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Sonic R. System

  • #65,281
  • Feb 7, 2014 1:06pm Feb 7, 2014 1:06pm
Quoting drreddy369
{quote} Hi Svilen. I have the 2013 indicators and templates as well. can you please help since you just installed them? thanks so much !
Hello
I use this assembly: http://www.forexfactory.com/showthre...75#post6707275 / Below after the text part and graphics /

Of M15 's strategy . There are some videos on the net where better explain / visual / idea of the strategy and the first page in the first post there are many bookmarks which explained how to do the installation , etc.

I personally correcting the first indicator because my agent is GMT +1 and in the second indicator of the collection - showing news - GMT 0.

Only other colors I adjusted my choice and I have added an indicator showing the time of closing the bar as an ADR ( 1 ) showing the size of the last bar . That 's it for now ... but I have yet to read and unteach strategy ...
  • #65,282
  • Edited 2:31pm Feb 7, 2014 2:02pm | Edited 2:31pm
Quoting kaczor
So when i left this thread gpb/usd was at 1,51xx and bears were getting price higher to sell at better prices. Few months after we are at 1,64xx and i guess bears still dont have good price so they still take it higher to sell Whoever opened even small position didnt have chance to escape Huge, fucking ROTFL at you people who still believe in traderathome
Allow me

A Beginners introduction to PVSRA

What is PVSRA - PVSRA is a part of the Sonic R. System that can be used to add validation to a classic Sonic R. setup. A practitioner, in my humble opinion, may also opt to use PVSRA alone for entries and exits. This however is a topic for the more advanced practitioners.

Limitations - PVSRA is not a holy grail system. The possibility of error will always be there and there have been instances where the advanced practitioners have been wrong, Sonic, TAH included and both have admitted so. There can be a number of reasons for error, be it this "system" or any other. Because the object of study in this case is the actions of MMs themselves who have the ability to manipulate price, although it may be contentious as to extent of that ability , we have to accept the fact that anything can happen despite our best efforts at the analysis of their actions.

Premise - The premise of PVSRA is that by analysing the actions of the MMs via the study of notable volumes, which they inevitably create when "trading" due to their size is that we are to able, to a reasonable degree, derive their intentions. As practitioners/learners of PVSRA, we also accept the fact that MMs's intentions can and will change. However, MMs being humans, do and have shown to "operate" out of certains habits, we can reasonably argue that occurances of such "change", are limited to a very acceptable minimum.

Intent - Our intent, based on the above premise is to place trades in accordance to the preceived intentions of the MMs.

Requirements prior to study of PVSRA - Basic understanding of market fundementals and concepts / Sound understanding of the basic workings of the FX market.

Recommendation prior to study of PVSRA - Ability to read and understand this post

Reccomendation prior to praticing PVSRA - Expanded understanding of what has been mentioned in this post.
I want more brain power!
  • #65,283
  • Feb 7, 2014 2:18pm Feb 7, 2014 2:18pm
Quoting cfdtaleong
{quote} Allow me A Beginners introduction to PVSRA What is PVSRA - PVSRA is a part of the Sonic R. System that can be used to add validation to classic a Sonic R. setup.

Even me, a man without much school i can understand that better now

thanks
fokyou forexfactory
  • #65,284
  • Feb 7, 2014 2:44pm Feb 7, 2014 2:44pm
sorry for my eng.
I also have problem with indi mt4 giving mi this message :
'SonicR VSA Candlesticks (Black).mq4'
SonicR VSA Candlesticks (Black).mq4 1 1
declaration of 'i' hides global declaration at line 114
SonicR VSA Candlesticks (Black).mq4 212 11
can't open "C:\Program Files (x86)\InstaTrader\MQL4\Indicators\SonicR VSA Candlesticks (Black).ex4" output expert file (2) 0 0
EX4 write error 1 1
2 error(s), 1 warning(s) 3 2
  • #65,285
  • Feb 7, 2014 2:52pm Feb 7, 2014 2:52pm
Quoting JRissa
I'm long on EU... This, in my opinion, is the last possible place where price should surge up. If not, it will fall under bull flag and most possibly continue down. In that case I'm swithing to bear mindset and take loss like a man {image} {image} Reasons have build last week already. {image} {image} {image}
EU
we are now at high of a bull flag as I thought we would be pretty soon from last post... Price is not showing much weakness to me for at least now, so I'm pretty confident that we will see price at least visit above bull flag.

