UJ M1 +6 (+3 avg @ 2 lots) NOT PVSRA ---- Discretionary scalp as a little bored this Sunday.... 
Keep It Simple
- Post #10,621
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- Aug 20, 2017 9:49pm Aug 20, 2017 9:49pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
- Post #10,622
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- Aug 20, 2017 10:51pm Aug 20, 2017 10:51pm
UJ +5.2 pips
Hi guys! This isn't a FIFO trade because of the low momentum & volume at this current session. But anyway...just going where the PA goes...even though for a short while. Explanations are in the chart
have a great day!
Hi guys! This isn't a FIFO trade because of the low momentum & volume at this current session. But anyway...just going where the PA goes...even though for a short while. Explanations are in the chart
have a great day!
~I'll take 5 pips or whatever I can~
- Post #10,623
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- Edited 11:10pm Aug 20, 2017 10:53pm | Edited 11:10pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
]UJ +5.2 pips Hi guys! This isn't a FIFO trade because of the low momentum & volume at this current session. But anyway...just going where the PA goes...even though for a short while. Explanations are in the chart
You must get what you can when you can and nice exit. That's what scalping is about and at times the traders PA trading experience and discretion prevails........
CG
Keep It Simple
- Post #10,625
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- Aug 21, 2017 6:23am Aug 21, 2017 6:23am
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,614 Posts
- Post #10,627
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- Aug 21, 2017 6:26am Aug 21, 2017 6:26am
- Joined Dec 2015 | Status: Member | 2,324 Posts
Market is more simple as you think.
- Post #10,630
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- Edited 7:33am Aug 21, 2017 6:58am | Edited 7:33am
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,614 Posts
{quote} I try to keep my SL 5 pips away in most cases. If I see a potential set up but the stop loss would have to be more than 5 pips to be on the other side of dragon, I usually won't take the trade. I believe in the power of wave counting too but you have to be careful adding too many subjective elements to a proven method in my opinion. You run the risk of overcomplicating something simple in the attempt to cover all possible scenarios where the market doesn't make sense to you. {quote} The market today has been thin so far. I think from watching...
- Post #10,631
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- Aug 21, 2017 7:08am Aug 21, 2017 7:08am
{quote} My last intention is to complicate things bro im just trying pick a trade with high propabilities... green pips to you
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- Post #10,634
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- Aug 21, 2017 8:16am Aug 21, 2017 8:16am
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,614 Posts
- Post #10,636
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- Aug 21, 2017 8:25am Aug 21, 2017 8:25am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Keep It Simple
- Post #10,639
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- Edited 9:53am Aug 21, 2017 8:58am | Edited 9:53am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Sam do you use SL if yes how much!? What i have observ from days waching what price do calls taced in start of the wave are more powerfull (1) and if i can say are "holy grail" of these way of trading... {image}
Guys.......Please........Let's GET BACK TO PVSRA BASICS.....
When our new traders first come here, they install our PVSRA charts with our proven indicators, start their PVSRA journey by reading our PDF's at post #!, study our numerous posted charts reading the excellent trading explanations, practice and learn our method and make pips.
And then some begin to add squiggly indicators, counting waves, playing with EA's, robots, and over thinking our method with far out statistical analysis, ALL which are totally NOT NEEDED and do nothing but create confusion and chaos to a simple, time proven successful trading method.
Sadly enough, most of those traders will soon be gone after blowing their accounts saying our PVSRA system does not work. They did well with the basics but found it necessary to tinker with a clean chart and simple successful system and morph it into a complicated useless chart where PA can hardly be seen.
Each trader can, of course trade with what ever chart they want but as I have posted many times we must keep our posted charts consistent with our PVSRA method allowing ALL to help each other.
Edit; I'm sorry if some find this restrictive, but this is how we will trade PVSRA here. There are many threads at FF that will allow any charts to be posted akin to the WILD WEST, THAT OFTEN END UP BINNED, BUT THIS IS NOT ONE OF THEM. I receive no benefit from keeping this thread open but the enjoyment of sharing PVSRA ideas with like minded traders. I personally don't care if we have one or none here....just attempting to help anyone willing to follow the rules, make some pips and enjoy trading...
Either one of these is acceptable for posting;
Keep It Simple
- Post #10,640
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- Edited 9:17am Aug 21, 2017 9:00am | Edited 9:17am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} I try to keep my SL 5 pips away in most cases. If I see a potential set up but the stop loss would have to be more than 5 pips to be on the other side of dragon, I usually won't take the trade. In that scenario I might, say, halve my lot size and go for +/- ~10 pips. I believe in the power of wave counting too but you have to be careful adding too many subjective elements to a proven method in my opinion. You run the risk of overcomplicating something simple in the attempt to cover all possible scenarios where the market.
Excellent.........KEEP IT SIMPLE.......Wash, Rinse and Repeat don't overthink, it works as is.......
Keep It Simple