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Sonic R. System

  • #65,201
  • Feb 6, 2014 11:53am Feb 6, 2014 11:53am
Quoting Carlicus
{quote} I'm sorry but i agree with traderathome, it sounded quite a bit sarcastic, like trying to make fun of me, and I was only trying to share my thoughts in order to gain some knowledge and listen to what other people thinks. Anyway, just having a look at the calendar anybody can see there are many more news apart from NFP, but I think that most people agree that NFP is the one who produces more volatility.
Ok my apologies if it did, had no intention of belittling, was really more of comedic effect.
Build good relationships with others.
  • #65,202
  • Feb 6, 2014 12:00pm Feb 6, 2014 12:00pm
Quoting shellsnail
{quote} Ok my apologies if it did, had no intention of belittling, was really more of comedic effect.
It's ok Apologies accepted, let's all be friends
  • #65,203
  • Feb 6, 2014 12:04pm Feb 6, 2014 12:04pm
Hello
May be during next few days I'll be posting some questions, doubts or sharing some trading activity. I did not want to do so without previously thank to all the nice people here offering their time and knowledge for helping newbies to this system.
A few days ago I began climbing the learning curve of PVSRA and Sonic R System and I'm very glad of this decision I took. I'm very impressed on the friendship and respect everybody treats each other.
I wish the best and I'm very grateful to those most active Masters, Professors, and all sonicers that drive this thread being a great one and I only can express a big hug to all of you.
I'll see you around
  • #65,204
  • Edited 12:16pm Feb 6, 2014 12:04pm | Edited 12:16pm
Quoting traderathome
{quote} Ok, my apology to you too, shellsnail. Yeah, attempts at humor can easily be taken the wrong way. Glad we are all on the same page again.
Ok, I have deleted my post and I hope we can have a discussion about Sonic R methods and trades harmoniously. Cheers.

I do have some opinions on PVRSA, and I see a lot of potential in it. Currently I am exploring its significance in longer timeframes, 4H charts and how it helps with trading the daily and weekly charts. I am noticing some very interesting patterns!

One such pattern is, when daily is in a uptrend/downtrend (Sonic wave or 89EMA) and gets OB/OS (STO 7,2,2), a 4H candle red/green after i.e. red to signal MM buying and green to signal MM selling (disabling the purple and blue) is very significant and usually marks a good point to start accumulating orders in direction of the trend keeping them well spaced apart, and keep on doing so until the daily momentum drops off (something like TDI Red Green indicator can show that) OR if price doesn't go in your favour and instead consolidates in a box on the daily and then breaks out in the opposite direction with a RED/GREEN daily candle (time to exit)
Build good relationships with others.
  • #65,205
  • Edited 12:20pm Feb 6, 2014 12:07pm | Edited 12:20pm
GJ Comment

This sign post sure looks bullish.......
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  • #65,206
  • Feb 6, 2014 12:11pm Feb 6, 2014 12:11pm
Quoting shellsnail
{quote} Ok, I have deleted my post and I hope we can have a discussion about Sonic R methods and trades harmoniously. Cheers. I do have some opinions on PVRSA, and I see a lot of potential in it. Currently I am exploring its significance in longer timeframes, 4H charts and how it helps with trading the daily and weekly charts. I am noticing some very interesting patterns! One such pattern is, when daily is in a uptrend/downtrend (Sonic wave or 89EMA) and gets OB/OS (STO 7,2,2), a 4H candle red/green after i.e. red to signal MM buying and green to...
Ok, same here, apologies all around and post deleted. Onwards and upwards, Sonicers. "All for one and one for all!".

Please note that PVA green denotes institutional activity on a bull candle. It can be selling initiated activity, though.
Please note that PVA red denotes institutional activity on a bear candle. It can be buying initiated activity, though.
It is the event of notable activity that matters, not the color. Then this activity has to be put into perspective based on S&R, where PA has come from, and what PA did there.

-tah
  • #65,207
  • Edited 12:38pm Feb 6, 2014 12:19pm | Edited 12:38pm
Quoting traderathome
{quote} Ok, same here, apologies all around and post deleted. Onwards and upwards, Sonicers. "All for one and one for all!". Please note that PVA green denotes institutional activity on a bull candle. It can be selling initiated activity, though. Please note that PVA red denotes institutional activity on a bear candle. It can be buying initiated activity, though. It is the event of notable activity that matters, not the color. Then this activity has to be put into perspective based on S&R, where PA has come from, and what PA did there. -tah
Yes noted. Which is why the context (daily trend and OB/OS) matters a lot; the MM are also following trends because these trends originate from commercial and central bank activity. There was this interview I saw somewhere where the Forex dealer was saying how they can't influence the trends on the larger time frames, but can influence the intra-day movements. Not just any 4H candle can be used to mark such turning points.

To illustrate this, I'll show one example,

Attached Image (click to enlarge)
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EU Daily chart.

