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Sonic R. System

  • #48,701
  • May 12, 2013 5:58pm May 12, 2013 5:58pm
Quoting revoli
{quote} Great videos Sonic. Thanks. Any chance of you recording as you trade? It works really well for capturing your thought processes as a trade unfolds and is compelling watching. I find it really helps to show the decision making process you go through. I have seen it done by Pipware. Here is an example. http://m.youtube.com/watch?v=TYMfvhe8i9A&feature=plcp Just a thought as you are building a library of excellent videos. Thanks again.
It will be difficult for me as I am out most of the time, trade on the go...to show live on YouTube, I need to in front of my PC and record as I trade...

I will try my best, but I can prove the trade record to show that the trades are taken Turely just like in this video..


Inserted Video



For Live trade, I will try my best in forum not in youtube..

Sonic
  • #48,702
  • May 12, 2013 6:46pm May 12, 2013 6:46pm
Quoting okanemici
Hi Emmanuel, Your post is very informative, thank you.When you have time it would be nice to post its chart to learn more from you about analysing big picture.As I stated eurcad looks good for short even in asian session.Below 1.3104 1.3050 and 1.2960 would be the next targets. Regards, P.S: Anybody willing to post a pvsra m1 chart with explanation for eurcad ? I identified a short with sth else but trying to learn pvsra too {quote}
Hi Okan.

Here is my chart updated with Sunday' NYO.
I made some small comments on my chart.
Note: EURCAD is still trading within last month' range.
Last 2 weeks candles are down, so this week it is sell only until I see a H4 or D reversal using candlestick.
Selling after a Lower High is what I will be looking out for... there is 1.3190 which can pay as upper resistance this week.
Pay attention to the April Open and Low, if May break below or if it will retrace upwards before breaking April Low and close as MN Inside Bar. This will make thing more interestin for June trading.

Good Trading in week ahead.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD week 20 update 13-5-2013 7-26-54 PM.png Size: 86 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #48,703
  • May 12, 2013 6:49pm May 12, 2013 6:49pm
Quoting sonicdeejay
{quote} It will be difficult for me as I am out most of the time, trade on the go...to show live on YouTube, I need to in front of my PC and record as I trade... I will try my best, but I can prove the trade record to show that the trades are taken Turely just like in this video.. http://www.youtube.com/watch?v=gf-F0dERtbU For Live trade, I will try my best in forum not in youtube.. Sonic
Sonic,

some good videos you made recently.

off-topic question: what is the software you use for making the videos/

maybe I try make some too.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #48,704
  • May 12, 2013 6:53pm May 12, 2013 6:53pm
Quoting Msis125125
Throw a scout at EJ! Will add more later on! {image}

http://www.forexfactory.com/attachme...1&d=1368394695

I would think of waiting for PA to show the market flow.
Selling on lower highs should be consdiered over the use of sell stop orders without seeing the PA momentum.

Unless, I had misunderstood your trading game paln here, then I am sorry.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #48,705
  • Edited 7:10pm May 12, 2013 6:59pm | Edited 7:10pm
Thanks Emmanuel,

Here is my second trade.Looks promising , didn't want to miss it. 0.9915 target is good for audusd.Then I will look if it reverses from there.I guess usd would be a little stronger than cad, so audusd is a better choice than audcad for now.

Regards,



Quoting emmanuel7788
{quote} Hi Okan. Here is my chart updated with Sunday' NYO. I made some small comments on my chart. Note: EURCAD is still trading within last month' range. Last 2 weeks candles are down, so this week it is sell only until I see a H4 or D reversal using candlestick. Selling after a Lower High is what I will be looking out for... there is 1.3190 which can pay as upper resistance this week. Pay attention to the April Open and Low, if May break below or if it will retrace upwards before breaking April Low and close as MN Inside Bar. This will make thing...
Attached Image (click to enlarge)
Click to Enlarge Name: audusd2.jpg Size: 152 KB
  • #48,706
  • May 12, 2013 7:02pm May 12, 2013 7:02pm
Quoting aussie2010
{quote} Allow me TAH to comment from a small investor point of view If i applied "most conservative plan" to last EU short trade : 1- For start i would avoid first 4 trade (personally i add trade 01,02,03 then stopped because of the big Drawdown then i added trade09) 2- The Classic setup breakout entry would be around 1.3141 (same average of PVSRA) but without the Drawdown , And personally i would open more short positions (7 instead of only 4) which would be more profitable as i am protective & trade less positions without SL in PVSRA case. 3-...

aussie2010,

Fully agree with you on this.
You trade like an investor.
In bearish market, often we hear traders say "sell the rallies...."
I see using Multiple Entries and Multiple Exits is an effective way to maximise the use of initial capital and also to maximise the use of banked-in profits by re-investing banked-in profits to add-in more risk free positions. Taking exits along the market flow is also important.
In this manner, we dont return too much back to the market when the market flow turns around against our positions.

