DislikedMy risk management consists of up to 20 entry points totalling no more than 5% risk on any one trade:{image}{image}Ignored
- #74,862
- Aug 7, 2014 2:42am Aug 7, 2014 2:42am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
EA - long. {image} {image}
Whatever is obvious is obviously wrong!"
- #74,863
- Aug 7, 2014 2:45am Aug 7, 2014 2:45am
- Joined Jul 2011 | Status: Trader | 1,521 Posts
{quote} EA - closed for 5226 pips gain
- #74,865
- Aug 7, 2014 3:50am Aug 7, 2014 3:50am
{quote} Sorry bro but this is Kinda of technical K.O of the market for your closed positions.. u have to think more ahead when u open position i know MM got me so many times. TONIGHT is AUD big impact news they will decide where goes AUD -70Pips move and more i see from my side this is AUD manipulation after LC, {image}
and we got more then 70 pips.Forming downtrend.
On daily classic.
Will look entry for short if appears This was half year of range if it can break 92what is bottom of range we will deep down very fast i am sure
Build your own dreams, or someone else will hire you to build theirs.
- #74,866
- Aug 7, 2014 4:04am Aug 7, 2014 4:04am
{quote} Haha Laughing as I said manipulation before news.. So obvios bad news
- #74,868
- Aug 7, 2014 7:24am Aug 7, 2014 7:24am
- Joined Nov 2013 | Status: Trading Chaos | 1,133 Posts
GBPUSD:
I entered long on what I believe is a scout entry after a classic set up having occurred but not yet run its course.
I also see much buying on high volume. NY session will see.
I entered long on what I believe is a scout entry after a classic set up having occurred but not yet run its course.
I also see much buying on high volume. NY session will see.
STOP LOSSES
"The decision to enter a trade is based upon some sort of analysis.
Regardless of what yours is, there was a reason the trade was valid.
The concept of validity is important because
stop losses should not be based on a percent or dollar amount, but rather where the trade is no longer valid."
A quote from the book "Forex On Five Hours a Week" by Raghee Horner
"The decision to enter a trade is based upon some sort of analysis.
Regardless of what yours is, there was a reason the trade was valid.
The concept of validity is important because
stop losses should not be based on a percent or dollar amount, but rather where the trade is no longer valid."
A quote from the book "Forex On Five Hours a Week" by Raghee Horner
- #74,870
- Edited 9:33am Aug 7, 2014 8:58am | Edited 9:33am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #74,872
- Edited 10:11am Aug 7, 2014 9:41am | Edited 10:11am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} STOP LOSSES "......stop losses should not be based on a percent or dollar amount, but rather where the trade is no longer valid." That is an interesting statement. I have not read the pdf, but I will. Meanwhile, the question remains, how do we know when a trade is no longer valid? The concept behind SLs is to decide how much we are willing to pay to find out if the trade direction is right after all is said and done. But, we cannot know when all is said and done! We cannot know how the MMs will move the price next, which means we have no...
Go straight to Chapter 12 where she discusses the subject in detail.
I find it makes good sense.
- #74,875
- Aug 7, 2014 10:26am Aug 7, 2014 10:26am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} TAH, I have long been a follower of Raghee Horner's books. Go straight to Chapter 12 where she discusses the subject in detail. I find it makes good sense.
Okay, I read that. Do you know what sticks out? The only constructive thing said about deciding if a trade is still valid is the statement "Why are you taking any trade?"
So, if a competent PVSRA says bulls, then all the shell-shocking at "news" matters not, no matter how deep a bear move goes. And this has been my position. The trade size and the account size should accommodate the shelling - even adding during shelling - otherwise the trade should not have been entered in the first place. If this is not to be the situation of our trading, then a close-in SL is fine, and hopefully there will be enough good trades to make up for the losses thus constantly incurred.
However, if you have ferreted out some other wisdom from all of that, please - for the sake of Sonciers - do post some trades exhibiting the conduct of that wisdom so that in your demonstration of application we might all learn.
-tah
- #74,876
- Aug 7, 2014 10:37am Aug 7, 2014 10:37am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #74,877
- Edited 11:30am Aug 7, 2014 10:57am | Edited 11:30am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
EA - long. {image} {image}
{quote} EA - closed for 5226 pips gain
Sonicers,
If there is any one person here whose consistency of success warrants a following, it is loeil. His trading is based on M15/H1 with the mind's eye tuned to look for signs of strength/weakness in the background. In other words, he uses PVSRA to determine if the MMs are bulls or bears and where price is in the larger sense of bull and bear swings. Once he decides his determination has sufficient validity he begins to build his trade. And he has contributed to this thread immensely by posting his trading in real-time, from start to finish.
