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PVSRA Scalping with Cigarguy

  • #10,261
  • Aug 1, 2017 8:51pm Aug 1, 2017 8:51pm
USDJPY M1 total +4.5 pips

After two consecutive green candles that broke the 110.500 key level and price retraced back to Dragon, I entered my 1st
trade, which at that time I thought it was too late.

After that, PA showed a red candle that retraced back to the key level and stopped there. So, I entered again.
I closed both trades when I got a green candle that made double shoulders with the previous high.
1.5 pips for the 1st trade and 3 pips for the second one.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m1-ftt-sweden-ab.png Size: 87 KB
  • #10,262
  • Aug 1, 2017 9:16pm Aug 1, 2017 9:16pm
Quoting hards
{quote} Nice trade Gangsta! Would you please share the name of the Trade manager showing on your chart so I can search for it in the thread? Than ks a lot.
It's called order on chart EA

https://www.forexfactory.com/showthr...16#post9149616
  • #10,263
  • Aug 1, 2017 9:38pm Aug 1, 2017 9:38pm
Quoting Ipodbob
{quote} It's called order on chart EA https://www.forexfactory.com/showthr...16#post9149616
Thank you Ipodbob.
True Grit!
  • #10,264
  • Aug 2, 2017 3:25am Aug 2, 2017 3:25am
EJ +8
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  • #10,265
  • Aug 2, 2017 8:11am Aug 2, 2017 8:11am
EJ long +1.2

- The downtrend on M1 previous to the EP was actually a retrace on M5 & M15.
- PA broke dragon, 200EMA and 131.000 lvl downwards, but without following through.
- PA then came up again and broke previous high with momentum, so I entered long.
- PA stalled for a short while. I swiched to UJ chart and found it seemed to be forming a double top, so I was kind of scared and exited the trade manually, but after that, PA spiked a lot ...
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-08-02_20-41-46_EURJPY_M1_.png Size: 74 KB
  • #10,266
  • Aug 2, 2017 9:19am Aug 2, 2017 9:19am
EU M1 +11 Explaination on chart

Attached Image (click to enlarge)
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  • #10,267
  • Edited 11:18am Aug 2, 2017 9:58am | Edited 11:18am
A/J +5

Price broke structure look left

Entered on retrace with pinbar as confirmation
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy-m1-oanda-division7.png Size: 42 KB
  • #10,268
  • Aug 2, 2017 10:03am Aug 2, 2017 10:03am
EU M1 +8.5 Explaination on chart

Attached Image (click to enlarge)
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  • #10,269
  • Aug 2, 2017 10:22am Aug 2, 2017 10:22am
UJ short +5.2

- On M5 & M15, previous uptrend seemed to have been broken, for PA had broke their 200EMAs downwards a lot with notable volume.
- On M1, downtrend was very nice. PA broke half lvl with notable volume and retraced a bit, forming a support at 76% fib.
- A red candle broke this support, so I entered short with TP just above DO.
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-08-02_23-11-57_USDJPY_M1_.png Size: 64 KB
  • #10,270
  • Aug 2, 2017 6:30pm Aug 2, 2017 6:30pm
Welcome back CigarGuy, hope the procedure went well!

Can anyone explain to me the triad correlation with EUR/USD USD/JPY EUR/JPY?

From what I've seen price seems to follow the JPY. I'm trying to figure out how they correlate and I keep changing my outlook on them in regards to what they mean for EJ.

Best,
G.
  • #10,271
  • Edited Aug 3, 2017 12:41am Aug 2, 2017 6:44pm | Edited Aug 3, 2017 12:41am
Pre-Tokyo Open small scale scalp +1.8 on a little move during the slow time. Entered on Hi Vol Bull candle breaking out. Exit was too early. I'm trying to get the ribbon to show that has the lot size. Will read through thread as I'm sure the answer is in here.

Best wishes to CigarGuy on his return.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1 8-2-17 Pre-TO trade.png Size: 100 KB
  • #10,272
  • Aug 2, 2017 8:20pm Aug 2, 2017 8:20pm
Usd/Jpy sell into support for +3.5 pips. This is a 5 pip trade for anyone with good spreads
Attached Image (click to enlarge)
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  • #10,273
  • Aug 2, 2017 9:44pm Aug 2, 2017 9:44pm
Aud/Usd +3.1 multi entries as looking for retrace in a downtrend day on this timeframe. Was not able to really get the feel for what the chart was telling me so exit at 3 pips as price was heading into resistance zone
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDproM1+3.1 close.png Size: 48 KB
  • #10,274
  • Aug 2, 2017 9:45pm Aug 2, 2017 9:45pm
Quoting gofishin
Aud/Usd +3.1 multi entries as looking for retrace in a downtrend day on this timeframe. Was not able to really get the feel for what the chart was telling me so exit at 3 pips as price was heading into resistance zone {image}
and here is why i wasnt getting a good feeling
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  • #10,275
  • Aug 3, 2017 3:05am Aug 3, 2017 3:05am
EU M1 +6 Explaination on chart

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  • #10,276
  • Aug 3, 2017 3:26am Aug 3, 2017 3:26am
Quoting Vape
EU M1 +6 Explaination on chart {image}
please share template
  • #10,277
  • Aug 3, 2017 3:41am Aug 3, 2017 3:41am
Quoting fxbible
{quote} please share template
Hi, the PVSRA templates are all on the first post by Cigarguy in this thread.

The other indicators used are:

CM_Strength
Open Levels
Sweet spots
M-Candles
TRO-Multi-Meter-Candle

All of these can be downloaded from the paperclip above.
  • #10,278
  • Aug 3, 2017 3:43am Aug 3, 2017 3:43am
Quoting Vape
{quote} Hi, the PVSRA templates are all on the first post by Cigarguy in this thread. The other indicators used are: CM_Strength Open Levels Sweet spots M-Candles TRO-Multi-Meter-Candle All of these can be downloaded from the paperclip above.
thanks
  • #10,279
  • Edited 4:29am Aug 3, 2017 4:18am | Edited 4:29am
U/J -5

First loss after a while

Price had broke out of dragon with notable vol

Forming HH , HL

Entered upon retrace to dragon

Further confirmation after notable vol failed to break dragon downwards and almost formed a pinbar

stopped out when price went below dragon

Comments welcome
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m1-oanda-division7.png Size: 47 KB
  • #10,280
  • Aug 3, 2017 6:01am Aug 3, 2017 6:01am
EURJPY M1 +5PIPS SHORT

Very easy one.
- I observed the lower tops with notable volume. I noticed the two green lower tops that also failed to break the Dragon
- A red candle broke the 131.000 key level with notable volume
- I waited for a small retrace back to the Dragon and entered
Got my target and exited.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-m1-ftt-sweden-ab-2.png Size: 87 KB
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