PVSRA Scalping with Cigarguy | Page 161 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

PVSRA (Price, Volume, S&R Analysis) 8,488 replies

PVSRA Scalping EA 1,290 replies

PVSRA Scalping 13 replies

Scalping M5 with PVSRA / 10pips Daily 64 replies

PVSRA Scalping 0 replies

Attachments: PVSRA Scalping with Cigarguy
Exit Attachments

PVSRA Scalping with Cigarguy

  • #3,201
  • Aug 2, 2016 8:41am Aug 2, 2016 8:41am
Quoting purdoy81
Hi Cigarguy, Thank you very much for your quick reply....i am still working and testing the AE.. first time that i am using an EA so im still confused. next time i'll reply with a snapshot of my trade. more green pips to you and everybody.
purdoy81,

This EA is actually very simple to set up and works well.

If you use the setting I posted some time back and only adjust the lots, take profit, stops and Snapshot settings to the path on your computer as you like, it should work well...
Keep It Simple
  • #3,202
  • Aug 2, 2016 9:00am Aug 2, 2016 9:00am
PVSRA Scalpers,

If some traders are having issues relative to using our PVSRA candle indicator, you of course can use regular candles if that helps. Our PVSRA candle indicator was coded to work in conjunction with our volume indicator providing a great visual of the high momentum PVSRA trading opportunities as explained in detail at Post #1 in our PVSRA PDF and as be seen throughout this thread with posted trade examples by contributors.

Each trader must decide what works best for them. Our PVSRA excellently coded template has evolved through the years and did initially provide for the trader to choose between PVSRA candles, HA candles and regular candles and a 50 ema line in lieu of the dragon. The current coding changes were primarily coded to keep our charts free of clutter allowing for a great visual of our candles, volume and support and resistance as seen with our key levels.

Feel free to use whatever candle works for you, but we must remain true to our PVSRA entries and abstain from lots of squiggly line crosses cluttering our clean charts.

The Big Candle indicator is not required but one I use as I look for nice momentum moves at the beginning of this candle which occur often as I have addressed in many previous posts.

Good Trading to all and stay GREEN.....
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-08-02_06-53-06_USDJPYi_a_M1.png Size: 43 KB
Keep It Simple
  • #3,203
  • Aug 2, 2016 9:11am Aug 2, 2016 9:11am
As I posted yesterday, it appeared on M15 the MM's were building longs and preparing to run PA above 101.500 on UJ, but we cannot know what they have in mind.

As seen here they ran price down through the 102.00 whole number key level to RDL.....This is why we cannot guess what they have in mind and only read our charts and look for PVSRA clues as to their intentions. My crystal ball often fails......

The H1 chart provides a clear visual as seen with the high volume bearish candle and break of this key level.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Snapshot2016-08-02_07-11-58_USDJPYi_c_M15.png Size: 47 KB
Click to Enlarge Name: Snapshot2016-08-02_07-22-05_USDJPYi_e_H1.png Size: 51 KB
Keep It Simple
  • #3,204
  • Aug 2, 2016 9:19am Aug 2, 2016 9:19am
UJ +6.1

I was very patient with this one. There were many times when I wanted to enter, but waited for the clean break down.

(not sure why the pip box isn't showing up - will look at it later)
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM12.png Size: 54 KB
  • #3,205
  • Aug 2, 2016 9:22am Aug 2, 2016 9:22am
Quoting lKeithStone;9062989[highlight=Lime
]UJ +6.1[/highlight] I was very patient with this one. There were many times when I wanted to enter, but waited for the clean break down. (not sure why the pip box isn't showing up - will look at it later) {image}
lKeithStone,

