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Sonic R. System

  • #69,241
  • Apr 18, 2014 9:28am Apr 18, 2014 9:28am
Quoting traderathome
{quote} K40, Okay, you prodded my and I prodded you. We have both had our fun. Now it is time to get serious. Just posting a chart produced by somebody other than yourself does not give you credibility. You frequent a new thread whose founder spent a week here and failed to understand, let alone master the PVSRA concept. The thing is, instead of respecting the tone of the Sonic R. System thread, he became arrogant and verbally abusive on leaving. This is not the behavior of a mature individual. Neither is your behavior. You know nothing of the Sonic...
TAH,

Very professional response to undeserved and unsupported accusations
Attached Image
Keep It Simple
  • #69,242
  • Apr 18, 2014 9:34am Apr 18, 2014 9:34am
Quoting cigarguy
{quote} TAH, Thanks for the kind words. As a member of the Sonic community, I feel that we should all work together with a common goal of maintaining, enhancing and supporting this thread with informative and constructive posts. Acknowledging the fact that each trader may have his/her different trading styles and opinions, I think that those that have issues with PVSRA or this thread, should just quietly move on. Negative and disruptive posts serve no positive purpose but to clutter and facilitate angry emotions and responses from those contributing...
Sir, well said! Let's make money together with Sonic R.
Sick of listening to those non-sense when they want to profit but doesn't want to put in effort when Master Sonic and Prof.Tah already putting all the information on the first post & FREE OF CHARGE.
Self ego will not bring anyone further in whatever situation.
Life is just a live long journey, where new knowledge doesn't stop coming in.

Make more profit, buy more cigar & chill with whisky~
-AdrianC.
  • #69,243
  • Apr 18, 2014 9:40am Apr 18, 2014 9:40am
EurGbp

I started a scout yesterday -- but didn't post it. I added another today.

I took this trade because of a higher high on the daily, with a 76.4 retracement back towards the bottom, with a lot of activity in the area. From the low, there was a H4 engulfing bar, with a retracement from that--which shows up in PA from yesterday and today creating support just below the quarter number.

I've never traded this pair before, and am unsure of it's potential as a successful trade. I know Gbp is due for some downside, but am unsure of the Eur part of the equation.

Anyway, this is what I saw on the charts, and I guess I'll see where it goes.
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  • #69,244
  • Apr 18, 2014 9:44am Apr 18, 2014 9:44am
Quoting AdrianC
{quote} Sir, well said! Let's make money together with Sonic R. Sick of listening to those non-sense when they want to profit but doesn't want to put in effort when Master Sonic and Prof.Tah already putting all the information on the first post & FREE OF CHARGE. Self ego will not bring anyone further in whatever situation. Life is just a live long journey, where new knowledge doesn't stop coming in. Make more profit, buy more cigar & chill with whisky~ -AdrianC.
AdrianC,

Thanks. Cigars and Brandy but close enough!
Keep It Simple
  • #69,245
  • Apr 18, 2014 10:03am Apr 18, 2014 10:03am
Quoting cigarguy
{quote} TAH, Very professional response to undeserved and unsupported accusations {image}

Well said - that's a keeper...

Home with my 6 year old today- school vacation started ...bank holiday today in US but unreal how little things are moving as of late --EU within a 100 pips for the week! - cant remember the last time this has happened! I am long, short term EU....one more last hoorah up and over 1.4 and the push down will be substantial - we should be able to follow it using pvsra as smart money moves the price up and gets better more profitable short positions on the way up...sometimes you feel like you may be on the wrong side of the trade but would find it highly suspect that EU would come this far and not make a "hit on 1.4"

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Entries in the wicks over and over **PVSRA rules!
  • #69,246
  • Edited 10:24am Apr 18, 2014 10:09am | Edited 10:24am
Quoting Luv2Cook
EurGbp I started a scout yesterday -- but didn't post it. I added another today. I took this trade because of a higher high on the daily, with a 76.4 retracement back towards the bottom, with a lot of activity in the area. From the low, there was a H4 engulfing bar, with a retracement from that--which shows up in PA from yesterday and today creating support just below the quarter number. I've never traded this pair before, and am unsure of it's potential as a successful trade. I know Gbp is due for some downside, but am unsure of the Eur part of...
Luv2Cook,

IMO, appears to me that you shorted into a demand/support zone. Notice the previous pump and dump as well to get price down where they want it to buy at a cheaper price. Looks to me like MM's are building longs I stand to be corrected. I am learning more about PVSRA daily as well from the professional PVSRA traders, which I am not. Hence, the reason I preface my post with IMO, is to learn from discussions.

