Looks like the trading are not enough stressfull for some people.
And they need more stress from other places
And they need more stress from other places
Everything is possible!!! Step by Step...
- #47,041
- Apr 23, 2013 4:07am Apr 23, 2013 4:07am
- | Joined Nov 2011 | Status: the probability trader | 1,110 Posts
{quote} Price/Volume/S&R Analysis (PVSRA),....Can't Be Beat! .......Told Cha! {image}
difficulty grasping it. It seems to be more of a higher time frame approach with whatever the
current trend might be because, as I see it, the SonicR 15M TF is basically ignored, other
than as a place to add to the trade.
Hopefully, as I watch your trade posts over time, it will sink in. But, so far, I just don't get it.
- #47,044
- Apr 23, 2013 4:31am Apr 23, 2013 4:31am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
These scout trades are just getting out of hand. It is wild gambling. I think it can serve a purpose occasionally, when there is an obvious change of trend and volume supports it. Like sonic said, volume analysis should not be used in isolation. It is dangerous. It's like trying to catch a falling knife. You are only kidding yourself if you think you know what the big boys are up to, a lot of them don't even know what they are up to! I've previously worked as a commodity trader. This one time I put on a hedging position (I was trading grain) and...
FXaddicted, while you are getting geared up to start posting real-time trades, some response is needed to some things you said.
1. "Like sonic said, volume analysis should not be used in isolation." - Maybe you are talking about some other folks here. You can't be talking about me because I have made it crystal clear, repeatedly, over several weeks now that what I am doing is using the three keystone datum of markets: price, volume and S&R. This is definately not "isolation", because there isn't anything else except price derivative indicators and I am already using the real item, price! Now, maybe you aren't caught up on your reading here, but if that is the case you have no business talking like you do until you know the facts. Yes, just using price and volume in the unenlightened way most would can have disastrous results sometimes, but that is not what I am doing.
2. As far as what forex "volume" is, it is only the trades being conducted thru the broker. It is not market wide and it is not for the actual amount of currency being traded. Nevertheless, it is the relative changes in volume that are important, not the actual amount of volumes. So what I do works, it works well, and it will work with any broker of substance because all brokers will show changes in "volumes" about the same time and for the same reasons.
3. Whether one wants to make a single entry, or wants to subdivide and make an initial entry and then subsequent entries if the price moves against them, is a decision for the trader to make, not you and not me. BTW, this has already been discussed and building a position using multiple smaller entries will yield a better average entry a smaller drawdown than a single large entry. You can go back and find this information since it has been just this week!
4. So far as stating what the "MMs" are doing, I sure do know! Unless you think professional traders buy high and sell low, you should full well know I am right when I make these calls. I haven't been wrong yet using my new method. Yes, it could happen, however, the odds are tremendously in my favor.
5. You obviously don't bother to even catch up on this thread because anyone who does knows I have been here over five years posting my trades real-time, win or lose, for all to see the eventual outcome, every single one of them for over five years! You can't fudge the outcome of a real-time posted trade, because so far as I know there is no way of making the future outcome look good when it wasn't. The fact that you state, "I would question the fact that TaH is a profitable trader." clearly shows you have not done your homework!
So, I look forward, as I am sure all Sonicers are, to see you begin posting real-time trades here, properly labeled charts for good instruction for Sonicers. Then maybe I can take a vacation.
-tah
- #47,047
- Apr 23, 2013 4:43am Apr 23, 2013 4:43am
- Joined Jan 2013 | Status: Trader | 1,107 Posts
AU long trade EP1 5min entry with PVSRA confirmation. High volumes marked on chart at lowest prices. EP 1.0237 SL 1.0215 TP open Might let the price drop below SL and add there, because MM's like to take price below full number before MARK UP.
{image}
I know the secret...
- #47,048
- Edited 4:56am Apr 23, 2013 4:44am | Edited 4:56am
- Joined Jan 2012 | Status: Trader | 1,005 Posts
Scout stopped out at 1.5229 with success with average 55x4 : 220 pips gain . But I couldn't see the volume coming 1h 20 min ago, which I still cant see
Anybody seen it ? I saw something 1h 10 min ago.
Anybody seen it ? I saw something 1h 10 min ago.
I tried to follow gbpusd tonight and watch how each 1h 4h candle open close .It was just for practice , and I saw increased volume before the first 4h candle close and the price started to drop.It seemed to me that it is bearish if I had to make a VSA comment.How do you guys read this , does it matter it being asian session or not ? And 15 m candle has an increasing volume and a low spread bar closing in the middle, ' this is what I learnt from master the markets pdf this weekend ' . Any ideas are welcome. {image} {image}
Hi Amadeus8 and TAH, It is nice to see that at least someone ( Amadeus8 ) here sees what was going on.I just posted a chart , and asked a question to TAH about how my fibo is and how his bull bear sentiments are going ! Then he went crazy and challenged me like a small kid.At first I though I got him wrong or though I said something wrong but he wasn't kidding.He asked me to post a live trade or shut up !!! Then I responded him saying that I'm not challenging anyone if he needs a challenge he can look for some other challenges like perfecting his...
