PVSRA (Price, Volume, S&R Analysis) | Page 45 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

PVSRA Scalping with Cigarguy 15,476 replies

My Price Action with FIFO, PVSRA, TDI, Fib and EMA Indicators! 1,765 replies

Scalping M5 with PVSRA / 10pips Daily 64 replies

PVSRA Scalping 0 replies

Attachments: PVSRA (Price, Volume, S&R Analysis)
Exit Attachments

PVSRA (Price, Volume, S&R Analysis)

  • #881
  • Edited 4:54am Jun 6, 2015 4:34am | Edited 4:54am
Quoting traderathome
Our Giving Dear Gals and Guys, Not quite a week has gone by since we posted our brand new PVSRA template and supporting indicators. Well over one thousand people have come to get them! I believe that sets an incredibly high standard here at Forex Factory, one that might never be reached by others. And this is as good a time as any to re-thank those whose efforts have made our template and indicators so popular. We owe a debt of gratitude to them for their work: "caveman" - for his generous contribution to TzPivots coding back in the early...
Hey Prof !

I've been a silent follower of your thread. Can't thank you enough for your immense selfless contribution in the learning of my and many other aspiring traders. Your template in particular has been a life saver without which I could not have become a consistently profitable trader.

Kindest Regards !
  • #882
  • Jun 6, 2015 4:57am Jun 6, 2015 4:57am
Quoting traderathome
A Received PM: Hi Tah, Just Joined your Thread.I am 67Yr Old and been trading Live since 3Yrs,incurring Losses.I saw ur Thread and found interesting. I would Like to Learn from you,Right from ur 1st Lesson.Could you guide me from where, I can Find. Seeing ur Charts , I could not make out, whether you are talking about the main Chart or the Volume section below. So I would Like to have ur 1st Lesson onwards. My Broker is Fxcm and using their Marketscope Chart of TS2.If necessary, I will...
Hi Tah,
Thank you for ur Reply.
I shall go through Post#1 and approach you for my doubts.:Rao
Sudersan Rao
  • #883
  • Jun 6, 2015 5:09am Jun 6, 2015 5:09am
USDCHF

Newbie Post: Accumulation activity below the whole number on 15 minutes, 30 minutes , 1 hour and 4 hour Time Frames. The MM's could be Bulls but they can move the price anywhere. What do I do then??? I wait for the clue of a bullish candle (Around this accumulation range) supported by volume to enter Long. (please correct me if I am wrong or if I have missed something)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCHFM15.png Size: 57 KB
Click to Enlarge Name: USDCHFM30.png Size: 59 KB
Click to Enlarge Name: USDCHFH1.png Size: 62 KB
Click to Enlarge Name: USDCHFH4.png Size: 61 KB
  • #884
  • Jun 6, 2015 5:49am Jun 6, 2015 5:49am
Tha, I think you should pay attention to the zones with volume increase. In your screenshot accumulation zone wit very low volume. Most of the time, accumlations are made during the high liquidity times, London open, Ny open. I would rather think that no picture on USD/CHF, and the recent bullish activity was a stop hunt. So we should wait for new clues. According to the recent clues, most of the volume was on the highs, possibly meaning distribution.
  • #885
  • Jun 6, 2015 5:55am Jun 6, 2015 5:55am
Quoting bodring
Tha, I think you should pay attention to the zones with volume increase. In your screenshot accumulation zone wit very low volume. Most of the time, accumlations are made during the high liquidity times, London open, Ny open. I would rather think that no picture on USD/CHF, and the recent bullish activity was a stop hunt. So we should wait for new clues. According to the recent clues, most of the volume was on the highs, possibly meaning distribution.
Thanks Bodring, Noted and added on my What to check for's during an analysis.
  • #886
  • Jun 6, 2015 6:16am Jun 6, 2015 6:16am
Quoting bodring
Tha, I think you should pay attention to the zones with volume increase. In your screenshot accumulation zone wit very low volume. Most of the time, accumlations are made during the high liquidity times, London open, Ny open. I would rather think that no picture on USD/CHF, and the recent bullish activity was a stop hunt. So we should wait for new clues. According to the recent clues, most of the volume was on the highs, possibly meaning distribution.
Idem. Look the high activity at the highs and then retrace the 50% with no volume ( i don think that the people on the high was buying...)
But...Tha, why you touch the CHF? after the black swan of january... the thing last i think is make orders on that...
Is your choice of course, only a comment
  • #887
  • Jun 6, 2015 6:30am Jun 6, 2015 6:30am
Quoting xrafax
{quote} Idem. Look the high activity at the highs and then retrace the 50% with no volume ( i don think that the people on the high was buying...) But...Tha, why you touch the CHF? after the black swan of january... the thing last i think is make orders on that... Is your choice of course, only a comment
I just chose it for PVSRA analysis learning only, thanks xrafax, I remember the black swan hahahahaha, I opened all the pairs on my panel just to install the PVSRA indicators, I use some for leaning purposes, I do not trade all. Thanks for the concern.
  • #888
  • Jun 6, 2015 7:29am Jun 6, 2015 7:29am
Quoting traderathome
{quote} Dear Mr. Scott, You and I started new threads within days of each other. You have your style of trading, and if it is a good one then hopefully it is also one that can easily be transferred to many, many others, so that they too can be successful. That is the purpose of this thread; to document a successful trading method so that many others can come here, learn it and apply it with better ease, and be more successful. I have no desire to waste time jousting with you over which method is better. Frankly, different people seem to do better...
Tah,

