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PVSRA Scalping with Cigarguy

  • #81
  • Jan 22, 2016 4:32pm Jan 22, 2016 4:32pm
Lost track of what day it is, got stopped out by weekend spread.
Trying to remember the SONIC rules... so looking forward to cigarguy's teachings ... btw, I really like the way TAH cleaned up the charts

But I finish the week on an upnote
Attached Image (click to enlarge)
Click to Enlarge Name: Capture 1.JPG Size: 159 KB


Green PIPS to all !!! Have a great weekend (I got some reading (TVSRA) to catch up on
MTPockets
  • #82
  • Edited 1:04pm Jan 23, 2016 8:49am | Edited 1:04pm
I DO WANT TO BE CLEAR; The original PVSRA chart, templates and indicators has served many of us PVSRA traders well and I am not recommending that template be discarded. TAH is currently coding a new version that will be released soon and may be freely used.

As I have traded the old Sonic R and PVSRA threads through the years, I observed that traders wishing to participate or post were restricted to only PVSRA charts/templates and indicators. That was quite understandable due to the fact that TAH wanted consistency and uniformity so as to maintain control of posts and discussions as all were trading and discussing the same charts and set ups. His thread model and intended control was extremely successful allowing for consistent posting and discussion as he intended.

My intended purpose for this thread is not to deviate from the PVSRA system successful trading model but to only open up discussions and "Think Tanks" to other possibilities relating to charting and helpful indicators/EA's. Trading FX is not a static business as market conditions are forever changing. IMO, to survive in this business, we too as traders must open our minds and "Think Out of The Box" and always be OPEN MINDED and RECEPTIVE to test and experiment with any idea or tools that may GIVE US AN EDGE WITH OUR TRADING BUSINESS.

The primary comments that I received via PM's on the previous threads were from traders who were frustrated with the limitations imposed on posting or discussing any ideas not consistent with the approved PVSRA charts and indicators. Although understandable TAH's point of view, HERE, I hope to address and remedy that frustration as ANY and ALL comments are welcomed as long as PVSRA related.

It is possible, that after consideration has been given to other PVSRA trading ideas, charts, indicators and EA'/discussions that the findings will reveal there is no "Better Mouse Trap". If this is the ultimate findings, then we may continue with our PVSRA trading/posts and scalping/trading ideas and set ups with each Trader using and POSTING THEIR PVSRA TRADES USING THE CHARTS OF THEIR CHOICE.
Keep It Simple
  • #83
  • Jan 23, 2016 9:12am Jan 23, 2016 9:12am
Quoting cigarguy
I DO WANT TO BE CLEAR; The original PVSRA chart, templates and indicators has served many of us PVSRA traders well and I am not recommending that template be discarded. TAH is currently coding a new version that will be released soon and may be freely used. As I have traded the old Sonic R and PVSRA threads through the years, I observed that traders wishing to participate or post were restricted to only PVSRA charts/templates and indicators. That was quite understandable due to the fact that TAH wanted consistency and uniformity so as to maintain...
Great thinking as well as...........
  • #84
  • Edited 1:09pm Jan 23, 2016 9:28am | Edited 1:09pm
This is an example of a chart that I have found to be easily adaptable to the PVSRA system. It is basically comprised of different indicators and EA's that I have assembled (are not mine) and currently testing as a PVSRA scalping chart. I have found in some instances, the colored candles that are coded to be in sync with the Ribbon on the M5 chart, to be helpful in identifying quick and accurate visual entry and exit points ( as I am often in and out in seconds or minutes) I have successfully been trading it live, (as not a big fan of demos) but recommend that traders should trade it on a DEMO account to determine its value related to scalping. The Expert Adviser, is the work of Ding Dong from another thread and she has fantastic coding abilities. I found the Buttons on her indicator to be helpful when I had multiple trades open at the same time to quickly use the CLOSE ALL button instead of dragging a close script onto the chart, especially in a fast moving trade. It also has trader inputs that are obvious as to their use.

I have multiple monitors (4), so I have this chart up on one monitor and the current PVSRA chart on another for comparison. Please don't ask me any questions regarding their coding as " I don't have a clue, as none of these indicators/EA's are mine and I know nothing about coding nor want to" I am a trader and have only assembled these indicators as a test PVSRA scalping chart...... Any and all comments and suggestions encouraged and please don't be bashful, as we are all here Traders Helping Traders, newbies and oldies alike. ..Traders here are welcomed to use any or all indicators they may determine to be useful in their PVSRA scalping..........

