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PVSRA Scalping with Cigarguy

  • #2,781
  • May 13, 2016 12:38pm May 13, 2016 12:38pm
Quoting robmagario
USDJPY +5PIPS Entered again just a few minutes after the first one. Reasons for entering BEARISH - After the first trade, I waited until another correction to Dragon. - This time it actually touched Dragon but failed to break it, so I entered after a bearish dark gray candlestick - Other time frames were also bearish and of course Dragon was moving down. - This time Currency Strength was showing strong JPY (not that I really care much though). So happy that this is a swing. {image}
robmagario,

Great trades and excellent explanations as usual.......you have an excellent grasp of PVSRA scalping and many can learn from your trades....
Keep It Simple
  • #2,782
  • May 14, 2016 9:56am May 14, 2016 9:56am
Wishing PVSRA scalpers have a nice relaxing week end refreshed and ready for the next profitable week.....
Keep It Simple
  • #2,783
  • May 14, 2016 10:54am May 14, 2016 10:54am
Quoting cigarguy
{quote} robmagario, Great trades and excellent explanations as usual.......you have an excellent grasp of PVSRA scalping and many can learn from your trades....
Thanks a lot! We are all learning from you!
  • #2,784
  • May 15, 2016 1:05pm May 15, 2016 1:05pm
Quoting robmagario
{quote} Thanks a lot! We are all learning from you!
Traders helping Traders....
Keep It Simple
  • #2,785
  • May 15, 2016 1:16pm May 15, 2016 1:16pm
drjagmd, (and potential PVSRA scalpers)

Should you decide to join our PVSRA Scalping community, please study the PVSRA trading and posting rules located at Post #1. All are welcomed that have put in the effort and dedication to learn our system. Our PVSRA charts are clean and offer all that is needed to become a successful PVSRA Scalper (as shown below with pipware mini charts removed as used for study only)............
Attached Image (click to enlarge)
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Keep It Simple
  • #2,786
  • May 16, 2016 12:42pm May 16, 2016 12:42pm
AUDUSD +5PIPS

- REASONS FOR ENTERING BEARISH

- Dragon's trend was bearish
- Other time frames 5M and 15M were also bearish
- Entered on an inverted hammer, but after I entered it turned green
- Then, I thought oops! But let's see how it goes
- PA started to go against me. But it failed to break Dragon, actually it just touched Dragon twice and then started to go bearish again, yeah!!!!
- So I decided to stay in the trade.

- Hit my 5PIPS target and exited.

This was a very long trade, it took over half an hour! Usually my trades only take less than 10 minutes to close. Well, but this kind of thing happens sometimes.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-m1-forex-capital-markets.png Size: 43 KB
  • #2,787
  • May 16, 2016 2:23pm May 16, 2016 2:23pm
Quoting robmagario
AUDUSD +5PIPS - REASONS FOR ENTERING BEARISH - Dragon's trend was bearish - Other time frames 5M and 15M were also bearish - Entered on an inverted hammer, but after I entered it turned green - Then, I thought oops! But let's see how it goes - PA started to go against me. But it failed to break Dragon, actually it just touched Dragon twice and then started to go bearish again, yeah!!!! - So I decided to stay in the trade. - Hit my 5PIPS target and exited. This was a very long trade, it took over half an hour! Usually my trades only take...
robmagario,

Glad this one worked out but entry volume bar gave a bit of a clue for possible retrace........
Keep It Simple
  • #2,788
  • May 16, 2016 3:10pm May 16, 2016 3:10pm
Quoting robmagario
AUDUSD +5PIPS - REASONS FOR ENTERING BEARISH - Dragon's trend was bearish - Other time frames 5M and 15M were also bearish - Entered on an inverted hammer, but after I entered it turned green - Then, I thought oops! But let's see how it goes - PA started to go against me. But it failed to break Dragon, actually it just touched Dragon twice and then started to go bearish again, yeah!!!! - So I decided to stay in the trade. - Hit my 5PIPS target and exited. This was a very long trade, it took over half an hour! Usually my trades only take...
Hello robmagario,
I'm using Pepperstone in Real mode and I don't have the same chart as you (volume) but my bearish analysis was the same ^^
Can you tell me your broker ?

