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Sonic R. System

  • #47,581
  • Apr 29, 2013 2:30am Apr 29, 2013 2:30am
Quoting traderathome
EU Short Trade: Entered short trade #1, a Sonic Scout based on MMs hiking price back to previous Asian session highs with high trading at the highs. MMs might later push price to higher levels. If they do sufficiently well at this (upper whole number area?), I intend to add to my short position. No SL, no TP at this time. {image}
EU Short Trade:

Added short trade #2, a Sonic Scout based on MMs hiking price to last Thursday highs with higher trading levels once price achieved the S&R 3/4 level.
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  • #47,582
  • Apr 29, 2013 2:37am Apr 29, 2013 2:37am
Quoting nicoacademia
eu setup was a sonicR classic? not sure what the direction of this thread is anymore. granted understanding the bigger picture is good. i'm sure if you keep shorting - further down the week it'll pay off. {image}
Not Understanding?

It was all explained. You might try catching up on your reading of posts, my fellow Sonicer.
http://www.forexfactory.com/showthre...44#post6643344

1. A Classic entry, even if MMs are building in the opposite direction, can still make pips.
2. Use Scouts to build short position right along with the MMs.

Either way, the Sonic R. System rocks!
  • #47,583
  • Apr 29, 2013 2:38am Apr 29, 2013 2:38am
Quoting sonicdeejay
First stop 127.6xxx Sonic {image}
Told cha..

Sonic
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  • #47,584
  • Apr 29, 2013 2:47am Apr 29, 2013 2:47am
Quoting zohaib
TAH don't you think MM's are buying in Euro as all the high activity is under half number now on 1 min chart {image}


beating the PROFASSIONAL.



GREAT JOB

+50pips is not bad...
  • #47,585
  • Apr 29, 2013 2:52am Apr 29, 2013 2:52am
Quoting JRissa
{quote} Your waiting? Haven't you had your morning coffee yet? I took short scout EP1 already, cause it seemed so obvious that they pump the price up to get shorts. Now we are above half number and trading is getting some volume in. Although I am thinking they might be getting this above full number before mark down. That would be good place to start mark down: RDH, 4h & daily resistance area. On the 1min chart we can see how volume stays up without price continueing to go up after each fast pump up. {image} {image} {image}
EU short scout #2
PVSRA: Price ~at full number with very high volumes.
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I know the secret...
  • #47,586
  • Apr 29, 2013 2:54am Apr 29, 2013 2:54am
This is where the new scout system gets interesting, particularly when we had a valid sonic classic long on the euro.

I shorted the euro at 1.3099 using the scout system and the round number barrier and previous resistance.

Best of luck trading this week..
  • #47,587
  • Apr 29, 2013 2:58am Apr 29, 2013 2:58am
Quoting traderathome
{quote} Not Understanding? It was all explained. You might try catching up on your reading of posts, my fellow Sonicer. http://www.forexfactory.com/showthre...44#post6643344 1. A Classic entry, even if MMs are building in the opposite direction, can still make pips. 2. Use Scouts to build short position right along with the MMs. Either way, the Sonic R. System rocks!
maybe i should rephrase as.
i don't understand the need to branch out of the original sonic r system.
but my guess would be that it helps to visualise the bigger movements as well as introduce one into the world of swing trading.
not sure if you've heard of nanningbob's 10.4 system at stevehopwoodforex forum and captain jack but it would be along the same lines of trading MM and understanding the big picture.(similar to what you are doing holding into drawdown).

anyway i'm like somewhere at page 300+ of the 3000+.
and enjoy the clarity of the classic SonicR in its founding years.
just a preference i guess.

FOMC comes midweek and NFP at end of the week. i believe you will see big profits by then.
  • #47,588
  • Apr 29, 2013 2:59am Apr 29, 2013 2:59am
Quoting JRissa
{quote} EU short scout #2 PVSRA: Price ~at full number with very high volumes. {image} {image}
Why don't we wait till there is sign of weakness...

Sending a scout like this is very risky..


EU weekly candle wasn't that bearish unlike EJ...


We are traders... our primary job is to get minimize our risk...

