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PVSRA Scalping with Cigarguy

  • #11,661
  • Oct 30, 2017 11:41am Oct 30, 2017 11:41am
GBPUSD +5

Price had tested 1.32 earlier, reacting with a big pinbar. That didn't stop the bulls, so i got in when the round number got broken again with volume.

Attached Image (click to enlarge)
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  • #11,662
  • Oct 30, 2017 3:54pm Oct 30, 2017 3:54pm
Quoting cigarguy
{quote} Nice...
Cigar guy, please i need a response, why all the templates changed? Why theres no more M5 now all use M1, is m1 best way to do the scalp?

i wanna start using this method, but every picture of this last months of the year, changed the rules a little, what happnd?
  • #11,663
  • Oct 30, 2017 5:26pm Oct 30, 2017 5:26pm
Quoting PPredator
{quote} Cigar guy, please i need a response, why all the templates changed? Why theres no more M5 now all use M1, is m1 best way to do the scalp? i wanna start using this method, but every picture of this last months of the year, changed the rules a little, what happnd?
Start by reading the PDF s at post #1 and study the many charts with trading explanations posted throughout our thread.

CG
Keep It Simple
  • #11,664
  • Oct 31, 2017 2:31am Oct 31, 2017 2:31am
Short USDJPY +5 pips

PA rejected 200EMA and also rejected at dragon on 5mins TF.
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  • #11,665
  • Oct 31, 2017 6:37am Oct 31, 2017 6:37am
2nd Trade,

Long EURJPY +5 pips

Long after PA bounce back from dragon with notable volume .
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  • #11,666
  • Oct 31, 2017 6:52am Oct 31, 2017 6:52am
AUDUSD +5

Slow but continuous downtrend. Got in after break of a resistance level and bounce off EMA's, closed with the beginning of the new hour.
Attached Image (click to enlarge)
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  • #11,667
  • Oct 31, 2017 7:10am Oct 31, 2017 7:10am
USDJPY M1 -5PIPS SHORT

- Lower tops with notable volume
- Red candle broke what looked like a consolidation level with notable volume
- I entered after a retrace
PA went against me and hit my SL.
I should have waited until PA broke the 200EMA. My fault!
Attached Image (click to enlarge)
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  • #11,668
  • Oct 31, 2017 7:22am Oct 31, 2017 7:22am
Quoting robmagario
USDJPY M1 -5PIPS SHORT - Lower tops with notable volume - Red candle broke what looked like a consolidation level with notable volume - I entered after a retrace PA went against me and hit my SL. I should have waited until PA broke the 200EMA. My fault! {image}
The red bar just before your entry stopped right on the Week Mid Lo support.
  • #11,669
  • Oct 31, 2017 7:23am Oct 31, 2017 7:23am
Quoting fx_malloc
{quote} The red bar just before your entry stopped right on the Week Mid Lo support.
Oh, thanks for telling me. I didn't know that!
  • #11,670
  • Oct 31, 2017 7:29am Oct 31, 2017 7:29am
Quoting robmagario
USDJPY M1 -5PIPS SHORT - Lower tops with notable volume - Red candle broke what looked like a consolidation level with notable volume - I entered after a retrace PA went against me and hit my SL. I should have waited until PA broke the 200EMA. My fault! {image}
Also, right on NYo, risky.
  • #11,671
  • Oct 31, 2017 7:31am Oct 31, 2017 7:31am
Quoting robmagario
{quote} Oh, thanks for telling me. I didn't know that!
The PVSRA_SmartLevels indicator adds it and a few other key lines. I find UJ reacts to them quite strongly more often than not. It's in the paperclip above.

Thanks for taking the time to post all of your trades the last year+! They have been super helpful in the educational process!
  • #11,672
  • Oct 31, 2017 7:46am Oct 31, 2017 7:46am
Quoting the3mp
{quote} Also, right on NYo, risky.
Indeed! NYO is really risky!
  • #11,673
  • Oct 31, 2017 8:49am Oct 31, 2017 8:49am
UJ M1 +5 Explanation on chart

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  • #11,674
  • Oct 31, 2017 10:14am Oct 31, 2017 10:14am
USDJPY +7

The price tried breaking down at 113.4, but was rejected with high volume. Got in when it started going up again. It was a bit risky to leave it open at the end of the hour cause the hourly candle closed as a doji with a kinda long upper shadow, but the range was so tight that I didn't think it really mattered. Closed at half level.

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  • #11,675
  • Oct 31, 2017 10:52am Oct 31, 2017 10:52am
EURUSD M1 +5PIPS LONG

Strong rejection from both Dragon and the key level with notable volume.
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  • #11,676
  • Oct 31, 2017 11:43am Oct 31, 2017 11:43am
WHat is ur guys R;R ? 1:1 ?
  • #11,677
  • Oct 31, 2017 11:49am Oct 31, 2017 11:49am
Many looses today:

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  • #11,678
  • Oct 31, 2017 12:14pm Oct 31, 2017 12:14pm
Quoting Kubiasty
Many looses today: {image}
You've entered your trades at a time when the dragon is flat which suggests no real direction or momentum. Try to enter your trades when the dragon is showing good direction: (1 - 2 o'clock and 4 - 5 o'clock). If you look at Robs chart above yours, you can see for the past 4 or so hours the dragon was flat, but by waiting he managed to get a trade which had good dragon direction confirmation.
  • #11,679
  • Oct 31, 2017 12:42pm Oct 31, 2017 12:42pm
Quoting Kubiasty
Many looses today: {image}
Good to check weekly seperation of strength. You can see both USD and JPY are near together, so you can see some flat dragon. Be patient and wait, wait and wait again for the few secondds the day you enter for the daily income. Do not rush in trading. Seems scalping is for most people round the clock trigger action.

It is not if trade this method.
Perfection is the enemy of good enough!
  • #11,680
  • Oct 31, 2017 12:42pm Oct 31, 2017 12:42pm
Quoting Kubiasty
Many looses today: {image}
Dear Kubiasty,

If you check my bearish entries, most of the time, I am looking for an entry when PA makes a new low with a red candle and notable volume, breaking the previous low.
In your chart, PA didn't make a new low. It made what we call "double inverted shoulders".
I drew it on the chart.
I hope this helps.
Regards,
Rob
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