DislikedAnd why we often scalp PVSRA for a quick 5 +/- pips.......example below of quick pips banked....and then retrace which happens often as we just ride the shirt tails of the MM's..........Ignored
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Disliked{quote} How do you decide when to get out? When you satisfied with the points? Or feel price turn?Ignored
Disliked{quote} sw88, Any and all of the above; with good momentum with PVSRA, PA will hit my t/p or if it stalls, I will close manually. I have no set rule as I just watch my charts like a hawk and let the MM's show me the way....Ignored
Disliked{quote} What's your target usually? 5pips? Dis you set it as a limit order?Ignored
Disliked{quote} sw88, I enter every trade manually and have an EA set for a 5 +/- pip T/P , but watch and manage each trade. Most often, entering correctly with PVSRA, PA will run quickly to my T/P. If PA stalls or starts to retrace, I will quickly close ( this does not happen very often if I enter correctly) I mainly use the EA because many times with good momentum PA will run to T/P so fast I don't have time to react and close. Each currency and trade is different and with experience by only watching 3 or 4 currencies, the trader will begin to get a feel...Ignored
DislikedEU M1 FIFO scalp +290 (avg. +5.8) entered long after retrace below EMA's (Dragon) to 200 EMA as short term support with notable buying volume and EURO strength vs USD.......... Not too bad as PVSRA provided for my taking +704.6 from the MM's on this slow volume Sunday evening and as I am asked by many does PVSRA work?............ {image}Ignored
Disliked{quote} So, that means if there is very good momentum, say 10 pips, then you will take 5 pips, and leave the rest on the table? That's actually very good strategy. I found I often regret out early on big moves, but cannot cut loss fast enough for loosers. In the end, it's all loss. Thanks for your great guidance.Ignored
Disliked{quote} Not sure I get this trade. The currency meter show the EUR at 6.0 arrow green and the USD 3.9 arrow green. Both currencies seem to be on the rise. Why would you trade EURUSD long?Ignored