Good morning all.
First FIFO of the day
Long taken from M5 support zone. manually closed on 50 EMA with profit.
First FIFO of the day
Long taken from M5 support zone. manually closed on 50 EMA with profit.
Attached Image (click to enlarge)
- #305
- Jan 27, 2016 5:17am Jan 27, 2016 5:17am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
GBP/JPY M15 Booked 35 pips. {image}
Anonymous32,
Nice profitable trade and explanation....
Keep It Simple
- #307
- Jan 27, 2016 5:30am Jan 27, 2016 5:30am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
PVSRA Traders,
A little heads up from experience relative to the CSM; I recommend if using the CSM, don't always pick the Hot and the Weak to look at for possible trades. I have found at times those currencies have already made their significant moves. I do look at the Top and Bottom of course, but I have found some good trade on pairs that have not yet made their moves somewhere in the middle of the indicator.
I suggest, to play around and look at some of the middle pairs and analyze yourselves and see if what works for you......
A little heads up from experience relative to the CSM; I recommend if using the CSM, don't always pick the Hot and the Weak to look at for possible trades. I have found at times those currencies have already made their significant moves. I do look at the Top and Bottom of course, but I have found some good trade on pairs that have not yet made their moves somewhere in the middle of the indicator.
I suggest, to play around and look at some of the middle pairs and analyze yourselves and see if what works for you......
Keep It Simple
- #308
- Jan 27, 2016 5:56am Jan 27, 2016 5:56am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
I have had some PM's asking how volume fits in with PVSRA and have referred those back to the Old PVSRA thread, which I will continue to do. This one time, Due to it being a quiet time at the moment, I will post the use of the volume indicator quoted from TAH the originator and coder of this great indicator. I don't believe I or anyone can explain any individual parts of the PVSR system, templates and use of indicators better than its originator;
" Volume - Increases in activity denote increase in interest. But, is it long or short interest? Where is price in the bigger picture when this is happening? Is it at relative highs, or lows in the overall price action? And if a high volume bar is for a candle which you can examine by going to lower TF charts, you might see where in the spread of that candle the most volume occurred, high or low! Using volume is about taking note of relative increases in volume and what price is doing at the same time. Are the better volumes favoring the lower or the higher prices, as the MMs waffle price up and down? And do the volumes get particularly notable when the MMs take price above or below key SR? "
I hope this helps clear up some questions as have been explained many times, learning and trading PVSRA is an ART and a difficult one at that. It will challenge a trader to think, not just follow crossing moving averages or Ouija Boards for buy/sell signals and then brainlessly clicking a mouse. I have seen many traders through the years come to the Sonic R and PVSRA threads and get excited when they see all of the pips traders are banking, but when they realize they have to actually think and learn how the market really works, they disappear. Usually they will find another thread showing pretty moving averages and buy/sell stuff, blow a couple of accounts and then return to LEARN HOW TO TRADE LIKE THE MM'S and then begin making nice profitable trades. If you desired to become a Doctor, Lawyer or any other respected professional earning a nice living for your family, it would take years of education and lots of money. Here you can dedicate yourself and accomplish the same FREE of CHARGE!.............
Stay GREEN My Friends!
" Volume - Increases in activity denote increase in interest. But, is it long or short interest? Where is price in the bigger picture when this is happening? Is it at relative highs, or lows in the overall price action? And if a high volume bar is for a candle which you can examine by going to lower TF charts, you might see where in the spread of that candle the most volume occurred, high or low! Using volume is about taking note of relative increases in volume and what price is doing at the same time. Are the better volumes favoring the lower or the higher prices, as the MMs waffle price up and down? And do the volumes get particularly notable when the MMs take price above or below key SR? "
I hope this helps clear up some questions as have been explained many times, learning and trading PVSRA is an ART and a difficult one at that. It will challenge a trader to think, not just follow crossing moving averages or Ouija Boards for buy/sell signals and then brainlessly clicking a mouse. I have seen many traders through the years come to the Sonic R and PVSRA threads and get excited when they see all of the pips traders are banking, but when they realize they have to actually think and learn how the market really works, they disappear. Usually they will find another thread showing pretty moving averages and buy/sell stuff, blow a couple of accounts and then return to LEARN HOW TO TRADE LIKE THE MM'S and then begin making nice profitable trades. If you desired to become a Doctor, Lawyer or any other respected professional earning a nice living for your family, it would take years of education and lots of money. Here you can dedicate yourself and accomplish the same FREE of CHARGE!.............
Stay GREEN My Friends!
Keep It Simple
- #310
- Jan 27, 2016 6:17am Jan 27, 2016 6:17am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Quick FIFO long on GU closed with profit Long entry taken on retrace. {image}
Nice trade and chart. You are lethal with your M1 snipe scalps and you have realized how those little 5 and 6 pip trades with multiple lots pay off........
Keep It Simple
AUD CPI Releases; I have seen this played out by the MM's many times prior to RED news. They will run PA Up or Down just prior to the news attempting to sucker in traders and then with the news releases run PA the opposite direction and catch wrong way traders and grab stops.........{image}
Hey Cigarguy, congratulations for the new thread!
I read about PVSRA and following tah's posts since Sonic R System, but I never fully understood the matter of "grabbing stops", and it's something that "sit on my mind".
What does it help for the Smart Money, Market Makers or whatever we choose to call them to grab our stops? how does they make any money from it?
I understand that they can make luquidty creation from those moves but never understand how they actually make money from it.
I will love to hear from you how you understand it, because i'm little bit confused
Meanwhile- long GBP/USD, consolidation below wholenumber withouh supply + 38.2 Fib level from last swing.
{quote} Anonymous32, Nice profitable trade and explanation....
Really happy to know my explanation was good hehe.
The Earlier You Start, The More Time You Have To Mess Up.
- #320
- Jan 27, 2016 7:30am Jan 27, 2016 7:30am
- Joined Oct 2010 | Status: Trader | 2,819 Posts | Online Now