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PVSRA (Price, Volume, S&R Analysis)

  • #3,421
  • Edited 3:22pm Dec 22, 2015 2:50pm | Edited 3:22pm
Quoting veronica83
I've been reading this thread for weeks in silence and still don't understand when to enter and exit trades? Would really appreciate if someone can explain, preferably with a attached image with the dashboard (would help alot) regards
I would suggest learning the classic sonic r. setups first. If you have not done your due diligence in researching the different methods to trade this system then I hardly believe when you say you've been reading for weeks.

I'm sure this has been asked numerous times.

edit: I may have come off kind of rudely but try to pay attention to the more senior members of the thread. You'll know them when you see them. If you can't successfully trade classic sonic r. setups I wouldn't venture into scouts. The classic entry is good pa wave, HH, HL, LH, LL etc. Good volume at key levels, and a good reaction away from those areas. Enter on first candle that closes above/below the dragon. Note: Price should be coming out of the dragon trend.
  • #3,422
  • Dec 22, 2015 5:48pm Dec 22, 2015 5:48pm
Quoting Dyekid217
{quote} I would suggest learning the classic sonic r. setups first. If you have not done your due diligence in researching the different methods to trade this system then I hardly believe when you say you've been reading for weeks. I'm sure this has been asked numerous times. edit: I may have come off kind of rudely but try to pay attention to the more senior members of the thread. You'll know them when you see them. If you can't successfully trade classic sonic r. setups I wouldn't venture into scouts. The classic entry is good pa wave, HH, HL,...
My apologies, I forgot to mention that I judge my self as a newbie in the forex industry. I struggle to understand some of the Information on the thread but I'm determined to learn and practice the system as I have believe in this thread. I take every comment seriously but just need guidance to get going. I appreciate your advice, where can I get the classic sonic r. Set up? I've applied the template to my mt4 and have not changed any settings.
Regards
  • #3,423
  • Dec 22, 2015 5:55pm Dec 22, 2015 5:55pm
A simple search in google or FF for the Sonic R. thread should lead you in the right direction. If you are completely new at forex I would recommend learning some basics before trying to apply this method to your trading.

Babypips.com is a good place to start.
  • #3,424
  • Dec 22, 2015 6:12pm Dec 22, 2015 6:12pm
Quoting Dyekid217
A simple search in google or FF for the Sonic R. thread should lead you in the right direction. If you are completely new at forex I would recommend learning some basics before trying to apply this method to your trading. Babypips.com is a good place to start.
I've completed the school at babypips 😀 I've been trading on demo since beginning of the year. I want to adapt the strategy from this thread and start live account early next year
  • #3,425
  • Dec 22, 2015 6:47pm Dec 22, 2015 6:47pm
Quoting cigarguy
EU, M5 +51.5 (avg pips +2.1) was not planning on trading today, but saw this and entered long on PA break of 1.09500 for quick scalp. {image}
Can you share this indicator please?? I mean the red color circle indicator

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDiM5.png Size: 101 KB
  • #3,426
  • Dec 22, 2015 7:17pm Dec 22, 2015 7:17pm
Quoting piratachile
{quote} Can you share this indicator please?? I mean the red color circle indicator Thanks {image}
Quick question, The blue/yellow little circles On the candlesticks, is it a buy signal? Thank you .
  • #3,427
  • Dec 22, 2015 7:54pm Dec 22, 2015 7:54pm
Quoting piratachile
{quote} Can you share this indicator please?? I mean the red color circle indicator Thanks {image}
It's TRO_Multi_Meter_Cand...ex4 you will find in the paper clip on the upper right corner of this page.
  • #3,428
  • Dec 22, 2015 7:55pm Dec 22, 2015 7:55pm
Quoting veronica83
{quote} Quick question, The blue/yellow little circles On the candlesticks, is it a buy signal? Thank you .
Those are the entry and exit marks that will come up when you trade. Not the signals for buy/sell.
  • #3,429
  • Dec 22, 2015 8:09pm Dec 22, 2015 8:09pm
Quoting toppo qqq
{quote} Those are the entry and exit marks that will come up when you trade. Not the signals for buy/sell.
I should have know thank you
  • #3,430
  • Dec 22, 2015 8:11pm Dec 22, 2015 8:11pm
Quoting veronica83
{quote} I should have know thank you
No problem
  • #3,431
  • Dec 22, 2015 8:22pm Dec 22, 2015 8:22pm
Quoting toppo qqq
{quote} No problem
Toppo, do you find the TRO MULTI METER CANDLE... Useful? I used it before but I found it unreliable as one second all the bars are green, 20 seconds later 1mins-4hr bars turn red
  • #3,432
  • Dec 22, 2015 8:28pm Dec 22, 2015 8:28pm
Quoting veronica83
{quote} Toppo, do you find the TRO MULTI METER CANDLE... Useful? I used it before but I found it unreliable as one second all the bars are green, 20 seconds later 1mins-4hr bars turn red
Well I relied on it a lot when I traded the news on M1 candles. For the PVSRA trade, suggest you ask the question to cigarguy who uses it on his charts.
  • #3,433
  • Dec 22, 2015 8:42pm Dec 22, 2015 8:42pm
Quoting toppo qqq
{quote} Well I relied on it a lot when I traded the news on M1 candles. For the PVSRA trade, suggest you ask the question to cigarguy who uses it on his charts.

