- #81,481
- May 19, 2015 9:45am May 19, 2015 9:45am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #81,482
- May 19, 2015 9:46am May 19, 2015 9:46am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #81,483
- May 19, 2015 9:49am May 19, 2015 9:49am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #81,484
- May 19, 2015 9:51am May 19, 2015 9:51am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #81,485
- May 19, 2015 9:58am May 19, 2015 9:58am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #81,486
- May 19, 2015 10:17am May 19, 2015 10:17am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #81,487
- May 19, 2015 12:09pm May 19, 2015 12:09pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #81,488
- May 19, 2015 12:26pm May 19, 2015 12:26pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Hi guys.
I'm working on an idea and would like your opinions on it. The way most of you guys use PVSRA to make trading decision doesn't work for me for several personal reasons which also affect the rest of my life. Anyhow, it got me thinking: PVSRA clearly works. How can I make it work for me? So I came up with analyzing only the Asian session to make my decisions. Here is why. The AS is the slowest, the price and volume don't move much. When you open H1 chart, AS looks like a consolidation compared to LS and NYS. According to PVSRA, the MMs make most of their position building in consolidation. I then concluded the Asian MMs do the position building and London ans New York MMs do the run for money. I have limited my analysis on dollar crosses. I have been working on it for the last 20 or so days and I was always correct on my bias for every pair. I haven't actually made any trades (the aforementioned personal reasons), not even on demo, just tried to see what happened in Asian session to get my bias. It seems to be working for now. It even solves the problem of not knowing when the MMs will initiate the run for money phase to a certain extent. This way there is also less risk and potential drawdown involved, simply because of the short time frame in which I would have make my trades. As you can see, this is still mostly a train of thought.
What do you guys think of this? All opinions. especially criticism (since I suffer from lack of it), are welcome.
Marijan
I'm working on an idea and would like your opinions on it. The way most of you guys use PVSRA to make trading decision doesn't work for me for several personal reasons which also affect the rest of my life. Anyhow, it got me thinking: PVSRA clearly works. How can I make it work for me? So I came up with analyzing only the Asian session to make my decisions. Here is why. The AS is the slowest, the price and volume don't move much. When you open H1 chart, AS looks like a consolidation compared to LS and NYS. According to PVSRA, the MMs make most of their position building in consolidation. I then concluded the Asian MMs do the position building and London ans New York MMs do the run for money. I have limited my analysis on dollar crosses. I have been working on it for the last 20 or so days and I was always correct on my bias for every pair. I haven't actually made any trades (the aforementioned personal reasons), not even on demo, just tried to see what happened in Asian session to get my bias. It seems to be working for now. It even solves the problem of not knowing when the MMs will initiate the run for money phase to a certain extent. This way there is also less risk and potential drawdown involved, simply because of the short time frame in which I would have make my trades. As you can see, this is still mostly a train of thought.
What do you guys think of this? All opinions. especially criticism (since I suffer from lack of it), are welcome.
Marijan
- #81,490
- Edited 3:05pm May 19, 2015 2:15pm | Edited 3:05pm
- Joined Jan 2015 | Status: PVSRA with Traderathome | 1,689 Posts
Hi guys. I'm working on an idea and would like your opinions on it. The way most of you guys use PVSRA to make trading decision doesn't work for me for several personal reasons which also affect the rest of my life. Anyhow, it got me thinking: PVSRA clearly works. How can I make it work for me? So I came up with analyzing only the Asian session to make my decisions. Here is why. The AS is the slowest, the price and volume don't move much. When you open H1 chart, AS looks like a consolidation compared to LS and NYS. According to PVSRA, the MMs make...
my opinion is:
1.) Trades in the had (imaginary) are something completly different than actualy executed trades, easier than on Demo, which is much easier than Live.
2.) You would be working at night , since you live in my timezone. Bad-you should have as normal life as possible.
3.) You did not describe your personal reasons ( the obstacles), it would be important to know, but I can imagine what your reasons are and my advise is to start from the begining not from the end. You should start trading when this reasons are not there anymore, othervise there is a danger the problems wil reflect on your trading.
You should not be under any kind of pressure while trading (or minimize it), not adding the pressure that you must be profitable..
4.) Less liquidity- easier for MM's to manipulate.
Give youself time enough and stay on Demo until (seriously like you would trade on Live) you have profit for at least month or two, then small Live with micro positions without any outside pressure (your goal should be pips at first, not money).
The more you will wish and want to make money, the less you will acomplish.
I told you before, I have half an apartment in my trades turned into investment, if I would not have patience and time ( I sure didn't have the skills and expirience- started Live from day1),
this money would be long gone.
(I actualy managed to close - very small red-1 out of 7 positions today after 6 months.
)But I am sure every trader fitghts with demons and I would very much like to know,
what others have to say about the subject.
PVSRA
{quote} Marijan, my opinion is: 1.) Trades in the had (imaginary) are something completly different than actualy executed trades, easier than on Demo, which is much easier than Live. 2.) You would be working at night , since you live in my timezone. Bad-you should have as normal life as possible. 3.) You did not describe your personal reasons ( the obstacles), it would be important to know, but I can imagine what your reasons are and my advise is to start from the begining not from the end. You should start trading when this reasons are not there...
Thanks for your comment.
