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Sonic R. System

  • #53,301
  • Jul 11, 2013 4:00am Jul 11, 2013 4:00am
Quoting traderathome
{quote} GJ Short Trade: Entered shorts #4 and #5, Scouts, on MMs pushing up prices above whole SR to resume shorting. Adjusted TP. Edit: Added short #6, Classic short entry. Updated pic. Adjusted TP. {image}
GJ Short Trade:

Added shorts #7 and #8, Scouts. M1 PVSRA shows MMs renewed their push above the 3/4 SR, taking price to upper whole SR area with notable volume on the push and high activity following, indicating the MMs are bears pushing price higher to add shorts.
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  • #53,302
  • Jul 11, 2013 4:04am Jul 11, 2013 4:04am
I closed all my trades this morning:

AU: 6 trade | + 883.4 pips
EJ : 1 trade | + 55.5 pips
EU: 6 trade | + 937.6 pips
GU: 8 trade | + 506.6 pips (3 trade negative, I made a mistake on 1 trade, I bought 1 lot instead of 0.05)
UChf: 1 trade | +150.1 pips
UJ: 3 trade | + 614.1 pips

Total: + 3147.3 pips

Thank you all
French Sonicer
  • #53,303
  • Jul 11, 2013 4:09am Jul 11, 2013 4:09am
Quoting jimsterk
this is my very first trade using PVSRA with real accout. account size $2000 every shot size $0.20/pips ($0.10/pips for 1k account for my money management) USDJPY 200*4 = 800 pips GBPUSD 146*4 = 585 pips total 1747 pips * $0.20/pips = about $350 gained EURUSD 362*1 =362 pips max drawdown 15% total profit 17.5% (profit > drawdown, this is what i am always looking for) i could have more shots with smaller size with other pairs, but this is my first real trade with PVSRA and im happy with my result and its process. next time i will try to improve my...
Jimsterk,

first of all, congratulations because those are awesome results!! However, if you let me to give a tip, I would recommend you to reduce your entries size from 0,2$/pip to 0,1$/pip. 15% drawdown is still to high imho. I try to give you this tip because I went through the phase you are going through. Results will come, I have no doubt, but we have to trade very very soft. Why? Softer entries will allow you:

  1. To have more room and freedom to add more entries without concern
  2. To build a better position with a better average (specially now that we are having high volatility)
  3. To reduce your psychology stress

Sometimes our trades will take days, even weeks, to go to our side. Trading with softer entries will reduce your stress and will let you room just in case the price moves hard against us. If our trade takes short time, it's ok, but if they take 2,3 weeks, you will start having stress (and it's normal).

This is just a recommendation. Of course it's your money and you have the last word. But sometimes it's better to have 10% profit and 7% drawdown than 17,5% profit and 15% drawdown.

Best, Tymedu.

To fail is just an opportunity to learn
  • #53,304
  • Jul 11, 2013 4:16am Jul 11, 2013 4:16am
UJ Short Trade:

Entered short #1, Scout. M1 PVSRA shows MMs pushed price up thru 1/4 SR and increased their trading, indicating they are bears pushing up price to add shorts. This could get pushed higher by the US open MMs for even better shorting opportunities. We will see.
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  • #53,305
  • Jul 11, 2013 4:16am Jul 11, 2013 4:16am
Quoting Tymedu
{quote} Jimsterk, first of all, congratulations because those are awesome results!! However, if you let me to give a tip, I would recommend you to reduce your entries size from 0,2$/pip to 0,1$/pip. 15% drawdown is still to high imho. I try to give you this tip because I went through the phase you are going through. Results will come, I have no doubt, but we have to trade very very soft. Why? Softer entries will allow you: To have more room and freedom to add more entries without concern To build a better position with a better average (specially...
100% Agree This should be on the first page!
Creditors have better memories than debtors.
  • #53,306
  • Jul 11, 2013 4:20am Jul 11, 2013 4:20am
Quoting Tymedu
{quote} Jimsterk, first of all, congratulations because those are awesome results!! However, if you let me to give a tip, I would recommend you to reduce your entries size from 0,2$/pip to 0,1$/pip. 15% drawdown is still to high imho. I try to give you this tip because I went through the phase you are going through. Results will come, I have no doubt, but we have to trade very very soft. Why? Softer entries will allow you: To have more room and freedom to add more entries without concern To build a better position with a better average (specially...
Tymedu Tough Talk!

