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Sonic R. System

  • #50,441
  • Jun 6, 2013 4:49am Jun 6, 2013 4:49am
Quoting jeffross
{quote} Thanks Emmanuel for patiently explaining.
I am still working through all the threads...

Does anyone know whether there is a way to extract all 2k threads to offline?
  • #50,442
  • Jun 6, 2013 5:14am Jun 6, 2013 5:14am
Hi,

I have all the EP lines on my charts , but I have no numbers on the EP lines . Please can someone help me !

regards, sk2
Attached Image (click to enlarge)
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  • #50,443
  • Jun 6, 2013 5:16am Jun 6, 2013 5:16am
AU seems are bears..., more bears..., rigth?
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Newbie trader
  • #50,444
  • Jun 6, 2013 5:25am Jun 6, 2013 5:25am
Quoting traderathome
{quote} Welcome freeRider, Yes. Volume (actually just the count of trade orders executed, not size) is different broker to broker. However, it makes no difference, not even that it is just trade counts, because what we look for are notable increases relative to current happenings, which our PVA Candles and PVA Volumes indicators emphasize. At the same time in the market and for the same reasons, all respectable brokers will be showing such changes relative to their own flow of orders executed.

Hello everybody, Im new on the FF forum, but as a FX and indices trading about 8 years of experience.

Very interesting thread, very similiar trading aproach Im using, but I want to ask about Your PVA indicator, as I see its based on "Volumes" indocators in MT4 and TAH wrote, that it calculates "executed trade orders". As I know only think what this indicator counts is number of price change in time frame You set, so generally its useless, are You sure that Your broker shows "executed trade orders" ?

Thats why there are differences users are asking for, some brokers have faster feed and price changes on lets say EURUSD than others, it also depends on few other factors.

Regards
  • #50,445
  • Edited 10:54am Jun 6, 2013 5:25am | Edited 10:54am
Hi Tah and everyone, all this while, I always trade with the classic Sonic R and find it profitable but lately with the PVSRA scout, I feel that this is not SONIC thread anymore but hey as long as it is profitable, right? Lets go straight to my question, In PVSRA scout trade, am i right to say that we are trading against the trend? Is it simply going short when there is a significant Green Volume at the highest possible price and going long when there is a big Red Volume at the lowest possible price? Of course we have to take into account the SnR and Round Number area. Am i trading the right PVSRA strategy here? Someone please answer me. Thank you in advance
  • #50,446
  • Jun 6, 2013 5:32am Jun 6, 2013 5:32am
Finally my chart missed from my earlier post.....profits taken and now a short scout whilst we see what happens around the 5m dragon....

As I mentioned earlier, I will not take any GBP or EUR positions - including the Yen crosses - until after the very important news both from the BOE and the ECB - not long to wait....
Attached Image (click to enlarge)
Click to Enlarge Name: jun 6 aus 5m 1027 gmt.png Size: 44 KB
Trading Levels with WRBs
  • #50,447
  • Jun 6, 2013 5:33am Jun 6, 2013 5:33am
Quoting traderathome
{quote} YEN Pairs In General, UJ In Particular The Asian session MMs just went to work hiking the prices. Are they bulls? Remains to be seen, because in the larger picture the YEN pairs are bearish. If UJ gets hiked above the half number, I'll open short again since M30 and M1 PVSRA show the MMs to be bears. M15 PVSRA shows the entire area between the whole number and the 1/4SR area has just been heavily traded, so it is deemed perfect by the MMs to be building in, for either a move up or down. Personally, I suspect down, down to the RDL/RWL area....
Hello traderathome and everyone here. First I'd like to introduce myself. I've come from a very short history of fx trading and still in the very early stages (mentioned in the 5steps). Last night is my first trade (long on UJ see attached) I've made since learning of the SonicR/PVSRA strategy. I'd like to share it as it concerns traderathome's post quoted above as well and give the goods and bads on my thought pattern for the trade. After waking up today and checking on the trade (I'm GMT -5), I've closed all trades with a total loss of 26pips (-1.6%) as I see my mistakes.

See my trade below (screenshot taken right after the trade). I've entered UJ at 99.32 and setup my SL at -30 pips and TP at +60pips. My risk management is 2% and RR ideally at 1:3, but here is 1:2 which I'm fine with. There are few mistakes that I myself noticed and have exited this trade. I am further intrigued to share my trade as traderathome's post confirmed my learnings as well as enlighten me more on the MM's playbook and factor in all of this. Please feel free to let me know what you think (good or bad).

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpym15.png Size: 51 KB


Mistakes:

  1. Did not wait for the wave pattern signal. I've entered long on the first leg (meaning I haven't even identified the wave pattern yet and only entered based on PA reversal; see second image below for wave identified).
  2. Going long while M30 and H1 signifying Bearish sentiment (as well as price below 89 EMA). Even if I entered on the third leg of the wave, the PA wave breaks onthe 5th leg.
  3. Sleeping through a bad trade.
  4. UJ pair is more risky for Sonic R / PVSRA method (mentioned in the manuals).

Good:

  1. Risk management helped alleviate the 26pip loss (only -1.6%). I consider this a small cost for lessons learned.
  2. Exited before my SL was hit since I noticed my mistake.
  3. Learning about MM. But still need to learn more to "think" and see how they play (building versus running).

