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PVSRA Scalping with Cigarguy

  • #13,721
  • Feb 26, 2019 2:55pm Feb 26, 2019 2:55pm
Quoting MichaelSch
{quote} Hm...? I think this is the best scalping thread using a good eselection of indicators. You will not found a second thread with so good posts. {image} To your picture, i am able to trade without any indicator only using a fractal ... i draw a circle on the chart, and in it i have two setups. Because it is not free avaible, i can not draw exact. Would it now mean, this here is all time wasting? No, it is a true gift shared by really helpful member. Greets Michael
I agree entirely with you and in the past I traded lower time frames with many indicators. The beauty of trading on a daily chart is that you only need to look at it once a day and decide to enter into a trade or not. Managing the trade is also easier but can only be done using a VPS. This chart shows that I trade an EMA cross 5/8 as indicated by the MACD. This EMA cross is quite good for CFDs but for most currency pairs an EMA cross 10/21 is better. Keep on earning them pips Michael.
  • #13,722
  • Feb 26, 2019 5:05pm Feb 26, 2019 5:05pm
Hats off to you guys,amazing scalping performances.I salute to your confidence,you are playing for small pips but must be higher lots.I wish i could learn scalping like you all. and on top of this that you give explanations as well.
  • #13,723
  • Feb 27, 2019 7:26am Feb 27, 2019 7:26am
EURJPY M1 +5pips long

PA was bearish for 4 hours, had a retrace for 1 hour on H1 and was going bullish again now.
I entered long when several candles failed to break the 233EMA downwards.
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  • #13,724
  • Feb 27, 2019 7:30am Feb 27, 2019 7:30am
Quoting T4Trade
Hats off to you guys,amazing scalping performances.I salute to your confidence,you are playing for small pips but must be higher lots.I wish i could learn scalping like you all. and on top of this that you give explanations as well.
T4Trade, I'm 100% convinced that you can obtain the same results as the majority of the people in FF. Of course you won't obtain good results overnight but with perseverance you will gain more and more confidence and become a very successful trader.
  • #13,725
  • Feb 27, 2019 9:20am Feb 27, 2019 9:20am
EU M1 +8 Explanation on chart

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  • #13,726
  • Feb 28, 2019 5:57am Feb 28, 2019 5:57am
EURUSD m1 +6.6
details in pic
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  • #13,727
  • Feb 28, 2019 7:26am Feb 28, 2019 7:26am
EURJPY M1 -6PIPS LONG

I thought PA would go up but there was still another retracement back to the 233EMA that came along and I lost.
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  • #13,728
  • Feb 28, 2019 8:30am Feb 28, 2019 8:30am
EURJPY M1 +7.9PIPS LONG

This time it worked
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  • #13,729
  • Feb 28, 2019 10:03am Feb 28, 2019 10:03am
ČURJPY M1 +5.6PIPS LONG

Just following the trend. I waited for a retrace back to the Dragon and entered long.
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  • #13,730
  • Mar 1, 2019 3:45am Mar 1, 2019 3:45am
USDJPY M1 +5.6 pips Long

Hello. explanation on chart. Bit risky for me but I still traded anyway because I liked momentum.

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forex is almost zero sum, but more importantly the information is zero sum
  • #13,731
  • Mar 1, 2019 6:53am Mar 1, 2019 6:53am
Quoting skhu
USDJPY M1 +5.6 pips Long Hello. explanation on chart. Bit risky for me but I still traded anyway because I liked momentum. {image}
Well done but never forget that without momentum you don't have a trade.
  • #13,732
  • Mar 2, 2019 11:28am Mar 2, 2019 11:28am
HI
Can anyone convert #5+PVA+Prices+(Black) indicator to ninjatrader indicator
  • #13,733
  • Mar 4, 2019 2:35am Mar 4, 2019 2:35am
Hello

EURUSD M1 -4.2 pips Short

Hello. explanation on chart. I saw PVSRA signs that price was weak but was unsure where to enter, so i entered after i saw the pinbar but was soon after taken out
and my SL hit. Thereafter the price fell nicely. I guess you keep learning from these.

Attached Image (click to enlarge)
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forex is almost zero sum, but more importantly the information is zero sum
  • #13,734
  • Mar 4, 2019 5:31am Mar 4, 2019 5:31am
Quoting skhu
Hello EURUSD M1 -4.2 pips Short Hello. explanation on chart. I saw PVSRA signs that price was weak but was unsure where to enter, so i entered after i saw the pinbar but was soon after taken out and my SL hit. Thereafter the price fell nicely. I guess you keep learning from these. {image}
Hi Mate, nice trade, just unlucky you got stopped on that spike higher. A couple of things to take into consideration for the future, (not being critical, just trying to help):

 

  1. There's a minor H,L,LH,LL pattern that was broken just before you entered the sell. (Explained on the chart below). Although its a minor pattern over a short period of time, its still something to be aware of.
  2. At the time you entered, the dragon and 200MA were pretty much together, which suggests momentum is slow/low. The dragon's also flat/pointing up a little. For sell's we want the dragon to be pointing towards 4-5o'Clock and buys 1-2 o'Clock.
  3. Also be careful while trading at/around Europe open. Price tends to whip around a fair bit during the first hour or so. Its often a good idea to let it 'settle' a little before getting involved.
  4. If you're planning to short and price is above the dragon, its wise to wait for it to break below and then pull back before selling. Price moves like that often, as it did in your chart. But that's easy to say in hindsight.
  5. Finally, you got stopped due to spread. If you can, you should try move to an ECN broker. If you had a lower spread you'd have likely stayed in this and banked some nice pips

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Having said all that, your trade was still great. EU dropped 30 pips or so after you sold.

