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Sonic R. System

  • #51,701
  • Jun 21, 2013 9:56am Jun 21, 2013 9:56am
Quoting sonicdeejay
I was the youngest in my pack, and I always was a different one.. Always hungry, and will settle for no less... I did not want to walk on normal path... I did and still believe that I will be victorious in one day.. I'd rather say... I am Ambitious... http://www.youtube.com/watch?v=N0wHLQGdLb0 Cheers Sonic
Well said sir
  • #51,702
  • Jun 21, 2013 10:05am Jun 21, 2013 10:05am
I found something important about this system. Everyone use this system must extra carefully, cos made us mind overconfident. n in forex this situation is very dangerous. I feel this when i understand this system, and made my account grow faster. JUST REMEMBER, HANDLE YOUR MONEY WITH CARE.
  • #51,703
  • Jun 21, 2013 10:06am Jun 21, 2013 10:06am
GU:

From my point for view, I agree with you xonicser that we are having activity at the lows, but we need to determine if they are doing this to stabilize the price (to pump the price and add more shorts) or they are starting to build longs. In my opinion, it's too soon to know that.

Looking at the 15M, H1 and Daily charts, we see the price below the EMA89 in all of them. I don't see the point to close the orders yet, at least until we see some weakness in the drop. I like a lot to see the dragon and EMA in GU 1H because it's very clean and very easy to see the trend. Look at the last uptrend in H1 and you will see how the price respects the EMA89.

It's true that EMA89 acts like a magnet, and now we are too far from it, so it could be possible a pullback or a consolidation until the price get closer to the dragon and EMA. Once the price is there, we could have more information using PVSRA.

But we are always saying "The trend is your friend". Well, now we have it in our side, let's go with it!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.png Size: 60 KB
Click to Enlarge Name: gu2.png Size: 70 KB
Click to Enlarge Name: gu3.png Size: 59 KB
To fail is just an opportunity to learn
  • #51,704
  • Jun 21, 2013 10:12am Jun 21, 2013 10:12am
Tymedu, why only trade EU and GU? I like to see your green account
Newbie trader
  • #51,705
  • Jun 21, 2013 10:18am Jun 21, 2013 10:18am
Quoting fex
Tymedu, why only trade EU and GU? I like to see your green account
I don't trade only EU and GU. But as I explained, I overtraded for the first time and I'm not proud of it. I won't add more entries until I close these ones. After that, I will spend a couple of days studying the best bank management for me because it's obvious that I need to.

Thanks for your support fex, hard days last two weeks for me. I knew I did wrong but I couldn't do anything to solve it. It was a clear example about how important is the bank management.

Best, Tymedu.
To fail is just an opportunity to learn
  • #51,706
  • Jun 21, 2013 10:20am Jun 21, 2013 10:20am
Quoting fex
Tymedu, why only trade EU and GU? I like to see your green account
Hahahaha. do not look at that green things. He and I had suffer a huge DD and now it is harvest time. go GU and EU
Money Management and Patience is the Key
  • #51,707
  • Jun 21, 2013 10:23am Jun 21, 2013 10:23am
Quoting Tymedu
{quote} I don't trade only EU and GU. But as I explained, I overtraded for the first time and I'm not proud of it. I won't add more entries until I close these ones. After that, I will spend a couple of days studying the best bank management for me because it's obvious that I need to. Thanks for your support fex, hard days last two weeks for me. I knew I did wrong but I couldn't do anything to solve it. It was a clear example about how important is the bank management. Best, Tymedu.
Yeah, I guess, and a better example of perseverance.
Newbie trader
  • #51,708
  • Jun 21, 2013 10:25am Jun 21, 2013 10:25am
Quoting scuderia
{quote} Hahahaha. do not look at that green things. He and I had suffer a huge DD and now it is harvest time. go GU and EU
Speaking of money, I only care about the result. Congratulations to you too if you got hold like a pro.
Newbie trader
  • #51,709
  • Edited 10:57am Jun 21, 2013 10:28am | Edited 10:57am
Quoting scuderia
{quote} Hahahaha. do not look at that green things. He and I had suffer a huge DD and now it is harvest time. go GU and EU
Scuderia,

"....it is harvest time."

You said a mouthfull.

