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Sonic R. System

  • #53,141
  • Jul 9, 2013 3:54pm Jul 9, 2013 3:54pm
Quoting ForexSwag
{quote} Hey Ty would this be a classic setup on the 1min chart? {image}
I don't feel to have the enough experience to give advice about M1 setups, sorry. I prefer to be honest with you than to act "like a pro"

Quoting banteka
{quote} But..Why do you think it is not important?. Have you seen the degree of that release?. Is marked as RED COLOR...

With time and experience you learn to identify really important news. USD Thursday jobs data is also marked as red but I know it's not important (unless there is a HUGE deviation). Last month for example, this news caused a 40 pips move. In May, not even 30 pips.

Best, Tymedu.
To fail is just an opportunity to learn
  • #53,142
  • Jul 9, 2013 3:54pm Jul 9, 2013 3:54pm
Hi all,
I'm confused ... In USDJPY MMs is Bull or Bear ?
thank you
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Sorry my bad English - My native language is Portuguese-BR
  • #53,143
  • Jul 9, 2013 3:57pm Jul 9, 2013 3:57pm
Quoting Tymedu
{quote} I don't feel to have the enough experience to give advice about M1 setups, sorry. I prefer to be honest with you than to act "like a pro" {quote} With time and experience you learn to identify really important news. USD Thursday jobs data is also marked as red but I know it's not important (unless there is a HUGE deviation). Last month for example, this news caused a 40 pips move. In May, not even 30 pips. Best, Tymedu.
Thanks for being honest! I'm trying to figure a scalping method with PVSRA AND sonic all together... To at least grab 150pips everyday out the market!
I'm still working on it.... I'll keep everyone posted.
Creditors have better memories than debtors.
  • #53,144
  • Jul 9, 2013 4:24pm Jul 9, 2013 4:24pm
UPDATES
EU UC
http://500euroalgiorno.blogspot.it/

Note
I had a problem with the datafeed
500euroalgiorno.wordpress com
  • #53,145
  • Jul 9, 2013 4:28pm Jul 9, 2013 4:28pm
Quoting traderathome
Why I Closed AU Long Trade Multiple USD high impact releases are tomorrow. The MMs might start their runs for profits in conjunction with them. Might, Maybe. However, beforehand they could continue the shakeouts, stressing draw downs. I have numerous positions open and by taking profits on both the GJ short trade and the AU long trade, I added reserves. If the MMs whipsaw AU back down before going higher, I can open long/build long again.
Thanks prof TAH, although it may seem uninteresting to me is very important to know these details. I am also interested in opening new buy positions, only if the price drops enough. Thanks.
Newbie trader
  • #53,146
  • Jul 9, 2013 4:50pm Jul 9, 2013 4:50pm
Quoting fex
{quote} Thanks prof TAH, although it may seem uninteresting to me is very important to know these details. I am also interested in opening new buy positions, only if the price drops enough. Thanks.
It seems that the only guy here that is going to be rich this night is me...
My mother language is Spanish, so, please, be patient with me.
  • #53,147
  • Jul 9, 2013 4:53pm Jul 9, 2013 4:53pm
Quoting MichaelKiske
Hi all, I'm confused ... In USDJPY MMs is Bull or Bear ? thank you {image}
UJ, Bulls or Bears?

Yesterday, as the Asian session began, the price was started upwards and the higher it went, the more activity there was. This is in the boxed area and indicates the MMs are bears. We see a key premise of PVSRA at work, that MMs prefer to short above whole numbers. That is where the Asian session MMs took the price, above the 101.00 whole number. Frankfurt MMs sold off from the highs. The LS MMs pushed the price back up and sold off. The US MMs pushed the price back up and sold off deep, following the close of the LS. As we start a new day the price is still above this whole number. By now we should be understanding the MMs are simply jockeying the price up and down in a range above this whole number, building their short positions ahead of the upcoming multitude of high impact releases. In many cases, the actual content of the releases is unimportant because either the MMs already know it, or they don't care because they have their own plans for manipulating prices to reap profits, which they will trigger in conjunction with the releases.
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  • #53,148
  • Jul 9, 2013 7:27pm Jul 9, 2013 7:27pm
Quoting traderathome
{quote} UJ, Bulls or Bears? Yesterday, as the Asian session began, the price was started upwards and the higher it went, the more activity there was. This is in the boxed area and indicates the MMs are bears. We see a key premise of PVSRA at work, that MMs prefer to short above whole numbers. That is where the Asian session MMs took the price, above the 101.00 whole number. Frankfurt MMs sold off from the highs. The LS MMs pushed the price back up and sold off. The US MMs pushed the price back up and sold off deep, following the close of the LS....
Thanks TAH ... You are fantastic.
I'm studying about PVSRA ... but sometimes feel difficulties in identifying the MMs ...
Thanks for the help.
Sorry my bad English - My native language is Portuguese-BR
  • #53,149
  • Jul 9, 2013 8:17pm Jul 9, 2013 8:17pm
I closed my EP 2 on the EJ for a 1.1% gain. This has been a good trade using PVSRA. I have been using a staggered entry doubling my entry at each EP and taking profits on each entry as they come back to the original entry. This pair I feel still has not made its run for profits to the down side yet. So I will continue to seek re-entries as price allows. I am still holding my EP 1.
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  • #53,150
  • Jul 9, 2013 8:23pm Jul 9, 2013 8:23pm
GU Trade update. I have re-entered long EP 2 today during the US session. This trade gave a good classic and PVSRA setup so I re-established my EP 2 at a better price once the dust settled.
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  • #53,151
  • Jul 9, 2013 8:25pm Jul 9, 2013 8:25pm
USD/CHF short entered on PVSRA EP 1
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  • #53,152
  • Jul 9, 2013 8:43pm Jul 9, 2013 8:43pm
Quoting worldfreedom
I closed my EP 2 on the EJ for a 1.1% gain. This has been a good trade using PVSRA. I have been using a staggered entry doubling my entry at each EP and taking profits on each entry as they come back to the original entry. This pair I feel still has not made its run for profits to the down side yet. So I will continue to seek re-entries as price allows. I am still holding my EP 1. {image} {image} {image}

