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Sonic R. System

  • #70,601
  • May 6, 2014 5:46am May 6, 2014 5:46am
My first try with Sonic R. System and look at this... ​

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  • #70,602
  • May 6, 2014 5:59am May 6, 2014 5:59am
Hello
Does someone has this indicator with working alert? Alert is on and alert.popup is on but but still doesn't give alert at all ( II_SupDemMOD_DarkBG_SolidFill)
The Market pays you to be disciplined
  • #70,603
  • May 6, 2014 6:00am May 6, 2014 6:00am
EU - bears. M5 full of weakness. M15, as soon as price rallied up, weakness appeared.

I have my shorts loaded there. Now just patience.
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Whatever is obvious is obviously wrong!"
  • #70,604
  • May 6, 2014 6:04am May 6, 2014 6:04am
Quoting loeil
EU - bears. M5 full of weakness. M15, as soon as price rallied up, weakness appeared. I have my shorts loaded there. Now just patience. {image} {image}
I am also short on EURUSD and GBPUSD ... I am climbing the walls ...jej much patience.

Regards
  • #70,605
  • May 6, 2014 6:06am May 6, 2014 6:06am
AUDUSD:

Trade hit TP for +23p and I am done for the day. Since testing a scalping strategy with Sonic R. System I have had an 85% win rate with profit trades double the size of loss trades. This is very important to notice Risk:Reward. Even if I have a 50% win rate I will still make money in the long run. This is helping me develop discipline within my money management. I will enter trades and set a hard SL of 13-15 pips and TP of AT LEAST 13 pips excluding the spread. So I add the spread to whatever my target is. Set and forget and go back to sleep. Don't mess with my stops and let the market decide what it's going to do. Only if the market is telling me otherwise, I will move my stop to BE. With PVSRA and classic entries I believe in the long run this will be very profitable.

Also note that these 7 trades were taken over the span of 2 weeks. I am starting to become very picky with my trades which is a good thing. Patience is key!

I'm not sure if this is considered scalping since I am only making very few trades with high probability.

Cheers and happy trading!
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  • #70,606
  • May 6, 2014 6:12am May 6, 2014 6:12am
UC

Large 12 pip gap down visible on 1m 5m 15m chart. does this lead one to believe that MM's are pushing price down with no volume to get to a premium buying area?
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  • #70,607
  • May 6, 2014 6:15am May 6, 2014 6:15am
Quoting wizz2014
{quote} Update: added two more shorts. Highlighted the areas I saw bearish interests. Please critique and let me know. thx {image}
Update 2: closed the GA (left the EA to run). Still get the sense that there is a strong bear still lurking in the background. Will look for retrace to enter again if possible.
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  • #70,608
  • May 6, 2014 6:17am May 6, 2014 6:17am
I've seen that many traders here are using supply/demand zones on their charts. They can be used to determine profit target or stoploss for example. As Sam Seiden explains on FXStreet, demand zones are defined by a drop-base-rally or a rally-base-rally price pattern, and supply zones are defined by a rally-base-drop or drop-base-drop price pattern. I won't go too much in detail and for people who doesn't understand they can google for "supply demand zone".

Sam is using those price patterns to identify an area where there was a lot of buying or selling and price action was so fast that some orders remain there and price is then likely to reverse if it reaches those zones later on. Those patterns are used, because many people say "there is no volume in Forex". We are here, because we all know that it's wrong and we are all using PVSRA to improve our analysis.

While I was reading the last few pages of the thread. I could notice a lot of charts where there was a sharp move upwards on very high volume, then a base is forming and then it is followed by a sharp move downwards on comparatively high volume too. Or the reverse, with first a sharp down move on high volume, a base, and then by a sharp up move on high volume.

I'm still learning PVRSA and really far from knowing all the volume patterns which can help us to read what the MM's are doing. But those area where there is a move in one direction on very high volume and then a move in the opposite direction on very high volume too are very good opportunities for a Classic Setup.
I'm trading only the Classic Setup and before entering a trade, I want those supply or demand zones to be tested. I want the zone to be tested before I think of entering a trade on the third leg of the Sonic Wave, when the price breaks through the Dragon.

Here are 3 charts to illustrate this. These are charts posted previously by other members; I've only added the supply/demand zone.

On the first chart, there is a drop with very high volume on down bars, a base and then a rally on very high volume on up bars. This demand zone is tested by the price and then price breaks upwards through the dragon and we can prepare our entry.

On the second chart, we have a rally with very high volume on up bars, a base, and then a drop on very high volume on down bars. This supply zone is then tested and we can look for our Classic Setup after the price broke below the dragon.

On the third chart, we have a drop on high volume, a base and then a rally on high volume. Here we can notice a rally-base-rally pattern forming during the upward move and you can see that this demand area was tested many times before the price moved higher.
It would be possible in this last case that the price pullbacks further to the demand zone at the bottom of the Wave. We never know. But we can be more confident that the trade will be successful if we see a retest of a supply or demand zone.
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  • #70,609
  • May 6, 2014 6:23am May 6, 2014 6:23am
Quoting dvarrin
I've seen that many traders here are using supply/demand zones on their charts. They can be used to determine profit target or stoploss for example. As Sam Seiden explains on FXStreet, demand zones are defined by a drop-base-rally or a rally-base-rally price pattern, and supply zones are defined by a rally-base-drop or drop-base-drop price pattern. I won't go too much in detail and for people who doesn't understand they can google for "supply demand zone". Sam is using those price patterns to identify an area where there was a lot of buying or selling...
Yes I have found that the supdem indicator has worked nicely.. I mean it may be a good tool to learn where to draw your own zones because I know I sometimes have a hard time noticing the zones.

