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PVSRA Scalping with Cigarguy

  • #9,861
  • Jul 11, 2017 9:20am Jul 11, 2017 9:20am
I been watching with interest for a while and the system is not a bad strategy at all.

I do have one suggestion and that is to add Trader Dantes ATR indi. It's a daily 20 and only visible on 1h or less.

Great for scalping the swing failure/mean reversion play.

Example of today's bounce of the upper and lower limits on WTI:

Attached Image (click to enlarge)
Click to Enlarge Name: USOUSD_M5.png Size: 88 KB
Attached File(s)
File Type: ex4 a_ATR_lines.ex4   10 KB | 506 downloads
Trade with confidence, trade without fear.
  • #9,862
  • Edited 9:43am Jul 11, 2017 9:32am | Edited 9:43am
Quoting Cryptosurf
I been watching with interest for a while and the system is not a bad strategy at all. I do have one suggestion and that is to add Trader Dantes ATR indi. It's a daily 20 and only visible on 1h or less. Great for scalping the swing failure/mean reversion play. Example of today's bounce of the upper and lower limits on WTI: {image} {file}
I used to have his ATR on my charts, but I found that the levels were pretty much on or a few pips out of the RDH & RDL already on the PVSRA template. Although I dont know if I had the right settings. But I agree, can be helpful for us scalping.

Example. ALmost on RDH & RDL which are already on the PVSRA template.

Attached Image (click to enlarge)
Click to Enlarge Name: eu-ATR.png Size: 46 KB
  • #9,863
  • Jul 11, 2017 9:40am Jul 11, 2017 9:40am
Quoting Vape
{quote} I used to have his ATR on my charts, but I found that the levels were pretty much on or a few pips out of the RDH & RDL already on the PVSRA template. Although I dont know if I had the right settings. But I agree, can be helpful for us scalping.
Vape,

RDH and RDL work well for me and I noticed on his chart the PA high reversed at our half key level as well.....
Keep It Simple
  • #9,864
  • Jul 11, 2017 9:49am Jul 11, 2017 9:49am
Quoting Vape
{quote} I used to have his ATR on my charts, but I found that the levels were pretty much on or a few pips out of the RDH & RDL already on the PVSRA template. Although I dont know if I had the right settings. But I agree, can be helpful for us scalping. Example. ALmost on RDH & RDL which are already on the PVSRA template. {image}
Right, i see it now. Not sure why i didnt notice before.

Cheers!
Trade with confidence, trade without fear.
  • #9,865
  • Jul 11, 2017 9:52am Jul 11, 2017 9:52am
Quoting Cryptosurf
{quote} Right, i see it now. Not sure why i didnt notice before. Cheers!
Cryptsosurf,

Welcome and thanks for the heads up....
Keep It Simple
  • #9,866
  • Edited 10:39am Jul 11, 2017 10:07am | Edited 10:39am
See UJ chart comment relative to trade at post #9859.

Hope this is helpful to some......I have posted this many times prior but see we have many new members so again......
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Snapshot2017-07-11_08-02-28_USDJPYi_M30_.png Size: 61 KB
Click to Enlarge Name: The_Definitive_Guide_to_Scalping_Part1._body_Picture_4.png Size: 101 KB
Keep It Simple
  • #9,867
  • Jul 11, 2017 11:17am Jul 11, 2017 11:17am
UJ M1 +5 Explaination on chart

Attached Image (click to enlarge)
Click to Enlarge Name: UJ-M1-11-07-17.png Size: 57 KB
  • #9,868
  • Jul 11, 2017 11:20am Jul 11, 2017 11:20am
U/J +4

Price Broke whole number
Wait for retrace
Entered after candle with notable vol


(Almost similar to Vape HAHAHAH)
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m1-oanda-division7-2.png Size: 36 KB
  • #9,869
  • Jul 11, 2017 11:42am Jul 11, 2017 11:42am
EURJPY short +18.6 => Big bear Volume in resistance area in M15, target on the bottom of M15 bear candle.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY-M15.png Size: 41 KB
Click to Enlarge Name: EURJPY-M1.png Size: 39 KB
  • #9,870
  • Jul 11, 2017 11:52am Jul 11, 2017 11:52am
Quoting ipc2007
EURJPY short +18.6 => Big bear Volume in resistance area in M15, target on the bottom of M15 bear candle. {image} {image}
Hi IPC

A better entry would be at that candle which broke out of dragon.

