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PVSRA Scalping with Cigarguy

  • #13,661
  • Feb 11, 2019 4:36am Feb 11, 2019 4:36am
Hello there, this is my first post here and I will be posting and sharing my trade i.e scalping with PVSRA here.
A little story about myself. So I have been following this thread for more than a year now and I have quit trading a few times now but I don't know why I end up trading again and again.
Through the years I've learned to trade using Bollinger Band, Supply and Demand, and of course Scalping with PVSRA.
But I always end up coming back to PVSRA, well maybe because it is free here in Forex Factory haha and I'd say that's the beauty of it and the most important thing is it will bring you GREEN PIPS if you are willing to take the time to UNDERSTAND this art.
I really am thankful that I found this thread. So a very big thanks to Cigarguy Vape and the people that have posted their trades here for everyone to refer and learn. I really can't express how thankful I am to found this gem.

Reason for entry:
1. M5 and M15 has been bearish since last week.
2. Enter sell after the Candlestick Closed and broke the previous support.
TP 4.7 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EU 11-2-2019.PNG Size: 52 KB
  • #13,662
  • Feb 11, 2019 4:46am Feb 11, 2019 4:46am
EJ + 3 pips

Reason for entry: Enter sell after retrace to dragon and CS closed below 200 EMA on M1 and also broke previous minor support.

TP for 3 pips instead of 5 pips as I realize that M5 and M15 dragon is angling up but price end up getting to 5 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 11-2-2019.PNG Size: 60 KB
  • #13,663
  • Feb 11, 2019 5:20am Feb 11, 2019 5:20am
Quoting Vape
EU M1 +5 Explanation on chart {image}
Hi Vape, just wondering, what's the broker you use for trade? I find some difficulties on finding broker with tight spread.
  • #13,664
  • Feb 11, 2019 6:04am Feb 11, 2019 6:04am
Quoting Contadino
{quote} Hi Vape, i'm in the process of studying your charts one by one, thanks for sharing and keep up the good work. I've got a question, i'm sure you will excuse me if it has been answered before... On classical Forex manual and courses, we read that on money management the best R/R ratio is 3:1 but it is greatly reduced for scalpers... i'm sure i read this also in Baby Pips course and other places. Scalpers can go as low as 0,7:1. What is your preferred R:R ratio for PVSRA for consistent profits while scalping? Thank you very much.
Hi, I will usually try to aim for at least 1R, but many times higher. It really depends on how the charts look at the time, Sometimes you can get away with a tight stop of less than 5 pips, other times, you'll need to increase it. I don't often take a trade that's less than 1R, but that's not to say it doesn't work, plenty of people here trade with low RR successfully.
  • #13,665
  • Feb 11, 2019 6:04am Feb 11, 2019 6:04am
Quoting sword2gun
Hello there, this is my first post here and I will be posting and sharing my trade i.e scalping with PVSRA here. A little story about myself. So I have been following this thread for more than a year now and I have quit trading a few times now but I don't know why I end up trading again and again. Through the years I've learned to trade using Bollinger Band, Supply and Demand, and of course Scalping with PVSRA. But I always end up coming back to PVSRA, well maybe because it is free here in Forex Factory haha and I'd say that's the beauty of it and...
Nice trades and explanations!
  • #13,666
  • Feb 11, 2019 6:06am Feb 11, 2019 6:06am
Quoting atoue
{quote} Hi Vape, just wondering, what's the broker you use for trade? I find some difficulties on finding broker with tight spread.
We're not allowed to talk about brokers here in the thread as per FF rules. But you want an ECN broker where you'll find low spreads and pay commission.
  • #13,667
  • Feb 11, 2019 6:48am Feb 11, 2019 6:48am
EU +4 Pips

Reason for entry: Price broke below dragon and 200 EMA with 3 consecutive red candles. Waited for retrace CLOSE to dragon and enter sell after CS closed below red candle the previous red candle.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU M1 11-2-19.png Size: 85 KB
Click to Enlarge Name: EU M5 11-2-19.png Size: 85 KB
  • #13,668
  • Feb 12, 2019 3:04am Feb 12, 2019 3:04am
EU M5 +17 Explanation on chart

Attached Image (click to enlarge)
Click to Enlarge Name: EU-M5-12-02-19.png Size: 51 KB
  • #13,669
  • Feb 12, 2019 3:04am Feb 12, 2019 3:04am
GU M5 +28 Explanation on chart

