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PVSRA Scalping with Cigarguy

  • #12,821
  • May 8, 2018 8:55am May 8, 2018 8:55am
Quoting Vape
GU M1 +5 Explanation on chart {image}
Nice trade Vape. One quick question (let's assume we don't know what happens on hindsight):

Does anything speak against taking the sell after the red volume candle instead of waiting for a break lower? From your experience, where is the difference? I could test it myself of course but not sure what exactly your factors are for it.

PS: It's lovely to trade when market is trending so nicely as in your image hehe
  • #12,822
  • May 8, 2018 9:06am May 8, 2018 9:06am
EURUSD M1 +5PIPS SHORT

- PA broke the 1.18500 key level with a huge red candle and huge notable volume
- I also noted that last time we reached this key level was Dec/27/2017, so I thought it would be a great opportunity there
- I entered short when PA bounced back to the 25 wgt
- I was a bit wrong because PA bounced back all the way to the key level
- But after all, it went again towards my direction. I got my target and exited
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 67 KB
  • #12,823
  • May 8, 2018 9:45am May 8, 2018 9:45am
Nice scalping and TEAM WORK Guys...
Keep It Simple
  • #12,824
  • May 8, 2018 10:07am May 8, 2018 10:07am
EURUSD +2 short

- Saw 3 notable buying volume crossing the dragon heading RDL and EMA 200
- Also noticed a rejection and entered the trade
- Price is retraced to the dragon and exited with +2

Hope could contributed more to the thread
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 80 KB
  • #12,825
  • May 8, 2018 11:26am May 8, 2018 11:26am
PVSRA Scalpers,

I see that some are adding many USELESS INDICATORS that deviate from our TIME PROVEN SUCCESSFUL PVSRA charts.

Traders, of course, can trade using whatever indicators they wish, but as previously advised many times throughout this thread, ONLY OUR PVSRA CHARTS CONSISTING OF OUR PVSRA INDICATORS SHOULD BE POSTED.

Let us ALL stay consistent and remain true to our time tested method scalping our PVSRA CHARTS OFFERING INSIGHT TO TRADE WITH MARKET MAKERS.

I will not allow for this thread to go the way as most with Traders adding unnecessary lagging indicator clutter to our charts serving no value.

Those that disagree are welcomed to open their own thread.

Cigarguy
Keep It Simple
  • #12,826
  • May 8, 2018 12:16pm May 8, 2018 12:16pm
Hallo PVSRA traders,

While following your nice thread in the background, and seeing alot of nice trades, it's time to get more activily involved.

USDJPY short -5 SL

Reasons for entry:
- M5 in downtrend
- PA didn't break dragon after high volume candle
- Waited for retrace to dragon

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 67 KB


Unfortunately hit SL through high spread (1.7pips)

Have a nice day all

Regards Steef
  • #12,827
  • May 8, 2018 12:23pm May 8, 2018 12:23pm
Quoting Steef
Hallo PVSRA traders, While following your nice thread in the background, and seeing alot of nice trades, it's time to get more activily involved. USDJPY short -5 SL Reasons for entry: - M5 in downtrend - PA didn't break dragon after high volume candle - Waited for retrace to dragon {image} Unfortunately hit SL through high spread (1.7pips) Have a nice day all Regards Steef
Welcome and looking forward to your future contributions....
CG
Keep It Simple
  • #12,828
  • May 9, 2018 4:56am May 9, 2018 4:56am
USDCHF Short +12

See a notable volume breaking the dragon and stopped with a big bullish candle, waiting for retrace to dragon and enter 3 trades.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFM5.png Size: 61 KB
  • #12,829
  • May 9, 2018 5:59am May 9, 2018 5:59am
EURUSD +8

Classic setup. Bullish trend since Lo, price breaks the previous top with high volume. Waited for a small retrace and entered. Closed at quarter level, might have held to 1.880 (daily pivot).
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m1-pepperstone-limited.png Size: 82 KB
  • #12,830
  • May 9, 2018 6:21am May 9, 2018 6:21am
Quoting the3mp
EURUSD +8 Classic setup. Bullish trend since Lo, price breaks the previous top with high volume. Waited for a small retrace and entered. Closed at quarter level, might have held to 1.880 (daily pivot). {image}
Nice trade the3mp

Is it gut feeling or how can you tell how far it could retrace? Any reasons why not wait until it goes back to dragon? Also, which indicator do you use that marks these levels in yellow? Looks interesting. I think Vape uses the same if I am not mistaken (or you got it from him, not sure).

