Sonic R. System | Page 2974 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Sonic R.evolution 95 replies

The System Behind the System, by Merlin Jeffries 16 replies

Old School Sonic System + Other Things 11 replies

Knife system, Vegas 4h system related questions. 4 replies

Would you trade this system? New system #2. 10 replies

Attachments: Sonic R. System
Exit Attachments

Sonic R. System

  • #59,461
  • Sep 19, 2013 4:28am Sep 19, 2013 4:28am
Quoting loeil
{quote} If you read more carefully then you see, I don't blame Tah. I just agree with other users. I don't blame anybody! I just see, that here are some users, who trades more successfully and without huge DD. So it's possible to trade without bursting everybody's accounts and that is what I want to say. If you don't understand it, it's your problem. As I see it's problem for you when someone is not agree with Tah and have other opinion. We all are here for one purpose. To make money! So if one way is not working, it's normal that we are looking...
I haven't problem with anyone and i am learning from all and practicing, I am just saying that saying that Tah is just working on demo and we have burnt our account by following him is not rite as he has told many time times that he is also trading it on real and now he too understands that something has to be change now.
  • #59,462
  • Sep 19, 2013 4:32am Sep 19, 2013 4:32am
Quoting zohaib
{quote} I haven't problem with anyone and i am learning from all and practicing, I am just saying that saying that Tah is just working on demo and we have burnt our account by following him is not rite as he has told many time times that he is also trading it on real and now he too understands that something has to be change now.
Exactly, that I wanted to say! Something has to be changed, because next time we might not survive it anymore.
Whatever is obvious is obviously wrong!"
  • #59,463
  • Sep 19, 2013 4:38am Sep 19, 2013 4:38am
I did make some kind of analyzing.
During last year (since 19/09/2012) it was only 9 days with range more then 200 pips by EU.

  1. 10/01/2013,
  2. 07/02/2013,
  3. 25/02/2013,
  4. 25/03/2013,
  5. 04/04/2013,
  6. 06/06/2013,
  7. 10/07/2013,
  8. 11/07/2013,
  9. 18/09/2013.

Now, i am interested to check what were reasons and what "PVSRA" told us about those days...

Everything is possible!!! Step by Step...
  • #59,464
  • Sep 19, 2013 4:39am Sep 19, 2013 4:39am
Quoting loeil
{quote} Exactly, that I wanted to say! Something has to be changed, because next time we might not survive it anymore.
You still survived but i didn't so better luck to you . I think we need to wait for real weakness signs by price action on support and resistance first and then start to build position. And classic sonic system still rock as this is my trade from Tuesday which hit tp yesterday
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_USD_JPY_15 Mins_snapshot.png Size: 37 KB
  • #59,465
  • Sep 19, 2013 4:41am Sep 19, 2013 4:41am
Quoting loeil
{quote} Exactly, that I wanted to say! Something has to be changed, because next time we might not survive it anymore.

I like it.
We don't have any arguments or blame together.
Good behaviors that I haven't seen this before.
Just saying about feeling, opions.
Keep learning until you die :-)
  • #59,466
  • Sep 19, 2013 4:42am Sep 19, 2013 4:42am
Quoting zohaib
{quote} You still survived but i didn't so better luck to you . I think we need to wait for real weakness signs by price action on support and resistance first and then start to build position. And classic sonic system still rock as this is my trade from Tuesday which hit tp yesterday {image}
Yeah survive it, but I think this is not over yet. DD~53%

And totally agree with you, we need to wait REAL weakness signs. This might be the key!
Whatever is obvious is obviously wrong!"
  • #59,467
  • Sep 19, 2013 4:45am Sep 19, 2013 4:45am
Quoting DmitryFX
I did make some kind of analyzing. During last year (since 19/09/2012) it was only 9 days with range more then 200 pips by EU. 10/01/2013, 07/02/2013, 25/02/2013, 25/03/2013, 04/04/2013, 06/06/2013, 10/07/2013, 11/07/2013, 18/09/2013. Now, i am interested to check what were reasons and what "PVSRA" told us about those days...

You need to know the market type which your trading system/method is best suited.

