thanks for all the the traders posting here, really helping me on my learning.I also noticed some people have "key levels" on their chart. How do I activate it?
CG
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PVSRA Scalping with Cigarguy
- #9,541
- Jun 23, 2017 7:20am Jun 23, 2017 7:20am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
- #9,543
- Jun 23, 2017 8:30am Jun 23, 2017 8:30am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Congrats Guys......Many nice scalps and + pips this week....
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- #9,546
- Jun 23, 2017 8:49am Jun 23, 2017 8:49am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Thanks got it working
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- #9,547
- Jun 23, 2017 8:51am Jun 23, 2017 8:51am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EU M1 +45 FIFO scalp added lots as the bulls ran and probably closed to fast but possible Friday profit taking/retrace so not greedy today......Nice way to end the week.....not much talent here just grabbing MM momentum.....
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- #9,548
- Jun 23, 2017 8:56am Jun 23, 2017 8:56am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EU M1 +4.8 Explaination on chart {image}
Nice as usual...looks familiar.....
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- #9,549
- Jun 23, 2017 9:23am Jun 23, 2017 9:23am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EU M1 +18 Entered from retrace to 50 ema and break of 1.11900 key level and again added with the bullish run with USD weakness vs EUR. I thought done for the week but this MM momentum was too good to pass up.......small pips but OK with descent lot size that's what scalping is about FIFO......
+63 for a Friday not too bad and now time for a cigar not going to over trade today and give it back........
Have a relaxing week end Guys and be ready for next week.....
Regards,
Cigarguy
+63 for a Friday not too bad and now time for a cigar not going to over trade today and give it back........
Have a relaxing week end Guys and be ready for next week.....
Regards,
Cigarguy
Keep It Simple
- #9,550
- Jun 23, 2017 9:48am Jun 23, 2017 9:48am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
USDCAD +7 News macroeconomic very long I wait a retrace on @75 level I see my favourit pattern red/green candle and green candle was a hammer I entered 81 long and i took my target, more than 5 pips because i see another green candle, engulfing candle very nice I took 7 pips But when i see that go fly in the sky.....30 pips....i'm not happy... Perhaps......... after i see engulfing, I had to widen my profits even more I know I should be happy to have applied the method and following all the rules, but when I see that fly long so strong, I can not...
Pips are pips my friend and you are fairly new to our PVSRA scalping method and it's all about capital preservation.....So you did good with no losses...
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- #9,551
- Edited 11:55am Jun 23, 2017 10:02am | Edited 11:55am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
PVSRA Scalpers...And those interested;
You be the judge if our key levels are often respected offering great entry and exit areas.......and I did not cherry pick this chart as may be observed and traded many times during any session......
This is why it is well worth a traders time to learn and study PVSRA scalping and understand how the market works and not trust lagging useless indicators. We want to trade with the smart money and follow the market makers momentum as we grab their shirt tails and go along for the ride. This is best accomplished by observing PA relative to key levels as S & R with nice volume/momentum....
I know personally, I do not want to trust lagging indicators ie., moving average crosses, EA's, black box auto systems and many others with my money. Many traders here offer excellent posted charts and explanations with the reasoning for their trades which shows their understanding of how MM's manipulate the market behind closed doors and IMO that is a must if trading our system or another.
Keep in mind, that we are basically trading a world wide unregulated market and knowledge is power so we need every possible edge to compete with MM's, banks and big money. Indicators are not the Holy Grail.....the trader is the Holy Grail armed with every bit of knowledge that can be gleamed from understanding Forex.
Just some food for thought over the week end....
Regards and Keep It Simple,
Cigarguy
You be the judge if our key levels are often respected offering great entry and exit areas.......and I did not cherry pick this chart as may be observed and traded many times during any session......
This is why it is well worth a traders time to learn and study PVSRA scalping and understand how the market works and not trust lagging useless indicators. We want to trade with the smart money and follow the market makers momentum as we grab their shirt tails and go along for the ride. This is best accomplished by observing PA relative to key levels as S & R with nice volume/momentum....
