There is no spoon....
- #47,922
- May 2, 2013 12:42pm May 2, 2013 12:42pm
- Joined Apr 2013 | Status: Trader | 1,926 Posts
AU Short Trade: Entered short #1, Scout. This is based on M1 PVSRA showing MMs hiking price above half number with higher trading, and on the obvious fact M15 shows a down trend with price flirting with the Trend Line whch frequently represents the upper resistance "area". This is an interesting situation because the standard Classic setup shown is for a long trade. Yet M1 PVSRA indicates the MMs are bears. {image}
Professor TAH, your readings, once again surpries me, i'm bullish with an IF (the most common word in FX).
i agree with your readings, but i was looking the other way arround.
i believe now in both scenarios, so i will long if resistance is broken, and short if support falls.
Can you kindly explain me where i'm seeing this wrong.
3 pics, 3 diferent TF.
Best Regards,
If you don't know how to earn money, don't loose it.
- #47,923
- May 2, 2013 12:49pm May 2, 2013 12:49pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #47,924
- Edited 1:10pm May 2, 2013 12:53pm | Edited 1:10pm
Classic SONIC AUD/JPY LONG (M15/M30/H1)
Type: Classic SonicR Trade
Dragon: Yes
Waves: YES ( Leg 1 Cut Dragon, Leg 2 Touch & Bounce, Leg 3 went higher )
Trend: Up Trend - BULL
Volume: High Volume at 99.915 , 100.361 (M1)
Trend line below Dragon & Price Action
M15, M30 , H1 , H2 Dragons Below Price Action.
I would like thanks Prof. Tah, Master Sonic and JRissa for the EUR/USD PVSRA short recommendation (^^) Make some decent pips
Type: Classic SonicR Trade
Dragon: Yes
Waves: YES ( Leg 1 Cut Dragon, Leg 2 Touch & Bounce, Leg 3 went higher )
Trend: Up Trend - BULL
Volume: High Volume at 99.915 , 100.361 (M1)
Trend line below Dragon & Price Action
M15, M30 , H1 , H2 Dragons Below Price Action.
I would like thanks Prof. Tah, Master Sonic and JRissa for the EUR/USD PVSRA short recommendation (^^) Make some decent pips
Trading is something special.
- #47,925
- May 2, 2013 1:10pm May 2, 2013 1:10pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Classic SONIC AUD/JPY LONG (M15/M30/H1) {image} Type: Classic SonicR Trade Dragon: Yes Waves: YES ( Leg 1 Cut Dragon, Leg 2 Touch & Bounce, Leg 3 went higher ) Trend: Up Trend - BULL Volume: High Volume at 99.915 , 100.361 (M1) Trend line below Dragon, M15, M30 , H1 Dragon Below Price Action. I would like thanks Prof. Tah, Master Sonic and JRissa for the EUR/USD PVSRA short recommendation (^^) Make some decent pips
Don't wait for big pips. PVSRA indicates the MMs remain bears. They are just involved in a retrace, i.e. they are pumping up the price to get higher prices to short at. The bear MMs now have price above the half number and M1 PVSRA shows highest levels of activity at the higher prices while the MMs hold the price above the half number.
I'm not saying it can't go higher. It can. PVSRA determines if the MMs are bulls or bears. Nothing can determine when the MMs will cease moving price one way and initiate their run for profits the other way.
You risk having a bad day trading against the PVSRA!
-tah
- #47,926
- May 2, 2013 1:14pm May 2, 2013 1:14pm
{quote} PVSRA, AJ Don't wait for big pips. PVSRA indicates the MMs remain bears. They are just involved in a retrace, i.e. they are pumping up the price to get higher prices to short at. The bear MMs now have price above the half number and M1 PVSRA shows highest levels of activity at the higher prices while the MMs hold the price above the half number. I'm not saying it can't go higher. It can. PVSRA determines if the MMs are bulls or bears. Nothing can determine when the MMs will cease moving price one way and initiate their run for profits the...
Trading is something special.
- #47,927
- May 2, 2013 2:31pm May 2, 2013 2:31pm
{quote} Great observation fexThough strangely your post was missed by those that swear by volume indicator.
At least thanks, Macedonia, I now know that I'm not invisible.
Newbie trader
- #47,928
- May 2, 2013 3:44pm May 2, 2013 3:44pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} Since there are several times you ignore my doubts, but I still think the system is interesting. However, I can not prove it because some issues seem too arbitrary. I thought the thread was to share knowledge, I have not said anything inconvenient, I read all the information and some of the books that are recommended on the first day, several times, for three months I keep the thread every day to all hours, however I think the problem must be in the middle of my intelligence, which is below the threshold. At least thanks, Macedonia, I now...
No, fex, you are not invisible. I presume you have difficulty with PVSRA, which is not at all surprising as it is a technique for analyzing Price, Volume and S&R, all together, i.e. leaving no part out, and is a work that is "in-progress".
I have been doing the best I can to make it clear to all that this method of analysis is different from predecessor use of volume in that S&R takes on an important part in the analysis. I have done the best to include comments in every one of my trade posts to help Sonicers get exposure to this "in-work" project, even as I myself delve into it more deeply looking for the best, yet most simple ways to perform the analysis. Eventually, there should be a PDF for PVSRA (Price, Volume, S&R Analysis). Until then, my trade posts, comment posts and the posts of others that are using PVSRA are the only sources of information. And jackywang5 has produced a PDF of such material which he has stated he will update weekly. And Master Sonicdeejay has committed to linking the PDF in Post #1.
