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Sonic R. System

  • #58,921
  • Sep 12, 2013 10:36am Sep 12, 2013 10:36am
would this be a good place to short on this chart considering that price has tested levels at 0.92800 which is a 28.3 retracement from the downward movement from the aud employment change?

also there has been increased volume represented by the blue and green bars which seems to me as if MMs are trying to suck in longs.

This is my first time trying to analyse a trade publically so be nice guys
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  • #58,922
  • Sep 12, 2013 10:37am Sep 12, 2013 10:37am
Quoting St3ve
Still waiting for my PVSRA-based trades to turn into profit .. so time for another try for a Three Dragons trade There have been other signals during the day which would have turned out better. But this one failed. I would appreciate if you can give me some hints what I did wrong with this one ... The idea behind the trade: Price went back to PVT and failed to break through. There has been a high volume sell candle (red) - so I waited for a confirmation, that PA continues downwards. After another sell candle I entered with 1 unit. SL was set to...

Put on an hourly time line - that should tell you something .....as did the increase in volumes around the lows at your arrow which were ~the **75 level and MS 1
Trading Levels with WRBs
  • #58,923
  • Sep 12, 2013 10:39am Sep 12, 2013 10:39am
NZDUSD Short
It's time

Adding 3 short sell stop and 1 sell limit (economically-small acount).
I think resistance will remain. Set TP.
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  • #58,924
  • Sep 12, 2013 10:41am Sep 12, 2013 10:41am
Market Comment

If you consider the way the US MMs suddenly pushed EU back up, UChf back down, etc., there can be no doubt they are setting up for the USD releases tomorrow. And these moves are indications they are going to respond to those releases by changing prices in the direction of USD strength.

We can not know how the MMs will move prices, nor how far in either direction. However the analysis that is PVSRA can give very accurate indications if the MMs are bulls or bears. Sometimes not, and when that happens we should not be entering trades. When it does, this information can be used appropriately to assess trading opportunities.

These moves mentioned yield PVSRA indications the MMs are bears on EU and bulls on UChf due to where in those moves the MMs resumed more heavily trading. These indications are consistent with the anticipation the MMs will be instigating USD strength moves.
  • #58,925
  • Sep 12, 2013 10:45am Sep 12, 2013 10:45am
Quoting loeil
{quote} You can only hide the clock panel from SonicR Control Panel properties. Price panel on the left side can't hide. Actually you can, if you know the MQ4 code. {image}
actually i only need pivot on my chart. how can i add this pivot to a new chart?
  • #58,926
  • Sep 12, 2013 10:51am Sep 12, 2013 10:51am
Quoting St3ve
Still waiting for my PVSRA-based trades to turn into profit .. so time for another try for a Three Dragons trade There have been other signals during the day which would have turned out better. But this one failed. I would appreciate if you can give me some hints what I did wrong with this one ... The idea behind the trade: Price went back to PVT and failed to break through. There has been a high volume sell candle (red) - so I waited for a confirmation, that PA continues downwards. After another sell candle I entered with 1 unit. SL was set to...
You didn't pay attention to what I was posting lately. The candle I marked may be interpreted as a spring and after the spring absorption phase started. Also PA wasn't in favor of shorting.

Check this posts: http://www.forexfactory.com/showthre...27#post6959827 and http://www.forexfactory.com/showthre...21#post6959721
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Pips in Wonderland
  • #58,927
  • Sep 12, 2013 10:52am Sep 12, 2013 10:52am
Interesting - increased volume on the Majors.
Demo SIGTrader

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If you think you can do a thing or think you can't do a thing, you're right
  • #58,928
  • Sep 12, 2013 10:57am Sep 12, 2013 10:57am
Quoting trexy123
{quote} actually i only need pivot on my chart. how can i add this pivot to a new chart?
This question is already answered today.

http://www.forexfactory.com/showthre...47#post6957347
Whatever is obvious is obviously wrong!"
  • #58,929
  • Sep 12, 2013 11:14am Sep 12, 2013 11:14am
Quoting jay24
would this be a good place to short on this chart considering that price has tested levels at 0.92800 which is a 28.3 retracement from the downward movement from the aud employment change? also there has been increased volume represented by the blue and green bars which seems to me as if MMs are trying to suck in longs. This is my first time trying to analyse a trade publically so be nice guys {image}
jay24,

I concur. Fits into the overall premise from various PVSRAs done on other pairs that the MMs are setting up to instigate USD strength moves, maybe in conjunction with Friday's lineup of USD high impact releases.
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  • #58,930
  • Sep 12, 2013 11:19am Sep 12, 2013 11:19am
I've closed my Yen pair trades for a 1% gain, mainly based on the position of the USD and the Euro, the non-Yen pairs in my trades. I still think the yen looks weak, so I may enter in different pairs that are at a better price. CADJPY for example could be promising. As I write this that pair looks pretty good to me!