This is better than me saying "....learn to embrace the drawdowns." We do need to embrace the drawdowns, but the words "harvest time" denote all the dirt grit work of making a profit; putting on a good looking Classic trade, having it go sour but with PVSRA still indicating the trade direction is correct and so adding to the trade at various opportunities, and adding, and adding, and adding.....wondering if PVSRA is garbage. And seeing the drawdowns and starting to get worried.......

......like a farmer that plants row after row after row, but suffers the bugs, then the dry periods.....and wonders if the crop will survive, if it will mature, if there will be profit.

Yes. I like it!.....

..........harvest time!

JUST REMEMBER, HANDLE YOUR MONEY WITH CARE! - xsonicser
  • #51,710
  • Edited 10:46am Jun 21, 2013 10:33am | Edited 10:46am
Quoting fex
{quote} Speaking of money, I only care about the result. Congratulations to you too if you got hold like a pro.
Thanks fex, but I want to settle here that I did terrible and I hope this will help other traders reading the thread. I had luck. Yes, I knew MMs are bears, but if they decided to push up the price 200pips more, my account is gone, and that is something I can't let myself to happen again. Of course, god bless this lessons and mistakes where at the end I can even win money, but this was a bad trade.

I don't really care about how much money can I win in this account (of course if I win, better for me), but I like to do the things right.

So guys, I hope this will help other guys. Watch out the bank management!!

Edit: OPPA HARVEST TIME!

Inserted Video
To fail is just an opportunity to learn
  • #51,711
  • Jun 21, 2013 10:51am Jun 21, 2013 10:51am
Quoting traderathome
{quote} Scuderia, "....it is harvest time." You said a mouthfull. This is better than me saying "....learn to embrace the drawdowns." We do need to embrace the drawdowns, but the words "harvest time" denote all the dirt grit work of making a profit; putting on a good looking Classic trade, having it go sour but with PVSRA still indicating the trade direction is correct and so adding to the trade at various opportunities, and adding, and adding, and adding.....wondering if PVSRA is garbage. And seeing the drawdowns and starting to get worried..........
It is all thx to you Master TAH. With PVSRA system it hit me 100%++ profit just in almost 3 weeks. I think it is miracle and a lil bit luck too. Next time i use PVSRA sure it is a smaller lot size.

At first it really worry me. but the result now massive. I never make that huge profit in less then 1 month. It is like 1 years works turn into 1 month works. Thx again TAH for this great strategy.
Money Management and Patience is the Key
  • #51,712
  • Jun 21, 2013 10:52am Jun 21, 2013 10:52am
Fellow sonicers you think that it's too late to start building short positions on GU?
  • #51,713
  • Jun 21, 2013 10:54am Jun 21, 2013 10:54am
Quoting VanDerTroll
Fellow sonicers you think that it's too late to start building short positions on GU?
For me yes it is too late. and beside this is Friday. I don;t know for Master Sonic and TAH
Money Management and Patience is the Key
  • #51,714
  • Jun 21, 2013 10:56am Jun 21, 2013 10:56am
Quoting scuderia
{quote} For me yes it is too late. and beside this is Friday. I don;t know for Master Sonic and TAH
I missed the 1.54 drop, maybe I'll wait for a bounce to this level.
  • #51,715
  • Jun 21, 2013 10:57am Jun 21, 2013 10:57am
Quoting scuderia
{quote} For me yes it is too late. and beside this is Friday. I don;t know for Master Sonic and TAH
For me its not too late, because it just crossed the daily EMA89. But you would definitely wait for a good pullback. Right now is not a good moment. Price too low + Friday.
To fail is just an opportunity to learn
  • #51,716
  • Jun 21, 2013 11:00am Jun 21, 2013 11:00am
Quoting traderathome
{quote} Just a note. You refer to "tick volume". If you mean "volume" coming in per tick, that is correct. If you mean the volume of ticks is what the bars indicate, that is not correct. With each incoming tick, the "volume" data included is the number of trades processed on the broker server since the previous tick was sent out. Each tick can denote "volume" of more than "1"! So, "Volume" is not the count of ticks, it is the count of trades executed on the broker server, and each tick adds the additional trades executed since the last...
VSA: Volume Spread Analysis for FOREX traders using MT4 by the Master of the Masters

Inserted Video
Keep it simple and trade with the trend
  • #51,717
  • Jun 21, 2013 11:00am Jun 21, 2013 11:00am
Quoting Tymedu
{quote} I don't trade only EU and GU. But as I explained, I overtraded for the first time and I'm not proud of it. I won't add more entries until I close these ones. After that, I will spend a couple of days studying the best bank management for me because it's obvious that I need to. Thanks for your support fex, hard days last two weeks for me. I knew I did wrong but I couldn't do anything to solve it. It was a clear example about how important is the bank management. Best, Tymedu.
Tymedu, i have found your posts always thoughtful. Totally agree that bank management needs to be given more thought that any other strategy.

