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Sonic R. System

  • #50,621
  • Jun 7, 2013 10:41am Jun 7, 2013 10:41am
Quoting loeil
{quote} Ooh, sorry for that missed question Anyway good work, seems you got the point of PVSRA.

Thanks just know the trend and use PVSRA to build along with the trend that's all and wait for the heavy dump when trend changes close all trades against the trend and start building along with the trend...
  • #50,622
  • Jun 7, 2013 10:43am Jun 7, 2013 10:43am
They have started to dump so am with them now if you don't mind kindly follow us dump EJ GJ UJ and thank me latter...
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  • #50,623
  • Jun 7, 2013 10:43am Jun 7, 2013 10:43am
Quoting EstTrade
{quote}I will open trade explorer from new week even if I have drawdowns and every seriously taken trader should do that. Brilliant that Forex Factory offers such thing. OK. I stop now. Take it easy..
i agree , NTENT no trade explore no talk . :-D

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  • #50,624
  • Jun 7, 2013 10:49am Jun 7, 2013 10:49am
Quoting EstTrade
{quote} Wrong things? Of course people like fairytale of awesome trader who is one of the most profitable retail traders that keeps many of newbies trading and believing that they can do it one day also. Fairytale is being told by posting pictures where you can show anything you want and make it into your benefit. It would be possible to come into live and show with facts in trade explorer that such a man exists but NO, you wont do this. Hmmmm... I liked when you posted some time ago classic Sonic trades with Stop Loss and Take Profit. You had losing...
EstTrade,

You've been a FF member since April 12, 2013 and you are suddenly an all-out expert on how things should be done, how to deal with the market, and who knows what else you will claim to know about.

It is difficult to know if you are arrogant or stupid or both, but I assure you that genuine Sonicers see you and FXadditcted for exactly the kind of people you are.

-tah
  • #50,625
  • Jun 7, 2013 10:56am Jun 7, 2013 10:56am
Quoting pres78
{quote} Not I... FxPro UK live account servers, 17 charts open on an HP laptop that is 5 years old. Even during volitle times MT4 runs great.
Do you mean you have a dedicated virtual server with them? Jason at FXCM mentioned something about this. As I know he will get this message perhaps he could PM me. This has always been a bugbear with me, especially at FXCM but that may be a way round it and if FXCM can offer a good service I might reopen my account. I run 8GB RAM icore i7-2600 @3.4GHz with nothing else on it so shouldn't be a major issue but a dedicated server might sort it. Anyway I will not clutter up thread here but promise to report back in brief if I find a whizzo solution. Thanks to all who responded.

On the trading front my PVRSA positions wiped my smaller test account (it was not properly funded and it moved too quickly for me to do anything about it) so I was forced to reopen the positions at my main account, opening a larger number of lots to make up for lost ground. So far so good but it's not a professional way to trade and I need to review my money management/rules for PVSRA type trades AGAIN.

Further to go? I am in two minds on my shorts. Take the money and have a quiet weekend or run for more with stops protecting. Not sure yet. The temptation to go for profit is large but prudence says cash in. Similar positions in GU and longs on USDCHF. I took profits on AUSUSD before news as I was betting against my other positions with it. Seemed stupid to go against the dragon and the overall downtrend until it is clearly broken. OK you're going to miss some early entries but somehow we have to tame the drawdown beast with this system

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Quoting FXaddicted
This week has been really interesting for the sonic scout system. Huge drawdowns have ensued. Like I've said all along I think it has a place alongside the sonic classic system. I think we need to do more testing on the profitability on the scout system. I would love to arrange a competition of sorts to bring about some greater transparency of results. TaH I appreciate all your hard work on this thread, maybe you and a few others could start releasing your percentage profits using forex factory or myfxbook. If you are already releasing your trades...

Slow and Easy PVSRA
I know people here are trying to help but lets focus on how to improve this system. TAH has his own method and that may in the long term prove to be the perfect system but for now the drawdowns are potentially unlimited so I dont care how good your money management is if your are playing with a decent sized account (ie one that generates your income) then this system is not yet viable simply because we have no exit strategy for when things go wrong. To be safe, minimise drawdowns and see a reasonably consistent percentage increase in account size I think there are a number of steps to using PVSRA.