Going long in the USDCAD, based on todays HLs and the HLs on the Daily chart. I also considered the EU but based on other pairs the Euro has already seen a period of selling. The CAD has seen no such selling so I believe the opportunities are better there. I Also considered the AU and NU, but it makes me nervous that their new highs are in areas where the price has been in the last few months. I don't think there is much stopping them from going higher. This does not mean they won't reverse, but the risk is higher IMO. You could say the same about the UC, but it has at least been in a nice upward trend for the last year with 4, possibly now 5 HLs in a row.
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  • #58,931
  • Sep 12, 2013 11:23am Sep 12, 2013 11:23am
Quoting St3ve
Still waiting for my PVSRA-based trades to turn into profit .. so time for another try for a Three Dragons trade There have been other signals during the day which would have turned out better. But this one failed. I would appreciate if you can give me some hints what I did wrong with this one ... The idea behind the trade: Price went back to PVT and failed to break through. There has been a high volume sell candle (red) - so I waited for a confirmation, that PA continues downwards. After another sell candle I entered with 1 unit. SL was set to...
Just to add to what Islander said look at the 15 min chart as well, or the M5. The M15 bar is shouting for a move up.
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Here was the perfect trade. I chickened out as I was concerned about the pivot. I did grab 10 pips after it crossed up but my timing leaves much to be desired.

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Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #58,932
  • Sep 12, 2013 11:24am Sep 12, 2013 11:24am
Quoting trexy123
{quote} actually i only need pivot on my chart. how can i add this pivot to a new chart?
Why don't you read the posts in this thread and keep up to date with what is being posted??????????

I posted the SDX-TzPivots indicator YESTERDAY - exactly for that reason.......
Trading Levels with WRBs
  • #58,933
  • Sep 12, 2013 11:31am Sep 12, 2013 11:31am
Quoting loeil
{quote} This question is already answered today. http://www.forexfactory.com/showthre...47#post6957347
i mean using the pivots without the control panel on the top left.

how to do that?
  • #58,934
  • Sep 12, 2013 11:35am Sep 12, 2013 11:35am
Quoting Islander
{quote} Edit: both now closed after higher volumed bars that failed to break "levels" - charts later....
and here they are....as usual, there were even more pips available from these entries........
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Trading Levels with WRBs
  • #58,935
  • Sep 12, 2013 11:35am Sep 12, 2013 11:35am
Quoting Islander
{quote} Why don't you read the posts in this thread and keep up to date with what is being posted?????????? I posted the SDX-TzPivots indicator YESTERDAY - exactly for that reason.......
cool it, i just tested it, and it is not the same the the sonic pivot
  • #58,936
  • Sep 12, 2013 11:45am Sep 12, 2013 11:45am
i have a question and i hope any one answer me:
i studied PVSRA E-e-book but i don't know the importance of the blue or the purple candles?
i hope that some one reply to me
Thanks Sonicers
  • #58,937
  • Edited 7:53pm Sep 12, 2013 11:48am | Edited 7:53pm
Quoting qFish
{quote} UJ: So the MM's have used the news to take out previous SL's. Now forming a rising wedge bearish pattern. Probably going to build more before the push down. {image}
UJ: Closed 46 trades for +1107.5 Pips. Closed to reduce exposure as I did over trade and we are about to hit a whole SR with trendline support confluence. I expect this pair to go lower, but may get some retrace before that happens. If it goes back up, I'll re-enter but with less scouts and better spacing. Early exit is punishment for over trading. Now that the market has given me a second chance to get out, I'll take it.
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-qFish
insanity: Doing the same thing over... and expecting different results -AE
  • #58,938
  • Sep 12, 2013 11:52am Sep 12, 2013 11:52am
Quoting traderathome
{quote} jay24, I concur. Fits into the overall premise from various PVSRAs done on other pairs that the MMs are setting up to instigate USD strength moves, maybe in conjunction with Friday's lineup of USD high impact releases. {image}
Thanks very much TAH, im beginning to feel more confident with the pvrsa system. i hope ill be able to pay dividends back to this thread for the help you're giving me.
  • #58,939
  • Sep 12, 2013 12:34pm Sep 12, 2013 12:34pm
I'm trying new way to trade using some pvsra concepts. I like what TAH teaches about trading light and I'm now in command of a commando squads which consists of 6 scouts each. I will be using some sort of volume spread analysis and hope that doesn't disturb your pvsra, sonic classic and three dragons trading.

First entries is buy limit orders on EU and GU as they look the same today and hopefully wouldn't drop after tomorrows releases (I'm afraid it could, because pvsra is rarely wrong). I placed them above todays high (+5 pips) with stop below yesterdays low. The reason I think it could go up more is because of springs which occurred in an uptrend and todays effort to get lower, even on such a good news, was quickly absorbed by buyers. Second reason was bouncing of downward channel upper line what is less important but only add odds to my favor. Thus only one h4 chart of EU. I base this entry on daily chart but I have some problems with displaying current candle.
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What I trade now is contrary to what pvsra is telling right now, but I want to help posting different point of view, if somebody wishes to comment or add something to my recent posts about vsa concepts, don't hesitate - it can help us all.
Pips in Wonderland
  • #58,940
  • Sep 12, 2013 1:55pm Sep 12, 2013 1:55pm
Quoting trexy123
{quote} cool it, i just tested it, and it is not the same the the sonic pivot
LOL - of course the add-ons - writing etc are not, but IF you set it correctly - as instructed - the levels ARE the same......or I've been trading off the wrong levels for the last 5 years......and actually, I used to calculate these levels by hand well before any of us had a PC.......
Trading Levels with WRBs
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