Maybe I didn't explained it correctly, or you misunderstood me. In any case, there were no trades at all, not even the imaginary ones. I use AS only to get my bias. The actual trades once they do happen, will be in London Session. Therefore, I would be trading during the day. The analysis of AS would be performed prior to London open. At this moment, it takes me only a few minutes to create my bias. Those personal reasons will soon be solved and I will be trading without additional stress, and of course, once the strategy I devised is completed. I still haven't worked on entries, exits nor money management. I'm still working on understanding PVSRA to get my bias. Thanks again.
Marijan
- #81,492
- Edited 3:04pm May 19, 2015 2:41pm | Edited 3:04pm
- Joined Jan 2015 | Status: PVSRA with Traderathome | 1,689 Posts
PVSRA
- #81,494
- May 19, 2015 4:04pm May 19, 2015 4:04pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #81,496
- May 19, 2015 7:11pm May 19, 2015 7:11pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} Hello Tah and fellow Sonic'ers, Our community here is something so valuable, as I enjoy everyone's input. I just wanted to get your inputs before I move on, as I feel I have begun to deviate from what is taught here in my own trading style that's unraveling. Tah/Sonic/Sonicers, I do implement the H4 dragon in my trigger for trade entries, but i feel that my style is no longer Sonic or PVSRA. Thus, although I don't mind posting and sharing my trades here, out of respect, I want to get your input on this. I don't want to lead other's astray...
Dear qFish,
You are an incredibly valuable contributor to the body of work here, with your programming skills, your trade examples and your trading ideas. I am sure I speak for others when I say these things. So, I implore you to put out of your mind the thought that your posts would be objected to.
You know we are in a state of flux now on this thread. Sonicdeejay has been mostly absent for well over two years, While he has had plenty of time to post regularly on his Facebook, he seems to have next to no time at all for this thread, which during the same time he as been absent has soared in popularity due to the contributions of others, including your highly valued contributions. He seems to value this thread only for the way it's new found popularity can be used by him to promote himself, since he is the thread originator. And so this is what he has done, and is doing, and is why FF has relegated us to the "Commercial Content" section. And while this does not hamper Sonicdeejay at all, it is not at all the best place for us if we are to continue forward in our intent to be a "place" that retail traders can learn of, and come to for assistance, and contribute to in return.
The trading method here has always been rooted in price action/waves and support & resistance (initially by way of pivots) and then augmented with the inclusion of volume. The Dragon-Trend has always been acknowledged as a price derivative lagging indicator, but accepted as method of completing the "picture" of a setup, and so helping to determine where to enter. And PVSRA is another augmentation. But, in the final analysis, we are still rooted in price action/waves and support & resistance.
How you trade, where your mind takes you, what you experiment with,.....all of this that we all do can sometimes yield unique fruit that can be cultivated and then shared when it seems worthy.
I think the bottom line is this. We are in a state of flux. A new thread will be started. Meanwhile, post as you please what you feel has merit. It might help shape what is to come, and for the betterment of us all and all that come to us in the future.
tah
- #81,497
- Edited 7:56pm May 19, 2015 7:34pm | Edited 7:56pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Considering a New Beginning (Continued)
Dear Gals and Guys,
I appreciate the inputs you have offered. I look forward to more from you on this, regarding the name for the thread, and anything else you wish to say about this matter. And I want you all to know that I would like if everyone considered a new thread to be "Our Thread" because without all of you it really has no life. The many minds willing to freely share because they care is what has distinguished the body of work we have all been participating in. This body of work will continue, and by staying true to this calling, no matter who you are, no matter where you live, no matter what your life circumstances are, you will benefit others and receive benefits in so doing.
Until the transition is accomplished, we continue here helping ourselves and each other. Some irons are in the fire, so to speak, and so the timing of leaving one building and moving into another is not yet scheduled. When we get there, some things might be different,....in good ways I hope, in ways that will further encourage and increase success.
Meanwhile, if you will please read the post above, understand that if you have an "Aha!" moment regarding trading, perhaps an idea that you then go to work on to examine for merit and it shows potential, feel free to post and share. Sometimes, just like with PVSRA, once more minds begin to investigate, it can become something better understood and useful to many traders.
tah
Dear Gals and Guys,
I appreciate the inputs you have offered. I look forward to more from you on this, regarding the name for the thread, and anything else you wish to say about this matter. And I want you all to know that I would like if everyone considered a new thread to be "Our Thread" because without all of you it really has no life. The many minds willing to freely share because they care is what has distinguished the body of work we have all been participating in. This body of work will continue, and by staying true to this calling, no matter who you are, no matter where you live, no matter what your life circumstances are, you will benefit others and receive benefits in so doing.
Until the transition is accomplished, we continue here helping ourselves and each other. Some irons are in the fire, so to speak, and so the timing of leaving one building and moving into another is not yet scheduled. When we get there, some things might be different,....in good ways I hope, in ways that will further encourage and increase success.
Meanwhile, if you will please read the post above, understand that if you have an "Aha!" moment regarding trading, perhaps an idea that you then go to work on to examine for merit and it shows potential, feel free to post and share. Sometimes, just like with PVSRA, once more minds begin to investigate, it can become something better understood and useful to many traders.
tah
- #81,500
- Edited 11:16pm May 19, 2015 10:06pm | Edited 11:16pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts