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PVSRA Scalping with Cigarguy

  • #2,921
  • Jun 25, 2016 7:50am Jun 25, 2016 7:50am
Double posts! That's how you know I don't have a life haha.

Just wanted to help everyone out. I was going through the internet, and I got ahold of this PDF on the Volume Spread Analysis (VSA). This strategy is very effective when using PVSRA volume with price action in lower TF as it analysis volume with the spread of the candle to determine where price action is likely to. It's a great read for people who use volume analysis, and I recommend it for everyone.

Be advised.
- This PDF was meant for VSA system so it will have some different indicators but still uses volume as main analysis.
- It is geared towards stocks and for BUYING strategies. So as a forex trader you should apply most principles to both bullish and bearish signals instead of strictly bullish signals. Might take some effort.

I've picked apart this PDF and taking in everything. As well as I got ahold of a free version of the VSA system so I can learn from that and apply it to the PVSRA. So I can help with any questions on the principles.
Attached File(s)
File Type: pdf VSA BASICS.pdf   665 KB | 1,100 downloads
  • #2,922
  • Jun 26, 2016 10:05am Jun 26, 2016 10:05am
Quoting asylum12248
Double posts! That's how you know I don't have a life haha. Just wanted to help everyone out. I was going through the internet, and I got ahold of this PDF on the Volume Spread Analysis (VSA). This strategy is very effective when using PVSRA volume with price action in lower TF as it analysis volume with the spread of the candle to determine where price action is likely to. It's a great read for people who use volume analysis, and I recommend it for everyone. Be advised. - This PDF was meant for VSA system so it will have some different indicators...
asylum12248,

I appreciate your excitement trading our PVSRA system and your posted trades with nice explanations but I want this thread to stay focused on PVSRA as VSA is another system. Of course you can use whatever you wish to help, but lets keep our posts true to our with PVSRA system.........

Please read our PVSRA Mission Statement at Post #1.....Thanks for your understanding.....
Keep It Simple
  • #2,923
  • Jun 26, 2016 2:22pm Jun 26, 2016 2:22pm
CiagrGuy,
I must have worded it awkwardly, because I think you misunderstood my intention. I don't use VSA, only got it to understand the principles in more depth as explained in the PDF. I thought the PDF would be useful for traders using PVSRA because it breaks down volume with price to understand what MM's are up to and when it might be best to get into a higher probability trade.

Kind of like candlestick pattern reading just with more focus on volume? I guess that might be the best way to explain it.
  • #2,924
  • Jun 27, 2016 8:55am Jun 27, 2016 8:55am
Quoting asylum12248
CiagrGuy, I must have worded it awkwardly, because I think you misunderstood my intention. I don't use VSA, only got it to understand the principles in more depth as explained in the PDF. I thought the PDF would be useful for traders using PVSRA because it breaks down volume with price to understand what MM's are up to and when it might be best to get into a higher probability trade. Kind of like candlestick pattern reading just with more focus on volume? I guess that might be the best way to explain it.
asylum12248,

No problem with your explanation as I understand you mean to help, but let us keep our uploads and posts consistent and focused on our PVSRA thread not to distract as their is a multitude of PVSRA studies, PDF's and charts already posted to read and study to gain proficiency with our PVSRA trading.........
Keep It Simple
  • #2,925
  • Jun 27, 2016 9:15am Jun 27, 2016 9:15am
EU FIFO M1 Scalp +6 See chart for explanation as reduced lots as a low confidence trade for me....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Snapshot2016-06-27_07-16-29_EURUSDi_a_M1.png Size: 57 KB
Click to Enlarge Name: Snapshot2016-06-27_07-23-07_EURUSDi_a_M1.png Size: 58 KB
Keep It Simple
  • #2,926
  • Edited 10:55am Jun 27, 2016 10:34am | Edited 10:55am
USDCAD 1M +5PIPS

This is something that I did looking at both 1M and 5M.
Reasons for entering BULLISH.

- Dragon was not moving bullish on 1M, it was more like a flat Dragon. But then I looked at 5M and it was moving up and I liked the inclination.
- On 1M, Two consecutive green candlesticks and it has broken Dragon upwards.
- When I looked at 5M, there were two red candlesticks, but then I noticed that it has failed to go bearish and it had started to move bullish again, so I expected that the bullish move would continue.

Got my 5PIPS and exited. Right after that it started to go against me, but I had already exited so I was lucky.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad-m1-forex-capital-markets.png Size: 42 KB
Click to Enlarge Name: usdcad-m5-forex-capital-markets.png Size: 45 KB
  • #2,927
  • Jun 27, 2016 10:44am Jun 27, 2016 10:44am
EU FIFO Scalp M1 +11 See chart.....
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-06-27_08-47-13_EURUSDi_a_M1.png Size: 62 KB
Keep It Simple
  • #2,928
  • Jun 27, 2016 10:46am Jun 27, 2016 10:46am
Quoting robmagario
USDCAD 1M +5PIPS This is something that I did looking at both 1M and 5M. Reasons for entering BULLISH. - Dragon was not moving bullish on 1M, it was more like a flat Dragon. But then I looked at 5M and it was moving up and I liked the inclination. - On 1M, Two consecutive green candlesticks and it has broken Dragon upwards. - When I looked at 5M, there were two red candlesticks, but then I noticed that it has failed to go bearish and it was not moving bullish again, so I expected that the bullish move would continue. Got my 5PIPS and exited. Right...
robmagario,

Nice trade and explanation using M5 as confirmation & M1 for entry and quick close at the whole number........
Keep It Simple
  • #2,929
  • Jun 27, 2016 11:09am Jun 27, 2016 11:09am
EU M1 FIFO Scalp +5 Kinda reached on this quick risky scalp not the best entry but sometimes I trade my gut feeling based on experience.....sometimes good and sometimes bad.......

