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PVSRA Scalping with Cigarguy

  • #12,901
  • May 16, 2018 9:12am May 16, 2018 9:12am
Quoting Vape
{quote} Great entry! I tried to get on the same but had already moved to fast!
Incredibly fast. I saw the setup coming, just waited for the candle to have notable volume (notable as in green). Thank you!
  • #12,902
  • May 16, 2018 9:14am May 16, 2018 9:14am
I love the helpful communication here as TRADERS HELPING TRADERS. .
Keep It Simple
  • #12,903
  • May 16, 2018 10:21am May 16, 2018 10:21am
Quoting RaysJourney
{quote} See here: {image} I see the same issue on Vape's chart compared to mine. Probably due to the different brokers. .
Yes, I have noticed that too and I believe it is due to the fact that we use different brokers.
  • #12,904
  • May 16, 2018 7:10pm May 16, 2018 7:10pm
Quoting robmagario
{quote} Yes, I have noticed that too and I believe it is due to the fact that we use different brokers.
In reference to volume bars; Go into indicator and read notes if using the original indicator prior to the updated release.

CG
Keep It Simple
  • #12,905
  • Edited May 17, 2018 12:02am May 16, 2018 11:51pm | Edited May 17, 2018 12:02am
Trade #15 | EU 1M | 0.40 size | - 3 pips | = - 12.35 Euro

Here is what I saw:

- Price breaking 1.18250 key level with high momentum
- Price retracing back to 200/233 EMA
- Pinbar on the 200/233 EMA, followed by a huge bullish candle with notable volume, engulfing multiple candles and breaking above dragon
- Since it is Asian session, I reckon that a quick retracement might happen after that bulish candle, and it did. Then I entered long.
- Price had only 2 pips follow through and I got taken out. SL was below minor trendline

Feedback would be appreciated.

EDIT: It seems that I just traded against the 1H dragon again as price hit it at the same level as the daily open where it got rejected... I saw it before my trade entry but I thought that after a deeper retrace, 5 pips would still be possible. I guess I've lost enough pips trading after a 1H bounce off the dragon. Lesson now really learned!

Attached Image (click to enlarge)
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  • #12,906
  • May 17, 2018 12:03am May 17, 2018 12:03am
Quoting RaysJourney
Trade #15 | EU 1M | 0.40 size | - 3 pips | = - 12.35 Euro Here is what I saw: - Price breaking 1.18250 key level with high momentum - Price retracing back to 200/233 EMA - Pinbar on the 200/233 EMA, followed by a huge bullish candle with notable volume, engulfing multiple candles and breaking above dragon - Since it is Asian session, I reckon that a quick retracement might happen after that bulish candle, and it did. Then I entered long. - Price had only 2 pips follow through and I got taken out. SL was below minor trendline Feedback would be appreciated....
If you look at the higher time frame price is in a correctional stage...meaning it's retracing before rocketing up again. I think you should wait a bit longer before going long. Probably after price hits support and bounce back up again. Just my 2 cents.
~I'll take 5 pips or whatever I can~
  • #12,907
  • May 17, 2018 12:06am May 17, 2018 12:06am
Quoting Ropoy
{quote} If you look at the higher time frame price is in a correctional stage...meaning it's retracing before rocketing up again. I think you should wait a bit longer before going long. Probably after price hits support and bounce back up again. Just my 2 cents.
Yes that seems about right. I just keep thinking to myself that "it's just 5 pips", thus, disregarding some higher time frame analysis (I just check 5 and 15M but now starting to monitor 1H too). But it seems to be very important nonetheless. Thanks for your 2 cents :-)
  • #12,908
  • May 17, 2018 2:15am May 17, 2018 2:15am
USDJPY M1 +4.5PIPS LONG

After PA broke the key level with a huge green candle and notable volume, I waited until a retrace back to Dragon and entered long.
Got my target and exited.
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  • #12,909
  • May 17, 2018 3:12am May 17, 2018 3:12am
UJ M1 +5 Explanation on chart

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  • #12,910
  • May 17, 2018 5:22am May 17, 2018 5:22am
EJ avg +5


EU avg -2.5


GJ avg +5
Attached Image(s) (click to enlarge)
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  • #12,911
  • May 17, 2018 5:28am May 17, 2018 5:28am
EURUSD +14

Tricky price action during this morning, but the price seemed to point to a bearish pattern in the end. Price bounced off a minor trendline, before going very fast southwards, breaking the pivot line, RWL and the Daily Open with great volume. I got in after a retrace to the Do, with the SL just above the PP/RDL. Closed when price struggled at the 10 level. I think it will go lower, but as I said, tricky day.
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  • #12,912
  • May 17, 2018 5:56am May 17, 2018 5:56am
Notable CT
GJ +6

aimed at dragon, content with 6 due to an appointment
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  • #12,913
  • May 17, 2018 6:19am May 17, 2018 6:19am
EU M1 -4 Explanation on chart

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  • #12,914
  • May 17, 2018 6:22am May 17, 2018 6:22am
Quoting Vape
EU M1 -4 Explanation on chart {image}
The setup actually looks fantastic. I'm confused why this didn't work out.
  • #12,915
  • May 17, 2018 7:13am May 17, 2018 7:13am
GU M1 +6 Explanation on chart

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  • #12,916
  • May 17, 2018 7:14am May 17, 2018 7:14am
Quoting RaysJourney
{quote} The setup actually looks fantastic. I'm confused why this didn't work out.
Dragon was pretty flat at that time. Probably wasn't a very good entry.
  • #12,917
  • May 17, 2018 7:35am May 17, 2018 7:35am
Quoting Vape
{quote} Dragon was pretty flat at that time. Probably wasn't a very good entry.
Also, the high volume red candle where you entered was the new hour start. That's not very reliable as a PVSRA signal in my experience.
  • #12,918
  • May 17, 2018 7:36am May 17, 2018 7:36am
UJ M1 +4.7 Explanation on chart

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  • #12,919
  • May 17, 2018 7:37am May 17, 2018 7:37am
Quoting the3mp
{quote} Also, the high volume red candle where you entered was the new hour start. That's not very reliable as a PVSRA signal in my experience.
Ahh, thanks, Didnt even realise it was a new hour.
  • #12,920
  • May 17, 2018 9:38am May 17, 2018 9:38am
What a weird day... so many tops and bottoms left alone with 30-40 pips moves up and down on all the main pairs, almost no retraces during these moves... Really a tricky day.
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