Attachments: PVSRA Scalping with Cigarguy

PVSRA Scalping with Cigarguy

Post #12,661
Quote
Edited at 4:05pm Apr 5, 2018 3:52pm | Edited at 4:05pm

DrForexMD
Joined Jun 2016 | Status: PA Pivot Trader | 3,409 Posts

GU +319.6

Finally, very predicable with a strong Bearish momentum, the LON Close of their GBP finishing with more shorts with closing their books for their London session:

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GN

Regards,

- John

"What Goes Up, Must Come Down." - Sir Isaac Newton

Oanda - Live Return Today: na

Post #12,662
Quote
Edited Apr 6, 2018 9:43am Apr 5, 2018 4:29pm | Edited Apr 6, 2018 9:43am

DrForexMD
Joined Jun 2016 | Status: PA Pivot Trader | 3,409 Posts

Oops, I forgot to share this potential watch-list for the AO and JPY Red News for shorts:

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Regards,

John

"What Goes Up, Must Come Down." - Sir Isaac Newton

Oanda - Live Return Today: na

Post #12,663
Quote
Apr 6, 2018 10:24am Apr 6, 2018 10:24am

Vape
Joined Feb 2016 | Status: Member | 944 Posts

It would be helpful if these charts had explanations as to why the trades were taken so that we all can learn. Open price, close price.... Traders helping traders......

Post #12,664
Quote
Apr 6, 2018 12:18pm Apr 6, 2018 12:18pm

hards
| Joined Sep 2009 | Status: Member | 227 Posts

Quoting DrForexMD

Disliked

{quote} Hi Vape, Coming from you, that is an honor. But honestly, I just repeat the PVSRA-FIFO ideal. I mean no disrespect, but I am far from a teacher of Forex. I just love this FIFO as I shot and close my target rapid fire as the PA moves around the the Dragon, EM50, LSWA25, EM200 and luck as Forex just requires pratice, patience, courage, experience, good leverage, luck, art and yes PRAYER so that I stay-out when there are no real set-ups as per the CG-PVSRA-FIFO. Besides, when I am doing my trading I use tiny 2 Pip TP with 0.03-0.06 Lots with...

Ignored

Hi Dr.
I am not a regular here and have not posted my trades. However, I thought you might be interested in some outside insight regarding your recent philosophy concerning using a huge stop loss thinking that protects you because "what goes up must come down".

It is working for you right now because since January the USDX has been trading is a relative tight range as seen on the chart. The EURUSD has been in a range of a bit less than 200 pts and in fact what goes up has been coming back down.

As long as it continues to do that your system may work for you. At some point in time the range will be broken and a trend in one direction may develop. When that happens having a huge stop loss in place on multiple trades at the same time has the potential of wiping an account out.

About a year ago I got trapped in a DEMO Account AUDUSD Trade where I had a huge SL in place and eventually wiped the account out. That is when I began to follow the USDX so I could get a better feel for where the Dollar is going. The direction of the dollar determines the direction of dollar based pairs.

I follow the USDX with a demo account at:

http://www.forexltd.co.uk/trade/mt4 (I do not have a live account there.) By doing that I can see what is happening on USD based currencies on a minute to minute basis. Thank you for posting your trades.

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True Grit!

Post #12,665
Quote
Edited at 2:34pm Apr 6, 2018 2:22pm | Edited at 2:34pm

Arturke
Joined Dec 2011 | Status: Member | 327 Posts

USDCAD +5.1 explanation on chart

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Keep It Simple

Post #12,666
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Apr 9, 2018 3:28am Apr 9, 2018 3:28am

artestine
| Joined Sep 2015 | Status: Member | 23 Posts

EurAud quick profit for +27,6 pips.

Explanation on chart.

The analysis of MM's helped me in this trade. EA bullish, EU bearish and AU bearish.

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Post #12,667
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Apr 9, 2018 6:25am Apr 9, 2018 6:25am

artestine
| Joined Sep 2015 | Status: Member | 23 Posts

Quoting artestine

Disliked

EurAud quick profit for +27,6 pips. Explanation on chart. The analysis of MM's helped me in this trade. EA bullish, EU bearish and AU bearish. {image}

Ignored

AU is approaching the half number to testify the weakness of the AUD. Didin't take it because I prefered to take the long on EA, But keep an eye to spot occasions for more shorts

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Post #12,668
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Apr 9, 2018 10:01am Apr 9, 2018 10:01am

the3mp
| Joined Sep 2016 | Status: Member | 413 Posts

EURUSD +7

Textbook entry, not much to say I think. Closed it when the quarter level rejected three different candles. Still a lot of space on the upside, anyway.

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Post #12,669
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Apr 9, 2018 11:05am Apr 9, 2018 11:05am

Vape
Joined Feb 2016 | Status: Member | 944 Posts

EU M1 +5 Explanation on chart

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Post #12,670
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Apr 9, 2018 11:14am Apr 9, 2018 11:14am

the3mp
| Joined Sep 2016 | Status: Member | 413 Posts

Quoting Vape

Disliked

EU M1 +5 Explanation on chart {image}

Ignored

Very similar, just got in a bit earlier, at the breakout of that last support.

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Post #12,671
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Apr 10, 2018 4:05am Apr 10, 2018 4:05am

Arturke
Joined Dec 2011 | Status: Member | 327 Posts

GBPUSD +6.4
dragon inclination is good and price above 200ema and 233ema
bottoms higher and higher
volume start increasing just from 1.41500 key level and dragon.

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