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Sonic R. System

  • #50,061
  • May 31, 2013 6:58am May 31, 2013 6:58am
Quoting Coldice
Price and Volume analysis is a powerful tool (maybe even the most powerful tool, if used correctly) but there is a point that personally I am focusing right now to figure out an learn to distinguish with a high percentage rate where the move is generated by the bears or bull (this involves big moves with big candles involving gib volumes) Some people who are just initiating into this strategy might get confused, and it perfectly fine, I'm also confused at a certain degree so I have a couple of thoughts that I would like to discuss, and pointing...
Nice post, Coldice. It sure seems that PVSRA has folks thinkiing more deeply on how the market moves. If nothing else, that is a good thing, but I am sure as time goes on there will come some "hard and true" aspects to the analysis that we can all "hang our hats on."

Thank you for that post, Coldice.

-tah
  • #50,062
  • May 31, 2013 7:07am May 31, 2013 7:07am
AU:

MMs might be starting the 'ole push up for profits now, maybe yes and maybe no. Time is a-wasting. Time to get on with it!
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  • #50,063
  • May 31, 2013 7:08am May 31, 2013 7:08am
  •  St3ve
  • | Joined Jan 2013 | Status: Recovering from losses ... | 77 Posts
Quoting princefred
{quote} Yes i understand all that, but after placing the trades i can set my hidden tp, be or sl and stop staring at the system and the ea will close all trade entries accordingly. Instead of watching till my tp to close by myself since i don't like setting hard tps, sl - prone to broker hunting, which means i have to watch the trades Sometimes even when i should be sleeping.
Some days ago I took the time to look into how to code an EA where one can drag&drop lines to change hidden TP/SL levels. I knew beforehand, that this won't be an easy job and I had to figure out - it is definitely not easy. I found some pieces of code which I could reuse, but nevertheless it would take me a lot of effort (and hours) to change this to our needs.

After thinking about this EA a little more, there are so many things wich came to my mind and stopped me from coding:
- expert advisors which are allowed to open/close trades need to work absolutely flawlessly. It is not a great deal if an indicator is showing some wrong numbers, but just imagine a trade being closed because of a coding flaw ...
- you need to have a VPS or something like that which runs all the time - and even then there can be operating system failures or MT4 crashes.
- at least I do trust my broker. I had several thousand orders with SL/TP levels set and never got stop-hunted. If a trade got stopped out, then this was just my fault because I had set my SL too tight.
- how often do you change your SL/TP values? is it really neccessary to drag&drop them? if you change them every few minutes, maybe you should think about your exit strategy first ;-)


I already finished an EA which handles hidden SL and TP levels. Nevertheless, you have to provide those levels manually.
If there is really big demand for a trade mangagement EA with hidden SL/TP levels, maybe I will change my decision - but for now I will focus again on some minor improvments to TAHs Trade Levels indicator
... and trading of course

steve
  • #50,064
  • May 31, 2013 7:26am May 31, 2013 7:26am
Quoting princefred
I will sit tight on this AU long. They have to initiate an up move somewhere along the line afterall they are long as well as indicated by PVSRA or so i think.
Well, there was 400 pips run down on 9 may on AU with only small pullbacks (average 50 pips), then it was 100+/- pips pull back up, and a sudden rally to new lows. The scout trading is dangerous, because of this kind of situations.

Reading the pdf, it's clearly stating that PVA doesn't show the volume of currency in the trades, but the volume of trades, which is a huge difference. There can be 100 long trades with lot = 0.01 each and only 2 trades with lot 100 each, the outcome will be a red bearish candle with high volumes, which can be interpreted as bullish activity when it's not. It's not that often but it happens regularly that the lower number of trades has a greater orders' volumes which pushes the price in one direction.

also be attentive at price movement when volume is decreasing, the amount of volume decrease is also very important, by it you can see what volume of currency was taken out of the market. The PA after the "great move" and volume decrease, tells a lot about the move that occured. It is not 100% accurate but it can provide the information needed to see the bigger picture in a better way.
I'm examinating right now the PA after the volume increas and after the volume decrease. The basic is that a candle is a combination of long and short orders, at any given time, it's a rule, and it's always true. The way it moves, and how it moves (the reaction speed is also important, so M1 timeframe can give you a better look) is very important.

I'm not opening orders, because I havent made up my rules of entries, exits and money management regarding this strading system, which I find very powerful. I'll keep sharing my thoughts each time I make some conclusions. Maybe it will help somebody. And If I'm wrong I'd like someone to correct me. Thank you in advance.
  • #50,065
  • May 31, 2013 7:32am May 31, 2013 7:32am
Thanks steve for all the work you've done so far. The ea you've made is it with Tah's trade indicator, have you posted it here, does it execute the Sl and tp function by closing all the trade as obtained by tah trade level indicator. if yes then i think that will be good for us to have for the time being.The drag and drop function can come when your ready. personally I run my trades on vps i think all traders should atleast know about vps. some brokers offer free vps service.
Know News/time; WAIT for Edge Entries, MPLC Normalization, Exits & TP's..
  • #50,066
  • May 31, 2013 7:38am May 31, 2013 7:38am
  •  St3ve
  • | Joined Jan 2013 | Status: Recovering from losses ... | 77 Posts
Quoting princefred
The ea you've made is it with Tah's trade indicator, have you posted it here, does it execute the Sl and tp function by closing all the trade as obtained by tah trade level indicator.
Basically, it is TAHs Trade Levels indicator transformed into an EA with additional functions for trade management. So you can either use the indicator or the EA - both does not make sense.
I have not posted it here until now, but as soon as I'm at home I can upload it.

