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Sonic R. System

  • #61,921
  • Nov 8, 2013 10:22am Nov 8, 2013 10:22am
Quoting Antony_sg
Thanks NFP The strategies trade in NFP: you put Buy and Sell at the same price, with Gold put S/L around $8 from market price and wait only. For FX (forex majors) should put S/L around 20 pip {image}
That does not work for USofA traders that cannot place opposing orders. No hedging allowed for retailers, thanks to the NFA and F...king lobbyists for the banks and market makers, and....oh yes.....our totally ignorant and self-absorbed republican congress persons. Without their stupidity and greed we retailers would have more equal footing in the market, as have other retail traders around the world.

Any way, for most of the year I have been alluding to the master plan of the big governments and banks to keep the price going lower.
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  • #61,922
  • Nov 8, 2013 10:31am Nov 8, 2013 10:31am
Quoting loeil
{quote} {quote} {quote} {quote} {quote} fex, Awesome! Really good job!
Thanks loeil, is encouraging to see that the effort is paying off (sometimes).
Newbie trader
  • #61,923
  • Nov 8, 2013 10:34am Nov 8, 2013 10:34am
Quoting FXDrJ
{quote} Its the 1.30am for me. If I had have been awake before the fireworks began, maybe would have closed half and let the other half run. I did Take GU short just before my couple of hours rest. {image}
Just woke up to find a nice profit on my GU short 100 pips
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  • #61,924
  • Nov 8, 2013 10:45am Nov 8, 2013 10:45am
Quoting traderathome
{quote} UJ: Even though it is after the LS, I have opened a long trade on UJ. No TP/SL yet. {image}
UJ Long Trade Update: Subsequent to the first posting, I built the trade as shown and have now closed it for 3500 pips gain.
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  • #61,925
  • Nov 8, 2013 10:55am Nov 8, 2013 10:55am
Quoting lx384
One more thing, it's fine to start accumulating your positions in an area where you think you see strength/weakness. That's what I do as well. Looking at your NU shorts. At what point will you say that you're wrong? Never?
Why should I have entertained the thought the trade was wrong? I closed for more than 800 pips gain! Market prices are highly manipulated. Why, even the market makers can wisp the price 200 pips in a single day, for no reason at all except to fill orders and make commissions! Just because the price is manipulated opposite a trade for some while does not make the trade invalid. And there is still good potential downside for this pair, which has been posted on. So, next week the games resume.
  • #61,926
  • Nov 8, 2013 11:08am Nov 8, 2013 11:08am
Quoting traderathome
UChf: The area above the whole number seems a nice place to launch a position building move down before Thursday. First, the MMs hold the price up while building shorts, which are only for the purpose of making the position building move profitable. Next, the position building move which will be down and nicely so. It will suck in shorts. As the shorts come in the MMs close out the shorts they have been collecting, and then start building longs for the late week USD move. Just a theory, but based on a bias that EU is bear and therefore UChf should...
UChf Short Trade Update: Today I added short Scouts #2-4. The reset TP might be a bit presumptuous. At the worst, I expect price to return to the area of the first entry, which will still be profitable. Will see what happens next week.
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  • #61,927
  • Nov 8, 2013 11:08am Nov 8, 2013 11:08am
AU - what a nice pin with high volume!
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Whatever is obvious is obviously wrong!"
  • #61,928
  • Nov 8, 2013 11:10am Nov 8, 2013 11:10am
Quoting FXDrJ
{quote} Just woke up to find a nice profit on my GU short 100 pips {image}
Seems like nice waking
Whatever is obvious is obviously wrong!"
  • #61,929
  • Nov 8, 2013 11:15am Nov 8, 2013 11:15am
Quoting traderathome
{quote} NU Short Trade Update: While I see this could go lower, I have taken profit below RDL for 818 pips gain. I added short #8 (Classic) yesterday. Next week is a new adventure because there is the potential for a nice H&S move lower. {image}
Quoting traderathome
{quote} UCad Long Trade Update: Closed trade for 3209 pips gain. {image}
Quoting traderathome
{quote} UJ Long Trade Update: Subsequent to the first posting, I built the trade as shown and have now closed it for 3500 pips gain. {image}
Awesome results
Whatever is obvious is obviously wrong!"
  • #61,930
  • Nov 8, 2013 11:24am Nov 8, 2013 11:24am
EU - for users who didn't believe EU longs. Do you need more proof? Here is your proof! Patience patience patience!!!
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Whatever is obvious is obviously wrong!"
  • #61,931
  • Nov 8, 2013 11:48am Nov 8, 2013 11:48am
Quoting traderathome
{quote} Why should I have entertained the thought the trade was wrong? I closed for more than 800 pips gain! Market prices are highly manipulated. Why, even the market makers can wisp the price 200 pips in a single day, for no reason at all except to fill orders and make commissions! Just because the price is manipulated opposite a trade for some while does not make the trade invalid. And there is still good potential downside for this pair, which has been posted on. So, next week the games resume.
Definitely manipulated.

