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Sonic R. System

  • #55,441
  • Aug 5, 2013 8:57am Aug 5, 2013 8:57am
Market Comment:

The first day of the week the MMs typically use to get prices where they advantage their position building. That pretty much happened today. No breakouts for profits. And after the LS, when it is easy for MMs to move prices, there might be even more of the same, which means there could be opportunities to add Scouts to your own positions. Just be sure your trade is in the right direction.
  • #55,442
  • Aug 5, 2013 9:03am Aug 5, 2013 9:03am
Quoting danelo
Hello everyone this is my first post. I would like to ask your opinion on my trade on sonic classic entry. Is it correct or have I missed something, I have read the first post and last post over two weeks. best wishes, D {image}
danelo,

First off, your chart should look like mine. So, obviously you have not bothered to read all the instructions and information regarding the tools you are using. Do that first.
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  • #55,443
  • Aug 5, 2013 9:07am Aug 5, 2013 9:07am
EU: Added short scouts 16-20. Previous spike was slightly below whole number SR 1.33. I had a sell limit there, but price didn't quite reach it so I missed the spike. You can see price started to fall significantly out of consolidation. As I checked at the time, I had a feeling the run was happening so I loaded 5 more bullets. Of course there was a retrace to sucker people like me out. Manipulation, and I got manipulated. Now with slightly worse average price, but still ok as if it goes back up to build more, I'll load 5 more to compensate :-).

Patient is hard to master. Impulse is hard to resist.
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insanity: Doing the same thing over... and expecting different results -AE
  • #55,444
  • Aug 5, 2013 9:20am Aug 5, 2013 9:20am
Quoting qFish
EU: Added short scouts 16-20. Previous spike was slightly below whole number SR 1.33. I had a sell limit there, but price didn't quite reach it so I missed the spike. You can see price started to fall significantly out of consolidation. As I checked at the time, I had a feeling the run was happening so I loaded 5 more bullets. Of course there was a retrace to sucker people like me out. Manipulation, and I got manipulated. Now with slightly worse average price, but still ok as if it goes back up to build more, I'll load 5 more to compensate :-)....
EU:

gFish,

It could happen during off-hours. Let's see. At this point the 3/4SR looks pretty strong, but the MMs have wagged the doggy's tail on both sides of it pretty good. My guess is the 1.3263 level is key resistance now, and it probably will not be broken, or not by much. But, one can never know what the MMs will do, and they can do pretty much anything they want to do, and they will if there is enough anticipated profit involved.
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  • #55,445
  • Edited 9:37am Aug 5, 2013 9:25am | Edited 9:37am
Quoting loeil
{quote} What a hell is this??? What Sir needs to look there? You really hope to get the answer for this kind of question? Come on, I hope you are kidding now! Do some analysis! Show at least a little respect! First of all which pair is it? Where is the PSVRA indicator? What do you want the other people looking there??? Just "sell here". It must be some kind of bad dream now, unbelievable, just unbelievable! Please go to post #1 and do some reading!
Ha!

loeil,

You crack me up! I think when I retire, I will nominate you to take over such duties!

Just don't be too hard on folks not using the PVA indys. Even I am experimenting like that, in order to gleen and use just the most obvious PVSRA indications that are apparent without them (but I don't know how this will turn out). An example is this breech of the half SR in off hours, PVSRA indicating bulls. Why else would the MMs move the price lower once it became easier to do so, and then increase their activity?

