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Sonic R. System

  • #54,661
  • Edited 1:48am Jul 26, 2013 1:35am | Edited 1:48am
Quoting traderathome
UJ: Coming up to the FO, on the M1 chart the M15 Dragon is leveling off (yellow) and there is a M1 Classic setup for a long..... {image}
and my Buy Stop was triggered as price moved above the 5m dragon just as it turned green

Edit: and ~10 mins later, Sell Stop entries were triggered in € and GBP as price moved below their 5m & 15m Dragons....
Trading Levels with WRBs
  • #54,662
  • Jul 26, 2013 2:08am Jul 26, 2013 2:08am
Tah I must say a very big thank for your help.
Know News/time; WAIT for Edge Entries, MPLC Normalization, Exits & TP's..
  • #54,663
  • Jul 26, 2013 2:27am Jul 26, 2013 2:27am
Early before LO entries on stops with smaller sizes - an experiment as we do not know which pair will make the best move....no cross trade allowed (€J or GJ)......
Attached Image (click to enlarge)
Click to Enlarge Name: jly 26 multi 0717 gmt.png Size: 97 KB
Trading Levels with WRBs
  • #54,664
  • Jul 26, 2013 2:50am Jul 26, 2013 2:50am
Quoting Islander
Early before LO entries on stops with smaller sizes - an experiment as we do not know which pair will make the best move....no cross trade allowed (€J or GJ)...... {image}
Why no crosses? My guess is because of the cleanliness of the move? ( Lots of chop on the crosses)

Just curious.
If you are good at something, never do it for free--Joker
  • #54,665
  • Jul 26, 2013 3:03am Jul 26, 2013 3:03am
Quoting jmn5611
{quote} Why no crosses? My guess is because of the cleanliness of the move? ( Lots of chop on the crosses) Just curious.

I only trade a Yen Cross when the 5m Dragon of say Eur Usd is sloping in the same direction as UsdJpy's 5m Dragon - viz: the two Dragons are "in harmony"

All positions now closed for small losses after the moves failed and the dragons reversed.......the lesson is NOT to trade before LO.....to quote Sonic " the moves before the London Session are not reliable"
Trading Levels with WRBs
  • #54,666
  • Jul 26, 2013 3:10am Jul 26, 2013 3:10am
yen dollar is finito.
  • #54,667
  • Edited 3:43am Jul 26, 2013 3:18am | Edited 3:43am
Quoting traderathome
{quote}The best idea that has been voiced here, to try and reduce draw downs, is to be damn sure when a Classic setup is entered the direction is the "run for profits" direction for what PVSRA indicates the MMs are (bulls or bears). How to best accomplish this is, I am sure, still being investigated by those attempting to adhere to this concept. Time will tell if this can be nailed down, or not. An inherent difficulty is the fact that at any time price can change direction, for any reason, or for no apparent reason at all! And no indicator can...
Prof. you are completely right. It is just a sort of hedging. Meanwhile I think that holding the contra (for examlpe, the contra Buy pos. for the other Sell pos.) positions all time is not effective because of sharp changing derection one day as said.

In this case I have thought about not holding the contra positions, just growing the equity, trading Classic entries with a LOT encreased, taking out 30-40 pips a trade (as Islander does, for example).

The other solution is to use one more pair highly correlated to the tradable one - the pair should be correlated but have delay in its reaction to the market changings. This delay should allow one to react and to close up all of the contra positions before the changings come in to the "contra" market.
Hunting High and Low
  • #54,668
  • Jul 26, 2013 3:18am Jul 26, 2013 3:18am
Quoting jmn5611
All 14 positions closed for 1082 pips gained all positions winners. Chart is M15, trades taken on M1. See folks, if you trade small enough, you can do this all day long. Nothing mysterious about it. Short every climax candle above the 34 ema of the highs, buy every climax candle below the 34 ema of the lows. No conspiracy theories, no complicated long winded analysis, none of that. Just a simple reversion to the mean strategy. Joe Edit: Gain to account was just shy of 1%, time for this sequence was about 15 hours. {image}
Hello jmn,
Unclear is the used average for shorting:

