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Sonic R. System

  • #48,861
  • May 14, 2013 11:14am May 14, 2013 11:14am
Quoting AYard
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...
Seriously? ouchhhhh...that hurts.. but we don't know balance, equity an so on.. this 13 500 pips are nothing if you have 10 000$ balance.. 0.01 lots and 13 500 pips, it's about 1080$... so your risk is about 10% of your account.. it's normal, but near the max loss.. I think..
Whatever is obvious is obviously wrong!"
  • #48,862
  • May 14, 2013 11:14am May 14, 2013 11:14am
Hi sonic, TAH and all other sonicers.i have been following this thread for a couple of months and this is my first post.
I will start by saying a quick thank you to most people involved for a great educational thread.
I would just like to submit an idea with regards the scout trade.
Could we not plan the trade from start to finish.eg once we know if MM are bulls or bears, plan all scouts at historic SR levels or 1/2 /full no or 50% fib,
and stop losses at a comfortable risk tollerence ,thus knowing our total risk and maybe stop us adding so many scouts on the way.
Short trade example below.(A very basic example)obviously price would have to go against our initial entry and show bearish PVSRA on the way up.
The risk here is about 400 pips
Attached Image (click to enlarge)
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This idea was born because i am not able to get the screen time at the correct times, although I can monitor trades.

I understand there may be issues with this idea such ad RR and sonics ethos of "trade what the market gives out, don't try and predict it"?

Just an idea I had and wanted to share, i have not had chance to try it as it is a recent strategy
Be gentle in your reply:-)
Thanks
  • #48,863
  • May 14, 2013 11:23am May 14, 2013 11:23am
Quoting Islander
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....
Chart now below.....I was outherwise occupied and whilst my 1m scout sell was there to be taken, as I mentioned at the time, it was against both the 5m & 15 m dragons - and I paid the price!

The buy signals were also there, but as I was long €J and busy, I didn't take the buys as UJ kept pulling back to the upward sloping dragon....I hope some others did
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #48,864
  • May 14, 2013 11:25am May 14, 2013 11:25am
Quoting AYard
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...
lol Get a life mate, im happy with a results!!
Price Is The Best Indicator Itself.
  • #48,865
  • May 14, 2013 11:28am May 14, 2013 11:28am
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}
I forgot to ask at the time - OK, so you're long EJ.....BUT, where was your entry and WHAT was your reasoning?? -- That's what people need to hear.....

Oh BTW - nice pips
Trading Levels with WRBs
  • #48,866
  • Edited 12:17pm May 14, 2013 11:30am | Edited 12:17pm
Quoting AYard
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...
YEN Pair Trades

MY YEN pair trades are now completed, as regards building the positions. AJ was the first, so it has not been mentioned most recently. I added this week to complete EJ and UJ. GJ was completed last week.

Stats certainly flucuate, but at this writing the pips down approximate.....
AJ - 7,252 (4.2 days to BE based on average range)
EJ - 17,055 (9.1 days to BE based on average range)
GJ - 3,689 (1.3 days to BE based on average range)
UJ - 1,152 (1.5 days to BE based on average range)

EJ pips down is large compared to others due to several very, very old trades still on the books. This brings up another point too, which is that the greater part of all of the components of these trades predate PVSRA, which make analyzing AJ and EJ, in particular, totally inappropriate as a measure of the effectiveness of PVSRA.

PVSRA has worked well on all major pairs under all the market conditions for over six weeks now. In fact, my returns using PVSRA has further removed from any concern these YEN trades.
http://www.forexfactory.com/showthre...60#post6672860

The one thing in trading we can never know is when SM is going to initiate a reverse "run for profits". We can, however, determine if SM is a bull or bear. PVSRA continues to indicate, in spike of ongoing price pumping (and the banks are a huge price manipulator of YEN pairs right now), that SM is a bear. The primary PVSRA feature here is that the analysis on any YEN pair, at any time there is a pump, clearly shows the higher trading activity follows the bulk of the pump. It is very obvious the banks (and any other segment of "SM" participating in this) are pumping prices to get buyers involved, and when the longs start coming in, the banks/SM resume heavy selling.

Setting aside all trades involving components that predate PVSRA, PVSRA works and it works very well. Yet, there continues to be concerns raised over drawdowns, as though it is a feared story passed down from generation to generation and is something to be avoided at all costs. I said this at some point over the past six weeks, and I will say it again, ........Learn to embrace drawdowns, not fear them! No, I am not saying intentionally attempt to create big drawdowns, just consider them the same thing as the "start up" expenses any new business must endure. If you are trading sensibly, sometimes drawdowns will occur as SM pulls back prices to load up, and that is where you should be adding too, drawdown or no drawdown. That is my opinion.

Those that have issues with drawdowns of others, shouldn't trade like those others. Those that understand how the market works to take money from others, and have learned that drawdowns are nothing more than a real-time meter showing the attempts by the market to do just that, will lose their fear of drawdowns and will get on with the business of riding the coattails of SM.
  • #48,867
  • May 14, 2013 11:36am May 14, 2013 11:36am
Out at atr top for 41 pips gain


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}
  • #48,868
  • May 14, 2013 11:37am May 14, 2013 11:37am
Quoting Redddz
{quote} lol Get a life mate, im happy with a results!!

