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Sonic R. System

  • #68,141
  • Apr 1, 2014 10:39pm Apr 1, 2014 10:39pm
Quoting SaiLyfee
{quote} 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. Everybody here should be applying PVSRA to all timeframes to paint the picture of what's really going on. If all timeframes are in...

agreed... I know considerable draw down is expected(if you risk alot) with this system and the amount of R:R justifies it,

but I was curious if there was any other way to mitigate or reduce long periods of exposure without it just being through smaller lot sizes and and amount of trades.

Theoretically, your account should be able to handle -500 pips for each trade(lets say 5-20 trades) for each pair with potentially 6-8 pairs open.

this would mean that your account would need to be able to handle a negative amount of 60,000 pips or $6,000 of draw down when trading 0.01 standard lot sizes...

obviously this is worse case scenario, but we cannot predict where price will go.
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  • #68,142
  • Apr 1, 2014 10:58pm Apr 1, 2014 10:58pm
Quoting Pipocrates
{quote} {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?
Quoting Pipocrates
{quote} {quote} You're a joke.
too funny....
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  • #68,143
  • Apr 1, 2014 11:14pm Apr 1, 2014 11:14pm
EURAUD watch

continuation flag pattern

Buying into consolidation
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  • #68,144
  • Apr 2, 2014 12:24am Apr 2, 2014 12:24am
Quoting traderathome
{quote} 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! {image}
Thanks for clearing that out TAH.

P.
  • #68,145
  • Apr 2, 2014 12:32am Apr 2, 2014 12:32am
I guess it's a matter of interpretation. I bought yesterday, while others sell. And now, perhaps, re-buy. Now we will see how the pair behaves.
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Check your emotions. How are you?
  • #68,146
  • Edited 1:31am Apr 2, 2014 12:47am | Edited 1:31am
Trade Duration & Averaging Down

Some nice discussion here I see, regarding the time to completion of some trades and of averaging down during them, etc. These are two salient points to consider when riding the MMs coattails.

Speaking for myself, when I see a trade being dragged out in time, the question of the time value of money arises. Certainly to close a trade while at a loss, just because it isn't happening fast enough for me, seems a ridiculous thing to do. It actually seems more sensible to average down, or enlarge the trade, so that when it comes into profits the profits will be larger, so somewhat mitigating the attack on the time value of money involved.

And that brings up the point about adding to trades while they currently run against you. Some simply assume if a trade is running against you, then it is a losing trade. Is it? My experience is that practically speaking they will all come to profit. It is just a question of time. But, can one wait six months or three years for that to happen? Probably not, and fortunately those beasts are in the very slim minority. The point though is about averaging down. This is strangely frowned on in the forex market. Yet in the stock market, especially in the sales and promotions of mutual fund investing, averaging down is touted as the EXACT thing to do! There it is called Dollar Cost Averaging (buy more when price moves against you and buy less when it moves for you) and it is actually a recommended mutual fund investment method. Why is it recommended? It is recommended because the belief about markets is that overall, what goes up comes down and what goes down comes up. So, don't you find it very strange that in the currency market where this is even more true, that some folks want you to believe otherwise?

Just as we cannot know how price will move next, it is the timing of things that we therefore cannot know. And the only way I know of to trade accordingly is to use PVSRA to determine if the MMs are bulls or bears and if they are "Position Building" or "Running for Profits", to trade very very light, to take advantage of the MMs when they try to take advantage of us by whipping or whacking the price opposite the valid trade, and to be patient. Otherwise, trade in and out quickly, probably for just 10-25 pips most of the time, and forget all the rest, because it is a tactic of the deceiving & thieving Market Makers to whip and whack prices until the sun has set, and they have stolen everything they can that is worthwhile by doing so, and that includes exhausting the patience of traders, causing them to fold at a loss.

-tah
  • #68,147
  • Edited 1:11am Apr 2, 2014 12:59am | Edited 1:11am
As a whole, this thread is soooooo unnecessarily caustic. It always surprises me how quick most are to jump on others here. There are plenty of other high traffic threads that don't have this tendency.

Quoting eaymon
{quote} I know considerable draw down is expected(if you risk alot) with this system and the amount of R:R justifies it, but I was curious if there was any other way to mitigate or reduce long periods of exposure without it just being through smaller lot sizes and and amount of trades.
On a different note, I think you raise a great point eaymon. The Sonic System works well because it doesn't use SLs, but it does need some form of drawdown protection (IMO). Personally, I would gladly sacrifice a couple hundred pips gain if it means avoiding days/weeks/months of +2000 pip drawdown. That's just my opinion though. I've been working on several methods and testing them as we speak. I have found one in particular that looks great with backtesting, but now it's time to forward test it.

In the interim, here's a trade that I've entered:

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The 4 hour chart really does it for me. First, we are at a solid resistance level. Secondly, PA is starting to show market turnover. Third and foremost, the fourth bar from the right shows a steep increase in price on ridiculously low volume. I will continue to add to this trade accordingly.
I'm a dog chasing cars.
  • #68,148
  • Apr 2, 2014 1:17am Apr 2, 2014 1:17am
Quoting ElectroGypsy
As a whole, this thread is soooooo unnecessarily caustic. It always surprises me how quick most are to jump on others here. There are plenty of other high traffic threads that don't have this tendency. {quote} On a different note, I think you raise a great point eaymon. The Sonic System works well because it doesn't use SLs, but it does need some form of drawdown protection. Personally, I would gladly sacrifice a couple hundred pips gain if it means avoiding days/weeks/months of +2000 pip drawdown. That's just my opinion though. I've been working...
I think most of the drama happen here is cause when they don't finish reading the #1 post.
PVSRA doesn't use SLs, but manually and mentally we should always prepare and count our own available margin and cut any loses that we really can't afford to manually.
Lets say about me, if I enter position on a pair, I just give up other opportunity because I don't want to risk my small margin ending up can't holding both, so just focus on one is safer for me to withstand any drawdown.
Is just my POV, I might be wrong, but is my own money management rules.
Rather earn less than losing all my money by margin call my account.

-AdrianC.
  • #68,149
  • Apr 2, 2014 1:18am Apr 2, 2014 1:18am
Thanks for your input....

Quoting traderathome
Yet in the stock market, especially in the sales and promotions of mutual fund investing, averaging down is touted as the EXACT thing to do! There it is called Dollar Cost Averaging, and it is actually a recommended mutual fund investment method.
i didn't know that....

Quoting traderathome
And the only way I know of to trade accordingly is to trade very very light, take advantage of the MMs when they are trying to take advantage of us, and be patient. Otherwise, trade in and out quickly, probably for just 10-25 pips most of the time, and forget all the rest.
like any business you need to be able to move tactically ( 10-25 pip movements using classic rules) and strategically ( 75-150pip movements using PVSRA). The combination of the two is pretty deadly...

ive been able to make huge strides on my trading capability.... i just need to manage my greed or pump more money into the account before starting on the journey
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  • #68,150
  • Apr 2, 2014 1:28am Apr 2, 2014 1:28am
Quoting AdrianC
{quote} I think most of the drama happen here is cause when they don't finish reading the #1 post. PVSRA doesn't use SLs, but manually and mentally we should always prepare and count our own available margin and cut any loses that we really can't afford to manually. Lets say about me, if I enter position on a pair, I just give up other opportunity because I don't want to risk my small margin ending up can't holding both, so just focus on one is safer for me to withstand any drawdown. Is just my POV, I might be wrong, but is my own money...
i probably should follow that methodology of money management... i like to take a small account or two and push it to the limits, thus giving my margin limits for the broker/trading system and then trade up until that margin level and use that as my boundary.

one other point and in my opinion its a big one....
i have noticed with PVSRA that if you have hit your margin call with one trade or are inching close, close out all your trades immediately or all profitable trades(regardless if they have room to move).

i had about 100+ positions open, and one by one as each trade was closed it was like dominoes one after another till the account was next to nothing...

a word to the wise....
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  • #68,151
  • Apr 2, 2014 1:38am Apr 2, 2014 1:38am
Quoting ElectroGypsy
As a whole, this thread is soooooo unnecessarily caustic. It always surprises me how quick most are to jump on others here. There are plenty of other high traffic threads that don't have this tendency. {quote} On a different note, I think you raise a great point eaymon. The Sonic System works well because it doesn't use SLs, but it does need some form of drawdown protection (IMO). Personally, I would gladly sacrifice a couple hundred pips gain if it means avoiding days/weeks/months of +2000 pip drawdown. That's just my opinion though. I've been...
I am seeing a similar sentiment across all YEN pairs...
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  • #68,152
  • Apr 2, 2014 1:53am Apr 2, 2014 1:53am
Seems a classic...
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Check your emotions. How are you?
  • #68,153
  • Apr 2, 2014 2:02am Apr 2, 2014 2:02am
Quoting Repsaj
Seems a classic... {image}
add scout
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Check your emotions. How are you?
  • #68,154
  • Apr 2, 2014 2:41am Apr 2, 2014 2:41am
Quoting Repsaj
{quote} add scout {image}
I have close early ?
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Check your emotions. How are you?
  • #68,155
  • Apr 2, 2014 3:00am Apr 2, 2014 3:00am
Quoting traderathome
{quote} AUDUSD Short Trade Update: Added shorts #2-3, Scouts, set as pending orders ahead of the AUD high impact releases that just occurred, and based on PVSRA prior indications the MMs were bears that were driving price up while accumulating short orders. {image}
AUDUSD Short Trade Closed:

Manually closed trade for 517.5 pips gain. I anticipate the price will go lower in conjunction with upcoming AUD releases, but right now the PA is starting to show bullish to me, which might mean another hike in price is coming before any substantial move lower, if that move lower even comes. I do not have great confidence either way at this point, so I am taking profit and will step back and give this more time to reveal more PVSRA clues.
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  • #68,156
  • Apr 2, 2014 3:02am Apr 2, 2014 3:02am
Hello I am new here, so i would like to hear your opinion what is going on EUR USD THX

This is my tip.
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Build your own dreams, or someone else will hire you to build theirs.
  • #68,157
  • Apr 2, 2014 3:12am Apr 2, 2014 3:12am
AUDUSD Long Trade Opened:

Entered long #1, Classic. This is starting to look more bullish following the high volume move down to the 1/4 Level. So, maybe that was a move to accumulate longs and maybe the price is headed upwards now, maybe in conjunction with the USD high impact release or maybe only before it. A lot of "maybe" here, I know. And I do not know how the price will move next. But, there is that PVSRA indication of bulls and now there is a Classic long setup. So, I am in long now.
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  • #68,158
  • Apr 2, 2014 3:29am Apr 2, 2014 3:29am
Quoting jojojo22
Hello I am new here, so i would like to hear your opinion what is going on EUR USD THX This is my tip. {image}
EURUSD:

Price has remained mostly below the upper whole number, so far this week. The several times that the MMs did hike the price up there, a lot of increased activity occurred. This is a PVSRA indication the MMs are bears, and at this point they would be building shorts, not closing longs. Therefore, the logical conclusion is that the price will eventually head lower. We cannot know how price will move next though, and all the high impact releases this week might be used by the MMs to further complicate, obfuscate and drag things out.
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  • #68,159
  • Apr 2, 2014 3:35am Apr 2, 2014 3:35am
Prof. I still see bear mm's on the 1 min
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  • #68,160
  • Apr 2, 2014 3:44am Apr 2, 2014 3:44am
How do we use SonicR system to swing trade?

Thanks a lot
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