PVSRA Scalping with Cigarguy

EURUSD, short +4.9

My first success and witnessed the significant level tested.

Saw 1.22750 level tested, after the big bull candle subsequent 2 candles failed to continue rally. The spinning top formed with low volume, this was my cue. Entered in the 3rd candle, price jumped up a bit, then reversed. Exited at the first support found. Still very new to PVSRA, trying to get the hang of it. Appreciate your input, if any.

Waiting this from London Open.
CSM showing USD weak, JPY strong. Good dragon angle, break of S/R and bearish candle with notable volume.
Exit because I expected choppiness. +3.9pips.

EU M1 +6 Explanation on chart

First time poster, long time student. Thanks to all for your fabulous charts and explanations.

EU M1 +15

As usual, excellent!

Short USDJPY( 2 trades)
Short after PA broke 110.70 and 110.60. Both trades hit my tp. I realized when I short USDJPY, I won most of the time. But when I long, my winning rate is 50%. I am thinking that it is better to take a trade when only in short position.. haaa...

EU M1 +5 Explanation on chart

GM Pipsters,

A lot of Pips with AC going southbound with PVSRA-FIFO-CG setup and the News this morning EST !



In the Zone R78-R61:



A RT against my Targets but %margin still > 200 and DD still holding while I patiently wait for a PB south:



I am trying to "Keep It Simply" - thanks CG !

Thank you Bears and Cheers to all !

EU short +4.7pips.
Bearish candle with notable volume broke 1.2250 key level and recent lows.
Confirmed by the angle of 200EMA and dragon.

EU short +2.2pips.
Bearish candle with notable volume broke the 1.2240 key level.
Confirmed by the angle of 200EMA and dragon.
Exit early because I got uncertain about the momentum.

EU long -5.1pips
Price was heavily resisted below 1.2240, bullish candle with notable volume broke 1.2250 level and 200EMA, good angle of dragon.
Price rouse to around +4pips( close to my 5pips tp) and fell.

Perhaps it was too early for the price to go up.

Please what the best indicator for momentum?
Your help will be highly appreciated.
Ray

GBPUSD +6

 

1. Trade with trend
2. Double top in lower timeframes
3. Nice momentum

Your chart and your eyes are the best indicator...walk with the trend wait for momentum and travel with price. (car got momentum when it going downhills)

Simjo is right! Your eyes can´t beat by any avaible indicator. Trading get easier with the time you invest watching charts day in and day out. Many, many hours! Do you not put under stress and want trade say like vape tomorrow. See the time as your friend.
You male it yourself easier if you have a good plan build and money management that can handle this style of trading. This is so important, that can not write enough. Without this done, you will go on wild travel.

I ask myself what i want from market. How often i trade and how often was hitting my SL or TP. This can change every time, but i must have a starting point for calculation. I decided back to trade very small and by time i increased my risk with more confidence i get through the daily trading business. Do not focus to get in the first steps massive % on account. First target can be to stay in the market without blowing account after account. Often newcommers hurry in trading action and trade with high lot, that brings the account in bad fields. Trading is not a sprint!

You have here a true diamond and i was late here and wish i have earlier take care about what cg told me.

It seems that, CM_Strength_Fix-mod.mq4 gets garbled
when using multibyte language on your windows.

I'm using win7 pro Japanese and assume that Chinese and Korean (and other multibyte languages) windows may have same issue.



I changed the fonts so that it won't be garbled.
Only the fonts are changed and the core part of the indi isn't touched.

Hope this will help someone.

Michael & Simjo,

Excellent posts...both right on target

Have a great week end ALL...
CG

Short EU +2.8
Low activity on Friday morning
Get some quick pips from PA drop down dragon and key level with notable volume. Exit at previous low
Have a nice weekend fellas


STAY GREEN!!!!

Nice catch..
CG

I know this is a scalping thread. I wonder if it's possible to post trades that traded on M5 or M15 (using PVSRA of course)

I think this thread is about catching the momentum and this works here great with M1. Hope i get it right but wait for vape and cg to write something more deeper to this.