  1. Look for PVSRA signalling a potential change of trend direction
  2. Look for a clear break of the trend. How you do this is up to you, I use trend lines and highs and lows because I am old fashioned but the dragon slop is just as good I suspect. Once this is clearly in play go to 3.
  3. Await the next PVSRA signal. If this is a lower high (in an existing uptrend) easy decision, if its higher best wait.
  4. Continue to add positions unless and until PVSRA signals reverse. Never add more positions than your money management allows, even if trade goes against you, it could end with wiping your account. If you get it wrong get out and come back another day. You may get out at the wrong moment but you may save your account from obliteration and the end of your trading career.
  5. When PVSRA signals potential trend reverse be ready but do not act in haste. Slow and Easy PVSRA. If this happens consider exit or a stop loss above/below a suitable point (maybe last high or low or an in the money stop).
  6. Run the position for as long as the PVSRA signals and or trend remain in place. Once they reverse look for exit or make sure stop loss in place.

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Money Management
I have gone on about this before but realistically if you have no exit strategy for when a trade goes against you then you need unlimited capital. Not an option as Barings Bank super star Nick Leeson will tell you. With a sensible limited strategy for each 1 unit you probably need 1000 x your pip value. So if your max is 10 units you need 10,000 x your pip value. If you are going to run say 5 pairs simultaneously you need 50,000 x your pip value. This is just a guide, form your own views but err on the side of caution.

Finally I have been running PVSRA and scalping side by side to compare. My scalping produced returns of about 3 to 4% per day, ending with about 14% for the week. PVSRA wiped an account - but only through poor money management on my part, but has recovered that and some to end the week 1000 pips up ish. If I use the above formula I had 5 pairs running with up to 10 lots so theoretical account size needs to be 50,000 giving me a return of 2% for the week. It was however a disastrous week for me with PVSRA as I was not applying the above.

All in my humble opinion and with complete respect for TAH's fabulous performance and diligence for posting every single trade realtime.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #50,626
  • Jun 7, 2013 10:58am Jun 7, 2013 10:58am
Quoting revoli
{quote} Do you mean you have a dedicated virtual server with them?
No I was simply referring to the fact it was a live account and therefore I am utlizing their slew of live servers. Have not tried their demo servers so I am not sure how they compare to reliabilty etc... I have contiplated the whole VPS thing but for now my laptop with extra much larger monitor and a back-up hardrive and battery back-up powersource works fine for me. Others have said this but it is most likely a server issue on your brokers end more so than a computer issue on your end.

Best of luck in resolving your issues.
Today's zone = Tomorrow's opportunity!
  • #50,627
  • Edited 11:22am Jun 7, 2013 11:07am | Edited 11:22am
I have closed all GJ trades for a 6.3% gain. I have now re-entered short as seen on chart.
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  • #50,628
  • Jun 7, 2013 11:22am Jun 7, 2013 11:22am
Quoting EstTrade
{quote} Wrong things? Of course people like fairytale of awesome trader who is one of the most profitable retail traders that keeps many of newbies trading and believing that they can do it one day also. Fairytale is being told by posting pictures where you can show anything you want and make it into your benefit. It would be possible to come into live and show with facts in trade explorer that such a man exists but NO, you wont do this. Hmmmm... I liked when you posted some time ago classic Sonic trades with Stop Loss and Take Profit. You had losing...
here is a SonicR pure scout system result of 45 days.
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Price Is The Best Indicator Itself.
  • #50,629
  • Jun 7, 2013 11:36am Jun 7, 2013 11:36am
I have been following this thread for about a week now. I followed more threads on FF a few years ago. I just restarted trading Forex and admit before I was not successful. I was glad to find a thread where a 'system' is clearly explained and the tone is (or is it 'was') friendly.

Seems there is allways the same pattern in the life cycle of threads: introduction to "system", enthousiastic followers, people who want to stay with the basics of the system, people who want indicators and experts, people doubting the system, people attacking the system and the ones who developed or follow it, followers leaving the thread, originators leaving the thread, thread is dead.

I learned a lot from this thread the last few days and want to thank Sonic for starting it and TAH for keeping it alive (that is how I see it). I trade a (very small) live account at Oanda's and a demo account at Alpari. I opened EU short positions @1.3086, 1.13056, 1.1315 on my Oanda account. I wanted to try what Sonic & TAH described. I understand their reasoning (I think), while opening these positions (Scouts) was far from what I did before. And I followed the advice on management. These positions will not "kill" my small account!

