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PVSRA Scalping with Cigarguy

  • #12,301
  • Feb 8, 2018 10:00am Feb 8, 2018 10:00am
BTW, I have been asked via PM S if I am trading and why not posting!

Yes, I am scalping PVSRA but not posting much due to my scalps although PVSRA based are discretionary from years of experience.

I don't want to distract from our PURE PVSRA posts with mine coupled with my observations that only many hours of screen time teaches. This would be confusing to our new traders.

CG
Keep It Simple
  • #12,302
  • Feb 8, 2018 10:05am Feb 8, 2018 10:05am
Quoting cigarguy
{quote} Vape, It would be helpful if you would make this post a PDF I would hate to see it lost in our busy thread.... I have never made a PDF or I would.. CG
Easy one... screenshot, paste, screenshot, paste and export file as PDF or print as pdf with standard writing software
Attached File(s)
File Type: pdf Spotting_fake_setups_by_vape.pdf   569 KB | 817 downloads
  • #12,303
  • Edited 10:24am Feb 8, 2018 10:08am | Edited 10:24am
Quoting h2y
{quote} Easy one... screenshot, paste, screenshot, paste and export file as PDF or print as pdf with standard writing software {image}
h2y,
Thanks...,
Just a computer thingy I have not done....Most of my computer experience is relegated too...the BUY or SELL buttons on my MT4 platform...lol...

I hope ALL pick up some pointers from this one now preserved in our paperclip.....


CG
Keep It Simple
  • #12,304
  • Feb 8, 2018 10:29am Feb 8, 2018 10:29am
Hello
Today is my 1st day with PVSRA sysyem....i was trading in tokyo and london session .....i have learnt more today.. still studying pvsra system. its going to be very interesting..

here the results...

(im still reading thred post one by one.... .. However I need to learn ....)
I appreciate advises Mr CG and his friends...Thank you all..
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  • #12,305
  • Feb 8, 2018 11:34am Feb 8, 2018 11:34am
Quoting darshana1991
Hello Today is my 1st day with PVSRA sysyem....i was trading in tokyo and london session .....i have learnt more today.. still studying pvsra system. its going to be very interesting.. here the results... (im still reading thred post one by one.... .. However I need to learn ....) I appreciate advises Mr CG and his friends...Thank you all.. {image} {image} {image}
Good start, but please post our PVSRA charts using our Trade indicator showing entries and exits....nothing more needed allowing traders to review and give helpful suggestions....

Cigarguy
Keep It Simple
  • #12,306
  • Edited 12:35pm Feb 8, 2018 11:47am | Edited 12:35pm
Quoting darshana1991
Hello Today is my 1st day with PVSRA sysyem....i was trading in tokyo and london session .....i have learnt more today.. still studying pvsra system. its going to be very interesting.. here the results... (im still reading thred post one by one.... .. However I need to learn ....) I appreciate advises Mr CG and his friends...Thank you all.. {image} {image} {image}
Hm ... better you close MT4 and take pencil. You must sort things out. What are your CRV? You have -40 Pips and you take Profit 2-8 Pips. Why you make this? If you want trade it this way you get under heavy pressure. You must have a hit rate many higher as 50%.
What you want to reach in one day, one week and in a month? Be sure you build no dream castle. Stay realistic.

Do all the calculations you need to trade with your capital you have.

I know first steps are not easy. Do not rush in action without build basics.

One thing i have also noticed is that you trade many pairs. What about reduce this and watch one or two pairs closer?
Perfection is the enemy of good enough!
  • #12,307
  • Feb 8, 2018 8:21pm Feb 8, 2018 8:21pm
Quoting Vape
{quote} Hi czg, Good spot and what you've said makes sense and could have been a good trade, but, if we check the M5 TF we'll see a difference picture. Where you've marked off the yellow area, price does indeed form a bullish candle breaking through the dragon with notable volume, followed by a period of consolidation and a bearish candle with notable volume. - Looks like a good short.... But if we check the dragon, we can see its flat and actually almost pointing up (above 3 o'clock). Ideally, we always want to be entering the market when the dragon...
I really appreciate your great explanation and illustration.
I need to read and practice them again and again.

Also thanks to others' suggestions and especially h2y's effort to make Vape's explanation a PDF.
  • #12,308
  • Feb 8, 2018 8:33pm Feb 8, 2018 8:33pm
+5 USDJPY

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  • #12,309
  • Feb 8, 2018 9:26pm Feb 8, 2018 9:26pm
Quoting cigarguy
{quote} Good start, but please post our PVSRA charts using our Trade indicator showing entries and exits....nothing more needed allowing traders to review and give helpful suggestions.... Cigarguy
SIR CG,
Ok sir ill post using PVSRA chart.... thank you sir...
  • #12,310
  • Feb 8, 2018 9:39pm Feb 8, 2018 9:39pm
Quoting MichaelSch
{quote} Hm ... better you close MT4 and take pencil. You must sort things out. What are your CRV? You have -40 Pips and you take Profit 2-8 Pips. Why you make this? If you want trade it this way you get under heavy pressure. You must have a hit rate many higher as 50%. What you want to reach in one day, one week and in a month? Be sure you build no dream castle. Stay realistic. Do all the calculations you need to trade with your capital you have. I know first steps are not easy. Do not rush in action without build basics. One thing i have also noticed...
Sir
I really appreciate your great explanation .when i lost my real money i learned something.. yesterday i learned that one /two pairs is good for trading as you said.. are there any special pairs trading on London session? and also need to know about Stop loss... I really need to practice under your supervision..
  • #12,311
  • Feb 9, 2018 12:35am Feb 9, 2018 12:35am
GBPUSD +7.7

