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PVSRA Scalping with Cigarguy

  • #2,941
  • Jun 30, 2016 9:46am Jun 30, 2016 9:46am
EU M5 +4 with reduced lots as MM's playing pump N dump running PA above the whole number and then dumping as observed by the red candles with bearish volume. Just a quick trade as I have no interest to trade this ranging MM game.....
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Keep It Simple
  • #2,942
  • Edited 11:18am Jul 1, 2016 9:45am | Edited 11:18am
EU M5 -15 (with reduced lots as risky entry) Explanation on chart as entered against the hour candle and pulled the trigger too soon as 50 ema didn't hold as support.......I have had a good streak with + pips got sloppy on this one as didn't follow my own rules of checking higher M15 and observing more downside possible to 50 ema support. Take away is; the market can be unforgiving if rules are not followed........

A friendly reminder that it is OK to post losers as well as winners for all to learn from. Our thread is about Traders Helping Traders not just bragging about our winning trades......
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  • #2,943
  • Jul 1, 2016 11:07am Jul 1, 2016 11:07am
Hope all have a good week end and Stay GREEN My Friends....
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  • #2,944
  • Jul 1, 2016 12:58pm Jul 1, 2016 12:58pm
GBPJPY +5PIPS

Reasons for entering BEARISH

- Dragon was bearish
- PA was moving down
- Currency Strength showing very strong JPY and weak GBP
- 5M and 15M time frames were both showing bearish move
- One red candle formed below Dragon, after that there was a retracement but the retracement failed to break Dragon upwards and PA started to move down again
- I placed my order just after a gray candlestick
- Got out after just 2 minutes

FIFO
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  • #2,945
  • Jul 1, 2016 1:49pm Jul 1, 2016 1:49pm
Quoting robmagario
GBPJPY +5PIPS Reasons for entering BEARISH - Dragon was bearish - PA was moving down - Currency Strength showing very strong JPY and weak GBP - 5M and 15M time frames were both showing bearish move - One red candle formed below Dragon, after that there was a retracement but the retracement failed to break Dragon upwards and PA started to move down again - I placed my order just after a gray candlestick - Got out after just 2 minutes FIFO {image}
Nice way to end the week...
Keep It Simple
  • #2,946
  • Jul 4, 2016 3:37am Jul 4, 2016 3:37am
DAX +6.5 pips !
First trade of the week, safe trade, failed to stay below RN 9750 + 1-2-3 pattern with HH - HL + Break of TL + High green volume => Buy !
Continue friends
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Trade Safe !
  • #2,947
  • Jul 4, 2016 3:47am Jul 4, 2016 3:47am
Quoting Goodgame42
DAX +6.5 pips ! First trade of the week, safe trade, failed to stay below RN 9750 + 1-2-3 pattern with HH - HL + Break of TL + High green volume => Buy ! Continue friends {image}
Simply awesome and very easy to understand the explanations.
  • #2,948
  • Jul 5, 2016 10:08am Jul 5, 2016 10:08am
GBPUSD 1M +5.7PIPS

Reasons for entering BEARISH (I accidentally the wrong button that is why you are seeing one additional radio button, but I immediately realized that, closed the trade and entered bearish).

- Currency Strength showing a weak GBP and strong USD
- Dragon was moving down
- Other time frames (5M and 15M) were all bearish too
- PA was trading below 50EMA
- PA failed to go up, and gave me a red candlestick on volume. I waited for a while and entered on a dark candlestick.
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  • #2,949
  • Jul 5, 2016 11:01am Jul 5, 2016 11:01am
Goodgame 42 and robmagario,

Nice trades and explanations Guys....
Keep It Simple
  • #2,950
  • Jul 5, 2016 12:22pm Jul 5, 2016 12:22pm
This is one trade that I made by looking at both 1M and 5M time frames.
GBPUSD +5.3PIPS

Reasons for entering BEARISH
- Looking at 1M, Dragon was moving up, but looking at 5M it was moving down, so I knew the bullish move on 1M was just a retracement, and I assumed it would be over soon
- Currency Strength showing a weak GBP and strong USD
- PA was trading below 50EMA on 5M time frame
- So, after there was a huge green candlestick on volume on 1M, I waited to see if it was going to make a new high, since it didn't make a new high, I entered bearish on a dark gray candlestick.
- After that I got my 5.3 pips and exited.

After that it failed to break Dragon downwards and it started to go up again, but I was already out a long time ago.
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  • #2,951
  • Jul 6, 2016 5:44am Jul 6, 2016 5:44am
EU M1 +5 pips. Explaination on chart.

