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PVSRA Scalping with Cigarguy

  • #781
  • Feb 3, 2016 3:36pm Feb 3, 2016 3:36pm
Quoting saiffx
Don't scalp too many during madness of market Cover it at the end moment of the night. Take too many trade at last session and more than 80% entry closed with profit. As like market I also become mad at the last moment but got nice result. Take all entry mixing my all entry rule. Tonight is the biggest night for me, {image} {image} {image}
saiffx,

Your seeing those entries perfectly........ With an excerpt from Master The Markets;

Quote
Trading is a skill that is different from being an analyst. You can be the greatest analyst in the world, but
calling the moves correctly is one thing, taking advantage of your analysis in the market is quite another.

Stay GREEN My Friend!
Keep It Simple
  • #782
  • Feb 3, 2016 3:49pm Feb 3, 2016 3:49pm
Quoting cigarguy
{quote} saiffx, Your seeing those entries perfectly........ With an excerpt from Master The Markets; {quote} Stay GREEN My Friend!
Thanks like green pips for inspiring me.
  • #783
  • Feb 3, 2016 4:23pm Feb 3, 2016 4:23pm
cigarguy and saiffx, how many trades do you take on average per day? or may be per hour?
  • #784
  • Feb 3, 2016 4:35pm Feb 3, 2016 4:35pm
Quoting sw88
cigarguy and saiffx, how many trades do you take on average per day? or may be per hour?
No set number depends on momentum and PVSRA; sometimes many and at times none....
Keep It Simple
  • #785
  • Feb 3, 2016 6:11pm Feb 3, 2016 6:11pm
UJ M1 FIFO scalp +330 (avg. +3.3) caught part of this move at Tokyo open as was moving fast with t/p at 200 EMA area as possible short term support/retrace area.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiM1.png Size: 61 KB
Keep It Simple
  • #786
  • Feb 3, 2016 6:27pm Feb 3, 2016 6:27pm
UJ, M1 FIFO scalp +200 (avg. +4) entered on USD weakness after retrace into Dragon with quick t/p at 200 EMA area.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiM1.png Size: 65 KB
Keep It Simple
  • #787
  • Feb 3, 2016 6:34pm Feb 3, 2016 6:34pm
UJ M1 FIFO +155 (avg. +3.1) entered again on notable down volume on break of 200 EMA with t/p at DO area. (white dotted lines) as short term support.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiM1.png Size: 69 KB
Keep It Simple
  • #788
  • Feb 3, 2016 6:50pm Feb 3, 2016 6:50pm
Hi guys...

I also scalp the M1 so its good to see others doing so successfully. I have been following this thread silently and have a few comments?

1. How do you manage your risk:reward? It's great to see so many profitable scalps for a few pips but if you are wrong which we all are on occasions, that can potentially wipe out all profit correct? I believe cigarguy you mentioned you have a hard stop of 20 pips...

2. What is your general rule of thumb for managing losses?

I only say this because I have only seen profitable scalps on here since the beginning. Please do not mistake me for a cynic or a critic... I am only interested in learning for everyone reading the thread.

Keep up the good work!
  • #789
  • Edited 7:18pm Feb 3, 2016 7:03pm | Edited 7:18pm
Quoting crameka
Hi guys... I also scalp the M1 so its good to see others doing so successfully. I have been following this thread silently and have a few comments? 1. How do you manage your risk:reward? It's great to see so many profitable scalps for a few pips but if you are wrong which we all are on occasions, that can potentially wipe out all profit correct? I believe cigarguy you mentioned you have a hard stop of 20 pips... 2. What is your general rule of thumb for managing losses? I only say this because I have only seen profitable scalps on here since the...
crameka,

I manually manage each trade and most often close quickly as PA begins to stall and/or retrace. I always have and always will post my losses as well as my winners as they often prove to be excellent learning scenarios. I have been blessed of lately with making the correct decisions and have closed quickly once in profit with no losses for awhile. Yes of course they will come, but hopefully not for awhile. If one would notice, my usual 5 +/- pip targets in many cases will only reach 3 or 4 pips (as posted above all profits were less then my usual 5 pips) due to my feel for a loss of momentum to close early.........

Learning and trading PVSRA is difficult as it is an visual art and requires many hours of screen time and study. We trade absent the usual indicators that most rely on to give buy/sell signals. Each trader must learn and apply the study of PA, Volume and S & R in addition to other studies and incorporate all for successful PVSRA trades.

Quote
I normally use a 10 pip hidden and a 20 pip emergency stop set by the EA but I manage each trade and watch PA like a hawk....

I hope I answered your questions and hopefully you will begin the PVSRA journey.......
Keep It Simple
  • #790
  • Feb 3, 2016 10:13pm Feb 3, 2016 10:13pm
Quoting cigarguy
{quote} No set number depends on momentum and PVSRA; sometimes many and at times none....
I only have couple of hours during Asian session available each day. It's painful to watching the market bounce in the range. Tried to jump into a trend, couple of pips cut off from spread, then the movement is not much. Felt frustrated. I need to be more patient. Thank you very much for the teaching. They are very helpful and inspiring!
  • #791
  • Feb 4, 2016 1:19am Feb 4, 2016 1:19am
Quoting cigarguy
{quote} No set number depends on momentum and PVSRA; sometimes many and at times none....
  • #792
  • Feb 4, 2016 3:47am Feb 4, 2016 3:47am
Morning PVSRA traders

Today GBP/USD trades. Profit total: +496pips.

Attached Image (click to enlarge)
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Relax and wait red news.

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Do not be afraid to make mistakes, be afraid to repeat them.
  • #793
  • Feb 4, 2016 4:50am Feb 4, 2016 4:50am
Today 3rd and 4th FIFO trade.

Close with profit.

Look chart for details
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  • #794
  • Feb 4, 2016 5:38am Feb 4, 2016 5:38am
GBPUSD +5

Breakout of blue rectangle resistance area with good volume.
Attached Image (click to enlarge)
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  • #795
  • Feb 4, 2016 5:40am Feb 4, 2016 5:40am
Another FIFO on UC.

Closed with profit

Chart explain why i go long here.
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  • #796
  • Feb 4, 2016 5:54am Feb 4, 2016 5:54am
EURAUD +5

Good volume after retrace back to round number and dragon.

Lost a trade earlier in the session trying to go short - good that I cut that loss short and now I'm approximately break even for the day.

Will take a break as red news in 5 minutes and come back after it's all released.
Attached Image (click to enlarge)
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  • #797
  • Feb 4, 2016 6:12am Feb 4, 2016 6:12am
My Quick FIFO in GU on RED news
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  • #798
  • Feb 4, 2016 6:20am Feb 4, 2016 6:20am
GBPJPY +7.2

Hammer/pin bar off dragon from retrace. Quick in and out!
Attached Image (click to enlarge)
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  • #799
  • Feb 4, 2016 6:39am Feb 4, 2016 6:39am
Hi,
I've upgraded the OrderOnChart EA to version 1.7.
Fix wrong setting stop loss and take profit level when not use Hidden stop loss and take profit.
Add button take screenshot + auto hide account info when take screenshot.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 41 KB
Attached File(s)
File Type: rar OrderOnChartEA_v1.7.rar   55 KB | 654 downloads
  • #800
  • Edited 7:45am Feb 4, 2016 7:02am | Edited 7:45am
Quoting extraw
Hi, I've upgraded the OrderOnChart EA to version 1.7. Fix wrong setting stop loss and take profit level when not use Hidden stop loss and take profit. Add button take screenshot + auto hide account info when take screenshot. {file} {image}
Hi,

Nice work done.

Thanks
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