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PVSRA Scalping with Cigarguy

  • #1,441
  • Feb 26, 2016 5:56am Feb 26, 2016 5:56am
EU M1 High Risk Post News scalp +49 (avg. +9.8)
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  • #1,442
  • Feb 26, 2016 6:03am Feb 26, 2016 6:03am
It appears most had a profitable week.....
Attached Image
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  • #1,443
  • Feb 26, 2016 6:30am Feb 26, 2016 6:30am
Quoting cigarguy
{quote} mil4, Nice trade and clean chart.....just be a careful with the 200 ema entries as they are often respected as areas of support for quick retraces...... {image}
Thank You Mr.Cigarguy
  • #1,444
  • Feb 26, 2016 6:32am Feb 26, 2016 6:32am
Quoting mil4
{quote} Thank You Mr.Cigarguy
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  • #1,445
  • Feb 26, 2016 6:50am Feb 26, 2016 6:50am
EU M1 FIFO scalp +46 (avg. +9.2) CT retrace/profit taking trade.
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  • #1,446
  • Edited 7:26am Feb 26, 2016 7:09am | Edited 7:26am
EU M1 Very FIFO scalp +16 (avg. +3.2) fast scalp from bounce from half number key level as short term support (scalping ticks)

NOTE: I normally do not post these tick scalps as for experienced scalpers only, but received some PM's requesting, so I posted a couple today. This method of scalping requires many hours of screen time with only 1 or 2 pairs to understand and know how they normally (not always of course) move...
so be careful as high risk scalping and many times not a confirmed PVSRA trade......I do not want to deviate from our PVSRA scalping in this thread, as many times these scalps are contrarian trades. I will only post on request for those experienced as they do not adhere to our PVSRA entry rules.........
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  • #1,447
  • Feb 26, 2016 7:54am Feb 26, 2016 7:54am
AUDUSD PVSRA FIFO Short Trade open/Close:
Explanation on chart.
14.6 pips average, 526 pips total gain.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDiM5 PVSRA FIFO Short 26.2..png Size: 76 KB
PVSRA
  • #1,448
  • Feb 26, 2016 8:08am Feb 26, 2016 8:08am
Quoting Fisher755
AUDUSD PVSRA FIFO Short Trade open/Close: Explanation on chart. 14.6 pips average, 526 pips total gain. {image}
Fisher755,

Closed on high activity candle......why so soon why not RDL was next area as support for more pips as your style unlike mine for 5 pips.........
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  • #1,449
  • Feb 26, 2016 8:24am Feb 26, 2016 8:24am
Quoting cigarguy
{quote} Fisher755, Closed on high activity candle......why so soon why not RDL was next area as support for more pips as your style unlike mine for 5 pips......... {image}


It was much larger size than I usualy trade becouse I had UJ trade running and watcing carefully, so I wanted to close AU fast. FIFO trade with momentum not to take my focus away from other pairs.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ PVSRA Long 26.2..png Size: 70 KB
PVSRA
  • #1,450
  • Feb 26, 2016 8:27am Feb 26, 2016 8:27am
Quoting Fisher755
{quote} It was much larger size than I usualy trade becouse I had UJ trade running and watcing carefully, so I wanted to close AU fast. FIFO trade with momentum not to take my focus away from other pairs. {image}
Fisher755,

I knew you had a good reason.......as your chart did not appear as your usual style...... As you like to let PA continue a run with that high volume....
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  • #1,451
  • Feb 26, 2016 8:36am Feb 26, 2016 8:36am
Quoting cigarguy
{quote} Fisher755, I knew you had a good reason.......as your chart did not appear as your usual style...... As you like to let PA continue a run with that high volume....
Yep, just closed nice TVT20 Short AJ and that's probably it until next week.
26.7 pips average, 534 pips total gain.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYiM15 PVSRA TVT20 Short 26.2..png Size: 82 KB
PVSRA
  • #1,452
  • Feb 26, 2016 8:42am Feb 26, 2016 8:42am
Quoting Fisher755
{quote} Yep, just closed nice TVT20 Short AJ and that's probably it until next week. 26.7 pips average, 534 pips total gain. {image}

Fisher755,

Nice trade and I am sure a good week as well and glad to see you added the 200 ema to your charts as it is often respected as S & R..........
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  • #1,453
  • Feb 26, 2016 10:12am Feb 26, 2016 10:12am
Quoting Fisher755
{quote} It was much larger size than I usualy trade becouse I had UJ trade running and watcing carefully, so I wanted to close AU fast. FIFO trade with momentum not to take my focus away from other pairs. {image}
Fisher755,

