EURUSD +5. Explanation on chart.
PVSRA Scalping with Cigarguy
- #10,469
- Aug 15, 2017 7:25am Aug 15, 2017 7:25am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
3 Trades @ USDEUR-M1 for 6.4 pips (+1.8, -4.3, +8.9) Good MTF and CSM. I initially entered on signs of bearish volume, but observed bullish momentum on a weakening bearish candle. I exited the trade with the expectation that price would move against me. My analysis was correct and I started looking to re-enter. I was distracted by the AUDUSD and accidentally entered earlier than I wanted. Consequently, I set a very tight stoploss just above the dragon. I set a tight stoploss instead of a wide stoploss because I had no information that this wasn't...
Nice trades and detailed explanations helping ALL...
You have joined a excellent team of PVSRA scalpers as observed from the many prior posts all trading individually but working as a team to benefit and help each other.
CG
Keep It Simple
- #10,471
- Aug 15, 2017 7:41am Aug 15, 2017 7:41am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Nice Vape! Learn from you to be patience for this kind of trade. Two with +11pips {image}
CG
Keep It Simple
- #10,474
- Edited 8:10am Aug 15, 2017 7:55am | Edited 8:10am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EU M1 +5 Explaination on chart {image}
Good example of scalping S & R...
These are surgical scalps strategically grabbing 5 pips but many times.Hards posted a nice chart demonstrating how to accrue only 5 pip scalps with each trade accruing nice profits with little stress of big draw downs and retraces.
CG
Keep It Simple
- #10,476
- Aug 15, 2017 8:15am Aug 15, 2017 8:15am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Sorry for my choppy posts but doing some PT with only my cell to post...
CG
CG
Keep It Simple
- #10,477
- Aug 15, 2017 8:16am Aug 15, 2017 8:16am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
GU CT trade +4pip. After 5 bearish candle with notable volume, PA stalks at half level. I trade the double bottom on M1 with short TP 4pip. {image}
Keep It Simple
- #10,478
- Aug 15, 2017 8:26am Aug 15, 2017 8:26am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
I see many of our PVSRA core member scalpers here showing our new members how it's done...
Keep It Simple
- #10,480
- Aug 15, 2017 8:30am Aug 15, 2017 8:30am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EU +5pips. Price breaks previous resistant and quarter level with Notable volume. I enter after small retrace to quarter level, exit at +5pips before higher resistant level. {image}
Keep It Simple