PVSRA Scalping with Cigarguy

EURUSD H1 Long trade

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EURCAD H1 Long trade

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GBPCAD H1 Long trade

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EURUSD H1 Short trade

Hi everyone,
I am new to this forum and I have a question:
I trade with PVSRA system on M1 charts mainly USDJPY. Now I switched to a 50 tick charts because it gives me a clearer look at the movements. Would the PVSRA system still make sense on tick charts? The tick count is always 50 on every candle. So then how can a candle have more transaction then the other? Only the size of the candle changes. Does this make sense?

GBPNZD H1 Long trade

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IN LINGUA ITALIANA

EURCHF H1 Long trade

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GBPCAD H1 Long trade

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GPBNZD H1

I noticed that sometimes you draw the FMV from the candle CLOSE and other times it is the HIGH/LOW. Could you please tell us more about this?

[quote=fxpider;14719093]{quote} Percebi que às vezes você desenha o FMV da vela CLOSE e outras vezes é o HIGH/LOW. Você poderia nos contar mais sobre isso? [/citar]
My dear illustrious,
If you observe carefully, you will see that I mostly trade between the highs and lows of the previous day with notable volume, which for me is an objective point (everyone can sees this price level) and not subjective, it is obvious that this is not the quite, the big maneuver is the economic indicator launched that day, what is its level of importance and impact and understanding how the economy is at this moment in sectors and in general, listing some sectors
Employment
Production
Commodities
Product prices......
There is other information here on the forum to attach, just search

Thank you for your reply.

However, it is still not clear to me.

So PVSRA from my understanding is loosely based on Wyckoff/VSA. The principle behind Wyckoff/VSA is that a major sign of strength or weakness will occur and you wait and see how price reacts to it.

In VSA when looking at price bar you only consider the high, low and close of the bar. So keeping that in mind you when you see a sign of strength that comes in, like in your first example of the left, you watch for how price reacts to both the close and the low.

If you look at your first chart on the left, the sign of strength was the highest volume bar of the previous day.. Narrow range and high volume meant that buyers were matching every sell order that was coming in. If you draw a line from the close of the previous day's highest volume bar and look to the day of the entry, there is a doji right into the close, the doji is about 4 hours prior to the entry. That doji candle tested out the close of the previous day's highest volume bar, but unfortunately price just didn't respond to that test and price fell before finally finding support at the low.

Looking at your 2nd example in the middle, same thing looking at the day of the entry we see a low volume down bar into the close of the a sign of strength from the previous day. That low volume down bar into that close showed that no sellers were interested in lower price which allowed price to rally.

In your 3rd example of the far right, you're referencing a bar that happened during the dead hour. During the dead hour, you aren't going to see a major sign of strength or weakness. The setup on the 3rd chart is a little more complicated, you have to see that widespread down bar closing off the low during London session, thats a sign of strength. Price falls during the US session and we see price drop below the strength with low volume, once again showing no sellers are interested in taking price lower. The day of the entry, price test out the low volume down bar from the previous day's US session rather than the strength that occurred during London.

EURUSD H1 Short trade

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GBPUSD H1 Short trade

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XAUEUR H1 Short trade

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AUDCAD H1 Short trade

EURCAD H1

XAUEUR H1 Short trade Closed

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