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PVSRA Scalping with Cigarguy

  • #1,281
  • Feb 21, 2016 8:02pm Feb 21, 2016 8:02pm
Hi all, I'm a newbie and I've been reading PVSRA since mid-December and reading this PVSRA scalping thread since it started. I've been mostly demo trading last year but I've taken the plunge to go live recently and I think I'm getting some okay trades now. Still using small lots since this account I'm funding is small and I'm still learning!

USDJPY +5.5 pips, explanation on the chart
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1 5-5p 1022 22Feb2016 FFpost.png Size: 47 KB
  • #1,282
  • Feb 21, 2016 8:13pm Feb 21, 2016 8:13pm
Quoting cigarguy
{quote} Lindgren, AH Ha, you caught that....I have a hour timer set on each chart and whatever pair I am stalking, I will wait for the new hour candle and most often the first move will have good momentum. I have been advising others ad nauseam with a heads up to watch for this move......congrats for a good observation.....
Just trying to make you proud
  • #1,283
  • Feb 21, 2016 8:19pm Feb 21, 2016 8:19pm

NOTE FOR ANYONE INTERESTED IN REFERENCE TO HOUR CANDLE MOVE;


I uploaded a M-Candle indicator in the paperclip above some posts back. I have this candle set for H1 and have an overlay with regular candles to watch for this move at the beginning of the new hour candle on a dedicated chart.

If a good momentum moves occurs I will look at a PVSRA chart for a confirmed setup......these moves happen often and offer up some nice pips usually very fast depending on the Session and time of day of course.......just a FYI......
Keep It Simple
  • #1,284
  • Feb 21, 2016 8:27pm Feb 21, 2016 8:27pm
AJ scalp +56 (avg. +5.6) Explanation on chart.....
Attached Image (click to enlarge)
Click to Enlarge Name: TradeSnapshot2016-02-21_19-23-09_AUDJPYi_M1_.png Size: 46 KB
Keep It Simple
  • #1,285
  • Feb 21, 2016 8:37pm Feb 21, 2016 8:37pm
Quoting Bunya
Hi all, I'm a newbie and I've been reading PVSRA since mid-December and reading this PVSRA scalping thread since it started. I've been mostly demo trading last year but I've taken the plunge to go live recently and I think I'm getting some okay trades now. Still using small lots since this account I'm funding is small and I'm still learning! USDJPY +5.5 pips, explanation on the chart {image}
Bunya,

Welcome and thanks for the post. It's always nice to hear from those that took it upon themselves to learn/study/practice and then contribute with a nice story and positive pips......hoping to see more posts with good explanations....
Keep It Simple
  • #1,286
  • Feb 21, 2016 9:07pm Feb 21, 2016 9:07pm
AJ M1 scalp +56 again (avg. +5.6) Explanation on chart.....
Attached Image (click to enlarge)
Click to Enlarge Name: TradeSnapshot2016-02-21_20-06-42_AUDJPYi_M1_.png Size: 43 KB
Keep It Simple
  • #1,287
  • Feb 21, 2016 9:08pm Feb 21, 2016 9:08pm
Couple trades on this chart but main one was +17.7 pips, I made a few mistakes (they teach me valuable lessons) but overall had a decent profit.

UJ +14.2 pips overall (+17.7 pips, 0.5 pips and -4.0 pips), explanation on chart

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1 17-7p 1106 22Feb2016.png Size: 71 KB
  • #1,288
  • Feb 21, 2016 9:22pm Feb 21, 2016 9:22pm
Quoting Bunya
Hi all, I'm a newbie and I've been reading PVSRA since mid-December and reading this PVSRA scalping thread since it started. I've been mostly demo trading last year but I've taken the plunge to go live recently and I think I'm getting some okay trades now. Still using small lots since this account I'm funding is small and I'm still learning! USDJPY +5.5 pips, explanation on the chart {image}
Bunya,

Hey your making pips and not loosing as capital preservation is important allowing to live and play another day..... Don't know if your doing it or not, but might want to look at the M5 and M1 and wait for M1 to retrace away from the M5 trend and look for a PVSRA confirmed entry once M1 re-joins the trend...
....just a FYI...... If you happen to get a good fib 38.2% retrace ( but be careful if PA runs to 61.8% because could be a trend change )even better and you can set your t/p using your fibs if you wish.

