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PVSRA Scalping with Cigarguy

  • #3,141
  • Jul 29, 2016 7:04pm Jul 29, 2016 7:04pm
Also on this late Friday Afternoon here in the US, I would like to thank our PVSRA thread contributors for helping to keep this thread on topic. The posted charts and explanation have all been top notch.

As I have posted prior, I appreciate the contributing posts as we are looking for quality not quantity as TRADERS HELPING TRADERS....
Keep It Simple
  • #3,142
  • Jul 29, 2016 7:06pm Jul 29, 2016 7:06pm
Quoting lKeithStone
{quote} Hmm I'm not sure if that will make a difference. I've never tested it with those settings. Make sure to keep us updated on your findings. I do think it's important to keep an open mind, BUT if it starts to over complicate the original PVSRA strategy then I will definitely get rid of it. With all of us testing it we should figure out pretty quickly whether it's a worthy addition to PVSRA. Have a great weekend cigarguy!
I think it deserves a look anyway and as you say, we shall know soon.....
Keep It Simple
  • #3,143
  • Jul 29, 2016 8:18pm Jul 29, 2016 8:18pm
Quoting lKeithStone
{quote} Thanks iScalp! I wish I would have found this thread a long time ago. Below are the settings that I'm using. I believe they are the default settings. Would you mind posting a screenshot of what it looks like on your screen with your vertical lines in the same locations as mine? I do know the market has to be live in order for the indicator to calculate the levels. So you may want to wait until Sunday. {image}
Hi lKeithStone - Thanks for sharing an interesting tool !

I tested it a little and it seems like :

1. If I place the blue and red line to include the range I want
2. Right click on my chart and hit "Refresh"
3. The levels of the selected range will show on the chart (even when the market is closed) ...

Happy testing guys !
  • #3,144
  • Jul 29, 2016 8:28pm Jul 29, 2016 8:28pm
Quoting thedrrew
{quote} Hi lKeithStone - Thanks for sharing an interesting tool ! I tested it a little and it seems like : 1. If I place the blue and red line to include the range I want 2. Right click on my chart and hit "Refresh" 3. The levels of the selected range will show on the chart (even when the market is closed) ... Happy testing guys !
No problem! Nice find thedrrew!! That's good to know.
  • #3,145
  • Edited 9:57am Jul 30, 2016 9:31am | Edited 9:57am
Quoting thedrrew
{quote} Hi lKeithStone - Thanks for sharing an interesting tool ! I tested it a little and it seems like : 1. If I place the blue and red line to include the range I want 2. Right click on my chart and hit "Refresh" 3. The levels of the selected range will show on the chart (even when the market is closed) ... Happy testing guys !
thedrrew and lKeithStone,

Good conversation Guys as we are always open minded to findings an edge.......

OK, it's Saturday and of course the market is closed, so I gave your idea a try and chose a select time frame. At a first glance the TPO indi appears to draw the S & R lines almost in agreement with our PVSRA Key Levels (as seen in the below chart). I moved it to the left of my chart so as not to conflict with my Order EA for testing purposes and changed the Range Minutes to 60. (I changed to 60 minutes as previously posted for testing due to the momentum move at the beginning of the NEW HOUR CANDLE often observed)

We shall see if there is a value or not with further testing and all comments welcomed as we remain open minded to change.

If this indi proves to be of value, I see no problem for those wishing to use it on their templates (and posting purposes) as a non-invasive indi not adding un-needed clutter to our clean charts. We shall soon know this week.............
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Keep It Simple
  • #3,146
  • Jul 30, 2016 10:29am Jul 30, 2016 10:29am
Just a FYI for our PVSRA Scalpers;

I was approached via PM by a Forex Market Analyst to write as a Guest Writer about our PVSRA Scalping System in their on-line publication. I am not sure if I want to devote time away from trading and working with this thread, but I shall give it some thought as I appreciate the nice offer........

The only reason I am advising you Guys/Gals of this request, is that I am pleased that our PVSRA Scalping System has caught the attention of Professional Analyst outside of our Forum and this thread.

