Scalping M5 with PVSRA / 10pips Daily

Hello Traders,

I will be posting my daily Trades here.

you are welcome to share your PVSRA trades here as well . / Credit goes to traderathom @ Tah an Amazing trader who developed such an amazing System ever, feel free to Read and understand the guide from the original Thread and also download the system here ---> : http://www.forexfactory.com/showthread.php?t=540706

For those who interested to learn more about scalping PVSRA please Visit this Threads --> http://www.forexfactory.com/showthread.php?t=575363 Credit goes to cigarguy amazing trader who share a lot of his trading skills, Feel free to follow him.


Why Do I scalp M5 / 10pips target Daily ?

--> Well I'm a working man , I work 9am to 5.30pm daily asian time +8 GMT and I only able to trade on NY session, I'm targeting 10pips daily reason why ? its because of " Less Stress " it will be when I'm trading as I already facing a lot of stressful moment in the office.
--> Short-term trade not more than 30min,
--> I only will trade once a day Win or Lose I will stop with 1 trade " Discipline " is a must , we still have our opportunity next day to hit the market.
--> With the right PRICE ACTION & MOMENTUM we can get 10pips easily ( support and resistance applied )

Timeframe :

M5

Target :

10 pips / daily - any personal daily target are welcome here as we need to have a target , without target we're nothing

Stop Loss :

10 - 15 pips depending on how much you willing to lose

Pair :

Any pair should be fine as long as you really understand the pair, for me I used to trade with USDJPY ( <3 this pair )

Trading Session :

Asian , London & NY ( any session should be fine as long as you know the market movement )

I include the indicator I use for my daily trading :

CM_Strength = To identify pair strength
Chart Button = For you to select the pair easier , with heatmap display on it ( Credit Goes to dingdong99 )
#Signal Bars 12 ff v1 nmc : Useful Indicator Feel free to download it from this threads here -- > http://www.forexfactory.com/showthread.php?t=409384 ( Credit Goes to cja )
ProbMeter_v1.1 = Useful indicator to identify the probability market movement ( Credit to FerruFx )
Sniper = EA to enter the trade ( editable lot , TP and also SL ) - ( Credit goes to poruchik)

Some great trading been made from my Friends here : --> http://www.forexfactory.com/showthread.php?t=550973 ( Pips for the day - Threads )


Good Luck with your Trading ! , here is some of my trades last week .


-- 7 October 2016 Update --

Useful System please check out the my good friend Ghost Walker Thread : http://www.forexfactory.com/showthread.php?t=564227

there are days when you will fail to achieve your 10 pips target and your stop loss will get hit.

Well Sh*t Happens my friend , but with better understanding with the market movement you are able to identify whether the price is going against you or not and if it does going to the opposite direction from your order better to take anything the market give and leave , as I mentioned , right momentum and right price action , you will get 10pips easily , of course you will not get 100% profitable everytime , but atleast you are making a little profit at the end of the month , we focus on the PIPS result and not the money we earn , if we think more about the money , it will be more difficult for us to earn the profit

Nice job brother

Thanks Brother Hoved

One of my trade taken last week, nice fall TP +10

I don't want to change the wind direction , I will follow the wind direction

There's a good chance to scalp those 10 pips at a specific time of the day, each day: immediately after London open.

Yeah man you can make more than 10pips on london session , but I'm not able to trade during london open , here is the setup im been working on currently on UJ ,possibility of a sell setup but if it bounce , I will go for long.

UJ +10 , successful short trade today, amazing breakout , entered the order when the price break the 200ma , rising volume but no bullish follow through, Support become resistance , small DD when the price is looking for a momentum to break the support. I'm done for today ! I have reached my daily target

+15 on UJ , taking risk today , not recommended , 1 Lose -15 and 3 win + 30

nice fall on UJ , targeting 5pips , could get more if I'm confident , late entry managed to get the 2nd entry , +20 at the moment , I have reached more than my daily target .

+10 on UJ , hard to win but pay off , M5 signal , M1 for entry , wait for retracement and enter the order, Volume and price action always give clue , nice movement always start with price looking for momentum to break the support / resistance. I'm done for today

+10 on UJ nice reversal when the price touch resistance on the M5 with rising volume but no bullish momentum follow through , M1 showing a notable volume

+9.5 pips today, nice price rejection from the dragon on the M1 with notable volume and bearish momentum follow through. on the M5 rising red volume with bearish momentum follow through, the price break through the 200ma, good opportunity to short the UJ , nice we can enjoy the weekend

UJ + 20 , recovered my loses yesterday , Entered the order a bit early I almost get cut but the price managed to get on my TP

Oswell Nice one .. good to see your still scalping ..

Hi Dean how are you ? I have been away from FF for few weeks, busy with day job, planning to work in Australia this October .