EU M1 scalp +25 (avg. +2.5) Explanation on chart......
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- #1,101
- Feb 15, 2016 9:55am Feb 15, 2016 9:55am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
- #1,102
- Edited 11:13am Feb 15, 2016 10:15am | Edited 11:13am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EU M1 scalp +19 (avg. +1.9) explanation on chart.....
+227 Trying to quit but these crooked MM's keep throwing pips my way......
+227 Trying to quit but these crooked MM's keep throwing pips my way......
Keep It Simple
- #1,103
- Feb 15, 2016 11:26am Feb 15, 2016 11:26am
EU M1 scalp +25 (avg. +2.5) Explanation on chart......
- #1,104
- Edited 2:45pm Feb 15, 2016 1:42pm | Edited 2:45pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} I can understand the exit, but I don't understand the entry here. Because one candle opened and closed above dragon? I'm curious, do you ever have losing trades, your past trades all seemed to be wiped from the charts.
Wiped from the charts! .....No, if you understand how to use the PVSRA #1 Trade Levels indicator (by reading the user notes) you would know that it has user inputs allowing for focus on the most recent trade levels only displayed for information (training) purposes. Each trader here, goes to great lengths to take time from their trading day to not only posts their charts, but to give detailed explanations for entries and exits (not bragging rights but traders helping traders). If each trader kept each trade level on their charts, they would become too cluttered and distracting from the current trade and explanation. If a trader only posted only one chart for the LO, NYO and Asian Session depicting all trades, they mostly would be unreadable for the observer to gain insight for those trades.
Of course I have loosing trades and I have and always will post them as well as winners. Just none recently as evidenced by many of my trades being closed even prior to reaching the 5 pips due to trade management, trading only the overlap of LO/NYO with good momentum and mostly choosing high probability entries and watching each trade like a hawk.........coupled with years of scalping experience......
The advantage of trading our PVSRA FIFO scalping system, is that we are targeting a small 5 +/- pips T/P. Trading with the PVSRA system allows traders the unique advantage of observing PA, Support/Resistance and volume all together which offers a unique insight as to what the MM's (aka smart money) have in mind (absent from most trading systems).
This insight, coupled with a very fast and quick T/P target with little or no DD is easy to reach (or very close to it), as evidenced by the new traders who have dedicated themselves to learning/practice and are now posting great profitable trades......
Thank you for your appropriate question and I hope that I answered to your satisfaction and if you wish to learn our PVSRA scalping/trading system, I suggest you begin your journey at Post #1............
Case in point; here is the EU M5 as you can see it would be extremely difficult to explain each trade as a group to help new traders as I stated above. I also have some very small trades with only 1 or 2 pip profits that I don't even bother to post. This is how many PVSRA FIFO scalpers trade. Notice the avg. pips, less then 5 only +3.1 due to close trade management but the total pips is still OK for me!........I and other traders, could post a consolidated trade chart at the end of the trading session (which would take far less time from the trader then posting each one) but it would be virtually impossible to explain each past trade as an endeavor to help other traders.....I could most certainly post a End of Day chart like this but I have no idea how it would be of help to a new trader.......
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- #1,105
- Feb 15, 2016 3:07pm Feb 15, 2016 3:07pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EU M5 scalp +26 (avg. +5.2) explanation on the chart.....
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- #1,106
- Edited 5:18pm Feb 15, 2016 5:02pm | Edited 5:18pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Uj M5 scalp +29 (avg. +5.8) Explanation on chart.....
Ref. Post #1104 above, why PVSRA traders post using the Trade Levels Indicator for each trade (detailed explanation such as this for new traders would be impossible if grouped)......
Ref. Post #1104 above, why PVSRA traders post using the Trade Levels Indicator for each trade (detailed explanation such as this for new traders would be impossible if grouped)......
