Dragon the best Indicator
{quote} No disrespect but, This is interesting TAH, because i see most of the Sonic pro's adding scouts when in the "red". Then adding more as it goes against them even further. Eventually profiting. Humbly Yours,Allisonmagic
I can give you my GU example, I opened position and added some scouts in green, then price moved up 200 pips.. now what? If I can take 36 max entries.. should I wait 1 month that price moves down again, or should I keep adding to try to have the best Average price I can? as long I donīt overtrade my 5% risk, which is a choice of mine, not a rule.
Its easy to talk in theory and if you are trading demo accounts you can do all perfect, but in the real world is not that simple. If it was we all would be rich.
In fact, no one knows where price will go next, and we are doing the best we all can. Getting the signs from PVRSA and building positions from what we see. Would be a perfect to world to read perfect the reversal and keep adding in green.. but MMīs are deceiving as we all know.
Regards and trade safe.
Dificult things take longer, Imposible ones just take a bit more
- #70,984
- Edited 5:27am May 9, 2014 5:11am | Edited 5:27am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} No disrespect but, This is interesting TAH, because i see most of the Sonic pro's adding scouts when in the "red". Then adding more as it goes against them even further. Eventually profiting. Humbly Yours,
If you have dutifully been reading this thread then you know full well Sonic's opinion about adding to a trade in the "red", a long standing opinion and one that he has begun again to exhort on because he sees traders position building while price trends against the direction of their trade, when they could as easily position build when price is trending in the direction of the trade!
You sound like "Well, if it is profitable, it is okay." and that is not "okay" here on the Sonic R. System thread, no matter who is doing it. Sonic clearly saw that it has been getting out of control - too many thinking to trade this way. It is a trading "method", but it is not the Sonic R. System. And Sonic does not approve of it.
Anyone can trade however they want to. But if they do not want to trade the Sonic R. System they should post elsewhere, at least not post such trades here, because that is not what we are teaching traders to do! Master Sonicdeejay has clearly defined the Sonic R. System, which is intended to best help traders not become victims in this dog-eat-dog market. And he has clearly and recently again exhorted us to not add when trades are "red" because he has been seeing too much of traders not following the Sonic R. System. He wants this thread to be consistent with his Sonic R. System. Is that too much to ask of folks who respect him and respect what help they receive here? No, it is not.
The Sonic R. System Classic trade is a position building opportunity, just build while the trade is green and the trend is with the trade. There is less risk this way, and lowering risk is what the Sonic R. System is about.
-tah
- #70,986
- May 9, 2014 5:26am May 9, 2014 5:26am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
{quote} Not being disrespect either.. but not only that allisonmagic, but if we donīt know where price will move next, how do we do it? I can give you my GU example, I opened position and added some scouts in green, then price moved up 200 pips.. now what? If I can take 36 max entries.. should I wait 1 month that price moves down again, or should I keep adding to try to have the best Average price I can? as long I donīt overtrade my 5% risk, which is a choice of mine, not a rule. Its easy to talk in theory and if you are trading demo accounts you...
I'm not gonna change my trading style because of "red" "green" things. I can't see any reason do not take scouts if you have background support. The most important thing is a background to me and background never lies!
Whatever is obvious is obviously wrong!"
- #70,988
- May 9, 2014 5:32am May 9, 2014 5:32am
{quote} Totally agree, most of things looks nice in theory but in reality not so much. I'm not gonna change my trading style because of "red" "green" things. I can't see any reason do not take scouts if you have background support. The most important thing is a background to me and background never lies!
Cheers.
-AdrianC.
- #70,991
- May 9, 2014 5:45am May 9, 2014 5:45am
{quote} Totally agree, most of things looks nice in theory but in reality not so much. I'm not gonna change my trading style because of "red" "green" things. I can't see any reason do not take scouts if you have background support. The most important thing is a background to me and background never lies!
Thanks and Regards.
- #70,992
- May 9, 2014 5:52am May 9, 2014 5:52am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
{quote} IMHO, for mature trader like you the "red / green" things doesn't really matter. But I think what Tah trying is that let the "newbie sonicer" follow the rules, don't want them pour petroleum on theirself and set fire. Cheers.
{quote} I think like you. But I understand very well what explains TAH. I think the risk is significant, and adding scouts in "red", it's pretty risky, even with a good analysis of PVSRA (see Example actualemte GBP/USD). I operate that way and I will start working correctly, I probably feel more comfortable. Thanks and Regards.
For drawing classics correctly you have to know who is in the background, bulls or bears!
And guys, everything looks nice and easy AFTER, but when price is moving and you have to decide do I take long or short, it's not that easy anymore.
I don't have any problems with classics or scouts, both of them can fail and can success. To me everything starts with background and if you have background support you can trade any way.
Whatever is obvious is obviously wrong!"
- #70,994
- May 9, 2014 5:57am May 9, 2014 5:57am
- Joined Mar 2011 | Status: Pip Boy Wonder | 1,378 Posts
- #70,995
- May 9, 2014 6:00am May 9, 2014 6:00am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} {quote} Agree that newbies has to have something to follow, but honestly I have to say that I have seen lot of failed classics also. There isn't any strategy what works 100% totally and any time. There are lot of risks with classics too what newbies has to know. Classics works only if you have a strong background support. We can draw many different classics but most of them has drawn wrongly because background doesn't support them. For drawing classics correctly you have to know who is in the background, bulls or bears! And guys, everything...
Your are talking about background and you are very successful with your analysis. Maybe for the benefit of the new Sonicers, you could explain how you perform your background analysis so everyone understands, if they don't know, just what you are talking about.
It may be helpful if you have the time but not to deviate from the Sonic teachings, ie., classic set ups. Thanks and Regards,
Cigarguy
Keep It Simple
- #70,996
- May 9, 2014 6:02am May 9, 2014 6:02am
- | Commercial User | Joined Jul 2012 | 2,049 Posts
{quote} loeil Your are talking about background and you are very successful with your analysis. Maybe for the benefit of the new Sonicers, you could explain how you perform your background analysis so everyone understands, if they don't know, just what you are talking about.
I am the biggest newbie in here.. so you guys who are very skilled in this are teaching me from the ground up. I would appreciate this very much.
Thank you CigarGuy
- #70,997
- May 9, 2014 6:04am May 9, 2014 6:04am
{quote} {quote} Agree that newbies has to have something to follow, but honestly I have to say that I have seen lot of failed classics also. There isn't any strategy what works 100% totally and any time. There are lot of risks with classics too what newbies has to know. Classics works only if you have a strong background support. We can draw many different classics but most of them has drawn wrongly because background doesn't support them. For drawing classics correctly you have to know who is in the background, bulls or bears! And guys, everything...
- #70,998
- May 9, 2014 6:04am May 9, 2014 6:04am
- Joined Jan 2013 | Status: Trader | 1,107 Posts
{quote} True, but there's also this: {image} Classic entry first, after that scout oppoturnity on retrace. But you are absolutely right; if long classic formes: By the rules, trade itJust an observation... Nothing more...
I know the secret...
{quote}
GBPNZD Short Trade Opened: Entered short #1, Classic. Trend is angling down. Dragon is angled down and has crossed below Trend. PA is below both. Still, in spite of this seemingly good setup, it is Friday and besides that, the robber banks might just whippy whacky this in a range today. We cannot know how price will move. This is a chance for a bit of profit, or an opportunity to exercise good money management if it goes sour. Time will tell.