I am here to help and share ideas. You have extended an olive branch and I accept. I will leave you to your thread in peace.

Above anything, I treat people with respect and expect the same. If given, it is reciprocated.

Just trying to make a point that price is not random and we must not see nefarious forces at work, but rather price doing what it should. We just must be in tune with it.

I wish you success. Carry on..
The world you desire can be won. It exists.. it is real.. it is possible..
  • #889
  • Jun 6, 2015 7:56am Jun 6, 2015 7:56am
Would you please tell me how to set audio alert?
  • #890
  • Jun 6, 2015 7:59am Jun 6, 2015 7:59am
Cornucopia of thoughts

Hi guys. Please bear with me and try to make the best use out of this post.

Humans expect instant gratification, it is the way of modern ages. Newbie traders expect instant results, get rich quick schemes. That is why here are so many could you point me in the right direction messages (I posted similar messages throughout of my trading years). However, that's not all. There are other reasons as well. They (myself included) have been taught wrong for years by looking at other treads. 99% of threads are following this pattern: time frame (arbitrarily chosen), a combination of indicators, and a way to use that combination. And when the strategy fails, the response is to add more indicators... PVSRA is unique in that way as well because the emphasis is on basics and simplicity. There are no new indicators every time someone decides it would be a good idea to add some.

Then come guys like mr.scott and pet. Obvious bearers of negativity. I mean, PVSRA clearly works. Then why are those guys here? What reason drives them to spread negativity? How we should address them? TAH mentioned this thread is a textbook for PVSRA. Those negative guys and our response to them have made extra pages on this thread that don't teach PVSRA. It makes it much more difficult for newbies to wrap their heads around a very unique method and a way of thinking. Should we simply ignore negativity bearers? Delete their posts (if possible)? Maybe. On the other hand, those guys proved the strength of our family, sticking together in the face of destruction. Silver lining, I guess.

Lastly, I would like to express my gratitude to TAH, Fisher, Mauro-J and all others who contribute to this thread. I have learned a lot from you and probably will learn even more in the future. I'm looking forward to that. Newbies, if this method isn't clear to you at very first, don't worry, you are not stupid. All you have to do is to sick around long enough until it sinks in. It will be worth while to you. This comes from personal experience.