steve
  • #50,067
  • May 31, 2013 7:46am May 31, 2013 7:46am
Quoting St3ve
{quote} Basically, it is TAHs Trade Levels indicator transformed into an EA with additional functions for trade management. So you can either use the indicator or the EA - both does not make sense. I have not posted it here until now, but as soon as I'm at home I can upload it. steve
Thanks in advance.
Know News/time; WAIT for Edge Entries, MPLC Normalization, Exits & TP's..
  • #50,068
  • May 31, 2013 7:56am May 31, 2013 7:56am
Quoting Coldice
{quote} Well ,there 400 pips run down on 9 may on AU with only small pullbacks (average 50 pips), then it was 100+/- pips pull back up, and a sudden rally to new lows. The scout trading is dangerous, because of this kind of situations. Reading the pdf, it's clearly stating that PVA doesn't show the volume of currency in the trades, but the volume of trades, which is a huge difference. There can be 100 long trades with lot = 0.01 each and only 2 trades with lot 100 each, the outcome will be a red bearish candle with high volumes, which...
Great insight about the pv. I never quite took cognizance of this possible effects of trade size vs number of trading on the pv output.
Know News/time; WAIT for Edge Entries, MPLC Normalization, Exits & TP's..
  • #50,069
  • May 31, 2013 7:57am May 31, 2013 7:57am
Quoting sonicdeejay
{quote} We are on the opposite on this one again Ser.. 130.xx region is ultimate support..for now.. {image} {image}

Ser TAH is right so far...

But see if the blu band can hold...

Happy Friday...

Sonic
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  • #50,070
  • May 31, 2013 8:09am May 31, 2013 8:09am
Master Sonicdeejay,

You are a lot closer to Aussieville than I, so how about a favor? Step on over there and visit one of those worldwide big banks with interlocking directorships (try a GS bank/investment office). Just walk on in and kick some ass! Tell 'em wez all waitin' for dem to git the lead out and start moving AU on upwards. Heck, tell 'em what they're doin ain't no secret to nobody, soz no sense in prolongin' da agony!
  • #50,071
  • May 31, 2013 8:25am May 31, 2013 8:25am
Quoting traderathome
{quote} GJ Short Trade: Added short trade #5, Scout. I missed the recent drive above the upper whole number (sleeping, which I needed), but if I am at the computer and the MMs try doing it again, I still intend to add that additional short even though the MMs might not initiate a drive down until next week. If the MMs remain bears and a drive down does not come unitl next week, price could go even higher beforehand, but that is not a guarantee. Edit: Well, they just did it. Added short trade #6, Scout (pic. 2). {image} {image}
GJ Short Trade:

Added short trade #7, Classic re-entry. PVSRA: MMs hiked price above whole number again, presumably for more selling.
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  • #50,072
  • May 31, 2013 8:33am May 31, 2013 8:33am
Quoting Msis125125
EU SHORT scout. {image}

Closed 40 pips with my scout.
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There is no spoon....
  • #50,073
  • May 31, 2013 8:45am May 31, 2013 8:45am
Hello to all, i'm still learning from this fantastic thread

What do u think about this BUY position on USD/CHF ?
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  • #50,074
  • May 31, 2013 8:51am May 31, 2013 8:51am
I would say Sell. But only after you close your buy. MM seems to be Bear on it as to opposite to EU. This is temporary drawback, could be on fibo as u have indicated. You look at 30-50 pips then MM will run for profits Down!

There is no spoon....
  • #50,075
  • May 31, 2013 9:01am May 31, 2013 9:01am
Quoting Msis125125
I would say Sell. But only after you close your buy. MM seems to be Bear on it as to opposite to EU. This is temporary drawback, could be on fibo as u have indicated. You look at 30-50 pips then MM will run for profits Down!

Thank you for your analysis Msis125125
  • #50,076
  • May 31, 2013 9:10am May 31, 2013 9:10am
Quoting traderathome
{quote} AU Long Trade: Added long #14, Scout. PVSRA: M1 shows the MMs have taken price below 3/4SR with high activity, indicating they are bulls pushing the price down as they add more longs. This could still go lower. That is the one thing we can never know,....when they will initiate a run for profits. But if they push lower, I will likely add more. Word of Caution Indiscriminately adding to a trade while MMs move the price in the "wrong" direction increases risk, though not as high as if you'd bet the farm on your first entry. In this case...
AU Long Trade:

Added long trade #15, Scout. This last LS of the week has been extremely "slow", waiting for the MMs to initiate the run for profit. Don't know if that will happen until next week, but these low prices continue to involve increased trading which indicates the MMs are bulls, building up their long positions.
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  • #50,077
  • May 31, 2013 9:10am May 31, 2013 9:10am
Quoting msis125125
i would say sell. But only after you close your buy. Mm seems to be bear on it as to opposite to eu. This is temporary drawback, could be on fibo as u have indicated. You look at 30-50 pips then mm will run for profits down!
[tah mode on]
post a pick with your argument
[tah mode off]
To fail is just an opportunity to learn
  • #50,078
  • May 31, 2013 9:21am May 31, 2013 9:21am
Quoting Tymedu
{quote} [tah mode on] post a pick with your argument [tah mode off]
Ha, ha!

But, that is Master Sonicdeejay's #1 rule for the thread. Not mine. (I just kick ass in his absence)
  • #50,079
  • May 31, 2013 9:22am May 31, 2013 9:22am
I have added another GJ short 4th entry. I have also started to build the AU long. I will add on a move further down or a Sonic classic setup.
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  • #50,080
  • May 31, 2013 9:30am May 31, 2013 9:30am
AU:

What do you figure is the average cost of all this trading, which is predominately by the professionals? I figure it to be about equal to the whole number. And this position that is being built is long, elsewise the price would have been going up rather than down during the building process. I also figure they are expecting to make a lot of pips on this position. So, next week we shall see.
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