PVSRA Scalping with Cigarguy | Page 167 | 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

  • #3,321
  • Aug 10, 2016 9:26am Aug 10, 2016 9:26am
Quoting thedrrew
USDCAD +5 1M Glad of that one since I waited for the push. = I entered because of the dragon going up / Push from 1M 50EMA / Push from 5M 50EMA and all this from the 1.3025 LVL. wiseguytrade, cigarguy, I like the quote ! {image}

thedrrew,

Good job as living up to the "Bee Sting".........
Keep It Simple
  • #3,322
  • Aug 10, 2016 9:31am Aug 10, 2016 9:31am
Quoting cigarguy
{quote} thedrrew, Good job as living up to the "Bee Sting".........
  • #3,323
  • Edited 10:10am Aug 10, 2016 9:58am | Edited 10:10am
UJ M1 +19 FIFO scalp (avg. +3.8 @ 5 lots) See chart for explanation detailing "The Sting".......Small but effective......

Keeping in mind, with decent lot sizes, it only takes 1 or 2 or so of these little Stings to gain what most set as a daily goal as they watch Smart Money whipping and whacking PA for some time......
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-08-10_08-01-19_USDJPYi_a_M1.png Size: 54 KB
Keep It Simple
  • #3,324
  • Aug 10, 2016 10:13am Aug 10, 2016 10:13am
Well this morning I have been doing a bit of fancy footwork and for the most part, that pesky bee keeps stinging and stinging. I appreciate it when a plan comes together. Up unto the last trade, market averages all pointing down, and then the sentiment changed. Price started pulling up to the M15 level and I also noticed that market structure started looking like a reverse head and shoulders, so on this last trade I took the breakout to the upside because the averages were starting to turn upwards and felt it was a stronger position and less risk to the downside. Thanks Cigarguy for the consistent reporting and commentary. It makes it 'easier' to go with what you see instead of what you would like it to be.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiM5.png Size: 35 KB
  • #3,325
  • Edited 10:29am Aug 10, 2016 10:15am | Edited 10:29am
Quoting cigarguy
UJ....We shall see if 101.000 whole number holds as support and stalk for PVSRA entries as catching the momentum of the Smart Money......Keeping in mind we "Trade What We See Not What We Think"........ As always comments welcomed...... {image}
Gotta to love it when a plan comes together as finding support @ 101.000.....It may be short lived but still good for some nice PVSRA scalps.......

Attached Image
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-08-10_08-36-51_USDJPYi_e_H1.png Size: 38 KB
Keep It Simple
  • #3,326
  • Aug 10, 2016 10:19am Aug 10, 2016 10:19am
Quoting wiseguytrade
Well this morning I have been doing a bit of fancy footwork and for the most part, that pesky bee keeps stinging and stinging. I appreciate it when a plan comes together. Up unto the last trade, market averages all pointing down, and then the sentiment changed. Price started pulling up to the M15 level and I also noticed that market structure started looking like a reverse head and shoulders, so on this last trade I took the breakout to the upside because the averages were starting to turn upwards and felt it was a stronger position and less risk...
wiseguytrade,

Good trade and excellent explanation...... I have been doing a bit of fancy footwork and for the most part, that pesky bee keeps stinging and stinging.

I appreciate your analytical explanation as I am not and that is a nice addition to this thread and surely will help other traders.....

Your Order Entry EA looks a bit strange.....Did you install the one I posted earlier and is it working for you now?
Keep It Simple
  • #3,327
  • Aug 10, 2016 10:30am Aug 10, 2016 10:30am
All the prior trades were done with the earlier EA, the last with that which you posted. But, for some reason, my computer is doing funky things today and only wants me to trade .09 lots, not .10. Can't figure it out, but the moon must be controlling my computer today. ;-)

Thank again for your words of wisdom, always appreciated !!

WGT
  • #3,328
  • Aug 10, 2016 10:31am Aug 10, 2016 10:31am
Quoting wiseguytrade
All the prior trades were done with the earlier EA, the last with that which you posted. But, for some reason, my computer is doing funky things today and only wants me to trade .09 lots, not .10. Can't figure it out, but the moon must be controlling my computer today. ;-) Thank again for your words of wisdom, always appreciated !! WGT
NP.... You need to get that puppy fixed so we can see some more STINGS from your trades....
Keep It Simple
  • #3,329
  • Edited 11:52am Aug 10, 2016 11:10am | Edited 11:52am
Quoting trader7777x
{quote} What is the name of the indicator specified on the candles, please?
Post #196 or above paper clip if you mean the upper right corner indicator....
Keep It Simple
  • #3,330
  • Edited 12:28pm Aug 10, 2016 12:16pm | Edited 12:28pm
Quoting wiseguytrade
Well this morning I have been doing a bit of fancy footwork and for the most part, that pesky bee keeps stinging and stinging. I appreciate it when a plan comes together. Up unto the last trade, market averages all pointing down, and then the sentiment changed. Price started pulling up to the M15 level and I also noticed that market structure started looking like a reverse head and shoulders, so on this last trade I took the breakout to the upside because the averages were starting to turn upwards and felt it was a stronger position and less risk...
wiseguytrade,

I was a bit busy earlier and did not notice your pip gain on the above trades, My Bad....

Anyway I just noticed you banked +92.3 on those 3 UJ M5 trades as many watch for hours to gain what you quickly achieved with only a +2.5 pip profit with controlled money management. That's what trading with the Smart Monies Momentum can quickly accomplish.

