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PVSRA Scalping with Cigarguy

  • #2,461
  • Apr 7, 2016 6:47am Apr 7, 2016 6:47am
Hi guys,

still practicing here!

Two loses today which I would appreciate some input on.

My explanations for the trades are on the charts.

Will keep on trying!

Thanks a lot

Attached Image (click to enlarge)
Click to Enlarge Name: 2016-04-07_20-07-30_EURJPY_M1_loser.jpg Size: 227 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 2016-04-07_20-38-56_EURUSD_M1_loser.jpg Size: 266 KB
  • #2,462
  • Apr 7, 2016 8:49am Apr 7, 2016 8:49am
Quoting Bsan89
Hi guys, still practicing here! Two loses today which I would appreciate some input on. My explanations for the trades are on the charts. Will keep on trying! Thanks a lot {image} {image}
Bsan89,

Did you observe the higher T/F charts ie., M5, M15 and H1 candles for PVRSA clues? Granted most here post their trade entries and exits on M1 but all consider higher T/F's for trend, is PA retracing on higher T/F but showing a trend on M1? PA location relative to S & R, possibly fib or pivot consideration looking for complete PVSRA confirmations....and thanks for your posts as that's how you learn......
Keep It Simple
  • #2,463
  • Apr 7, 2016 9:24am Apr 7, 2016 9:24am
Made 6 PIPS! AUDUSD M1

Reasons for entering bearish
- Got a red candlestick trading below Dragon
- The move on other time frames 5M, 15M, 30M were bearish
- Entered a bit too early though, I should have waited longer

What happened
- It started to go against me
- But PA never broke Dragon, so I decided to wait and see what happens
- Price started to go bearish again, yeah!

Reason for closing
- Got my 6 PIPS profit and I exited it!
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-m1-forex-capital-markets.png Size: 32 KB
  • #2,464
  • Apr 7, 2016 9:34am Apr 7, 2016 9:34am
Quoting Bsan89
Hi guys, still practicing here! Two loses today which I would appreciate some input on. My explanations for the trades are on the charts. Will keep on trying! Thanks a lot {image} {image}
As Cigarguy pointed out, before entering did you observe the greater time frames like M5, M15 and M30?
Moreover, if you take a look at your EURJPY M1 chart, before you got the purple candlestick, you had already gotten 3 huge red candlesticks and they made a huge move downwards, so a bearish move. You entered after that, but I would think it would be a bit too risky to assume that it would continue to be bearish.

As for the EURUSD M1 chart, for me the moment that you wrote that it broke the previous high, for me it looks more like a double shoulders.
So after the double shoulders consolidated, I think I would assume the price would start to do a correction.
  • #2,465
  • Apr 7, 2016 9:39am Apr 7, 2016 9:39am
Quoting robmagario
{quote} As Cigarguy pointed out, before entering did you observe the greater time frames like M5, M15 and M30? Moreover, if you take a look at your EURJPY M1 chart, before you got the purple candlestick, you had already gotten 3 huge red candlesticks and they made a huge move downwards, so a bearish move. You entered after that, but I would think it would be a bit too risky to assume that it would continue to be bearish. As for the EURUSD M1 chart, for me the moment that you wrote that it broke the previous high, for me it looks more like a double...
Keep It Simple
  • #2,466
  • Apr 7, 2016 9:40am Apr 7, 2016 9:40am
EU M5 +36 (avg. +9) See chart...
Attached Image (click to enlarge)
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Keep It Simple
  • #2,467
  • Apr 7, 2016 10:09am Apr 7, 2016 10:09am
CT FIFO Long GY +13. Not recommended for new scalpers. It will come with experience and chart watching.
Attached Image (click to enlarge)
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In other news: A ranger was trapped between a bull and a bear
  • #2,468
  • Apr 7, 2016 10:30am Apr 7, 2016 10:30am
EU M1 +21 (avg. +10.4) See chart.....
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-04-07_08-21-49_EURUSDi_a_M1.png Size: 72 KB
Keep It Simple
  • #2,469
  • Apr 7, 2016 10:34am Apr 7, 2016 10:34am
Quoting digiff
CT FIFO Long GY +13. Not recommended for new scalpers. It will come with experience and chart watching. {image}
Keep It Simple
  • #2,470
  • Apr 7, 2016 9:12pm Apr 7, 2016 9:12pm
AUDUSD short for 5.4 pips. We've hit a resistance zone plus price divergence with the volume indicator.
Attached Image (click to enlarge)
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  • #2,471
  • Apr 8, 2016 1:40am Apr 8, 2016 1:40am
UJ M1 +5 pips. Explaination on chart.

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  • #2,472
  • Apr 8, 2016 3:15am Apr 8, 2016 3:15am
PVSRA FIFO trade short closed on GJ

Volume divergence is seen on chart

No drawdown. Caught at right place.

TF M1
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  • #2,473
  • Apr 8, 2016 3:33am Apr 8, 2016 3:33am
Another PVSRA FIFO on GJ

Price bounce from 50 ema with hammer it was also a natural FIBO area. So enter and quickly got out with avg. p+11.1
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  • #2,474
  • Apr 8, 2016 3:57am Apr 8, 2016 3:57am
Another on GJ M1 Quick Long FIFO closed

I set RWL and 200 ema as my spot to go long. This zone was a half number zone also.

triggered and got out with profit.
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  • #2,475
  • Apr 8, 2016 4:42am Apr 8, 2016 4:42am
FIFO Short GY +11
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In other news: A ranger was trapped between a bull and a bear
  • #2,476
  • Apr 8, 2016 5:04am Apr 8, 2016 5:04am
Similar setup on EJ +5
Attached Image (click to enlarge)
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In other news: A ranger was trapped between a bull and a bear
  • #2,477
  • Apr 8, 2016 6:59am Apr 8, 2016 6:59am
EU short. Bounce from daily pivot, good angle at dragon with high volume inside. +20
Attached Image (click to enlarge)
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  • #2,478
  • Apr 8, 2016 7:20am Apr 8, 2016 7:20am
Nice PVSRA scalp pips as usual Guys/Girls.....
Keep It Simple
  • #2,479
  • Apr 8, 2016 10:49am Apr 8, 2016 10:49am
AUDUSD short for 7 pips. We have a new high and then a momentum reversal, the 3 down candles take out the last 6 up candles. We also have nice price and volume divergence.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM1 T1 9.4.16.png Size: 77 KB
  • #2,480
  • Apr 10, 2016 5:09pm Apr 10, 2016 5:09pm
Hello guys,

I've been following this thread for a month, thanks for cigar for sharing this system and for all contributors that makes this thread alive. Theres something I do not yet understand, how did you guys draw your fibonacci lines?

Thanks.
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