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PVSRA Scalping with Cigarguy

  • #1,321
  • Feb 22, 2016 9:44am Feb 22, 2016 9:44am
EU M1 FIFO scalp +16 (avg. +1.6) quick small pip scalp from retrace to 200 ema and dragon as short term resistance and ema's headed down with little volume due to time of day but enough as riding the ranging with the MM's.

Note: Quick small pip scalping such as this can only be profitable with a fast ECN and low costs or otherwise will be losers....
Attached Image (click to enlarge)
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  • #1,322
  • Feb 22, 2016 9:53am Feb 22, 2016 9:53am
Quoting cigarguy
rajib217, Check PM's please....
  • #1,323
  • Feb 22, 2016 10:19am Feb 22, 2016 10:19am
EU M1 scalp +42 (avg. +4.2) Entered short from MM pump and dump above quarter level with PA below 200 ema and dragon. Again, If I may point out this is ECN scalping...as we scalp ticks.....
Attached Image (click to enlarge)
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  • #1,324
  • Feb 22, 2016 10:43am Feb 22, 2016 10:43am
UJ M1 +4.3 Back from class and ready to scalp some...pips
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  • #1,325
  • Feb 22, 2016 11:02am Feb 22, 2016 11:02am
Quoting L1ndgren
UJ M1 +4.3 Back from class and ready to scalp some...pips {image}
Make some pips and join the party....kinda of slow time right now but... BTW, nice trade and chart as you obviously have mastered PVSRA scalping and great posting contributions....

NOTE; If you show your trade level tag on the screen it will save you some typing...up to you...
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  • #1,326
  • Feb 22, 2016 11:14am Feb 22, 2016 11:14am
Quoting cigarguy
{quote} Make some pips and join the party....kinda of slow time right now but... BTW, nice trade and chart as you obviously have mastered PVSRA scalping and great posting contributions....
I'd love to join

GU M1 +2.3. Normally I wouldn't trade in such a risky dual resistance/support area, however if you pay attention closely enough in real time (almost like tick scalping), you can see the pending Bear sell orders smashing down the bull momentum. Coupled with the M5 downtrend, I assumed the market would hold downward.
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  • #1,327
  • Feb 22, 2016 11:16am Feb 22, 2016 11:16am
PVSRA Scalpers;

Our new and improved OrderOnChart EA is in the final stages of beta testing and may be released tomorrow....It is so cool with lots of useful and fun enhancements...hours and hours of coding and testing have gone into this great tool.......
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  • #1,328
  • Feb 22, 2016 11:16am Feb 22, 2016 11:16am
Quoting cigarguy
{quote} NOTE; If you show your trade level tag on the screen it will save you some typing...up to you...
True, I found it was just cluttering my screen. I'll turn it back on if it helps others.
  • #1,329
  • Feb 22, 2016 11:19am Feb 22, 2016 11:19am
Quoting L1ndgren
{quote} I'd love to join GU M1 +2.3. Normally I wouldn't trade in such a risky dual resistance/support area, however if you pay attention closely enough in real time (almost like tick scalping), you can see the pending Bear sell orders smashing down the bull momentum. Coupled with the M5 downtrend, I assumed the market would hold downward. {image}
Lindgren,

Sounds familiar...Now let me think where have I heard that before......

Quote
If I may point out this is ECN scalping...as we scalp ticks.....
Keep It Simple
  • #1,330
  • Feb 22, 2016 11:19am Feb 22, 2016 11:19am
Quoting L1ndgren
{quote} True, I found it was just cluttering my screen. I'll turn it back on if it helps others.
Hmm not even sure what I turned off
  • #1,331
  • Feb 22, 2016 11:21am Feb 22, 2016 11:21am
Hope someone caught that 15 pip bull rally on GU!

Quoting cigarguy
{quote} Lindgren, Sounds familiar...Now let me think where have I heard that before......

  • #1,332
  • Edited 11:42am Feb 22, 2016 11:28am | Edited 11:42am
Quoting L1ndgren
Hope someone caught that 15 pip bull rally on GU! {quote}
Just be careful as we are entering the ranging and re-trace time.....I don't much like getting caught in some ranging into the Asian Session....as been there and done that....... Case in point the GU move you mentioned above..... If you look at GU closely, you can see lots of pumps and dumps by the MM's running PA above the half level and then dumping....

NOTE: One of the benefits of scalping/trading M1 is the low t/f action shown by the PVSRA candles and volume indicator that cannot be seen as it is sometimes masked on the higher t/f's .......so even if you trade the higher t/f's it is prudent to drop down to M1 for a good PVSRA entry.....
Attached Image (click to enlarge)
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  • #1,333
  • Feb 22, 2016 11:38am Feb 22, 2016 11:38am
Quoting cigarguy
{quote} Just be careful as we are entering the ranging and re-trace time.....I don't much like getting caught in some ranging into the Asian Session....as been there and done that....... Case in point the GU move you mentioned above..... If you look at GU closely, you can see lots of pumps and dumps by the MM's running PA above the half level and then dumping.... {image}
True
  • #1,334
  • Feb 22, 2016 12:34pm Feb 22, 2016 12:34pm
EU M1 scalp +34 (avg. +1.7) Not happy with this entry and trade as entered late on break of quarter level resistance with notable volume and M5 confirmed,. Didn't follow my own advice and got caught into some MM ranging..... but stayed with the trade due to 200 ema and dragon headed up and closed with small pips to get out of this one......
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  • #1,335
  • Feb 22, 2016 4:47pm Feb 22, 2016 4:47pm
AU M1 FIFO scalp +57 (avg. +5.7) Explanation on chart as entered after small retrace to dragon 50 ema all headed down....
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  • #1,336
  • Feb 22, 2016 7:06pm Feb 22, 2016 7:06pm
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  • #1,337
  • Feb 22, 2016 11:35pm Feb 22, 2016 11:35pm
GU short +5 pips

Two tests of previous support
then a solid break through 100 LV
Quick scalp... good start to the day
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  • #1,338
  • Feb 22, 2016 11:36pm Feb 22, 2016 11:36pm
now looking to go long on GU if it gives the right setup
  • #1,339
  • Feb 22, 2016 11:57pm Feb 22, 2016 11:57pm
BTW...
To all the new traders looking for an easy setup, that trade setup above happens pretty much everyday and is a very simple way to make +5 to +10 pips a day. This is how it goes...

MM's will usually whip prices around during euro and london open to do business. They target previous support/resistance and whole, half, and quarter LV's predominantly. Most of the time (not always) they test support and resistance to remove any obstacles (orders) in their way and then they finally shoot through with a solid candle. You definitely want to see a solid candle with no major wicks and decent volume as above though as this shows that there is purpose behind this quick move and is an easy way to take a few pips.
  • #1,340
  • Feb 23, 2016 12:03am Feb 23, 2016 12:03am
Quoting crameka
BTW... To all the new traders looking for an easy setup, that trade setup above happens pretty much everyday and is a very simple way to make +5 to +10 pips a day.
EU just did the same thing short... but was quite risky as quarter LV was a few pips off
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