Just watch like a hawk...:nerd:
Keep It Simple
  • #1,289
  • Feb 21, 2016 10:05pm Feb 21, 2016 10:05pm
Quoting Bunya
Couple trades on this chart but main one was +17.7 pips, I made a few mistakes (they teach me valuable lessons) but overall had a decent profit. UJ +14.2 pips overall (+17.7 pips, 0.5 pips and -4.0 pips), explanation on chart {image}
Hi Bunya, do you use a dynamic fib or what?
  • #1,290
  • Edited 11:33pm Feb 21, 2016 11:16pm | Edited 11:33pm
Quoting cigarguy
{quote} Bunya, Hey your making pips and not loosing as capital preservation is important allowing to live and play another day..... Don't know if your doing it or not, but might want to look at the M5 and M1 and wait for M1 to retrace away from the M5 trend and look for a PVSRA confirmed entry once M1 re-joins the trend... ....just a FYI...... If you happen to get a good fib 38.2% retrace ( but be careful if PA runs to 61.8% because could be a trend change )even better and you can set your t/p using your fibs if you wish. Just watch...
Cigarguy thanks for your insights! I try to watch M1 and M5 while looking for a trade, and glance at M15 and H1 each hour, will now watch them like a hawk!

Quoting L1ndgren
{quote} Hi Bunya, do you use a dynamic fib or what?
L1ndgren I use the automatic Fibs from the access panel indicator in the PVSRA template. It gives me the exact same result as another auto fibo indicator (spudfibo) cigarguy shared in the original PVSRA thread back in January. Both are on my H1 chart and they are exactly the same.
  • #1,291
  • Feb 22, 2016 1:09am Feb 22, 2016 1:09am
Afternoon guys... Been out of action for the last few days... happy to be back and off to a good start

GU short +6 pips
Testing support a few times
Then solid break
nice quick trade down to previous low
Attached Image (click to enlarge)
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  • #1,292
  • Feb 22, 2016 1:44am Feb 22, 2016 1:44am
UJ long +5pips

MM's take market below PVT, quarter LV, Previous low
good volume = alot of business
bullish reaction
quick trade or FIFO as you all call it
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 77 KB
  • #1,293
  • Feb 22, 2016 3:00am Feb 22, 2016 3:00am
UJ Short +5pips

Fake break long
looking for the short... formed small support and then entered on the break from M1 dragon and support

Took its time but got there
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 61 KB
  • #1,294
  • Feb 22, 2016 3:19am Feb 22, 2016 3:19am
First trade to show off, hope it will be more
Attached Image (click to enlarge)
Click to Enlarge Name: 3USDCHF.png Size: 73 KB
  • #1,295
  • Feb 22, 2016 5:37am Feb 22, 2016 5:37am
Some nice trades and good explanations.....
Keep It Simple
  • #1,296
  • Feb 22, 2016 5:56am Feb 22, 2016 5:56am
GU short +5pips - Retracement to 1/4 number and RWL with weak Pound and strong Dollar following downtrend.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m1-22-02-16.png Size: 49 KB
  • #1,297
  • Feb 22, 2016 6:01am Feb 22, 2016 6:01am
EJ M1 Scalp +73 (avg. +7.3) Explanation on both M1 and M5 charts......Nice start for this week.....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: TradeSnapshot2016-02-22_04-54-30_EURJPYi_M1_.png Size: 47 KB
Click to Enlarge Name: TradeSnapshot2016-02-22_04-58-28_EURJPYi_M5_.png Size: 51 KB
Keep It Simple
  • #1,298
  • Feb 22, 2016 6:04am Feb 22, 2016 6:04am
Quoting Vape
GU short +5pips - Retracement to 1/4 number and RWL with weak Pound and strong Dollar following downtrend. {image}

Vape,

Trade and explanation.... We are getting some dangerous PVSRA FIFO scalpers here......
Keep It Simple
  • #1,299
  • Feb 22, 2016 6:15am Feb 22, 2016 6:15am
It appears that most are understanding the nice benefit of FIFO PVSRA scalpimg for a quick 5 +/- pips....

Yes of course often many pips are left on the table, but personally I like having my quick pips banked with little or no DD without the stress of watching trades for hours ranging and re-tracing (been there and done that). Once pips are safely banked, then on to the stalking of another PVSRA scalp set up.....Just my opinion..
Keep It Simple
  • #1,300
  • Feb 22, 2016 6:26am Feb 22, 2016 6:26am
I was busy and missed these EU M1 set ups, but hope some caught and enjoyed the ride....

Note: Typing error, not half number resistance but SUPPORT.....need more coffee.....
Attached Image (click to enlarge)
Click to Enlarge Name: TradeSnapshot2016-02-22_05-21-29_EURUSDi_M5_.png Size: 47 KB
Keep It Simple
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