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PVSRA Scalping with Cigarguy

  • #11,101
  • Sep 7, 2017 8:06pm Sep 7, 2017 8:06pm
USDJPY M1 -5PIPS SHORT

Reasons
- A huge push down with 3 candles (red, pink, red) with notable volume
- I entered on a retrace back to the Dragon
- Got my SL triggered and lost 5 pips
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  • #11,102
  • Sep 7, 2017 8:39pm Sep 7, 2017 8:39pm
[quote=Roose;10270514]AudUsd -5.3 may i know where was your SL? why did not SL at 0.8020 ? i am still reading and testing this system, and hoping to know better.
  • #11,103
  • Sep 7, 2017 8:45pm Sep 7, 2017 8:45pm
USDJPY M1 +4PIPS LONG

I entered because of 3 consecutive candles (green, blue and green) broke the previous high with notable volume
- I waited for a retrace and entered
- I closed it at 4pips because my EP was not very good. I entered a bit too early. I should have waited until it bounced back to the 25wgt
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  • #11,104
  • Sep 7, 2017 8:50pm Sep 7, 2017 8:50pm
Quoting robmagario
USDJPY M1 +4PIPS LONG I entered because of 3 consecutive candles (green, blue and green) broke the previous high with notable volume - I waited for a retrace and entered - I closed it at 4pips because my EP was not very good. I entered a bit too early. I should have waited until it bounced back to the 25wgt {image}
Hi Rob! It seems like your scalping now is really so simple and profitable now! There is always a clean break of previous lows and you enter after retrace! Really good! Can't wait to trade later! However I am.not sure if my past two trades have been Correct analysis or is just pure luck. Please comment! Thanks rob!
  • #11,105
  • Sep 7, 2017 8:54pm Sep 7, 2017 8:54pm
Quoting pvrsazyt
{quote} Hi Rob! It seems like your scalping now is really so simple and profitable now! There is always a clean break of previous lows and you enter after retrace! Really good! Can't wait to trade later! Thanks rob!
I noticed that most of the time this works pretty well. Today so far I made one loss though. But that is life, hehehe.
  • #11,106
  • Sep 7, 2017 10:04pm Sep 7, 2017 10:04pm
USDJPY M1 +4PIPS SHORT

Here PA failed to break the RWL, but it made a new low with a red candle and notable volume
So, I waited until a retrace back to the key level and entered.
Usually, I will wait until a retrace back to the 25wgt but in this case, I didn't because PA failed to break the RWL so that for me was a sign that the retrace could go up all the way close to the key level, which it did.
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  • #11,107
  • Sep 7, 2017 10:28pm Sep 7, 2017 10:28pm
hey guys
i am still reading and testing
should we enter Short on this , without a red candle and still before London session ?
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  • #11,108
  • Sep 8, 2017 12:03am Sep 8, 2017 12:03am
USDJPY M1 +5PIPS SHORT

Yes, I could have made way more money but I ended up with 5pips of profit.
That was a huge and beautiful bearish move!
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  • #11,109
  • Sep 8, 2017 1:28am Sep 8, 2017 1:28am
EURUSD lost 34 pips

guys, can tell me what wasn't right ? was my SL too much ?
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  • #11,110
  • Sep 8, 2017 1:51am Sep 8, 2017 1:51am
Quoting edwardhck
EURUSD lost 34 pips guys, can tell me what wasn't right ? was my SL too much ? {image}
I hope this is done on a demo? If you didn't notice, price already made a double top and still wasn't able to break level 1.20900 that's why price went all the way down. I guess you should probably go through the basics again. Just my 2 cents
~I'll take 5 pips or whatever I can~
  • #11,111
  • Sep 8, 2017 1:54am Sep 8, 2017 1:54am
Quoting edwardhck
EURUSD lost 34 pips guys, can tell me what wasn't right ? was my SL too much ? {image}
Some initial thoughts.

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  • #11,112
  • Sep 8, 2017 1:57am Sep 8, 2017 1:57am
Quoting edwardhck
EURUSD lost 34 pips guys, can tell me what wasn't right ? was my SL too much ? {image}
Yes, a 34 pip stop is too large if you're scalping for a 5pip TP. You'll now need 6 wins to get back what you've lost if your targets are 5pips like most traders here use.

Also, dragon is really flat at the time of your entry. Ideally you want to be trading when the dragon has good direction. You also entered just after Europe Open. It can be dangerous to trade just after Frankfurt open and London Open.
  • #11,113
  • Sep 8, 2017 4:01am Sep 8, 2017 4:01am
E/U +4.4

M15 shows bullish trend , and price was just on top of dragon which had added confluence even though it was a CT trade on M1

A series of high vol at the bottoms resulted in a HL, HH.

Entered on break of key lvl 1.20500

Tp just below 200 ema as

Guys only 1 trade today!

Heading Out for happy TGIFFF
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  • #11,114
  • Sep 8, 2017 4:32am Sep 8, 2017 4:32am
Quoting edwardhck
EURUSD lost 34 pips guys, can tell me what wasn't right ? was my SL too much ? {image}
Your entry was not ideal.
That green candle needed to be much taller and needed to have made a new high.
So, basically, that was not a good position to enter.

SL of 34 pips is too much. I usually don't lose more than 5pips. You need to think of the R/R.

Also, you can see a red candle forming double shoulders with the green candle. I think that was also a sign that a bearish move was coming up soon.
  • #11,115
  • Sep 8, 2017 5:37am Sep 8, 2017 5:37am
GBPUSD LONG +5
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  • #11,116
  • Sep 8, 2017 5:44am Sep 8, 2017 5:44am
Usdjpy M1 +3.5 pips

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Hoping to get some feedback if this was a valid entry or was it just pure luck.
Was it too risky as I did not wait till it broke the previous low and the RDL was in the way?


Starting our my journey as a PVSRA scalper. Sorry for being so troublesome.
Thank guys
  • #11,117
  • Sep 8, 2017 6:02am Sep 8, 2017 6:02am
GBPUSD +20

Two trades, the first one is identical to simjo's, the second one I got in after a retrace and a big green candle. Closed it when the price stalled.

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  • #11,118
  • Sep 8, 2017 6:05am Sep 8, 2017 6:05am
Quoting kbkm
Usdjpy M1 +3.5 pips {image} Hoping to get some feedback if this was a valid entry or was it just pure luck. Was it too risky as I did not wait till it broke the previous low and the RDL was in the way? Starting our my journey as a PVSRA scalper. Sorry for being so troublesome. Thank guys
Quite risky IMO, the price had stopped making lower lows, and getting in short right after a big bullish candle it's not the best idea long term.
  • #11,119
  • Sep 8, 2017 6:09am Sep 8, 2017 6:09am
Quoting the3mp
{quote} Quite risky IMO, the price had stopped making lower lows, and getting in short right after a big bullish candle it's not the best idea long term.
Got it. thanks for the advice
  • #11,120
  • Sep 8, 2017 6:35am Sep 8, 2017 6:35am
EURGBP +4.5pips
There was a nice bearish trend on EURGBP M1 chart
PA broke the previous level and made a new low at key level (0.915) then I waited for a retrace to the half level and entered.
I exited at round level.
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