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Sonic R. System

  • #76,341
  • Edited 3:32am Sep 26, 2014 3:09am | Edited 3:32am
GBPCHF H1 need liquidity or double top fake ?
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  • #76,342
  • Sep 26, 2014 6:23am Sep 26, 2014 6:23am
CADJPY M15 - H1

Close all at resistance (and trendline)
Yesterday I made the mistake of opening positions without confirmation.
These transactions have been very ugly.
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  • #76,343
  • Edited 7:03am Sep 26, 2014 6:50am | Edited 7:03am
Quoting jimmY213
hey guys may you can help me with my SL? is it placed in a good spot? or was it even a good entry? {image}
As far as I know, there is no systematic or only method to place a stoploss.
In my view, the stoploss should be based, like the rest of trading decisions, in the concept of fractal.
Now fractals also be subjective, they can be of varying degrees.
Then the decision of your stoploss should be based on your style of trading (scalper, swing trader, etc ...) as well as market conditions and volatility (indeed some traders use ATR to place their stops ).
Therefore, it is a trader's personal work based on what he sees in the market. Is my opinion.

According to the Sonic system (Classic), the stoploss should go one fractal (LH or HL, for short o long trade) or two further back in timeframes of 15 minutes (without forgetting the rule of 100 pips for swing traders). You can see many examples set by sonicdeejay in the first 20 or 30 posts.

Below are two examples in the same chart.
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  • #76,344
  • Sep 26, 2014 7:35am Sep 26, 2014 7:35am
Quoting danzka
hello guys I'm new here, I have a question, which broker do you think have the best volume feed?
As far as I know, traditionally, FXCM was perhaps one of the best in that regard. But I have seen that today, there is little or no difference in time to see the volumes on any broker. I left FXCM, because he urged spreads a few years ago, which did not suit me for my style of trading (scalping).
Therefore, in general, any known broker is valid.
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  • #76,345
  • Sep 26, 2014 7:57am Sep 26, 2014 7:57am
EU still down TP 1.2650
https://charts.mql5.com/5/793/eurusd...ex-group-2.png
  • #76,346
  • Sep 26, 2014 8:12am Sep 26, 2014 8:12am
GBPCHF M15

Trading volume has increased. ¿Interest for short trades, or change of session?
I have placed a sell stop.
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  • #76,347
  • Sep 26, 2014 9:39am Sep 26, 2014 9:39am
GBPCHF M30

Maybe it's time to let short stay.
All these trades are chart showing the micro-scalping, not worth explaining.
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  • #76,348
  • Edited 10:51am Sep 26, 2014 10:02am | Edited 10:51am
GBPCHF M15

Close all trades. Friday and I am tired. Bye.

PD:
Why have I done all trades against the trend? The explanation is easy, just look at the daily chart or H4 chart, it is clear that this pair are correcting or changing the trend.
This is how I use the term "scout" asking permission superior timeframe.
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  • #76,349
  • Sep 26, 2014 12:00pm Sep 26, 2014 12:00pm
One to end the week on:
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  • #76,350
  • Sep 26, 2014 1:28pm Sep 26, 2014 1:28pm
EURUSD Short Trade Closed: Day Trading

Closed for Profit of about 31.1 pips average/total. This was for 0.6 lots = $194.30

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  • #76,351
  • Sep 26, 2014 2:04pm Sep 26, 2014 2:04pm
GBPCHF M1 diamond
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  • #76,352
  • Sep 27, 2014 2:07pm Sep 27, 2014 2:07pm
Quoting Forex-Forex
EURUSD Short Trade Closed: Day Trading Closed for Profit of about 31.1 pips average/total. This was for 0.6 lots = $194.30 {image}
Forex-Forex,

Perfect, perfect!

Sonicers, I bet you can't find one thing wrong with this trade.