Then isn't this skirting away from post no.1? So from what I see, it's more of a 'hope it retraces' type of trade. Isn't it more efficient for you to have taken profit at a certain point and re-short when price goes back up? Clearly you can see that there was buying volume coming in NU. And what if price never comes back to the direction you seek? Take for example EJ. Try shorting on HV on the way up. How screwed will you be?

Congrats on your profits and being 'right'. Anybody can be 'right' the way you are holding on to trades. If EJ comes back down to 101.00 6 months down the road, those who shorted there and still holding can also be called 'right'. Just had to hold the trade for about a year. Yea, is that how you define 'right'? The whole point of this method is to figure out what mm are doing at certain areas and try to follow. There will always be retracements, fakes and swings both directions and we will make room for that. But to say that there will not be a point where you consider a trade wrong is just plain arrogant and reckless.

Don't forget, HV on a up/down bar can ALSO mean buying/selling volume. MM may not want to wait for lower/higher prices and are willing to take short side positions at whatever price they can get.

Inserted Video


Again, this is what sonic posted in his video. He has SL clearly defined. He has a place where his trade is 'wrong'.

The reason why I'm saying all these is because I find the management of the trades very reckless and not according to the 'theology' of pvsra. A lot of newbies are here learning. This 'I'm not wrong' is something that they should not be learning. The fundamentals and idea behind pvsra is great, but are you guys really following it?

What I see are . . . "I made xxx pips." "congrats, well done". But I don't see any constructive feedback if the trade is 'wrong'. It's just swept under the carpet, i.e the EU trade loiel is in. And it's only brought back up when, ta da, price retraced back and "i'm right!". Maybe it's just me, but I don't give a damm how many pips anybody make. I care about how you(generic) enter and how you manage your trades and if you're following your trading rules. I do go look at the charts in detail, and look back at the entries of people who post "I made xxx pips". Some are really really good trades. I'm not disputing those.

*again, what I'm saying here really depends of the duration of your trade. If you tell me you're looking at weekly and monthly charts, then yea, this won't really apply. But what I've been seeing here are short term charts to accumulate positions. So I have to take it that you guys are short term traders.
  • #61,932
  • Edited 12:27pm Nov 8, 2013 12:02pm | Edited 12:27pm
Quoting lx384
{quote} Definitely manipulated. Then isn't this skirting away from post no.1? So from what I see, it's more of a 'hope it retraces' type of trade. Isn't it more efficient for you to have taken profit at a certain point and re-short when price goes back up? Clearly you can see that there was buying volume coming in NU. And what if price never comes back to the direction you seek? Take for example EJ. Try shorting on HV on the way up. How screwed will you be? Congrats on your profits and being 'right'. Anybody can be 'right' the way you are holding...
I don't have an easy answer for your questions. I suggest you trade per the video, post your trades per the video, and after time if any further tweaking needs doing regarding SLs etc., then let's do it.

It comes down to a single choice to use a SL or not. If you believe you have the trade direction correct, do you want to have a SL and get stopped out before the trade runs, or do you want to risk having market price manipulations take the trade into deep red before it runs? Using a SL, especially a tight one can knock you out of many good trades, and all of the really good ones. Using a wide SL can simply help you lose more. How wide is wide enough? How tight is tight enough? And if you use no SL and instead rely on yourself to close a bad trade, at what point do you concede a trade is bad? And if shortly afterwards, the trade goes good......really good?

I don't have answers for these questions. I trade the way I do, and survive the market doing so. I have been around for years. In all this time I have yet to encounter anyone with a firm method for using a SL, and that sticks to it. I think this is the area that makes the difference between real traders and everyone else. This is an area that apparently for all that is written on it (somewhere, and I have yet to find anything reliable), nobody sticks to anything because from day to day what worked yesterday won't today and anyone that has been around for a while damn well knows it.

The market is very manipulated, and that is exactly why it is very manipulated,......so nobody can consistently rely on anything.

If you want to criticize me for not using a SL, go ahead. I certainly deserve it. If you want to demonstrate a proper way to trade Sonic R. using a SL, always using a SL and with adequate rules for always setting the SL, go ahead. Demonstrate it. You will find many here have been looking for someone who can.

-tah
  • #61,933
  • Nov 8, 2013 12:02pm Nov 8, 2013 12:02pm
Quoting loeil
EU - for users who didn't believe EU longs. Do you need more proof? Here is your proof! Patience patience patience!!! {image}
Just want to say Loeil, I have nothing against you as a person. Just against the way you are managing your trade. Just using your EU trade as an example.

And yes, as of now, there is strength in the background. But what are you implying in your statement? It sounds like you're saying it as FACT that it will go up. Trying to be a salesman to rally people to go long? That's the problem I'm having with what you're saying. It's irresponsible! Yes, people might want to start accumulating longs now. I'm also considering it based on what I've seen today. But what you're not telling people is what are you going to do if price continues to fall. If it breaks down again, are you still going to say that it is still a long? Because that was what happened at the start of the week. In a down trend there can be re-distribution for a continuation down.

