UJ M1 FIFO Scalp +30 (avg. +6 @ 5 lots) Explanation on chart as tricky smart money attempts to strike again. I was waiting for the new hour candle and saw support at the 102.250 key level area.......
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PVSRA Scalping with Cigarguy
{quote} Hey keith. If I'm correct. The TPO level was printed before it was tested by price Yeah?
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}
- #3,183
- Aug 1, 2016 9:54am Aug 1, 2016 9:54am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M5 +15 (avg. +3.1 @ 5 lots) Explanation on chart....
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- #3,185
- Edited 10:31am Aug 1, 2016 10:04am | Edited 10:31am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
PVSRA Scalpers,
I believe this chart says it all as to why we scalp FIFO as I have posted many times prior. Why turn nice profits into losers as scalping PVSRA observing key levels as S & R works!!...........
I think every FX trader here would be excited if the Banks & Market Makers would announce that they would call and let you know their intentions prior to making their move. That is what we are doing; learning to read and understand our PVSRA charts and gleam an edge as to their intent by observing;
P = price V=volume S=support R=resistance A=analysis
I don't play poker, but I hear poker players talk about watching the other players for a TELL as they play the players not their hands. They say this TELL will give them a good idea if they are holding a winning hand. I guess by watching our PVSRA charts we are gleaming somewhat of a TELL as to the Smart Money's intentions.....
Keeping it simple....and Stay GREEN My Friends
I believe this chart says it all as to why we scalp FIFO as I have posted many times prior. Why turn nice profits into losers as scalping PVSRA observing key levels as S & R works!!...........
I think every FX trader here would be excited if the Banks & Market Makers would announce that they would call and let you know their intentions prior to making their move. That is what we are doing; learning to read and understand our PVSRA charts and gleam an edge as to their intent by observing;
P = price V=volume S=support R=resistance A=analysis
I don't play poker, but I hear poker players talk about watching the other players for a TELL as they play the players not their hands. They say this TELL will give them a good idea if they are holding a winning hand. I guess by watching our PVSRA charts we are gleaming somewhat of a TELL as to the Smart Money's intentions.....
Keeping it simple....and Stay GREEN My Friends
Keep It Simple
- #3,186
- Aug 1, 2016 10:38am Aug 1, 2016 10:38am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
my 1st trading post.... 1. dragon was turning up 2. price above 50 and 200ema 3. good volume momo resulting in +5 {image}
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- #3,187
- Aug 1, 2016 10:51am Aug 1, 2016 10:51am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
IMO, traders should be careful stalking UJ even though CSM gives good indications as to a sell, I see lots of ranging between 102.500 and 102.250 key levels.
Right below this 102.500 half number key level is where, many times the smart money will accumulate for a bullish move up and above this key level. We of course cannot know but we can observe PVSRA for clues;
High volume in a downtrend could signal the demand is starting to increase, but we shall see.....
Right below this 102.500 half number key level is where, many times the smart money will accumulate for a bullish move up and above this key level. We of course cannot know but we can observe PVSRA for clues;
High volume in a downtrend could signal the demand is starting to increase, but we shall see.....
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- #3,188
- Aug 1, 2016 11:12am Aug 1, 2016 11:12am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M1 +14 (avg. +2.7 @ 5 lots) Ok entered short contrary to my above post (as we cannot know) as PA lead the way for a quick scalp as DO and key level broken........We can observe, analyze and predict all we want, but only our charts with PVSRA confirmation will lead the way.
I have yet to figure a way to out smart the market.......
I have yet to figure a way to out smart the market.......
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- #3,190
- Aug 1, 2016 11:18am Aug 1, 2016 11:18am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Hello Cigarguy, can you share your sets.thanks
All indicators, templates and learning items are located at Post #1 and the above paperclip....Our thread represents our PVSRA Scalping textbook with many gold nuggets included throughout posted by contributors...........
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- #3,191
- Aug 1, 2016 11:23am Aug 1, 2016 11:23am
{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.
- #3,192
- Aug 1, 2016 11:27am Aug 1, 2016 11:27am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
I have been asked via PM's what charts I view for stalking purposes. I have 4 monitors with the CSM on one and these working charts on another as an example.
Each trader must decide what works for them and KEEP IT SIMPLE.
As Walt Kelly, once wrote with his famous classic Comic Strip "We Have Met The Enemy And He Is Us"............
Each trader must decide what works for them and KEEP IT SIMPLE.
As Walt Kelly, once wrote with his famous classic Comic Strip "We Have Met The Enemy And He Is Us"............
Keep It Simple
- #3,194
- Aug 1, 2016 11:43am Aug 1, 2016 11:43am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Hi CG, UJ has dropped about 30pips in the past couple of hours, would u consider a buy anywhere under the dragon or must wait when price is back up above the dragon...thanks. PH
I never attempt to predict the market for the above reasons and only read my PVSRA charts as have been fooled too many times by the sneaky ones...
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- #3,196
- Aug 1, 2016 12:07pm Aug 1, 2016 12:07pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Thank you CG for the wise words....Never predict and follow the PVSRA chart....and I'll repeat 3 times....Have a nice trading day and ttyl PH
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- #3,197
- Edited 1:04pm Aug 1, 2016 12:48pm | Edited 1:04pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
PVSRA Traders,
I have been asked via PM's by traders, if they could/should target more then the 5 pips that most here set as a target? Of course, each trader can set what ever take profit they feel is obtainable from their PVSRA charts.
I normally set a 5 pip t/p with multiple lots only because, from past experience in analyzing PA moves, these small moves occurred often. Many times after a +/- 5 pip move, retraces occurred wiping out gains as I have depicted in many previously posted charts.
If after retrace or profit taking PA then resumes it's move then one could stalk for another PVSRA entry in the same direction. I have done this multiple times; make +/- 5 pips, then close and re-enter if PA continues with good momentum and PVSRA confirmation relative to S & R.
This is what we jokingly refer to as; Wash, Rinse and Repeat....
Comments welcomed as always.....
Stay GREEN My Friends
I have been asked via PM's by traders, if they could/should target more then the 5 pips that most here set as a target? Of course, each trader can set what ever take profit they feel is obtainable from their PVSRA charts.
I normally set a 5 pip t/p with multiple lots only because, from past experience in analyzing PA moves, these small moves occurred often. Many times after a +/- 5 pip move, retraces occurred wiping out gains as I have depicted in many previously posted charts.
If after retrace or profit taking PA then resumes it's move then one could stalk for another PVSRA entry in the same direction. I have done this multiple times; make +/- 5 pips, then close and re-enter if PA continues with good momentum and PVSRA confirmation relative to S & R.
This is what we jokingly refer to as; Wash, Rinse and Repeat....
Comments welcomed as always.....
Stay GREEN My Friends
Keep It Simple
- #3,200
- Aug 2, 2016 8:30am Aug 2, 2016 8:30am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Keep It Simple