UJ M1 Scalp +22 (avg. +4.4 @ 5 lots) I only added this 100 EMA for test purposes as possible support and it was so entered with USD strength vs JPY but very little momentum on this one but enough for a few pips.....
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PVSRA Scalping with Cigarguy
- #3,161
- Jul 31, 2016 6:38pm Jul 31, 2016 6:38pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
- #3,162
- Jul 31, 2016 6:40pm Jul 31, 2016 6:40pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
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.{image}
Nice trade and see your testing the TPO. Keep us posted as to your thoughts......
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{quote} lKeithStone, Nice trade and see your testing the TPO. Keep us posted as to your thoughts......
Will do. I'm still working on my hesitation. I was wanting to enter where you did, but didn't pull the trigger. GRRR.
Nice trades!
- #3,164
- Jul 31, 2016 6:48pm Jul 31, 2016 6:48pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
I know we have made a few nice pips on the UJ longs, but want to be careful with any long entries right now as M15 showing a retrace to the 102.500 half number key level as short term resistance with a bounce from the 50 EMA and all EMA's headed down with a nice spread between the 50, 100 and 200 EMAs.....and Sunday so who knows......
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- #3,165
- Jul 31, 2016 6:55pm Jul 31, 2016 6:55pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} cigarguy, Will do. I'm still working on my hesitation. I was wanting to enter where you did, but didn't pull the trigger. GRRR. Nice trades!
NP, your doing great. Remember capital preservation if not sure to live and play another day....
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- #3,166
- Jul 31, 2016 7:21pm Jul 31, 2016 7:21pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M5 FIFO Scalp +33 (avg. +6.7) Explanation on chart.......Sunday not bad with UJ FIFO scalps at +87.....
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- #3,167
- Edited 8:36pm Jul 31, 2016 8:23pm | Edited 8:36pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M1 FIFO Scalp +23 (avg. +4.7 @ 5 lots) This quick one took less than 1 minute and explanation on chart.....+110 thanks Smart Money for showing the way.......
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- #3,168
- Edited 10:15pm Jul 31, 2016 8:29pm | Edited 10:15pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
I'm not a very good artist but I hope you all can see how this works. Nice momentum trade in this case, Bullish candle with corresponding notable Bullish volume. Shorts would be the opposite with all Bearish for quick FIFO scalps each direction UP or DOWN as PA can only move either direction..........keeping it simple as too many make trading difficult by over thinking with lots of squiggly lines looking for signals instead of catching the Smart Money momentum...
Notice the 102.500 half number key level as resistance. You tell me, do MM's and Banks play these key levels..?? You bet they do, yes of course and I love playing these key levels with the Smart Money all day as they run PA level to level. This is not an anomaly as this occurs all day long on some currencies more than others and depending on time of day and trading Session.
Notice the 102.500 half number key level as resistance. You tell me, do MM's and Banks play these key levels..?? You bet they do, yes of course and I love playing these key levels with the Smart Money all day as they run PA level to level. This is not an anomaly as this occurs all day long on some currencies more than others and depending on time of day and trading Session.
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- #3,170
- Jul 31, 2016 9:25pm Jul 31, 2016 9:25pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Good Education...Good Thread........ Thank to cigurguy...... but Candlestick size to small, i can't see it well.....i'm sorry i'm old man.....Can I get Template with medium or large candlestick......thank so much
Thanks as you can just click the Mt4 + sign and enlarge as I have old eyes as well......
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- #3,171
- Edited 10:39pm Jul 31, 2016 9:31pm | Edited 10:39pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
OK Guys/Gals,
No I have not changed my mind and started trading squiggly lines. I got kinda board this Sunday after making some nice pips that's what happens when you stare at monitors for hours and just changed a template a bit and added one indicator the Hour Candle ( can change to whatever candle you wish I use 60 minutes) indicator in the background and one 50 EMA in lieu of the dragon and a 100 EMA for kicks.
In one of the older PVSRA template versions the Trend Indicator did include a 50 EMA line in lieu of the dragon as a user setting. I'm just kind of bring it back here as a Trader option nothing really new except for the 100 EMA and the Candle indicator.
I have used the candle indicator for a few years as I always observe the New Hour PA move as I have mentioned many times. Here is the indicator if you want to give it a try and I made the colors much softer not to become to bright and obscure our PA and Key Levels.
We are still trading our PVSRA rules nothing has changed just a little different visual if you want. I use both on different monitors and different time frames.
Have Fun......
No I have not changed my mind and started trading squiggly lines. I got kinda board this Sunday after making some nice pips that's what happens when you stare at monitors for hours and just changed a template a bit and added one indicator the Hour Candle ( can change to whatever candle you wish I use 60 minutes) indicator in the background and one 50 EMA in lieu of the dragon and a 100 EMA for kicks.
In one of the older PVSRA template versions the Trend Indicator did include a 50 EMA line in lieu of the dragon as a user setting. I'm just kind of bring it back here as a Trader option nothing really new except for the 100 EMA and the Candle indicator.
I have used the candle indicator for a few years as I always observe the New Hour PA move as I have mentioned many times. Here is the indicator if you want to give it a try and I made the colors much softer not to become to bright and obscure our PA and Key Levels.
We are still trading our PVSRA rules nothing has changed just a little different visual if you want. I use both on different monitors and different time frames.
Have Fun......
Keep It Simple
- #3,173
- Jul 31, 2016 10:26pm Jul 31, 2016 10:26pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Looks like price is respecting the TPO levels pretty well. I missed the trade (I was feeding the little one)
OK, I see that PA did respect your TPO but am I missing something here, does it not depend on what time frame you set the area that is included in the range?
In other words, is it not subjective to how the trader sets the parameters? If so, and it's assisting you maybe you can post your settings for further test by others!........
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{quote} lKeithStone, OK, I see that PA did respect your TPO but am I missing something here, does it not depend on what time frame you set the area that is included in the range? In other words, is it not subjective to how the trader sets the parameters? If so, and it's assisting you maybe you can post your settings for further test by others!........
What I will do is go to the H4 timeframe and base the range on the previous MAIN leg price is retracing. I will also include any smaller legs within the MAIN leg. Hopefully this makes sense. I also try to make sure the vertical lines are aligned with the beginning of a day.
Let me know if you have questions. Hopefully the pic explains it a little better.
- #3,177
- Aug 1, 2016 5:25am Aug 1, 2016 5:25am
{quote} Sure, no problem. I probably should have told everyone how I normally align the TPO range.
{quote} hi lKeithStone my TPO range show me only on level i dont konw why can you help me please
The only information I can give you is to drag the indicator on your chart and set the ranges with the vertical red and blue lines. I'm not sure why you are only seeing one level.
On another note. Let's not forget why we are here. The main thing we need to concentrate on is PVSRA Scalping. The TPO levels are there for extra confirmation, but not needed.
- #3,179
- Aug 1, 2016 8:28am Aug 1, 2016 8:28am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Hi firas, The only information I can give you is to drag the indicator on your chart and set the ranges with the vertical red and blue lines. I'm not sure why you are only seeing one level. On another note. Let's not forget why we are here. The main thing we need to concentrate on is PVSRA Scalping. The TPO levels are there for extra confirmation, but not needed.
Keep It Simple
- #3,180
- Aug 1, 2016 8:54am Aug 1, 2016 8:54am
Looks like price is respecting the TPO levels pretty well. I missed the trade (I was feeding the little one)
If there is no enemy within, the enemy outside can do us no harm...