #56,181
  • Aug 13, 2013 8:34am Aug 13, 2013 8:34am
Quoting mouldy
Hi all, i just chanced upon something that I think might be worth sharing in the spirit of our style of trading. The following are pictures from the metatrader administrator/operators manual. First we have the starting page, which shows it is what i say it is ;p {image} then it gets interesting... they can see how close we get to a margin call, and possibly push prices up till we do. {image} and the most interesting of all... a summary of all our positions, their positions against ours etc etc. {image} you cant fake this shit man.
Haha. Thanks mouldy!

And they probably have much much more tools than just this. Maybe even client profile statistics / trading habits.

Isn't that similar to what amazon does anyways? All for the more profit for them. ^.^
insanity: Doing the same thing over... and expecting different results -AE
  • #56,182
  • Aug 13, 2013 8:39am Aug 13, 2013 8:39am
Quoting Tymedu
FYI: EU is breaking the channel as you can see in the image. Of course, to have a complete bearish bias, price needs to break 1.32. {quote} I know, but there is too many people posting their entries real time. And yes, this trade is being long, that could explain why loeil detected me a little bit frustrated. I'm aware that the time spent / profit ratio is not being nice this time. {image}
Tymedu,

We can only play the best we can and prepare for the worst to come. No one really knows what is going to happen. But it's how we handle it when it does that matters. And you've handled it quite well IMHO as you further took advantage of the lower prices. And now you have a plan to counter the worse with the ema89 bias. We all have our shitty trades so no stress. We live to fight another day.

-qFish
insanity: Doing the same thing over... and expecting different results -AE
  • #56,183
  • Aug 13, 2013 9:09am Aug 13, 2013 9:09am
Quoting nathaniel
this doesn't make sense to me. if a trader wants to average down till no tomorrow, and doesn't care about the prevalent trend, what's the point of having a trading system? a good money management system will suffice for an average down strategy.
Well played, sir, well played.
If you are good at something, never do it for free--Joker
  • #56,184
  • Aug 13, 2013 9:11am Aug 13, 2013 9:11am
did You anyone got on GU!!!!
1,55000????
http://charts.mql5.com/2/263/gbpusd-...ari-uk-ltd.png
  • #56,185
  • Aug 13, 2013 9:12am Aug 13, 2013 9:12am
what is going ON?????
MM are liking my euros...waw
  • #56,186
  • Aug 13, 2013 9:17am Aug 13, 2013 9:17am
Quoting Tymedu
{quote} Dear TAH, let's put the things clear. You (and me, and other guys) add scouts/orders "until no tomorrow" since you have no SL. And you (or me) don't care about the prevalent trend since you are adding orders against the trend the 90% of the time. We use this system based only in PVSRA, not the trend and without SL. And that can be risky, but it's working atm. But at some point it will hurt our account, that's for sure. It can take 1 week, 1 month, 1 year... but at some point there will be an event causing a big pain, and with this system...
Amen, that's the biggest point that us dissenters were making. That post deserves a vouch. Call it what it is. Hell some of us might even join along! But please, stop saying this is Sonic R, because it isn't.

Let's stop writing excuses without sense and let's name the things by their name. We trade this way and it's working. You like? Perfect. Wanna join? Perfect. You don't like? Perfect, just don't do it.
If you are good at something, never do it for free--Joker
  • #56,187
  • Aug 13, 2013 9:18am Aug 13, 2013 9:18am
Quoting qFish
{quote} Haha. Thanks mouldy! And they probably have much much more tools than just this. Maybe even client profile statistics / trading habits. Isn't that similar to what amazon does anyways? All for the more profit for them. ^.^

They probably do! but what has it got to do with amazon?
  • #56,188
  • Aug 13, 2013 9:20am Aug 13, 2013 9:20am
Quoting nathaniel
this doesn't make sense to me. if a trader wants to average down till no tomorrow, and doesn't care about the prevalent trend, what's the point of having a trading system? a good money management system will suffice for an average down strategy.
Actually, we do care. Aim for sniper entries, you can average down near reversal and scale-in during your profit run. The traditional good money management system you speak of does indeed work, for the very few 5% with lots of experience and skill. But not for most traders due to time exposure IMHO. Trading single lots exposes you to high risk in less time, in which psychology doesn't allow you time to reassess. They can be done, don't get me wrong, but maybe more on the H1, H4, or Daily. Day trading on the other hand (intra-day) requires much more than (I and most) have to come out positive. And if they do, I would have to say they are in one way or another averaging down (rescue trades) or scaling in to take advantage of the snowball effect (which we do here, but on a completely different time horizon). Because we trade small, we can endure the DD and have time to think, analyze, and assess our situation. There's more to it than meets the eye and much improvement will come to further reduce the current drawbacks and disadvantages. I've tried countless systems. Most fail due to their lagging indicators and price derivatives. Why else is everyone still searching for the holy grail. IMHO, it does not exist. Only a traders experience and improvement will turn him into a sharp soldier able to dodge and counter every attack and rescue every scout.

