Sonic R. System | Page 2721 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Sonic R.evolution 95 replies

The System Behind the System, by Merlin Jeffries 16 replies

Old School Sonic System + Other Things 11 replies

Knife system, Vegas 4h system related questions. 4 replies

Would you trade this system? New system #2. 10 replies

Attachments: Sonic R. System
Exit Attachments

Sonic R. System

  • #54,401
  • Jul 23, 2013 11:54pm Jul 23, 2013 11:54pm
Quoting qFish
Been a little busy so wasn't able to post my trades in real time as they were buy/sell limits. UJ: Added first long scout last night. Prices flew up around 50 pips but the MMs have surely pushed it back down to my entry. When have you ever kept a trade and not take the profits even after a 50 pip move in your favor? PVRSA confidence. {image} UC: Still have the first long scout entered yesterday as prices moved long but have reversed. Waiting for a further push down. {image} EU: Added 2nd and 3rd short scouts as MM drives prices higher. {image} GU:...
UJ:

I think your long trade will be good.

1. The yellow dragon on this M15 chart is from the H1 chart, and it appears to be basing now.
2. Today the Asian session MMs began with price drives below the half SR with notable volumes, indicating they are bulls now.

More price drives down could happen as new MMs come to the table today, presenting a lower long entry opportunity, and likely before the USD high impact release today.
Attached Image (click to enlarge)
Click to Enlarge Name: july 2013 - 280.png Size: 67 KB
  • #54,402
  • Jul 24, 2013 12:00am Jul 24, 2013 12:00am
Quoting traderathome
{quote} UJ: I think your long trade will be good. 1. The yellow dragon on this M15 chart is from the H1 chart, and it appears to be basing now. 2. Today the Asian session MMs began with price drives below the half SR with notable volumes, indicating they are bulls now. More price drives down could happen as new MMs come to the table today, presenting a lower long entry opportunity, and likely before the USD high impact release today. {image}
Prof Tah,

Still learning and would like to clarify a question that struck me.

MMs was still bearish late last week and perhaps earlier this week. We have yet to see the run for profit phase, and indication of bullish signals now.

Would it be a tentative bullish sign due to USD strengthening before the YEN does?
  • #54,403
  • Jul 24, 2013 12:15am Jul 24, 2013 12:15am
Quoting akyong
{quote} Prof Tah, Still learning and would like to clarify a question that struck me. MMs was still bearish late last week and perhaps earlier this week. We have yet to see the run for profit phase, and indication of bullish signals now. Would it be a tentative bullish sign due to USD strengthening before the YEN does?
UJ:

All I can say is what I said. Those are the signs I currently see. Are they correct? Let's keep analyzing. What is the reason? Who cares! Everything the MMs do is for the reason to make profits. Only the timing might of certain moves might be tagged to releases, but even then we cannot be sure if moves will be before, during, after or all three, or any combination thereof!

If you are suggesting the MMs are cloaking themselves in "Bull"shit for a drive up in conjunction with the USD release, said drive only being to attain the "Happy Higher Hunting Grounds" for resumed longer range short building, then you are quite possibly correct. Let's see what happens.
  • #54,404
  • Jul 24, 2013 12:20am Jul 24, 2013 12:20am
Quoting Islander
Really slow so far this morning. I waited for the Lower High in that wider ranged green semi marubozo that was a Bull Climax bar and then sold the retest of the **00 level with 1 unit. {image}
Hi Islander,

When you say you sold the retest of the 00 level, did you use a limit order sitting at the 00 level or do you wait for price to reject the 00 level and enter on the first 1min downbar in which case the entry would be around 1.3197?

Thanks
  • #54,405
  • Jul 24, 2013 12:26am Jul 24, 2013 12:26am
Quoting traderathome
{quote} UJ: All I can say is what I said. Those are the signs I currently see. Are they correct? Let's keep analyzing. What is the reason? Who cares! Everything the MMs do is for the reason to make profits. Only the timing might of certain moves might be tagged to releases, but even then we cannot be sure if moves will be before, during, after or all three, or any combination thereof! If you are suggesting the MMs are cloaking themselves in "Bull"shit for a drive up in conjunction with the USD release, said drive only being to attain the "Happy...
Thanks much!

