Michael & Simjo, Excellent posts...both right on targetHave a great week end ALL...
CG
I want FIFO Alawy 103 All pairs ES but I can not find it.
You can help to me for that?
Thanks.
PVSRA Scalping with Cigarguy
- #12,102
- Jan 20, 2018 3:55pm Jan 20, 2018 3:55pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} 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.
Keep It Simple
- #12,103
- Jan 20, 2018 3:57pm Jan 20, 2018 3:57pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Hı cigarguy, I want FIFO Alawy 103 All pairs ES but I can not find it. You can help to me for that? Thanks.
Keep It Simple
- #12,105
- Jan 20, 2018 11:46pm Jan 20, 2018 11:46pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EA S don't work trading/scalping especially PVSRA. Its financial suicide trusting your money to a bot.
No short cuts...you must know how the market works and understand the mind set of institutions, if not a trader will soon be gone.
Many have been too lazy to learn and want easy money...yea right...
CG
No short cuts...you must know how the market works and understand the mind set of institutions, if not a trader will soon be gone.
Many have been too lazy to learn and want easy money...yea right...
CG
Keep It Simple
- #12,106
- Jan 21, 2018 2:22am Jan 21, 2018 2:22am
- Joined Dec 2015 | Status: Trader | 2,586 Posts
{quote} EA S don't work trading/scalping especially PVSRA. Its financial suicide trusting your money to a bot. No short cuts...you must know how the market works and understand the mind set of institutions, if not a trader will soon be gone. Many have been too lazy to learn and want easy money...yea right...
Perfection is the enemy of good enough!
- #12,107
- Edited 6:44am Jan 21, 2018 6:23am | Edited 6:44am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} EA S don't work trading/scalping especially PVSRA. Its financial suicide trusting your money to a bot. No short cuts...you must know how the market works and understand the mind set of institutions, if not a trader will soon be gone. Many have been too lazy to learn and want easy money...yea right...
They know they DON'T WORK and they will soon get your hard earned money.
Through the years here at FF, I have seen many robot threads die and traders loose all their capital and disappear...
Trading is hard enough when you know what your doing and a fast way to go broke if your too lazy to learn.
Traders looking for the Holy Grail for profits ?......i have good news for you....YOU ARE THE HOLY GRAIL...just learn and use your eyes...
CG
Keep It Simple
- #12,108
- Jan 21, 2018 6:51am Jan 21, 2018 6:51am
- Joined Dec 2015 | Status: Trader | 2,586 Posts
{quote} Brokers love giving EA S/robots to their customers. If you think brokers are your friends...better think again.
Bad news for all, who have dreamed of a fast way to get rich with autopilot. Good news for all who want learn and ready to take this for a good road to increase the own skills.
With this adventure you make a personal boost and learn also for life.
Do you need a robot, sure?
Perfection is the enemy of good enough!
- #12,109
- Edited 4:18pm Jan 21, 2018 7:47am | Edited 4:18pm
- Joined Jun 2016 | Status: PA Pivot Swing Trader | 3,892 Posts
GM Pipsters,
I just want to share how I practice on the weekend with my PVSRA-FIFO trading. I use a trading simulator called FX Blue V3. It is probably the only EA that can be very helpful to improve your skills vs some worthless Robot that will eventually loose your hard earned money:
I set it at $1000 play money, then take tiny TP of 2 Pips x 6 Lots of 0.01 or 0.06 Lots, trade only 1 to 2 open trades, with a SL set to no more than 10% of my Equity or just set it to $50-100 (5-10%) in my mind before closing my tiny trade(s) manually as an aggressive trader. However,more conservatively 2 - 5% of Equity has been said to be the idea risk. That helps handle any DD to avoid being called after Margin % drops too much. But, this program will simulate margin calls as well and stops you from trading too, to protect your account after reaching a planned limit (SL). And, if you use it only with the prior week's data, then then the News Indicator will also be simulated so you know when PA-momentum-volume is the greatest !,
Here is where you can find this EA: https://www.fxblue.com/live/
Just register and go to their Apps menu. Then have fun while learning through practice !!!!! I have used this MT4 app for many years on different methodology-strategies...but PVSRA-FIFO is really the very best to capture quick Pips! However, while capturing Pips is relatively easy when using this very powerful PVSRA approach, the key to making money is not to lose your Pips with good Money Management as discussed above - an extremely important point !
Enjoy you weekend and consider practicing on the weekends .... work, work and work when you have any free time throughout the week !
Thanks CG and Cheers to all !
- JG
I just want to share how I practice on the weekend with my PVSRA-FIFO trading. I use a trading simulator called FX Blue V3. It is probably the only EA that can be very helpful to improve your skills vs some worthless Robot that will eventually loose your hard earned money:
I set it at $1000 play money, then take tiny TP of 2 Pips x 6 Lots of 0.01 or 0.06 Lots, trade only 1 to 2 open trades, with a SL set to no more than 10% of my Equity or just set it to $50-100 (5-10%) in my mind before closing my tiny trade(s) manually as an aggressive trader. However,more conservatively 2 - 5% of Equity has been said to be the idea risk. That helps handle any DD to avoid being called after Margin % drops too much. But, this program will simulate margin calls as well and stops you from trading too, to protect your account after reaching a planned limit (SL). And, if you use it only with the prior week's data, then then the News Indicator will also be simulated so you know when PA-momentum-volume is the greatest !,
Here is where you can find this EA: https://www.fxblue.com/live/
Just register and go to their Apps menu. Then have fun while learning through practice !!!!! I have used this MT4 app for many years on different methodology-strategies...but PVSRA-FIFO is really the very best to capture quick Pips! However, while capturing Pips is relatively easy when using this very powerful PVSRA approach, the key to making money is not to lose your Pips with good Money Management as discussed above - an extremely important point !
Enjoy you weekend and consider practicing on the weekends .... work, work and work when you have any free time throughout the week !
Thanks CG and Cheers to all !
- JG
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
- #12,111
- Edited 11:58am Jan 21, 2018 11:46am | Edited 11:58am
- Joined Dec 2015 | Status: Trader | 2,586 Posts
All about how clever we manage our money. For me is a slow growing account (in this case much more profit as other investments i know from) better than an account that are several times in the week on his limit.
This is a personal thing and no plan can fit for other. I asked myself: Will i stress me and have over and over again more as 50% hit rate? Does i need this really?!?
What can i do to trade more stressless? Does i need a CRV that is minimum two times from risk or higher? Is this really clever with scalping? Does a negative CRV work and what can i do to recover a lost serie?
I have fixed my calculatin to 10% hit rate and i will recover my losts with the next trade. For me was this because by my nature i am happy i know this, that with every trade more i get all my losts back. This is NOTHING that can handle another human. So this is EVER a choice that the trader must check with himself.
So i know my growing on the account is not that top ratet you will find here, if this account live long enough or if the informations are real. I have a better hit rate as the 10%, but this is for the sitaution i have a bad day, without luck or i do not concentrate enough. Do you know, we are humans with emotions and days with no good health or other things? Trade like a robot? We cant it and this is good, so we stay longer in business ;o)
I have build a plan to fix my questions and my needs. So i have make a spreadsheet to find out what can i trade and what not. Hope this calculations are right, i have no math study or i build rockets. Hope i must do this not and someone must build new one, because of my false math ... lol ... :oP
Here a picture to share my spreadsheet:
Edit: I trade 1:1
This is a personal thing and no plan can fit for other. I asked myself: Will i stress me and have over and over again more as 50% hit rate? Does i need this really?!?
What can i do to trade more stressless? Does i need a CRV that is minimum two times from risk or higher? Is this really clever with scalping? Does a negative CRV work and what can i do to recover a lost serie?
I have fixed my calculatin to 10% hit rate and i will recover my losts with the next trade. For me was this because by my nature i am happy i know this, that with every trade more i get all my losts back. This is NOTHING that can handle another human. So this is EVER a choice that the trader must check with himself.
So i know my growing on the account is not that top ratet you will find here, if this account live long enough or if the informations are real. I have a better hit rate as the 10%, but this is for the sitaution i have a bad day, without luck or i do not concentrate enough. Do you know, we are humans with emotions and days with no good health or other things? Trade like a robot? We cant it and this is good, so we stay longer in business ;o)
I have build a plan to fix my questions and my needs. So i have make a spreadsheet to find out what can i trade and what not. Hope this calculations are right, i have no math study or i build rockets. Hope i must do this not and someone must build new one, because of my false math ... lol ... :oP
Here a picture to share my spreadsheet:
Edit: I trade 1:1
Perfection is the enemy of good enough!
