PVSRA Scalping with Cigarguy | Page 162 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

PVSRA (Price, Volume, S&R Analysis) 8,492 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

  • #3,221
  • Aug 3, 2016 7:47am Aug 3, 2016 7:47am
Observe the NEW HOUR candle momentum move that I often stalk for a high momentum trades as well.....This little candle indicator depicts that move nicely for those interested as these momentum moves happen frequently......I just got here and could have entered on this one much earlier.....
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-08-03_07-41-44_USDJPYi_a_M1.png Size: 57 KB
Keep It Simple
  • #3,222
  • Aug 3, 2016 8:05am Aug 3, 2016 8:05am
Quoting cigarguy
{quote} 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?
Yep, same has lKeithStone.
Attached Image
  • #3,223
  • Aug 3, 2016 8:06am Aug 3, 2016 8:06am
Quoting thedrrew
{quote} Yep, same has lKeithStone. {image}
Keep It Simple
  • #3,224
  • Aug 3, 2016 8:16am Aug 3, 2016 8:16am
UJ M5 +20 (avg. +3.9 @ 5 lots) Explanation on chart.....FIFO as just Wash, Rinse and Repeat with notable volume.....

As for me; When I once position traded I would watch charts for hours through retraces, whip saws and ranging attempting to gain what can be gained with a few FIFO trades in a short time and scalping requiring less time and stress.....Just My Opinion of course as all must decide and of course their are arguments to the contrary.......
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-08-03_08-19-28_USDJPYi_b_M5.png Size: 57 KB
Keep It Simple
  • #3,225
  • Edited 8:42am Aug 3, 2016 8:30am | Edited 8:42am
Case and point to above post.....FIFO gain would not have been quickly banked allowing to stalk for another entry........
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-08-03_08-35-46_USDJPYi_b_M5.png Size: 50 KB
Keep It Simple
  • #3,226
  • Edited 9:06am Aug 3, 2016 8:54am | Edited 9:06am
UJ M5 +24 (avg. +4.8 @ 5 lots) Explanation on chart.....Not much more can be said as just trading with the Smart Money as they show the way via PVSRA confirmations....

+76 pips easily scalped today with no stress........Now time for a cigar and the lake....

Stay GREEN My Friends Regards,
Attached Image

Cigarguy ( I love this commercial)
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-08-03_08-58-56_USDJPYi_b_M5.png Size: 54 KB
Keep It Simple
  • #3,227
  • Aug 3, 2016 9:31am Aug 3, 2016 9:31am
NO TRADE TODAY so far

Reasons not to trade now
- I took a look at Dragon but it is straight horizontal and seems that it is not going anywhere
- Currency Strength showing USD and JPY too close to each other
- Volume is super tiny!
- Other currency pair look good but my broker doesn't give me a good spread on other pairs, so I will give up.

Sometimes no trade is the best trade. I will go to bed now.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m1-forex-capital-markets.png Size: 41 KB
  • #3,228
  • Aug 3, 2016 1:28pm Aug 3, 2016 1:28pm
HEY ALL

Its been a while, cigar guy, could i pick your brains as to why i cant seem to attach the Mad dash indicator to my screen, it just doesnt like my computer, i havd installed it correctly on MT4 however i drag it to a chart and i see nothing, i currently have 2 screens. Could you provide some assistance.

Hope everyone is having a great week so for.

Staying Green AS Always

Iscalp
If there is no enemy within, the enemy outside can do us no harm...
  • #3,229
  • Aug 4, 2016 12:59am Aug 4, 2016 12:59am
GU M1 high volume on London open breaking the sideway PA

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 42 KB
  • #3,230
  • Aug 4, 2016 5:33am Aug 4, 2016 5:33am
Quoting iscalp
HEY ALL Its been a while, cigar guy, could i pick your brains as to why i cant seem to attach the Mad dash indicator to my screen, it just doesnt like my computer, i havd installed it correctly on MT4 however i drag it to a chart and i see nothing, i currently have 2 screens. Could you provide some assistance. Hope everyone is having a great week so for. Staying Green AS Always Iscalp
iscalp,

I have no idea as not one of our PVSRA indicators picked it up from another thread and I think the latest version is 1.32. You might look for the thread here at FF for more information......not really essential to our scalping system.......
Keep It Simple
  • #3,231
  • Edited 6:04am Aug 4, 2016 5:54am | Edited 6:04am
UJ M5 +29 (avg. +5.7 @ 5 lots) Just got here and saw this good momentum quick FIFO scalp.....explanation on chart as doesn't get much easier then this folks as have not even had 1st cup of coffee.

