{quote} Sorry Fex, meant to say when price returns to the H and L area it is a better setup if the original candle that left this area was a strong candle. Makes sense ? Regards, H.
Newbie trader
- #52,661
- Jul 4, 2013 2:41pm Jul 4, 2013 2:41pm
{quote} Gotta love people longing into a falling knife or a speeding train, even on a demo accountH. {image}
Read my state about wasting time on shitheads even with demo accounts!
P.S your GU spread is 6 - I guess that is a CENTs account! Well played sir!
There is no spoon....
Do not tell me you've taken advantage of the EU-GU downs and UCh ups? 
- #52,665
- Jul 4, 2013 4:19pm Jul 4, 2013 4:19pm
- Joined Oct 2012 | Status: Trade Small, Win Big | 4,988 Posts
If you are good at something, never do it for free--Joker
{quote} Hi .. I began to study this system two days ... It really is hard to understand everything when you do not know English ... I also use Google Translate to try to understand things .... but has words or phrases not to understand the .... But that's the only way we have, so we have to try to break that barrier .... hugs (Text in Portuguese
- #52,668
- Jul 4, 2013 8:31pm Jul 4, 2013 8:31pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #52,669
- Jul 4, 2013 8:33pm Jul 4, 2013 8:33pm
- Joined Oct 2012 | Status: Trade Small, Win Big | 4,988 Posts
If you are good at something, never do it for free--Joker
- #52,670
- Jul 4, 2013 8:38pm Jul 4, 2013 8:38pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #52,672
- Jul 4, 2013 8:48pm Jul 4, 2013 8:48pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} UJ Short Trade: Added short #8, Scout. Adjusted TP. Here, as across the board on many pairs, the US open MMs suddenly hiked (or diked) prices to advantage themselves in continuing to build shorts (or longs). These moves were all followed by increased trading. So, PVSRA indicates the MMs are what they were; no change, just outright market manipulation by the biggest stinking bank's market makers to "steal" from others and give to the stinking bank's overseers.{image}
Added shorts #9 and #10, Scouts. PVSRA continues to indicate MMs are bears. I decided to plant a couple more seeds. Adjusted TP.
- #52,673
- Jul 4, 2013 8:52pm Jul 4, 2013 8:52pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #52,674
- Jul 4, 2013 9:13pm Jul 4, 2013 9:13pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Drawdowns
Tymedu and Worldfreedom are a true blessing. Others also. And their contributions, even if just stating how they go about doing this or that, is extremely educational and supporting of all of us traders on Master Sonicdeejay's Sonic R. System thread. This is a great place to master the markets.
Permit me to make a comment about drawdowns, and in no way to detract from the fine posts by these two Sonicers. My comment is just a piddling remark by comparison, and only made to foster perspective.
I have repeatedly said, "Learn to embrace the drawdowns." When you get a handle on how small the seeds need to be, based on account size, the maximum number of seeds you will have planted at any time, and the number of pips down on the average per seed that you feel you should prepare for, then, when all that comes better into focus, you will learn to relax more and embrace the drawdowns.
Think of it this way. The MMs leave liquid "money" spilling all over the market's floor, and you are in there with your sponge. You want to "absorb" as much of that liquid "money" as possible, and take it outside and squeeze it into your own bucket. How much are you going to absorb? The more you absorb, the less absorption capability your sponge has left. And here is the kicker. If you absorb to maximum absorption and your sponge drops just one tiny drop, the game is over and the market takes away your sponge!
The drawdown is evidence you are absorbing. Learn to embrace that. Just don't get greedy. Don't overdo it and don't underestimate the negative pips you must be able to withstand. Read what Tymedu and Worldfreedom have written. What others have written too. Put it all down, sort it out, and make your own plan. Then,......just a thought.....trade only to half your plan for a month or two, while you get your feet wet stomping around in that liquid "money".
-tah
Tymedu and Worldfreedom are a true blessing. Others also. And their contributions, even if just stating how they go about doing this or that, is extremely educational and supporting of all of us traders on Master Sonicdeejay's Sonic R. System thread. This is a great place to master the markets.
Permit me to make a comment about drawdowns, and in no way to detract from the fine posts by these two Sonicers. My comment is just a piddling remark by comparison, and only made to foster perspective.
I have repeatedly said, "Learn to embrace the drawdowns." When you get a handle on how small the seeds need to be, based on account size, the maximum number of seeds you will have planted at any time, and the number of pips down on the average per seed that you feel you should prepare for, then, when all that comes better into focus, you will learn to relax more and embrace the drawdowns.
Think of it this way. The MMs leave liquid "money" spilling all over the market's floor, and you are in there with your sponge. You want to "absorb" as much of that liquid "money" as possible, and take it outside and squeeze it into your own bucket. How much are you going to absorb? The more you absorb, the less absorption capability your sponge has left. And here is the kicker. If you absorb to maximum absorption and your sponge drops just one tiny drop, the game is over and the market takes away your sponge!
