PVSRA Scalping with Cigarguy

UJ +2pips CT

So, I attempted a quick short counter trade a while ago because of sheer boredom when PA just so happened to break through Dragon and I'm mighty glad it followed through.

Hi CG and everyone else....trying to learn the system and practicing on demo. hopefully i can succeed like you all.

i have a small question. i couldnt find the MTF trend indicator. sorry i checked all theard but missed it.

i am talking abt the small rectangels on top right of the charts. changes color red-green according to trend on mtf.

all the best

cemilfx

Welcome to ForexFactory and PVSRA. You can find the file by going to the first page and downloading the attachment named "CigarguyChart.zip" and then extracting TRO_Multi_Meter_CandleColor.mq4. Alterntaively, you can download the file directly here: TRO_Multi_Meter_CandleColor.mq4 (click me).

In the future, please review this post when trying to find indicators and templates.

Thank you sir, that's what i was looking for.

Thank you for heads up, @hards also help out.

GBPJPY long + 4.8 avg

GbpJpy +8 ... be carefully today London banks are closed

Tod you and cigarguy do best possible trades i like your way of trading

It is a very good thread full of insights that every trader must be aware of, and be diligent in applying them.
I am not proposing posting life calls, especially not while scalping - too much interference at the time of active trading.

It might assist new traders to explain statistic reality of trading, on any TF.
Things like the ratio of the proposed risk to reward (SL including spread and PT) in the context of PVSRA.
Every profitable strategy has to have statistically accountable element, or foundation, clearly indicating why on balance there are more profits that losses.

Here comes the boring part of trading, repeating actions that bring profits!!!
Unfortunately, it has to be so. With a profitable strategy, statistically sound, we spend time preparing for possible scenarios and watching the PA on the charts, ready to get in or to close the trade (on itraday trades, as I usually let the scalp to continue to its PT unless the rational for that trade in no longer there). I find that MM are not allowing to pre-set the trades too close to the current PA, so for scalping I usually execute the entry myself, but always with a SL and a PT.
On scalping I usually set the PT to be twice the amount of risk, that means an early entry observing market structure HH/HL or LL/LH (S/R) in the direction of trend, and looking at the tick volume (VSA). Since PVSRA, good marriage of basic trading principles. Such arrangements provide a wining edge IMHO.

One also needs to be aware of the excitement of loosing, not so seldom experienced by traders on the way of exciting self-destruction, travelling to the mantra, look after small profits and grow in hope on loosing trades.

There is so much detailed analysis on this thread to help trader to become successful by diligent studies of the posted contents of very well meaning people, giving their time, expertise and experience.

My best wishes to all and a big THANK YOU!!! to the positive contributors to this thread.
2be

GBPUSD long +5

Where can i get the latest 2017 pvsra template? Someone please paste link?

UJ +5
explanation on chart

My trade from today ... now finished ...

Would anyone be so kind to share which brokers you are using , preferably UK traders, that have decent spreads? This is only for demo but I was using ETX but have bene ahving issues recently so want to move to another broker.

Thanks in advance!

BROKER DISCUSSIONS NOT ALLOWED in non commercial threads per FF rules.

Does anyone bother to read rules and start at post #1??

PM S ONLY.

CG

A few posts before yours the latest templates have been posted by simjo.

https://www.forexfactory.com/showthr...9#post10231019

USDJPY -5. Explanation on chart.

Good day traders, I ve downloaded the latest templates and indicators but I can't find the S&R level, I mean the whole and half level line, which seems to be an integral part of this strategy. Please help me out.

E/J +2
price already broke key lvl

Tp close to next key level

entered after small pin support on dragon

Another one ...

Pair: USDJPY - Short

Candle Direction mostly in tune? Y
Strenght Seperation at Entry? Y
EMAs behind PA? Y
Level behind PA? Y
Smart-Levels behind PA? on the Smart Levels
Trendline-Break? Y
PA in Channel Direction? Y

Y=Yes N=No

Heavy fight here, because of much going on (Smart Levels, 250), but i saw evtl. 250 retest and i saw good action in my trading direction by an other method i trade beside PVSRA.

Notefor me: Better stay away trade such setups and look for better one, or only by reduced lots!

Nice scalp and EXCELLENT explanation. I particularly like your clear method of checking your PVSRA boxs for entry confirmation.....

Also, nice example of using toddyS2k s Smart Level indicator providing an additional edge.

CG