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Sonic R. System

  • #67,681
  • Mar 20, 2014 2:10pm Mar 20, 2014 2:10pm
Quoting Tradeer
{quote} Tah, Loeil Could you please spare a minute to tell me about how you guys decide your exits? i.e. When to close a trade that is in profit. I am finding myself pulling the trigger and closing my profitable trades too soon. Looking into Loeil's EU great trade I can see myself exiting too early (see pic below) at the first sign of strong demand. So, what made you so confident it would go lower even though it was coming up? -thanks {image}
I can only speak for myself. Today I closed all my trades because I couldn't sit front of screen multiple hours and actually I already looked for exit places.

Usually after big move I wait until market calms down and then I look price action and volume what comes after. Yesterday EU broke support area, so I decided to hold my shorts until price finds some support.

And usually when price gets stuck totally then I'm gonna think about closing also.

Just simple things, nothing mysterious, follow the price.
Whatever is obvious is obviously wrong!"
  • #67,682
  • Mar 20, 2014 2:38pm Mar 20, 2014 2:38pm
Quoting loeil
{quote} I can only speak for myself. Today I closed all my trades because I couldn't sit front of screen multiple hours and actually I already looked for exit places. Usually after big move I wait until market calms down and then I look price action and volume what comes after. Yesterday EU broke support area, so I decided to hold my shorts until price finds some support. And usually when price gets stuck totally then I'm gonna think about closing also. Just simple things, nothing mysterious, follow the price.

if you sell and reload at each leg/retracement IMHO it is more profitable and safer too....

if you are not able to sit and watch the markets a lot of people use fibonacci levels as TP points.

finally... i cant remember who said it (maybe Mr. Amazing?... give credit where credit is due) but any time you don't incur a loss can be considered as a good trade.
fxvps dot biz - Low latency, Low Cost & V. Fast FX VPS Servers - free trial
  • #67,683
  • Mar 20, 2014 4:03pm Mar 20, 2014 4:03pm
Quoting traderathome
{quote} Double Bottoms, Reversals or Retraces for Reloading? Look to PVSRA! And how do you know that the double bottom is not just showing the bottoms of retraces upwards that the MMs will be using in their "Run for Profit" Phase to reload shorts? Huh? IF the MMs are bears, and IF price is in the bear "Run for Profit" phase, then we need to look for retraces upwards for our short building, just like the MMs do. And to help solve the" IF" question is the purpose of PVSRA. PVSRA is not the "Holy Grail" of trading (which will never exist), but it is...
Thank you again TAH still lots info to "digest"
  • #67,684
  • Edited 7:39pm Mar 20, 2014 6:38pm | Edited 7:39pm
loeil,

BTW. Good job on your trade and thanks again for the link to the scripts

And Thanks Again to the Sonic R Team,

Thank you all for the great indicators and tedious effort put forth by all participating in the outstanding evolution of the Sonic R System. I am sure the joint team work and the coming together of so many talented and excellent traders in one thread, will set a extremely high benchmark and be unsurpassed as such a cooperative thread here at FF for years to come.
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Keep It Simple
  • #67,685
  • Mar 20, 2014 7:22pm Mar 20, 2014 7:22pm
New member here and first post [we've all been there].

I'm not new to trading, and have been lurking here for a long time, practicing.

I think the "SonicR" system--with all the help behind it is [by far] the best system out there, and I want to thank T@H, Sonic, and all contributors.

Here is my setup for this evening's trade. Entering short on NDZJPY as the last pushes up were on decreased volume, and high volume ending at the top of the swings. The consolidation for the last few trading sessions doesn't seem to have a lot of buying interest. Dragon is starting to point down.

I'm prepared for it to retest the top @ 87.7X area--will add more if that happens.

Stop above last swing high--will be manual.

There is also a time correlation on the higher time frames -- nice H&S pattern.


Target 86.8--where there is fresh area of supply that had buying interest----I think it's due for a bigger correction, but would like to lock profits there and see what happens after that

[I hope my charts are OK....]

Looking forward to many happy trades with you all-!
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  • #67,686
  • Mar 20, 2014 7:58pm Mar 20, 2014 7:58pm
Quoting traderathome
{quote} Where is PA, Position Building or Run for Profits? Sign of strength? Maybe. But if so, for what purpose? Have you considered the big picture? For example, look at H4. Could the MMs be bears, and now into their "Run for Profits" phase, using the tops of retraces upwards to accumulate short orders? And, would that not mean that any strength on the bottoms is just the MMs stopping the drop so they can move price back up, sucking in long traders to get the liquidity the MMs need in order to add more shorts? We cannot know how price will move...
Thanks TAH for responding, I learnt something from your post and hope to develop "better eyesight" from there.