Keep It Simple
- #1,107
- Feb 15, 2016 5:31pm Feb 15, 2016 5:31pm
{quote} Lindgren and Traders with similar questions; Wiped from the charts! .....No, if you understand how to use the PVSRA #1 Trade Levels indicator (by reading the user notes) you would know that it has user inputs allowing for focus on the most recent trade levels only displayed for information (training) purposes. Each trader here, goes to great lengths to take time from their trading day to not only posts their charts, but to give detailed explanations for entries and exits (not bragging rights but traders helping traders). If each trader kept...
- #1,108
- Edited 6:03pm Feb 15, 2016 5:51pm | Edited 6:03pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Thanks for taking the time to explain, it really lends credence. However, and I know I'm being picky, I don't understand the entry on the one post I quoted. I see open and close above EMA, but no real volume. I also see 200EMA as resistance but besides the currency indicator's green arrow, I think it's entirely possible the price could have moved in the opposite direction. Where would you have put your stop loss? I apologize if I am asking too much, I appreciate the posts alone in helping me learn and I understand if I need to figure this...
NP, we are here to help not just post charts with winning trades. I have been trading for a long time and I could be doing other things but I enjoy helping as others helped me when I started......
As for that particular trade, scalping PVSRA does of course incorporate entry/exit rules. This type of scalping becomes somewhat of an art form coupled with the traders experience through the years. Some trades adhere strictly to the given rules and others are based on many hundreds of hours of screen time and and experience and are extremely difficult to explain. After watching select currencies for hours you often get a feel for that particular currency and how it trades/reacts during different trading sessions. I have entered many trades in the middle of NO MAN LAND against all rules but only with good momentum which will carry me to a quick 5 pips. These you can't teach you just acquire the feel over time for the momentum and MM's intentions.
I have the benefit of 4 monitors with different tools that I watch and when a high probability scalp presents itself, as a FIFO scalper I don't take time to even think and I just pull the trigger. Is it always a PVSRA Classic set up, of course not, but I have learned to take my emotions out of the trade and just act or react, sometimes good and sometimes bad......
The above trade Post #1106 was easy to explain as all conditions for a profitable scalp were present, but that is not always the case as I often rely on other factors.
Oh yes and BTW, I only place a emergency stop many pips away in case of a computer failure and manage and watch each trade like a hawk. Probably 95% of my scalps are closed within seconds or minutes. If PA stalls or quickly retraces I will close fast and take 1 or 2 pips as seen on my posted charts many below my 5 pip target as this habit comes from my old tick scalping days hence few losses but lots of small winners..........
Keep It Simple
- #1,109
- Feb 15, 2016 6:09pm Feb 15, 2016 6:09pm
{quote} Lindgren, NP, we are here to help not just post charts with winning trades. I have been trading for a long time and I could be doing other things but I enjoy helping as others helped me when I started......
- #1,110
- Feb 15, 2016 6:10pm Feb 15, 2016 6:10pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Thanks, I really appreciate it. Every detail is important to me since I learn best by understanding others' thought processes.
Keep It Simple
{quote} Lindgren, NP, we are here to help not just post charts with winning trades. I have been trading for a long time and I could be doing other things but I enjoy helping as others helped me when I started......
- #1,114
- Feb 15, 2016 11:16pm Feb 15, 2016 11:16pm
- Joined Jan 2015 | Status: PVSRA with Traderathome | 1,689 Posts
GBPJPY PVSRA FIFO Short Trade Open/Close:
Explanation on chart.
10.6 pips average, 74 pips total gain.
Explanation on chart.
10.6 pips average, 74 pips total gain.
PVSRA
- #1,117
- Feb 16, 2016 4:12am Feb 16, 2016 4:12am
EJ short +4.5 pips
A little late posting this one... internet been dropping out
M5 trending
M1 good momentum break through support... quick pips to half number where it found support for a few mins
good volume coming down as well
A little late posting this one... internet been dropping out
M5 trending
M1 good momentum break through support... quick pips to half number where it found support for a few mins
good volume coming down as well
- #1,118
- Feb 16, 2016 4:48am Feb 16, 2016 4:48am
EU M1 scalp +19 (avg. +1.9) explanation on chart.....
Nice going cigarguy. When you say +227 etc, does this mean total pips for the day/month etc?
Thanks in advance
