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Sonic R. System

  • #49,901
  • May 29, 2013 8:49am May 29, 2013 8:49am
EU Buy limit 1.2880
  • #49,902
  • May 29, 2013 9:12am May 29, 2013 9:12am
Quoting Afarensis
Hey guys..what do you think...short in this candle??? {image}
I need further confirmation to start shorting in EU. So far the price is around 1.295 but as u can see in the image attached, there are signs of weakness but there is demand as well. The black circles show how the volume increases at the highs but at the same time we had 2 bearish candles followed by bullish reaction (red circles). This could be interpreted like there is still demand and it's not ready to go lower.

As I said, I will wait for further confirmation. If the MM's are switching to bears they could push the price higher now that London is closed and I would like to see the price pushed around 1.2975 area again to observe the behavior.

On the other hand, EMA89 is getting close to the price and that is important. We have to see how it reacts. To reenter with longs I would like to see the price falling until the blue zone, between 50 and 61.8 fibo with a volume increasing at the bottoms.

I hope this help u
Attached Image (click to enlarge)
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To fail is just an opportunity to learn
  • #49,903
  • May 29, 2013 9:19am May 29, 2013 9:19am
Quoting Tymedu
{quote} . I hope this help u {image}
this helps me
  • #49,904
  • May 29, 2013 9:23am May 29, 2013 9:23am
Quoting Tymedu
{quote} I need further confirmation to start shorting in EU. So far the price is around 1.295 but as u can see in the image attached, there are signs of weakness but there is demand as well. The black circles show how the volume increases at the highs but at the same time we had 2 bearish candles followed by bullish reaction (red circles). This could be interpreted like there is still demand and it's not ready to go lower. As I said, I will wait for further confirmation. If the MM's are switching to bears they could push the price higher now that...
Excellent explanation..
  • #49,905
  • May 29, 2013 9:41am May 29, 2013 9:41am
Quoting Tymedu
{quote} I need further confirmation to start shorting in EU. So far the price is around 1.295 but as u can see in the image attached, there are signs of weakness but there is demand as well. The black circles show how the volume increases at the highs but at the same time we had 2 bearish candles followed by bullish reaction (red circles). This could be interpreted like there is still demand and it's not ready to go lower. As I said, I will wait for further confirmation. If the MM's are switching to bears they could push the price higher now that...
That's what it is explained how the idiot :-) I read Manual 2 (my English is not great), but this explanation is really good for me. More such explanation :-) I understand the system, how it works, what are the criteria, but somehow it still can not be used in practice. It is clear that this is still about learning, but sometimes such example is priceless :-) Thanks man, but also others who work here ....
It's not a dream. Chipsa is real!
  • #49,906
  • May 29, 2013 9:46am May 29, 2013 9:46am
Closed 1000 pips today. TAH thank you, you are the man. Finally I am start getting what is Forex.

http://gyazo.com/3e1a93cb78f97da943e4e36bd2b20a29

There is no spoon....
  • #49,907
  • May 29, 2013 9:50am May 29, 2013 9:50am
Quoting John Chipsa
{quote} That's what it is explained how the idiot :-) I read Manual 2 (my English is not great), but this explanation is really good for me. More such explanation :-) I understand the system, how it works, what are the criteria, but somehow it still can not be used in practice. It is clear that this is still about learning, but sometimes such example is priceless :-) Thanks man, but also others who work here ....
Thank you guys. But take into account that I am on the same page as you are, I'm just a newbie trying to find the logic. What I just said could be totally wrong because I'm not an expert, but that is my vision. Regarding the criteria, it's hard to have a fixed criteria because there are a lot of elements to observe. My advice? Practice. Simple as that. You will fail and I will fail, but that fail will allow us to learn something. Meanwhile don't be afraid to trade using all the things you are learning. You can use a demo account for that, that will give you confidence.

Market comment

This week markets are correlated as hell. All the traders and all the MM's have their eyes only in US dollar. You can see EU, GU and AU so correlated and UC and UJ as well. This is dangerous because for instance, last UJ's sell off was not because of the Yen situation, it was because of the dollar. All eyes are on the dollar, s let's see and let's wait why are everybody looking that.
To fail is just an opportunity to learn
  • #49,908
  • May 29, 2013 9:54am May 29, 2013 9:54am
Quoting Tymedu
{quote} Thank you guys. But take into account that I am on the same page as you are, I'm just a newbie trying to find the logic. What I just said could be totally wrong because I'm not an expert, but that is my vision. Regarding the criteria, it's hard to have a fixed criteria because there are a lot of elements to observe. My advice? Practice. Simple as that. You will fail and I will fail, but that fail will allow us to learn something. Meanwhile don't be afraid to trade using all the things you are learning. You can use a demo account for that,...