Attached are the top down view of D1, H4 and M15 supporting my bias for long.
I suppose the MMs can turn that around from the lower TF ...
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  • #67,687
  • Edited 8:21pm Mar 20, 2014 8:04pm | Edited 8:21pm
Lesson About "Stopping" Volume

We frequently refer to exceptionally high volume as "stopping" volume, a term coined by our Master Sonicdeejay. Later, "stop the drop" volume was coined. Just what are these, and how do we tell the difference?

What we refer to as "stopping" volume is exceptionally high volume (relative to preceding volumes) that comes at what appears at the time to be the end of a significant move up or down. It is volume that we anticipate is sufficient to signal that not only will price not go much further in the direction of the move, but that the price will reverse.

What has been referred to as "stop the drop" volume is really the same as "stopping" volume, but what looks somewhat less significant such that maybe a reversal will not follow and the price will sort of range for a while, followed by possibly a small run in the opposite direction before continuing the move.

Master Sonicdeejay's term "stopping" volume, is the best term to use universally because we now know that we cannot know how price will move next. The attached chart is an example. It shows very notable volumes at the lows of two significant moves down. These volumes did stop the move down, but as notable as they were, they did not result in reversals.

This lesson on volume reinforces what we already know from PVSRA, that "stopping" volume is only that. It is volume that appears sufficient to stop the current move, but that we still cannot know how price will move next, nor when trends will reverse.
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  • #67,688
  • Edited 10:09pm Mar 20, 2014 8:39pm | Edited 10:09pm
Quoting TaDaDa
{quote} Thanks TAH for responding, I learnt something from your post and hope to develop "better eyesight" from there. Attached are the top down view of D1, H4 and M15 supporting my bias for long. I suppose the MMs can turn that around from the lower TF ... {image} {image} {image}
TaDaDa,

You put nice work into this post. It is appreciated. This is the sort of post that adds to the value of this thread.

I feel compelled to say something here about the things we use when doing an analysis. Trend lines are important because they represent places where, if price gets there, price might breakout the TL, or range along the TL, or reverse at the TL. We cannot know how price will move next. Never! Never! Ever!

And what I want to say is that the corrupt, low down, dirty rotten, stinking Market Making liquidity providing banks know well how traders have a fixation with trend lines. So they are not against playing a tune to suck traders into wrong side positions by creating price action that will entice traders to do that!

Trend lines do not trump the sum total of what is involved in PVSRA. Therefore, with so much about PVSRA that indicates the MMs are now extreme bears on EJ and that they are doing everything possible to appear not to be, and are doing everything possible to keep the euro from dropping fast, it is reasonable to be on guard that the MMs might make that lower TL of yours look like it will be the place price bounces up. Indeed, the thieving and deceiving MMs will probably put on a brief up move to give the anticipating longs just what they are looking for, and to sucker them in so the MMs will obtain the liquidity they need to build more shorts.

Will a move up happen? We cannot know. If a move up happens, will it be far enough to have warranted a long trade? We cannot know. What we can know is that PVSRA indicates the friggin' MMs are bears and that based on overall PA it is reasonable to consider that the bear "Run for Profits" has started, and that therefore we should be looking for retraces upwards, not to trade long, but to trade a Classic short setup when prices roll back down off the top of such retraces.

More PVSRA Here (also linked in Post #1).

But, as the old man who kissed the cow said, "Every man to their own taste."

Hope this helps,
-tah
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  • #67,689
  • Mar 20, 2014 8:45pm Mar 20, 2014 8:45pm
Quoting traderathome
{quote} Will a move up happen? We cannot know. If a move up happens, will it be far enough to have warranted a long trade? We cannot know. What we can know is that PVSRA indicates the friggin' MMs are bears and that based on overall PA it is reasonable to consider that the bear "Run for Profits" has started, and that therefore we should be looking for retraces upwards, not to trade long, but to trade a Classic short setup when prices roll back down off the top of such retraces. But, as the old man who kissed the cow said, "Every man to their own...
Again, will revisit your posts on PVSRA to get better eyesight on the lower TF.
Thanks TAH
  • #67,690
  • Mar 20, 2014 10:47pm Mar 20, 2014 10:47pm
Dear All,

Lovely. The optional H1 and H4 templates (Sonic Stiker template) are missing from the indicator downloads. There is no mention of them beyond 30 pages of posts I guess. Is it already integrated into the M15 timeframe later on. If everyone use it can you please point me to where I can get it.

Thank you.
  • #67,691
  • Edited 11:58pm Mar 20, 2014 11:38pm | Edited 11:58pm
Quoting pannet1
Dear All, Lovely. The optional H1 and H4 templates (Sonic Stiker template) are missing from the indicator downloads. There is no mention of them beyond 30 pages of posts I guess. Is it already integrated into the M15 timeframe later on. If everyone use it can you please point me to where I can get it. Thank you.
pannet1,

Why are you posting on the Sonic R. System thread about the Sonic System thread, a project that was ended more than 5 years ago? And you obviously know that because you are posting your question here, instead of there! Your actions make no sense at all.