Cheers
  • #12,831
  • May 9, 2018 6:33am May 9, 2018 6:33am
Quoting RaysJourney
{quote} Nice trade the3mp Is it gut feeling or how can you tell how far it could retrace? Any reasons why not wait until it goes back to dragon? Also, which indicator do you use that marks these levels in yellow? Looks interesting. I think Vape uses the same if I am not mistaken (or you got it from him, not sure). Cheers
Hi, here is the indicator, hope it helps
Attached File(s)
File Type: ex4 SweetSpotsGOLD_TRO_MODIFIED_VERSION v2.1.ex4   14 KB | 392 downloads
  • #12,832
  • May 9, 2018 6:34am May 9, 2018 6:34am
EU M1 +8 Explanation on chart

Attached Image (click to enlarge)
Click to Enlarge Name: EU-M1-09-05-18.png Size: 47 KB
  • #12,833
  • May 9, 2018 6:37am May 9, 2018 6:37am
Quoting atoue
{quote} Hi, here is the indicator, hope it helps {file}
Thank you atoue!
  • #12,834
  • May 9, 2018 6:37am May 9, 2018 6:37am
Quoting Vape
EU M1 +8 Explanation on chart {image}
Ah damn! I was thinking about taking that exact trade but the thing that held me back was the price returned under the key level again so I was not sure if it was now a break or not ... but lesson learned. Nicely done Vape!
  • #12,835
  • May 9, 2018 11:04am May 9, 2018 11:04am
Trade #4 | EU 1M | 0.40 size | + 5, +6 pips | = 15.38 Euro

Finally I am pulling the trigger again. Been monitoring for two days and learning while skipping great trades hehe. Anyway, here is what I saw:

- Strong bearish push, breaking Dragon, 200/233 EMA as well as previous higher lows.
- Retrace to Dragon
- Pin with volume on dragon

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 96 KB


Took out 0.35 at 5 pips and I let the rest run (0.05 on break even). After the trendline break, I put my SL above the TL. Since I am still an emotional trader, I saw a strong push towards the TL and I closed my final position at 6 pips. Reason as well is that we were in a tested supply/demand on the M5 and I thought it will turn back bullish from there. Well, as usual, I miss a nice move down if I had just left my SL above the TL and not touch the trade. Something I truly work on as well, besides mastering PVSRA.

Feedback is always appreciated.
  • #12,836
  • May 9, 2018 11:29am May 9, 2018 11:29am
Quoting RaysJourney
Trade #4 | EU 1M | 0.40 size | + 5, +6 pips | = 15.38 Euro Finally I am pulling the trigger again. Been monitoring for two days and learning while skipping great trades hehe. Anyway, here is what I saw: - Strong bearish push, breaking Dragon, 200/233 EMA as well as previous higher lows. - Retrace to Dragon - Pin with volume on dragon {image} Took out 0.35 at 5 pips and I let the rest run (0.05 on break even). After the trendline break, I put my SL above the TL. Since I am still an emotional trader, I saw a strong push towards the TL and I closed...
Good catch!
  • #12,837
  • May 9, 2018 2:47pm May 9, 2018 2:47pm
Yo guys, been a while since I posted here as scalping is not my main method st the moment although I do still drill down to m5/m1 for entries on my longer holding trades.

Here I have some longer term gold longs well in profit but saw a good opportunity to make some pips in the opposite direction this afternoon. Gold has been in a range between 1305-1317 ish for the last week or so. Noticed it was towards the top of the range so shorted for a nice +40 pips. Granted this was a trade that was open for around 1 hour buy still a scalp in my book. I moved SL down every 10 pips or so to protect some profits. Closed at 200ema

Attached Image (click to enlarge)
Click to Enlarge Name: IMG-20180509-WA0002.jpg Size: 166 KB
  • #12,838
  • May 9, 2018 9:34pm May 9, 2018 9:34pm
Quoting Vape
{quote} Yes DO is daily open, WO is weekly open.
Do you use the DO and WO as a key level similar to the other key levels?
  • #12,839
  • May 10, 2018 1:16am May 10, 2018 1:16am
USDCAD M1 -5PIPS LONG

It was a very silly mistake. I thought there was still space for another bullish breath, but I was wrong.
This is what I get for going against the overall trend, which was bearish!
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM1.png Size: 83 KB
  • #12,840
  • May 10, 2018 3:34am May 10, 2018 3:34am
UJ M1 +5 Explanation on chart

Attached Image (click to enlarge)
Click to Enlarge Name: UJ-M1-10-05-18.png Size: 48 KB
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