Thank you for sharing here.

Have a Good Trading week ahead.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #48,707
  • May 12, 2013 7:20pm May 12, 2013 7:20pm
i think its classic , am i wrong?

Attached Image (click to enlarge)
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  • #48,708
  • May 12, 2013 7:24pm May 12, 2013 7:24pm
Mr traderathome,

I just wonder, could you please add an option to ON or OFF the Panel of the Sonic Control Panel indi ? Sometimes I need to turn OFF the panel temporary for better whole chart viewing.

Forgive me if you think I ask you too much.

Thanks in advance
  • #48,709
  • May 12, 2013 7:35pm May 12, 2013 7:35pm
Quoting jasakreatif
i think its classic , am i wrong? {image}
Doubt it on H1, at least not yet! I would hold until the 10am when UK opens!
There is no spoon....
  • #48,710
  • May 12, 2013 7:37pm May 12, 2013 7:37pm
Quoting emmanuel7788
{quote} {image} I would think of waiting for PA to show the market flow. Selling on lower highs should be consdiered over the use of sell stop orders without seeing the PA momentum. Unless, I had misunderstood your trading game paln here, then I am sorry.

Red bars bro!

Sell stops are movable, I have an adviser that move it by double click and drag, so just put them more or less where I think they might be. Then I will move each one more accurate!
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 55 KB
There is no spoon....
  • #48,711
  • May 12, 2013 8:59pm May 12, 2013 8:59pm
is there supply at red arrows without much effort, three times no apparent volume increase followed now by a red candle, meaning volume was not required until mm got the price needed to go lower? vol had been defending lower prices meaning mm manipulating to take on shorts at higher price.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 61 KB
  • #48,712
  • Edited 10:06pm May 12, 2013 9:20pm | Edited 10:06pm
Quoting traderathome
{quote} EU Short Trade: Added short trade #2, a Scout to beef up this Classic trade. M1 PVSRA shows the MMs running the price back up in "off hours" when it is easier for the MMs to take prices where they want them. Since it is obvious they want them back up, they are bears adding shorts. M1 PVSRA clearly shows the activity that came in at the highest prices is a significant increase in relative volume, indicating the MMs are bears seeking higher prices to add shorts. {image} {image}
EU Short Trade:

Added short trade #3, supporting Scout. Price has been pulled up to local S&R three times in the early Asian session, since opening the week down. No SL. TP1 is in the area of 1.2750-1.2800.
Attached Image (click to enlarge)
Click to Enlarge Name: may 2013 - 093.png Size: 40 KB
  • #48,713
  • May 12, 2013 9:28pm May 12, 2013 9:28pm
Quoting Msis125125
{quote} Red bars bro! Sell stops are movable, I have an adviser that move it by double click and drag, so just put them more or less where I think they might be. Then I will move each one more accurate! {image}
Msis125125, please post that EA. Thank you.
  • #48,714
  • Edited 10:29pm May 12, 2013 9:42pm | Edited 10:29pm
Quoting jasakreatif
i think its classic , am i wrong? {image}
Quoting Msis125125
{quote} Doubt it on H1, at least not yet! I would hold until the 10am when UK opens!
GU:

Good advice in my book, Msis125125.

Sonic has mentioned too, the first day of the week is not usually one of the better trading days (like Tuesday, Wednesday & Thursday). I think it is because SM moves prices around to set things up for the better trading days, and therefore price movement can be spotty and unreliable so far as hitting "nice" targets.

Msis125125 mentioned H1. An interesting thing about H1 is that PA has only recently started the down trend. Often there will be a PA pullback towards/into/thru the Dragon, as SM works the price to build their positions once they get the new trend underway. This has not yet happened. Therefore, early in this new week SM might move prices back up a bit (1.5400?) to set things up (add more shorts) for another "run for profits" move down later.

jasakreatif, you are using the Day chart (2nd pic) to suggest what, that the cycles of PA waves upwards is going to repeat? Suppose the next major move is the one that breaks the PA down out of that Bear Channel which the PA waves have been creating?

