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PVSRA Scalping with Cigarguy

  • #3,081
  • Jul 26, 2016 6:57pm Jul 26, 2016 6:57pm
Quoting robmagario
USDJPY 1M +5.1PIPS Reasons for going LONG - Dragon was moving up and I really liked the inclination - PA had already broken 50EMA upwards - Currency Strength showing super weak JPY - Previous PA had broken Dragon, followed by two green candlesticks, then a very small correction, followed by another two green candlesticks, I entered exactly at the beginning of the second one {image}

hey man, nice trade you had there, jsut out of interest what has made you trade the 1min as opposed the 5 minute
If there is no enemy within, the enemy outside can do us no harm...
  • #3,082
  • Jul 26, 2016 7:01pm Jul 26, 2016 7:01pm
Quoting robmagario
USDJPY 1M +5.1PIPS Reasons for going LONG - Dragon was moving up and I really liked the inclination - PA had already broken 50EMA upwards - Currency Strength showing super weak JPY - Previous PA had broken Dragon, followed by two green candlesticks, then a very small correction, followed by another two green candlesticks, I entered exactly at the beginning of the second one {image}

also for some mad reason i am unable to see my chart clealry with cigarguys template could you provide any assistance. would you be able to send me the indicators that you have on your screen?

Staying Green As Always

Iscalp
If there is no enemy within, the enemy outside can do us no harm...
  • #3,083
  • Jul 26, 2016 7:01pm Jul 26, 2016 7:01pm
Quoting robmagario
USDJPY 1M +5.1PIPS Reasons for going LONG - Dragon was moving up and I really liked the inclination - PA had already broken 50EMA upwards - Currency Strength showing super weak JPY - Previous PA had broken Dragon, followed by two green candlesticks, then a very small correction, followed by another two green candlesticks, I entered exactly at the beginning of the second one {image}
All Good....
Keep It Simple
  • #3,084
  • Jul 26, 2016 7:18pm Jul 26, 2016 7:18pm
Quoting iscalp
{quote} also for some mad reason i am unable to see my chart clealry with cigarguys template could you provide any assistance. would you be able to send me the indicators that you have on your screen? Staying Green As Always Iscalp
Iscalp, thanks a lot! All the indicators that I use are in the first post of this thread, except for the MACD 4C one, which you can find in this link.
http://www.forexfactory.com/showthread.php?t=560193

I think the main reason I do 1M instead of 5M has to do more with my schedule than anything else. I usually like to go to dance salsa at night. Since I live in Hong Kong, that would be during the NY session, so basically I just wanna
trade quickly a few times and get ready to go to salsa clubs.
Moreover, instead of doing 5M and target 20pips, I guess it is easier to do 1M and target 5pips. Just my personal opinion.
  • #3,085
  • Edited 7:33pm Jul 26, 2016 7:19pm | Edited 7:33pm
UJ M1 +20 (avg. +3.9) Just got here and CSM gave a heads up to stalk UJ and missed 1st retrace and run up but caught 2nd retrace on break of 105.000 key level ( where most often pending buy orders are placed with a uptrend ) for a very FIFO scalp approx. 13 seconds. Gotta love trading with that fast MM momentum as these are dream trades when you catch them......
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-07-26_17-20-34_USDJPYi_a_M1.png Size: 51 KB
Keep It Simple
  • #3,086
  • Jul 26, 2016 7:26pm Jul 26, 2016 7:26pm
Quoting cigarguy
UJ M1 +20 (avg. +3.9) Just got here and CSM gave a heads up to stalk UJ and missed 1st retrace and run up but caught 2nd retrace on break of 105.000 key level for a very FIFO scalp approx. 13 seconds. Gotta love trading with that fast MM momentum as these are dream trades when you catch them...... {image}
Awesome trade! I have been watching that but I was about to take shower to go to work, so I couldn't enter!
  • #3,087
  • Jul 26, 2016 7:29pm Jul 26, 2016 7:29pm
As I have stated and shown many times, good example why FIFO trades can be stress free with little market exposure for MM's to run PA around and get caught in retraces and ranging.......Above winner would have become a looser......
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-07-26_17-36-12_USDJPYi_a_M1.png Size: 44 KB
Keep It Simple
  • #3,088
  • Jul 26, 2016 7:30pm Jul 26, 2016 7:30pm
Quoting robmagario
{quote} Awesome trade! I have been watching that but I was about to take shower to go to work, so I couldn't enter!
Not to worry my Friend...Many more will come....
Keep It Simple
  • #3,089
  • Jul 26, 2016 7:31pm Jul 26, 2016 7:31pm
Quoting cigarguy
UJ M1 +20 (avg. +3.9) Just got here and CSM gave a heads up to stalk UJ and missed 1st retrace and run up but caught 2nd retrace on break of 105.000 key level for a very FIFO scalp approx. 13 seconds. Gotta love trading with that fast MM momentum as these are dream trades when you catch them...... {image}

hey Sir i hope your well...

