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Sonic R. System

  • #57,221
  • Edited 9:39pm Aug 22, 2013 8:46pm | Edited 9:39pm
Quoting revoli
{quote} . Here was how UJ played out (my entry was from earlier PVSRA so this illustrative only) {image} {image} UJ clearly established uptrend with M15 showing HH and HL’s consistently Warnings of the morning trend direction from early London traders Perfect entry point: Three dragons in line and a good solid up bar with higher volume Another entry point, good solid up bar, bigger volume, dragons lining up. All stops below SL2 then moving up with the ride. Looking for trend end signs to take profit manually.
Revoli,

Thank you for this post as it clearly highlights what I may not have been able to explain. Ok, it's just my singular view but I like to be with the trend (15mins, 4H whatever I'm looking at), and looking for entries to get on the trend. So at each place you have marked HL, is where I start to search for an entry.

http://www.forexfactory.com/attachme...1&d=1377168652


When I first looked at PVSRA, I had hoped that maybe it may provide some superior analysis to do that. Unfortunately for me, I couldn't see it, and if you (or any PVSRAers want to say I'm a 'doofus' for not using the tools or analysis correctly, then mea culpa, you're probably right.. Conventional volume analysis , as you have highlighted on your charts provides opportunities, equal or better than PVSRA for me at least. Even a simple 1930's Mr Gartley (buy at 50% retracement) provides better opportunities.


eurjpy

sonic spots the buying opportunity, along with buyers in the background


http://www.forexfactory.com/attachme...1&d=1377090897

PVSRA says it's selling

http://www.forexfactory.com/attachme...1&d=1377091388

PVSRA confirms the bears

http://www.forexfactory.com/attachme...1&d=1377095036

toldcha

http://www.forexfactory.com/attachme...1&d=1377144252

"Another 20 hrs later.. another told cha..

Close +130pips, @131.96...

20 pips DD for 130 pips..."

I'm glad you guys are making money with it. The logic just doesn't work for me.
  • #57,222
  • Aug 22, 2013 9:06pm Aug 22, 2013 9:06pm
AJ:

Signs of the Bear: rising wedge, pushes up thru whole SR, and this time with highest activity at highest price.
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  • #57,223
  • Aug 22, 2013 9:16pm Aug 22, 2013 9:16pm
EJ:

Bear MMs might be creating new distribution range.
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  • #57,224
  • Aug 22, 2013 9:20pm Aug 22, 2013 9:20pm
GJ:

As with AJ, signs of the Bear: rising wedge, push thru whole SR followed by highest activity at highest prices.
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  • #57,225
  • Aug 22, 2013 9:47pm Aug 22, 2013 9:47pm
AU maybe ,pattern H&S
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  • #57,226
  • Aug 22, 2013 9:55pm Aug 22, 2013 9:55pm
Quoting sonicdeejay
{quote} Another 20 hrs later.. another told cha.. Close +130pips, @131.96... 20 pips DD for 130 pips... Will post chart later.. Sonic
Here comes the pic
It is up to individual to average up the positions as it move up..

Sonic
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  • #57,227
  • Aug 22, 2013 9:58pm Aug 22, 2013 9:58pm
Quoting abyarforx
AU maybe ,pattern H&S {image}
I agree AUD is looking very bullish at the moment... Dragon and trendline are starting to face up.
Strong volume pushing price underneath whole number SR...
Also Green Bar push price back up to Whole number with high volume
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Creditors have better memories than debtors.
  • #57,228
  • Aug 22, 2013 10:15pm Aug 22, 2013 10:15pm
GJ entered short ep 6. Volume above whole number = bears. Also there is a rising flag very bearish. On top of that there is GDP news tonight.
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  • #57,229
  • Edited 10:44pm Aug 22, 2013 10:18pm | Edited 10:44pm
Quoting traderathome
{quote} UCad Long Trade: TP reached and all trade components closed for 2,450 pips gain. Subsequent to the last post, I added short Scout #14, PVSRA based. {image}
Quoting sonicdeejay
{quote} Superb trade..Ser Minimal DD with max pips for this one.. Sonic
Thank you, Sonic.