I know personally, I do not want to trust lagging indicators ie., moving average crosses, EA's, black box auto systems and many others with my money. Many traders here offer excellent posted charts and explanations with the reasoning for their trades which shows their understanding of how MM's manipulate the market behind closed doors and IMO that is a must if trading our system or another.
Keep in mind, that we are basically trading a world wide unregulated market and knowledge is power so we need every possible edge to compete with MM's, banks and big money. Indicators are not the Holy Grail.....the trader is the Holy Grail armed with every bit of knowledge that can be gleamed from understanding Forex.
Just some food for thought over the week end....
Regards and Keep It Simple,
Cigarguy
Keep It Simple
- #9,553
- Jun 23, 2017 12:39pm Jun 23, 2017 12:39pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
GBPJPY +5 i see on M5 double top on above @75 I see on M1 activity of MM above @75 Good sell when market retrace under @75 I wait a red candle after dragon and i entered sell @141.60 I put stop above 71, last high after long red candle i took my target 5 pips {image} {image}
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- #9,555
- Jun 23, 2017 12:54pm Jun 23, 2017 12:54pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Thanks for the support
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I didn't take a trade yesterday until nearly LC.
EJ SELL AVG. +1.1 PIPS
- Overall trend was UP on M15 & M5.
- On M1, a dobule-top formed at 124.700, PA began going downwards.
- Two red candles broke dragon and 124.600, I entered after a retrace to dragon and break of last low.
- PA just went around the entry, I decided to close it at A, but the 'Close Profit' button of OrderOnChart EA didn't work, which happened a few times before.
- PA went up and almost hit SL at B. I eventually closed it with small profit after a long time.
This trade lasted more than 1 hour, and I was lucky.
I think it's not a good idea to trade at this time, Friday & near LC.
Any comments welcomed.
EJ SELL AVG. +1.1 PIPS
- Overall trend was UP on M15 & M5.
- On M1, a dobule-top formed at 124.700, PA began going downwards.
- Two red candles broke dragon and 124.600, I entered after a retrace to dragon and break of last low.
- PA just went around the entry, I decided to close it at A, but the 'Close Profit' button of OrderOnChart EA didn't work, which happened a few times before.
- PA went up and almost hit SL at B. I eventually closed it with small profit after a long time.
This trade lasted more than 1 hour, and I was lucky.
I think it's not a good idea to trade at this time, Friday & near LC.
Any comments welcomed.
Hey Guys, hope you got a good Trading Week 
Ive noticed that some of you have an UP/Down Arrow on the Currency Strength Alert Indicator.
I searched in the Settings and cant find any Option to turn on the Arrows, maybe somebody could help me
Ive noticed that some of you have an UP/Down Arrow on the Currency Strength Alert Indicator.
I searched in the Settings and cant find any Option to turn on the Arrows, maybe somebody could help me
- #9,558
- Edited 9:17am Jun 24, 2017 9:06am | Edited 9:17am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
I didn't take a trade yesterday until nearly LC. EJ SELL AVG. +1.1 PIPS - Overall trend was UP on M15 & M5. - On M1, a dobule-top formed at 124.700, PA began going downwards. - Two red candles broke dragon and 124.600, I entered after a retrace to dragon and break of last low. - PA just went around the entry, I decided to close it at A, but the 'Close Profit' button of OrderOnChart EA didn't work, which happened a few times before. - PA went up and almost hit SL at B. I eventually closed it with small profit after a long time. This trade lasted...
I think it's not a good idea to trade at this time, Friday & near LC.
jayden.yuchi,
You got it.....Not only is it important to trade a session that is active with nice volume/momentum, but also the time of day that you trade within that session....Friday is when MM's and banks close positions prior to the week end hence, lots of retraces........
Regards,
Cigarguy
Keep It Simple
{quote}This trade lasted more than 1 hour, and I was lucky.
Thank you.
- #9,560
- Jun 24, 2017 9:55am Jun 24, 2017 9:55am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Yes, I learned this lesson, not to force myself to trade when there is not a good chance.
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