Daily enters OS region, so we start looking for 4H buying activity on the next day onwards.

On 4H chart, there was no such buying activity for the next few days.
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Until when it finally came, the daily chart already spent 3 candles in a downtrend.

Here's an example of it working.

Again, EU daily chart, uptrend. We see price enters OS, so we start looking at 4H from next candle.
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So on the sign of a red candle, we start accumulating buys. Price travels 400 pips north from that point before TDI indicator shows momentum dropping off.
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it's not a coincidence, you can check it on ANY pair.

So going back to UCAD, you see the same scenario happening. Price may dip below for another 100 pips or so, but chance of reversal and continuation to uptrend is high.
Build good relationships with others.
  • #65,208
  • Feb 6, 2014 12:58pm Feb 6, 2014 12:58pm
Quoting traderathome
GJ Comment This sign post sure looks bullish....... {image}
the upper shadow of the marked green candle on 1H timeframe shows some weakness in the Resistance zone, and the high volume with the green candle on 5m chart could be a sign that MMs are pushing prices higher to build short positions….What do you say, tah?
http://www.forexfactory.com/webkit-f...B07/image.tiff

http://www.forexfactory.com/webkit-f...534/image.tiff
  • #65,209
  • Edited 4:03pm Feb 6, 2014 1:13pm | Edited 4:03pm
Oh, what a day!

I'm excited to share with all of you that today I had a lightbulb turned on.

Mr Amazing inspired me to try scalping once again.

I begun to think little differently about volumes at different price levels and S/R zones and tried to develop quickie scalping method with high accuracy using only volumes and S/R levels. Tested this idea with couple of pairs with new fresh demo account to see how it performs and this day was great test day as there was a lot of movement with especially EU. I will continue this testing with this demo account for some while before using my live account and planning to share all my findings with you guys after I'm convinced that this was not just luck. But damn this precision with even EU at news!

Volumescalper
First test day, first test trades.
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I know the secret...
  • #65,210
  • Feb 6, 2014 1:22pm Feb 6, 2014 1:22pm
I've read that some people have been having problems with new MT4 build.

Not sure if it has been solved yet, cause I'm afraid I do not have time now to go through all unread posts.

Here is something that might help that I just received from my broker:

"

Dear trader,

As a result of the recent MetaTrader 4 (MT4) Build 600 upgrade implemented by MetaQuotes, the folders within the MT4 folder have moved. In addition, the MQL4 language has changed, and this may have interfered with your installed Expert Advisors (EAs) and indicators.

As a result of this upgrade, you should firstly save your EAs and indicators in the new folder location, which is: MT4 > MQL4 > Experts/Indicators.

Secondly, you will need to align your EAs and indicators with the new language to ensure they are fully functional on the updated MT4 platform. To do this, there are two options:

Option 1: Contact your EA provider if you do not have the source code available and request an updated version of the EA.

Option 2: If you have written your own EAs or you do have the source code available, please follow these steps:

  1. Navigate to Tools > MetaQuotes Language Editor – a new window will appear
  2. Navigate to View > Navigator – the Navigator box will appear in this window (if not shown already)
  3. Double-click on the EA/indicator you would like to use and update – the relevant EA script will appear in the main window
  4. Alternatively navigate to File > Open to locate the relevant EA/indicator source code saved on your computer
  5. Click on Compile in the toolbar on top of the main window (or navigate to File > Compile) – a message will appear in the Toolbox window at the bottom
  6. Once this has completed and there are no error messages displayed you will need to close and reopen MT4 – your EAs and indicators should now be ready to use

