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PVSRA Scalping with Cigarguy

  • #9,801
  • Jul 6, 2017 3:55pm Jul 6, 2017 3:55pm
Quoting Lorxu
{quote} Your point 3 is a bad thing that I learned not to do "Open a trade in the other direction when you think you are wrong" Just take your loss relax and find another setup.
You're right. The main trend still was a bullish. Would be one more mistake.
  • #9,802
  • Jul 6, 2017 4:07pm Jul 6, 2017 4:07pm
Quoting ipc2007
{quote} You're right. The main trend still was a bullish. Would be one more mistake.
If you think you are wrong, what save you of be wrong again?
  • #9,803
  • Jul 6, 2017 7:23pm Jul 6, 2017 7:23pm
UJ +4.3 TO
- High volume pushing the prices up and cross the DO at Tokio Open
- A level near but with that volume I knew that will be crossed too
- my SL was below DO
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  • #9,804
  • Jul 6, 2017 7:48pm Jul 6, 2017 7:48pm
Quoting Lorxu
UJ +4.3 TO - High volume pushing the prices up and cross the DO at Tokio Open - A level near but with that volume I knew that will be crossed too - my SL was below DO {image}
Nice scalp and explanation..
Keep It Simple
  • #9,805
  • Jul 6, 2017 8:36pm Jul 6, 2017 8:36pm
USDJPY +5 explanation on chart
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  • #9,806
  • Jul 6, 2017 9:04pm Jul 6, 2017 9:04pm
AUDJPY 7.5 PIPS

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True Grit!
  • #9,807
  • Edited Jul 7, 2017 7:24am Jul 6, 2017 9:11pm | Edited Jul 7, 2017 7:24am
Quoting hards
AUDJPY 7.5 PIPS {image}
Excellent....nice PVSRA beginning...
Keep It Simple
  • #9,808
  • Jul 6, 2017 9:37pm Jul 6, 2017 9:37pm
usdcad long

PA above dragon and 200ema, all pointing up, EP upon bull bar with notable volume and target prior high visible on 5M, EA closing pips banked.
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  • #9,809
  • Jul 6, 2017 10:26pm Jul 6, 2017 10:26pm
usdjpy short

CT not PVSRA, 1st of all this is not a well executed trade and clear mistakes to avoid (problem patience) in hindsight EP should have been made after PA moved out of rising TL and after bear bar with notable volume appeared (vertical line), from there on price has been under falling TL all the way down for easy picking.....though pips banked but fighting the market half-way was much trying....some EA closing many manual closing....
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  • #9,810
  • Jul 6, 2017 10:39pm Jul 6, 2017 10:39pm
usdcad long

Coming for 2nds on this pair, EP a bit early, added more, would've been better to wait a little, EA and manual closing pips banked.
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  • #9,811
  • Jul 6, 2017 11:00pm Jul 6, 2017 11:00pm
eurusd short

PA under dragon and 200ema all pointing down, EP under dragon anticipating the 2nd shoe to drop, some little noises but no big bang, stop=5 pips above, neither 5 step up to sl line nor 5 step down to tp, with one shoe on it seemed no intention to dance so time to kiss it goodby, manual closing pips spent, cost=2....

NFP night--happy trading all and green pips

Have a great weekend..........
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  • #9,812
  • Jul 6, 2017 11:39pm Jul 6, 2017 11:39pm
Quoting pipiphooray
usdjpy short CT not PVSRA, 1st of all this is not a well executed trade and clear mistakes to avoid (problem patience) in hindsight EP should have been made after PA moved out of rising TL and after bear bar with notable volume appeared (vertical line), from there on price has been under falling TL all the way down for easy picking.....though pips banked but fighting the market half-way was much trying....some EA closing many manual closing.... {image}
Could you do that with a real account with a very high lot? Play like you have much to lose or you will not know what to do when you get there
  • #9,813
  • Jul 7, 2017 4:46am Jul 7, 2017 4:46am
Quoting cigarguy
{quote} I was concerned with PA at this RDH level and 1.4000 key level as possible resistance and waited for the break for each entry. If I read your question correctly.....Also news was pending so I wanted to see if the MM's would make their bullish run as they appeared to be building for my last entry with their momentum....... As I stated on my chart, this was actually a risky scalp at this RDH level and 1.4000 key level as near resistance but other PVSRA factors were considered watching institutions ranging for a possible bullish...
Thanks for answering CG, I find your charts the most educational! I think it will take some time before I understand the MM enough to be consistent.
  • #9,814
  • Jul 7, 2017 5:02am Jul 7, 2017 5:02am
GU M1 +5 Explaination on chart

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  • #9,815
  • Jul 7, 2017 6:14am Jul 7, 2017 6:14am
GBPUSD +3. Explanation on chart.

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  • #9,816
  • Jul 7, 2017 6:14am Jul 7, 2017 6:14am
Quoting Lorxu
{quote} Could you do that with a real account with a very high lot? Play like you have much to lose or you will not know what to do when you get there
If you practice good Money management it should not matter. A large lot size may be a lot of money, but if risking a predefined amount (either % or money), prior to placing each trade, it should not be 'much to lose'.
  • #9,817
  • Jul 7, 2017 6:15am Jul 7, 2017 6:15am
Quoting samskara
GBPUSD +3. Explanation on chart.
Snap!
GU M1 +5 Explaination on chart

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  • #9,818
  • Jul 7, 2017 6:19am Jul 7, 2017 6:19am
Quoting Vape
{quote} Snap! GU M1 +5 Explaination on chart {image}
I've been studying your charts too much!
  • #9,819
  • Jul 7, 2017 6:29am Jul 7, 2017 6:29am
Quoting samskara
{quote} I've been studying your charts too much!

Its an obvious entry. Pull back to dragon and key level, in line with current trend and momentum. Good PA on M5 & M15. Entry confirmed with volume. Even had new hour candle momentum. Pretty much everything cigarguy has taught us!
  • #9,820
  • Jul 7, 2017 7:13am Jul 7, 2017 7:13am
Quoting Lorxu
{quote} If you think you are wrong, what save you of be wrong again?
Nothing, I have to practice more.
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