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PVSRA (Price, Volume, S&R Analysis)

  • #621
  • Edited 4:47pm Jun 2, 2015 4:11pm | Edited 4:47pm
Quoting joinforsonic
{quote} Hi LastSAMURAI, thanks for explaining. However, I think you dont get my problem. I turned on Helsinki candles and I wanted to use the Helsinki candles instead of "normal" ones. I'm just saying that the Helsinki candles does not repaint itself against the market prices. As you can see from the bid line, the candle body of the helsinki should repaint itself to where the bid line was. Instead, there is an almost 80 pip price gap on the last candle (on the daily time frame of AUDUSD). If you refer the my attached picture, you will see that there...
The Heiken Ashi Candles are Fine

I have tested the HA candles draw against the HA draw of the Heiken Ashi.mq4 indicator supplied with MT4 by MetaQuotes. The only difference, which I coded into our HA candles, is that our HA candles will show price gaps whereas normally all price gaps are filled by the normal HA draw. And this was mentioned in the User Notes. And this slight change is not causing any difference when switching from a lower TF to a large TF, or switching in any other manner. In other words, aside from showing price gaps our HA candles are drawn exactly the way they are drawn by the MT4 supplied HA indicator.

To investigate this further, I suggest you supply a picture showing a difference between our (and the MT4 supplied indy) and that of whatever indy is drawing them otherwise. And supply that other .mq4 file so we can research the coding.

However, I suggest that you will not find such an indicator. Please check out the most recent coding from MT4 in their supplied HA candle indicator, because you will find that BID price is not anywhere used in the creation of HA candles. Only O/H/L/C prices are used! This is why, no matter what TF chart you view HA candles on, and no matter what chart TF you switched from, the bid line really has nothing to do with the HA candle shown. In other words, the current high or low of the HA candle body is not a function of past or current bid price.

-tah
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  • #622
  • Jun 2, 2015 4:17pm Jun 2, 2015 4:17pm
Quoting Mauro-J
{quote} For All New Comers who are new to PVSRA - Read and Re-Read The First Post Page#1, and then PRACTICE in accordance with the understanding you get from this thread. Just for additional to help you i'll explain some basic principles in PVSRA, and its all start from Post#1. PVSRA (stands for Price, Volume, Support, Resistance Analysis) its consist of PRICE - VOLUME - S&R. These three factors have a concrete relationship and is a inherent unity. This PVSRA used to understanding the market - understanding how the market really works. With this...
Two words.. WOW... and Thanks! LoL
insanity: Doing the same thing over... and expecting different results -AE
  • #623
  • Jun 2, 2015 4:27pm Jun 2, 2015 4:27pm
Quoting LastSAMURAI
{quote} I definitely get your problem but you don't get what I mean. Read this please: http://www.investopedia.com/terms/h/heikinashi.asp and understand that heikinashi candles have different formulas and that's why bid price is in different place than heikin ashi candle close Close = (Open+High+Low+Close)/4 Open = [Open (previous bar) + Close (previous bar)]/2 High = Max (High,Open,Close) Low = Min (Low,Open, Close)
Hi LastSAMURAI, I think i get it now.

Its working exactly the same as per the MT4 Heiken Ashi.mq4 and I apologies for my misunderstanding caused.

Thanks Prof TAH and LastSAMURAI, i'll clean up my post.
  • #624
  • Jun 2, 2015 4:45pm Jun 2, 2015 4:45pm
Quoting joinforsonic
{quote} Hi LastSAMURAI, I think i get it now. Its working exactly the same as per the MT4 Heiken Ashi.mq4 and I apologies for my misunderstanding caused. Thanks Prof TAH and LastSAMURAI, i'll clean up my post.
Glad I was able to help.

I use a little bit different templates than these asked to use in this thread that is why I don't post my trades but I would like to thank TAH, MJ, Fisher and other Guys for such great lessons of trading.

May tons of green pips be with you all
  • #625
  • Jun 2, 2015 5:48pm Jun 2, 2015 5:48pm
Hello
I have 2 open trades on EUR/USD (1 lot and 2 lots). I see in the right corner :

PL: 2<300 avg p-2.4 = p - 710.0

Why do I see 300 instead of 3 lots?

I guess p-2,4 means that the average profit of all my trades is minus 2,4 pips?

My current loss is 71$. why do I see p-710 ?

Thanks
  • #626
  • Jun 2, 2015 5:50pm Jun 2, 2015 5:50pm
GBPUSD

See signs of bulls on M1, both late yesterday and soon after the start of this AS. All is PA below half Level, and note the activity levels at the lows. There are more than 9 hours to the next GBP high impact release, which is plenty of time for the MMs to work price up and down to sucker in longs too soon so they can be subjected to a stop hunt later, and to sucker in shorts as immediate feed for the grazing MM bulls.