-qFish
insanity: Doing the same thing over... and expecting different results -AE
  • #56,189
  • Aug 13, 2013 9:25am Aug 13, 2013 9:25am
Quoting mouldy
{quote} They probably do! but what has it got to do with amazon?
Amazon collect customer statistics. What they like, what they don't like. What causes them to buy on impulse.

Brokers, (I am assuming) may collect the same statistics. What kind of client behaviors do they have? Do they like to trade small or large. Are they risky or not. Are they long term or short term. etc. All this information, to their advantage. But this is just speculation.

Psychology is key here I think. For instance, why do they give you free seminars, trading advice, and lessons on technical and fundamentals that are only used to your detriment (such as them always praising for you to set tight SL to "save your trade"). Let's face it, they will love for you to trade large orders. They get the most bang for the buck immediately whether you win or lose. That's the nature of spread. Trade large and a big portion of your profits will be paid to spread, unless you are of the very few with such a tremendous bank roll.

-qFish
insanity: Doing the same thing over... and expecting different results -AE
  • #56,190
  • Aug 13, 2013 9:31am Aug 13, 2013 9:31am
Hi Sonicers

May I ask you if is that classic PVSRA bearish trend with bearish signals ?

Have a nice day.
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  • #56,191
  • Aug 13, 2013 9:31am Aug 13, 2013 9:31am
Quoting capetown
did You anyone got on GU!!!! 1,55000???? {image}
Ouch. Can you say... SL taking!? And the price snapped right back.
insanity: Doing the same thing over... and expecting different results -AE
  • #56,192
  • Aug 13, 2013 9:32am Aug 13, 2013 9:32am
Quoting qFish
{quote} Actually, we do care. Aim for sniper entries, you can average down near reversal and scale-in during your profit run. The traditional good money management system you speak of does indeed work, for the very few 5% with lots of experience and skill. But not for most traders due to time exposure IMHO. Trading single lots exposes you to high risk in less time, in which psychology doesn't allow you time to reassess. They can be done, don't get me wrong, but maybe more on the H1, H4, or Daily. Day trading on the other hand (intra-day) requires...
You guys are totally on a roll today!
If you are good at something, never do it for free--Joker
  • #56,193
  • Aug 13, 2013 9:41am Aug 13, 2013 9:41am
Quoting jmn5611
{quote} You guys are totally on a roll today!
Haha. Too many thought provoking posts. I think I'm learning myself as I write.
insanity: Doing the same thing over... and expecting different results -AE
  • #56,194
  • Aug 13, 2013 9:43am Aug 13, 2013 9:43am
Quoting qFish
{quote} Amazon collect customer statistics. What they like, what they don't like. What causes them to buy on impulse. Brokers, (I am assuming) may collect the same statistics. What kind of client behaviors do they have? Do they like to trade small or large. Are they risky or not. Are they long term or short term. etc. All this information, to their advantage. But this is just speculation. Psychology is key here I think. For instance, why do they give you free seminars, trading advice, and lessons on technical and fundamentals that are only used...

Oh yeah i remember reading that somewhere! I wonder what kind of group or behaviour theyd classify us into ;p

Ever since I opened my eyes to the world of the market makers and bulge brackets etc and how they trade against their clients, i completely agree with your statement about stop losses, in particular, setting mechanical stop losses. However I still do believe mental stop losses have a place in certain systems, and I personally know of people who are extremely profitable with them. All in all, I think that while SLs may be tremendously difficult to implement in our system, theres still a place for them

Im most excited about when the next financial crisis will hit, because that will truly stress test this system we have.
  • #56,195
  • Aug 13, 2013 9:49am Aug 13, 2013 9:49am
Quoting qFish
{quote} Haha. Too many thought provoking posts. I think I'm learning myself as I write.
The arguments from many posters will end as soon as tah himself decides to come out from behind Sonicdeejay's cloak and just say he is running a different system.

There are good ways to average down. And as long as you all understand that the tsunami is going to get you sooner or later, then nobody has any problem with what is going on here. It is all about full disclosure. There would be absolutely NO arguments from me or anyone else if there was just FULL disclosure!

