PVSRA Scalping with Cigarguy | Page 719 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

PVSRA (Price, Volume, S&R Analysis) 8,488 replies

PVSRA Scalping EA 1,290 replies

PVSRA Scalping 13 replies

Scalping M5 with PVSRA / 10pips Daily 64 replies

PVSRA Scalping 0 replies

Attachments: PVSRA Scalping with Cigarguy
Exit Attachments

PVSRA Scalping with Cigarguy

  • #14,361
  • Edited 5:48am May 4, 2020 5:36am | Edited 5:48am
Long USDJPY M1 +3,6 pip .
Attached Image (click to enlarge)
Click to Enlarge Name: Captura de tela em 2020-05-04 09-27-50.png Size: 106 KB
  • #14,362
  • May 4, 2020 5:46am May 4, 2020 5:46am
Long USDCHF M1 + 4.9 pip .
Attached Image (click to enlarge)
Click to Enlarge Name: Captura de tela em 2020-05-04 09-40-15.png Size: 108 KB
  • #14,363
  • May 4, 2020 9:54am May 4, 2020 9:54am
EUR/JPY: + 7.3 pips.
Explanation on chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY-M1-SCALPER.png Size: 44 KB
  • #14,364
  • May 4, 2020 12:51pm May 4, 2020 12:51pm
USD/JPY: + 3.9 pips.
Explanation on chart
Attached Image (click to enlarge)
Click to Enlarge Name: 9090.png Size: 352 KB
  • #14,365
  • May 4, 2020 3:56pm May 4, 2020 3:56pm
Hello friends,

I never mentioned it in this thread, but my main trading style is actually swing trading. I've been actively scalping M1 charts for a month now and I managed to be profitable. The problem is that commissions took more than half of my profits and that's frustrating I currently pay 7$/lot. I don't see myself being profitable in the long term with these trading costs.

Any comments? Do you guys have this kind of problem too?
  • #14,366
  • May 4, 2020 4:13pm May 4, 2020 4:13pm
I agree. At ECN broker they took $7 dollar plus your spread. With USDJPY and EURUSD spread normally low, but the rest, you give away about $20 to maybe win $30-50. BUT, it still remains quick bucks. :-)
  • #14,367
  • May 4, 2020 6:34pm May 4, 2020 6:34pm
USD/JPY: +15 pips
Explanation on chart
Attached Image (click to enlarge)
Click to Enlarge Name: ForexFactory.png Size: 42 KB
  • #14,368
  • May 5, 2020 1:04pm May 5, 2020 1:04pm
CHF/JPY: Short Trade.
Explanation on chart.
Attached Image (click to enlarge)
Click to Enlarge Name: CHF-JPY-TODAY-05-05-020.png Size: 53 KB
  • #14,369
  • May 6, 2020 1:36am May 6, 2020 1:36am
Short GBPUSD +45.7 pips. Explanation on chart

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1ttttttt.png Size: 84 KB


Sorry for my short absence. My local town is having difficulty with basic services from our government during the "lockdown"
forex is almost zero sum, but more importantly the information is zero sum
  • #14,370
  • May 6, 2020 1:40am May 6, 2020 1:40am
Quoting eduardo14
CHF/JPY: Short Trade. Explanation on chart. {image}
Excellent! nothing better than a chart with clear explanations. Well Done!
forex is almost zero sum, but more importantly the information is zero sum
  • #14,371
  • May 6, 2020 1:51am May 6, 2020 1:51am
Quoting mtsgalli
Hello friends, I never mentioned it in this thread, but my main trading style is actually swing trading. I've been actively scalping M1 charts for a month now and I managed to be profitable. The problem is that commissions took more than half of my profits and that's frustrating I currently pay 7$/lot. I don't see myself being profitable in the long term with these trading costs. Any comments? Do you guys have this kind of problem too?
Hi mtsgalli

