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PVSRA Scalping with Cigarguy

  • #41
  • Edited 7:53pm Jan 21, 2016 6:35pm | Edited 7:53pm
Here in my previously posted trade is a good example of Daily Open support....and another quick small pip trade saved that would have retraced and grabbed my profits and possible hit my stop. As soon as I quickly closed it retraced very fast..............
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiM5 s2.png Size: 72 KB
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  • #42
  • Jan 22, 2016 12:09am Jan 22, 2016 12:09am
Great job Cigarguy and thanks you for this thread.
 
USD/CAD +159 pips. 
 
Reason entry: price breaks dragon
Reason exit: ​retrace support (yellow line)
 
Attached Image (click to enlarge)
Click to Enlarge Name: 7da10b1cf407ebb7149424b7d9dfa768.png Size: 55 KB
Do not be afraid to make mistakes, be afraid to repeat them.
  • #43
  • Jan 22, 2016 12:31am Jan 22, 2016 12:31am
Quick FIFO scalp in UC closed with profit p+250

Reason: After big down movement a correction was expected. By this time consider notable volume increase.

Support line was few pips below.
Attached Image (click to enlarge)
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  • #44
  • Jan 22, 2016 12:53am Jan 22, 2016 12:53am
Quoting JasonDeaN
Great job Cigarguy and thanks you for this thread.  USD/CAD +159 pips.  Reason entry: price breaks dragon Reason exit: ​retrace support (yellow line)  {image}
It was a nice entry.

Thanks.
  • #45
  • Jan 22, 2016 2:05am Jan 22, 2016 2:05am
Quick FIFO EG M1 closed with profit p+250

Reason:
1. Price Bounce from below of RWL 2. Price found a whole number and bounce from it also. 3. A classic setup from below the dragon.
Attached Image (click to enlarge)
Click to Enlarge Name: 9.png Size: 37 KB
  • #46
  • Jan 22, 2016 2:15am Jan 22, 2016 2:15am
Another EG FIFO scalp closed with profit p+250

Chart says clearly why i have taken the Entry.
Attached Image (click to enlarge)
Click to Enlarge Name: 4.png Size: 37 KB
  • #47
  • Jan 22, 2016 3:09am Jan 22, 2016 3:09am
Another Quick FIFO M1 EU closed with profit p+250

Reason:
1. A bullish Engulfing pattern on 50 EMA dragon.
2. Price holds on trend line support.
3. nearest resistance break up
4. Volume increasing sharply.

Exit: My fixed TP 5 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 6.png Size: 39 KB
  • #48
  • Jan 22, 2016 3:23am Jan 22, 2016 3:23am
Congrats to new thread Cigarguy. Subscribed. Wish you all GREEN PIPS
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.PNG Size: 44 KB
Adapt useful, reject useless, add what is specifically your own.
David Perk CLS Strategy 1 All Time Return: 3,531.3%
  • #49
  • Jan 22, 2016 3:27am Jan 22, 2016 3:27am
Quoting DaPerk
Congrats to new thread Cigarguy. Subscribed. Wish you all GREEN PIPS {image}
Welcome here friend. Hope you contribute much for this new community through your experience.
  • #50
  • Edited 5:47am Jan 22, 2016 5:35am | Edited 5:47am
Here is a nice chart illustrating classic entries for study and what to look fore. This chart happens to be M15 but these set up can be found on lower t/f/s as well. While observing a higher t/f say H1 or M15 and identifying the trend but also looking at M5 or M1 and waiting for one of these lower t/f's to retrace from the trend and rejoin the established trend for an entry point. If you look for these set ups on various currencies and try to identify then after awhile you will be able to just glance at a chart with experience and they will pop out for trading opportunities.
Attached Image (click to enlarge)
Click to Enlarge Name: Sample Classic Set Ups.jpg Size: 123 KB
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  • #51
  • Jan 22, 2016 5:38am Jan 22, 2016 5:38am
Quoting cigarguy
Here is a nice chart illustrating classic entries for study and what to look fore; {image}
  • #52
  • Jan 22, 2016 5:43am Jan 22, 2016 5:43am
Quoting cigarguy
Here is a nice chart illustrating classic entries for study and what to look fore; {image}
Good example.

