![Think :think:](./images/smilies/eusa/think.gif)
EP= Entry Point, PA= Price Action. You will find these and others both in Indicator User Notes in Downloads Room as well as in many posts and charts posted on this site. - Tah
Jonatas Alves wrote: ↑Tue Oct 15, 2019 11:09 pm In the 'library study room', I see a lot of the initials PA and EP, EPs, which means these initials in PVSRA v2, I'm studying in my spare time, I'm asking this question to make my reading easier. thanks.
EP= Entry Point, PA= Price Action. You will find these and others both in Indicator User Notes in Downloads Room as well as in many posts and charts posted on this site. - Tah
TAH,Traderathome wrote: ↑Thu Oct 03, 2019 1:26 pm "Hold, Fold, Switch"
Dear PVSRA Musketeers,
I know of no person so adept at riding the coattails of the MMs as is our member "runner". To my knowledge, "runner" coined the phrase "HFS: Hold, Fold, Switch", and it has a lot to do with his success. And there is a lot to learn from runner's posted trades since HFS is involved as a discipline, whether it had to be acted upon with a trade being closed (or closed and switched) or did not have to be acted upon. We are fortunate to have runner as a member, participating and sharing.
Because a large percentage of traders have difficulty bringing themselves to close losing trades before they get to be BIG LOSING TRADES, and then have even more difficulty keeping themselves from adding to BIG LOSING TRADES, the HFS discipline is the best partner to our PVSRA core trade management discipline of trading very, very light relative to account equity. So, to help all PVSRA Musketeers understand HFS, here is a synopsis:
HFS: What to do When PA Goes to Wrong Side of Dragon.
1) Wait to see if PA also breaks nearest SR on wrong side of Dragon.
- Yes? Fold!
2) If "No? Hold!", then wait to see if PA ranges and later breaks the range in the wrong direction.
- No? Hold!
- Yes? Fold!!
3) Whenever "Yes? Fold!", assess for new direction "Switch trade".
- No? Hold!
4) Whenever "No? Hold!", sit on hands and continue to monitor your trade!
HFS is a profitable discipline for traders. I thank runner for his participation here and annotating his posted trades for HFS considerations. I also welcome runner's corrections and/or additional thoughts on HFS as described here.
Sincerely,
Tah
Dear Paul,paulcarissimo wrote: ↑Thu Nov 21, 2019 11:01 am Oh, so I see, out of the box thinking is shunned on this forum ?
Well, I'm not trying to derail or entice this forum into trading my way all I needed was the opinion of someone experienced in these things.
And yes, I'm more successful using this method.
Please go ahead and delete all my posts and terminate my account, I already feel stifled just reading your comment.
I didnt use them. I use ICMarkets and they're really good. Can reccomend them.zan wrote: ↑Mon Dec 02, 2019 10:32 pm Hi team,soon will be trading with a much larger account, I have used LMFX before and found them very good to deal with. I sadly never had the chance to withdraw any funds because I didn't know what I was doing back then! Does any one here still use LMFX and how do you find them, especially with regards to withdrawing funds? Thanks![]()
Hello! Good Morning!Traderathome wrote: ↑Sat Feb 04, 2017 1:37 pm"Stopping Volume"zan wrote:Hello all happy new year,i would like improve my knowledge regarding(stopping volume) i think i get it ,but would like to be sure.Tahs most recent post USD JPY short trade pointed this out,good time to ask.perhaps a brake down of this stopping volume area would be a great help .Thanks enjoy your weekend.ZAN.
Folks, this term refers to when we see relatively high volume coming in after some sort of a run. I know this sounds vague right from the start, but after all, what about the market is not vague? Huh?! When the volume histogram shows such a thing happening, we need to be on our toes. This does not have to be huge volume relative to all the volume across the histogram. It only has to be relatively high compared to the "average" volume across the histogram. What might be happening is that the MMs are suddenly coming in to absorb all the orders that are pushing the price in the direction it has been going.
Let's say price is going down, and then we see it start to slow or even stall while higher volume comes in. What might be happening is that the MMs are absorbing all the sell orders left over when other counterparties with buy orders dry up. The MMs start buying in such manner as the price ceases to drop rapidly, or even stops dropping altogether. Now the MMs have longs at low prices. Where do you think they are going with the price next,.........eventually.?