Sonic
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  • #47,589
  • Apr 29, 2013 3:00am Apr 29, 2013 3:00am
Quoting nicoacademia
eu setup was a sonicR classic? not sure what the direction of this thread is anymore. granted understanding the bigger picture is good. i'm sure if you keep shorting - further down the week it'll pay off. {image}

Ok..now it takes off...

What is ur exit plan..??


Sonic
  • #47,590
  • Apr 29, 2013 3:02am Apr 29, 2013 3:02am
EJ LONG , closed... bounce from the trend line.... will add a short on volume confrmaton, no sonicR setup on EJ yet..
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  • #47,591
  • Apr 29, 2013 3:10am Apr 29, 2013 3:10am
Quoting sonicdeejay
{quote} Why don't we wait till there is sign of weakness... Sending a scout like this is very risky.. EU weekly candle wasn't that bearish unlike EJ... We are traders... our primary job is to get minimize our risk... Sonic {image}
For few reasons;

1. I'm trusting PVSRA
2. I'm looking at possible resistance being at 1.3130
3. I don't have time to be on screen all the time and mostly these moves, that MM's have loaded for short or long, begin with huge first move. Don't wanna miss that.

But you are absolutely right that this way of trading is more risky than Classic entry way... Just field testing PVSRA with Professor TAH here

I am keeping my trade sizes so small that I can withstand 1000+pips on the minus side without problem per pair that I'm trading. So money management is huge part in this way of trading.
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I know the secret...
  • #47,592
  • Apr 29, 2013 3:10am Apr 29, 2013 3:10am
Quoting sonicdeejay
{quote} Ok..now it takes off... What is ur exit plan..?? Sonic
BOSS!
haha(after reading since retro years 2008(i was still clueless about trading then!but slogging as an analyst n dreaming)
(i'm amazed how far you have come n carried on since those tumultous years!)
so i have always wanted to call you that.

exit plan. exited already.
i'm a simple(lazy) man.
DR2 and MR3 called my name n i answered.
and i'm done for the day.
Attached Image


there's this concept about market makers going around.
i kind of see it as their "profit release". terminology from martin cole's market maker method.
but you know what.
SonicR method is much.much.better for me than his software.
  • #47,593
  • Apr 29, 2013 3:13am Apr 29, 2013 3:13am
Quoting JRissa
{quote} For few reasons; 1. I'm trusting PVSRA 2. I'm looking at possible resistance being at 1.3130 3. I don't have time to be on screen all the time and mostly these moves, that MM's have loaded for short or long, begin with huge first move. Don't wanna miss that. But you are absolutely right that this way of trading is more risky than Classic entry way... Just field testing PVSRA with Professor TAH here I am keeping my trade sizes so small that I can withstand 1000+pips on the minus side without problem per pair that I'm trading. So...



the DRAWDOWN OF A TRADE DOES MEAN TO U, JRASSIA AND TAH..??

if u add more scout and scout and price return from 1.32 and some average trades , is not the pure gain, is it??

I THINK SONICDEEJAY MUST PUT SPECIAL ATTENTION TO IT
  • #47,594
  • Apr 29, 2013 3:34am Apr 29, 2013 3:34am
Quoting irfanhashim
{quote} the DRAWDOWN OF A TRADE DOES MEAN TO U, JRASSIA AND TAH..?? if u add more scout and scout and price return from 1.32 and some average trades , is not the pure gain, is it?? I THINK SONICDEEJAY MUST PUT SPECIAL ATTENTION TO IT
I am also practicing PVSRA on my live account with micro lots, every trade need money management, i am also not getting drawdown more as 3% of my account in worst cases, anyhow it is mentioned that both style of trades are valid.
  • #47,595
  • Apr 29, 2013 3:34am Apr 29, 2013 3:34am
Quoting traderathome
A PVSRA Lesson With EU Suppose PVSRA indicates the MMs are bears, and now we see price rising,....sort of a Classic setup on a big PA wave. Does it make sense to have a long setup if the MMs are bears? Is PVSRA wrong? Think about this. If the MMs are wanting to build short, do they not need longs coming into the market? Yes, they do. So, the higher the MMs hike the price, the more longs come in and the more the MMs can build short,....at higher and higher prices, too! What a deal! Time and again classic setups have been profitable, even though the...
A PVSRA Lesson With EU

Lets look at this situation again. Firstly, since the market opened for the week, PVSRA came up with good indictions the MMs were bears, and this continued to be the results of PVSRA not only at the time of the Classic long setup, but throughout the breakout run upwards. What can we make of this?

