{quote} GU - closed for 1146 pips gain
You never fail to amaze me, how frequently you gained more then 1000 pips. Congratulations!!!
{quote} Au first scout long
the spring and price going down and A/D up. H. {image}
May I know what is a spring? Is it the pinbar with long lower wick? And what is A/D? Sorry for my ignorant, as I believe I read it somewhere before, on accumulation, but not fully understand it. Thank you very much in advance.
- #64,263
- Jan 18, 2014 1:58am Jan 18, 2014 1:58am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
{quote} May I know what is a spring? Is it the pinbar with long lower wick? And what is A/D? Sorry for my ignorant, as I believe I read it somewhere before, on accumulation, but not fully understand it. Thank you very much in advance.
And for more information about spring here: http://stockcharts.com/school/doku.p...lysis:wyckoff2
Whatever is obvious is obviously wrong!"
- #64,267
- Jan 18, 2014 2:45am Jan 18, 2014 2:45am
- Joined Nov 2013 | Status: Trading Chaos | 1,133 Posts
You met me at the very strange time in my life.. http://www.youtube.com/watch?v=vVof0qj7SOw Sonic P.S I attached the format that I use to record my trade... {file}
- #64,268
- Jan 18, 2014 4:47am Jan 18, 2014 4:47am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
Whatever is obvious is obviously wrong!"
- #64,271
- Jan 18, 2014 6:20am Jan 18, 2014 6:20am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
{quote} What's your sl and tp?
Whatever is obvious is obviously wrong!"
- #64,272
- Jan 18, 2014 9:04am Jan 18, 2014 9:04am
{quote} I don't use SL-s. Also no TP-s, just following PA
i was doing a quick TA on EU and thought maybe you, and some other traders here can give some comments on this pair.
From the chart, there are several confluences suggesting that price may go lower. (1) There was a completion of the head-and-shoulder pattern, and (2) a break of the daily bullish channel. However price did not manage to break below the Demand Zone.
Look for short opportunities should price pull back towards the 1.35630 area, and/or a break below the 1.35153 level.
The next minor support is at 1.34869, followed by a major support at 1.33954.
Suggested TP1 can be place at the minor support, and TP2 at the major support. SL to be place slightly above 1.35786.
- #64,273
- Edited 1:13pm Jan 18, 2014 10:17am | Edited 1:13pm
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
{quote} loeil, i was doing a quick TA on EU and thought maybe you, and some other traders here can give some comments on this pair. From the chart, there are several confluences suggesting that price may go lower. (1) There was a completion of the head-and-shoulder pattern, and (2) a break of the daily bullish channel. However price did not manage to break below the Demand Zone. Look for short opportunities should price pull back towards the 1.35630 area, and/or a break below the 1.35153 level. The next minor support is at 1.34869, followed by a...
Inside the daily candle there are multiple signs of strength and that makes me think it is a strong support area there. Too soon to tell something, but one thing is sure, all the herd and retailers are selling now Maybe this time MMs let all them to jump to the MM's train Will see..And this H&S on your H4, for me it is not a H&S pattern, of course it can be for others, but I personally don't see this as a correct and valid H&S.
Edit: this bigger view shows even better how strong this support line actually is. So I have a feeling that if MMs wants to break it, then they gonna need more gas and I'm not sure that more gas is possible to find from support area
Just my thoughts..
Whatever is obvious is obviously wrong!"
- #64,274
- Jan 18, 2014 1:46pm Jan 18, 2014 1:46pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
PVSRA Results for 1st Forty Two Weeks
The following are the results of my trading the Sonic R. System using PVSRA to determine if it is a bull or bear market, and then trading the price action I see.
Week ending 04/05
1289 pips gained, 7 trades totaling 19 parts (18 parts winners), averaging 67+ pips per each of all parts.
Week ending 04/12
1891 pips gained, 9 trades totaling 28 parts (all parts winners), averaging 67+ pips per each of all parts.
Week ending 04/19
2160 pips gained, 9 trades totaling 31 parts (29 parts winners), averaging 69+ pips per each of all parts.
Week ending 04/26
2640 pips gained, 6 trades totaling 34 parts (all parts winners), averaging 77+ pips per each of all parts.
Week ending 05/03
2530 pips gained, 6 trades totaling 24 parts (23 parts winners), averaging 105+ pips per each of all parts.
Week ending 05/10
3050 pips gained, 7 trades totaling 33 parts (all parts winners), averaging 92+ pips per each of all parts.
