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Sonic R. System

  • #49,761
  • May 27, 2013 10:19pm May 27, 2013 10:19pm
Added another Long GU, same as before due to high activity! News reflect the market only temporarily PVRSA shows MM bulls, well that is!
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There is no spoon....
  • #49,762
  • May 27, 2013 10:21pm May 27, 2013 10:21pm
Added another Short Scout EJ, building my position.

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There is no spoon....
  • #49,763
  • May 27, 2013 11:30pm May 27, 2013 11:30pm
thank You Sonic and all the others that helped us out, great trading system, being following it about 2 months, great result on my demo, just looking for a good broker here in USA, i love this method i a cant to start live
  • #49,764
  • May 28, 2013 12:29am May 28, 2013 12:29am
Hi all, my name is ben and im from singapore. ive been following this thread for some time and i think its time i join in the conversation, by first asking, and hopefully contributing in the future

My first question is with regards to AU. My analysis would indicate that the mms are bulls as volume has been increasing when prices are low, and vice versa. would that be correct? or should i not take that data into consideration as yesterday was a holiday and the volume isnt indicative of mms participating?
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  • #49,765
  • May 28, 2013 1:19am May 28, 2013 1:19am
  •  St3ve
  • | Joined Jan 2013 | Status: Recovering from losses ... | 77 Posts
Quoting traderathome
If I understand you correctly, while in the form of a custom indicator, EP, SL and TP lines can be drawn per orders made in MT4, but there would be no point in "drag and drop" since such would not be able to change any pending MT4 order. On the other hand, if this were an EA, then "drag and drop" would be functional.
You got the point, yes!

Quoting traderathome
This being the case, I would suggest wrapping up the work on the custom indicator, which I suppose was pretty much already complete the way you did it except for my having changed some things in the weekend release. Bring your work and my changes together and I guess that is it.
There is still an additional feature for the SonicR Trade Levels indicator I have in mind which I have already started with. This shouldn't take too long to be done. Because of thursday being an offical holiday in my country, I am looking forward to finish coding and reviewing until then. As soon as I'm done, I will email you the files, so you can diff them and add your changes!

The coding of the EA will take some time, because it isn't that easy as i thought to implement drag and drop for trendlines in MT4.


steve
  • #49,766
  • May 28, 2013 2:09am May 28, 2013 2:09am
GM - TAH has been reminding us to look at several time frames to help in our analysis of the market.

I keep this market profile indicator on my higher TF charts and we can see that the Price Volme Peak is exactly at the the 50% retrace level, so a level to watch. I did this on my lower TF charts and sold as soon as the 1m dragon turned down - again an objective entry and now I wait to see what the London traders do.....
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Trading Levels with WRBs
  • #49,767
  • May 28, 2013 2:35am May 28, 2013 2:35am
hi, i'm a newbie here. been follow Sonic R system for a couple week. maybe its time for me to learn more by posting my thought here. hopefully it can escalate my skill and learn from all of you.

My thought regarding CF. My analysis indicate that MM are BEAR because volume has been rise and the price is low. Is it?
Appreciate your comment. Thanks

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  • #49,768
  • May 28, 2013 2:50am May 28, 2013 2:50am
Quoting SCopier
{quote} Sometimes I check price @ XE.com when market still in Holiday EJ: entered 3th SHORT (too early for 1st and 2nd) {image}
i dont like cross pair more , seems similiar metal pair
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  • #49,769
  • May 28, 2013 3:00am May 28, 2013 3:00am
Quoting traderathome
{quote}UChf Short Trade: Added short #4, Scout. PVSRA: M1 shows price was run up thru 3/4SR followed by high activity, indicating bears seeking higher prices to short. {image}
UChf Short Trade:

Added short #5, Scout. PVSRA: M1 shows the price has been moved to upper whole number area on, and with following heavier trading, indicating London open bears seeking higher prices for shorting. revised SL, TP.
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  • #49,770
  • May 28, 2013 3:21am May 28, 2013 3:21am
PVSRA: Building vs Run for Profits Example

In this example, the two phases come opposite what you'd expect. One would expect "building" and then the "run for profits". This just goes to show you the flexibility of this strategy of the MMs.

