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Sonic R. System

  • #50,941
  • Jun 12, 2013 6:15am Jun 12, 2013 6:15am
Quoting zakopiec
{quote} Big Money, banks, Market Money http://en.wikipedia.org/wiki/Money_market

and .. Market Maker
  • #50,942
  • Jun 12, 2013 6:17am Jun 12, 2013 6:17am
possible scout entry
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didnt took it because still have yuro to manage
Quoting jasakreatif
{quote} barcelona is my favor football team , but madrid is beautiful city {image} {image}
  • #50,943
  • Jun 12, 2013 6:49am Jun 12, 2013 6:49am
Hi all gurus,

Currently I have 3 losing positions still open, two on GU and one on EU. And I am down 50% on my draw down. My questions are, should I have put stop loss of 100 pips instead of just adding position without SL while the trade is still going against my position? Now my funds are stuck in the positions and I cannot trade other pairs.. and lets say I had my stop loss in place looking at the movement of EU and GU in the past week it looks like all my SL would have been hit.. What can I learn from here?
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  • #50,944
  • Jun 12, 2013 6:55am Jun 12, 2013 6:55am
Quoting mouldy
{quote} Great find!
What an article. Interestingly it confirms the MM strategy in the 1M time frame at London close...
  • #50,945
  • Jun 12, 2013 7:21am Jun 12, 2013 7:21am
Quoting traderathome
{quote} UCad Long Trade: Added longs #5 and #6, Scouts, via pending orders that executed during pullback. The stinking banks snookered folks here, with an extreme pullback, and still before all those USD releases that are coming. For my money, they ran the price up earlier to suck in longs and then back down to essentially steal those long positions by stopping folks out. I expected a pullback, just not this deep. Adjusted mental TP. {image}
UCad Long Trade:

Added long trades #7 and #8, Scouts. M1 PVSRA shows price dropped below previous low, followed by increased trading, indicating the MMs are bulls. adjusted and set TP1.
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  • #50,946
  • Edited 8:09am Jun 12, 2013 7:55am | Edited 8:09am
Quoting Cheng
Hi all gurus, Currently I have 3 losing positions still open, two on GU and one on EU. And I am down 50% on my draw down. My questions are, should I have put stop loss of 100 pips instead of just adding position without SL while the trade is still going against my position? Now my funds are stuck in the positions and I cannot trade other pairs.. and lets say I had my stop loss in place looking at the movement of EU and GU in the past week it looks like all my SL would have been hit.. What can I learn from here? {image} {image}
Let me understand correctly. You have only three trade components going, and you are down to having a Free margin that is only half of your Margin? What happened to trading "very, very light relative to account size"? If you are attempting to trade using the concept of adding to a trade (Classic) using Scouts when the price moves against the trade, but PVSRA says the MMs are still on your side of the trade, then you are trading way too large a size per trade component if three components puts you on the sidelines, imho. If you are trading lots, you need to trade mini-lots. If you are trading mini-lots, you need to trade micro-lots. That should give you 30 instead of only 3 shots. Frankly, it would be better if you had twice as many as that even, 60 shots, before having to sit on the sidelines. Sounds like you are trading with cannon balls when you should be trading with B-Bs.
  • #50,947
  • Jun 12, 2013 8:04am Jun 12, 2013 8:04am
Quoting traderathome
{quote} Let me understand correctly. You have only three trade components going, and you are down to having a Free margin that is only half of your Margin? What happened to trading "very, very light relative to account size"?
I admit is my greed that took over me..now I am stuck. Lesson learnt.
  • #50,948
  • Jun 12, 2013 8:06am Jun 12, 2013 8:06am
Quoting Cheng
Hi all gurus, Currently I have 3 losing positions still open, two on GU and one on EU. And I am down 50% on my draw down. My questions are, should I have put stop loss of 100 pips instead of just adding position without SL while the trade is still going against my position? Now my funds are stuck in the positions and I cannot trade other pairs.. and lets say I had my stop loss in place looking at the movement of EU and GU in the past week it looks like all my SL would have been hit.. What can I learn from here? {image} {image}
I've followed this thread from 4 months and the last 500 pages, the first 50 mandatory! 2 things - 1 money management is more important than anything, 2-trade what happens, not what you want to happen! The rest is what you show PA. Price control indicators, they help that you can not see with the naked eye.
Good luck in the future!
  • #50,949
  • Edited 8:38am Jun 12, 2013 8:23am | Edited 8:38am
GU:

Heavy US trading at the 3/4SR is so far confirming the area as resistance. This is just another way of saying the MMs are bears and are loading up on shorts up there. If price drops down thru the half number today, we should have a good Classic short setup to trade. Or, the MMs might drag things out until the releases tomorrow (more than likely).

