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Sonic R. System

  • #48,521
  • May 10, 2013 2:05am May 10, 2013 2:05am
Quoting Asuno
...Does this mean if one use IB as broker, then the volume he is seeing does not include trades via fxcm,.. etc?.....
Do I read you use Interactive Brokers also?
Where do you see volume on forex there??
  • #48,522
  • May 10, 2013 2:06am May 10, 2013 2:06am
Quoting francus
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....
I have made 600 pips with PVSRA at EURUSD.
There is no real need to build position as MM for me. The "wrong" side can be too long.
  • #48,523
  • May 10, 2013 2:15am May 10, 2013 2:15am
GM @ Sonicdeejay & @ traderathome.....gentlemen, a most interesting discussion over the past few hours.

Whilst I do not trade as TAH, as a ex development engineer, I am watching his work in progress as he works to develop his system for profiting from his PVSRA approach - and remember guys it is Work in Progress and its final format has yet to arrive.

I do however personally agree with Sonic's approach and as we move into summer, I am looking for a longer term methodology as I will have less screen time available. I will be looking to build positions by following the turning of the dragons around "a level" - the 1 min, then the 5m and finally the 15m which will give me sufficient exposure to start this approach.

As ever, patience and disicipline will be the key to maximising on the ideas in this great thread.
Trading Levels with WRBs
  • #48,524
  • May 10, 2013 2:16am May 10, 2013 2:16am
EU Short Trade:

Entered Classic short. No SL, TP at this time.
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  • #48,525
  • May 10, 2013 2:18am May 10, 2013 2:18am
Quoting ForeignTrade
{quote} 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.
Entry before London? Hmm.....
Everything is possible!!! Step by Step...
  • #48,526
  • May 10, 2013 2:22am May 10, 2013 2:22am
Quoting ForeignTrade
{quote} Do I read you use Interactive Brokers also? Where do you see volume on forex there??
my apologies.. I was just using interactive brokers as an example.. i have used it before for equities so it is the first one on top of my head. I currently do not do fx with them so I cannot answer your question. I have been on fx paper using demo accounts in mql4.

so my point was do volume info from brokerA not capturing volume/trades via brokersB, C, D? If so, would it be better to choose a broker (if any) that MMs use.. Would PVSRA still work if my broker has no MM clients such that volumes/trades are actually retail only..
  • #48,527
  • May 10, 2013 2:24am May 10, 2013 2:24am
Quoting Islander
GM @ Sonicdeejay & @ traderathome.....gentlemen, As ever, patience and disicipline will be the key to maximising on the ideas in this great thread.
, share your RUM

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  • #48,528
  • May 10, 2013 2:39am May 10, 2013 2:39am
Quoting Islander
GM @ Sonicdeejay & @ traderathome.....gentlemen, a most interesting discussion over the past few hours. Whilst I do not trade as TAH, as a ex development engineer, I am watching his work in progress as he works to develop his system for profiting from his PVSRA approach - and remember guys it is Work in Progress and its final format has yet to arrive. I do however personally agree with Sonic's approach and as we move into summer, I am looking for a longer term methodology as I will have less screen time available. I will be looking to build positions...
aye aye, captain..

Sonic
  • #48,529
  • May 10, 2013 2:42am May 10, 2013 2:42am
Quoting sonicdeejay
missile locked.. minimum 110+ pips on my EJ.. see if Mr Mkt willing to give me more.. Sonic {image}
closed my overnight baby for abt + 172 pips as I see some signs..

Sonic
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  • #48,530
  • May 10, 2013 2:46am May 10, 2013 2:46am
Quoting traderathome
GU Short Trade: Entered short, Scout, MMs pumped price above the half number and poured on the trades (M1 PVSRA) confirming the MMs are now bears hiking prices to add shorts. It is important to remember that while PVSRA makes it easy to know if the MMs are bulls or bears, we can never know at what price they will initiate their profit making run. So in this case price could go higher,.....and higher,......and higher before starting to move back down. The risk of this happening is reduced because this hike is above a half number near the top of an...
Quoting traderathome
{quote} GU Short Trade: Added short trade #3, Sonic Scout based on MMs moving price to S&R 1/4 area twice now and with higher volumes following. {image}
Quoting traderathome
{quote} GU Short Trade: Added short trade #4, a Sonic Scout as MMs moved price back above whole number on high relative trading (M1 confirmed). {image}
Quoting traderathome
{quote} GU Short Trade: Added short trades #5 and #6, Scouts. Big run after USD "news", followed by big increases in trading after the MMs hiked the price above the half number S&R. PVSRA indicates MMs are still very much bears. {image}
Quoting traderathome
{quote} GU Short Trade: Added short trade #7, Scout. M1 PVSRA, MMs raised price above 3/4 S&R and followed up with higher trading = bears. BTW, the US MMs timed this hike for right after the close of the London session so there would be less competition for liquidity. {image}
Quoting traderathome
{quote} GU Short Trade: Added short trade #8, Classic. M1 PVSRA shows higher activity at highs and coming off of highs, indicating the MMs remain bears. {image}
GU Short Trade:

