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Sonic R. System

  • #52,021
  • Jun 27, 2013 2:38pm Jun 27, 2013 2:38pm
Quoting traderathome
{quote} Why are you asking this question? Have you not read all that has been written already on PVSRA? The statement that answers the question has been repeated many times over already because it is fundamental. Ok, for you and for every other lazy student...... ....we can know if the MMs are bulls or bears, but we can never know when they will start their run for profits! {image}
Why WOULD they even consider closing the positions so soon?

If they spent all that time building the position, they would certainly
want to take the price lower than where the position building began,
otherwise they would be throwing away good money.

That's my take on it anyway.
  • #52,022
  • Jun 27, 2013 2:45pm Jun 27, 2013 2:45pm
USD/JPY: MMs are BEARS
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My mother language is Spanish, so, please, be patient with me.
  • #52,023
  • Jun 27, 2013 2:48pm Jun 27, 2013 2:48pm
Me like it, agree here is some more reassurance!
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There is no spoon....
  • #52,024
  • Jun 27, 2013 2:58pm Jun 27, 2013 2:58pm
Quoting ArtfulDodger
{quote} Why WOULD they even consider closing the positions so soon? If they spent all that time building the position, they would certainly want to take the price lower than where the position building began, otherwise they would be throwing away good money. That's my take on it anyway.
Hi Artful

You can be right. Actually, I think you are, but we don't have to take all the drop. We don't have to be greedy, because our mind affects a lot. We did a trade, we close it and we earn the profits. Now, it's time to analyze if MMs are still bear. If so, we can wait for the best time to start to rebuild.

The psychological aspect is very important as well. In EU I had orders opened from June 3rd, and my mind was getting tired and tired. Sometimes is better to close and restart everything, like Desmond with the computer in Lost
To fail is just an opportunity to learn
  • #52,025
  • Jun 27, 2013 3:06pm Jun 27, 2013 3:06pm
Quoting Msis125125
Me like it, agree here is some more reassurance! {image}
EURJPY the same deal, I will start building shorts in about 40-50 pips up!
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There is no spoon....
  • #52,026
  • Jun 27, 2013 3:08pm Jun 27, 2013 3:08pm
Quoting Tymedu
{quote} Hi Artful You can be right. Actually, I think you are, but we don't have to take all the drop. We don't have to be greedy, because our mind affects a lot. We did a trade, we close it and we earn the profits. Now, it's time to analyze if MMs are still bear. If so, we can wait for the best time to start to rebuild. The psychological aspect is very important as well. In EU I had orders opened from June 3rd, and my mind was getting tired and tired. Sometimes is better to close and restart everything, like Desmond with the computer in Lost ...
I suppose the key to this would be WHEN the position building began.
  • #52,027
  • Jun 27, 2013 5:51pm Jun 27, 2013 5:51pm
did anyone manage to have a look at my previous post with the attached image. i just wanted someone to go through it and make sure my sonic r setup is okay in order for then to build on the PVSRA...
  • #52,028
  • Jun 27, 2013 6:54pm Jun 27, 2013 6:54pm
Quoting ArtfulDodger
{quote} I suppose the key to this would be WHEN the position building began.
With position building, i create pending orders every time it goes 10-15 pips either direction mm's are position building. Only because i cant always watch the charts 24/7. Once the mm's head off for profits i continue building positions from the profits made from previous positions.

Its the most safest way to manage your money plus on top of that making more money in the end.

Would i call it greed? Not at all! Its smart money. i dont think its a good idea adding positions 5 pips apart...thats too risky since we will never know how long mm's will go until they take off for profits.
  • #52,029
  • Jun 27, 2013 7:04pm Jun 27, 2013 7:04pm
Quoting marvas
did anyone manage to have a look at my previous post with the attached image. i just wanted someone to go through it and make sure my sonic r setup is okay in order for then to build on the PVSRA...
Edit your post to provide a link back to the post to which you refer. Adding links was discussed within last 24 hours, so if you don't know how, go back and find, read, learn.
  • #52,030
  • Jun 27, 2013 7:19pm Jun 27, 2013 7:19pm
Quoting marvas
hi guys this is my first attempt at an analysis. 1) i used wave analysis to confirm. low, high and high low visible. the price then closed above the tunnel indicator @ 1.0493 2)buy stop then place @ 1.0497 3)QQE indicator @ 55.89 which is above the 50 level 4)CCI is slightly sloped up 5)there is a slight change in volume 6) dragon tunnel has a slight upward slope 7)price is above the 89 EMA 8) SL is place below the dragon tunnel @ 1.0477 19 pips away please let me know if i've done this correctly. and my last question is where would you have your...
Normally the stoploss is few pips(include the spread) below the low which i drew. Entry point was fine as a classic entry.
By the way, you need update new templates as we dont use cci,qqe anymore.
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  • #52,031
  • Jun 27, 2013 7:23pm Jun 27, 2013 7:23pm
TAH. I know that we can never know how long mm's will be building their positions for....


But how can we know when they are going for profits?
  • #52,032
  • Jun 27, 2013 7:51pm Jun 27, 2013 7:51pm
share a short order just added
EJ might reach 128.90 area,if that happens ,I will add another short then wait and watch.
my target is a little too far, its 119.
hope it will go there.
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  • #52,033
  • Edited 6:00am Jun 28, 2013 5:32am | Edited 6:00am
Quoting rxJano
TAH. I know that we can never know how long mm's will be building their positions for.... But how can we know when they are going for profits?
We can't. The end of one could be the start of the other, and when that happens only "they" know. Live with it. Plant while they plant. Tend your crops. Wait for Harvest Time. Trade very, very, very, very, very light relative to account size,......small seeds.

