{quote} DaPerk, USDCAD; It appears to me that you were just adding to your positions with good momentum/ break of TL and all below 200 EMA / Dragon with notable volume........
{quote} I agree with this. However i believe the confusion for most traders lies with trying to figure out an ep. I know that was my struggle an still is to an extant but its gotten better since going back and re reading.
Occam's razor (or Ockham's razor) is a principle from philosophy. Suppose there exist two explanations for an occurrence. In this case the simpler one is usually better. Another way of saying it is that the more assumptions you have to make, the more unlikely an explanation is.
{quote} Yes you right. But first trade on USDCAD was losser, I dont know why I went buy. But then after the break of TL I did exactly what you said. Im testing right now MA 20 simple its red one. I saw in video from Raghee Horner. Works very nice as well.
{quote} Roose, If not already doing; Watch PVSRA on a M5 and M1 chart and observe the trend on the M5 and wait for M1 PA to retrace away from the M5 trend. Then once M1 PA re-joins the M5 trend look for possible PVSRA entries observing key levels for S&R and volume for confirmation. Their are other considerations of course, this is a simple method for high probability entries when all PVSRA conditions are met. {quote} or the KISS method which is the one I use..........
Possibly last FIFO for today. Closed with profit. Chart illustration says my statement. {image}
Hi EveryOne, My first PVSRA sclaping trade. Unfortunately i have missed the majority of movements today as I am working. Trade reason: bouncing back from whole level and dragon, reversal candles??? {image} Please feel free to comment my trades, I have just started too learn this system. , Thanks, Homicide
{quote} It was OK with the bounce from the whole number (resistance) and the Dragon. Combined with more volume and momentum would have been safer. Find that PA set up with high volume and lots of momentum and maybe drop down to M1 for a good entry and go for it........
{quote} Thanks, very useful. I'm gonna check the M1 next time and I defo need to read more about the momentum.
Even if you don't make many pips it's about capital preservation allowing to play another day..... {quote} Exactly right. It is one of the best idea for trading M1 chart. I maintain it most of the time. Thanks
Yo CigarGuy, Could you be so kind as to show us your actual ROI ? Are you in positive equity or just showing off winners ?
How are you profiting after commission and spread at such low pips each scalp? Thanks
{quote} allisonmagic, We have been down this road before on the old PVSRA thread. Please read Post #1 and Post #849 Mission Statement.....Thanks....
