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PVSRA Scalping with Cigarguy

  • #10,361
  • Edited 10:54am Aug 9, 2017 9:39am | Edited 10:54am
PVSRA Scalpers,

ALL seem to be having issues with their news indicators as noted on another thread;

Not sure if this is correct just found this posted on another thread by a trader appearing to have coding knowledge....

looks like FF changed news impact info in XML-file like:

old:
High/Medium/Low

new:
high/medium/low

update your codes should fix that impact color issue

If anyone has contact with TAH the Author for a fix or another idea, please post....this has happened a few times before while trading on our old PVSRA thread and updates were needed as well.....

CG
Keep It Simple
  • #10,362
  • Aug 9, 2017 10:08am Aug 9, 2017 10:08am
Quoting samskara
EURUSD +5.5. Explanation on chart. {image}
Good samskara!
This is very excellent pvrsa entry because:
1) volume of the first red candle under 200ema on M5 is highest of the morning
2) after this, there is a green candle but can't above 200 ema
So, when broke down dragon with another red candle, was the perfect entry.

Looking the first red candle with highest volume, we can understand that will be a big down trend.

I hope that you understand me, because my english is bad
  • #10,363
  • Aug 9, 2017 11:56am Aug 9, 2017 11:56am
Quoting PierRafa
{quote} Good samskara! This is very excellent pvrsa entry because: 1) volume of the first red candle under 200ema on M5 is highest of the morning 2) after this, there is a green candle but can't above 200 ema So, when broke down dragon with another red candle, was the perfect entry. Looking the first red candle with highest volume, we can understand that will be a big down trend. I hope that you understand me, because my english is bad
Good points! I wish they were all as clear as that one. I hope in time that I start to get a feel for when to hold the trade for longer or take the ~5 pips. Could have taken at least 25 there but price stalled for a couple minutes so I closed it.
  • #10,364
  • Aug 9, 2017 12:44pm Aug 9, 2017 12:44pm
EurUsd M1 Trend is upward, price broke 1.17500 level with notable bullish volume.6 pips FIFO trade.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1t.png Size: 50 KB
  • #10,365
  • Aug 9, 2017 2:32pm Aug 9, 2017 2:32pm
EURJPY M1 +5PIPS LONG

Reasons
- Although the inclination of Dragon was not very good, I looked at two events
--> First event came when PA broke the 200EMA with a green candle and notable volume
--> PA bounced back to Dragon, two tiny blue candles with very notable volume failed to break Dragon downwards, so these two blue candles served as support
I entered the trade, got my target and exited.
Attached Image (click to enlarge)
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  • #10,366
  • Aug 9, 2017 3:29pm Aug 9, 2017 3:29pm
Hello all, I would appreciate if someone could confirm my mistake analysis. The bottom line I suppose was being worried about missing an opportunity and entering trades too early and without confirmation. Learning patience...
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  • #10,367
  • Edited 11:07pm Aug 9, 2017 5:20pm | Edited 11:07pm
Quoting Tradable
Hello all, I would appreciate if someone could confirm my mistake analysis. The bottom line I suppose was being worried about missing an opportunity and entering trades too early and without confirmation. Learning patience... {image}
I see that many are trading during times with very little or no volatility. I see many entries while our Ema's are almost flat during slow periods including Asia with no volume/momentum and traders wonder why their trades fail.....

If you look back at the charts posted with successful trades you will see that most are taken during a session and time with high volume/momentum and taken to t/p quickly...aka FIFO.

Robs, Vaps, freeman777, mine and others are mostly taken to t/p in a matter of seconds or minutes.

These are the high momentum entries we must stalk to find, not entries taken with no momentum and subject to retraces during a session time lacking volatility.

So many are worried about insignificant entry details and are over thinking their entries when a "not perfect" entry taken with HIGH MOMENTUM would have possibly quickly made pips.

The most important key word is MOMENTUM.......Keep It Simple and Don't overthink every entry......wait for momentum with PVSRA confirmation and take the trade.......

You can look back only 2 or 3 pages and throughout our thread and see charts where t/p's were hit in 2 or 3 minute candles that's the momentum you want........stalk, wait, find and confirm PVSRA entry, enter, exit and stalk for another.....wash, rinse and repeat...

