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Sonic R. System

  • #68,121
  • Apr 1, 2014 1:34pm Apr 1, 2014 1:34pm
Quoting traderathome
{quote} EURJPY: Okay, then do the comparison you suggest. What is your conclusion? What is the point of your post? So far as I can see, the MMs began the hike with notable volume. Sure, every time MMs hike price there is going to be some front runner buying volume so they can close those longs at profit when they hit the higher prices they've targeted for resumption of shorting. My point I believe remains valid and the most important one of all.....the volume stinks for such a move up, and this means the MMs are whipping the price up as bears, not...
The objective of my post was ask indirectly if comparing two days weekly candle was valid. Already answered. Thank you.
Check your emotions. How are you?
  • #68,122
  • Apr 1, 2014 1:36pm Apr 1, 2014 1:36pm
Quoting traderathome
{quote} EURJPY: Okay, then do the comparison you suggest. What is your conclusion? What is the point of your post? So far as I can see, the MMs began the hike with notable volume. Sure, every time MMs hike price there is going to be some front runner buying volume so they can close those longs at profit when they hit the higher prices they've targeted for resumption of shorting. My point I believe remains valid and the most important one of all.....the volume stinks for such a move up, and this means the MMs are whipping the price up as bears, not...
with my broker I do not have this green volume (Hotforex)
(I know its not same in all brokers)
Does that may change our analyse?
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  • #68,123
  • Apr 1, 2014 1:44pm Apr 1, 2014 1:44pm
Quoting traderathome
{quote} GBPJPY Short Trade Update: Added short #13, Scout, as MMs run the price up just before GBP high impact release, and based on previous PVSRA indications the MMs are bears that are pushing the price up for liquidity for shorting by triggering pending stops on shorts and triggering pending long orders. {image}
GBPJPY Short Trade Update:

Added short #14, Scout, as MMs ran the price above the upper whole number, and based on previous PVSRA indications the MMs are bears that are pushing the price up for liquidity for shorting by triggering pending stops on shorts and triggering pending long orders. Also, note the lousy range today. This could mean the MMs are having increasing difficulty in pumping the price.....no buyers to suck in and no shorters using stops because everyone sees what the deceiving & thieving MMs are up to!
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  • #68,124
  • Apr 1, 2014 1:48pm Apr 1, 2014 1:48pm
EURJPY Short Trade Opened:

Entered short #1, Scout. Same basis as for my building of my GJ short trade. Note that the US MMs drifted the price upwards in after hours trading. Would they be buyers trying to buy in a "light" market where their buying would quickly raise the price on themselves? What do you think they are really doing?
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  • #68,125
  • Apr 1, 2014 1:53pm Apr 1, 2014 1:53pm
Here we go again, learning by doing

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  • #68,126
  • Apr 1, 2014 2:13pm Apr 1, 2014 2:13pm
Quoting Pooshkis
{quote} Ok, I may be nuts and I'm sorry, but I'm complete newbie, and want to completely understand the system, so I decided to read everything from the beginning and found quite a lot of posts, like http://www.forexfactory.com/showthre...26#post2298526 or http://www.forexfactory.com/showthre...75#post3044775 where entries are made like I wrote before (well that's how I understood it). If I'm wrong the correct me and I will be thankful. Thank you in advance. P.
Pooshkis,

Look, read post #12. Sonic makes it very clear there what the "white" line represents (the end of the "break thru" candle, i.e., the end of the first candle out of the Dragon on PA wave leg #3). And he clearly stipulates placing EP at least a few pips beyond that.

How much clearer can this be stated? And this is in the manuals! And my picture is in full accord with this! Accept it, memorize it, and move on!
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  • #68,127
  • Apr 1, 2014 3:23pm Apr 1, 2014 3:23pm
Quoting Bernhard
{quote} what do you mean with divergent candle? please explain or give example thx.

A divergent candle is one that price reaches higher [or lower] than the previous full bodied one, but ends up closing within or above the previous candle.

Hammers are best; pin bars [ones with not a lot of body to them] are divergent- but price usually [ not always] revisits [retraces] back into the wick before heading the other direction
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  • #68,128
  • Apr 1, 2014 5:16pm Apr 1, 2014 5:16pm
GBPJPY has potential up move
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  • #68,129
  • Edited 6:49pm Apr 1, 2014 6:25pm | Edited 6:49pm
Quoting ozboy
GBPJPY has potential up move {image}
GBPJPY:

It also has potential down move. Trend lines can sometimes be drawn in more than one way. I trust TLs far less than the universal Levels, because the MMs know how to use TLs to deceive & thieve. We cannot know how price will move next, but since the highs, I see no notable bull candle volumes. Do you? Furthermore, if suddenly there was a bull candle with notable volume, way up here in the highs, it would more likely be a head fake, not a breakout!
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  • #68,130
  • Apr 1, 2014 6:59pm Apr 1, 2014 6:59pm
AUDUSD:

Sonicers,

A high impact is coming in about half an hour. H1 best shows the downside potential for the current Classic short setup. There could be some whipsawing with this release and with the USD ADP release later, and there could be a delay in any downside move until the ADP release is made. And with more AUD high impact releases coming tomorrow, we simply cannot know how price will move next. However, there are good recent PVSRA indications that the MMs are bears. Time will tell.

-tah
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  • #68,131
  • Edited 9:08pm Apr 1, 2014 8:10pm | Edited 9:08pm
USDCHF:
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MM's are bulls so may be worthwhile looking out for going long on classics..
If the neckline is broken there is some nice potential for this one
  • #68,132
  • Apr 1, 2014 9:14pm Apr 1, 2014 9:14pm
Quoting traderathome
{quote} GBPJPY: It also has potential down move. Trend lines can sometimes be drawn in more than one way. I trust TLs far less than the universal Levels, because the MMs know how to use TLs to deceive & thieve. We cannot know how price will move next, but since the highs, I see no notable bull candle volumes. Do you? Furthermore, if suddenly there was a bull candle with notable volume, way up here in the highs, it would more likely be a head fake, not a breakout! {image}
Hey TAH,

This movement on GJ seems organic vs it being MM driven, similar to EURUSD a couple weeks back when we all thought it was MM driven, and several whole numbers later and a month later it is having issues getting back to entry prices we started at (i still have that trade open).

my debate on this situation is that 400+ pips later even if the price moves back 600 or 800 pips, is it worth the risk to stay in so deep and so long when there are other opportunities to be had?

I've noticed that more volatile pairs GJ, UC, EU, etc that even though PVSRA generally works.... these can be more "expensive" to trade than others... 8.5 times out of 10 this system is perfect for milking pips within a 2-6 day timeframe but its that one or two times that can really work against you. This is more like a post game analysis than anything else...

... please don't give me the "we don't know where price will go" speech either... i can recite it to random people on the street, its ingrained so deeply.
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  • #68,133
  • Apr 1, 2014 9:39pm Apr 1, 2014 9:39pm
Quoting eaymon
{quote} 8.5 times out of 10 this system is perfect for milking pips within a 2-6 day timeframe but its that one or two times that can really work against you. This is more like a post game analysis than anything else... ... please don't give me the "we don't know where price will go" speech either... i can recite it to random people on the street, its ingrained so deeply.
No one is telling you to copy his trades or style. You do it on your own. Ask yourself why you are following someone else's style of trading instead of using your own analysis and your own methods 8.5/10. You are the only one you have to answer to. Do you pay him for signals? Is he you entry/exit indicator? Grow some balls and learn to trade on your own before you blame someone else for YOUR account.
  • #68,134
  • Apr 1, 2014 9:51pm Apr 1, 2014 9:51pm
Quoting Pipocrates
{quote} No one is telling you to copy his trades or style. You do it on your own. Ask yourself why you are following someone else's style of trading instead of using your own analysis and your own methods 8.5/10. You are the only one you have to answer to. Do you pay him for signals? Is he you entry/exit indicator? Grow some balls and learn to trade on your own before you blame someone else for YOUR account.
Props! *thumbs up
  • #68,135
  • Apr 1, 2014 9:53pm Apr 1, 2014 9:53pm
Quoting Pipocrates
{quote} No one is telling you to copy his trades or style. You do it on your own. Ask yourself why you are following someone else's style of trading instead of using your own analysis and your own methods 8.5/10. You are the only one to you have to answer to. Do you pay him for signals? Is he you entry/exit indicator? Grow some balls and learn to trade on your own before you blame someone else for YOUR account.
my personal experience... ive blown up accounts from pushing too hard, i have generally made A LOT amount of money , and I have a couple of accounts 'stuck' until GJ moves which leaves me no space to move based on the rules... This is not about my profitability like YOU said, it IS MY responsibility, and if you rub two cents together you will realise my post does not have anything to do with that...

i trade both Classic and PVSRA and have posted my trades on a regular basis based on my own analysis. Some people don't appreciate that so i stopped... with my own analysis i have an 89% win ratio...