Just to remind everyone not to enter short too heavily right now... Short side will come, that's for sure, but maby not yet... For all newbie traders Classic Sonic R setup should be minimum requirement to enter short to avoid much drawdown.

EU long trade just closed and back to analyzing what next week brings...
Attached Image (click to enlarge)
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I know the secret...
  • #65,286
  • Feb 7, 2014 3:55pm Feb 7, 2014 3:55pm
Quoting JRissa
{quote} EU we are now at high of a bull flag as I thought we would be pretty soon from last post... Price is not showing much weakness to me for at least now, so I'm pretty confident that we will see price at least visit above bull flag. Just to remind everyone not to enter short too heavily right now... Short side will come, that's for sure, but maby not yet... For all newbie traders Classic Sonic R setup should be minimum requirement to enter short to avoid much drawdown. EU long trade just closed and back to analyzing what next week brings......
Well my EU shorts were fairly profitable on thursday before news. On hindsight, I should have taken profits and went but of course I did'nt. Now the draw down is really stressing my margin. Hold or bail to fight another day hmm monday will tell
I want more brain power!
  • #65,287
  • Feb 7, 2014 3:58pm Feb 7, 2014 3:58pm
Quoting cfdtaleong
{quote} Well my EU shorts were fairly profitable on thursday before news. On hindsight, I should have taken profits and went but of course I did'nt. Now the draw down is really stressing my margin. Hold or bail to fight another day hmm monday will tell
You can always close a portion, which would free up margin greatly without incurring too big of a loss. I've been in similar situations. It's a hard call.
insanity: Doing the same thing over... and expecting different results -AE
  • #65,288
  • Feb 7, 2014 4:08pm Feb 7, 2014 4:08pm
Quoting cfdtaleong
{quote} Well my EU shorts were fairly profitable on thursday before news. On hindsight, I should have taken profits and went but of course I did'nt. Now the draw down is really stressing my margin. Hold or bail to fight another day hmm monday will tell
There's high propability change for price to visit 1.3585.. Next, so it might be good place to bail out. It might reverse right now, but I would not count on it yet. I say we go up more.
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I know the secret...
  • #65,289
  • Feb 7, 2014 4:27pm Feb 7, 2014 4:27pm
Quoting qFish
{quote} You can always close a portion, which would free up margin greatly without incurring too big of a loss. I've been in similar situations. It's a hard call.
Quoting JRissa
{quote} There's high propability change for price to visit 1.3585.. Next, so it might be good place to bail out. It might reverse right now, but I would not count on it yet. I say we go up more. {image}
Thanks for the advice. I got 2 "fail" EU trades PVSRA wise till date. 1st one pretty much i got everything wrong lol took the hit and recovered. This one the entries and analysis were much better and position sizes were reasonable also at the onset but I got a little over confident and over built poorly. A slight improvement I guess lol. I might do a full bail out at opportunity or partial close or some combination of both.
I want more brain power!
  • #65,290
  • Feb 7, 2014 4:39pm Feb 7, 2014 4:39pm
Quoting Jason Rogers
{quote} {quote} We've received similar questions from many MT4 users regarding the update to build 600. I've posted instructions at the following link to help you locate your MT4 files along with answers to some other frequently asked questions: http://www.forexfactory.com/showthre...64#post7265164
I have tried those steps and when using the "Compile" option that gives me a list of errors of what is wrong with the indicators that's not really helping me since I'm not a coder and I don't know how to fix the problems preventing them from loading properly. For some reason they are working OK in Vantage FX although I still can't load my news indicator. A solution would be if you could provide me with a FXCM MT4 download by way of PM that was of the previous build to v600. Unfortunately until then I'm just going to have to stick with Vantage for the time being.
  • #65,291
  • Feb 7, 2014 4:49pm Feb 7, 2014 4:49pm
Quoting loeil
{quote} I don't understand your scalping trades entry points. I use sometimes scalping too if I have a time and I always look for "no demand", "no supply" candles. This is what I do, when I scalp. And look how nicely dragon supports the price. So I don't see any reason for entering long in top. Just wait "no demand" or "no supply" candle, look at dragon angle and then enter. Price tells you everything what you need to know. Isn't that little bit dangerous taking long in top where could be old resistance? {image}
loeil,
Thanks for sharing this, really good stuff
I've never gone far with scalping but maybe someday I could give this a try.
  • #65,292
  • Feb 7, 2014 4:56pm Feb 7, 2014 4:56pm
Quoting cfdtaleong
{quote} {quote} Thanks for the advice. I got 2 "fail" EU trades PVSRA wise till date. 1st one pretty much i got everything wrong lol took the hit and recovered. This one the entries and analysis were much better and position sizes were reasonable also at the onset but I got a little over confident and over built poorly. A slight improvement I guess lol. I might do a full bail out at opportunity or partial close or some combination of both.
Yeah. You gotta be patient. A good rule of thumb for myself is an initial 50 pips for your first to second entries. Other entries after that, 25 pips should be fine. You'll end up with around 6-7 trades for poor positioning, but the retrace will give you nice profit. Your average price will be better too. And this is strictly UJ. Other pairs may require wider spacing due to their volatility. I try to stick to UJ or CHF for building. GJ is good if your bank roll is big. Money management and positioning is key here.
insanity: Doing the same thing over... and expecting different results -AE
  • #65,293
  • Feb 7, 2014 4:59pm Feb 7, 2014 4:59pm
People,