And I fully agree with Tymedu, Jimsterk. Just because you have $2,000 instead of $1,000, don't double up on size. As your account grows, you do need to put more into the trades, but do it with more components, not larger ones! Maybe, at some point it will make sense to increase the size of the components, but not with $1,000 to $10,000.

Until you get above that, stay with small size for low stress and increased flexibility. It increases what I call the "take advantage of the MMs when they think they are taking advantage of us" factor.
  • #53,307
  • Jul 11, 2013 4:28am Jul 11, 2013 4:28am
Quoting traderathome
It increases what I call the "take advantage of the MMs when they think they are taking advantage of us" factor.
You have to improve your factor naming skill sir . Too long to be a factor name.
To fail is just an opportunity to learn
  • #53,308
  • Jul 11, 2013 4:35am Jul 11, 2013 4:35am
Quoting Tymedu
{quote} You have to improve your factor naming skill sir . Too long to be a factor name.
Hey, that's not nice! I reduced the most phenomenal market analysis in the history of markets to just five letters! I had to throw the leftovers somewhere!
  • #53,309
  • Jul 11, 2013 4:47am Jul 11, 2013 4:47am
Sonicers,

Exhausted. Need rest. See you all a bit later. It is 5:47AM here, so in about 3-4 hours maybe, unless I really cave.
  • #53,310
  • Jul 11, 2013 4:52am Jul 11, 2013 4:52am
Quoting traderathome
Sonicers, Exhausted. Need rest. See you all a bit later. It is 5:47AM here, so in about 3-4 hours maybe, unless I really cave.
Haha have a good rest Prof Tah!
  • #53,311
  • Jul 11, 2013 5:12am Jul 11, 2013 5:12am
Quoting Tymedu
{quote} Jimsterk, first of all, congratulations because those are awesome results!! However, if you let me to give a tip, I would recommend you to reduce your entries size from 0,2$/pip to 0,1$/pip. 15% drawdown is still to high imho. I try to give you this tip because I went through the phase you are going through. Results will come, I have no doubt, but we have to trade very very soft. Why? Softer entries will allow you: To have more room and freedom to add more entries without concern To build a better position with a better average (specially...

the good is you trade with stressless , babaradom and haphazard entrys , and post amazing pips .

but if 10.000=$100 pips=1 month , you need 1 million pips and 10 years to buy a car .

anyway morganstanley have uj short target at 95
  • #53,312
  • Jul 11, 2013 5:49am Jul 11, 2013 5:49am
Quoting traderathome
{quote} Tymedu Tough Talk! And I fully agree with Tymedu, Jimsterk. Just because you have $2,000 instead of $1,000, don't double up on size. As your account grows, you do need to put more into the trades, but do it with more components, not larger ones! Maybe, at some point it will make sense to increase the size of the components, but not with $1,000 to $10,000. Until you get above that, stay with small size for low stress and increased flexibility. It increases what I call the "take advantage of the MMs when they think they are taking advantage...
thank you very much for your precious advice, Tymedu, TAH, ForexSwag, jasakreatif!

yes, might be i was in luck with 15% drawdown, and i fully remember what happened last month with EURUSD (400pips counter with 10 days lasting).

and yes, i might break the rule of MM with regard to Tymedu and other sonicers posts.
http://www.forexfactory.com/showthre...55#post6781555

i was little agressive, or you say, greedy. must be coherent, i learned lot.

next time, i try to trade with $0.10/pip or less.

again, thank you very much for your advice.

btw, Tymedu, you are one of my favourite professor. (well, you say you are not professor. but to me, yes, you are!)

your every post, subjective and objective analysis with polite manner, inspire me to study hard and learn lot.

i really appreciate your participation in this thread.
  • #53,313
  • Jul 11, 2013 6:12am Jul 11, 2013 6:12am
Quoting jasakreatif
{quote} the good is you trade with stressless , babaradom and haphazard entrys , and post amazing pips . but if 10.000=$100 pips=1 month , you need 1 million pips and 10 years to buy a car . anyway morganstanley have uj short target at 95
You are completely right. I don't care at all about the number of pips. I care about the money and the % and if I can get a 15-20% per month, I will be more than happy, but I don't care if I achieve that with 100 or with 10.000 pips.