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  • #2,952
  • Jul 6, 2016 7:37am Jul 6, 2016 7:37am
hello, anybody can dome a favor ? i have download the mq4 resource from this thread , i want to add some parameters into it .

need add trailing stop with tpparts, TPDis, StartTrailing , main trailing, just as the picture shows .
TPParts - number of steps for partial profit closure.
TPDist - the average distance between profit closure steps in pips.
StopLoss - the stop loss level in pips.
StartTrailing - start of trailing stop in pips.
MainTrailing - the main trailing stop in pips.
EntryDistnce - offset of the placement price of the pending order relative to the local extremum, pips.
Ktp - lot ratio for closing the first part of the order, when the price reaches the TakeProfit level, %.
Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 OrderOnChart_v2.5.mq4   53 KB | 401 downloads
  • #2,953
  • Jul 6, 2016 10:03am Jul 6, 2016 10:03am
GBPUSD +6PIPS

Reasons for entering BEARISH
- Dragon was moving down and I liked the inclination
- PA tried to retrace back to Dragon but failed and started to go down again
- I entered a bit late actually a few candles after a red candlestick on volume
- Currency Strength showing weak GBP
- PA trading below 50EMA
- Price failed to break RWL
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  • #2,954
  • Jul 7, 2016 6:54pm Jul 7, 2016 6:54pm
Quoting robmagario
GBPUSD +6PIPS Reasons for entering BEARISH - Dragon was moving down and I liked the inclination - PA tried to retrace back to Dragon but failed and started to go down again - I entered a bit late actually a few candles after a red candlestick on volume - Currency Strength showing weak GBP - PA trading below 50EMA - Price failed to break RWL {image}
robmagario and Vape,

Nice as usual....
Keep It Simple
  • #2,955
  • Edited Jul 8, 2016 8:22am Jul 7, 2016 7:25pm | Edited Jul 8, 2016 8:22am
Attention PVSRA Scalpers,

I am receiving lots of PM's regarding the CSM indicator and I would like to make it's usage clear. I only look at the CSM indicator for possible currency pairs to stalk for entries NOT FOR TRADING DECISIONS as it is not part of the PVSRA charting system. Many times I will enter a trade completely converse to what the meter is showing based on other PVSRA considerations.

I believe too many new traders not understanding how the FX Market really works that have viewed other threads and charts depicting squiggle indicator line crosses and black box charts with signals telling them when to buy and sell stop here with that same mentality. That is NOT what trading PVSRA is about and I suggest for those traders to go back to Post #1 and re-read and understand our PVSRA charts and system.

Our scalping system is geared towards learning to trade with the big money and market makers by learning how the market works and gleaming an edge by observing what PVSRA is about;

P=price V=volume S=support R=resistance A=analysis

Sorry Guys and Gals no short cut here as it takes practice and study to learn to trade as the Professionals.....How much would it cost for a College education to become a professional to have the potential that can be earned trading

If interested in taking the time to learn, your trading education is provided here FREE OF CHARGE. This is not a black box signal service system as each trader, to become successful , must learn, study and practice.............You can usually tell a trader is new to FX trading and lacking confidence when while viewing their charts they are loaded with so many indicators that PA can hardly be seen. I can say that only because I was one of those approximately 11 years ago and blew a couple of accounts until I decided to learn the market and not watch line crosses and such......Sorry for the tough love but at times it is needed by all..........

Good Luck and many GREEN pips to ALL .......

Cigarguy
Keep It Simple
  • #2,956
  • Jul 7, 2016 10:41pm Jul 7, 2016 10:41pm
Quoting cigarguy
Attention PVSRA Scalpers, I am receiving lots of PM's regarding the CSM indicator and I would like to make it's usage clear. I only look at the CSM indicator for possible currency pairs to stalk for entries NOT FOR TRADING DECISIONS as it is not part of the PVSRA charting system. . Cigarguy
Yes, as Cigarguy said, the Currency Strength is not really for making decisions, but rather to select which currency pairs we are gonna trade before we enter the trade.
Although I write about CSM on my trades, there are a lot of times when CSM says the opposite but I still place my trade.
  • #2,957
  • Jul 8, 2016 8:10am Jul 8, 2016 8:10am
EU M1 Very FIFO +52 (avg. +17.3 @ 3 lots) Explanation on chart as entered with Big Money indicated by volume and PA with good momentum. No indicators needed except candles, volume and key levels waiting for the Banks and Market Makers to make their move and grab on to their shirt tails for the ride as they show the way........
Attached Image (click to enlarge)
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  • #2,958
  • Edited 9:08am Jul 8, 2016 8:49am | Edited 9:08am
Chart appears kind of silly but depicted key levels played by MM's and Banks for illustration purposes.

If the trader is astute and watches these levels and how they are played with PA their importance will soon be noticed as key entry and exit levels to be observed and analyzed concurrent with PVSRA studies.........
Attached Image (click to enlarge)
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  • #2,959
  • Jul 8, 2016 9:26am Jul 8, 2016 9:26am
Hoping all have a nice safe week end looking forward to banking some pips next week......

Regards and Stay GREEN My Friends.
Cigarguy
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  • #2,960
  • Jul 9, 2016 3:23pm Jul 9, 2016 3:23pm
Howdy all & cigarguy!

I wanted to check and see whether or not it's okay if I post Renko (and sometimes Range) style charts using the PVSRA template? The chart attached is a 3 pip Point O Chart. I'm a scalper at heart and the thread I've been posting in is kind of dying.

When I first started trading I initially found the PVSRA thread - so I know the gist of how PVSRA is traded. Being the beginner that I was... I of course jumped around trying every indicator and method.

I have been trading Renko/Range style charts for quite a while. I've recently discovered using the PVSRA volume candles on my Renko/Range charts to be rather helpful. Which has lead me here.

My style of trading is... S/R, Channels, Wedges, Fibs, and Volume. I use a trade manager called Milanese that moves my stop to BE +2 when price goes +6 in my favor. I use OVO's Renko builder EA.

I more than likely won't post everyday, but I will when time permits.

Great thread cigarguy! I admire your style of trading.

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