Perhaps the two phases should be retitled, with "building" renamed "trade building" and with "run for profits" renamed "trade completing".

In this case, the MMs are starting a new trade and have been engaging again in trade building for two sessions.
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  • #49,771
  • May 28, 2013 3:21am May 28, 2013 3:21am
Quoting traderathome
{quote}UChf Short Trade: Added short #5, Scout. PVSRA: M1 shows the price has been moved to upper whole number area on, and with following heavier trading, indicating London open bears seeking higher prices for shorting. revised SL, TP. {image} {image}
My take on what is occurring:

I can see your reasoning for the short positions, but isn't it still counter to what sonicdeejay suggested?

Technically speaking, it is adding to losing positions, until the classic sonicr indications make an appearance.

I've noticed that whenever the TL is near the dragon, there is a accumulation/distribution phase in progress. Wouldn't it be prudent to wait on the short trade(s) and take the classic sonicr first? Take note of the TL as it draws clear of the dragon, and wait for it to begin its return TO the dragon and cross it.

Also, I choose my primary TP target, but also select secondary targets and take profit when it hits them, then get back in on the pullbacks (when pvsra indicates nothing has changed with the sentiment of the mm's). I understand it costs me some in spread by doing that, but I can't resist putting some of the profits in my pocket along the way, just in case the PA decides it is ready to reverse.

I welcome your critique on my thinking.



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  • #49,772
  • Edited 4:17am May 28, 2013 3:35am | Edited 4:17am
Quoting ArtfulDodger
{quote} My take on what is occurring: I can see your reasoning for the short positions, but isn't it still counter to what sonicdeejay suggested? Technically speaking, it is adding to losing positions, until the classic sonicr indications make an appearance. I've noticed that whenever the TL is near the dragon, there is a accumulation/distribution phase in progress. Wouldn't it be prudent to wait on the short trade(s) and take the classic sonicr first? Take note of the TL as it draws clear of the dragon, and wait for it to begin its return TO the...
PVSRA: Trade Only Runs for Profits?

ArtfulDodger,

I was thinking the same thing about my entries being opposite the goal, which was to trade the run for profits phase. So I just posted on it, just above your post.

What happened here is my first entry was on the presumption of a continued run for profits, and then on the presumption that the higher pullbacks were just due to light day trading due to bank holidays. But with the bank holidays over, the MMs got really frisky and pumped the price even higher, but still showing themselves as bears.

I think what this might be telling us is that even with good intentions to trade only the run for profits phase, this sort of thing can happen because we cannot restrict the MMs to being so uniform as to accomodate our own thinking. It might be saying that the MMs might intermix both stepping up prices to attain highs for selling as well as moving prices down and favoring the pullbacks when doing so. It might be saying that in the end we need to trade as they do and be prepared either way, drawdowns not withstanding, because we cannot control what the MMs do. They are not going to make things nice and neat for us!

This example might be a Godsend, telling us to sell highs if the MMs are selling highs, and to buy lows if the MMs are buying lows. Don't worry about if the MMs are in a building mode or a run for profits mode because by the time one mode truly reveals itself to be one or the other, the MMs might have already switched again.

I think what this is saying is that busting drawdowns is the name of the game in the market, and we have to get gamey with the MMs and stick it out with them. They aren't going to be neat and orderly in what they do. So, we have to be prepared,....in for a pig, in for a poke.

In a way, I am glad this happened. It points out that it can happen. And now the thing to do is to determine what is/was the proper way to handle it. So far, price is just ranging within a range of about 100 pips, so any "drawdown damage" is negligible. You see, I am terrible at predicting which way price is going, so I feel more confident just trading as I see the MMs trading, no matter which way the price is going, or if the price first goes the right way and then not the right way, and maybe then back to the right way. So far that is working fine for me, and it takes me out of having to have a bias and out of being in the "predicting" game.

Just using PVSRA to ride the coattails of those entities that move prices in the market, wherever it leads. This is not so nice as we'd like it to be, but it might nevertheless be the best solution overall. I am still game to try and trade only the "run for profits", but this is an example of how difficult that might turn out to be in the real world.
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  • #49,773
  • May 28, 2013 3:45am May 28, 2013 3:45am
TAH What do you think about this analysis? Thanks
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Newbie trader
  • #49,774
  • May 28, 2013 3:53am May 28, 2013 3:53am
Quoting fex
TAH What do you think about this analysis? Thanks {image} {image}
I am not even going to look at EG. PVSRA has painted both bullish, so why bet on one against the other?
  • #49,775
  • May 28, 2013 3:56am May 28, 2013 3:56am
Quoting Islander
GM - TAH has been reminding us to look at several time frames to help in our analysis of the market. I keep this market profile indicator on my higher TF charts and we can see that the Price Volme Peak is exactly at the the 50% retrace level, so a level to watch. I did this on my lower TF charts and sold as soon as the 1m dragon turned down - again an objective entry and now I wait to see what the London traders do..... {image}
Islander, that market profile histogram indicator located on the left hand side of the chart looks interesting.

What is it called exactly?
  • #49,776
  • May 28, 2013 3:57am May 28, 2013 3:57am
Quoting fex
TAH What do you think about this analysis? Thanks {image} {image}
In reference to your second chart (EU/GB M15), couldn't those volume increases at the lows (when the TL hasn't really committed to one side or the other in relation to the dragon) be indicative of small reversals with no clear indication as to whether it is bull or bear?

Granted, you can surmise that one direction may show more likelyhood of being the right direction, but it's still early until the TL shows it's hand.

If you look back just a little to the high near the 00 line, the price has generally begun to fall, which to me would indicate that the bears are on the horizon.



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  • #49,777
  • May 28, 2013 4:11am May 28, 2013 4:11am
Quoting figgsey
{quote} Islander, that market profile histogram indicator located on the left hand side of the chart looks interesting. What is it called exactly?
Its Market_Statistics_v5_0 and I posted it a couple of weeks ago. Click on the blue paper clip on the top right of each page and look 2 / 3 pages back in the File Attachments....

I closed that early €J sell that I took got for a few pips after the 1 min HL. As Sonic reminds us, entries before the London Open are less reliable.

Here, UJ also had an hourly PVP level and 50% retrace around its 102.25 level which it has now hit, pulled €J up to its 132 level and I sold there after a 1m head & shoulders at that level...
Trading Levels with WRBs
  • #49,778
  • May 28, 2013 4:18am May 28, 2013 4:18am
traderathome, would you consider swapping the colors of the
00 level line and the 50 line?

To my eye, the green seems to stand out more than the blue line which
plants the idea in my brain that the green line is the 00 for some reason.

I know that may sound crazy, but that's apparently how my feeble brain operates!



EDIT: disregard my request...I see now that it is swapping back and forth.....maybe
it would be better to lock in on the colors where they are always the same?
  • #49,779
  • Edited 4:37am May 28, 2013 4:22am | Edited 4:37am
Quoting ArtfulDodger
traderathome, would you consider swapping the colors of the00 level line and the 50 line? To my eye, the green seems to stand out more than the blue line whichplants the idea in my brain that the green line is the 00 for some reason. I know that may sound crazy, but that's apparently how my feeble brain operates!
That is an external input, so you can change the colors yourself. Or, just reduce the thickness of the green line to make it less prominent. Or increase the thickness of the blue line to make it more prominent. Or......


........have another glass of scotch!
  • #49,780
  • May 28, 2013 4:23am May 28, 2013 4:23am
@ TAH
Thanks, then I understand my analysis is correct.

@ArtfulDodger
But if I wait for TL indicate the direction it may be too late for a scout, right? Supposedly PVSRA system allows anticipate the intentions of the MM ... In any case it may be too soon ...
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