I'm happy and grateful to be a part of this thread.
Thanks, guys.
PVSRA (Price, Volume, S&R Analysis)
- #1,522
- Jun 16, 2015 4:27pm Jun 16, 2015 4:27pm
Provoking Thoughts..... Whenever you see a price making new high or new low on a PVA event followed immediately by a second PVA event, price reversal is imminent. - marijan993 It might not always be the case, but it seems to be the case so often that it might be "generally" true. The downside is that some reversals are puny, moving PA into a range where the opposite side of the range is not far enough away from a trade entry point that is based on this concept. Such might be more common if they occur during the AS. A lot depends on the magnitude...
due to hear your voice. Its 4:25AM here... 
-MJ
"Bulls make money, Bears make money, but hogs get slaughtered"
[
Thing that ALWAYS work
The previous discussion got me thinking even more about things that do work all the time. It's a perfectionist trait and one that is actually a disadvantage if you are a trader. Nothing works all the time, right? Wrong. There is one thing that works all the time. It's a capital preservation move and it is impossible to lose money if one plays that move. It's called sitting on the sidelines. I think that part of trading is not enough covered nor a due credit is given to it. When clues are inconclusive, one should sit on the sidelines. If you do that, you can't lose. (you can't win either, but that is not the point). The point is this: sitting on the sidelines while things are happening is an extreme psychological burden. You see price moves up and down, read how everyone is making tons of money and you are doing nothing... Then you jump in, do emotional trading and lose money. And do it again, and again. It's a vicious circle. What do you guys do when your conclusion is to take a position on the sideline? How do you cope with the pressure? Please discuss because I find this to be crucial aspect to success in trading because it exemplifies patience more than letting your profits run.
Marijan
The previous discussion got me thinking even more about things that do work all the time. It's a perfectionist trait and one that is actually a disadvantage if you are a trader. Nothing works all the time, right? Wrong. There is one thing that works all the time. It's a capital preservation move and it is impossible to lose money if one plays that move. It's called sitting on the sidelines. I think that part of trading is not enough covered nor a due credit is given to it. When clues are inconclusive, one should sit on the sidelines. If you do that, you can't lose. (you can't win either, but that is not the point). The point is this: sitting on the sidelines while things are happening is an extreme psychological burden. You see price moves up and down, read how everyone is making tons of money and you are doing nothing... Then you jump in, do emotional trading and lose money. And do it again, and again. It's a vicious circle. What do you guys do when your conclusion is to take a position on the sideline? How do you cope with the pressure? Please discuss because I find this to be crucial aspect to success in trading because it exemplifies patience more than letting your profits run.
Marijan
Thing that ALWAYS work The previous discussion got me thinking even more about things that do work all the time. It's a perfectionist trait and one that is actually a disadvantage if you are a trader. Nothing works all the time, right? Wrong. There is one thing that works all the time. It's a capital preservation move and it is impossible to lose money if one plays that move. It's called sitting on the sidelines. I think that part of trading is not enough covered nor a due credit is given to it. When clues are inconclusive, one should sit on the...
Do what you are afraid to do -Emerson
- #1,528
- Jun 16, 2015 5:14pm Jun 16, 2015 5:14pm
Thing that ALWAYS work The previous discussion got me thinking even more about things that do work all the time. It's a perfectionist trait and one that is actually a disadvantage if you are a trader. Nothing works all the time, right? Wrong. There is one thing that works all the time. It's a capital preservation move and it is impossible to lose money if one plays that move. It's called sitting on the sidelines. I think that part of trading is not enough covered nor a due credit is given to it. When clues are inconclusive, one should sit on the...
- Dont let the red getting bigger and bigger- hoping and praying that the price will move in the direction that corresponds to what we want, dont ever do this.
- Close or just fold when we are in red (losing positions) - and if PVSRA give signs that confuse us or contrary to our position -as fast as possible. And then read again the clues to make another plan, waiting patiently.
- Hold more longer as best as we can when we are in green (winning positions/profit) based on our PVSRA reading.
-MJ
"Bulls make money, Bears make money, but hogs get slaughtered"
- #1,529
- Edited 5:38pm Jun 16, 2015 5:16pm | Edited 5:38pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Thing that ALWAYS work The previous discussion got me thinking even more about things that do work all the time. It's a perfectionist trait and one that is actually a disadvantage if you are a trader. Nothing works all the time, right? Wrong. There is one thing that works all the time. It's a capital preservation move and it is impossible to lose money if one plays that move. It's called sitting on the sidelines. I think that part of trading is not enough covered nor a due credit is given to it. When clues are inconclusive, one should sit on the...
"Wall Street" is a breeding ground of greed, lust for riches and the mental attitude of entitlement to success. All a trader needs to do to be successful - assuming basic trading and "sucking up" skills exist - is to submit to the culture, subscribe to the culture, and promote the culture,....until they too one day have become yet another wealthy, narcissistic sonofabitch.
By comparision, for we retail traders of good moral fiber, it is all we can do to sit on the bench when it makes sense to sit on the bench,...holding our greed in check and striving for a higher mental plain of "common sense and good will towards all others", while we let others fight it out and we wait for the next train.
The real pressure is being in a trade when things have gone dicey.
Think of it as pressure vs patience. Here is where Cigarguy excells. Patience.....stalking......patience......stalking........HIT/PROFIT/EXIT! Time to go buy the wife a new pair of shoes!
Take a good look at GU, a perfect reason to be sitting on the bench. Really, do you want to try your luck at the biggest casino in the world, run by the biggest syndicate of crooks the world has ever known, ..........at a time like this, when it is pure gambling in a totally rigged, price manipulated "game"?
tah
- #1,530
- Jun 16, 2015 5:32pm Jun 16, 2015 5:32pm
{quote} Greed vs Humility "Wall Street" is a breeding ground of greed, lust for riches and the mental attitude of entitlement to success. All a trader needs to do to be successful - assuming basic trading and "sucking up" skills exist - is to submit to the culture, subscribe to the culture, and promote the culture,....until they too one day have become yet another wealthy, narcissistic sonofabitch. By comparision, for we retail traders of good moral fiber, it is all we can do to sit on the bench when it makes sense to sit on the bench,...holding...
"Bulls make money, Bears make money, but hogs get slaughtered"
- #1,532
- Edited 6:32pm Jun 16, 2015 5:48pm | Edited 6:32pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} So, you have decided to sit on the sidelines. How do you actually stay there? How do you put your patience skill into play?
Well, it helps if you've kept a good record of all the losses you've incurred by not sitting on your ass and patiently waiting for the battle to be over, and the victors to fire up the engine and point the train towards it's next destination.
Nothing will help you be more patient than ruminating over your losses due to hasty, imprudent action. And this applies to a lot more than just trading. Of course, there is always the alternative of picking up a good book and going off to a comfortable place to quietly read and relax.
tah
Is that ticker volume indicator how I keep track of volume or is it some other volume indicator? I think the below chart really shows the 3 groups of 4 hours the market is active. I also think that while trend lines can be absolute crap, they can also be eerily foretelling. It's the pullback we had this week after after breaking that last trend line that is very interesting to me, and I've seen it many times, though not every time. 
The blue lines are trend lines
The collared lines (aside from the single purple line) are daily Pivot where PP = black and so on.
The blue lines are trend lines
The collared lines (aside from the single purple line) are daily Pivot where PP = black and so on.
Do what you are afraid to do -Emerson
- #1,536
- Jun 16, 2015 6:19pm Jun 16, 2015 6:19pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Hi tah, What do you think about A/U chart? Bullish maybe? 0.7750 look like key level. {image}
I saw bullish signs when I ignored notable PVA at highs.
I saw bearish signs when I ignored notable PVA at lows.
I saw both when I ignored neither.
I saw nothing when I ignored everything.
What else can I say? Oh, that maybe this is not a good time to trade? Or, that anything can happen in the coming LS, and that likely everything will happen? And that all that matters is that traders had a wide enough SL to not get robbed, and that they were on the right side of the final outcome, which might be totally undone within the next day or two anyway, with price movements more sure, preceded by clear, consistent PVSRA clues, traded with a lot less risk? .........
tah
- #1,537
- Edited 7:03pm Jun 16, 2015 6:43pm | Edited 7:03pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Aptitude vs Arrogance
Getting ready for your trade to turn a profit come this next LS? Read on!
Really, do you want to try your luck at the biggest casino in the world, run by the biggest syndicate of crooks the world has ever known, ..........at a time like this (multiple USD high impact releases, including FOMC related releases), when it is pure gambling in a totally rigged, price manipulated "game"?
And just setting a SL, tight or otherwise, is probably just kissing money "Goodbye!" because there is good probability the Robber Bank MMs will go on a Whip Whackin' free for all! The sequence of price directions they implement, and the distances they take prices will be based in part on what exists on the price queue at the time. No one knows now what that will be. And only the SUPER HFT MMs will know what it is when they decide what to do about it.
When is "trading" not really trading at all, but pure unadulterated gambling out of arrogance, and making some over-traded accounts ripe for being picked clean?
Personally, I have been around long enough to see 3+ swings of 100-200 pips be the result of MMs price manipulations on a "key" day. And I have been around to see extravagant moves executed in this "no man's land" environment be totally undone later; a few days later, even just a few hours later in some cases! There is no need to trade such an environment. Anyone who thinks they have a need to take such risks with their money is not a trader of aptitude, but a person of arrogance with an addiction to gambling.
Some might have trades long preceding this day, and which might fare well. We cannot know how the MMs will manipulate prices. Risk is always present. And every trader makes their own decisions.
Best Wishes to All,
tah
Getting ready for your trade to turn a profit come this next LS? Read on!
Really, do you want to try your luck at the biggest casino in the world, run by the biggest syndicate of crooks the world has ever known, ..........at a time like this (multiple USD high impact releases, including FOMC related releases), when it is pure gambling in a totally rigged, price manipulated "game"?
And just setting a SL, tight or otherwise, is probably just kissing money "Goodbye!" because there is good probability the Robber Bank MMs will go on a Whip Whackin' free for all! The sequence of price directions they implement, and the distances they take prices will be based in part on what exists on the price queue at the time. No one knows now what that will be. And only the SUPER HFT MMs will know what it is when they decide what to do about it.
When is "trading" not really trading at all, but pure unadulterated gambling out of arrogance, and making some over-traded accounts ripe for being picked clean?
Personally, I have been around long enough to see 3+ swings of 100-200 pips be the result of MMs price manipulations on a "key" day. And I have been around to see extravagant moves executed in this "no man's land" environment be totally undone later; a few days later, even just a few hours later in some cases! There is no need to trade such an environment. Anyone who thinks they have a need to take such risks with their money is not a trader of aptitude, but a person of arrogance with an addiction to gambling.
Some might have trades long preceding this day, and which might fare well. We cannot know how the MMs will manipulate prices. Risk is always present. And every trader makes their own decisions.
Best Wishes to All,
tah
- #1,538
- Jun 16, 2015 6:57pm Jun 16, 2015 6:57pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ, M5 scalp +4.0 H1 & D1 candles both green, EMA angling up with stronger USD vs. JPY currency strength. This (Asian/Retrace Session) scalp was taking a bit too long so just took my quick pips. Key level 123.500 area was my initial target area but as PA was floundering closed....
Keep It Simple
- #1,539
- Jun 16, 2015 7:22pm Jun 16, 2015 7:22pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
