Sonic R. System | Page 2511 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Sonic R.evolution 95 replies

The System Behind the System, by Merlin Jeffries 16 replies

Old School Sonic System + Other Things 11 replies

Knife system, Vegas 4h system related questions. 4 replies

Would you trade this system? New system #2. 10 replies

Attachments: Sonic R. System
Exit Attachments

Sonic R. System

  • #50,201
  • Edited 8:59am Jun 3, 2013 8:04am | Edited 8:59am
Quoting loeil
{quote} Your PVSRA tells you that MM are bulls? And what is your trading system anyway? I see it's not sonicR like other users. MMs seems bearish to me. Activity increased at highs. And look what the activity tells you, where it decreased and where increased. {image}
Yes, you are right, I don't trade purely according to SonicR signals yet. That's because I don't like indicators in general.
I trade price action which is market emotions. I trade support and resistance. Sometimes I tade news. And that's all.

I looked into trading systems @ forex factory in search for a solid system that would help me make my trading easier
and perhaps more profitable. So now following SonicR. It takes time and practice to soak it in.

I like how you guys determine the trend from price action. And then you stick with your analysis and add to your initial position.
I have always wanted to add to a position but didn't know a safe way to do that. Here I found that decreasing a lot size is
one way to do it.

Just because I need to add a picture, I show you my AU trade. It's based purely on the fact that it has fallen greatly (initiated by
decreased interest rate) and started ranging at the bottom. Perhaps sonicers would say that bears ran for profit and closed their positions
at the bottom where the range started.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdbsh4.png Size: 29 KB
  • #50,202
  • Jun 3, 2013 8:06am Jun 3, 2013 8:06am
Quoting zawad4u
Don't be deceived these bloody MM are bear on GU they push up price above whole number 1.5300 and are entering shot i take scout #3 above whole number lets watch and see... hope we have locked in profit on GJ look my earlier post {image}
Thank you very much for your clarification and your time, this reinforces my learning and i hope some others newbies too.
All my trades are in demo, dont do these things at home without permission!
  • #50,203
  • Jun 3, 2013 8:07am Jun 3, 2013 8:07am
Quoting Pipsi cola
{quote} Yes, you are right, I don't trade purely according to SonicR signals yet. That's because I don't like indicators in general. I trade price action which is market emotions. I trade support and resistance. Sometimes I tade news. And that's all. I looked into trading systems @ forex factory in search for a solid system that would help me make my trading easier and perhaps more profitable. So now following SonicR. It takes time and practice to soak it in. I like how you guys determine the trend from price action. And then you stick with your...

nice bro. u r on the same track with me. i trade based on break out and SR. but i am interested in PVSRA which is can give more profit but still i am not master PVSRA yet.
Money Management and Patience is the Key
  • #50,204
  • Jun 3, 2013 8:44am Jun 3, 2013 8:44am
Quoting traderathome
{quote} UJ Short Trade: Added short trades #5, #6 and #7, Scouts. Decided to add while price hangs up in the higher regions of this price pump. M1 PVSRA shows MMs continue heavy trading at the highs, with cycles up in activity coinciding with relative highs and coming down off those relative highs. Very bearish. Adjusted TP. {image}
UJ Short Trade:

Closed all seven short trades for 200x7= 1400 pips gain.
Attached Image (click to enlarge)
Click to Enlarge Name: june 2013 - 005.png Size: 43 KB
  • #50,205
  • Edited 9:48am Jun 3, 2013 8:46am | Edited 9:48am
Quoting sonicdeejay
{quote} know thy rule.. {image} Sonic
sincere apologies

not the pinbar itself, but mainly location where it occured made me put the money on line..

edit: didn't manage to get on board again, the move was "too fast, too furious"
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdbsm30.png Size: 21 KB
  • #50,206
  • Jun 3, 2013 8:48am Jun 3, 2013 8:48am
Quoting traderathome
{quote} 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. {image}
AU Long Trade:

Closed all fifteen long trades for 100x15= 1500 pips gain.
Attached Image (click to enlarge)
Click to Enlarge Name: june 2013 - 006.png Size: 58 KB
  • #50,207
  • Jun 3, 2013 8:52am Jun 3, 2013 8:52am
Quoting o0AxeL0o
{quote} If i understand well "because im a newbie" its only a trap and things will back to the original place, but because im here to learn i would ask you like and expert that you are if a very important new can change definitely a trend or always are traps ? Thank you
Hi o0AxeL0o,

first of all, I'm not an expert. I'm studying PVSRA as you are. And of course, I can be wrong about my analysis because it's only my point of view. Let me put you the UJ as an example.

UJ:

In my opinion, MM's are building longs. This could take hours, days or weeks. We don't know that, but again in my opinion the are building a long position even before the prices broke 100. Take a look at the image I attached. I highlighted the important zones for me. Where is the volume higher? Always at the bottoms. If I'm right, MM's need liquidity to add their longs, and the break of 100 level is the perfect opportunity to have the needed liquidity: Stops hunted + people adding shorts.

In the last circle, you will see the highest volume of the day. Again, where? Again at the bottom and just when the price crosses 99.

It's only Monday, and we have the whole week ahead. Now in 10 minutes London will close and MM's could try to push down the price again if they are bulls. Let's see.

But for now, the conservative entry is short because in 1H, 15M and 5M dragon and overall trend is a downtrend. So if you decide to short, I obviously understand it. However, I think MM's are bulls and I'm building a long position.

