UJ charts depicting M1 & M5 FIFO setups +16 (avg. +3.2) OK, Guys/Gals here is a M1 and M5 chart I don't think I can explain this entry any better then these charts......Same trade of course just depicting M1 & M5 t/f's.
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PVSRA Scalping with Cigarguy
- #3,242
- Edited 7:26am Aug 4, 2016 7:13am | Edited 7:26am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M5 +25 (avg. +5 @ 5 lots) Explanation on charts as doesn't get much easier then this with good momentum and PVSRA confirmation. Gotta love these retrace trades..... .......
Not bad so far +84 with UJ acting like an ATM today but my trigger finger is getting tired......
Not bad so far +84 with UJ acting like an ATM today but my trigger finger is getting tired......
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- #3,243
- Edited 7:48am Aug 4, 2016 7:34am | Edited 7:48am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
YOU DECIDE IF THIS LEVEL WOULD HAVE BEEN YOUR TARGET FOR A NICE TAKE PROFIT .......... 
Do all have to scalp?....No of course not PVSRA confirmed entries will provide excellent entries for all traders......We scalp here but each trader must decide what works for them.......and all PVSRA posts welcomed as we all learn from each other.......
Do all have to scalp?....No of course not PVSRA confirmed entries will provide excellent entries for all traders......We scalp here but each trader must decide what works for them.......and all PVSRA posts welcomed as we all learn from each other.......
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- #3,244
- Aug 4, 2016 8:07am Aug 4, 2016 8:07am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M1 & M5 +17 (avg. +3.3 @ 5 lots) Both charts explain entry. I hope this makes sense folks and easy to understand especially for the NEW traders.....
UJ just keeps on giving +101
UJ just keeps on giving +101
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- #3,245
- Aug 4, 2016 8:40am Aug 4, 2016 8:40am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M5 FIFO Scalp +15 (avg. +3.1 @ 5 lots) Explanation on chart and UJ so far today +116 
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- #3,246
- Aug 4, 2016 8:58am Aug 4, 2016 8:58am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M1 FIFO Scalp +14 (avg. +2.0 @ 5 lots) Explanation on chart again another nice retrace scalp. UJ now +130.....
Come on somebody jump in with some trades and give my trigger finger a break.....
Come on somebody jump in with some trades and give my trigger finger a break.....
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- #3,247
- Edited 10:40am Aug 4, 2016 9:17am | Edited 10:40am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
DON'T BE BASHFUL JUST JUMP IN POST YOUR CHARTS AS HERE IS A BLANK CHART WAITING FOR YOUR TRADES.....
All trading tools are provided here FREE OF CHARGE and helpful traders here will show you how to trade PVSRA and make some nice $$$ and have fun in the process .....
And hopefully, at the end of your trading session you can enjoy some........
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- #3,248
- Aug 4, 2016 11:34am Aug 4, 2016 11:34am
{quote} 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........
Thanks for everything you share cigarguy, it is valuable information for a very cheap price
.And here is my last trade for the day. A quick scalp for 2.6 pips on UC. I was looking for a retouch of 1.30000 after the small retrace on 1M TF.
- #3,249
- Aug 4, 2016 11:36am Aug 4, 2016 11:36am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} I ended up looking at the move to get a feel for it... And what I begin to understand is momentum. It needs to be initiated before entering the trade. That is something I have difficulty with (and I am most likely not alone). Thanks for everything you share cigarguy, it is valuable information for a very cheap price
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- #3,251
- Edited 3:54pm Aug 4, 2016 3:42pm | Edited 3:54pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Hi CG, Thanks very much for your help.....Yes i also figure out how to use it and your guide makes it quicker. heres some trades it took this morning still unrealized....maybe i'll sit on this a bit longer. explanation is on the chart. {image}
Appears that you have the idea but maybe entered just a bit too soon but no big deal and I see that you are still subscribed to the Old Sonic R system that has evolved into this PVSRA system......
PS. Please close your order window at top left so all can see your Access Panel......Thanks.....
