PVSRA Scalping with Cigarguy

Appreciate your posts but the red highlight is hard on the eyes.......i need sunglasses ......

CG

Hahaha okay, hopefully a lighter red is better. Otherwise I'll stop highlighting. For me it's just visually appealing to see green/red trades.

Trade #8 | UJ 1M | 0.40 size | +2.2 pips | = + 3.72 Euro

Here is what I saw:

- UJ bullish since Frankfurt open
- Break of 109.500 level
- Retrace to dragon, push up with notable volume

Price stalled and didn't go anywhere. To be frank, I was expecting momentum. I was afraid that the trade could turn against me due to the double top again (as in trade 6 and 7), so I exited with a small profit (took out 0.35 and put the rest to break even). Also, overall volume was decreasing which made me insecure about my decision.

Feedback is appreciated.

GU M1 +5 Explanation on chart

GU M1 +5 Explanation on chart

EU M1 +5 Explanation on chart

EURUSD M1 0pips break even

I spotted that strong rejection with a red candle and notable volume.
PA didn't reach my target and started to go against me.
I ended up reaching my SL that at that time I had already moved to break even.

The way you pull out trades in a 10 pips-range day is amazing

If necessary Lighter colors easier on the eyes.....Thanks
CG

Trade #9 | GU 1M | 0.40 size | +2.1 pips | = + 5.85 Euro

Trade #10 | GU 1M | 0.40 size | + 0 pips | = 0 Euro

A very nerve-wrecking trade. Trade 9 got almost stopped out .. there was just 1 point in between the price and my 5 pip SL. And I also learned that the daily open is a strong area and it is not advised to trade against it. Anyway, here is what I saw:

- Strong bearish push, breaking 1.35500 level
- Retrace to dragon. I was a little impatient and took the trade straight away after believing that price is leaving a candle pin bar with higher volume before the candle close. I was wrong and price continued going against me
- Once price went against me, I realized that it is not smart trading against the daily open. Instead, I should keep looking for buys. Major mistake?
- Price almost takes me out, but then a red strong volume candle engulfs the previous 7 candles. I entered a 2nd position, giving me confidence that this will go as it bounces off the key level that has been broken previously (trade #10)
- Another red candle follows, but left a wick ... I was not sure if that is stopping volume or not. Price went against me again with two positions now. Pretty bad drawdown.
- Price returned higher and then dropped straight back. I was in profit but then I saw a purple candle, leaving a wick, not being able to break below the small support it has built. I then decided to exit.

After my exit, price basically turned back and I was happy with my decision, especially since it was before Frankfurt open (once a new session starts, spreads tends to quickly widen and price could potentially spike. Sadly for me it feels random where it could go if new session opens). I am taking silly trades and skipping obvious trades .. a habit I need to get rid off.

Feedback is appreciated.

EDIT: Well, after Frankfurt open, it went straight to my TP. I couldn't have known.

Discretionary CT
GJ M1 short +2.7

Respect the levels .. see chart

GBPUSD +10

The price bounces on pivot S1, then gets pushed up by the news. After that, it keeps making higher lows, breaking the EMA's with big volume. After a retrace, it bounces on the EMA's with good volume and I got in. Closed when it struggled to break the previous high.

USDJPY M1 +5PIPS LONG

Not much to explain here as this was a very typical PVSRA entry.
- PA broke the 100.000 whole number key level with a huge green candle and very notable volume
- I waited for a retrace to the 25 wgt line and entered long
- Got my target and exited easily

Nice scalping Guys with clean PVSRA charts...
CG

UJ M1 +5 Explanation on chart

Trade #11 | GU 1M | 0.40 size | +5 pips | = + 12.58 Euro

Here is what I saw:

- Price broke 1.35000 and stayed bullish after that
- Dragon seems to be respected the whole time
- After Frankfurt open, I see multiple rejections off Dragon. Then a high volume rejection candle appeared, followed by strong bullish candle with notable volume
- Breaking minor resistance, BUT stopped at last high. I was worried it was a double top, but stuck to the trade nonetheless
- Price reversed, bounced off the minor resistance that turned into support
- Price reached 5 pips TP

After price reached my TP, I took out 0.35 and let 0.05 run on break even. Got taken out shortly after and price seemed to turn.

Feedback is appreciated.

GBPUSD +7

Not much to say, very obvious PVSRA entry, with exit at the previous low.

Yep was monitoring this. Wonderful trade! Too bad that my broker doesn't paint the volume candles like on your or Vape's chart. Still, a very classic setup, simple 5 pips :-)

What you mean doesn't paint the volume candles?

EU M1 +5 Explanation on chart