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Sonic R. System

  • #50,981
  • Jun 12, 2013 12:34pm Jun 12, 2013 12:34pm
Quoting DmitryFX
{quote} Tymedu, look, let us identify the basic conditions. You said "I normally trade using 5m and 15m". Does it mean you are doing the short term trades? I think NO. Why? Because short term trades means very fast closing (lets say no more then couple of hours). Am i right? If i am right , then tell me what is the reason to use for long term trades a ripple from intradays? {image}
I´m not doing short-term trades. I normally do mid-term. Mid-term for me is from 3 to 10 days (normally). Maybe for you mid-term is 30 days, I don't know, it's very subjective. But I think for my mid term trades, to look 1H charts it's ok. Maybe I'm wrong...
To fail is just an opportunity to learn
  • #50,982
  • Jun 12, 2013 12:57pm Jun 12, 2013 12:57pm
Quoting traderathome
{quote} fex, There are two questions you need to ask and explore. One, why did you get a margin call? Overtrading. We've been thru this over and again. If you are trading "position building" vs single entry trades, you need to convert from trading cannon balls to trading B-Bs. You need to have the ability to fire many shots, figure 15 average per pair traded, times however many pairs you want to set up to trade, and not reduce your account even by as much as 20% if every single trade component is down 300 pips, or maybe you should base that on...
TAH, sincerely thanks.
First, yes, I confessed and I confess: overtrading. I do not know build positions. (I wanted to upload a graphic with all my mistakes, but my trades have disappeared ).
Second, I like to build positions, I like angling that spear. I'm still learning from you and others. :nerd:
Third, I like PVSRA and still in my plans.
Fourth, Hansma's a great guy, despite having a pact with the devil.
Newbie trader
  • #50,983
  • Edited 1:10pm Jun 12, 2013 12:58pm | Edited 1:10pm
Quoting Tymedu
{quote} I´m not doing short-term trades. I normally do mid-term. Mid-term for me is from 3 to 10 days (normally). Maybe for you mid-term is 30 days, I don't know, it's very subjective. But I think for my mid term trades, to look 1H charts it's ok. Maybe I'm wrong...
It does not important how you/I will name it - short/middle/long-term.
The rule is very simple and you mention it before "you should look 2 or 3 higher time frames to identify the trend you have to trade with."
So, if duration of your trades is "3 to 10 days (normally)" then to identify the trend better to use Weekly trend.
All above is IMHO.
Just feel it, mate!
Everything is possible!!! Step by Step...
  • #50,984
  • Jun 12, 2013 1:13pm Jun 12, 2013 1:13pm
Quoting fex
{quote} TAH, sincerely thanks. First, yes, I confessed and I confess: overtrading. I do not know build positions. (I wanted to upload a graphic with all my mistakes, but my trades have disappeared ). Second, I like to build positions, I like angling that spear. I'm still learning from you and others. :nerd: Third, I like PVSRA and still in my plans. Fourth, Hansma's a great guy, despite having a pact with the devil.
fex,

I didn't know hansma had a pact with the devil. You sure? I don't think so. He seems a really nice guy, just a bit reclusive. He is sort of like the tenured college professor that makes it to his class once a month, puts something cryptic on the board as though it was self-explanatory. Then leaves.
  • #50,985
  • Jun 12, 2013 1:58pm Jun 12, 2013 1:58pm
PVSRA, UCad: Bull or Bear?

Price action today makes it look like this pair might be in the final stage of the Accumulation phase. If so, then in the rest of this week might start the Mark Up.
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  • #50,986
  • Jun 12, 2013 2:10pm Jun 12, 2013 2:10pm
UChf:

A bullish viewpoint.
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  • #50,987
  • Jun 12, 2013 2:31pm Jun 12, 2013 2:31pm
EU:

A bearish viewpoint.
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  • #50,988
  • Jun 12, 2013 2:32pm Jun 12, 2013 2:32pm
Quoting revoli
I find my self in with shorts on GU and EU. Why? Because I broke my rules so now I am 20 (x10) pips down on the day . ... Believing MM's playing games I even shorted against the trend at B. There really is no excuse for being long here,
Should long be short here?
Posting Demo charts, mirroring some of them live.
  • #50,989
  • Jun 12, 2013 2:46pm Jun 12, 2013 2:46pm
Quoting forexpiet
{quote} Should long be short here?
forexpiet,

I believe so. He is on the short side of them (as am I). These are trying times. The stinking banks have unlimited money to force price however they want to (fiat credit, they are banks after all). And multiple high impact releases are headed this way. It all adds up to a Market Manipuators fantasy, and stark terror for the uninitiated. It could well turn out that revoli makes out quite well, once the MMs finish loading up and start manipulating the other way to make profits.
  • #50,990
  • Edited 3:31pm Jun 12, 2013 3:00pm | Edited 3:31pm
Demand & Supply. Oh, How Fickle Thou Art!

