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Sonic R. System

  • #56,061
  • Aug 12, 2013 3:07am Aug 12, 2013 3:07am
Quoting Islander
Quote:"Quality Classic SonicR. System Setups with PVSRA"....NOW - IMO - you are moving in the correct direction Here's an update of the chart that I posted on Friday - now as an hourly chart. The last buying was ~the 3300 level in Area 4 - note the Fake-out / Stop Sweep at LO down to the 4hr Dragon . At Area 5 - below 3400 - the Selling began - although on Lowish Volume - and now price has pulled back to the top of the old Buying in area 4......its also a Fibonacci Retracement and the 4 hr Dragon, so let's see what happens after the...
You have a PM
To fail is just an opportunity to learn
  • #56,062
  • Aug 12, 2013 3:14am Aug 12, 2013 3:14am
AU: Sell stop filled. EP5 added.

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insanity: Doing the same thing over... and expecting different results -AE
  • #56,063
  • Aug 12, 2013 3:19am Aug 12, 2013 3:19am
EU: Running Running. BE is only 30 pips away. Hellz yeah.

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insanity: Doing the same thing over... and expecting different results -AE
  • #56,064
  • Aug 12, 2013 3:26am Aug 12, 2013 3:26am
Quoting qFish
EU: Running Running. BE is only 30 pips away. Hellz yeah. {image}
my target would be RWL for EU =)
  • #56,065
  • Aug 12, 2013 3:45am Aug 12, 2013 3:45am
Quoting diginime
{quote} my target would be RWL for EU =)
And my target somewhere down south. lol. Going to ride this baby as long as I can.
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insanity: Doing the same thing over... and expecting different results -AE
  • #56,066
  • Aug 12, 2013 4:02am Aug 12, 2013 4:02am
Quoting qFish
{quote} And my target somewhere down south. lol. Going to ride this baby as long as I can. {image}
Probably they will play now above 1.33000
  • #56,067
  • Edited 4:21am Aug 12, 2013 4:07am | Edited 4:21am
Quoting qFish
{quote} And my target somewhere down south. lol. Going to ride this baby as long as I can. {image}
A note on margin

We all know, that the cost of adding a scout is approximately $30 per 0.01 lot (where my pip cost is $0.10/pip). Thus for one scout, it must move 300 pips in my direction to make the $30 margin and seem as if I never added a scout.

So we have 34 scouts in play totalling 38*0.01lots (one of them is 0.04 lots). Once we are in profit, every 7.89 pips (300/38) move in our direction, we make $30, and thus enough to add another scout. Placing our entries 25 pips apart, we are still decreasing our margin even though adding scouts along the way. Nice. More margin, more bullets, more profit.

When the direction finally reverses, we only sacrifice a few scouts at the end. Our loss and DD will be marginal and part of our profit.
insanity: Doing the same thing over... and expecting different results -AE
  • #56,068
  • Aug 12, 2013 4:23am Aug 12, 2013 4:23am
Quoting Tymedu
{quote} You have a PM
OK - I'll take a look....
Trading Levels with WRBs
  • #56,069
  • Aug 12, 2013 4:36am Aug 12, 2013 4:36am
Quoting qFish
{quote} A note on margin We all know, that the cost of adding a scout is approximately $30 per 0.01 lot (where my pip cost is $0.10/pip). Thus for one scout, it must move 300 pips in my direction to make the $30 margin and seem as if I never added a scout. So we have 34 scouts in play totalling 38*0.01lots (one of them is 0.04 lots). Once we are in profit, every 7.89 pips (300/38) move in our direction, we make $30, and thus enough to add another scout. Placing our entries 25 pips apart, we are still decreasing our margin even though adding scouts...
OK after the sixth read I think I get you. The only thing I would say is do not judge your results by amount of margin used, that is a dangerous game; you can lose a great deal more than the margin on a position. Safer to look at potential loss - ie what is your exposure - and manage account accordingly. This will not sit well with many using PVSRA but IMHO is the only way to ensure you manage an account safely and can survive potential drawdowns. TAH publishes his figures weekly which is very useful as well as your own historical performance using PVSRA. Extrapolate from this how you wish to manage your account.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #56,070
  • Aug 12, 2013 5:00am Aug 12, 2013 5:00am
Quoting revoli
{quote} OK after the sixth read I think I get you. The only thing I would say is do not judge your results by amount of margin used, that is a dangerous game; you can lose a great deal more than the margin on a position. Safer to look at potential loss - ie what is your exposure - and manage account accordingly. This will not sit well with many using PVSRA but IMHO is the only way to ensure you manage an account safely and can survive potential drawdowns. TAH publishes his figures weekly which is very useful as well as your own historical performance...
Thank you revoli,

I guess I have been beating this with a dead horse.