I am sure TAH can comment on this with more clarity and accuracy
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Keep It Simple
  • #69,247
  • Apr 18, 2014 10:18am Apr 18, 2014 10:18am
Quoting loeil
EU - long. Nice clue of buying on the chart. {image}
loeil,

That notable activity is not on my charts - two brokers - one of which is attached, the one with the highest bar. This might or might not be buying, but if it is buying it might only be the closing of shorts ahead of the weekend, and not necessarily a sign "they" expect to be able to reload shorts higher again. It could be selling, more shorting ahead of the open for next week, which might be a sign a good retrace up is not in the cards.

We just don't know for sure what that bar means. And we see every week many examples of how price will be moved up a bit and then followed by a stronger move down, a notable move down which can easily be interpreted as buying, but can also be genuine selling because the MMs do raise price in order to bring more longs into the queue lower - longs thinking price will come back down and so place their pending long orders lower - and when there are enough long orders lower to make things worthwhile the MMs whack the price back down the queue to take the short side of those pending long orders. It is a technique to coax liquidity for shorting into the market. So, we don't know for sure what such a down bar on notable volume means, except for its place in the bigger picture, and sometimes not until more clues come in.

On the other hand, you have an uncanny ability to read such things correctly most of the time. My hat is off to you on that score. I eagerly await the outcome of this.

-tah
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  • #69,248
  • Apr 18, 2014 10:18am Apr 18, 2014 10:18am
Quoting cigarguy
{quote} Luv2Cook, IMO, appears to me that you shorted into a demand/support zone. Notice the previous pump and dump as well to get price down where they want it to buy at a cheaper price. Looks to me like MM's are building longs I stand to be corrected. I am learning more about PVSRA daily as well from the professional PVSRA traders, which I am not. {image}
Ooops--I forgot say in my posts I was long---[ blush]

Those are 2 long scouts.


Cigars and brandy... I like brandy I envision you as that guy from the commercial for Dos Equis -{The Most Interesting Man"
  • #69,249
  • Apr 18, 2014 10:32am Apr 18, 2014 10:32am
Quoting Luv2Cook
{quote} Ooops--I forgot say in my posts I was long---[ blush] Those are 2 long scouts. Cigars and brandy... I like brandy I envision you as that guy from the commercial for Dos Equis -{The Most Interesting Man"

Luv2Cook,

Sorry, I guess I jumped to the wrong conclusion that you shorted . Yea, that commercial. I wish

Good Luck and Regards,
Cigarguy
Keep It Simple
  • #69,250
  • Edited 10:54am Apr 18, 2014 10:34am | Edited 10:54am
Quoting Luv2Cook
EurGbp I started a scout yesterday -- but didn't post it. I added another today. I took this trade because of a higher high on the daily, with a 76.4 retracement back towards the bottom, with a lot of activity in the area. From the low, there was a H4 engulfing bar, with a retracement from that--which shows up in PA from yesterday and today creating support just below the quarter number. I've never traded this pair before, and am unsure of it's potential as a successful trade. I know Gbp is due for some downside, but am unsure of the Eur part of...
EURGBP:

Yes, GBP is due for some downside. EU is due for more, also, though not so precariously high as is GBP. So, what happens with this pair should be interesting. It is not for me though, considering the spread and the low average range, but especially so under these current circumstances. If both drop, then betting on one or the other is like trying to pick the loser in a horse race!

