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Sonic R. System

  • #81,501
  • Edited 11:34pm May 19, 2015 10:25pm | Edited 11:34pm
Quoting qFish
{quote} Hello Tah and fellow Sonic'ers, Our community here is something so valuable, as I enjoy everyone's input. I just wanted to get your inputs before I move on, as I feel I have begun to deviate from what is taught here in my own trading style that's unraveling. Tah/Sonic/Sonicers, I do implement the H4 dragon in my trigger for trade entries, but i feel that my style is no longer Sonic or PVSRA. Thus, although I don't mind posting and sharing my trades here, out of respect, I want to get your input on this. I don't want to lead other's astray...
qFish,

not that I understand what you are doing, but maybe it will come to me. So keep posting!

And you demonstrate a lot of patience!

Quoting qFish
{quote} Thank you Tah. You have always been a good friend to me here and a great teacher from which I have gained much valuable knowledge. I contribute only out of gratitude of what you have offered here. Yes, Sonic seems to be moving on with his own endeavors, but I don't blame him. He has contributed his fair share with the start of this thread itself. And then you and your relentless contributions that have exceeded above and beyond anyone by all means. And then other great contributors who have also shared their ideas and trading styles. We...
Agree!

Quoting traderathome
{quote} qFish, I hold nothing against Sonicdeejay for going commercial. It is the way he went commercial that I find objectionable. He is using the thread's great popularity, which occurred after his "absence" started in the later part of 2012, as a means of promoting himself. And it has gotten us tossed into the FF "Commercial Crapper". He damaged our ability to remain as effective as we were becoming in helping others, simply to promote his personal interests. He could have gone his way without doing this. Our prime purpose is we are a free outreach...
Agree!


qFish and Tah,

I agree with both of you.
I would like to add I find our community extremly important in many ways.
The results of great trading of many newcomers are well visible.
It is very nice to see different aproaches to trading (different styles), there is something for everyone here.
While posting here, we all develope better habits, learn to be patient, recognize our mistakes and can eventualy grow out of it.
And finnaly, stay relaxed while trading, what I find can also be very important.

So I will use this oportunity and thank each and every contributor here!

EURUSD:
It looks like USD is acting dead infront of the news..
Attached Image (click to enlarge)
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This can be very interesting day..
Very usefull indi- trigering alarmbells..
PVSRA
  • #81,502
  • May 19, 2015 11:50pm May 19, 2015 11:50pm
AUDJPY Long trade open/close

Yesterday I saw that the price had made a higher high and at the time MM’s where closing shorts.
First error, because they were doing this above half level.
Then MM’s took down the price and I started stacking on the wrong side.
At LO close I was face with a drawdown.
But then again I saw that price went above half level so I decided to have patience like you thought here.
Finally it has paid off from a drawdown to positive.
Attached Image (click to enlarge)
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  • #81,503
  • May 20, 2015 1:25am May 20, 2015 1:25am
EURO/USD Outlook..

After great falls on yesterday, EU endured on ranging area. I think, every ranging area (AKA consolidation area) is a very important area to be noticed.This area will be decisive how the next movement of the market. Another important thing is that the price is below the whole and half number, then stop for sometimes till now.
Based on my PVSRA outlook; i found some signs that I think need to be considered. At poin 1,2,3; price fall to the lower area with high activity (relatively expand) and then moving up again with low activity to the higher area. the haigher level area created resistance level on that ranging. While the price on ranging, and we got some signs of price movement with low volume activity near the resistance (after huge activity on the lows); i assume it as a "buying test". Note, that this assume is just my hypothesis for a while. it will confim clearly if we got sign of bullish activity with increasing volume on rallies, then break the resistance with a relative huge volume and wide spread bar.
The question is: if the market prepare for bullish continuation after their falls on yesterday, why the first indication of "buying test" not followed with huge volume (on this case)?? We all know that MMs is a great robber, they are so smart, they have all data needed to deceive the retailers. Certainly, this great robber do not want to be followed by the hogs. They created some trick to fools the hogs, so they could slaughter the hogs. This is why, on the first scheme of this buying test the volume decrease. If the time has arrived, that robber will move the price break the resistance with huge volume, the retailers are stuck and slaughtered especially the weak holders "shorts".
In other case, sometimes, before MMs start their trully bull movement, they push the price to the lows break the support with high activity; its called "spring test"; bar closed near high or closed high; in other case the bar closed on lows then followed by up moving enter the ranging area again. this "spring test" none other than intended to sucking the shorts "panic trader/ panic seller". If it happen, it could be "sign of strenght.
** But if, the price fail to enter the ranging area after the "spring", it could be that the falls broke the support is not "spring test", and it could be the market on bearish continuation.
## So, what should we do?? Just wait n see patiently till the price break the upper resistance of this ranging area. Or, just wait the bouncing. (we can also breakdown to the lower TF to hunt setup opportunities) -- If we wanna longs.
If it bearish continuation, i will wait for the pullback if necessary.
Maybe LS will give us more clues to act..
Note: its all about "market reading", not execution plan.
Plan your trade - and trade your plan
All comment are welcome....
_MJ
Attached Image(s) (click to enlarge)
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"Bulls make money, Bears make money, but hogs get slaughtered"
  • #81,504
  • May 20, 2015 2:04am May 20, 2015 2:04am
Quoting MisterG
{quote} Proper stacking , dragon below the trend , price below both , volume increasing at the highs ( after one of them Era went short, you can see that just before he entered , price went back to the dragon , with volume spike as well. Take care.
Dear MisterG,

