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Sonic R. System

  • #69,661
  • Apr 25, 2014 7:16am Apr 25, 2014 7:16am
Quoting bolehbah69
this is my first post to this thread, will that work? {image}
just be carefull of not buying tops!
If you don't know how to earn money, don't loose it.
  • #69,662
  • Apr 25, 2014 7:20am Apr 25, 2014 7:20am
Thanks for the system and TAH

Classic short entry USDJPY. closed for 200 pips.
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Trading is not easy
  • #69,663
  • Apr 25, 2014 7:29am Apr 25, 2014 7:29am
Quoting Bernhard
gold shoot up, war in Ukraine? technicals not work? any tips? {image}
While hindsight truly is a beautiful thing, techs CAN be found at most significant turning points.
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Come with me if you want to live....
  • #69,664
  • Apr 25, 2014 7:35am Apr 25, 2014 7:35am
Quoting coolmakina
{quote} just be carefull of not buying tops!
thanks for reply, what do you mean not buying top?
  • #69,665
  • Apr 25, 2014 7:40am Apr 25, 2014 7:40am
Quoting bolehbah69
{quote} thanks for reply, what do you mean not buying top?
Referring to not buying on up moves!! (Buy low sell high)

I found that most systems I have studied in the past gave signals when the move is already exhausted. No system like PVSRA can help determine where to get into a trade. Even if the position is not exact atleast we can study what the MM's are doing and build with them!
  • #69,666
  • Apr 25, 2014 7:43am Apr 25, 2014 7:43am
Quoting bolehbah69
{quote} thanks for reply, what do you mean not buying top?
something like "daily top".

buy low, sell high.
sell high, buy low.

i'm not saying you are wrong...

just take a look on higher and lower TF.

regards bro.

If you don't know how to earn money, don't loose it.
  • #69,667
  • Apr 25, 2014 7:44am Apr 25, 2014 7:44am
i got this from somewhere:

It trades on the M15 chart. It uses a price activity WAVE at an S&R area to validate a trade setup, and technical indicators called the DRAGON and the TREND. The DRAGON is used for picking the trade entry. The TREND is used to confirm the correct trade direction. Historic S&R is used for picking the trade exit.
Placement of EP
Wait for a WAVE leg #3 candle to break out of the DRAGON, and place your entry order at least several pips beyond it. It is better if there is no strong S&R area just beyond the entry. Remember also, it is best if PA is above TREND for longs, below TREND for shorts.
Placement of Re-entry
It is best to let PA clear the most recent high, or low, and if there is no strong S&R area just beyond this re-entry.
Placement Of TP
Select a historic S&R level. Such levels can include whole/half/quarter numbers and the middle of consolidation areas.
Placement of SL
These are the rules for placement of the SL (see picture below that illustrates):
The SL must be beyond the H/L (for shorts/longs) of the recent large scale price swing.
The SL must not be more than 100-120 pips from the EP (for EUR/USD).
  • #69,668
  • Apr 25, 2014 7:45am Apr 25, 2014 7:45am
Hi, Guys ...... my first post here. I went live this week. I'm long on NZDUSD. Clasic i believe correct me if i'm wrong.
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Years wandering the desert and laughter by the mirage
  • #69,669
  • Apr 25, 2014 7:46am Apr 25, 2014 7:46am
Quoting FXRobert
AUDUSD long start H4 nice support {image} {image}
Closed with not big profit, but I see potential price down. I waiting for re-entry.

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  • #69,670
  • Apr 25, 2014 8:00am Apr 25, 2014 8:00am
Quoting xiaotiao
Thanks for the system and TAH Classic short entry USDJPY. closed for 200 pips. {image}
Nice Job!

another GJ short -selling a double bottom on continuation Friday - pendings placed

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Entries in the wicks over and over **PVSRA rules!
  • #69,671
  • Apr 25, 2014 8:12am Apr 25, 2014 8:12am
USDJPY:

Interesting PVA on M1. Definately, the MMs are bulls, adding more longs below whole number.

Time will tell you, maybe i was wrong~

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  • #69,672
  • Apr 25, 2014 8:21am Apr 25, 2014 8:21am
Quoting WangXun
USDJPY: Interesting PVA on M1. Definately, the MMs are bulls, adding more longs below whole number. Time will tell you, maybe i was wrong~ {image}
Agree,

UJ - Super bullish
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Where do the Robber Bank MMs to placing their own bets on
  • #69,673
  • Apr 25, 2014 8:37am Apr 25, 2014 8:37am
Quoting FXRobert
EURUSD long. After open Frankfurt i see more buy {image}
Closed with nice profit. I wait what price do it. Save my money
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  • #69,674
  • Apr 25, 2014 9:05am Apr 25, 2014 9:05am
Quoting bubblo
{quote} Agree, UJ - Super bullish {image}
I see the opposite.. to me it looks like UJ are bears... they broke the whole number and price quickly moved back above it proceeding with tons of trading above the whole number and showing lots of bearish price action. Just my take.. I would be careful trying to long xxx/jpy pairs
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  • #69,675
  • Apr 25, 2014 9:50am Apr 25, 2014 9:50am
Quoting loeil
{quote} Actually I think it wasn't greed, it was typical mistake. Look at where you entered, in different circumstances your entry could be good entry but you missed one very important sign on the chart - VOLUME! You had opened short position and price started to fall but look what happened next, very high volume on support area and the most important thing is marked in red circle. Look at the reaction to this very high volume, bull candle immediately closes ABOVE the previous bear candle. This is not a sign of selling, this is a sign of buying....
Hi Loeil.
Was this a similar situation? Should I close the position in this place which I marked in yellow box?
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  • #69,676
  • Apr 25, 2014 10:10am Apr 25, 2014 10:10am
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Market stopped me out.
+107.70 pips gain.

Not a good trade, but I gain some knowledge.
Will try to avoid same mistake next time.
One thing about PVSRA, is an art that needs time to understand the beauty of it!

Have a nice weekend.
-AdrianC.
  • #69,677
  • Apr 25, 2014 10:22am Apr 25, 2014 10:22am
UCAD. last trade for the week. supper time
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  • #69,678
  • Apr 25, 2014 10:44am Apr 25, 2014 10:44am
GBPJPY. decided to exit with a loss.
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  • #69,679
  • Apr 25, 2014 10:58am Apr 25, 2014 10:58am
Quoting Tuffy
GBPJPY. decided to exit with a loss. {image}
interesting false setup, anyone could explain how can we avoid this?
  • #69,680
  • Apr 25, 2014 11:07am Apr 25, 2014 11:07am
Hello All. New to thread. Lots to learn. May take a while because I am TooSlow.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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