Some of my recent trades show improvement. Of course, this has been a project in work. Heck, I am a project in work. We are all projects in work! At least now we are working on improving while making profits. And that's a lot better than trying to improve while losing money! More relaxed. Less stress.
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  • #57,230
  • Aug 22, 2013 10:29pm Aug 22, 2013 10:29pm
AU:

Also shows signs of the Bear: price driven back above whole number and kept there for range trading, which usually means position building. If the MMs pushed the price up to do this, then that is an indication they are bears.
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  • #57,231
  • Aug 22, 2013 10:35pm Aug 22, 2013 10:35pm
Quoting tantra
{quote} My patience paid off for this week ... the rest came as a welcome {image}
Tantra,

That were indeed nice trades...

The reasons I mentioned nice trades as they closed up as winners..



BUT....

there can be better ways... to improve...

As you can see, you started to short as the price move up..and you add some more as it move up further... At that times, you Drawdown must have increased and so is your stress level... Ironically, you did nothing as the price moved down in your favour (See Orange Box)...

Why don't we do another way around... Start short when you see the set ups and keep adding as it moved down further..... By that way, your drawdown will be minimized and so is your stress level.. The winnings will be more or less the same...

SO, which way is better...?


Sonic
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  • #57,232
  • Aug 22, 2013 10:40pm Aug 22, 2013 10:40pm
Yes this is what I like. Very good sonicDJ

Quoting sonicdeejay
{quote} Tantra, That were indeed nice trades... The reasons I mentioned nice trades as they closed up as winners.. BUT.... there can be better ways... to improve... As you can see, you started to short as the price move up..and you add some more as it move up further... At that times, you Drawdown must have increased and so is your stress level... Ironically, you did nothing as the price moved down in your favour (See Orange Box)... Why don't we do another way around... Start short when you see the set ups and keep adding as it moved down further........
  • #57,233
  • Aug 22, 2013 10:49pm Aug 22, 2013 10:49pm
Quoting sonicdeejay
{quote} Tantra, That were indeed nice trades... The reasons I mentioned nice trades as they closed up as winners.. BUT.... there can be better ways... to improve... As you can see, you started to short as the price move up..and you add some more as it move up further... At that times, you Drawdown must have increased and so is your stress level... Ironically, you did nothing as the price moved down in your favour (See Orange Box)... Why don't we do another way around... Start short when you see the set ups and keep adding as it moved down further........
Sonic,

Great to have you back and involved.

-tah
  • #57,234
  • Aug 22, 2013 11:11pm Aug 22, 2013 11:11pm
Quoting sonicdeejay
{quote} Tantra, That were indeed nice trades... The reasons I mentioned nice trades as they closed up as winners.. BUT.... there can be better ways... to improve... As you can see, you started to short as the price move up..and you add some more as it move up further... At that times, you Drawdown must have increased and so is your stress level... Ironically, you did nothing as the price moved down in your favour (See Orange Box)... Why don't we do another way around... Start short when you see the set ups and keep adding as it moved down further........
Sonic,
Nice to have interesting points raised. There is some very good input on this thread from various traders.
Personally I think both are valid. I am at the moment using a 50% fib move to give me the area for possible PVSRA,Classic and PA signs. (taking a leaf from Worldfeedom`s calm approach) Then start building from there to try to reduce some of the drawdown. Then been playing with limit orders on the run for profit back to the half and full numbers. But like Tah says the run can be quick so the entries sometimes are limited, and the run may be short played. So trying to work on say 75% building side and leave 25% for run for profit positions for now. My account is growing slowly and i will post trades when I have more confidence and results.
My trading has improved immensely this past few months since following this thread. Thanks once more for being so generous, to you and all contributors concerned. Reducing stop outs alone was a huge help. Thus far none for 3 months
  • #57,235
  • Aug 23, 2013 12:00am Aug 23, 2013 12:00am
Quoting ArtfulDodger
{quote} I've tried my best to be patient with you, and even understand you, but I just can't seem to grasp what you are all about. You seem to ignore the bulk of my message and pick and choose what you want to attack. I don't understand your purpose in being here. Why not spend time on the thread you started, providing those readers with your wonderful guidance instead of wasting it here on us? And, I wouldn't exactly say I'm a newbie. I'm no expert by any means, but I do know a thing or two. I was trying my best to avoide the "ignore" route....
ArtfulDodger,

