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Sonic R. System

  • #64,561
  • Jan 24, 2014 7:16am Jan 24, 2014 7:16am
Quoting traderathome
{quote} GJ short Trade Closed: Moved TP closer since price was approaching RWL, which might be the bottom for this week. TP reached and trades closed for 3,450.3 pips gain. I added shorts #20-23 subsequent to the last post. {image}
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Kudo to you.Professor..


Sonic

P.S You encouragement and guidance made me stay in the game.
  • #64,562
  • Jan 24, 2014 7:17am Jan 24, 2014 7:17am
Quoting bagXpert
Dear all, I have seen on M15 chart AUDUSD a second candle above the blue dragon. Is it a good spot to keep longs? How can I post a chart???
You've been at Forex Factory about two and a half years and you don't know how to post a chart? There is a "Contact FF" you can click on to ask your question of them. It is at the bottom of every FF page!
  • #64,563
  • Jan 24, 2014 7:37am Jan 24, 2014 7:37am
Quoting traderathome
{quote} GJ short Trade Closed: Moved TP closer since price was approaching RWL, which might be the bottom for this week. TP reached and trades closed for 3,450.3 pips gain. I added shorts #20-23 subsequent to the last post. {image}
I wish I can trade like you Tah. 3k pips it's like a dream for me.
  • #64,564
  • Jan 24, 2014 7:46am Jan 24, 2014 7:46am
Quoting traderathome
{quote} You've been at Forex Factory about two and a half years and you don't know how to post a chart? There is a "Contact FF" you can click on to ask your question of them. It is at the bottom of every FF page!
Yes sorry but from 2 years, never I have posted a chart....
  • #64,565
  • Jan 24, 2014 7:58am Jan 24, 2014 7:58am
Quoting traderathome
{quote} GU Comment The MMs pushed the price up before the news to load up shorts. They know in advance the essence of what is to be released. Now, if the US MMs push it up for themselves to also load up some shorts, this might go lower, maybe to the lower whole number, maybe even lower towards RWL. This is an example of what Master Sonicdeejay means when he says, "Let the Dragon and PA show the way...." You might consider using the Dragon-Trend indy so that you know on what side of the Dragon the PA is. {image} {image}
Thank You. Now I see. . I like your analyses.
  • #64,566
  • Jan 24, 2014 8:01am Jan 24, 2014 8:01am
Quoting bagXpert
{quote} Yes sorry but from 2 years, never I have posted a chart....
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I want more brain power!
  • #64,567
  • Jan 24, 2014 8:03am Jan 24, 2014 8:03am
Quoting MrAmazing
{quote} I wish I can trade like you Tah. 3k pips it's like a dream for me.
You are very fortunate that you are allowed to hedge and that you can close out trades in any sequence you wish. We here in the USA cannot hedge and must close earliest entered positions first (FIFO).

Starting with that advantage, you can trade like anyone else, just scale the size of your entries to be very conservative relative to the size of your account.

We are counting pips, EPs to close, not sizes of the trades. That allows everyone to be equal. Small accounts, small size trades. Larger accounts, then larger size trades. It makes no difference, because we are measuring pips distance from EPs to close.

-tah
  • #64,568
  • Jan 24, 2014 8:09am Jan 24, 2014 8:09am
Quoting cfdtaleong
{quote} {image}

Nice Effort..

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Sonic
  • #64,569
  • Jan 24, 2014 8:15am Jan 24, 2014 8:15am
Quoting qFish
Many losses today. All trades closed (around 44 eps worth spread across long UJ, short EU, short EA, long AU, long AJ, and long AC). Out at -28%. My max DD comfort level was -25%. Tells you how hard it is to end your trades in a loss. Trading many pairs to diversify does not work if you are using similiar logic. Better to play half of the pairs you choose against your logic as a hedge. However, we're all limited by margin so hedging will waste half of your positions.
I know what You fill. I closed my first scout AU and now I Begin again AU. My acount is small therefore I tarde this time max 2 pairs.
I start few months ago with 500 PLN and I win to about 5.000.
But than I greed, more greed. and finisz about 1.000.
My lesson, small, litle and patiently.
  • #64,570
  • Jan 24, 2014 8:18am Jan 24, 2014 8:18am
Quoting ramin1234
It is nice for short {image}
4h later...
told cha
  • #64,571
  • Jan 24, 2014 8:25am Jan 24, 2014 8:25am
Quoting traderathome
{quote} You are very fortunate that you are allowed to hedge and that you can close out trades in any sequence you wish. We here in the USA cannot hedge and must close earliest entered positions first (FIFO). Starting with that advantage, you can trade like anyone else, just scale the size of your entries to be very conservative relative to the size of your account. We are counting pips, EPs to close, not sizes of the trades. That allows everyone to be equal. Small accounts, small size trades. Larger accounts, then larger size trades. It makes no...
TAH. Can You some suggestion about hegde with scouts. I like test on demo account but I don't how building and how long adding both oders. If it is no problem for You.
Thx
  • #64,572
  • Jan 24, 2014 8:43am Jan 24, 2014 8:43am
Quoting traderathome
{quote} You are very fortunate that you are allowed to hedge and that you can close out trades in any sequence you wish. We here in the USA cannot hedge and must close earliest entered positions first (FIFO). Starting with that advantage, you can trade like anyone else, just scale the size of your entries to be very conservative relative to the size of your account. We are counting pips, EPs to close, not sizes of the trades. That allows everyone to be equal. Small accounts, small size trades. Larger accounts, then larger size trades. It makes no...
Hahahahaha.. Sorry to hear that, and yes those rules are sucks. Lucky I am not live in USA. Maybe someday I will open my micro account $500 to practice building position like you and trade for more pips.
All success for you.