Done for the day got my +22 and not giving it back this time of day....

Stay GREEN My Friends.....
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-06-27_09-10-28_EURUSDi_a_M1.png Size: 54 KB
Keep It Simple
  • #2,930
  • Jun 28, 2016 9:11am Jun 28, 2016 9:11am
Two trades on GBPJPY +10 PIPS in total

Reasons for entering BULLISH on the first trade
- Dragon was moving up
- Green candlestick on volume broke dragon upwards. After that there was an inverted hammer that indicated a potential reversal but I ignored and entered bullish
- The trade started to go against me but it never broke Dragon so I decided to remain in the trade
- Currency Strength indicated strong GBP
- Got my 5PIPS and exited

Reasons for entering BULLISH on the second trade
- Dragon was moving up
- PA had failed to break Dragon down and started to go bullish again
- I waited until both 5M and 15M turned green on the upper right corner of the screen
- Entered right after it broke Dragon upwards
- Currency Strength indicated strong GBP
- Got my 5PIPS and exited
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-m1-forex-capital-markets.png Size: 56 KB
  • #2,931
  • Jun 28, 2016 9:12am Jun 28, 2016 9:12am
Quoting robmagario
Two trades on GBPJPY +10 PIPS in total Reasons for entering BULLISH on the first trade - Dragon was moving up - Green candlestick on volume broke dragon upwards. After that there was an inverted hammer that indicated a potential reversal but I ignored and entered bullish - The trade started to go against me but it never broke Dragon so I decided to remain in the trade - Currency Strength indicated strong GBP - Got my 5PIPS and exited Reasons for entering BULLISH on the second trade - Dragon was moving up - PA had failed to break Dragon down and...
robmagario,

Nice trade and explanation as always......
Keep It Simple
  • #2,932
  • Jun 28, 2016 11:06am Jun 28, 2016 11:06am
3 trades on GBPJPY 1M +15.2PIPS

Reasons for entering BEARISH on the first trade
- 5M and 15M time frames were bearish
- PA broke dragon downwards and also broke the trend line that I drew
- Dragon was moving down
- Before I entered there was a bullish move that failed o break dragon, so I assumed the trend was going bearish again

Reasons for entering BEARISH on the second trade
- 5M and 15M time frames were bearish
- Dragon was moving down
- Entered right on a huge red candlestick on volume
- Closed the trade after 11 seconds and made 5 PIPS profit

Reasons for entering BEARISH on the third trade
- 5M and 15M time frames were bearish
- Dragon moving down and inclination was good
- Divergence on volume with dark gray candlestick right after
- The green hammer failed to break Dragon upwards so I decided to go bearish
- got 5.2 PIPS and exited (If I stayed, I would have made many more PIPS but I decided to play safe).
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-m1-forex-capital-markets.png Size: 44 KB
  • #2,933
  • Jun 29, 2016 3:05am Jun 29, 2016 3:05am
DAX M1:
1rst trade was taken with the wrong lot size
Quick scalp, M5 is up, wait for a serious rebound to enter, target around 5 pips
Attached Image (click to enlarge)
Click to Enlarge Name: dax.PNG Size: 79 KB
Trade Safe !
  • #2,934
  • Jun 29, 2016 3:38am Jun 29, 2016 3:38am
Quoting Goodgame42
DAX M1: 1rst trade was taken with the wrong lot size Quick scalp, M5 is up, wait for a serious rebound to enter, target around 5 pips {image}
Well done, I especially liked the 2nd trade, breaking the Dragon and then placing the trade on high volume. Great!
  • #2,935
  • Jun 29, 2016 3:58am Jun 29, 2016 3:58am
Quoting robmagario
{quote} Well done, I especially liked the 2nd trade, breaking the Dragon and then placing the trade on high volume. Great!
Thank you guy
Trade Safe !
  • #2,936
  • Jun 29, 2016 9:44am Jun 29, 2016 9:44am
Nice trades Guys......Great explanations......
Keep It Simple
  • #2,937
  • Edited 12:25pm Jun 29, 2016 10:05am | Edited 12:25pm
EU M5 FIFO Scalp +29 (avg. +7.2 @ 4 lots) See chart......

Please remember Guys/Gals, lagging squiggly lines for Buy/Sell signals will cost you money in the long run all you need is PVSRA and trade the momentum with the Market Makers and Big Banks....there is no short cut for profits just read, study and practice PVSRA trading and learn how the market really works.....
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-06-29_08-07-37_EURUSDi_b_M5.png Size: 61 KB
Keep It Simple
  • #2,938
  • Jun 29, 2016 10:22am Jun 29, 2016 10:22am
EU M1 FIFO Scalp +6 with reduced lots.....See Chart for explanation...

Chart correction; lont = long
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-06-29_08-25-11_EURUSDi_a_M1.png Size: 60 KB
Keep It Simple
  • #2,939
  • Jun 30, 2016 2:17am Jun 30, 2016 2:17am
As usual !
I don't have time to explain but it's as usual
Attached Image (click to enlarge)
Click to Enlarge Name: 30-06.PNG Size: 104 KB
Trade Safe !
  • #2,940
  • Jun 30, 2016 9:14am Jun 30, 2016 9:14am
Quoting Goodgame42;9007838[highlight=Yellow
]As usual ! I don't have time to explain but it's as usual[/highlight] {image}
Goodgame42,

Nice trades as usual.....
Keep It Simple
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