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PVSRA Scalping with Cigarguy

  • #12,001
  • Jan 16, 2018 11:57am Jan 16, 2018 11:57am
Quoting MichaelSch
{quote} Thanks, you much better, but i know to stay in game after some years now. I have make in the past many bad things and is good to share it with others and good if this is something for others.
Michael,

Thanks for the help as always appreciated. Your trades with nice explanations speak for themselves....Traders Helping Traders....

This is one asset this thread has over many others TEAM WORK with no negativeness or bickering between subscribers........
Keep It Simple
  • #12,002
  • Jan 16, 2018 12:02pm Jan 16, 2018 12:02pm
just subsribed and learning the System.....
  • #12,003
  • Jan 16, 2018 12:07pm Jan 16, 2018 12:07pm
Quoting renkotop
just subsribed and learning the System.....
renkotop,

Welcome and looking forward to your thread contributions....

Regards,
Cigarguy
Keep It Simple
  • #12,004
  • Jan 16, 2018 12:08pm Jan 16, 2018 12:08pm
EU M1 +85 (avg. +4.2 @ 20 lots added with bullish momentum) See chart..
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2018-01-16_11-11-51_EURUSDi_M1_.png Size: 56 KB
Keep It Simple
  • #12,005
  • Jan 16, 2018 12:13pm Jan 16, 2018 12:13pm
I appreciate for your advice cigarguy and Michael !
Got tons of hints !

Quoting cigarguy
{quote} #5 you shorted at RDL on a long bullish wick right on the 135.100 key level ..... Maybe install our M Candle indicator will help #9 dragon was headed up and 200 ema right below bullish I don't have time to go into more details maybe some can as I am a better trader then teacher.....Looks to me like your doing pretty good just more practice and a little tweaking....
#5
I see. I"ll try the Multi candle. ( I didn't consider 5M any way. )

#9
oooops!

Quoting MichaelSch
{quote} First things i will give you: Do not hurry in action. Observe what is going on (i take m5 also in account) and select good places. Waiting is a key for this business. If you have different TP and SL and a negative CRV, take in account that you must have more winners as loosers, if you trade the same risk. Be sure you build a plan and a money management to let you stay in this business. This is a personal thing. It takes you massive under stress if you want to have a win rate above 70 - 80% all the time. I trade martingale, know what this...
YES, I do have different TP and SL according to recent highs and lows, and my CRV turned out to be negative for today.
Win rate was 70% for today( pretty high for a first day ), but the loss trades are too big compared to win trades.
If I had set my SL tighter, win rate should fall.

Maybe I should re-inspect how I make a plan before trading, or select my entry points more carefully.



Many many, and many thanks for you two !!
  • #12,006
  • Jan 16, 2018 12:48pm Jan 16, 2018 12:48pm
Quoting Reilluyankas
I appreciate for your advice cigarguy and Michael ! Got tons of hints ! {quote} #5 I see. I"ll try the Multi candle. ( I didn't consider 5M any way. ) #9 oooops! {quote} YES, I do have different TP and SL according to recent highs and lows, and my CRV turned out to be negative for today. Win rate was 70% for today( pretty high for a first day ), but the loss trades are too big compared to win trades. If I had set my SL tighter, win rate should fall. Maybe I should re-inspect how I make a plan before trading, or select...
Good idea to stalk M5 and when you see a possible entry drop down to M1 for entry and trade management. In time you will find what works for you as each trader must make any trading system THEIR OWN to fit their personality and pain threshold that works for them......
Keep It Simple
  • #12,007
  • Jan 16, 2018 1:14pm Jan 16, 2018 1:14pm
Sir,
I have been following this thread with keen interest.
Please kindly post the indicator that draws the green and red boxes
on he attached screenshot
Regards
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 287 KB
  • #12,008
  • Jan 16, 2018 1:22pm Jan 16, 2018 1:22pm
EU M1 +142 (avg. +4.7 @ 10 lots & added with bullish momentum) Chart should be self explanatory.... the dotted line is the DO line and I waited for the break and probable retrace as short term support to this line for possible entry...
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2018-01-16_12-27-47_EURUSDi_M1_.png Size: 52 KB
Keep It Simple
  • #12,009
  • Jan 16, 2018 1:33pm Jan 16, 2018 1:33pm
Quoting Rayneke
Sir, I have been following this thread with keen interest. Please kindly post the indicator that draws the green and red boxes on he attached screenshot Regards {image}
Welcome Rayneke,

That is the M Candle indicator located in the above paperclip. I have mine set as a 60 minute candle as many times you will see a high momentum move at the beginning of this candle....not always of course, but worth watching anyway....

You can also observe one hour candle formations as if watching a one hour chart for higher time frame trends.

Cigarguy
Keep It Simple
  • #12,010
  • Jan 16, 2018 1:38pm Jan 16, 2018 1:38pm
Quoting cigarguy
EU M1 +85 (avg. +4.2 @ 20 lots added with bullish momentum) See chart.. {image}
Good trade, but i still don't get it The square in the volume means that it's increasing?
  • #12,011
  • Jan 16, 2018 1:49pm Jan 16, 2018 1:49pm
UJ M1 +35 (avg. +3.5 @ 10 lots) See chart......

Quote
LuisRicardo;10678070]{quote} Good trade, but i still don't get it The square in the volume means that it's increasing?
Maybe this helps...
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiM1.png Size: 102 KB
Keep It Simple
  • #12,012
  • Jan 16, 2018 1:52pm Jan 16, 2018 1:52pm
Quoting cigarguy
UJ M1 +35 (avg. +3.5 @ 10 lots) See chart...... {image}
+2 I get that too
Attached Image (click to enlarge)
Click to Enlarge Name: _20180116_154955.JPG Size: 50 KB
  • #12,013
  • Jan 16, 2018 1:53pm Jan 16, 2018 1:53pm
Quoting LuisRicardo
{quote} +2 I get that too {image}
Good Job....I think you answered your own question with this trade......
Keep It Simple
  • #12,014
  • Jan 16, 2018 2:11pm Jan 16, 2018 2:11pm
Quoting cigarguy
{quote} Good Job....I think you answered your own question with this trade......
Thanks, I keep seeing entry where there's no. Need practice and patience.
  • #12,015
  • Edited 3:07pm Jan 16, 2018 2:19pm | Edited 3:07pm
Quoting LuisRicardo
{quote} Thanks, I keep seeing entry where there's no. Need practice and patience.
Stay with it and keep practicing...it will come with screen time...

Remember not to over trade. When staring at monitors for many hours. Make your goal turn your computer off and enjoy your day.. if not, you will justify entries not their.
Keep It Simple
  • #12,016
  • Edited 3:07pm Jan 16, 2018 2:35pm | Edited 3:07pm
A FYI for those who watch their monitors for many hours. Keep in mind a very important ingredient to our successful scalping is VOLATILITY.....during session slow times, profitable scalps can be risky with low volume and retraces.

I have personally had days when I made very nice pips during a high volume session, over traded by hanging out on my monitors too long and gave it all back to low volume hours and retraces.

I believe this is a issue that most traders must overcome as they feel they ALWAYS NEED TO TRADE AFRAID A GOOD TRADE WILL BE MISSED....not to worry as many more will come along....
CG
Keep It Simple
  • #12,017
  • Edited 3:30pm Jan 16, 2018 3:19pm | Edited 3:30pm
UJ M1 +34 (avg +3.4 @ 10 lots) See Chart...little late entry was busy with other things, but OK for a few on bullish break of 200 ema....
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiM1.png Size: 73 KB
Keep It Simple
  • #12,018
  • Jan 16, 2018 9:11pm Jan 16, 2018 9:11pm
UJ M1 +4.5 pips
Attached Image (click to enlarge)
Click to Enlarge Name: PVSRA UJ M1 17 Jan 2018.png Size: 47 KB
~I'll take 5 pips or whatever I can~
  • #12,019
  • Jan 17, 2018 1:01am Jan 17, 2018 1:01am
Huge volume
Short EU and GU with roughly 30 pips total
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot pvsra2018-01-16_22-57-57_EURUSDi_M1_.jpg Size: 204 KB
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot pvsra2018-01-16_22-57-33_GBPUSDi_M1_.jpg Size: 180 KB
  • #12,020
  • Jan 17, 2018 1:47am Jan 17, 2018 1:47am
Quoting cigarguy
UJ M1 +89 (avg. +4.4) this one was a bumpy ride. Entered on rejection of 110.700 key level then DD but short term support held so added to target... Not a shinning scalp, for sure.... {image}
Sir, I have some question.

You longed before any bullish volume candle has showed up.
What was the reason you judged to long? Especially for the first and second entry.
Only expecting rejection from 110.7 key level?
( I see there were some long wicks nearly touching 110.7 level. 200EMA is also close. )

I know that you, yourself admit that it wasn't a shinning trade, but just for educational purposes, I post questions.
Thanks.
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