{quote} Bravo Prof. tah. i closed my 18 trades and made almost 3000 pippies
Whatever is obvious is obviously wrong!"
- #49,481
- May 23, 2013 3:53am May 23, 2013 3:53am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
- #49,482
- May 23, 2013 3:55am May 23, 2013 3:55am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #49,486
- May 23, 2013 4:15am May 23, 2013 4:15am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
{quote} thanks mate, did you close out yours? remember those critics who have nothing good to say?
Critics been holed up
Whatever is obvious is obviously wrong!"
- #49,487
- May 23, 2013 4:16am May 23, 2013 4:16am
I closed all UJ (@101.13) and the EJ (@103.4) orders I had. Not posting charts cause as TAH's said, no sense to post them now if I didn't when I entered the market. Congrats to all we suffered with this trade, such a relief for me now
To fail is just an opportunity to learn
- #49,488
- Edited 6:13am May 23, 2013 4:32am | Edited 6:13am
- | Commercial User | Joined Mar 2008 | 9,068 Posts
PVSRA, UJ: MMs Bulls or Bears? Nothing has changed. PVSRA still indicates the MMs are bears, in spite of the "strengthening dollar."
[Trading is the] Art of identifying a trend revsersal at the "earliest stage" and riding that trend until the "weight of the evidence" proves that Trend has reversed. Martin Pring
Instead of adding shorts as it goes up.. I will rather add shorts as it slides..
BTW,, Bravo for your bountiful pips..too..
Sonic
I closed all UJ (@101.13) and the EJ (@103.4) orders I had. Not posting charts cause as TAH's said, no sense to post them now if I didn't when I entered the market. Congrats to all we suffered with this trade, such a relief for me now
but thankfully, it finally came around.I wasn't just blindly following. I took a check on the parameters several times along the
way, and each time PVSRA kept telling me everything looks good, so I stuck with the trade.
I ended up being rewarded with close to 500 pips in the end.
I'm not saying this method is perfect (yet), but I am saying it has made a significant difference
in my trading results. My original account balance began at $150 in March of 2012. I managed
to get it down to $17 by October of that same year, as I attempted to learn to properly trade
using the SonicR Method of trading. The problem wasn't with SonicR. The problem was ME not
exiting a trade at a prudent time, and suffering big losses as a result.
Two things have helped me restore the account to over $77 at the moment - #1 someone here
posted a link to the book Mastering the Markets, which totally opened my eyes to how forex
functions (and it was 180 degrees from my previous thinking), and #2 traderathome's discovery
of PVSRA.
All of the naysayers posts here did plant some seeds of doubt, but each time I would check
PVSRA, and each time it would tell me everything is still alright. I stuck with the trade, and I'm
glad I did!
This isn't to say anyone should just jump in and begin trading crazily. Proper money management
is an important element, and can't be ignored. All I am trying to say is, PVSRA WORKS.
Thanks TAH
- #49,490
- May 23, 2013 4:39am May 23, 2013 4:39am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Can't? Impossible?
"I see here many guys, in this forum, that trying to transform 1000 $ in 5000 $ in 1 year. This is: 500 %. Impossibile!" - ForexTeam
Early this week ForexTeam claimed it to be impossible to grow an account by 5x in a year. I replied that having an early glimpse of what PVSRA has developed into, I started a demo account on January 11, 2013 for $1,000 and I have been trading it too since then. It has been four months and twelve days since then, and the account is at $4,331.42. So, I wonder if I can make $668.58 in the short time remaining of the year.
"I see here many guys, in this forum, that trying to transform 1000 $ in 5000 $ in 1 year. This is: 500 %. Impossibile!" - ForexTeam
Early this week ForexTeam claimed it to be impossible to grow an account by 5x in a year. I replied that having an early glimpse of what PVSRA has developed into, I started a demo account on January 11, 2013 for $1,000 and I have been trading it too since then. It has been four months and twelve days since then, and the account is at $4,331.42. So, I wonder if I can make $668.58 in the short time remaining of the year.
{quote} [Trading is the] Art if identifying a trend revsersal at the "earliest stage" and riding that trend until the "weight of the evidence" proves that Trend has reversed. Martin Pring Instead of adding shorts as it goes up.. I will rather add shorts as it slides.. Sonic {image}
early stage of its development.
Adding along with the slide can work, but the difference is, the potential value of each added trade
pales in comparison to the potential value of PVSRA trade entries - and it's a HUGE difference.
Sure, there is added risk, but it is a controlled/measured risk. It may appear to be the same as
adding to a losing trade, but it definitely is not! Every step of the way is planned, and if PVSRA
begins to tell you something different, you don't add anymore, you just close it and get out.
I think we are witnessing trading history being made! The path was laid by you with your
sonicR method, and widened and extended by TAH's PVSRA. I've been a longtime Forexfactory
visitor for a long time, but never have I seen what the two of you have done for the trading
community. My heart-felt thanks to you both.