See, demand or supply levels are only what the MMs want them to be, when they want them to be! Very fickle stuff. This is just support and resistance called by another name, and you can never know if the levels will be what they once were. Yes, they are possible pausing, stopping, or reversal areas, but that is all they are. Nothing magical is imparted to them simply by calling them by a different name.

It is important to understand is that the price will not move lower (as if the Supply Zone was indeed a Supply Zone) unless and until the MMs decide to start adding to their short positions at lower prices. Supply and demand zones carry no special significance. It is the unpredictable actions by the MMs that stand apart from everything else, and are all that have significance in these matters.
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  • #50,991
  • Jun 12, 2013 3:39pm Jun 12, 2013 3:39pm
Quoting traderathome
EU: A bearish viewpoint. {image}

Can I ask you a question TAH, coz it seems that something is not right. According to you EU MM building they shorts for over 500 pips up. Don't you think this is a bit much and there is a mistake somewhere in interpretation of the PVRSA? I am challenging you. Just want to know your point of view until when UE going to build they positions?
There is no spoon....
  • #50,992
  • Jun 12, 2013 3:49pm Jun 12, 2013 3:49pm
Quoting revoli
I find my self in with shorts on GU and EU. Why? Because I broke my rules so now I am 20 (x10) pips down on the day . There really is no excuse for being long here, I am not playing multiple entry scouts, so I should have waited for the trend to break. Ill discipline has lost me more pips than anything else. Having said that I did play a short on EJ for 30 pips. I am hoping the pip god or goddess will smile on me and recover the lost ground later this evening. Do I need to sacrifice a goat or something? {image}
revoli,

Yes, a scacrifice is mandatory. Cut the penis off an old goat and sent it to DoucheBank. The balls go to UBS.
  • #50,993
  • Edited 5:01pm Jun 12, 2013 3:57pm | Edited 5:01pm
Quoting Msis125125
{quote} Can I ask you a question TAH, coz it seems that something is not right. According to you EU MM building they shorts for over 500 pips up. Don't you think this is a bit much and there is a mistake somewhere in interpretation of the PVRSA? I am challenging you. Just want to know your point of view until when UE going to build they positions?
Msis,

What does the attached chart say to you? Are the MMs bulls or bears? Now, having an indication as to what the MMs are, can we ever know when they will stop building and start running the price for profits? (Hint: No!) Do you think all those damn releases you see the headlines for down in the lower left of the the chart might have something to do with the timing of the reversal? Huh?

Once we know from PVSRA if the MMs are bulls or bears, we can know they will continue to add at lows or at highs accordingly, but we can never know when they will start the run for profits. So, we can also add at lows or at highs until the tide changes, or we can wait until the tide looks to have changed and then make entries only in the run for profits direction. But if the tide suddenly reverses, do we have to stop making entries just because the MMs are pulling a "fast one"? Or, we can wait until we, and the entire forex world, is absolutely guaranteed that the run for profits direction is underway without further interruptions. At which point we can dump everything we have into the trade before it moves one more pip!

What do you think is the best way to trade?

Personally, I keep trying to enter Classics and then sparingly use Scouts. But every time I do it, the MMs reverse price and reverse it in a big way. Am I not to take advantage of the better and better prices they create for me as a trader? Should I let that opportunity slip by? Should I let my Classic entry be taken by the MMs for a loss to me? And then try the whole ridiculous procedure over again at another time? Losing money, SL by SL by SL......, when I know what the MMs are and what they are doing? I think PVSRA is a great tool. I hang my hat on it. To deny it, to refute it and go back to trading the old way is ludicrous,.....like moving back into the Dark Ages. Just my opinion.

The "experts" say "Don't add to a losing trade." Who says it is a losing trade? Them? It only looks like a losing trade. It is made to look that way by the MMs so traders will do exactly what the experts say to do. "Get out." There is a saying that time cures all ills. There is another saying that the biggest monied players in the market can be "wrong" longer. Think about what that is really saying.

Finally, let me say this. I have not given up on trying to come up with a reasonable compromise between one entry trading and simply adding at attracting places as the MMs move price, regardless of the direction they move it. There might be a viable compromise and with patience maybe it will come to light. Or, maybe it is just me, and this is the way I was born to trade. Time will tell. Meanwhile, I repeat, anyone trying to trade by building along with the MMs needs to trade very, very light relative to account size. That means light in size of trade, which has already been beaten to death in other posts. It also means light in the variety of pairs traded, which could mean restricting to just one pair (EU) until the account grows sufficiently to expand to trading two pairs simultaneously. And if folks here disregard this, or don't give it adequate thought, and end up in the hole, then they have only themselves to blame.

