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Sonic R. System

  • #68,621
  • Apr 10, 2014 5:25am Apr 10, 2014 5:25am
Have to say it feels kinda good having a fresh start at this: Entered first trade on what offers a 'potentially' nice run down on a classic wave formation after a double top. This pair has been being pushed up quite a lot lately but I maintain my bearishness on it. No SL set, however if price continues up I have no intentions adding to it. For now, I am happy to sit on my hands and wait. I feel like the reason I had to cut short my losses is because I was too much trigger happy. This has been a lesson for me and am happy to pass it onto anyones ears it falls on. Be patient!!
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Good trading to all, don't make the same mistake I did
  • #68,622
  • Apr 10, 2014 5:49am Apr 10, 2014 5:49am
GBPUSD:

Starting in about 15 minutes will be several GBP high impact releases, with USD high impact release 1.5 hours later.

The high on the M15 chart is the highest price since November 2009. You can see that not much volume was involved for such a momentous occasion. Maybe there simply were no higher orders the MMs could hit to create shorting liquidity. Or maybe there will be another try at it later. One way or the other, today will be interesting for this pair.
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  • #68,623
  • Apr 10, 2014 6:44am Apr 10, 2014 6:44am
Quoting traderathome
GBPUSD: Starting in about 15 minutes will be several GBP high impact releases, with USD high impact release 1.5 hours later. The high on the M15 chart is the highest price since November 2009. You can see that not much volume was involved for such a momentous occasion. Maybe there simply were no higher orders the MMs could hit to create shorting liquidity. Or maybe there will be another try at it later. One way or the other, today will be interesting for this pair. {image}

Traderathome I would like to ask you a question, that such works SonicR the Heiken Ashi indicator?

thanks
  • #68,624
  • Apr 10, 2014 6:56am Apr 10, 2014 6:56am
Quoting traderathome
{quote} {quote}. I have gotten into the habit of utilizing Scouts too much, too far behind enemy lines.
Hi Prof TAH, when you say being behind enemy lines, do you mean stacking the scouts as PA goes against you?
  • #68,625
  • Apr 10, 2014 7:30am Apr 10, 2014 7:30am
Good morning everyone.. as I study PVSRA I think it's quite critical that when placing scout orders it's best to think about how strong the current trend is. I have really been trying not to add to positions that are strongly trending against me. My most successful scouts are ones that are taken when price is showing signs of exhaustion. I usually scale down to the 1m or 5m and look for price to start ranging. When price is ranging we can know that some sort of position building is going on. The MM's are keeping price in the same area for a reason. If we can recognize where these zones are it will be added advantage to where we should be placing our scouts.

I am still learning as I go but horizontal pivots are extremely important when it comes to trading. Please refer to the UCAD picture I have posted. As you can see this is price which has broken support and came to retest it.. making it resistance. This sort of price action is occuring constantly at areas of supply or demand, we just need to be able to spot it and trade it.

Also attached is my current GJ trade.. if we can recognize a zone like this it is very easy to place scouts near the top of the range if PVSRA shows signs that price will stay within the zone. Granted I still didnt utilize the zone as well as I would like but we all can't be perfect. Still learning!
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  • #68,626
  • Apr 10, 2014 8:11am Apr 10, 2014 8:11am
Closed EUR/JPY Long..
27.5 Pips
Left Money on the table... But hey cant go broke grabbing pips.
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Creditors have better memories than debtors.
  • #68,627
  • Apr 10, 2014 8:42am Apr 10, 2014 8:42am
Forexswag

looks like a good simple red blue indicator your using.

could.you.please tell us what it is ...what time frame you.used and also could you.please post the indicator for us to try out?

Many thanks
  • #68,628
  • Apr 10, 2014 8:51am Apr 10, 2014 8:51am
This indi is just used for my scalping the 1hr timeframe... Use at your own risk.. Devontrader.
Also to check trends when i do classic setups.

The false filter just makes it easier to check the trend.
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File Type: zip false filter.zip   10 KB | 697 downloads
Creditors have better memories than debtors.
  • #68,629
  • Edited Apr 11, 2014 4:24am Apr 10, 2014 9:00am | Edited Apr 11, 2014 4:24am
NZDJPY Short Trade Opened:

Entered Short #1, Classic. This is a very good setup because we see nice bear PA waves and now a PA wave with the Dragon angled down, the Trend angled down, the Dragon below the Trend, and price action below both.
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  • #68,630
  • Apr 10, 2014 9:43am Apr 10, 2014 9:43am
Quoting ForexSwag
This indi is just used for my scalping the 1hr timeframe... Use at your own risk.. Devontrader. Also to check trends when i do classic setups. The false filter just makes it easier to check the trend. {file}

Hello ForexSwag. Interesting indicator but could you explain how it works.

thanks
  • #68,631
  • Apr 10, 2014 9:44am Apr 10, 2014 9:44am
Quoting MusicMoney
Very small long scout opened, AUDCHF Not sure this is the wisest of trades, with a LH ahead of it, but I haven't seen any noticeable selling from the highs; only a lot of activity from the lows where it was previously bought. -4H shows high volume stopping volume rejection -high activity just below half number, where it was previously bought before Monthly and weekly support the move--only I am a little hesitant on Aussie---cross comparing other currencies involving both pairs is a mixed bag. I am hoping for a weaker CHF than AUD {image} {image}...