-tah
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  • #55,446
  • Aug 5, 2013 9:32am Aug 5, 2013 9:32am
Quoting traderathome
{quote} EU: gFish, It could happen during off-hours. Let's see. At this point the 3/4SR looks pretty strong, but the MMs have wagged the doggy's tail on both sides of it pretty good. My guess is the 1.3263 level is key resistance now, and it probably will not be broken, or not by much. But, one can never know what the MMs will do, and they can do pretty much anything they want to do, and they will if there is enough anticipated profit involved. {image} {image}
Good catch on the 1.3263 as it's a significant SR based on historic price action. Let's see what they choose to do at this level.
insanity: Doing the same thing over... and expecting different results -AE
  • #55,447
  • Aug 5, 2013 9:35am Aug 5, 2013 9:35am
Quoting traderathome
{quote} Ha! loeil, You crack me up! I think when I retire, I will nominate you to take over such duties! Just don't be too hard on folks not using the PVA indys. Even I am experimenting like that, in order to gleen and use just the most obvious PVSRA indications that are apparent without them (but I don't know how this will turn out). -tah
LoL. Yes yes, not all of us can be at home with the nice MT4. I have to improvise with the tools i have (FXCM slow and choppy web trading station, or my phone apps ). Ever tried PVSRA without the nice colors? It's not half bad at all.
insanity: Doing the same thing over... and expecting different results -AE
  • #55,448
  • Aug 5, 2013 9:39am Aug 5, 2013 9:39am
Quoting qFish
EU: Added short scouts 16-20. Previous spike was slightly below whole number SR 1.33. I had a sell limit there, but price didn't quite reach it so I missed the spike. You can see price started to fall significantly out of consolidation. As I checked at the time, I had a feeling the run was happening so I loaded 5 more bullets. Of course there was a retrace to sucker people like me out. Manipulation, and I got manipulated. Now with slightly worse average price, but still ok as if it goes back up to build more, I'll load 5 more to compensate :-)....
TaH to Danelo: "First off, your chart should look like mine"
I wonder: Does this look lik TaH's chart?
Posting Demo charts, mirroring some of them live.
  • #55,449
  • Aug 5, 2013 9:53am Aug 5, 2013 9:53am
Quoting qFish
{quote} Good catch on the 1.3263 as it's a significant SR based on historic price action. Let's see what they choose to do at this level.
EU:

Another increased activity bar on that off hours push up to the resistance area. This is additional PVSRA confirmation the MMs are bears.
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  • #55,450
  • Aug 5, 2013 9:55am Aug 5, 2013 9:55am
EU Volume Analysis:

We've always stressed the quarter, half, and whole SRs. But here is a good example of how important history SR can also be. 1.326 noted by Tah is absolutely a major pivot point.

We can also read into what volume is telling us in terms of whether it is increasing or decreasing during a down or up move. In this chart, BEARS clearly have strength due to volume. This adds confirmation to the direction of future price, which in this case is Down. If price do go up, it's to build more for the MMs.
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insanity: Doing the same thing over... and expecting different results -AE
  • #55,451
  • Aug 5, 2013 9:57am Aug 5, 2013 9:57am
Tradeable action early on in UsdJpy and then GbpUsd. EurUsd failed at its 3300 level and fell slowly all day - again a tradeable move until the US Session started at 12:00 GMT since then its all slowed down into the European Close at 16:00 GMT....still all the charts are coiling nicely for big increase in ranges (volatility)......when is the question BFN
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Trading Levels with WRBs
  • #55,452
  • Aug 5, 2013 9:57am Aug 5, 2013 9:57am
Quoting forexpiet
{quote} TaH to Danelo: "First off, your chart should look like mine" I wonder: Does this look lik TaH's chart?
Completely Missed the Point!

forexpiet,

A lot of work went into the coding of the Dragon and the PVA indicators so bar widths would be appropriate to whatever chart zoom the user had their chart set to. And very thorough instructions were laboriously compiled so as to inform users how to properly use these indicators. It is for no other reason than users don't bother to read anything that charts like Danelo's get posted. That is a sign of lazyness.

It is not a question of folks using these indicators or not. It is a question of using tools, but not taking the time to learn how to use them properly!

Do you understand now? And do you understand that "too lazy to bother to read, study, think and learn" needs to be stamped out early in a "would-be" trader, if the trader is going to have a better chance to become successful? Bad habits breed failures, and being lazy is a very bad habit.

