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PVSRA Scalping with Cigarguy

  • #12,721
  • Apr 23, 2018 10:36am Apr 23, 2018 10:36am
Hi Cigarguy, and fellow scalpers. Stumbled upon this thread while trying to find volume indicators, something that i use heavily in futures trading, but seems to be disregarded in Forex due to it not being centralized as I understand.

Anyways I had a go at your template and wanted to post my trade here, feedback appreciated .

Short GU 5M +20 pips (2 trades)

Price rejection at half level with high activity...retrace to 'dragon' then broke the half level with high activity. Waited for retrace to dragon then entered on break as soon as bar went red for high activity. FIFO as i feel the move is exhausted for today.

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-04-23 at 16.25.31.png Size: 283 KB




I'm going to ask a few questions here to make sure im understanding right, there is lots of stuff im reading through on the PVSRA thread, and this thread seems more to be examples. Firstly, from what i gather one of the best ways to trade this is to identify a trend during LO/NYO, wait for consolidation at levels/dragon and then entering on a continuation break preferably with volume. The PVA colours don't indicate buy or sell volume, so it's making sure your on the right side when the volume increases. Is this correct?


Thanks for your time and patience, hopefully i don't set anybody off with rookie questions.

Green pips all .

-Canning
  • #12,722
  • Apr 23, 2018 10:47am Apr 23, 2018 10:47am
Quoting Canning34
Hi Cigarguy, and fellow scalpers. Stumbled upon this thread while trying to find volume indicators, something that i use heavily in futures trading, but seems to be disregarded in Forex due to it not being centralized as I understand. Anyways I had a go at your template and wanted to post my trade here, feedback appreciated . Short GU 5M +20 pips (2 trades) Price rejection at half level with high activity...retrace to 'dragon' then broke the half level with high activity. Waited for retrace to dragon then entered on break as soon as bar went...
Fast answer, because i am in short offline. Do not take to many things in account you will get no more "secure" trade. You will never get this.
This for sure a great entry model. I trade away from dragon in M5 and finetune it in M1. You can trade many situations with this, look only what vape is great doing with it. It is something you must pick, something you are comfortable with. In the beginning is good to master one entry model and focus on it. This is my advice.
I am happy with my way trade pvsra away from dragon and this is more my comfort zone. Do not forget build a trading plan and risk management.

Greets

Michael
Perfection is the enemy of good enough!
  • #12,723
  • Apr 23, 2018 10:55am Apr 23, 2018 10:55am
Quoting MichaelSch
{quote} Fast answer, because i am in short offline. Do not take to many things in account you will get no more "secure" trade. You will never get this. This for sure a great entry model. I trade away from dragon in M5 and finetune it in M1. You can trade many situations with this, look only what vape is great doing with it. It is something you must pick, something you are comfortable with. In the beginning is good to master one entry model and focus on it. This is my advice. I am happy with my way trade pvsra away from dragon and this is more my...

Awesome mate thanks for the advice, Trading plan and MM are most important for any trader of course, I usually trade longer term with TDI and CSM which is why it's there, but as I have more time on my hands I said I'll give scalping a go, with small risk of course.

M1 seems to be a bit to much noise for me, I will take your advice and focus on one method, thank you for your help mate.

-Canning
  • #12,724
  • Apr 23, 2018 10:28pm Apr 23, 2018 10:28pm
UJ M5 + 3.8 pips

Greetings bros in PVSRA! This is my successful scalp attempt in M5! Again, in a nutshell, Keep It Simple guys!
Attached Image (click to enlarge)
Click to Enlarge Name: UJ M5 24 April 2018.png Size: 57 KB
~I'll take 5 pips or whatever I can~
  • #12,725
  • Apr 24, 2018 1:06am Apr 24, 2018 1:06am
UJ M1 +3.2 pips

Another one from me
Attached Image (click to enlarge)
Click to Enlarge Name: UJ M1 24 April 2018 2nd trade.png Size: 49 KB
~I'll take 5 pips or whatever I can~
  • #12,726
  • Apr 24, 2018 2:02am Apr 24, 2018 2:02am
EURUSD -5PIPS LONG

Hi everyone,
I restarted trading today. I was always for many months because my dad had terminal cancer, so I went back to Sao Paulo to take care of him.
Unfortunately, he passed away a few days ago. After that, I spent some time in Europe and I am now back to Asia.

I have just started trading a couple of minutes ago. This is my first scalp of the year.

