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Sonic R. System

  • #58,721
  • Sep 10, 2013 1:13pm Sep 10, 2013 1:13pm
Quoting diginime
{quote} 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. {image}
I think you are right, H4 and H1 seems to give better signals and allow to avoid those "too early" trades.
Whatever is obvious is obviously wrong!"
  • #58,722
  • Sep 10, 2013 1:18pm Sep 10, 2013 1:18pm
Quoting ChanhXanh
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...
Chao ChanhXanh,

I'm trading UJ and AU at the moment with about 24 eps on AU and 42 eps on UJ. Currently at -18% DD. P.S. I'm gonna hold you to that promise.

-qFish
insanity: Doing the same thing over... and expecting different results -AE
  • #58,723
  • Sep 10, 2013 1:20pm Sep 10, 2013 1:20pm
Quoting dmmmmm
{quote} 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...

Thank you for your interesting post. I will not have time to consider it fully until tomorrow, but my initial thought is that at present the Yen - as valued via UsdJpy is currently in the middle of its range on the weekly chart and so not yet IMO cheap.......
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyweekly sep10.png Size: 38 KB
Trading Levels with WRBs
  • #58,724
  • Sep 10, 2013 1:22pm Sep 10, 2013 1:22pm
Quoting loeil
{quote} I think you are right, H4 and H1 seems to give better signals and allow to avoid those "too early" trades.
H4 is one of my filters to cherry pick the best pairs. And yet, it's has saved me on the EU, and previously UChf pairs. However, it's not always perfect as currently in somewhat high DD in UJ and AU (although not too bad considering how much of a retrace I'll need for BE). So even when we enter in later game, we can still have big DD, which is why it really is all the more important to not start early.
insanity: Doing the same thing over... and expecting different results -AE
  • #58,725
  • Sep 10, 2013 1:28pm Sep 10, 2013 1:28pm
Quoting worldfreedom
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.
Professional advice
  • #58,726
  • Sep 10, 2013 1:40pm Sep 10, 2013 1:40pm
Trade Update: The MMs for AU (24 eps, -8% DD) and UJ (42 eps, -10% DD) pairs have continued to push higher for better shorts, I have also added a few more eps to take advantage of the better higher price to improve my average (pink line). Let us wait and see what happens in the next two weeks. Hindsight: overtraded again (my biggest problem it seems). Good thing I closed my UChf pair before. I wanted to post this as once again we face the wrath of DD to test our patience and perserverence. When prices keep going to the moon, traders will finally jump aboard this train and suddenly those who go long at extreme prices get slaughtered. Those who have tight SL gets slaugtered. Those who over trade tiny positions get slaughtered. Only the fittest survive. My mindset of "letting profits run" begin to deter as taking profits early when they come in frequent doses can help with both DD, risk exposure, and psychology.

Attached Image (click to enlarge)
Click to Enlarge Name: AU.PNG Size: 113 KB

Attached Image (click to enlarge)
Click to Enlarge Name: UJ.PNG Size: 150 KB


-qFish
insanity: Doing the same thing over... and expecting different results -AE
  • #58,727
  • Sep 10, 2013 1:40pm Sep 10, 2013 1:40pm
Quoting loeil
{quote} I think you are right, H4 and H1 seems to give better signals and allow to avoid those "too early" trades.
indeed =) and next i'm going to experiment hedging technique together with PVSRA, it might get some good results i guess.

Not sure it's gonna work out, wanna experiment it..
Attached Image (click to enlarge)
Click to Enlarge Name: Hedging PVSRA.jpg Size: 340 KB
  • #58,728
  • Sep 10, 2013 2:01pm Sep 10, 2013 2:01pm
Quoting diginime
{quote} indeed =) and next i'm going to experiment hedging technique together with PVSRA, it might get some good results i guess. Not sure it's gonna work out, wanna experiment it.. {image}
Seems interesting, hedging should eliminate this long time when we just sitting and waiting. We can trade on both sides, that is what I want to try.
Whatever is obvious is obviously wrong!"
  • #58,729
  • Sep 10, 2013 2:04pm Sep 10, 2013 2:04pm
Post# 58,634

As promised, another 40-60 pips before crash!
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There is no spoon....
  • #58,730
  • Sep 10, 2013 6:15pm Sep 10, 2013 6:15pm
whats your longest waiting period for the PROFIT RUN guys
mine is 1 week
  • #58,731
  • Sep 10, 2013 6:37pm Sep 10, 2013 6:37pm
2,5 month current GBPUSD, few month ago was EURUSD 3,5 month! Happy?
There is no spoon....
  • #58,732
  • Edited 7:48pm Sep 10, 2013 6:51pm | Edited 7:48pm
Quoting pamboys09
whats your longest waiting period for the PROFIT RUN guys mine is 1 week
That's a great question... depends on when you get in on a cycle...how long you are committed... and of course the exit ....I have had some last a few weeks...
below is perfect example of taking profit on a bearish move...then getting right back in Short with no retrace ---figuring a bearish continuation will occur.. the move was strong and I should have known with the Quick bounce to wait a bit....but I thought the Smart money was taking it down for a harvest....they are greedy and want to load up even more...some JPY news coming up ...maybe pvsra will provide some more insight... its been above a whole number and 1M appears like they are loading up.. TWT...17 mini-lots running
Attached Image (click to enlarge)
Click to Enlarge Name: 9-10-2013 7-33-48 PM.png Size: 155 KB


one more edge I thought of...
If you are in the process of adding and you are doing so every 30 pips or so...when you get to a level instead of adding ....wait ...maybe you do add but maybe just wait to see if the level fails.. if the level breaks add a double entry there if pvsra indicates.. especially if you are coming to a weekly extreme (top on 4hr chart etc) this helps with average entry come harvest time!
Entries in the wicks over and over **PVSRA rules!
  • #58,733
  • Edited 7:58pm Sep 10, 2013 7:29pm | Edited 7:58pm
Quoting loeil
{quote} 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.
PVSRA