Thank you.
Goodgame.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.PNG Size: 53 KB
Trade Safe !
  • #2,789
  • May 16, 2016 8:38pm May 16, 2016 8:38pm
Quoting cigarguy
{quote} robmagario, Glad this one worked out but entry volume bar gave a bit of a clue for possible retrace........
Yes, you are right. That's why I wrote "oops" when I saw the green volume bar. It was actually red in the beginning but later it turned green, so I thought it could retrace.
I usually stop loss when it breaks Dragon upwards (if my trade is bearish).
  • #2,790
  • May 16, 2016 8:40pm May 16, 2016 8:40pm
Quoting Goodgame42
{quote} Hello robmagario, I'm using Pepperstone in Real mode and I don't have the same chart as you (volume) but my bearish analysis was the same ^^ Can you tell me your broker ? Thank you. Goodgame. {image}
I am not trading real yet, I am using FXCM in demo mode.
  • #2,791
  • May 17, 2016 12:49pm May 17, 2016 12:49pm
EURUSD M1 +5PIPS

Reasons for entering BEARISH

- Dragon's trend was moving down
- Other 5M and 15M time frames were also bearish
- After two red candlesticks and few gray ones, PA tried to correct but failed, this resulted in a purple candle. That's where I entered

Reason for exiting

- Green candlestick on volume showed a possible reversal, I waited a bit and decided to exit.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m1-forex-capital-markets.png Size: 34 KB
  • #2,792
  • May 18, 2016 1:07am May 18, 2016 1:07am
5 pips toward th .75 line
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"If you run, you'll only die tired." - Sniper's philosophy
  • #2,793
  • May 18, 2016 2:15am May 18, 2016 2:15am
another 5 pips below .75 line
Attached Image (click to enlarge)
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"If you run, you'll only die tired." - Sniper's philosophy
  • #2,794
  • May 18, 2016 2:22am May 18, 2016 2:22am
Quoting tomiko
another 5 pips below .75 line {image}
Nice one! I would probably have entered at the same red candle as you did, or I would wait until the red candle that came after that one.
  • #2,795
  • May 18, 2016 8:11am May 18, 2016 8:11am
Nice Trades Guys!!!!
  • #2,796
  • May 18, 2016 9:30am May 18, 2016 9:30am
Goodgame 42 and tomiko......welcome good to see you here and doing well......
Keep It Simple
  • #2,797
  • Edited 10:59am May 18, 2016 9:38am | Edited 10:59am
Quoting robmagario;8931186[highlight=Yellow
EURUSD M1 +5PIPS [/highlight]Reasons for entering BEARISH [/highlight]- Dragon's trend was moving down - Other 5M and 15M time frames were also bearish - After two red candlesticks and few gray ones, PA tried to correct but failed, this resulted in a purple candle. That's where I entered Reason for exiting - Green candlestick on volume showed a possible reversal, I waited a bit and decided to exit. {image}
As usual.....
Keep It Simple
  • #2,798
  • May 18, 2016 1:17pm May 18, 2016 1:17pm
EURCAD M1 +5PIPS

Reasons for entering BEARISH

- Dragon trend was BEARISH. I didn't like the inclination though because the inclination was not very strong, but then I looked at 5M and it looked much stronger.
- Entered after PA tried to retrace and failed. So I entered at the next dark gray candlestick.
- Price went against me but failed to break Dragon upwards, so I decided to stay in the trade.
- Got my 5PIPS and exited.

Right after I exited, there was a huge move upwards! What a huge green candlestick, OMG! But I had already exited at that time, so I was lucky!
Attached Image (click to enlarge)
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  • #2,799
  • May 18, 2016 1:44pm May 18, 2016 1:44pm
Quoting cigarguy
Goodgame 42 and tomiko......welcome good to see you here and doing well......
Thank you Cigarguy
Trade Safe !
  • #2,800
  • May 18, 2016 1:46pm May 18, 2016 1:46pm
Quoting robmagario
EURCAD M1 +5PIPS Reasons for entering BEARISH - Dragon trend was BEARISH. I didn't like the inclination though because the inclination was not very strong, but then I looked at 5M and it looked much stronger. - Entered after PA tried to retrace and failed. So I entered at the next dark gray candlestick. - Price went against me but failed to break Dragon upwards, so I decided to stay in the trade. - Got my 5PIPS and exited. Right after I exited, there was a huge move upwards! What a huge green candlestick, OMG! But I had already exited at that time,...
I used to only enter on strong volumes candle, in this case, I have entered 8 minutes later but good trade !
Be aware of FOMC ^^
Trade Safe !
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