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Sonic R. System

  • #53,361
  • Jul 11, 2013 12:16pm Jul 11, 2013 12:16pm
EU & OTHER UPDATED

http://500euroalgiorno.blogspot.it/
500euroalgiorno.wordpress com
  • #53,362
  • Jul 11, 2013 1:14pm Jul 11, 2013 1:14pm
Quoting Redsunfx
{quote} just by curiosity how do you keep track of the risk already "in" and the risk "available" when using scout entry ? to protect your capital from an "accident" . do you have a maximum scout entries ? or do you define in advance a "maximum loss value per trade " ? this is not very clear yet in my brain ......scout entries , PVSRA concept no problem , but "risk pips" management not yet clear .... if someone have the kindness and patience to explain the way you look at risk management when using scouts entries redsun
I suggest you go back to April 1st, 2013 and scan the thread for posts relating to this.
  • #53,363
  • Edited 1:47pm Jul 11, 2013 1:21pm | Edited 1:47pm
AJ Short Trade:

Entered shorts #1 and #2, Scouts. M1 PVSRA shows MMs pushing price above 3/4 SR on increased volume, indicating the MMs are bears pushing price up to add shorts.

Edit: Added short #3, Scout. Updated M15. Adjusted TP.
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  • #53,364
  • Edited 1:44pm Jul 11, 2013 1:32pm | Edited 1:44pm
PVSRA in "Off Hours"

Do it. You will get clear indications. For example, if you analyze EU and GU on M1 charts you will see that not only are the MMs focused on pushing up prices now that it is easier to do so, you will also see one of the main premises of PVSRA working, that bears favor highs for shorting, as the MMs step prices up, bit by bit, utilizing any suitable liquidity to get their short orders filled. This is important because it tells if the MMs are bulls or bears, and what they are doing is in preparations for tomorrow.
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  • #53,365
  • Edited 2:05pm Jul 11, 2013 1:40pm | Edited 2:05pm
Quoting traderathome
{quote} GU Short Trade: Added shorts #5 and #6, Scouts. M1 PVSRA shows MMs pushing price higher, up thru whole SR and then thru the 1/4 SR above. While there is no notable volume to speak of, this is all happening in the context of the MMs previously being indicated as bears. Note the highs (so far) align with previous highs. The MMs are attempting to stop out short that have already joined the party......their way of "stealing", which they use all the time. Now, as I write this, the notable volume appears. Adjusted TP. Planting more...
GU Short Trade: Added shorts #8 and #9, Scouts. M1 PVSRA shows MMs pushing price higher, up thru half SR on increased volume, indicating the MMs are pushing up prices in off hours to add shorts.

Edit: Added shorts #10 thru #13, Scouts. Updated M15. Adjusted TP.
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  • #53,366
  • Jul 11, 2013 1:48pm Jul 11, 2013 1:48pm
Quoting Islander
{quote} We should remember that these are Micro-Pips that are generally being posted......on this basis, my last trade posted would show a gain of 1080 Minis or 10800 Micros if I am not mistaken (5 micros / entry).....
As far as the general usage here, pips are pips.

It's up to the individual to determine the value of each one.

  • #53,367
  • Jul 11, 2013 2:13pm Jul 11, 2013 2:13pm
Quoting traderathome
{quote} EU Short Trade: Added short #5. Scout. M1 PVSRA shows MMs push price up thru half SR on increased activity, indicating they are bears pushing price higher to add shorts. Adjusted TP. Planting seeds. {image} {image}
EU Short Trade: Added shorts #6 thru #8. Scouts. M1 PVSRA shows MMs pushed price up to/thru whole SR on extremely high volume, indicating extreme bears seeking higher prices to add lots of shorts! Adjusted TP.
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  • #53,368
  • Jul 11, 2013 2:18pm Jul 11, 2013 2:18pm
Quoting traderathome
{quote} 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. {image}
GJ Short Trade: Added short #9, Scout. M1 PVSRA shows MMs pushing price up to half SR on increasing volume, indicating strong bears seeking higher prices to short. Adjusted TP.
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  • #53,369
  • Jul 11, 2013 2:18pm Jul 11, 2013 2:18pm
Lovely push-up through half number and retrace with higher volume.

http://charts.mql5.com/2/19/gbpjpy-a...da-markets.png

Cheers

Waez
  • #53,370
  • Jul 11, 2013 2:25pm Jul 11, 2013 2:25pm
Quoting Waez
Lovely push-up through half number and retrace with higher volume. {image} Cheers Waez
Something just happened to my eyesight!

