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PVSRA Scalping with Cigarguy

  • #12,661
  • Edited 3:05pm Apr 5, 2018 2:52pm | Edited 3:05pm
GU +319.6

Finally, very predicable with a strong Bearish momentum, the LON Close of their GBP finishing with more shorts with closing their books for their London session:

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GN

Regards,

- John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #12,662
  • Edited Apr 6, 2018 8:43am Apr 5, 2018 3:29pm | Edited Apr 6, 2018 8:43am
Oops, I forgot to share this potential watch-list for the AO and JPY Red News for shorts:

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Regards,

John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #12,663
  • Apr 6, 2018 9:24am Apr 6, 2018 9:24am
It would be helpful if these charts had explanations as to why the trades were taken so that we all can learn. Open price, close price.... Traders helping traders......
  • #12,664
  • Apr 6, 2018 11:18am Apr 6, 2018 11:18am
Quoting DrForexMD
{quote} Hi Vape, Coming from you, that is an honor. But honestly, I just repeat the PVSRA-FIFO ideal. I mean no disrespect, but I am far from a teacher of Forex. I just love this FIFO as I shot and close my target rapid fire as the PA moves around the the Dragon, EM50, LSWA25, EM200 and luck as Forex just requires pratice, patience, courage, experience, good leverage, luck, art and yes PRAYER so that I stay-out when there are no real set-ups as per the CG-PVSRA-FIFO. Besides, when I am doing my trading I use tiny 2 Pip TP with 0.03-0.06 Lots with...
Hi Dr.
I am not a regular here and have not posted my trades. However, I thought you might be interested in some outside insight regarding your recent philosophy concerning using a huge stop loss thinking that protects you because "what goes up must come down".

It is working for you right now because since January the USDX has been trading is a relative tight range as seen on the chart. The EURUSD has been in a range of a bit less than 200 pts and in fact what goes up has been coming back down.

As long as it continues to do that your system may work for you. At some point in time the range will be broken and a trend in one direction may develop. When that happens having a huge stop loss in place on multiple trades at the same time has the potential of wiping an account out.

About a year ago I got trapped in a DEMO Account AUDUSD Trade where I had a huge SL in place and eventually wiped the account out. That is when I began to follow the USDX so I could get a better feel for where the Dollar is going. The direction of the dollar determines the direction of dollar based pairs.

I follow the USDX with a demo account at:

http://www.forexltd.co.uk/trade/mt4 (I do not have a live account there.) By doing that I can see what is happening on USD based currencies on a minute to minute basis. Thank you for posting your trades.

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True Grit!
  • #12,665
  • Edited 1:34pm Apr 6, 2018 1:22pm | Edited 1:34pm
USDCAD +5.1 explanation on chart
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  • #12,666
  • Apr 9, 2018 2:28am Apr 9, 2018 2:28am
EurAud quick profit for +27,6 pips.

Explanation on chart.

The analysis of MM's helped me in this trade. EA bullish, EU bearish and AU bearish.
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Give me a lever long enough and a place to stand, and I will move the Earth
  • #12,667
  • Apr 9, 2018 5:25am Apr 9, 2018 5:25am
Quoting artestine
EurAud quick profit for +27,6 pips. Explanation on chart. The analysis of MM's helped me in this trade. EA bullish, EU bearish and AU bearish. {image}

AU is approaching the half number to testify the weakness of the AUD. Didin't take it because I prefered to take the long on EA, But keep an eye to spot occasions for more shorts
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Give me a lever long enough and a place to stand, and I will move the Earth
  • #12,668
  • Apr 9, 2018 9:01am Apr 9, 2018 9:01am
EURUSD +7

Textbook entry, not much to say I think. Closed it when the quarter level rejected three different candles. Still a lot of space on the upside, anyway.
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  • #12,669
  • Apr 9, 2018 10:05am Apr 9, 2018 10:05am
EU M1 +5 Explanation on chart

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  • #12,670
  • Apr 9, 2018 10:14am Apr 9, 2018 10:14am
Quoting Vape
EU M1 +5 Explanation on chart {image}
Very similar, just got in a bit earlier, at the breakout of that last support.
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  • #12,671
  • Apr 10, 2018 3:05am Apr 10, 2018 3:05am
GBPUSD +6.4
dragon inclination is good and price above 200ema and 233ema
bottoms higher and higher
volume start increasing just from 1.41500 key level and dragon.
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  • #12,672
  • Apr 10, 2018 3:20am Apr 10, 2018 3:20am
UJ M1 +6 Explanation on chart

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  • #12,673
  • Apr 10, 2018 3:35am Apr 10, 2018 3:35am
Quoting Vape
UJ M1 +6 Explanation on chart {image}
Nice one, when you have those weird spikes with no follow through, very often the price will go back to the previous level.
  • #12,674
  • Apr 10, 2018 4:07am Apr 10, 2018 4:07am
GU M1 +6 Explanation on chart

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  • #12,675
  • Apr 10, 2018 5:35am Apr 10, 2018 5:35am
GU M1 +7 Explanation on chart

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  • #12,676
  • Apr 10, 2018 6:36am Apr 10, 2018 6:36am
EU M1 +12 Explanation on chart

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  • #12,677
  • Apr 10, 2018 6:54am Apr 10, 2018 6:54am
EU M1 +11.3 See Chart

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  • #12,678
  • Apr 10, 2018 7:48am Apr 10, 2018 7:48am
EU M1 +5 Explanation on chart

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  • #12,679
  • Apr 10, 2018 7:48am Apr 10, 2018 7:48am
UJ M1 +5 Explanation on chart

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  • #12,680
  • Apr 11, 2018 4:41am Apr 11, 2018 4:41am
EU M1 +5 Explanation on chart

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