PA above ema 200 and 50 is buy zone so i go for long
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  • #12,312
  • Feb 9, 2018 2:29am Feb 9, 2018 2:29am
UJ M1 +9 Explanation on chart

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  • #12,313
  • Feb 9, 2018 2:40am Feb 9, 2018 2:40am
Quoting Vape
UJ M1 +9 Explanation on chart {image}
Nice trade mate! The volume showed nice positive strengt.
Learn from winners, not from losers
  • #12,314
  • Feb 9, 2018 5:39am Feb 9, 2018 5:39am
EURUSD +6

Very standard trade on the breakout of a clear support, with good bearish momentum. Closed it maybe a bit early, but we are around the bottom of the range.
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  • #12,315
  • Feb 9, 2018 6:22am Feb 9, 2018 6:22am
UJ M1 +5 Explanation on chart

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  • #12,316
  • Feb 9, 2018 6:50am Feb 9, 2018 6:50am
Quoting darshana1991
{quote} Sir I really appreciate your great explanation .when i lost my real money i learned something.. yesterday i learned that one /two pairs is good for trading as you said.. are there any special pairs trading on London session? and also need to know about Stop loss... I really need to practice under your supervision..
I trade eurusd and usdjpy nothing more and this is enough to make profit. No need to stress with more and more charts. Also i have a fixed risk/reward ratio. This means i go for 5 Pips SL or 5 Pips TP. This is my personal choice and you find your traget and stop that suits your plan. So no way to let the trade running massive against me. Look that the price is in position that the SL & TP make sense.

Please take pencil & paper, close MT4 and make the next days a plan with basic calculations. You will do a lot more for your trading as yet jumping in action without done this first. So this really important step!

Some hints, because this is something only you can take advantage off and no other know how good is your trading, how many capital you have and what you want to reach. See you what i mean?

What is the daily risk before stop trading or what is your target before make finish? What about martingale (say 5 trades are complete x% from account, normally you have a hit after the third trade), start over with smaller lot-size after loss of one serie? Or you will ever manage to trade with a hit rate over 50% you can fix SL & TP i wrote earlier. Knowing this take you under pressure.

You see, some things to have build before trading. Only trading without a clue of a plan, is the way to loose over and over again.

Better make a plan that secure your money before have massiv profits in few trades. With more trading time you can optimze your plan too.

Hope you get my points right.

Greets

Michael
Perfection is the enemy of good enough!
  • #12,317
  • Edited 5:12pm Feb 9, 2018 7:09am | Edited 5:12pm
Quoting MichaelSch
{quote} I trade eurusd and usdjpy nothing more and this is enough to make profit. No need to stress with more and more charts. Also i have a fixed risk/reward ratio. This means i go for 5 Pips SL or 5 Pips TP. This is my personal choice and you find your traget and stop that suits your plan. So no way to let the trade running massive against me. Look that the price is in position that the SL & TP make sense. Please take pencil & paper, close MT4 and make the next days a plan with basic calculations. You will do a lot more for your trading as yet...
Thank you Michael,

Good advice.....Make a plan and work your plan...

CG
Keep It Simple
  • #12,318
  • Feb 9, 2018 8:14pm Feb 9, 2018 8:14pm
Quoting MichaelSch
{quote} I trade eurusd and usdjpy nothing more and this is enough to make profit. No need to stress with more and more charts. Also i have a fixed risk/reward ratio. This means i go for 5 Pips SL or 5 Pips TP. This is my personal choice and you find your traget and stop that suits your plan. So no way to let the trade running massive against me. Look that the price is in position that the SL & TP make sense. Please take pencil & paper, close MT4 and make the next days a plan with basic calculations. You will do a lot more for your trading as yet...
I am so grateful to MichaelSch and this thread ,There are many valuable things for me.now i can figure out next week trading plan. I have been scalping on my own and this thread offers some good learning.
I am profitable with PVRSA last week but looking to gain confidence. Im continue practicing to get confidence... im still reading thread and analyze all of your previous trades..Now i stopped to jump system to system... .. This is the system what i always needed.. Thank you all Of YOu... (I have attached my prevous sytems indicators...... I liked its MA...)
Attached File(s)
File Type: rar Green pips statergy.rar   182 KB | 843 downloads
  • #12,319
  • Feb 10, 2018 3:19am Feb 10, 2018 3:19am
Quoting darshana1991
{quote} I am so grateful to MichaelSch and this thread ,There are many valuable things for me.now i can figure out next week trading plan. I have been scalping on my own and this thread offers some good learning. I am profitable with PVRSA last week but looking to gain confidence. Im continue practicing to get confidence... im still reading thread and analyze all of your previous trades..Now i stopped to jump system to system... .. This is the system what i always needed.. Thank you all Of YOu... (I have attached my prevous sytems indicators.........
Good! You will stop jump from system to system. This is big step and i have done this also and know that is tough, because so many avaible. This is the best place i know from and i have test many many things in the past. Crashed more than one real account by using false informations and EAs, many times that was my fault.

All you need is here and do not add much more to it. Look how others trade this method. Many great trades are here posted. Here you find quality posts from really good trader. A few are really so top and stay out from all. I will not name here. But also the new ones get good results after a short time. It speaks for this thread. We want help each other and this with respect. If you watch other threads you know that this can be get out of the road.

I will me not call one of the better trader here, i am also learning day by day from these outstanding postings here. I managed to have build a plan that makes me profits with a hit rate less than 50%. My target is to increase this number and find here good insight how i can this work out
Perfection is the enemy of good enough!
  • #12,320
  • Feb 10, 2018 9:58am Feb 10, 2018 9:58am
I hope ALL have a nice relaxing weekend and be ready to bank some pips next week....

Cigarguy
Keep It Simple
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