This is the Sonic R. System thread. If you are interested, Read Post #1. If you already read it, you did a lousy job. Go back and read it again.

-tah
  • #67,692
  • Mar 21, 2014 1:54am Mar 21, 2014 1:54am
possible 'game changing' ... if they build short, better above this level. otherwise, keep the price lower for better price ... Big "truck" always need more time to get in and out
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  • #67,693
  • Mar 21, 2014 3:25am Mar 21, 2014 3:25am
Indicator Quick Start Guide for Lazy Sonicers - 2014 Update

Pls find attached the updated guide dedicated for those who:

  1. do not have a technical approach to Metatrader just want to use it as a trading tool
  2. simply have not realized till now that they should be familiar with the Metatrader MQ4 editor to read TAH’s comments on how to use them
  3. prefer to read well organized books over comments in source code
  4. are familiar with the Metatrader MQ4 editor but constantly feel the urge to ask questions just to have another great day

Notes:
- The 2013 guide is based on indicators released on 05/25/2013 by traderathome
- The 2014 guide is based on indicators released on 03/17/2014 by traderathome
- Nothing added to - except preface and table of contents
- Pls feel free to modify/customize according to your needs

Attached File(s)
File Type: docx Indicator-QSG-for-Lazy-Sonicers_2013.docx   97 KB | 3,295 downloads
File Type: pdf Indicator-QSG-for-Lazy-Sonicers_2013.pdf   711 KB | 6,940 downloads
File Type: docx Indicator-QSG-for-Lazy-Sonicers_2014.docx   106 KB | 5,391 downloads
File Type: pdf Indicator-QSG-for-Lazy-Sonicers_2014.pdf   750 KB | 19,014 downloads
Mind the gap
  • #67,694
  • Mar 21, 2014 3:27am Mar 21, 2014 3:27am
Quoting ThunderDome
{quote} May I offer different view for usdcad {image}
I also strated position building experiment.

First scout entered on usdcad
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  • #67,695
  • Mar 21, 2014 3:28am Mar 21, 2014 3:28am
Quoting Sunbrella
Indicator Quick Start Guide for Lazy Sonicers - 2014 Update Pls find attached the updated guide dedicated for those who: do not have a technical approach to Metatrader just want to use it as a trading tool simply have not realized till now that they should be familiar with the Metatrader MQ4 editor to read TAH’s comments on how to use them prefer to read well organized books over comments in source code are familiar with the Metatrader MQ4 editor but constantly feel the urge to ask questions just to have another great day Notes: - The 2013 guide...
Sunbrella thank You very much. I'm very lazy
  • #67,696
  • Mar 21, 2014 3:40am Mar 21, 2014 3:40am
GJ: Last trade closed for the week in profit. Weekly target exceeded! Happy trading all! Have a good weekend.
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insanity: Doing the same thing over... and expecting different results -AE
  • #67,697
  • Mar 21, 2014 3:46am Mar 21, 2014 3:46am
EURUSD long start.
I set SL.
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  • #67,698
  • Mar 21, 2014 4:22am Mar 21, 2014 4:22am
Quoting traderathome
Lesson About "Stopping" Volume We frequently refer to exceptionally high volume as "stopping" volume, a term coined by our Master Sonicdeejay. Later, "stop the drop" volume was coined. Just what are these, and how do we tell the difference? What we refer to as "stopping" volume is exceptionally high volume (relative to preceding volumes) that comes at what appears at the time to be the end of a significant move up or down. It is volume that we anticipate is sufficient to signal that not only will price not go much further in the direction of the...
Prof Tah, is this the legendary "Stopping" Volume?
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Quoting Sunbrella
Indicator Quick Start Guide for Lazy Sonicers - 2014 Update Pls find attached the updated guide dedicated for those who: do not have a technical approach to Metatrader just want to use it as a trading tool simply have not realized till now that they should be familiar with the Metatrader MQ4 editor to read TAH’s comments on how to use them prefer to read well organized books over comments in source code are familiar with the Metatrader MQ4 editor but constantly feel the urge to ask questions just to have another great day Notes: - The 2013 guide...
Thanks for the work!
  • #67,699
  • Mar 21, 2014 4:30am Mar 21, 2014 4:30am
Would this be good pvsra scout?
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  • #67,700
  • Mar 21, 2014 4:42am Mar 21, 2014 4:42am
Quoting FXRobert
EURUSD long start. I set SL. {image} {image}
fxRobert

can you give the reason?
On the same position,I shorted.
I want to study .
*English is not my nactive language.
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