Here you can see the current state of UJ as of right writing of this post. I've identified the true pattern and best entry point in the case I still go against the Bearish sentiment. As we can see, it is still a bad move as I am still in the same position as the trade is biased.

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpym15_exit.png Size: 57 KB


As mentioned by TAH, the MM is building up for a bigger short. I can see that now, thanks TAH. I'll be looking more a short EP if I do decide to trade this pair again as we have another day for the MM to make their big move down. As they say... "Hindsight is always 20/20."

My utmost gratitude to Sonicdeejay for this gym and everyone who has made such a tremendous contribution (code/forums/etc).

Wishing everyone happy trading today.
insanity: Doing the same thing over... and expecting different results -AE
  • #50,448
  • Jun 6, 2013 6:17am Jun 6, 2013 6:17am
High volume at highs = bears. Looking for a Sonic setup now for entry.
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  • #50,449
  • Jun 6, 2013 6:30am Jun 6, 2013 6:30am
Question all traders trading PVRSA should know the answer to these questions. See chart

I am trying to show the simple logic for newbies to understand it is not rocket science. It is simple to trade this style. What the dangerous part is that MM's have unlimited money at zero percent interest and we do not. This is were you need to make sure you are not over trading your account. You also need to use classic setups to build once the direction has changed.
Attached Image (click to enlarge)
Click to Enlarge Name: GU MM and position building.jpg Size: 335 KB
  • #50,450
  • Jun 6, 2013 6:53am Jun 6, 2013 6:53am
Quoting worldfreedom
Question all traders trading PVRSA should know the answer to these questions. See chart I am trying to show the simple logic for newbies to understand it is not rocket science. It is simple to trade this style. What the dangerous part is that MM's have unlimited money at zero percent interest and we do not. This is were you need to make sure you are not over trading your account. You also need to use classic setups to build once the direction has changed. {image}
your chart is too messy, get rid of some irrelevant indys and you will feel the difference. just a advise mate
Price Is The Best Indicator Itself.
  • #50,451
  • Jun 6, 2013 6:56am Jun 6, 2013 6:56am
Quoting Tymedu
{quote} Be coherent with your strategy I have a rule, and that rule is to respect all the strategies I face. But I don't understand a guy who follow a strategy and it's not coherent with it. You are assuming, as I am (and many other guys here) that MM's are building short positions. That's ok, we can be right or we can be wrong, but we have to be strong about our strategy. If you are convinced about MM's are building shorts, your first question should be: when did they start to do it? In my point of view, the started around 1.2950 area (you can...

Thanks for your advise but don't forget the trend is our friend and we are using PVSRA here... SR in the PVSRA is very important...
  • #50,452
  • Jun 6, 2013 7:17am Jun 6, 2013 7:17am
Quoting worldfreedom
Question all traders trading PVRSA should know the answer to these questions. See chart I am trying to show the simple logic for newbies to understand it is not rocket science. It is simple to trade this style. What the dangerous part is that MM's have unlimited money at zero percent interest and we do not. This is were you need to make sure you are not over trading your account. You also need to use classic setups to build once the direction has changed. {image}
hi bro, could you please named this indicator that I pointed it by arrow ,
thanks
Attached Image (click to enlarge)
Click to Enlarge Name: GU MM and position building.jpg Size: 309 KB
  • #50,453
  • Jun 6, 2013 8:08am Jun 6, 2013 8:08am
Silence in the hall!
All my trades are in demo, dont do these things at home without permission!
  • #50,454
  • Jun 6, 2013 8:08am Jun 6, 2013 8:08am
Quoting worldfreedom
High volume at highs = bears. Looking for a Sonic setup now for entry. {image}
Surprisingly mkt didn't move much even with the high impact news..

Possibly they are waiting for tomorrow NFP...


Sonic
  • #50,455
  • Jun 6, 2013 8:18am Jun 6, 2013 8:18am
I can feel the pain in this silence! Be calm
Attached Image
All my trades are in demo, dont do these things at home without permission!
  • #50,456
  • Jun 6, 2013 8:36am Jun 6, 2013 8:36am
Quoting o0AxeL0o
I can feel the pain in this silence! Be calm {image}
With a good bank management, it's easy to be calm

You can see in my signature how my pips are dancing up and down xD
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To fail is just an opportunity to learn
  • #50,457
  • Jun 6, 2013 8:39am Jun 6, 2013 8:39am
Quoting Tymedu
{quote} With a good bank management, it's easy to be calm You can see in my signature how my pips are dancing up and down xD

would you pls let me know how you added your trading status to your signeture ?

thx
back to square no one , over trading is my sin , never get the lesson
  • #50,458
  • Jun 6, 2013 9:42am Jun 6, 2013 9:42am
Quoting actGsm
{quote} would you pls let me know how you added your trading status to your signeture ? thx
You have to go into your profile (top left of the screen) and then in the sidebar to click in "Forum signature"
To fail is just an opportunity to learn
  • #50,459
  • Jun 6, 2013 9:49am Jun 6, 2013 9:49am
the dark side is taking over my ...
Newbie trader
  • #50,460
  • Jun 6, 2013 9:52am Jun 6, 2013 9:52am
This Euro Keeps Rising like its on rocket ship....
Waiting for that pullback....
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Creditors have better memories than debtors.
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