You can see on M15 that the lower whole Level area is a likely target if bull MMs run a stop hunt, or simply work the price lower to sucker in more shorts ahead of time.
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  • #627
  • Jun 2, 2015 6:05pm Jun 2, 2015 6:05pm
Quoting traderathome
GBPNZD Long Trade Open (again, again!): Seems the Robber Banks can't get enough of this one. This makes three trips back to the well in just the US session. No TP, SL. Time will tell. {image}
GBPNZD Long Trade Closed(again, again!):

Manually closed for gain of 26 pips average.

Studying GBPUSD gives me the feeling the MMs are setting up for a rash of GPB high impact releases which start with the first in about 9.5 hours. And to me, it looks like the outcome overall could be bullish. And therefore, meanwhile, the GBP pairs might have the opposite pressure applied to them. In few words, there is a good probability GN will go back down before it runs up. And any run up might not happen until later in the week.
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  • #628
  • Edited 6:48pm Jun 2, 2015 6:33pm | Edited 6:48pm
GBPNZD Short Trade Open:

Per my post just closing the long trade, I see distinct possibility the MMs will not move GBP higher while all those high impact releases are pending,....assuming bullish, off course. So this pair might go down if the MMs work GBP up and down to build GBP longs before moving GBP higher. And so, when I see this suddenly get the pump, it occurs to me the MMs might be setting this up for a move down, by quickly getting price above the whole Level for some filling of SM short orders. Now, as sometimes happens, and if I am on the right track here, the thieving MMs might stop hunt the SM shorts after filling them. So, at some point this could go a bit higher before going on down again. In few words, longer range bullish, next day or so bearish, but possibly with a stop hunt on bears after they have come in.
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  • #629
  • Jun 2, 2015 7:12pm Jun 2, 2015 7:12pm
Quoting ryanwong
finally found home is been moving to here！！！still good and still Pro！but found something difference. why change ema34 to 50???
ryanwong,

I apologize for missing your post. The goal was to reduce use of price derivative indicators. One MA line should be sufficient if it is a sufficiently large period. The 50 EMA should more than adequately replace the combo of 34 and 89 EMAs. It is the only price derivative indicator now on our chart, useful for seeing the "longer" trend of pricing, for helping us to maintain that perspective while the MMs dance the price up and down to fill SM orders.

-tah
  • #630
  • Jun 2, 2015 7:36pm Jun 2, 2015 7:36pm
UJ, M5 scalp +5.9 entered on pullback from 124.000 key level , trend headed up and break of DO and USD vs JPY strength appeared good. Target was 124.250 area and closed a bit soon for a quick scalp......
Attached Image (click to enlarge)
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Keep It Simple
  • #631
  • Jun 2, 2015 7:42pm Jun 2, 2015 7:42pm
Quoting Pent56
{quote} With the MT4 trade levels switched off is there a way of being able to drag the tp and sl lines? Am I missing something very obvious here? (Probably!)
Quoting traderathome
{quote} Pent56, Dragging and dropping pending order lines (TP, SL) is the subject of EAs, which the Trade Levels indicator is not. If you want those values changed, you have to do so via the MT4 orders tile. Do not forget the use of the SL, TP overrides in the indicator to show your "Mental" values when you do/do not have hard values set. -tah
MT4 trade levels

Pent56,

Something in the back of my mind was bothering me about my reply to you on this. It finally came to me where you were coming from. So, for everyone here, let this summarize....

With the MT4 built-in trade levels turned on and with "Use 'Alt' key to drag trade levels" checked, you can drag and drop the TP and SL lines, and others such as pending orders, simply by putting the cursor on one such line, holding down the Alt key, and moving the cursor to where you want the line. Admittedly, this is easier than opening the Terminal and changing the associated orders. And, BTW, you do not have to have our Trade Levels indy turned off to do this. It will acknowledge any such changed TP and SL orders on the next tick.

However, one of the goals behind our Trade Levels indy is to make better trade information available while at the same time keeping the chart real clean. In that respect, we recommend turning off the MT4 trade levels.

-tah
  • #632
  • Edited 8:06pm Jun 2, 2015 7:49pm | Edited 8:06pm
Quoting jaxx80
Hello I have 2 open trades on EUR/USD (1 lot and 2 lots). I see in the right corner : PL: 2<300 avg p-2.4 = p - 710.0 Why do I see 300 instead of 3 lots? I guess p-2,4 means that the average profit of all my trades is minus 2,4 pips? My current loss is 71$. why do I see p-710 ? Thanks
Trade Levels

jaxx80,

You see 300 instead of 3 because, quite frankly, you have not done your homework! Hundreds of hours have gone into these indicators by those working on them, and partly to include User Notes with critical information. Now it is time for you to do your part.

It is apparent you still have not read Post #1 and followed all the instructions there.

I could simply give you the simple answer, screw all the preparations to avoid having to do so, and then in all fairness obligate myself to do the same for the next ten thousand newbies that arrive with an aversion to reading and thinking! I am not going to do that.

Please, do your homework like everyone is expected to do, instead of asking the forum such questions.

Thank You,
-tah
  • #633
  • Jun 2, 2015 8:03pm Jun 2, 2015 8:03pm
Dear all

Does a classic setup still apply in this PVSRA thread? Or pure PVSRA only?
  • #634
  • Jun 2, 2015 8:18pm Jun 2, 2015 8:18pm
Quoting Gold Miner
Dear all Does a classic setup still apply in this PVSRA thread? Or pure PVSRA only?
Gold Miner,

That is a fair question.