-tah
  • #55,453
  • Aug 5, 2013 10:04am Aug 5, 2013 10:04am
looks like a very interesting thread.
$$ Buy @ Lod & Sell @ Hod $$
  • #55,454
  • Edited 10:25am Aug 5, 2013 10:13am | Edited 10:25am
I was actually trying to build a volume indicator (not like PVA), but to find discrepancies such as low volume, big real body candles. I have yet to finish, but the PVA algorithm is very close to how I would code it myself (using a factor above average volume range over a number of periods). I'm sure a lot of tweaking and testing must have gone into those factor values! I was thinking about using statistical analysis to somehow make this dynamic. Anyways, just food for thought.

Tah,

I am a coder myself. If you need anyone to help, let me know.

-qFish
insanity: Doing the same thing over... and expecting different results -AE
  • #55,455
  • Aug 5, 2013 10:31am Aug 5, 2013 10:31am
Quoting qFish
I was actually trying to build a volume indicator (not like PVA), but to find discrepancies such as low volume, big real body candles. I have yet to finish, but the PVA algorithm is very close to how I would code it myself (using a factor above average volume range over a number of periods). I'm sure a lot of tweaking and testing must have gone into those factor values! I was thinking about using statistical analysis to somehow make this dynamic. Anyways, just food for thought. Tah, I am a coder myself. If you need anyone to help, let me know. -qFish...
qFish,

Thank you for your offer. Most generous and nice to have your support. BTW, sent you a PM regarding thoughts on volume indys....
  • #55,456
  • Edited 10:50am Aug 5, 2013 10:38am | Edited 10:50am
Quoting traderathome
{quote} UCad Long Trade: Added long #2, a Classic entry for a solid Sonic R. long setup with increasing volume as the MMs start the push up from the lows the US MMs used to gather in more longs. PVSRA indicates the MMs are bulls. By the M15 chart we can easily see the MMs have spent the entire day keeping the price below the whole number most of the time, while they worked to build their positions, with most of their activity being done at the lows, and now, coming up off those lows. {image}
UCad Long Trade: Added long #3, a Scout pending order in case the MMs tanked the price in off-hours. They did. And I still have one more pending order in case they get the price sufficiently lower, in the area I had hoped for when this day started.

H1 shows the new trend up and those times the MMs have had increased activity at lows or coming up from the lows. This is all bullish. Today, we see the MMs kept the price from breaking out upwards through the whole SR.

M1 show now, in off-hours, the MMs easily move price to where they want it; low for more adding of longs.
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  • #55,457
  • Aug 5, 2013 11:07am Aug 5, 2013 11:07am
what's your opinion about this trade guys?
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  • #55,458
  • Aug 5, 2013 11:29am Aug 5, 2013 11:29am
Quoting traderathome
{quote} qFish, Thank you for your offer. Most generous and nice to have your support. BTW, sent you a PM regarding thoughts on volume indys....
NP Tah. Cannot compare to what you, Sonic, and many others have already done.
insanity: Doing the same thing over... and expecting different results -AE
  • #55,459
  • Aug 5, 2013 11:37am Aug 5, 2013 11:37am
Quoting smarteng99
what's your opinion about this trade guys? {image}
Not only is this long trade in line with PVSRA (price has been pushed down below key SR levels in the past), it's a great setup for a classic sonic long. Ideally the dragon should be steep and price above the 89 EMA (which it is!). But it's a good long trade nevertheless (both for building longs or classic entry).
insanity: Doing the same thing over... and expecting different results -AE
  • #55,460
  • Aug 5, 2013 12:39pm Aug 5, 2013 12:39pm
Dear sonicers
pls any one can help me and send me the name for this indicator which calculates the total draw down pips for the whole trade elements which is marked in this chart

thx in advance

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back to square no one , over trading is my sin , never get the lesson
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