Now: how many units did I open, what is 'small', what is my 'loss' in $$ of these open positions, did I trade other pairs, what did I trade in the demo??? Who cares?
And yes, my Oanda account is up for this week more than 10%. All based on trades derived from what I read here. How many $$$ that "more than 10%" is? Who cares? Is it true? Yes. Do you believe me? I do not care.

So if you follow this thread, follow it for your own benefit learning from what is teached, help others understand the 'system'. If you find it necessary to post trades, do it like TAH does (from entry to exit, nearby live).

BUT: respect someones argumented decision to not do what you would like him to do. If you do not like what the guy(s) who contribute the most on trying to explain what SONIC R and PVSRA is post or (not) do, then leave this thread and go have fun elsewhere.

Please Sonic, TAH and other contributers explaining this system and how Forex works: keep up the good work and keep this thread alive!!!
Posting Demo charts, mirroring some of them live.
  • #50,630
  • Jun 7, 2013 11:38am Jun 7, 2013 11:38am
Quoting revoli
{quote} Do you mean you have a dedicated virtual server with them? Jason at FXCM mentioned something about this. As I know he will get this message perhaps he could PM me. This has always been a bugbear with me, especially at FXCM but that may be a way round it and if FXCM can offer a good service I might reopen my account. I run 8GB RAM icore i7-2600 @3.4GHz with nothing else.
I have Live account with Oanda, and I had same problem, i found an easier solution, before news I just turned the PVA alert off, and it helps alot, the best way is to make an MT4 profile for news, which include only required charts, indy's and no alert.
regards
  • #50,631
  • Jun 7, 2013 11:39am Jun 7, 2013 11:39am
Here is my balance in my test account since I met SonicR System and PVSRA, since April 1st. I don't know if the balance is true because I made a small withdrawal. And this is only with 2 months of practice, normally a system takes at least 12 months until u fully dominate it.

Of course there were mistakes and lessons to learn for the future, but I can't be happier with the overall result.
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To fail is just an opportunity to learn
  • #50,632
  • Jun 7, 2013 11:46am Jun 7, 2013 11:46am
Quoting EstTrade
{quote} Wrong things? Of course people like fairytale of awesome trader who is one of the most profitable retail traders that keeps many of newbies trading and believing that they can do it one day also. Fairytale is being told by posting pictures where you can show anything you want and make it into your benefit. It would be possible to come into live and show with facts in trade explorer that such a man exists but NO, you wont do this. Hmmmm... I liked when you posted some time ago classic Sonic trades with Stop Loss and Take Profit. You had losing...
Well I am new here too (I have been reading for last 5-6 months but never posted). However I do not know why TAH is so patient of people who are just hell bent on criticizing him. I do feel before saying anything you have to rise to his level and then only you have moral right to criticize.
This is trading so you certainly dont have to agree with his views, positions, claims etc but that doesn't mean you can just keep piling on negative stuff on him. To me he is probably as profitable in this thread (may be at FF) as anyone else. and clearly he is most transparent about his trades.

On use of explorer:

If you want this, there is an easy solution if you are willing to put some work. He posts his trades 99% here in real time. you can open an account and mimic his trades and link to explorer. There you go - you will have a running performance. Yes it does not put what % of capital he is using on his trades. just assume something constant lot size. then you can adjust based on his max intraday DD what account size would have been needed for that size.
Now i really wish you take up on this and contribute to this forum. Until then you have no right to criticize TAH or anyone else.

and to TAH : Thank you for all your work here. While i dont always agree with the conspiracy theory of MM moving the mkts on the whim (i have seen big banks FX desks and you would be surprised they have no clue or power - they make money by charging clients even bigger spreads than it takes them to hedge out risk. and clients trade because sales people take them out to nice *places*).

