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PVSRA Scalping with Cigarguy

  • #13,601
  • Jan 17, 2019 3:06am Jan 17, 2019 3:06am
Quoting eddie777
{quote} HELLO VAPE LOVE YOUR EXPLANATION I REALLY APPRECIATE YOU AND CIGARGUY NAD FEW OTHERS FOR THIS I JUST STARTED TO FOLLOW AND READ AS MUCH AS I CAN ONE QUESTION ON THE VOLUME BAR DOES IT HAVE TO BE LONG BAR WEATHER GREEN OR RED IN ORDER TO ENTER A TRADE OR IF ITS SHORT AND GREEN OR RED CAN WE ENTER IT OR NO WHEN ALL OTHER THINGS LINE UP ? AGAIN THNX FOR THE DETAIL EXPLAINATION ON THE CHARTS. ALSO IS M1 THE BEST OR M5 TO SCALP THE 5 PIPS ? THNX
Hi Eddie. No, volume bars don't necessarily have to be long or short in order to enter a trade, they don't even have to be 'notable'. But what we can do is use volume as confirmation as to what the MM's are up to and not always as buy/sell signals. Where volume is at its highest or most 'notable' i.e. at highs or lows in price is a good indication as to what the market will do next. Yes, we can enter when other things line up but have no volume.

Most of us here trade the M1 chart but we use the higher time frames as confirmation in trend etc. I think the best thing to do while starting out is take trades as close to the dragon as possible. Price always returns to the dragon on all time frames and trades at/around the dragon tend to have the highest probability of success.

Thanks.
  • #13,602
  • Jan 17, 2019 6:20am Jan 17, 2019 6:20am
Quoting Vape
{quote} Hi Eddie. No, volume bars don't necessarily have to be long or short in order to enter a trade, they don't even have to be 'notable'. But what we can do is use volume as confirmation as to what the MM's are up to and not always as buy/sell signals. Where volume is at its highest or most 'notable' i.e. at highs or lows in price is a good indication as to what the market will do next. Yes, we can enter when other things line up but have no volume. Most of us here trade the M1 chart but we use the higher time frames as confirmation in trend...
Excellent...
Keep It Simple
  • #13,603
  • Edited 7:59am Jan 17, 2019 7:22am | Edited 7:59am
Quoting Vape
{quote} Hi Eddie. No, volume bars don't necessarily have to be long or short in order to enter a trade, they don't even have to be 'notable'. But what we can do is use volume as confirmation as to what the MM's are up to and not always as buy/sell signals. Where volume is at its highest or most 'notable' i.e. at highs or lows in price is a good indication as to what the market will do next. Yes, we can enter when other things line up but have no volume. Most of us here trade the M1 chart but we use the higher time frames as confirmation in trend...
Vape.....Excellent trader/scalper....ALL should study his charts and explanations to become a proficient PVSRA scalper...

I have been in the game for years and often gleam gold nuggets from his trades. Upon my retirement our thread would have died if not for Vape stepping up and taking the lead sharing his charts and insightful explanations.

My grateful thanks to Vape and ALL joining our thread and sharing as TRADERS HELPING TRADERS keeping our scalping method alive and profitable for many...
Keep It Simple
  • #13,604
  • Jan 17, 2019 12:21pm Jan 17, 2019 12:21pm
Quoting Vape
{quote} Hi Eddie. No, volume bars don't necessarily have to be long or short in order to enter a trade, they don't even have to be 'notable'. But what we can do is use volume as confirmation as to what the MM's are up to and not always as buy/sell signals. Where volume is at its highest or most 'notable' i.e. at highs or lows in price is a good indication as to what the market will do next. Yes, we can enter when other things line up but have no volume. Most of us here trade the M1 chart but we use the higher time frames as confirmation in trend...

Thank you Vape one thing im trying to understand in " notable" volume can you explain that part plz by me looking at your charts i see the volume bar wether green or red long bars and wehn i hover my mouse on those bard i see the contract size so that the part trying to understand
  • #13,605
  • Jan 17, 2019 10:31pm Jan 17, 2019 10:31pm
Dow after spike scalping, +70.5 pips
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  • #13,606
  • Jan 17, 2019 10:37pm Jan 17, 2019 10:37pm
Quoting RisingSun
Dow after spike scalping, +70.5 pips {image}
Nice catch...
Keep It Simple
  • #13,607
  • Jan 17, 2019 11:38pm Jan 17, 2019 11:38pm
Quoting cigarguy
{quote} Nice catch...
Thanks cigarguy
Akria
  • #13,608
  • Edited 4:25am Jan 18, 2019 4:10am | Edited 4:25am
EU M1 +6 Explanation on chart

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  • #13,609
  • Jan 18, 2019 4:23am Jan 18, 2019 4:23am
Quoting eddie777
{quote} Thank you Vape one thing im trying to understand in " notable" volume can you explain that part plz by me looking at your charts i see the volume bar wether green or red long bars and wehn i hover my mouse on those bard i see the contract size so that the part trying to understand
From TAH regarding the volume indicator we use:
This indicator creates PVA Volumes to be used together with the PVA Candles indicator.