Attached Image (click to enlarge)
Click to Enlarge Name: GU-M5-12-02-19.png Size: 58 KB
  • #13,670
  • Feb 12, 2019 4:24am Feb 12, 2019 4:24am
GJ + 4.5 pips (very quick TP with less than a minute)

Reason for entry: Enter as CS close and broke previous support.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ 12-2-2019.PNG Size: 45 KB
  • #13,671
  • Feb 13, 2019 4:40am Feb 13, 2019 4:40am
GJ + 4.5 pips

Reason for entry: Enter sell after bearish pin bar with notable volume rejecting 200 EMA. TP as price reached dragon.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ 13-2-2019.PNG Size: 56 KB
  • #13,672
  • Feb 13, 2019 6:08am Feb 13, 2019 6:08am
GU M5 +47 Explanation on chart

Attached Image (click to enlarge)
Click to Enlarge Name: GU-M5-13-02-19.png Size: 64 KB
  • #13,673
  • Feb 13, 2019 7:49am Feb 13, 2019 7:49am
What brokers are people using here? as we are looking for 5-20 pips a trade, spread counts A LOT!

With ICMarkets at the moment.
?
  • #13,674
  • Feb 13, 2019 7:57am Feb 13, 2019 7:57am
Quoting Dumaresq
What brokers are people using here? as we are looking for 5-20 pips a trade, spread counts A LOT! With ICMarkets at the moment.
Literally a few posts above, your question had been asked and answered.
  • #13,675
  • Feb 13, 2019 8:01am Feb 13, 2019 8:01am
Sorry, Should be more diligent, green pips to you Vape!
?
  • #13,676
  • Feb 13, 2019 8:02am Feb 13, 2019 8:02am
EU +5 pips

Reason for entry: Enter sell as CS closed with volume higher than the previous green candle and also reject dragon and closed below whole level.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 13-2-2019.PNG Size: 52 KB
  • #13,677
  • Feb 13, 2019 10:24am Feb 13, 2019 10:24am
Quoting sword2gun
EU +5 pips Reason for entry: Enter sell as CS closed with volume higher than the previous green candle and also reject dragon and closed below whole level. {image}
What is CS?

Quoting Vape
{quote} This is difficult to answer. We don't know. But, what we do know is; Price, volume, support and resistance, together, give us enough information to analyze and trade these markets. Over 80% success rate is not necessary for this strategy to work. Trading is not tantamount to gambling. While gambling, people place bets with odds set by a casino/bookmaker in their favor. While trading, we place bets with odds set by us. A big difference. Focusing on learning htmrw and taking good trades is all you need.
What is htmrw ?
  • #13,678
  • Edited 2:31pm Feb 13, 2019 1:40pm | Edited 2:31pm
Hi,
this is my first post and my first trade on PVSRA.
Unfortunately with a loss.
I take all advice you guys can give to me.
Is this a valid entry?

EURUSD M1 -5 explanation on chart.
Attached Image (click to enlarge)
Click to Enlarge Name: PVSRA1.jpg Size: 188 KB


Also i wanted to ask why even if i've got the last template with all six indicators i don't have the other MA's and the time frames at the top right corner of the chart... do you guys know what do i have to add and how?
  • #13,679
  • Feb 13, 2019 5:31pm Feb 13, 2019 5:31pm
Hi everyone: This is my first post with chart and benefits. Account is demo.

Reason for entry: sell (1) near fibo 23,6. Sell (2) near fibo 38,2 and accumulation over Price 1,13250 or over 1/4 number.

Reason for exit: close orders because near support areas formed by past price action

I appreciate your comments
A hug.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5_13022019_4_1.png Size: 56 KB
  • #13,680
  • Feb 14, 2019 5:12am Feb 14, 2019 5:12am
Quoting Contadino
Hi, this is my first post and my first trade on PVSRA. Unfortunately with a loss. I take all advice you guys can give to me. Is this a valid entry? EURUSD M1 -5 explanation on chart. {image} Also i wanted to ask why even if i've got the last template with all six indicators i don't have the other MA's and the time frames at the top right corner of the chart... do you guys know what do i have to add and how?
Have a overview how the overall trend is, before you do not have a clue about it, do not trade.
EURUSD is strongly bearish last days!

In your picture you see dragon is going down, and black EMA or MA also tend to going down, why not waiting for a setup for short? Scalping as i understood is not trading on every corner with zero knowledge about higher timeframes, scalping is cut short pieces out at right moment and right place.
Keep this in mind.
Perfection is the enemy of good enough!
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