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Sonic R. System

  • #48,941
  • May 15, 2013 9:20am May 15, 2013 9:20am
Quoting Cheng
Hi Sonic, I have been trying out your strategy. I just tested this in my demo account on AUD/USD. I have a screen shot here: http://www.mql5.com/en/charts/279565...fxdirectdealer Apparently I followed your rules to enter after the candle finishes after it went out of the dragon. I set the stop loss above a recent high but I have just been stopped out and the price looks to be falling again.. May I know what did I do wrong? I'm very new here. I have been reading your post from page one. Now still in the midst of reading the thread....
feel free to upload your charts here. I cant see clearly where you shorted exactly. There is no proper wave in London session to entry for me. It might be a scout, but it was too late anyway. I have marked good PA for you. And you should paint your charts in near the same manner
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Be coherent with your strategy
  • #48,942
  • May 15, 2013 9:20am May 15, 2013 9:20am
Quoting Islander
I know its a bit early to worry about it but do you all realise how unbearable TAH is going to be when this finally delivers on those Yen shorts? Agreed and its a great lesson in sphincter control
the yen have been move more than 300pips brother , need another nfp next month to shut it down..
  • #48,943
  • May 15, 2013 9:45am May 15, 2013 9:45am
Quoting Islander
{quote} The high was at the 1.382 fib expansion off my 4 hr chart, also a **75 level..... The rally up off the MR 1 area was on dollar strength as seen in both € and Swissy. Now at last the 5m dragon has turned down and the 15m is flattening, so I'll be "allowed" to add another position on any pull back....assuming I don't see any more buying off yesterday's high...a 50% retrace is at 102.55.... Edit: chart updated.... {image}
Sir, when you found some free time can you please answer my prev. question, thanks
http://www.forexfactory.com/showthre...06#post6678906
  • #48,944
  • May 15, 2013 10:02am May 15, 2013 10:02am
Quoting jasakreatif
i'll take entry at green line .. {image}
at here , maybe BE there


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  • #48,945
  • May 15, 2013 10:39am May 15, 2013 10:39am
another marathon session with nzd/usd. this did manage a low overnight below the 75 and just punched thru the half # at its high this morning.
one position remaining which is very dependent on this potential Dragon working out, does it meet any criteria?
only trade full lots as my platform dosn't do micros as far as i know. keeps you real.
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  • #48,946
  • May 15, 2013 10:54am May 15, 2013 10:54am
Hi Cheng you are only late that's it.Because 0.9860 was the daily atr low Moreover audusd is at its lows it is about to have a reversal .Try also on other pairs you will be fine.As a reminder keep an eye on the 1h dragon too when you enter a trade.

Good luck.

Quoting Cheng
Hi Sonic, I have been trying out your strategy. I just tested this in my demo account on AUD/USD. I have a screen shot here: http://www.mql5.com/en/charts/279565...fxdirectdealer Apparently I followed your rules to enter after the candle finishes after it went out of the dragon. I set the stop loss above a recent high but I have just been stopped out and the price looks to be falling again.. May I know what did I do wrong? I'm very new here. I have been reading your post from page one. Now still in the midst of reading the thread....
  • #48,947
  • May 15, 2013 11:00am May 15, 2013 11:00am
PVSRA, YEN Pairs

PVSRA has been indicating for some time that SM was a bear. Now we are starting to see more signs of it. UJ got the best pump over the past two days, so I show it as an example (pic 1).

SM drove price above half number SR and heavily shorted. Twice they did this. The second Pump & Dump was followed by a "No holds barred" strong selloff! Now, SM is hiking the price back up on as little volume (expense) as possible to reclaim higher ground for resumed selling.

EJ is much weaker now, also (pic 2).

This was the mid-week London session. So, with a truly clear demonstration in PA by SM that they have a bear side now, what will happen in the next two days? Moreover, what will happen at the open next week,.....the YEN Sting?

PVSRA rules!
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  • #48,948
  • Edited 11:37am May 15, 2013 11:18am | Edited 11:37am
GU, SM Bull or Bear?

PVSRA has been, for some time now, indicating SM is a bear, with constant price hikes followed by higher levels of trading, followed by selloffs. So, here is another view of what happened today.