But yes, you're right. For us to say. More eyes see more ....
It's not a dream. Chipsa is real!
  • #49,909
  • May 29, 2013 10:04am May 29, 2013 10:04am
Quoting Tymedu
{quote} I need further confirmation to start shorting in EU. So far the price is around 1.295 but as u can see in the image attached, there are signs of weakness but there is demand as well. The black circles show how the volume increases at the highs but at the same time we had 2 bearish candles followed by bullish reaction (red circles). This could be interpreted like there is still demand and it's not ready to go lower. As I said, I will wait for further confirmation. If the MM's are switching to bears they could push the price higher now that...
Big Tymedu... thanks
Quoting Tymedu
, between 50 and 61.8 fibo with a volume increasing at the bottoms. I
I like this
Newbie trader
  • #49,910
  • Edited 10:33am May 29, 2013 10:17am | Edited 10:33am
Quoting Msis125125
Closed 1000 pips today. TAH thank you, you are the man. Finally I am start getting what is Forex. http://gyazo.com/3e1a93cb78f97da943e4e36bd2b20a29
You represent some financial institution? broker? 28 trades with 1 lot size. You are not a home trader I guess.

Anyway, nice results
Whatever is obvious is obviously wrong!"
  • #49,911
  • May 29, 2013 11:02am May 29, 2013 11:02am
Quoting Tymedu
{quote} I need further confirmation to start shorting in EU. So far the price is around 1.295 but as u can see in the image attached, there are signs of weakness but there is demand as well. The black circles show how the volume increases at the highs but at the same time we had 2 bearish candles followed by bullish reaction (red circles). {image}
Tymedu very good ! Thanks

ok was this type communication. Now I ask if you can elaborate on this point:

*** BUT HOW AND WHEN SAY FAILURE ANALISYS, now run to the shelter = Stop loss ***
500euroalgiorno.wordpress com
  • #49,912
  • May 29, 2013 11:20am May 29, 2013 11:20am
Quoting Apollo14
{quote} Tymedu very good ! Thanks ok was this type communication. Now I ask if you can elaborate on this point: *** BUT HOW AND WHEN SAY FAILURE ANALISYS, now run to the shelter = Stop loss ***
The first important thing you need to know and to determine is the phase of the market and the range of that phase. In this specific case, if I start to add longs my SL would be below 1.28, which has been proven as a strong support. On the other hand, if I start to short EU right now, my SL would be 1.30 or 1.305 (it depends of where did I start to build).

But sometimes, the better way to win money is to wait. And for now I'm waiting because I'm not sure about what is the current phase. It could be distribution or reaccumulation, so I wait to gather information.
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To fail is just an opportunity to learn
  • #49,913
  • May 29, 2013 1:07pm May 29, 2013 1:07pm
Quoting Tymedu
{quote} The first important thing you need to know and to determine is the phase of the market and the range of that phase. In this specific case, if I start to add longs my SL would be below 1.28, which has been proven as a strong support. On the other hand, if I start to short EU right now, my SL would be 1.30 or 1.305 (it depends of where did I start to build). But sometimes, the better way to win money is to wait. And for now I'm waiting because I'm not sure about what is the current phase. It could be distribution or reaccumulation, so I wait...

So you may be going to define open a page of the manual with this title:

Failure analysis
a) When the price moves of more than 2 figures with high volumes in one sitting
b) When we no longer see price manipulation
c) When ....

It is recommended that dry out in a lump sum, or Stop & reverse?


I do not speak English well I hope I have given the sense, I think it's an important point for newbies and topic of discussion.

comments thanks
500euroalgiorno.wordpress com
  • #49,914
  • May 29, 2013 1:33pm May 29, 2013 1:33pm
Good time of the day everyone! This thread was a loooong read (didn't actually read 2400+ posts but more than a 100 from now backwards...) and a hell of a ride.
I've also took my time to read the PDF manual for PVSRA analysis. Very interesting. I've been trading with different martingale strategies for a couple of years now but there were moments of psychological meltdown when the whole depo was at risk. Coming up across this evolving thread I have a question: the building of the orders with gradual lot increase is something simmilar to the martingale system, but with a stop loss at a distant point and complete intependent aproach for each consecutive trade ?
And an other question is regarding the PVSRA itself, I've attached an image of a raugh analysis that I just made for the current condition of EURJPY.
it is for determining if the movement is used by made up by bears or bulls...

any advise will be appreciated, thank you in advance!
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYm1.png Size: 64 KB
  • #49,915
  • May 29, 2013 2:52pm May 29, 2013 2:52pm
Quoting traderathome
{quote}UJ Short Trade: Entered short #1, Scout, based on US MMs re-hiking price above whole number, as did the London MMs, indicating the MMs are bears loading up shorts. No SL, no TP, though I expect this to drop back to the bottom of the 100+ pips move up, and then some more thru the week. {image}
UJ Short Trade:

Previously added short trades #2 and #3, and then later closed all three trades for 100x3= 300 pips gain, average EPx3 to TP1. Short trade #2 was actually the last trade executed. It was a pending order since the start of the trade.
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  • #49,916
  • May 29, 2013 3:25pm May 29, 2013 3:25pm
Quoting fex
Trading System: PVSRA (all scouts), what little I understand the system. I am not having more accurate results, but about (it was just a test): Closed 2 EJ trades with 110 pips (55x2 from avg to TP) Closed 2 UJ trades with 100 pips (50x2 from avg to TP)Closed 7 EU trades with 350 pips (50x7 from avg to TP) Closed 6 UCH trades with 60 pips (10x6 from avg to TP)Closed 4 GU trades with 140 pips (35x4 from avg to TP)Closed 4 EG trades with 140 pips (35x4 from avg to TP)Edit: Closed 5 UCAD trades with 75 pips (15x5 from avg to TP)Edit: Closed 7 AU trades...
PVSRA Testimony From New User

"I have gotten so many pips in 2 days than in 9 months ..."
"The system is the easiest and most relaxed I've ever had ..."
"...when you start to see how the pips fall .... fear takes hold."

....1....2.....3, ......Learn to embrace the drawdown and you will see!

Sonicers,

PVSRA makes pips, and it is a far more relaxed style of trading, and it will create drawdowns. For this last reason, we must still weigh carefully our entries to not waste our bullets, and we must be shooting caliber 22's, not 45's. The market is infamous for jerking prices around for no other reason than to take money away from people. Do not think most of the price moves have anything to do with any reason but that. They don't. The fact is the relative strengths of countries economies do not change the way market prices do. Market price gyrations are put on by the banks to "steal" money far more often than you'd suspect, and the gyrations can be greater and more drawn out than you'd suspect, involving both directions. Like a good Boy or Girl Scout, "Be Prepared" for drawdowns, and learn to embrace them, not fear them.

Great post, fex!
  • #49,917
  • May 29, 2013 3:39pm May 29, 2013 3:39pm
I am totally with TAH on that statement. I have had -800 pips 2 days ago, still adding positions and closed to today +1000 pips, all of my stop losses levels were 100 pips and none had reached. So system do work. If you want to see how good, look at my profit from this week few posts above.

TAH - you are an Grail Finder.

There is no spoon....
  • #49,918
  • May 29, 2013 3:49pm May 29, 2013 3:49pm
USDJPY the situation clarification. I see high activity of MM around whole number, after big sale today. So I guess it is MM unloading they orders. It might be loading the Longs, but HIGH Volume only on Red bars, ego Short after 200 pips daily move. So I stick to my story of unloading. There however HNS on M15 so take a good look and we might have nice drawback on price for MM to buy at better price.

PVRSA Rules!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpym1.png Size: 78 KB
Click to Enlarge Name: usdjpym15.png Size: 106 KB
There is no spoon....
  • #49,919
  • Edited 4:19pm May 29, 2013 4:05pm | Edited 4:19pm
Quoting Msis125125
USDJPY the situation clarification. I see high activity of MM around whole number, after big sale today. So I guess it is MM unloading they orders. It might be loading the Longs, but HIGH Volume only on Red bars, ego Short after 200 pips daily move. So I stick to my story of unloading. There however HNS on M15 so take a good look and we might have nice drawback on price for MM to buy at better price. PVRSA Rules! {image} {image}
Msis125125,

One thousand pips, awesome!

Regarding UJ, attached is M1 with an interesting situation. Before the rectangle we can see price was run up, stayed up there with some fluctuation, but then there was a strong volume down bar, presumed selling. This is just before the rectangle. Now, price is hiked even further (into the rectangle) and there are two interesting bars there: the hanging man which I presume to be selling and then an almost impossible to see bar that has the highest level of trading on the chart. Since this takes place generally higher rather than lower, it is what I consider to be a very strong clue the MMs are selling. They are bears right now.
Attached Image (click to enlarge)
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  • #49,920
  • May 29, 2013 4:11pm May 29, 2013 4:11pm
Quoting traderathome
{quote}PVSRA Testimony From New User "I have gotten so many pips in 2 days than in 9 months ...""The system is the easiest and most relaxed I've ever had ...""...when you start to see how the pips fall .... fear takes hold." ....1....2.....3, ......Learn to embrace the drawdown and you will see! Sonicers, PVSRA makes pips, and it is a far more relaxed style of trading, and it will create drawdowns. For this last reason, we must still weigh carefully our entries to not waste our bullets, and we must be shooting caliber 22's, not 45's. The market...
Thanks , I am encouraged to continue. I will keep trying but I will try to take better care of my scouts, that sometimes seem kamikazes. TAH Sorry but I'm still a little skeptical (understand that it could become very easy), I need to learn and practice more. I'll try to leave more testimonials. Thanks for your effort and patience. regards, (Mr )fex.
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