I know the secret...
  • #65,211
  • Feb 6, 2014 1:27pm Feb 6, 2014 1:27pm
Quoting traderathome
GJ Comment This sign post sure looks bullish....... {image}
GJ looking like strong potential to make new highs on daily chart and weekly chart. Possibly a double top before turning like the rest of the JPY pairs.
Build good relationships with others.
  • #65,212
  • Feb 6, 2014 2:39pm Feb 6, 2014 2:39pm
Quoting JRissa
Oh, what a day! I'm excited to share with all of you that today I had a lightbulb turned on. Mr Amazing inspired me to try scalping once again. I began to thing little differently about volumes at different price levels and S/R zones and tried to develop quickie scalping method with high accuracy using only volumes and S/R levels. Tested this idea with couple of pairs with new fresh demo account to see how it performs and this day was great test day as there was a lot of movement with especially EU. I will continue this testing with this demo account...
that's some great voodoo witch doctor
I want more brain power!
  • #65,213
  • Edited 4:28pm Feb 6, 2014 3:02pm | Edited 4:28pm
hi i am new to this tipe of trading.
i have had some nice P&L using only geometrical (Harmonics) paterns, last year. but i had some losses in the beginning of this year. i am in the forex markets since 2008 and i tried a bunch of methods. some are good some are not so good. the fact is, i am speaking to beginners like i am one. the knowledge you gain from a forum like this one is for your own method.
meaning you can learn a method but you still need some more knowledge.
i have learned a trend folowing system (Blackdogsystem) then i learned how to read candles by Steve Nison and i learned how to draw Triangels by Trade-empowered(Jason Stapleton)
all of this stuff is good to know.
i have been a long time at the blackdog system. they do not like the way i look at the market. this forum is for me the most apropriate view of the forex markets after all.
i have never thought of viewing at the volume for trend changes bevore. (sorry for my english)
volume realy helps to forecast pricemovements.
i made a new record today almost 300 pips, on 2 pairs. EU and GU
GU was sort of a swing trade i gave up on High volume. EU had a Gartley and high volume, which i used to enter long again for the 50% retracement, on the last leg down.
so, i am still a newb at trading. but i wanna do a shout out to all newbs out there. it is posible to achieve your goals. you just have to put the time and effort in to it!
cheers!
Drey
https://www.youtube.com/watch?v=WMKm
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  • #65,214
  • Feb 6, 2014 6:19pm Feb 6, 2014 6:19pm
Quoting JRissa
Oh, what a day! I'm excited to share with all of you that today I had a lightbulb turned on. Mr Amazing inspired me to try scalping once again. I begun to think little differently about volumes at different price levels and S/R zones and tried to develop quickie scalping method with high accuracy using only volumes and S/R levels. Tested this idea with couple of pairs with new fresh demo account to see how it performs and this day was great test day as there was a lot of movement with especially EU. I will continue this testing with this demo account...
Superb result!!!
With the $3,000 balance, you can raise your lot size a little bit higher. But if you scalp multiple pair in one chance, you need to be careful with your money management.

GU Inverted HS.
I'll stay away from today's market especially when USD high impact news occured. Anything can happen.

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  • #65,215
  • Feb 6, 2014 6:40pm Feb 6, 2014 6:40pm
Quoting JRissa
Oh, what a day! I'm excited to share with all of you that today I had a lightbulb turned on. Mr Amazing inspired me to try scalping once again. I begun to think little differently about volumes at different price levels and S/R zones and tried to develop quickie scalping method with high accuracy using only volumes and S/R levels. Tested this idea with couple of pairs with new fresh demo account to see how it performs and this day was great test day as there was a lot of movement with especially EU. I will continue this testing with this demo account...
Outstanding results JRissa
Your first trading day looks very impressive. Great to here you will be sharing your findings. I have been scalping using just S/R levels and volume, however only about 2-3 trades per day targeting about 8-20 pips per trade.
  • #65,216
  • Edited 7:16pm Feb 6, 2014 6:48pm | Edited 7:16pm
PVSRA: GU Bull or Bear?

As Mr. Amazing said, on H1 you can see this has formed an inverted H&S. It is in play with a 1.639x target (upper whole number Level SR area). H&S formations can run beyond their "prescribed" target, so price could go higher. Here are pictures worth a thousand words showing the price currently being worked up and down below the 1/4 Level SR by the Market Makers, for accumulation of long orders.
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  • #65,217
  • Feb 6, 2014 7:14pm Feb 6, 2014 7:14pm
Quoting sonicdeejay
Happy 33rd Birthday To myself.. http://www.youtube.com/watch?v=ZGpacvWpCrA Sonic
Happy birthday dude!!!
funny you show that video.... i met slipknot just as they released their first album
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  • #65,218
  • Feb 6, 2014 8:03pm Feb 6, 2014 8:03pm
Is it Sonic's birthday today? Haha happy birthday if it is! Mines today as well 7th feb..I'll be 18 now meaning I can finally open a live account

Edit: Oh yeah, Vantage got back to me and said now that they've upgraded to v600 theres nothing they can do about it. Ah well.
  • #65,219
  • Edited 8:41pm Feb 6, 2014 8:30pm | Edited 8:41pm
Happy Birthday, Sonic and SaiLyfee!

Hope this is a good gift,

For the NFE (NFP) release, my take is that the MMs might whack the price to suck in shorts and to hit Stops on longs. What to do with it? Well, one thing would be wait and see if before the release the MMs push the price back up to the half number area, and maybe take on a short position there (always do PVSRA for any confirmation of what the MMs are doing). Or, sit and wait and see if this whack job occurs. If it does, maybe take on a long position. Of course, you can maybe do both!

Nothing is certain. We cannot know how the price will move next, nor when trends will reverse. A nice little Dump & Pump job could net the MMs great end-of-week profits. This is just possibility thinking.
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  • #65,220
  • Feb 6, 2014 8:31pm Feb 6, 2014 8:31pm
Quoting traderathome
GJ Comment This sign post sure looks bullish....... {image}
Ahaha. You are too nice to give them so many signs Tah!
insanity: Doing the same thing over... and expecting different results -AE
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