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PVSRA Scalping with Cigarguy
- #2,383
- Apr 1, 2016 5:25am Apr 1, 2016 5:25am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EU M1 +5 pips. Explaination on chart. {image}
I was stalking that as well but decided to stay out due to News but good catch....
Keep It Simple
- #2,387
- Apr 1, 2016 8:51am Apr 1, 2016 8:51am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
post NFP, nice weekend and stay green {image}
Keep It Simple
- #2,389
- Apr 1, 2016 7:43pm Apr 1, 2016 7:43pm
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
EURJPY 1M chart.
Reasons for entry
- Double red candles with a hammer between them confirmed the move was bearish.
- Dragon was moving down
- PA trading below dragon
Reasons for exiting
- This was actually an operation mistake! I right clicked on it and I wanted to click on "edit order", but I accidentally hit the "close order" item. Too bad as this was a very big move downwards.
Reasons for entry
- Double red candles with a hammer between them confirmed the move was bearish.
- Dragon was moving down
- PA trading below dragon
Reasons for exiting
- This was actually an operation mistake! I right clicked on it and I wanted to click on "edit order", but I accidentally hit the "close order" item. Too bad as this was a very big move downwards.
- #2,390
- Apr 2, 2016 7:19am Apr 2, 2016 7:19am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EURJPY 1M chart. Reasons for entry - Double red candles with a hammer between them confirmed the move was bearish. - Dragon was moving down - PA trading below dragon Reasons for exiting - This was actually an operation mistake! I right clicked on it and I wanted to click on "edit order", but I accidentally hit the "close order" item. Too bad as this was a very big move downwards.
Nice explanation and I've been there and done that as well, but many more will come..........
Keep It Simple
- #2,391
- Edited 12:33pm Apr 2, 2016 9:02am | Edited 12:33pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
I just accidentally came across a thread discussing the possibilities of coding an EA for scalping very similar to our PVSRA scalping system. Maybe some Genius will code such that enters below or above the 50 & 200 emas with notable volume and PA location relative to key levels as S & R confirmation. This would be difficult for me to wrap my head around, as gaining insight to possible Market Makers intentions and riding their shirt tails, but who knows in this high technology trading era.....I would never say never.....
I personally have never put much faith in mechanical systems as most seem to fail in the long run so I have stayed true to old school manual trading. I do not want to turn this thread into a SEARCH FOR THE HOLY GRAIL EA thread, but in keeping an open mind as I stated at Post #1, while thinking out of the box and sharing ideas, any coders ideas would be welcomed as long as PVSRA entry related...it appears this Pandora's Box has already been opened
elsewhere.......
I can only hope not.....
I personally have never put much faith in mechanical systems as most seem to fail in the long run so I have stayed true to old school manual trading. I do not want to turn this thread into a SEARCH FOR THE HOLY GRAIL EA thread, but in keeping an open mind as I stated at Post #1, while thinking out of the box and sharing ideas, any coders ideas would be welcomed as long as PVSRA entry related...it appears this Pandora's Box has already been opened
elsewhere.......
the phrase "to open Pandora's box" means to perform an action that may seem small or innocent, but that turns out to have severely detrimental and far-reaching negative consequences.
I can only hope not.....
Keep It Simple
- #2,392
- Apr 3, 2016 6:40pm Apr 3, 2016 6:40pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Keep It Simple
