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Sonic R. System

  • #50,821
  • Jun 10, 2013 4:57pm Jun 10, 2013 4:57pm
Quoting traderathome
UCad Long Trade: Entered long trades #1, $2 and #3, Scouts. SL and TP are mental/tentative. {image}
UCad Long Trade:

Added long #4, Classic,....or what I figured to be a Classic. Price moved up, I entered, price immediately receded. Yeah, I know. Pre-LS and flat Dragon. See, anyone can be impatient and execute incorrectly. Anyway, it is done. Now, to see what follows today. No SL, no TP at this time.
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  • #50,822
  • Jun 10, 2013 5:07pm Jun 10, 2013 5:07pm
Tah what is ure prognoses with EU? I am having mixed signals here!
There is no spoon....
  • #50,823
  • Edited 5:24pm Jun 10, 2013 5:11pm | Edited 5:24pm
Quoting Msis125125
Tah what is ure prognoses with EU? I am having mixed signals here!
EU and GU:

Hell, EU is flat! How can "flat" give mixed signals?

As I see it, price is above the half number SR, so anything the MMs do here might be considered bearish. All this activity could be about "distribution", with the pump yesterday to suck in longs so the MMs could get more shorts. And, the bear MMs have room to do another pump to suck in more longs, turning this into a Double Top.

They could do it with GU, also. We'll see.
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  • #50,824
  • Jun 10, 2013 5:48pm Jun 10, 2013 5:48pm
Any ideas for pending orders in the YEN pairs? I will be sleeping during the conferences. I am thinking bear movements but I must find the proper sell limit.
  • #50,825
  • Jun 10, 2013 5:52pm Jun 10, 2013 5:52pm
Quoting traderathome
{quote} EU and GU: Hell, EU is flat! How can "flat" give mixed signals? As I see it, price is above the half number SR, so anything the MMs do here might be considered bearish. All this activity could be about "distribution", with the pump yesterday to suck in longs so the MMs could get more shorts. And, the bear MMs have room to do another pump to suck in more longs, turning this into a Double Top. They could do it with GU, also. We'll see. {image} {image}

As always brilliant. Man where do you hang out maybe we can grab a coffee?
There is no spoon....
  • #50,826
  • Jun 10, 2013 6:02pm Jun 10, 2013 6:02pm
Quoting traderathome
{quote} EU and GU: Hell, EU is flat! How can "flat" give mixed signals? As I see it, price is above the half number SR, so anything the MMs do here might be considered bearish. All this activity could be about "distribution", with the pump yesterday to suck in longs so the MMs could get more shorts. And, the bear MMs have room to do another pump to suck in more longs, turning this into a Double Top. They could do it with GU, also. We'll see. {image} {image}

What about that scenario?
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There is no spoon....
  • #50,827
  • Jun 10, 2013 7:46pm Jun 10, 2013 7:46pm
Quoting traderathome
The Sonic R. System Classic Trade and PVSRA It is time to tighten down the bolts on PVSRA. I have had ten weeks of fine results from PVSRA. Even five months if counting the results from pre-PVSRA. But, it is time to reign in this bronco and use it as an elegantly simple analysis to go with the elegantly simple and effective Sonic R. System Classic trade. This means using PVSRA to qualify Classic setups before entry, to use PVSRA to decide if to stay in or get stopped out of a Classic trade if the MMs turn the price direction after entry (and to...
TaH, I think this is the sensible outcome. I'm glad your finally on board. This is what I have been saying for weeks. In my mind, the way Sonic Scout trades have been taking in this thread, it was reckless and quite simply unsustainable. It was one big move away from account destruction, it was ok when the daily price bounced around but what happened when your shorts were trapped much lower as the price ripped higher? Any experienced trader could tell you that would end in destruction.

I think we can all now agree that Sonic scout has merit. I would definitely agree that it works well for identifying sonic classic trades early and boost your probability of winners.

Lets get this thread back on track. The main focus should be sonic classic trades with sonic scout supplementing these. I'd urge everyone to stick with what we knows works well; sonic classic trades. Remember - the trend is your friend.

Best of luck trading guys.
  • #50,828
  • Jun 10, 2013 10:36pm Jun 10, 2013 10:36pm
GU: The price was pumped up to near 1.56 and the down arrows show where theres heavy selling. Although I dont know when the next down move will be, it seems pretty bearish to me still.
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  • #50,829
  • Edited 11:46pm Jun 10, 2013 11:35pm | Edited 11:46pm
Predicting vs Trading

We slip into flipping back and forth the chart time frames and viewing for patterns, etc. while at the computer and getting bored when there is little price action. It is not a good thing to do because if you think you see something on one of those larger TF charts, it might cause you to develop a bias based on it. Then, under the spell of that bias, we start viewing anew, looking for possible levels price might move to according to our bias.

Meanwhile, the MMs might be setting up to swing the price in the opposite direction.

Even the analysis that is PVSRA does not point out direction. It only indicates if the MMs are bulls or bears, and we know that either of these beasts can move price in both directions to serve their objectives, the "wrong" direction to "build" and the "right" direction to make "profits".

Predicting can be fun, but it is counter productive and worse. As Master Sonicdeejay often has said, "Let the Dragon and PA show the way." When they have pointed out the direction, and when that direction is the profit making direction for what PVSRA indicates the MMs are (bulls or bears), we should be trading, which is more fun than predicting.
  • #50,830
  • Jun 10, 2013 11:50pm Jun 10, 2013 11:50pm
Quoting traderathome
The Sonic R. System Classic Trade and PVSRA It is time to tighten down the bolts on PVSRA. I have had ten weeks of fine results from PVSRA. Even five months if counting the results from pre-PVSRA. But, it is time to reign in this bronco and use it as an elegantly simple analysis to go with the elegantly simple and effective Sonic R. System Classic trade. This means using PVSRA to qualify Classic setups before entry, to use PVSRA to decide if to stay in or get stopped out of a Classic trade if the MMs turn the price direction after entry (and to...
. Not easy decision. The great decision. The great work and the great man
I learn sonic analysis from 2 months.
I don't understend all (language) but I will stay here.
Thx sonicdeejay and TAH
  • #50,831
  • Jun 11, 2013 12:14am Jun 11, 2013 12:14am
Reminder

Sonicers,

Your SonicR FFCal Panel indicator has an alert. It works on the next up Headline. For example, if you are watching YEN pairs there is a high impact BOJ Press Conference in about one hour and 15 minutes from now. You can set the alert simply by entering "5", meaning for five minutes, and five minutes before that next up release you will get the alert tile on your screen. Very simple to use. Of course, if there is another release coming sooner, maybe a lower impact release, you need to make showing those lower impact releases "false" so that the BOJ Press Conference is the top one showing.
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  • #50,832
  • Jun 11, 2013 1:18am Jun 11, 2013 1:18am
A trend analysis of EN (NOK)
inspiration for some trade

http://500euroalgiorno.blogspot.com/2013/06/en.html
500euroalgiorno.wordpress com
  • #50,833
  • Jun 11, 2013 2:33am Jun 11, 2013 2:33am
Quoting capetown
Just to add to Your post, what I see in these last days, a lot of people started to ask what is demo and live and. etc..... , When everything was pink, everyone was getting excited. Then came bad day and everything " fall a part ". And a lot of people started to question U.??? I follow Your thread 3 months, I trade live, I learned a lot, I asked questions which were never answered, but I understood ( READ POST #1 ) and I red. I hope is correct " red ". So, just to say, I think this is best thread, it is a lot of...
I suspect that the "bad day" some of our fellow traders experienced in their efforts
of learning to trade by applying PVSRA was a result of being greedy and using lot
sizes that were waaaaaaay too big.

I had a trade going, with multiple EP's - of a sufficiently small size - and I was able
to ride out the "storm" allowing me to return to the profit side of the equation after
the winds died down again. I am trading with an extremely small account (less than
$75 when the trade began), and the downside was never, at any time, an issue.

Greed serves no good purpose in a successful trade. It does make the MM's smile though!

  • #50,834
  • Jun 11, 2013 2:37am Jun 11, 2013 2:37am
Quoting traderathome
{quote} PVSRA, UCad: Bulls or Bears? UCad: It is customary to look at the following bar. If a strong bear bar is followed by another bear bar closing lower, then yes = weakness. If followed by a bull bar, then = budding strength. We don't have a "following" Week bar yet. By the time we do, this week's action will all be over with! So, if you use the Day chart instead, you won't have to wait so long for a following bar. The Day chart does not show so bearish. In fact, price action could be at the reversal point, which is exactly what PVSRA on lower...

TAH, just wanted to say that I love your little "pop quizzes."

I'm slowly getting the hang of spotting the sentiment by studying these quizzes.

You have done an excellent job teaching us by postings such as these!

  • #50,835
  • Jun 11, 2013 2:52am Jun 11, 2013 2:52am
Where are you Mr.sonic deejay? We never see you posting anymore.
  • #50,836
  • Jun 11, 2013 4:22am Jun 11, 2013 4:22am
GJ starting their run for profit?
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  • #50,837
  • Jun 11, 2013 4:34am Jun 11, 2013 4:34am
  •  St3ve
  • | Joined Jan 2013 | Status: Recovering from losses ... | 77 Posts
Quoting Cheng
GJ starting their run for profit?
If the daily candle closes at the current or a lower level, we would have a bearish engulfing candle which would definitely support the run for profit!

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steve
  • #50,838
  • Jun 11, 2013 4:45am Jun 11, 2013 4:45am
Quoting traderathome
{quote} EU Short Trade: Added short trades #14 and #15, Scouts. Adjusted mental SL and TP. {image}
EU Short Trade:

Added short trade #16, via pending Scout that executed. Adjusted SL and TP remain mental.
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  • #50,839
  • Jun 11, 2013 4:46am Jun 11, 2013 4:46am
Quoting St3ve
{quote} If the daily candle closes at the current or a lower level, we would have a bearish engulfing candle which would definitely support the run for profit! {image} steve
Thanks for the reply steve. I'm still very new to the analysis. So I was pretty unsure if the MMs have started their run for profit. Looks like they are indeed taking profits now. But I have already closed my trade..
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  • #50,840
  • Jun 11, 2013 5:00am Jun 11, 2013 5:00am
First TP taken in my earlier GPB/JPY scout trades for 250 pip profit. Going to let the other two open GBPJPY trades run for the next day or two and then reassess.

I'm up roughly 1300 pips for the week, but simply stating pips doesn't mean anything. The key to these winning trades is not letting your ego get in the way of your trading and be flexible in your approach.

Remember - the market can remain irrational for longer than you can stay solvent.

Best of luck trading everyone.
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