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PVSRA Scalping with Cigarguy

  • #2,581
  • Apr 13, 2016 6:27pm Apr 13, 2016 6:27pm
Quoting ozziedave
{quote} Good on ya digiff nice trading. Don't rule the Asian session out. You can fine some nice counter trend trades if you are patient. If you have doubts just reduce your lot size until you get the hang of it.
My main reason is I am usually not available around Asian to trade. I dont mind taking a trade or two.

Having said that, I cant trade AS without some "yen" in it!
FIFO Short GY +9. Was being "sneaky" like CG says before giving profit
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In other news: A ranger was trapped between a bull and a bear
  • #2,582
  • Apr 13, 2016 6:46pm Apr 13, 2016 6:46pm
Quoting cigarguy
{quote} My patience prayer is "Lord Give Me Patience But Hurry". {image}
Good one! Reminds me of another one "I can resist anything except temptation" - Oscar Wilde.

News trading was always a big temptation, but I am glad I left it awhile ago. Just not worth the risk.
In other news: A ranger was trapped between a bull and a bear
  • #2,583
  • Apr 13, 2016 6:54pm Apr 13, 2016 6:54pm
Post Aussie employment news. FIFO Long EA +6
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In other news: A ranger was trapped between a bull and a bear
  • #2,584
  • Apr 13, 2016 7:31pm Apr 13, 2016 7:31pm
FIFO Short EA +4
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In other news: A ranger was trapped between a bull and a bear
  • #2,585
  • Apr 13, 2016 7:50pm Apr 13, 2016 7:50pm
Quoting digiff
FIFO Short EA +4 {image}
digiff,

Nice catch and our FIFO scalp saved you on this one with that fast retrace.........
Keep It Simple
  • #2,586
  • Apr 13, 2016 9:17pm Apr 13, 2016 9:17pm
Quoting Sniper1310
{quote} That means that he traded with 50 lots and exited at a profit of 3 pips. 3 pips * 50 lots = 150 pips. Did you read the introduction of the PVSRA thread? If not, please do your homework.
Hi Sniper, Thanks for explaining. No I haven't do my homework yet. That's why I was confused why 3 pips of 50 lots is equal to 150 pips. I will go the PVSRA thread to find out. Thanks again!
Simplicity is the key to brilliance
  • #2,587
  • Apr 13, 2016 9:28pm Apr 13, 2016 9:28pm
Quoting LinFX
{quote} Hi Sniper, Thanks for explaining. No I haven't do my homework yet. That's why I was confused why 3 pips of 50 lots is equal to 150 pips. I will go the PVSRA thread to find out. Thanks again!
LinFX,

If you visit Post #1 and study the basics and then study the many posted charts with great explanations, most of your questions will be answered right here
Keep It Simple
  • #2,588
  • Apr 13, 2016 11:47pm Apr 13, 2016 11:47pm
GBPJPY 1M +5 PIPS

Reasons for entering BEARISH

- Dragon was bearish
- Currency Strength indicator showing weak GBP and strong JPY
- The trend on both 5M and 15M was also bearish
- Two previous candlesticks touched Dragon but didn't break it
- Got a huge red candlestick and decided to enter after that

What happened after I entered
- Started to go against me but never broke the resistance of 5M, so let's stay in the trade

Reason for exiting
- Got my 5 pips.
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  • #2,589
  • Apr 14, 2016 1:35am Apr 14, 2016 1:35am
FIFO Short GY +6
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In other news: A ranger was trapped between a bull and a bear
  • #2,590
  • Apr 14, 2016 3:05am Apr 14, 2016 3:05am
With trend FIFO Short GY +12
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In other news: A ranger was trapped between a bull and a bear
  • #2,591
  • Apr 14, 2016 3:57am Apr 14, 2016 3:57am
GU M1 +5 Pips. Explaination on chart.

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  • #2,592
  • Apr 14, 2016 4:50am Apr 14, 2016 4:50am
i miss scalping technique, but since feb -march i seem like paranoid. i never put SL, when market maker play the pair, i loss several money, and now every i see a litle minus just like paranoid and lot of fear.

then i move my account to cent account to set by EA. until now, it is safe and play safe trade only on asian session.
after i compare, the result is scalping is better,

but i feel paranoid to see the chart. anyone has ever this situation ?
how to reduce paranoid. this happen after i lose many thousand dollar because the unpredictable chart.

regards
  • #2,593
  • Apr 14, 2016 5:39am Apr 14, 2016 5:39am
Quoting widyantoro
i feel paranoid to see the chart. anyone has ever this situation ? how to reduce paranoid. this happen after i lose many thousand dollar because the unpredictable chart. regards
I think most traders have been there. We all had those paranoid moments in the beginning. I can safely say that the primary reason is - GREED - in most cases. In other words, misuse of leverage. You lost thousands because you were trying to make hundreds and with no SL.

