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PVSRA Scalping with Cigarguy

  • #2,961
  • Jul 11, 2016 9:49am Jul 11, 2016 9:49am
Quoting lKeithStone
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...
iKeithStone,

Thanks for your consideration asking to post your style..... I have no problem with you posting your charts as the one posted above using your Renko candles as long as the entries are consistent with our PVSRA method. Going back in time, the original PVSRA charts provided the option of trading PVSRA candles, regular or HAs.

I started this thread and manage it encouraging traders to THINK OUT OF THE BOX and use, of course whatever indicators they find helpful on their working charts, but to remain faithful to only posting our PVSRA charts with our provided indicators and template. I want this thread to continue to have quality PVSRA traders and posted charts with good explanations not quantity, keeping in mind that we post not for bragging rights but as TRADERS HELPING TRADERS with helpful explanations for those new to our system.

If this works for you, welcome aboard and looking forward to your contributions.......
Keep It Simple
  • #2,962
  • Jul 11, 2016 9:59am Jul 11, 2016 9:59am
I really don't think a bunch of indicators will solve your issues.
  • #2,963
  • Edited 10:59am Jul 11, 2016 10:07am | Edited 10:59am
Quoting maniac
I really don't think a bunch of indicators will solve your issues.
Lagging indicators not needed, only PVSRA gleaming clues for a added edge and trading with the Banks and MM's momentum. To have longevity with trading FX, traders must learn how the market works and not blindly follow line crosses and black box systems or they will soon be gone as sad to say that I have seen this happen many times through the years............
Keep It Simple
  • #2,964
  • Jul 12, 2016 11:11am Jul 12, 2016 11:11am
USDJPY 1M +5PIPS

Reasons for entering BULLISH

- Dragon was moving up
- Currency Strength showing super weak JPY
- PA trading above 50EMA
- Two huge red candlesticks on volume failed to break Dragon downwards, also failed to break 50EMA
- So after a light gray candlestick, I assumed PA would go up and that is when I entered

Got my 5pips and exited.
Attached Image (click to enlarge)
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  • #2,965
  • Jul 12, 2016 12:05pm Jul 12, 2016 12:05pm
USDJPY 1M
3 trades today with 3 consecutive wins

The first trade I already explained above.

Reasons for entering the 2nd trade
- After one blue candlestick and another red candlestick, I got a light gray candlestick that was moving up, so I assumed that the influence of the red candlestick was done, and I assumed PA would go up from that moment
- Currency Strength was still showing weak JPY
- Entered too early and it started to go against me after a few candles, so I thought I should exit it
- I still managed to make 0.9PIPS and I exited, if I stayed in the trade I would have made my 5pips but I was not very confident

Reasons for entering the 3rd trade
- PA failed to break Dragon downwards and started to go up again
- I entered after I saw a series of lots of light gray candlesticks
- PA trading above 50EMA
- Dragon was moving up
- Currency Strength showing super weak JPY
- Made my 5PIPS and exited
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m1-forex-capital-markets.png Size: 51 KB
  • #2,966
  • Jul 12, 2016 2:23pm Jul 12, 2016 2:23pm
Hi
what's the name of these 2 indicators and how to use them?
Thanks
Merka
Attached Images
  • #2,967
  • Jul 12, 2016 7:35pm Jul 12, 2016 7:35pm
Attached Image (click to enlarge)
Click to Enlarge Name: scp1.png Size: 146 KB


I can't seem to be able to post an image, but oh well. Decided to just post the link...

First things first, thanks to Cigarguy and all the others for this amazing thread. I've been trading the higher time frames but decided to learn some scalping as i have a lot of free time on my hands this summer. I've been demoing and learning for a couple weeks now and all the trades from the others here are priceless!

Anyways, here's my only trade for today, and first one on my live account.

Price was against a major resistance on the 4hr chart, so i went down to the lower-time frame for some scalping opportunities.
As expected the lower TF were quite bearish but i was waiting for a good PVSAR entry.
Pullback to the previous S/R level + rejection at dragon with a big high-volume candle.
Quick short AUDUSD for +6.

Hope that made sense,
Cheers
  • #2,968
  • Jul 12, 2016 8:54pm Jul 12, 2016 8:54pm
Quoting Stellan
{image} I can't seem to be able to post an image, but oh well. Decided to just post the link... First things first, thanks to Cigarguy and all the others for this amazing thread. I've been trading the higher time frames but decided to learn some scalping as i have a lot of free time on my hands this summer. I've been demoing and learning for a couple weeks now and all the trades from the others here are priceless!
Very well done Stellan!
I especially like the inclination of Dragon in your trade!
  • #2,969
  • Jul 13, 2016 8:03am Jul 13, 2016 8:03am
Quoting robmagario
{quote} Very well done Stellan! I especially like the inclination of Dragon in your trade!
Nice trades and explanations ALL......and Stellan welcome aboard and appreciate your explanation and contribution......
Keep It Simple
  • #2,970
  • Jul 13, 2016 8:37am Jul 13, 2016 8:37am
Quoting Merka
Hi what's the name of these 2 indicators and how to use them? Thanks Merka {image} {image}
These are in the above paper clip for download and many explanations throughout the thread as to their use....Please read post #1 and study the thread before asking for indicators.

