PVSRA Scalping with Cigarguy

GU M1 -5 Explanation on chart

GU M1 +13 Explanation on chart

UJ M1 +7 Explanation on chart

1)Long EURJPY +5PIPS

Risky trade as there are no green candles and notable volumes but just long the break from consolidation area.


2)Short EURJPY +5pips

Short PA broke dragon with notable volume.

Dont have a picture but UJ just bounced off 200 SMA and nosedived south!! Perfect entry basicllay as large high volume bullish candle stopped at the 200SMA on the dot and then began to drop.

I got about 40 pips from it with 2 lots at 20 each

GBPJPY is almost at RDL, expecting a bounce from this so plan to enter and see if I can get some pips from it

GBPJPY + 8 ( -1 + 9)

Im an idiot as I got scared when it dropped below RDL I thought it was just going to power through it, exitied stupidly and re-enterted for a total of +8.

Has anyone ever seen anything just blow through the RDL? Every time I see PA approaching this key level it ALWAYS retraces for easy pips

Short USDJPY +5pips

Short after PA pull back to dragon .

GU M1 2 trades +10 Explanation on chart

GBPUSD +10

This one took a bit more than expected, but I was very confident in it.
For the whole week, GBP has been pushed up during low activity hours and smashed down during London session. I got in after a retrace to the daily open.

EURUSD +10

Price slowly inching up, before breaking the weekly open with big volume. That area was also a strong hourly resistance, so the price spiked up really quick. CLosed it at quarter level, but there was a ton of room on the upside to around half level (previous hourly consolidation area).

Long EURUSD +5 PIPS

Long after PA bounce back from dragon with green candles and notable volume.

Anyone catch the 20 ish pip move on UJ?

Got around +40 pips over 2 lots on the way down and wanted to test my theory that nothing ever blows straight through RDL without a retrace and got +5 on the bounce!

That could be the easiest way to secure high probability pips, wait for price to hit RDL and enter long for the retrace. 3/3 times it has happend so far

UJ M1 +5 Explanation on chart

here are my UJ trades -

+ 40 short ( 2 lots at 20 ish eaach)
- PA failed to break through 200SMA with notable volume so entered short

+5 long after PA hit RDL

As you can see I have a few entries that I closed early due to fear that I was wrong, I am working on that at the moment as I seem to be too quick to manually close my positions if I see any sign of it going against me. Often I will close a position if I am down 2/3/5+ pips because I assume I was wrong but in fact more often than not it tends to continue in the direction I thought leaving me kickingmyself for turning a potential winner into a loser...

UJ is being too kind today...

+ 14 ( 2 lots @ 7 each)

Pushed back up to 200 SMA and failed to break through again with notable voume.

USDJPY M1 +5PIPS LONG

- First confirmation: PA broke the key level with a blue candle and notable volume, followed by an uptrend that pushed PA even further north
- Second confirmation: PA tried to retrace but the retrace failed to break the Dragon with a very strong rejection ( very notable volume)
After that, I waited until PA got very close to the Dragon again and entered.
Got my target really quickly and exited! (FIFO trade)

EU +4(2lot)

Price failed to break half level continued with huge red candle.
At first i was waited for retracement, but then another candle appeared, once the price going back up to half level of the last candle i put my trade.

Great week Guys congrats.....
CG

GBPUSD +8
Strong Pound, pushing up after some Brexit news. First entry was when the price started going up again breaking the H1 resistance level with a huge upside. Closed when it failed to break the previous top.
I got in again when it broke it, but a series of high volume candles scared me off. After that the price easily went up 20 pips to a previous H1 consolidation area.