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PVSRA Scalping with Cigarguy

  • #11,421
  • Oct 4, 2017 7:17am Oct 4, 2017 7:17am
EU +6 (2lot)

Trading near red news is not recommended.

Allright, so CSM confirm the pair, nice dragon angle, price just broke quarter level with big green candle.
I enter when retraced back to dragon (confirmed retracement when price try to brake dragon with red volume but didnt make it), make a quick exit when i reach my target.
Attached Image (click to enlarge)
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  • #11,422
  • Oct 4, 2017 8:14am Oct 4, 2017 8:14am
Quoting Vape
{quote} Yes this was a CT trade as the short term trend from NYO was bearish and I was targeting a bounce back to the dragon from the small double bottom that formed. The confirmation came when price closed above the DO and 1/4 level. The volume I highlighted simply meant that there were a period of high activity at/around the level I had mentioned. Although, the highlighted candle was 'green' I did not enter on the next candle, because as you can see in the picture below, the candle was actually useless (in terms of a candle pattern) imo, as it...
Excellent post mate, i'm sure this will help a lot of trader, when we start understanding pvsra and particularly volume we probably in explanation mention too much bearish and bullish volume probably as a bad shortcut as we already know what volume mean at S/R in conjugaison with the candlestick pattern, but it could be confusing for new pvsra users, so thank you to highlight this with your great post
One possible way is to change the color of the volume like i did in the screen below so you can focus on volume and where it is and don't be influence by the volume color, this could may be help some new traders .. or not
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There is no way to happiness , happiness is the way.
  • #11,423
  • Oct 4, 2017 8:47am Oct 4, 2017 8:47am
Quoting Ockham
{quote} Excellent post mate, i'm sure this will help a lot of trader, when we start understanding pvsra and particularly volume we probably in explanation mention too much bearish and bullish volume probably as a bad shortcut as we already know what volume mean at S/R in conjugaison with the candlestick pattern, but it could be confusing for new pvsra users, so thank you to highlight this with your great post One possible way is to change the color of the volume like i did in the screen below so you can focus on volume and where it is and don't...
Good post ....Yes. S & D areas should always be known in conjunction with PVSRA recognition..

I have previously posted many charts depicting these areas to help identify S & D for entry opportunities.

Thanks for bringing these important areas back to our scalpers for study...

CG
Keep It Simple
  • #11,424
  • Oct 4, 2017 9:18am Oct 4, 2017 9:18am
USDJPY M1 +5PIPS LONG

Reasons
- Break of the key level with a huge green candle and notable volume
- I waited for a retrace to the 25 wgt and entered
Got my target and exited!
Attached Image (click to enlarge)
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  • #11,425
  • Oct 5, 2017 1:02am Oct 5, 2017 1:02am
Quoting cigarguy
Once again, I wish to thank ALL of our PVSRA scalpers for giving your continuing respect and support to Vape and Rob as our thread leaders. They have dedicated many selfless hours of posts with excellent explanations and charts sharing their PVSRA knowledge as "Traders Helping Traders".... I must continue to take a diminished trading role to focus on my post surgery recovery. A Greatful, Cigarguy
get well soon cigarguy, and intake less cigar for your health
  • #11,426
  • Oct 5, 2017 1:49am Oct 5, 2017 1:49am
EC Short, i missed the close trade yesterday above the half level (FIFO failed), price turn quickly to upside and going back down. Im still thinking this pair might be going down, maybe need to fill the order first above whole level at 1.47xxx. Luckily manage to close it at BE and took some small pips, reason to close:
1) the dragon angle no longer looking good (4pm-5pm, refer TVT20)
2) the ranging become big, risk and reward ratio are not good ( price may go up to 1.47xxx )
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  • #11,427
  • Oct 5, 2017 2:09am Oct 5, 2017 2:09am
GJ short, quick scap TVT20 entry, closed too quick, should target at the whole level for exit.
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  • #11,428
  • Oct 5, 2017 2:15am Oct 5, 2017 2:15am
Hi,
Thank you Cigarguy for this awsome thread. My eyes begin to see the truth after years of indicators and crap.
I took the trade also and closed too soon haha.
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  • #11,429
  • Oct 5, 2017 7:51am Oct 5, 2017 7:51am
GBPUSD SHORT +20
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  • #11,430
  • Oct 5, 2017 8:24am Oct 5, 2017 8:24am
Quoting simjo
GBPUSD SHORT +20 {image}
Nice...
Keep It Simple
  • #11,431
  • Oct 5, 2017 8:45am Oct 5, 2017 8:45am
Quick 8 and 11 pips at retrace to 25 wgt on usdcad. Target under whole 50 number.
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  • #11,432
  • Oct 5, 2017 8:50am Oct 5, 2017 8:50am
Quoting Aqvila
Quick 8 and 11 pips at retrace to 25 wgt on usdcad. Target under whole 50 number. {image}
Keep It Simple
  • #11,433
  • Oct 5, 2017 10:51pm Oct 5, 2017 10:51pm
I still do not understand the volume, can you explain briefly how to look at it?
  • #11,434
  • Oct 6, 2017 2:01am Oct 6, 2017 2:01am
Quoting Galoha99
I still do not understand the volume, can you explain briefly how to look at it?
maybe this post will help
  • #11,435
  • Oct 6, 2017 11:13pm Oct 6, 2017 11:13pm
Quoting EVolta
{quote} maybe this post will help
Thank you
  • #11,436
  • Oct 7, 2017 9:53am Oct 7, 2017 9:53am
Can someone please tell me what the 25 wgt is?

Thanks!
  • #11,438
  • Oct 7, 2017 11:41pm Oct 7, 2017 11:41pm
Quoting arioaza
Hidden
Most instaforex bonus is a trick to lure customer. Meaning if u profit 10% from your bonus they will pullback all bonus and u have to deposit in order to turn that 10% gain into your equity.
Example no deposit bonus 1k = you make 10% = usd 100 (bonus pull back and u must deposit usd100)
Total you will have real equity usd200.
But still ok as if u wipe out the whole usd1000 no deposit bonus then consider it as training better than a demo.
regards
Self discipline It is a practice
  • #11,439
  • Oct 8, 2017 9:06pm Oct 8, 2017 9:06pm
EURUSD M1 -5PIPS SHORT

A series of red candles broke the previous low so I entered after a retrace to the 25 wgt expecting PA would go down from there.
But PA went all the way up hitting my SL.
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  • #11,440
  • Oct 8, 2017 9:17pm Oct 8, 2017 9:17pm
The 2 above ignored and suspended for spamming Brokers which is not allowed.

I don't like doing this as we are here to trade, learn and bank pips but some never learn....

CG
Keep It Simple
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