Ok I'm done today. Good night fellas.

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  • #64,573
  • Jan 24, 2014 8:46am Jan 24, 2014 8:46am
Quoting MrAmazing
{quote} I'm sorry to hear that. This is my way for trading forex : It's better trade only 1 pair in a time until you make profit with it. After you closed it, you can find another pair if you want. Hope you can be success next time.
Thanks MrAmazing. You have definitely shown one of the more impressive and consistent scalping I've seen. Scalpers have a lot they can learn from you. Keep up the good work!
insanity: Doing the same thing over... and expecting different results -AE
  • #64,574
  • Edited 9:14am Jan 24, 2014 8:58am | Edited 9:14am
Quoting FXRobert
{quote} TAH. Can You some suggestion about hegde with scouts. I like test on demo account but I don't how building and how long adding both oders. If it is no problem for You. Thx
Hedging, and NFA Screwing of USA Retail Traders

As I said, I cannot hedge. Your question about hedging should be asked of someone trading from outside USA, someone who does hedge.

Basically, if a trade goes against you, but you still believe in it (and it is often worthy of your doing so) just open trade components in the opposite direction. When things seem to be again at a turning point, some (if not all) of your "hedging" trades will have profit you can take that compensates you for some of your losses on the original direction trades that are still running, now at maximum losses. Now, at the turn, you can start to add to your original direction trades.

It is an easy concept, and can diminish many otherwise bigger losses while helping to save your account from Margin stress and trade liquidations (which is why the F....king NFA screwed USA traders, lobbying Congress on behalf of "Big Money" under the pretext of "protecting" retailers from themselves, so "Big Money" now has an easier time taking money out of retail trader's accounts.

I'd sure like the F....king NFA to show Congress how well the F....king Market Makers would fare if they could not hedge! The markets would collapse and close within six months due to Market Makers going belly up!
  • #64,575
  • Jan 24, 2014 9:07am Jan 24, 2014 9:07am
Quoting traderathome
{quote} Hedging, and NFA Screwing of USA Retail Traders As I said, I cannot hedge. Your question about hedging should be asked of someone trading from outside USA, someone who does hedge. Basically, if a trade goes against you, but you still believe in it (and it is often worthy of your doing so) just open trade components in the opposite direction. When things seem to be again at a turning point, some (if not all) of your "hedging" trades will have profit you can take that compensates you for some of your losses on the original direction trades...
Indeed. Our strategy would have been perfect if it wasn't for NFA. :-(
insanity: Doing the same thing over... and expecting different results -AE
  • #64,576
  • Jan 24, 2014 9:18am Jan 24, 2014 9:18am
Quoting traderathome
{quote} GU Short Trade Update: Since the last post I have added shorts #7-8, Scouts. This last one added was a pending order that executed. If you view M5 you will see the notable volume when the MMs again pushed the price above the 3/4SR following the 50+ pips hike when the US session opened. To me, this is a clear PVSRA indication the hike was a "put up job" by the US MMs to get the PA higher to resume accumulation of short orders. I still have another, higher pending order in case the MMs push the price up even further. Tomorrow brings multiple...
GU Short Trade Closed:

Raised TP considerably. TP reached and trade closed for 294.6 pips. I will start cleaner, next week. I added shorts #9-14 since the last post.
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  • #64,577
  • Jan 24, 2014 9:29am Jan 24, 2014 9:29am
Quoting qFish
{quote} Indeed. Our strategy would have been perfect if it wasn't for NFA. :-(
qFish,

I've been thinking of opening more, but smaller accounts. For example, a USA trader with $1000 to start with might open two $500 accounts, one for longs and one for shorts. Been thinking on this. Now, some brokers manage to do some "back room averaging" so that a trader can take off in any order they wish. Alpari (US) did. Unfortunately, they ceased doing retail business. That was one way to get around FIFO. Nevertheless, with two "half size" accounts, one for long and one for shorts, we can partly beat the F....king NFA on the hedging issue. Will just require some inconvenience on our part and still some caution, because while one account is gaining and the other is losing, the gaining account does nothing to help protect the losing account from experiencing Margin stress. So, we still have to deal with that issue. I suppose brokers might make transfers of partial balances from one account to another, take some out of the gaining account and put it in the account running losses. That would certainly help, just a phone call maybe would do it. Worth querying the brokers about this.

It could work, more or less well, depending on just how the brokers respond regarding balance transfers, and about "back room averaging" to allow trader to skirt the FIFO regulation. Inconvenient, and somewhat cumbersome maybe, which is why I haven't yet gone down that road. But, I'm thinking about it.
  • #64,578
  • Jan 24, 2014 9:53am Jan 24, 2014 9:53am
AU Long Trade Open and Close:

This is a separate account trade, in and out today, while MMs have price at extremes. Entered longs #1-5, all Scouts. Manually closed for 171.6 pips gain.
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  • #64,579
  • Jan 24, 2014 9:56am Jan 24, 2014 9:56am
EA Short Trade Open and Close:

This is a separate account trade, in and out today, while MMs have price at extremes. Entered shorts #1-7, all Scouts. Manually closed for 597.8 pips gain.
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  • #64,580
  • Jan 24, 2014 10:07am Jan 24, 2014 10:07am
Quoting traderathome
{quote} EURAUD Short Trade Update: Added shorts #5-6, Scouts, as the Market Makers returned the price up into the overhead S&R area for more accumulation of short orders. On M1 at that time, you could see that activity increase once the price made it above the whole number. This is a PVSRA indication the MMs are bears, in this case assumed to be accumulating short orders. No TP set at this time. {image}
EURAUD Short Trade Update:

Since the last post on this longer running trade, I have added shorts #6-19. Today, I lost one due to Margin stress, 580.8 pips lost.
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