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PVSRA Scalping with Cigarguy

  • #9,961
  • Jul 18, 2017 3:42pm Jul 18, 2017 3:42pm
Quoting eXCLuSiVe-
hey guys, i've noticed that your spreads are very small (0.3/0.4 while i have 1.1/1.5). The question is -"is it normal and i can trade successfully?".
Yours will most likely be a standard account...ie, spread and commission is all together in those spreads you pay to the broker.

An account where you pay commission separately will have lower spread. Sometimes 0 spread on pairs like EUR USD. But when you open a trade your account is charged commission at around 7$ a lot or maybe cheaper or dearer depending on broker you use...you will see this charge in open and closed trades of your platform under commission.

So you need to make a few ticks to cover the commission before your trade shows profit. Standard accounts are about the same sometimes..when spread is reasonable. Then the other types seem more attractive when spread is really low like .01 or 0.....it probably all averages out in the end.

Bit of random info if it helps.
  • #9,962
  • Jul 19, 2017 12:16am Jul 19, 2017 12:16am
Thanks Cigarguy for the thread. Am new to forex. Has been lurking for a while. PVSRA makes a lot of sense. Subscribed!
  • #9,963
  • Edited 5:52am Jul 19, 2017 5:16am | Edited 5:52am
UJ +5
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EU + 5.5
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  • #9,964
  • Jul 19, 2017 5:48am Jul 19, 2017 5:48am
UJ M1 -3 Explaination on chart

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  • #9,965
  • Jul 19, 2017 6:37am Jul 19, 2017 6:37am
GBPUSD short +5

 

  1. waited for proper setup for 1hr
  2. PA shows good zigzag movement
  3. break key level resistence with high voume bearish candle
  4. entered and out @ previous resistence

Attached Image (click to enlarge)
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  • #9,966
  • Jul 19, 2017 7:00am Jul 19, 2017 7:00am
EURUSD +4.4

Price was in a downtrend, after a red volume candle on M5 I took the trade, Take Profit was set just about above the 200 EMA on M15.. This trade took a while, but by watching M5 and M15 I kept faith in the trade.
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  • #9,967
  • Jul 19, 2017 7:01am Jul 19, 2017 7:01am
Quoting eric9
Thanks Cigarguy for the thread. Am new to forex. Has been lurking for a while. PVSRA makes a lot of sense. Subscribed!
eric9,

Welcome and enjoy your PVSRA journey.....

CG
Keep It Simple
  • #9,968
  • Jul 19, 2017 7:06am Jul 19, 2017 7:06am
Quoting Vape
UJ M1 -3 Explaination on chart {image}
Thanks Vape,

Losing trades often help more then winners....
Keep It Simple
  • #9,969
  • Jul 19, 2017 7:17am Jul 19, 2017 7:17am
Quoting simjo
GBPUSD short +5 waited for proper setup for 1hr PA shows good zigzag movement break key level resistence with high voume bearish candle entered and out @ previous resistence {image}
Use the Heiken Ashi indicator linked below it will auto size depending on your zoom level, it will make the candles clearer
Attached File(s)
File Type: mq4 Heiken_Ashi_AutoWidth.mq4   4 KB | 322 downloads
  • #9,970
  • Jul 19, 2017 7:59am Jul 19, 2017 7:59am
UJ M1 FIFO scalp +19 (+3.7 avg. @ 5 lots) Nothing special just running with the bears high momentum....saw this late but OK for a few......
Attached Image (click to enlarge)
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Keep It Simple
  • #9,971
  • Jul 19, 2017 9:03am Jul 19, 2017 9:03am
EU + 3,8 pips

market seems to be kind of slow today, waited for breakout of short term uptrend on M1. M5 was showing general downtrend, 200 EMA as strong resistance. TP at previous low and above 10' lvl.
Attached Image(s) (click to enlarge)
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  • #9,972
  • Jul 19, 2017 9:03am Jul 19, 2017 9:03am
UsdCad +5/+6/+13

Trend short is very strong.
I see on M5 red candle with notable volume on break down of @25
When USDCAD was on @10, i ask when MM want to go and i see on H1 the yesterday low on 1.2580
I think that MM want go under yesterday low
So i wait red candle under dragon and i entered short
After i entered second time on Dragon
I put stop above 1.2610
Attached Image(s) (click to enlarge)
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  • #9,973
  • Jul 19, 2017 9:21am Jul 19, 2017 9:21am
Quoting PierRafa
UsdCad +5/+6/+13 Trend short is very strong. I see on M5 red candle with notable volume on break down of @25 When USDCAD was on @10, i ask when MM want to go and i see on H1 the yesterday low on 1.2580 I think that MM want go under yesterday low So i wait red candle under dragon and i entered short After i entered second time on Dragon I put stop above 1.2610 {image} {image}
PierRafa,

Welcome.....Nice charts and explanations....
Keep It Simple
  • #9,974
  • Jul 19, 2017 10:10am Jul 19, 2017 10:10am
UJ M1 +91 (+3.0 avg. @ 30 lots added with bearish momentum) See Chart trade was confirmed on M5 and dropped down to M1 for entry and trade management....
Attached Image (click to enlarge)
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Keep It Simple
  • #9,975
  • Jul 19, 2017 10:15am Jul 19, 2017 10:15am
Quoting cigarguy
UJ M1 +91 (+3.0 avg. @ 30 lots added with bearish momentum) See Chart trade was confirmed on M5 and dropped down to M1 for entry and trade management.... {image}
took exactly the same trade, unfortunately not with 30lots
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  • #9,976
  • Jul 19, 2017 10:19am Jul 19, 2017 10:19am
Quoting hamburger
{quote} took exactly the same trade, unfortunately not with 30lots {image}
hamburger,

Just my style to add with high momentum but not the norm anyway....Nice scalp and yours was a bit safer below the 50 ema you didn't get caught in that small retrace as I did......
Keep It Simple
  • #9,977
  • Jul 19, 2017 10:28am Jul 19, 2017 10:28am
USDJPY -0.1. Explanation on chart.

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  • #9,978
  • Jul 19, 2017 10:31am Jul 19, 2017 10:31am
EURGBP -10

I understand the correct direction, short
But i wrong the stop loss and i think that my entry isn'y accuracy
The correct entry is in the chart but i was at work and i not see it

p.s.Sorry for my bad english
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  • #9,979
  • Jul 19, 2017 10:32am Jul 19, 2017 10:32am
Quoting samskara
USDJPY -0.1. Explanation on chart. {image}
samskara,

BE is still OK capital preservation is the name of the game to play another day.....
Keep It Simple
  • #9,980
  • Jul 19, 2017 10:34am Jul 19, 2017 10:34am
AUDUSD +5. Explanation on chart.

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