I have nothing more to say if you tell me that you are a long term trader. But are you really? Because the trades I've seen you do are pretty short term.
  • #61,934
  • Nov 8, 2013 12:03pm Nov 8, 2013 12:03pm
Quoting lx384
{quote} Definitely manipulated. Then isn't this skirting away from post no.1? So from what I see, it's more of a 'hope it retraces' type of trade. Isn't it more efficient for you to have taken profit at a certain point and re-short when price goes back up? Clearly you can see that there was buying volume coming in NU. And what if price never comes back to the direction you seek? Take for example EJ. Try shorting on HV on the way up. How screwed will you be? Congrats on your profits and being 'right'. Anybody can be 'right' the way you are holding...
That you do not understand it, does not mean it does not exist or is not true. Leave us the insane with our stuff, newbies like me we have enough ads like yours. Thanks (sincerely).
Newbie trader
  • #61,935
  • Nov 8, 2013 12:05pm Nov 8, 2013 12:05pm
Quoting lx384
{quote} Definitely manipulated. Then isn't this skirting away from post no.1? So from what I see, it's more of a 'hope it retraces' type of trade. Isn't it more efficient for you to have taken profit at a certain point and re-short when price goes back up? Clearly you can see that there was buying volume coming in NU. And what if price never comes back to the direction you seek? Take for example EJ. Try shorting on HV on the way up. How screwed will you be? Congrats on your profits and being 'right'. Anybody can be 'right' the way you are holding...
Each trader has his/her own strategy/method whatever to follow. There are hundred and thousand different ways to trading. If this stuff doesn't fit you it doesn't mean that it is wrong!!!
Whatever is obvious is obviously wrong!"
  • #61,936
  • Nov 8, 2013 12:34pm Nov 8, 2013 12:34pm
Market Comment

I wonder if the 3:30 pm EST for Bernanke to speak was set by design to minimize the impact on the market. Some brokers will close a half hour later, at 4pm. Others will only have 1.5 hours from the bell to screw with prices. Or, will the entire event be a late Friday "Non-Event"? If so, I want a refund on my popcorn and cola purchase!
  • #61,937
  • Nov 8, 2013 12:35pm Nov 8, 2013 12:35pm
Quoting fex
{quote} That you do not understand it, does not mean it does not exist or is not true. Leave us the insane with our stuff, newbies like me we have enough ads like yours. Thanks (sincerely).
"That you do not understand it, does not mean it does not exist or is not true." That's the whole point I'm trying to make. We DO NOT know what is going to happen. So to say things like it is a fact is irresponsible. We trade what we can see and try our best to interpret what we see. But WE CAN BE WRONG.

I'm not here trying to post an ad. I trade this method. The whole point of me posting IS to help the newbies. How many blown accounts do you want? One more major down move in the eu will bust many newbies accounts who entered like how loeil did. Is that what this method is about? I really don't think so. So if you claim you are a newbie, don't you want to learn this method the right way? Maybe you have, but many others have not.

I like this method and strategy and I trade it. So when someone posts something that really is against the way it should be done, I'll say something about it.

SonicDeejay, correct me if I'm wrong, and I'll apologise and shut up.

Just don't tarnish Sonic's method.
  • #61,938
  • Nov 8, 2013 12:38pm Nov 8, 2013 12:38pm
Quoting loeil
{quote} Each trader has his/her own strategy/method whatever to follow. There are hundred and thousand different ways to trading. If this stuff doesn't fit you it doesn't mean that it is wrong!!!
We are ONLY talking about one method here. Which is PVSRA. Sonic. Not talking about anything else. This is the way you are basing your trades on. So let's not be generic and skirt the question that I posted to you.
  • #61,939
  • Nov 8, 2013 12:57pm Nov 8, 2013 12:57pm
Quoting traderathome
{quote} I don't have an easy answer for your questions. I suggest you trade per the video, post your trades per the video, and after time if any further tweaking needs doing regarding SLs etc., then let's do it. It comes down to a single choice to use a SL or not. If you believe you have the trade direction correct, do you want to have a SL and get stopped out before the trade runs, or do you want to risk having market price manipulations take the trade into deep red before it runs? Using a SL, especially a tight one can knock you out of many good...
Thanks for a reasonable and thoughtful response. This question is directed to you because you seem to be the one who knows what you're talking about.

I agree that we need to give the trade breathing space for it to work out. I'm not talking about the use of stop loss. I'm asking where will you say that a trade is wrong and take yourself out manually or by using SL. It's not so much of using or not using SL. The question is, where will you say that you are wrong. Again, I'm not criticizing you for not using stops. I'm asking at what point will you say the trade is wrong. Do you mean you will never take a loss? I trade this method and I myself do not use stops, but I have a point where I say I interpreted the trade wrong.

Maybe your account can handle very big draw downs, but many newbies who are over leveraged and have a small account can't.
  • #61,940
  • Nov 8, 2013 1:01pm Nov 8, 2013 1:01pm
Quoting lx384
{quote} We are ONLY talking about one method here. Which is PVSRA. Sonic. Not talking about anything else. This is the way you are basing your trades on. So let's not be generic and skirt the question that I posted to you.
Whining whining whining…we have seen and heard it lot of times here, nothing new anymore Less whining and more learning - this is the key of the success!
Whatever is obvious is obviously wrong!"
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