PVSRA scalping is not an easy system and requires homework but profitable if one decides to invest their time before their money. Once this has been accomplished and questions remain, no problem asking questions as many here will help.
Keep It Simple
  • #2,971
  • Jul 13, 2016 9:29am Jul 13, 2016 9:29am
EU M1 FIFO Scalp +30 (avg. +9.9 @ 3 lots) Explanation on chart and closed prior to USD Crude Oil news......

Correction on chart: USD Crude Oil Inventories not CAD....sorry need more coffee this AM......
Attached Image (click to enlarge)
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Keep It Simple
  • #2,972
  • Jul 13, 2016 9:51am Jul 13, 2016 9:51am
Just a EU quick read IMO.........other opinions encouraged as always..........
Attached Image (click to enlarge)
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Keep It Simple
  • #2,973
  • Jul 13, 2016 12:02pm Jul 13, 2016 12:02pm
Quoting cigarguy
{quote} iKeithStone, Thanks for your consideration asking to post your style..... I have no problem with you posting your charts as the one posted above using your Renko candles as long as the entries are consistent with our PVSRA method. Going back in time, the original PVSRA charts provided the option of trading PVSRA candles, regular or HAs. I started this thread and manage it encouraging traders to THINK OUT OF THE BOX and use, of course whatever indicators they find helpful on their working charts, but to remain faithful to only posting our...
Sounds good. Thanks cigarguy. I'm very humble guy so you won't hear no bragging out of me. I will make sure to give explanations on why I took the trade, and I will only post with the PVSRA template.

My life is a little hectic at the moment with my wife just having a baby, so bear with me if I'm not posting all that much for the next few weeks.

Green pips to all!
  • #2,974
  • Jul 14, 2016 2:51am Jul 14, 2016 2:51am
Goodmorning everybody.. It's about one month I am using PVSRA FIFO and I am having wonderful results.. I am here to learn from you experienced guy so all yours comments are welcome. This is my first FIFO of the day.
GJ M1 5 pips.. Entered after high volume in the down side of the dragon.

Attached Image (click to enlarge)
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  • #2,975
  • Jul 14, 2016 3:10am Jul 14, 2016 3:10am
GU M1. Entered after the cross of the 200 EMA and high volume.

Attached Image (click to enlarge)
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  • #2,976
  • Jul 14, 2016 3:32am Jul 14, 2016 3:32am
Other 2 FIFO on EU. First entry on a tipical reverse pattern on high reversing volume.. The second one is due to the price crossing 200 Ema with high volume. PVSRA FIFO rocks

Attached Image (click to enlarge)
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  • #2,977
  • Jul 14, 2016 4:53am Jul 14, 2016 4:53am
GU M! FIFO. Entered on the rebound on the 200 EMA

Attached Image (click to enlarge)
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  • #2,978
  • Jul 14, 2016 6:45am Jul 14, 2016 6:45am
NZD/USD M1 FIFO. Entered after rebound on the 200 EMA.

Attached Image (click to enlarge)
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  • #2,979
  • Jul 14, 2016 8:37am Jul 14, 2016 8:37am
USDJPY 1M +5PIPS

Reasons for entering BEARISH
- Dragon had started to move down and I liked the inclination
- PA broke 50EMA downwards
- Two green candlesticks had broken Dragon upwards, but just after that a red candlestick came along and broke Dragon downwards
- Placed my trade when a second huge red candlestick started to form
- Currency Strength was against me (it was showing a weak JPY) but I didn't care

This was a FIFO trade, as it only took me a few seconds to exit!
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m1-forex-capital-markets.png Size: 52 KB
  • #2,980
  • Jul 14, 2016 8:47am Jul 14, 2016 8:47am
Quoting lKeithStone
{quote} Sounds good. Thanks cigarguy. I'm very humble guy so you won't hear no bragging out of me. I will make sure to give explanations on why I took the trade, and I will only post with the PVSRA template. My life is a little hectic at the moment with my wife just having a baby, so bear with me if I'm not posting all that much for the next few weeks. Green pips to all!
iKeithStone,

Congrats on your new baby and a small gift from our PVSRA thread........
Attached Image
Yes, Family always comes first and when time permits your posts and explanations are appreciated....
Keep It Simple
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