Nice..... Go into your trade indicator and change the level it is probably below your screen if you zoom out...
Attached Image (click to enlarge)
Click to Enlarge Name: trade level.jpg Size: 101 KB
Keep It Simple
  • #3,206
  • Aug 2, 2016 9:33am Aug 2, 2016 9:33am
Quoting cigarguy
{quote} lKeithStone, Nice..... Go into your trade indicator and change the level it is probably below your screen if you zoom out... {image}
Ahhhh thanks cigarguy. I'm used to it being on top. It must have been underneath. Thanks. Fixed.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1star.png Size: 54 KB
  • #3,207
  • Aug 2, 2016 9:35am Aug 2, 2016 9:35am
Quoting lKeithStone
{quote} Ahhhh thanks cigarguy. I'm used to it being on top. It must have been underneath. Thanks. Fixed. {image}
NP, often if your trade is at the top or bottom of your screen, just adjust the height and all good.....
Keep It Simple
  • #3,208
  • Aug 2, 2016 9:39am Aug 2, 2016 9:39am
Time to STALK for PVSRA entries.....
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_392 Aug. 02 07.45.jpg Size: 205 KB
Keep It Simple
  • #3,209
  • Edited 11:23am Aug 2, 2016 10:41am | Edited 11:23am
UJ M5 +27 (avg. +5.5 @ 5 lots) Stalked per CSM heads up as posted above with JPY strength vs USD and notable bearish volume. Explanation on chart but not much to say kind of a no brainer as not much talent here just let the Smart Money show the way as watching charts for PVSRA entries.........

Keep it SIMPLE and GREEN!

Can anyone see the CLUES?

We must look & see folks as we, as traders, are the Holy Grail in a trading sense (not Biblical of course) seeing with our eyes.....There is an old saying "So Many Look But Few See"........ Our thread here is devoted to help many SEE as all tools needed are provided FREE

Attached Image

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_394 Aug. 02 09.08.jpg Size: 67 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-08-02_08-44-26_USDJPYi_b_M5.png Size: 51 KB
Keep It Simple
  • #3,210
  • Aug 2, 2016 11:34am Aug 2, 2016 11:34am
UJ M1 +10 (avg. +2.1 @ 5 lots) Quick FIFO scalp from retrace to 50 ema as explanation on chart as keeping it simple and following smart money.....
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-08-02_09-37-23_USDJPYi_a_M1.png Size: 53 KB
Keep It Simple
  • #3,211
  • Aug 2, 2016 11:37am Aug 2, 2016 11:37am
USDJPY 2 trades 1M +10.2PIPS

Reasons for going SHORT on both trades
- I picked this pair because Currency Strength was showing super weak USD and super strong JPY
- Dragon was moving down
- PA was moving bearish on M5 and M15 time frames
- So I waited for a small retracement, the retracement failed to break Dragon upwards, and it started to go down again. I waited for the first red candlestick and entered just during the second red candlestick on high volume.
- Got my target and exited.

The first trade took a while to complete but my second trade finished in just 1 minute! FIFO!
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m1-forex-capital-markets.png Size: 44 KB
  • #3,212
  • Edited 11:57am Aug 2, 2016 11:41am | Edited 11:57am
Quoting robmagario
USDJPY 2 trades 1M +10.2PIPS Reasons for going SHORT on both trades - I picked this pair because Currency Strength was showing super weak USD and super strong JPY - Dragon was moving down - PA was moving bearish on M5 and M15 time frames - So I waited for a small retracement, the retracement failed to break Dragon upwards, and it started to go down again. I waited for the first red candlestick and entered just during the second red candlestick on high volume. - Got my target and exited. The first trade took a while to...
robmagario,

Our entries were close........nice trade and explanation.....

Even though JPY is currently strong vs USD, might want to be careful with these big bearish moves today as retraces/profit taking likely with PA at this level below RDL and near 100.500 key level could be strong support. We shall see what the MM's have in mind to grab their shirt tails for the ride.....We are watching our charts and PVSRA of course, but I expect some big retraces and be careful with shorts at these levels especially if price is near 100.500 ......
Keep It Simple
  • #3,213
  • Aug 2, 2016 12:00pm Aug 2, 2016 12:00pm
UJ H4 Key levels to watch for support and of course their will probably be M1 scalps possible, but IMO care should be taken at these levels.......
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-08-02_10-06-19_USDJPYi_f_H4.png Size: 50 KB
Keep It Simple
  • #3,214
  • Aug 2, 2016 12:21pm Aug 2, 2016 12:21pm
Quoting cigarguy
{quote} robmagario, Our entries were close........nice trade and explanation..... Even though JPY is currently strong vs USD, might want to be careful with these big bearish moves today as retraces/profit taking likely with PA at this level below RDL and near 100.500 key level could be strong support. We shall see what the MM's have in mind to grab their shirt tails for the ride.....We are watching our charts and PVSRA of course, but I expect some big retraces and be careful with shorts at these levels especially if price is near 100.500...
Cigarguy, yes, thanks for reminding me of those two.
I honestly got a bit scared when PA moved towards RDL and the candle stopped just close to RDL and I was ready to close the trade if it rebounced from there.
But on the second trade it showed that it broke RDL downwards easily. Maybe it was just me being lucky.
  • #3,215
  • Aug 2, 2016 12:28pm Aug 2, 2016 12:28pm
Quoting robmagario
{quote} Cigarguy, yes, thanks for reminding me of those two. I honestly got a bit scared when PA moved towards RDL and the candle stopped just close to RDL and I was ready to close the trade if it rebounced from there. But on the second trade it showed that it broke RDL downwards easily. Maybe it was just me being lucky.
robmagario,

I have found that at times LUCK prevails over TALENT.....I think I would rather be lucky then GOOD........
Keep It Simple
  • #3,216
  • Edited 8:47pm Aug 2, 2016 8:37pm | Edited 8:47pm
UJ M1 FIFO scalp +18 (avg. +3.6 @ 5 lots) Held trade approx. 1 minute as got to love these high momentum trades. Explanation on chart. All ema's headed up stacked for bullish entry 200, 100 and 50......
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-08-02_18-37-47_USDJPYi_a_M1.png Size: 52 KB
Keep It Simple
  • #3,217
  • Aug 3, 2016 8:39am Aug 3, 2016 8:39am
Here is an example of a FIFO trade using the TPO. The level indicated as green by the TPO happened exactly to be 1.31000 (which is an important level for PVSRA scalper). At the same time on this picture 1.31250 is also a TPO green level... which is another important level.

While stalking for entry, I saw TPO levels near PVSRA levels quite often. I also noticed it is a good indication of the quality of a level before entering a trade... Just wanted to point this out. Each should make their own conclusion anyway :nerd:

Cheers guys !
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD+M1_20160803.png Size: 58 KB
  • #3,218
  • Aug 3, 2016 9:06am Aug 3, 2016 9:06am
Quoting thedrrew
Here is an example of a FIFO trade using the TPO. The level indicated as green by the TPO happened exactly to be 1.31000 (which is an important level for PVSRA scalper). At the same time on this picture 1.31250 is also a TPO green level... which is another important level. While stalking for entry, I saw TPO levels near PVSRA levels quite often. I also noticed it is a good indication of the quality of a level before entering a trade... Just wanted to point this out. Each should make their own conclusion anyway :nerd: Cheers guys ! {image}
thedrrew,

Thanks for your contribution as nice trade and observation.......

Did you use the settings as provided by lKeithStone at post #3174? If not could you post yours for all to see?
Keep It Simple
  • #3,219
  • Aug 3, 2016 9:24am Aug 3, 2016 9:24am
UJ M15 +32 (avg. +6.4 @ 5 lots) Explanation on chart. Probably more upside to 101.500 as better t/p but then possible retrace as resistance level. I'm always OK with my quick FIFO trades just my style as can wash, rinse and repeat...........
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-08-03_07-26-03_USDJPYi_c_M15.png Size: 47 KB
Keep It Simple
  • #3,220
  • Aug 3, 2016 9:39am Aug 3, 2016 9:39am
UJ as posted above and expected from above retrace from 101.500 key level; Why FIFO not subject to whip saws or retraces and yes sure USD is strong and may continue but pips banked is ok for me as not greedy with less stress.........Each trader must find what works for them and their comfort zone......
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-08-03_07-41-44_USDJPYi_a_M1.png Size: 53 KB
Keep It Simple
9 traders viewing now