Inserted Video


I am not saying here that you use SQN, but you need to have a method to determine the market type in which you can trade in.
PVSRA is just a tool programmed to show you the certain chart conditions using price tick volume data..
PVSRA does not tell you market is Bull or Bear. That is only a false belief or what psychiatrist diagnosed as delusion.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,468
  • Sep 19, 2013 4:52am Sep 19, 2013 4:52am
Islander,

what do you think about that EP ? Just a little advice
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.armm1.png Size: 26 KB
Whatever is obvious is obviously wrong!"
  • #59,469
  • Edited 5:43am Sep 19, 2013 4:52am | Edited 5:43am
Quoting emmanuel7788
{quote} You need to know the market type which your trading system/method is best suited. http://www.youtube.com/watch?v=Mz3PygyMi5I I am not saying here that you use SQN, but you need to have a method to determine the market type in which you can trade in. PVSRA is just a tool programmed to show you the certain chart conditions using price tick volume data.. PVSRA does not tell you market is Bull or Bear. That is only a false belief or what psychiatrist diagnosed as delusion.
I know very well what you mean. Never used PVSRA as only one indicator, just another one confirmation. Even posted here my idea of trading system before.
BUT I mean something different
Everything is possible!!! Step by Step...
  • #59,470
  • Sep 19, 2013 5:29am Sep 19, 2013 5:29am
Quoting loeil
Islander, what do you think about that EP ? Just a little advice {image}
Loil that was a good position ! By all rules
  • #59,471
  • Edited 5:43am Sep 19, 2013 5:32am | Edited 5:43am
GM - firstly I feel for all of those whose Real Money account have been margin called / closed. I hope that your losses do not cause you any personal problems.

As TAH has often said, his trading is Work in Progress, which he is running throughout this year and I do not doubt that before the end of the year he will show us a more workable system that will be more news shock tolerent.

This change of policy by The Fed is a HUGE event which will have many longer term repercussions, so be aware of this.

Trading around BIG news events - and the FOMC is THE biggest - is always more risky and thus IF I do trade, I do so with smaller positions as the Three Dragons is NOT about News Trading, its about baking regular ammounts EVERY day and not holding any positions overnight.

All trading is personal and some prefer longer term trades off higher time frames - I do not and thus the Three Dragons suits MY needs for activity during the times that I choose to be in front of my screen. It is also easier to control risk and maintain flexibility.

From this morning's posts I can see that my own buys in GbpUsd, EurUsd and UJ have already been covered by others - well done
Trading Levels with WRBs
  • #59,472
  • Sep 19, 2013 5:40am Sep 19, 2013 5:40am
Quoting loeil
Islander, what do you think about that EP ? Just a little advice {image}

I can not see the candle where you have that entry.

Firstly, its coming up to the UK Retail Sales data - a Red one in FF - so any trade would be smaller size.

Secondly, the first Three Dragons entries are in the 8:16 or 8:22 GMT candles and use a wider SL....there were later entry signals too

The alternative is to let the dust settle and sell after the retrace, so around 8:40 GMT with normal size
Trading Levels with WRBs
  • #59,473
  • Sep 19, 2013 5:45am Sep 19, 2013 5:45am
Quoting Islander
{quote} I can not see the candle where you have that entry. Firstly, its coming up to the UK Retail Sales data - a Red one in FF - so any trade would be smaller size. Secondly, the first Three Dragons entries are in the 8:16 or 8:22 GMT candles and use a wider SL....there were later entry signals too The alternative is to let the dust settle and sell after the retrace, so around 8:40 GMT with normal size
I mean that candle in the blue rectangle. Because the previous candle closed below ema.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.armm1.png Size: 25 KB
Whatever is obvious is obviously wrong!"
  • #59,474
  • Sep 19, 2013 6:02am Sep 19, 2013 6:02am
Quoting loeil
{quote} GOLDEN WORDS DmitryFX Everyone who is trading on DEMO (Tah and some others users) account, doesn't worry, no real money - no real worries. Now I have a dilemma. Because I trade on REAL account, I need to take some decisions, real decision. Do I close the worst trades or not?
If you deside to downscale your positions, remember to close the ones first that you opened on the highest price. That way you still have oppoturnity to get those worst positions back, when the price starts moving down once again. You can re-enter those highest positions later with even better price to get better overall position.

Remember that what goes up, must come down!

