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PVSRA (Price, Volume, S&R Analysis)

  • #1,761
  • Jun 19, 2015 8:02am Jun 19, 2015 8:02am
Quoting cigarguy
AU, -9.9 first looser in awhile as thought I could grab 5 pips on this pullback with AUD vs USD strength, but not to be. Target was 0.77500 key level but MM's had other ideas. The only thing we know for sure about FX is that we know nothing for sure..... Posting losers often is more helpful than only winners for all to witness and learn. Update: Of course after I closed PA ran down too my target area on the next hour candle. I was way too fast on the trigger this time as depicted below as my trading decision was correct to the target of 0.77500,...
Hey cigarguy,

I am not criticizing, just a question about money management with your style of trading. it seems like you have a 5 pip target and 10 pip stop loss. This means you will have to win about 70% of the time to break even. Are you able to make money in this situation? Or perhaps you are managing the trades differently than my impression.

Thanks.
  • #1,762
  • Jun 19, 2015 8:15am Jun 19, 2015 8:15am
Quoting Mauro-J
UCAD long trade opened, I think it's potentially a nice breakout, after some nice MMs activity below 1/4 level 1.22250. And if MMs want to add more longs, and if it so, may be they would pullback the price to the lower side just below the 1/2 level area 1.22500 (1.2240x). And then push the price up, target on RDH. But it they wouldnt, of course the price will rise to the new higher level. And it would be nice bullish for MMs with the up coming high impact news on CAD as the momentum to rise the market. I coulld be wrong, lets see, time will tell....
UCAD long trade closed for gain +28.1 pips
Attached Image (click to enlarge)
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"Bulls make money, Bears make money, but hogs get slaughtered"
  • #1,763
  • Edited 11:38am Jun 19, 2015 10:36am | Edited 11:38am
Quoting Mauro-J
{quote} thanks mate, i'm very grateful to hear that
DOnt know if im doing it right but that is how i see it
And the markets dont always look loke this so its pretty hard to explain whats going on in my had
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYM5.png Size: 42 KB
Click to Enlarge Name: NZDCADM5.png Size: 35 KB
Click to Enlarge Name: NZDUSDM5.png Size: 50 KB
Click to Enlarge Name: GBPJPYM5.png Size: 42 KB
Click to Enlarge Name: USDJPYM5.png Size: 43 KB
  • #1,764
  • Jun 19, 2015 11:24am Jun 19, 2015 11:24am
Can someone answer me some question about the indicator #6 Volumes Suite (White).mq4

description say: Situation "Climax"
Bars with volume >= 200% of the average volume of the 10 previous chart TFs, and bars
where the product of candle spread x candle volume is >= the highest for the 10 previous
chart time TFs.

Now many climax candles are not with higher volume then some before, so it is not a "and" function but maybe a "or" function?
Or is it used only in terms of the second part of the note.
This I read out of the code witch is the product of candle spread and volume.

Now my second question is there already an indicator witch print the product of spread and volume in a line. I mean something like in this way http://prntscr.com/7iv4ao
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,765
  • Jun 19, 2015 12:07pm Jun 19, 2015 12:07pm
I had a hectic day and it's still not done. (torn on too many sides). Still I managed to open 2 trades ending in a profit of +35 pips. Both trades had the exactly the same setup only one was long and the other one short. They both had a clear trend, position building on the correct side of the 1/1 and 1/2 number, broke out of those areas and made me profit. However, on both I still entered a bit late and exited a bit too early. Paranoia... I guess it's it going to be a long self improvement.

Marijan
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 69 KB
Click to Enlarge Name: USDJPYM15.png Size: 67 KB
  • #1,766
  • Jun 19, 2015 12:11pm Jun 19, 2015 12:11pm
Quoting Petr.K
{quote} DOnt know if im doing it right but that is how i see it And the markets dont always look loke this so its pretty hard to explain whats going on in my had {image} {image} {image} {image} {image}
Wow, this is absolutely brilliant!!
  • #1,767
  • Jun 19, 2015 12:17pm Jun 19, 2015 12:17pm
Quoting lugoffohio
Marijan993, can u help me out on this. If volume was rising on the lows, does that signify that the MMs are accumulating buy orders? And if the better volumes are favoring the higher prices, what can we infer from this.SO sorry, am a newbie, jst want to learn.
Please read and re-read post 1. Also, read the description of indicators we use. You can find that if you click on them in meta editor. DO your homework, it will do good to you. Now, I can tell you that if the price is in uptrend and you have PVA events on dips it suggests it's a healthy trend. If you have PVA events in that same uptrend on rallies, it suggests the trend is weak. Reverse is for downtrend. I'm not sure if that can help you at all unril you do your homework.

Marijan
  • #1,768
  • Jun 19, 2015 12:18pm Jun 19, 2015 12:18pm
Fisher755,

sorry once again for being a terrible host....
  • #1,769
  • Jun 19, 2015 12:59pm Jun 19, 2015 12:59pm
Quoting marijan993
{quote} Wow, this is absolutely brilliant!!
Really ?
Thank You
  • #1,770
  • Jun 19, 2015 1:10pm Jun 19, 2015 1:10pm
Quoting marijan993
{quote} Wow, this is absolutely brilliant!!

I agree. Thanks Petr.K. Keep it up with posting example and explanation.

TT
  • #1,771
  • Jun 19, 2015 1:26pm Jun 19, 2015 1:26pm
GBPUSD..long order closed...entered above half level...target was whole level above but i became impatient...and it's friday...which means fishing

+40 pips...last trade...have a great weekend guys!!! peace

k
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 44 KB
"the fool and the prophet walk hand in hand..."
  • #1,772
  • Edited 1:54pm Jun 19, 2015 1:38pm | Edited 1:54pm
Quoting Petr.K
{quote} DOnt know if im doing it right but that is how i see it And the markets dont always look loke this so its pretty hard to explain whats going on in my had {image} {image} {image} {image} {image}
thank you very much for sharing Petr.k! you are awesome

my long trade eur/gbp

Attached Image (click to enlarge)
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  • #1,773
  • Jun 19, 2015 11:17pm Jun 19, 2015 11:17pm
Quoting qFish
{quote} Yes. My goal is just take 1% from the market every day. Normally, it only requires a single trade so that forces me to pick my trades well. And that's 1% of my account compounded each day. The GREAT thing about our indicators is that you can see the trade in terms of percentages, which is a lot less stressful than looking at dollars no matter how big your account. An ideal exit with this trade would have been the next major support at 139.1. But since it requires constant monitoring (going on 30 minutes now) and I've already achieved my...
Hi qFish, Nice posts on your lower TF. I am just curious about how you manage ur position building technique, if you are doing like TAH which doesn't have any hard SL only mental SL. What if the news jump a 100 pips against you? I understand that this method required strong understanding of PVSRA to execute... But I really can't put myself to use a mental SL (too paranoid). You also stated you get about 10-20% a month with constant Max Drawdown of 10%, so I guess you will close ur trades when they go against 10% of your account equity? Do you mean explaining abit further on how you manage them?
Thanks alot for sharing your post!
  • #1,774
  • Jun 20, 2015 4:33am Jun 20, 2015 4:33am
Quoting Petr.K
{quote} DOnt know if im doing it right but that is how i see it And the markets dont always look loke this so its pretty hard to explain whats going on in my had {image} {image} {image} {image} {image}
TY Petr.k.

Very, very nice lesson! i have lerned a lot,simple and clearly.Congratulations.
  • #1,775
  • Jun 20, 2015 4:40am Jun 20, 2015 4:40am
Quoting marijan993
{quote} Please read and re-read post 1. Also, read the description of indicators we use. You can find that if you click on them in meta editor. DO your homework, it will do good to you. Now, I can tell you that if the price is in uptrend and you have PVA events on dips it suggests it's a healthy trend. If you have PVA events in that same uptrend on rallies, it suggests the trend is weak. Reverse is for downtrend. I'm not sure if that can help you at all unril you do your homework. Marijan
Dear Marijan, do to my not gut english, is dificult for me to understand your explanation abaut strong trend and weak trend, can you post a chart where can see wha tdo you means?

TY, you are a good teacher too
  • #1,776
  • Jun 20, 2015 5:14am Jun 20, 2015 5:14am
Quoting Petr.K
{quote} DOnt know if im doing it right but that is how i see it And the markets dont always look loke this so its pretty hard to explain whats going on in my had {image} {image} {image} {image} {image}
GREAT- Really GREAT post buddy...
Now, the folks here can learn from it - as part of the main purposes of this thread establishment
-MJ
"Bulls make money, Bears make money, but hogs get slaughtered"
  • #1,777
  • Jun 20, 2015 7:07am Jun 20, 2015 7:07am
Quoting mel3
{quote} Dear Marijan, do to my not gut english, is dificult for me to understand your explanation abaut strong trend and weak trend, can you post a chart where can see wha tdo you means? TY, you are a good teacher too
PD: i think have it, in up trend if there are rallies more up whith PVA candels event, is posible reversal because the mms are closing long and buying shorts.Ok?

TY.
  • #1,778
  • Jun 20, 2015 7:50am Jun 20, 2015 7:50am
Quoting mel3
{quote} PD: i think have it, in up trend if there are rallies more up whith PVA candels event, is posible reversal because the mms are closing long and buying shorts.Ok? TY.
Hi mel,

sorry for the late response, I was otherwise engaged. I have attached a pic of Gbpusd with circles showing PVA events. You can clearly see uptrend with PVA events on dips (lows) suggesting it's a strong trend. Now take a look at last circle. It shows PVA event on rallies (highs). See how the trend started to show weakness after that? That is the relation between PVA events and trends. Reverse goes for downtrend. Hope that helps.

Marijan
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 75 KB
  • #1,779
  • Jun 20, 2015 8:21am Jun 20, 2015 8:21am
One big THANK YOU to EVERYBODY.
  • #1,780
  • Jun 20, 2015 9:14am Jun 20, 2015 9:14am
Interesting topic. Thanks for posting.
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