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PVSRA Scalping with Cigarguy

  • #161
  • Jan 25, 2016 8:24am Jan 25, 2016 8:24am
GU M1 FIFO scalp +32 (5 lots avg. +6.4) entered after drop of the red candle with notable volume as it stopped dead at the 23.6% fib and then retested 23.6 fib again as short term support with PA and notable up volume for quick scalp. Not a favorable trade as GU is strongly ranging and brought this chart up late and much better trades were seen prior.
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  • #162
  • Jan 25, 2016 8:25am Jan 25, 2016 8:25am
Thanks sir,

My prior trading system was Price action only. I am a big fan of Steve nisson and nial fuller.
I taking my scalp decision spotting horizontal support and resistance zone (not line). Sometimes i draw diagonal trend line. I use fibo tool all time.
Moreover I quickly read candle chart and pattern to make a decision.

Now i combine all mention above with great PVSRA system.

Sometime i fail but most of the time i become successful.


Thanks again.
  • #163
  • Jan 25, 2016 8:27am Jan 25, 2016 8:27am
Quoting saiffx
Thanks sir, My prior trading system was Price action only. I am a big fan of Steve nisson and nial fuller. I taking my scalp decision spotting horizontal support and resistance zone (not line). Sometimes i draw diagonal trend line. I use fibo tool all time. Moreover I quickly read candle chart and pattern to make a decision. Now i combine all mention above with great PVSRA system. Sometime i fail but most of the time i become successful. Thanks again.
saiffx,

Keep going Brother.......
Keep It Simple
  • #164
  • Jan 25, 2016 8:28am Jan 25, 2016 8:28am
Quoting cigarguy
{quote} saiffx, Keep going Brother.......
  • #165
  • Jan 25, 2016 8:33am Jan 25, 2016 8:33am
Another FIFO trade gives result little late.

But got the result in favor.
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  • #166
  • Jan 25, 2016 9:51am Jan 25, 2016 9:51am
So after 3 consecutive losses, due to my own self, and forcing trades that shouldn't have been . I think im gonna take a break for at least today.
I think im just going to focus on trading one currency pair at a time. Thanks guys for posting great examples that i can now go study.
  • #167
  • Jan 25, 2016 9:57am Jan 25, 2016 9:57am
Quoting Roose
So after 3 consecutive losses, due to my own self, and forcing trades that shouldn't have been . I think im gonna take a break for at least today. I think im just going to focus on trading one currency pair at a time. Thanks guys for posting great examples that i can now go study.
Roose,

I think you have a good idea. If your trades are not working for you, maybe time to take a break and look at a few charts with winners. We all have our good days and trades just seem to go our way and then those bad ones as well..... If we only knew...
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  • #168
  • Jan 25, 2016 11:11am Jan 25, 2016 11:11am
EU M5 FIFO scalp +47 (5 lots avg. +3.1) entered after 2 retests of quarter number level.
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  • #169
  • Jan 25, 2016 11:20am Jan 25, 2016 11:20am
Quoting cigarguy
EU M5 FIFO scalp +47 (5 lots avg. +3.1) entered after 2 retests of quarter number level. {image}
Learning PVSRA scalping, started today. Thanks for this scalping idea with PVSRA and also thanks to TAH for this sytem.
But spreads are high. Can you please tell me a good broker with low spreads as per your experience?
The Earlier You Start, The More Time You Have To Mess Up.
  • #170
  • Jan 25, 2016 11:25am Jan 25, 2016 11:25am
Last FIFO of the day

Closed with profit p+250
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  • #171
  • Jan 25, 2016 11:34am Jan 25, 2016 11:34am
Quoting saiffx
Last FIFO of the day Closed with profit p+250 {image}
saiffx,

You must be going to the bank with all the pips you made today.......
Attached Image
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  • #172
  • Jan 25, 2016 11:47am Jan 25, 2016 11:47am
Quoting cigarguy
{quote} saiffx, You must be going to the bank with all the pips you made today....... {image}
Dear sir,

Actually I take too much time for an entry. That's why most of my order hits TP.

My TP is only 5 pips.

Thanks.

Green pips 4all
  • #173
  • Jan 25, 2016 11:52am Jan 25, 2016 11:52am
Quoting saiffx
{quote} Dear sir, Actually I take too much time for an entry. That's why most of my order hits TP. My TP is only 5 pips. Thanks. Green pips 4all
saiffx,

Exactly as 5 +/- pips with multiple lots is what we do....
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  • #174
  • Edited 12:07pm Jan 25, 2016 11:55am | Edited 12:07pm
One of my trade setup idea.

With this idea i always remember PVSRA rules.

If PA breaks up i never enter for long because of above resistance. If PA breaks up the resistance i enter immediately because 5 pips is (We hope) available after resistance breakup.

If price breaks down from consolidation area also break support line I enter immediately because there is enough space below to gather 5 pips.

With this; Fibo analysis, SR consideration, Volume analysis needed.

I do these things.

Thanks

Green Pips for all
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  • #175
  • Jan 25, 2016 12:01pm Jan 25, 2016 12:01pm
Quoting cigarguy
{quote} saiffx, Exactly as 5 +/- pips with multiple lots is what we do....
Yes Sir.
  • #176
  • Jan 25, 2016 12:12pm Jan 25, 2016 12:12pm
Quoting saiffx
One of my trade setup idea. With this idea i always remember PVSRA rules. If PA breaks up i never enter for long because of above resistance. If PA breaks up the resistance i enter immediately because 5 pips is (We hope) available after resistance breakup. If price breaks down from consolidation area also break support line I enter immediately because there is enough space below to gather 5 pips. With this; Fibo analysis, SR consideration, Volume analysis needed. I do these things. Thanks Green Pips for all {image}
saiffx,

As you are doing....Plan your trade and trade your plan...
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  • #177
  • Jan 25, 2016 12:35pm Jan 25, 2016 12:35pm
EU M1 FIFO scalp +125 (avg. +2.5 ) Entered from retrace to quarter number level and broke above dragon with notable volume and EUR vs USD strength.
Attached Image (click to enlarge)
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  • #178
  • Jan 25, 2016 12:53pm Jan 25, 2016 12:53pm
Quoting cigarguy
EU M1 FIFO scalp +125 (avg. +2.5 ) Entered from retrace to quarter number level and broke above dragon with notable volume and EUR vs USD strength. {image}
Was a Nice entry Sir.
  • #179
  • Jan 25, 2016 12:58pm Jan 25, 2016 12:58pm
Quoting saiffx
{quote} Was a Nice entry Sir.
saiffx,

Thanks, I was kind of worried with that 50% fib right in front of me, but decided due to the EUR vs USD strength.
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  • #180
  • Jan 25, 2016 1:05pm Jan 25, 2016 1:05pm
EU M1 FIFO scalp +100 (avg. +2) entered long in kind of no mans land late after the break of the 50% fib. (as was not watching EU) after small retrace and notable up volume. Looking for small snipe scalps with EURO strength and volume.
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