Hope that helps.
Vape
  • #13,735
  • Mar 4, 2019 6:11am Mar 4, 2019 6:11am
Quoting Vape
{quote} Hi Mate, nice trade, just unlucky you got stopped on that spike higher. A couple of things to take into consideration for the future, (not being critical, just trying to help): There's a minor H,L,LH,LL pattern that was broken just before you entered the sell. (Explained on the chart below). Although its a minor pattern over a short period of time, its still something to be aware of. At the time you entered, the dragon and 200MA were pretty much together, which suggests momentum is slow/low. The dragon's also flat/pointing up a little. For...
Vape,

OUTSTANDING My Friend.....

Cigarguy
Keep It Simple
  • #13,736
  • Mar 4, 2019 8:38am Mar 4, 2019 8:38am
USDJPY M1 +6.5PIPS LONG

zigzag pattern on PVSRA. I waited for a retrace and entered.
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  • #13,737
  • Mar 4, 2019 9:25am Mar 4, 2019 9:25am
Quoting Vape
{quote} Hi Mate, nice trade, just unlucky you got stopped on that spike higher. A couple of things to take into consideration for the future, (not being critical, just trying to help): There's a minor H,L,LH,LL pattern that was broken just before you entered the sell. (Explained on the chart below). Although its a minor pattern over a short period of time, its still something to be aware of. At the time you entered, the dragon and 200MA were pretty much together, which suggests momentum is slow/low. The dragon's also flat/pointing up a little. For...

Hi Vape,

No, really THANK YOU for offering valuable advice. It is greatly appreciated. I'm glad that you took some time to explain how i can trade better.
I have noticed before in many other trades how important H,LLH,LL are I and honestly chose to ignore it this time for which i payed for dearly.
I am realizing how important "momentum" is when trading. I will refine my technique and see if I can do better. At the moment i'm on a demo and will eventually open a ecn account when i have funds to trade with. Thank you for the wise words.

Just as a question: I noticed many times the price moves against momentum. What market mechanics are behind such moves? because as with today's trade you see that the move against momentum was huge. Just curious. Thanks
forex is almost zero sum, but more importantly the information is zero sum
  • #13,738
  • Mar 5, 2019 5:01am Mar 5, 2019 5:01am
Quoting robmagario
ČURJPY M1 +5.6PIPS LONG Just following the trend. I waited for a retrace back to the Dragon and entered long. {image}
Hi Rob,
in one of your youtube videos you say that you need to wait for a breakout of a key level to trade along the trend on PVSRA, also to know if there will be a retrace we must look for patterns in higher tf's.
Is this true every time? Because on this example you just entered on a position without any significant breakout.

Thanks.
  • #13,739
  • Mar 5, 2019 5:25am Mar 5, 2019 5:25am
Quoting Contadino
{quote} Hi Rob, in one of your youtube videos you say that you need to wait for a breakout of a key level to trade along the trend on PVSRA, also to know if there will be a retrace we must look for patterns in higher tf's. Is this true every time? Because on this example you just entered on a position without any significant breakout. Thanks.
Hi Contadino,

According to the original PDF posted here, we cannot know how MMs will move price next. Period.

But we know that MMs like 1/2 levels and quarter levels, etc to accumulate liquidity so that they can plan the next rally.

In that example, I saw that the green candle had broken the 3/4 level.

After that what happened is that you got 2 red candles that failed to break the Dragon downwards.

And we got my favorite pattern, which was a red candle that was followed by a green candle, creating an engulfing pattern.

I really like this engulfing pattern. This one had two colored volume bars (red and green) which were the same height. And if you look at PA you can clearly see the engulfing pattern there. I waited for a small retrace and entered.

Another way to look at this chart would be to see that high volume was being created (5 colored candles) by MMs, which were planning to move PA higher. Support was holding very well above the Dragon.
  • #13,740
  • Mar 5, 2019 5:29am Mar 5, 2019 5:29am
Quoting robmagario
{quote} Hi Contadino, According to the original PDF posted here, we cannot know how MMs will move price next. Period. But we know that MMs like 1/2 levels and quarter levels, etc to accumulate liquidity so that they can plan the next rally. In that example, I saw that the green candle had broken the 3/4 level. After that what happened is that you got 2 red candles that failed to break the Dragon downwards. And we got my favorite pattern, which was a red candle that was followed by a green candle, creating an engulfing pattern. I really like this...
Thanks Rob,
We might want to add that dragon was pointing up, trading above 200MA, and, as you said there was a good volume accumulation.

Nice
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