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Sonic R. System

  • #68,721
  • Apr 11, 2014 4:57am Apr 11, 2014 4:57am
Quoting traderathome
GBPJPY Short Trade Opened: Entered short #1, Scout. This Scout entry (before a Classic setup and of higher risk) is based on what I see as a bearish H4 chart (see post above). There is not much time left this week, or I might have waited for a Classic setup. My thinking is to close before the end of this final day. I have set no TP at this time. {image}
GBPJPY Short Trade Update:

Added short #2, Scout. Price popped up thru marked S&R at 1/2 Level area up to 3/4 Level area and dropped back down thru the 1/2 area, now pausing in the 1/4 Level area. Price might pull up again to the 1/2 Level area - a retest - and if it does then I might add another short Scout. No TP set at this time.
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  • #68,722
  • Apr 11, 2014 5:15am Apr 11, 2014 5:15am
EURAUD M1 2 scalp Clasic after open London.
Hit my TP
I stiil build scouts long.
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  • #68,723
  • Edited 5:31am Apr 11, 2014 5:17am | Edited 5:31am
Market Comment on AU and NU:

Sonicers,

You will note that the MMs are engaged right now in pumping up these two pairs, whipping their prices above what was their upper whole numbers. You will note that this is being done ahead of the coming USD high impact releases. Also note the increase in volume when the prices got above the whole numbers.

To me, it looks like the MMs are whipping up the prices to stop out shorters for liquidity to add more shorts themselves. However, please remember that Master Sonicdeejay urges than no Sonicer fall into the habit of entering short just because they see such PA and think to take advantage of the new highs. It is better to wait for confirmation of bears thru PA direction, not just highs with increased volume. We cannot know how price will move next.

Classic short setups, or at least some indication of lower HLs should appear - something "concretely" bearish in the direction of PA itself - before considering a short entry. What we have here are PVSRA indications of the bear. What we need now is confirmation from price action.

-tah
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  • #68,724
  • Apr 11, 2014 5:18am Apr 11, 2014 5:18am
Quoting devontrader
Forexswag looks like a good simple red blue indicator your using. could.you.please tell us what it is ...what time frame you.used and also could you.please post the indicator for us to try out? Many thanks
Quoting devontrader
forexswag how would you use this indicator i see all your colours have lined up,,,,mine on my charts have not also i have 3 rows,,,top middle and bottom.... can you explain how you readthis indicator?
Quoting devontrader
forexswag could you explain your red blue indicator pls or email me [email protected]
Quoting devontrader
buytosell email me at [email protected]
Devontrader indicators that are not part of Sonic R. System discuss please use a private PM or email.
All these posts are unnecessarily extend this thread. Thanks.
If you think you can do a thing or think you can't do a thing, you're right
  • #68,725
  • Apr 11, 2014 5:19am Apr 11, 2014 5:19am
Quoting ForexSwag
Grab +10 pips on AUD/USD scalp trade... {image}
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AUD/USD scalp while im still on short..
t.me/LWBRfx Discord.io/LWBR
  • #68,726
  • Apr 11, 2014 5:21am Apr 11, 2014 5:21am
AUDUSD entry (my favourite schema). Hit my TP
I still scuots short

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  • #68,727
  • Apr 11, 2014 5:22am Apr 11, 2014 5:22am
Quoting feinan
{quote} {image} AUD/USD scalp while im still on short..
I'm too
  • #68,728
  • Apr 11, 2014 5:28am Apr 11, 2014 5:28am
Quoting traderathome
{quote} ElectroGypsy, It is you, not me, that is missing the point, missing the obvious answer to your prime question. For the last time, please, do try to carefully read and understand..... "Thanks for the response TAH. Unfortunately, most of it misses the point I was trying to make two posts ago. The only thing I can respond to is your second point: I have seen that chart. It's incriminating. It doesn't show consistent, long term growth. Of course, I'm trying to think like a professional trader and someone not trying to make millions in a few...
Traderathome,

I must ask you and others a question that is in my mind since some time ago. You, and many people here (including myself) trade bit by bit, which could make the pip count not very useful, in my humble opinion.

For example, suppose you short EURUSD at 1.38000 with 1 lot and it eventually goes down to 1.37800. That would make you win 20 pips, right?

Now suppose you enter 10 short trades of 0.1 lots in EURUSD, and the average entry price of that 10 trades is 1.38000 too. Now the price goes down to 1.37800. That would make you win 200 pips!

If you enter 100 trades 0f 0.01 lots and follow the same rationale, you would have made 2000 pips.

In all of these three examples you would have made exactly the same money, but the pip count would be astonishingly different!

Therefore, your statistics about weekly pips gained or lost are not indicative of the money win or lost. Depending on your lot size per entry, if week 1 you win 1500 pips, and week 2 you earn 3000 pips, you could have made more money the first week than the second.

In my opinion, your weekly statistics are only useful if your lot size is always exactly the same in each and every trade since the beginning of your experiment.

Please don't feel offended. In my very own case, for example, this month I've already made 666 pips and I've only earned the 4th part of the money I made last month, when I gained 623 pips.
  • #68,729
  • Apr 11, 2014 5:33am Apr 11, 2014 5:33am
Quoting FXRobert
{quote} I'm too
our EP and TP so close. man thats the power of PVSRA.
Attached Image
t.me/LWBRfx Discord.io/LWBR
  • #68,730
  • Apr 11, 2014 5:39am Apr 11, 2014 5:39am
catcher 777

if you notice in my thread as well as what you quoted me,,,,,,i already left my email address available as to remove the comments from this thread hence the point your trying to make


i thank you
  • #68,731
  • Apr 11, 2014 5:43am Apr 11, 2014 5:43am
Quoting Catcher777
{quote} {quote} {quote} {quote} Devontrader indicators that are not part of Sonic R. System discuss please use a private PM or email. All these posts are unnecessarily extend this thread. Thanks.
Devontrader,

I totally agree with Catcher777.

