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PVSRA Scalping with Cigarguy

  • #2,821
  • May 24, 2016 3:03am May 24, 2016 3:03am
Quoting HitTheBid
{quote} Hello robmagario, You keep posting great trades with tremendous logic and explanation. May I ask what sort of win percentage you have with your PVSRA scalping. Thank you and great trading.
To be honest with you, I am still very new to PVSRA and I am still learning it. Therefore, I haven't really calculated my win percentage.
It is probably about 30% only, but most of the time I am testing other things, not only PVSRA. (Since most of the time I was trading on a demo account).
I have only started trading on a real account last Friday and I got so far I got 100% wins but of course it is because I only traded 3 times, if I trade more, I am expecting to get much less accuracy.

I will let you know after a few weeks. From this week, I am gonna trade for real half of the time and demo the other half.
  • #2,822
  • May 24, 2016 7:15am May 24, 2016 7:15am
Quoting robmagario
{quote} To be honest with you, I am still very new to PVSRA and I am still learning it. Therefore, I haven't really calculated my win percentage. It is probably about 30% only, but most of the time I am testing other things, not only PVSRA. (Since most of the time I was trading on a demo account). I have only started trading on a real account last Friday and I got so far I got 100% wins but of course it is because I only traded 3 times, if I trade more, I am expecting to get much less accuracy. I will let you know after a few weeks. From this week,...
robmagario,

Nice trades and honest post as you will do well live. Trading with any size live presents a totally different mine set when pulling the trigger with REAL MONEY. Start slow and your confidence will build with winning trades no matter how small or big.....
Keep It Simple
  • #2,823
  • May 24, 2016 7:34am May 24, 2016 7:34am
Quoting cigarguy
{quote} robmagario, Nice trades and honest post as you will do well live. Trading with any size live presents a totally different mine set when pulling the trigger with REAL MONEY. Start slow and your confidence will build with winning trades no matter how small or big.....
Dear Cigarguy, thanks a lot for the message. Yes, I think the secret is how to maintain the same mind set on both demo and real accounts.
As you suggested, I am starting slow and I will be much more careful from now on.
Thanks again for your messages and constant feedback.
  • #2,824
  • May 24, 2016 7:48am May 24, 2016 7:48am
Quoting robmagario
{quote} Dear Cigarguy, thanks a lot for the message. Yes, I think the secret is how to maintain the same mind set on both demo and real accounts. As you suggested, I am starting slow and I will be much more careful from now on. Thanks again for your messages and constant feedback.
Keep It Simple
  • #2,825
  • May 25, 2016 2:52am May 25, 2016 2:52am
Quoting robmagario
{quote} To be honest with you, I am still very new to PVSRA and I am still learning it. Therefore, I haven't really calculated my win percentage. It is probably about 30% only, but most of the time I am testing other things, not only PVSRA. (Since most of the time I was trading on a demo account). I have only started trading on a real account last Friday and I got so far I got 100% wins but of course it is because I only traded 3 times, if I trade more, I am expecting to get much less accuracy. I will let you know after a few weeks. From this week,...
Thankyou for your reply. I wouldn't hesitate to post some of your losing trades. You can learn more from the losers than the winners.
Best wishes on your future trading
  • #2,826
  • Edited 10:56pm May 26, 2016 8:03am | Edited 10:56pm
EURGBP +5PIPS analyzing both 1M and 5M

