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Sonic R. System

  • #49,841
  • May 28, 2013 4:55pm May 28, 2013 4:55pm
Quoting okanemici
Professor, you are totally wrong for telling me "You are totally wrong" Below is my scout short and sonic r short gbpusd at the beginning of the week.Plus an other attached is your longs and my ep and tp1 ! Go figure yourself.Looks like your PVSRA is not and can not be right all the time. If we compare some of my posts and some of your posts let me tell you, my posts look more polite to mankind.At least I show respect to opinions and don't yell at people when they have an other opinion then mine.All due respect to your efforts, this is...

Oh dear, u told me off, now TAH told you off, and now you are saying that TAH is rude forex noob. I would put your money where you mouth is.

Dude my personal advice to you do is stop hating start participating. I haven't reacted on your comment simply coz I don't give a s**t. I know my system and I know my mates and TAH is one of them, so If you start saying s**t about TAH means you have started saying s**t to me personally.

Be cool man. Play nice and never judge.

There is no spoon....
  • #49,842
  • May 28, 2013 5:04pm May 28, 2013 5:04pm
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}
UChf Short Trade:

Added short trades #6, #7 and #8, all Scouts.
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  • #49,843
  • May 28, 2013 5:05pm May 28, 2013 5:05pm
Guys, you do not have someone to code transparency control panel and calendars? Driving me crazy that I can not come. Thanks:-D
It's not a dream. Chipsa is real!
  • #49,844
  • May 28, 2013 5:09pm May 28, 2013 5:09pm
Quoting traderathome
{quote}UCad Short Trade: Added short #4, Scout. PVSRA: M1 shows price taken above half number followed by increased activity, indicating bears seeking higher prices to short. {image}
UCad Short Trade:

Added short trades #5, #6 and #7, all Scouts.
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  • #49,845
  • May 28, 2013 5:13pm May 28, 2013 5:13pm
Quoting traderathome
{quote}EU Long Trade: Added longs #4 and #5, Scouts. PVSRA: M1 shows price taken below whole number followed by heavy trading, indicating bulls seeking lower prices to add longs. {image}
EU Long Trade:

Added long trades #6 and #7, both Scouts.
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  • #49,846
  • May 28, 2013 5:28pm May 28, 2013 5:28pm
Quoting traderathome
{quote}AU Long Trade: Added long trade #9, Scout. PVSRA: Early Asian session has the price down over 60 pips to below whole number, followed by highest activity of day = MMs are bulls seeking lower prices to add longs {image}
AU Long Trade:

Added long trade #10, Scout.
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  • #49,847
  • May 28, 2013 5:57pm May 28, 2013 5:57pm
Hello all this thread is really enlightening.
I have tried using the new template by Tah (sonicr 2013 blac) but when I load it i.e in a EU/USD chart, instead of getting the prices of that pair I always get the AU/USD current price. Has anyone experienced the same bug? Thanks!

P.S The old templates were working flawlessly.
  • #49,848
  • May 28, 2013 6:07pm May 28, 2013 6:07pm
TAH Apology to okanemici

"Professor, you are totally wrong for telling me "You are totally wrong"" - okanemici

Yes, I was. I apologize.

I should no more say you are wrong than I should say the market is going to do "this" or "that". Whatever the market does, it does, proving anyone right sometimes and wrong sometimes. It is a waste of time to get involved in such matters.

I consider myself as having stepped out of line and shall strive to do so no more, not with you or with anyone else. I should mind my own business and just concentrate on my own trading.

-tah
  • #49,849
  • May 28, 2013 6:19pm May 28, 2013 6:19pm
Quoting traderathome
{quote}AU Long Trade: Added long trade #10, Scout. {image}
AU Long Trade:

Added long trades #11 and #12, Scouts. Adjusted TP.
Attached Image(s) (click to enlarge)
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  • #49,850
  • Edited 7:04pm May 28, 2013 6:26pm | Edited 7:04pm
Building Positions

About this time it is appropriate to remind Sonicers once again that building positions involves risk. If one trades in lot size and makes one entry and the price moving entities run price the wrong way by 100 pips, you have risk. If you switch to trade mini-lots instead, and build up ten positions while the price runs the wrong way, your risk can be halved or more or less than halved, but there is still risk.

Build vs Single Entry
If I were making single entry trades using conventional wisdom for placing SLs, my guess is that 90% of the time my trade would be stopped out, and would be followed by the very move I was trading. What a waste of time and money! I prefer to just hang on in there, and most of the time I win.

