Sonic R. System

Quoting traderathome

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{quote} EURAUD Long Trade Closed: Closed for gain of 33.2 pips average, 332.3 pips total. Picture perfect setup in LS: Dragon up, Trend up, Dragon above Trend and PA above both, and with PA strikes back down into the Dragon during the position building activity in the EP zone! Quick in and out with minimal draw down during trade. End of LS and probably end of any further substantial move. It might even retrace in after hours. Took profit no matter what happens next. Will look for possible retrace/new entry opportunity tomorrow because this exhibit...

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Quoting Tuffy

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{quote} EURAUD this week, if there was one swing trade that looked safe to enter.. this be one. squeezed out 1053 pipettes from the 1st LONG, then 2nd LONG after retrace. in case some want to know reason for 1st LONG exit, was because - the range of the PA looked extended - PA looks to have halted on the 5 minute chart - and EP was before LO session, felt it might need a retrace before going long again in london or NY session. {image}

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Quoting traderathome

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{quote} Tuffy, Pulleeezzzzz! A pip is a pip is a pip! Stop calling a pip a pipette, because it is a misnomer!. If a full lot yields pips and a micro lot yields pipettes, then what does a mini lot yield? You need a third term for that one, to be consistent! But, there is no third term. A full lot yields pips, a mini lot yields pips and a micro lot yields pips. They differ not in name, but in value, due to the precise proportional differences in the currency amount being traded. Yes, I realize some time in the past some idiot decided a micro lot pip...

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Quoting Tuffy

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{quote} tah, pips have no relation to the monies traded, as u said. when referring to pips, im referring up to 4 decimal places. 1 pip can be a full lot, micro or mini. in meta trader, the 5th decimal place shows up, and 10 points movement of that 5th decimal place becomes 1 pip. that last 5th decimal movement is what im referring to. anyway, in my group, with reference to meta trader, we just call it points starting from the last decimal place of any currency pair we trade. since money starts to be made and lost with every tick of that last decimal...

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Quoting Tuffy

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{quote} tah, pips have no relation to the monies traded, as u said. when referring to pips, im referring up to 4 decimal places. 1 pip can be a full lot, micro or mini. in meta trader, the 5th decimal place shows up, and 10 points movement of that 5th decimal place becomes 1 pip. that last 5th decimal movement is what im referring to. anyway, in my group, with reference to meta trader, we just call it points starting from the last decimal place of any currency pair we trade. since money starts to be made and lost with every tick of that last decimal...

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Quoting Patron

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{quote} I look just like you. The pip is the fourth decimal. The fifth decimal, in some places they call pipette, and elsewhere he is called "points." I do not understand why I have to change the nomenclature, and I will not do. It seems perfect to tell me to look after my post, so that other readers understand them well. But "trade level" reflect "points," not pips, much as Mr. tah is endeavoring to say otherwise.

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Quoting traderathome

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{quote} Patron, The point is to conform to a method of doing things that is simple. Just like the Sonic R. System is a method that is simple and that folks here are learning to conform to. If you have a trade concluded, and on the chart the distance from entry point A to exit point B is 47.7 pips, are you really going to communicate to others that you made "47 pips and 7 pipettes/points" or are you going to say you made "47.7 pips", as does our Trade Levels indicator? Think about it. -tah

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Quoting Patron

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{quote} The last trade yesterday gained 25 pips (if we look at the fourth decimal). However, "trade levels" reveals how many units have traded. Personally, I would teach readers, only the number of pips, not my leverage (although it can hide a bit, choosing the options 1,2,3). Each time, I do not dare to post my trades for that reason. I only want to show the pips, regardless of the units. {image} PD: As for my previous answer, I think it was misunderstood. And I agree that we should express ourselves in pips ..

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Quoting Patron

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{quote} The last trade yesterday gained 25 pips (if we look at the fourth decimal). However, "trade levels" reveals how many units have traded. Personally, I would teach readers, only the number of pips, not my leverage (although it can hide a bit, choosing the options 1,2,3). Each time, I do not dare to post my trades for that reason. I only want to show the pips, regardless of the units. {image} PD: As for my previous answer, I think it was misunderstood. And I agree that we should express ourselves in pips ..

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Quoting traderathome

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{quote} Patron, Your privacy is protected even when the unit numbers are shown, as they are in the open trade PL label and as they will be in the closed trade PL label in the coming upgrade, in order for the all-important "average pips" to be clearly understood in both cases. How? Siimple. Consider that there are 3 traders. One trades micros, one minis and one full lots. They each make the same identical trade for a size of just one of their respective units. All three charts will show the same identical data! The viewer cannot tell if the "1" (unit)...

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Quoting Patron

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{quote} I appreciate your response and understand. I already knew everything you say now, because I read it at the time. Anyway, excuse you, but for me, the privacy protection is insufficient. Not try to change the policy of this thread, I think it's honest to say what I think. Why, sonicdeejay hidden information "trade levels", as shown in the chart below? http://www.forexfactory.com/showthre...17#post7726617 {image}

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Quoting traderathome

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{quote} Patron, 1. You are insisting that showing the number of units is violating privacy, even though what size unit (micro, mini, full) is kept secret. Well, then if the number of units cannot be known to the viewer, the number of pips PL at the close is pointless garbage to post. The more units it took, the less effective was the trade. What must be evaluated is the pips PL per unit. And if the trade involved entering more than one unit at different locations, then what must be evaluated is the average pips PL per unit involved in the trade....

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