Marijan
  • #891
  • Jun 6, 2015 9:20am Jun 6, 2015 9:20am
Quoting marijan993
Cornucopia of thoughts Hi guys. Please bear with me and try to make the best use out of this post. Humans expect instant gratification, it is the way of modern ages. Newbie traders expect instant results, get rich quick schemes. That is why here are so many could you point me in the right direction messages (I posted similar messages throughout of my trading years). However, that's not all. There are other reasons as well. They (myself included) have been taught wrong for years by looking at other treads. 99% of threads are following this pattern:...
Yes, yes, yes and another million times yes!!!!

..............................................................

PVSRA
  • #892
  • Edited 10:30am Jun 6, 2015 10:06am | Edited 10:30am
Quoting Mr. Scott
{quote} Tah, I am here to help and share ideas. You have extended an olive branch and I accept. I will leave you to your thread in peace. Above anything, I treat people with respect and expect the same. If given, it is reciprocated. Just trying to make a point that price is not random and we must not see nefarious forces at work, but rather price doing what it should. We just must be in tune with it. I wish you success. Carry on..
Random: To Be or Not to Be....

Dear Guys and Gals,

You can tell from the referenced post that Mr. Scott and I fully agree on a salient point regarding the market; that price is not random!

Here we are constantly driving home our PRIME MARKET DIRECTIVE that we cannot know how price will move next, so you are probably wondering how I can subscribe to the statement that price is not random. Let me explain how I see it.

Some people say market pricing is random because we can never be sure how the Robber Bank MMs will move price next. Others say, regardless of that fact, overall there is a sense of "order" in how price moves and they refer to support for that statement from "harmonics", Fibonacci "gauges", patterns, etc.

It is to this list of "supporting" disciplines that I would add a very fundamental reality in the market, something that is definitely not random but which introduces randomness of pricing, and hence it is the key to why the market is difficult to take profits from,....except by the Robber Banks themselves.

This fundamental reality is that while traders trade in response to what they see on the chart, the Robber Bank MMs stand by ready to take advantage of moving price up and/or down the price queue at times when it is auspicious for them to do so because by doing so they can create liquidity to fill orders for themselves, then at some point run the price far enough in the profit making direction to fatten their wallets. This price manipulation by the MMs will often send price off in the least anticipated direction, sometimes at critical times. This creates a sense of random pricing in the market, but it stems from a core practice of the Robber Bank MMs to always be on the lookout for how most of the orders placed by institutions and other traders seem to align, and then look for a way to take advantage of it to take non-commission profits out of the market.

So, market pricing is "random enough" to make profitable trading a real challenge. And it is the direct result of the MMs manipulating prices to take additional profits for themselves out of the market. When will they manipulate prices to do this? What sequence of directions will their price manipulations take? How far will their price manipulations move the price in either direction? We can never know. This is what produces randomness in the market, because a lot depends on factors no one has control over, not even the MMs: how everyone else is trading, the balance or imbalance of orders between bulls and bears, what releases or combination of releases are coming that can somewhat disguise the real reason for price moves, etc. It is what makes trading difficult for us to easily profit from. Yet, in the much bigger picture, price tends to eventually end up having moved from one landing spot to another landing spot that seems a lot less random after all.

And, I think this is an appropriate time for all of us to be appreciative of what Forex Factory is, and what it allows us to do, which is to more easily allow more traders world-wide to communicate! Some folks use this medium of communication to lash out at others or stimulate their own ego. Some use this medium in whatever constructive way they can to try and be of help to others. And many use this medium to simply try and learn how to figure out the market so they can stop losing money trading it. However all of us here at Forex Factory use this medium is not the responsibility of Forex Factory. Forex Factory has created it to help us all communicate with each other. We should be ever grateful to have this medium at our disposal. And we should ever be humble and slow to respond in angry self-defense, because often what separates traders is far less important and far less fundamental than what can bind them.

tah
  • #893
  • Jun 6, 2015 10:09am Jun 6, 2015 10:09am
Quoting marijan993
Cornucopia of thoughts Hi guys. Please bear with me and try to make the best use out of this post. Humans expect instant gratification, it is the way of modern ages. Newbie traders expect instant results, get rich quick schemes. That is why here are so many could you point me in the right direction messages (I posted similar messages throughout of my trading years). However, that's not all. There are other reasons as well. They (myself included) have been taught wrong for years by looking at other treads. 99% of threads are following this pattern:...
  • #894
  • Jun 6, 2015 10:46am Jun 6, 2015 10:46am
Our Giving.....

