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Sonic R. System

  • #57,341
  • Aug 23, 2013 1:54pm Aug 23, 2013 1:54pm
Quoting Dr.Phoenix
{quote} The way you have been still going has been already studied by me. The indicators you are looking for are all ghfound in the FF. Try the FF search. However, I asure you that if you use Market Statistics v.4.2., you can use the WVAP standart deviation lines (the SD1 lines) and the PVP line (this line is almost the line you need, the POC line). The range between the SD1 lines can be used as VA with no difference. if needed, the session market profile is below. {file}
Hi Doc.

Thats not very good MP indicator i posted link allready better MP. it can found here http://www.forexfactory.com/showthread.php?t=277528
and there is many more which also colors for different sessions tok,lond,ny

I am using MP usually in ninjatrade free dvaluea or "http://fin-alg.com/" TPO indicator.
If you have ideas with MP, I will listen ,reading feedback.

Thank you
  • #57,342
  • Aug 23, 2013 2:06pm Aug 23, 2013 2:06pm
Quoting Dr.Phoenix
{quote} The way you have been still going has been already studied by me. The indicators you are looking for are all found in the FF. Try the FF search. However, I assure you that if you use Market Statistics v.4.2., you can use the WVAP standart deviation lines (the SD1 lines) and the PVP line (this line is almost the line you need, the POC line), the range between the SD1 lines can be used as VA with no difference. if needed, the session market profile is below. P.S. Note that this thread is not for "Auction Market Theory and Market Profile"....

I checked clusterdelta site interesting indicators for mt4 cumdelta and volumeprofile.
  • #57,343
  • Edited Aug 24, 2013 1:50am Aug 23, 2013 3:22pm | Edited Aug 24, 2013 1:50am
Quoting DmitryFX
{quote} JRissa, i suppose you are using micro lots. Who is your broker? AlpariUK?
Yeah, you're right. I'm with Alpari UK and using micro lots (0,01).

I'm very much trading PVSRA scout entries heavily with small account. The trick is to time entries right and also; I can hedge if needed and done it also.
I know the secret...
  • #57,344
  • Aug 23, 2013 3:32pm Aug 23, 2013 3:32pm
Quoting Msis125125
Closed AU for 360 pips, turning for the short building! {image}
Hi!

pls recheck and correct me if I am wrong. I see possible reversal after accumulation & high volume on lows.

rgds,
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  • #57,345
  • Edited 4:55pm Aug 23, 2013 4:24pm | Edited 4:55pm
Quoting Lucy Furr
{quote} I think simple volume analysis from Wyckoff/ Tom Williams can get you to the same place without the draw-down and histrionics. In the spirit of compromise, and to keep an open mind, let's agree to keep an eye on, say usdjpy 4h as I posted to tymedu above, and keep me informed if you see any signs of buyers on the retrace (if any), and I'll do the same, and see if their are synergies.
Quoting JRissa
{quote} Here is an example of what I'm trying to say here. It might not be the best example, because even TAH thinks UJ as bulls, but I'm reading bears right now. What if the price will turn around right here: {image} And go all the way to here: {image} Wouldn't that be exiting? Being able to see what's going on Well... this is just a thought and I'm so unsure about UJ that I'm not going to trade it. Just sharing thoughts here and want to raise discussion



Well Lucy... Beginning to see any potential in PVSRA? Still bullish on UJ?

Remember this?
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And now at target zone:
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Just wanted to show what PVSRA can be used for... Remember that it is not the position building that PVSRA stands for, but it's PriceVolumeSupportResistanceAnalysis. Just a way to analyse market. THE way to see what the MM's are doing...
I know the secret...
  • #57,346
  • Aug 23, 2013 4:31pm Aug 23, 2013 4:31pm
How to build a position safely

Preamble. I must say that trading with the PVSRA methodology will provoke indignation from now on. Many words have been already said and many words will be said in the future. However, if this methodology allows one to raise money, who cares how it works, if it works. That is all about money. No more. So, any attacks from both sides are silly and pointless, I suppose.

Introduction. The market has two sides. Both of them are valid and influence up on us, allow us to make money. Both of them should be used in doing this. We can trade with a trend or without it - the main thing we should all do is to learn to see the factor of maket, in what the PVSRA kindly helps us.