As PVSRA scalpers, we know the value of our system and the profit potential as I am pleased and it is a nice validation and confirmation that our system has caught the attention of other professional Forex traders......
Keep It Simple
  • #3,147
  • Jul 30, 2016 6:18pm Jul 30, 2016 6:18pm
Quoting cigarguy
Just a FYI for our PVSRA Scalpers; I was approached via PM by a Forex Market Analyst to write as a Guest Writer about our PVSRA Scalping System in their on-line publication. I am not sure if I want to devote time away from trading and working with this thread, but I shall give it some thought as I appreciate the nice offer........ The only reason I am advising you Guys/Gals of this request, is that I am pleased that our PVSRA Scalping System has caught the attention of Professional Analyst outside of our Forum and this thread. As PVSRA...
Hey cigar guy I hope your well this evening. With regards to the guest writer. Do you they will try and raise any flaws with the system. I e. Most indicators being sold are purely mathematically based. Given the environment, and the pro mathematical indicator traders who swear by the market can be mathematically predicated, if they get on to this thread, are they not going to start a minefield of questions and justifications on PVSRA. I know that PVSRA has proven itself, but will this start long conversations trying to prove to people our way of trading is understanding HoW THE MARKET REALLY WORKS.
Just my 2 cents really. I don't want anyone condeming PVSRA in other words.
Staying GReen as always
If there is no enemy within, the enemy outside can do us no harm...
  • #3,148
  • Edited 6:50pm Jul 30, 2016 6:40pm | Edited 6:50pm
Quoting iscalp
{quote} Hey cigar guy I hope your well this evening. With regards to the guest writer. Do you they will try and raise any flaws with the system. I e. Most indicators being sold are purely mathematically based. Given the environment, and the pro mathematical indicator traders who swear by the market can be mathematically predicated, if they get on to this thread, are they not going to start a minefield of questions and justifications on PVSRA. I know that PVSRA has proven itself, but will this start long conversations trying to prove to people our...
iscalp,

Thanks for your concern, but not to worry my friend as I have given this thought and am currently enjoying my retirement and relaxed profitable trading here. I don't need or want more on my plate as just having fun with our PVSRA scalpers......

Those interested in our scalping system are always welcomed here and all questions and concerns will be addressed by our thread contributors as I see no need to go external from FF and our congenial thread......
Keep It Simple
  • #3,149
  • Jul 30, 2016 7:29pm Jul 30, 2016 7:29pm
Quoting cigarguy
{quote} iscalp, Thanks for your concern, but not to worry my friend as I have given this thought and am currently enjoying my retirement and relaxed profitable trading here. I don't need or want more on my plate as just having fun with our PVSRA scalpers...... Those interested in our scalping system are always welcomed here and all questions and concerns will be addressed by our thread contributors as I see no need to go external from FF and our congenial thread......
Ahhh it's good to know the spirit of the underground is installed within you. #commercialsNothanks
If there is no enemy within, the enemy outside can do us no harm...
  • #3,150
  • Jul 30, 2016 7:38pm Jul 30, 2016 7:38pm
Quoting iscalp
{quote} Ahhh it's good to know the spirit of the underground is installed within you. #commercialsNothanks

Yes Sir....We have a good thing going here open and transparent for all to see and learn.....
Keep It Simple
  • #3,151
  • Jul 31, 2016 7:01am Jul 31, 2016 7:01am
hi all. I did forget to mention yesterday. I tried to close a trade yesterday. There was a long delay trying to close it. Any reason for this? However, what I did do was I opened my mt4 on my phone and it allowed me to close the trade instantly. For those who may experience this use your mobiles if the server is slow.

Staying Green As Always

Iscalp
If there is no enemy within, the enemy outside can do us no harm...
  • #3,152
  • Jul 31, 2016 7:14am Jul 31, 2016 7:14am
Hi Cigarguy,
First of all i would like to thank you for your generosity in creating this thread to help other traders and sharing your experience. This is really an eye opener for me in understanding the PVSRA analysis. For now i am still trying to gain my confidence in my trading after a series of blowing up my account. This thread is really awesome and helpful, showing me that holding a position for longer time trying to get more pips has more pitfalls.

Once again THANK YOU.

i have a question please... do you have an explanation on how to use the OrderONChart EA.? once i placed an order on the button would it automatically set the sl and tp i if i set the use stop loss to true?

Hope once i fully gain confidence i can start posting too.

Thanks again
  • #3,153
  • Edited 9:01am Jul 31, 2016 8:30am | Edited 9:01am
Quoting purdoy81
Hi Cigarguy, First of all i would like to thank you for your generosity in creating this thread to help other traders and sharing your experience. This is really an eye opener for me in understanding the PVSRA analysis. For now i am still trying to gain my confidence in my trading after a series of blowing up my account. This thread is really awesome and helpful, showing me that holding a position for longer time trying to get more pips has more pitfalls. Once again THANK YOU. i have a question please... do you have an explanation on how to use...
Hello purdoy81,

Welcome......Install this EA and then set it up to your liking. Here is a example of how to set to begin. You can set your stops, tp, stop loss. order size and etc., and be sure to set snapshot to the correct path to where you want the chart snapshot....