I hope it helps o0AxeL0o.
Attached Image (click to enlarge)
Click to Enlarge Name: Sin título.png Size: 55 KB
To fail is just an opportunity to learn
  • #50,208
  • Jun 3, 2013 9:04am Jun 3, 2013 9:04am
Quoting traderathome
{quote} EU Short Trade: Added short #2, Scout. PVSRA with fibo retrace of last swing low shows price being worked to the 62% retrace level, with higher activity shown on M1 as the price closes in on it, indicating a bear market. {image}
EU Short Trade:

Added short trades #3, #4, and #5, Scouts. PVSRA on M5 (others too, I suppose) shows that the run up was fed early and culminated in a banquet, indicating the market is a bear seeking higher prices to build short positions. Speculation: a 150ish pips range is established now, and the whole range seems to be good picking grounds for shorts. If so, a good move back down and lower is brewing. No SL. TP is tentative. I intend to add if the MMs push this higher.

As an aside note, if this is being set up for a crash, keep eye on EJ which is already sagging today and could start to plummet if the MMs pull the rug on the euro.
Attached Image (click to enlarge)
Click to Enlarge Name: june 2013 - 007.png Size: 42 KB
  • #50,209
  • Jun 3, 2013 9:09am Jun 3, 2013 9:09am
I think GU is doing the same, although it is early
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm5.png Size: 37 KB
Newbie trader
  • #50,210
  • Jun 3, 2013 9:12am Jun 3, 2013 9:12am
Market Commet:

Today AU, EU, GU,.....all got the pump by the MMs. On the other hand AJ, EJ, GJ are all sagging. Now, what better way to precipitate a tremendously profitable week for the MMs than by doing this to AU, EU and GU, and later crashing them back down. Nice two-way profits there, but just imagine the profits on the YEN pairs as they plummet!
  • #50,211
  • Jun 3, 2013 9:15am Jun 3, 2013 9:15am
MM are going bull on GJ they pushed priced below whole number 152.00 and are seen adding longs so i took Scout #1 will enter more trades if price go below 151.75 which is weekly Pivot support...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym1.png Size: 31 KB
  • #50,212
  • Jun 3, 2013 9:17am Jun 3, 2013 9:17am
Not sure I would be too fooled by this action, it is Monday after all. This could be a ramp up on a number of pairs such as EU before a move down. Lucky for me I was just scalping today after my week off, using PVSRA to guide my actions Closed all for 115 pips today (4%) in about 6 hours of watching 30 mins of trading with 20 pips drawdown. I may be tempted to scout some of these if the price action is right.

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 217 KB
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #50,213
  • Jun 3, 2013 9:18am Jun 3, 2013 9:18am
Quoting zawad4u
MM are going bull on GJ they pushed priced below whole number 152.00 and are seen adding longs so i took Scout #1 will enter more trades if price go below 151.75 which is weekly Pivot support... {image}
GJ:

I see it differently. The volume at the lows is not truely remarkable. This is more like "stopping" volume, just to halt the fall, not to start heavily investing in longs again. Price might get pumped, but if so it will only be to start adding more shorts. Just how I see it.
Attached Image (click to enlarge)
Click to Enlarge Name: june 2013 - 008.png Size: 36 KB
  • #50,214
  • Jun 3, 2013 9:30am Jun 3, 2013 9:30am
Quoting scuderia
{quote} nice bro. u r on the same track with me. i trade based on break out and SR. but i am interested in PVSRA which is can give more profit but still i am not master PVSRA yet.
I have made more money from breakouts than bounces
Attached Image (click to enlarge)
Click to Enlarge Name: pic.png Size: 13 KB
  • #50,215
  • Jun 3, 2013 9:38am Jun 3, 2013 9:38am
Hello TAH,
How do you deal with overnight positions? Do you adjust SL and TP or use Trailing stops?
Sorry if it's posted somewhere in this therad.
  • #50,216
  • Jun 3, 2013 9:41am Jun 3, 2013 9:41am
I have closed my AU tade for a 1.8% gain.
I am still holding my short GJ looking to close the gaps take profit still open at this time.
Attached Image (click to enlarge)
Click to Enlarge Name: AU Closed 1.8% Gain.jpg Size: 274 KB
  • #50,217
  • Jun 3, 2013 9:43am Jun 3, 2013 9:43am
Quoting traderathome
{quote} GJ: I see it differently. The volume at the lows is not truely remarkable. This is more like "stopping" volume, just to halt the fall, not to start heavily investing in longs again. Price might get pumped, but if so it will only be to start adding more shorts. Just how I see it. {image}
Alright lets watch and see what happens...You the boss here
  • #50,218
  • Jun 3, 2013 9:47am Jun 3, 2013 9:47am
Quoting fex
I think GU is doing the same, although it is early {image}
And this might be doing the opposite USDCHF
Attached Image (click to enlarge)
Click to Enlarge Name: usdchfm1.png Size: 34 KB
Newbie trader
  • #50,219
  • Jun 3, 2013 9:47am Jun 3, 2013 9:47am
Little bit off topic. But I Found this crazy video about Forex on Youtube... Some Dude from the UK turning 10k into 50k in 4 hours.... Insane Money Management.
Inserted Video
Creditors have better memories than debtors.
  • #50,220
  • Jun 3, 2013 9:53am Jun 3, 2013 9:53am
Quoting fex
{quote} And this might be doing the opposite USDCHF {image}
I'm also looking at that pair... Good Spot Fex
Creditors have better memories than debtors.
30 traders viewing now