would you mind just checking the attached files, i cant seem to have the correct set up of your template for some reason

Staying Green As Always
Attached Image(s) (click to enlarge)
Click to Enlarge Name: can this be resolved.jpg Size: 102 KB
Click to Enlarge Name: Screenshot2.png Size: 62 KB
If there is no enemy within, the enemy outside can do us no harm...
  • #3,090
  • Jul 26, 2016 7:37pm Jul 26, 2016 7:37pm
Quoting iscalp
{quote} hey Sir i hope your well... would you mind just checking the attached files, i cant seem to have the correct set up of your template for some reason Staying Green As Always {image} {image}
iscalp,

First of all I would remove all of those unnecessary indicators that are not PVSRA conforming and probably conflicting with our PVSRA template which is ALL that is needed.....
Keep It Simple
  • #3,091
  • Jul 26, 2016 7:39pm Jul 26, 2016 7:39pm
Quoting cigarguy
{quote} iscalp, First of all I would remove all of those unnecessary indicators that are not PVSRA conforming and probably conflicting with our PVSRA template which is ALL that is needed.....

Does it matter that i have the latest version of Tah PvSRA because i see that you have uploaded the 2015 one?
If there is no enemy within, the enemy outside can do us no harm...
  • #3,092
  • Jul 26, 2016 7:46pm Jul 26, 2016 7:46pm
Quoting iscalp
{quote} Does it matter that i have the latest version of Tah PvSRA because i see that you have uploaded the 2015 one?
All indicators and templates are at Post #1 as posted by robmagario;

Iscalp, thanks a lot! All the indicators that I use are in the first post of this thread.
Keep It Simple
  • #3,093
  • Jul 26, 2016 7:50pm Jul 26, 2016 7:50pm
Quoting robmagario
{quote} Iscalp, thanks a lot! All the indicators that I use are in the first post of this thread, except for the MACD 4C one, which you can find in this link. http://www.forexfactory.com/showthread.php?t=560193 I think the main reason I do 1M instead of 5M has to do more with my schedule than anything else. I usually like to go to dance salsa at night. Since I live in Hong Kong, that would be during the NY session, so basically I just wanna trade quickly a few times and get ready to go to salsa clubs. Moreover, instead of doing 5M and...

Hey rob, my apologises i didnt thank you straight away, im literally trying to get my head around why the template is coming up correctly on my screen.

i guess i can understand why you trade the 1min, 5min in scalpers time is a long time, considering some trades we take are like 10-20 seconds long lol

Thank you anyways Rob, Keep making the grass Green

Staying Green as Always

Iscalp
If there is no enemy within, the enemy outside can do us no harm...
  • #3,094
  • Jul 26, 2016 8:09pm Jul 26, 2016 8:09pm
Quoting cigarguy
{quote} All indicators and templates are at Post #1 as posted by robmagario; Iscalp, thanks a lot! All the indicators that I use are in the first post of this thread.
All Sorted now thank you
If there is no enemy within, the enemy outside can do us no harm...
  • #3,095
  • Edited 8:29pm Jul 26, 2016 8:17pm | Edited 8:29pm
Quoting iscalp
{quote} All Sorted now thank you
Good to hear.......
Keep It Simple
  • #3,096
  • Jul 26, 2016 8:44pm Jul 26, 2016 8:44pm
For those interested in learning our PVSRA scalping techniques;

Of course you can use and trade whatever charts with indicators that you wish, but please post your trades using our provided PVSRA charts so all traders can see, learn and understand the value of our PVSRA conforming entries and exits.

If traders start posting using all kinds of different templates and indicators, it will become difficult, if not impossible to maintain uniformity and our thread will become chaotic. I have and do encourage traders to think OUT OF THE BOX as always, but we must remain true to our original system and changes should be addressed through discussion or PM's prior to posting to prevent confusion.

This thread was started and is maintained as a PVSRA SCALPING TEXT BOOK for interested traders to learn our system by observing, learning and practicing our system. This uniformity allows for experienced PVSRA traders to answer posted questions and help those desiring to learn as all are utilizing chart uniformity..........​

Regards,
Cigarguy
Keep It Simple
  • #3,097
  • Jul 27, 2016 12:53am Jul 27, 2016 12:53am
Quoting cigarguy
UJ M1 +20 (avg. +3.9) Just got here and CSM gave a heads up to stalk UJ and missed 1st retrace and run up but caught 2nd retrace on break of 105.000 key level ( where most often pending buy orders are placed with a uptrend ) for a very FIFO scalp approx. 13 seconds. Gotta love trading with that fast MM momentum as these are dream trades when you catch them...... {image}
Great job cigarguy! UJ has been crazy tonight!

