PVSRA Scalping with Cigarguy

GU M1 +9 Explanation on chart

UJ M1 +4.1 pips

USDCAD M1 +5 PIPS SHORT

Red candle with notable volume that formed below the key level (whole number 1.30000) that broke the inverted double shoulders.
A series of lower tops with notable volume was also visible.
The trend has been bearish for a long time as well.

EU M1 +4.2 pips

UJ M1 +4.1 pips

Another one from me

UJ M1 +4.4 pips

EURUSD M1 0PIPS broke even

- Two consecutive red candles broke the previous low, so I waited for a retrace and entered.
- Another reason for entering this trade is that I saw a series of lower tops with notable volume.
- The trade went against me and hit my stop loss. I broke even.

EU M5 +50 2 trades

Sorry not really a scalp, but still pvsra. Hope you dont mind CG

Analysis on H1-


Drop down to M5 for entry -

Excellent...

Great ending to your week

EU M1 +5 Explanation on chart

USDCHF CLOSED 20 PIPS

Attached Image (click to enlarge)

EURUSD M1 +5PIPS LONG

- First, I noticed that on M5 PA had broken the 200EMA with a green candle and notable volume
- So, I switched for M1 and looked for an entry.
- The entry came when that green candle formed above the Dragon.

USDCHF CLOSED 14 PIPS

Attached Image (click to enlarge)

EU M1 +6 Explanation on chart

EURJPY CLOSED 20 PIPS



AUDJPY CLOSED 17 PIPS

Attached Image (click to enlarge)

Hi, Informed,
how do u decide that audjpy will fall down more after hit key level?

Most of the time,when currency hits key level, it pushes bit lower / Higher, depends on the market and other currency correlation

did asked u? may sir Informed explain hes decision

FRESH LEVEL BREAK(FLB) VS NONE FRESH LEVEL(NFL)

WHAT IS IT?

A Level break is used to identify the imbalance(Bullish or Bearish) in price but not all level breaks are a good judge of imbalance, we need to be able to make a distinguish between a FLB and a NFL.

A NFL(NONE FRESH LEVEL) would be a level that has been broken before and any break that happens to it again before price breaks another level would be invalid for a trade in that direction of the break.

A FLB then would be the break of a level that has not been broken before which would qualify a trade in that break direction.
In the picture below we can see price above the whole level but notice how price broke the Level the day before and begins to rest on top of the Level.



If this Whole Level would be broken on the down side it would not be a FLB because it would have been a NFL before the break since it was already broken before and no new other Levels were broken after the break to re-qualify the whole level for a fresh level break.

This means you can only have One NFL(NONE FRESH LEVEL), for example if any quarter level was to be broken then the Whole Level will cease being a NFL(NONE FRESH LEVEL) and become a Fresh level again and become subject to becoming a FLB if price breaks it.

WHY IT HAPPENS?

This happens because the price level was used for a bullish imbalance and if price comes below the level or near it, it would usually be to accumulate left over orders then carry on with the bullish move.



This is the basic of it... The entries always differ as with trading style

PVSRA and Patience
Informed

it would be not better entry on break after FLB?