"Short every climax candle above the 34 ema of the highs" on M1?
Thanks
Posting Demo charts, mirroring some of them live.
  • #54,669
  • Jul 26, 2013 3:18am Jul 26, 2013 3:18am
Quoting Islander
{quote} I only trade a Yen Cross when the 5m Dragon of say Eur Usd is sloping in the same direction as UsdJpy's 5m Dragon - viz: the two Dragons are "in harmony" All positions now closed for small losses after the moves failed and the dragons reversed.......the lesson is NOT to trade before LO.....to quote Sonic " the moves before the London Session are not reliable"
That's an interesting way to filter trades. Added to my toolbelt.
If you are good at something, never do it for free--Joker
  • #54,670
  • Jul 26, 2013 3:29am Jul 26, 2013 3:29am
Quoting traderathome
{quote} The best idea that has been voiced here, to try and reduce draw downs, is to be damn sure when a Classic setup is entered the direction is the "run for profits" direction for what PVSRA indicates the MMs are (bulls or bears). How to best accomplish this is, I am sure, still being investigated by those attempting to adhere to this concept. Time will tell if this can be nailed down, or not. An inherent difficulty is the fact that at any time price can change direction, for any reason, or for no apparent reason at all! And no indicator can...

Well, since a lot of the PVSRA analysis is based on M1 time frame, the way to do it would be to make sure you have a sonic set up already under way on H1, H4, or D1, preferably all three, this way you're already in a high % trade and in current bigger trend. That's the best I can come up with.

The key with all our trades is and should be HIGH %. Like I was saying though, it does make sense to have a few scouts when there is no sonic set up yet on any of them, but this has to be purely based on major support/resistance areas.
  • #54,671
  • Jul 26, 2013 3:31am Jul 26, 2013 3:31am
Quoting omadivi
hello, i realise that there is a new advanced volume analysis to determine hidden bears and bulls. just a reminder, when these hidden bulls and bears eventually reveal themselves, the charts will show it and the pair will trend. The H1 chart still works for me. happy piping {image} {image}

16hrs ago, the H1 signal worked like a charm. FX money is in the larger TFs(imho).
happy piping
It is possible to make large sums trading, small losses, large wins
  • #54,672
  • Jul 26, 2013 3:52am Jul 26, 2013 3:52am
Yesterday was very interesting because huge movement happened after London closed.
With very high activities at new TOPs/LOWs and mostly together with pin bars.
All of my limit orders was executed and now i have very nice loading with only 10% of DD.
I suppose we will see some more loading next days, anyway REWARD should be VERY nice as well.
Attached Image (click to enlarge)
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Everything is possible!!! Step by Step...
  • #54,673
  • Jul 26, 2013 4:30am Jul 26, 2013 4:30am
OMFG. I am so... pissed. Woke up, seen that UC got pushed further down below next SR level, went to add another long scout... and entered the wrong damn TP. All UC trades closed with a total loss of 423 pips! Damnit.
Attached Image (click to enlarge)
Click to Enlarge Name: UC closed due to tp mistake.PNG Size: 80 KB


Re-entered EP1 long scout. And I cry.... sigh. So now I only have 1 position opened on UC :-(.
Attached Image (click to enlarge)
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You probably also noticed I also recently made a quick classic entry scalp on GJ M5 TF. This was a hedge on my UC and UJ long position. TP of +10 pips hit at 0.5 lots so essentially 500 pips gain. Nice offset to my new stupid mistake. Man, I'm full of them today.

Attached Image (click to enlarge)
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Lesson: Be extra careful entering TP upon waking up in the middle of the night and adding your next scalp!
insanity: Doing the same thing over... and expecting different results -AE
  • #54,674
  • Jul 26, 2013 4:36am Jul 26, 2013 4:36am
UJ: MM's push price below half SR 98.5. Added long scout EP2.
Attached Image (click to enlarge)
Click to Enlarge Name: 20130726_usdjpym15_ep2.png Size: 72 KB
insanity: Doing the same thing over... and expecting different results -AE
  • #54,675
  • Jul 26, 2013 4:40am Jul 26, 2013 4:40am
  •  St3ve
  • | Joined Jan 2013 | Status: Recovering from losses ... | 77 Posts
Quoting qFish
TP of +10 pips hit at 0.5 lots so essentially 500 pips gain.
I don't know what's your experience in forex, but please be extremely careful with such trades. You know how fast those JPY pairs can move.
In the beginning, I also thought I can drop a tremendously oversized trade here and there just for a few pips .. in the end I killed my first account with it.

10 pips gain with such a lot size may be nice, but you also have been more than 30pips on the wrong side.
I would recommend staying with PVSRA and trading very small ... at the end of the month you will definitely have better results with it than with those "scalp trades".


Steve
  • #54,676
  • Jul 26, 2013 4:49am Jul 26, 2013 4:49am
GU: MM's have consistently pushed price up above key SR levels on the M1. M15 shows the general uptrend of their building. It cannot be any clearer that MM's are BEARS.

Added first short scout entry.

Attached Image (click to enlarge)
Click to Enlarge Name: 20130726_gbpusdm1_ep1.png Size: 75 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 20130726_gbpusdm15_ep1.png Size: 86 KB
insanity: Doing the same thing over... and expecting different results -AE
  • #54,677
  • Jul 26, 2013 4:53am Jul 26, 2013 4:53am
Quoting St3ve
{quote} I don't know what's your experience in forex, but please be extremely careful with such trades. You know how fast those JPY pairs can move. In the beginning, I also thought I can drop a tremendously oversized trade here and there just for a few pips .. in the end I killed my first account with it. 10 pips gain with such a lot size may be nice, but you also have been more than 30pips on the wrong side. I would recommend staying with PVSRA and trading very small ... at the end of the month you will definitely have better results with it than...
Thanks Steve. I did feel very uneasy with this trade. I'm going to take your advice and stay away from this. I guess I better stop while I have my account! And considering my awesome track record of mistakes today.
insanity: Doing the same thing over... and expecting different results -AE
  • #54,678
  • Jul 26, 2013 4:58am Jul 26, 2013 4:58am
Quoting jmn5611
All 14 positions closed for 1082 pips gained all positions winners. Chart is M15, trades taken on M1. See folks, if you trade small enough, you can do this all day long. Nothing mysterious about it. Short every climax candle above the 34 ema of the highs, buy every climax candle below the 34 ema of the lows. No conspiracy theories, no complicated long winded analysis, none of that. Just a simple reversion to the mean strategy. Joe Edit: Gain to account was just shy of 1%, time for this sequence was about 15 hours. {image}
Wonderful jmn5611!
insanity: Doing the same thing over... and expecting different results -AE
  • #54,679
  • Jul 26, 2013 5:04am Jul 26, 2013 5:04am
Quoting qFish
OMFG. I am so... pissed. Woke up, seen that UC got pushed further down below next SR level, went to add another long scout... and entered the wrong damn TP. All UC trades closed with a total loss of 423 pips! Damnit. {image} Re-entered EP1 long scout. And I cry.... sigh. So now I only have 1 position opened on UC :-(. {image} You probably also noticed I also recently made a quick classic entry scalp on GJ M5 TF. This was a hedge on my UC and UJ long position. TP of +10 pips hit at 0.5 lots so essentially 500 pips gain. Nice offset to my new stupid...

Something that can help with this is to not set any stop loss or TP parameters. You are trading very small, so you can just enter the position when you see it and manage it as you need to, when you are wide awake.

tah does this as well. If you notice he does not set TP or SL points right away.

Joe
If you are good at something, never do it for free--Joker
  • #54,680
  • Jul 26, 2013 5:04am Jul 26, 2013 5:04am
Quoting qFish
GU: MM's have consistently pushed price up above key SR levels on the M1. M15 shows the general uptrend of their building. It cannot be any clearer that MM's are BEARS. Added first short scout entry. {image} {image}


You guys have been saying MM's are bears from 1.50, the reality is it doesn't matter what they are, what matters is where price is going after you place an order. If price is going up, you best be waiting. It's something I'll just have to disagree with that many sonicers are doing, but hey , whatever works, and as long as you're not trading too big you should be fine i guess. I just want to emphasize PATIENCE! To be a true master trader, we must have top quality patience!

Don't get me wrong, I do think GU is going to head lower and get crushed eventually, but that doesn't mean it's smart to short any level. Patience is the most rewarding quality you can have in forex and I'd love to see sonicers be more patient with their PVSRA position building.

1.54 is a good level to start shorting though IMO. But since I'm usually wrong, we should probably be going long!
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