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Sonic R. System

  • #58,701
  • Sep 10, 2013 10:22am Sep 10, 2013 10:22am
Quoting loeil
PVSRA not rocks at the moment anymore My GJ first trade is almost 500 pips below from the moment price, and that is a mistake! Although we saw the bearish sign there. What a waisted long opportunity
I know how You feel.
PVSRA is the best analize as I see, but problem is in us.
We have small acount and we trade to much pairs and too much orders.
Therefore I had to myself to close several orders on GU.
  • #58,702
  • Sep 10, 2013 10:24am Sep 10, 2013 10:24am
Patiences you guys... MM are building there shorts just have to wait for run for profit. Trust me i waited over 2 Weeks and half for GBP-AUD to run for profits made a nice little change.
Attached Image
Creditors have better memories than debtors.
  • #58,703
  • Sep 10, 2013 10:25am Sep 10, 2013 10:25am
Quoting ForexSwag
Patiences you guys... MM are building there shorts just have to wait for run for profit. Trust me i waited over 2 Weeks and half for GBP-AUD to run for profits made a nice little change. {image}
You wait 2 weeks? I wait 2 months! My EU and GU trades are almost 2 months old!
Whatever is obvious is obviously wrong!"
  • #58,704
  • Edited 1:05pm Sep 10, 2013 10:27am | Edited 1:05pm
Quoting FXRobert
{quote} I know how You feel. PVSRA is the best analize as I see, but problem is in us. We have small acount and we trade to much pairs and too much orders. Therefore I had to myself to close several orders on GU.
I agree with you, there is a BIG problem in PVSRA, don't know how to make it better. It shows us MMs signs but too early and we jump into the trap.
Whatever is obvious is obviously wrong!"
  • #58,705
  • Sep 10, 2013 10:28am Sep 10, 2013 10:28am
Quoting loeil
{quote} You wait 2 weeks? I wait 2 months! My EU and GU trades are almost 2 months old!
Yes almost 2 month EU GU.We together.
  • #58,706
  • Sep 10, 2013 10:30am Sep 10, 2013 10:30am
Quoting ForexSwag
Patiences you guys... MM are building there shorts just have to wait for run for profit. Trust me i waited over 2 Weeks and half for GBP-AUD to run for profits made a nice little change. {image}

How long is long enough? EU/ GU trades are now 2 month old, I didn't expect to wait many month or may be years for a questionable run for profit.
  • #58,707
  • Sep 10, 2013 10:32am Sep 10, 2013 10:32am
Quoting Islander
Yen Musings As the current PA in UsdJpy is underdiscussion, I'm adding some thoughts. The only Yen PAIR is UsdJpy. All of the other contracts are Synthetic Crosses whose values are calculated by multiplying UsdJpy by the appropriate dollor based pair. Thus the value of EurJpy is calculated by EurUsd * UsdJpy = EurJpy; likewise, GbpUsd * UsdJpy = GbpJpy and so on. Thus when considering the action of a Yen Cross it is a good idea to look at BOTH of its constituants. So at the heart of all Yen Crosses is the action of UsdJpy itself. This morning, since...
I'm inclined to disagree. Let me attach charts of the USDCHF and CHFJPY. The CHF really hasn't moved at all recently and all of the movement in these pairs is caused by the other currency (you can judge this for yourself by comparing the USDCHF to a chart of the dollar index). The USDCHF has been rather unimpressive today since LO, but the CHFJPY was pushed today past its 2013 high, and dangerous close to passing its 2011 high into areas not seen since the NIKKEI peaked in 1989/90. It's impossible to know when it will reverse, but what we do know is that these are some extremely cheap yen!
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  • #58,708
  • Sep 10, 2013 10:32am Sep 10, 2013 10:32am
Right when we know when MM are bears or bulls, We should use H4 to place scouts for better positioning.
That seems to help me alot. I wish i could hedge i would make a killing....
Creditors have better memories than debtors.
  • #58,709
  • Sep 10, 2013 10:49am Sep 10, 2013 10:49am
My new approach to the trade:


1. To wait till will be the price in extreme places as GJ and the set sell stop orders
2. Looking a good places for Clasic Sonic and method Islander.

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  • #58,710
  • Sep 10, 2013 10:53am Sep 10, 2013 10:53am
AJ: Bears or Bulls?

Price has continuously been pumped higher.... but check the volume on it. Having said that I am not inclined to take shorts as of now, until the MM's start consolidating and I see a clear Bear Candle.

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  • #58,711
  • Sep 10, 2013 11:10am Sep 10, 2013 11:10am
Quoting loeil
{quote} I agree with you, there is a BIG problem in PVSRA, don't know to make it better. It shows us MMs signs but too early and we jump into the trap.
I think the best might be checking H4, H1 regularly as well as day. For me, PVSRA is real good, but indeed it shows us too early entry sometimes. I guess in future, i'll probably determine whether MM's are bear or bull using PVSRA, then plant my seeds at MAJOR S&R, which is recent high, or low, up to H4 and day resistance/support . And a classic setup which is another add on! and look for nice shooting star or hammer bar for entry. =) not sure am i correct =P

AU PVSRA, bulls, or bear.