One question i ask myself, what would have been a prudent action if on wednesday fed came out and said they expect the tapering to not begin until 2015 now given economic uncertainity. That would have made USD drop 100-200 pips easily.

looking for ideas here - should the best action be close all trades immediately, look for PVSRA to see if MM changed views (which i am still learning to read so feel it would not have been as conclusive), something else?
Think : Trade : Live Life
  • #51,718
  • Jun 21, 2013 11:02am Jun 21, 2013 11:02am
Quoting VanDerTroll
Fellow sonicers you think that it's too late to start building short positions on GU?
That sure is the $64,000 question.

If the MMs don't landslide this after the London session closes, maybe yes, and possibly even if the late day MMs attempt pulling the price back up in the light resistance to price manipulations in the late Friday after hours. However, if a late day pullback does happen, then that also suggests the MMs might continue that way early next week, hiking the price on a short gathering escapade before more downside is allowed. Thinking about this, I'd have to say entry now is too risky and that it is best to just let it go, on down if that happens today, or back up some if that happens today, because either way there is likely to be a pullback eventually and most likely the strongest pullback will be next week sometime. This is purely speculative, but how else can that question be answered?

You can watch on M1, looking to see if the MMs hike the price back to the whole number area, and what sort of activity that produces, to help you determine if you want to make a short entry.
  • #51,719
  • Jun 21, 2013 11:28am Jun 21, 2013 11:28am
Quoting stt
{quote} Tymedu, i have found your posts always thoughtful. Totally agree that bank management needs to be given more thought that any other strategy. One question i ask myself, what would have been a prudent action if on wednesday fed came out and said they expect the tapering to not begin until 2015 now given economic uncertainity. That would have made USD drop 100-200 pips easily. looking for ideas here - should the best action be close all trades immediately, look for PVSRA to see if MM changed views (which i am still learning to read so feel...
stt,

I am not sure if you were soliciting a reply just from Tymedu or from anyone. If I overstep, then just ignore this.

You posed the question, "....should the best action be close all trades immediately, look for PVSRA to see if MM changed views....", meaning close trades before major releases and after the release look to PVSRA to see if the MMs changed views.

If this is indeed a question you have, then consider this. Insider trading is perfectly legal and quite common in the Forex market. Do you really believe the well monied MMs don't know the essence of the content of most important releases well before they happen? How many times following high impact releases have you seen a startling price reversal, not just a major pullback for a day or a few days, but a true, bonafide major reversal? I think if you study chart history you will see more often than not, where price reversed that it ended up simply being a "more building" exercise for the pre-existing plan and direction the MMs were already working on. They just use such releases, ...............to frankly put it............screw others out of their "right side" positions. And they will put on pullbacks, big ones that can go for quite some time just to do that. It throws traders off the scent and messes with their brain, inducing them think the "news" is actually a price controller in the market. Maybe, but rarely.

Of course, there is nothing wrong with closing, waiting and analyzing, and reopening later in whatever direction then seems appropriate. I just post this to encourage folks not to assume the "news" drives the market. It occassionally can, but otherwise the MMs drive the market, and the course of PA more depends on which way will get the MMs the most profit according to their overall plan that is in place.
  • #51,720
  • Jun 21, 2013 11:30am Jun 21, 2013 11:30am
Quoting traderathome
{quote} That sure is the $64,000 question. If the MMs don't landslide this after the London session closes, maybe yes, and possibly even if the late day MMs attempt pulling the price back up in the light resistance to price manipulations in the late Friday after hours. However, if a late day pullback does happen, then that also suggests the MMs might continue that way early next week, hiking the price on a short gathering escapade before more downside is allowed. Thinking about this, I'd have to say entry now is too risky and that it is best to...

Of course it's speculative TAH, but a fellow trader's more experienced eye can't do any harm.
By the way this week has been ridiculously easy to take profit from the PVSRA trades. Good work everyone, I can't believe how many things I've learned.
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