ur the best ! xD

Learning in progress though.

Best Regards,
...
  • #81,505
  • May 20, 2015 2:44am May 20, 2015 2:44am
Quoting Mauro-J
EURO/USD Outlook.. After great falls on yesterday, EU endured on ranging area. I think, every ranging area (AKA consolidation area) is a very important area to be noticed.This area will be decisive how the next movement of the market. Another important thing is that the price is below the whole and half number, then stop for sometimes till now. Based on my PVSRA outlook; i found some signs that I think need to be considered. At poin 1,2,3; price fall to the lower area with high activity (relatively expand) and then moving up again with low activity...
On M15 TF, sign of strenght occure. Lets see what next...
Attached Image (click to enlarge)
Click to Enlarge Name: EU M15 20 Mei update.png Size: 24 KB
"Bulls make money, Bears make money, but hogs get slaughtered"
  • #81,506
  • May 20, 2015 2:47am May 20, 2015 2:47am
Quoting Mauro-J
{quote} On M15 TF, sign of strenght occure. Lets see what next... {image}
I think we wait next 10 hrs.
The only pair having potencial to trade is maybe
GBPCAD:
Attached Image (click to enlarge)
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But I'll wait for high impact news coming in 40 min.

Any toughts?
PVSRA
  • #81,507
  • Edited 3:02am May 20, 2015 2:50am | Edited 3:02am
Quoting traderathome
EURUSD Long Trade Re-open: Still the price is being kept below the half level, a previous place for the MMs to "gather longs" to fill SM long orders. I should not have used a mechanical stop loss on the first trade attempt. I suspected the MMs might work the price lower in after hours trading. It was foolish to use a SL they could easily hit. In any case, this appears bullish. What will be interesting to look for is if the MMs ram the price up thru the half number and enough higher to keep anxious longs that have been holding out in hopes price...
EURUSD Long Trade Closed:

Stopped out for loss of 251.3 pips average, 502.5 pips total loss. Three horrible trades in a row. Always holding. Gupito will have my head. Well, maybe he can do more with it than I seem to be able to.
Attached Image (click to enlarge)
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  • #81,508
  • May 20, 2015 2:53am May 20, 2015 2:53am
Quoting traderathome
{quote} EURUSD Long Trade Closed: Stopped out for loss of 251.3 pips average, 502.5 pips total loss. {image}
Gee, stoped out on the border..
But still, better to wait what kings of manipulation show us next..

GBPCAD:
Somebody sure did a lot of work to bring it up everytime it dropped..
Attached Image (click to enlarge)
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PVSRA
  • #81,509
  • May 20, 2015 2:58am May 20, 2015 2:58am
Quoting Fisher755
{quote} I think we wait next 10 hrs. The only pair having potencial to trade is maybe GBPCAD: {image} {image} But I'll wait for high impact news coming in 40 min. Any toughts?
For a while, i just watching and learning how to reading the market with pure PVSRA. My last post (EU) is not for trading plan intending, its just for learning together to build up our skill and knowledge of market reading by PVSRA. thats why i turned off the EMA.
GBPCAD, for now i dont have any idea. Maybe next time i'll comment for that pair (GC), i need to read it first..
"Bulls make money, Bears make money, but hogs get slaughtered"
  • #81,510
  • May 20, 2015 3:15am May 20, 2015 3:15am
Quoting Mauro-J
{quote} For a while, i just watching and learning how to reading the market with pure PVSRA. My last post (EU) is not for trading plan intending, its just for learning together to build up our skill and knowledge of market reading by PVSRA. thats why i turned off the EMA. GBPCAD, for now i dont have any idea. Maybe next time i'll comment for that pair (GC), i need to read it first..
It is great post, Mauro-J!

[quote=traderathome;8272941]{quote} EURUSD Long Trade Closed: Stopped out for loss of 251.3 pips average, 502.5 pips total loss.

"Three horrible trades in a row. Always holding. Gupito will have my head. Well, maybe he can do more with it than I seem to be able to."

