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PVSRA Scalping with Cigarguy

  • #12,261
  • Feb 6, 2018 7:21am Feb 6, 2018 7:21am
Quoting cigarguy
{quote} Excellent catch.... CG
This one was easy CG like you often catch ... and may many easy FIFO trades be upon us all
  • #12,262
  • Feb 6, 2018 7:32am Feb 6, 2018 7:32am
Quoting h2y
{quote} This one was easy CG like you often catch ... and may many easy FIFO trades be upon us all
It's always easy when you know what your doing....
Keep It Simple
  • #12,263
  • Feb 6, 2018 7:50am Feb 6, 2018 7:50am
Quoting cigarguy
{quote} It's always easy when you know what your doing....
yes sir, read some wise words back one day: outside of the dictionary success comes only after work...
  • #12,264
  • Feb 6, 2018 8:16am Feb 6, 2018 8:16am
Many watching Wall Street to see if correction will continue......we shall see shortly at opening....
Keep It Simple
  • #12,265
  • Feb 6, 2018 8:37am Feb 6, 2018 8:37am
IMO..Good scalping opportunities in this volatile market when stalking for high volume PVSRA entries.

FIFO safer then position high time frame trades....for me anyway.....Fast In / Fast Out and then relax no stress with pips safely banked.....
Keep It Simple
  • #12,266
  • Feb 7, 2018 2:52am Feb 7, 2018 2:52am
GU M1 -5 Explanation on chart

Attached Image (click to enlarge)
Click to Enlarge Name: gu-07-02-18.png Size: 48 KB
  • #12,267
  • Feb 7, 2018 3:10am Feb 7, 2018 3:10am
EURUSD +3

Risky trade as there is not a visible trend. There were those two big bullish candles pushing the price higher, and that purple candle stopped the deep "retrace". Got in after PA broke DO/Dragon/Pivot. Closed cause it formed a double pin on 1.238.
Attached Image (click to enlarge)
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  • #12,268
  • Feb 7, 2018 3:51am Feb 7, 2018 3:51am
EU M1 BE

sometimes it is better to fold early
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-02-07_10-38-39_EURUSD_M1_.png Size: 137 KB
  • #12,269
  • Feb 7, 2018 4:14am Feb 7, 2018 4:14am
Quoting Vape
GU M1 -5 Explanation on chart {image}
Vape thanks for the post as you are one of the truthful traders here ... learned and still learning much from your neat charts

Noticed that GU bounced on RWL and found support at quarter with relatively higher but no notable volume (at RWL) ... However i could not see RWL on your chart ... IMO (temporary) reversals are often seen at levels such as RW and RD. Are you using RD, RW and/or other levels besides DO,WO and MO?

Thanks and stay green my friend

edit: added annotations on chart
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 116 KB
  • #12,270
  • Feb 7, 2018 6:02am Feb 7, 2018 6:02am
Quoting h2y
{quote} Vape thanks for the post as you are one of the truthful traders here ... learned and still learning much from your neat charts Noticed that GU bounced on RWL and found support at quarter with relatively higher but no notable volume (at RWL) ... However i could not see RWL on your chart ... IMO (temporary) reversals are often seen at levels such as RW and RD. Are you using RD, RW and/or other levels besides DO,WO and MO? Thanks and stay green my friend edit: added annotations on chart {image}
Excellent and well deserved comment...
Keep It Simple
  • #12,271
  • Feb 7, 2018 7:33am Feb 7, 2018 7:33am
Quoting h2y
{quote} Vape thanks for the post as you are one of the truthful traders here ... learned and still learning much from your neat charts Noticed that GU bounced on RWL and found support at quarter with relatively higher but no notable volume (at RWL) ... However i could not see RWL on your chart ... IMO (temporary) reversals are often seen at levels such as RW and RD. Are you using RD, RW and/or other levels besides DO,WO and MO? Thanks and stay green my friend edit: added annotations on chart
Hi Mate, Yes I use the RWL and other levels. But, its important to remember these level's arent static and can move during a session as price moves. I think at the time I took that cable trade the RWL was a little lower so couldn't see it on the screen shot.

IMO (temporary) reversals are often seen at levels such as RW and RD. Yes as below:

GU M1 +5 Explanation on chart

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Click to Enlarge Name: GU-M1-07-02-18.png Size: 50 KB
  • #12,272
  • Feb 7, 2018 7:56am Feb 7, 2018 7:56am
EU M1 +6.5 Explanation on chart

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  • #12,273
  • Feb 7, 2018 8:03am Feb 7, 2018 8:03am
DOW IMPLIED opening down.....continued stock & currency volatility offering good PVSRA entry opportunities...

As scalpers, we welcome and stalk for volatility for our FIFO scalps.

CG
Keep It Simple
  • #12,274
  • Feb 7, 2018 8:12am Feb 7, 2018 8:12am
EU M1 +5 Explanation on chart

Attached Image (click to enlarge)
Click to Enlarge Name: eu+5.png Size: 46 KB
  • #12,275
  • Feb 7, 2018 8:13am Feb 7, 2018 8:13am
Quoting Vape
EU M1 +5 Explanation on chart {image}
Excellent as usual...

Great PVSRA chart for newbies to study....
Keep It Simple
  • #12,276
  • Feb 7, 2018 10:02am Feb 7, 2018 10:02am
Hello..
sir cigarguy.....
im new to your thread...i need to start with you because im already loss...i need to follow your stergy.. please tell me where should i started?
Thank you!
  • #12,277
  • Edited 10:31am Feb 7, 2018 10:15am | Edited 10:31am
Quoting darshana1991
Hello.. sir cigarguy..... im new to your thread...i need to start with you because im already loss...i need to follow your stergy.. please tell me where should i started? Thank you!
To ALL new traders answering your question,

Start by reading the PDFs and setting up your charts with PVSRA indicators downloadable in the above paperclip.

Then study the many posted charts with great explanations.....study, study and practice with a small LIVE account.....Their is no short cut as work is required to become successful ....

IMO a small LIVE account will teach disclipine where DEMO accounts can teach bad habits absent the feeling of pressure and real money at risk.

Welcome
CG
Keep It Simple
  • #12,278
  • Feb 7, 2018 10:48am Feb 7, 2018 10:48am
Quoting darshana1991
Hello.. sir cigarguy..... im new to your thread...i need to start with you because im already loss...i need to follow your stergy.. please tell me where should i started? Thank you!
CG wrote good points and i will add one more. Most of the time you wait for the conditions to be right to enter. Better do not trade if the price is not in the right postion for a trade. Waiting is a key to profits. And do not think this is easy. It can be tough in the first steps.
Perfection is the enemy of good enough!
  • #12,279
  • Feb 7, 2018 12:45pm Feb 7, 2018 12:45pm
GU +2

1. 15 Min support

2. Double bottom with high volume

Late entry hence closed when price appeared to be stalling
Attached Image (click to enlarge)
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  • #12,280
  • Feb 7, 2018 1:31pm Feb 7, 2018 1:31pm
Quoting MichaelSch
{quote} CG wrote good points and i will add one more. Most of the time you wait for the conditions to be right to enter. Better do not trade if the price is not in the right postion for a trade. Waiting is a key to profits. And do not think this is easy. It can be tough in the first steps.
Thank you sir,
im going to read thread and practice PVSRA with small live account..I have 1 year Bad forex trading experiences..i was looking for a new way .. as i think this will be new era to enter the forex.

"a small LIVE account will teach discipline where DEMO accounts can teach bad habits absent the feeling of pressure and real money at risk''

this is the great advice i ever heard.... ( sorry for my bad English ) and also i will post my result soon....
thank you again
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