From my point of view, the PVSRA can be used as an additional system to main one. The main trading should be with the trend, building a position with the PVSRA is a contra-trend option. Of course money management should be different for both ways in this case.

We all know how to start building the position, but the main question is when we should start doing it. I have been trying to find a solution and it seems to be done.

I want to say straight away that I have not invented anything you do not already know. The main principles are known.

Kernel.

- Timeframe: 4H (1H might be optionally used in order to encrease risk and profit);
- Tools used: Fibonacci Time Zones;
- Money Management used: Nanningbob's Recovery system (PDF file is attached), the rule of 1-1-2-4 is used;
- Methodologies used: The PVSRA, Price action.

Let us take the EURUSD chart as an example. The 4H chart is below.

1. Red lines in the picture are the Fibonacci Time Zones lines. If the price is going up, the key points for building the Zones are the local lows (as presented in the picture); if the price is going down, the key points for building the Zones are the local highs (the last high has not been formed yet - there is still a possibility of testing the 3450 level and a new high might be set out).

2. Start building a position (to sell in our case) as soon as price is passing through the [2; 3] Zone.

3. Set a part of position (in our case the sell-limit order is used) with one Unit size (Unit is your standart position size), if you see the 4H bar with a tail up (a selling position is being built). Find this tail using the PVSRA. Confirm it using Price action (the inside bar is formed the next 4 hours, as an example). Set it at the point that is upper than the maximum of the 4H bar by 5-7 pips (a selling position is being built). Red croses are shown to mark the entry points. Note that the round levels (3200, 3250, 3300) are only used.

4. Use the rule of 1-1-2-4 to build the position. In the picture you can see that the "1 x Unit" entries are for the [2; 3] and [3; 5] Zones, the "2 x Unit" entries are for the [5; 8] Zone and the "4 x Unit" entries are for the [8; 13] Zone and so on. For additional risk/profit you can start building the position from the [1; 2] Zone. For less risk/profit start building the position from the [3; 5] Zone. The rules stay the same.
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Attached File(s)
File Type: pdf The Recovery System.pdf   65 KB | 1,068 downloads
Hunting High and Low
  • #57,347
  • Edited 4:57pm Aug 23, 2013 4:33pm | Edited 4:57pm
Quoting traderathome
AU: PVSRA indication MMs are bears. IMHO, good short entry here. Just be prepared if MMs spike price again in conjunction with upcoming release. {image}
Not just yet Professor...

I'm shorting GA based on PVSRA, so AU needs to retrace some more and GU needs to continue bear way, so that PVSRA can full fill everything on every pair what it's pointing at
(really pushing PVSRA to max here)
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I know the secret...
  • #57,348
  • Aug 23, 2013 4:57pm Aug 23, 2013 4:57pm
Quoting Dr.Phoenix
How to build a position safely Preamble. I must say that trading with the PVSRA methodology will provoke indignation from now on. Many words have been already said and many words will be said in the future. However, if this methodology allows one to raise money, who cares how it works, if it works. That is all about money. No more. So, any attacks from both sides are silly and pointless, I suppose. Introduction. The market has two sides. Both of them are valid and influence up on us, allow us to make money. Both of them should be used in doing this....
Dr. Phoenix,

Thank you for your input. I have seen many forms of this recovery system, and in a way, we are going towards this, although in a sloppy way as the spacing of our scouts is hard to wrap our finger around. We know that initially, it's advantageous to put them very far apart (50+ pips). As we continue contra-trend, we (by probability of likely reversal and filling of MM's pocket) will get closer to reversal, and would want to increase our spacing (thereby putting more weight to the farthest component from our original first scout position). Your method is exactly this, but in a way, a little more structured, and gives ease of calculation. However, it's also a system that needs sniper entries (close to the reversal as possible or late building in the MM's building phase).

I'm not quite sure about the time zone, but in terms of pips levels this could work. How do you determine the time zones? Do we approximate from previous legs?

I've only recently look into the rescue strategy and have found it to be, not so easy to trade. I just need more experience I guess. It also requires lots and lots of patience to wait for that right moment for the next level trades. But used wisely, it sure can get you out of a rut (I do not speak from experience though, I've had not so profitable experience due to my lack of skills ).