The same here. Still holding NZDUSD Long trade in nice red.

And like qFish says: Doing the same thing over and over again...
PVSRA
  • #81,511
  • May 20, 2015 3:35am May 20, 2015 3:35am
Well..

I am still here,,,

Just bz as usual,,,





Sonic
  • #81,512
  • May 20, 2015 7:39am May 20, 2015 7:39am
USDCHF short opportunity
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFM5.png Size: 60 KB

G.
Man lie, woman lie, numbers don't
  • #81,513
  • May 20, 2015 8:11am May 20, 2015 8:11am
CLASSIC LONG EP? Entry before news tho
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15 20.5.15.png Size: 62 KB
trading alone is lonely
  • #81,514
  • May 20, 2015 8:13am May 20, 2015 8:13am
Inserted Video





GJ show very interesting set.. It is not so bearish anymore..

Mkt has to stay below 187.80x to see bears are back in control...


Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 101 KB
  • #81,515
  • May 20, 2015 9:31am May 20, 2015 9:31am
Quoting Fisher755
{quote} NZDUSD Long Trade Update: Not adding anymore, there are bothway plays on the table again. In such cases I try to train myself to enter 5-7 min after the news, momentum is still there, and manipulation most of the times finished, but we never know.. {image} It is only 40 more min waiting now.. No H&S today, G.??
NZDUSD Long Trade Closed:
Closed for 1417 pips total loss.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM15 LOSS.png Size: 83 KB



Learned in a hard way not to add to a red trade and to cut loosers fast..
Next time.

Quoting traderathome
{quote} EURUSD Long Trade Closed: Stopped out for loss of 251.3 pips average, 502.5 pips total loss. Three horrible trades in a row. Always holding. Gupito will have my head. Well, maybe he can do more with it than I seem to be able to. {image}
Seems to me , Tah, this "Copy-Paste wish" worked out well...
PVSRA
  • #81,516
  • May 20, 2015 10:13am May 20, 2015 10:13am
GBPJPY Long trade Open:
TP and SL set, if neither is hit before FOMC, I Will close manualy.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15 20.5..png Size: 68 KB
PVSRA
  • #81,517
  • May 20, 2015 10:17am May 20, 2015 10:17am
Quoting MisterG
USDCHF short opportunity {image} G.
MM's and SM waited to load up longs just at the intervening low of this double top , where DM and I predicted short... fortunately I am long now. Always remember to check your analysis with a bigger TF ! RDH seems the most accurate target , classic price action approach is a little too far-fetched in this case , like 0,96 , c'mon price action , gimme a break. Like TAH always says , we can't know what will happen with those scumbags banksters on board.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH4.png Size: 56 KB

G.
Man lie, woman lie, numbers don't
  • #81,518
  • May 20, 2015 10:27am May 20, 2015 10:27am
Quoting Mauro-J
{quote} On M15 TF, sign of strenght occure. Lets see what next... {image}
EURO/USD update:
Finally - couldnt resist the temptation to jump.
EU short trades opened....
On this chart i keep to turned off the dragon (EMA) , just for research and learning purpose to read the market with PVSRA and try to get an alternative way to execute the trade without dragon. And the other one (my other acc), i short too with the usual template..
I dont know how it would end. Just have two option; blue or red...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EU H1 20 Mei 2015 update.png Size: 32 KB
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"Bulls make money, Bears make money, but hogs get slaughtered"
  • #81,519
  • May 20, 2015 10:29am May 20, 2015 10:29am
Quoting Fisher755
GBPJPY Long trade Open: TP and SL set, if neither is hit before FOMC, I Will close manualy. {image}
GBPJPY Long Trade Closed:
PA no good- enough trades for me today. 96 pips total gain.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15 no good.png Size: 66 KB
PVSRA
  • #81,520
  • Edited 11:49am May 20, 2015 11:38am | Edited 11:49am
Quoting Fisher755
{quote} GBPJPY Long Trade Closed: PA no good- enough trades for me today. 96 pips total gain. {image}
GBPJPY Long Trade Open:

PVSRA based. MMs have taken price to previous highs above half number and have most recently been dropping price down thru it. And the area below the half number is a previous consolidation area. I presume the consolidation was MMs filling SM long orders. I presume the run down yesterday was the MMs stop hunting those longs. They manufactured a nice 100+ pips drop in order to stop out a good number of those SM long orders they filled earlier. With two GBP high impact releases followed by two JPY high impact releases coming, all within the next day and a half, there should be more price movement. MY trade is long because I can see the possibility the MMs will drive the GBP up using the GBP releases as the trigger. Then the later JPY releases might be the trigger for a reversal. The RWH area looks like a likely target for the MMs to push this up to before any reversal.
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