Creditors have better memories than debtors.
- #59,102
- Edited Sep 16, 2013 12:06am Sep 15, 2013 11:40pm | Edited Sep 16, 2013 12:06am
- | Joined Nov 2011 | Status: the probability trader | 1,110 Posts
{quote} so far not bad.....
Indicators can be very useful if you know why and what for do you use them!!!
Everything is possible!!! Step by Step...
- #59,103
- Sep 16, 2013 12:35am Sep 16, 2013 12:35am
PVSRA ... more proof this system works and works very well... thanks Tah and others.
I woke this morning to +400 pips in UJ which I have persisted with over 2 weeks.. adding as PVSRA showed it's beautiful head... took profits with the gap down this morning with one runner left.
Great start to the week adding 9.5% to my account... BANKED DOLLARS.
I love having a laugh at the "Pro's" that poo poo this great system ... hope no one takes their negative crap to heart. Some people just don't get it and thats fine... MOVE ON!!
Back to work... lets make some big bucks guys... cheers
I woke this morning to +400 pips in UJ which I have persisted with over 2 weeks.. adding as PVSRA showed it's beautiful head... took profits with the gap down this morning with one runner left.
Great start to the week adding 9.5% to my account... BANKED DOLLARS.
I love having a laugh at the "Pro's" that poo poo this great system ... hope no one takes their negative crap to heart. Some people just don't get it and thats fine... MOVE ON!!
Back to work... lets make some big bucks guys... cheers
- #59,104
- Sep 16, 2013 12:44am Sep 16, 2013 12:44am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
PVSRA ... more proof this system works and works very well... thanks Tah and others. I woke this morning to +400 pips in UJ which I have persisted with over 2 weeks.. adding as PVSRA showed it's beautiful head... took profits with the gap down this morning with one runner left. Great start to the week adding 9.5% to my account... BANKED DOLLARS. I love having a laugh at the "Pro's" that poo poo this great system ... hope no one takes their negative crap to heart. Some people just don't get it and thats fine... MOVE ON!! {image} Back to work......
Nice trading (your chart below). Congratulations!
I was going to close my UJ short if it returned to the whole number area Friday. It did not, and I removed my target before the close Friday. I missed being available at the open, so I am waiting for the price to fall back down again somewhat to close.
- #59,105
- Sep 16, 2013 12:51am Sep 16, 2013 12:51am
{quote} Very old buy trade A/U closed (added short EP #19 scout). 19 scouts avg. 300 pips = 5.700 pips * 3 accounts = 17.100 pips. {image} {image} I still hold short trade A/U. Added short EP #14 - #16. http://www.forexfactory.com/showthre...86#post6947186 {image}
Very nice attitude
- #59,107
- Edited 3:07am Sep 16, 2013 1:39am | Edited 3:07am
- | Joined Nov 2011 | Status: the probability trader | 1,110 Posts
Because I have got the confirmation of usability of my idea I would like to start the discussion about it here. May be together we will be able to make it even better. Hope SonicDeejay will not be against of it
So, here we go...
Trend Friendly position building in accordance with PVSRA (Price Volume Support Resistance Analyzing)
Inputs:
1-Analyzing pairs: EURUSD, GBPUSD, AUDUSD, USDJPY, USDCHF.
СAD has less volatility so not so interesting.
NZD mostly very correlated with AUD but has bigger spread, so no reason spent time on it.
Very often crosses have more opportunities. For example: if AUDUSD going to LONG but EURUSD to SHORT, then EURAUD has much more opportunities to go SHORT.
Or, if USDJPY is going UP and GBPUSD is going UP then GBPJPY has bigger potential to go UP.
2-The main Time Frame is m30. All other chart for additional analyzing.
3-Indicators for analyzing: 
So, here we go...
Trend Friendly position building in accordance with PVSRA (Price Volume Support Resistance Analyzing)
Inputs:
1-Analyzing pairs: EURUSD, GBPUSD, AUDUSD, USDJPY, USDCHF.
СAD has less volatility so not so interesting.
NZD mostly very correlated with AUD but has bigger spread, so no reason spent time on it.
Very often crosses have more opportunities. For example: if AUDUSD going to LONG but EURUSD to SHORT, then EURAUD has much more opportunities to go SHORT.
Or, if USDJPY is going UP and GBPUSD is going UP then GBPJPY has bigger potential to go UP.
2-The main Time Frame is m30. All other chart for additional analyzing.