I have been trading the retests of zones. Ie. short trades when price moves up and simulates a pump and dump. (High volume at the highs and right on the zone etc.) Vice versa for long trades.
  • #70,610
  • May 6, 2014 6:29am May 6, 2014 6:29am
Quoting dvarrin
I've seen that many traders here are using supply/demand zones on their charts. They can be used to determine profit target or stoploss for example. As Sam Seiden explains on FXStreet, demand zones are defined by a drop-base-rally or a rally-base-rally price pattern, and supply zones are defined by a rally-base-drop or drop-base-drop price pattern. I won't go too much in detail and for people who doesn't understand they can google for "supply demand zone". Sam is using those price patterns to identify an area where there was a lot of buying or selling...
dvarrin - thank you for this analysis, it will surely help a newbie like me!
  • #70,611
  • May 6, 2014 6:34am May 6, 2014 6:34am
Would've been a better result if I'd eaten my dinner in the office.
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  • #70,612
  • May 6, 2014 6:36am May 6, 2014 6:36am
Quoting loeil
USDCHF - bulls. Price came to support area on very high volume. Also there is a nice buying wick on M15. I don't take that, because I have 4 pairs opened for now. {image} {image}

Hi Loeil, I had been puzzling over something for a while now and hope that you can clear some light.
How do you differentiate a push down by short vs a accumulation by bulls.

I am asking this question because I would think MMs are longs. And on the flipside if we are wrong, the PA can be read as bearish as a push down and then continuation ... How do I clear my head of the doubts and get a clear idea whether MMs are long or short.
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  • #70,613
  • May 6, 2014 6:37am May 6, 2014 6:37am
Quoting billko1977
UC Large 12 pip gap down visible on 1m 5m 15m chart. does this lead one to believe that MM's are pushing price down with no volume to get to a premium buying area? {image}
What broker? I show no gap.
  • #70,614
  • May 6, 2014 6:38am May 6, 2014 6:38am
Quoting wizz2014
{quote} dvarrin - thank you for this analysis, it will surely help a newbie like me!
The key is to identify a move on very high volume in one direction and then a move from that area in the opposite direction on very high volume too. And then you look for a Classic Setup.

And then sometimes you don't know really if you can enter a trade after the dragon was touched and you don't know if it is actually the third leg of the Sonic Wave. In that case if the zone has already been tested, you can be more confident about your entry.
  • #70,615
  • May 6, 2014 6:45am May 6, 2014 6:45am
Quoting dvarrin
I've seen that many traders here are using supply/demand zones on their charts. They can be used to determine profit target or stoploss for example. As Sam Seiden explains on FXStreet, demand zones are defined by a drop-base-rally or a rally-base-rally price pattern, and supply zones are defined by a rally-base-drop or drop-base-drop price pattern. I won't go too much in detail and for people who doesn't understand they can google for "supply demand zone". Sam is using those price patterns to identify an area where there was a lot of buying or selling...
dvarrin,

I also commend you on a fine tutorial post. Your post, and others of this nature that explain the workings of the market are, are a fine contribution to this thread. On behalf of all Sonicers, thank you.

Sonicers,

If you don't mind, let me interject that when it comes right down to it, the Classic setup is the focus. When you can back track from one that is being created, and see such as dvarrin has outlined, or see other PVSRA indications that supports the Classic setup, then you have greater confidence the setup is the right one, in the right direction. And that means if the MMs subsequently whip or whack price to stop out traders, you will have a better idea of what to do about it. Again, it all comes down having a Classic setup at hand to start with. Verify it and trade, or pass on it.

-tah
  • #70,616
  • May 6, 2014 6:49am May 6, 2014 6:49am
Quoting traderathome
{quote} dvarrin, I also commend you on a fine tutorial post. Your post, and others of this nature that explain the workings of the market are, are a fine contribution to this thread. On behalf of all Sonicers, thank you. -tah
Thank you tah ;-)
  • #70,617
  • May 6, 2014 6:56am May 6, 2014 6:56am
Market Comment

There's been some whipin' whackin' already today. In just minutes the best whippin' whackers of all come to sit down at the table of the consortium of price manipulators,........The Round Table of Robber Banks.
  • #70,618
  • Edited 7:20am May 6, 2014 7:02am | Edited 7:20am
Quoting TaDaDa
{quote} Hi Loeil, I had been puzzling over something for a while now and hope that you can clear some light. How do you differentiate a push down by short vs a accumulation by bulls. I am asking this question because I would think MMs are longs. And on the flipside if we are wrong, the PA can be read as bearish as a push down and then continuation ... How do I clear my head of the doubts and get a clear idea whether MMs are long or short. {image}
patience is your key i will wait a confirm reversal before entering.. cant stand excited manipulation of MMs
  • #70,619
  • May 6, 2014 7:11am May 6, 2014 7:11am
I said I was done for the day but a classic long on GJ has presented itself with a good R:R

As you can see price found a bit of resistance just above MR2 and price was forced back down. Lots of volume following a retest of the trendline. Indication that MM's are bulls in the short term. I have a target of 27 pips at RDH. 15 Pip SL

Since studying PVSRA I have been able to refrain from entering the market when a move is close to ending and instead I am able to get in with enough breathing room to hit a target. It pays to be picky and patient!
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  • #70,620
  • May 6, 2014 7:19am May 6, 2014 7:19am
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GBPJPY, i see strong sell.
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