What do you use MM (risk and Lot) for scalp position?
Do not be afraid to make mistakes, be afraid to repeat them.
  • #53
  • Jan 22, 2016 6:01am Jan 22, 2016 6:01am
Quoting JasonDeaN
{quote} Good example. What do you use MM (risk and Lot) for scalp position?
JasonDeaN,

That is an excellent question but difficult for me to answer because it depends on a number of things; The pair that I am stalking, current trading session, pending news events, time of day in that session etc., For instance; If I am trading early after NYO and there is a lot of momentum in a chosen pair I will probably trade a higher lot size with no stops, just watching like a hawk. If it is say Asian Session and slow with lots of retraces (which is the norm) I will reduce my lots in many cases and due to some of the quick retraces put in an emergency stop. And much of my personal decision making, as a long time scalper, just comes from experience with certain currencies and how PA moves that has been observed with many hours of screen time.

After many, many hours of screen time watching only 2 or 3 pairs you actually will start to develop a inert sense to how those pairs trade and you will get a feel for the art of scalping those pairs. I hope I explained this correctly and that it helps...
Keep It Simple
  • #54
  • Jan 22, 2016 6:02am Jan 22, 2016 6:02am
GBPUSD Long Scalp:
Explanation on the chart.
17.3 pips average, 86.5 pips total gain.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDiM1 scalp 22.1..png Size: 70 KB
PVSRA
  • #55
  • Jan 22, 2016 6:05am Jan 22, 2016 6:05am
Quoting Fisher755
GBPUSD Long Scalp: Explanation on the chart. 17.3 pips average, 86.5 pips total gain. {image}
Fisher755,

Nice catch as usual......and yes no explanations needed on that one.... and Happy Friday...we made it through the week.
Keep It Simple
  • #56
  • Jan 22, 2016 6:16am Jan 22, 2016 6:16am
Cigarguy , thanks you .

GBP/USD +315 pips.

Reason entry: retrace from dragon.
Reason exit: big volume on this price and resistanse level (yellow line)

Attached Image (click to enlarge)
Click to Enlarge Name: 4b9d33250ee170e475ead2310877f99d.png Size: 43 KB
Do not be afraid to make mistakes, be afraid to repeat them.
  • #57
  • Jan 22, 2016 6:21am Jan 22, 2016 6:21am
Quoting Fisher755
GBPUSD Long Scalp: Explanation on the chart. 17.3 pips average, 86.5 pips total gain. {image}
GBPUSD Long Scalp Re-enter:
This one is a mixture of M1 scalp and PVSRA TVT20 long trade.
Explanation on the chart.
38.9 pips average, 38.9 pips total gain.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDiM1.png Size: 78 KB
PVSRA
  • #58
  • Jan 22, 2016 6:25am Jan 22, 2016 6:25am
PVSRA Traders,

Many times future posts here will probably refer to FIFO scalping as AN ART FORM and some may not understand that concept coming into this thread with a technical or fundamental background. I know in the beginning it was difficult for me having been accustomed to trading with lots of lagging indicators hoping for Buy and Sell signals and not understanding how the market actually works.

When you trash most of that junk and start to focus and learn PA and volume and how they act together and respond to key levels as support and resistance you will acquire a instinct by glancing at a chart (as looking at a fine painting) and be able to see trades quickly with lots of practice.

It is not easy and takes time, but to become a Lawyer or Doctor or any professional, one must dedicate lots of time and energy to become successful and it's the same with any opportunity that offers a nice future and a nice comfortable income.
Keep It Simple
  • #59
  • Jan 22, 2016 6:27am Jan 22, 2016 6:27am
Hello everyone, I like very much this thread, congratulation! I am looking to have more informations about PVSRA. I tried to understand it in the original thread some time ago, but I found it a little bit difficult, my fault surely.I hope to learn more here since I like scalping, s/r, trend line, etc...
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Syl
  • #60
  • Jan 22, 2016 6:29am Jan 22, 2016 6:29am
Quoting cigarguy
PVSRA Traders, Many times future posts here will probably refer to FIFO scalping as AN ART FORM and some may not understand that concept coming into this thread with a technical or fundamental background. I know in the beginning it was difficult for me having been accustomed to trading with lots of lagging indicators hoping for Buy and Sell signals and not understanding how the market actually works. When you trash most of that junk and start to focus and learn PA and volume and how they act together and respond to key levels as support and resistance...
Hi cigarguy, sorry for my question... what does FIFO mean?Thanks syl
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