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PVSRA Scalping with Cigarguy

  • #10,521
  • Aug 17, 2017 3:06am Aug 17, 2017 3:06am
Quoting Arturke
Hi guys, can someone tell me what did I do wrong? USDJPY -8.0 cuz i see lot of bullish volume and notice break out key level 110.000 i think dragon was good waited for retrance from the key level price was above 200ema and 233ema what is missing? after this one i have USDCAD +6.0 rules the same break out key level 1.26000 lot of bearish volume waited for retrance from the key level inclination dragon was good price was below 200ema and 233ema below {image} {image}
IMHO : It's not a serious mistake ... there may be trades that are stalled. If we want to find something to improve, I think the correct entry was after the first green candle that exceeded 110.00 and would pay 5 pips ... or you had to wait for a green candle on 110.00 or dragon. Another important thing is that the trend on the M5 chart was short, and on M15 chart was strongly short.
It's not a serious mistake ... there may be trades that are stalled. If we want to find something to improve, I think the correct input was after the first green candle that exceeded 110.00 and would pay 5 pips ... or you had to wait for a green candle on 110.00 or dragon. Another important thing is that the trend on the M5 chart was short, and the M15 chart was strongly short

Instead trade on USDCAD was perfect because there is pull back on ex support and whole level 1.2600 and after there is red candle
Trend was strongly short on M1, M5 M15....Trend is your friend
  • #10,522
  • Aug 17, 2017 3:08am Aug 17, 2017 3:08am
Quoting mizi123
{quote} Allsow you have to put on char currency strength meter indi on left to see pairs strogest vs weckest before you chose a pair ...
No you dont. The CSM is lagging and show's strength. But you dont have to use it.
  • #10,523
  • Aug 17, 2017 3:10am Aug 17, 2017 3:10am
Quoting mizi123
{quote} You have enterd nowere, you entry need's to be after finishin the red candle that is wrong. {image}
but before did not break the key level the key level is the point no ? so i should open before break out on this case ?
  • #10,524
  • Aug 17, 2017 3:12am Aug 17, 2017 3:12am
EU M1 +5 Explaination on chart

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  • #10,525
  • Aug 17, 2017 3:14am Aug 17, 2017 3:14am
Quoting Arturke
{quote} but before did not break the key level the key level is the point no ? so i should open before break out on this case ?
You see on these system we all trade the same method but with a little diferences in betwen you have to traing your self and see what works for you good luck.
  • #10,526
  • Aug 17, 2017 3:24am Aug 17, 2017 3:24am
Quoting Vape
{quote} Often, when price breaks through a key level with notable volume, you will see it retrace back above/below. You can see 2 examples of it on your chart. I think in your trade, it would have been safer to wait for the market to pull back to the dragon and then wait and see what it does there before entering. Also, looking at the M15 TF, you can see a move towards the round level with notable volume followed by a bearish candle pattern (pin bar) so going long would be risky in my opinon. Finally, it would be wise to not focus too much on volume...
Okay, thank you Vape for your acumen i think i see your point what you trying to tell yea i need try to focus more on the levels observation not on the volume.
  • #10,527
  • Aug 17, 2017 3:31am Aug 17, 2017 3:31am
Quoting Vape
{quote} Often, when price breaks through a key level with notable volume, you will see it retrace back above/below. You can see 2 examples of it on your chart. I think in your trade, it would have been safer to wait for the market to pull back to the dragon and then wait and see what it does there before entering. Also, looking at the M15 TF, you can see a move towards the round level with notable volume followed by a bearish candle pattern (pin bar) so going long would be risky in my opinon. Finally, it would be wise to not focus too much on volume...
bullish moves sometimes can also be interpreted as MM "forcing" price up to certain point before shorting. am i right?
  • #10,528
  • Aug 17, 2017 3:32am Aug 17, 2017 3:32am
Quoting Arturke
{quote} Okay, thank you Vape for your acumen i think i see your point what you trying to tell yea i need try to focus more on the levels observation not on the volume.
I always made the same mistakes too. Paying too much attention on the bullish/bearish volume
  • #10,529
  • Aug 17, 2017 3:39am Aug 17, 2017 3:39am
Hi, I'm new to PVSRA but I've been studying this thread for quite some times. I don't see everyone using the same method to trade or I should say there is no fixed method. (I've read the post 1 few times)

Most of the time I was quite confusing because same chart, same PVSRA, but everyone interpret the chart in different way...I've tried to understand senior's posted explanation and also tried follow their method, but when I do it myself (demo), the results always against me...

So is there any simple method to follow?

Sorry for my english because it is not my native language.

Thanks.
  • #10,530
  • Aug 17, 2017 3:55am Aug 17, 2017 3:55am
Quoting Arturke
{quote} Okay, thank you Vape for your acumen i think i see your point what you trying to tell yea i need try to focus more on the levels observation not on the volume.
I would say exactly that volume in middle of nowhere means nothing, you have to focus on volume of course but at certain point you are already prepare to, S/R, pullback to EMA 50-200, breakout,S/D ...
There is no way to happiness , happiness is the way.
  • #10,531
  • Aug 17, 2017 3:56am Aug 17, 2017 3:56am
Quoting the.bronx
{quote} bullish moves sometimes can also be interpreted as MM "forcing" price up to certain point before shorting. am i right?
Yes of course! That is correct and in the chart posted by Arturke above, thats maybe what the MM's were doing, but it appears right now that they're just keeping price at the round level and we'll probably see a break once they decide what they want to do next.

