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PVSRA (Price, Volume, S&R Analysis) 7,383 replies

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Attachments: PVSRA Scalping with Cigarguy
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PVSRA Scalping with Cigarguy

Quoting cigarguy
{quote} Read the many posts and decide for yourself....the trader is the key not the system/method. Most traders are looking for the Holy Grail system ..... the trader is the Holy Grail. Cigarguy
Yea I agree. However, it takes 10,000 hrs of practice to become a Mozart of any particular trade. But sometimes we may not have that amount of time.
So I thought it's best to have some wise people's advise before jumping in.

Warren Buffet once said; "It's good to learn from your mistakes. It's better to learn from other people's mistakes."
Quoting cigarguy
{quote} Read the many posts and decide for yourself....the trader is the key not the system/method. Most traders are looking for the Holy Grail system ..... the trader is the Holy Grail. Cigarguy
Yea, I am studying an indicator based system with limited success yet. I believe there are certain things that we could learn from other threads for fine tuning a system. Hope this helps.
Friends, how do I get the indicator that you use to see the graphic on candles in H1, behind the graph in M1. I saw some comments that they call candles2 and drawing, but I can not find it. Could you post here? Thank you
Friends, thank you but I've already figured it out. I was able to install what I needed.
EURJPY M1 -0.3PIPS LONG

I had a great opportunity but I closed it too late.
I should have closed it when that green candle failed to make a new high but I didn't.

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Haven't posted in a while, been very busy with other matters,
had some free time today so scalped GBP/CAD, already reached target
+15.1 pips total

had some premature exits due to stop losses getting snagged by spread..

1. +4.4pips entry slightly late, correct entry candle earlier but instead waited for confirmation of rejection of .50 number..
2. -5.0pips high red col candle rejecting breaking though dragon, exit; spread snagged SL, if not exit here maybe exit for BE or small loss once dragon slope starts going up..
3. +3.7pips rejection from HTF supply and rejection of DO.
4. +2.6pips wick rejection off dragon and 200 EMA. closed this early without waiting for green bar to finish in SZ.
5. +4.9pips as high vol red candle with big upper wick, failing to make HH, also in SZ. closed on touch of 200 EMA with slight lower wick on red vol candle.
6. +5.0pips break through .50 and dragon with good momentum
7. +0.7pips taken on breakout of consolidation at just below dragon, closed once green col candle appeared. (also struggling to break 1.7050)
8. +2.2pips taken for ssame reason as above ^, closed once red vol candle printed with big lower wick ((also struggling to break 1.7050)
9. -3.4 pips, stop loss snagged by spread... good volume and momentum - slope of dragon, and trade taken on expected break of stacked lows (demand running out), was targetting previous lows at 1.7030 area..

not very happy with trading today, left alot of pips on the table, oh well, another day positive haha
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Quoting Fredrik7
Haven't posted in a while, been very busy with other matters, had some free time today so scalped GBP/CAD, already reached target +15.1 pips total had some premature exits due to stop losses getting snagged by spread.. 1. +4.4pips entry slightly late, correct entry candle earlier but instead waited for confirmation of rejection of .50 number.. 2. -5.0pips high red col candle rejecting breaking though dragon, exit; spread snagged SL, if not exit here maybe exit for BE or small loss once dragon slope starts going up.. 3. +3.7pips rejection from HTF...
Very nice explanation!
Quoting Msmaximus
{quote} Very nice explanation!
thank you friend
Quoting Fredrik7
Haven't posted in a while, been very busy with other matters, had some free time today so scalped GBP/CAD, already reached target +15.1 pips total had some premature exits due to stop losses getting snagged by spread.. 1. +4.4pips entry slightly late, correct entry candle earlier but instead waited for confirmation of rejection of .50 number.. 2. -5.0pips high red col candle rejecting breaking though dragon, exit; spread snagged SL, if not exit here maybe exit for BE or small loss once dragon slope starts going up.. 3. +3.7pips rejection from HTF...
Excellent post...
Keep It Simple
-6.3 pips

second entries SL snagged AGAIN by spread, first trade SL snagged by .1 pip...
these are the ones that make me want to rip my hair out haha

was targetting previous low 1.70193..

emergency SL needs to be wider, 3rd SL today snagged by spread / by .1 pip....

thats it for today
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CHFJPY M5 +6.6PIPS LONG SCALP

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Dow scalping Syd-Tko open +69.0 pips
Vol & Candle trigger, One of the best trades thanks to Cigarguy
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+23.4 pips

bit late off the entry, should have been taken on close of first red candle..
rejection from .75 and bearish volume and PA pattern.. entered for a 2nd time to get a better average.. SL was above .75 number
initial target was .50 but closed prematurely because i was stuck with some drawdown and closed after big red vol candle down... ended up going to .25..

-- excuse the slighly different template, im using a 72EMA instead of the dragon as they are basically identical and I'm experimenting with the different visualisation.
-- to me i think 72 EMA usually wrapps round the outer side of the dragon, and incompasses the dynamic S/R.. just my thoughts.. (see 2nd photo) im not trying to take away from the great template that is provided here

aPhong has got me thinking more about what he calls "Bullish & Bearish Price & Volume patterns", and its starting to change my perception , 1st trade taking this into consideration more , thanks all have a good weekend
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+25.6 pips

more of the same above, PA rejecting to push through .75, + bearing PA and Vol. intial target at .50 again where HTF MAs are stacked.. .but happy with 49 pips in less than an hour, london close also incoming,
wont trade any more unless something stands out.
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good exit on HTF MA's as price reversed quick! maybe going to break .75 now
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Quoting Fredrik7
good exit on HTF MA's as price reversed quick! maybe going to break .75 now {image}
great pips! & happy to see the indi works for you!
btw, here is the new Update ... a little Bug with the w1 MA fixed!
Attached File(s)
File Type: ex4 HTF_MAs_aphong.ex4   30 KB | 280 downloads
positive interest or negative interest?
Quoting aPhong
{quote} great pips! & happy to see the indi works for you! btw, here is the new Update ... a little Bug with the w1 MA fixed! {file}
Thank you aPhong for this wonderful tool!
Thought I'd share this PDF I created, was going through friday's GBP/CAD chart doing some work going over PA patterns which I was a bit rusty on..

Again excuse the substitute of the dragon for the 72 EMA (don't want to confuse anyone I'm just trying out the different visualisation, still trading PVSRA afterall).

Some might find this usefull,, have a nice weekend
Attached File(s)
File Type: pdf Price Action Patterns.. - Fredrik7.pdf   9.6 MB | 1,026 downloads
Entered 2 pips above close of Blue candle, after it broke Dragon and retraced. +3.8 pips quick counter-trend trade. Was hoping to hold for 8 pips but price didn't move fast enough for me (especially since it's CT).
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EURJPY M1 , +11pips.

Entered Short after:
- Price broke out of the Dragon, then entered a small consolidation for a Zig-zag.
- Price moved a pip below the previous Red and Green high volume candles
- A long upper wick was being formed in the current Red candle, with just seconds to the candle close.

Took profit at the nearest low where I expected price to reach and bounce. Hands on the mouse ready to manually TP once pips reached > 5 though.
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