For more information:
http://www.forexfactory.com/showthre...47#post7646447
As you can see, his first entries are not necessarily the best ones, but that is not due to any failing on his part. It is because we cannot know how the Robber Bank MMs will move the price next. He compensates by being conservative in entry size, so he can add in the future when ongoing PVSRA indications support making additions to the trade. And he is a patient trader, giving the MMs enough rope and time to relinquish profits to him.
My hat is off to loeil. Frankly, I think he should be running this show.
-tah
- #74,878
- Edited 1:17pm Aug 7, 2014 1:03pm | Edited 1:17pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Market Comment: Robber Banks at Work!
Look at your EU, GU and NU charts for today. After the whacking they were given in conjunction with "news" the price started rebounding during the time remaining until the LS closed. After the LS closed, the prices have been falling again. This is an indication the MMs are bulls.
The MMs dropped their prices - their "news" manipulation - which was nothing more than Stop Hunts of longs. Then they continued buying, which began to move their prices upwards again, into the close of the LS. Afterwards, in light trading after hours - now less competition for getting longs filled at lower prices - the MMs have started working the price lower again so that the last day of the week starts with the lower prices, which will be better for them as they continue building their long positions.
Now, lets do some mental gymnastics and look at USDCAD. Exactly the same thing went on here, so far as price movement goes, but the meaning is entirely opposite! You see, this is how the big Robber Bank MMs keep traders off balance, making them easier targets for robbing them of their positions. In this case the MMs are bears. They previously whipped the price up out of the range to above a half number, dumped their longs and started building their shorts. The Asian session today was used to "make like bulls" to coax longs in so the MMs could have liquidity for shorting. The MMs "news play" was to whack the price (just like above), but in order to trick longs into thinking "Wow! What an opportunity to add long!", so the MMs could build more shorts. The subsequent rise in price into the close of the LS was nothing more than a continuation of the ruse "make like bulls" and to get the price higher for on-going accumulation of short orders. And the drop in after hours is nothing more than the MMs computers seeking liquidity for shorting by triggering pending long orders that are put on the queue.
A natural reaction to seeing the same sort of PA on opposite pairs (like GU and UCad) and thinking that somehow the same PA means exactly the opposite, is to be disturbed by the realization that you cannot trade on PA alone, simply because any move can have totally opposite intents behind it. This is why PVSRA is so valuable. Over time, many clues from different aspects begin to form a "consensus" on which to base our determination if the MMs are bulls or bears. With that determination, and a bird's eye view of where PA is in the bigger picture of bull/bear swings, we can be more correct with our trading. And when these Robber Banks whip 'n whack price to shell shock us into losing our convictions, we will better know if to hold, fold or add!
-tah
Look at your EU, GU and NU charts for today. After the whacking they were given in conjunction with "news" the price started rebounding during the time remaining until the LS closed. After the LS closed, the prices have been falling again. This is an indication the MMs are bulls.
The MMs dropped their prices - their "news" manipulation - which was nothing more than Stop Hunts of longs. Then they continued buying, which began to move their prices upwards again, into the close of the LS. Afterwards, in light trading after hours - now less competition for getting longs filled at lower prices - the MMs have started working the price lower again so that the last day of the week starts with the lower prices, which will be better for them as they continue building their long positions.
Now, lets do some mental gymnastics and look at USDCAD. Exactly the same thing went on here, so far as price movement goes, but the meaning is entirely opposite! You see, this is how the big Robber Bank MMs keep traders off balance, making them easier targets for robbing them of their positions. In this case the MMs are bears. They previously whipped the price up out of the range to above a half number, dumped their longs and started building their shorts. The Asian session today was used to "make like bulls" to coax longs in so the MMs could have liquidity for shorting. The MMs "news play" was to whack the price (just like above), but in order to trick longs into thinking "Wow! What an opportunity to add long!", so the MMs could build more shorts. The subsequent rise in price into the close of the LS was nothing more than a continuation of the ruse "make like bulls" and to get the price higher for on-going accumulation of short orders. And the drop in after hours is nothing more than the MMs computers seeking liquidity for shorting by triggering pending long orders that are put on the queue.
A natural reaction to seeing the same sort of PA on opposite pairs (like GU and UCad) and thinking that somehow the same PA means exactly the opposite, is to be disturbed by the realization that you cannot trade on PA alone, simply because any move can have totally opposite intents behind it. This is why PVSRA is so valuable. Over time, many clues from different aspects begin to form a "consensus" on which to base our determination if the MMs are bulls or bears. With that determination, and a bird's eye view of where PA is in the bigger picture of bull/bear swings, we can be more correct with our trading. And when these Robber Banks whip 'n whack price to shell shock us into losing our convictions, we will better know if to hold, fold or add!
-tah
- #74,879
- Edited 1:39pm Aug 7, 2014 1:26pm | Edited 1:39pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
