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PVSRA Scalping with Cigarguy

  • #4,001
  • Sep 1, 2016 9:36am Sep 1, 2016 9:36am
Quoting cigarguy
A QUICK look at our MADdash CM to see pairs worth stalking for possible PVSRA entries........
Cigarguy,

Indicator doesn't go on chart: tried on three MT4 platforms( version 1010, different brokers) ...indicator doesn't show up at all, not even listed on indicator's list.

M1, plain chart. Have idea what might be wrong?

Thank you
  • #4,002
  • Sep 1, 2016 9:49am Sep 1, 2016 9:49am
Quoting ruma29
{quote} Cigarguy, Indicator doesn't go on chart: tried on three MT4 platforms( version 1010, different brokers) ...indicator doesn't show up at all, not even listed on indicator's list. M1, plain chart. Have idea what might be wrong? Thank you
ruma29,

Sorry, not a PVSRA indicator as I picked it up here at FF and this is the version that works for me......Install on any currency M1 chart.....
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  • #4,003
  • Sep 1, 2016 10:03am Sep 1, 2016 10:03am
UJ M1 FIFO Scalp +29 Explanation on chart....
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  • #4,004
  • Sep 1, 2016 10:16am Sep 1, 2016 10:16am
For NEW Traders/Scalpers....Just a reminder to identify the type of market we are currently in and watch for confirmed PVSRA entries as these patterns will occur over and over of course.....In reference to the bottom chart; Each, Trend, Ranging and Break Outs may be scalped for some nice pips depending on the t/f's observed and identified.......
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  • #4,005
  • Sep 1, 2016 10:25am Sep 1, 2016 10:25am
As PVSRA scalpers this is what we do per definition;

(Sorry for the redundancy to experienced scalpers but I always observe and receive PM's from new traders interested in our scalping system)


Quote
DEFINITION of 'Forex Scalping' A trading strategy used by forex traders to buy a currency pair and then to hold it for a short period of time in an attempt to make a profit. A forex scalper looks to make a large number of trades and earn a small profit each time.
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  • #4,006
  • Edited 11:46am Sep 1, 2016 11:08am | Edited 11:46am
UJ M15 Food for thought for fib observers/traders....as PA found support on M15 at the 200 ema and near RDL....... Observing the candle wicks at this support level a possible nice retrace to 23.6% and above to 38.2% most likely..........but we shall see what the sneaky MM's have in mind.....
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  • #4,007
  • Sep 1, 2016 11:29am Sep 1, 2016 11:29am
Quoting Vape
EU M1 -3 pips. Explaination on chart. {image}
Waow was an perfect entry as we all looking for all day long, of course we cannot win all this perfect trade.. This is also interesting that CG took the same trade, accepted the DD and reached his target, 2 same trade and 2 different results just because 2 different money mangement, really interesting case for "newbies" imho !
My conclusion is, try to follow me , this 2 trades with 2 differents mm have the same expected value in hands of 2 experiment traders like you two even if one loose and one win ! I told you first try to follow me , so well done Vape and CG
There is no way to happiness , happiness is the way.
  • #4,008
  • Sep 1, 2016 11:32am Sep 1, 2016 11:32am
Quoting cigarguy
{quote} Ockham, Sure, that is the candle clock I used long ago on the old THV thread where I started trading with TAH before Sonic R and PVSRA. I only mentioned because lots of history with some of these old indies that still work today with our new MT4 Builds..........Here you go..... Enjoy {file}
Thanks i will try this tomorow morning, 23h30 here, already happy to use an original indicator from TAH !
There is no way to happiness , happiness is the way.
  • #4,009
  • Sep 1, 2016 11:47am Sep 1, 2016 11:47am
Quoting cigarguy
UJ M15 Food for thought for fib observers/traders....as PA found support on M15 at the 200 ema and near RDL....... Observing the candle wicks at this support level a possible nice retrace to 23.6% and above to 38.2% most likely..........but we shall see what the sneaky MM's have in mind..... {image}
UJ M15 +21 See chart......but no momentum this time of day..........
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  • #4,010
  • Sep 1, 2016 12:22pm Sep 1, 2016 12:22pm
Quoting Ockham
{quote} Waow was an perfect entry as we all looking for all day long, of course we cannot win all this perfect trade.. This is also interesting that CG took the same trade, accepted the DD and reached his target, 2 same trade and 2 different results just because 2 different money mangement, really interesting case for "newbies" imho ! My conclusion is, try to follow me , this 2 trades with 2 differents mm have the same expected value in hands of 2 experiment traders like you two even if one loose and one win ! I told you first try to...
Ockham,

