Whatever is obvious is obviously wrong!"
- #70,961
- May 9, 2014 1:45am May 9, 2014 1:45am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
- #70,963
- May 9, 2014 1:50am May 9, 2014 1:50am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
EU - banked 2627 pips I think this was my best building.. still room to improve! {image}
Whatever is obvious is obviously wrong!"
{image}
- #70,966
- May 9, 2014 1:53am May 9, 2014 1:53am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
GBPNZD Short Trade Opened:
Entered short #1, Classic. Trend is angling down. Dragon is angled down and has crossed below Trend. PA is below both. Still, in spite of this seemingly good setup, it is Friday and besides that, the robber banks might just whippy whacky this in a range today. We cannot know how price will move. This is a chance for a bit of profit, or an opportunity to exercise good money management if it goes sour. Time will tell.
-tah
Entered short #1, Classic. Trend is angling down. Dragon is angled down and has crossed below Trend. PA is below both. Still, in spite of this seemingly good setup, it is Friday and besides that, the robber banks might just whippy whacky this in a range today. We cannot know how price will move. This is a chance for a bit of profit, or an opportunity to exercise good money management if it goes sour. Time will tell.
-tah
- #70,967
- May 9, 2014 1:59am May 9, 2014 1:59am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
{quote} Great as always, rush me and closed my positions yesterday. The GBP continues its descent ..
Whatever is obvious is obviously wrong!"
- #70,969
- May 9, 2014 2:17am May 9, 2014 2:17am
{quote} AUDUSD: There is now a 1st wave leg up thru the Dragon, and a complete though less desirable wave if you start with the previous move up that did not go thru the Dragon. However, this could turn out to be a 1st retrace in a new trend down. It might be best to wait and see what happens with this move up and with the USD release later.
if i had 10 pips greater SL, it will be good trade probably as yours. Im jealous - #70,972
- May 9, 2014 2:27am May 9, 2014 2:27am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Sonic R. System, Classics, Scouts, PVSRA, and Position Building
Sonicers,
Here it is in a nutshell, the history and the concluding recommendation.
The Sonic R. System is the Classic trade. In 2012 Master Sonicdeejay introduced a trade termed "Scout" intended to take advantage of reversal moves that could follow a strong move terminating in high volume, but some PA confirming a reversal move (such as sequence of HLs) must first occur. PVSRA came in 2013, and with it came "free flying" Scouts (almost any trade opportunity that PVSRA seemed to support). And with it too, came position building, which in reality was the by-product of Scout after Scout after Scout, while PA went in the wrong direction!
And to this, Master Sonicdeejay exhorted, "Why not build when price is moving your trade in the trade direction?", which you have to admit is a shit load of wisdom in one sentence!
However, a lesson learned from PVSRA is just how prolific are the robber banks in whipping and whacking prices to stop out "right side" trades. No matter how good a Classic setup looks, it has nothing to do with whether or not the robber banks are going to play games with prices before allowing the trade to progress. We have to accept this and be prepared to "hold or fold" our trade when the robber banks whip and whack prices following our entry. That decision can be made easier by having done a proper PVSRA.
So, back to Scouts. We use Scouts to build our trade when our trade is "green", before and after any whips and whacks, but not during them when the trade is "red" because we cannot know how price will move next.
Hope this summary helps each of you with your trading, and reminds you of the type of trades most desired to be posted here so as to make this thread a better text book of the Sonic R. System. If you are appreciative of what you gain from this thread, please support the goal of the thread.
-tah
Sonicers,
Here it is in a nutshell, the history and the concluding recommendation.
The Sonic R. System is the Classic trade. In 2012 Master Sonicdeejay introduced a trade termed "Scout" intended to take advantage of reversal moves that could follow a strong move terminating in high volume, but some PA confirming a reversal move (such as sequence of HLs) must first occur. PVSRA came in 2013, and with it came "free flying" Scouts (almost any trade opportunity that PVSRA seemed to support). And with it too, came position building, which in reality was the by-product of Scout after Scout after Scout, while PA went in the wrong direction!
And to this, Master Sonicdeejay exhorted, "Why not build when price is moving your trade in the trade direction?", which you have to admit is a shit load of wisdom in one sentence!
However, a lesson learned from PVSRA is just how prolific are the robber banks in whipping and whacking prices to stop out "right side" trades. No matter how good a Classic setup looks, it has nothing to do with whether or not the robber banks are going to play games with prices before allowing the trade to progress. We have to accept this and be prepared to "hold or fold" our trade when the robber banks whip and whack prices following our entry. That decision can be made easier by having done a proper PVSRA.
So, back to Scouts. We use Scouts to build our trade when our trade is "green", before and after any whips and whacks, but not during them when the trade is "red" because we cannot know how price will move next.
Hope this summary helps each of you with your trading, and reminds you of the type of trades most desired to be posted here so as to make this thread a better text book of the Sonic R. System. If you are appreciative of what you gain from this thread, please support the goal of the thread.
-tah
- #70,973
- May 9, 2014 2:30am May 9, 2014 2:30am
- Joined Jan 2013 | Status: Trader | 1,107 Posts
EC & UC Started short trades. {image} {image}
Still, profit is profit
I know the secret...
- #70,974
- May 9, 2014 2:31am May 9, 2014 2:31am
- Joined Jan 2013 | Status: Trader | 1,107 Posts
I know the secret...
- #70,975
- May 9, 2014 2:33am May 9, 2014 2:33am
- Joined Jan 2013 | Status: Trader | 1,107 Posts
{quote} NZDUSD Closed short and currently re-building short againStill I'm counting on next deeper down move
Closing this one too as I have no time to monitor.
I know the secret...
- #70,976
- May 9, 2014 2:40am May 9, 2014 2:40am
- Joined Jan 2013 | Status: Trader | 1,107 Posts
{quote} I'm waiting for rewersal "little" lower (my TP)Check out current monthly candle
Took profits earlier, cause I too saw bulls taking temporarily control.
Now starting short again EP #1 early Classic Sonic R entry
Longer term position building hopefully... Reasons; monthly chart +PVSRA on timeframes 4h to 1m and 1h as example here:
I know the secret...
- #70,980
- May 9, 2014 2:52am May 9, 2014 2:52am
- | Commercial User | Joined Jul 2012 | 2,049 Posts
Sonic R. System, Classics, Scouts, PVSRA, and Position Building Sonicers, Here it is in a nutshell,.......... We use Scouts to build our trade when our trade is "green", before and after any whips and whacks, but not during them when the trade is "red" because we cannot know how price will move next.......
No disrespect but,
This is interesting TAH, because i see most of the Sonic pro's adding scouts when in the "red". Then adding more as it goes against them even further.
Eventually profiting.
Humbly Yours,
Allisonmagic