Riding Coattails of Market vs Building Only When Price Moves in Right Direction
After realizing that bulls can be adding longs while generally moving price either up or down, and that bears can be adding shorts while generally moving price either up or down, I tried to posture myself to only trade with bulls and bears during the time they move the price in the "right" direction. That worked out about as well as single entry trading. My conclusion is if they are adding heavily, then it is alright for me to add, regardless of what direction the price is moving. If they don't care, why should I?

Back to PVSRA
So, I am back to "PVSRA, bulls or bears?" because I am thinking that trading when they do most of their trading is all that really matters, aside from trading much lighter so you can afford to do so. I will still look to see if trading only when price is moving in the "right" direction is practical, but I don't really hold much hope for that.

-tah
  • #49,851
  • May 28, 2013 9:53pm May 28, 2013 9:53pm
AU took profits last night have re-entered for another long. Looking to add to the position once a classic sonic setup appears. This is rollup tonight so this could be a large rally. We will have to see what the MM decide.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: AU 1ming re-entry.jpg Size: 219 KB
  • #49,852
  • May 28, 2013 10:00pm May 28, 2013 10:00pm
USD/CHF I have taken 3 shorts on scouts and now 1 on a classic Sonic setup. Will have to see where markets move for rollup.
Attached Image (click to enlarge)
Click to Enlarge Name: USD CHF 15min Classic re-entry.jpg Size: 254 KB
  • #49,853
  • May 28, 2013 10:38pm May 28, 2013 10:38pm
Quoting worldfreedom
AU took profits last night have re-entered for another long. Looking to add to the position once a classic sonic setup appears. This is rollup tonight so this could be a large rally. We will have to see what the MM decide. {image} {image}
worldfreedom,

When you have time, would you please give us a lesson about "rollups"; what they are, what affect they have on the market, and what we should be on the alert for regarding prices? And, of course, anything else we should be aware of (who, what, where, when, why)?

Thank you.

-tah
  • #49,854
  • Edited May 29, 2013 1:09am May 28, 2013 11:30pm | Edited May 29, 2013 1:09am
Quoting traderathome
{quote}worldfreedom, When you have time, would you please give us a lesson about "rollups"; what they are, what affect they have on the market, and what we should be on the alert for regarding prices? And, of course, anything else we should be aware of (who, what, where, when, why)? Thank you. -tah
What is roll-up?

Roll-up occurs every week. There was a study done prior to 2008 when the carry trades were all the rage. It showed that there was a rally in positive interest bearing currency pairs prior to the Wednesday typical 3 times interest payout. The rallies occurred 72% of the time.

This was diminished after 2008 but I still see often the markets attempt to take advantage of this occurrence. Cheap money chases easy gains. If you buy on leverage at the lows of the week prior to Wednesday payouts you can earn triple daily interest X your leverage or more sometimes even 5times interest X your leverage depending on whether there was a holiday that week. So for example you earn 2.5% on a long position at one times leverage. If you hold that pair at 4X account leverage you are effectively earning 10%. If you hold the long position at 10 times leverage then you are at 25%. So if you can borrow unlimited money at zero interest this can be a large sum of money for a quick in and out.

This often becomes mute once you account for the gains from the rally. I used to trade every Tuesday 6pm Pacific Standard Time. I would start looking for lows of the week or day. Once a setup would appear I would start to build positions. The eight majors I speak of are: ( AU, NU, GU, EU, AJ, NJ, GJ, EJ) Since typically the 8 majors tend to follow each other. Once 6 of the major 8 currencies would give a classic sonic setup then I would start to buy all eight pairs building positions. I would exit all trades by 10am Wednesday Pacific Standard time. This made money almost every week. Once in a while the trades would take several weeks to get positive but I was earning interest daily on my positions. I had never incorporated volume as with this threads PVA. I believe that with the added knowledge of PVA and the Sonic setup this could make this a profitable trading setup once again. The two Sonic systems help to determine if this will be a rally or not for the week. I am still testing the evidence each week.

