PVSRA Scalping with Cigarguy

Yes they work well as S/R. ALso, earlier in the thread CG mentions that its best to trade in the same direction as price is while above/below the DO. If price is below DO we want to be looking for sells, if price is above DO we want to be looking for buys. This isn't necessarily a hard rule but it helps with confirmation many times.

EURUSD +5

Kind of a risky trade, as the price has been ranging for hours. Price failed to break below the pivot for the second time with high volume. After that, two big green candles pushed the price up again. I got in after a a high volume, small bar right on the dragon. Closed quickly at +5 because of the tight range, could be the start of a move up.

I love volume pin bars at the right spot. They seem to give such great indications. And you had two there, nice trade Vape!

Break above 10lvl with upward background

GU M1 +6p in 6 minutes

Safer entry for
-first trade would have been after break of DO (where i exited because price did not break DO)
-and for the second trade continuation after notable break of half lvl

GU M1 +5 Explanation on chart

Dear PVSRA traders,

With kind permission of cigarguy, I've created a Telegram group that is made for PVSRA traders. It is not a replacement for the forum, as the forum is still our main meeting point. However, having the possibility to directly chat with each other could contribute to the learning curve and trading experience. It is not mandatory to join as everything is laid out beautifully in this thread. Similar to this thread, only PVSRA content will be discussed in the Telegram group, everything else will be removed.

Here is the link for those who are interested:

https://t.me/PVSRATrading

This group is not meant to discuss what the dragon is, how to add indicators to the chart, what a pin bar is and so on. Please take your time to read through post 1 and get familiar with the core elements of PVSRA (I am lazy as well, but it is worth reading through it).

Cheers.

PS: If possible, please add this link to post 1 so it doesn't get lost.

Trade away from dragon in M5
Volume decreasing while price is going to mid pivot and i enter for long. Take profit and thats it. Keep it simple and do not overthink to much.

Nice trade Michael, good to see you posting again!

My JPY-Trade. I give the complete picture with EUR, for more information.
I saw some heavy S&R in M5 JPY and go for short, while i went long in EUR. In JPY was some trouble for price rushing down. We see heavy attack the R1 in EUR and JPY was in between, but seems going to south to PP.

EURNZD Short +10 pips
I saw 3 big notable volumes short, waiting for retrace to the dragon and went it. Out with +10 pips

Fast trade in EUR ...

i noticed bounce from pivot R2 while on the second way up volume is decreasing. I go short and take profit at dragon.

very well done!

EUR
Some heavy action around DO and heavy S&R in M5. Some huge volume comes in game (want break ema in M5?) and someone want price put down, so i go with this after see reaction on emas in M1.

See here ...



Edit: We have PP reached and now price is around this level. All this volume to go with price to this.
Edit 2: Seems retest on PP are finished
Edit 3: Do not concentrate on tools first, get a clue how market and his bad guys are working against you!

Trade #5 | EU 1M | 0.40 size | +0 pips | = 0 Euro

Here is what I saw:

- Price broke 1.19000 level with high volume
- Waited for retracement to dragon which happend but I couldn't find an entry with confirmation. I saw a green and blue candle, couldn't really interpret it.
- Then high volume candle (red) appears, going away from dragon. I entered at the tip of the candle, pretty poor position
- Went into slight DD, then another purple volume candle appears that seemed to have left a wick. I though that this could be a sign of stopping volume, thus turning price from there. Out of fear, I exited quickly which resulted into break even.
- Target would have been reached (5 pips) not sure if I played it right, but I decided to preserve my capital. Especially it was 2 minutes before London open, I overlooked it.



I sadly still lack confidence. Feedback would be appreciated.

Notable rejection whole lvl + ntoable push through dragon and DO

GBPJPY M1 -3p / +10p

EU M1 +5 Explanation on chart

UJ M1 +3 Explanation on chart

New trading week ahead guys! Prepare the weapon!

KEEP IT SIMPLE and follow the Market Makers....Your charts will show you the way......

Don't over think and make a simple method difficult....As a famous General once said "We have seen the enemy..We are the enemy"......even though Forex volume is Broker dependent it still offers insight to MMS INTENTIONS.

Not complicated just FOLLOW THE MONEY..
CG

Trade #6 | EU 1M | 0.40 size | -1.6 pips | = - 7.55 Euro

Trade #7 | EU 1M | 0.40 size | -1.5 pips | = - 7.22 Euro

Seems like I was on the wrong side possibly due to the double top with volume? Hmm ... anyway, here is what I saw:

Trade 6

- Overall trend bullish
- Notable stopping volume at the 200/233 EMA. Then another pinbar with volume (grey but stronger than few other grey bars) on the EMAs.


I put a small SL since I didn't find it necessary putting a 5 pip SL. Got taken out since price moved lower.


Trade 7

- Overall trend bullish
- Notable volume pinbar at the 233 EMA.

SL again held small as it was not necessary going for a 5 pip SL. Got taken out again.

After monitoring many setups and how they behave at the 200/233 EMA, it should have worked out because often it does. Perhaps the odds were not on my side this time.

Feedback is appreciated.