Your post is very valuable. Thank you for sharing and please continue to indulge us with more! Maybe some example live trades with charts as we progress would be super awesome to learn from!

Oh, and I also find the 4H charts to be best for gauging the big picture!

-qFish
insanity: Doing the same thing over... and expecting different results -AE
  • #57,349
  • Aug 23, 2013 5:10pm Aug 23, 2013 5:10pm
Hello all. can someone please point out how to read the SonicR PVA indicator? thx
Never say no to PIPS
  • #57,350
  • Aug 23, 2013 6:23pm Aug 23, 2013 6:23pm
Quoting lazyegg
Hello all. can someone please point out how to read the SonicR PVA indicator? thx
Hi lazyegg, most of your questions may be answered by post #1. But for this one, go look at the code. It commented well and will tell you everything you need to know how to read and use the indicator.
insanity: Doing the same thing over... and expecting different results -AE
  • #57,351
  • Aug 23, 2013 7:31pm Aug 23, 2013 7:31pm
Quoting traderathome
GU: You won't find a good PA wave anywhere to help validate a Classic short, but this is definitely a candidate for a short trade. I show you H1, which shows Dragon crossed Trend and now the Bear MMs pull back upwards to load more shorts is complete. The top of that pull up was a PVSRA indication the MMs are bears. The MMs are holding the price in the half SR zone,.....just waiting for the USD release. {image}
http://www.forexfactory.com/showthre...13#post6914713
  • #57,352
  • Aug 23, 2013 7:39pm Aug 23, 2013 7:39pm
Quoting traderathome
{quote} {quote} Opportunity Knocks! It is a fool's play to try and align the MMs price manipulations with the content of the news. Later, "talking heads" might "explain" that while the figure was nearly 100k lower than expected, this news was still accepted positively. As JRissa says, a properly done PVSRA tracks the status of the MMs unfailingly! So, when they spike prices we can know if they are doing it as bulls or bears, and take action by inserting Commando Scouts behind enemy lines when the opportunity is right to do so. Just look...
Does this correct inputs with PVSRA .. or I'm mistaken with this system
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  • #57,353
  • Aug 23, 2013 7:44pm Aug 23, 2013 7:44pm
http://www.forexfactory.com/showthre...45#post6913845 Why nobody answer my last question here
  • #57,354
  • Aug 23, 2013 8:02pm Aug 23, 2013 8:02pm
Sorry to write about the suction things here. BUT ... Teachers should pay attention to any subject or you'll lose students .... <Not every teacher can find a good student, but anyone can get a master ...... For only negative criticism I can learn from them .. the positive I can only be grateful , Thanks for everything

Inserted Video
  • #57,355
  • Aug 23, 2013 10:09pm Aug 23, 2013 10:09pm
Dear Tah,
Can I consult if your usd chf position is still open? It seems like the bears have taken over, and I have closed some positions. Sorry for the lack of picture posting.


Thanks
forexbert
  • #57,356
  • Aug 24, 2013 12:10am Aug 24, 2013 12:10am
Quoting tantra
{quote} Does this correct inputs with PVSRA .. or I'm mistaken with this system {image}

1. Bullish Yao Min Bar with big volume.. Why short?

2. Bullish Breakout Bar .. why short..??

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Sonic
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  • #57,357
  • Edited 1:55am Aug 24, 2013 1:11am | Edited 1:55am
Quoting qFish
{quote}I'm not quite sure about the time zone, but in terms of pips levels this could work. How do you determine the time zones? Do we approximate from previous legs?
qFish, the reason why I paid attention to write this post was to show one way (the main thoughts and concept were in particular mentioned by Prof. Tah earlier - see post 56708, #1 at http://www.forexfactory.com/showthre...67#post6900767 - and some other members) of reducing drawdown by decreasing the total quantity of active positions (the orders taken are supposed to be pending orders initially). I just summarized the information.

As for the questions, the Fibonacci Time Zones can be found in MT4 as a standart tool. This tool is only for one to structure the candles (...and mind) to time. There are two ways to build them - either they are built between the local high and low or between extremums (two highs / lows). In the picture the Zones are based on the first two local lows (interval [0; 1]). If you are interested in, please, try it.
Hunting High and Low
  • #57,358
  • Aug 24, 2013 7:55am Aug 24, 2013 7:55am
Quoting JRissa
{quote} {quote} Well Lucy... Remember this? {image} {image} And now at target zone: {image} Just wanted to show what PVSRA can be used for... , but it's PriceVolumeSupportResistanceAnalysis. Just a way to analyse market. THE way to see what the MM's are doing...