(just joking)

  • #53,371
  • Jul 11, 2013 2:25pm Jul 11, 2013 2:25pm
GU Entered Short EP 1. There was A nice push up to RWH with good volume at the top above the whole number = bears.
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  • #53,372
  • Jul 11, 2013 2:32pm Jul 11, 2013 2:32pm
PVSRA and Market Comment

Look at this GU short trade. It started with a perfectly good SonicR Classic short early in the London session. But, the trade is to be so good, the LS MMs hiked the price to add more shorts instead of letting the trade run. Then the US MMs liked what they saw, and they hiked the price to add more shorts themselves. Finally, when the market all but closed late in the day, the US MMs continued to hike the price to soak up all available liquidity suitable for getting even more short orders filled!

This is an example of PVSRA.

This is an example of a good SonicR Classic setup that didn't run, but reversed, but will eventually run.

This is an example of using Scouts to take advantage of the MMs when they are manipulating prices in an attempt to take advantage of us!
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  • #53,373
  • Jul 11, 2013 2:33pm Jul 11, 2013 2:33pm
Quoting Ravelt
{quote} sorry ? i think i'm not copying yours or it is just a joke because we have similar pips profit ?
The second one . It was just a joke.

Pic from the beach, relax...
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To fail is just an opportunity to learn
  • #53,374
  • Jul 11, 2013 2:43pm Jul 11, 2013 2:43pm
You're a brilliant man, TAH. Much respect.
  • #53,375
  • Jul 11, 2013 2:50pm Jul 11, 2013 2:50pm
Quoting ArtfulDodger
{quote} Something just happened to my eyesight! (just joking)
Is it the color of the chart? Or did I inadvertently write something funny? (The only way for me to be funny)

I´ve starrted to build also on GU - spacing about 50 pips between the first three entries and then 100 for the next.

http://charts.mql5.com/2/19/gbpusd-a...da-markets.png

Cheerz

Waez
  • #53,376
  • Jul 11, 2013 2:51pm Jul 11, 2013 2:51pm
Quoting ArtfulDodger
{quote} As far as the general usage here, pips are pips. It's up to the individual to determine the value of each one.
No, you are not correct and to suggest that any individual can determine the value of a pip is ludicrous - but he can choose which contract size he trades and the quantity

The recent "general usage here" for pips has become Micro Pips - 1 /100th of a pip.

A Mini Pip is 1/10th of a Pip.

Here's the Investopedia Definition of a pip - which is what retail forex started with about eight years ago. Later the 5th decimal was added creating Mini Pips and recently retail brokers have added the Micro Pip (1/10th of a Mini) to pull in even more newbies.....

Definition of 'Pip'
The smallest price change that a given exchange rate can make. Since most major currency pairs are priced to four decimal places, the smallest change is that of the last decimal point - for most pairs this is the equivalent of 1/100 of one percent, or one basis point.
Trading Levels with WRBs
  • #53,377
  • Jul 11, 2013 2:55pm Jul 11, 2013 2:55pm
GU is clearly going to get crushed from here. Pump and Dump!
  • #53,378
  • Jul 11, 2013 3:00pm Jul 11, 2013 3:00pm
Think about this:
If you think there is no reason to stop a trend at any one place. Trends that are too large, too fast dislocate the markets, and there is only so much of that a market can take. When food gets too expensive to obtain people take to the streets. The country with a high valued currency cannot export its goods. The country with a currency that has tanked finds its resources plundered by others. War becomes more and more likely.

Am I the only one who suspects the Arab Spring does not have economic roots?

There have to be corrective measures in place. If banks get too greedy their governments will rein them in. A day in which Many traders triple the size of their accounts is not a good day, not even for those traders. That could be why none of the pairs I watch is showing me a position I can enter with confidence.

For which I probably should be thankful.
(I always wondered about the basis for her comparison)
  • #53,379
  • Jul 11, 2013 3:00pm Jul 11, 2013 3:00pm
Quoting Islander
{quote} No, you are not correct and to suggest that any individual can determine the value of a pip is ludicrous - but he can choose which contract size he trades and the quantity The recent "general usage here" for pips has become Micro Pips - 1 /100th of a pip. A Mini Pip is 1/10th of a Pip. Here's the Investopedia Definition of a pip - which is what retail forex started with about eight years ago. Later the 5th decimal was added creating Mini Pips and recently retail brokers have added the Micro Pip (1/10th of a Mini) to pull in even more...
Let's just say I am PARTIALLY correct.

Pip value is determined by the contract size being traded, and the contract
size being traded is determined by the individual trader. Agreed?

:nerd:
  • #53,380
  • Jul 11, 2013 3:13pm Jul 11, 2013 3:13pm
Anyone here know how to add these templates/indicators on a mac computer? I know how to do it on windows but can't figure it out on Mac.
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