Reasons
- Purple candle failed to break the 200EMA and 233EMA with notable volume

I got stopped at my SL as the trade went against me.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m1-ftt-sweden-ab-2.png Size: 79 KB
  • #12,727
  • Apr 24, 2018 2:45am Apr 24, 2018 2:45am
EURUSD +6
I don't love breakout trades, but this one was too good to pass. Usual Frankfurt fakeout on the up side, then price starts dropping with a very bearish volume pattern. Got in when 1.22 got broken, closed it quick after a good red candle.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m1-pepperstone-limited-2.png Size: 87 KB
  • #12,728
  • Apr 24, 2018 2:54am Apr 24, 2018 2:54am
My condolences, Rob.
  • #12,729
  • Apr 24, 2018 4:02am Apr 24, 2018 4:02am
Quoting the3mp
My condolences, Rob.
Thanks a lot.
  • #12,730
  • Apr 24, 2018 4:16am Apr 24, 2018 4:16am
USDCAD M1 +5PIPS LONG

COUNTER TRADE (CT)
Reasons
- Although PA did make a new low with a red candle, what I observed here was that PA failed to break the 1.28250 key level
- So PA bounced back from that 1.28250 key level with a green candle relatively high volume (higher than the previous ones)
- I waited until it got closer to that level and entered

Got my target and exited.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad-m1-ftt-sweden-ab.png Size: 90 KB
  • #12,731
  • Apr 24, 2018 5:07am Apr 24, 2018 5:07am
GU M1 +5 Explanation on chart

Attached Image (click to enlarge)
Click to Enlarge Name: GU-M1-24-04-18.png Size: 56 KB
  • #12,732
  • Apr 24, 2018 5:10am Apr 24, 2018 5:10am
Quoting robmagario
{quote} Thanks a lot.
Rob,

My sincere condolences...

Good to see you back around

best,
h2y
  • #12,733
  • Apr 24, 2018 6:33am Apr 24, 2018 6:33am
Robmagario It’s terrible to hear about your loss and I express my sincere sympathy to you and your family.

I am glad that you back and will keep a record of the transaction - and wish You manny pips in coming months !!!

kind regards
"Trading require mental flexibility far beyond the scope of most people"
  • #12,734
  • Apr 24, 2018 6:43am Apr 24, 2018 6:43am
EU M1 +6 Explanation on chart

Attached Image (click to enlarge)
Click to Enlarge Name: EU-M1-24-04-18.png Size: 54 KB
  • #12,735
  • Apr 24, 2018 7:46am Apr 24, 2018 7:46am
EURUSD +8

It looks like it's breakout trading day for me
Double top at the weekly pivot level, waited for the price to make lower lows and got in. Closed around round level.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m1-pepperstone-limited.png Size: 87 KB
  • #12,736
  • Edited 8:17am Apr 24, 2018 7:54am | Edited 8:17am
Quoting robmagario
EURUSD -5PIPS LONG Hi everyone, I restarted trading today. I was always for many months because my dad had terminal cancer, so I went back to Sao Paulo to take care of him. Unfortunately, he passed away a few days ago. After that, I spent some time in Europe and I am now back to Asia. I have just started trading a couple of minutes ago. This is my first scalp of the year. Reasons - Purple candle failed to break the 200EMA and 233EMA with notable volume I got stopped at my SL as the trade went against me. {image}
So sorry to hear of your loss. My sincere condolences to you and your family.

Welcome back my friend.....Great to have you back with your trading family.

Cigarguy
Keep It Simple
  • #12,737
  • Apr 24, 2018 8:14am Apr 24, 2018 8:14am
Quoting robmagario
EURUSD -5PIPS LONG Hi everyone, I restarted trading today. I was always for many months because my dad had terminal cancer, so I went back to Sao Paulo to take care of him. Unfortunately, he passed away a few days ago. After that, I spent some time in Europe and I am now back to Asia. I have just started trading a couple of minutes ago. This is my first scalp of the year. Reasons - Purple candle failed to break the 200EMA and 233EMA with notable volume I got stopped at my SL as the trade went against me. {image}
Someday all of us must go. Good we live in love and keep this every day in our hearts. Nobody goes without leave something in this world and so nobody is really gone.
For me the life is a travel with a boat. We start as baby in a port, travel wild water and calm waters. After a long travel we are reaching the last port.

I wish you the best.
Perfection is the enemy of good enough!
  • #12,738
  • Apr 24, 2018 8:31am Apr 24, 2018 8:31am
We truly have gathered so many thoughtful people and traders here in our trading community.

Money comes and goes but considerate friends giving their kindness and support have greater value in times of need.

Cigarguy
Keep It Simple
  • #12,739
  • Apr 24, 2018 10:44am Apr 24, 2018 10:44am
Quoting h2y
{quote} Rob, My sincere condolences... Good to see you back around best, h2y
Hi h2y, thanks a lot! I am also glad to be back here!
  • #12,740
  • Apr 24, 2018 10:45am Apr 24, 2018 10:45am
Quoting Alohamen
Robmagario It’s terrible to hear about your loss and I express my sincere sympathy to you and your family. I am glad that you back and will keep a record of the transaction - and wish You manny pips in coming months !!! kind regards
Thanks Alohamen! Nice to meet you.
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