"Next" might be right away or after the MMs range price to see if they can accumulate more longs. If ranging occurs, then for how long? We simply cannot know,.....a vagueness of the market, folks.
And why would the MMs even bother to stop the price from dropping? Nice question. Perhaps the next prominent move will be the start of a bull swing and the MMs were stop hunting longs and accumulating longs on the move down, to be in better shape for a bull swing. Or, perhaps the move down was nothing more than a move to sucker in shorts, in which case the next move.....when it comes.....is still likely to be back up, maybe to the previous high area of ranging, where the MMs might range it again while they close those longs at profit and work to accumulate more shorts. See? Another vagueness of the market.
We cannot know how the price will move next! What just happened? Why? What does it mean? WE CANNOT KNOW! What we can know is that something of importance just happened and it might mean the game is changing, or at least changing from what we thought it was. We should force ourselves into constant awareness of this fact. And then we can appreciate the simplicity of our TVT20 "FIFO" trading method. As the MMs whip and whack price thru the week, moving it both long and short distances, both with and against whichever "trend" you think some higher TF chart depicts, there will be these TVT20 "FIFO" setups. And they don't care about HTF trends! Look for decent setups. Gauge where the EP looks to be relative to overall PA. Don't go for it if the setup is for a short and already PA is low relative to the last lows, or if the setup is for a long and already PA is high relative to the last highs. Be sure there are decent TVT20 "FIFO" pips to be made before PA reaches the next major SR.
Well, you get the picture. We need to stay aware of new PVSRA clues thrown into the mix. We need to be able to change our thinking (bias) as new things happen. You probably noted that I did not do this on my UJ short trade. When the "double bottom" appeared, I was so set on the possibility of UJ going on down to at least previous major lows by the end of the week, that I let the trade ride. As punishment, I watched PA return to the area of my EP and later drop again, but not quite so far as where I could have easily closed the trade after seeing the "double bottom". So, I missed out on being able to make the same trade twice, and profiting twice....with more profit overall.
And so,......here is a good place to repeat an oft expressed thought. "We need to trade what we see. Not what we believe." .....Not even what we believe to be possible! Our TVT20 "FIFO" setup is a good trading method. Gets us in and out daily, exposing our assets the least amount to sudden bad happenstances, including Black Swan events. Sure, like anything else, they are fraught with possibilities for head fakes and stop hunts. But once they get going, they are good for decent pips for the day. We just need to be good trade managers, folding small red on head fakes and stop hunts.....even not knowing for sure if an adverse move is one of them! We can always hop back in later if PA again gives us what we are looking for. If we are in a trade and PVSRA shows us a new clue that something relatively more important is now happening (no matter what it might mean for future PA and the TVT20 trade), close the trade and wait to see more of what happens.
And "stopping volume" is one of those relatively more important events.
- Tah![]()
We agree, there are many ways to trade. All of them can be enhanced with HTMRW, PVSRA, TOWYS and trading very light relative to equity. The reasons for the FIFO TP method are simply to avoid the impact of negative swaps, to avoid possible stop out due to wild spread actions at day changeovers, to avoid possible wrong way gaps after weekends and to avoid that seldom, but "never can know when", Black Swan event. Another idea behind our method is to obtain trade results sooner, daily being preferable, so that those getting into trading can experience the entire cycle of a trade in a single day, with profits being preferable, but if losses due to lack of discipline or patience then the next chance to do better comes quickly.Zerd wrote: ↑Thu Jan 02, 2020 4:01 am Thank for all. I am a longtime member and I am here to follow up after my contributions. Honestly, My trading method on PVSRA system is a bit different, even similar to the first reading method that TAH uses. Compared to all posts following a FIFO method I feel like I'm stuck. Currently, I trade only EURUSD and probably will be the only pair with 1 month for 3 or 4 EP makes it boring and less shared. I think we should have an area reserved for individual traders and not go by the FIFO method like me (there are certainly many other traders).
Actually, the PVSRA system is the foundation of other systems. It is larger and more evolved than the methods in the trading room. This is my personal opinion. Stay here and learn.
Thank for PVSRA and especially TAH.![]()