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Sonic R. System

  • #48,841
  • May 14, 2013 7:24am May 14, 2013 7:24am
Thank you professor, it is more clear now but this forex is like aikido.When you think you learnt it and blink your eyes , a boxer comes and punch you in the face , then you go practice an other 5 years an nothing changes much Wish you make a visual sm bull sm bear indi so we can blink

Quoting traderathome
{quote} GU: Look at my chart, which shows what I see thru the eyes of PVSRA.... 1. The SonicR short setup exploded out of the gate. SM is a bear. 2. Now SM is attempting to restore the price back higher. Note the green as SM got the price up to/thru the whole number. That increased volume at that SR indicates SM is a bear. 3. So, I am stalking to build my position larger by adding another Scout short in the SR (black line) area if SM gets the price up there. 4. And if SM gets the price up there, and then moves price even higher, so long as PVSRA...
  • #48,842
  • May 14, 2013 7:31am May 14, 2013 7:31am
Quoting loeil
{quote} Hi Islander, can I ask you, how did you choose your EP point? It's seems brilliant place {image}
I noticed that the 102 area had held again as a LH and that the 1m dragon had already rolled over and the 5 min also turned down in the 18:55 / 19:00 candles, so the entry was the break of the close of the 19.00 candle - the small red one. An objective entry There were two buy opportunities after I closed, at the open of the 8:15 gmt candle ( IMO too early ) and then at the open of the 09:30 candle, when I had gone out.

My dragon's centre line is using the AllAverages indicator, which changes colour according to its slope
Trading Levels with WRBs
  • #48,843
  • May 14, 2013 7:35am May 14, 2013 7:35am
Quoting Islander
{quote} I noticed that the 102 area had held again as a LH and that the 1m dragon had already rolled over and the 5 min also turned down in the 18:55 / 19:00 candles, so the entry was the break of the close of the 19.00 candle - the small red one. An objective entry There were two buy opportunities after I closed, at the open of the 8:15 gmt candle ( IMO too early ) and then at the open of the 09:30 candle, when I had gone out. My dragon's centre line is using the AllAverages indicator, which changes colour according to its slope
Thanks
Whatever is obvious is obviously wrong!"
  • #48,844
  • May 14, 2013 7:56am May 14, 2013 7:56am
Quoting sonicdeejay
managed to squuze abt 70 pips fr slide.. later fellas,, I m busy.. Sonic {image}


Glad to hear sonikers are piping good as well...


Inserted Video



Sonic
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  • #48,845
  • May 14, 2013 8:14am May 14, 2013 8:14am
I grabbed a late buy and squeezed out a few pips after the Import Prices data made the MMs a bit frisky.

The exit was after the 1 min / 5m charts got extended and the 1m put in a bearish harami LH - high volumes on all three charts.....

Then I waited for the 1m dragon to flatten and turn down and sold after the first 1m close < mauve dragon line.....this is an early scout as both the 5m & 15m charts still have positive dragons.....
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #48,846
  • May 14, 2013 8:16am May 14, 2013 8:16am
Quoting jasakreatif
{quote} any support broke , here ya go free jump till november , hope someone catch this. {image}
most of the time.. i see my chart like this as a minus , but this one , till november..

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  • #48,847
  • May 14, 2013 9:07am May 14, 2013 9:07am
PVSRA, AU

Building a short position on this. Looks like "stopping volume" at last low, so SM is probably going to push price upwards to coax in longs so it can add more shorts as the price goes higher. Fibo 38-50 retrace area may be where pump ends and next opportunity to add short.

You can see on M1 that when SM got the price up to the 1/4SR they promptly took advantage with strong selling. So, the question is whether or not SM will continue the pump towards the half number SR for even better shorting.

Stalking.
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  • #48,848
  • May 14, 2013 9:19am May 14, 2013 9:19am
Quoting traderathome
AU: Building a short position on this. Looks like "stopping volume" at last low, so SM is probably going to push price upwards to coax in longs so it can add more shorts as the price goes higher. Fibo 38-50 retrace area may be where pump ends and next opportunity to add short. Stalking. {image}
I have had a limit order waiting at .995 for a while, I had an order at .9975 for two units that got touched then went shooting down. Now protected with in the money stop and hope for this retrace to grow position. Bliss. I intend to run this until evidence of a turn emerges, protecting with in money stops along the way and perhaps harvest any ranging action as it happens once core position built.

