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Sonic R. System

  • #71,641
  • May 15, 2014 10:57pm May 15, 2014 10:57pm
Quoting xiaotiao
{quote} Denmas, What happened to your chart? Where is the Dragon and Trend line? XT
I hide in other template. Trying to have clean chart as Sonicdeejay has....
  • #71,642
  • May 15, 2014 10:58pm May 15, 2014 10:58pm
Quoting denmas
{quote} You told everyone in FB u loss 2000 pips. I guess u don't set your SL.

no i missed my SL on that last one. trading the news is risky with and without a SL. in my case it was no SL which is risky. if you set a SL, most likely you will get stopped out. so either way you are trading high risk.

this trade wasn't a sonic trade, that was just a news trade. which is always high risk
  • #71,643
  • May 15, 2014 10:59pm May 15, 2014 10:59pm
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  • #71,644
  • May 15, 2014 11:01pm May 15, 2014 11:01pm
Quoting traderathome
{quote} Don't lump us all together. For example, aside from the Asian session trade I tried to help do as an example (of what not to do as it rightfully was), if you examine all the trades I started and finished this week, you will see Classics, quite the contrary to your supposition. And, very profitable, too, I might add. -tah

good point. i won't assume you all are the same. I'll just try to find my way of doing things within the guidelines of Sonic R.
  • #71,645
  • May 15, 2014 11:02pm May 15, 2014 11:02pm
Quoting Kuat
{quote} dear allisonmagic there is no holy grail here. 123 breakouts been traded by ppl since a long time ago.. whatever niche or advantage it has, has been diminished by much. adding trend or dragon or pvrsa doesnt really add much to it, where there will be ppl doing the classic 1-2-3 and the other side, which takes advantage of it, ie wait for 1-2-3 breakout or reversal, and pile on the other side (with mroe volume) and watch it reverse. Seen this scenario played out quite a bit. 123 break out, goes 20 pips, reverses another 40 pips. Guess who...

First. I'm not looking for any " holy grail ". I'm looking to understand the movement behind FX and learn how to trade accordingly.
  • #71,646
  • May 15, 2014 11:16pm May 15, 2014 11:16pm
Quoting allisonmagic
{quote} First. I'm not looking for any " holy grail ". I'm looking to understand the movement behind FX and learn how to trade accordingly.
maybe if you look at another thread, heavy support resistance thread, will help a little. if you use sonic + those areas, seem to work more..
  • #71,647
  • May 15, 2014 11:27pm May 15, 2014 11:27pm
Quoting Kuat
{quote} maybe if you look at another thread, heavy support resistance thread, will help a little. if you use sonic + those areas, seem to work more..

S/R level's in the template are not respected.. the whole, half and quarter numbers are more likely to be used for buying/selling
  • #71,648
  • May 15, 2014 11:34pm May 15, 2014 11:34pm
Quoting SaiLyfee
{image} {image} {image}

I think, that classic entry is on other place ..

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  • #71,649
  • May 15, 2014 11:41pm May 15, 2014 11:41pm
Quoting Jouker
{quote} I think, that classic entry is on other place .. {image}
Dragon is up, trend is below dragon, I don't see any harm in taking an entry with the candle above the dragon if this is the case.
Otherwise if it isn't I wait for a HH to form. To each is own I suppose, what works for me might not work for others.
  • #71,650
  • May 15, 2014 11:52pm May 15, 2014 11:52pm
Quoting allisonmagic
{quote} S/R level's in the template are not respected.. the whole, half and quarter numbers are more likely to be used for buying/selling

half numbers, quarter numbers, whole numbers. ok i break through 1.00 next level 1.25.. if it goes above 1.25..next one 1.5 else down to 1.25..if break 1.5 go to 1.75 else back to 1.25.

what edge is there? pls enlighten me.. the problem is u still dont know where it will go.
  • #71,651
  • May 16, 2014 12:12am May 16, 2014 12:12am
Quoting Kuat
{quote} .. the problem is u still dont know where it will go.
Accepting this was the best thing I have ever learnt in trading. There is no magic bullet, only rabbit trails that lead to nowhere. All analysis is only a scenario of what might happen. Who are we to say where it will go. Once you can realise there is no point in getting emotional over something you have no control over anyway you'll be amongst some of the best traders out there.
  • #71,652
  • May 16, 2014 12:19am May 16, 2014 12:19am
GBPUSD: London Open Right On Time
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Wonder if we'll see this kind of activity carry on further into the night
Time will tell..
- SaiL
  • #71,653
  • May 16, 2014 12:30am May 16, 2014 12:30am
Quoting SaiLyfee
{quote} Accepting this was the best thing I have ever learnt in trading. There is no magic bullet, only rabbit trails that lead to nowhere. All analysis is only a scenario of what might happen. Who are we to say where it will go. Once you can realise there is no point in getting emotional over something you have no control over anyway you'll be amongst some of the best traders out there.
that my friend is beautiful.

