I'm going to take a break for awhile.
Stay GREEN My Friends!
Stay GREEN My Friends!
Keep It Simple
- #203
- Jan 25, 2016 4:34pm Jan 25, 2016 4:34pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
I am new to PVSRA Scalping. But I read lot of good things about TAH and Cigarguy Hope to make lot of pips
Welcome.....
Keep It Simple
- #204
- Edited 5:29pm Jan 25, 2016 5:14pm | Edited 5:29pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EJ, M1 FIFO scalp +145 (avg. 1.4) entered 1st order on break of Dragon with notable volume and 2nd after retrace from below dragon with notable volume up. Euro's strength was stronger then JPY on entry.
Done for awhile +614, as time for a cigar.....
and Stay GREEN My Friends!
Done for awhile +614, as time for a cigar.....
and Stay GREEN My Friends! 
Keep It Simple
- #205
- Jan 25, 2016 6:02pm Jan 25, 2016 6:02pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EJ M1 FIFO scalp +85 (avg. +1.7) entered after small retrace to 50 EMA and break of dragon with notable volume from red supply zone and JPY strength vs EUR.
Different Look Bottom Chart; M5; I closed at DO pending Tokyo and Hong Kong joining the party and then nice run down. I got my little scalp as pips are pips...
Different Look Bottom Chart; M5; I closed at DO pending Tokyo and Hong Kong joining the party and then nice run down. I got my little scalp as pips are pips...
Keep It Simple
- #206
- Edited 7:22pm Jan 25, 2016 7:07pm | Edited 7:22pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EU M1 FIFO scalp +120 (avg. +2.4) entered short on break out from short term supply area with notable volume and JPY strength.
BOTTOM M1 CHART; Again, why I trade for small quick pips. Retrace would have taken profit and would have resulted in a loosing trade instead of a winner.......just food for thought....
BOTTOM M1 CHART; Again, why I trade for small quick pips. Retrace would have taken profit and would have resulted in a loosing trade instead of a winner.......just food for thought....
Keep It Simple
- #208
- Edited 7:49pm Jan 25, 2016 7:38pm | Edited 7:49pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
I am so grateful that this thread appeared, I have been scalping on my own and this thread offers some good learning. I am profitable but looking to gain confidence Two questions 1/ I am experimenting with the volume indicator and candles. I know what green and red mean. How about purple and blue? 2/ the next question I know is really up to me to figure out, but if any one is willing to answer thank you in advance. What about stops loss? I usually shoot for 5 pips but will take less if price action is not behaving. I usually get out with a loss...
Thank you for joining us in our journey......
I suggest that you follow the link from post #1 and visit our old PVSRA thread and read the many posts and a PDF for study as well. PVSRA is unlike any other system primarily because the system does not provide buy/sell signals (which are mostly false anyway) by the crossing of MA's and other indicators. As a student and trader of PVSRA you will learn and trade the market with the MM's/smart money and learn how the FX market really works. It's is not easy and takes dedication/study and practice, but once a trader becomes proficient, the rewards can be significant. Stops are left to each trader as to their risk/reward and many other account factors. I personally, only set an emergency stop for loss of system resources.
Good Luck and Stay GREEN!
Keep It Simple
- #213
- Jan 26, 2016 2:20am Jan 26, 2016 2:20am
- | Commercial User | Joined Jul 2012 | 2,049 Posts
100% Risk 
- #218
- Jan 26, 2016 5:28am Jan 26, 2016 5:28am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Dear Saiffx and Cigurgay , you have a losing position? If yes, please share. This will help everyone understand how to get out of losing position. Regards.
Yes indeed, loosing trades offer good learning experiences and I always have and will post as well as winners. I ask that all traders do the same as we are here to trade and learn from each other...
Keep It Simple
- #219
- Edited 6:53am Jan 26, 2016 6:15am | Edited 6:53am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
PVSRA Traders,
I see that many have found the little currency strength meter indicator to be helpful. In keeping with the spirit of Traders Helping Traders, here is another indicator (not EA) that I have found helpful in finding strong and weak pairs. Some here may already be aware of its use but for the new traders it may help in giving a heads up as to what pairs to further analyze for possible PVSRA trading entries. (I do not recommend the Buy/Sell signals alerts be used as entries as they can have a very short shelf life expectancy) It is not my indicator and all credit must go to the developers and coders and additional information as to its development and coding may be found here;
What is MADdash? A multi timeframe dashboard looking at price's distance from a moving average. http://www.forexfactory.com/showthread.php?t=545718
What I look for when observing this indicator, is for currencies that have mostly RED blocks across all T/F's and ones that are indicating mostly GREEN blocks to determine strength vs. weakness and then looking at that chosen pair to analyze further using PVSRA. Please do not ask any additional questions here as its use it appears pretty much self explanatory.
For those using this indicator, please post any comments that you may find as to its positive or negative application in helping with our PVSRA trading.... I by no means am suggesting that we become indicator dependent absent our PVSRA system, but just another tool as We must think "Out of The Box" and that is why we are here......
Enjoy and Stay GREEN........
I see that many have found the little currency strength meter indicator to be helpful. In keeping with the spirit of Traders Helping Traders, here is another indicator (not EA) that I have found helpful in finding strong and weak pairs. Some here may already be aware of its use but for the new traders it may help in giving a heads up as to what pairs to further analyze for possible PVSRA trading entries. (I do not recommend the Buy/Sell signals alerts be used as entries as they can have a very short shelf life expectancy) It is not my indicator and all credit must go to the developers and coders and additional information as to its development and coding may be found here;
What is MADdash? A multi timeframe dashboard looking at price's distance from a moving average. http://www.forexfactory.com/showthread.php?t=545718
What I look for when observing this indicator, is for currencies that have mostly RED blocks across all T/F's and ones that are indicating mostly GREEN blocks to determine strength vs. weakness and then looking at that chosen pair to analyze further using PVSRA. Please do not ask any additional questions here as its use it appears pretty much self explanatory.
For those using this indicator, please post any comments that you may find as to its positive or negative application in helping with our PVSRA trading....
I by no means am suggesting that we become indicator dependent absent our PVSRA system, but just another tool as We must think "Out of The Box" and that is why we are here......Enjoy and Stay GREEN........
Keep It Simple
- #220
- Jan 26, 2016 6:41am Jan 26, 2016 6:41am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EU M1 FIFO scalp +65 (avg. +1.3) little quick scalp pre-NYO entered short after retrace above EMA's to 38.2% fib area and back down across this fib with notable volume and closed quickly before NYO. This is an example of the higher T/F, for example M15 was already in a down trend, M1 crossed back (retraced) up and above the EMA's and then headed back down and gave a quick opportunity for a scalp as it re-joined the M15 down trend. Hope this helps....
Keep It Simple