You need to stop being so immature about it or being an ass... Please try and understand what is going on... no system is perfect and providing analysis and suggestions, guidelines, etc help improve this going on.

there is no such thing as a perfect entry point but the one item i have wondered about, people have mentioned, and even TAH himself says 'he can be wrong' but at what point do you identify the trade or MM's are working against your signals? how do you identify when to close a loosing trade?

and its not 8.5/10 but more like 92%-95% of the time.


learn to think for yourself... question everything.... and never take someones word as gospel...


if you could contribute a different opinion that might change the thought process and improve something beautiful... wouldn't you want to try?
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  • #68,136
  • Apr 1, 2014 9:57pm Apr 1, 2014 9:57pm
Quoting eaymon
{quote} Hey TAH, This movement on GJ seems organic vs it being MM driven, similar to EURUSD a couple weeks back when we all thought it was MM driven, and several whole numbers later and a month later it is having issues getting back to entry prices we started at (i still have that trade open). my debate on this situation is that 400+ pips later even if the price moves back 600 or 800 pips, is it worth the risk to stay in so deep and so long when there are other opportunities to be had? I've noticed that more volatile pairs GJ, UC, EU, etc that even...
Trust me, its ingrained deep into my trading psychology as well. I would also I add I have EU shorts and Uchf longs I've been holding for 6 weeks now. I think at the end of the day it all comes down to just that though, price at any moment can do anything, we are simply just following institutional activity we can recognise and trading alongside it, rather than against. That is the most valuable form of analysis we can use in trading and how and when we choose to apply it is entirely up to us. How price will react accordingly at that given time is anybody's guess. So long as PVSRA continues to indicate the MM's are bears on EU and bulls on Uchf I see no point in closing my trades. I would also say that by not doing so I am prepared to ride the storm out. Trading requires patience and discipline and not to mention using PVSRA is kind of like an art that requires practice to get a feel for. A lesson learned from my EU and UChf trades is to remember to always take into consideration the higher TF's and apply PVSRA analysis to them as well.
  • #68,137
  • Apr 1, 2014 10:01pm Apr 1, 2014 10:01pm
Quoting eaymon
{quote} my personal experience... ive blown up accounts from pushing too hard, i have generally made A LOT amount of money , and I have a couple of accounts 'stuck' until GJ moves which leaves me no space to move based on the rules... This is not about my profitability like YOU said, it IS MY responsibility, and if you rub two cents together you will realise my post does not have anything to do with that... i trade both Classic and PVSRA and have posted my trades on a regular basis based on my own analysis. You need to stop being so immature about...
YOU DEFINE YOU RISK AND EXITS MORON, put in a freakin stop loss dip

let me break it down for you like a child, when you have a reversal of the situation that got you in ie weakness got you in and you see strength GTFO, what else do you want?
  • #68,138
  • Apr 1, 2014 10:07pm Apr 1, 2014 10:07pm
Quoting Pipocrates
{quote} YOU DEFINE YOU RISK AND EXITS MORON, put in a freakin stop loss dip let me break it down for you like a child, when you have a reversal of the situation that got you in ie weakness got you in and you see strength GTFO, what else do you want?
Putting in Stop Losses doesn't agree with the PVSRA philosophy...

and....

You double down on trades which is a big "no no" across the rest of the FX world.

and...

USDCAD is an excellent example where the strength was continually going against you but turned profitable based on MM pumping and dumping the pair....
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  • #68,139
  • Edited 10:32pm Apr 1, 2014 10:12pm | Edited 10:32pm
Quoting eaymon
{quote} Putting in Stop Losses doesn't agree with the PVSRA philosophy

Quoting eaymon
{quote} learn to think for yourself... question everything.... and never take someones word as gospel
You're a joke.
  • #68,140
  • Apr 1, 2014 10:16pm Apr 1, 2014 10:16pm
Quoting eaymon
{quote} Putting in Stop Losses doesn't agree with the PVSRA philosophy...
I agree with you, the point of PVSRA is to trade small and average out your entries to get a better R:R.
I think it all comes down to how much are you willing to 'risk'? This could be a certain % of your account.
Or, another point made by the infamous master sonicdeejay is to watch your trade like a hawk. By this I would say always be on the look out for MM's transitioning from bulls to bears and vice versa. This could suggest it 'may' be time to pull the trigger. Everybody here should be applying PVSRA to all timeframes to paint the picture of what's really going on. If all timeframes are in agreement then, and only then I stress, may it be worth entering. And even then, despite this, it still may not go your way. The truth is the market is run by the MM's for profit, only they can know when and where it will go next
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