i still see support , waiting for breakout , will take at deep
- #49,322
- Edited 9:29pm May 21, 2013 9:13pm | Edited 9:29pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #49,325
- May 21, 2013 9:42pm May 21, 2013 9:42pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #49,327
- May 21, 2013 10:05pm May 21, 2013 10:05pm
- Joined Feb 2011 | Status: Trader | 1,825 Posts
{quote} Master Sonicdeejay Sets Example for Sonicers Wisdom, not just knowledge! We are so forunate to have Master Sonicdeejay. The analysis, PVSRA, indicates the MMs are bears because they quickly moved the price (P), followed by increased activity (V), above the half number (SR)..... ......PVSRA! And yet, even with that knowledge (and also knowing we can never know when the MMs will reverse PA and initiate a "run for profits"), Master Sonicdeejay sticks to wisdom and sets the example for Sonicers..... ......wait for more price action to confirm...
- #49,329
- May 21, 2013 10:22pm May 21, 2013 10:22pm
- Joined Feb 2011 | Status: Trader | 1,825 Posts
in early , maybe london will pump it , set tp
- #49,331
- May 21, 2013 10:27pm May 21, 2013 10:27pm
- Joined Feb 2011 | Status: Trader | 1,825 Posts
{quote} You should wait until GBP News comes out Its High News....
- #49,337
- May 22, 2013 12:14am May 22, 2013 12:14am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
The Three Most Important Datum in Trading
Price
Traders of pure price action will swear by it. Unfortunately, it frequently takes a lot of follow-on price action to get confirmation of anything, by which time the magic of the moment has long since passed. The problem with pure price action is that bulls can manufacture bear PA, and bears can manufacture bull PA, and so without knowing who is driving, you really can't be all that sure how things are going to end!
S&R
Traders put S&R right up there with the value of pure price action, sort of like "it takes two to tango." Unfortunately, S&R are just lines (or areas) on a chart. The problem with S&R is that whatever the area was last doesn't matter. The next time price gets there things could go either way. Bulls might take over. Bears might take over. Bulls might take over by putting on bear PA. Bears might take over by putting on bull PA. Good grief, the uncertainty of it all!
Volume
Follow the money! There is no datum as "telling" as volume. Unfortunately you cannot tell if the volume is buyer or seller initiated. That sort of is important, too, don't you think?
So, there you have the three most important datum in all of trading, and by themselves they ain't worth spit! Put them together, though, in the elegantly simple and effective way that is the analysis called PVSRA, and you are as close to the Trader's Holy Grail as you will ever be!
The Sonic R. System Rocks!
-tah
Price
Traders of pure price action will swear by it. Unfortunately, it frequently takes a lot of follow-on price action to get confirmation of anything, by which time the magic of the moment has long since passed. The problem with pure price action is that bulls can manufacture bear PA, and bears can manufacture bull PA, and so without knowing who is driving, you really can't be all that sure how things are going to end!
S&R
Traders put S&R right up there with the value of pure price action, sort of like "it takes two to tango." Unfortunately, S&R are just lines (or areas) on a chart. The problem with S&R is that whatever the area was last doesn't matter. The next time price gets there things could go either way. Bulls might take over. Bears might take over. Bulls might take over by putting on bear PA. Bears might take over by putting on bull PA. Good grief, the uncertainty of it all!
Volume
Follow the money! There is no datum as "telling" as volume. Unfortunately you cannot tell if the volume is buyer or seller initiated. That sort of is important, too, don't you think?
So, there you have the three most important datum in all of trading, and by themselves they ain't worth spit! Put them together, though, in the elegantly simple and effective way that is the analysis called PVSRA, and you are as close to the Trader's Holy Grail as you will ever be!
The Sonic R. System Rocks!
-tah
- #49,338
- May 22, 2013 12:24am May 22, 2013 12:24am
- Joined Feb 2011 | Status: Trader | 1,825 Posts
The Three Most Important
2. plan
3. luck
- #49,339
- Edited 12:47am May 22, 2013 12:28am | Edited 12:47am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #49,340
- May 22, 2013 12:36am May 22, 2013 12:36am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote}
The Three Most Important
1. money management 2. plan 3. luck
1. money management - yes.
2. plan - depends on whether your plan sucks, or not.
3. luck - based on your choices overall, yeah, this one is going to be real important to you!
