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Sonic R. System

  • #70,161
  • May 1, 2014 4:18am May 1, 2014 4:18am
Quoting FXRobert
{quote} . The truth is such that PVSRA affects every TF Why I entry GBPUSD for newbie {image}
Thanks for the explanation FXRobert. It's good to see traders outlining the reasons they enter a trade rather than just posting profits.

BTW, why does it seem like most everyone is stating their profits in "pips" and quoting the "fractional" pip in their count... ie. "I just closed 8 positions for total pips 1500", when really they didn't earn 1500 pips... but the actual profit was 150 pips. It was just a bit confusing to me at first, but I'm kinda used to it now, still seems a little misleading though.
  • #70,162
  • Edited 8:42am May 1, 2014 4:25am | Edited 8:42am
Quoting Jaymocha
{quote} Thanks for the explanation FXRobert. It's good to see traders outlining the reasons they enter a trade rather than just posting profits. BTW, why does it seem like most everyone is stating their profits in "pips" and quoting the "fractional" pip in their count... ie. "I just closed 8 positions for total pips 1500", when really they didn't earn 1500 pips... but the actual profit was 150 pips. It was just a bit confusing to me at first, but I'm kinda used to it now, still seems a little misleading though.
Then I put my example too Classic M1
Do not forget other TF analysis!
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Check your emotions. How are you?
  • #70,163
  • May 1, 2014 4:29am May 1, 2014 4:29am
Quoting Repsaj
{quote} Then I put my example too Classic {image}
Repsaj,

When posting a trade, please use the SonicR Trade Levels indicator, and when posting a closed trade please be sure the PL label is shown.
  • #70,164
  • May 1, 2014 4:30am May 1, 2014 4:30am
Quoting Jaymocha
{quote} Thanks for the explanation FXRobert. It's good to see traders outlining the reasons they enter a trade rather than just posting profits. BTW, why does it seem like most everyone is stating their profits in "pips" and quoting the "fractional" pip in their count... ie. "I just closed 8 positions for total pips 1500", when really they didn't earn 1500 pips... but the actual profit was 150 pips. It was just a bit confusing to me at first, but I'm kinda used to it now, still seems a little misleading though.

very good point. i will personally apologize for not showing my reasoning behind my trade..

here's my reasoning behind this one :

I see high volume, and nice pins around the 1.9575 technical level. I also noticed it was previous short term support, and the MMs were bringing price back to this level multiple times just before a news release. i figured they want to keep it low for building long positions ( even if it's just temporary ) or to spike it up in order to add more shorts. I took advantage of this short term spike by realizing that the news release was coming out and this technical level being hit multiple times with heavy volume, so i took the trade. At this point it's showing not many buyers at the whole number at 96000 so i took profit.


Hope that clarifies my trade for you and all the new sonicers ! i am very very new, so i can understand completely !
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  • #70,165
  • Edited 4:59am May 1, 2014 4:36am | Edited 4:59am
Quoting traderathome
{quote} Repsaj, When posting a trade, please use the SonicR Trade Levels indicator, and when posting a closed trade please be sure the PL label is shown.
I tried to do it but do not go all trades and also did not fit well in the chart.
Sorry, I do every time is fine, but when not fit, turn to Metatrader.
My TRADE EXPLORER is public, so everyone can see.
Check your emotions. How are you?
  • #70,166
  • May 1, 2014 4:45am May 1, 2014 4:45am
Quoting Repsaj
{quote} I tried to do it but do not go all trades and also did not fit well in the chart. Sorry, I do every time is fine, but when not fit, turn to Metatrader.
Repsaj,

If you are using MT4, which I presume you are, you have no problems with the Trade Levels indy. You only need to be sure the PL label shows when posting a closed trade. If it does not show, then scroll your chart to diminish the height of the chart. Or, you can enter the External Inputs and change the "30" pips default offset from the closed trade price to some smaller number of pips offset. Experiment with this setting. You can even make it a negative number.

When trading (not posting) you can simply enter the External Inputs and turn the indy off if you don't want to see it. Just be sure you turn it on so that it appears in your posts from now on.