Closed out for small profit. [Added 1 after FOMC; should have set a trailing stop but didn't.]

Too much rejection of higher TF's for my liking;--was hoping for a run to .8350, but it seems that my trepidation about Aussie was correct. Better safe than sorry.

[I was only able to show closed orders on day TF? sorry for that]
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  • #68,632
  • Apr 10, 2014 10:00am Apr 10, 2014 10:00am
forexswag

how would you use this indicator

i see all your colours have lined up,,,,mine on my charts have not

also i have 3 rows,,,top middle and bottom....

can you explain how you readthis indicator?
  • #68,633
  • Apr 10, 2014 10:09am Apr 10, 2014 10:09am
Quoting devontrader
forexswag how would you use this indicator i see all your colours have lined up,,,,mine on my charts have not also i have 3 rows,,,top middle and bottom.... can you explain how you readthis indicator?
Any indicator talk that is not part of Sonic R should probably be discussed privately. There is a reason why this thread has lasted so long and it's because it hasn't changed. We shouldn't confuse any new people visiting the thread.

Still holding GJ shorts. Looking to break 170.00 I believe we have the momentum to do so as the first time we visited this level there was hardly any trading.
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  • #68,634
  • Edited 10:52am Apr 10, 2014 10:27am | Edited 10:52am
Quoting traderathome
{quote} Sonicers, It is not alright to trade counter trend just because the MMs are. If the MMs are bulls, but pushing the price lower, it is not alright to add long. If the MMs are bears, but pushing the price higher, it is not alright to add short. Those old "rules" are what a lot of folks learned can create some bad habits and can create some awful draw downs under certain situations. If you read through more current posts and PVSRA material, you will see that the emphasis is on trading when the MMs are bulls pushing the price up, not down -...
TAH,

I realize that understanding PVSRA gives the trader a significant edge but it sounds like your getting back to basic trend trading with a bit of volume and identifying classic setups for entries thrown in. Similar to the method we traded back on the THV thread but replacing the kumo with the dragon, candles in lieu of HA's and identifying key S/R areas but coupled with the strength of PVSRA.

I may be misinterpreting your post, but your experience and dedication in sharing with others has always been admired and held in the highest esteem by new traders as well as oldies like myself. I would just like to clarify your mindset as we move forward learning from the past. You have strongly advocated posting only Sonic R charts to maintain continuity and organization to enhance training and understanding by thread participants. With that being said, I see your most recent charts are using HA's and a different volume indicator other than the Sonic R volume indicator. Are you giving your permission for traders to post their non-Sonic R charts as well? As much as I admire your capabilities, this creates some confusion for me and possibly for others as well!

Your further input for clarification would be appreciated

Thank You and Regards,
Cigarguy
Keep It Simple
  • #68,635
  • Apr 10, 2014 10:44am Apr 10, 2014 10:44am
Quoting cigarguy
{quote} TAH, I realize that understanding PVSRA gives the trader a significant edge but it sounds like your getting back to basic trend trading with a bit of volume and identifying classic setups for entries thrown in. Similar to the method we traded back on the THV thread but replacing the kumo with the dragon, candles in lieu of HA's and identifying key S/R areas but coupled with the strength of PVSRA. I may be misinterpreting your post, but your experience and dedication in sharing with others has always been admired and held in the highest esteem...
I agree with Cigarguy on this. What bothers me more is you still haven't answered my question of why you stopped posting your PVSRA results every week. If you plot your results into chart form, the overall profitability of this concept you're teaching doesn't really show profitability. It shows you initially did well, hit a huge winning streak, lost EVERY CENT of profits you made, had another decent upwards slope, and then started moving south. I would not be surprised if you are actually in the negative after the DD from your GJ trades and AU trades... I know you call the first equity slope your "learning curve". Fair enough. But what do you call this current slope?

Let's face it TAH, at the end of the day, you're the only PVSRA trader who has the guts to post his wins and losses like a trade explorer and show some hope for this system. Loiel doesn't post his losses, and I know he took a massive hit from recent trades. JRissa only posts wins. Sonic himself has been called out for posting charts where he has removed losing trades from his charts. The older system "pros" such as Islander have left this thread. All that I really see here are a bunch of people hoping to become profitable.

