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PVSRA Scalping with Cigarguy

  • #9,661
  • Jun 28, 2017 10:34am Jun 28, 2017 10:34am
Rob,

Please check your PM's.
CG
Keep It Simple
  • #9,662
  • Jun 28, 2017 11:26am Jun 28, 2017 11:26am
GbpUsd M1 Price broke 1.29300 resistance level with notable bullish volume.3 pips FIFO trade.
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  • #9,663
  • Jun 28, 2017 3:12pm Jun 28, 2017 3:12pm
Hi Cigarguy,

First post here. I've been reading my way through your excellent thread, practicing and slowly getting better at the method. With 480+ pages its taking me some time but worth the effort. I have a quick question - your RDH/RDL appear to be different levels to what are appearing on my PVSRA charts. I have the default setting of 15 for the RDH/RDL, would you mind telling me what yours are set to in the Access panel indy and why you use those settings? Your RWH/RWL levels and mine appear to be the same.

Once I get a bit more proficient at this method I'll post some charts of my trades. I'm still getting too many losses even though I keep these small by getting out quickly. I have a habbit of entering too late which I need to break.

BTW hope all goes well with your upcoming medical operation.

Many thanks
Nelson
  • #9,664
  • Jun 28, 2017 3:46pm Jun 28, 2017 3:46pm
Quoting Nelson35a
Hi Cigarguy, First post here. I've been reading my way through your excellent thread, practicing and slowly getting better at the method. With 480+ pages its taking me some time but worth the effort. I have a quick question - your RDH/RDL appear to be different levels to what are appearing on my PVSRA charts. I have the default setting of 15 for the RDH/RDL, would you mind telling me what yours are set to in the Access panel indy and why you use those settings? Your RWH/RWL levels and mine appear to be the same. Once I get a bit more proficient...
Nelson35a,

Welcome....I am on my cell at the moment but all of my PVSRA indicators are set at their default settings.

If you have additional questions with set up issues, I am sure others here will help. Looking forward to your future PVSRA posted charts and explanations....

Cigarguy
Keep It Simple
  • #9,665
  • Jun 28, 2017 4:11pm Jun 28, 2017 4:11pm
Quoting cigarguy
{quote} Nelson35a, Welcome....I am on my cell at the moment but all of my PVSRA indicators are set at their default settings. If you have additional questions with set up issues, I am sure others here will help. Looking forward to your future PVSRA posted charts and explanations.... Cigarguy
Hi Cigarguy,

Thanks for your reply. That's strange. It was on an EU M1 chart you posted (post #9653) that I noticed the difference. The candle formations on your chart and mine looked the same just different RDH/RDL levels. I'll keep an eye on the daily levels on the charts other people post here and see if I spot any other differences with other pairs. I have the latest PVSRA template and indies from TAH all on default settings so not sure why.

Thanks
Nelson
  • #9,666
  • Edited 5:28pm Jun 28, 2017 4:49pm | Edited 5:28pm
Quoting Nelson35a
{quote} Hi Cigarguy, Thanks for your reply. That's strange. It was on an EU M1 chart you posted (post #9653) that I noticed the difference. The candle formations on your chart and mine looked the same just different RDH/RDL levels. I'll keep an eye on the daily levels on the charts other people post here and see if I spot any other differences with other pairs. I have the latest PVSRA template and indies from TAH all on default settings so not sure why. Thanks Nelson
Nelson35a,

I am still using the older version and don't concern myself much with those 2 but mainly the Key Levels for S & R as that is what I scalp.

If I have a chart with just the key levels, 50 & 200 emas indicating S & R levels and tick volume ( even though broker dependent) I can trade just as well.