Best

Joe
If you are good at something, never do it for free--Joker
  • #56,196
  • Aug 13, 2013 9:55am Aug 13, 2013 9:55am
Quoting qFish
{quote} Amazon collect customer statistics. What they like, what they don't like. What causes them to buy on impulse. Brokers, (I am assuming) may collect the same statistics. What kind of client behaviors do they have? Do they like to trade small or large. Are they risky or not. Are they long term or short term. etc. All this information, to their advantage. But this is just speculation. Psychology is key here I think. For instance, why do they give you free seminars, trading advice, and lessons on technical and fundamentals that are only used...
Amazon is one of the first, but the ones that are doing it best now is good ol Google.
their google analytics sometimes even give you the creeps when they know what you are thinking even before yourself...

as the Art of War teaches us, " know thy enemy, know thy self. A thousand battles waged, a thousand battles won! "
Make pips, not war!
  • #56,197
  • Aug 13, 2013 10:10am Aug 13, 2013 10:10am
GJ:

This one has the two biggest and most outstanding "in-sync" trader clues in the entire market today. And if any traders take that as bullish and start trading long, the MMs will probably send you roses.
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  • #56,198
  • Aug 13, 2013 10:11am Aug 13, 2013 10:11am
Quoting jmn5611
{quote} The arguments from many posters will end as soon as tah himself decides to come out from behind Sonicdeejay's cloak and just say he is running a different system. There are good ways to average down. And as long as you all understand that the tsunami is going to get you sooner or later, then nobody has any problem with what is going on here. It is all about full disclosure. There would be absolutely NO arguments from me or anyone else if there was just FULL disclosure! Best Joe
Dear jmn5611

Social Media is a fun place for traders to interact with other like minded traders, but there are many people online that for whatever reason want to try to spoil the fun. They always bring a negative wake wherever they go. They are more interested in tearing people down than adding value to wherever they are. The block button is a great tool to remove these people from your online experience and not waste any time or energy on them.

Trolls give unsolicited feedback to people sharing trade ideas or real trades. This feedback is usually negative and comes in the form of an attack and is not constructive, just annoying and rude.

The troll is usually the one against the many on social media they usually don’t have many friends unless they are fake accounts they created themselves.

The trolls number one goal is to get attention and feel better about themselves by tearing someone else down.

Trolls ignorantly attack people discussing trader psychology, risk management, or systems, not understanding what they even mean.

Even though they attack others traders trolls rarely if ever post trades or trade ideas, they keep their own skin out of the game.

Trolls are always trying to convince people that they are something they are not, retired brokers, millionaires, hedge fund managers, etc. Usually they are just a person with a social media account.

There is the spammer trolls who’s only purpose on social media is to sell something, they usually try way to hard.

An annoying type of trading troll is the one that immediately attacks another trader’s trade based on their own preconception of the trade with no idea what the trader’s time frame, position size, or exit plan even is. They also do not know the trader’s experience level of track record or even who they are they just immediately become an ignorant judge.

Another type of troll is one that becomes obsessed with a trading idea, stock, method, or direction, and attacks everyone they can that posts anything that is against this idea.

And of course the worst of all the trolls is the penny stock trolls that endlessly spam how great a stock is to buy that is worth pennies.

nothing more to add .....

source = http://newtraderu.com/?p=4484
  • #56,199
  • Edited 10:41am Aug 13, 2013 10:28am | Edited 10:41am
Quoting Redsunfx
{quote} Dear jmn5611 Social Media is a fun place for traders to interact with other like minded traders, but there are many people online that for whatever reason want to try to spoil the fun. They always bring a negative wake wherever they go. They are more interested in tearing people down than adding value to wherever they are. The block button is a great tool to remove these people from your online experience and not waste any time or energy on them. Trolls give unsolicited feedback to people sharing trade ideas or real trades. This feedback...
Great post, Redsunfx!

It is so true, too. Through past time on this thread, the most vehement of trolls, like jmn5611, have been just like him. They have all been non-contributory, with scarcely a single valid real-time trade in all of the space they wasted on this thread under the pretext of helping others. It is always much easier to talk than to perform, and this single and very telling characteristic is the one that is most developed in these trolls. Like jmn5611, they never perform.

Throughout the history of mankind, the great individuals were all persons that lead by example, not by their mouth alone. Obviously, trolls like jmn5611 are not great individuals. They are only mouths with a human body attached.

-tah
  • #56,200
  • Aug 13, 2013 10:30am Aug 13, 2013 10:30am
Quoting Redsunfx
{quote} Dear jmn5611 Social Media is a fun place for traders to interact with other like minded traders, but there are many people online that for whatever reason want to try to spoil the fun. They always bring a negative wake wherever they go. They are more interested in tearing people down than adding value to wherever they are. The block button is a great tool to remove these people from your online experience and not waste any time or energy on them. Trolls give unsolicited feedback to people sharing trade ideas or real trades. This feedback...
I think this post was made by a former guru who was debunked, lol.

Anyone who tells the truth is troll to a guru. I most certainly have public and private post to fuel me to keep going with the reality that tah is trading his own brand, people clearly see this.

All I ask is for tah to BE A MAN and admit that nothing in the way he trades when he is averaging down remotely resembles Sonic R.

I am okay with Ty, and will never have a bad word to say about him.

Why?

Because he has the STONES to call a spade a spade and admit that that averaging down is NOT Sonic R.

Twice, tah has bleated that he will sic Sonic on me. Twice he has been summarily ignored. If that does not tell you something, I don't know what will.

tah just simply needs to say that his brand is not Sonic's brand, and I will go away, quietly.
If you are good at something, never do it for free--Joker
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