Actually Vapes trade was much safer and more consistent with good management then mine. Traders should always use a stop and as a good rule of thumb not risk more then 1% of your balance on a single trade. With that being said, I've been scalping for quite some time and have had more stops hit incurring losses and therefor only set a emergency stop ie., 20 pips and using a mental stop as this works for me.

I chose to scalp with a mental stop carefully watching PA's momentum (such as PA stalling) and S & R and fib numbers etc., as stops. The subject risk/reward, money management and stops could fill an entire thread which I won't take time or space discussing here.

If new traders have unanswered questions and concerns, I suggest that they seek their answers through internet research.

IMO, as in most areas of trading/scalping ending with no definitive answer, each trader must decide what works for them.....
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  • #4,011
  • Sep 2, 2016 3:00am Sep 2, 2016 3:00am
Quoting cigarguy
{quote} ruma29, Sorry, not a PVSRA indicator as I picked it up here at FF and this is the version that works for me......Install on any currency M1 chart..... {image} {image} {image}
Thank you. That version in post #219 is 1.3...Kindly post that version 1.32 ...it might work.
  • #4,012
  • Sep 2, 2016 3:02am Sep 2, 2016 3:02am
So firstly thank you @Cigarguy for sharing with us your strategy and all of the fantastic information in the forum to go along with that, now I am not a good trader yet but I am slowly improving and thus still running a demo account until I can at least become consistent. I am still learning to be patient and wait for the correct setups but I thought this was my best so far what do you think? Excuse me if the formatting is not 100% correct.

I never managed to get your currency power indicator to work though or the red and green candle colours like your chart has.

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  • #4,013
  • Sep 2, 2016 5:20am Sep 2, 2016 5:20am
Quoting Ipodbob
I never managed to get your currency power indicator to work though or the red and green candle colours like your chart has. {image}
For the currency power indi did you tried this one ?
Attached File(s)
File Type: mq4 CM_Strength_Fix.mq4   17 KB | 645 downloads
There is no way to happiness , happiness is the way.
  • #4,014
  • Sep 2, 2016 5:31am Sep 2, 2016 5:31am
Quoting Ockham
{quote} For the currency power indi did you tried this one ? {file}
Thanks I have it working now
  • #4,015
  • Edited 6:55am Sep 2, 2016 6:28am | Edited 6:55am
Quoting ruma29
{quote} Thank you. That version in post #219 is 1.3...Kindly post that version 1.32 ...it might work.
ruma29,

Here you go.....

NOTE: If the Buy/Sell signals are used for a heads up, be sure to confirm for a PVSRA entry prior to entering a trade...that is only a heads up for possible pairs of interest and can have a very short shelf live......
Attached File(s)
File Type: ex4 MADdash.ex4   151 KB | 442 downloads
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  • #4,016
  • Sep 2, 2016 6:31am Sep 2, 2016 6:31am
Thank you....1.32 works.
  • #4,017
  • Edited 6:56am Sep 2, 2016 6:43am | Edited 6:56am
Quoting ruma29
Thank you....1.32 works.
Sorry about that forgot I had 2 versions... Be sure to use as I posted above...
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  • #4,018
  • Sep 2, 2016 7:30am Sep 2, 2016 7:30am
EU H1 Quick Scalp +21 Dropped down to M1 for entry after PA rejection from 50 ema and 1.11750 key level.
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  • #4,019
  • Edited 8:46am Sep 2, 2016 8:36am | Edited 8:46am
EU M1 FIFO Scalp +35 See Chart for explanation and added on bullish move up...

Bottom chart why I scalp for FIFO pips...Just my style not for everyone......after retraces new entry opportunities will come for additional scalps as just following the mm's momentum. Keeping it simple and trading with the Smart Money..........
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  • #4,020
  • Sep 2, 2016 8:52am Sep 2, 2016 8:52am
Stay GREEN My Friends and have a Great week end.....



Regards,
Cigarguy

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