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PVSRA (Price, Volume, S&R Analysis)

  • #3,981
  • Jan 21, 2016 1:17am Jan 21, 2016 1:17am
EUR/USD +155 pips total. Retrace fibo 61.8 and volume
 
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Do not be afraid to make mistakes, be afraid to repeat them.
  • #3,982
  • Jan 21, 2016 1:53am Jan 21, 2016 1:53am
GU M1 Quick trade close with p+250
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  • #3,983
  • Jan 21, 2016 4:40am Jan 21, 2016 4:40am
GU Quick FIFO with profit p+250
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  • #3,984
  • Jan 21, 2016 5:31am Jan 21, 2016 5:31am
GU Quick FIFO closed with profit p+250.

Reason of entry: Lots of spinning top on 50 EMA shows correction is finished. Overall a significant resistance level plotted above the Entry.
Volume analysis: While spinning top plotted on 50 EMA I see volume bar is increasing whether price bar is small range bar. This was a sign of Bearish pressure. That's All.
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  • #3,985
  • Jan 21, 2016 6:30am Jan 21, 2016 6:30am
Quoting JasonDeaN
EUR/USD +155 pips total. Retrace fibo 61.8 and volume {image}
JasonDeaN,

The fibo and volume indi is working goof for you and catching nice retraces...

Saiffx,

Nice job on those trades and easy to understand explanations...

Quote
eason of entry: Lots of spinning top on 50 EMA shows correction is finished. Overall a significant resistance level plotted above the Entry.
Volume analysis: While spinning top plotted on 50 EMA I see volume bar is increasing whether price bar is small range bar. This was a sign of Bearish pressure. That's All.

I am picking up some good pointers from you guys with your winning scalps and good PVSRA entries.........
Keep It Simple
  • #3,986
  • Jan 21, 2016 6:57am Jan 21, 2016 6:57am
Just wondering who has created the alert? When does it exactly shout?
  • #3,987
  • Edited 8:02am Jan 21, 2016 7:00am | Edited 8:02am
Dear Sir,

Thanks for this compliment.

Hope to do more......... in future for PVSRA community.
  • #3,988
  • Jan 21, 2016 7:20am Jan 21, 2016 7:20am
UJ M1 Quick FIFO closed with profit p+365

Reason: After observing a hammer on correction on 50 EMA Quick Entry for long. TP just below the previous top.

Hammer plotted on a Support zone also.

Here I don't consider volume because it was a pure long Entry.
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  • #3,989
  • Jan 21, 2016 7:45am Jan 21, 2016 7:45am
Quoting saiffx
UJ M1 Quick FIFO closed with profit p+365 Reason: After observing a hammer on correction on 50 EMA Quick Entry for long. TP just below the previous top. Hammer plotted on a Support zone also. Here I don't consider volume because it was a pure long Entry. {image}
saiffx,

Perfect trade as I would have taken if I would not have been away for a few minutes and posted with clear reasoning and please continue to diagram your charts as you did here with your explanations for all to learn...........
Keep It Simple
  • #3,990
  • Jan 21, 2016 8:29am Jan 21, 2016 8:29am
USDJPY M5 +5.2 FIFO Reason for entry

- Quiet time (no high impact news)
- Early into the NYS
- 117.000 was resistance but expected it to become support after the earlier breakout
- The daily open(blue dotted line) was also considered for that zone to become resistance
- Buy was made after the bounce at a bottom

Happy trading guys!
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  • #3,991
  • Jan 21, 2016 8:35am Jan 21, 2016 8:35am
EUR/USD- M1 Fifo + 5.1
CG and Saiffx Inspired
High Volumes under the 1.08000 level signalling possible bulls
Target was the RDL after a bounce off of 161.8 fib
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  • #3,992
  • Jan 21, 2016 8:35am Jan 21, 2016 8:35am
GU M5 +230 (20 lots avg +11.5) entered after news 2 attempts at lows of RWL and RDL support rejected so dropped down from H1 to M5 for entry to grab retrace. Not my favorite type of trade not a FIFO scalp out of my comfort zone, I normally would not trade that type of PA, but worked out.....Sometimes it's better to be lucky then good.....
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Keep It Simple
  • #3,993
  • Jan 21, 2016 8:52am Jan 21, 2016 8:52am
UJ M1 Quick scalp closed taking profit p+250

Entry taken analyzing horizontal and diagonal trend lines only. Also consider a Doji candle at diagonal trend (support) line.
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  • #3,994
  • Jan 21, 2016 9:17am Jan 21, 2016 9:17am
PVSRA Traders;

I have been testing a different MA other then the current dragon/50 EMA trend indicator that has served us all well as coded by TAH. Primarily because I am a FIFO scalper sniping for small quick pips, I look for any edge that I can get. As we are all aware, trading FX successfully, requires an attention to the artful visual recognition of entries and exits when analyzing our PVSRA charts. I have been observing PA in relation to this MA Ribbon indicator for trend and entry/exit opportunities and only with a short testing period, have found that as a scalper and maybe with MY OLDER EYES, it is somewhat easier for me to recognize these opportunities.