This is just an example as I have mine set for larger lots and some different sounds as these are adjustable user settings this is an example only.

Nice to hear our PVSRA system and thread is helping and looking forward to your contributions as I think you will have fun and make some + pips.

Don't worry too much about executing perfect PVSRA entries to start. Post any PVSRA chart you wish as all here are helpful contributors and their recommendations and explanations will be of help. We are here to teach, help and have fun, not to brag as all here started the same as you and then one day you will have the EUREKA moment and say, "Now I Got It " and then trade with the Smart Money..........
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Keep It Simple
  • #3,154
  • Edited 10:09am Jul 31, 2016 9:12am | Edited 10:09am
PVSRA Scalpers,

In reference to the OrderOnChart EA; As I have posted prior, I will set my EA for a +5 pips t/p upon entry, but if I see exceptional momentum, evidenced by high volume and PVSRA confirmation, I often then will turn Auto Trading off and let PA run until I see that momentum is exhausted and/or a key level is reached as S & R not wanting to get caught in a retrace and erase any profits.

OR, if I see the momentum is slowing after entry, quickly close for a small profit prior to reaching my +5 t/p or at least at BE. I'm just offering this as a idea mostly for new traders.

Keep in mind that we are primarily scalping for + / - 5 pip targets that is most often are easy to reach with a good momentum PVSRA entry and each trader can adjust their lot size with this small t/p target to gain the profits they desire.........I know many have a daily goal of something like +20 or so but I have found reaching our small t/p with increased lots reduces the time in the market subject to retraces and caught in ranging.

Many of my previously posted charts depict a small pip profit at or near a key level as S & R and then a quick retrace occurred that would have wiped out that gain. Sure their will be times when many pips will be left on the table with a good run, but personally I would rather have a few in the bank and then stalk again for a confirmed PVSRA entry and wash, rinse and repeat as IMO, this method is less stressful.........Just Food For Thought.....
Keep It Simple
  • #3,155
  • Jul 31, 2016 10:18am Jul 31, 2016 10:18am
I see hansma is in the house one of the original PVSRA Traders......Welcome and hope to see your posts as you have much knowledge to contribute........
Keep It Simple
  • #3,156
  • Jul 31, 2016 10:30am Jul 31, 2016 10:30am
Quoting cigarguy
Just a FYI for our PVSRA Scalpers; I was approached via PM by a Forex Market Analyst to write as a Guest Writer about our PVSRA Scalping System in their on-line publication. I am not sure if I want to devote time away from trading and working with this thread, but I shall give it some thought as I appreciate the nice offer........ The only reason I am advising you Guys/Gals of this request, is that I am pleased that our PVSRA Scalping System has caught the attention of Professional Analyst outside of our Forum and this thread. As PVSRA...

Hi cigarguy

What is the left side TPO indicator ? Is that available here ?

Thanks
Kibria
  • #3,157
  • Jul 31, 2016 10:35am Jul 31, 2016 10:35am
Quoting gkb46
{quote} Hi cigarguy What is the left side TPO indicator ? Is that available here ? Thanks
gkb46,

Yes a few posts back. It is not a PVSRA indicator but one that was introduced by a trader last week as offering S & R and currently being tested to see if it offers any value. Our PVSRA indicators offers key levels as S & R that have served us well through time, but we remain open minded for any edge we can obtain. So we shall see.........
Keep It Simple
  • #3,158
  • Jul 31, 2016 11:52am Jul 31, 2016 11:52am
Thanks got it
Kibria
  • #3,159
  • Edited 6:16pm Jul 31, 2016 6:03pm | Edited 6:16pm
UJ M1 FIFO Scalp +32 (avg. +6.4 @ 5 lots) Lets get this week started with + pips Guys/Gals..... Explanation on chart keeping it simple.

If I would have held above the half number as a key level resistance area; Winner would have been a Looser.... That is why we trade FIFO!

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Keep It Simple
  • #3,160
  • Jul 31, 2016 6:38pm Jul 31, 2016 6:38pm
UJ +2.7

Bounced off Daily Open + TPO Level + Broke Dragon. Closed quickly as I didn't feel the momentum follow through. I still think we move higher. I will wait for another PVSRA momentum entry.

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