PVSRA Scalping with Cigarguy

Quoting robmagario

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USDCAD M1 +5PIPS SHORT This is what I call "The Last Breath of the Move". - First, I looked at M5. I saw that there was a huge bullish move that broke the 1.30000 key level, but after that PA went down. There was a series of lower tops with notable volume, indicating to me that the trend was bearish. - So, I imagined that we could eventually have PA reaching the 200EMA. So, I imagined that PA would go down even more eventually reaching the 200EMA. What would happen after that I didn't know. And I didn't care either. - So, I switched to M1. On M1,...

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Quoting cigarguy

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EU M1 +60 (+4 @ 15 lots added and ran with the bulls) This was a bumpy ride as MM's often build their longs just below a RN as they did @ 1.4000 building and waiting for the news to make their intended move. Had about a 7 pip DD but stayed the trade based on PVSRA letting MM's show the way as they can be so predictable at times ....... {image} {image}

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Quoting Ipodbob

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{quote} I was wondering after you place your first trade and it retraced how come you did not apply the second a little further down at a better price or do you try and just add on the breakout?

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Quoting ipc2007

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I'm begining and this is my first post USDJPY =After a green candle in M15 with big volume, I buy in M1 with target in the before M15 green candle top. 6.6 pips in 5 minutes. {image} {image}

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Quoting pvrsazyt

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E/U +3 this suffered abit of a draw down Note to self and if anyone agrees. Pvrsa scalping is an art. And setting a hard stop loss might in a way be detrimental to one's account For this instance i might have closed with a loss when price broke both dragon and ema upwards but i held on due to previous high vol double top and also noting that this was the asian session and many retraces tend to occur Any feedback from senior members are welcome! {image}

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Quoting cigarguy

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{quote} Low volume with no momentum to quickly run to your target...

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Quoting ipc2007

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USDCAD => 3.8 pips (I made some mistakes in this trade and I hope this was a big lesson) 1 => I didn't trade the pull back in EMA25 with target in the before top, near pivot point . 2 => When I put this trade, the price was very close the pivot point and the top before, and I belivied in a breakout (BIG BIG mistake). 3 => After the red candle near the pivot point, I should close the long and open a short trade (I think). If the trend line was broken, I'd close the trades. For my first day, was a big lesson. {image} {image}

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Quoting pvrsazyt

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U/J +2 Reasons for entering -green vol bar failed to break dragon upwards -price broke 200 ema but no notable vol so i waited - entered when price broke quarter lvl -Further confirmation to stay in trade when notable vol pin bar rejected quarter vol Done {image}

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