Sonic R. System

1. The PVSRA project is, at least in my own mind, a time to experiment with a valid concept to see what applications of it usually work well, and what applications of it do not usually work well. The experiment is not over and the solutions to the applications that have not worked well are now known, which is the whole purpose of the experiment, as I see it. It is not over with.

2. Setting a hard stop loss is giving license to the banks, to the market makers, and even to the broker to legally steal your money. If you believe in the trade, I see nothing wrong with holding secret from these parties where you will fold. Do as you like.

3. My EJ trade has turned out to be an abomination. It started with small adds. I have kept it up with small adds, Even now, it totals small. It will eventually turn back down. If I continue to add similarly on the way down, the profit will be a little larger. If I step up the size of the adds on the way down the profit could be really good.

AU: Closed as I am not feeling too great about this trade. Not so great, but still profited. Although the triple bottom was what I'd consider high probability, the time frame is large. I guess the better thing to do for AU is to wait and see if it will break or reverse to trade with the trend.

GJ Comment

The current Asian session has already bettered the price of yesterday's London session. A Friggin' contest to see which locale of scumbag banks can best hike the price for shorting? Just note that both yesterday's highest activity and the highest activity today is above the half number. Because the scumbag banks have been pushing the price back up, from a lower whole number area towards the next higher whole number area, and because the higher activities are now occurring at prices above the intervening half number, we have a strong PVSRA indication the price is being driven by folks with bearish intents. To put it simply, it looks like bears are hiking the price and adding more shorts at nice spots along the way.

This could end up being a Double Top. If it does, and if then the price begins falling, it could mark the beginning of a trend revesal. Time will tell.

Note that there is a JPY high impact release in about half an hour and then another 3.5 hours later, and then a GBP high impact release 3 hours after that. This could be a day of some interesting PA for this pair.

UJ: In addition to being what I would consider overbought, we have hit the first major monthly resistance (tested twice without a retrace from the rally). However, if we look at the previous leg, the current leg is a 61.8 fib retrace. Clearly SR 104 is a major pivot point. My bias is bearish although I believe there will be significant whiplashes on either side.


Here is my current open trades:

The diamond represents what I consider a natural retrace based on the previous leg and current trend. Its future intersection can point to a safe early take profit (about 2%).

qFish?

Why you keep adding Sell trades when you can see clearly UJ is moving up on 4hrs and Daily.

It has HH and HL..

Spot

Very nice analysis qFish !

SM aka MM aka BB aka big boy are swapping the positions piror to next big move..

Observe it and try to get where is t intended direction...


Sonic

Possible Yao Ming bar in a making.. if it goes below 170.6x.. flood gate shd open..

Sonic

UJ update

My new high has been reached and PA seems to forming a temporary top supported by PVSRA.

High impact news is due within 20 minutes.

GJ and All Other YEN Pairs

JPY BOJ high impact release is just minutes away now....

Will love to see 170.0x revisited..

Sonic

I know t news b out but cant see when will it be exactly..

Sonic

GJ:

Sonic, the BOJ news was 30 minutes ago (1:30 pm your time). Next up is another GPB high impact in 2.5 hours (4:30 pm your time).

Edit: The attached pic. is added about 15 minutes after this text was first posted.

My style of trading takes into consideration overbought/oversold, significant SRs, and MM clues. You see 4hrs and Daily. Try checking weekly and monthly and you'll realize what I see. You can always wait for prices to go higher and higher but you will never know when they will stop or begin to retrace (on the higher TF's). You can guess, but that's the best you can do. In my experience, patterns have had a great history to take my money and fail when it counts most. If it's one thing I've learned, don't always trust patterns. They are one of the MM's tools used to get you thinking what you believe to make sense. I mean, it makes sense to most of us doesn't it? Why are we all not rich by now? That's why I do consider patterns, but they only compliment my goals. In my UJ trade, I am expecting a long term trade and waiting for that retrace. I could of as easily went long, and add to my "winning positions" every 25-50 pips, and then exit when the retrace happens. But how do you know when it actually happens? By the time you knew (a retrace back to one of the first fibs), you have probably sacrificed a good part of your earnings. Or just exit early knowing that you have prematurely gotten out of what you wanted to ride was a long term trend, or even worse just be wrong and losing because that pattern didn't fullfill. Instead, psychologically, I prefer begin building my positions at significant SR's that will more likely be where the retrace begins within a few hundred pips. Trading small allows me to endure the wait, which requires much patience. I add at SR levels only to improve my average. Put them too far and you'll miss the better positions. Here is me taking advantage of the previous news showing a beautiful hammer candle that represents spike and shorting by MMs.

I am building positions, not making single trades, which would be entirely different, at which case I would prefer the SonicR setups. My trading is still very young, but my most profitable have been this exact strategy, PVSA. My worst trades are single trades (PA, patterns, fibs, ema's, stochs, CCI, RSI, etc... the list goes on). This is simple.

Granted, my style will go against conventional wisdom or whatever the hell it is you read on the internet, learn from "experience traders", or the experts from brokers and banks. Remember that they are the ones who take the majority's money. Teaching us how to trade could be the most brilliant tactic of their trade (no pun intended).

But surely, do not take my positions based on what I say. Do what you believe to be right, b/c in the end, that's all that really matters. You reap what you sow. If I die, at least I can have only myself to blame. I'm the one who made that trade in the end right? Worse case is we die, leave all our money and debt behind. But before then, let's just have a little fun. I mean, why do people jump off planes, take crazy bets against their odds, buy lottery tickets when it's astronomically impossible to win? Because we are f'kin crazy humans, and that's what we like to do. In a way, it could be evolution's way to keep us alive and sane.

I hope I have given you a hint to my trades and future trades. They are not without reason, regardless of whether they go with or against the grain.

104 is definitely a good price to start considering. It's a significant SR range on the monthly. See my previous post:

SM do not wana let it go for next stop hunting yet..




Sonic

1. Weak Shorts are whipped to trap longs.. It is a trick of the MM.

2. Weak Shorts' SL area...

3. Weak Longs' SL area...


Sonic

Let t shorties win..



Sonic

EU and GU Comment

The last bar was with very high activity, but it did not take price even to previous lows, therefore this is selling....genuine selling, imho. This looks to be a worthwhile short setup.

Edit: Same with GU, high activity but not appearing to strike hard to new lows. This is more like genuine selling with trying not to cause the price to go too low!

AU Comment

A plausible long setup.