Middle Chart: With the PVSRA candles. You decide.....or the original, as at this point of testing I am not recommending or suggesting but presenting possibilities.......The posting of winning and/or loosing PVSRA trades are encouraged, but not solely for bragging rights, as my primary goal is for an exchange of ideas. ............
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDiM5 sample chart with colored candles and dingdongea.png Size: 74 KB
Click to Enlarge Name: EURUSDiM5 6.png Size: 71 KB
Click to Enlarge Name: EURUSDiM5 7.png Size: 70 KB
Attached File(s)
File Type: zip ColoredCandlesRibbon(1).zip   498 KB | 2,030 downloads
Keep It Simple
  • #85
  • Jan 23, 2016 10:34am Jan 23, 2016 10:34am
Quoting cigarguy
This is an example of a chart that I have found to be easily adaptable to the PVSRA system. It is basically comprised of different indicators and EA's that I have assembled (are not mine) and currently testing as a PVSRA scalping chart. I have found in some instances, the colored candles that are coded to be in sync with the Ribbon on the M5 chart, to be helpful in identifying quick and accurate visual entry and exit points ( as I am often in and out in seconds or minutes) I have successfully been trading it live, (as not a big fan of demos) but...
Thanks for giving us these scalping tools.

I use another EA for quick scalping. It takes 5% risks of capital in every order SL 10 pips TP 15 pips...........

Here is this for 4 all.
Attached Image
Attached File(s)
File Type: ex4 Ordermanager EA.ex4   47 KB | 1,977 downloads
  • #86
  • Edited 11:17am Jan 23, 2016 10:59am | Edited 11:17am
Quoting saiffx
{quote} Thanks for giving us these scalping tools. I use another EA for quick scalping. It takes 5% risks of capital in every order SL 10 pips TP 15 pips........... Here is this for 4 all. {file} {image}
saiffx,

Yes, thanks as I have that one as well but have not used it yet. Can you post the settings that you find are successful maybe a screen shot ?

Thanks as this is exactly the kind of discussions I hope to encourage. There are so many excellent scalping ideas, indicators and EA's out there but I thought how helpful to have most that have been proven to be helpful in one thread for use and discussion as to PVSRA scalping............

Cigarguy
Keep It Simple
  • #87
  • Jan 23, 2016 11:16am Jan 23, 2016 11:16am
Quoting cigarguy
{quote} saiffx, Yes, thanks as I have that one as well but have not used it yet. Can you post the settings that you find are successful ? Thanks as this is exactly the kind of discussions I hope to encourage..... Cigarguy
First i want to say one thing that we use sir title who are respectable person, who are our senior, who are VIP in our society. So I call you as Sir with respect.

Dear sir,
I think success in forex trading depends on anyone's accurate entry and exit points Not any settings. If any trader pick the proper entry point can use high lot using leverage facility or using his huge equity.

I have a male child of 6 years. He can push buy sell / button also. When market goes up it's buy, when goes down it's sell that he realize. But he does not know what main thing is! Just joking sir.

I have source file of this EA. Any one can change risk factor, can change SL and TP. If trader are interested to have source file i will provide it here.

N.B. I am not a Coder. That's why I don't own it. I collect it from another thread. All Credit to the coder who code it.

Thanks again.
  • #88
  • Jan 23, 2016 11:22am Jan 23, 2016 11:22am
Quoting saiffx
{quote} First i want to say one thing that we use sir title who are respectable person, who are our senior, who are VIP in our society. So I call you as Sir with respect. Dear sir, I think success in forex trading depends on anyone's accurate entry and exit points Not any settings. If any trader pick the proper entry point can use high lot using leverage facility or using his huge equity. I have a male child of 6 years. He can push buy sell / button also. When market goes up it's buy, when goes down it's sell that he realize. But he does not know...
saiffx,

NP, Yes can easily be tested and set to each users personal settings. Was just curious from your trial and error what works for you. I have found the CLOSE ALL button to be very helpful on mine as well as I don't use it as a trade manager...........Thanks....
Keep It Simple
  • #89
  • Jan 23, 2016 11:25am Jan 23, 2016 11:25am
Quoting cigarguy
{quote} saiffx, NP, Yes can easily be tested and set to each users personal settings. Was just curious from your trial and error what works for you......Thanks....
Dear Sir,

EA shows no error but some warnings. But I use it in my trial an live chart, works excellent.

