Disliked...Does this mean if one use IB as broker, then the volume he is seeing does not include trades via fxcm,.. etc?.....Ignored
Where do you see volume on forex there??
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Disliked...Does this mean if one use IB as broker, then the volume he is seeing does not include trades via fxcm,.. etc?.....Ignored
DislikedI have made 600 pips with PVSRA at EURUSD. I was not disciplined enough to post them here. I`m started shorting before TAH. I have also caught top, but was not patient enough to ride it all the way. The fear of weekend comes to me at wednesday. I found myself overtraded. I`m not locked with FIFO rule, so i have closed my positions partially from time to time and my result in pips not so good. But i have added third part of my positions at the way down to 1.302. Shorting every top and every plato was hard psycho. I`m intend to do scouts more strong....Ignored
Disliked{quote} Exactly my thought DmitryFX. However I entered trade at 1.3047 (just before German news came out, wasn't aware of that....) EU declined but volume info at 1.3022 strengthen my thoughts that they were heavily buying. (Previous my instinct would close the trade at a loss exactly on 1.3021, but now mind is reversing...) So I let it ride and I will take profit at 1.3100 Sorry no charts,figuring out how to do that easily.Ignored
Disliked{quote} Do I read you use Interactive Brokers also? Where do you see volume on forex there??Ignored
DislikedGM @ Sonicdeejay & @ traderathome.....gentlemen, As ever, patience and disicipline will be the key to maximising on the ideas in this great thread.Ignored
DislikedGM @ Sonicdeejay & @ traderathome.....gentlemen, a most interesting discussion over the past few hours. Whilst I do not trade as TAH, as a ex development engineer, I am watching his work in progress as he works to develop his system for profiting from his PVSRA approach - and remember guys it is Work in Progress and its final format has yet to arrive. I do however personally agree with Sonic's approach and as we move into summer, I am looking for a longer term methodology as I will have less screen time available. I will be looking to build positions...Ignored
Dislikedmissile locked.. minimum 110+ pips on my EJ.. see if Mr Mkt willing to give me more.. Sonic {image}Ignored
DislikedGU Short Trade: Entered short, Scout, MMs pumped price above the half number and poured on the trades (M1 PVSRA) confirming the MMs are now bears hiking prices to add shorts. It is important to remember that while PVSRA makes it easy to know if the MMs are bulls or bears, we can never know at what price they will initiate their profit making run. So in this case price could go higher,.....and higher,......and higher before starting to move back down. The risk of this happening is reduced because this hike is above a half number near the top of an...Ignored
Disliked{quote} GU Short Trade: Added short trade #3, Sonic Scout based on MMs moving price to S&R 1/4 area twice now and with higher volumes following. {image}Ignored
Disliked{quote} GU Short Trade: Added short trade #4, a Sonic Scout as MMs moved price back above whole number on high relative trading (M1 confirmed). {image}Ignored
Disliked{quote} GU Short Trade: Added short trades #5 and #6, Scouts. Big run after USD "news", followed by big increases in trading after the MMs hiked the price above the half number S&R. PVSRA indicates MMs are still very much bears. {image}Ignored
Disliked{quote} GU Short Trade: Added short trade #7, Scout. M1 PVSRA, MMs raised price above 3/4 S&R and followed up with higher trading = bears. BTW, the US MMs timed this hike for right after the close of the London session so there would be less competition for liquidity. {image}Ignored
Disliked{quote} GU Short Trade: Added short trade #8, Classic. M1 PVSRA shows higher activity at highs and coming off of highs, indicating the MMs remain bears. {image}Ignored
DislikedEU Short Trade: Entered Classic short. No SL, TP at this time. {image}Ignored
Disliked{quote} closed my overnight baby for abt + 172 pips as I see some signs.. Sonic {image}Ignored
Disliked{quote} Ahh, so you did go long after all...thought you were bearish on EurJpy yesterday. Nice trade though, I managed 100 pipsIgnored
Disliked{quote} {quote} {quote} {quote} {quote} {quote} GU Short Trade: Closed all eight short trades for 100x8= 800 pips gain, average EPx8 to close at TP1. {image}Ignored
Disliked{quote} Yep I know, classic mistake, I could have a much better entry after LO. Printed in my mind now....Ignored
DislikedEU Short Trade: Entered Classic short. No SL, TP at this time. {image}Ignored
Disliked{quote} my apologies.. I was just using interactive brokers as an example.. i have used it before for equities so it is the first one on top of my head. I currently do not do fx with them so I cannot answer your question. I have been on fx paper using demo accounts in mql4. so my point was do volume info from brokerA not capturing volume/trades via brokersB, C, D? If so, would it be better to choose a broker (if any) that MMs use.. Would PVSRA still work if my broker has no MM clients such that volumes/trades are actually retail only..Ignored
DislikedI`m intend to do scouts more strong. There is no real need to build position as MM for me. The "wrong" side can be too long.Ignored