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Sonic R. System

  • #48,501
  • May 9, 2013 11:54pm May 9, 2013 11:54pm
Quoting sonicdeejay
You are adding Shorts as the price advance... as you show from the chart.. {image} It doesn't look like PVSRA to me.. Price Action doesn't show bearish.. We go through all the trouble (such as spending time reading chart, so that we can have better precise entry). So, patience play a big part for retail traders like us. Since you are very sure that price will decline soon, why don't we wait for the price to turn and add shorts on it way down... {image} You are simply adding positions (just like double down in gambling) and waiting for the price...
I tend to be around original one. But I still been trying to trade with the Tah scout.

Thanks both prof.
Smile, Breath, and Go slowly
  • #48,502
  • May 9, 2013 11:58pm May 9, 2013 11:58pm
EU Long.
MM push price down to add more long.

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High Volume at low.
Trading is something special.
  • #48,503
  • May 10, 2013 12:07am May 10, 2013 12:07am
Quoting emmanuel7788
{quote} Nathaniel, I am so glad to read your post here. I fully agree with you on what you wrote. I sense you are the discerning type of investor / trader and knows how to trade the market. I have a serious concern seeing so many of the position building trades shared here and a total disregard for the proper understanding of market structure and how to trade the different market types. Once again, thanks for sounding out this advice to all. Kind regards, EMMANUEL
Hi Emmanuel,

No no, I am still learning the ropes. Have been in the market for a few years. Even then, I am still finding my way and learnt that it is important to be humble. There are so many things that we do not know, so many things that we think works now but will not work the next moment.

I agree that understanding market structure is important. Yet, it is difficult to grasp the concept as our understanding can be subjective. Also, I don't understand why some would attribute all sorts of move to MarketMakers. It is some conspiracy theory that people like to make believe.

Looking forward to more sharing from you!
  • #48,504
  • May 10, 2013 12:08am May 10, 2013 12:08am
Quoting traderathome
{quote} foxybunny, my charts have always had the most important S&R on them; the Levels.
Long long long long long long time ago, your charts seem to show clearer levels and S&R.

I recalled your S&R was quite accurate that time.

Perhaps that time you waited for a retest, but nowadays don't seem to wait for a retest of such levels, and price just continue to go through those levels easily before retest.
  • #48,505
  • Edited 12:30am May 10, 2013 12:08am | Edited 12:30am
Quoting traderathome
{quote} bear MMs can hike price to add shorts, over and over and over until they finally start their "run for profits". a
You said it all..
Since u know and u sure that MM are fakingly pulling up price to add short...why don't you "wait" for price to do turn into your favour to short, instead of adding shorts as the price advance up..

You are simply adding your losers recklessly.. We dont have Hugh trading acc, we have margin to take note..


all your positions may turn out to be a winner but meanwhile ur drawdown will snow ball..
These are not considered good trades..

And as far as I remember, this is not the first time that we are having this conversation, we had this about 2 years ago..

Nobody makes the same mistake, first one can be considered mistake, second one will be considered choice...


Sonic
  • #48,506
  • May 10, 2013 12:11am May 10, 2013 12:11am
Quoting traderathome
{quote} UJ Short Trade: Added short trade #5, Scout. M1 PVSRA shows the MMs moved price above 3/4 S&R and increased trading, indicating they are bears moving price higher to short. {image}
Though still seems to be early I've opened my 1st UJ short. UJ shows signs of topping temporarily around this level (even if it goes higher) supported by PVSRA. I think the first drop is still limited to around 100.6x, the bigger pic says a further rise has a good chance from there forming a top around RWH before a sizeable drop really starts (warning, speculation).
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Mind the gap
  • #48,507
  • May 10, 2013 12:15am May 10, 2013 12:15am
Quoting foxybunny
{quote} Long long long long long long time ago, your charts seem to show clearer levels and S&R. I recalled your S&R was quite accurate that time. Perhaps that time you waited for a retest, but nowadays don't seem to wait for a retest of such levels, and price just continue to go through those levels easily before retest.
Whatever, foxybunny. Making more per week than before per month. That's the bottom line.
  • #48,508
  • Edited 12:56am May 10, 2013 12:23am | Edited 12:56am
Quoting sonicdeejay
{quote} You said it all.. Since u know and u sure that MM are fakingly pulling up price to add short...why don't you "wait" for price to do turn into your favour to short, instead of adding shorts as the price advance up.. You are simply adding your losers recklessly.. all your positions may turn out to be a winner but meanwhile ur drawdown will snow ball.. These are not considered good trades.. And as far as I remember, this is not the first time that we are having this conversation, we had this about 2 years ago.. Nobody makes the same mistake,...
Sonic, there are two important aspects totally missing in years past...

1. Size of trade: When building while the MMs build, trade much smaller because the distance and number of "build" levels is unknown.
2. S&R: Accept how MMs use S&R, and the universal S&R levels they prefer to use.

What I am doing, Sonic, is not as haphazard as you might think.

A funny thing about all of this is S&R has become a key element in what was before just an analysis of price action and volume (how your Scout got started), and the role S&R plays is very simple and specifically defined. It all works much better now than ever before. But in spite of the role that S&R plays being so very simple and so very specific, a whole bunch of folks that would say they "understand" S&R, just don't get PVSRA at all!
  • #48,509
  • May 10, 2013 12:46am May 10, 2013 12:46am
On the lighter notes,,

Professor TAH is just like Peter Schiff whom I greatly admired..