- #47,050
- Apr 23, 2013 4:46am Apr 23, 2013 4:46am
- Joined Jan 2013 | Status: Trader | 1,107 Posts
GU scout long EP1 Based on PVSRA analysis +not complete wave at 1MIN chartEP 1.5217 SL 1.5170 TP open
{image}
I know the secret...
- #47,051
- Apr 23, 2013 4:49am Apr 23, 2013 4:49am
- | Joined Nov 2011 | Status: the probability trader | 1,110 Posts
Anybody see this confirmation on 1m chart 1h 15 min ago , because I can not see ? {quote} {image}
But it doesn't matter too much, because we are looking for peaks at significant levels.
Everything is possible!!! Step by Step...
- #47,053
- Apr 23, 2013 4:59am Apr 23, 2013 4:59am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Just Testing PVSAR.... Sonicers, do not fret because you see this totally non-SonicR trade. I am just testing the reliability of PVSRA. I viewed the trending down of price with high volumes associated with candles that were at/near or striking into the bottoms of the cycles as bull MM activity taking advantage of lower lows to build a long position. In the bigger picture of M15 (not shown) all this is happening at the previous significant PA lows. On M1 I then saw the big (green) grab for long followed immediately by the price being restored low...
....and 33 hours later....told cha!
You see, since the market opened this week, the MMs have been bulls and have been buying and then pushing the price back down to resume buying......repeatedly, in order to build very large long positions for whatever is ahead this week. The inter-day swing is what it should be, at least 100+ pips, and the "drift" of PA should be down if the MMs are bulls, which it has been. When the MMs do finally initiate the Mark Up run for profits, it should be a whopper!
-tah
- #47,055
- Apr 23, 2013 5:08am Apr 23, 2013 5:08am
- Joined Jan 2013 | Status: Trader | 1,107 Posts
I know the secret...
- #47,056
- Apr 23, 2013 5:13am Apr 23, 2013 5:13am
{quote} PVSRA ....and 33 hours later....told cha! You see, since the market opened this week, the MMs have been bulls and have been buying and then pushing the price back down to resume buying......repeatedly, in order to build very large long positions for whatever is ahead this week. The inter-day swing is what it should be, at least 100+ pips, and the "drift" of PA should be down if the MMs are bulls, which it has been. When the MMs do finally initiate the Mark Up run for profits, it should be a whopper!
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
- #47,057
- Apr 23, 2013 5:22am Apr 23, 2013 5:22am
- Joined Jan 2012 | Status: Trader | 1,005 Posts
Anything against usd and yen dont seem good for now but I guess we have a supply demand trader here and your trade order looked so professional.Nice. Welcome to Sonic thread FXaddicted, hope we learn something new from you too
{quote} It is a downtrend on the 15 min chart. If you take a look back on the daily there is some decent support around 1.02ish and the volume helps to confirm this 15 min trade in my view..
- #47,058
- Edited 5:44am Apr 23, 2013 5:30am | Edited 5:44am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} At what point would you walk away from one of these if it went South? We can all see the successes you have had (if one bothers to check) and a quick look at your drawdowns at the extremes of these trades suggests you get back more than you draw but sitting on these when they are ranging the wrong way is an 'interesting' game.
This is my fourth week into what I consider a breakthru in technique. And I am still analyzing and reflecting and experimenting with it. However, in these weeks there has been nothing like what I have dealt with in the past. Much is still up in the air, but I've a certainty of feeling that where this all lands is going to be really good.
All too frequently good looking setups do not run good. It is frustrating to enter well and not have things turn out well. But it turns out that what the MMs are doing that makes the trade suddenly not good, is very good for the MMs, who will be found later to have been entering in the same direction as we, only lower and lower and lower, etc. If we were bulls, it can turn out they were bulls also, and they decided to get involved and build long, but at lower and lower prices. This is, in fact, the reality of the market. Professionals build positions. They do not make one trade and then sit back and wait. My feeling is if we are going to improve our odds we must begin to take advantage of the price manipulations the MMs make. We cannot do this if we trade large on one entry. We must subdivide and play their game along with them. Drawdowns are part and parcel to trading like the professionals do. Maybe instead of trading in such a way with a single entry as to make ourselves think we won't experience bigger drawdowns, we should structure our trade size, use multiple entries, and be well prepared for drawdowns. Well, for me it is working, but I feel more needs to be done, more experience with it before solidifying anything.
-tah
- #47,059
- Apr 23, 2013 5:34am Apr 23, 2013 5:34am
- Joined Jan 2012 | Status: Trader | 1,005 Posts
Here is my proof by the way if anybody wonder !
Scout stopped out at 1.5229 with success with average 55x4 : 220 pips gain . But I couldn't see the volume coming 1h 20 min ago, which I still cant see
- #47,060
- Apr 23, 2013 5:55am Apr 23, 2013 5:55am
- Joined Jan 2013 | Status: Trader | 1,107 Posts
I already have my positions taken, but here's a heads up 
I'd say this is Classic 15min Sonic R setup right now...
PA crossed both dragon & trend, PA above dragon & trend, PVSRA analysis support trade, dragon angled up.
I'd say this is Classic 15min Sonic R setup right now...
PA crossed both dragon & trend, PA above dragon & trend, PVSRA analysis support trade, dragon angled up.
I know the secret...