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PVSRA (Price, Volume, S&R Analysis)

  • #3,621
  • Jan 7, 2016 9:36am Jan 7, 2016 9:36am
Quoting Dyekid217
{quote} Yes it has always been my goal and I think successful PVSRA decision making should reduce a good amount of uncertainty when trying to manage my positions.
Keep It Simple
  • #3,622
  • Jan 7, 2016 10:15am Jan 7, 2016 10:15am
EU M1 FIFO scalp +27.5 (5 lots +5.5) saw this chart & entry late but caught as PA stalled before run up to 1.08500 level.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDiM1.png Size: 75 KB
Keep It Simple
  • #3,623
  • Jan 7, 2016 10:15am Jan 7, 2016 10:15am
EURJPY Long trade closed.

There was a nice rejection from RDL during London and some good pushing volume through some key levels. +45 pips. Now we are seeing some strong Bear MM activity above the whole level.
Attached Image (click to enlarge)
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  • #3,624
  • Edited 11:22am Jan 7, 2016 11:05am | Edited 11:22am
EU M15 scalp +41 (5 lots +8.2) entered after retrace on break of 1.08500 level with target of RDH as resistance and 5th retest. MM's pumping and dumping and then..... I Closed early as PA stalled and other things to attend too.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDiM15.png Size: 78 KB
Click to Enlarge Name: EURUSDiM5.png Size: 76 KB
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  • #3,625
  • Jan 7, 2016 11:20am Jan 7, 2016 11:20am
This is my strategy, it worked really good in the last months. And I hope it will work in the next few years.

Follow H1-H4 trend, catch the breakouts in M15 near S/R levels. I grab only 10-20 pips per trade, I dont chase 100+ pips. Thats for traders with huge account and lot of patience.

Yesterday and today trades:

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Stay green! FN
  • #3,626
  • Edited 12:05pm Jan 7, 2016 11:33am | Edited 12:05pm
Quoting forexn00b
This is my strategy, it worked really good in the last months. And I hope it will work in the next few years. Follow H1-H4 trend, catch the breakouts in M15 near S/R levels. I grab only 10-20 pips per trade, I dont chase 100+ pips. Thats for traders with huge account and lot of patience. Yesterday and today trades: {image} {image} {image} {image} {image}
forexn00b,

Nice trades... IMO, that is what all PVSRA traders should do. Utilizing PVSRA as the base trading system find how to make it their own as you did as each trader has different accounts sizes, times available to trade and experience levels. Thanks for sharing your charts with good explanations and please continue to post as above, it helps every trader in the community.........

Quote
Thats for traders with huge account and lot of patience.

It's not just the huge accounts, it is safer and easier to obtain. That is the reason I mostly target small 5 +/- pip trades with multiple lots with little or no DD.
Keep It Simple
  • #3,627
  • Jan 7, 2016 12:24pm Jan 7, 2016 12:24pm
EU M5 scalp, +33.5 (5 lots +6.7) entered long as MM's finally made a move with a break above 1.08750 after 6 retests of RDH. I've been stalking this since early this AM watching pumps and dumps.....
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDiM5.png Size: 77 KB
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  • #3,628
  • Jan 7, 2016 12:39pm Jan 7, 2016 12:39pm
EU M5 scalp +25 (5 lots +5) entered again with 1.09000 target after break of 1.08750 level. Finally getting paid for the time spent stalking this puppy....
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDiM5.png Size: 76 KB
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  • #3,629
  • Jan 7, 2016 12:48pm Jan 7, 2016 12:48pm
EU M5 Scalp +24.5 (5 lots +4.9) entered long on break of 1.09000 key level. Gotta love PA level trading. Just follow the MM's momentum, grab their shirt tails and go along for the ride............
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDiM5.png Size: 78 KB
Keep It Simple
  • #3,630
  • Edited 1:23pm Jan 7, 2016 1:09pm | Edited 1:23pm
GBPJPY Short : Still holding this late into NY as I think Asian session could bring a move back down to the RDL. We've not had a clean retest of that area yet so that's my target. After the selloff from above the whole number we've not had any significant volume at the lows and we are putting in some good PA waves with LH, LL's.

Watching this one closely but may reduce risk by putting SL near the previous swing high on 15M timeframe.

EDIT: coincidentally the 15m swing high is the high of the bearish engulfing candle on the 1H chart. Logical place for a stop loss.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5 1-7-16.png Size: 74 KB
  • #3,631
  • Jan 7, 2016 1:29pm Jan 7, 2016 1:29pm
PVSRA Traders;

We have good traders here posting winning charts with nice explanations, but loosing trades often offer great learning opportunities as well. I have and will continue to post my loosing trades as well as winners with explanations and charts depicting why they didn't work but none lately.... Although I have been trading for a few years, I learn something new every day from these great posts......
Keep It Simple
  • #3,632
  • Edited 1:59pm Jan 7, 2016 1:45pm | Edited 1:59pm
Quoting cigarguy
PVSRA Traders; We have good traders here posting winning charts with nice explanations, but loosing trades often offer great learning opportunities as well. I have and will continue to post my loosing trades as well as winners with explanations and charts depicting why they didn't work but none lately.... Although I have been trading for a few years, I learn something new every day from these great posts......
Everyone definitely has losers.. I'm just a bit shy right now to post mine haha. I think as long as the individual understands that losses offer us something new to learn from then I really don't mind if people choose not to post them. After all, we must make our own mistakes in order to correct flaws within our system. If we don't recognize that on our own then we'll never get better as traders.

Documenting losses though does have added benefits.. even if it is kept private. I certainly learn from you all and your winning trades and how the system should be traded correctly.

It solely lies on each individual to recognize when we are not trading it correctly.

EDIT: cigarguy I'm laughing at you saying you've been trading for a few years haha... 15 years in the markets??? I'm only 25 years old!! If i ever have a kid I'll have to teach him how to trade at a young age !
  • #3,633
  • Jan 7, 2016 1:59pm Jan 7, 2016 1:59pm
EU M5, +146 (10 lots +14.6) finally after stalking all day got this nice move above 1.09000 level after small retrace from above with target of 1.09250 area. Probably many more pips to come, but I'm ok with my scalp........Done for now +297.5.....
Attached Image (click to enlarge)
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Keep It Simple
  • #3,634
  • Jan 7, 2016 2:07pm Jan 7, 2016 2:07pm
Quoting Dyekid217
{quote} Everyone definitely has losers.. I'm just a bit shy right now to post mine haha. I think as long as the individual understands that losses offer us something new to learn from then I really don't mind if people choose not to post them. After all, we must make our own mistakes in order to correct flaws within our system. If we don't recognize that on our own then we'll never get better as traders. Documenting losses though does have added benefits.. even if it is kept private. I certainly learn from you all and your winning trades and how...
Yep, trading a few years but learning every day from everybody...... . I'm sure your child will be a natural with your genes. Just send your child to Baby Pips for schooling for a Degree in Pipology...............
Keep It Simple
  • #3,635
  • Jan 7, 2016 2:14pm Jan 7, 2016 2:14pm
Quoting cigarguy
{quote} Yep, trading a few years but learning every day from everybody...... . I'm sure your child will be a natural with your genes. Just send your child to Baby Pips for schooling for a Degree in Pipology...............

Haha to be honest I think I've studied a large variety of trading topics but I've yet to complete babypips

I guess once I get through all of my trading books I'll have to enroll lol!

I'm very much enjoying Market Wizards at the moment.
  • #3,636
  • Jan 7, 2016 2:24pm Jan 7, 2016 2:24pm
EU, M5 +22 (10 lots +2.2 scalp) entered after PA stalled above 1.09250 area and continued up.... OMG, can't get away these MM's continue to donate, +319.5, must send them a thank you card.............
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDiM5.png Size: 75 KB
Keep It Simple
  • #3,637
  • Jan 7, 2016 2:34pm Jan 7, 2016 2:34pm
Quoting Dyekid217
GBPJPY Short : Still holding this late into NY as I think Asian session could bring a move back down to the RDL. We've not had a clean retest of that area yet so that's my target. After the selloff from above the whole number we've not had any significant volume at the lows and we are putting in some good PA waves with LH, LL's. Watching this one closely but may reduce risk by putting SL near the previous swing high on 15M timeframe. EDIT: coincidentally the 15m swing high is the high of the bearish engulfing candle...
Just be mindful of the usual Asian retraces especially with this China issue.. .....
Keep It Simple
  • #3,638
  • Edited 3:12pm Jan 7, 2016 3:00pm | Edited 3:12pm
Quoting cigarguy
{quote} Just be mindful of the usual Asian retraces especially with this China issue.. .....
Right on, I may think of closing this one out and waiting to see if Asian does retrace.. if so I'll get in at a better price.

EDIT: Closed for +23. Volume has dropped off significantly since the last Bear volume and no movement. Will wait to see if Asian session provides an opportunity.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5 1-7-16 closed.png Size: 63 KB
  • #3,639
  • Jan 7, 2016 3:09pm Jan 7, 2016 3:09pm
EU M5 scalp +20 (10 lots +2 small pips) entered after small retrace from 1.09250 level again for a quick scalp.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDiM5.png Size: 77 KB
Keep It Simple
  • #3,640
  • Jan 7, 2016 3:10pm Jan 7, 2016 3:10pm
Quoting Dyekid217
{quote} Right on, I may think of closing this one out and waiting to see if Asian does retrace.. if so I'll get in at a better price.
Might be the wise thing to do due considering the current world market conditions...And of course the better price can be found by dropping down to M1 for entries if and when your ready........
Keep It Simple
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