Two things come to mind.....

1. You can take a classic trade and do well, even if the MMs are building for an opposite move. In fact, if the MMs intend to drive the price up to coax in longs to give the MMs the liquidity at ever higher prices to build short, then it assures the Classic setup will result in a good run. The downside here is that not all good looking setups run good. If the MMs are bulls and the Classic is long, then the results should be good, even if there is a pullback first, and you can use Scouts on the pullback to build long. On the other hand, if the Classic is long and the MMs are bears, it really doesn't always work out that the bear MMs will hike price far to build short, making the Classic long a good trade. The bear MMs might very quickly initiate a profit run, leaving the Classic long in the red and with no way the Scouts can help.

2. You can trade along with the MMs, building a position along with them.

To my way of thinking, #2 involves a lot less risk. You're trading along with the MMs, and it is the MMs that know what's what now and what'll be what later. And the past four weeks of trading this way have been the best weeks of my trading.

-tah
  • #47,596
  • Apr 29, 2013 3:36am Apr 29, 2013 3:36am
Quoting sonicdeejay
{quote} Told cha.. Sonic {image}
TP near last week candle 50% fib, 128.16..

Sonic
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  • #47,597
  • Apr 29, 2013 3:44am Apr 29, 2013 3:44am
Quoting sonicdeejay
{quote} TP near last week candle 50% fib, 128.16.. Sonic {image}
very very nice.
are you at work that's why you're using posting screenshots from an app?

would your longer term bias be bearish?
  • #47,598
  • Edited 3:57am Apr 29, 2013 3:47am | Edited 3:57am
Quoting sonicdeejay
{quote} TP near last week candle 50% fib, 128.16.. Sonic {image}
Sonic,

I'm not sure what you are implying, but PVSRA indicates the MMs are bears, big bears. Current PA is a normal retrace in a down trend, with the MMs reloading shorts at the highs of the retrace above the S&R whole number.

PA has been all over the ball park of that last week candle, such that another strike near the 50% fib doesn't have to mean anything. PA could continue up, or go down a bit and then shoot higher,.....hell, based on PA swings so far damn near every fib level has already been hit multiple times!

Now, as for PVSRA, you know exactly what the MMs are, and therefore you can be assured of a particular outcome! Only patience is required.

-tah
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  • #47,599
  • Apr 29, 2013 3:53am Apr 29, 2013 3:53am
Quoting traderathome
{quote} Sonic, I'm not sure what you are implying, but PVSRA indicates the MMs are bears, big bears. Current PA is a normal retrace in a down trend, with the MMs reloading shorts at the highs of the retrace above the S&R whole number. {image}
my chip in is...because we don't know till what point will they take it down. a safer trigger would be useful.
i've done shorting from bottom to top and clear out the other side. so...i know how bad it can be if things go wrong. hence safety is priority.

borrowed your markup cause i'm a lazy man.
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  • #47,600
  • Apr 29, 2013 4:06am Apr 29, 2013 4:06am
Quoting nicoacademia
{quote} my chip in is...because we don't know till what point will they take it down. a safer trigger would be useful. i've done shorting from bottom to top and clear out the other side. so...i know how bad it can be if things go wrong. hence safety is priority. borrowed your markup cause i'm a lazy man. {image}
Another Lesson on PVSRA

The thing to adjust to is that PVSAR is not just an analysis of price and volume. No sir! It is the analysis of price, volume and S&R,....and that makes all the difference in the world!

You see, I pointed out the MMs took the retrace up thru the S&R whole number, and there it is plain to see they did a shit load of trading at the highs. Obvious heavy shorting is what they did, and there is where the best short entry was to be made! PVSRA is far more reliable than PA waves! When building a short position using PVSRA, you don't need to wait for PA waves as you show (2nd pic.) because compared to PVSRA they are just another lagging indicator.

-tah
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