The stinking banks and other rotten MMs are extremely greedy and arrogant. Unfortunately, that makes them well aware of just how to snooker other greedy traders. They know what pushes your buttons and how to get you overextended, and then..........out of the game! Don't underestimate them, just jump on their backs and let them carry you all around while they, and you, build, and continue to let them carry you to profit. Let them be the workhorses. You just be smart.
  • #52,034
  • Jun 28, 2013 5:35am Jun 28, 2013 5:35am
Quoting traderathome
{quote} AJ Short Trade: Added short #10, Scout. M1 PVSRA shows MMs pushed price up thru whole SR and increased trading, indicating they are bears. Adjusted TP. {image}
AJ Short Trade:

Added short #11 last evening while FF was down. Scout. Adjusted TP.
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  • #52,035
  • Jun 28, 2013 5:41am Jun 28, 2013 5:41am
GU Short Trade:

Entered short #1 and later added #2, both Scouts and based on the break and reverse yesterday being only a pullback by the MMs for reloading of shorts. Trade was made while FF was down.
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  • #52,036
  • Edited 6:29am Jun 28, 2013 6:14am | Edited 6:29am
Quoting marvas
hi guys this is my first attempt at an analysis. 1) i used wave analysis to confirm. low, high and high low visible. the price then closed above the tunnel indicator @ 1.0493 2)buy stop then place @ 1.0497 3)QQE indicator @ 55.89 which is above the 50 level 4)CCI is slightly sloped up 5)there is a slight change in volume 6) dragon tunnel has a slight upward slope 7)price is above the 89 EMA 8) SL is place below the dragon tunnel @ 1.0477 19 pips away please let me know if i've done this correctly. and my last question is where would you have your TP? thanks in advance {image}
Quoting jackywang5
{quote} Normally the stoploss is few pips(include the spread) below the low which i drew. Entry point was fine as a classic entry. By the way, you need update new templates as we dont use cci,qqe anymore. {image}
Marvas,

Yes, what jackywang5 said.

Also, you have your Chart_Zoom setting wrong! There should be no spaces in the Dragon! Your chart should look like mine. Obviously, you still haven't done your reading and studying. Failing grade! How you tend to learning how to use the tools of the trade is exactly how you will be as a trader. So far, you exhibit an uncaring sloppiness. Furthermore, let me reinforce what jackywang5 said about indicators. We don't use some of what you added to the template.

The very first thing you need to grasp is that the Sonic R. System is a practically "no indicators" method. We use the Dragon and Trend. Aside from that, it is price, volume and S&R. That is all! If you want lots of indicators to tell you when to enter and exit, you are on the wrong thread and you need to be elsewhere, so we don't have to see you when you fail.

I won't apologize for sounding harsh. Now is when you need someone to tell you to straighten up and fly right.
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  • #52,037
  • Jun 28, 2013 6:21am Jun 28, 2013 6:21am
Hi prof TAH,

This is my analysis on the GJ on the M5. Please correct me if I'm wrong. Increased activity above the 151.000 price level. Two candle sticks with a long upper wick indicating the MMs are 'pressing' the price down. Conclusion MMs are bears.

Thanks for your time
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  • #52,038
  • Jun 28, 2013 6:43am Jun 28, 2013 6:43am
Quoting Cheng
Hi prof TAH, This is my analysis on the GJ on the M5. Please correct me if I'm wrong. Increased activity above the 151.000 price level. Two candle sticks with a long upper wick indicating the MMs are 'pressing' the price down. Conclusion MMs are bears. Thanks for your time {image}
Yes. We are coming to the US open. The London MMs are scouring the upper price area to use up the liquidity before the US MMs come to the table. Doesn't mean the US MMs won't have liquidity for shorting, though. They will just run the price higher to get it if that is what they want to do.

One thing. The MMs are bears, yes, but they are not 'pressing' the price down. They are striking the price up, triggering stops and pending orders so they can generate liquidity for shorting. The 100 pips move up earlier got the price into an area fresh with untapped liquidity for shorting, and since then the MMs have been swinging prices up and down, soaking up the liquidity there, maybe largely provided by longs that are fooled by that 100 pips rise. Just my opinion/speculation, so be careful.
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  • #52,039
  • Jun 28, 2013 6:44am Jun 28, 2013 6:44am
Quoting traderathome
{quote} We can't. The end of one could be the start of the other, and when that happens only "they" know. Live with it. Plant while they plant. Tend your crops. Wait for Harvest Time. Trade very, very, very, very, very light relative to account size,......small seeds. The stinking banks and other rotten MMs are extremely greedy and arrogant. Unfortunately, that makes them well aware of just how to snooker other greedy traders. They know what pushes your buttons and how to get you overextended, and then..........out of the game! Don't underestimate...
Really, we probably can't blame them. Their purpose for being there is to make
as much money as they possibly can, and they have tools at their disposal that
we don't have access to.

The closest thing to it for us is PVSRA. It's not as good as being able to see
the trades like they can, but it is definitely a big step up for us.

The ones that really get my goat are the ones that break the laws/rules that
were put in place in an attempt to protect us. When they knowingly do that,
that is outright theft, and they should be severely punished for the crime.

Of course, we saw it happen in 2007/2008 and watched in amazement as most
of them walked away with the ill-gotten gains with only a slap on the hand.

That event opened my eyes wide. It was life-changing.

  • #52,040
  • Jun 28, 2013 7:02am Jun 28, 2013 7:02am
For admin. This problem is about a week. FF - OK
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IE9 - NG
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If you think you can do a thing or think you can't do a thing, you're right
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