I guess the chart tells.
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  • #58,712
  • Sep 10, 2013 11:21am Sep 10, 2013 11:21am
Quoting loeil
{quote} I agree with you, there is a BIG problem in PVSRA, don't know to make it better. It shows us MMs signs but too early and we jump into the trap.
Higher TF PVSRA signals?
It is possible to make large sums trading, small losses, large wins
  • #58,713
  • Sep 10, 2013 11:21am Sep 10, 2013 11:21am
Quoting dcmb
Hi, am I right that: 1) SonicRV3.zip has been superseded by {image} SonicR 2013 Indicators & Template Upgrade.zip which is the most up to date. 2) {image} SonicR 2013 Indicators & Template Upgrade.zipt is for both Sonic Classic and PVSAR. 3) The rules for Sonic Classic are still the same...
can someone kindly help me with the above?

And I read the notes inside the indicators. The notes for PVA candles is also PVA volumes. Can I know what the different colors for the PVA candles mean?

Thanks.
dc
  • #58,714
  • Sep 10, 2013 11:31am Sep 10, 2013 11:31am
Quoting dcmb
Hi, am I right that: 1) SonicRV3.zip has been superseded by {image} SonicR 2013 Indicators & Template Upgrade.zip which is the most up to date. 2) {image} SonicR 2013 Indicators & Template Upgrade.zipt is for both Sonic Classic and PVSAR. 3) The rules for Sonic Classic are still the same...
Sounds like you have done your reading.

This looks correct on all fronts. No idea of your experience so will just caveat with TREAD VERY LIGHTLY. Classic sonic money management fairly obvious - 100 pip stop loss ish so factor a load in. PVSRA I work on 20 lots and assume a drawdown of 200 pips average over those. Then double that for margin etc so for each pair traded make sure I have an account 8000 pips times the pip value. Even that is looking tight currently (yen pairs the culprit). Only trade 1 yen pair and space bigger (50 rather than 25 I would suggest). Lastly only play PVSRA with money you are prepared to wipe as there is no theoretical upper limit to your exposure. Other than that easy. Recent posts will show the problem. Patience is the watchword.

GL.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #58,715
  • Sep 10, 2013 12:01pm Sep 10, 2013 12:01pm
Was it an ABCD move or will it go higher - anyway added to my position - labelled entry 1 short.

Regards,

H.
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"The future is already written in the past"
  • #58,716
  • Sep 10, 2013 12:06pm Sep 10, 2013 12:06pm
Quoting loeil
{quote} I agree with you, there is a BIG problem in PVSRA, don't know to make it better. It shows us MMs signs but too early and we jump into the trap.
That's the big problem, in July PVRSA show MMs were Bears on GBP/JPY and GBP/USD.

- 6000 pips drawdown on GJ
- on GU the price never fell

French Sonicer
  • #58,717
  • Sep 10, 2013 12:11pm Sep 10, 2013 12:11pm
There are many good setups right now but I have said before do not trade too many highly correlated pairs in the same direction. You are in effect doubling down on each pair you add to your portfolio. I currently am in only two pairs the GU short and the GJ short. I am very happy I did not take more positions as I can still stay in my trades waiting for a good classic sonic to appear to add to my positions.
  • #58,718
  • Sep 10, 2013 12:12pm Sep 10, 2013 12:12pm
Quoting revoli
{quote} Sounds like you have done your reading. This looks correct on all fronts. No idea of your experience so will just caveat with TREAD VERY LIGHTLY. Classic sonic money management fairly obvious - 100 pip stop loss ish so factor a load in. PVSRA I work on 20 lots and assume a drawdown of 200 pips average over those. Then double that for margin etc so for each pair traded make sure I have an account 8000 pips times the pip value. Even that is looking tight currently (yen pairs the culprit). Only trade 1 yen pair and space bigger (50 rather than...
Thank you revoli. I started reading from post 1 and stopped at post 200. The page keeps getting longer and it seems forever to catch up. LOL. Fortunately someone else was new to this system too and started the ball rolling. I took it from there and landed here. I won't be going into PVSRA at the moment. Intened to practice with the Classic first. Do you happened to know about the meaning of the different PVA Candles colors? The commentary notes in the mq4 for PVA candles is showing PVA volumes.
  • #58,719
  • Sep 10, 2013 12:37pm Sep 10, 2013 12:37pm
Quoting dcmb
{quote} Thank you revoli. I started reading from post 1 and stopped at post 200. The page keeps getting longer and it seems forever to catch up. LOL. Fortunately someone else was new to this system too and started the ball rolling. I took it from there and landed here. I won't be going into PVSRA at the moment. Intened to practice with the Classic first. Do you happened to know about the meaning of the different PVA Candles colors? The commentary notes in the mq4 for PVA candles is showing PVA volumes.
Sonicer Tymedu executed the excellent work

http://www.forexfactory.com/showthre...72#post6723772

Him pdf used helped me for understanding basic rules like color, volumen, size, shape, zone. ...
  • #58,720
  • Sep 10, 2013 12:55pm Sep 10, 2013 12:55pm
Hello guys,

I have realized that I am now overleveraged

My account was at 7600 EURO, my current DD was at - 2800 EUR
I decided to close some position (to realize) a loss for 1200 EURO in order to decrease my leverage

It is too bad that I wanted to play it long-term by holding those positions while I had the opportunity to close them for a profit (EUR/USD for example), had I closed them before
So my current equity is now at 6400 EURO, current DD at - 1600 EURO (about 30% DD

How much is your DD guys ? I think I got my lesson now, I will trade much lighter next time (if I still have the chance to trade in the future ^^) loi hua cua ChanhXanh !!!

Waiting thursday night to see wheter I close all my position for not, my mental limit is 50% DD
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