Week ending 05/17
1590 pips gained, 7 trades totaling 16 parts (all parts winners), averaging 99+ pips per each of all parts.
Week ending 05/24
3980 pips gained, 7 trades totaling 40 parts (33 parts winners), averaging 99+ pips per each of all parts.
Week ending 05/31
4003 pips gained, 5 trades totaling 37 parts (34 parts winners), averaging 108+ pips per each of all parts.
Week ending 06/07
9813 pips gained, 9 trades totaling 61 parts (53 parts winners), averaging 160+ pips per each of all parts
Week ending 06/14
3900 pips gained, 2 trades totaling 15 parts (all parts winners), averaging 260+ pips per each of all parts
Week ending 06/21
4620 pips gained, 3 trades totaling 33 parts (all parts winners), averaging 140+ pips per each of all parts
Week ending 06/28
12,120 pips gained, 8 trades totaling 86 parts (82 parts winners), averaging 140+ pips per each of all parts
Week ending 07/05
3,440 pips gained, 2 trades totaling 22 parts (18 parts winners), averaging 156+ pips per each of all parts
Week ending 07/12
14,143 pips gained, 11 trades totaling 125 parts (115 parts winners), averaging 113+ pips per each of all parts
Week ending 07/19
215 pips gained, 2 trades totaling 7 parts (all parts winners), averaging 30+ pips per each of all parts
Week ending 07/26
1,170 pips gained, 2 trades totaling 25 parts (16 parts winners), averaging 46+ pips per each of all parts
Week ending 08/02
10,850 pips gained, 8 trades totaling 102 parts (87 parts winners), averaging 106+ pips per each of all parts
Week ending 08/09
7,784 pips gained, 4 trades totaling 72 parts (50 parts winners), averaging 108+ pips per each of all parts
Week ending 08/16
(-250) pips gained, 1 trades totaling 3 parts (0 parts winners), averaging -83+ pips per each of all parts
Week ending 08/23
6,750 pips gained, 3 trades totaling 49 parts (42 parts winners), averaging 137+ pips per each of all parts
Week ending 08/30
6,785 pips gained, 8 trades totaling 68 parts (64 parts winners), averaging 99+ pips per each of all parts
Week ending 09/06
178 pips gained, 2 trades totaling 6 parts (all parts winners), averaging 29+ pips per each of all parts
Week ending 09/13
2,330 pips gained, 3 trades totaling 40 parts (34 parts winners), averaging 58+ pips per each of all parts
Week ending 09/20
64,268 pips lost, 8 trades totaling 107 parts (6 parts winners), averaging -600 pips per each of all parts
Week ending 09/27
364 pips gained, 4 trades totaling 16 parts (8 parts winners), averaging 22+ pips per each of all parts
Week ending 10/04
6,710 pips lost, 7 trades totaling 27 parts (11 parts winners), averaging -419 pips per each of all parts
Week ending 10/11
586 pips lost, 8 trades affected, 42 parts involved (34 parts gain, 7 parts lose), averaging -14 pips per each of all parts
Week ending 10/18
19,611 pips lost, 6 trades affected, 76 parts involved (14 parts gain, 62 parts lose), averaging -213 pips per each of all parts
Week ending 10/25
14,401 pips lost, 8 trades affected, 77 parts involved (0 parts gain, 77 parts lose), averaging -66 pips per each of all parts
Week ending 11/01
8,320 pips gained, 4 trades affected, 105 parts involved (101 parts gain, 4 parts lose), averaging +79 pips per each of all parts
Week ending 11/08
7,527 pips gained, 3 trades affected, 78 parts involved (78 parts gain, 0 parts lose), averaging 96+ pips per each of all parts
Week ending 11/15
2,504 pips gained, 3 trades affected, 8 parts involved (5 parts gain, 3 parts lose), averaging 313+ pips per each of all parts
Week ending 11/22
9,875 pips gained, 25 trades affected, 176 parts involved (157 parts gain, 19 parts lose), averaging 56+ pips per each of all parts
Week ending 11/29
4,833 pips lost, 11 trades affected, 230 parts involved (138 parts gain, 95 parts lose), averaging -21 pips per each of all parts
Week ending 12/06
4,335 pips lost, 7 trades affected, 27 parts involved (17 parts gain, 10 parts lose), averaging -160 pips per each of all parts
Week ending 12/13
3,033 pips lost, 3 trades affected, 12 parts involved (7 parts gain, 5 parts lose), averaging -253 pips per each of all parts
Week ending 12/20
620 pips gained, 3 trades affected, 6 parts involved (4 parts gain, 2 parts lose), averaging +103 pips per each of all parts
Week ending 12/27
2,097 pips lost, 4 trades affected, 11 parts involved (5 parts gain, 6 parts lose), averaging -190 pips per each of all parts
Week ending 01/03
702 pips gained, 6 trades affected, 53 parts involved (38 parts gain, 15 parts lose), averaging -13 pips per each of all parts
Week ending 01/10
1,058 pips gained, 4 trades affected, 20 parts involved (19 parts gain, 1 parts lose), averaging 52+ pips per each of all parts
Week ending 01/17
9,007 pips gained, 13 trades affected, 97 parts involved (78 parts gain, 19 parts lose), averaging 92+ pips per each of all parts
All of these trades, all of the trade parts thereof, were posted real-time right here on the Sonic R. System thread, using crystal clear easy to understand charts and explanations regarding PVSRA reasons for entries, whether Classic or Scout trades.