Yup let's see how prices react and the MMs activity later
  • #54,406
  • Jul 24, 2013 12:54am Jul 24, 2013 12:54am
Quoting Venepips
Hi there guys, this is my 2nd reply and 1st chart to be post in the threat. As I said in the 1st one I'm just a newbie in the Forex thing and really fascinating about this threat. maybe I was lucky, pretty much I havent finish to read the whole PVSRA guide. Anyway, as described in your PVSRA guide (@ least is my understanding so far) I spot what you call High activity @ the High which means is a bearish signal. If I add the fact that this blue bar in the PVSAR indi was in divergence in respect to the previous green one, well there you go for my...
hi Venepips,

although i am still learner, i think you are on the right track.
it is always good to see the higher time frame for trend or whole situation, but not very adequate for PVSRA analysis.
i attached the 1-min chart of EU and the blue rectangle is where you spotted with red circle.
as you see, MMs pushed up above quarter (1/4) number with relatively high volume = BEAR indication

whole number (e.g. 1.32000, 1.33000, or 1.31000) is the most important price level for PVSRA.
the second important level is half number (e.g. 1.32500, 1.33500, or 1.31500)
the third important level is quarter (1/4 or 3/4) numbers (e.g. 1.32250, 1.32750, 1.33250, 1.33750, 1.31250, or 1.31750)
of course, other S/R levels should be kept in mind.

lastly, the blue bar has upper wick with relatively high volume, indicating the possibility of stopping volume.
so i think you did a good short entry (not sonicR entry though).
but you say "this blue bar in the PVSAR indi was in divergence in respect to the previous green one", this maybe wrong because the green bar is in the NY session when many players participate in trading (frequent trading indicates high volume) and the blue bar is after london close(off-hour).
in the off-hour, MMs can easily manipulate the price with relatively LOW volume. so it might not be the divergence.

i can be wrong of course.
sonicers, please correct me if i am wrong.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 36 KB
  • #54,407
  • Jul 24, 2013 1:13am Jul 24, 2013 1:13am
Quoting Sakk
{quote} Hi Islander, When you say you sold the retest of the 00 level, did you use a limit order sitting at the 00 level or do you wait for price to reject the 00 level and enter on the first 1min downbar in which case the entry would be around 1.3197? Thanks

GM - that is one of the times during the day that I am watching my screens and then I could see the PA and volume building during that 1m candle and I hit the sell icon in the spike above the 00 level. NB I only post in whole pips, so my fill was probably 1/10th or so from the **00.

IF I had used a Limit Order, then I would have put it at the **97 or **98 level to be more certain of a fill.

I use the Chin Breakout Alerts which sound a contract specific voice alert and I can take my laptop with me around my house and garden so that I am not confined to my study. Before Wifi, I used a Baby Monitor to do the same job!

Let's hope that this morning's data releases inject some action into these moribund markets.....

Regards

Islander
Trading Levels with WRBs
  • #54,408
  • Jul 24, 2013 1:22am Jul 24, 2013 1:22am
I just noticed that the Chin Alerts are open code, so here's the indicator......please note that if you change profile page you will need to remove the alert and re-open it....extract the support and resistance sound files for each contract that you need and place them into your "sounds" file.

PS I cant get the sounds file to upload, so here's a link...

http://www.forexfactory.com/showthread.php?t=68803
Attached File(s)
File Type: mq4 Chin Breakout Alert V.1.2s(m MTF).mq4   25 KB | 500 downloads
Trading Levels with WRBs
  • #54,409
  • Jul 24, 2013 1:27am Jul 24, 2013 1:27am
Hello guys,

Here is a tool I've developed that I use to calculate my money management based on MARGIN CALL, in which is essentially our stop loss (we don't have to trade with stop losses). Trading on margin call can be a safe and effective method, as long as you get the money management principles straight.

So, the more you trade, the more of your margin you use up, and thus, the faster you can hit margin call (which can decrease as you open more lots, and in effect lower your stop loss value). Trading small imposes a larger margin call, which gives you more breathing room. The problem with this is it opens more available margin for you to "absorb". So having more trades can lower your available margin and in a way, lower your stop loss, and limit your breathing room. It's a trade off. The important thing to note, is how much margin is left and how many lots you currently have open, which will dictate how many pips you can absorb before hitting margin call.

At any rate, you just have to study and figure this out for yourself to really understand. The helpful thing about the tool is that you can enter a risk percentage that you want margin call to be for your account. By playing around with balance, risk (per trade), and margin call (SL/Mgn Call), you can see how many open trades max you can have. The file also allows a TP, which gives you RR, which is calculated from stop loss (in our case Margin Call), and Take Profit. So now, finally you can get quite an accurate estimate of RR for your PVSRA trade :-).

Attached is a screen shot and excel file. Hope you like it.

Attached Image (click to enlarge)
Click to Enlarge Name: PVSRA Money Management.PNG Size: 59 KB

Attached File(s)
File Type: xlsx PVSRA Money Management.xlsx   17 KB | 796 downloads


P.S., you can also use this for single trades. Just manipulate until you see 1 trade max (increasing risk, lowering SL).
insanity: Doing the same thing over... and expecting different results -AE
  • #54,410
  • Jul 24, 2013 1:35am Jul 24, 2013 1:35am
UJ looks like pump and dump now?
  • #54,411
  • Jul 24, 2013 1:46am Jul 24, 2013 1:46am
Quoting trexy123
UJ looks like pump and dump now?
Or, the market makers are pushing up the price to suck in longs now, so they can still have time before the USD release to whip the price back down and stop them out before the true bull run later. All very speculative.
  • #54,412
  • Jul 24, 2013 1:48am Jul 24, 2013 1:48am
As Tah says, we can see that AU have been building shorts for awhile now and possibly running out of steam. Entering my first short scout now (taking advantage of the awesome high price :-) and waiting to build more.