Keep in mind, this is a Double Top now. If/when price drops, it could be an excellent short trade.

All this is typical of the stinking banks. First, they push the cow up onto a pedestal, then they milk the cow until she is drained and raw, finally they shoot her in the head and toss her carcass off the pedestal.
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  • #50,950
  • Jun 12, 2013 8:37am Jun 12, 2013 8:37am
Quoting traderathome
{quote} Let me understand correctly. You have only three trade components going, and you are down to having a Free margin that is only half of your Margin? What happened to trading "very, very light relative to account size"? If you are attempting to trade using the concept of adding to a trade (Classic) using Scouts when the price moves against the trade, but PVSRA says the MMs are still on your side of the trade, then you are trading way too large a size per trade component if three components puts you on the sidelines, imho. If you are trading...
Thanks for the reply. So for the scout trades we enter trades that are 1/10 of what we would normally trade or smaller. For classic entry and re entry do we still use smaller lots than normal? Or can we trade with normal lot size?
  • #50,951
  • Edited 8:56am Jun 12, 2013 8:45am | Edited 8:56am
Quoting Cheng
{quote} Thanks for the reply. So for the scout trades we enter trades that are 1/10 of what we would normally trade or smaller. For classic entry and re entry do we still use smaller lots than normal? Or can we trade with normal lot size?
If you are trading via the "building a position" instead of a single entry, then I recommend all trade components, including the Classic, be the exact same size. That is what I have always said. I never said anything otherwise. No place in any of my posts have I even hinted at treating one type of entry different from another as regards size!

I don't know where all this shit comes from! But any trader can do exactly as they damn well please. There can be heavy consequences to suffer, though, if they trade too heavily using the "building" strategy.

The whole idea behind the "building a position" strategy is to have enough bullets so you can take advantage of the price moves, when the MMs move the price to take advantage of you!

Or, to put it humorously, "With PVSRA we don't use SLs. We use Scouts!"
  • #50,952
  • Jun 12, 2013 8:53am Jun 12, 2013 8:53am
Quoting traderathome
{quote} If you are trading via the "building a position" instead of a single entry, then I recommend all trade components, including the Classic, be the exact same size. That is what I have always said. I never said anything otherwise. No place in any of my posts have I even hinted at treating one type of entry different from another as regards size! I don't know where all this shit comes from! But any trader can do exactly as they damn well please. There can be heavy consequences to suffer, though, if they trade too heavily using the "building"...
Thanks I got it. I'm still trying to get the hang of this strategy. Peace.
  • #50,953
  • Jun 12, 2013 9:23am Jun 12, 2013 9:23am
ArtfulDodger,

Ok, now we have two candidates for the slogan, when we officially launch the PVSRA......

"PVSRA, the wave of the future."

or, ......

"With PVSRA we don't use SLs. We use Scouts!"

.......and still looking for more. But, honestly, I am kind of partial to the latter one.

-tah
  • #50,954
  • Jun 12, 2013 9:35am Jun 12, 2013 9:35am
PVSRA, GU: Bull or Bear?
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  • #50,955
  • Jun 12, 2013 9:39am Jun 12, 2013 9:39am
PVSRA, EU: Bull or Bear?
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  • #50,956
  • Jun 12, 2013 9:42am Jun 12, 2013 9:42am
PVSRA, AU: Bull or Bear?
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  • #50,957
  • Jun 12, 2013 9:55am Jun 12, 2013 9:55am
AU and the Stinking Banks

Do you see AU has paused at the FR 50% retrace level? Do you know why? The dirty rotten stinking banks are holding it there so all those that are biased long and have waited for the 50% retrace can get in!
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  • #50,958
  • Jun 12, 2013 10:06am Jun 12, 2013 10:06am
Quoting traderathome
{quote} UChf Long Trade: Added long trade #13, Scout. M1 PVSRA shows MMs moved price lower, following with increased activity, indicating the MMs are bulls that manipulated the price down to advantage their long building work. {image} {image}
UChf Long Trade:

Added long trade #14, Scout. No SL. Adjusted and set TP, but remains tentative.
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  • #50,959
  • Jun 12, 2013 10:59am Jun 12, 2013 10:59am
Although we are still early in the day , but I hope today candle stick will close forming a hanging man reversal patern and we start going south

I was not able to upload the chart tried many times before to insert my trades life but cant upload charts , after I take the screenshot and crop it and press insert it then I make preview I find nothing
any hint for how to insert the charts in my post will be helpfull

regards
back to square no one , over trading is my sin , never get the lesson
  • #50,960
  • Jun 12, 2013 11:00am Jun 12, 2013 11:00am
MARGIN CALL
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