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Sonic R. System

  • #69,481
  • Edited 4:38am Apr 23, 2014 4:20am | Edited 4:38am
For people having problems to define profit targets, I find the following video quite interesting:
Inserted Video
.

Basically, it shows that support in a previous up trend becomes resistance (thus profit target) in the current up trend and resistance in a previous down trend becomes support in the current down trend. This is different from what we usually learn, that support becomes resistance when broken and vice versa.

MMs will target those levels. For example, when the current trend is upward, MMs will target the next "old support" that is now resistance, and then there will usually be a pullback, before MMs push the price to the next resistance level. MMs can also push through more than one resistance level in one up move.

This will also help us to locate our entries: if there is a resistance level very close to the entry which has not bean reached already, price will likely not go very far upwards until it pullbacks.

The video explains how to draw the support and resistance levels.
  • #69,482
  • Apr 23, 2014 5:08am Apr 23, 2014 5:08am
Classic Entry USDJPY, 180 pips earned.
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Trading is not easy
  • #69,483
  • Apr 23, 2014 5:44am Apr 23, 2014 5:44am
adrian c and tah spot on.. GBPJPY dived into the concrete...
there's good value in PVSRA
  • #69,484
  • Apr 23, 2014 5:45am Apr 23, 2014 5:45am
I made the same entry like xiaotiao. 26 pips earned.
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GJ: classic entry and closed for 57pips. (and closed 2 scouts)
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  • #69,485
  • Apr 23, 2014 6:18am Apr 23, 2014 6:18am
Quoting FXRobert
I start build EURGBP. {image}
Closed with nice profit. I wait for re-entry.
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  • #69,486
  • Apr 23, 2014 6:23am Apr 23, 2014 6:23am
Quoting FXRobert
EURUSD long start I see strong buing after strong selling. I price move down I add next small orders. {image}
Closed and wait for re-entry long or sell.
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  • #69,487
  • Apr 23, 2014 6:32am Apr 23, 2014 6:32am
Quoting AdrianC
{quote} Thank you Prof.Tah, can't wait to see the result of coming UK news release. IF and only IF this is the "Classic" we waiting for... {image}
GbpJpy

Here comes the "Classic".
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My Early scout send into the battlefield way too early. Still learning how to enter at perfect timing =x
And Prof.Tah keep reminding not to add when is in red.
So I wait for that possible "Classic" and Dragon shows the way.
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-AdrianC.
  • #69,488
  • Apr 23, 2014 6:33am Apr 23, 2014 6:33am
This one got me some headaches, but baby was delivered! Almost no profit after swaps and comissions...

Lessons learned here:

1- Be patient when building..
2- Its allways better to have only 5 entries with profit, than 30 losing 300 pips
3- Don´t overtrade (its not the case in here, I made that mistake on ACad, still waiting to close). Allways respect your Money Management
4- Keeping adding positions won´t make a big diference on your Average price after 15-20 bad entries, and it hurts your margin %.
5- On my rules, I can trade 4 pairs Max, I think it was also a mistake to take 4 AUD pairs. This means the swings hurt more when its not going our way.

Hope this helps who´s learning like me. Still waiting to close EA, AU and AC.
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Dificult things take longer, Imposible ones just take a bit more
  • #69,489
  • Apr 23, 2014 6:50am Apr 23, 2014 6:50am
Quoting FXRobert
USDCHF clasic M5 {image}
closed clasic and others orders.
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  • #69,490
  • Apr 23, 2014 6:51am Apr 23, 2014 6:51am
Quoting Tuffy
adrian c and tah spot on.. GBPJPY dived into the concrete... there's good value in PVSRA
Thanks tuffy.
I still got more to learn from Tah.
PVSRA is really a great work created by Master Sonic & Prof.Tah and sharing it for free.
Some losers just like to come in and bash around telling non-sense.

I like the point listed out by Drawme5 on the post above.

Is a life long learning to become better and better.
  • #69,491
  • Apr 23, 2014 6:53am Apr 23, 2014 6:53am
Quoting FXRobert
{quote} closed clasic and others orders. {image}
FXRobert,

nice trade!
Btw why don't you use the trade level indicator provided to show us.
Is much easier we can see how many pips you're milking.
  • #69,492
  • Apr 23, 2014 6:55am Apr 23, 2014 6:55am
Did someone read "Trading in the Shadow of The Smart Money" by Gavin Holmes? I bought it and think it can be interesting beacuse it's about the VSA. It's similar to pvsra i think any comments?
  • #69,493
  • Apr 23, 2014 7:02am Apr 23, 2014 7:02am
GbpJpy

Zone to take note of.
I'm still with bear team. Will watch it closely.
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  • #69,494
  • Apr 23, 2014 7:12am Apr 23, 2014 7:12am
Quoting sherdog
Did someone read "Trading in the Shadow of The Smart Money" by Gavin Holmes? I bought it and think it can be interesting because it's about the VSA. It's similar to pvsra i think any comments?
I don't know what the others are thinking about it, but I've read it and for me PVSRA is thousand times better. With VSA you need to have 2 higher timeframes showing the same trend as on the trading timeframe and then we enter on a low volume pullback to the 20 EMA. We don't really need to analyze volume if we trade like that.

PVSRA is very special and unique in the way how it is showing the fingerprints of the MMs. And it is free ;-)
  • #69,495
  • Apr 23, 2014 7:23am Apr 23, 2014 7:23am
Quoting AdrianC
{quote} FXRobert, nice trade! Btw why don't you use the trade level indicator provided to show us. Is much easier we can see how many pips you're milking.
I set template different. When is switch all I can't see clear chart , but I try next time after closed trade put with switch orignal tempalte.
  • #69,496
  • Apr 23, 2014 7:24am Apr 23, 2014 7:24am
AUDNZD long build
Adding 1 order at the moment becouse I think price possible down.
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  • #69,497
  • Apr 23, 2014 7:26am Apr 23, 2014 7:26am
Quoting sherdog
Did someone read "Trading in the Shadow of The Smart Money" by Gavin Holmes? I bought it and think it can be interesting beacuse it's about the VSA. It's similar to pvsra i think any comments?
I read, learning and I use as others software for trading but sonic template is the best for reading what doing Smarta Money.
  • #69,498
  • Apr 23, 2014 7:35am Apr 23, 2014 7:35am
Quoting FXRobert
{quote} I set template different. When is switch all I can't see clear chart , but I try next time after closed trade put with switch orignal tempalte.
Thanks mate.
Looks like you bag quite some pips home today lols.
  • #69,499
  • Apr 23, 2014 7:43am Apr 23, 2014 7:43am
USDJPY long build
Copy scenario I think. Maybe price down but M5 nice reaction for me of course.

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M5
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  • #69,500
  • Apr 23, 2014 7:55am Apr 23, 2014 7:55am
I quite like the template with multiple timeframes in the sub window, may I ask where I can get the template please?

thanks in advance.

Zen
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