- #12,112
- Jan 21, 2018 12:09pm Jan 21, 2018 12:09pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
All about how clever we manage our money. For me is a slow growing account (in this case much more profit as other investments i know from) better than an account that are several times in the week on his limit. This is a personal thing and no plan can fit for other. I asked myself: Will i stress me and have over and over again more as 50% hit rate? Does i need this really?!? What can i do to trade more stressless? Does i need a CRV that is minimum two times from risk or higher? Is this really clever with scalping? Does a negative CRV work and what...
As I have posted many times trading is not a one size fits all. Each must find what works for them.
Congratulations for finding what works for you and sharing your thoughts with your excellent posts..
CG
Keep It Simple
- #12,113
- Edited 12:48pm Jan 21, 2018 12:28pm | Edited 12:48pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
On this quiet Sunday, i would like to thank ALL of the excellent traders we have gathered here on this thread for your posts and helpful contributions.
In my many years here at FF, I have not seen such a relaxed and helpful group of traders come together as TRADERS HELPING TRADERS as we have here....
My Grateful Regards,
Cigarguy
In my many years here at FF, I have not seen such a relaxed and helpful group of traders come together as TRADERS HELPING TRADERS as we have here....
My Grateful Regards,
Cigarguy
Keep It Simple
- #12,114
- Jan 21, 2018 2:18pm Jan 21, 2018 2:18pm
{quote} Brokers love giving EA S/robots to their customers. If you think brokers are your friends...better think again.
Second week was a little better 67,1% winrate with a 1,67% winrate. Now I got to do a lot of demo forward testing AND a lot of backtesting to refine my strategy, but it is going in the right direction.
What I like about it thus far is, you don't have to sweat over a trade for hours and hours / days on days on end, really great. And you can just trade 1 hour a day and find an average of 1/2 quality setups, which everyone has a spare hour a day for something they like, even in the asian session it works.
Will post some charts to keep you guys updated!
Thanks CG and many others!
"Luck is when opportunity meets preparation"
- #12,115
- Jan 21, 2018 2:28pm Jan 21, 2018 2:28pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Did some backtesting this afternoon, first week ended up with a 60,8% winrate with an average of 1,63 R:R. Second week was a little better 67,1% winrate with a 1,67% winrate. Now I got to do a lot of demo forward testing AND a lot of backtesting to refine my strategy, but it is going in the right direction. What I like about it thus far is, you don't have to sweat over a trade for hours and hours / days on days on end, really great. And you can just trade 1 hour a day and find an average of 1/2 quality setups, which everyone has a spare...
Make your trades, hit your targets and enjoy your day..
KEEPING IT SIMPLE..
CG
Keep It Simple
- #12,116
- Jan 21, 2018 2:42pm Jan 21, 2018 2:42pm
{quote} Nice to hear PVSRA SCALPING is working for you. Your reasons for scalping pretty much mirror my own. Make your trades, hit your targets and enjoy your day..
What I also like about this thread is that a lot of old members are still here, like Vape and Rob and some other peeps, lurking around sometime, a real gem. You just don't often see members hanging around on one thread haha, so that is also a good indication what a great community this is!
"Luck is when opportunity meets preparation"
- #12,117
- Jan 21, 2018 2:49pm Jan 21, 2018 2:49pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Really looking forward to digging in deep and crunching numbers. What I also like about this thread is that a lot of old members are still here, like Vape and Rob and some other peeps, lurking around sometime, a real gem. You just don't often see members hanging around on one thread haha, so that is also a good indication what a great community this is!
Keep It Simple
Good morning fm AS.
EURUSD +6.3
Didnt take the trade on the way down but you can see the symmetry is just outstanding.
Caught this one a bit late after the first pullback.
My cue for MM's position was the increased volume before the pullback and the pullback.
The 1/4 level provided a strong confirmation that the rally would continue this was my entry cue.
Price rallied through a supply zone, thought it would punch through, but noticed volume increased without price increase and seems unable to breakthrough. Took it as my exit cue.
As always, comments are always welcome. Should my analysis is incorrect, I'd appreciate guidance.
Thanks.
EURUSD +6.3
Didnt take the trade on the way down but you can see the symmetry is just outstanding.
Caught this one a bit late after the first pullback.
My cue for MM's position was the increased volume before the pullback and the pullback.
The 1/4 level provided a strong confirmation that the rally would continue this was my entry cue.
Price rallied through a supply zone, thought it would punch through, but noticed volume increased without price increase and seems unable to breakthrough. Took it as my exit cue.
As always, comments are always welcome. Should my analysis is incorrect, I'd appreciate guidance.
Thanks.