"Beginning to see any potential in PVSRA?" Not really. Nothing that conventional VSA, or naked chart reading sans volume, achieves with less fuss. Maybe I'm just too old and dumb to see it (yes, that's what all the PVSRAers are screaming out now, "you are dumb!!")

"Still bullish on UJ?" Never said I was bullish UJ. That was for Tymedu to consider as a profit target if he should find long entries through PVSRA and was wondering about profit targets, should it go lower to the area I marked. And we see using the 1 hour chart, where price did achieve the ML target (which it does 80% of the the time). I don't have bullish or bearish feelings. I just sell where sellers were, and buy where buyers were, and hope they are still there. I don't care where price goes, only that it gets to my entry area, doesn't stop me out in the process, and then gets to my TP. Pretty boring actually.

"Remember that it is not the position building that PVSRA stands for". Yup, I get that, however as soon as we get an analysis then people jump in with trades.

Attached is usdtry 4 hour.

Using basic PVSRA mantra, " if the mm's run the price up and following that there is increased volume of trades, then the MM's are bears not bulls", and no stop loss

At each of the blue lines there is going to be a 1 minute high volume bar which fits to the PVSRA notion that high volume, therefore MM's are bears.
I will even allow you that PVSRA can actually sell the high of each rally. With small positions, you only (if self disciplined and don't over trade) need to have 13 entries, before price comes back to around 50% of the move, which will be your breakeven point roughly (red circle). So from there you will end up making quite a bit of money. The thread is peppered with these PVSRA success stories.

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Using the same logic as above, at each blue line is a high volume bar on the 1 minute chart, saying they are bears.

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For the first set of trades grouped as 1, the b/e point is the red circle. So happy days if you squared up then or with a viable profit target. Add that to the 100% success rate of PVSRA.

However if you didn't and say you were looking for a lower target but not achieved. So you are now still selling (again at the highs because I'm a nice guy), at the group 2 trades. The combined b/e of group 1 and group 2 trades is the red circle 2. So in this instance price didn't come back to the b/e point. So then we have the group 3 sells. The b/e for the combined 1,2,3 sells is now the red circle 3. Price hasn't corrected to it yet. So now we have a 4th group of sells. But at least the b/e point is also raising. It's only 27 or so entries. So, if or when price corrects, and prices do correct, then you will get to hopefully harvest the micro pips and make some money for the sweat of the trade. Or maybe there will be a 5th group of trades. Or a 6th?

So in effect it is just an averaging method. Used correctly , very deep pockets and teeny weeny sized entries, (as you explained in detail) it can be a useful investment method, spread across a number of currency pairs to minimise event risk.

The flaw in PVSRA (as I see it) is that "if the mm's run the price up and following that there is increased volume of trades, then the MM's are bears not bulls" completely disregards the concept of buying to sell higher, then re-accumulating to sell it even higher. In fact you even highlight this point in the PVSRA document. So while that flaw is inherent to the method then I cannot find value in it. If you take it out, then your left with Wyckoff's/Tom Williams VSA so not the 'unique analysis' claimed.

Please shoot through the holes in my argument at your leisure.

Happy to maintain the dialogue though I dare say you're getting bored of it. I think it might just be " a bridge to far" for me...
  • #57,359
  • Aug 24, 2013 8:07am Aug 24, 2013 8:07am
Quoting revoli
{quote} Great explanation. Being thick - WRB is whole range bar?

wrb= wide range bar
nrb= narrow range bar

there are a few others but not that important, most important for me is reading the background price action and their relation to it, with their volume level
  • #57,360
  • Aug 24, 2013 8:36am Aug 24, 2013 8:36am
Quoting forexbert
Dear Tah, Can I consult if your usd chf position is still open? It seems like the bears have taken over, and I have closed some positions. Sorry for the lack of picture posting. Thanks forexbert
Still open. A different account. Just sitting, waiting for the day of Harvest.
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