The paranoid feeling usually goes away after awhile. It goes away faster when you make a few positive trades, no matter the profit. It really boosts your confidence. You can learn PVSRA and post your winners/losers here or if you trade a different system, you can start a journal and post your charts there. It will force you to take safe trades and avoid counter-trend trades which is another major reason for losses.

You made the right choice by moving to cent account. I can guarantee you that now you will NOT be paranoid because there is no fear of losing thousands, even if the market moves 100s of pips against you. Only increase lot size when you are consistently profitable.
In other news: A ranger was trapped between a bull and a bear
  • #2,594
  • Apr 14, 2016 7:05am Apr 14, 2016 7:05am
EU M1 News Trade +38 (avg. 6.4 @ 6 lots) Late post as ran errand..... Explanation on chart and H1 chart gives clue as to MM's prior intentions but waiting for news to make their move......Sneaky.....
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Keep It Simple
  • #2,595
  • Apr 14, 2016 7:09am Apr 14, 2016 7:09am
Short GY +7
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In other news: A ranger was trapped between a bull and a bear
  • #2,596
  • Apr 14, 2016 7:10am Apr 14, 2016 7:10am
Quoting digiff
Short GY +7 {image}
Keep It Simple
  • #2,597
  • Apr 14, 2016 7:17am Apr 14, 2016 7:17am
Quoting cigarguy
EU M1 News Trade +38 (avg. 6.4 @ 6 lots) Late post as ran errand..... Explanation on chart and H1 chart gives clue as to MM's prior intentions but waiting for news to make their move......Sneaky..... {image} {image}
Nice to sneak in a few trades after MMs sneaky move, which in itself is sneaky.
In other news: A ranger was trapped between a bull and a bear
  • #2,598
  • Apr 14, 2016 7:17am Apr 14, 2016 7:17am
Quoting widyantoro
i miss scalping technique, but since feb -march i seem like paranoid. i never put SL, when market maker play the pair, i loss several money, and now every i see a litle minus just like paranoid and lot of fear. then i move my account to cent account to set by EA. until now, it is safe and play safe trade only on asian session. after i compare, the result is scalping is better, but i feel paranoid to see the chart. anyone has ever this situation ? how to reduce paranoid. this happen after i lose many thousand dollar because the unpredictable chart....

who else does cent accounts?? i know of liteforex whom i use.
  • #2,599
  • Apr 14, 2016 7:48am Apr 14, 2016 7:48am
Quoting digiff
{quote} Nice to sneak in a few trades after MMs sneaky move, which in itself is sneaky.
Yes, as we watch for clues and learn from them, grabbing their shirt tails and going along for the ride.... As small retail traders we cannot fight the big money but we can watch, stalk and learn which justifies the reason to watch a few pairs and learn their rhythm and how they move....
Keep It Simple
  • #2,600
  • Apr 14, 2016 7:54am Apr 14, 2016 7:54am
Quoting digiff
{quote} I think most traders have been there. We all had those paranoid moments in the beginning. I can safely say that the primary reason is - GREED - in most cases. In other words, misuse of leverage. You lost thousands because you were trying to make hundreds and with no SL. The paranoid feeling usually goes away after awhile. It goes away faster when you make a few positive trades, no matter the profit. It really boosts your confidence. You can learn PVSRA and post your winners/losers here or if you trade a different system, you can start a...
yes you're right, I sue 500 leverage, but not in one time deposit. I deposit hundred dollar and lose, so accumulation till thousand dollar. this evening try to make open position, ut still feel fear and paranoid. I just close position with minus $0.5, this is tight stop loss. because my equity just last 16%. so I want to recover my DD. trad with 0.01 lot and cent profit. at the other side my EA (cent account) still work. just make a $7 - $10 a day. be grateful. and just wishes greedy not coming when the account is grew up. I want to discipline and consistent. my past successful trade use PSVRA, and I miss it! sure!
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