Disliked{quote} ozziedave, I do look for and trade a modified A - B - C pattern with PVSRA confirmation. I edited your posted chart with notations I believe pretty much coincide with your annotations except I noted PVSRA considerations and PA break of B as an Aggressive entry and the entry past B as a Conservative entry. (as depicted on the chart) which is kinda like splitting hairs as each move would have produced winners) Please let me know what you think as this is the kind of open discussion of ideas that I have encouraged for this thread. Some traders...Ignored
I'm just new to PVSRA so by all means edit away. My charts are just offering some general insight on trading. I sure with our combined experience we can get people up to speed and trading PVSRA on a consistent manner and save them alot of trail and error in the process.
As you well know it takes people years and years of chart time to finally come up with a methodology that is consistently profitable that fits their trading style.
I believe that your take on PVSRA trading is one of the best scalping systems I've seen. Taking 5 pips plus outta the market and progressively building your lot size just makes sense to me.
Hitting 100-300 pip home runs is nice but doesn't happen all that often to the average trader and even if it did most of us would never be able to use larger lots sizes due to the stop loss that we would need to employee.
So keep up the good work Cigarguy!