It Appears that most scalping PVSRA have made this basic System/Method their own and are banking some nice pips......
{quote} I scalped M1 using VSA before I came here, so it didn't take me long to pick up PVSRA... Can I ask what is the significance of all those levels? and why they change value every hour? RDL, RDH, MR, MS, DS, DR? I assume its to do with daily range and daily/monthly support etc?
EUR/USD +1.4 M1 Got out at the wrong time. wave formation, break of low, momentum, rejection of 200ema. Is there a one click option for getting out of a trade because going to the terminal is really messing me up. {image}
{quote} Roose, My MT4 terminal has One Click trading and is extremely fast as evidenced by my very fast FIFO scalps. Did you check your options tab? Or use extraw's EA that works great as he coded just for our FIFO scalping..........
{quote} Its just the quick close of a trade that im having a problem with, because i have to go to my terminal and select the right trade to close. Sometimes by then my profits are cut in half.
use extraw's EA that works great as he coded just for our FIFO scalping..........
{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..........
Maybe some have found good entries?......
{quote} In regards to waiting for a retrace,I have for years used a simple reversal alert indicator on my charts in addition to the PVSRA indicators.This allows me to pay attention to 12 charts on one screen while reading Scalping with Cigarguy posts or primarily watching those charts where the action is. When I step down to the M1 time frame the retrace or reversal indicator will alert me in time (one or two candles) to catch the momentum. All my charts remain on the M5 unless the above scenario presents. If there is a reversal signal and PVA signal...
I am fairly sure I can not attach it to a post on FF because of the Market restrictions but it is still there at no cost. Just go to the metatrader market/applications and select free then type in rever (I just checked). Should be second one called Reversal signal MTF created by P.S. I misspoke in my last post, the only setting I changed is the notification setting to alert and of course checked the first two inputs on the common panel. Please note that on the M5 the alerts may be numerous but they usually bear a worthwhile glance. If it becomes...
UJ M5 scalp, +34.5 (avg +6.9) Thanks fxj for the little reversal indicator as it helped me stalk the M5 and dropped down to M1 for entry as all PVSRA conditions were met and break of RDL......
.{quote} I also catched this move