The Day chart shows GU is at a significant level, and in truth it has hardly just begun to fall out of the Bear Channel. A lot more downside could be in store for this pair. If so, naturally SM will want to load up with more shorts. More shorts means more profits when they start the next "run for profits". Unfortunately, not even SM can simply put in massive orders for shorts and expect to get them instantly filled. The market makers must go to work, swing prices around, coax in longs and match SM's short orders (above whole number) to them!

Note the PVSRA clue on the M15 chart,......the highest trading is associated with the highest price of the day (above half number SR, right up to previous local SR), and from which there followed a heavy selloff. My bet is the second strong selloff that drove price below the whole number was intended to coax other shorts into the market, so SM could promptly SL them out within the next two hours, netting SM even more attractively priced shorts!

This is not a case of "....gee, but too late to use the information now!..." It is a case of PVSRA continuing to tell us that SM is a bear. How we use that information to strategize is up to us.
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  • #48,949
  • May 15, 2013 11:28am May 15, 2013 11:28am
Quoting traderathome
PVSRA, YEN Pairs PVSRA has been indicating for some time that SM was a bear. Now we are starting to see more signs of it. UJ got the best pump over the past two days, so I show it as an example (pic 1). SM drove price above half number SR and heavily shorted. Twice they did this. The second Pump & Dump was followed by a "No holds barred" strong selloff! Now, SM is hiking the price back up on as little volume (expense) as possible to reclaim higher ground for resumed selling. EJ is much weaker now, also (pic 2). This was the mid-week London session....
Thank you it is excellent lesson for me about the yen pairs
  • #48,950
  • May 15, 2013 11:48am May 15, 2013 11:48am
I'm not yet convinced that Mr Market is ready to be a buyer of Yen ( i.e. sell UJ )

There has been a 25 day consoldation in the 97 to 100 zone which we can NOT - IMO - YET rule out as being accumulation for a continued rally - only a confirmed break below that zone will tell us.

Meanwhile, we have seen a typical pull back to the 102 area - an area that another volume methodology tells us to expect to be re-visited - I mean Market Profile / Auction Market Theory as shown by the cumulative volumes related to price on the right side histogram. The next area to be re-visited is the 100 to 101 area, which will suggest other more precise levels.

The ultra high volumed red hammer at this afternoon's low, followed by considerable buying in the next green candle - thus a harami pattern - makes a case for a further move up.

As allways, Time Will Tell and I hope for those short followers that there is a fast drop down to that consolidation zone with its fibonacci retracement levels.

For my own intra day swing trading of the 1m / 5m / 15m dragons it makes no difference as I try to take what Mr Market offers during my chosen trading times.
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Trading Levels with WRBs
  • #48,951
  • May 15, 2013 12:23pm May 15, 2013 12:23pm
Quoting traderathome
GU, SM Bull or Bear? PVSRA has been, for some time now, indicating SM is a bear, with constant price hikes followed by higher levels of trading, followed by selloffs. So, here is another view of what happened today. The Day chart shows GU is at a significant level, and in truth it has hardly just begun to fall out of the Bear Channel. A lot more downside could be in store for this pair. If so, naturally SM will want to load up with more shorts. More shorts means more profits when they start the next "run for profits". Unfortunately, not even SM...
bravo prof tah.
Price Is The Best Indicator Itself.
  • #48,952
  • May 15, 2013 12:51pm May 15, 2013 12:51pm
Quoting AYard
{quote} I was talking to the organ grinder , not the monkey
this one is funny english idiom.
used correclty in such situations.
  • #48,953
  • May 15, 2013 1:38pm May 15, 2013 1:38pm
Quoting traderathome
PVSRA, YEN Pairs PVSRA has been indicating for some time that SM was a bear. Now we are starting to see more signs of it. UJ got the best pump over the past two days, so I show it as an example (pic 1). SM drove price above half number SR and heavily shorted. Twice they did this. The second Pump & Dump was followed by a "No holds barred" strong selloff! Now, SM is hiking the price back up on as little volume (expense) as possible to reclaim higher ground for resumed selling. EJ is much weaker now, also (pic 2). This was the mid-week London session....
I only can say CHAPEAU prof! Totally agree and a great lesson about how PVSRA works, really useful!
To fail is just an opportunity to learn
  • #48,954
  • May 15, 2013 6:02pm May 15, 2013 6:02pm
Hello,
Long entry on GbpUsd.
SonicR Classic... and volume on lows (round numbers).
comments apreciatted...
Green pips to all.
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If you don't know how to earn money, don't loose it.
  • #48,955
  • Edited 6:48pm May 15, 2013 6:13pm | Edited 6:48pm
AU Short Trade:

