Attachments: PVSRA (Price, Volume, S&R Analysis)

PVSRA (Price, Volume, S&R Analysis)

#7,841
Apr 29, 2024 1:01pm Apr 29, 2024 1:01pm

Birown
| Joined Feb 2023 | Status: Trader | 58 Posts

Short scalping | Stop SP500

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#7,842
Edited 8:08pm Apr 29, 2024 7:53pm | Edited 8:08pm

traderathome
Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts

Quoting Birown

Disliked

Short scalping | Stop SP500 {image} {image}

Ignored

Scalping or not scalping, trading opposite the method rarely delivers satisfaction and frequently fosters bad habits, both of which will eventually put you out of this business! - Tah

BTW, the stock market is puny compared to the currency market and so it is better rigged by those that do the rigging! Sharks can turn on a dime. Whales cannot! Stock market items can go to ZERO! Currencies of solid nations won't. See the evil. Not participating in it is a matter of choice. Losing to it will not be. - Tah

#7,843
Apr 30, 2024 7:59am Apr 30, 2024 7:59am

JhonNezuko7
Joined Jun 2023 | Status: Trader | 231 Posts

Long in USDCAD

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#7,844
Apr 30, 2024 10:48am Apr 30, 2024 10:48am

Zebi
Joined May 2022 | Status: Trader | 8,020 Posts

Quoting traderathome

Disliked

{quote} Scalping or not scalping, trading opposite the method rarely delivers satisfaction and frequently fosters bad habits, both of which will eventually put you out of this business! - Tah BTW, the stock market is puny compared to the currency market and so it is better rigged by those that do the rigging! Sharks can turn on a dime. Whales cannot! Stock market items can go to ZERO! Currencies of solid nations won't. See the evil. Not participating in it is a matter of choice. Losing to it will not be. - Tah

Ignored

I always keep hearing that forex is the biggest market in the world but is that really true I wonder

you're comparing just the US stock market against the worldwide forex market ....lets count up all the stock markets in the world and compare that to forex LOL

or compare force trading in just one country against its equity markets.... don't compare apples to oranges

short trump and go long the deepstate

#7,845
Apr 30, 2024 12:44pm Apr 30, 2024 12:44pm

Birown
| Joined Feb 2023 | Status: Trader | 58 Posts

Quoting Zebi

Disliked

{quote} I always keep hearing that forex is the biggest market in the world but is that really true I wonder you're comparing just the US stock market against the worldwide forex market ....lets count up all the stock markets in the world and compare that to forex LOL or compare force trading in just one country against its equity markets.... don't compare apples to oranges

Ignored

The forex market does generate absurd liquidity, but it is worked out over several sessions and there are targets to be met... The American index market has absurd liquidity in the same way, but much more objectively! In my opinion, you can't compare an open and pm session with forex, because they have different objectives, but everything can be worked on in any market. I respect Tah's opinions and study; I've learned a lot from him.
I work the Trading system, but I have a lot of study, dedication, persistence and practice. I am a totally disciplined and objective person, I don't show happiness or sadness in my work, I do what has to be done, I knew my risks, I accepted my loss. Practice makes perfect, manipulation is common in every market, no matter what!
Do what you have to do, you've studied, just build your inner self and don't get lost in your own mind!

#7,846
Apr 30, 2024 2:20pm Apr 30, 2024 2:20pm

Anotan
Joined Jan 2015 | Status: Trader | 1,460 Posts

Quoting Zebi

Disliked

{quote} I always keep hearing that forex is the biggest market in the world but is that really true I wonder..

Ignored

Just for the sake of discussion, I'm not sure it's that simple to say forex is the biggest market in the world.

Sector rotation is a stock market concept, but I think it applies to whole markets as well. Money moves from one market to another. 2019 futures markets, nasdaq for example, was on fire while most forex pairs, like EU, barely moved 40 pips a day.

#7,847
Apr 30, 2024 7:58pm Apr 30, 2024 7:58pm

eduardo14
Joined Nov 2019 | Status: Trader | 125 Posts

Quoting Birown

Disliked

Short scalping | Stop SP500 {image} {image}

Ignored

@Birown
Congratulations on your discipline in risk management, losses are normal in a trader's daily life. Disciplined traders are generally consistent traders. close with few pips loss and maximizing profits is the key.

#7,848
May 1, 2024 12:46pm May 1, 2024 12:46pm

Birown
| Joined Feb 2023 | Status: Trader | 58 Posts

Long | GBPAUD

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#7,849
May 2, 2024 12:48am May 2, 2024 12:48am

traderathome
Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts

EURNZD.....Possible Short Opportunity

M30 shows very good activity yesterday on a Pop & Drop up thru a whole level. Another one today in the Asian Session has substantially less activity. Perhaps buyers have faded from the scene, leaving the MMs without much liquidity to fill SM sell orders. Trends are without prescribed angle and look to be converging. At this time, price is dropping. The FO-LO period might present a shorting opportunity, with plenty of time left in the day for possible continuation. We cannot ever know how the MMs will move price, so please due you own due diligence.

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#7,850
May 2, 2024 1:49pm May 2, 2024 1:49pm

Birown
| Joined Feb 2023 | Status: Trader | 58 Posts

Quoting traderathome

Disliked

EURNZD.....Possible Short Opportunity M30 shows very good activity yesterday on a Pop & Drop up thru a whole level. Another one today in the Asian Session has substantially less activity. Perhaps buyers have faded from the scene, leaving the MMs without much liquidity to fill SM sell orders. Trends are without prescribed angle and look to be converging. At this time, price is dropping. The FO-LO period might present a shorting opportunity, with plenty of time left in the day for possible continuation. We cannot ever know how the MMs will move price,...

Ignored

I agree, teacher. I see that the sellers will enter this time, which will provide a more suitable price for them to be working longs in the future. We continue to follow every action!

#7,851
May 2, 2024 5:17pm May 2, 2024 5:17pm

traderathome
Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts

Quoting traderathome

Disliked

EURNZD.....Possible Short Opportunity M30 shows very good activity yesterday on a Pop & Drop up thru a whole level. Another one today in the Asian Session has substantially less activity. Perhaps buyers have faded from the scene, leaving the MMs without much liquidity to fill SM sell orders. Trends are without prescribed angle and look to be converging. At this time, price is dropping. The FO-LO period might present a shorting opportunity, with plenty of time left in the day for possible continuation. We cannot ever know how the MMs will move price,...

Ignored

Here is the outcome........

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#7,852
Edited 7:45am May 3, 2024 5:29am | Edited 7:45am

traderathome
Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts

USDCHF......Possible Short Trade Opportunity

Here we are, another "Freaky Friday'! This one might go down to RDL. But first, the MMs might stop hunt PA upwards, maybe to the SR shown on attached chart. Currently, PA is slowly moving lower. Possibly to sucker 'too soon shorts' into the market, ahead of a stop hunt upwards. Well, we cannot ever know WHAT the MMs will do with PA! So, please do your own due diligence.

2nd chart is the result.

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