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PVSRA Scalping with Cigarguy

  • #10,081
  • Jul 25, 2017 10:11pm Jul 25, 2017 10:11pm
USDJPY M1 0PIPS SHORT

- A big red candle failed to break the 200EMA and PA went down after that
- There was a retrace and another red candle came along. It failed to break the 200EMA again so I entered there
- After a pushdown, PA started to retrace and go against me
- I closed it with 0 profit
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  • #10,082
  • Jul 25, 2017 10:17pm Jul 25, 2017 10:17pm
Quoting robmagario
USDJPY M1 0PIPS SHORT - A big red candle failed to break the 200EMA and PA went down after that - There was a retrace and another red candle came along. It failed to break the 200EMA again so I entered there - After a pushdown, PA started to retrace and go against me - I closed it with 0 profit {image}
rob,

Yep....the usual Asia session retraces as banks and institutions play their sneaky games trading among themselves and grabbing the retail traders hard earned money..
Keep It Simple
  • #10,083
  • Jul 25, 2017 10:23pm Jul 25, 2017 10:23pm
Time for a break and cigar as hard work today I'm keeping my +137 to play another day...
Keep It Simple
  • #10,084
  • Edited 10:59pm Jul 25, 2017 10:37pm | Edited 10:59pm
Oh forgot to mention, that additional moving average on my PVSRA chart (previous posted trade) is the 233 simple MA that is used by institutions and appears to work well as S & R when close to our 200 ema (also indicating a sideways ranging mkt) I'm not a big fan of indicators, but spoke with a retired institutional trader who advised to give it a try, so no harm to give it a demo.

The above is not from my experience but info that was passed on to me by a trader so we shall see

Just a heads up for any traders wanting to give it a try and post opinions if it helps or just additional not needed clutter.

CG
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Keep It Simple
  • #10,085
  • Jul 25, 2017 11:06pm Jul 25, 2017 11:06pm
USDJPY M1 -10PIPS LONG

I am not really sure what I did wrong here.
- 2 consecutive big green candles had already broken the Dragon and the 200EMA and the previous high
- Dragon's inclination was good
- Overall trend in M15 was bullish
- So, I waited for a retrace back to the 25wgt and entered, PA started to go against me, and I entered again when it retraced back to Dragon
- I was expecting that PA would go all the way up to 112.000
But instead it went all the way down and I closed both trades with a total loss of 10 pips.
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  • #10,086
  • Jul 25, 2017 11:08pm Jul 25, 2017 11:08pm
I will stop trading now and come back after London opens.
See you guys soon!
  • #10,087
  • Jul 25, 2017 11:12pm Jul 25, 2017 11:12pm
Quoting robmagario
USDJPY M1 -10PIPS LONG I am not really sure what I did wrong here. - 2 consecutive big green candles had already broken the Dragon and the 200EMA and the previous high - Dragon's inclination was good - Overall trend in M15 was bullish - So, I waited for a retrace back to the 25wgt and entered, PA started to go against me, and I entered again when it retraced back to Dragon - I was expecting that PA would go all the way up to 112.000 But instead it went all the way down and I closed both trades with a total loss of 10 pips. {image}
rob,

I know you were waiting for the break of the 200 ema for entry, but a little late and the AS retraces got you....It's always a tough session even with a perfect entry.....
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Keep It Simple
  • #10,088
  • Jul 25, 2017 11:36pm Jul 25, 2017 11:36pm
Quoting cigarguy
{quote} rob, I know you were waiting for the break of the 200 ema for entry, but a little late and the AS retraces got you....It's always a tough session even with a perfect entry..... {image}
Cigarguy, Yeah, I should concentrate on my daily work and not trade the Asian session much!
Lesson learned
  • #10,089
  • Jul 25, 2017 11:38pm Jul 25, 2017 11:38pm
Quoting robmagario
{quote} Cigarguy, Yeah, I should concentrate on my daily work and not trade the Asian session much! Lesson learned
Salsa time Brother....lol......
Keep It Simple
  • #10,090
  • Jul 26, 2017 1:45am Jul 26, 2017 1:45am
Yesterday