Special colors are used for candles and corresponding volume bars when notable situations
occur involving price and volume, hence PVA (Price-Volume Analysis). The criteria for the
special colors used are as follows.

Situation "Climax"
Bars with volume >= 200% of the average volume of the 10 previous chart TFs, and bars
where the product of candle spread x candle volume is >= the highest for the 10 previous
chart time TFs.
Default Colors: Bull bars are green and bear bars are red.

Situation "Volume Rising Above Average"
Bars with volume >= 150% of the average volume of the 10 previous chart TFs.
Default Colors: Bull bars are blue and bear are blue-violet.

If you hit F4 while you have your MT4 open you will go to Meta Editor. From there if you click indicators on the left in navigator you will be able to read more details written by Trader At Home, about all the pvsra indicators, what they mean and how to use them. There's a lot of info regarding volume... all written by the guy that created pvsra, he can explain much better than I can.

Thanks.
  • #13,610
  • Jan 18, 2019 7:26am Jan 18, 2019 7:26am
To those new to our thread and PVSRA scalping......Please start at Post 1 as links are provided to our original thread where all is explained.
Keep It Simple
  • #13,611
  • Jan 18, 2019 11:40am Jan 18, 2019 11:40am
EJ +3

- Price didn't break dragon with notable volume candle & 200 EMA
- PA making LH & HH
- Price also bounced away from dragon on M5 TF
- Closed at previous high

Attached Image (click to enlarge)
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Have a nice weekend all
  • #13,612
  • Jan 18, 2019 12:47pm Jan 18, 2019 12:47pm
Quoting cigarguy
EUR/USD M1.....+314 Got caught pre-NY in this ranging and lots of work scalping out of this one.......Not fun at all......should have know better been retired and away from scalping too long......Not by the book scalping totally discretionary digging out from big DD's....... {image} {image}
Attached Image
hello cigar guy...the boxes that i mark is use for??mind to share the file??tq
Know The Presence Of The Market
  • #13,613
  • Jan 18, 2019 1:32pm Jan 18, 2019 1:32pm
Quoting jesxrussel
{quote} {image} hello cigar guy...the boxes that i mark is use for??mind to share the file??tq
would be great if dear @cigarguy share these high TF background candles for M1 or so.. TF's
Nothing fucks you harder than Time
  • #13,614
  • Jan 18, 2019 1:32pm Jan 18, 2019 1:32pm
Quoting jesxrussel
{quote} {image} hello cigar guy...the boxes that i mark is use for??mind to share the file??tq
I think your referring to the M CANDLE indicator set for 60 minutes in the paper clip..
Keep It Simple
  • #13,615
  • Jan 18, 2019 1:44pm Jan 18, 2019 1:44pm
Cigar sir,please direct me to, which one is the latest template of this strategy?
  • #13,616
  • Jan 18, 2019 3:05pm Jan 18, 2019 3:05pm
Quoting T4Trade
Cigar sir,please direct me to, which one is the latest template of this strategy?
Go to post 1, where updates and latest versions can be found. This is a norm of FF thread.
Cheers,
RS
  • #13,617
  • Jan 19, 2019 2:08am Jan 19, 2019 2:08am
Quoting RisingSun
{quote} Go to post 1, where updates and latest versions can be found. This is a norm of FF thread. Cheers, RS
I'm smarter than average trader,i already checked it on page 1 and the last update dated 2016,is there no update afterwards? seriously? if that is true,I am so glad that this strategy is working.Thanks to Cigarguy sir.
  • #13,618
  • Jan 20, 2019 9:25am Jan 20, 2019 9:25am
Quoting cigarguy
{quote} I think your referring to the M CANDLE indicator set for 60 minutes in the paper clip..
mind to share the file...??tq
Know The Presence Of The Market
  • #13,619
  • Jan 20, 2019 9:52am Jan 20, 2019 9:52am
Quoting jesxrussel
{quote} mind to share the file...??tq
ALL is in the above paperclip...or look at my files...
Keep It Simple
  • #13,620
  • Jan 20, 2019 11:02am Jan 20, 2019 11:02am
Quoting cigarguy
{quote} ALL is in the above paperclip...or look at my files...
thanks mate...
Know The Presence Of The Market
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