My two cents.
  • #9,871
  • Jul 11, 2017 11:59am Jul 11, 2017 11:59am
Quoting pvrsazyt
{quote} Hi IPC A better entry would be at that candle which broke out of dragon. My two cents.
I thought the price would not break EMA200.
  • #9,872
  • Jul 11, 2017 12:13pm Jul 11, 2017 12:13pm
Quoting pvrsazyt
{quote} Hi IPC A better entry would be at that candle which broke out of dragon. My two cents.
Hi man, I think I understood wrong, you sould be talking about the first red candle that broke the dragon, above the EMA200. I feel more confortable enter after big volumes in M15 and near EMA 200. I'm begginer yet.
  • #9,873
  • Jul 11, 2017 2:32pm Jul 11, 2017 2:32pm
Just out of interest to anyone who feels comfortable sharing how long did it take you / anyone to become profitable consistently? I am still not consistent but I am relatively novice still I believe maybe 3 months on PVSRA
  • #9,874
  • Jul 11, 2017 5:15pm Jul 11, 2017 5:15pm
Quoting Ipodbob
Just out of interest to anyone who feels comfortable sharing how long did it take you / anyone to become profitable consistently? I am still not consistent but I am relatively novice still I believe maybe 3 months on PVSRA
I will share 1tip that works for me.do not trade just watch & analyse for few days.you will tempted to trade but don't trade.eventualy everything comes perfect

This is how I managed to get me in control

Desipline is the key.wait for proper entry and proper breakout
  • #9,875
  • Jul 11, 2017 5:56pm Jul 11, 2017 5:56pm
Quoting simjo
{quote} I will share 1tip that works for me.do not trade just watch & analyse for few days.you will tempted to trade but don't trade.eventualy everything comes perfect This is how I managed to get me in control Desipline is the key.wait for proper entry and proper breakout
Yes Sir....Good advice....
Keep It Simple
  • #9,876
  • Jul 11, 2017 9:00pm Jul 11, 2017 9:00pm
I didn't trade yesterday because the PA was somewhat choppy and I had no confidence, but you guys did a great job!

Today's trade, UJ SHORT +5.3

- Overall trends on M5 & M15 were bearish.
- On M1 chart, PA broke 113.700 lvl downwards with notable volume and retraced back to the dragon, breaking it upwards a little but without following through.
- When PA went below the dragon again and a purple candle appeared, I entered short.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2017-07-12_09-11-54_USDJPY_M5_.png Size: 86 KB
Click to Enlarge Name: 2017-07-12_09-11-10_USDJPY_M1_.png Size: 84 KB
  • #9,877
  • Jul 11, 2017 9:50pm Jul 11, 2017 9:50pm
Quoting jayden.yuchi
I didn't trade yesterday because the PA was somewhat choppy and I had no confidence, but you guys did a great job! Today's trade, UJ SHORT +5.3 - Overall trends on M5 & M15 were bearish. - On M1 chart, PA broke 113.700 lvl downwards with notable volume and retraced back to the dragon, breaking it upwards a little but without following through. - When PA went below the dragon again and a purple candle appeared, I entered short. {image}...
jayden.yuchi,

Nice trade and explanation.......I admire your control and patience..

That has always been a work in progress for me as a aggressive scalper...lol.....

I relate to the old platitude; "We Have Seen the Enemy, We Are The Enemy"

CG
Keep It Simple
  • #9,878
  • Jul 12, 2017 12:44am Jul 12, 2017 12:44am
Quoting cigarguy
{quote} jayden.yuchi, Nice trade and explanation.......I admire your control and patience.. That has always been a work in progress for me as a aggressive scalper...lol..... I relate to the old platitude; "We Have Seen the Enemy, We Are The Enemy" CG
Hi cigarguy
Is it really not advisable to trade during Asian hours due to retraces and low vol? I remember having a similar e/u trade (#post 9792) to jadenyuchi with almost similar notable vol but was unable to hit my 5 pips due to retracement. What's your take?
  • #9,879
  • Jul 12, 2017 1:08am Jul 12, 2017 1:08am
Quoting cigarguy
{quote} jayden.yuchi, Nice trade and explanation.......I admire your control and patience.. That has always been a work in progress for me as a aggressive scalper...lol..... I relate to the old platitude; "We Have Seen the Enemy, We Are The Enemy" CG
Thank you, sir. You're doing so well especially in your chart analysis.
I'm still trying to practice patience, particularly when I don't take a trade after a long time of chart viewing.
  • #9,880
  • Jul 12, 2017 1:25am Jul 12, 2017 1:25am
usd/jpy +6.7 3 orders as price was being pushed to half number on decreasing volume. Entered short on notable volume bars as mm pushed price to 113.50 then retraced it towards quarter number
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYproM1+6.7 close.png Size: 51 KB
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