However, just look at your own larger TF charts. Except for M15, every chart from WEEK down to M30 shows the Dragon angled down, the Trend angled down, and the Dragon below the trend. So, this looks bearish. In fact, looking at the DAY chart, the first presumption that comes to mind is that the MMs might whack the price to a Double Bottom. It is not that far below, now. Certainly one should expect retraces upwards along the way, but for now this does have an overall bearish look to it.

And consider this, if GBP starts to drop, it is quite possible the dropping will be more substantial than any upside to EUR, which still supports the bearish scenario.

Just My View,
-tah
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  • #69,251
  • Edited 11:00am Apr 18, 2014 10:38am | Edited 11:00am
Quoting traderathome
{quote} EURGBP: Yes, GBP is due for some downside. EU is due for more, also, though not so precariously high as is GBP. So, what happens with this pair should be interesting. It is not for me though, considering the spread and the low average range, but especially so under these current circumstances. If both drop, then betting on one or the other is like trying to pick the loser in a horse race! However, just look at the larger TF charts. Except for M15, every chart from WEEK down to M30 shows the Dragon angled down, the Trend angled down, and...

Oops, Appears that we were both wrong in thinking bullish EURGBP . That's why comments and discussions are invaluable for learning PVSRA! Some see what others don't. It's easy, just check your ego at the door, open your mind, eyes and ears and soak it up
Keep It Simple
  • #69,252
  • Apr 18, 2014 11:00am Apr 18, 2014 11:00am
Quoting cigarguy
{quote} Luv2Cook, Sorry, I guess I jumped to the wrong conclusion that you shorted . Yea, that commercial. I wish Good Luck and Regards, Cigarguy
Cigarguy,

Too bad there is a limit on the text of your sentiment. Otherwise I suspect you'd have expanded it to......

"I Never Met A Man With Two Cigars That I Didn't Like, or A Man With a Bottle of Brandy I couldn't Out Drink"

-tah
(Just funnin' )
  • #69,253
  • Apr 18, 2014 11:06am Apr 18, 2014 11:06am
I hope it's ok for others to provide analysis on pairs. I think short term EurUsd is bearish

I don't know much about how the market works, other than them being thieves. I do see buying interest, however their effort seems a bit weak. I also see a ABC formation- perhaps corrective in nature. The hourly shows heavy volume into the tops, with more volume coming down from the highs than up from the lows.

The last peak had some really high selling from the previous area [marked on my charts as the 76.4 fib taken from the large swing] Yesterday's action was clearly selling, and day candle being full -bodied bearish--I think the buying may have been a retracement for another leg down on the higher timeframe charts.

This is what I see. What do you see? I like reading others thoughts and opinions-- it helps me to learn and I think it helps others too-- we all have similar charts, but people see different things.
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  • #69,254
  • Apr 18, 2014 11:13am Apr 18, 2014 11:13am
Quoting traderathome
{quote} Cigarguy, Too bad there is a limit on the text of your sentiment. Otherwise I suspect you'd have expanded it to...... "I Never Met A Man With Two Cigars That I Didn't Like, or A Man With a Bottle of Brandy I couldn't Out Drink" -tah (Just funnin' )
TAH,

Yep, might have done just that to keep my image up. But truth be told, I only have one glass of brandy weekly, but many cigars ( I won't mention their origin)
Keep It Simple
  • #69,255
  • Apr 18, 2014 11:17am Apr 18, 2014 11:17am
Quoting traderathome
{quote} EURGBP: Yes, GBP is due for some downside. EU is due for more, also, though not so precariously high as is GBP. So, what happens with this pair should be interesting. It is not for me though, considering the spread and the low average range, but especially so under these current circumstances. If both drop, then betting on one or the other is like trying to pick the loser in a horse race! However, just look at your own larger TF charts. Except for M15, every chart from WEEK down to M30 shows the Dragon angled down, the Trend angled down,...
Thank You very much-- I wasn't sure how this would work--not having traded this pair. Certainly don't want to be longing 2 losers! I didn't take that into consideration; I was thinking 1 might be more of a loser than the other--and I now see the potential for a double bottom as well. Will close out and stay away from this pair - you give valid reasons not to trade it
  • #69,256
  • Apr 18, 2014 11:36am Apr 18, 2014 11:36am
A question about PA

Not knowing how the market will ever go, but another note on EurUsd.