In one week to the minute, there has been one thousand three hundred and sixty six downloads world-wide of our free template and indicators. And this degree of successful sharing would not be so possible without Forex Factory. We have a great communication medium given us at FF, for which I remain ever grateful.

Due to the need to fix the Levels function in the Access Panel for traders with 4-digit brokers, the coding change for which was posted here on the thread yesterday, and because I have been working on some "fine touch" improvements on several indicators, I plan on soon upgrading the Post #1 file for our template and indicators. When that occurs, I will also post to the thread a notice that the file has been upgraded.

tah
  • #895
  • Jun 6, 2015 2:10pm Jun 6, 2015 2:10pm
Quoting traderathome
{quote} Random: To Be or Not to Be.... Dear Guys and Gals, You can tell from the referenced post that Mr. Scott and I fully agree on a salient point regarding the market; that price is not random! Here we are constantly driving home our PRIME MARKET DIRECTIVE that we cannot know how price will move next, so you are probably wondering how I can subscribe to the statement that price is not random. Let me explain how I see it. Some people say market pricing is random because we can never be sure how the Robber Bank MMs will move price next. Others...
Traderathome, you really make some great points, and I completely agree with your thought process about how randomness in the Forex market is actually created.
  • #896
  • Edited 7:00am Jun 7, 2015 6:04am | Edited 7:00am
A PVSRA Colorful Reminder

I have always said the key thing to note about PVA events is whether price seems to be favoring higher or lower prices when the PVA event occurs.

PVA events tend to appear when price swings either high, or low. If swinging high, a PVA event can appear for bars moving price up towards the area of highs that will be obtained by a coming bar. It can appear on the coming bar that puts in a significant high. And it can appear on a later bar that involves price moving down from the area of high prices established. When we see one of more of these bars we should look to see where the highest price is made. Is it made above a key SR level like a whole or a half number? If not, is it nevertheless made above a quarter Level, or historically significant SR level. Is it to within some historically significant consolidation area? Any of these occurrences is a PVSRA indication of bears.

You understand, of course, the same goes for the reverse where PVA events appear for bars extending to lows, putting in the actual low, later coming back up from the area of the lows,.....and the rest. And such would result in a PVSRA indication of bulls.

From the beginnings of PVSRA I have said PVA events are important not for their particular color, but for what price seems to be doing when they occur! To reinforce this, take a look at the attached M30 chart for USDCAD, showing only the climax PVA events. It is obvious that on NFP Friday last week the MMs manipulated price back above the half Level to sucker in longs and to stop hunt shorts, both to get liquidity to fill their own short orders. And then they manipulated the price downwards. This is clearly a bearish event. And, while price has not yet made lower lows and might be pushed back up again, there is now increased probability this will become more bearish. And yet, starting with the LS on Friday, do you see even one RED bar? Not on this M30 chart you don't! You will find both GREEN and RED bars on your M15 chart, however. And this should confirm to you what I have always said,.....that it is not the color of the bar that denotes bulls vs bears, it is what the price is doing during the PVA event..

Think about this. Whether a candle appears on your chart as a bull or as a bear candle is simply an "accident of birth and death" of the candle. Sometimes a series of "accidents" that are consistent in both bull or bear coloring and price results can be meaningful. However, when there is high volatility and candles with large ranges, the MMs can be using up all liquidity, both above and below, primarily to get either long or short positions built. It is immaterial where such high range candles open and close. That is just an "accident of birth and death" of the wide swing! It is important to not let the PVA color of PVA events taint the clue.