But it's also something new I am trying myself. You are right that margin is not all that we lose. As the move goes against us, those scouts take away not only the loss they incur, but also the profit we had from previous scouts. Something I myself must be more aware of then jump for joy and add like a crazy person.

Sorry if I've been repetitive.

-qFish
insanity: Doing the same thing over... and expecting different results -AE
  • #56,071
  • Aug 12, 2013 5:07am Aug 12, 2013 5:07am
HI Sonicers

Anyone please clarify my doubt

Two Notable volumes are occured there... when first yellow area occured, I thought it is reversal...As soon it is happened the second one was occured,..Why? What MM's planned? please clarify it..
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  • #56,072
  • Aug 12, 2013 5:33am Aug 12, 2013 5:33am
Quoting DmitryFX
{quote} Experiment with EurAud. I don't like current DD because of this trades - it's about 20%. My the main mistake was placing orders by every levels instead of place by signals. Below marked good entries - there were 4 good of them, maximum 6. Good lesson and good example. Hope current depo will be enough to prevent MC if price will continue to move to the north.... {image}
My experiment is ended. Time to conclusion.
My risk was about 20%, reward could be more then 30% but because of too wide spread trades was not closed and i closed them manually as soon as get confirmation about trend reversal.
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Now I have changed my system. It will stay more trend friendly.
And from now I will be more focused with my journal.
Everything is possible!!! Step by Step...
  • #56,073
  • Edited 5:56am Aug 12, 2013 5:35am | Edited 5:56am
AU Short Trade:

Entered short#1 when price started to make hits above the whole number again, after doing so Friday. I put a pending order higher, but it was not reached. I am now awaiting the US open to see if the MMs hike the price. If they do, I will add. I probably should have done as qFish and DmitryFx, placing pending orders spaced downwards, that way I would have already built a bigger position while sleeping.

Entered short#2, and I have placed a pending short at the 3/4 level, in case the US open MMs push the price up to there.
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  • #56,074
  • Edited 6:15am Aug 12, 2013 5:39am | Edited 6:15am
GJ Short Trade:

Entered short#1 when price broke TL and hit MR1. It is the higher TF charts that makes this look truly bearish, and the entry was made with PVSRA on M1, where PVSRA was indicating at many highs that the MMs are indeed bears. Here too, I am starting to think about pre-placed/pending short orders, but I want to see more downside (roll over, something, anything) first. Meanwhile, if the MMs take this higher, and if PVSRA still indicates they are bears, I will likely add.

Entered short#2, which I manually added. Price has fallen to another local support area. Still making entries based on M1 PVSRA.
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  • #56,075
  • Aug 12, 2013 6:53am Aug 12, 2013 6:53am
GJ Rising Wedge

Sonicers, just an alert. This might yield a good bear run, but don't know when.
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  • #56,076
  • Edited 7:18am Aug 12, 2013 7:03am | Edited 7:18am
Quoting traderathome
GJ Rising Wedge Sonicers, just an alert. This might yield a good bear run, but don't know when. {image}

HI Sonicers,
I'm with you, i try to join pvsra with oanda clouds.
see this GJ screen - target is blue :
P/S AU target was 0.899 and i must wait 5 weeks.

P/S2 since 22/07/2013 trading PVSRA i have +50% ( +15% is US.DOW short)
Best regards, and kill this bastards from big banks.
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  • #56,077
  • Edited 7:52am Aug 12, 2013 7:39am | Edited 7:52am
Quoting NewToTrade
HI Sonicers Anyone please clarify my doubt Two Notable volumes are occured there... when first yellow area occured, I thought it is reversal...As soon it is happened the second one was occured,..Why? What MM's planned? please clarify it.. {image}

POSSIBLY because, and i emphasize POSSIBLY, the people who shorted at your first yellow area would put their stop loss at either 1.) 128.55 where the last lower high was or 2.) where your "buy 0.05" order is because that is the lower high before 1.).

The MMs then pushed price upwards to knock those who have their stop losses at these 2 levels out of their trades, very nicely shown by the only blue and green bar in between your two yellow areas.

edit: added your pic for easier reference

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  • #56,078
  • Aug 12, 2013 7:50am Aug 12, 2013 7:50am
Thank You Mouldy
  • #56,079
  • Aug 12, 2013 8:07am Aug 12, 2013 8:07am
Quoting NewToTrade
Thank You Mouldy
most welcome. hope i helped.
  • #56,080
  • Edited 8:22am Aug 12, 2013 8:12am | Edited 8:22am
NIce S/R play..

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Sonic
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