Sonic R. System | Page 3186 | 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

  • #63,701
  • Jan 3, 2014 4:31am Jan 3, 2014 4:31am
Nice S/R play??


Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym15.png Size: 72 KB
  • #63,702
  • Jan 3, 2014 6:00am Jan 3, 2014 6:00am
Need Your Blessing guys...



Inserted Video






http://trtacademy.com/event-registration/?ee=35


Cheers...
Sonic
  • #63,703
  • Jan 3, 2014 6:23am Jan 3, 2014 6:23am
Hola!

EU long trade started with EP1.

Sorry for disappearing for such a long time again, but I have had extremely busy year end at my day job... Just could not find time for posting trades.
Attached Image (click to enlarge)
Click to Enlarge Name: EU15M.png Size: 66 KB
I know the secret...
  • #63,704
  • Jan 3, 2014 6:39am Jan 3, 2014 6:39am
Quoting loeil
{quote} GJ - short closed for 5109 pips gain {image}

Hello Loeil, and Happy New Year!

A quick question....

How many parts was that trade, and were all the parts equal?

Just trying to analyze it.

Thanks.

  • #63,705
  • Jan 3, 2014 6:43am Jan 3, 2014 6:43am
Quoting sonicdeejay
Knew there were such things.. until you see them by yourself... All about one thing -- hunting your stops.. http://www.youtube.com/watch?v=g6RBKkF_m04 Sonic
That is a disturbing video. I don't know exactly how someone might use it,
but just the thought that it is possible sucks!

  • #63,706
  • Jan 3, 2014 7:30am Jan 3, 2014 7:30am
Quoting loeil
USDCHF - long. {image}
UCHF - long closed for 1511 pips gain
Attached Image (click to enlarge)
Click to Enlarge Name: usdchfh4.png Size: 28 KB
Whatever is obvious is obviously wrong!"
  • #63,707
  • Jan 3, 2014 8:25am Jan 3, 2014 8:25am
Quoting sonicdeejay
{quote} I will wait for t price to go brlow dragon " then short.. Sonic

Attached Image


Some one asked me the question and I made the above answer of EU on 30 Dec..

Today is 3 Jan..


Inserted Video



Told Cha

Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm152.png Size: 109 KB


Sonic
  • #63,708
  • Jan 3, 2014 8:31am Jan 3, 2014 8:31am
Quoting sonicdeejay
Nice S/R play?? Sonic {image}
there is a long green vol bar why didn't you long but short?
  • #63,709
  • Jan 3, 2014 8:54am Jan 3, 2014 8:54am
Quoting traderathome
{quote} NU Long Trade Update: Added longs #6-11, all Scouts except one, mostly when price was knocked down to various lows with incoming higher volumes, such as this current add, long #11 (M15 PVSRA situation indicates bulls).{image} Edit: Added long #12, Scout, as MMs whisked the price lower (below 1/4 SR) with increasing activity.{image}
NU Long Trade Closed:

Lowered TP and closed trade for 12x60.4= 724.8 pips gain.
Attached Image (click to enlarge)
Click to Enlarge Name: jan 2014 - 017.png Size: 75 KB
  • #63,710
  • Jan 3, 2014 9:05am Jan 3, 2014 9:05am
Quoting trexy123
{quote} there is a long green vol bar why didn't you long but short?

1. We just had a massive Down Day.. yesterday... So.. going short or long will be the better bet..??

2. Today is Friday .. If I have a long position.. I might get trapped with a position over the weekend.. and might get whipout by the Next Monday Gap..

Hope it answers..


Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym15.png Size: 73 KB
  • #63,711
  • Edited 11:01am Jan 3, 2014 9:32am | Edited 11:01am
Quoting traderathome
{quote} EU Short Trade Update: Added shorts since last posting, mostly Scouts #5-11, with #11 just added as the US MMs hiked the price quickly at the US open, which is something they frequently do if they are bears wanting to add shorts, above the half number too, so that also is a PVSRA indication they could be bears. {image}
EU Short Trade Closed:

Subsequent to the last post I added 2 more short Scouts and then two positions were lost due to margin call, a 2x229.4= 458.8 pips loss. I have altered the TP and the trade has completely closed for 11x100= 1,100 pips gain, meaning a net of 641.2 pips gained.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: jan 2014 - 018.png Size: 73 KB
Click to Enlarge Name: jan 2014 - 020.png Size: 68 KB
  • #63,712
  • Jan 3, 2014 11:12am Jan 3, 2014 11:12am
Quoting traderathome
{quote} EU Short Trade Closed: Subsequent to the last post I added 2 more short Scouts and then two positions were lost due to margin call, a 2x229.4= 458.8 pips loss. I have altered the TP and the trade has completely closed for 11x100= 1,100 pips gain, meaning a net of 641.2 pips gained. {image} {image}

If you are getting a margin call, I think you need to look at your money management and improve it.
insideBars==boss
  • #63,713
  • Jan 3, 2014 11:12am Jan 3, 2014 11:12am
Quoting traderathome
UChf Short Trade Opened: Entered Classic shorts #1,2, one late the previous trading session and one just now (a pre-LS setup). No TP at this time. {image}
Short Trade Update:

I've added shorts #3-8, Scouts, today, as the price has been worked higher by the MMs. Yesterday there was very high volume at the highs, above the whole number achieved yesterday. Today, it looks to me like the MMs have concentrated on working the price up another 50ish pips. Examining on M1, it looks like each step higher brought a sudden increase in trading. If I have this analysis correct, the MMs have been stepping up the price and concentrating on accumulating short positions as their upwards drive brought in long orders. Time will tell. No TP or SL at this time.
Attached Image (click to enlarge)
Click to Enlarge Name: jan 2014 - 021.png Size: 61 KB
  • #63,714
  • Jan 3, 2014 11:31am Jan 3, 2014 11:31am
Quoting adamjn
{quote} If you are getting a margin call, I think you need to look at your money management and improve it.
Margin Call

Indeed, I was overloaded. However, being so and having a margin call helped in two ways. One: I was able to get more data on just how far I might push my accounts with my current manner of trading. Two: I learned how this broker handles resolving a margin call, which was to my hopeful expectations. I have had experience with another broker that simply cleaned out all running trades in the instance of a margin call, not just however many of the oldest trades in the account needed to be closed to resolve the margin call.

-tah
  • #63,715
  • Jan 3, 2014 11:46am Jan 3, 2014 11:46am
Quoting JRissa
Hola! EU long trade started with EP1. Sorry for disappearing for such a long time again, but I have had extremely busy year end at my day job... Just could not find time for posting trades. {image}
EU
added three long positions as price was pushed down with increased volume on every push.

Scouts based on PVSRA
Attached Image
I know the secret...
  • #63,716
  • Jan 3, 2014 2:49pm Jan 3, 2014 2:49pm
Quoting traderathome
{quote} GU Short Trade Update: Added shorts #12-16, Scouts. {image}
GU Short Trade Closed:

Closed trade at revised TP for 16x20.3= 324.8 pips gain.
Attached Image (click to enlarge)
Click to Enlarge Name: jan 2014 - 022.png Size: 70 KB
  • #63,717
  • Jan 3, 2014 3:18pm Jan 3, 2014 3:18pm
EU Long Trade Opened:

Entered long #1, Scout. As JRissa said above, it is clear by M1 PVSRA the Market Makers are driving the price lower and trading is increased as the price drops, indicating the Market Makers and others are coveting the lower prices for buying, either to close shorts and/or to accumulate long orders (which is what I think is the case with the Market Makers).
Attached Image (click to enlarge)
Click to Enlarge Name: jan 2014 - 023.png Size: 60 KB
  • #63,718
  • Jan 3, 2014 7:02pm Jan 3, 2014 7:02pm
Quoting ArtfulDodger
{quote} That is a disturbing video. I don't know exactly how someone might use it, but just the thought that it is possible sucks!
"Disturbing" Ain't the Word that Adequately Describes Such Brokers (May the Good Lord Deal With Them)

The Virtual Dealer Plug-in got a lot of adverse publicity some few years back. Probably only those brokers at the bottom of the garbage pile still use it to steal from their clients.