It is a BIG problem if PVSRA shows too early what the MMs are, bulls or bears? Surely you are joking! When PVSRA gives clear and non-conflicting indications, it can NEVER be too early! The MMs are what they are, and PVSRA can provide those indications.

We must keep in mind two things: 1) the MMs have unlimited resources (or practically so) to run prices how they want to, and 2) the MMs can be building both longs and shorts while they move the price in either direction. So, after the MMs have driven the price beyond reason, for days and maybe much longer,....and we feel that the worst is over.....that is when they can mount yet another ferocious move, maybe of even greater proportions. They have the money to do these things, and it does not bother them since they can be building and taking profits in both directions, no matter which way the push, or trend is going.

So, what can we do? Is there a more effective way to use the information that the MMs are bulls or bears? Restrict trading to the direction of PA? Hence, if price is going up and at the tops the indications are the MMs are bears, we nevertheless only go for long trading opportunities? If the price is going down and at the bottoms the indications are the MMs are bulls, we nevertheless only go for short trading opportunities? We are into this project about five months now, and a lot of folks have made good money. Some that had grave difficulties turned around their forex trading experience and became profitable. What we are into is a grand experiment and we have been blessed with the most trying of times in all of many recent years in this market to conduct our experiments. What could be better? Impatient for the ultimate solution? Join the club, but there might not be one. Or, maybe there will be one. This is a process, not an event.

These things I am certain of:
1. We can know if the MMs are bulls or bears, but we cannot know how they will move price nor how long they will move price in a given direction.
2. The MMs want retail traders to think they can know how the MMs will move price, and they want retail traders to trade heavy relative to their accounts, and to use stop losses,....because these three things make it easier for the MMs to take money from retail traders/create market liquidity for themselves to use.
3. Trading very light relative to account size, no matter the trading strategy, is the best insurance retail traders can have that they will eventually prevail.

-tah
  • #58,734
  • Sep 10, 2013 8:08pm Sep 10, 2013 8:08pm
All yen pars and AUD pairs, about to change directions!

MM overbought them pairs by extremes, after last push up price started to crash, meaning it is to stretched and speculated too much, price takes it natural course. Today should be interesting!
There is no spoon....
  • #58,735
  • Sep 10, 2013 8:36pm Sep 10, 2013 8:36pm
Quoting Msis125125
All yen pars and AUD pairs, about to change directions! MM overbought them pairs by extremes, after last push up price started to crash, meaning it is to stretched and speculated too much, price takes it natural course. Today should be interesting!
100% Agree they are way overbought!
Creditors have better memories than debtors.
  • #58,736
  • Sep 10, 2013 8:49pm Sep 10, 2013 8:49pm
I agree, was long on AUD in London, but dont think it will go much higher, but it does like like to push up and i ussually short too soon. It is now in a good position to come down but i'll wait.....
Only the market knows
  • #58,737
  • Sep 10, 2013 9:49pm Sep 10, 2013 9:49pm
Quoting FXRobert
{quote} 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. ...
Thank you Robert. I think I found a more updated copy (130 pages). I will read it up.

Cheers.
dc
  • #58,738
  • Sep 10, 2013 11:05pm Sep 10, 2013 11:05pm
I am confused about volume

Its my limited understanding that volume shown represents the volume traded by the broker you are using. Is there a suggested way or broker to use, to get an accurate idea of the volumes traded? Can someone point me in the right direction here with this? much appreciated

Kind thanks
Only the market knows
  • #58,739
  • Edited 11:41pm Sep 10, 2013 11:30pm | Edited 11:41pm
I have been trying to learn PVSRA for a certain time.
The first trade I use this method is to short EU when EU is climbing up.
20%DD made me worried.
Then I started to think how to solve the problem.
We may benefit a lot more, if we can shoot at the bird's eye.
So I banked my pips for EU short.
Attached Image (click to enlarge)
Click to Enlarge Name: EUDaily.jpg Size: 150 KB

And then I long EU(banked already).
Attached Image (click to enlarge)
Click to Enlarge Name: EUH4.jpg Size: 169 KB

I used fibo to help me do this.
Hope it also can help you.
Let's see the charts below:



Green pips to ALL!
  • #58,740
  • Sep 10, 2013 11:31pm Sep 10, 2013 11:31pm
Quoting xiaoxin
I have been trying to learn PVSRA for a certain time. The first trade I use this method is to short EU when EU is climbing up. 20%DD made me worried. Then I started to think how to solve the problem. We may benefit a lot more, if we can shoot at the bird's eye. So I banked my pips for EU short.(see chart 1) And then I long EU(banked already).(see chart 2) I used fibo to help me do this. Hope it also can help you. Let's see the charts below: {image} {image} Green pips to ALL!
Thanks xiaoxin. I'm focusing on the Classic atm. Good luck to you
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