Attached Image (click to enlarge)
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Similar orders running for EU to catch any pull back
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #48,849
  • May 14, 2013 9:36am May 14, 2013 9:36am
GU:

SM took price up to center of historic consolidation SR area, which also happened to be the FR 50% level, which also happened to be the culmination of the established Bear Channel, which now happens to be broken.....
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  • #48,850
  • May 14, 2013 9:49am May 14, 2013 9:49am
PVSRA, UJ

This is the fourth time in two days that SM has pumped the price up to the whole number area. This time, look at PVSRA on M1. Not quite thru,....yet, but good increase in trading here! Also, take note of the volume today at the low vs this high.....
Attached Image(s) (click to enlarge)
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  • #48,851
  • May 14, 2013 10:02am May 14, 2013 10:02am
I'm long ej, am I crazy ? I think not ,let's see, will try to bring my stop to be Probably they won't reverse this before 138 !


Quoting traderathome
PVSRA, UJ This is the fourth time in two days that SM has pumped the price up to the whole number area. This time, look at PVSRA on M1. Not quite thru,....yet, but good increase in trading here! Also, take note of the volume today at the low vs this high..... {image} {image}
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  • #48,852
  • May 14, 2013 10:21am May 14, 2013 10:21am
I bailed out of my long UJ scout for -15 after the LH at the DP failed to hold and the 1m dragon joined its elder brothers heading up. Whilst there are again some sellers at the 102 level, so far their PA is IMO not yet convincing and its tme for Europe to close. Chart to follow, but I'm busy right now....
Trading Levels with WRBs
  • #48,853
  • Edited 10:32am May 14, 2013 10:21am | Edited 10:32am
Quoting traderathome
PVSRA, UJ This is the fourth time in two days that SM has pumped the price up to the whole number area. This time, look at PVSRA on M1. Not quite thru,....yet, but good increase in trading here! Also, take note of the volume today at the low vs this high..... {image} {image}
Boss,,


I hope u r not adding any more short..



Do u see old lady or young??

This is true to chart reading as well... We tend to see what we really want to see..
This is always 2 sides in a coin...

Even though how much we are sure,, we can't be 100% sure..We will be considered darn good if we can hit 99%, but as it says so, we can get wrong 1% too...

This is where SL aka disaster prevention come in..

Attached Image




Sonic
  • #48,854
  • May 14, 2013 10:24am May 14, 2013 10:24am
May I recommend a scout short for this mr. gold
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  • #48,855
  • Edited 10:54am May 14, 2013 10:29am | Edited 10:54am
Quoting sonicdeejay
{quote} Boss I hope u r not adding any more short.. Sonic
Master Sonicdeejay,

Be assured that I am not. I have completed building. Now it is time to rest and wait.

The YEN Sting (and the Banks Stink), and the banks are holding up prices to coax in more longs so they can either continue their exit from longs at maximum profits, or for those already out from under their longs so they can build short at prices assuring maximum future profits.

The current PVSRA on YEN pairs continues to indicate that SM is a bear now. The hammer will fall. It is only a question of when, and that is the one thing we can never know in trading. I still place better than even odds that the hammer will fall with a gap down that opens a new week, and the price will just fall from there. There will be no looking back as longs get slaughtered.

When the hammer does fall, I'll make enough to retire! I've been thinking of taking up trading the forex market as something to do then.
  • #48,856
  • May 14, 2013 10:42am May 14, 2013 10:42am
Stop ej I want to hop off, easy Just an amateur luck


Quoting okanemici
I'm long ej, am I crazy ? I think not ,let's see, will try to bring my stop to be Probably they won't reverse this before 138 ! {quote} {image}
  • #48,857
  • May 14, 2013 10:43am May 14, 2013 10:43am
Our mr.gold gone crazy

Quoting okanemici
May I recommend a scout short for this mr. gold {image}
  • #48,858
  • May 14, 2013 10:45am May 14, 2013 10:45am
Entered short on pullback to green candle (black arrow) Entry on green arrow.

Lets see...


Regards,

H.
Attached Image (click to enlarge)
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"The future is already written in the past"
  • #48,859
  • May 14, 2013 10:45am May 14, 2013 10:45am
Quoting okanemici
May I recommend a scout short for this mr. gold {image}
THX
  • #48,860
  • May 14, 2013 10:54am May 14, 2013 10:54am
Holy grail or Sideways market bully ?

This is likely to generate a highly emotional response but I wondered , Isn't there a concern that the "success" attributed to the PVSRA is actually just a result of choppy sideways markets , and in the markets where the trend is established the system gets mauled.

By my count the drawdown on the Yen pairs should be something like this , I noted in recent posts about drawdown that only GJ and UJ get mentioned but what happened to AJ and EJ


AJ = 12 Short trades - 1200 pips

GJ = 17 Short trades - 3400 pips

EJ = 15 Short trades - 7500 pips ? Hard to tell exactly as I can't see the average price but up to No11 entries are as low as 124

UJ = 8 Short trades -1400 pips

http://www.forexfactory.com/attachme...1&d=1368495626
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