Just put him on IGNORE. Lock him up and toss the key!

BTW, Sonicers, have you all noticed that his "years" listed has gone from 7 to 8 to 9.....all within the past two weeks!

-tah
  • #57,236
  • Aug 23, 2013 12:28am Aug 23, 2013 12:28am
Quoting traderathome
AU: Also shows signs of the Bear: price driven back above whole number and kept there for range trading, which usually means position building. If the MMs pushed the price up to do this, then that is an indication they are bears. {image}
AU:

Looks to be setting up for a Classic short, although the Dragon is still flat and it is still before the London session. This could make another swing up. And things could change, too. But right now it looks like a short.
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  • #57,237
  • Aug 23, 2013 12:31am Aug 23, 2013 12:31am
Quoting kekkis
If somebody have not yet seen this ex Goldman Sachs Traders interview listen this about five mins. starting from 6.45 This link should go right place "http://www.youtube.com/watch?v=pf5S1nHhlQ4&feature=player_detailpage#t=414" http://www.youtube.com/watch?v=pf5S1...tailpage#t=414
Unfortunately the source is not reliable
  • #57,238
  • Aug 23, 2013 12:37am Aug 23, 2013 12:37am
Sonicers,


I have been following this thread since mid april and the result is great. I started with 2k account and now my balance is 10k with a current drawdown of 4.1k. The highest drawdown was 6k. For each open position the lot size is 0.02 lot with total lot size of 2 lots, so i will stop with building position once the sum of total lot is equal to 2 lots

i have been thinking of an idea to minimize the drawdown but not very sure about it, of course i am still very new to forex :-)
'Hedging with unequal lot size'. The idea is simple , if pvsra signal is bullish, then for every buliding position during a drawdown , we open two trades a buy with, let say 0.02 lot and a sell with half the size of buy trade , so 0.01lot. When the running for profit is very quick, and normally when the drawdown isnt huge yet and assuming we dont hae any chance to close our sell then averaging we still be profitable , 0.01 per open position. But in an occasion when the drawdown is huge then we can close all the sell when there is a strong sign of weakness with good profit and waiting for run for prorit phase. Prof Tah, Soicers what do you think about this strategy?
  • #57,239
  • Aug 23, 2013 12:41am Aug 23, 2013 12:41am
Quoting Mingary
{quote} Unfortunately the source is not reliable
The "interview" was very uninformative. Basically, all he informed about was that if you go to "Google" listed sites, or anywhere else for that matter, to learn to trade, you will end up learning to trade the way the Money Giants of the markets want you to trade. You will end up trading and believing in ways that make it easier for these Money Giants to take your money away from you. Aside from this, the rest was waste of time padding. Really, there was nothing there of any value.
  • #57,240
  • Aug 23, 2013 12:50am Aug 23, 2013 12:50am
Quoting traderathome
{quote} The "interview" was very uninformative. Basically, all he informed about was that if you go to "Google" listed sites, or anywhere else for that matter, to learn to trade, you will end up learning to trade the way the Money Giants of the markets want you to trade. You will end up trading and believing in ways that make it easier for these Money Giants to take your money away from you. Aside from this, the rest was waste of time padding. Really, there was nothing there of any value.
... and Mr. Anton Kreil has is own agenda and cannot be trusted.
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