The point I was trying to make was to not focus solely on the colour of the volume bars, but also where in the market volume is notable, like you've said, in this case maybe the MM's pushed price up to trigger longs then push price back down. We don't know, but the location of where volume is notable should help give us clues.

You often get set ups where for example, you can go short, but the volume bar is 'green' and 'bullish'. If just focusing on volume being 'bullish' or 'bearish' represented through the colour of the candles/bars, you may miss perfectly valid set ups. I guess, thats where the HA's candles that many people use can be useful. As you dont see the ''colour'' of volume on the candles.
  • #10,532
  • Aug 17, 2017 4:04am Aug 17, 2017 4:04am
Quoting khtan38
Hi, I'm new to PVSRA but I've been studying this thread for quite some times. I don't see everyone using the same method to trade or I should say there is no fixed method. (I've read the post 1 few times) Most of the time I was quite confusing because same chart, same PVSRA, but everyone interpret the chart in different way...I've tried to understand senior's posted explanation and also tried follow their method, but when I do it myself (demo), the results always against me... So is there any simple method to follow? Sorry for my english because...
Yes you are right, there is no fixed method. As cigarguy often says trading is not a one size fits all.

Everyone here follows PVSRA, but we all interprate the charts differently which is why we all have different trades/set ups.

Some advice would be to just focus on one pair and one specific set up. For example, just look at EU and just looks for pull backs to the dragon and key S/R levels with a notable volume bounce as confirmation to enter. You may not get many trades and you may be sitting around all day waiting for a set up, but thats much better than over trading and losing. This is exactly what I did when I first began pvsra. One chart, one set up. Get comfortable with it and then add as you gain confidence.
  • #10,533
  • Aug 17, 2017 4:25am Aug 17, 2017 4:25am
EU M1 + 7.5 Explaination on chart

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  • #10,534
  • Aug 17, 2017 4:49am Aug 17, 2017 4:49am
EU M1 +5 Explaination on chart

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  • #10,535
  • Aug 17, 2017 5:17am Aug 17, 2017 5:17am
Usdjpy +5.0
i was little bit stalking this pair for a while
notice the price bottoms was higher and higher keeping above from 200ema and 233ema
the candles with bullish volume was banging that key level 110.000
at the end bottom was above key level 110.000

above
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  • #10,536
  • Aug 17, 2017 5:27am Aug 17, 2017 5:27am
3 SHORTS on EURUSD for 31.1 pips (0.0, 21.1, 10.0)

I've noticed that PVSRA is good for range trading and trend trading. Range trading is purely a scalping endeavor and it's tough, but trend trading almost feels like riding the dragon and has a much higher margin of error. I wanted to take advantage of that. I first identified the bearish trend and then used indecision volume as entry points. I moved my first trade to breakeven a tad too early and the consolidation around the round number stopped me out. I always have a stoploss that I move to breakeven when I see appropriate and missing out on some trades is all part of risk management. Seeing that we were still in bear territory, I used areas of unusual and indecisive volume as entry points for my second and third trade. Reviewing my trade, I noticed that I entered too early on my trades, but did not suffer any major drawdown and since I was already net positive entering the third trade I was more comfortable with some drawdown. While "riding" the dragon is definitely interesting and potentially lucrative, it does toy with the nerves.

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  • #10,537
  • Aug 17, 2017 5:28am Aug 17, 2017 5:28am
Quoting Arturke
Usdjpy +5.0 i was little bit stalking this pair for a while notice the price bottoms was higher and higher keeping above from 200ema and 233ema the candles with bullish volume was banging that key level 110.000 at the end bottom was above key level 110.000 above {image}
Nice analysis and trade execution may be if you want scalping m1 for 5 pips you could have a look with other broker 1.5 pip spread on major UJ is really expansive for scalping even if you have commission include..
There is no way to happiness , happiness is the way.
  • #10,538
  • Aug 17, 2017 5:34am Aug 17, 2017 5:34am
Quoting khtan38
Hi, I'm new to PVSRA but I've been studying this thread for quite some times. I don't see everyone using the same method to trade or I should say there is no fixed method. (I've read the post 1 few times) Most of the time I was quite confusing because same chart, same PVSRA, but everyone interpret the chart in different way...I've tried to understand senior's posted explanation and also tried follow their method, but when I do it myself (demo), the results always against me... So is there any simple method to follow? Sorry for my english because...
I've new to the PVSRA, but what I've noticed time and time again is that the CSM and MTF are a radar that gives you a heads up of pairs to be on the watch for. It doesn't mean to enter immediately, but it hints of the general trend bias and to look at your indicators and price action for potential entries. If I had to give a rule of thumb, I would say that starting out you ALWAYS want to trade a pair that has a very strong (green) or weak (red) currency and to avoid everything else until the PVSRA system starts clicking. (High spreads are also unfriendly, so avoid those pairs.)
  • #10,539
  • Aug 17, 2017 5:35am Aug 17, 2017 5:35am
Quoting Ockham
{quote} Nice analysis and trade execution may be if you want scalping m1 for 5 pips you could have a look with other broker 1.5 pip spread on major UJ is really expansive for scalping even if you have commission include..
Thank you, may the force be with you.
Yea i know, my broker is robbing me im really thinking about change it...
  • #10,540
  • Aug 17, 2017 5:37am Aug 17, 2017 5:37am
UJ M1 +5 Explaination on chart

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