Some levels/patterns I think might be worth checking out before fully closing losers...
You know the patterns and you know where they should go... If they go as they should, all positions will close with profit.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.png Size: 71 KB
Click to Enlarge Name: gu.png Size: 62 KB
I know the secret...
  • #59,475
  • Sep 19, 2013 6:04am Sep 19, 2013 6:04am
Quoting JRissa
{quote} If you deside to downscale your positions, remember to close the ones first that you opened on the highest price. That way you still have oppoturnity to get those worst positions back, when the price starts moving down once again. You can re-enter those highest positions later with even better price to get better overall position. Remember that what goes up, must come down! Some levels/patterns I think might be worth checking out before fully closing losers... You know the patterns and you know where they should go... If they...
Thanks
Whatever is obvious is obviously wrong!"
  • #59,476
  • Sep 19, 2013 6:07am Sep 19, 2013 6:07am
Quoting loeil
{quote} PVSRA is not a trading method but almost everyone here is trading by PVSRA If PVSRA is only method for analyzing, why we take trade every time when PVSRA indicates that MMs are bears/bulls ? Do we use some "method" for taking trades? I need glasses :nerd:
Taking a trade at ANY time is a person's personal perogative. As far as I can recall,
nobody has ever suggested that MUST be done. There are as many trading "styles" as
there are traders.

Don't ever try to blame over-trading on someone else. Everyone (should) make their
own trading decisions based upon their own analysis.

  • #59,477
  • Sep 19, 2013 6:10am Sep 19, 2013 6:10am
Quoting loeil
{quote} I mean that candle in the blue rectangle. Because the previous candle closed below ema. {image}
Agreed, but I think what you mean is that it closed below the 15m Dragon - on the 1m chart that's the 510 ema.

The earlier entries that I mentioned were both after closes below the 5m Dragon, which would normally (for me) trigger a 1 unit entry, the second unit being allowed as you have shown.

Again, this is Work in Progress and I am just showing one way to use the Three Dragons, the decision on WHICH Dragon to use for YOUR OWN entries is YOUR PERSINAL decision.....the "faster" the Dragon that you use, the more potential entries AND the more whiplash....
Trading Levels with WRBs
  • #59,478
  • Edited 6:23am Sep 19, 2013 6:12am | Edited 6:23am
Quoting ArtfulDodger
{quote} Taking a trade at ANY time is a person's personal perogative. As far as I can recall, nobody has ever suggested that MUST be done. There are as many trading "styles" as there are traders. Don't ever try to blame over-trading on someone else. Everyone (should) make their own trading decisions based upon their own analysis.
Read my posts again and more carefully. I DON'T BLAME anybody! Where I said that anyway? And I have not overtraded. Just many of my trades are so so far away from current price, nothing else. Because I agreed with other users you think I blame someone. This seems like some crime to agree with other users. Come on, at least I have my own opinion and I have a courage to admit, that we made a huge mistake at this time and something has to be change. You can trade the way like you want, for the users who want to trade by PVSRA, it's obvious that some changes needs to be done.

You could pray for those, who burst their accounts, not for me.
Whatever is obvious is obviously wrong!"
  • #59,479
  • Sep 19, 2013 6:16am Sep 19, 2013 6:16am
Quoting DmitryFX
{quote} I know very well what you mean. Never used PVSRA as only one indicator, just another one confirmation. Even posted here my idea of trading system before. BUT I mean something different
As you said eariler, its all about psychology. Numerous books on this such as Eldar. They also tend to recommand using/knowing few indicators well as opposed to many.
  • #59,480
  • Sep 19, 2013 6:22am Sep 19, 2013 6:22am
Quoting Islander
GM - firstly I feel for all of those whose Real Money account have been margin called / closed. I hope that your losses do not cause you any personal problems. As TAH has often said, his trading is Work in Progress, which he is running throughout this year and I do not doubt that before the end of the year he will show us a more workable system that will be more news shock tolerent. This change of policy by The Fed is a HUGE event which will have many longer term repercussions, so be aware of this. Trading around BIG news events - and the FOMC is...
Absolutely. This news surprised most markets and experienced traders. These event only occur a handful of times in the entire year. Don't be too hard on yourselves.
27 traders viewing now