I am posting this chart for feed back from the PVSRA community and welcoming any and all comments prior to uploading this indicator. I am not taking any credit for this indicator as it is not mine and can be freely found here at FF as I did. I do not in any way want to distract from the rules of trading/scalping the PVSRA system but I am just sharing an idea that may be helpful or maybe not.

All feed back and comments welcomed......
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Keep It Simple
  • #3,995
  • Jan 21, 2016 9:32am Jan 21, 2016 9:32am
Quoting cigarguy
PVSRA Traders; I have been testing a different MA other then the current dragon/50 EMA trend indicator that has served us all well as coded by TAH. Primarily because I am a FIFO scalper sniping for small quick pips, I look for any edge that I can get. As we are all aware, trading FX successfully, requires an attention to the artful visual recognition of entries and exits when analyzing our PVSRA charts. I have been observing PA in relation to this MA Ribbon indicator for trend and entry/exit opportunities and only with a short testing period, have...
Dear Sir,
I tested it, It's wonderful for scalping. I have another Idea for scalping. That is using Bollinger Band with (20, 0.382). It also gives nice results. More over it gives us nice sl and tp spot.
Please analyse my idea. Can someone makes BB (20, 0.82) as ribbon. It will be great.

Thank you.
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  • #3,996
  • Jan 21, 2016 9:37am Jan 21, 2016 9:37am
Quoting cigarguy
PVSRA Traders; I have been testing a different MA other then the current dragon/50 EMA... {image}
Are those 12 and 35EMA ? The 50EMA has been enough for me after having tried multiple type of EMA's like the GUPPY, 4ema shift 2 and sadly many more...

But I would be interested about how you use those ones. I might try it if I understand how you use this indicator to get a better edge. Thanks Cigarguy for your will to always improve ! It's inspiring to me.
  • #3,997
  • Jan 21, 2016 10:07am Jan 21, 2016 10:07am
EUR/USD +5.0 M5
Managed to get a few, but I realize now it was foolish to get in just before news as i wan't paying attention
I Got in because of the shooting stars at resistance followed by an engulfing.
Price quickly turned on me due to the news i was NOT paying attention too
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  • #3,998
  • Jan 21, 2016 10:09am Jan 21, 2016 10:09am
Quoting saiffx
{quote} Dear Sir, I tested it, It's wonderful for scalping. I have another Idea for scalping. That is using Bollinger Band with (20, 0.382). It also gives nice results. More over it gives us nice sl and tp spot. Please analyse my idea. Can someone makes BB (20, 0.82) as ribbon. It will be great. Needs to remember we works in PVSRA system sir. Thank you. {image}
saiffx,

Yes, I think you have a good idea as well. I have multiple monitors, so probably like many others, I am always testing and trying new ideas such as these. The reason I have not posted any suggestions earlier is because I would like to see this PVSRA thread remain in tact and not go the way of so many other threads where there is no continuity and soon the thread is cluttered with lagging indicators and the system is lost and quickly dies.

The basic concept brought here by TAH was a system that provided good visuals of price action relative to support and resistance with volume consideration. In my opinion, his coding of the PVSRA candles, Access Panel, Trade Levels Indicator and the volume indicator is brilliant work and must remain in tact or the PVSRA system is lost.

The inherent danger that I considered prior to my above post was the PVSRA system as taught and successfully traded my many would lose the value of analyzing Price Volume Support and Resistance in the manner presented in this thread.

I believe if the PVSRA rules are traded using the excellent template as provided with just a visual adjustment of the trend/dragon trend indicator this thread will remain in tact. It is important that all use the agreed on template so that posting of charts with explanations are clear and all are observing the PVSRA system entry/exit rules.
Keep It Simple
  • #3,999
  • Jan 21, 2016 10:13am Jan 21, 2016 10:13am
Quoting Roose
EUR/USD +5.0 M5 Managed to get a few, but I realize now it was foolish to get in just before news as i wan't paying attention I Got in because of the shooting stars at resistance followed by an engulfing. Price quickly turned on me due to the news i was NOT paying attention too {image}
Oh my god i mean USD/JPY
  • #4,000
  • Jan 21, 2016 10:17am Jan 21, 2016 10:17am
Quoting Roose
EUR/USD +5.0 M5 Managed to get a few, but I realize now it was foolish to get in just before news as i wan't paying attention I Got in because of the shooting stars at resistance followed by an engulfing. Price quickly turned on me due to the news i was NOT paying attention too {image}
Yes it was a wrong trade.

Reason:
Trend (dragon) is boom boom up.
Though double top, shooting star, Engulfing candle appears no one can go for short here.

Here is a clue: With all pattern, trend and setup we should also keep close eye in momentum. i.e. price is go upwards now sharply, we look the speed must. If any reverse is upcoming speed will reduce must. Then look for bearish trend line setup (classic). It will be safer.

I think i express clearly what i want to say.

Thanks Roose.
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