Summary Week Forty Two
26,184 pips banked.
10,959 pips current draw down (net loss of all open PVSRA trades).
15,225 pips net gain (pips banked plus net gain of all open PVSRA trades).
362 pips weekly average net gain (weekly average net gain if all open PVSRA trades instantly closed).
Summary Remarks
First off, this is week 42 of the PVSRA experiment. Somewhere in recent weeks my count erroneously went up by one too many. As for this week, it was one of much better trade results, and most encouraging because the posted pips gain of 9,007 represents pure EP to TP pips, not factored for the actual sizes of the trade components.
-tah
The following are the results of my trading the Sonic R. System using PVSRA to determine if it is a bull or bear market, and then trading the price action I see.
Week ending 04/05
1289 pips gained, 7 trades totaling 19 parts (18 parts winners), averaging 67+ pips per each of all parts.
Week ending 04/12
1891 pips gained, 9 trades totaling 28 parts (all parts winners), averaging 67+ pips per each of all parts.
Week ending 04/19
2160 pips gained, 9 trades totaling 31 parts (29 parts winners), averaging 69+ pips per each of all parts.
Week ending 04/26
2640 pips gained, 6 trades totaling 34 parts (all parts winners), averaging 77+ pips per each of all parts.
Week ending 05/03
2530 pips gained, 6 trades totaling 24 parts (23 parts winners), averaging 105+ pips per each of all parts.
Week ending 05/10
3050 pips gained, 7 trades totaling 33 parts (all parts winners), averaging 92+ pips per each of all parts.
Week ending 05/17
1590 pips gained, 7 trades totaling 16 parts (all parts winners), averaging 99+ pips per each of all parts.
Week ending 05/24
3980 pips gained, 7 trades totaling 40 parts (33 parts winners), averaging 99+ pips per each of all parts.
Week ending 05/31
4003 pips gained, 5 trades totaling 37 parts (34 parts winners), averaging 108+ pips per each of all parts.
Week ending 06/07
9813 pips gained, 9 trades totaling 61 parts (53 parts winners), averaging 160+ pips per each of all parts
Week ending 06/14
3900 pips gained, 2 trades totaling 15 parts (all parts winners), averaging 260+ pips per each of all parts
Week ending 06/21
4620 pips gained, 3 trades totaling 33 parts (all parts winners), averaging 140+ pips per each of all parts
Week ending 06/28
12,120 pips gained, 8 trades totaling 86 parts (82 parts winners), averaging 140+ pips per each of all parts
Week ending 07/05
3,440 pips gained, 2 trades totaling 22 parts (18 parts winners), averaging 156+ pips per each of all parts
Week ending 07/12
14,143 pips gained, 11 trades totaling 125 parts (115 parts winners), averaging 113+ pips per each of all parts
Week ending 07/19
215 pips gained, 2 trades totaling 7 parts (all parts winners), averaging 30+ pips per each of all parts
Week ending 07/26
1,170 pips gained, 2 trades totaling 25 parts (16 parts winners), averaging 46+ pips per each of all parts
Week ending 08/02
10,850 pips gained, 8 trades totaling 102 parts (87 parts winners), averaging 106+ pips per each of all parts
Week ending 08/09
7,784 pips gained, 4 trades totaling 72 parts (50 parts winners), averaging 108+ pips per each of all parts
Week ending 08/16
(-250) pips gained, 1 trades totaling 3 parts (0 parts winners), averaging -83+ pips per each of all parts
Week ending 08/23
6,750 pips gained, 3 trades totaling 49 parts (42 parts winners), averaging 137+ pips per each of all parts
Week ending 08/30
6,785 pips gained, 8 trades totaling 68 parts (64 parts winners), averaging 99+ pips per each of all parts
Week ending 09/06
178 pips gained, 2 trades totaling 6 parts (all parts winners), averaging 29+ pips per each of all parts
Week ending 09/13
2,330 pips gained, 3 trades totaling 40 parts (34 parts winners), averaging 58+ pips per each of all parts
Week ending 09/20
64,268 pips lost, 8 trades totaling 107 parts (6 parts winners), averaging -600 pips per each of all parts
Week ending 09/27
364 pips gained, 4 trades totaling 16 parts (8 parts winners), averaging 22+ pips per each of all parts
Week ending 10/04
6,710 pips lost, 7 trades totaling 27 parts (11 parts winners), averaging -419 pips per each of all parts
Week ending 10/11
586 pips lost, 8 trades affected, 42 parts involved (34 parts gain, 7 parts lose), averaging -14 pips per each of all parts
Week ending 10/18
19,611 pips lost, 6 trades affected, 76 parts involved (14 parts gain, 62 parts lose), averaging -213 pips per each of all parts
Week ending 10/25
14,401 pips lost, 8 trades affected, 77 parts involved (0 parts gain, 77 parts lose), averaging -66 pips per each of all parts
Week ending 11/01
8,320 pips gained, 4 trades affected, 105 parts involved (101 parts gain, 4 parts lose), averaging +79 pips per each of all parts
Week ending 11/08
7,527 pips gained, 3 trades affected, 78 parts involved (78 parts gain, 0 parts lose), averaging 96+ pips per each of all parts
Week ending 11/15
2,504 pips gained, 3 trades affected, 8 parts involved (5 parts gain, 3 parts lose), averaging 313+ pips per each of all parts
Week ending 11/22
9,875 pips gained, 25 trades affected, 176 parts involved (157 parts gain, 19 parts lose), averaging 56+ pips per each of all parts
Week ending 11/29
4,833 pips lost, 11 trades affected, 230 parts involved (138 parts gain, 95 parts lose), averaging -21 pips per each of all parts
Week ending 12/06
4,335 pips lost, 7 trades affected, 27 parts involved (17 parts gain, 10 parts lose), averaging -160 pips per each of all parts
Week ending 12/13
3,033 pips lost, 3 trades affected, 12 parts involved (7 parts gain, 5 parts lose), averaging -253 pips per each of all parts
Week ending 12/20
620 pips gained, 3 trades affected, 6 parts involved (4 parts gain, 2 parts lose), averaging +103 pips per each of all parts
Week ending 12/27
2,097 pips lost, 4 trades affected, 11 parts involved (5 parts gain, 6 parts lose), averaging -190 pips per each of all parts
Week ending 01/03
702 pips gained, 6 trades affected, 53 parts involved (38 parts gain, 15 parts lose), averaging -13 pips per each of all parts
Week ending 01/10
1,058 pips gained, 4 trades affected, 20 parts involved (19 parts gain, 1 parts lose), averaging 52+ pips per each of all parts
Week ending 01/17
9,007 pips gained, 13 trades affected, 97 parts involved (78 parts gain, 19 parts lose), averaging 92+ pips per each of all parts
All of these trades, all of the trade parts thereof, were posted real-time right here on the Sonic R. System thread, using crystal clear easy to understand charts and explanations regarding PVSRA reasons for entries, whether Classic or Scout trades.
Summary Week Forty Two
26,184 pips banked.
10,959 pips current draw down (net loss of all open PVSRA trades).
15,225 pips net gain (pips banked plus net gain of all open PVSRA trades).
362 pips weekly average net gain (weekly average net gain if all open PVSRA trades instantly closed).
Summary Remarks
First off, this is week 42 of the PVSRA experiment. Somewhere in recent weeks my count erroneously went up by one too many. As for this week, it was one of much better trade results, and most encouraging because the posted pips gain of 9,007 represents pure EP to TP pips, not factored for the actual sizes of the trade components.
-tah
- #64,275
- Jan 18, 2014 1:58pm Jan 18, 2014 1:58pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
You met me at the very strange time in my life.. http://www.youtube.com/watch?v=vVof0qj7SOw Sonic P.S I attached the format that I use to record my trade... {file}
Regarding your "trade summary" sheets format, I think you need to specify trade long or short. Your SL comments then would then also need to be changed to reflect as being below the "nice swing low"/above "nice swing high" respectively. And your TP comments would then also need to be changed to reflect as being at "overhead resistance"/"underneath support" levels respectively.