3-Indicators for analyzing:
- SonicR template,
- Force Index (FI was created by Dr. Alexander Elder. It is illustrating how strong the actual buying or selling pressure is. The strength of the force is determined by a larger price change or by a larger volume). I am using it at 30M chart.
- Williams %R (%R was developed by Larry Williams. Its purpose is to tell whether a stock or commodity market is trading near the high or the low, or somewhere in between, of its recent trading range.)/ I Am using it at 4hrs chart.
Trading conditions (as example for long position) :
- %R at 4 hrs has to be inside of OS area (under 10%)
- PVSRA showing activities of MM about buying.
- FI is showing the Bullish divergence.
Method of Building:
- Placing of Pending Stop Orders above (for long) "Trend" (EMA89) by levels of RN, HN or QN.
- If too many pending orders they can be changed with only one. For example 10 pending orders by 0.01 lot can be changed with one order equal to 0.1 lot.
Risk and Money Management:
- For every 1000 of DEPO should be used no more then 0.01 lot per position
- The same time traded no more then 2 not correlated trading pairs, for example EURAUD and GBPJPY
- No more then 20 trades
- All kind of broker bonuses should be refused and leverage no more then 1:100.
Taking of profit:
- usually very good target is placed around weekly range.
- usually it has much more power if placed in the zone of other levels, like RN, HN, RN or historical S/R.
- don't have to be very fast if there is no any significant signs about trend reversal.
It seems to me it should be very easy to follow this system, the main question will be the patience.
Everything is possible!!! Step by Step...
- #59,108
- Edited 2:49am Sep 16, 2013 1:46am | Edited 2:49am
A swift s dragons short on UJ for 11 pips. No further as LO approaches. This taken in the prevailing direction so fairly safe.
GU on the other hand is given me problems. I should not be in at all as the daily range so far is only 25.8 Stay away until it reaches 40. I am currently long but will probably close out before LO.
Edit: Poor entries on GU and a second on UJ cost me my banked pips. Not following the rules. On GU the range is too narrow and direction not yet established so should have left alone. on UJ I tried to short again when M15 showed clear stopping if not temporary reversing pattern in a choppy Monday morning...
Patience pill required.
GU on the other hand is given me problems. I should not be in at all as the daily range so far is only 25.8 Stay away until it reaches 40. I am currently long but will probably close out before LO.
Edit: Poor entries on GU and a second on UJ cost me my banked pips. Not following the rules. On GU the range is too narrow and direction not yet established so should have left alone. on UJ I tried to short again when M15 showed clear stopping if not temporary reversing pattern in a choppy Monday morning...
Patience pill required.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
- #59,109
- Sep 16, 2013 2:00am Sep 16, 2013 2:00am
{quote} Dave_W, Nice trading (your chart below). Congratulations!
- #59,111
- Sep 16, 2013 2:24am Sep 16, 2013 2:24am
Because I have got the confirmation of usability of my idea I would like to start the discussion about it here. May be together we will be able to make it even better. Hope SonicDeejay will not be against of it
I also use a small prog "Currency Strength Meter"... I find it very usefull for at a glance across currencies... and it's free... anyone else using this little tool? If so what's your opinion please?
http://www.currencynewstrading.com/c...eter-download/
Just wanted to share something with all the Sonicers.
- #59,112
- Sep 16, 2013 2:29am Sep 16, 2013 2:29am
- | Joined Nov 2011 | Status: the probability trader | 1,110 Posts
Everything is possible!!! Step by Step...
Because I have got the confirmation of usability of my idea I would like to start the discussion about it here. May be together we will be able to make it even better. Hope SonicDeejay will not be against of it
I wanted to know the parameters of the WR and then FI.
thanks
- #59,115
- Sep 16, 2013 2:41am Sep 16, 2013 2:41am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #59,116
- Sep 16, 2013 2:42am Sep 16, 2013 2:42am
- | Joined Nov 2011 | Status: the probability trader | 1,110 Posts
Everything is possible!!! Step by Step...
- #59,117
- Sep 16, 2013 2:43am Sep 16, 2013 2:43am
- | Joined Nov 2011 | Status: the probability trader | 1,110 Posts
{quote} Oh... ok ... sorry. Maybe I should remove it if you think it's useless?? Don't want to share crap with others.. still learning. Is there a better "at a glance" type utility??
Everything is possible!!! Step by Step...
- #59,118
- Edited 3:06am Sep 16, 2013 2:52am | Edited 3:06am
- Joined Mar 2012 | Status: turning probability into profit | 1,550 Posts
Hunting High and Low
- #59,119
- Sep 16, 2013 2:55am Sep 16, 2013 2:55am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
