PVSRA Scalping with Cigarguy

chhico,

Welcome and nice to hear that you are making pips and having success with our PVSRA scalping style....looking forward to your posts (no big thing but helpful if you close your order window, top left prior to posting so all can see your entire chart).........

EU, 1.11500, Updated chart as posted yesterday did in fact hold as key resistance level providing lower t/f scalping opportunities, but we shall see what the MM's have up their sleeves for their next move......

Hi cigarguy .. I forgot closing my order window.. I will pay more attention next time .. I want to thanks you and the others active traders for this thread.. it has opened my eyes on how to make consistent profits in forex

Thanks robmagario !

5 trades today, 4 wins, 1 loss :




AUDJPY -5 :

-It was against a resistance on the 4hrs chart and as expected, it started going down on the lower TFs.
-I entered on the 1 minute chart trying to ride the momentemum, but as you can see on the 5 min chart above, there was a little support on the left,
so price started going against me. Annnnd i also forgot to acknowledge the quarter level. Don't know how i didn't see that.
-On top of that, my stop was a tiny bit too tight, and price then took off without me..
-That one really frustrated me.



USDJPY +10 :

-Same thing, resistance on the 4hrs, scale down to the lower TFs for bearish opportunities.
-Price previously retested a support on the 5 mins + dragon and then took off with high volume.
-Should have taken that trade, but wasn't on my computer at that moment
-It came back and retested the same level. After seeing how price started to hesitate, i decided to short the retest.
-Held on to this for +10, because as stated earlier, i had a bearish biais due to the higher TFs.




Gold/Usd + 5 :

-Price was retesting a previous support on the 1hr chart. Scale down for bearish scalps.
-I saw that big bearish candle with high volume and entered on the retest of the little channel just above after price was rejected.
-Regret not holding on with this one, i had a bearish biais and price went down biiiiiiig time. I guess hindsight is always 20/20.




AUDJPY + 24 and + 27 :

-There was a news event at 10 from china. Took several pairs to Round numbers and major S/R
-Was watching several pairs and AUDJPY was against the daily resistance and was rejected at 81.500, so i waited.
-The first one was more of a gut feeling trade, no need to go over it too much.
-Second one, i watched as the pair retraced into the previous channel and after that great volume candle decided to short.
-I had a heavy bearish biais at that moment, so moved my stop to B.E after 5 pips and after 10 pips pulled to +5 and aimed for the round number a little bit below (81.00) and that was it for +27.



That's it for the week, i don't trade on fridays.
Good luck tomorrow for those of you who trade and good W.E. all !
See ya next week !

Starting the day.. UC M1.. entered on the rebound on the 24% level according with M5 and M15

Stellan,

Nice trades..... You caught on to our PVSRA scalping fast posting nice trades and explanations....

chhico,

Good job and thanks for your nice posts....

My thanks to our PVSRA scalpers for your posts and great explanations..... These helpful posts are exactly the quality that I appreciate and the reason I started this thread....TRADERS HELPING TRADERS.

I would rather see a few quality posts by traders investing their time to learn and become proficient with our system then numerous irrelevant non-PVSRA posts cluttered with lagging indicators only confusing those new traders to our system.

As always we stalk pairs for quality PVSRA entries not quantity. Keeping in mind capital preservation if our trade goes against us, as sometimes it will (we cannot know what the MM's have in mind but only gaining insight with our system) and then close and wait for another PVSRA confirmed entry.

Just to be clear;

I have received PM's regarding the VSA system (Volume Spread Analysis) and packages that sells for around $2,995 US throughout the internet.

Our system is;

PVSRA;

P= Price V=Volume S=Support R=Resistance A=Analysis

They are totally different systems and ours not to be confused with VSA. Our system, reading material, chart templates and indicators are provided at Post #1, indicators in the above paper clip and through out this thread FREE OF CHARGE for those that wish to study, practice and learn to trade with the smart money aka Market Makers and Banks.

Our system is provided FREE OF CHARGE and always will....Our thread contains many great charts with explanations posted by traders always willing to help and answer relative questions.....Our thread contains a wealth of charts, explanations and answered questions serving as a PVSRA text book never requiring any purchase.....

I hope this will clear up some of the confusion and allow those that our interested in trading our PVSRA system to rest assured that their will NEVER be a cost associated with our scalping system nor will they every be asked for money or any fees what so ever.

Furthermore, if any trader is ever asked for money to purchase our indicators and templates, please advise me ASAP. This will be appreciated so that I can take the necessary steps to deal with this issue as their are unscrupulous people that have attempted this before selling freely provided indicators and systems taken from other threads as their own........

Many GREEN pips to all and regards...
Cigarguy

I have received PM's from traders asking if they could trade our PVSRA scalping system successfully using HA candles?

Of course you can use whatever type of candle that you wish. Our PVSRA template includes the PVSRA candle set that works well with our volume indicator but the original PVSRA candle set by TAH did also include the option of using HA candles as well. I happen to have 4 monitors so I may have both as working templates on different monitors.

Our main PVSRA consideration, among others of course, is to stalk for high volume trades with good momentum visually observed by our volume indicator in conjunction with PA relative to key support and resistance levels using whatever candle the trader feels comfortable using.

We provide all indicators and templates necessary to successfully trade PVSRA but I have always encouraged traders to THINK OUT OF THE BOX as long as our posts remain true to our PVSRA trading system absent other squiggly line lagging indicators and HA candles work well.

New traders usually load their charts with lots of squiggly line indicators to start, thinking they will work as a "Security Blanket" helping with trading decisions but later as time progresses and they gain experience, realize that to stay in the game and be successful you need to learn how the market really works and trade with the Smart Money aka Banks and Market Makers........Sometimes Less Is More......

Note: The Mini Pip Ware charts are not necessary and part of our PVSRA templates and system. I have them installed on a couple of working charts only to save time when FIFO Scalping to see higher T/F's at a glance to assist with very fast scalping.

Good Trading and Stay GREEN My Friends.

Attached Image

Hey Cigarguy!
Is it possible to have the exact template as you have on the two latest screenshots?

vladimir8686,

All indicators used on these charts are located at Post #1 and the above paper clip for download.

Didn't find there the indi of small charts which are on the right, and the indi which shows lines of the sessions

Please read Post #1 for further PVSRA study as the Session lines are included in the PVSRA Access Panel. The Mini charts are can be downloaded from pipware.com (Google pipware and/or mini charts by Stratman) which include special fonts and instructions for installation as they are not essential to our PVSRA system and I use as indicated in the above post.

Thank you!

[q
uote=vladimir8686;9034266]Thank you![/quote]

The PVSRA setup takes a little time and suggest some study from PDF's at Post #1 to get started but well worth the time once PVSRA trading is understood. Our scalping system does not provide indicators for buy/sell signals, but provides clues to understanding how to trade the momentum with the Smart Money.......

EU M1 Scalp +7 Reduced lots as risky CT entry from opening gap down to 1.10500 key level support where pending orders are placed. Closed with small profit as a bumpy ride although gap should be closed this Session as dragon and 50 ema now heading up with lots of Asian Session/Sunday ranging.........

Thank you!
And thanks for the great post to help newbies, your work is nothing short of amazing.

Good luck to all this week!

Good Morning All.... We will have a GREEN pip week...

EU M1 +10 (avg +1.5 @ 7 lots) MM's ranging PA near 1.10500 key level with small pump & dumps (red candles) attempting to cloak their planned bullish news move This is exactly where PVSRA trading shines by providing insight into their possible moves allowing traders to trade with the Smart Money.. Closed orders prior to news release as expecting some profit taking from their little Bullish move.....