Please keep all the above in mind.

PVSRA and Patience,
tah
Attached Image (click to enlarge)
Click to Enlarge Name: Jun 2015 - 054.png Size: 34 KB
  • #897
  • Jun 7, 2015 7:12am Jun 7, 2015 7:12am
Quoting Mauro-J
{quote} AU ; EU ; EJ short trade closed {image} {image} {image}
  • #898
  • Jun 7, 2015 7:51am Jun 7, 2015 7:51am
Quoting traderathome
Another Lesson in PVSRA: EURUSD Using the chart from two posts above, there is a neat PVSRA clue to be had from it. I have marked three price consolidation areas. As you can see, when price dropped on the NFP release, it went all the way down to briefly touch into the upper part of the first consolidation area. Subsequent MM price manipulation thru the day landed the price in the same area as the second consolidation area. The clue is this,.....since the MMs can land the price wherever they wish, by landing it in the higher consolidation area instead...
EURUSD (Revised)

With more time to cogitate on this one, I am sort of "neutral" for now on it. I was tending towards bearishness, but take a look at the H4 chart.

The H4 chart shows that after all was said and done on NFP Friday, the MMs only placed the price in a very neutral spot. Yes, it looks like they ran price below whole, then below half, and back up to above whole,......which could be an indication of bulls. This is contrary to my referenced post. Conflicting PVSRA, at the least. But, and maybe more true is that from here the MMs can go either way and make good money - depending on "news" and where SM tends to place new orders - without actually carving out new price territory, something that might "worry" the market and cause orders to fall off if they did so. And, if orders fall off, so does the MMs commissions and profits.

So, at this point I am basically neutral. I suspect we will need at least a couple of days into the week for more PA to help with this one. In any case, there is sufficient room either way for profitable trading, and so maybe the more immediate PVSRA clues still are the most valid ones. And maybe that means the previous post about indications of bears is still valid. Time will tell.

tah
Attached Image (click to enlarge)
Click to Enlarge Name: Jun 2015 - 055.png Size: 32 KB
  • #899
  • Jun 7, 2015 8:00am Jun 7, 2015 8:00am
Quoting traderathome
A PVSRA Colorful Reminder I have always said the key thing to note about PVA events is whether price seems to be favoring higher or lower prices when the PVA event occurs. PVA events tend to appear when price swings either high, or low. If swinging high, a PVA event can appear for bars moving price up towards the area of highs that will be obtained by a coming bar. It can appear on the coming bar that puts in a significant high. And it can appear on a later bar that involves price moving down from the area of high prices established. When we see...
USDCAD Short Trade Open:
I was not at PC for two days becouse of my regular job, that's why I didn't close this trade.
But when I look at this now, there are many SL hunts above the whole level. Maybe they bring it up again, but it looks like more downside to me, considering how much liquidity they got..
Did you close it becouse it was friday?

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1 shorts.png Size: 73 KB

Maybe I'm wrong but I would expect they bring it below the lower whole level and make a LL again..
PVSRA
  • #900
  • Jun 7, 2015 8:02am Jun 7, 2015 8:02am
A PM Received:

Hi,

I am new to trading. I cant get my head around fundamentals. I am wondering if euro will rally once greece gets a deal? I was planning to short it on Monday. Any help will be appreciated

Thanks


My Reply:

Dear ______,

If you start at Post #1, you can progress. One thing we consider always is what we call the PRIME MARKET DIRECTIVE, which is that we cannot know how the MMs will move price next. We get our clues from PVSRA and trade accordingly, always knowing that at anytime the price manipulating MMs can turn the tables.

I suggest you decide on a thread that offers a method and good ongoing instruction and examples. And dedicate yourself to the work and participation involved with that.

Sincerely,
-tah
8 traders viewing now