This is very similar to buying stocks at the low prior to dividend payout. Stocks tend to rally from the lows prior to the payout. Then they start the cycle all over again.
Attached Image (click to enlarge)
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  • #49,855
  • Edited May 29, 2013 1:05am May 28, 2013 11:56pm | Edited May 29, 2013 1:05am
EU: wait for second trade

Attached Image (click to enlarge)
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UCAD : on the TOP now good for SHORT

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  • #49,856
  • May 29, 2013 1:32am May 29, 2013 1:32am
Quoting worldfreedom
{quote} What is roll-up? Roll-up occurs every week. There was a study done prior to 2008 when the carry trades were all the rage. It showed that there was a rally in positive interest bearing currency pairs prior to the Wednesday typical 3 times interest payout. The rallies occurred 72% of the time. This was diminished after 2008 but I still see often the markets attempt to take advantage of this occurrence. Cheap money chases easy gains. If you buy on leverage at the lows of the week prior to Wednesday payouts you can earn triple daily interest...
That was extremely interesting. This phenomenom came to my attention after reading the
book I posted a link to earlier http://www.google.com/url?sa=t&rct=j...HAkQiJWf3ybF6g

Before reading the book, I had never given much thought to interest.
Your explanation has only served to heighten my interest in learning
more about what makes it tick.

Thanks WorldFreedom!

  • #49,857
  • Edited 2:19am May 29, 2013 1:43am | Edited 2:19am
EURUSD long

Created position in this early session. EP1 is scout for bounce from resistance. EP2 / EP3 at dragon turned up, EP4 at retrace to dragon. We can see good activity at lows and small activity at tops, so i believe in bull MM for today. My target 1.29, but may vary. Today is EUR news day, so im ready to kill positions. I`m think against TAH - overall trend is down

edit:
EP3 / EP4 closed for happy pipping at resistance 1.2875. Others puted to be. Waiting retrace to dragon for reentry
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Be coherent with your strategy
  • #49,858
  • May 29, 2013 2:25am May 29, 2013 2:25am
The 5+1 Rule

Good morning fellas.

I've thinking a lot about how to improve PVSRA building position system regarding drawdowns and money management. I had an idea and I want to ask you for opinions and feedback.

The '5+1 Rule' is a building position method where you are only allowed to use 5 entries (5 longs or 5 shorts). Why? I see a few pros if we follow this rule:

  1. This forces ourselves to be more careful about what entries do we take
  2. We have better control about how much we are investing or putting in the market
  3. Easier bank management

Sometimes, using unlimited entries, we are not sure about how much we are investing because we don't have normally a fixed SL and that could destroy a considerable part of our account. Having a fixes amount of entries, you can plan before you enter the first time the amount you want to invest. This amount will change, but the variation will be way more 'under control' than if we use unlimited entries.

The idea is to use the first entry to put the foots in the water. Then, we have 3 more entries to use whenever we see a good opportunity in the market. Finally, we save our last position for a really clear PVSRA opportunity.

And the +1 Tymedu, AND THE PLUS ONE!?

Chill brothers. We now have our 5 entries but we know the price can go lower if we are long or higher if we are short. Fortunately, because we have a fixed amount, our losings should be 'under control'. The +1 is another entry, our last bullet. When do we use it? Easy, to enter the market with a clear SonicR System M15 setup. We won't use our last bullet until we have a proper classic entry. No scouts, no PVSRA entry, classic.

I think this could help us to improve our trading, to improve our entries (because we have to be more careful, we only have 5 bullets) and to have a better control about our money management.

What do you think guys? Feedback pls!

Attached Image
To fail is just an opportunity to learn
  • #49,859
  • May 29, 2013 2:43am May 29, 2013 2:43am
I think the distance between the entries in relation to the pair range is also important.
Newbie trader
  • #49,860
  • Edited 3:59am May 29, 2013 3:34am | Edited 3:59am
Quoting Tymedu
The 5+1 Rule Good morning fellas. I've thinking a lot about how to improve PVSRA building position system regarding drawdowns and money management. I had an idea and I want to ask you for opinions and feedback. The '5+1 Rule' is a building position method where you are only allowed to use 5 entries (5 longs or 5 shorts). Why? I see a few pros if we follow this rule: This forces ourselves to be more careful about what entries do we take We have better control about how much we are investing or putting in the market Easier bank managementSometimes,...
Here is one TAH's UJ trades. Closed for now but a good example if you want to follow this 5+1 system. 5 trades closed with minus. So it's very important where to put the entries by following this 5+1 system.

EDIT:
Quoting traderathome
{quote}UJ Short Trade: Closed all twelve short trades for 50x12= 600 pips gain, 16x average EP to TP1. I have not bothered to post the go-back links to each trade, but you can start with the one posted and go-back from there. {image}
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Whatever is obvious is obviously wrong!"
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