BTW, you mentioned 500 pips. The rise since I first entered nine days ago is 350 pips. Prior to my entry, I did not see clear PVSRA indications the MMs were bears. For the Market Manipulators, 350 pips is nothing! Even the market makers are permitted to screw with prices up to 200 pips PER DAY!
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  • #50,994
  • Jun 12, 2013 4:12pm Jun 12, 2013 4:12pm
Have the same question , I was thiking the same as you Msis
There is somthing wrong in interpretation , may be the 1 minut shart should be 5 minuts chart to follow up the volume

Quoting Msis125125
{quote} Can I ask you a question TAH, coz it seems that something is not right. According to you EU MM building they shorts for over 500 pips up. Don't you think this is a bit much and there is a mistake somewhere in interpretation of the PVRSA? I am challenging you. Just want to know your point of view until when UE going to build they positions?
back to square no one , over trading is my sin , never get the lesson
  • #50,995
  • Jun 12, 2013 4:59pm Jun 12, 2013 4:59pm
Quoting traderathome
{quote} Msis, What does the attached chart say to you? Are the MMs bulls or bears? Now, having an indication as to what the MMs are, can we ever know when they will stop building and start running the price for profits? (Hint: No!) Do you think all those damn releases you see the headlines for down in the lower left of the the chart might have something to do with the timing of the reversal? Huh? Once we know from PVSRA if the MMs are bulls or bears, we can know they will continue to add at lows or at highs accordingly, but we can never know when...
I see I got you a bit frustrated, it wasn't my intention. I see where you are coming from. But at the moment all who have followed you are 500 pips in minus. I am sure that this can be avoided, maybe trading by stop or limits or else how, what am I saying is I think there is a flow in position building, coz now it is my biggest draw down even though I trade 1% of my account per 5 trades. Basically it is 0.02. Please don't take it wrong, you have way more experience that most of us here especially me. So I learn from you. And right now I have doubts, and I never had before with your trading style.

I hope I did not offend you. It was not my intention.
There is no spoon....
  • #50,996
  • Edited 5:26pm Jun 12, 2013 5:09pm | Edited 5:26pm
Quoting Msis125125
{quote} I see I got you a bit frustrated, it wasn't my intention. I see where you are coming from. But at the moment all who have followed you are 500 pips in minus. I am sure that this can be avoided, maybe trading by stop or limits or else how, what am I saying is I think there is a flow in position building, coz now it is my biggest draw down even though I trade 1% of my account per 5 trades. Basically it is 0.02. Please don't take it wrong, you have way more experience that most of us here especially me. So I learn from you. And right now I...
Msis,

I am not offended in the least. But I am frustrated that folks take all this so lightly that they don't do a better job of figuring out things relating to drawdowns before they start! It was said that it is better to be trading too light while getting the feet wet, than otherwise. Believe me when I say that the MMs do not feel it is in their job description to make it easy for us to take their money!

If anyone doubts this trading style, go back to Classics and SLs, because I meant it when I earlier joked, saying "With PVSRA we don't use SLs. We use Scouts!" So long as PVSRA continues to indicate the MMs are what they were, there is no reason to doubt the outcome or to stop taking advantage of price moves. Only the timing of the outcome is in doubt.

Well, we will see. This is a "big" week. For the market and for PVSRA. Time will tell. If my ass gets kicked, I will have to go back to the drawing board. If it doesn't, then there are folks here that will feel like kicking themselves in the ass.

-tah
  • #50,997
  • Jun 12, 2013 5:28pm Jun 12, 2013 5:28pm
I hope you right bro. And thank you for your input here, it is massive!
There is no spoon....
  • #50,998
  • Jun 12, 2013 5:40pm Jun 12, 2013 5:40pm
Quoting Msis125125
I hope you right bro. And thank you for your input here, it is massive!
Wish you had not said it in that way. Now the naysayers will be back waving that flag they have, proclaiming quality not quantity.

As for hoping things go well, I am sort of happy-anxious about the rest of this week. PVSRA was victorious in the battle last week. Now we have yet another, possibly even more monumental week as a test. This is a good thing. If PVSRA fails, it fails. If it doesn't, then it will have proven itself conclusively.
  • #50,999
  • Jun 12, 2013 5:46pm Jun 12, 2013 5:46pm
You are funny. Where do you live, US? (not to hunt and kill you, maybe to grab a coffee)
There is no spoon....
  • #51,000
  • Jun 12, 2013 5:48pm Jun 12, 2013 5:48pm
Quoting Msis125125
You are funny. Where do you live, US? (not to hunt and kill you, maybe to grab a coffee)
What coast are you nearest? (I need to clean my guns.)
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