can anyone please describe to me how does this strategy works? i didn't understand about what author said on PDF . thanks
PVSRA Scalping with Cigarguy
- #11,524
- Oct 13, 2017 11:33am Oct 13, 2017 11:33am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Congrats for many nice scalps today Guys....
CG
CG
Keep It Simple
- #11,526
- Oct 16, 2017 6:59am Oct 16, 2017 6:59am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EJ m1 +11 not my favorite pairs spread is higher but.. Price already arrived on demand zone, euro news and Frankfurt open, time to let the mm playing ! {image}
Keep It Simple
- #11,528
- Oct 16, 2017 9:47am Oct 16, 2017 9:47am
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
- #11,529
- Oct 17, 2017 1:37am Oct 17, 2017 1:37am
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
EURJPY M1 -5PIPS SHORT
- Break of the previous low with a red candle and notable volume
- I waited for a retrace and entered
Got stopped at my SL.
- Break of the previous low with a red candle and notable volume
- I waited for a retrace and entered
Got stopped at my SL.
- #11,533
- Oct 17, 2017 9:56am Oct 17, 2017 9:56am
Here is the reason why you should understand why volume, reaction with price, and location (whole/half/quarters level) occurrence are important, if you blindly follow the data by the news (CPI y/y today are good result, you think its long), but it turned to the other side which will cost you $.
hope that help
hope that help
- #11,534
- Oct 17, 2017 11:14am Oct 17, 2017 11:14am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Here is the reason why you should understand why volume, reaction with price, and location (whole/half/quarters level) occurrence are important, if you blindly follow the data by the news (CPI y/y today are good result, you think its long), but it turned to the other side which will cost you $. {image} hope that help
Keep It Simple
- #11,536
- Oct 18, 2017 2:53am Oct 18, 2017 2:53am
USDJPY +10 (ish)
Morning Gents,
Had a terrible day on Monday, as I am at work for London open I usually just monitor on my phone as best I can and if I spot something worth while I will take it.
Well I got really busy reallyquickly on Monday and forgot to close a position, when I checked it later on I was down A LOT. It is only a demo account but still tough to see nevertheless.
Nice simple trade this morning, bullish trend entered on retracement to dragon. Was tempted to enter short on the pullback immediately after closing this long position but decided against it as I want to be a bit more conservative until I reclaim what I lost on Monday.
Morning Gents,
Had a terrible day on Monday, as I am at work for London open I usually just monitor on my phone as best I can and if I spot something worth while I will take it.
Well I got really busy reallyquickly on Monday and forgot to close a position, when I checked it later on I was down A LOT. It is only a demo account but still tough to see nevertheless.
Nice simple trade this morning, bullish trend entered on retracement to dragon. Was tempted to enter short on the pullback immediately after closing this long position but decided against it as I want to be a bit more conservative until I reclaim what I lost on Monday.
- #11,537
- Oct 18, 2017 3:50am Oct 18, 2017 3:50am
USDJPY +4
Uptrend for the last 6 hours, price had broken the previous H1 max and was pointing to the monthly open. Waited for it to get off that half level with big volume, then got in. Closed when it struggled to push up for the second time at the same level.
Uptrend for the last 6 hours, price had broken the previous H1 max and was pointing to the monthly open. Waited for it to get off that half level with big volume, then got in. Closed when it struggled to push up for the second time at the same level.
- #11,538
- Oct 18, 2017 3:52am Oct 18, 2017 3:52am
Another one.
USDJPY long +18 ish ( 2 lots)
Last push retraced back to dragon so I re-entered long again, made a small push but retraced again. I was not worried by this as there was a high bear volume candle on this mini retrace back to dragon that didn't move PA much and didn;t break dragon which just showed how strong the bulls are this morning.
Entered again after this mini retracement bounced of dragon again.
Must admit there was no real reason for my exit other than fear of getting to busy at work and leaving the position open indefinitely. In hindsight I should have waited for it to break the 112.600 level as it was so close to it but I will use that as a lesson learnt!
USDJPY long +18 ish ( 2 lots)
Last push retraced back to dragon so I re-entered long again, made a small push but retraced again. I was not worried by this as there was a high bear volume candle on this mini retrace back to dragon that didn't move PA much and didn;t break dragon which just showed how strong the bulls are this morning.
Entered again after this mini retracement bounced of dragon again.
Must admit there was no real reason for my exit other than fear of getting to busy at work and leaving the position open indefinitely. In hindsight I should have waited for it to break the 112.600 level as it was so close to it but I will use that as a lesson learnt!