The new version of the plat MT4 build 600 means that the existing indicators do not compile and work properly. Until someone kindly fixes the issues I suspect many will have a problem with the old indicators. It will get worse as all the platforms are upgraded from build 509+ to 600 and the rollouts become complete by the providers.

Cheers
  • #65,294
  • Edited 5:19pm Feb 7, 2014 5:04pm | Edited 5:19pm
Quoting qFish
{quote} Yeah. You gotta be patient. A good rule of thumb for myself is an initial 50 pips for your first to second entries. Other entries after that, 25 pips should be fine. You'll end up with around 6-7 trades for poor positioning, but the retrace will give you nice profit. Your average price will be better too. And this is strictly UJ. Other pairs may require wider spacing due to their volatility. I try to stick to UJ or CHF for building. GJ is good if your bank roll is big. Money management and positioning is key here.
One way I use is to first determine if this is going to be an intra-day trade or a swing trade. If it's intra-day then I will add when price tests support/dragon etc, put trades to breakeven/pull stops up and then close all before end of the day on a climax move/5th wave/3rd bounce off Trendline. If it's swing I make sure that each position is at least 1/4 of the Average Daily Range of the pair apart whether it is scaling in or averaging in, and at any one time, only 4 positions are at risk (the rest must be set to BE before you can take on more). On top of that I will use trailing stops to protect my profits because in a large move there are often many retracements so you can enter again most of the time.

The tough part is to break the psychological barrier and get used to entering trades at fixed intervals when price is just moving in your favour (and not just when it's going against you) because that's how a trend move works, if you don't get in you don't get the profits. Finally you need a failsafe built in, a momentum indicator of sorts that when it breaks you need to get out of all open positions.

and I heard these figures from somewhere, not sure how accurate they are but they do make a lot of sense. Forex trends only about 30% of the time, but when it's in trend mode, it'll persist in trend mode 85% of the time ( which is why scaling in works and cost averaging in leads to blown accounts/huge drawdowns because no matter how good the RR seems for a counter-trend trade, it's an illusion as the probability of success is just way too low...)

hope this helps a bit. cheers.
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  • #65,295
  • Feb 7, 2014 5:14pm Feb 7, 2014 5:14pm
Quoting qFish
{quote} Yeah. You gotta be patient. A good rule of thumb for myself is an initial 50 pips for your first to second entries. Other entries after that, 25 pips should be fine. You'll end up with around 6-7 trades for poor positioning, but the retrace will give you nice profit. Your average price will be better too. And this is strictly UJ. Other pairs may require wider spacing due to their volatility. I try to stick to UJ or CHF for building. GJ is good if your bank roll is big. Money management and positioning is key here.
Quoting shellsnail
{quote} One way I use is to first determine if this is going to be an intra-day trade or a swing trade. If it's intra-day then I will add when price tests support/dragon etc, put trades to breakeven/pull stops up and then close all before end of the day on a climax move/5th wave/3rd bounce off Trendline. If it's swing I make sure that each position is at least 1/4 of the Average Daily Range of the pair apart whether it is scaling in or averaging in, and at any one time, only 4 positions are at risk (the rest must be set to BE before you can take on more). On top of that I will use trailing stops to protect my profits because in a large move there are often many retracements so you can enter again most of the time. The tough part is to break the psychological barrier and get used to entering trades at fixed intervals when price is just moving in your favour (and not just when it's going against you) because that's how a trend move works, if you don't get in you don't get the profits. Finally you need a failsafe built in, a momentum indicator of sorts that when it breaks you need to get out of all open positions. and I heard these figures from somewhere, not sure how accurate they are but they do make a lot of sense. Forex trends only about 30% of the time, but when it's in trend mode, it'll persist in trend mode 85% of the time (i.e. each instance in time, you can afford to risk 6R to make 1R and still be profitable in a trend, which is why scaling in works and cost averaging in leads to blown accounts/huge drawdowns because no matter how good the RR seems, it's an illusion...) hope this helps a bit. cheers.
Edit : Thanks for the ideas! Understanding the theory is more or less on track for me. Your inputs will go in long way in building/refining my approach
I want more brain power!
  • #65,296
  • Feb 7, 2014 5:25pm Feb 7, 2014 5:25pm
Not sure if anyone has posted this before, but today I discovered a really good way to only trade the trending pairs and stay away from the mixed ones.