Best, Tymedu.
To fail is just an opportunity to learn
  • #53,314
  • Jul 11, 2013 6:49am Jul 11, 2013 6:49am
Quoting traderathome
Sonicers, Exhausted. Need rest. See you all a bit later. It is 5:47AM here, so in about 3-4 hours maybe, unless I really cave.
Prof,

I think you need to rest after a mind blowing profit session. the beautiful thing about the profit is that is not a story but reality even in my account(+17,980pips so far this month) thanks to Tah and Master Soni for sharing.

Pls I will like to appeal to Sonicers and visitors this thread is lengthy as it were pls lets try to be objective in asking questions and take time to study(don't only read) the first page's content very well before posting. This will reduce the amount of unnecessary posts and make life easier for newbies who want to learn PVSRA.

I am still studying that does not mean I don't have questions but I just realise that most of my answers are either in page #1 or in the PVSRA manual.

And for those that are just here to critic Tah I will advise pls open a demo account and follow all Tah's trades side by side and compare it to whatever you want to compare it with. When you have done that you can post your findings not requesting for a competition. Use your time to do this I think then maybe you'll appreciate what it takes someone like Tah to do what he is doing.

Once again I say thanks to the Prof and Sonic.

Best regards,
Chimz.
  • #53,315
  • Jul 11, 2013 7:37am Jul 11, 2013 7:37am
Quoting chimz
{quote} Prof, I think you need to rest after a mind blowing profit session. the beautiful thing about the profit is that is not a story but reality even in my account(+17,980pips so far this month) thanks to Tah and Master Soni for sharing. Pls I will like to appeal to Sonicers and visitors this thread is lengthy as it were pls lets try to be objective in asking questions and take time to study(don't only read) the first page's content very well before posting. This will reduce the amount of unnecessary posts and make life easier for newbies who...
chimz,

God bless you.

-tah
  • #53,316
  • Jul 11, 2013 7:39am Jul 11, 2013 7:39am
Good morning, Sonicers!

Fully rested after the three hours the jailer allows here.

Aha! AJ is capitulating, finally. Here we go!
  • #53,317
  • Jul 11, 2013 7:44am Jul 11, 2013 7:44am
TAH when You public new indicators?
  • #53,318
  • Jul 11, 2013 7:47am Jul 11, 2013 7:47am
EU short trade

TAH when You public new indicators
?
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  • #53,319
  • Jul 11, 2013 7:49am Jul 11, 2013 7:49am
Quoting jasakreatif
{quote} the good is you trade with stressless , babaradom and haphazard entrys , and post amazing pips . but if 10.000=$100 pips=1 month , you need 1 million pips and 10 years to buy a car . anyway morganstanley have uj short target at 95
jasakreatif,

Maybe it is a language barrier, but you seem to fail in understanding the main, and quite valid, point of it all.

Where I come from, you can fish the lake with a single giant hook, or..........you can throw ten sticks of dynamite out into the waters around your boat.

Which way do you think you get more fish?
  • #53,320
  • Jul 11, 2013 8:09am Jul 11, 2013 8:09am
Quoting traderathome
{quote} jasakreatif, Maybe it is a language barrier, but you seem to fail in understanding the main, and quite valid, point of it all. Where I come from, you can fish the lake with a single giant hook, or..........you can throw ten sticks of dynamite out into the waters around your boat. Which way do you think you get more fish?

I think you sink your boat with dynamite bro!
There is no spoon....
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