- #49,493
- May 23, 2013 4:58am May 23, 2013 4:58am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} sonic, what you have quoted is true, and PVSRA allows you to make this determination at a veryearly stage of its development. Adding along with the slide can work, but the difference is, the potential value of each added tradepales in comparison to the potential value of PVSRA trade entries - and it's a HUGE difference.Sure, there is added risk, but it is a controlled/measured risk. It may appear to be the same asadding to a losing trade, but it definitely is not! Every step of the way is planned, and if PVSRAbegins to tell you something...
Master Sonicdeejay's point is valid. Let's visualize price going up and back down, and divide the distance into tenths. We could trade each "tenth" level up and wait for profits as price later falls all the way back down. We could do nothing until price starts to fall down and trade each "tenth" level then. Either way, the resultant pips are the same.
What Master Sonicdeejay is alluding to is that it is safer and that it takes less time to reap the profits doing it the second way.
Of course, one could do it both ways!
I agree with you that this thread is a great one. I just hope we can reign in PVSRA and settle on the most sensible technique, keeping the Sonic R. System what it was always intended to be, only with "spot on analysis" so that we no longer have to suffer entering Classic setups that were destined to be head fakes. If we can rid ourselves of that nemesis, we are all sitting on a pot of gold.
- #49,495
- May 23, 2013 5:20am May 23, 2013 5:20am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #49,496
- May 23, 2013 5:47am May 23, 2013 5:47am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #49,497
- May 23, 2013 6:35am May 23, 2013 6:35am
TAH
Fantastic result result and congratulations to all those who stuck it out for so long - that excludes me by one day. I am kicking myself very hard as I dumped all mine at the highest point
. Lessons learnt?
How to refine. The issue on the Yen pairs was the drawdown against the return. Looking at GJ how could this be improved (sorry borrowed your GJ pic as mine too far back). Given the same positions size a good scalp could have achieved the same result in 2 or 3 hours on GJ. A classic sonic would have yielded 300 pips odd (or conservative 200) (x17). Entry points debatable but you get the point. These would have had significantly less drawdown risk and so could be leveraged higher. So how to move forward and improve.
We have some great brains in this forum so I am throwing open the floor to have a debate on how to refine. I am sure everyone has thoughts on this, especially all those humbug cynics - lets hear them but please make these constructive informed thoughts
Fantastic result result and congratulations to all those who stuck it out for so long - that excludes me by one day. I am kicking myself very hard as I dumped all mine at the highest point
. Lessons learnt?How to refine. The issue on the Yen pairs was the drawdown against the return. Looking at GJ how could this be improved (sorry borrowed your GJ pic as mine too far back). Given the same positions size a good scalp could have achieved the same result in 2 or 3 hours on GJ. A classic sonic would have yielded 300 pips odd (or conservative 200) (x17). Entry points debatable but you get the point. These would have had significantly less drawdown risk and so could be leveraged higher. So how to move forward and improve.
We have some great brains in this forum so I am throwing open the floor to have a debate on how to refine. I am sure everyone has thoughts on this, especially all those humbug cynics - lets hear them but please make these constructive informed thoughts
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
- #49,498
- May 23, 2013 6:47am May 23, 2013 6:47am
- | Commercial User | Joined Mar 2008 | 9,068 Posts
TAH Fantastic result result and congratulations to all those who stuck it out for so long - that excludes me by one day. I am kicking myself very hard as I dumped all mine at the highest point
You need something simple.. it is called "Patience"..
Inserted Video
Sonic
- #49,499
- May 23, 2013 6:49am May 23, 2013 6:49am
- | Commercial User | Joined Mar 2008 | 9,068 Posts
Given that PVSRA reflects volumes only reported by the single MT4 provider can anyone recommend a particular broker most likely to process the most significant volumes...? Ta
Try this..
http://www.fxprimus.com/open-an-account?r=1002437
Inserted Video
Sonic
- #49,500
- May 23, 2013 6:55am May 23, 2013 6:55am
Bagsy go first.
For me the most obvious improvement is to apply common sense - much as sonic and others have advocated all along. Use PVSRA to determine what the MM's are doing then WAIT TO SEE A CXHANGE IN TREND signified by wave pattern (ie LH and LL if looking at short and vice versa if going the other way. Then by all means scout on any new lower highs that show high volume and bang in a stop order below breakout point. 
For me the most obvious improvement is to apply common sense - much as sonic and others have advocated all along. Use PVSRA to determine what the MM's are doing then WAIT TO SEE A CXHANGE IN TREND signified by wave pattern (ie LH and LL if looking at short and vice versa if going the other way. Then by all means scout on any new lower highs that show high volume and bang in a stop order below breakout point.
- Early warning of MM's turning BEARS in lime green
- LH formed followed by a bunch of sideways movement with volume at tops
- Trend clearly broken - notable volume - if in doubt look at lower timeframe to get the detail
- LL formed and in this case a gap down
- At least three low risk entry points. Confidence through PVSRA but supported by clear price action.
Looks easy in hindsight....
This could have been repeated a number of times on this pair over the last month making 160 odd pips look like a poor return.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer