MARGIN CALL
back to square no one 
, over trading is my sin , never get the lesson
, over trading is my sin , never get the lesson
- #50,962
- Jun 12, 2013 11:05am Jun 12, 2013 11:05am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
- #50,964
- Jun 12, 2013 11:07am Jun 12, 2013 11:07am
- | Joined Nov 2011 | Status: the probability trader | 1,110 Posts
Another one example of trend friendly position building.
Everything is possible!!! Step by Step...
- #50,965
- Jun 12, 2013 11:09am Jun 12, 2013 11:09am
Dear Tah & Tymedu, have you guys tried PVSRA in commodities? Regards, Philip
Regards
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
- #50,968
- Jun 12, 2013 11:24am Jun 12, 2013 11:24am
MARGIN CALL
Was bound to happen to someone sooner or later. Personally I think it happened a lot sooner to a lot of people doing pvsra on m1 charts ect.
Not all volume is concidered counter trend volume despite what pvsra might leed you to belive. One always has to look at where is price coming from
like from H1 supply, then it tends to go to H1 demand and vice verca. Personally I dont like to add to a trade that is in drawdown I see no point in this,
meaning if you are wrong why add to you being wrong -no matter when price finally might go in your direction ?.
As with the above regards volume, some is considered stopping volume and some is considered breaking volume in order for price to hit it´s targets.
It´s all about the s+r levels - and not just adding to loosing trades whenever there is high volume candles.
Anyway I´m sorry for your loss, and I thank you for your honesty in this. I hope you will learn to live and fight another day.
Regards,
H
"The future is already written in the past"
- #50,969
- Jun 12, 2013 11:24am Jun 12, 2013 11:24am
- | Joined Nov 2011 | Status: the probability trader | 1,110 Posts
{quote} I see all those trades were taken against the trend? Just asking, I just see the chart and all I see are positions taken against the trend, but I don't know if the previous trend was a downtrend .
So, i did trades in accordance with Daily trend as soon as Pullbacks was happened.
Everything is possible!!! Step by Step...
- #50,970
- Jun 12, 2013 11:29am Jun 12, 2013 11:29am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
- #50,972
- Jun 12, 2013 11:36am Jun 12, 2013 11:36am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
- #50,973
- Edited Jun 13, 2013 2:25am Jun 12, 2013 11:51am | Edited Jun 13, 2013 2:25am
I find my self in with shorts on GU and EU. Why? Because I broke my rules so now I am 20 (x10) pips down on the day 
. Here's how to do it and not to do it. I had a lovely long entry (at A), PVSRA gave a clear shout of impending trend change (1 on chart) , the overall trend was up and the long term trend line (in brown) provided a support level to bounce off (2). Wave action good, rising volume and a classic entry on M5 with good entry. Then it went horribly wrong. Profit taken woefully early at first hint of PVSRA reversing - but the trend was intact, no lower lows so WAIT. Believing MM's playing games I even shorted against the trend at B. There really is no excuse for being short here, I am not playing multiple entry scouts, so I should have waited for the trend to break. Ill discipline has lost me more pips than anything else. Having said that I did play a short on EJ for 30 pips. I am hoping the pip god or goddess will smile on me and recover the lost ground later this evening. Do I need to sacrifice a goat or something?
. Here's how to do it and not to do it. I had a lovely long entry (at A), PVSRA gave a clear shout of impending trend change (1 on chart) , the overall trend was up and the long term trend line (in brown) provided a support level to bounce off (2). Wave action good, rising volume and a classic entry on M5 with good entry. Then it went horribly wrong. Profit taken woefully early at first hint of PVSRA reversing - but the trend was intact, no lower lows so WAIT. Believing MM's playing games I even shorted against the trend at B. There really is no excuse for being short here, I am not playing multiple entry scouts, so I should have waited for the trend to break. Ill discipline has lost me more pips than anything else. Having said that I did play a short on EJ for 30 pips. I am hoping the pip god or goddess will smile on me and recover the lost ground later this evening. Do I need to sacrifice a goat or something? Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
- #50,974
- Jun 12, 2013 11:52am Jun 12, 2013 11:52am
- Joined Oct 2011 | Status: Trader | 1,418 Posts
Small disciplines repeated with consistency lead to great achievements.
- #50,977
- Edited 12:36pm Jun 12, 2013 12:04pm | Edited 12:36pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
MARGIN CALL
There are two questions you need to ask and explore. One, why did you get a margin call? Overtrading. We've been thru this over and again. If you are trading "position building" vs single entry trades, you need to convert from trading cannon balls to trading B-Bs. You need to have the ability to fire many shots, figure 15 average per pair traded, times however many pairs you want to set up to trade, and not reduce your account even by as much as 20% if every single trade component is down 300 pips, or maybe you should base that on 500 pips!
The other question is how do you want to trade? Build a position, or gamble on a single entry? Let me tell you that it is not as simple as "supply and demand" and "support and resistance" as one might assume by reading what Hansma wrote. Supply levels and demand levels can change. In an instant the MMs can add, reduce, or completely pull their pending orders, totally changing the "supply" or "demand" levels! Also, in an instant the MMs can change the direction of price. Today there was not a single Classic setup on major pairs that was not a head fake!
You cannot rely on a past supply area being a future supply area. You cannot rely on a past demand area being a future demand area. You cannot rely on a Classic setup breakout not being a head fake. So, what does not change? What can you rely on?
So far as I am concerned, you can rely on bulls adding at lows and bears adding at highs. And you can rely on PVSRA to indicate if the MMs are bulls or bears. Now, take those things into consideration and so far as I am concerned you have the best weapon to use against the Beast that is the market. And yes, there are advantages to building a trade in the drawdown phase, but that is a different and more specific topic.
Now, maybe Hansma has a technique that helps him do what he intimates that he does, but he doesn't post enough real-time trades for any of us to actually get enough demonstrations that we can even be sure we comprehend correctly what to do, just based on what he has been kind enough to write. I sure wish he would be more active in that regard, but so far he isn't. And so if you choose to believe you fully grasp what he grasps, based on what little you have read, and go that route, then I suspect your problems are only just beginning.
Anyway, whatever you do is up to you. But I wholeheartedly recommend you do some deep thinking on all of this, and on the trades you made, and the size of those trades. Would you have been better off with just larger sized single trades? Would you have been stopped out? Would the loss have been more or less than what actually happened? If you had traded smaller, might you still be in the trades and have the chance to see them come to profits, instead of a single trade getting stopped out? You have some thinking to do, my fellow trader. And if you do this thinking well, you will come out of it for the better, with more determination and discipline.
-tah
- #50,978
- Jun 12, 2013 12:08pm Jun 12, 2013 12:08pm
Swissy - To Long or Not to Long?
The evidence is starting to become overwhelming looking at PVSRA but the trend is proving resilient. My H1 chart shows significant volumes at lows (Blue) with some lovely tails to emphasise the point but there is still high volumes at 1/2 and whole numbers AND there has been no break in the trend yet. The dragon is doing a Maggie - refuses to turn. But it is only Wednesday and there is some long term support not far below so one to watch. I am waiting for a wave to form before I venture in, possibly with scouts on this one.
The evidence is starting to become overwhelming looking at PVSRA but the trend is proving resilient. My H1 chart shows significant volumes at lows (Blue) with some lovely tails to emphasise the point but there is still high volumes at 1/2 and whole numbers AND there has been no break in the trend yet. The dragon is doing a Maggie - refuses to turn. But it is only Wednesday and there is some long term support not far below so one to watch. I am waiting for a wave to form before I venture in, possibly with scouts on this one.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
- #50,980
- Jun 12, 2013 12:28pm Jun 12, 2013 12:28pm
- | Joined Nov 2011 | Status: the probability trader | 1,110 Posts
{quote} I was just asking Dmitry because I did not have the charts in front of me in that moment, I hope you didn't take that as criticism. However, I don't agree with you. The minimum TF (at least for me) doesn't have to be D1. I saw once in a book that you should look 2 or 3 higher time frames to identify the trend you have to trade with. I normally trade using 5m and 15m, so I always see 1H charts to see the trend. Of course I also look the D1 chart, but not for that. It also depends if you wants a short-term trade, mid-term or lonade with g-term....
You said "I normally trade using 5m and 15m".
Does it mean you are doing the short term trades? I think NO.
Why? Because short term trades means very fast closing (lets say no more then couple of hours). Am i right?
If i am right , then tell me what is the reason to use for long term trades a ripple from intradays?
Everything is possible!!! Step by Step...