Howdy Guys..
Sonic
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Sonic
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- #50,842
- Jun 11, 2013 6:35am Jun 11, 2013 6:35am
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...
Excellent result. Look and learn traders, TAH is showing the professional way to trade. Experiment within safe bounds (ie small or demo), analyse, learn, take the good bits and add to the armoury. Looking forward to the next instalment. At the end of the day trading needs to be approached like any other job, in a professional and reliable manner. If it gets too exciting then you probably need to back up a bit.
PVSRA as Advanced Radar
Here's how I intend to use PVSRA (I have had to exit all my positions, for a reasonable profit as been unable to attend my screen for a while). Taking GU as example.
Looking at hour chart a clear uptrend kicked off at A following a Classic Sonic on 15 min chart earlier. Safe entries from PVSRA at least three times after that. Now look at the black circles; these are warning signs to me of profit taking but too early to enter short. That final acceleration of the trend clinched it for me and I jumped in made lots of pips on retrace but failed to book them all. Green circles at B SHOULD have told me there was a risk in staying with the trade and to get out - I was not able to at the time so missed opportunity to book all of those but closed out for a healthy profit.
Drilling down to M15 the uptrend is not broken, the dragon is meandering around like a lost soul. There were opportunities as things bounced around for some PVSRA trades, long biased to go with the trend until it gets broken but there is quite a lot of evidence for exiting of longs and even shorts building. Make your own choices on that. I am waiting for a clear signal as I am just not up to sitting at a screen today so keeping my powder dry. I would like to see volume AND TREND CHANGE through a classic or wave action, or trend lime break ar preferably all three but I watching according to my PVSRA interpretation. The really big volumes have been on upspike peaks so its probably going to break IMHO.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
- #50,843
- Jun 11, 2013 6:52am Jun 11, 2013 6:52am
Here's my M15 GJ (in hindsight as I was in bed). There is enough evidence at A to start looking for a good shorting opportunity with Lower lows and lower highs, and bigger volumes at highs. An amber light on the PVSRA early warning radar. Sonic Classic occurs shortly after even though volume a little suspect. But zoom in a bit and the entries become easier to see with the dragon firmly tamed and being dragged down, and volume kicking off and showing the way. Now all I have to do is be awake to take these. That acceleration at A and big volume at B signals a pause at least. The trend is intact but 200 pips drops is pretty large so If I had been lucky enough to ride this I would have packed up for the day. I am only doing this in hindsight as I have been unable to trade today and its a good discipline to see what you should have done. One day I will do this perfectly instead of only half the time . Shared here for general interest and empowerment for all.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
- #50,852
- Jun 11, 2013 8:13am Jun 11, 2013 8:13am
{quote} I have to 100% Agree... Nice Setup... Waiting for this USD/CHF to breakout! {image}
Btw to learn is nice practice with 8 pairs, i discover that i should trade only with one
BTW take a look to other pairs to confirm the move of your pair with other 85% positive or negative correlation is a good way to stay more secure in the trade.
All my trades are in demo, dont do these things at home without permission!
- #50,853
- Jun 11, 2013 8:20am Jun 11, 2013 8:20am
{quote} hahaha. OK bro. Envy huh? and that's not demo. and i said i am sorry if i am wrong. say the truth br. just dun lie. sharing is caring as master sonic say. {image}
If you post it like this i'm sure it will be better
- #50,855
- Jun 11, 2013 8:23am Jun 11, 2013 8:23am
{quote} hahaha. OK bro. Envy huh? and that's not demo. and i said i am sorry if i am wrong. say the truth br. just dun lie. sharing is caring as master sonic say. {image}
Was the truth, was 5 lots in 2 different demo account. What sense have lie in demo accounts? Think about it.
Scuderia show me your trades like i did and i will respect you like i do with the masters.
Ummm another question... ¿The trade was bad or good?
We are here to learn and comment trades
Please dont reply more, we are distracting the people with this stupid conversation.
All my trades are in demo, dont do these things at home without permission!
Peace.