On another note. I will be sticking to 1min charts and staying true to PVSRA scalping. There is a reason why you are successful at what you do, and in my opinion it is because you've picked one method and mastered it without looking for the "next best thing". Which is very difficult for a lot of traders (me included). You are consistent in your process and it shows with your consistent results.

One question for you cigarguy. Do you have a trading plan written down that you follow? I know that PVSRA in general is a plan, but I wasn't sure if you had something written that you follow?

I would like to share a podcast interview with the group. The podcast is called Chat With Traders and he interviews FuturesTrader71. It really hit home for me tonight. Lot's of great advice.
https://w.soundcloud.com/player/?url..._reposts=false

Thanks again for all that you do.
  • #3,098
  • Jul 27, 2016 9:08am Jul 27, 2016 9:08am
UJ M1 FIFO scalp +36 (avg. +3.6 @ 10 lots) Explanation on charts M15 & M1 for best entry......Keep It Simple, as nothing more needed then our PVSRA template.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPY M15.png Size: 54 KB
Click to Enlarge Name: Snapshot2016-07-27_06-55-38_USDJPYi_a_M1.png Size: 56 KB
Keep It Simple
  • #3,099
  • Edited 2:42pm Jul 27, 2016 9:13am | Edited 2:42pm
I see and hear via PM's some traders are over complicating our system.

I don't have a sophisticated trading plan and do not rely on lagging line crosses and other non-essential indicators. Just set up your charts with the template and indicators provided here and learn to read your charts for PVSRA entry confirmations.

PA relative to key levels and Smart Money momentum will show the way. I think too many are jumping from system to system looking for that Holy Grail system and indicator, which does not exist. If there is a Holy Grail for trading FX, it's the trader who ultimately makes his\hers decisions. Traders encounter problems/losses when they do not choose and focus on just ONE Trading System, be it ours or another.

Once the trader picks a system, he/she should watch, learn, practice, ask questions and live with that and only that system as then trading will become second nature in lieu of jumping from thread to thread and system to system.............I found myself doing exactly the same thing when I was a new trader and did not begin to make pips until I realized that I must dedicate my time and learning to just ONE SYSTEM and that was the turning point in my trading career and I have traded PVSRA for a few years successfully and never looked back...............

Stay GREEN and KEEP IT SIMPLE My Friends!
Keep It Simple
  • #3,100
  • Edited 11:21am Jul 27, 2016 9:29am | Edited 11:21am
Why do I scalp FIFO as I am continually asked ?

As I have posted many times and referencing my above UJ trade......That 36 pips winner would have become a looser had I not closed and stayed in the market exposed to Smart Money Pump N Dump retraces and ranging and this will happen more often then not erasing all gains.

Notice on the chart posted below, how PA JUST HAPPENED to touch the 106.500 key level as resistance before retracing and then MM's ran PA back down to 105.500 key level as support with their Pump N Dump tactics.

Do the MM's and Smart Money respect key levels for entry and exits? YOU DECIDE FOR YOURSELF!!.......BUT THE EVIDENCE IS OVERWHELMING TIME AFTER TIME THAT TRADING KEY LEVELS WORKS CHARTS DON'T LIE AS ALL IS TRANSPARENT AND WILL BE REVEALED......

I choose to stalk, snipe quick pips and watch PA to observe PVSRA confirmations to do it again.

Wash, Rinse & Repeat, Wash, Rinse & Repeat, and soon trading will become almost boring while you are making nice pips.

I Trade as a BUSINESS to make money and taking advantage of every edge possible but not for excitement. If I crave excitement I will go to a Casino and gamble but not Forex...........

One other point if I may and probably the MOST SATISFYING AND IMPORTANT;

I have received PM's from traders through time located in various 3rd World Countries who have said "Just by learning to make a few pips as extra money has provided money for their Families they did not have before and has given them a better life".

I don't know about you folks but that makes me feel good to be in a position to help teach and provide the necessary tools FREE OF CHARGE to those around the world via this Forum and thread for those in need of a way to learn to better provide for there families......to me that is powerful to be able to give back and help others and that is why we are here ......

Stay GREEN My Friends
Cigarguy
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Snapshot2016-07-27_07-29-20_USDJPYi_c_M15.png Size: 56 KB
Click to Enlarge Name: #2.png Size: 60 KB
Keep It Simple
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