PVSRA Scalping with Cigarguy

GBPJPY M1 +7.0

GBPJPY M1 +18.0

GBPJPY M1 +20.0

FIFO scalp
Strong resistance on half number with several good volumes. TP was taken on previous reversal candlestick. Small TP since the CCM is quite the reverse of the currency.

I would gladly hear any feedback. Thank you!

Hi guys. This i my first post here. I don't know I was lucky or I'm starting to get familiar with this PVRSA stuff.

USDJPY 15M long

Despite the fact that the PA was heading downwards and the price was above the half level + 200 MA for me all these small orders looked like MM are loading long positions.
Also I think I saw the dragon pattern here (which further enticed me to act), but not 100% sure. Probably should have held the position a bit longer before the opening in NY but got scared.
Any advices opinions and recommendations are welcome.

EU M1 +5 Explanation on chart

GBPUSD +15

Good brexit news for the pound. The upmove had found some resistance at the pivot line, so I got in after a retrace when it was quite clear that the price would have tested that area again. Closed it at round number.

I like both your entries (this one and the one from the previous post). Only thing, in my opinion, it's very hard to be profitable long term with that TP and that spread.

Hello sir! Thank you for your appreciation and suggestion!

I am putting my TPs level based on several posts of this thread, especially cigarguy's (my sincere gratitude to him for creating this wonderful thread) style of taking TP. 2-6 pips is not that much but with time I believe that my account size will increase. And it's safer that way I suppose
As for the spread, I myself quite surprised spread still exist in this broker's ECN account, not to account the commission too. Even so, I think it is not a problem since the spread is less than 1 pips. Thank you for your reply sir!

I did another entry 6 hours ago.
The entry were made based on: several red volumes; the chart going bearish with the forming of lower highs; pin bar although not supported with good volumes, and; breakout of previous resistance. I was wrong, the entry were right on the edge of false breakout. I waited for the price to move without any SL. What happen next as you can see, the resistance zone were tested several times even with good red volumes which signifies the resistance is quite strong. I had to do cut loss

Please kindly point out anything I missed from this chart since I am still learning. Thank you!

Of course mine was just a suggestion, but even with 1 pip of spread+commission (that is more or less the lowest you can find), a 3 pips TP requires a 4 pips move in your direction. On the other side, 3 pips SL would be 2 pips move. Just bread for thought.

Looking at this other trade, it might help you putting a higher EMA on the chart (like 200). Looking left it appears that the overall trend was bullish, and you entered right on the previous top. Well done cutting the loss short, that's a difficult thing to do.

GBPUSD BE

Price breaks the support with great volume. Waited for a retrace and got in. Risky entry because a big blue candle had come off the half level. CLosed it when also a big volume pinbar appeared.

EURUSD +20
Always great to hit a good breakout.
The price had been rejected 3 times at 1.238/R2. It then went back to pre-news levels very quickly, just to come back up as quick. Guessed that was some kind of SL hunting of all the long positions acquired during the news. Got in after a big green candle and a retrace to the dragon.
The trade is risky, in the sense that it can fail very often with that quadruple top on the left, but the RR makes up for it. Also when it goes well it's always a very quick trade, because a lot of SL's are placed above those highs.

AUDUSD M1 +5.0 explaining on chart

USDJPY M5 +5.0 need able separate market consolidation from trending

EURUSD +4

Big stopping volume on the bottom. After that, price breaks that minor trendline and 1.236 upwards. Closed when price struggled against the DO.

EU M1 +10 Explanation on chart

UJ M1 +10 Explanation on chart

EURUSD M1 -6.0

EURJPY M1 -7.0 finish for today

G/U + 4

M15 : DBl top formed and big red vol bar broke through dragon and half lvl

M1 : entered on bearish pin bar

Why long when price under dragon on M5 and M15?

There are also no notable vol at the bottom

just my two pence

EURUSD +4

Standard entry after a retrace to quarter level and dragon on a day that has been fully bearish. I usually let that one run, going for a new minimum, but I preferred to close since it's just 30 mins to Lc and there might be some profit taking (never mind the Lc line on the chart, it's off by one hour because of the DST).