I was talking to the organ grinder , not the monkey
  • #48,869
  • May 14, 2013 11:50am May 14, 2013 11:50am
EURUSD after London short trade

tp1 1.293
Attached Image (click to enlarge)
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Be coherent with your strategy
  • #48,870
  • May 14, 2013 11:51am May 14, 2013 11:51am
Quoting AYard
{quote} I was talking to the organ grinder , not the monkey
the monkeys you should talk to! that what i said, get a life and crawl back to the jungle where you belong!!

humans quote who they talk to.
Price Is The Best Indicator Itself.
  • #48,871
  • May 14, 2013 11:59am May 14, 2013 11:59am
Hi islander,

My entry is the white line sir, 132.190, if I don't mark it white line professor tah yells at me
The reasoning is ; To be honest I was still long ej bias and waiting for price to come down to long it.It came down today around 1h dragon but couldnt break it, when you look at the 4h chart it doesnt seem like a short too , so when my little adx gave a signal over 25 and I saw price rising it was the time to long it, when you check macd cci adx it was all long, actually I was late because wasnt around computer when it started So this is an amateurs luck ) Ang got out when price hit daily atr top with 41 pips gain.

I admire your posts by the way, keep them coming
Attached Image (click to enlarge)
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  • #48,872
  • May 14, 2013 12:05pm May 14, 2013 12:05pm
You owe me 100 bucks for this signal zakopiec or a prayer at the church or mosque this sunday

Quoting zakopiec
{quote} THX
  • #48,873
  • May 14, 2013 12:15pm May 14, 2013 12:15pm
Quoting Redddz
{quote} the monkeys you should talk to! that what i said, get a life and crawl back to the jungle where you belong!! humans quote who they talk to.
I wrote a post posing a question to the person who put this system together, you posted a stupid attempt at an insult . That makes you look dumb . You continue to support that view.

You will note TAH responded in detail giving facts and figures in support of his outlook and without emotion. Education v Stupidity

Thanks for the reply TAH, some of the most successful traders have the courage to stay with their conviction . I am not challenging the logic , only examining what there is different in terms of PVSRA around the later entries that proves to be the decisive event as far as a turning point is concerned and how that could be used to finesse entries.
  • #48,874
  • May 14, 2013 12:30pm May 14, 2013 12:30pm
[quote=totty23;6678946]{image}this 26 level has been 'maintained' by MM so far, perhaps a run under the whole # will turn the NZD around. news. {image}[/quote

98 long
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  • #48,875
  • May 14, 2013 12:42pm May 14, 2013 12:42pm
Quoting Redddz
{quote} lol Get a life mate, im happy with a results!!
  • #48,876
  • May 14, 2013 12:43pm May 14, 2013 12:43pm
Quoting okanemici
Hi islander, My entry is the white line sir, 132.190, if I don't mark it white line professor tah yells at me The reasoning is ; To be honest I was still long ej bias and waiting for price to come down to long it.It came down today around 1h dragon but couldnt break it, when you look at the 4h chart it doesnt seem like a short too , so when my little adx gave a signal over 25 and I saw price rising it was the time to long it, when you check macd cci adx it was all long, actually I was late because wasnt around computer when it started So this...
Thanks - that's where I too would have taken an entry off the 15m chart. My 5 min gave me a buy signal at 131.90 using the same criteria
Trading Levels with WRBs
  • #48,877
  • May 14, 2013 12:44pm May 14, 2013 12:44pm
  •  St3ve
  • | Joined Jan 2013 | Status: Recovering from losses ... | 77 Posts
Quoting traderathome
{quote} YEN Pair Trades
Thank you TAH for this honest post about your current drawdown. I'm following this thread since the beginning of the year and your - I call it "improvement" - of the Sonic R System absolutely changed my account balance.
Before starting to trade with PVSRA I lost 2 live accounts. Everything I tried failed hard - until you showed me how to do it the right way.

I managed to accomplish a +30% account balance increase in only a few weeks. I also have to hold out the current drawdown on the yen pairs, but I'm very comfortable with my money management - the current drawdown is about 10% at maximum.
So even if I have to close all those trades in big red, I would still be up by 20%.

At least for me, there is no difference in having multiple trades open at once for a longer time with 10% drawdown or having 5 trades hit their SL with 2% each.

I will continue to read all your posts with greatest attention and interest and I am absolutely assured, that PVSRA is the right way ... at least for me :-)


greetings,
St3ve
  • #48,878
  • May 14, 2013 12:56pm May 14, 2013 12:56pm
AU - MMs starting to add longs?

In the last hours the volume is getting higher at the bottoms, just after crossing 0.99. I think this could be the first signal about MM's closing shorts and adding longs. It's too soon to start building position for me, but imo this is a initial signal. From my previous experience, never there is only one signal, so let's wait. But it's time to put AU into the radar to start thinking in longs.

Prof, your thoughts?

Best, Tymedu.
Attached Image (click to enlarge)
Click to Enlarge Name: aud.jpg Size: 154 KB
To fail is just an opportunity to learn
  • #48,879
  • May 14, 2013 1:05pm May 14, 2013 1:05pm
Quoting AYard
{quote} I was talking to the organ grinder , not the monkey


I don't mean this response to be aimed at EITHER party involved. I'm well familiar with
how volatile things can get in a public forum such as this.

I just had to say, this response made me laugh out loud!!!!! I don't know why exactly,
but it just cracked me up.

Ok, return to your corners. We await the bell for the next round.
  • #48,880
  • May 14, 2013 1:33pm May 14, 2013 1:33pm
Yes, I saw from your posts that some of my entries match yours too

Quoting Islander
{quote} Thanks - that's where I too would have taken an entry off the 15m chart. My 5 min gave me a buy signal at 131.90 using the same criteria
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