{quote} love the way you use RSI for enter, i personally using MACD(self modified) for better Classic entries. notice how High volume and MACD response are identical. sorry tah abit Out of topic.. happy pips-ing guys{image} {image}
- #72,462
- May 28, 2014 7:42am May 28, 2014 7:42am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #72,464
- May 28, 2014 7:48am May 28, 2014 7:48am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} feinan, Big Mistakes! Just for example, MACD peaks are caused by price moves -has nothing to do with volume at all! All indicators except volume are mathematical derivatives of price, and nothing more than that. No matter which side of the rock you climb up on, once you get to the top you see the same view. You do not need all that crap. You will lose your focus. This is not the way of the Sonic R. System. Your posts should teach others the proper application and management of the Sonic R. System trade. Please confine your posts to that....
t.me/LWBRfx Discord.io/LWBR
- #72,466
- May 28, 2014 7:51am May 28, 2014 7:51am
- Joined Mar 2011 | Status: Pip Boy Wonder | 1,378 Posts
- #72,467
- May 28, 2014 8:17am May 28, 2014 8:17am
- Joined Jul 2013 | Status: eat,sleep,pipping,repeat. | 14 Posts
{quote} feinan, Big Mistakes! Just for example, MACD peaks are caused by price moves -has nothing to do with volume at all! All indicators except volume are mathematical derivatives of price, and nothing more than that. No matter which side of the rock you climb up on, once you get to the top you see the same view. You do not need all that crap. You will lose your focus. This is not the way of the Sonic R. System. Your posts should teach others the proper application and management of the Sonic R. System trade. Please confine your posts to that....
Rules for SRS(SonicR System) :
a) see bias (whether the 89ema is above or below the dragon)
b) we prefer use stops rather than limit (buy stop/sell stop)
c) PVSRA to see MM direction (PA on the UHV)
Base on (c), does it mean that a hammer with UHV(ultra high volum) indicates that MM is buying heavily and expecting a bull run?
Base on (c), and does this mean that shooting star (inverted hammer) with UHV indicates MMs are bear?
Thanks! KAMAL
www.bawangarmy.com
- #72,468
- May 28, 2014 8:28am May 28, 2014 8:28am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #72,469
- May 28, 2014 8:38am May 28, 2014 8:38am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
Whatever is obvious is obviously wrong!"
- #72,472
- May 28, 2014 9:19am May 28, 2014 9:19am
- | Commercial User | Joined Aug 2013 | 2,935 Posts
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
- #72,474
- May 28, 2014 9:32am May 28, 2014 9:32am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #72,475
- Edited 10:47am May 28, 2014 9:55am | Edited 10:47am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} TAH, correct me i'm wrong. Rules for SRS(SonicR System) : a) see bias (whether the 89ema is above or below the dragon) b) we prefer use stops rather than limit (buy stop/sell stop) c) PVSRA to see MM direction (PA on the UHV) Base on (c), does it mean that a hammer with UHV(ultra high volum) indicates that MM is buying heavily and expecting a bull run? Base on (c), and does this mean that shooting star (inverted hammer) with UHV indicates MMs are bear? Thanks! KAMAL
kamal.yazid & All Sonicers,
Why do folks do what you are doing? Everybody wants a few simple rules that are absolutes! There is no way this will ever be so long as the market is controlled by the Robber Bank Market Makers and the Central Bank overseers.
PVSRA has been described as an art form. If you do not understand why, or if you do not understand the significance, then you need to read again, to think again, and to get your feet wet with PVSRA. In time you will come to understand the nature of non-absolutes associated with PVSRA, and because of that the uncanny ability of PVSRA to reveal the bias of the MMs as they perform their deceptions. Learn and remember the primary premise of PVSRA and always fit whatever clues are available into the Big Picture so that it all makes sense. At times when clues seem conflicting, or they do not make sense according to the Big Picture, we need to not be trading until that is rectified with additional price action and additional PVSRA clues.
Remember, we are not in a hurry here. Our PVSRA is an analysis performed on an ongoing basis and ahead of any Classic setup, so by the time a Classic setup occurs we should already have a good feel for if the Classic setup is in the right direction. If it is, and once the trade starts, we are also in a better position to know if to "fold, hold or add " should the MMs suddenly turn the price and start moving it against the trade.
Remember also, PVSRA is not intended as a trade entry method. Some here use it as such and some of those have good success picking tops and bottoms with it. However, this is not the Sonic R. System, which from its very start has been intended to provide an elegantly simple and effective - and low risk - trading method.
-tah
- #72,477
- Edited 11:45am May 28, 2014 10:51am | Edited 11:45am
- | Joined Apr 2014 | Status: Trader | 126 Posts
{quote} sorry but i have question, why make you enter long? the volume does not look exhausted, it still strong selling from H1 and H4 chart, im just curious, no offense.. {image} {image}
The 1 hr image you posted is all buying. Either short closing= buying or long opening = buying
EDIT: I am not giving trade recommendations. Just because there is buying here does not mean one should enter long. I was inferring from the chart that loeil posted as to the possible reason he went long here. Obviously no one except loeil can say for sure what he saw that led to his long entry. Please use your own analysis and judgment to determine trade direction. Of course this COULD go higher before it goes much much lower. The point is that NO ONE knows where price will go next. Please use some of your grey matter and think for yourself.
- #72,478
- Edited 11:20am May 28, 2014 10:57am | Edited 11:20am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} For me on every important thing to remember is that ALL strength is shown on down bars and ALL weakness is shown on up bars... The 1 hr image you posted is all buying. Either short closing= buying or long opening = buying {image}
That is a nice, "catchy" phrase, but it belies the sometimes very short term of effectiveness. This is becoming bearish, and retraces aside, this could start to go much, much lower.
It is not so good to put absolute faith into such simplistic "rules". The Deceiving & Thieving MMs will make a mockery of them whenever they want to. You believe this statement that strength is in down bars and that it means there is actually buying that is increasing, and this will lead to a price reversal? Do you really believe that is always the case? All the MMs have to do is keep pouring on the selling to keep driving down the price while "rule believing buyers" flock in to give the MMs liquidity for more shorting!
Sonicers, if you put your absolute faith into all the nicely coined terms and phrases used by the market, you will absolutely fail! This is not the way of Sonicers.
-tah
- #72,479
- May 28, 2014 11:01am May 28, 2014 11:01am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
USDCAD, Quick M5 scalp small +5.1 gain standard. Was not watching this one. Thanks for the heads up TAH
Regards,
Cigarguy
Regards,
Cigarguy
Keep It Simple
{quote} For me one very important thing to remember is that ALL strength is shown on down bars and ALL weakness is shown on up bars... The 1 hr image you posted is all buying. Either short closing= buying or long opening = buying EDIT: I am not giving trade recommendations. Just because there is buying here does not mean one should enter long. Please use your own analysis and judgment to determine trade direction as Tah states below. {image}