Excellent job as you most certainly performed some nice footwork preparing and then gave them a upper cut for the final "STING" and ultimately reaped the rewards being some nice pips...............
Keep It Simple
  • #3,331
  • Aug 10, 2016 1:18pm Aug 10, 2016 1:18pm
cigarguy,

Thanks for the plaudit. I think for the day I did 6 trades, 5 out of the 6 made 4.9 pips profit and the 1 I lost 1.63 pips due to closing out a few seconds too soon, but the overall net was positive for the day. Pretty stress-free trading. I have a tendency to set up points where price could come and retrace to and put up the 'flag' to say, come on guys, go after me. I also have well in mind where I am wrong and willing to throw in the towel. I also do traditional breakouts and go with the flow. So, I have learned over the many years that I have done this is to 'dance with the markets.' I am not going to always be right, by a long shot, but over the long run, one should be on the positive side of things.

Hope you have a great rest of your day and chat later.

WGT ;-)
  • #3,332
  • Aug 10, 2016 1:30pm Aug 10, 2016 1:30pm
I'm done for now Guys/Gals so Stay GREEN!!

Regards,
Cigarguy
Keep It Simple
  • #3,333
  • Aug 10, 2016 8:50pm Aug 10, 2016 8:50pm
Attached Image (click to enlarge)
Click to Enlarge Name: scalp1gb.png Size: 55 KB

 

  1. GBP/USD, price was rejected on at the half-level (1.30250) so simply entered for a quick +8.

Attached Image (click to enlarge)
Click to Enlarge Name: scalperuusd1.png Size: 46 KB

 

  1. EUR/USD was against a resistance on the 4HR chart so went to scalp the 1min chart.
  2. The entry wasn't PVSRA really as i simply entered on a bearish engulfing on the 15 mins.
  3. My target was at the next PVSRA level which was the 1.11750 for +10.


Cheers

  • #3,334
  • Aug 10, 2016 9:54pm Aug 10, 2016 9:54pm
Quoting cigarguy
{quote} Gotta to love it when a plan comes together as finding support @ 101.000.....It may be short lived but still good for some nice PVSRA scalps....... {image} {image}
Hello Cigarguy,

Could You please tell me what are the two green zeros below the order panel on your template?

I downloaded and loaded up everything from page 1but I don't see it on mine

Thanx for a reply

JamesT
  • #3,335
  • Aug 10, 2016 10:13pm Aug 10, 2016 10:13pm
Quoting Stellan
{image} GBP/USD, price was rejected on at the half-level (1.30250) so simply entered for a quick +8. {image} EUR/USD was against a resistance on the 4HR chart so went to scalp the 1min chart. The entry wasn't PVSRA really as i simply entered on a bearish engulfing on the 15 mins. My target was at the next PVSRA level which was the 1.11750 for +10. Cheers
Not the kind of trade that I would do, but it was a good trade on spotting those double shoulders. Well done!
  • #3,336
  • Aug 10, 2016 10:18pm Aug 10, 2016 10:18pm
Quoting Stellan
{image} GBP/USD, price was rejected on at the half-level (1.30250) so simply entered for a quick +8. {image} EUR/USD was against a resistance on the 4HR chart so went to scalp the 1min chart. The entry wasn't PVSRA really as i simply entered on a bearish engulfing on the 15 mins. My target was at the next PVSRA level which was the 1.11750 for +10. Cheers
Stellan,

Both nice trades and explanations..........
Keep It Simple
  • #3,337
  • Aug 10, 2016 10:24pm Aug 10, 2016 10:24pm
Quoting dunlop432
{quote} Hello Cigarguy, Could You please tell me what are the two green zeros below the order panel on your template? I downloaded and loaded up everything from page 1but I don't see it on mine Thanx for a reply JamesT
dunlop432,

That is the pipsometer that shows the number of pips + or - in real time once a trade is opened. There are 2 versions; 1 for a 5 decimal Broker and 1 for a 4 digit Broker. You can try each and see what works for you and they can be moved around the chart with user inputs.

I thought I had uploaded them before for all to use but I guess not......Sorry Guys/Gals....

Here they both are enjoy......
Attached File(s)
File Type: ex4 pipsometer_5_decimal.ex4   6 KB | 496 downloads
File Type: ex4 pipsometer_decimal.ex4   13 KB | 451 downloads
File Type: mq4 pipsometer_decimal.mq4   5 KB | 526 downloads
Keep It Simple
  • #3,338
  • Aug 10, 2016 10:33pm Aug 10, 2016 10:33pm
Quoting robmagario
{quote} Not the kind of trade that I would do, but it was a good trade on spotting those double shoulders. Well done!
robmagario,

Yep, entries a little early for me as well, but he was looking at the H4 and candle formations which is a weak point for me. Maybe this style will bring something positive to the table for all to learn.....
Keep It Simple
  • #3,339
  • Aug 10, 2016 10:33pm Aug 10, 2016 10:33pm
Quoting cigarguy
{quote} dunlop432, That is the pipsometer that shows the number of pips + or - in real time once a trade is opened. There are 2 versions; 1 for a 5 decimal Broker and 1 for a 4 digit Broker. You can try each and see what works for you and they can be moved around the chart with user inputs. I thought I had uploaded them before for all to use but I guess not......Sorry Guys/Gals.... Here they both are enjoy...... {file} {file} {file}
Thanx buddy!!!
  • #3,340
  • Aug 10, 2016 10:34pm Aug 10, 2016 10:34pm
Quoting dunlop432
{quote} Thanx buddy!!!
NP....
Keep It Simple
14 traders viewing now