I see some of you guys have things turned right side up. Great job!
If you are good at something, never do it for free--Joker
  • #53,153
  • Edited 10:49pm Jul 9, 2013 10:04pm | Edited 10:49pm
AU Long Trade: Entered long #1, Scout. After closing my 18 part long trade, price has pulled back 40-50 pips. No SL, and no TP at this time.

H1 shows three bullish signs. 1) The trend has turned up with the dragon crossing up thru the Trend, and now we have the strong pullback "to/into/thru" the Dragon. This is a very bullish sign because when it follows the Dragon crossing the Trend Line it is most often the result of the MMs pulling price back to reload before they ram the price further in the direction of the new trend. 2) Price has pulled back also to a pure technical TL on what could well be "stopping" volume, another sign of the same thing; the MMs pulling price down hard while loading up heavily for another move higher. 3) Note that there is a very nice Double Bottom formation that also shows "stopping" volume on the second part.

Finally, M15 PVSRA shows the MMs have taken the price back below the half SR on very notable volume, indicating the MMs are bulls pushing prices lower to add longs. The MMs have done this more than once, and these pushes below the half SR follow an event where the MMs took price below the lower whole SR on notable volume, indicating then also that the MMs were bulls pushing prices lower to add longs.

All of this is a preponderance of evidence that the MMs are extreme bulls. If the price it taken lower again, I intend to add to this long trade.

I have added M30 depicting the overview of what I think the MMs might be up to.....
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  • #53,154
  • Jul 9, 2013 11:42pm Jul 9, 2013 11:42pm
Quoting traderathome
AU Long Trade: Entered long #1, Scout. After closing my 18 part long trade, price has pulled back 40-50 pips. No SL, and no TP at this time. H1 shows three bullish signs. 1) The trend has turned up with the dragon crossing up thru the Trend, and now we have the strong pullback "to/into/thru" the Dragon. This is a very bullish sign because when it follows the Dragon crossing the Trend Line it is most often the result of the MMs pulling price back to reload before they ram the price further in the direction of the new trend. 2) Price has pulled...
Perfect technical trade, everything looks right, coming up off a double bottom, VSA showing bullish. This should work out quite well.
If you are good at something, never do it for free--Joker
  • #53,155
  • Jul 10, 2013 12:43am Jul 10, 2013 12:43am
Quoting futurespeter
{quote} AUDUSD long trade. Added (03.07.2013) scout #10,11. {image} Added scout #12. {image}

AUDUSD long trade


Closed AU long trade at TP 0.92023 for 1200 (12 elements x 100) pips gain.


PVSRA indicates that MM’s are still bulls.

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  • #53,156
  • Edited 1:27am Jul 10, 2013 1:04am | Edited 1:27am
Quoting jmn5611
{quote} Perfect technical trade, everything looks right, coming up off a double bottom, VSA showing bullish. This should work out quite well.
It's "PVSRA", please.

Joe,

Please cease with the "VSA".

We are using specially highlighted bars (candles and volumes) based not only on candle high spread with high volume, but based also on candles with high volumes above an averaged volume. Current release uses "PVA" for Price-Volume-Analysis. You get the idea. Nix the "VSA", please.

Your statement should be, " .....PVA showing bullish and PVSRA showing very bullish."

-tah
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  • #53,157
  • Jul 10, 2013 1:05am Jul 10, 2013 1:05am
Quoting futurespeter
{quote} AUDUSD long trade Closed AU long trade at TP 0.92023 for 1200 (12 elements x 100) pips gain. PVSRA indicates that MM’s are still bulls. {image}
Very nice trade futurespeter. Your postings are clear and easy to read charts. Helping me learn more on PVSRA.
  • #53,158
  • Jul 10, 2013 1:21am Jul 10, 2013 1:21am
Quoting traderathome
AU Long Trade: Entered long #1, Scout. After closing my 18 part long trade, price has pulled back 40-50 pips. No SL, and no TP at this time. H1 shows three bullish signs. 1) The trend has turned up with the dragon crossing up thru the Trend, and now we have the strong pullback "to/into/thru" the Dragon. This is a very bullish sign because when it follows the Dragon crossing the Trend Line it is most often the result of the MMs pulling price back to reload before they ram the price further in the direction of the new trend. 2) Price has pulled...
AU Long Trade: Entered long #2, Classic entry on price pull back to EP zone. No SL at this time. TP set.
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  • #53,159
  • Edited 1:56am Jul 10, 2013 1:30am | Edited 1:56am
GM - again showing the Australasian Session action in AudUsd whilst I was asleep, these are the objective entries from my use of the lower TF dragons. The exit is shown at the mid point of the ultra wide, ultra high volume blow off candle that spiked up through the 9200 level.

Edit: whilst I was posting, I made a Classic entry via a Buy Stop on the pull back to the **75 level....

Edit: all closed after second attempt on the 9200 level - more info later as LO is near....
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Trading Levels with WRBs
  • #53,160
  • Jul 10, 2013 2:09am Jul 10, 2013 2:09am
Longed both € and cable in classic type pull backs - charts to follow when trading allows...
Trading Levels with WRBs
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