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PVSRA Scalping with Cigarguy

  • #10,121
  • Jul 26, 2017 10:48pm Jul 26, 2017 10:48pm
Quoting robmagario
EURUSD M1 +5PIPS SHORT CT TRADE Reasons - CT trade on this pair following the PVSRA text book. It was a very easy trade. - 3 consecutive huge green candles driving PA all the way 1.77500 key level - the last green candle was huge with notable volume closing just a bit above the key level, which means that MMs were going to make a correction after that - So, I entered bearish right after that. Got my target and exited very easily! {image}
Excellent...You caught the CT profit taking prior to a possible retrace...
Keep It Simple
  • #10,122
  • Jul 26, 2017 10:57pm Jul 26, 2017 10:57pm
I've edited the previous screen shot, is that proper now? You can see my entry levels.
  • #10,123
  • Jul 26, 2017 11:02pm Jul 26, 2017 11:02pm
Quoting GJGangsta
{image} quick pip and dip +5 pips on 1.25 lots total, loving the system, cigarguy. Double red lines are an algorithm indicator for figuring where price may reverse or take off from. Sold due to: JPY strength, currency meters are severely underrated. Price below 200 and 233 EMA price crossing below dragon with notable volume
The 233EMA makes a lot of sense when I look at your chart.
In this chart, we can see that PA tries to break the 233EMA and fails very beautifully.
Rob
  • #10,124
  • Jul 26, 2017 11:31pm Jul 26, 2017 11:31pm
EJ M1 +18 (+ 4.4 avg 5 lots and added 5 with bullish momentum although the usual AS low volume after the run up ) See chart and closed quickly at the DO level as possible resistance with 61.8 fibs also near expecting a retrace below DO...
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2017-07-26_21-28-48_EURJPYi_M1_.png Size: 61 KB
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  • #10,125
  • Jul 26, 2017 11:35pm Jul 26, 2017 11:35pm
Quoting GJGangsta
I've edited the previous screen shot, is that proper now? You can see my entry levels.
Much better and you can still deactivate those blue entry lines if you wish....
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  • #10,126
  • Jul 26, 2017 11:49pm Jul 26, 2017 11:49pm
A additional 200 & 233 ema observation;

Somewhat similar to Daryl Guppy's GMA MA trading system, it appears a nice down trend is in place when the 233 is above the 200 and just the reverse with a uptrend. The wider the spread between the two ema's the stronger the trend and when they begin to come together with a confluence a change in trend is signaled and a break out trade may be possible and require stalking.

Nothing conclusive but only a limited observation....

Cigarguy
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  • #10,127
  • Edited 2:23am Jul 27, 2017 1:27am | Edited 2:23am
EU +5.1
Attached Image (click to enlarge)
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  • #10,128
  • Jul 27, 2017 1:38am Jul 27, 2017 1:38am
EurJpy M1 Price broke 200 MA , dragon and trendline with notable bullish volume.8 pips FIFO trade.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM1b.png Size: 58 KB
  • #10,129
  • Jul 27, 2017 3:20am Jul 27, 2017 3:20am
UJ M1 +5.5 Explaination on chart

Attached Image (click to enlarge)
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  • #10,130
  • Jul 27, 2017 5:01am Jul 27, 2017 5:01am
UJ M1 +8 Explaination on chart

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  • #10,131
  • Jul 27, 2017 5:36am Jul 27, 2017 5:36am
EU M1 +5 Explaination on chart

Attached Image (click to enlarge)
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  • #10,132
  • Jul 27, 2017 5:55am Jul 27, 2017 5:55am
EURJPY +3 SHORT
Attached Image (click to enlarge)
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  • #10,133
  • Jul 27, 2017 6:49am Jul 27, 2017 6:49am
EU M1 +8 explaination on chart

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  • #10,134
  • Jul 27, 2017 7:12am Jul 27, 2017 7:12am
EU short +5.8

- M5 trend was bearish, and M15 bullish trend began to change direction.
- On M1, PA tried to break 200 EMA with notable volume, but failed, forming LH.
- PA went down and broke previous low and 100 key lvl with notable volume.
- PA retraced to the dragon with relatively big volume but failed to break it, so I entered short.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 90 KB
  • #10,135
  • Jul 27, 2017 8:10am Jul 27, 2017 8:10am
Good morning Guys & Gals.....some nice + pips made as usual..
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  • #10,136
  • Jul 27, 2017 10:42am Jul 27, 2017 10:42am
EU M1 +116 ( +5.6 @ 5 lots & added with bearish momentum to 20 lots) See chart and key word being MOMENTUM.....
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2017-07-27_08-36-56_EURUSDi_M1_.png Size: 62 KB
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  • #10,137
  • Jul 27, 2017 11:30am Jul 27, 2017 11:30am
Quoting cigarguy
EU M1 +116 ( +5.6 @ 5 lots & added with bearish momentum to 20 lots) See chart and key word being MOMENTUM..... {image}
That sir is a very nice trade....thanks for a great chart!
True Grit!
  • #10,138
  • Jul 27, 2017 11:40am Jul 27, 2017 11:40am
Quoting cigarguy
EU M1 +116 ( +5.6 @ 5 lots & added with bearish momentum to 20 lots) See chart and key word being MOMENTUM..... {image}
Hey Cigarguy,

Are you trading Tradersway live?

Here is a comparison of my Tradersway demo to your Tradersway live.

Attached Image


What is up with that I wonder
True Grit!
  • #10,139
  • Jul 27, 2017 11:49am Jul 27, 2017 11:49am
Quoting hards
{quote} Hey Cigarguy, Are you trading Tradersway live? Here is a comparison of my Tradersway demo to your Tradersway live. {image} What is up with that I wonder
hards,

Yes I trade with TW live as I am an IB and have for years. I am not a fan of demo accounts, unless they are used for testing purposes. I personally believe they instill bad habits due to often reckless trades absent real money at stake.

IMO each trader should trade with real money no matter how small to feel the pressure....

We cannot discuss more about brokers here but if you have additional questions, a PM will work...

A different demo server;
Here is a comparison of my Tradersway demo to your Tradersway live.

Cigarguy
Keep It Simple
  • #10,140
  • Jul 27, 2017 11:56am Jul 27, 2017 11:56am
Quoting hards
{quote} That sir is a very nice trade....thanks for a great chart!
Thanks.....I kinda of like it myself, especially the + Pips.....lol.....
Keep It Simple
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