I was also in this position with my broker bank. Unfortunately I did not find a solution. I continued to trade however and with small incremental growth I began to slowly increase my lot size to a point where it was beginning to pay off. Secondly in my country because of very strict forex trading regulations we have no choice but to go with our local bank and they charged me even higher than $7 about 2 years ago. Lastly, I try to let my trades run a bit longer so that I'm profitable...like +12 pips and more. So generally after 5 pips I move my sl to break even and let the trade run a bit. But. any other suggestions from others are welcome

skhu
forex is almost zero sum, but more importantly the information is zero sum
  • #14,372
  • May 6, 2020 1:59am May 6, 2020 1:59am
Quoting skhu
{quote} Hi mtsgalli I was also in this position with my broker bank. Unfortunately I did not find a solution. I continued to trade however and with small incremental growth I began to slowly increase my lot size to a point where it was beginning to pay off. Secondly in my country because of very strict forex trading regulations we have no choice but to go with our local bank and they charged me even higher than $7 about 2 years ago. Lastly, I try to let my trades run a bit longer so that I'm profitable...like +12 pips and more. So generally after...
I find it hard to let M1 trades run though. When I trade M1, I don't usually want to be in retraces (very stressful) so most of the time I'm out before 10 pips...

Are you saying you're not allowed by law to use a broker in another country?
  • #14,373
  • May 6, 2020 3:03am May 6, 2020 3:03am
CHF/JPY: Classic TVT20
Attached Image (click to enlarge)
Click to Enlarge Name: CHF-JPY-TVT20-Classic.png Size: 160 KB
  • #14,374
  • May 6, 2020 3:06am May 6, 2020 3:06am
Quoting procmail
{quote} I find it hard to let M1 trades run though. When I trade M1, I don't usually want to be in retraces (very stressful) so most of the time I'm out before 10 pips... Are you saying you're not allowed by law to use a broker in another country?
Hi

Yes it is difficult but over the last 1.5 years now I have been able to let my trades run. It is no doubt difficult but if I don't then I make very much from the trades because of the cost of each trade by my bank broker.

As far as I have been able to check, my country does not specially mention you cannot use a foreign broker but the last time i tried to bring in my profits my local bank denied my funds and a tax investigation was also launched. I've tried to go the legal route but had no luck taking on my bank. In the end, I trade with my local bank and haven't really had a problem since then although i pay a higher cost
forex is almost zero sum, but more importantly the information is zero sum
  • #14,375
  • May 6, 2020 3:48am May 6, 2020 3:48am
Quoting skhu
{quote} Excellent! nothing better than a chart with clear explanations. Well Done!
Thanks, is an honor to contribute.
  • #14,376
  • May 8, 2020 4:15am May 8, 2020 4:15am
NZD/USD: long trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDUSDM15longtrade.png Size: 113 KB
Click to Enlarge Name: NZDUSDM15longtradeTODAY.png Size: 119 KB
  • #14,377
  • May 11, 2020 10:15am May 11, 2020 10:15am
EUR/USD: long trade.
explanation on chart.
+19.8 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EUR-USD-M15-TODAY.png Size: 172 KB
  • #14,378
  • May 11, 2020 11:01am May 11, 2020 11:01am
Nice trading Guys..

I appreciate seeing the team work by ALL as "Traders Helping Traders"

My many thanks to all especially SKHU for taking the reigns and management of our thread. I only wish that my health was such that I could join in the fun but for now I must be only an occasional spectator.

Regards,
A Grateful Cigarguy
Keep It Simple
  • #14,379
  • May 12, 2020 9:56am May 12, 2020 9:56am
Quoting cigarguy
Nice trading Guys.. I appreciate seeing the team work by ALL as "Traders Helping Traders" My many thanks to all especially SKHU for taking the reigns and management of our thread. I only wish that my health was such that I could join in the fun but for now I must be only an occasional spectator. Regards, A Grateful Cigarguy
Hi Cigarguy, we thank you for starting this topic and leaving a great legacy of studies on the previous pages.
Get well soon, I wish you a lot of health and success, always! You inspire us!

Last but not least, I also thank Skhu who has been helping new guys like me.

Thank you team, green pips all!
Life begins at the end of your comfort zone.
  • #14,380
  • May 12, 2020 11:48pm May 12, 2020 11:48pm
SKHU can you give the multiple time frame charts indicator?
16 traders viewing now