Why are you entering so soon as riskier then waiting for higher volume and momentum and break of last candle high...... Now you are making risky trades like me.....
Attached Image (click to enlarge)
Click to Enlarge Name: UJ PVSRA Long 26.2..png Size: 113 KB
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  • #1,454
  • Feb 26, 2016 10:24am Feb 26, 2016 10:24am
Quoting cigarguy
{quote} Fisher755, Why are you entering so soon as riskier then waiting for higher volume and momentum and break of last candle high...... Now you are making risky trades like me..... {image}


Well, dear Cigarguy, I entered on the break up of the whole level. But if you wrote a letter to the MMs and they told you exactly what they plan to do with the price and when exactly they plan to break up and steam up momentum, then why didn't you tell me earlier...
( BTW, I was watching H4 also and PA was at crossroads - 50 EMA on H4 at the time of my entry and on Daily the current candle looked like small retrace down from previous candle high was finnished..and so on and so on. We could discuss it forever. )
PVSRA
  • #1,455
  • Feb 26, 2016 10:25am Feb 26, 2016 10:25am
Quoting Fisher755
{quote} Well, dear Cigarguy, I entered on the break up of the whole level. But if you wrote a letter to the MMs and they told you exactly what they plan to do with the price and when exactly they plan to break up and steam up momentum, then why didn't you tell me earlier...

Fisher755,

You didn't get the memo.......
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  • #1,456
  • Feb 26, 2016 10:45am Feb 26, 2016 10:45am
Quoting Fisher755
{quote} Well, dear Cigarguy, I entered on the break up of the whole level. But if you wrote a letter to the MMs and they told you exactly what they plan to do with the price and when exactly they plan to break up and steam up momentum, then why didn't you tell me earlier... ( BTW, I was watching H4 also and PA was at crossroads - 50 EMA on H4 at the time of my entry and on Daily the current candle looked like small retrace down from previous candle high was finnished..and so on and so on. We could discuss[/highlight]...
Fisher755,

I miss our discussions and sometimes agreeing to disagree......... I was just saying based on this chart without higher t/f considerations it appears safer to wait for a PVSRA set up with all conditions met that soon came.......

Have a great weekend and enjoy your beautiful boat..........
Attached Image (click to enlarge)
Click to Enlarge Name: UJ PVSRA Long 26.2..png Size: 126 KB
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  • #1,457
  • Feb 26, 2016 11:13am Feb 26, 2016 11:13am
Cigarguy,
I am new to this thread but I am eager to start demoing this system. I am also as a FIFOesque scalper and it looks very appealing for that style of trading. I appreciate the time you've put into sourcing and compiling all the information regarding this system. My thanks to Tah as well, for his efforts in its creation.

As it is the weekend, it's time for me to enjoy a nice stogie but I'll be posting some trades come Monday
  • #1,458
  • Feb 26, 2016 11:17am Feb 26, 2016 11:17am
Quoting SigmaEnigma
Cigarguy, I am new to this thread but I am eager to start demoing this system. I am also as a FIFOesque scalper and it looks very appealing for that style of trading. I appreciate the time you've put into sourcing and compiling all the information regarding this system. My thanks to Tah as well, for his efforts in its creation. As it is the weekend, it's time for me to enjoy a nice stogie but I'll be posting some trades come Monday
SigmaEnigma,

Great and welcome...... Looking forward to your PVSRA contributions next week.....

Enjoy this one on me.....
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  • #1,459
  • Feb 26, 2016 11:36am Feb 26, 2016 11:36am
Have a good weekend all.......

Stay GREEN My Friends!

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  • #1,460
  • Feb 27, 2016 5:21am Feb 27, 2016 5:21am
Hi Cigarguy,

followed this great thread as a still reader since the start. Itīs quite amazing how this works for you. I would like to expand my arsenal of trading weapons a little bit and what I really like about this style is that it minimizes time in the market so that the MMs do not have a lot of time to get your profits back.

What I am really insecure about is how you find your setups. Could you please explain how you do identify potential candidates for a trade? Itīs quite hard (for myself) to follow more than three charts at once and hopping through 28 charts is not the best way imho.

Do you have a daily routine during which you identify candidates and then wait for the signal? In one of your posts you mentioned that the CSM is not your primary tool to identify potential trades. Do you consider the higher timeframe? I.e. PA on M5 points out that MMs are bearish, then wait for the PA on M1 to follow the direction of the trend on M5? Since most of the trades shown are taken in the lowest timeframe a timeframe greater than M5 would be not relevant, right?

The most "probable" setup seems to me when PA retraces back into dragon and then reverses again. The break of former highs and natural S&R on high volume would be my starting point. This is what the attached screenshot shows.

Best regards and many thanks in advance.
Attached Image (click to enlarge)
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