The drawdown is evidence you are absorbing. Learn to embrace that. Just don't get greedy. Don't overdo it and don't underestimate the negative pips you must be able to withstand. Read what Tymedu and Worldfreedom have written. What others have written too. Put it all down, sort it out, and make your own plan. Then,......just a thought.....trade only to half your plan for a month or two, while you get your feet wet stomping around in that liquid "money".
-tah
- #52,675
- Edited 10:43pm Jul 4, 2013 10:06pm | Edited 10:43pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
USD/JPY Pumps and Dumps Pumps stopped at 100.15 {image}
A premise of PVSRA is that while we can know if the market is bull or bear, we can not know how far they might move price in one direction or the other. The only thing we can be reasonably sure of is that if it is a bull market eventually there will be a run up for profits, and if it is a bear market eventually there will be a run down for profits.
Here is a plain chart with a well known pattern called the wedge, which if rising is bearish, as this one is. Even though this is a plain chart, we can apply a principle of PVSRA to it. That principle is greedy bear MMs prefer to build shorts above whole and half numbers and greedy bull MMs prefer to build longs below whole and half numbers. They can't help themselves! They're Greedy! And we can capitalize on their greed. Looking at this chart, it is clear this last day of the week the market has concentrated on moving price back above the whole number, even to approaching the upper half number. Price could go higher, but it is clear the MMs are bears and are building shorts above the 100.00 whole number. No matter how high they might pump the price, short building is what they are doing. Even with a standard volume display it is clear the volume has increased the higher the MMs have pumped the price during this last Asian session, particularly when they got it above the 1/4SR.
You can see a SonicR Classic long setup there. That is the dichotomy between trading Classics and trading Scouts to build a position according to whether the MMs are bulls or bears. Classic setups are trading opportunities both with the trend and counter-trend. This one was with the trend, but counter-MMs! The logic in trading the Classic long would be, "If the MMs are bears then they might continue to put on bullish moves while building shorts at higher and higher prices. Therefore, I will trade this Classic long and ride the bear MMs bullish price move while they engage in building their short positions." Another approach would be to pass on the Classic long setup and wait for a Classic short setup, because the MMs are bears, not bulls. Either way, the Classic trade works so long as the trader has quick and appropriate responses.
Overall, and this is the point, PVSRA is an analysis of what happens to price, and the volumes, when price gets into the area of key S&R. And we must keep in mind that bears can do a better job of putting on bull price moves than bulls can, and bulls can do a better job of putting on bear price moves than bears can. The MMs (banks, etcs) will do whatever it takes to capitalize on price while building positions, including placing more orders far off where they'd really love to get them filled, and baiting the market makers to find that opportunity to rush the price over there and fill them in order to get commissions, and maybe even because they saw what the stinking banks were up to and put a trade of their own on.
It is a rigged market, Sonicers, but the Thieves have only two ways they can steal. And PVSRA lets us know which way they are going about doing it, no matter which way they are moving the price.
-tah
- #52,677
- Edited 10:52pm Jul 4, 2013 10:40pm | Edited 10:52pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
PVSRA, GU: Bulls or Bears?
Sonicers, following the train of thought in the post above, look at this plain GU chart. Do you wonder what happened? Here is a guess. Before going on the 4th of July holiday, the stinking banks placed long orders far away where they'd really love to get them filled, tempting the market makers to find an opportunity to rush the price there and fill them. And why not? They are actually helping the market maker make personal gains also, because the market maker can not only make commissions on filling those orders, but can put on a trade themselves before moving the price!
The market is rigged, Sonicers.
Now, to the important stuff. Look where the price landed and where all the trading was done, up until this Asian session opened. That's right! Below a whole number! Got it now? Bulls, with a capital "B". Hey, the story gets better! Seeing what the stinking US banks did, the Asian banks followed up with their own little rigging, by placing long orders below the half number! Yep, the greedy market makers rushed the price down to fill them also! Below the half number. Got that one, too? Bulls!
Between the big banks and the market makers, the markets are like rigged casinos, Sonicers. But the Thieves have only two ways to steal. PVSRA lets us know which way they are going about doing it, no matter which way they are moving the price.
-tah
Sonicers, following the train of thought in the post above, look at this plain GU chart. Do you wonder what happened? Here is a guess. Before going on the 4th of July holiday, the stinking banks placed long orders far away where they'd really love to get them filled, tempting the market makers to find an opportunity to rush the price there and fill them. And why not? They are actually helping the market maker make personal gains also, because the market maker can not only make commissions on filling those orders, but can put on a trade themselves before moving the price!
The market is rigged, Sonicers.
Now, to the important stuff. Look where the price landed and where all the trading was done, up until this Asian session opened. That's right! Below a whole number! Got it now? Bulls, with a capital "B". Hey, the story gets better! Seeing what the stinking US banks did, the Asian banks followed up with their own little rigging, by placing long orders below the half number! Yep, the greedy market makers rushed the price down to fill them also! Below the half number. Got that one, too? Bulls!
Between the big banks and the market makers, the markets are like rigged casinos, Sonicers. But the Thieves have only two ways to steal. PVSRA lets us know which way they are going about doing it, no matter which way they are moving the price.
-tah
- #52,678
- Jul 4, 2013 11:16pm Jul 4, 2013 11:16pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
