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PVSRA Scalping with Cigarguy

  • #2,421
  • Apr 5, 2016 4:22am Apr 5, 2016 4:22am
Quoting Benihana
{quote} Thank you my friend. I appreciate your kind words and respect.. I may just be burned out. I'm tired, angry and just cant take the pressure anymore . I want to be here to make people good trades and good decisions and I have failed at both
Take the rest off the day off.
Loosers happens. ( I trade a different way then you guys so I take losers all the time but they are mostly small compared to my winners so I am maybe more used to the losing trades, Anyway I only need 1 winner to take out 2 to 3 losing trades and I mostly trade with 50% rate ) . Unexpected things happens and we can come in to revenge mode. It is dangerous in trading and it happens me to. Market is here tomorrow too and then you have fresh head again . To trade when you are emotional I think is some off the biggest mistake an trader can do.
Trading in the shadow of SM
  • #2,422
  • Edited 4:44am Apr 5, 2016 4:33am | Edited 4:44am
Quoting Benihana
{quote} Thank you my friend. I appreciate your kind words and respect.. I may just be burned out. I'm tired, angry and just cant take the pressure anymore . I want to be here to make people good trades and good decisions and I have failed at both
Anytime buddy. Just take it easy and keep trading (stress free). Trading forex is a great second side income.

By the way, I would not worry too much about Trump. Even IF he wins, he will still be a President, not King. As far as I understand, US Presidents cannot simply do whatever they want. Their powers are limited.... not absolute like a King.

Having said that, I would still rather have someone like Dumbo Bush as the most powerful man on earth, than Bimbo Trump..... ie if Americans really want someone.....umm...... different.
In other news: A ranger was trapped between a bull and a bear
  • #2,423
  • Apr 5, 2016 5:05am Apr 5, 2016 5:05am
2 trades on EJ
1.) + 4.0 pips
2.) + 1.8 pips
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2016-04-05_08-37-53_EURJPY_a_M1.png Size: 90 KB
  • #2,424
  • Apr 5, 2016 5:06am Apr 5, 2016 5:06am
3 trades on UJ
1.) + 10.0 pips
2.) + 3.7 pips
3.) + 2.4 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2016-04-05_08-30-41_USDJPY_a_M1.png Size: 104 KB
Click to Enlarge Name: 2016-04-05_08-56-35_USDJPY_a_M1.png Size: 82 KB
Click to Enlarge Name: 2016-04-05_11-11-03_USDJPY_a_M1.png Size: 87 KB
  • #2,425
  • Apr 5, 2016 5:09am Apr 5, 2016 5:09am
4 trades on GU
1.) + 4.0 pips
2.) + 2.1 pips
3.) + 3.2 pips
4.) + 3.6 pips
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2016-04-05_09-01-03_GBPUSD_a_M1.png Size: 86 KB
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  • #2,426
  • Apr 5, 2016 5:11am Apr 5, 2016 5:11am
2 trades on AU
1.) + 1.2 pips
2.) + 2.6 pips

Last trade for today on NU + 1.1 pips

AU and NU weren´t that great entries but still in my risk tolerance which lies at 15 pips SL. What I am trying is that in order to avoid a trade going against me to move my SL as price has travelled 2 pips in my direction. Maybe i will miss some profits but it keep me away from going to let the trade go against me big - which is clearly my blind side.

This has a nice side effect that I will direct more focus on the trade. Comments are highly appreciated.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2016-04-05_09-28-09_AUDUSD_a_M1.png Size: 89 KB
Click to Enlarge Name: 2016-04-05_11-30-34_AUDUSD_a_M1.png Size: 85 KB
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  • #2,427
  • Apr 5, 2016 7:38am Apr 5, 2016 7:38am
EU M1 +5 pips FIFO. Explaination on chart.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusdi-m1-05-04-16.png Size: 65 KB
  • #2,428
  • Apr 5, 2016 9:17am Apr 5, 2016 9:17am
EU M1 FIFO scalp +18 (avg. +6.1) See chart
Attached Image (click to enlarge)
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Keep It Simple
  • #2,429
  • Apr 5, 2016 9:28am Apr 5, 2016 9:28am
FIFO Short GY +6
Attached Image (click to enlarge)
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In other news: A ranger was trapped between a bull and a bear
  • #2,430
  • Apr 5, 2016 9:50am Apr 5, 2016 9:50am
EU M1 +2.8pips. Explaination on chart.

Attached Image (click to enlarge)
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  • #2,431
  • Edited 10:26am Apr 5, 2016 9:54am | Edited 10:26am
Quoting Benihana
{image} mm at work... I think I'm done trading.. fuck this shit...
Benihana,

I know how you feel my Friend as I have been trading FX for approximately 11 years since it was first opened for retail traders. I can't begin to tell you how many times during those years I was ready to give up and close all of my accounts as so feed with with the crooked Market Makers and lack of FX regulation.

