{quote} 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.....
PVSRA Scalping with Cigarguy
- #3,341
- Aug 10, 2016 10:51pm Aug 10, 2016 10:51pm
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
- #3,342
- Aug 10, 2016 10:57pm Aug 10, 2016 10:57pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M15 +24 (avg. +4.8 @ 5 lots) Explanation on chart........Stalked on M1 and M15 as USD strength vs JPY probably left a lot on the table with next resistance at 101.500 key level, but I'm not greedy many more too come........
Keep It Simple
- #3,343
- Aug 10, 2016 11:10pm Aug 10, 2016 11:10pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Yes, I do appreciate when members can bring new ways of seeing PVSRA to the table. I am looking forward to seeing new trades like this.
I've been doing this for a few years and learn something new every day from oldies and newbies......All can bring something new to the table as we keep an open mind....The only thing that I know for sure, is that I know nothing for sure........
Keep It Simple
- #3,344
- Aug 10, 2016 11:29pm Aug 10, 2016 11:29pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Keep It Simple
- #3,345
- Aug 11, 2016 5:15am Aug 11, 2016 5:15am
- Joined Nov 2013 | Status: Trader | 1,094 Posts
There are differences brokers and volume looks:
- #3,346
- Aug 11, 2016 7:21am Aug 11, 2016 7:21am
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
- #3,347
- Aug 11, 2016 7:53am Aug 11, 2016 7:53am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
There are differences brokers and volume looks: {image}
Excerpts Taken From Traderathome The Golden Posts Collection
Is There a Correlation Between Broker Tick Volume and Future Price Movement?
Anyone who has done a proper job of their homework here, knows the two premises of PVSRA: that MMs like to short above key levels, go long below key levels, and that we cannot know how the MMs will move price next.
The purpose of PVA in PVSRA is to help identify institutional activity and to be able to discern if it is above or below key levels overall. By institutional activity it is meant as MMs price manipulation to fill the orders of SM (Smart Money). By SM it is meant those institutional investors that the MMs covet due to their large orders and hence the large commissions the MMs make.
The best we can do is to do a competent PVSRA and get a feel as to if the MMs are doing more long accumulation at various levels than they are doing short accumulations at various levels. By successfully doing this, when a "setup" comes around we will know if PVSRA favors it or not. We will know if to take the setup and trade it, or not. And if we trade a disfavored setup, we will know to be extra cautious.
There is a correlation between broker tick volume and future price direction. But this correlation is not straight forward nor immediate. PVSRA is an art form. It takes time to develop skill with PVSRA. We shall be like children learning to do jigsaw puzzles,....slow on even the most simple at first, fast on the most complex eventually, IF WE STAY WITH IT! We learn how the market REALLY works, we develop our skill at PVSRA....all bolstering us in our battle against the Robber Bank MMs, so that we take more money from them than they do from us.
tah
This PDF is located at Post #1 and has been available for download and study since the inception of this thread, but I will re-post it here for convenient access and study as the above are only a couple of excerpts......All traders new to PVSRA Scalping/Trading should read and understand the information provided in this PDF and gleam the golden nuggets provided within.....
Regards,
Cigarguy
Keep It Simple
- #3,349
- Aug 11, 2016 8:44am Aug 11, 2016 8:44am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
In reference to the above post #3347;
For any traders interested in learning our PVSRA trading/scalping system, one must remember we are not offering entry and exit signals via squiggly line crosses, arrows or any signals as a Black Box system. Our system is much more difficult as a learned art form to learn, study and understand how the Forex Market works and to gleam any insight as to the Smart Money's intentions. Once these intentions are understood, the traders opportunity for a profitable trade are greatly enhanced as they are now trading with the SM's momentum.
There is study required by each trader and all is provided here at Post #1, FREE OF CHARGE for any and all interested and willing to dedicate themselves to our system. Those looking for a Black Box system providing Entry and Exit signals with no trader intervention or thought but to only pull the trigger, sadly to say, are at the wrong thread.
Hopefully all understand the importance of investing your time to learn a viable trading system (ours or another) before investing your hard earned money....
Regards,
Cigarguy
For any traders interested in learning our PVSRA trading/scalping system, one must remember we are not offering entry and exit signals via squiggly line crosses, arrows or any signals as a Black Box system. Our system is much more difficult as a learned art form to learn, study and understand how the Forex Market works and to gleam any insight as to the Smart Money's intentions. Once these intentions are understood, the traders opportunity for a profitable trade are greatly enhanced as they are now trading with the SM's momentum.
