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-   -   PVSRA Scalping with Cigarguy (https://www.forexfactory.com/showthread.php?t=575363)

Seshwaan Oct 25, 2017 10:21am | Post# 11621

{quote} I stayed away from that one because of that big green candle at the new hour.. turned out I was very wrong
Exactly same thing I did... I think this was a classic case of MM's building short positions above 114.000 as price consolidated up there around 114.100-200 for a good while

robmagario Oct 25, 2017 10:41am | Post# 11622

1 Attachment(s)
EURUSD M1 LONG 4.5PIPS 2 trades

- Break of the previous high with multiple green candles and notable volume.
- I entered after a retrace and entered again when PA retraced even further to the 25 wgt.
- Exited when PA made double shoulders with previous high and notable volume.
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the3mp Oct 25, 2017 10:57am | Post# 11623

1 Attachment(s)
EURUSD +5

Huge candles breaking upwards, then the price bounced on the 25wgt and I entered. Closed at previous top because a strong resistance area was just above it.

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robmagario Oct 25, 2017 11:04am | Post# 11624

EURUSD +5 Huge candles breaking upwards, then the price bounced on the 25wgt and I entered. Closed at previous top because a strong resistance area was just above it. {image}
I did something similar! Well done!

the3mp Oct 25, 2017 11:18am | Post# 11625

1 Attachment(s)
GBPUSD +6

The support at .323 had resisted and price had come out of it with great volume. After some ranging, the hour candle closed above the half level thanks to a big green candle right before the end, giving some hint on a will to push the price higher. Closed at next .326 cause I don't want to be greedy, but some room up.

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robmagario Oct 25, 2017 8:03pm | Post# 11626

1 Attachment(s)
USDJPY M1 +4PIPS SHORT

- Lower tops with notable volume confirmed the trend was bearish
- Red candle made a new low with notable volume
- I waited for a retrace back to the 25 wgt and entered
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rihlian Oct 26, 2017 1:29am | Post# 11627

1 Attachment(s)
USDJPY +5 PIPS

Short after PA broke dragon and EMA200 with red big candles and notable volume. Hit my target.
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Name: USDJPY 26102017.png
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cigarguy Oct 26, 2017 2:21am | Post# 11628

USDJPY +5 PIPS Short after PA broke dragon and EMA200 with red big candles and notable volume. Hit my target. {image}
Nice catch...,

the3mp Oct 26, 2017 4:26am | Post# 11629

1 Attachment(s)
GBPUSD +5

Bearish trend, strong rejection by the dragon after the price tried a run up with the new hour. Got in and aimed to the previous low, with a chance of a breakdown even lower. Not my favorite trade from a success rate point of view, but the upside was very high and there is a clear SL very close, just above 1.324.
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rihlian Oct 26, 2017 6:34am | Post# 11630

Cigarguy & All

One of the problem that I am facing is over trading. So I decided to go with this plan.
1) maximum trade per day- 3
2) I am done for the day if I win two consecutive trades
3) I am done for the day if I lose two consecutive trades.

Any suggestion ?

Thanks in advance

DrForexMD Oct 26, 2017 8:15am | Post# 11631

3 Attachment(s)
Thank you CG et al:

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I believe you all changed my life !

Roose Oct 26, 2017 10:00am | Post# 11632

3 Attachment(s)
GBP/USD +4.7
USD/JPY +3.9
GBP/USD +2.4
Explanations on chart
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Kubiasty Oct 26, 2017 10:51am | Post# 11633

2 Attachment(s)
USDJPY +4 pips:

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Name: USDJPY cigar 1.png
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USDJPY +5 pips:

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cigarguy Oct 26, 2017 12:26pm | Post# 11634

Thank you CG et al: {image} {image} {image} I believe you all changed my life !
Nice....Enjoy My friend ...

cigarguy Oct 26, 2017 12:30pm | Post# 11635

So many good scalps these days impossible to single out specific traders....

simjo Oct 26, 2017 12:51pm | Post# 11636

1 Attachment(s)
GBPUSD SHORT +12
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the3mp Oct 27, 2017 4:18am | Post# 11637

1 Attachment(s)
GBPUSD +8

Huge downtrend. Missed a couple easy entries during the previous hour. After that, the price makes a small double bottom that gets broken with a huge candle on the new hour. Got in and closed around quarter level, when the action lost some momentum.

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DrForexMD Oct 27, 2017 9:39am | Post# 11638

1 Attachment(s)
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DrForexMD Oct 27, 2017 9:47am | Post# 11639

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Kubiasty Oct 27, 2017 9:50am | Post# 11640

4 Attachment(s)
Question to Robson and cigarguy, is this trade correct with ur metohodology? strategy?
Question nr 2 to Robson. What is your money management ? I see your trades always RR 1:1 , am I right?

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+15 pips

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+10 pips on GBPUSD:

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