USDCAD +7
Top on @25 level and was double top with yesterday
After i see lateral range between 1.2515/1.2520
After break down and i entered sell after 4 red candle with notable volume and exit near 00 level
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  • #10,091
  • Jul 26, 2017 1:52am Jul 26, 2017 1:52am
Yesterday

USDCAD +4

After break down 00 level, pull back on moving average and i see very nice red candle with notable volume that broke down 00 level
The right level to entry was 99, but i was working and i see it on 95. Entered 95 and take 4 pips
Otherwise was trade about 9 pips
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  • #10,092
  • Jul 26, 2017 2:00am Jul 26, 2017 2:00am
Yesterday

GBPUSD +8 +4
EURUSD 0 +6 +13

EURUSD was in trend up very strong
I entered long after green candle with notable volume that break up 1.1700 level
I had 7 pips gain but i don't close because i think that go up very quickly
But suddenly go down very very fast and break 00 with red candle with notable volume
I understand that break of 1.1700 was top hunting, trend up was false and MM want go down
I close BE trade long and i entered sell with 2 entry, close +6 and +13

When i see this short, gbpusd red candle with notable volume under dragon and i entered sell also on gbpusd and take +8
When arrive on ema support, isee my favourite pattern with red/green consecutiv candle and volume green was higher, entered long and take +4

I enjoy very lot with these trades
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  • #10,093
  • Jul 26, 2017 3:45am Jul 26, 2017 3:45am
E/U +2

Closed early as price retraced from 25 lvl.

Based on experience it should have broke past .25 quickly due to break of previous 25 lvl in addition a break of trend line
but oh well

Today's l/o

whats going on?!
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  • #10,094
  • Jul 26, 2017 4:33am Jul 26, 2017 4:33am
GU M1 +4.7 Explaination on chart

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  • #10,095
  • Jul 26, 2017 4:48am Jul 26, 2017 4:48am
GbpUsd M1 Price broke 1.30200 level with notable bullish volume.9 pips FIFO trade.
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  • #10,096
  • Jul 26, 2017 5:14am Jul 26, 2017 5:14am
Usually I miss the big moves but not today

CHFJPY +15.44
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  • #10,097
  • Jul 26, 2017 5:36am Jul 26, 2017 5:36am
Quoting cigarguy
Oh forgot to mention, that additional moving average on my PVSRA chart (previous posted trade) is the 233 simple MA that is used by institutions and appears to work well as S & R when close to our 200 ema (also indicating a sideways ranging mkt) I'm not a big fan of indicators, but spoke with a retired institutional trader who advised to give it a try, so no harm to give it a demo. The above is not from my experience but info that was passed on to me by a trader so we shall see Just a heads up for any traders wanting to give it a...
Bingo, you've spotted a very useful EMA that I used from 7 years!! As you have seen in my posted charts, I often I have mentioned the 233 EMA. This EMA is VERY important and works in all time frames; is better than the 200. More the TF is high and more the price react; very good points for scalping in agreement with PVSRA.
This is why in my charts I have a my indicator with the 233/200 levels at high TF displayed in low TF.

Early I will post this indicator.
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Trade What's Happening... Not What You Think Is Gonna Happen
  • #10,098
  • Jul 26, 2017 6:17am Jul 26, 2017 6:17am
A fresh sample of powerful EMA 233 (D1) in this case +12 of bounce CT
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Trade What's Happening... Not What You Think Is Gonna Happen
  • #10,099
  • Edited 6:45am Jul 26, 2017 6:23am | Edited 6:45am
Quoting ToddyS2K
{quote} Bingo, you've spotted a very useful EMA that I used from 7 years!! As you have seen in my posted charts, I often I have mentioned the 233 EMA. This EMA is VERY important and works in all time frames; is better than the 200. More the TF is high and more the price react; very good points for scalping in agreement with PVSRA. This is why in my charts I have a my indicator with the 233/200 levels at high TF displayed in low TF. Early I will post this indicator. {image}
ToddyS2K,

Good to hear and thanks for your input based on experience....
Keep It Simple
  • #10,100
  • Jul 26, 2017 6:33am Jul 26, 2017 6:33am
GU M1 +5 Explaination on chart

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