Thanks.
  • #90
  • Edited 1:12pm Jan 23, 2016 11:48am | Edited 1:12pm
Just keep in mind an example of the basic Classic Setup as previously posted as lower t/f scalps can also be made as entries are identified using PVSRA.
Attached Image (click to enlarge)
Click to Enlarge Name: Sample Classic Set Ups.jpg Size: 123 KB
Keep It Simple
  • #91
  • Jan 23, 2016 1:43pm Jan 23, 2016 1:43pm
It's interesting, here on a Saturday we have dedicated traders reading and studying charts with no life, OH WAIT I'M HERE TOO!.......
Keep It Simple
  • #92
  • Jan 23, 2016 2:21pm Jan 23, 2016 2:21pm
Quoting cigarguy
It's interesting, here on a Saturday we have dedicated traders reading and studying charts with no life, OH WAIT I'M HERE TOO!.......
cigarguy,

I'm here so that I can stay current as to any ideas that are presented, I'm lazy about "catching up" on posts
  • #93
  • Edited 6:35pm Jan 23, 2016 2:22pm | Edited 6:35pm
Here I zoomed in to get an idea of how PA (colored candles) agreed or disagreed with the indicated volume. At a glance, of course always easier to see after the fact, it does appear once a candle agrees with volume and crosses the ribbon for conformation it could be a good entry on M5, anyway. Exits possibly with PA candle color change and roll over of the ribbon. This is over simplification of course and not considering higher t/f's, S & R, fibs, candle formations and key levels........Still need trading next week, not after the fact as presented here, and input by interested traders.. JUST AN IDEA as maybe good or maybe bad, but still must stay with the successful PVSRA system, just maybe a visual aid...............
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDiM5 studies.png Size: 86 KB
Keep It Simple
  • #94
  • Jan 23, 2016 2:33pm Jan 23, 2016 2:33pm
Quoting MTPockets
{quote} cigarguy, I'm here so that I can stay current as to any ideas that are presented, I'm lazy about "catching up" on posts
MtPockets,

Good idea if time permits....

Enjoy and Stay GREEN!
Keep It Simple
  • #95
  • Jan 23, 2016 2:33pm Jan 23, 2016 2:33pm
Here is an example.
Attached Image (click to enlarge)
Click to Enlarge Name: 000.png Size: 43 KB
  • #96
  • Jan 23, 2016 2:36pm Jan 23, 2016 2:36pm
Quoting saiffx
Here is an example. {image}
saiffx,

Excellent chart... I don't know your trading times, was that green candle an opening or news candle?
Keep It Simple
  • #97
  • Jan 23, 2016 2:36pm Jan 23, 2016 2:36pm
Quoting saiffx
{quote} Thanks for giving us these scalping tools. I use another EA for quick scalping. It takes 5% risks of capital in every order SL 10 pips TP 15 pips........... Here is this for 4 all. {file} {image}
saiffx,
Will that EA close existing trades as well? As I use a different method to enter. Or is it placing and closing with it's own Magic number?
  • #98
  • Jan 23, 2016 2:41pm Jan 23, 2016 2:41pm
Quoting cigarguy
{quote} saiffx, Excellent chart... I don't know your trading times, was that green candle an opening or news candle?
Yes it was a news Candle on last Friday. I give this diagram education purpose only.

But I took position from LH where a pure hammer was created.

It is necessary to learn candle chart to be faster in scalping.

Oh Sir, my trading time is GMT +6

Thanks


Green Pips for all;
  • #99
  • Jan 23, 2016 2:41pm Jan 23, 2016 2:41pm
Hi, could you post your template Cigarguy for the red green candles chart...looks good and may take some of the nerves out of opening a position.

Also I dont see the ribbon come up on the chart when I place all the indicators....

Thanks
  • #100
  • Jan 23, 2016 2:43pm Jan 23, 2016 2:43pm
Quoting MTPockets
{quote} saiffx, Will that EA close existing trades as well? As I use a different method to enter. Or is it placing and closing with it's own Magic number?
Yes EA close this trade.

I also Use this SL TP EA sometimes.

Here that is for all.
Attached File(s)
File Type: ex4 SL TP.ex4   16 KB | 1,661 downloads
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