Closed all eight short trades for 100x8= 800 pips gain, average EPx8 to close at TP1.
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  • #48,531
  • May 10, 2013 2:46am May 10, 2013 2:46am
Quoting traderathome
EU Short Trade: Entered Classic short. No SL, TP at this time. {image}
Not Classical, because this trade against Local minimum. And we have some kind Stopping volume before.
Everything is possible!!! Step by Step...
  • #48,532
  • May 10, 2013 2:53am May 10, 2013 2:53am
Quoting sonicdeejay
{quote} closed my overnight baby for abt + 172 pips as I see some signs.. Sonic {image}
Ahh, so you did go long after all...thought you were bearish on EurJpy yesterday. Nice trade though, I managed 100 pips
  • #48,533
  • May 10, 2013 2:55am May 10, 2013 2:55am
Quoting only20gp
{quote} Ahh, so you did go long after all...thought you were bearish on EurJpy yesterday. Nice trade though, I managed 100 pips
how can the Master not go long?

classic setup yesterday,(screen shot from last night)

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  • #48,534
  • May 10, 2013 2:57am May 10, 2013 2:57am
Quoting DmitryFX
{quote} Entry before London? Hmm.....
Yep I know, classic mistake,
I could have a much better entry after LO.
Printed in my mind now....
  • #48,535
  • May 10, 2013 3:02am May 10, 2013 3:02am
Quoting traderathome
{quote} {quote} {quote} {quote} {quote} {quote} GU Short Trade: Closed all eight short trades for 100x8= 800 pips gain, average EPx8 to close at TP1. {image}
NIce reward after great risk..

I hope n I m ok, as long as u know what u r doing and pls do remind of other sonikers of possible snowballing double edged effects..

Sonic
  • #48,536
  • May 10, 2013 3:05am May 10, 2013 3:05am
Quoting ForeignTrade
{quote} Yep I know, classic mistake, I could have a much better entry after LO. Printed in my mind now....
Many traders trade before London with success. But it depends on your experience. Step by Step....
Everything is possible!!! Step by Step...
  • #48,537
  • May 10, 2013 3:08am May 10, 2013 3:08am
Quoting traderathome
EU Short Trade: Entered Classic short. No SL, TP at this time. {image}
If 1.305x breaks upward, worth considering a scout selling opportunity around 1.306x (supported by PVSRA).
Mind the gap
  • #48,538
  • May 10, 2013 3:12am May 10, 2013 3:12am
Quoting Asuno
{quote} my apologies.. I was just using interactive brokers as an example.. i have used it before for equities so it is the first one on top of my head. I currently do not do fx with them so I cannot answer your question. I have been on fx paper using demo accounts in mql4. so my point was do volume info from brokerA not capturing volume/trades via brokersB, C, D? If so, would it be better to choose a broker (if any) that MMs use.. Would PVSRA still work if my broker has no MM clients such that volumes/trades are actually retail only..
What I have experienced and read, it is all about the relative volume. The one volume bar is higher than the previous (or lower)
So from different brokers, the volume graph should be the same even if they do not include the volumes/trades of broker B,C and D.

I use IB and since they don't provide volume on forex I programmed my own volume meter against their API.
My readings of volume are the same as the pics I see here. And everybody is using different brokers I assume.
So it doesn't matter which broker, as long as it is not a very small one of course...

I think brokers do not disclose if and how many MM they have...
  • #48,539
  • May 10, 2013 3:13am May 10, 2013 3:13am
Quoting francus
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.
1hr later %)

it looks like USDJPY on top. High activity at highs. My target is 101.00. Want to close 2 of scouts and put 1 to be for free run
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Be coherent with your strategy
  • #48,540
  • May 10, 2013 3:13am May 10, 2013 3:13am
Hi Sonic, thanks you for share your Bankai =D. I just trade in demo for 5 day and feel very comfortable with your system.

But now I just read for 28 page from this thread begin , I will try to catch up with you guy ( more than 2k page >"< ).

Next week I will post my entry ( demo ) with pic , hope you guys help me to control Sonic R. Sytem .

P/s Sorry about my bad english skill. Good weekend guys !
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