No one has yet to show profitability with this system even though it is old enough to provide solid data.

Which leads me to my final question that JRissa brought up...why would you and Sonic talk about selling forex services if you were making money in Forex? Don't you see why that seems suspicious?
I'm a dog chasing cars.
  • #68,636
  • Apr 10, 2014 10:50am Apr 10, 2014 10:50am
Quoting ElectroGypsy
{quote} I agree with Cigarguy on this. What bothers me more is you still haven't answered my question of why you stopped posting your PVSRA results every week. If you plot your results into chart form, the overall profitability of this concept you're teaching doesn't really show profitability. It shows you initially did well, hit a huge winning streak, lost EVERY CENT of profits you made, had another decent upwards slope, and then started moving south. I would not be surprised if you are actually in the negative after the DD from your GJ trades...
I think we should appreciate everything that TAH contributes to this thread. No one is asking you guys to mimic his trades every time he posts up entries. We all need to learn to think on our own. I'm sure most of the people that visit this thread don't even post and the ones that have figured it out find no reason to visit since they are profitable already.

If you can become sufficient at trading then there's no need to visit this thread anymore as you have learned everything you need to and can do studying on your own. Not rely on other traders to post what they're doing and then follow. Think independently and rely less on what everyone else is doing.

There is 3,000 pages of free material in here that we can learn from.. we are lucky they aren't charging us already.
  • #68,637
  • Edited 11:09am Apr 10, 2014 10:58am | Edited 11:09am
Quoting Dyekid217
{quote} I think we should appreciate everything that TAH contributes to this thread. No one is asking you guys to mimic his trades every time he posts up entries. We all need to learn to think on our own. I'm sure most of the people that visit this thread don't even post and the ones that have figured it out find no reason to visit since they are profitable already. If you can become sufficient at trading then there's no need to visit this thread anymore as you have learned everything you need to and can do studying on your own. Not rely on other...
Dyekid217,

Please read my entire post which is respectful to TAH and the other excellent traders here. I have been successfully trading in other threads with TAH for many years and have the up most respect for him and his abilities. He is well know throughout the FF for his outstanding contribution of knowledge and ability to create great indicators.

I by no means, follow TAH or any trader and independently make my trading decisions, but his ability and insight into the mindset of MM's, has been a missing ingredient in my trading and he has opened that door.

IMO, it appears that change is in the wind and I personally would appreciate clarification.

Thanks and Regards,
Cigarguy
Keep It Simple
  • #68,638
  • Apr 10, 2014 11:09am Apr 10, 2014 11:09am
Quoting cigarguy
{quote} Dyekid217, Please read my entire post which is respectful to TAH and the other excellent traders here. I have been successfully trading in other threads with TAH for many years and have the up most respect for him and his abilities. He is well know throughout the FF for his outstanding contribution of knowledge and ability to create great indicators. IMO, it appears that change is in the wind and I personally would appreciate clarification. Thanks and Regards, Cigarguy
The system hasn't changed which is what I'm trying to say. Just because his view of the market is one way doesn't mean we can't be thinking another.. You can still trade classic entries supported by pvsra.. and you can still trade profitable scout entries. In other words.. nobody is telling us how and when to trade.. but lately I disagree with alot of people in here adding scouts to strongly trending pairs.. just cuz everyone is doing it doesn't mean it's right. We all make bad decisions but we need to focus on ourselves... it's the only pure way of learning.

The point of education is to teach you to think on your own, we won't make any progress if we can't break outside the norm.
  • #68,639
  • Edited 11:41am Apr 10, 2014 11:11am | Edited 11:41am
Quoting Dyekid217
{quote} The system hasn't changed which is what I'm trying to say. Just because his view of the market is one way doesn't mean we can't be thinking another.. You can still trade classic entries supported by pvsra.. and you can still trade profitable scout entries. In other words.. nobody is telling us how and when to trade.. but lately I disagree with alot of people in here adding scouts to strongly trending pairs.. just cuz everyone is doing it doesn't mean it's right. We all make bad decisions but we need to focus on ourselves... it's the only...
Dyekid217,

Your preaching to the choir.. I'm not talking about scouts. The posting of Non Sonic R charts have never been tolerated for reasons that are understandable, but the last two charts posted by TAH are not his normal Sonic R.

Happy Trading and Regards,
Cigarguy
Keep It Simple
  • #68,640
  • Apr 10, 2014 12:01pm Apr 10, 2014 12:01pm
GBPJPY: 7 short scouts on H1 TF, based on D1 breakout of the previous high and forming on D1 bottom.

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