Dragon the best Indicator
- #80,502
- Apr 10, 2015 5:27am Apr 10, 2015 5:27am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
- #80,503
- Apr 10, 2015 5:29am Apr 10, 2015 5:29am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
- #80,504
- Apr 10, 2015 5:52am Apr 10, 2015 5:52am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
- #80,507
- Apr 10, 2015 6:45am Apr 10, 2015 6:45am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
- #80,508
- Apr 10, 2015 6:51am Apr 10, 2015 6:51am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
- #80,509
- Apr 10, 2015 7:09am Apr 10, 2015 7:09am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
Stats for the Week
8 trades
All winners
33.1 pips average
264.9 pips total of averages
PVSRA and Patience,
tah
8 trades
All winners
33.1 pips average
264.9 pips total of averages
PVSRA and Patience,
tah
- #80,512
- Apr 10, 2015 7:23am Apr 10, 2015 7:23am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
- #80,513
- Edited 10:19am Apr 10, 2015 10:05am | Edited 10:19am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
- #80,515
- Apr 10, 2015 12:09pm Apr 10, 2015 12:09pm
Friday session.
Didnt spend too much time for trading, some trades were opened on mobile MT4. We can say that I was opening "blindly", but Sonic helped me to close the day in green (~110 pips overall).
This is a great system girls and guys, start learning it, if you havent already!
Weekly stats
388 pips profit
77% accuracy
Have a nice weekend everyone!
FN
Didnt spend too much time for trading, some trades were opened on mobile MT4. We can say that I was opening "blindly", but Sonic helped me to close the day in green (~110 pips overall).
This is a great system girls and guys, start learning it, if you havent already!
Weekly stats
388 pips profit
77% accuracy
Have a nice weekend everyone!
FN
Stay green! FN
- #80,518
- Edited 5:05pm Apr 10, 2015 3:46pm | Edited 5:05pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
Flickering Price Bar Color
Gals and Guys,
I received a PM question I think best answered here so others can also consider it......
Let me know please, what does it mean for example when we are 5 minutes to the close of an H1 bar and we see it flicker from red to green to red etc , does this mean we are close to a 50-50 in percentages of buy/sell orders? & How do you analyze such a situation. It's occurring now in EU H1 .... The thieves have been slaughtering longs past days, of course only to get rid of their shorts with max profit and then refill up on longs to drive it back up and slaughter shorts. You know the deal
The switching back and forth between bull and bear coloring only signifies the back and forth price movement across the open price for the time frame. We are talking about the color of the price and volume bars here, not the color of the Bid Price Dot on the chart which can change color as price moves up and down from one whole pip value to another.
Normally, a PVA price bar (and volume bar) will not "flicker". It might change colors off and on as price moves up and down during a time frame, but a flickering of color would indicate the price is concentrated around the open price of the time frame, and this concentration implies the market is giving the price level a heightened degree of importance. An overview of the chart, where this price level is relative to the overall price action, might yield a clue as to if this concentrated activity is likely driven by the filling of orders to buy or sell. For example, if price has attained new and significant lows then this would most likely indicate buying to close shorts. If price has reattained the lows - a second or higher hit at the lows - then the odds increase that the buying is now to open longs.
My PVA chart does not show the H1 bar with color, so I have attached a non-PVA picture (pic. 1) that highlights the H1 bar you refer to. As we see, it ended bullish and with a small spread. The small spread indicates the price concentration. This is why a PVA price bar could flicker in color, because price could have frequently moved back and forth across the bar open price during some part of the hour, as the MMs repeatedly manipulated price up/down to fill orders. The fact that this bar follows a second hit low in the area of the lows of the day means there is a high likelihood the orders are no longer to close shorts, but to open longs, and as many below the whole Level as possible (PVSRA).
I have attached a PVA picture (pic. 2) of the M5 chart and have highlighted the last 12 time frames constituting the H1 bar. It is easy to see that in the last five minutes of the day the bar spread extends from below the whole Level to above the open price of the H1 TF. This is price volatility. To cause the flickering you mention on a PVA chart the price must have frequently crossed the open price for the H1 TF bar, as the MMs repeatedly manipulated price up and down, seeking last minute liquidity to fill orders.
tah
Gals and Guys,
I received a PM question I think best answered here so others can also consider it......
Let me know please, what does it mean for example when we are 5 minutes to the close of an H1 bar and we see it flicker from red to green to red etc , does this mean we are close to a 50-50 in percentages of buy/sell orders? & How do you analyze such a situation. It's occurring now in EU H1 .... The thieves have been slaughtering longs past days, of course only to get rid of their shorts with max profit and then refill up on longs to drive it back up and slaughter shorts. You know the deal
The switching back and forth between bull and bear coloring only signifies the back and forth price movement across the open price for the time frame. We are talking about the color of the price and volume bars here, not the color of the Bid Price Dot on the chart which can change color as price moves up and down from one whole pip value to another.
Normally, a PVA price bar (and volume bar) will not "flicker". It might change colors off and on as price moves up and down during a time frame, but a flickering of color would indicate the price is concentrated around the open price of the time frame, and this concentration implies the market is giving the price level a heightened degree of importance. An overview of the chart, where this price level is relative to the overall price action, might yield a clue as to if this concentrated activity is likely driven by the filling of orders to buy or sell. For example, if price has attained new and significant lows then this would most likely indicate buying to close shorts. If price has reattained the lows - a second or higher hit at the lows - then the odds increase that the buying is now to open longs.
My PVA chart does not show the H1 bar with color, so I have attached a non-PVA picture (pic. 1) that highlights the H1 bar you refer to. As we see, it ended bullish and with a small spread. The small spread indicates the price concentration. This is why a PVA price bar could flicker in color, because price could have frequently moved back and forth across the bar open price during some part of the hour, as the MMs repeatedly manipulated price up/down to fill orders. The fact that this bar follows a second hit low in the area of the lows of the day means there is a high likelihood the orders are no longer to close shorts, but to open longs, and as many below the whole Level as possible (PVSRA).
I have attached a PVA picture (pic. 2) of the M5 chart and have highlighted the last 12 time frames constituting the H1 bar. It is easy to see that in the last five minutes of the day the bar spread extends from below the whole Level to above the open price of the H1 TF. This is price volatility. To cause the flickering you mention on a PVA chart the price must have frequently crossed the open price for the H1 TF bar, as the MMs repeatedly manipulated price up and down, seeking last minute liquidity to fill orders.
tah