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- #3,252
- Edited 4:27pm Aug 4, 2016 4:01pm | Edited 4:27pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} I ended up looking at the move to get a feel for it... And what I begin to understand is momentum. It needs to be initiated before entering the trade. That is something I have difficulty with (and I am most likely not alone). Thanks for everything you share cigarguy, it is valuable information for a very cheap price
Yes, momentum is key to QUICKLY taking you to your take profit and of course is most prevalent during a ACTIVE TRADING SESSION.....
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- #3,254
- Aug 4, 2016 4:54pm Aug 4, 2016 4:54pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
OOOps....... Sori CG Forgot to close that before i took the screen shot... Reason i took the Trade before the asian session is because of the carry trade too...to offset the commission. But actually im confident with this trade because of the GBP interest rate that is still fresh so selling this pair is much safer and can hold it just before the frankfurt session. I observe too that this pair can move up 150 plus pips during the day. Yes i was subscribe with the old Sonic and an avid follower of TAH the great....teacher. I have[/highlight]...
I have a good and bad experience with that system especially the scout.......
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- #3,255
- Aug 4, 2016 5:08pm Aug 4, 2016 5:08pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M1 +31 Got a bit +3.1 with 10 lots of this high momentum FIFO scalp and quickly closed. Explanation on chart...high risk entry at opening and news....
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- #3,256
- Aug 4, 2016 5:10pm Aug 4, 2016 5:10pm
{quote} Yes and that is why many left and or discontinued trading those scouts with extremely high DD's.... Including TAH.......
what i learn from him is to follow his advice but not follow what he does....HH...but i have a great respect for the man.......
Same as you.....helping a struggling trader is a very compelling endeavor.....and i will keep repeating this words to you and to him...THANK YOU VERY MUCH....
Actually this days i could say that PVSRA is all we need as an indicator.......it is giving us a lot of clues.....that is by observing all the entry that everyone is contributing here. and to the original PVSRA Thread.......
- #3,257
- Aug 4, 2016 5:18pm Aug 4, 2016 5:18pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} But i think PVSRA owe a great deal with TAH for his continued efforts to improve this indy's and his aim to help others... what i learn from him is to follow his advice but not follow what he does....HH...but i have a great respect for the man....... Same as you.....helping a struggling trader is a very compelling endeavor.....and i will keep repeating this words to you and to him...THANK YOU VERY MUCH.... Actually this days i could say that PVSRA is all we need as an indicator.......it is giving us a lot of...
I totally agree as TAH and I go back a long ways trading a few systems and threads.....We would not be here today with this PVSRA scalping system if not for his coding and dedication to helping others.......He and I always joked as he considered me as the "Resident Scalper" on his old PVSRA thread as most were position traders.....Hence I started this thread primarily dedicated to continuing the PVSRA scalping system and although not a teacher as he was, helping those interested as much as possible.......
Excellent Comment....
"Actually this days i could say that PVSRA is all we need as an indicator.......it is giving us a lot of clues.....that is by observing all the entry that everyone is contributing here. and to the original PVSRA Thread......."
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- #3,260
- Aug 5, 2016 5:04am Aug 5, 2016 5:04am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
CG, thanks for the illustration yesterday. It was quite slow n yet u were able to pick up 2 pips here n 3 pips there with lots of fun. I figure even the 5 pip target needs to be adjusted in order to save a winning trade from a losing one, and wonder if we could have a "break even" option button on our order entry EA, it would really help in the situation. Just a thought for future consideration. Since it's an Olympic Friday, would be a perfect time to observe your recent advice to leave forex alone n pick up some fun. Have a wonderful weekend. PH...
When I cease to enjoy and have fun trading with the many challenges, then it's time for me to stop......
In response to your question regarding a BE option added to our Order Entry EA? I personally monitor each FIFO trade as most move soo fast as a scalp I don't need a BE and I have no idea where the traders that coded it for us are these days....You can probably find someone here at FF to add that for you..
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