Attached Image (click to enlarge)
Click to Enlarge Name: 20130724_au_ep1.png Size: 63 KB
insanity: Doing the same thing over... and expecting different results -AE
  • #54,413
  • Jul 24, 2013 1:50am Jul 24, 2013 1:50am
Quoting qFish
As Tah says, we can see that AU have been building shorts for awhile now and possibly running out of steam. Entering my first short scout now (taking advantage of the awesome high price :-) and waiting to build more. {image}
isn't the high vol down means MM is bull?
  • #54,414
  • Jul 24, 2013 1:55am Jul 24, 2013 1:55am
@ tah

Could you be so kind to tell me / us what is happening with Gbp/Jpy ? If i remember it correctly you had many open short positions last week. You didnt report that you added more positions or closed your old ones. At the moment i´m not sure if the mm did change their direction into Bulls
TWEE, revoke my membership.
  • #54,415
  • Jul 24, 2013 1:57am Jul 24, 2013 1:57am
Before the London Session, but still a good start......
Attached Image (click to enlarge)
Click to Enlarge Name: jly 24 uj 1m lo.png Size: 42 KB
Trading Levels with WRBs
  • #54,416
  • Jul 24, 2013 1:59am Jul 24, 2013 1:59am
Quoting traderathome
{quote} Or, the market makers are pushing up the price to suck in longs now, so they can still have time before the USD release to whip the price back down and stop them out before the true bull run later. All very speculative.
I was thinking the same thing when i saw the sudden volume jump and price action...
Price reached 99.90 Then Sudden Low Volume....
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 85 KB
Creditors have better memories than debtors.
  • #54,417
  • Jul 24, 2013 2:00am Jul 24, 2013 2:00am
Quoting trexy123
{quote} isn't the high vol down means MM is bull?
You have to look at M1 time frame, then zoom out and move back. They have been building at least since July 18th.

MMs will push price up above significant SR levels in their building. The spikes in volume pushing price above key SR levels will let you know. In addition, the price has been pushed up since the 18th, meaning, it doesn't make sense for the MM's to build longs now while they have not make the short run for profit from previous building. MM's don't buy tops. However, you will see localized bull action as they take out stops and leer in more longs. What you see previously was a whipsaw, and a prime example of taking out stops, leering in more longs, and then taking them out too, and all this at this much higher price, which is a great opportunity to accumulate more shorts! Do you see? PVSRA, Bigger picture movement, localized tricks.
insanity: Doing the same thing over... and expecting different results -AE
  • #54,418
  • Jul 24, 2013 2:06am Jul 24, 2013 2:06am
Quoting Islander
Before the London Session, but still a good start...... {image}
Good Day Islander, there was similar issue with EU before LO..just made some pips, but there are news, so i di not trade it...
sorry I do not know how to attach chart...sorry
entry was at 1,3204....
  • #54,419
  • Jul 24, 2013 2:09am Jul 24, 2013 2:09am
Quoting qFish
{quote} You have to look at M1 time frame, then zoom out and move back. They have been building at least since July 18th. MMs will push price up above significant SR levels in their building. The spikes in volume pushing price above key SR levels will let you know. In addition, the price has been pushed up since the 18th, meaning, it doesn't make sense for the MM's to build longs now while they have not make the short run for profit from previous building. MM's don't buy tops. However, you will see localized bull action as they take out stops and...
Of course, just simply my view on it. You gotta take on your PVSRA analysis. And then we let the experts guide us :-). I believe Tah and a few others see this situation as very "speculative." Thinking about it again, if the MMs know which direction the release will push, they could do a localized build for longs, which in a way allows them to push prices up further for the short building as prices move back after the release (which happens all the time after a news release as price corrects itself. not always, but quite frequent).
insanity: Doing the same thing over... and expecting different results -AE
  • #54,420
  • Jul 24, 2013 2:11am Jul 24, 2013 2:11am
Quoting qFish
{quote} You have to look at M1 time frame, then zoom out and move back. They have been building at least since July 18th. MMs will push price up above significant SR levels in their building. The spikes in volume pushing price above key SR levels will let you know. In addition, the price has been pushed up since the 18th, meaning, it doesn't make sense for the MM's to build longs now while they have not make the short run for profit from previous building. MM's don't buy tops. However, you will see localized bull action as they take out stops and...
on 17Jul MM push UJ up for 2 days and sell it down for 3 days , now we are back to the middle price.

today they are pushing price up to sell later?
39 traders viewing now