He has been advocating the rise of gold and the collapses of stock market..

He may have his points that I agreed too, I will only long on gold & short on stock only when "my charts" show..
If I just long as the gold slides and shorts as DowJones rises, i will be greatly under water for past 5 years now..


Sonic
  • #48,510
  • May 10, 2013 12:48am May 10, 2013 12:48am
Quoting emmanuel7788
{quote} ForeignTrade, Dragon is simply a EMA34 Trend is simply EMA89 These are the two required indicators on you price charts......
Thanks for this info.
My broker does volume on stocks/futures, but not on forex.
So I have made something myself to follow volume.
Lets see how this works out
  • #48,511
  • May 10, 2013 12:56am May 10, 2013 12:56am
MKT is ranging side way with calm before storm manner...
See what LO brings..


Sonic
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  • #48,512
  • Edited 1:18am May 10, 2013 1:05am | Edited 1:18am
Quoting sonicdeejay
On the lighter notes,, Professor TAH is just like Peter Schiff whom I greatly admired.. He has been advocating the rise of gold and the collapses of stock market.. He may have his points that I agreed too, I will only long on gold & short on stock only when "my charts" show.. If I just long as the gold slides and shorts as DowJones rises, i will be greatly under water for past 5 years now.. Sonic
Well, thank you for that vote of confidence. And when you were trading silver in March when it was oscillating at 29.00, did I not say it was bearish?

-tah
  • #48,513
  • May 10, 2013 1:18am May 10, 2013 1:18am
Quoting traderathome
{quote} Well, thank you for that vote of confidence. And when you were trading silver a couple months back when it was oscillating at 29.00, did I not tell you it was going down? -tah
Yes, I hit my SL for 150 pips at that time.. but I didn't average down as I try not to add position to my losing trade eventhou I was pretty bullish. . it could have been 300 or 600 minus pips..or 1k pips under water by now..

Sonic
  • #48,514
  • May 10, 2013 1:24am May 10, 2013 1:24am
missile locked..

minimum 110+ pips on my EJ.. see if Mr Mkt willing to give me more..

Sonic
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  • #48,515
  • May 10, 2013 1:31am May 10, 2013 1:31am
The explanation of my understanding of PVSRA.

For example todays EU chart.
We have new peak now - LL. And it looks like forming of Double Bottom - W.
So, go down to LTF - 1M and i can see buying activity immediately under 1.3025 level.
On this basis I am going to trade LONG from 15m chart as soon as i will get Classical SonicR setup.
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Everything is possible!!! Step by Step...
  • #48,516
  • May 10, 2013 1:43am May 10, 2013 1:43am
my TP is too tight , dhhmm
  • #48,517
  • May 10, 2013 1:43am May 10, 2013 1:43am
hi,

Im new to trading and am still in the "paper" phase. I have been studying the strategy for 3 weeks now. Thanks the masters!

the PVSRA.pdf states that "forex volume is only the count of trades on your broker's server, not the market-wide count on total currency being traded."

Does this mean if one use IB as broker, then the volume he is seeing does not include trades via fxcm,.. etc?
If so, would PVSRA only work when we use the same brokers as the MMs use? otherwise the red and green bars would not be MM moves. If this is relevant, is there a best broker for PVSRA practice.

Hopefully im making sense.

Thanks
  • #48,518
  • May 10, 2013 1:55am May 10, 2013 1:55am
GU series of 6 short trades closed. Spend 9 days for it...
An average 100 pips from 1 trade.
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Everything is possible!!! Step by Step...
  • #48,519
  • May 10, 2013 1:55am May 10, 2013 1:55am
Quoting DmitryFX
The explanation of my understanding of PVSRA. For example todays EU chart. We have new peak now - LL. And it looks like forming of Double Bottom - W. So, go down to LTF - 1M and i can see buying activity immediately under 1.3025 level. On this basis I am going to trade LONG from 15m chart as soon as i will get Classical SonicR setup. {image} {image}
Exactly my thought DmitryFX.
However I entered trade at 1.3047 (just before German news came out, wasn't aware of that....)
EU declined but volume info at 1.3022 strengthen my thoughts that they were heavily buying.
(Previous my instinct would close the trade at a loss exactly on 1.3021, but now mind is reversing...)
So I let it ride and I will take profit at 1.3100

Sorry no charts,figuring out how to do that easily.
  • #48,520
  • May 10, 2013 1:59am May 10, 2013 1:59am
I have made 600 pips with PVSRA at EURUSD.

I was not disciplined enough to post them here. I`m started shorting before TAH. I have also caught top, but was not patient enough to ride it all the way. The fear of weekend comes to me at wednesday. I found myself overtraded. I`m not locked with FIFO rule, so i have closed my positions partially from time to time and my result in pips not so good. But i have added third part of my positions at the way down to 1.302.

Shorting every top and every plato was hard psycho. I`m intend to do scouts more strong. There is no real need to build position as MM for me. The "wrong" side can be too long. But my capital too low to move market, so i can wait better point to jump in with power of PVSRA.
Be coherent with your strategy
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