CG
Keep It Simple
  • #10,368
  • Aug 9, 2017 11:13pm Aug 9, 2017 11:13pm
EJ m1
Explanation on chart
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There is no way to happiness , happiness is the way.
  • #10,369
  • Aug 9, 2017 11:32pm Aug 9, 2017 11:32pm
Quoting Tradable
Hello all, I would appreciate if someone could confirm my mistake analysis. The bottom line I suppose was being worried about missing an opportunity and entering trades too early and without confirmation. Learning patience... {image}
Hi Tradable, completely agree with CG who post above, trading m1 charts using his pvsra scalping system will give you really high winrate near 99% success if trade only with high momentum.
As you draw on your chart a ranging box you can see the previous high momentun give you some bull information at a previous bottom, when PA show you high bull momentum at a bottom even if this candle is not big you have to take care that PA is not ready to break the support, if you want to go short you really want to wait that the support broke with high bearish momentum. Your short entry was a nice risky long entry with tight stop to reach at least the medium line of this range or the top of this one.
There is no way to happiness , happiness is the way.
  • #10,370
  • Aug 9, 2017 11:39pm Aug 9, 2017 11:39pm
Our OP CigarGuy post and explain many times our the MM are manipulating the market and how we can use the volume information to make green pips and not been trapped thanks to CG one more time for his great explanation since more than 10000 posts

Hope it is ok with CG to post this here, i would like to share with you this 2 great posts from PENT56, you can found also original post here and here.
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There is no way to happiness , happiness is the way.
  • #10,371
  • Edited 8:52am Aug 10, 2017 12:10am | Edited 8:52am
Quoting Ockham
Our OP CigarGuy post and explain many times our the MM are manipulating the market and how we can use the volume information to make green pips and not been trapped thanks to CG one more time for his great explanation since more than 10000 posts Hope it is ok with CG to post this here, i would like to share with you this 2 great posts from PENT56, you can found also original post here and here....
NP....still PVSRA which many trade and make it their own to fit their personality and comfort zone..

PENT56 gives good explanations as were taught and traded on our old thread. All were encouraged to have learned these PVSRA basics prior to transitioning to scalping from position trading.

CG
Keep It Simple
  • #10,372
  • Aug 10, 2017 3:16am Aug 10, 2017 3:16am
GU -5pips. I enter the short after 3 bearish with notable volume candle, wait for a retrace to dragon and Enter.

The Price looks seem reverse and I exit. Is it maybe due to the big support at M15 chart ?
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  • #10,373
  • Aug 10, 2017 3:28am Aug 10, 2017 3:28am
EU M1 +15 Explaination on chart

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  • #10,374
  • Aug 10, 2017 3:28am Aug 10, 2017 3:28am
GU M1 +6 Explaination on chart

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  • #10,375
  • Aug 10, 2017 5:07am Aug 10, 2017 5:07am
EU M1 +7 Explaination on chart

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  • #10,376
  • Aug 10, 2017 5:29am Aug 10, 2017 5:29am
UJ M1 +5 Explaination on chart

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  • #10,377
  • Aug 10, 2017 6:09am Aug 10, 2017 6:09am
UJ M1 +5 Explaination on chart

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  • #10,378
  • Aug 10, 2017 6:26am Aug 10, 2017 6:26am
Quoting cigarguy
PVSRA Scalpers, ALL seem to be having issues with their news indicators as noted on another thread; Not sure if this is correct just found this posted on another thread by a trader appearing to have coding knowledge.... looks like FF changed news impact info in XML-file like: old: High/Medium/Low new: high/medium/low update your codes should fix that impact color issue If anyone has contact with TAH the Author for a fix or another idea, please post....this has happened a few times before while trading on our old PVSRA thread...
may be this will help some people ...just a suggestion
Attached File(s)
File Type: mq4 FFC_fixed.mq4   69 KB | 465 downloads
  • #10,379
  • Aug 10, 2017 6:42am Aug 10, 2017 6:42am
EU M1 +3.6 Explaination on chart

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  • #10,380
  • Aug 10, 2017 7:18am Aug 10, 2017 7:18am
UJ M1 +5 Explaination on chart

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