There is study required by each trader and all is provided here at Post #1, FREE OF CHARGE for any and all interested and willing to dedicate themselves to our system. Those looking for a Black Box system providing Entry and Exit signals with no trader intervention or thought but to only pull the trigger, sadly to say, are at the wrong thread.
Hopefully all understand the importance of investing your time to learn a viable trading system (ours or another) before investing your hard earned money....
Regards,
Cigarguy
Keep It Simple
- #3,350
- Aug 11, 2016 8:57am Aug 11, 2016 8:57am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
GM to all, Now is an excellent time to be very aware of the positioning of the 50 ma, especially on the 5 min. tf. When its going due E-W, be ware. It doesn't mean you can't or won't be able to make some money, but watch for follow through or lack thereof. Its a little tougher to make strong pipage during these times. Caveat Emptor !! May you all have green pips !! WGT
Keep It Simple
- #3,351
- Aug 11, 2016 9:06am Aug 11, 2016 9:06am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Keep It Simple
- #3,353
- Aug 11, 2016 9:18am Aug 11, 2016 9:18am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M5 + 5pips. Explaination on chart. {image}
Welcome back as you have been missed. Nice trade and explanation...
Keep It Simple
- #3,355
- Aug 11, 2016 9:25am Aug 11, 2016 9:25am
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
- #3,357
- Aug 11, 2016 9:27am Aug 11, 2016 9:27am
{quote} Not the kind of trade that I would do, but it was a good trade on spotting those double shoulders. Well done!
{quote} 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.....
{quote} Yes, I do appreciate when members can bring new ways of seeing PVSRA to the table. I am looking forward to seeing new trades like this.
{quote} robmagario, I've been doing this for a few years and learn something new every day from oldies and newbies......All can bring something new to the table as we keep an open mind....The only thing that I know for sure, is that I know nothing for sure........
I mostly trade during the asian session as i rarely have the time to trade during NY or LO even tho i wish because of the volatility during those times. That's why when i first started trading i traded the higher TF because the low volatility made it hard to scalp with such little movement.
As you probably know during the asian session price is often stuck in a range and this is something i realized a long time ago and i learned to trade that session eventually after much screen time and experience. BUT since i started studying PVSRA i realized that the upper channel and/or the lower channel of the asian session is often a PVSRA key level (
:nerd:blush: or that the whole channel is moving around a key level, which was the case in that trade. Let's just say that since then, i see the market a lot more clearly and my entries are a lot safer than they used to be.That trade was a typical sell at the top of the channel. When i used to do these trades i would usually put my stop above the channel and go for a 1:1 or try to get the most out of it and exit randomly when i thought it would reverse. The big difference here is that since the price was moving around that quarter-level since the NY session i decided to put my target there as i expected the MM's might have some more business to do there. And if you go back at the charts you will see that the price did indeed make a complete 360 at that level
With my old way of trading the asian session my take profit would have been 4 pips since my stop was 4 pips so a 1:1 Risk to Reward ratio or i would have blindly let the price do it's thing and probably exit after price started rallying back once it hit the 1.11750 level but i wouldn't have known why. Now with my target at the quarter level i had a +10 pips profit so a 1:2.5 Risk to Reward ratio.
A bit off topic but i hope that made sense
Cheers!
- #3,358
- Aug 11, 2016 9:28am Aug 11, 2016 9:28am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M1 +13 Just caught a little as I was posting...
..Other possible entries on chart all with notable bearish volume....
..Other possible entries on chart all with notable bearish volume.... 
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- #3,359
- Aug 11, 2016 9:31am Aug 11, 2016 9:31am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} {quote} {quote} {quote} Yeah, as i said the entry wasn't PVSRA based. I mostly trade during the asian session as i rarely have the time to trade during NY or LO even tho i wish because of the volatility during those times. That's why when i first started trading i traded the higher TF because the low volatility made it hard to scalp with such little movement. As you probably know during the asian session price is often stuck in a range and this is something i realized a long time ago and i learned to trade that session eventually after much...
Stellan,
Yes nice post as it not only makes sense but offers some great insights as well......Thanks for your contribution as we are all hear to learn from one another.....
Quoting cigarguy
{quote} robmagario, I've been doing this for a few years and learn something new every day from oldies and newbies......All can bring something new to the table as we keep an open mind....The only thing that I know for sure, is that I know nothing for sure........
Keep It Simple
- #3,360
- Aug 11, 2016 9:37am Aug 11, 2016 9:37am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
really i nteresint therad.
Welcome and looking forward to your contributions....We are all here to make some pips and have some fun as well.....
Keep It Simple