I have added another Day chart (1st pic) with the red line representing S&R. We can see that it centers on the consolidation off to the left on the chart. We can also see that SM last took the price back up to this popular price level from whence there has been a heavy sellof indicated by volume. All this, and with the Bear Channnel as SM worked the price back up (coaxing in longs so SM could build shorts), there is the strong probability SM is very bearish on GU, and only just beginning the "run for profits".

Following the advice of Msis125125, by looking to see what SM does during the first London session of the week, we might get updated on whether SM has switched to being bulls or remains bears.
Attached Image (click to enlarge)
Click to Enlarge Name: may 2013 - 094.png Size: 35 KB
Attached Image
  • #48,715
  • May 12, 2013 9:49pm May 12, 2013 9:49pm
Trade by using Lines on your chart .... EA,

here is a good one.

http://www.forexfactory.com/showthre...hlight=tipster
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #48,716
  • May 12, 2013 10:33pm May 12, 2013 10:33pm
Can someone point me to the post # where the Scout trading strategy is defined. I must had missed it. Sonic and PVSRA strategies have been explained very well multiple times, but I missed what Scout details and trading strategy is. Thank you.
  • #48,717
  • Edited 11:16pm May 12, 2013 10:46pm | Edited 11:16pm
Quoting jdtrader
Can someone point me to the post # where the Scout trading strategy is defined. I must had missed it. Sonic and PVSRA strategies have been explained very well multiple times, but I missed what Scout details and trading strategy is. Thank you.
Hi jdtrader,

Good to hear from you!

Someone just recently asked about TAH indys for MT5. Send email via PM for my proposed release for MT4 is you are converter to MT5.

There has never been a synopsis by Sonic on the Scout. However, one only has to view his posts on the Scout to understand that it is a tempered "tops/bots" method, tempered meaning that a proper recognition of volume is a parameter, and a proper degree of patience also; to await either a reversed PA HLs wave or a strong reversal candle,....some definite price action indication, other than volume alone, that supports a price reversal.

You might review some of Sonic's posts to find those that involve a Scout trade, where you can see how he nicely finensses the application of Scout trades.

I have attached a UJ pic. that "suggests" the application of such a Scout trade may be forthcoming. We have the volume signal (volume at the highs, twice now); particularly where SM moved price above the whole number and then traded heavily. We do not have definite bearish PA yet.
Attached Image (click to enlarge)
Click to Enlarge Name: may 2013 - 095.png Size: 32 KB
  • #48,718
  • May 12, 2013 10:55pm May 12, 2013 10:55pm
Quoting emmanuel7788
Trade by using Lines on your chart .... EA, here is a good one. http://www.forexfactory.com/showthre...hlight=tipster
You don't need that EA anymore. In latest build of MT4 you can drag the lines on your chart.
  • #48,719
  • May 12, 2013 11:07pm May 12, 2013 11:07pm
Quoting Ian V
{quote} You don't need that EA anymore. In latest build of MT4 you can drag the lines on your chart.
Hi Ian V,

The last upgrade I have received is MT4, version 4.00 Build 482 (8 Mar 2013) and I cannot drag lines for pending orders.

Please provide step by step (right click/left click, etc.) instructions on how to grab and drag pending order lines.
  • #48,720
  • May 12, 2013 11:26pm May 12, 2013 11:26pm
Quoting aussie2010
{quote} Allow me TAH to comment from a small investor point of view If i applied "most conservative plan" to last EU short trade : 1- For start i would avoid first 4 trade (personally i add trade 01,02,03 then stopped because of the big Drawdown then i added trade09) 2- The Classic setup breakout entry would be around 1.3141 (same average of PVSRA) but without the Drawdown , And personally i would open more short positions (7 instead of only 4) which would be more profitable as i am protective & trade less positions without SL in PVSRA case. 3-...
aussie2010, that makes two of us.

I know that Sonic does not want to give up using Scouts as "pre-Classic" entries so he can get a better price when he sees both of the necessary volume and PA signals that price is reversing. However, it remains to be seen if such Scout entry levels will always be better than supporting Scout entries after a trade has been opened up with a Classic entry, because once a trend is reversed, and even after a Classic in the direction of the new trend, there are times that SM pulls the price back beyond the Classic EP. Hence, maybe there are enough opportunities for supporting Scouts to accomplish what "pre-Classic" Scouts accomplish, and do it with less risk since by then the new trend is underway.
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