Just drill down from M15, M5 and M1 for the trend ( you can go to higher t/f's of course but can usually find a quick 5 +\- pips scalp there) and a possible PVSRA entry and then you can get best entry on the M1 based on PVSRA confirmation on the higher t/f'. Keeping it simple and let the smart money momentum show the way.....
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-08-04_05-58-17_USDJPYi_b_M5.png Size: 57 KB
Keep It Simple
  • #3,232
  • Aug 4, 2016 6:08am Aug 4, 2016 6:08am
Quoting cigarguy
UJ M5 +29 (avg. +5.7 @ 5 lots) Just got here and saw this good momentum quick FIFO scalp.....explanation on chart as doesn't get much easier then this folks as have not even had 1st cup of coffee. Just drill down from M15, M5 and M1 for the trend ( you can go to higher t/f's of course but can usually find a quick 5 +\- pips scalp there) and a possible PVSRA entry and then you can get best entry on the M1 based on PVSRA confirmation on the higher t/f'. Keeping it simple and let the smart money momentum show the way..... {image}
Very good one! I saw it but I didn't entered because I was preparing to go to the gym.
  • #3,233
  • Aug 4, 2016 6:11am Aug 4, 2016 6:11am
UJ M1 +14 (avg. +2.7 @ 5 lots) Explanation on chart as can pick these retraces off all day held trade for approx. 14 seconds.......
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-08-04_06-15-35_USDJPYi_a_M1.png Size: 45 KB
Keep It Simple
  • #3,234
  • Aug 4, 2016 6:12am Aug 4, 2016 6:12am
Quoting cigarguy
UJ M5 +29 (avg. +5.7 @ 5 lots) Just got here and saw this good momentum quick FIFO scalp.....explanation on chart as doesn't get much easier then this folks as have not even had 1st cup of coffee. {image}
I took about the same trade as you, but... you waited for the rejection of 101.25 first and that caught my eyes today. I think patience is a must in this business. I tend to get in too early...

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY+M1_tooFast.png Size: 55 KB


Have a green day !
  • #3,235
  • Aug 4, 2016 6:12am Aug 4, 2016 6:12am
Quoting robmagario
{quote} Very good one! I saw it but I didn't entered because I was preparing to go to the gym.
Not to worry as they will happen all day.....
Keep It Simple
  • #3,236
  • Edited 6:30am Aug 4, 2016 6:14am | Edited 6:30am
Quoting thedrrew
{quote} I took about the same trade as you, but... you waited for the rejection of 101.25 first and that caught my eyes today. I think patience is a must in this business. I tend to get in too early... {image} Have a green day !
NP as did good with nice size lots and +250.......No apologizes needed there........
Keep It Simple
  • #3,237
  • Aug 4, 2016 6:18am Aug 4, 2016 6:18am
You Guys/Gals are becoming extremely proficient PVSRA Scalpers and making some very nice pips making it look easy by keeping it simple.........
Keep It Simple
  • #3,238
  • Edited 6:39am Aug 4, 2016 6:28am | Edited 6:39am
As I posted earlier;

If you observe a M1 retrace past all of the ema's then move up to M5 to see if it is a M5 retrace and then if PA continues up move up again to M15.

Lower M1 & M5 may appear as a trend change when PA is actually making a retrace on a higher t/f such as M15, M30 and so on.... Then you can observe if PA is making a retrace or a trend change observed with confirmation on the higher t/f's..........Observing these retraces with confirmed PVSRA entries will make you some very nice pips........We can observe and trade these RETRACES on any pair all day.........Wash, Rinse and Repeat........

I'm by no means a very good teacher but I hope this helps some.....

Stay GREEN My Friends!
Keep It Simple
  • #3,239
  • Aug 4, 2016 6:46am Aug 4, 2016 6:46am
Quoting cigarguy
{quote} NP as did good with nice size lots and +250.......No apologizes needed there........
Maybe one day ! But I am using 0.5 lot for now. I think my setting for the point display is not the default one.

Now I'll try to see that new hour candle momentum you are talking about. Let's wait for 10am(EST)
  • #3,240
  • Aug 4, 2016 6:49am Aug 4, 2016 6:49am
Quoting thedrrew
{quote} Maybe one day ! But I am using 0.5 lot for now. I think my setting for the point display is not the default one. Now I'll try to see that new hour candle momentum you are talking about. Let's wait for 10am
thedrrew,

Your doing fine.....Yes, I always watch for the New Hour candle as many times ( not always of course) it will offer a very nice momentum move for a quick 5 pips.......That's right the only way to know is to observe and be ready for a quick FIFO PVSRA scalp if presented as I have entered many nice trades combining this candle and PVSRA. Just keep in mind the trading Session and time of day is important for good momentum moves........
Keep It Simple
11 traders viewing now