-tah
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  • #76,353
  • Sep 27, 2014 2:20pm Sep 27, 2014 2:20pm
Quoting traderathome
{quote} Forex-Forex, Perfect, perfect! Sonicers, I bet you can't find one thing wrong with this trade. -tah {image}
congrats on the win!
Whenever i buy the price goes up & whenever i sell the the price goes down!
  • #76,354
  • Sep 27, 2014 2:30pm Sep 27, 2014 2:30pm
Quoting deylon
{quote} congrats on the win!
those are your best trades
Break of the trend on a 15 minute chart, the hook is the head fake up over the MA or Dragon
and the go... the excellertions to the downside.. Perfect no pain in drawdown... congrads on that trade
  • #76,355
  • Sep 27, 2014 6:05pm Sep 27, 2014 6:05pm
i have added couple of addons to the sonic system...Just thought of sharing...
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Whenever i buy the price goes up & whenever i sell the the price goes down!
  • #76,356
  • Sep 27, 2014 6:35pm Sep 27, 2014 6:35pm
Quoting deylon
someone requested for these...cheers {file} {file}
thanks.
  • #76,357
  • Edited Sep 28, 2014 12:15am Sep 27, 2014 11:58pm | Edited Sep 28, 2014 12:15am
Quoting traderathome
{quote} Forex-Forex, Perfect, perfect! Sonicers, I bet you can't find one thing wrong with this trade. -tah {image}
I join tah and sincerely praise the trade of Forex-Forex, which I add to TrendyTrade trade, which is very similar.
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It is very difficult during this corrective wave, find out how, where and when it will end. At the end of a triangle, easy to see now, but very difficult to forecast formed. And I can not even think of trying to sort these waves by Elliot theory. We have to be practical, and suffice it to charting the direction of the trend, traded volumes (before NY session there was not enough liquidity to buy dollars, maybe).
Anyway, this is the ideal trade I look every day. But of course, sometimes a decided, keep the focus on a few pairs and this happens in others. Should we be more vigilant!

So PVSRA multitimeframe should clearly provide the market condition. After that the trigger should be found by price action. For me, this is the perfect trade.

Congratulations to TrendyTrade and Forex-Forex, and thanks for letting this jewelry.
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  • #76,358
  • Edited 1:09am Sep 28, 2014 12:10am | Edited 1:09am
Quoting deylon
i have added couple of addons to the sonic system...Just thought of sharing... {image}
Surely your intentions are as good as innocent. Do not worry, time will heal the hobby of putting too many indicators that disrupt trading.

Bud, I really do not care to use indicators each, if that is going to serve to make money. But I do not understand what is the point of having repeated indicators, which perform the same function, and in your chart I see a few repeated.

What good is it to use two clocks show the same time, for example? Is it because if one breaks?

Look how pretty is a chart with few indicators
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I might add, support, resistance and an indicator. But one indicator simple, rsi or macd type. Not much to see their crosses, but to compare the movement of the waves to chart the movements of the indicator. Me no good to know if light is green or red, if you can not compare their movements with the movements of waves chart. So I see it.
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  • #76,359
  • Sep 28, 2014 12:25am Sep 28, 2014 12:25am
Quoting deylon
i have added couple of addons to the sonic system...Just thought of sharing... {image}
Gosh, what a mess chart... For sure, I've retired reading a messy chart like that, and using a simple and clean chart. Can you teach me how to read that and shows the pip you made using that messy chart?
It's all started from page one
  • #76,360
  • Sep 28, 2014 1:38am Sep 28, 2014 1:38am
Quoting deylon
i have added couple of addons to the sonic system...Just thought of sharing... {image}
Quoting deylon
someone requested for these...cheers {file} {file}
deylon,

Son, read Post #1 before you start posting crappy indicators on this thread!

The Sonic R. System is not about teaching traders to become indicator dependent. It is about teaching traders how the market works, and how to best evaluate PA that is consolidating or ranging in the area of key S&R. You obviously did not abide in proper etiquette and acquaint yourself with the guidelines in Post #1 before you went off half-cocked and demonstrated what a novice you are with that horrible chart. Either that, or are you posting just to try and upset things here?

I suggest you delete your post with those indicators. You are off to a very bad start if you wish to keep your posting privilege on this thread.

-tah
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