But your method of looking at market certainly have some thing right behind it (in my perception).
Think : Trade : Live Life
  • #50,633
  • Jun 7, 2013 11:52am Jun 7, 2013 11:52am
Quoting revoli
Slow and Easy PVSRA I know people here are trying to help but lets focus on how to improve this system. TAH has his own method and that may in the long term prove to be the perfect system but for now the drawdowns are potentially unlimited so I dont care how good your money management is if your are playing with a decent sized account (ie one that generates your income) then this system is not yet viable simply because we have no exit strategy for when things go wrong. ...... All in my humble opinion and with complete respect for TAH's fabulous...
Thank you for this addition Revoli. I think it could keep traders out of trouble (not allways, but at least more ...)
Posting Demo charts, mirroring some of them live.
  • #50,634
  • Jun 7, 2013 11:55am Jun 7, 2013 11:55am
This is one of my accounts with which I work from January 2013, and some traditional sonic explorer, but with only confirms the analysis, I'm completing an automatic 4-dimensional analysis to filter the signals and avoid being in the wrong direction with more than 300 10 pips for explorers. I'd rather do a few Basic operations but of excellent quality. The quantity also leads to increase the errors.

However, I opened a second account from 1 week with lite forex because they are not convinced of this strategy no loss, I see no failure of the operation.
Last year with a strategy no loss I burned + / - Audi Q5, you know?
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500euroalgiorno.wordpress com
  • #50,635
  • Jun 7, 2013 12:05pm Jun 7, 2013 12:05pm
This is test on lite forex.
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500euroalgiorno.wordpress com
  • #50,636
  • Jun 7, 2013 12:34pm Jun 7, 2013 12:34pm
Quoting EstTrade
{quote} Wrong things? Of course people like fairytale of awesome trader who is one of the most profitable retail traders that keeps many of newbies trading and believing that they can do it one day also. Fairytale is being told by posting pictures where you can show anything you want and make it into your benefit. It would be possible to come into live and show with facts in trade explorer that such a man exists but NO, you wont do this. Hmmmm... I liked when you posted some time ago classic Sonic trades with Stop Loss and Take Profit. You had losing...


The obvious answer would be - why would he need to prove anything to you or anyone. This thread is not selling anything or forcing anyone to trade a certain way. Concentrate on your own shortcomings

Do your own homework Marv
  • #50,637
  • Jun 7, 2013 12:54pm Jun 7, 2013 12:54pm
They pump above 129.00 and 151.50 in EJ GJ so am dumping above those price who is with me....
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  • #50,638
  • Jun 7, 2013 12:59pm Jun 7, 2013 12:59pm
SonicR Trade Levels Upgrade

Sonicers, some nice work is being done on this indicator.

St3ve has coded the ability to capture trade level data from the MT4 orders so they do not have to be manually entered. There is a problem here, in that once the trade closes this datum is cleared. It means the trade levels data must also be manually entered anyway if you want to be able to take a picture of the trade closed after it has closed, so you can post it.

Emmanuel7788 has contributed coding of arrows that depict trade entries in a more visual way, which is a real plus. There is a problem here too, in that the arrow background is beneath the Dragon. That is how the arrow object is and there is nothing that can be done about it. Using Wingdings does not help since none of them are drawn at the precise level of the entry as is the MT4 arrow object.

We owe a lot of thanks to St3ve and Emmanuel7788 for their contributions to this indicator.

So, things are moving forward, but when finished it will not be the "perfection" some might wish. Below is a picture of the current state of display.
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  • #50,639
  • Jun 7, 2013 1:07pm Jun 7, 2013 1:07pm
Quoting revoli
{quote} Do you mean you have a dedicated virtual server with them? Jason at FXCM mentioned something about this. As I know he will get this message perhaps he could PM me. This has always been a bugbear with me, especially at FXCM but that may be a way round it and if FXCM can offer a good service I might reopen my account. I run 8GB RAM icore i7-2600 @3.4GHz with nothing else on it so shouldn't be a major issue but a dedicated server might sort it. Anyway I will not clutter up thread here but promise to report back in brief if I find a whizzo solution....
Really good Revoli, thank you very much , very interesting...
Newbie trader
  • #50,640
  • Jun 7, 2013 2:28pm Jun 7, 2013 2:28pm
The EU Hammer

Every time I see the EU chart, I'm more convinced that yesterday was the most perfect move by MM's since I'm trader. Just remember this post. EU will be like a hammer and I would not discard 1.20-1.15 at the end of the year. Of course, this is long-term. But winter is coming.

In the chart I attach, you can see the initial sell off and then how the price is being pushed up almost 500pips. After that, we can see the biggest volume in 1h chart since September 2012 (at least in my broker).

Eurozone will face a very chaotic situation. This is just a comment I will use to quote myself in the future. So, future Tymedu, I hope you are not busted .

Have a great weekend guys.
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To fail is just an opportunity to learn
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