-tah
  • #70,167
  • May 1, 2014 4:46am May 1, 2014 4:46am
Quoting allisonmagic
{quote} very good point. i will personally apologize for not showing my reasoning behind my trade.. here's my reasoning behind this one : I see high volume, and nice pins around the 1.9575 technical level. I also noticed it was previous short term support, and the MMs were bringing price back to this level multiple times just before a news release. i figured they want to keep it low for building long positions ( even if it's just temporary ) or to spike it up in order to add more shorts. I took advantage of this short term spike by realizing that...
Thank you for that update! Please don't think I was trying to single any person out... it truly is nice to see when people make profit using this system. It's refreshing and encouraging, but it's definitely nice to see the reasoning behind it as well so that "newbs" like myself can start to pick up on the techniques of the more experienced.
  • #70,168
  • Edited 5:35am May 1, 2014 4:55am | Edited 5:35am
Quoting Jaymocha
{quote} Thanks for the explanation FXRobert. It's good to see traders outlining the reasons they enter a trade rather than just posting profits. BTW, why does it seem like most everyone is stating their profits in "pips" and quoting the "fractional" pip in their count... ie. "I just closed 8 positions for total pips 1500", when really they didn't earn 1500 pips... but the actual profit was 150 pips. It was just a bit confusing to me at first, but I'm kinda used to it now, still seems a little misleading though.
Jaymocha,

I cannot speak for those postings that do not display our Trade Levels indicator, but for those postings that do, there is nothing misleading!

Pips can be valued at $0.10, or $1.00, or $10.00 (MOL), depending on if the trader is trading in micro, mini, or full lot "units". The traded pip value (the "unit" type traded) does not affect the number of pips displayed, because the number of pips displayed is based on the chart pips distance between entry and exit price, and the number of "units" traded. Any averaging required for multiple entries and for different numbers of "units" at entries is fully accounted for.

So, the number of pips displayed is accurate. However, as a post viewer, you don't know if each pip is worth ten cents, a dollar or ten dollars (MOL), and you won't know unless the user chooses to display the actual monies PL, which is discouraged here. This is intentional so that the trader can maintain privacy of account size and trade size, and so that post viewers can relate to every posted pips P/L in terms of their own financial status. If you read Post #1 you will understand more about this.

If you want to complain, complain only that every Sonicer does not yet use this indicator, which they should because it helps them manage their trade and it removes any doubt about pips gain or loss on a trade.

-tah
  • #70,169
  • May 1, 2014 4:56am May 1, 2014 4:56am
TAH, lately you no public entry "scouts", no? only suggest the "clasics", why?

Regards.
  • #70,170
  • Edited 5:23am May 1, 2014 4:59am | Edited 5:23am
there are always opportunities in the market, i'm keeping myself up for these because i can't sleep these are my personal trades, i do not advise anyone to take any part of these if you are not completely sure of what you are doing.

since we have yellen and more USD data coming out in a couple hours, i'll be keeping my eye on the cross with the highest range for maximum potential profit taking. I singled out NZDUSD at 62 pip range. here's what i'm watching LIKE A HAWK.


since there is low volatility, i'll be watching these news releases for opportunities.


NZDUSD topping out around the 8625 area, we still have a few hours to go, but it doesn't seem like any serious buyers around that area, so i'll be looking for shorting opportunities down to the RDL which happens to be a 50 - 618 Fib retracement. Of course only time will tell so i'll keep a close eye on this trade. MMs already know what they want to do a good amount of time in advance. so if they show their hand early, you should know thanks to the Sonic R. System
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  • #70,171
  • May 1, 2014 5:06am May 1, 2014 5:06am
Quoting traderathome
{quote} Jaymocha, I cannot speak for those postings that do not display our Trade Levels indicator, but for those postings that do, there is nothing misleading! Pips can be valued at $0.10, or $1.00, or $10.00 (MOL), depending on if the trader is trading in micro, mini, or full lot sizes. This does not affect the number of pips displayed, because the number of pips displayed is based on the chart pips distance between entry and exit price, and the number of "units" traded (which can be in size micro, mini or full). And any averaging due to multiple...
Thanks for the reply tah. I do understand that pips are valued based on the lot size traded, I was referring to the fact that (and Metatrader does this too and calls them "points"), positions are shown with the pip size counting the "fractional" pip position...
For example, I am currently in a trade worth 614 points according to MT4, but that's 61 pips, not 614 pips. So i was just curious why some people are reporting it the way they do, rather than just reporting the true pip count.

