PVSRA (Price, Volume, S&R Analysis)

GBPCAD LONG TRADE

XAUUSD - Projection for the Day.

Today, we received CAD news that could be used as an excuse to move gold due to fractional disparity. Early in the morning, I made a projection for the day by noticing the patterns mentioned in the chart. A third hit to the low could fit well as a trap for retail traders, given that they would be confident due to the 50EMA angle.

I took my first entry on the retracement to the 50 after the second push, expecting the final trap to develop and anticipating one final push that would commit retail traders to go short and fulfill a last set of SM orders below the 2K mark.

I closed my trade during momentum since this trade is probably going to reverse and fast given that the trap is set. Now comes the second part of the projection. If I am correct and they reverse, they are going to do it fast. Therefore, it is pretty likely that my accuracy for the long trade is not going to be optimal, so I place the minimum size trade that would lose me a small percentage of my account even if I'm wrong.

The trade finally reversed and broke the 50 EMA. At this point, I'm happy with what I've taken, even though the trade could go much higher. So I just closed the trade on my live account and let the trade run on my demo account, happy days.

Mad love to everyone.
RedLynx

Attached Image (click to enlarge)

GBPJPY - Short trade

Today I wanted to show this play and let it be an exercise for the reader.

Watch what happens after an extended move prints 2 vector candles in the opposite direction followed by a confirmation candle, go back in history and study this play using the 1-hour timeframe.

My exit should have been at the pin of the purple vector candle on the 50 EMA, couldnt be at the charts to close the trade, so it is what is is.

Mad Love to everyone
RedLynx

EURJPY SHORT TRADE

EURJPY SHORT TRADE

GBPUSD SHORT TRADE

Hi Tah, will the PVSRA Indicator eventually become to be downloadable in MQL5 language? Thanks.

PVSRA is NOT an indicator! Geez!

PVSRA is a method for deciphering market bias. The PVSRA template uses multiple indicators, including the sole indicator that is NOT a derivative of price.

No decision has been made to code the indicators in MQL5, inasmuch as there seems to be no gain to do so. If the time comes that there is a worthy gain, and someone to recode without charge, then we might do so.

BTCUSD Short Trade

XAU/USD Short Trade

USDCAD LONG TRADE

EURUSD Short Trade

Attached Image (click to enlarge)

EURJPY SHORT TRADE

When Bias is NOT stacked with Dragon and is close in to the Dragon, it is an extended BO/EP. When it is distant from the Dragon it is often a target area/TP.........

GBPCAD LONG TRADE

When Bias is NOT stacked with Dragon and is close in to the Dragon, it is an extended BO/EP..........

XAU/USD Long Trade

AUDJPY SHORT TRADE

TVT20 exit.....

EUR/USD Long Trade

EURGBP SHORT TRADE

EURGBP SHORT TRADE #2

Trading the frankfurt/london session with tick volume from the trading levels. All thanks to this template. Have to admit i deleted IB and VP to keep it clean for this thread.