Disliked{quote} This is an access panel, not trade levels indicator settings. Trade levels should be look like this: {image}Ignored
Attached Image (click to enlarge)
- #71,102
- May 10, 2014 6:37am May 10, 2014 6:37am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} loeil, I, for one here, have great respect for your trading acumen. The greatest contribution to this thread you can make is to hammer home your technique for determining what you call the "background" status. And I wish you would. You have become progressively better at shifting from starting your position building too soon, to starting ever nearer the beginning of the trend reversal. How much difference would it be if you achieved starting at the apex of the trend reversal, to waiting for the following Classic setup, I do not know, but...
Good post and great idea to incorporate loeil's background analysis into this system and I personally believe this will become a great asset to this thread. Requests for his detailed background study methods have been a topic for discussion before and hopefully with your endorsement he will find the time to present such a helpful presentation;
Regards
Cigarguy
Keep It Simple
- #71,103
- Edited 7:07am May 10, 2014 6:52am | Edited 7:07am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
{quote} TAH, Good post and great idea to incorporate loeil's background analysis into this system and I personally believe this will become a great asset to this thread. Requests for his detailed background study methods have been a topic for discussion before and hopefully with your endorsement he will find the time to present such a helpful presentation; {image} Regards
{quote} USDCAD - someone asked me to analyze what I saw on UC before I took longs there. As I said in my previous posts that MMs behavior repeats every single day over and over again. This is a very good sample of it. {image} {image}
Background is the area what is in the left side on your chart, what is ready, what doesn't change anymore. For understanding what will be coming to the right side you have to understand what has happened in the left side.
What you see in the background - is there signs of bears or bulls? Signs of bears means weakness, signs of bull means strength. We are looking weakness(signs of bears) at tops and signs of strength(signs of bulls) at lows. Weakness appears on up bars, strength appears on down bars.
Actually it's very weird that people are asking about background now because everyone is writing in their posts that look they are bulls or they are bears! How those people are recognize that MMs are bulls or bears?? Therefore they have read the background for deciding that. Isn't it?
Analyses what most of sonicers posting are based on background!
Whatever is obvious is obviously wrong!"
Looks like somethings wrong with your trade level indicator too. In your case at the moment it should be red, not green.- #71,105
- May 10, 2014 7:09am May 10, 2014 7:09am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} I already posted one very good example how to read background before jump to trade. {quote}
loeil,
Yes you did, but I was primarily commenting on TAH's above post endorsing your background analysis, on a test basis, be incorporated as a partner to the Classic.
Hope you find the time to post such a detailed method. Regards,
Cigarguy
Keep It Simple
- #71,106
- May 10, 2014 7:11am May 10, 2014 7:11am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
Whatever is obvious is obviously wrong!"
- #71,107
- May 10, 2014 7:14am May 10, 2014 7:14am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
{quote} loeil, Yes you did, but I was primarily commenting on TAH's above post endorsing your background analysis, on a test basis, be incorporated as a partner to the Classic.
Whatever is obvious is obviously wrong!"
- #71,109
- May 10, 2014 7:24am May 10, 2014 7:24am
{quote} Trying to, I'm a full-time worker so I have not much time inside the week to analyze all trades but I'm trying to do my best
Loeil,
Cigarguy was talking about this TAH comment
--------------------------------
Dear loeil,
I, for one here, have great respect for your trading acumen. The greatest contribution to this thread you can make is to hammer home your technique for determining what you call the "background" status. And I wish you would.
You have become progressively better at shifting from starting your position building too soon, to starting ever nearer the beginning of the trend reversal. How much difference would it be if you achieved starting at the apex of the trend reversal, to waiting for the following Classic setup before building, I do not know, but at this time for most traders the latter would be less risky. On the other hand, if we all had the position building skill you seem to headed for, or if there was as sufficient documentation provided for all to learn to achieve it, then I would acquiesce and surely push for this method to become a partner with the Classic.