Basically the sonic wave indicator can be used to tell trend on daily charts, but not really in the conventional way.

Good trend:

Attached Image


Notice how the wave is entirely ABOVE the 89EMA and does not touch it at any part.

Consolidations/Bad trends:

Attached Image (click to enlarge)
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Attached Image


As long as ANY part of the wave touches the 89EMA on the daily chart, we do not trade the pair.

And the other thing is, given that forex has SO MANY pairs, you want to only trade those which are in trend mode, and oversold/Overbought & possibly testing support/resistance on the daily chart. This greatly puts the odds of success in your favour and can give you many high RR swing trades and intra-day trades.

How we can use Volume analysis here is that when the pair is already oversold/overbought, we want to see another climax bar on the 4 hour charts to signal that the counter-trend move is indeed coming to an end. Then we can use this pair to trade on the 15min/5min/1min in the direction of the trade. So having this contextual filter can put you in a lot of great trades.
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  • #65,297
  • Feb 7, 2014 5:31pm Feb 7, 2014 5:31pm
Cont. from previous.

However there are two cases you need to be aware of because these two usually mean that you should stay away from trying to trend trade this pair for a while and wait for it to test the 89EMA on the daily chart.

The first is what I call a consolidation + volume bar breakout on the daily chart.

You can see this happening on AUD/USD. Basically when you see price form a box on the daily followed by a red/green candle breakout in counter-trend, you need to exit all trend positions and stay away until 89EMA is tested.

Attached Image (click to enlarge)
Click to Enlarge Name: consolidationbreakout.png Size: 18 KB


The second is what I call a climax move/reversal. Basically when a high volume bar is at the top/bottom or 2nd candle after the top/bottom. This signals a longer counter-trend move may be in play (although not guaranteed).

Attached Image


Any other scenarios you don't really have to worry. One indicator I like to use for seeing OB/OS is the Stochastic set to 7,2,2.
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  • #65,298
  • Feb 7, 2014 6:01pm Feb 7, 2014 6:01pm
Here's a current example on GBPJPY.

Daily:

Attached Image (click to enlarge)
Click to Enlarge Name: GJdaily.png Size: 52 KB


4H:

Attached Image (click to enlarge)
Click to Enlarge Name: GJ4H.png Size: 33 KB
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  • #65,299
  • Feb 7, 2014 6:03pm Feb 7, 2014 6:03pm
I know that maybe this question has been asked before, but this is a gigantic thread and a refresh may be well worth.

Which is the broker that provides best tick data feeds?

Thanks in advance
  • #65,300
  • Feb 7, 2014 6:10pm Feb 7, 2014 6:10pm
Here's a bit of speculation as to why this works.

Volume spikes exist on all time frames, but we can safely say that the larger the time frame, the more significant they should be.

1 min chart is probably some market maker doing some buying/selling that may influence price for the next 10-15 minutes, but cannot have any significant impact on the overall context.

These high volume 4H candles represent significant institution activity as TAH has pointed out, and given that we know most of them trade with the trend (because let's face it, no one can tell the market where to go...), we can say with perhaps 95% confidence that they are accumulating trend positions at these prices. FINALLY, we have an indicator besides PRICE that actually tells us something relevant and new - it's probably an edge that institutions have given that they can see the limit orders at those prices.

As for the daily volume spikes, they represent commercial and central bank activity that outweighs even the MMs' impact, hence any daily volume bar at tops/bottoms are likely to create larger reversals. Also, consolidation/indecision is basically accumulation/distribution and the subsequent high volume breakout counter-trend confirms the direction.

Personally I strongly disapprove of trading against the daily chart trend, except for when we see those strong reversal signals on the daily chart because it's suicidal especially when you are averaging down. Any of those trends can run for months!
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