Reasons for entering BULLISH

- This is something that I did on 1M time frame, but looking at 5M to enter. After a big red candle stick on volume on 1M, it started to do a retracement, but if you look at 5M, you will see that the trend is bullish.
- If you only look at 1M, you will think the trend is bearish after that big red candlestick on volume because it was already trending below dragon and the trend was bearish. That's why I say: ALWAYS look at greater time frames so you won't get the false signal. In this case, that red candlestick on volume was actually telling you that there was a huge volume so that we are gonna expect a change in direction soon, and that is what happened here. Soon after, the trend changed direction and became BULLISH.
- If you look at 5M, the previous dark gray candlestick failed to break dragon downwards, moreover you can see an inverted hammer that indicates there will be a change into direction. After that the trend had resumed to become bullish again.
- So then I looked back again at 1M, and entered BULLISH just when the candle started to touch Dragon going up.
- Got my 5PIPS and exited.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurgbp-m1-forex-capital-markets.png Size: 52 KB
Click to Enlarge Name: eurgbp-m5-forex-capital-markets.png Size: 50 KB
  • #2,827
  • May 26, 2016 8:14am May 26, 2016 8:14am
Quoting HitTheBid
{quote} Thankyou for your reply. I wouldn't hesitate to post some of your losing trades. You can learn more from the losers than the winners. Best wishes on your future trading
Sure, thanks! I will do!
  • #2,828
  • Edited 1:43am May 27, 2016 12:05am | Edited 1:43am
Pvsra short entry open and closed with profit.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.png Size: 35 KB
Click to Enlarge Name: 2.png Size: 29 KB
  • #2,829
  • May 27, 2016 7:22am May 27, 2016 7:22am
Quoting saiffx
Pvsra short entry open and closed with profit. {image} {image}
Keep It Simple
  • #2,830
  • May 27, 2016 7:30am May 27, 2016 7:30am
Have a fun and safe Memorial Day weekend all.......
Keep It Simple
  • #2,831
  • Edited 8:24am May 27, 2016 8:00am | Edited 8:24am
EU M1 FIFO scalp +8 (avg. +4.1) See chart for explanation.....just a small Friday scalp with volume confirmation prior to holiday weekend as still on vacation enjoying the outdoors and dropped in to grab a pip or 2..........
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-05-27_08-01-20_EURUSDi_a_M1.png Size: 50 KB
Keep It Simple
  • #2,832
  • May 29, 2016 10:54pm May 29, 2016 10:54pm
Quoting cigarguy
EU M1 FIFO scalp +8 (avg. +4.1) See chart for explanation.....just a small Friday scalp with volume confirmation prior to holiday weekend as still on vacation enjoying the outdoors and dropped in to grab a pip or 2.......... {image}
I was watching that pair after that but it was not moving much, probably due to the upcoming holiday, so I decided not to enter.
  • #2,833
  • May 31, 2016 7:55am May 31, 2016 7:55am
Quoting robmagario
{quote} I was watching that pair after that but it was not moving much, probably due to the upcoming holiday, so I decided not to enter.
Good job as sometimes the best trade is NO TRADE......
Keep It Simple
  • #2,834
  • Jun 1, 2016 7:25am Jun 1, 2016 7:25am
EU M5 FIFO scalp +19 (avg. +6.5) See chart for explanation.....
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-06-01_07-26-32_EURUSDi_b_M5.png Size: 59 KB
Keep It Simple
  • #2,835
  • Jun 1, 2016 7:32am Jun 1, 2016 7:32am
Quoting vitzaza
EU scalp avg 3 pips all 4 position , M1 price under Yesterday low , 50 and 200 EMA {image}
vitzaza,

Sorry but saw this post late.....observed your other thread posts and you are doing well without the other lagging indicators with only PVSRA. Yes as you posted earlier, Fibos can serve as S & R areas and are often observed with our PVSRA scalping style.......
Keep It Simple
  • #2,836
  • Jun 1, 2016 8:11am Jun 1, 2016 8:11am
dinhienhy,

FYI, I see you subscribed to the Sonic R system. That system is no longer used and long ago morphed into this PVSRA system. You can catch up by visiting Post #1 for study and indicators.....just a heads up and welcome aboard..........
Keep It Simple
  • #2,837
  • Jun 6, 2016 9:41am Jun 6, 2016 9:41am
EU M1 FIFO News Scalp +9 (avg. +8.7 with reduced lot size) High Risk News trade not recommended for new traders.........I'm still enjoying the outdoors and lake but stopped in for a quick trade.....
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-06-06_09-41-18_EURUSDi_a_M1.png Size: 57 KB
Keep It Simple
  • #2,838
  • Edited 10:32am Jun 6, 2016 9:53am | Edited 10:32am
EU M1 FIFO scalp +19 (avg, +6.2 increased lot size to 3) Could not resist this one....gotta love these MM's running PA down with high volume candles finding support at 1.13250 attempting to fake wrong way traders into shorts knowing they were going to run up using news for their planned move catching wrong way shorts and grabbing buyers stops............
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-06-06_09-56-28_EURUSDi_a_M1.png Size: 53 KB
Keep It Simple
  • #2,839
  • Jun 6, 2016 10:09am Jun 6, 2016 10:09am
Quoting cigarguy
EU M1 FIFO News Scalp +9 (avg. +8.7 with reduced lot size) High Risk News trade not recommended for new traders.........I'm still enjoying the outdoors and lake but stopped in for a quick trade..... {image}
OMG! That is super risky! Not stuff for me yet, but well done!
  • #2,840
  • Edited 10:49am Jun 6, 2016 10:15am | Edited 10:49am
Quoting robmagario
{quote} OMG! That is super risky! Not stuff for me yet, but well done!
Risky, yes for sure and not recommended but thread is quiet so posted anyway as at times I will not post and encourage this type of scalp .............
Keep It Simple
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