Your lusting after every Tom, Dick and Harry indicator tells me you have not done a proper job of even reading and following the instructions in Post #1. Frankly, if you think more and different indicators are any solution and substitute for developing and adapting your brain to trading, you might as well quit trading while you are ahead.

Furthermore, please cease with the questions about how to use MT4 features, and take it upon yourself to view the many on-line videos on the MT4 platform. All you have to do is Google for MT4 videos or training to find them, then spend your own time bringing yourself up to speed. This thread is not a MT4 user introduction and training thread, but Forex Factory does have such information which you might also want to search for.

-tah
  • #68,732
  • Apr 11, 2014 5:50am Apr 11, 2014 5:50am
GBPJPY:

Soniicers,

Signs of the Bear continue. Read the "Secret of Sonic R." pdf. For now, it appears the MMs are supporting the price above the whole number....better for their accumulation of short orders, right up until the time they pull the rug out from under this pair (imho). Note the increased volume when the MMs whipped the price back above the upper 1/2 Level (PVSRA).
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  • #68,733
  • Apr 11, 2014 5:55am Apr 11, 2014 5:55am
Quoting traderathome
GBPJPY: Signs of the Bear continue. For now, it appears the MMs are supporting the price above the whole number....better for their accumulation of short orders, right up until the time they pull the rug out from under this pair (imho). {image}
I was just about to post that we might see a break of 170.00 this time around!! We will see once we get there.
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  • #68,734
  • Apr 11, 2014 6:04am Apr 11, 2014 6:04am
Quoting traderathome
{quote} GBPJPY Short Trade Update: Added short #2, Scout. Price popped up thru marked S&R at 1/2 Level area up to 3/4 Level area and dropped back down thru the 1/2 area, now pausing in the 1/4 Level area. Price might pull up again to the 1/2 Level area - a retest - and if it does then I might add another short Scout. No TP set at this time. {image}
GBPJPY Short Trade Update:

Added short #3, Scout, as the price broke down thru the whole number, and with recent bear engulfing and bear hammer bars on H4 (Secret to Sonic R. pdf). The MMs might pull this back up before pulling out the rug. If they do, I might add again to this short trade.
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  • #68,735
  • Apr 11, 2014 6:09am Apr 11, 2014 6:09am
GJ and GU Comment:

The MMs just pulled the rug out from under these two. Time to stalk for retrace entries (imho).
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  • #68,736
  • Apr 11, 2014 6:09am Apr 11, 2014 6:09am
EURJPY and GBPJPY:


Reduced risk on GJ and added more sell stops 25 pips apart.
I have 3 pending sell stops waiting to be triggered on EJ as we have not yet seen a strong test of 140.000 (MM's floating price above to build shorts?) Also a nice 4hr bearish bar showing right on the dragon.
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  • #68,737
  • Apr 11, 2014 6:18am Apr 11, 2014 6:18am
EU and UChf Comment:

Classic setups possibly forming. Keep in mind USD releases and that MMs can whip/whack prices again before they allow trade to proceed. We cannot know how price will move next.
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  • #68,738
  • Apr 11, 2014 6:25am Apr 11, 2014 6:25am
UJ: H4 shows good place to start adding long scouts. Buy limits set below with 50pips spacings and arithmethic martingale.
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insanity: Doing the same thing over... and expecting different results -AE
  • #68,739
  • Apr 11, 2014 6:32am Apr 11, 2014 6:32am
Quoting traderathome
USDCAD: This one could present another Classic long setup this last day of the week. On H1 we see the MMs whacked the price well below the lower whole number with notable volumes on the bars making the lowest lows, as well as on subsequent retraces to higher lows as the price progressed back up. A Classic long setup might occur if the MMs retrace the price again, maybe back down to the last/highest support area. But keep in mind the lower whole number area can be a retrace target for aggressive MMs. In any case, a retrace followed by a move back...
USDCAD:

"In any case, a retrace followed by a move back up thru the 1/4 Level would seem sufficiently bullish to engage....."

Follow-up.....
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  • #68,740
  • Apr 11, 2014 6:43am Apr 11, 2014 6:43am
Quoting Carlicus
{quote} Traderathome, I must ask you and others a question that is in my mind since some time ago. You, and many people here (including myself) trade bit by bit, which could make the pip count not very useful, in my humble opinion. For example, suppose you short EURUSD at 1.38000 with 1 lot and it eventually goes down to 1.37800. That would make you win 20 pips, right? Now suppose you enter 10 short trades of 0.1 lots in EURUSD, and the average entry price of that 10 trades is 1.38000 too. Now the price goes down to 1.37800. That would make you...

A major point of trading and trader psychology is to detach your emotions from your funds. The reason we only count pips in this thread is because lot sizes are personal. We do not have the right to such information other than our own. The only thing that matters is we are constantly improving our equity regardless of how much $ we make but rather how many pips we can rake in. This is why money management is very important to how you trade.. small lot sizes will trump one big lot size due to the fact that we have precisely placed multiple orders in strategic locations. (Better near whole and half numbers)

The same methodology applies to any business. It's better to have multiple workers to spread the workload.
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