Entered short trade #1, Scout. M15 PVSRA shows price bottomed yesterday around half number then whipped up to whole number, with the two highest activity bars yesterday being for those times price spiked above the whole number. This indicates SM remains bears. Perhaps they stopped shorting just above half number, placed more short orders above the upper whole number, and let the market makers work the price back up for them, to fill those higher placed short orders. It is entirely possible come next London session the price will again go above the upper whole number. If it does, and if PVSRA continues to indicate SM are bears, I intend to add to this short trade up there.

Edit (30 minutes later):
Added short trade #2, Scout. Per above. (pic 2)
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  • #48,956
  • Edited 6:52pm May 15, 2013 6:22pm | Edited 6:52pm
Quoting coolmakina
Hello, Long entry on GbpUsd. SonicR Classic... and volume on lows (round numbers). comments apreciatted... Green pips to all. {image}
GU, SM Bulls or Bears (Continued)

coolmakina,

Either you did not read my post just a few above, or you have chosen to ignore it. Apparently, you have also chosen to ignore the high levels of trading at the more recent highs around the start of the new day.

As for this being a Classic trade, the Dragon is flat and the time is well before the London session. Yes, sometimes an early Asian session setup will run well, but most of the time they don't. In this case, with the flat Dragon, there simply is no momentum for a Classic, either way at this time.

Yes, at any time price can go in either direction. For now, PVSRA indicates SM is still a bear. I hope this works out for you, though. Maybe SM will hike the price to better shorting grounds, and your long will be okey during such a move up.

Finally, do not forget to consider M1 in your analysis when including the analysis of volume relative to S&R. The M1 chart shows plenty of examples where price has reached above the 1/4SR and trading activity then increases on upwards volume thrusts.

Personally, I am looking to see if SM gets price above the upper half number to possibly add to my short trade.
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  • #48,957
  • May 15, 2013 7:30pm May 15, 2013 7:30pm
Quoting jasakreatif
{quote} at here , maybe BE there {image}
25pips so far

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i drop some stuff for you , i draw this my self so please worth it

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  • #48,958
  • May 15, 2013 7:45pm May 15, 2013 7:45pm
Quoting Islander
For my own intra day swing trading of the 1m / 5m / 15m dragons it makes no difference as I try to take what Mr Market offers during my chosen trading times. {image}
i want the RUm !

Inserted Video
  • #48,959
  • May 15, 2013 8:52pm May 15, 2013 8:52pm
EU Short Trade:

Entered short trade #1, Scout pending short order at local SR was previously executed.
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  • #48,960
  • May 15, 2013 9:20pm May 15, 2013 9:20pm
Quoting Islander
I know its a bit early to worry about it but do you all realise how unbearable TAH is going to be when this finally delivers on those Yen shorts? Agreed and its a great lesson in sphincter control
TAH Unbearable? Give the Bear a Hug.

Ha, ha. TAH is not the focus, at least TAH should not be the focus.

The Sonic R. System, fundamentally a price action method, works. This is proven by the fact it has been around and adhered to by traders a lot longer than PVSRA has been around. The analysis that is PVSRA is perhaps simply the culmination of years of using volume with the Sonic R. System and years of using S&R with the Sonic R. System. It is a unique way of using volume (notable changes in levels of trading) and important S&R areas (whole, half and quarter number levels, and other levels at times) in the overall analysis of pure price action.

TAH is not the focus. PVSRA works. How anyone chooses to use the "Bull or Bear" market indications from PVSRA to improve their use of Classics and Scouts is up to them. Even whether or not to use PVSRA is up to them. Personally, I will continue with the PVSRA project, and continue it with transparency via real-time trades that use it. It so far seems that PVSRA is just to much of a breakthru in trading analysis to do otherwise.

-tah
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