Perhaps, loeil, you could think on this and initiate a commitment to posting on an ongoing basis what you have determined to be the way to achieve knowledge of the "background", a sufficiently detailed "what to do and how to do it" method of determining "background" so that we could launch it as a "test method" for those that wish to do so. It would be apart from Classic trading and trade posts using that method would be clearly identified as being per the "test method". I know that this "method" is loosely referred to as "position building", but your success indicates a level of skill beyond the catastrophic manner "position building" started. Your technique deserves better than to simply be called "position building". So, I propose this in the hopes you will take on the work to solidify the technique and document it for possible inclusion into the Sonic R. System.
These two posts begin to achieve the kind of specific detail we all need to understand in order to become proficient. You obviously understand a lot more than your words (so far) impart to the reader. Bridging that gap, so that there are all the words there to convey, without any possibility of misunderstanding or of incomplete understanding, is what is needed here for this to become a partner with the Classic. And I would offer my services to attempt to compile from your future posts on the subject, so that a concise and competent description of the method of analysis could be available to all via a link in Post #1. This is a very delicate matter, due to the ease with which mistakes thru a lack of understanding can be made and accounts can be blown. However, if you can nail it, for all Sonicers to read, learn and apply successfully, then I support it. After all, the purpose of this thread is to help retail traders not become victims in this dog-eat-dot market:
http://www.forexfactory.com/showthre...59#post7460959
http://www.forexfactory.com/showthre...83#post7460983
I am sure that aficionados of "position building" would applaud your work on this because we know there are good profits to be made this way. A treatise on how to do it the best way to minimize risk of loss and blown accounts would be a great achievement and contribution to this thread, which is dedicated to helping retail traders become successful thru elegant simplicity and minimizing risk.
Loeil, I don't know of anyone who has better learned from the past year of the PVSRA project how to do what you, I, and some others here have been doing. So, I leave it in your hands and to your decision. If you make the commitment to adequately document, so will I to organize the documentation and push for it to become a partner to the Classic.
Sincerely,
-tah - #71,110
- May 10, 2014 7:33am May 10, 2014 7:33am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
{quote} Loeil, Cigarguy was talking about this TAH comment -------------------------------- Dear loeil, I, for one here, have great respect for your trading acumen. The greatest contribution to this thread you can make is to hammer home your technique for determining what you call the "background" status. And I wish you would. You have become progressively better at shifting from starting your position building too soon, to starting ever nearer the beginning of the trend reversal. How much difference would it be if you achieved starting at the apex...
Sry maybe I didn't express it very good 
Whatever is obvious is obviously wrong!"
- #71,112
- Edited 8:15am May 10, 2014 7:59am | Edited 8:15am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
- #71,114
- May 10, 2014 9:01am May 10, 2014 9:01am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
Can I find any video about this strategy ? Please help ..
https://www.youtube.com/user/petefaders
Very well explained volume, strength and weakness, support and resistance.
Whatever is obvious is obviously wrong!"
- #71,116
- May 10, 2014 10:32am May 10, 2014 10:32am
- Joined Mar 2011 | Status: Pip Boy Wonder | 1,378 Posts
- #71,117
- May 10, 2014 12:24pm May 10, 2014 12:24pm
{quote} I suggest you to watch "petefaders" channel in youtube and start with the first part of "The truth behind price movement" https://www.youtube.com/user/petefaders Very well explained volume, strength and weakness, support and resistance.
Thanks loeil , I am watching it ..
- #71,118
- Edited 1:37pm May 10, 2014 1:05pm | Edited 1:37pm
Hello everyone! Hope you all are enjoying the weekend and studying as much as you can! Here's what I have seen on EURAUD over the daily timeframe which would have told you to look for classic shorts. As you can see price found a nice zone of support by the first arrow. The second arrow became a retest of the zone but instead of price respecting it, the bears decided to engulf the zone and eliminate the demand. We then see price struggling back up to retest the source of the down move and created some nice Rally-Base-Drops eventually breaking down...
I see (TF H1) nice potential for reversal and I will watching for clasic next week.
Now is still downtrend
What happen on H1?
When price down volumen inreasing, but after selling climax and shakeout price down volumen decreasing.
What I look next week (maybe Monday)?
I look change on behaviour. Price up increasing volumen (is simple)