Which is why it is all a probability game. probability of winning and losing.. the amount won/lose. you will win and you will lose..

this thread, no one takes losses..at least not many like to post the losses.. averaging down most of the time wont lose you money (as we all know market ranges 60-70% of the time) But one big move can kill an account.. seen it happen so many times.

Maybe its just me..so i take my leave. and continue to find an edge.

Quote "There is no edge in averaging down. There is no edge in money management."
  • #71,654
  • May 16, 2014 12:37am May 16, 2014 12:37am
Quoting Kuat
{quote} that my friend is beautiful. Which is why it is all a probability game. probability of winning and losing.. the amount won/lose. you will win and you will lose.. this thread, no one takes losses..at least not many like to post the losses.. averaging down most of the time wont lose you money (as we all know market ranges 60-70% of the time) But one big move can kill an account.. seen it happen so many times. Maybe its just me..so i take my leave. and continue to find an edge. Quote "There is no edge in averaging down. There is no edge in...
Thanks buddy. I couldn't agree with you more that trading should be all about probability. The FX market is a huge opportunity for anybody. In my experience the best edge is putting the odds in your favour through wise R:R ratios and leaving the rest up to the market. With the right R:R a trader can be wrong more than 50% of the time and still be profitable. Applying this over time will statistically always result in profit if maintained properly. It really is beautiful
Best wishes to you
  • #71,655
  • May 16, 2014 12:47am May 16, 2014 12:47am
Quoting Kuat
{quote} half numbers, quarter numbers, whole numbers. ok i break through 1.00 next level 1.25.. if it goes above 1.25..next one 1.5 else down to 1.25..if break 1.5 go to 1.75 else back to 1.25. what edge is there? pls enlighten me.. the problem is u still dont know where it will go.
Don't tell me what i know .. as far as i'm concerned you are expendable
  • #71,656
  • May 16, 2014 1:21am May 16, 2014 1:21am
Quoting allisonmagic
{quote} Don't tell me what i know .. as far as i'm concerned you are expendable
I think you might get me wrong before. I apologize if I offend you.

I am need to learn what is special about these numbers. I read a book on this. But in the end, when one observes, its always bound to hit 0.25,0.5,0.75 or 0.00, as much as ,0.2,0.3,0.4,0.6,0.7,0.8,0.9

The author of the book believed in it alot but I still cant understand after "practical" usage. Price still goes wherever it goes. Maybe if someone who understand can can pm me.. as i wish no further thought in harming this thread. I take my leave. Apologies if I sound offensive.
  • #71,657
  • May 16, 2014 1:28am May 16, 2014 1:28am
Quoting Kuat
{quote} ozboy, SL is for? capital protection. In case you are so stupid that you want to blow your account..no stop loss + averaging down, look at the graphs posted by loeil.
The first thing you need to know is yourself before placing any trade. Yourself here mean you account capability, your analysis skills, your trading skills & strategies , your mental !!! anything related which affect to your trading.

Why Sonic R. system work for others? Are you strictly follow the guide?

So please do not try something that you are not capable for ! Only place an order when you know what you are doing !
  • #71,658
  • Edited 2:52am May 16, 2014 2:17am | Edited 2:52am
AUDUSD Classic Long Trade Opened:

This is a counter trend trade, for what I suspect will be a retrace move upwards in the down trend. The coming USD releases could end up reversing movement back in the direction of the down trend. No TP, SL at this time.

One consideration is that the LO MMs have first whacked the price. I consider this to be evidence they plan on hiking price ahead of, or in conjunction with the USD releases, during which they will be building short. Whether or not they whack the price at the top of the hike, I do not know. They might leave price up there until next week. You can see the highest volumes at the lowest prices. The first low might be buying to close shorts, but the second low could be indicating now longs are being accumulated, and I do not consider the price has yet risen high enough for the MMs to have taken profit on any new longs.

Another consideration is the possibility of adding one or more long Scouts if the US MMs do whack the price, either before, during or after the releases. This can get tricky because any whack job could look like they are turning the PA around, from a retrace up to down trend continuation. So care will have to be applied in adding any long Scouts in the event whacking does occur.

-tah
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  • #71,659
  • May 16, 2014 3:04am May 16, 2014 3:04am
Quoting loeil
GJ - looks bullish to me. Took long there. {image}
Hi loeil, are you still holding this trade?
Seems like it is going to be bearish to me.

XT
Trading is not easy
  • #71,660
  • May 16, 2014 4:00am May 16, 2014 4:00am
Classic short on GBPNZD M5

and

Classic long on NZDUSD M5

I'm still long on USDCAD M5 (charts posted yesterday by traderathome) und AUDNZD M15 (charts posted by me yesterday).
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