For a refresher course on PVSRA, reading this post by TAH is well worth your time. PVSRA Tutorial http://www.forexfactory.com/showthread.php?p=6657949#post6657949

Sonic R. System

This post is worth a re-read. url

Sonic R. System

The statement "backwards to many" caught my eye. I have been floundering for well over five years trying to get a handle on the essence of forex trading. It wasn't until I stumbled across the book "Mastering the Markets" that I began to truly ...

Sonic R. System

I get where you are coming from, but I still say it is impossible to generalize. You can take a lot of "pain" on a $500 account trading at two cents a pip. That is the beauty of PVSRA. You have a pretty darned good idea which way the "money-ballers" ...

Sonic R. System

Tymedu, I think you have the patience of a saint! You always seem to take someone's negative comments, and turn them into a positive. I applaude you for that. One thing I have learned. The internet (and forums such as this) is filled with people ...

Sonic R. System

One thing I would like to add. Trading in this fashion isn't a "set it, and forget it" process. The trade(s) are being constantly monitored and reanalyzed from beginning to end. You can't do this with a hard stop loss. Flexibility is a big part of ...

Sonic R. System

I personally have a difficult time approaching a trade with a specific "percentage of account" amount. The tolerance is totally subjective to each individual, and is relevent only to their personal account size and the size of the position(s). A ...

Sonic R. System

Couldn't have said it any clearer - good job Tymedu! It's the same EXCEPT, it's better. The added PARTS of the position/trade allow you to exit the trade with a profit, even if one or more of the PARTS of the position/trade are losers. To me, that ...

Sonic R. System

I like that analogy!

Sonic R. System

One thing that I would like to add to the mix. Part of the effectiveness of PVSRA and building positions before the RFP's is that it allows you to adjust your TP target closer if necessary, and still make a sizable profit. The averaging (and using ...

Sonic R. System

I've got the same trade running, but with very little too risk - profit wise - at the moment. I'm just setting a stop at BE with the outside chance it might still go up and hit my TP target. Worth the risk.

Sonic R. System

Go right ahead and do it....I double dog dare you! image

Sonic R. System

EDITED - to comply with "no picture, no post" rule. image

Sonic R. System

Really, we probably can't blame them. Their purpose for being there is to make as much money as they possibly can, and they have tools at their disposal that we don't have access to. The closest thing to it for us is PVSRA. It's not as good as being ...

Sonic R. System

I suppose the key to this would be WHEN the position building began.

Sonic R. System

Why WOULD they even consider closing the positions so soon? If they spent all that time building the position, they would certainly want to take the price lower than where the position building began, otherwise they would be throwing away good ...

Sonic R. System

Speaking of Gold and Silver.............. I tried earlier today to make a trade on Gold for the first time. My account is with IBFX, and for some reason the trade wouldn't go through. Is there something special about a Gold or Silver trade that I'm ...

Sonic R. System

I wish I COULD answer your question, but the fact of the matter is..... NOBODY can know that!

Sonic R. System

Is this indication of a USD/JPY LONG a concern for the AUD/JPY SHORT trade you have going?

Sonic R. System

Thanks for the hot tip! Writing that sure-fire formula down in a conspicuous place. TP=LP-HF*200%

Sonic R. System