-tah
- #64,276
- Edited 2:53pm Jan 18, 2014 2:30pm | Edited 2:53pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #64,278
- Jan 18, 2014 8:00pm Jan 18, 2014 8:00pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Possible Clues From Comparing AU and EU
Lets begin by viewing AU on the H1 chart. Note the highest volume of Friday occurred in the hour immediately following the close of the London session. If the Market Makers were looking to accumulate short orders, they apparently had a lot of pending long orders down there that they could take the opposite side of. But, if long orders abounded down there, why not lower also? Why the apparent support? You'd think if traders were willing to place pending long orders down there, they'd place them lower also,....better for them! So, this move down might be the MMs accumulating long orders, and the reason for the support that kept the MMs from being able to take the price lower would likely be because there were no lower pending short orders for the MMs to take the long side of. In conclusion, therefore, this is most likely a picture of the post LS move down being a clue that the MMs are bulls and are accumulating long orders.
Now, lets view EU on the H1 chart. Note that the highest volume of the day was for a bear bar midway thru the second part of the LS. And the price continued to fall right up to the close of the LS and on into the after hours. The price dropped 60 pips in after hours trading! And the volume continued to be significant right up to the price hitting the lows of the entire day! No saving support here from any concentration of long orders! This picture of EU looks more like the price dropped so much because there was no concentration of pending longs to give the price support, and when the MMs did stop the price drop it was probably because they were not willing to accumulate more short orders at lower prices. In turn, that could mean more accumulation of short orders is coming next week (a price hike), before the MMs run the price much lower. Of course, the MMs could simply have run out of liquidity for shorting no matter how much lower they were willing to go, because there were no more pending long orders to be found anywhere in the universe.
In conclusion, to me it looks like the MMs are bulls on AU and bears on EU. We cannot know how price will move next, but I do think any price moves to the contrary will only be moves by the MMs to accumulate for themselves more long orders for AU and more short orders for EU, and to fill more such orders by the dirty, rotten, stinking, greedy, price manipulating banks before substantial new runs get started.
-tah
Lets begin by viewing AU on the H1 chart. Note the highest volume of Friday occurred in the hour immediately following the close of the London session. If the Market Makers were looking to accumulate short orders, they apparently had a lot of pending long orders down there that they could take the opposite side of. But, if long orders abounded down there, why not lower also? Why the apparent support? You'd think if traders were willing to place pending long orders down there, they'd place them lower also,....better for them! So, this move down might be the MMs accumulating long orders, and the reason for the support that kept the MMs from being able to take the price lower would likely be because there were no lower pending short orders for the MMs to take the long side of. In conclusion, therefore, this is most likely a picture of the post LS move down being a clue that the MMs are bulls and are accumulating long orders.
Now, lets view EU on the H1 chart. Note that the highest volume of the day was for a bear bar midway thru the second part of the LS. And the price continued to fall right up to the close of the LS and on into the after hours. The price dropped 60 pips in after hours trading! And the volume continued to be significant right up to the price hitting the lows of the entire day! No saving support here from any concentration of long orders! This picture of EU looks more like the price dropped so much because there was no concentration of pending longs to give the price support, and when the MMs did stop the price drop it was probably because they were not willing to accumulate more short orders at lower prices. In turn, that could mean more accumulation of short orders is coming next week (a price hike), before the MMs run the price much lower. Of course, the MMs could simply have run out of liquidity for shorting no matter how much lower they were willing to go, because there were no more pending long orders to be found anywhere in the universe.
In conclusion, to me it looks like the MMs are bulls on AU and bears on EU. We cannot know how price will move next, but I do think any price moves to the contrary will only be moves by the MMs to accumulate for themselves more long orders for AU and more short orders for EU, and to fill more such orders by the dirty, rotten, stinking, greedy, price manipulating banks before substantial new runs get started.
-tah
- #64,280
- Edited 6:02am Jan 19, 2014 5:49am | Edited 6:02am
- Joined Nov 2013 | Status: Trading Chaos | 1,133 Posts
Anyone else thinks EA is building shorts?
Therefore with a strengthening AU this may be an indicator that EA is in the phase of distribution.
We'll know this week for sure....I actually see bullish signs in EU too.
Edit: You can see that PA was pushed above the 1/2 number two times on decently notable volume. Its also hard to ignore the massive spike up on the left indicating that price has been pushed up by the MM's to acquire better shorting opportunities. These reasons alone should provide enough insight into why it is predominately bearish.