I don't think I have ever seen anything bullish in nature having price go up only to come back down to another area--usually it would create a significantly higher low if it was truly bullish? I see more volume in the down move than in the up moves as well

And fib tools are useful--however one could create fibs all day long and come up with a mess. Not sure where to draw the line on that one.

Anyway another EurUsd picture . Yesterday sold off of 61.

I hope everyone has a wonderful Holiday--I am off to go start my cooking and planning for our family get together.

Peace and Love to everyone and God Bless
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  • #69,257
  • Edited 12:05pm Apr 18, 2014 11:39am | Edited 12:05pm
Quoting Luv2Cook
{quote} Thank You very much-- I wasn't sure how this would work--not having traded this pair. Certainly don't want to be longing 2 losers! I didn't take that into consideration; I was thinking 1 might be more of a loser than the other--and I now see the potential for a double bottom as well. Will close out and stay away from this pair - you give valid reasons not to trade it

Luv2Cook,

I also failed to look at the EURGBP day chart. Price stalled at the 61.8 fib, retraced back to 38.2 and then headed down. IMO, I would not want to be long here. I now see TAH's take on this pair. Sometimes I get to close to the forest to see the trees.
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Keep It Simple
  • #69,258
  • Apr 18, 2014 11:43am Apr 18, 2014 11:43am
Quoting Luv2Cook
I hope it's ok for others to provide analysis on pairs. I think short term EurUsd is bearish I don't know much about how the market works, other than them being thieves. I do see buying interest, however their effort seems a bit weak. I also see a ABC formation- perhaps corrective in nature. The hourly shows heavy volume into the tops, with more volume coming down from the highs than up from the lows. The last peak had some really high selling from the previous area [marked on my charts as the 76.4 fib taken from the large swing] Yesterday's action...
EURUSD:

Luv2Cook, you drew your FR study upside down, as if you wanted to show the retrace from the highs. If you wanted to show the retrace from the lows, then the attached chart does this.

It is of some importance that the gap has been filled. It is even more significant that it was filled with a notable whip up thru the half number (PVSRA). And it is most significant that this was followed by a very strong bear bar. Regarding the overall FR study of retrace, the price clearly failed at the FR 78.6% area, and except for the gap closing whip up, the price has even failed to recapture the FR 61.8% area.

I know some wonder if the price will recapture 1.4000, but things are different now than they were back in 2011 when that was a significant Level. It could happen, yes. We cannot know how the price will move next. But based on PVSRA and other clues across the spread of chart TFs, this is looking bearish.
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  • #69,259
  • Apr 18, 2014 11:50am Apr 18, 2014 11:50am
Quoting traderathome
{quote} EURUSD: Luv2Cook, you drew your FR study upside down, as if you wanted to show the retrace from the highs. If you wanted to show the retrace from the lows, then the attached chart does this. It is of some importance that the gap has been filled. It is even more significant that it was filled with a notable whip up thru the half number (PVSRA). And it is most significant that this was followed by a very strong bear bar. Regarding the overall FR study of retrace, the price clearly failed at the FR 78.6% area, and except for the gap closing...

TAH,

Gotta luv training day. A excellent time to enjoy and learn during a quiet trading session.
Keep It Simple
  • #69,260
  • Edited 12:10pm Apr 18, 2014 12:00pm | Edited 12:10pm
Quoting cigarguy
{quote} TAH, Gotta luv training day. A excellent time to enjoy and learn during a quiet trading session.
A relaxing day for me. And it is a good time to step back and reassess, usually on weekends though.

And it surprises me not that even at such times of low or no market activity, we have a substantial number of viewers. And even some of those are folks that "bad mouth" Sonicers. Yet they stay tuned in for their trading signals!

They know here, unlike anywhere else, we post our trades real-time using a free indicator that verifies the trade is not just some hoax! So, in spite of their spite, they keep looking in on us because of our honesty and our track record of helping traders become more successful.

-tah
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