Back on the old Sonic R and PVSRA thread, TAH and I along with many other traders, suffered many large losses trading the Sonic Classic trade and scout entries on high T/F's. Some trades would run for hours, days and longer as we watched the MM's manipulation turning many winners into losses with huge DD's. During those days I saw many traders disappear as unable to withstand the huge DD's and losses. Later the Scout type trades were dropped as too big of DD's and the main focus was then diverted to the M15 charts with more of scalp type trades with smaller pip targets.

My point is, most who are here today have experienced the same feelings as you as we have all felt the pain. Until I morphed the old PVSRA system into the little FIFO 5 pip system trading mostly M1 and M5 we are trading here, I too was discouraged, to say the least and ready to give up but this style turned my trading around and kept me in the game.

I have seen some of your successful trades and you have the ability to make this system work for you and I would hate to see you get discouraged and quit. I suggest that you take a break and when ready, trade a small account and cherry pick only high momentum PVSRA entries to re-build your confidence.

Hope to see your continued posted contributions with those green pips.....
Keep It Simple
  • #2,432
  • Apr 5, 2016 10:14am Apr 5, 2016 10:14am
PVSRA Scalper,

Here is a handy little indicator that I came across that displays your current trade information for anyone interested.....
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-04-05_07-12-21_EURUSDi_a_M1.png Size: 62 KB
Attached File(s)
File Type: mq4 iExposure.mq4   8 KB | 442 downloads
File Type: ex4 iExposure.ex4   14 KB | 464 downloads
Keep It Simple
  • #2,433
  • Apr 5, 2016 10:43am Apr 5, 2016 10:43am
FIFO CT Long +5
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-04-05_214123c.jpg Size: 156 KB
In other news: A ranger was trapped between a bull and a bear
  • #2,434
  • Apr 5, 2016 10:57am Apr 5, 2016 10:57am
Sniper1310, digiff and Vape,

Congrats as you guys have all grasped and excelled at scalping PVSRA in such a short time......
Keep It Simple
  • #2,435
  • Apr 5, 2016 11:11am Apr 5, 2016 11:11am
+8 PIPS - Entered a bit too early, and it went against me, but then I saw that the price broke dragon upwards but just a bit, so I decided to stay in the trade because I looked at other time frames and 5M, 15M, 30M were all bearish, so I thought, let's continue this. The price went all the way down, showed me a red candlestick which was rather a long one, so I thought that's the time to sell it! And it turned out that I was right, because right after that it started to go against me!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf-m1-forex-capital-markets.png Size: 36 KB
  • #2,436
  • Apr 5, 2016 11:15am Apr 5, 2016 11:15am
Quoting robmagario
+8 PIPS - Entered a bit too early, and it went against me, but then I saw that the price broke dragon upwards but just a bit, so I decided to stay in the trade because I looked at other time frames and 5M, 15M, 30M were all bearish, so I thought, let's continue this. The price went all the way down, showed me a red candlestick which was rather a long one, so I thought that's the time to sell it! And it turned out that I was right, because right after that it started to go against me! {image}
robmagario,

Consulting higher t/f's M5 and M15 smart as often a retrace and M1 will rejoin the higher t/f trend....
Keep It Simple
  • #2,437
  • Apr 5, 2016 11:27am Apr 5, 2016 11:27am
Quoting cigarguy
{quote} robmagario, Consulting higher t/f's M5 and M15 smart as often a retrace and M1 will rejoin the higher t/f trend....

​Yup, I always look at the overall trend on M1, M5 and M30 to predict for how long the trend on M1 will be bearish or bullish. Too many retraces on M1
  • #2,438
  • Edited 11:59am Apr 5, 2016 11:33am | Edited 11:59am
EU M1 +7 at LC risky entry too many retraces so closed.....
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-04-05_09-33-09_EURUSDi_a_M1.png Size: 55 KB
Keep It Simple
  • #2,439
  • Apr 5, 2016 11:36am Apr 5, 2016 11:36am
Quoting robmagario
{quote} ​Yup, I always look at the overall trend on M1, M5 and M30 to predict for how long the trend on M1 will be bearish or bullish. Too many retraces on M1
robmagario,

Yes, and then M1 for PVSRA entry....
Keep It Simple
  • #2,440
  • Apr 5, 2016 12:55pm Apr 5, 2016 12:55pm
PVSRA FIFO short entry closed.
Attached Image (click to enlarge)
Click to Enlarge Name: 0.png Size: 34 KB
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