HOMEWORK AUDUSD
We have to wait for the dragon will make a greater angle
We have to wait for the dragon will make a greater angle
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PVSRA (Price, Volume, S&R Analysis)
- #2,283
- Aug 27, 2015 2:11am Aug 27, 2015 2:11am
- Joined Jul 2011 | Status: Trader | 1,521 Posts
I opened Long AUDUSD
but I can't download chart...
but I can't download chart...
- #2,284
- Aug 27, 2015 2:25am Aug 27, 2015 2:25am
- Joined Jul 2011 | Status: Trader | 1,521 Posts
I opened Long AUDUSD but I can't download chart...
- #2,285
- Aug 27, 2015 3:05am Aug 27, 2015 3:05am
- Joined Jul 2011 | Status: Trader | 1,521 Posts
I opened Long GBPCHF
- #2,286
- Aug 27, 2015 4:30am Aug 27, 2015 4:30am
- Joined Jul 2011 | Status: Trader | 1,521 Posts
{quote} I downloaded
- #2,288
- Aug 27, 2015 6:42am Aug 27, 2015 6:42am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
opened long GBPJPY {image} {image}
Great job regarding your chart posting and trading examples as you have the teaching/training skills that will teach PVSRA traders the basics (as much reading is required on their part) and the ability with your trading skills and great posts to help keep this thread active...........
Stay GREEN My Friend!
Keep It Simple
- #2,289
- Edited 7:19am Aug 27, 2015 7:02am | Edited 7:19am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EU, M5 scalp +55 (10 lots) entered on bounce from RWL key level 1.12750 with EMA's trending up and break of key level 1.13000 for my usual 5 +/- pips......
Bottom chart depicts why I go for a quick 5 pip profit based on my scalping rules with multiple pips. This is not always the case, but quite often I get the bounce and then retrace. This winner would have been a looser if I would not have closed quickly will in profit. Quite often at the beginning of the hour candle, their will be a fast movement as shown below after I closed my trade. This movement is usually good for at least 5 pips +/- excepting news releases, of course........
Note: Not posting as bragging as I post losers as well as winners, but just hoping my scalp charts will help or encourage some traders interested in scalping techniques.
Bottom chart depicts why I go for a quick 5 pip profit based on my scalping rules with multiple pips. This is not always the case, but quite often I get the bounce and then retrace. This winner would have been a looser if I would not have closed quickly will in profit. Quite often at the beginning of the hour candle, their will be a fast movement as shown below after I closed my trade. This movement is usually good for at least 5 pips +/- excepting news releases, of course........
Note: Not posting as bragging as I post losers as well as winners, but just hoping my scalp charts will help or encourage some traders interested in scalping techniques.
Keep It Simple
- #2,290
- Aug 27, 2015 7:28am Aug 27, 2015 7:28am
- Joined Jul 2011 | Status: Trader | 1,521 Posts
{quote} leentjai, Great job regarding your chart posting and trading examples as you have the teaching/training skills that will teach PVSRA traders the basics (as much reading is required on their part) and the ability with your trading skills and great posts to help keep this thread active...........
- #2,291
- Aug 27, 2015 9:13am Aug 27, 2015 9:13am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EU, M5 scalp +95 (10 lots) entered on pullback to EMA which are headed down with quick target of key level 1.12500 area, FIFO.......
Keep It Simple
- #2,292
- Edited 11:10am Aug 27, 2015 10:01am | Edited 11:10am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EU M1 scalp, +56 (10 lots) entered on EUR vs USD weakness and bounce from key level 1.12250 with target of RWL area and then probably a small retrace on the new hour candle......
Update: See chart below that's what happened and does quite often on the new hour candle.
If interested, just watch what move PA makes at the beginning of a new hour candle. I will trade that quick move which is usually good for my 5 pips (5 pips not enough? Just increase your lot size) +/- quite often with little or no draw down. FYI, I have a hour timer set up on my chart and many times will wait for the new hour candle, with key level and other considerations of course, I will trade that move........
IMO, watch the MM's momentum and grab their shirt tails and trade with the big $ they move the market not us small retail traders. Through the years I've traded fibs, pivots and about every system, indicator, dots and squiggly lines out there with some success but once I started watching PA, key levels and MM momentum, my profits increased consistently. Your charts may not look as colorful and sexy without all of those beautifully colored indicators and squiggly lines but your profitable trades will increase with practice. Just my 2 cents attempting to answer some PM's.........
Done for the day +206 and many pips to all....
Stay GREEN My Friends!
Update: See chart below that's what happened and does quite often on the new hour candle.
Hopefully Answering Some PM's
If interested, just watch what move PA makes at the beginning of a new hour candle. I will trade that quick move which is usually good for my 5 pips (5 pips not enough? Just increase your lot size) +/- quite often with little or no draw down. FYI, I have a hour timer set up on my chart and many times will wait for the new hour candle, with key level and other considerations of course, I will trade that move........
IMO, watch the MM's momentum and grab their shirt tails and trade with the big $ they move the market not us small retail traders. Through the years I've traded fibs, pivots and about every system, indicator, dots and squiggly lines out there with some success but once I started watching PA, key levels and MM momentum, my profits increased consistently. Your charts may not look as colorful and sexy without all of those beautifully colored indicators and squiggly lines but your profitable trades will increase with practice. Just my 2 cents attempting to answer some PM's.........
Done for the day +206 and many pips to all....
Stay GREEN My Friends!
Keep It Simple
- #2,293
- Edited 11:33am Aug 27, 2015 11:23am | Edited 11:33am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Keep It Simple
- #2,294
- Aug 27, 2015 11:35am Aug 27, 2015 11:35am
For those having trouble identifying the key levels per PM's I received; Go to Part 6 of the PVSRA access panel and change colors or widen. I also installed this indicator over these levels to show the key level numbers as indicated on the chart below as these are extremely important areas for my trading style. {file} {image}
You always helping trader!
Regards
- #2,295
- Edited 12:09pm Aug 27, 2015 11:41am | Edited 12:09pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Thanks buddy, You always helping trader! Regards
NP, Traders Helping Traders and hope this key level indicator helps as it is an extremely crucial indicator considered in my trading decisions (as can be observed in my posted charts) as many times pending orders will be placed at these key levels by other traders and institutions (I do not place pending orders) therefore increasing the momentum for good PA movement.........
Stay GREEN MY Friend!
Keep It Simple
- #2,296
- Aug 27, 2015 11:49am Aug 27, 2015 11:49am
{quote} cchersia, NP, Traders Helping Traders and hope this key level indicator helps as it is an extremely crucial indicator considered in my trading decisions (as can be observed in my posted charts) as many times pending orders will be placed at these key levels therefore increasing the momentum for good PA movement.........
Thanks again !
- #2,297
- Edited 12:08pm Aug 27, 2015 11:52am | Edited 12:08pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} I do manually, but this help me a lot ! Thanks again !
Maybe a misunderstanding. I don't place pending orders at these levels but many traders and institutions do causing the PA movement. I enter all trades manually as well. Just wanted to be clear.....
Keep It Simple
- #2,298
- Aug 27, 2015 2:03pm Aug 27, 2015 2:03pm
- Joined Jul 2011 | Status: Trader | 1,521 Posts
I opened Long GBPCHF
- #2,299
- Edited 2:34pm Aug 27, 2015 2:23pm | Edited 2:34pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} closed by TP average +95.4p {image}
Nice pure PVSRA (Sonic) trade....
Keep It Simple