On the other hand, MT4 continues to upgrade and we might take that as a sign that in the wake of some early on adverse MT4 publicity, and in the wake of increasing news headlines of price manipulation affecting the currency markets, and in the wake of increasingly aggressive oversight of the spot forex market brokers, and in the wake of other platforms trying to get footing,.......that MetaQuotes is decided on keeping solid footing and a professional tone, and in that regard someone representing another platform that goes up against MetaQuotes and is failing to garner favor, has decided to try and give MT4 a kick in the shins by bringing up old news.

Of course, keep watch on your account and your individual order prices to make sure your broker is not altering anything. If you find something amiss, call the broker, let them know you know about such broker "cheats", that there is even a video on the internet that exposes how the brokers do it, and that if they do not correct, you will call the oversight agency on them (NFA, whatever, etc.). The world of brokers is becoming a world of a few very prominent ones and the rest being bottom feeders. The bottom feeders do not have the resources to get embroiled with legal dealings with the oversight agencies.
  • #63,719
  • Jan 4, 2014 3:04am Jan 4, 2014 3:04am
Quoting qFish
UJ: In addition to being what I would consider overbought, we have hit the first major monthly resistance (tested twice without a retrace from the rally). However, if we look at the previous leg, the current leg is a 61.8 fib retrace. Clearly SR 104 is a major pivot point. My bias is bearish although I believe there will be significant whiplashes on either side. {image} Here is my current open trades: {image} The diamond represents what I consider a natural retrace based on the previous leg and current trend. Its future intersection can point to...
UJ Short: Closed with -7.74%. After the gap up and increasing pressure after break of SR 150, my expectations were not met so I decided to close my trades and re-enter long. If I waited, I could have exited around break even or continue building. However, the weekly charts no longer supports a resistance bounce. Hindsight is always 2020. Light scouts kept my loss to a minimum.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpym15_20131231.png Size: 90 KB


UJ Long: Closed with +1.44%. As the break of SR 150 of over 25 pips, I decided to "go with the trend" and re-enter as a long position. Many would consider this jumping on the bandwagon late. However, the uptrend signals (price above dragon and 89 ema) provided me some assurance. Weekly charts also support a strong breakout with next target at SR 110.5. Of course the market would play me once again as an hour after my first entry, the news release caused an abrupt down move. How silly, I had not checked and forgot today there was significant news. Now I'm left with the saddest entry position that looked like a long entry made at the worst possible place. Alright, emotional disaster comes as I commit myself and add as I move 50 and 100 pips away with the mindset of "the major trend is still in my favor, surely this is just a small retrace in this ginormous rally of UJ". Luckily, my break came yesterday as price retraced around 50% and my orders were placed with different lot sizes weighted slightly more heavy towards the end (10,10,2,10,10) that gave me the edge to get out with a slight profit. Scouts higher than normal.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpym15_20140103.png Size: 75 KB


Lessons Learned:
- Don't forget about news.
- Trend is not always your friend.
- Patience is Key.
- Variable scout sizes can help but of course with added risk.
- You don't really ever f'kin know where the price will go so don't kill yourself if you are wrong going with or against the trend.

Hope everyone did not do as poor as I this week (Net -6.3%).

Have a nice weekend guys.

-qFish
insanity: Doing the same thing over... and expecting different results -AE
  • #63,720
  • Jan 4, 2014 6:18am Jan 4, 2014 6:18am
I see most people here like to building position more than 5 positions. I hope you guys have very good money management. As you can see in my trade explorer, I like build position too, but i still have SL and i don't let my drawdown more that 15% of my balance. Trade carefully, don't be greedy. Greed is one of the most cause of failure. I've experienced it.
I see EU sooner or later will down to 1.35, so I keep trade short than long it next week.

Attached Image


Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 69 KB
35 traders viewing now