Sometimes PVSRA does not yield a clear indication because there are notable changes in volumes both at highs and at lows at the same time during the progression of price, and in such instances there might or might not be other aspects of analysis which would indicate which notable changes in volumes (at highs or at lows) is subordinate to the other. See, this is "in-work" and eventually we might know what else to do to resolve such issues. Nevertheless, there will be times that there is no clear indication whether the MMs are bulls or bears. This will not be a failing of the PVSRA, but a reflection of current market conditions. This is when we must simply keep analyzing and not trade until we have clear indication, one way or the other.
The three most important datum in trading are Price, Volume and S&R. All indicators ever created are either lagging indicators that are a derivative of price itself, or are a volume indicator which is never lagging! S&R is never lagging! So, obviously, if one finds a simple and effective way to use price itself, volume and S&R, then they can throw all the other indicators into the trash can, have a clean chart, and get on with being more successful. That is what this in-work project called PVSRA is all about.
-tah
- #47,929
- May 2, 2013 3:49pm May 2, 2013 3:49pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #47,931
- May 2, 2013 4:24pm May 2, 2013 4:24pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Ok my turn try PVSRA, correct me if I am wrong TAH! PVSRA indicated high activity with bear candles on the touch of the dragon, so MM is bear. The price is above half number, so MM will/may push it down. {image}
PVSRA does indicate the MMs remain bears. Not on M1, however, which is not yielding clear results. M5 is yielding clear results. BTW, the Dragon has nothing to do with PVSRA. And price is not currently above the half number. It is below it.
M5 clearly shows the bear MMs previously moved price above the half number, loaded up, and later drove the price back down thru the half number all the way down to the lower whole number. Since then, the bear MMs have instigated a retrace to get back to some higher levels for renewed shorting. The bear MMs have hiked the price back above the 1/4 S&R level and up here is where higher trading levels are kicking in. So, PVSRA is clearly indicating the MMs remain bears.
-tah
- #47,932
- May 2, 2013 4:25pm May 2, 2013 4:25pm
{quote} Aha! The Invisible Man! No, fex, you are not invisible. I presume you have difficulty with PVSRA, which is not at all surprising as it is a technique for analyzing Price, Volume and S&R, all together, i.e. leaving no part out, and is a work that is "in-progress". I have been doing the best I can to make it clear to all that this method of analysis is different from predecessor use of volume in that S&R takes on an important part in the analysis. I have done the best to include comments in every one of my trade posts to help Sonicers get...
Now eight months ago I started, I had never seen a graph of the market or forex (I'm just an engineer, working at home WAH) during the first 6 months I have devoted to forex 10 hours a day, without rest, without weekends, no holidays, no vacations (plus I continue my profession and my family), in the seventh month I met rested weekends. I studied, read, took notes and operated in demo. I've tried dozens of systems and indicators, the most viewed of the most popular forums. Some better, some worse ... none convinced me. For two / three months ago I came to the conclusion that everything just tasted came the price, volume and time, everything else is just calculations, so I fell into this magnificent thread.
I'll keep practicing and asking questions (with or without response, I understand the selfless effort you do) about classic and PVSRA SonicR system (only when I see very clear signs and only for a couple). The PVSRA entries of the SonicR system I find interesting because I do not think the MMs will play your money on one card, that's obvious, no one would.
I would like to make it clear, if I have not done before, that in no case criticize your work or that of others. It would be stupid of me to criticize something that costs so much work to do, that it costs me nothing and nobody forces me to follow. In my opinion, is an excellent work.
I do not know if all will someday I invested for something, but at least my English is better if only a little.
Newbie trader
- #47,933
- Edited 5:05pm May 2, 2013 4:49pm | Edited 5:05pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
JPY Bank Holiday!
Starts in about 2 hours and this means that all this last day of the week will be with the JPY banks closed, including BOJ. Do we realize what this could mean?!
We all know how fast and far the YEN pairs can move. In a single day some have moved 650+ pips! For nine months the YEN pairs have been on a tear to the upside. In the last couple of weeks, however, there appeared the opportunity for Island Reversals, getting better looking each week than the week before. The YEN Sting (search this thread for it)! This potential for Island Reversal new week openings (gap downs) could still loom thru this weekend, but there is another possibility......
.....can you imagine the damage the MMs can do to the YEN pairs in just one day, with BOJ closed and Furoda on furlough,.........TODAY!
-tah
Starts in about 2 hours and this means that all this last day of the week will be with the JPY banks closed, including BOJ. Do we realize what this could mean?!
We all know how fast and far the YEN pairs can move. In a single day some have moved 650+ pips! For nine months the YEN pairs have been on a tear to the upside. In the last couple of weeks, however, there appeared the opportunity for Island Reversals, getting better looking each week than the week before. The YEN Sting (search this thread for it)! This potential for Island Reversal new week openings (gap downs) could still loom thru this weekend, but there is another possibility......
.....can you imagine the damage the MMs can do to the YEN pairs in just one day, with BOJ closed and Furoda on furlough,.........TODAY!
-tah 
- #47,935
- May 2, 2013 5:52pm May 2, 2013 5:52pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #47,939
- May 2, 2013 7:48pm May 2, 2013 7:48pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #47,940
- Edited 8:10pm May 2, 2013 7:56pm | Edited 8:10pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
