GBPUSD Long. Explanation on chart, not my best analysis or trade.
forex is almost zero sum, but more importantly the information is zero sum
PVSRA Scalping with Cigarguy
- #14,462
- Nov 24, 2020 10:22am Nov 24, 2020 10:22am
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,682 Posts
Watch out the explosion in GJ 
- #14,463
- Nov 24, 2020 10:28am Nov 24, 2020 10:28am
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,682 Posts
- #14,464
- Nov 24, 2020 10:32am Nov 24, 2020 10:32am
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,682 Posts
And AJ has made my day thank you cigarguy
- #14,465
- Nov 25, 2020 10:15am Nov 25, 2020 10:15am
Thank you ,Cigarguy for the very informative thread.I l learned a lot from it.I read it from page 1 ,at the page 450 at the moment.After the beginning i read also all the pdfs and materials from PVSRA (Price, Volume, S&R Analysis).Tah is doing amazing work.Then decided to see how it all begun ,so read all the links inside the thread and pdfs from Sonic R. System .Also watching the youtube videos from Robson Hayashida..Helped me a lot.
So i am posting a trade from today
EURUSD
Price action under Dragon and 200 ema .In the last 2 hours PA was consolidating in small range and i was waiting for MMs to break the support and so they did with notable volume and i made my pips.
Stay Green!
So i am posting a trade from today
EURUSD
Price action under Dragon and 200 ema .In the last 2 hours PA was consolidating in small range and i was waiting for MMs to break the support and so they did with notable volume and i made my pips.
Stay Green!
- #14,468
- Edited 7:32am Dec 3, 2020 7:20am | Edited 7:32am
- | Joined Oct 2020 | Status: Trader | 2 Posts
GBPJPY M1 +4 Pips Long PVSRA Scalp
Regarding this trade:
* The three green candles with high volume before my EP indicates bullish MMs.
* Dragon (50 EMA) with appropriate upwards angle.
* Trends stacked up.
* Attested the same configuration in higher TFs (M15, H1 and H4).
* Entered my position pursuing 2.5 pips.
* During the operation, market seemed to reaccumulate (check the candlesticks immediately after my EP - but maybe that was a distribution phase, I don't know).
* Nevertheless, I decided to set a little bit higher profit than my initial goal (I accepted the risk, but also considered the context).
* Closed the trade when it achieved +4 pips.
Regarding this trade:
* The three green candles with high volume before my EP indicates bullish MMs.
* Dragon (50 EMA) with appropriate upwards angle.
* Trends stacked up.
* Attested the same configuration in higher TFs (M15, H1 and H4).
* Entered my position pursuing 2.5 pips.
* During the operation, market seemed to reaccumulate (check the candlesticks immediately after my EP - but maybe that was a distribution phase, I don't know).
* Nevertheless, I decided to set a little bit higher profit than my initial goal (I accepted the risk, but also considered the context).
* Closed the trade when it achieved +4 pips.