Regards,
CG
Keep It Simple
  • #9,667
  • Jun 29, 2017 12:12am Jun 29, 2017 12:12am
Quoting cigarguy
{quote} Nelson35a, I am still using the older version and don't concern myself much with those 2 but mainly the Key Levels for S & R as that is what I scalp. If I have a chart with just the key levels, 50 & 200 emas indicating S & R levels and tick volume ( even though broker dependent) I can trade just as well. Regards, CG
OK thanks Cigarguy. I bear what you say in mind.
  • #9,668
  • Jun 29, 2017 12:33am Jun 29, 2017 12:33am
Good Morning,

GJ, M1, Long, +23,7

Maintrend long, break out at LO, waited for pullback to quarter level, TP > Full Level
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blessed is he, who can wait.
  • #9,669
  • Jun 29, 2017 12:38am Jun 29, 2017 12:38am
Quoting Nelson35a
{quote} Hi Cigarguy, Thanks for your reply. That's strange. It was on an EU M1 chart you posted (post #9653) that I noticed the difference. The candle formations on your chart and mine looked the same just different RDH/RDL levels. I'll keep an eye on the daily levels on the charts other people post here and see if I spot any other differences with other pairs. I have the latest PVSRA template and indies from TAH all on default settings so not sure why. Thanks Nelson
RDH/RDL should be dependent on your timezone.
  • #9,670
  • Jun 29, 2017 12:58am Jun 29, 2017 12:58am
EU M1 -5 Explaination on chart

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  • #9,671
  • Jun 29, 2017 1:17am Jun 29, 2017 1:17am
EURUSD Long +4 explanation on chart
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  • #9,672
  • Jun 29, 2017 3:17am Jun 29, 2017 3:17am
EURJPY M1 +2 trades , total of 8.3pips

- I had seen that on M5 PA broke the Dragon with a red candle and notable volume. Although it didn't break the key level, I thought there was enough room for PA to go to that key level again
- So, I switched to M1, waited for a retrace back to Dragon and entered after a red candle. PA started to go against me and went back to Dragon so I entered again
- Closed the trade when I reach the previous low area, winning 2.8pips on my first trade and 5.5 pips on my second trade.
Attached Image(s) (click to enlarge)
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  • #9,673
  • Jun 29, 2017 3:20am Jun 29, 2017 3:20am
Quoting the3mp
{quote} RDH/RDL should be dependent on your timezone.
Hi the3mp,

In the PVSRA user notes from TAH it says that there are 2 conditions that determine the position of the lines:

1. Condition #1 - the Day/Week range has not exceeded the average range.
* RDH/RWH line is the average range above the session Low.
* RDL/RWL line is the average range below the session high.
* The lines will move as new highs/lows are achieved during the session.
* Shows extent price can move before exceeding average range.
2. Condition #2 - the Day/Week range exceeds the average range.
* The range lines lock into place showing range breakout.

So I'm not sure why mine were different to CG's. I think i'll just concentrate on the main whole/half/quarter levels and EMAs as CG said.

Thanks anyway.
  • #9,674
  • Jun 29, 2017 3:48am Jun 29, 2017 3:48am
Quoting Nelson35a
{quote} Hi the3mp, In the PVSRA user notes from TAH it says that there are 2 conditions that determine the position of the lines: 1. Condition #1 - the Day/Week range has not exceeded the average range. * RDH/RWH line is the average range above the session Low. * RDL/RWL line is the average range below the session high. * The lines will move as new highs/lows are achieved during the session. * Shows extent price can move before exceeding average range. 2. Condition #2 - the Day/Week range exceeds the average range. * The range lines lock into place...
If you check the object, there is a parameter that is a time. Hence if your broker/account has a different time, the line will be at another level.
  • #9,675
  • Jun 29, 2017 3:52am Jun 29, 2017 3:52am
EU M1 +7 Explaination on chart

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  • #9,676
  • Jun 29, 2017 4:15am Jun 29, 2017 4:15am
EU M1 +4 Explaination on chart

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  • #9,677
  • Jun 29, 2017 4:15am Jun 29, 2017 4:15am
CADJPY M1 +5PIPS LONG

- A green candle with notable volume broke the 86.500 key level for the second time.
- I waited for a retrace back to Dragon and entered
Got my target and exited!
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  • #9,678
  • Jun 29, 2017 4:27am Jun 29, 2017 4:27am
USDJPY +4.8. Explanation on chart.

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  • #9,679
  • Jun 29, 2017 4:31am Jun 29, 2017 4:31am
GBPUSD long +5
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  • #9,680
  • Jun 29, 2017 4:34am Jun 29, 2017 4:34am
Quoting samskara
USDJPY +4.8. Explanation on chart. {image}
The kind of trade that I love. Well done!
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