No, it does not apply. You see, that setup entailed using the Dragon and the first candle closing outside of the Dragon on PA wave leg #3 as a guide to entry. It was specific and therefor restrictive.

Here, the EMA is only to keep us with a sense of the larger trending of price. We use PVSRA to determine where SM might be buying and selling, and where we might anticipate - based on PA history - SM might place the corresponding selling and buying orders. This presents other entry opportunities based on price consolidations where we suspect SM is entering, or perhaps waiting to see if the MMs run a stop hunt on SM, and enter sometime afterwards when we have signs confirming the stop hunt was a stop hunt and not a reversal. Of course, you can always still use the rule of thumb to only enter long above the Trend angled up, and only enter short below the trend angled down.

Hope This Helps,
tah
  • #635
  • Jun 2, 2015 8:34pm Jun 2, 2015 8:34pm
Geez!

Hi TAH,
first, i again wanted to say THANKS for everything you have done, and continue to do. i trade full-time now, thanks mainly to you. i use your templates, and follow PVSRA as the basis of my chart analysis. i am stable with my weekly profit, and patient with my entry points. because i know what i am looking for.
but.. just wanted to quickly ask... and, i have looked through all the user notes but cant see anything (so you know i have done my "homework")... whether it is possible to make the bid line show in front of the dragon on the new PVSRA template?

No, you have NOT done all your homework! From Post #1 instructions:
Therefore, be hereby advised! Read the User Notes and experiment with the External Inputs of these indicators instead of asking questions!

I am very pleased PVSRA is helping you. But, you obviously have not experimented with the External Inputs of the indicator involved.

(Will it never end?....)
tah
  • #636
  • Jun 2, 2015 8:34pm Jun 2, 2015 8:34pm
Quoting traderathome
{quote} Gold Miner, That is a fair question. No, it does not apply. You see, that setup entailed using the Dragon and the first candle closing outside of the Dragon on PA wave leg #3 as a guide to entry. It was specific and therefor restrictive. Here, the EMA is only to keep us with a sense of the larger trending of price. We use PVSRA to determine where SM might be buying and selling, and where we might anticipate - based on PA history - SM might place the corresponding selling and buying orders. This presents other entry opportunities based on...
Ok,noted. Thanks TAH.
  • #637
  • Jun 2, 2015 8:51pm Jun 2, 2015 8:51pm
Quoting traderathome
AUD Alert! In the next 1.5 days there are several AUD high impact releases which the MMs can use as trigger events to pull off whatever they have plans to pull off. Look at AUDUSD attached and AUDJPY not attached. Both have been the subject of a concerted push up today by the Robber Banks, taking their prices above key Levels. We cannot know what the MMs will do with price, but it is entirely possible they are repositioning prices high in order to fill SM short orders. If so, they have reasonable time to do it. These bastard thieves have reasonable...
AUD Alert! (continued)

First release, first bump up.... The upper whole Level for AJ is too close now to not be a target area for SM to place "close longs, open shorts" if indeed they are overall bearish. AU has just been pumped above it's next whole Level.
Attached Image (click to enlarge)
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  • #638
  • Edited Jun 3, 2015 12:09am Jun 2, 2015 9:40pm | Edited Jun 3, 2015 12:09am
Quoting traderathome
{quote} AUD Alert! (continued) First release, first bump up.... The upper whole Level for AJ is too close now to not be a target area for SM to place "close longs, open shorts" if indeed they are overall bearish. AU has just been pumped above it's next whole Level. {image}
Yep,
missed my plan on AUD for my early morning, slept to long..
Well, there will be another chance..

Quoting Fisher755
{quote} Tah, I was thinking about that too in the morning and have a plan to wait 15 h untill next AUD high impact news. Watching it in next AS. Then can be nice additional clues . {image}
Nice plan without a clock to wake me up..

GBPAUD Short Trade Open:
Entered very small on a pullback. No TP yet.
Attached Image (click to enlarge)
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PVSRA
  • #639
  • Jun 2, 2015 10:05pm Jun 2, 2015 10:05pm
NZDUSD Long trade open... MM looks like gathering long and closing short below Whole number 0.71000. Looks like pushing price up and adding long around the EMA area.
High activities above half number 0.71500.
Attached Image (click to enlarge)
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Do comment. Still learning...
  • #640
  • Jun 2, 2015 10:06pm Jun 2, 2015 10:06pm
Quoting Fisher755
{quote} GBPCAD Long Trade Closed: Decided to take this one and leave only GBPUSD open to lower the risk. And not gready, since I had many green trades today. Don't want to damage that now. 84 pips total gain. {image} Sometimes this is good enough reason, maybe even for Tah...
GBPCAD Comment:
The story continues, the price brought back down again.
There is high impact news coming in 5 hours, this can go up again.
Demonstration how MMs profit many times on the same price..
Attached Image (click to enlarge)
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PVSRA
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