To be honest I've not used it on the 1min time frame. I'll give it ago do you only trade via 1min charts?
  • #3,434
  • Dec 22, 2015 8:45pm Dec 22, 2015 8:45pm
Quoting veronica83
{quote} To be honest I've not used it on the 1min time frame. I'll give it ago do you only trade via 1min charts?
For the news trading, I trade with manual entry, when such indicators are helpful to refer to. It's a quick decision on M1 chart. This is for the news trading only, in my case.
  • #3,435
  • Edited Dec 23, 2015 8:11am Dec 22, 2015 8:46pm | Edited Dec 23, 2015 8:11am
Quoting veronica83
{quote} Toppo, do you find the TRO MULTI METER CANDLE... Useful? I used it before but I found it unreliable as one second all the bars are green, 20 seconds later 1mins-4hr bars turn red
Veronica83,

I have to agree with Dyekid217 here. Seems like you did not read enough. I suggest you go back to pg. #1 here and read again. All the posts.
If you would, you would know that no other indy is good for PVSRA than provided indys on the template from page #1. The more you read and the more you get expirience on Demo ( like my friend Gupito would say- EXECUTION ), the more you will understand.
It is the other way around with the indys. The more you will put on your template, the more confused you will be. Keep it simple.

Fisher755


EDIT:
"I will do fisher, I'll read it again and even take notes "



"All that is needed to trade PVSRA successfully is provided here and coded by TAH and other contributors. I primarily scalp for small pip trades with larger lots in conjunction with PVSRA and look for somewhat different quick entries and exits, but still observing PA, S & R and MM momentum, of course. "

Yes, my friend,

and you forgot to mention many many years of expirience and profitable trading...as well as unimaginable hours of screen time.
You have the luxury to choose under which circumstances any of indicators will give you a heads up. This is impossible without excellent knowledge of how the market really works.
PVSRA
  • #3,436
  • Dec 22, 2015 9:48pm Dec 22, 2015 9:48pm
Quoting Fisher755
{quote} Veronica83, I have to agree with Dyekid217 here. Seems like you did not read enough. I suggest you go back to pg. #1 here and read again. All the posts. If you would, you would know that no other indy is good for PVSRA than provided indys on the template from page #1. The more you read and the more you get expirience on Demo ( like my friend Gupito would say- EXECUTION ), the more you will understand. It is the other way around with the indys. The more you will put on your template, the more confused you will be. Keep it simple. Fisher755...
I will do fisher, I'll read it again and even take notes
  • #3,437
  • Dec 23, 2015 7:49am Dec 23, 2015 7:49am
Quoting piratachile
{quote} Can you share this indicator please?? I mean the red color circle indicator Thanks {image}
All that is needed to trade PVSRA successfully is provided here and coded by TAH and other contributors. I primarily scalp for small pip trades with larger lots in conjunction with PVSRA and look for somewhat different quick entries and exits, but still observing PA, S & R and MM momentum, of course.

Regards,
Cigarguy
Keep It Simple
  • #3,438
  • Dec 23, 2015 8:58am Dec 23, 2015 8:58am
Quoting leentjai
I opened Short AUSCAD WE need to understand a price may be shaken by MM to get liquidity.... {image} {image}
Closed AUDCAD average +44.2 p
Closed by SL GBPNZD average-40 p and after price move more than 200 p
Attached Image (click to enlarge)
Click to Enlarge Name: audcad-m15-2412c.png Size: 97 KB
  • #3,439
  • Dec 23, 2015 12:36pm Dec 23, 2015 12:36pm
Quoting cigarguy
{quote} All that is needed to trade PVSRA successfully is provided here and coded by TAH and other contributors. I primarily scalp for small pip trades with larger lots in conjunction with PVSRA and look for somewhat different quick entries and exits, but still observing PA, S & R and MM momentum, of course. Regards, Cigarguy
small pips with larger lots with minimum waiting! great mentor! thank you!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_22.jpg Size: 409 KB
  • #3,440
  • Edited 7:29am Dec 24, 2015 5:22am | Edited 7:29am
Quoting gazpacho
{quote} small pips with larger lots with minimum waiting! great mentor! thank you! {image}
gazpacho,

Nice to hear and see that my style works for you and it would be more helpful if you post your charts using the COMPLETE PVSRA TEMPLATE allowing all to see your trades and helping other traders.............

Happy Holidays and Many Pips...

Cigarguy
Keep It Simple
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