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PVSRA Scalping with Cigarguy

  • #1,021
  • Feb 11, 2016 3:22pm Feb 11, 2016 3:22pm
Here is the MT4 link for anyone wanting to try the reversal signal indicator mtf as mentioned by fxj earlier;

https://www.mql5.com/en/market/mt4/i.../free?count=42
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  • #1,022
  • Edited 5:30pm Feb 11, 2016 3:30pm | Edited 5:30pm
UJ M1 scalp +3.4 quick FIFO live trade with small lot testing the above indicator on break of half number after small retrace to Dragon with notable down volume.

As suspected, quick retrace from 200 EMA short term support & DO.......reason for a fast exit......

NOTE: Little reversal indi. appears to be coinciding with our PVSRA candles pretty close although this is extremely light volume/momentum Asian session. Watching on M5 as well for heads up to drop down to M1 for PVSRA entry with conditions met. fxj might have contributed a nice little tool as time will tell and all comments welcomed...........
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPYiM1.png Size: 63 KB
Click to Enlarge Name: USDJPYiM1 2.png Size: 79 KB
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  • #1,023
  • Feb 11, 2016 4:06pm Feb 11, 2016 4:06pm
UJ M1 FIFO scalp +7.8 entered on break of half number & DO with notable down volume and JPY strength........
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiM1.png Size: 79 KB
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  • #1,024
  • Edited 4:30pm Feb 11, 2016 4:12pm | Edited 4:30pm
UJ M1 scalp +6.4 entered again for above reasons as down MM momentum increased and quickly close prior to retrace (profit taking) suspected near whole number.

Bottom Chart: Retraced/profit taking as usual after fast run up/down.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPYiM1.png Size: 74 KB
Click to Enlarge Name: USDJPYiM5.png Size: 94 KB
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  • #1,025
  • Feb 11, 2016 5:26pm Feb 11, 2016 5:26pm
UJ M5 scalp +3.9 I missed the correct entry (yellow box) and got this little one after retrace back to half number as was not watching UJ. Oh well, pips R pips....
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiM5.png Size: 87 KB
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  • #1,026
  • Feb 11, 2016 6:21pm Feb 11, 2016 6:21pm
UJ M1 Scalp +6.1 entered after small retrace to Dragon PA and EMA under 200 EMA with notable volume and JPY strength.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiM1.png Size: 74 KB
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  • #1,027
  • Feb 11, 2016 6:39pm Feb 11, 2016 6:39pm
Quoting cigarguy
UJ M1 Scalp +6.1 entered after small retrace to Dragon PA and EMA under 200 EMA with notable volume and JPY strength. {image}
I noticed you took of the reversal indicator for this chart, is that just because it's M1 and not M5?
  • #1,028
  • Feb 11, 2016 6:42pm Feb 11, 2016 6:42pm
Quoting L1ndgren
{quote} I noticed you took of the reversal indicator for this chart, is that just because it's M1 and not M5?
Lindgren,

No, I have several charts open and just happened to post this one no other reason. I have 4 monitors and sometimes post from different ones, but good observation on your part as nice to know someones awake watching Asia besides me.......
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  • #1,029
  • Feb 11, 2016 6:46pm Feb 11, 2016 6:46pm
Quoting cigarguy
{quote} Lindgren, No, I have several charts open and just happened to post this one no other reason. I have 4 monitors and sometimes post from different ones, but good observation on your part as nice to know someones awake watching Asia besides me.......
I'm just trying to figure out when the arrows paint. If they paint during the bar, 90% of the time I notice there's still time to open a position and get a few pips out even if the trend reverses the other direction a couple bars later.
  • #1,030
  • Feb 11, 2016 6:55pm Feb 11, 2016 6:55pm
Quoting L1ndgren
{quote} I'm just trying to figure out when the arrows paint. If they paint during the bar, 90% of the time I notice there's still time to open a position and get a few pips out even if the trend reverses the other direction a couple bars later.
Lindgren,

A few posts back fxj posted his example of how he uses it on M5 and then drops down to M1 for entry, if I read him correctly. I just dropped it onto a couple of charts M5 and M1 to see if it does plays well with our PVSRA system. The Asian Session is actually not a good session, IMO to give it or any indicator/EA a trial as too choppy and LO and NYO will probably give us a much more accurate look.

Thanks for your question and comments.....that's the kind of thinking encouraged here......
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  • #1,031
  • Feb 11, 2016 7:36pm Feb 11, 2016 7:36pm
EJ M5 scalp +7.6 Entered long (with reduced lots for Asia) after retrace to quarter level and break of Dragon and 200 EMA with quick T/P 127.250 quarter level with notable volume.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYiM5.png Size: 82 KB
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  • #1,032
  • Feb 11, 2016 7:39pm Feb 11, 2016 7:39pm
could get more pips in this area
Attached Image (click to enlarge)
Click to Enlarge Name: could.JPG Size: 176 KB
1 simple mistake makes you become 1000x better.
  • #1,033
  • Feb 11, 2016 7:45pm Feb 11, 2016 7:45pm
Asia Session made me work hard today for my +35.2 going to rest as done for today....time for a cigar and martini.....

Stay GREEN My Friends
Attached Image
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  • #1,034
  • Feb 11, 2016 7:59pm Feb 11, 2016 7:59pm
Quoting cigarguy
I found this additional information in re; Currency Correlation sparked by a previous comment that some may wish to comment with trading experience....... {image}
Can any one make an Indicator based on this co relation?
  • #1,035
  • Feb 11, 2016 8:04pm Feb 11, 2016 8:04pm
EJ M5 scalp +5.4, Almost got away......saw this little quick scalp entered on break of 127.500 half number with good momentum...
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYiM5.png Size: 81 KB
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  • #1,036
  • Feb 11, 2016 8:08pm Feb 11, 2016 8:08pm
Quoting rajib217
{quote} Can any one make an Indicator based on this co relation?
rajib217,

During my FF travels through the years, I did see one on a thread but didn't save it and can't remember where...... If you want to search FF or MT4 indicators, one is out there somewhere....I kind of remember it had a bunch of squiggly colored lines each representing a currency in a bottom window or maybe someone else knows.........
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  • #1,037
  • Feb 11, 2016 8:10pm Feb 11, 2016 8:10pm
another quick scalp on AJ , strong bearish pressure on M5 , touch RWL line, was a good trading on asian session
Attached Image (click to enlarge)
Click to Enlarge Name: another.JPG Size: 166 KB
1 simple mistake makes you become 1000x better.
  • #1,038
  • Feb 11, 2016 8:12pm Feb 11, 2016 8:12pm
Quoting cigarguy
Asia Session made me work hard today for my +35.2 going to rest as done for today....time for a cigar and martini..... Stay GREEN My Friends {image}
may the Green Pips always be with you
1 simple mistake makes you become 1000x better.
  • #1,039
  • Feb 11, 2016 8:27pm Feb 11, 2016 8:27pm
Quoting oswell
another quick scalp on AJ , strong bearish pressure on M5 , touch RWL line, was a good trading on asian session {image}
Keep It Simple
  • #1,040
  • Feb 11, 2016 8:42pm Feb 11, 2016 8:42pm
Quoting cigarguy
{quote} rajib217, During my FF travels through the years, I did see one on a thread but didn't save it and can't remember where...... If you want to search FF or MT4 indicators, one is out there somewhere....I kind of remember it had a bunch of squiggly colored lines each representing a currency in a bottom window or maybe someone else knows.........
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