I Googled it a while ago and it seems that MT4 will not put a decimal in the profit when showing points to set apart the full pips digits from the 1/10 pip digit.
  • #70,172
  • May 1, 2014 5:12am May 1, 2014 5:12am
Quoting allisonmagic
there are always opportunities in the market, i'm keeping myself up for these because i can't sleep these are my personal trades, i do not advise anyone to take any part of these if you are not completely sure of what you are doing. since we have yellen and more USD data coming out in a couple hours, i'll be keeping my eye on the cross with the highest range for maximum potential profit taking. I singled out NZDUSD at 62 pip range. here's what i'm watching LIKE A HAWK. since there is low volatility, i'll be watching these news releases for opportunities....
Nice place
H4 fibo 50% strong resistance
Attached Image (click to enlarge)
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M5 nice reaction
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  • #70,173
  • May 1, 2014 5:42am May 1, 2014 5:42am
Quoting Jaymocha
{quote} Thanks for the reply tah. I do understand that pips are valued based on the lot size traded, I was referring to the fact that (and Metatrader does this too and calls them "points"), positions are shown with the pip size counting the "fractional" pip position... For example, I am currently in a trade worth 614 points according to MT4, but that's 61 pips, not 614 pips. So i was just curious why some people are reporting it the way they do, rather than just reporting the true pip count. I Googled it a while ago and it seems that MT4 will not...
Jaymocha,

We don't concern ourselves with "points", just the real pips distance between entries and exits. You take our pips PL and multiply it by the proper pip value based on the unit type traded and you will get exactly what the MT4 account states. The indy provides the trader the option to hide the pip value for reasons of privacy. This is all that is needed. Anything and everything else is a waste of time.

-tah
  • #70,174
  • May 1, 2014 6:04am May 1, 2014 6:04am
Quoting VictorFF
TAH, lately you no public entry "scouts", no? only suggest the "clasics", why? Regards.
The Sonic R. System is the Classic trade. Scouts are best applied in support of a running Classic trade, when the trade is in the green, running as planned, and a retrace occurs. You will see more Scouts after I enter more Classics.

-tah
  • #70,175
  • May 1, 2014 6:24am May 1, 2014 6:24am
Can someone please help me with PVSRA. GU m1: Price is above 1.6900 but well there is both red and green volume and I can say which one is more or less. What is the clue to say MMs are bulls or bears? This is the most difficult task in Sonic trading. (The first big volume is news, I dont wont to count)
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #70,176
  • May 1, 2014 6:37am May 1, 2014 6:37am
Quoting traderathome
{quote} PVSRA on M1? No one should receive news of such analysis with surprise. Here is from the post releasing our indicators...... "The M1 chart is excellent for spotting if higher trading activity is occurring at highs or lows. The M1 chart does not reveal the status of MMs continuously due to times of conflicting signals. However, when the MMs activity will provide clues, they will stand out in real-time best on the M1 chart." Anyone finding new the concept of viewing the M1 chart for PVSRA input to use in their...

TAH,

My post was prompted by PM's received from traders in re: M1 analysis providing such MM clues as stated above.

Regards,
Cigarguy
Keep It Simple
  • #70,177
  • May 1, 2014 7:37am May 1, 2014 7:37am
Quoting allisonmagic
there are always opportunities in the market, i'm keeping myself up for these because i can't sleep these are my personal trades, i do not advise anyone to take any part of these if you are not completely sure of what you are doing. since we have yellen and more USD data coming out in a couple hours, i'll be keeping my eye on the cross with the highest range for maximum potential profit taking. I singled out NZDUSD at 62 pip range. here's what i'm watching LIKE A HAWK. since there is low volatility, i'll be watching these news releases for opportunities....
NZD/USD

I Entered already 2 scouts and 1 classic now

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  • #70,178
  • May 1, 2014 7:46am May 1, 2014 7:46am
Quoting FXRobert
USDJPY long small orders with SL. I see potential long but possible price down before. {image}
USDJPY closed with small profit but for me not clear after news. Save my money
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  • #70,179
  • May 1, 2014 7:47am May 1, 2014 7:47am
Quoting FXRobert
{quote} USDJPY closed with small profit but for me not clear after news. Save my money {image}

good work

i freakin love this system !
  • #70,180
  • Edited 2:12pm May 1, 2014 8:08am | Edited 2:12pm
Quoting allisonmagic
{quote} good work i freakin love this system !
allisonmagic,

Yes indeed. Most traders have visited about every thread here at FF, lost money and are ready to quit FX. Joined this thread, dumped indicators, squiggly lines and other lagging crap on their charts, installed the Sonic R indicators and templates, become a student of PVSRA and have a renewed interest in FX and finally make money. Sound familiar? Honk your horn if this applies!

Regards,
Cigarguy
Keep It Simple
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