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PVSRA Scalping with Cigarguy

  • #3,361
  • Aug 11, 2016 9:49am Aug 11, 2016 9:49am
Vapes text book entry with explanation on chart.....This is an example of the importance for all to contribute their trades, winners or losers, in keeping with our goal as maintaining our thread as a PVSRA Text Book for all to study and learn.........
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Snapshot2016-08-11_07-50-47_USDJPYi_b_M5.png Size: 58 KB
Click to Enlarge Name: usdjpyi-m5-11-08-16.png Size: 119 KB
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  • #3,362
  • Aug 11, 2016 9:55am Aug 11, 2016 9:55am
EU +5

Still learning, thanks for great thread!!
Attached Image (click to enlarge)
Click to Enlarge Name: Eu 11-8.png Size: 30 KB
  • #3,363
  • Aug 11, 2016 9:59am Aug 11, 2016 9:59am
Quoting josh11
EU +5 Still learning, thanks for great thread!! {image}

josh11,

Thanks for the kind words and welcome.....

It would be helpful if you would display your entire PVSRA chart including the Access Panel for all to see and learn from your trades.

Thanks and Regards,
Cigarguy
Keep It Simple
  • #3,364
  • Aug 11, 2016 10:01am Aug 11, 2016 10:01am
Quoting cigarguy
{quote} josh11, Thanks for the kind words and welcome..... It would be helpful if you would display your entire PVSRA chart including the Access Panel for all to see and learn from your trades. Thanks and Regards, Cigarguy
No problem mate
  • #3,365
  • Aug 11, 2016 10:01am Aug 11, 2016 10:01am
Quoting josh11
{quote} No problem mate
Keep It Simple
  • #3,366
  • Aug 11, 2016 10:12am Aug 11, 2016 10:12am
Current reading of my CSM which, of course changes rapidly and gives a nice heads up for pairs to stalk for PVSRA entries;

Note: Available for download at Post #219 or the above paper clip for those interested...
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_401 Aug. 11 08.18.jpg Size: 213 KB
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  • #3,367
  • Aug 11, 2016 10:14am Aug 11, 2016 10:14am
Please notice how the market comes back to the Daily Open price, in this case the NY Open. Just another little 'crumb' to keep in the quiver !
  • #3,368
  • Edited 10:33am Aug 11, 2016 10:17am | Edited 10:33am
Quoting wiseguytrade
Please notice how the market comes back to the Daily Open price, in this case the NY Open. Just another little 'crumb' to keep in the quiver !
wiseguytrade,

Yes exactly, and that is the reason I have a DO line on most charts observing PA will often return to the DO during that Session (not always of course) but worth watching. Good observation and thanks for the post bringing that to mind.....

In addition, it will often act as S & R as well and as wiseguytrade suggests; "Just another little 'crumb' to keep in the quiver ! "

As always, we will take whatever edge is provided.

Enjoy!
Attached File(s)
File Type: mq4 Daily open line.mq4   2 KB | 521 downloads
File Type: ex4 Daily open line.ex4   9 KB | 440 downloads
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  • #3,369
  • Edited 11:01am Aug 11, 2016 10:49am | Edited 11:01am
UJ M1 FIFO Scalp +11 (avg. +2.2 @ 5 lots) Just grabbed this quick long as a little late on the entry and closed fast as SM whipping and whacking PA and I'm OK with small pips banked many times a day with quick "Stings"...........
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-08-11_08-47-31_USDJPYi_a_M1.png Size: 69 KB
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  • #3,370
  • Aug 11, 2016 11:31am Aug 11, 2016 11:31am
Two trades USDJPY 1M

First trade +0.3PIPS
- Entered on a blue candlestick on high volume after a red candlestick
- PA was not going anywhere so I closed it

Second trade +5.1PIPS
- a green candlestick showed up. It was a small one, but after that a series of flat and small candlesticks came along, followed by the huge green candlestick on volume
- Dragon was going up, PA trading above 50EMA, Currency Strength showing weak JPY, strong USD, all other time frames were bullish
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m1-forex-capital-markets.png Size: 43 KB
  • #3,371
  • Aug 11, 2016 11:34am Aug 11, 2016 11:34am
UJ M1 FIFO +62 ( avg. +6.2 @ 10 lots) Explanation on chart and added to lots with bullish momentum as breaking 101.500 key level.......
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-08-11_09-36-57_USDJPYi_a_M1.png Size: 52 KB
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  • #3,372
  • Aug 11, 2016 11:40am Aug 11, 2016 11:40am
Quoting cigarguy
UJ M1 FIFO +62 ( avg. +6.2 @ 10 lots) Explanation on chart and added to lots with bullish momentum as breaking 101.500 key level....... {image}
Awesome, we targeted the same trade. Yes, I also entered when it broke 101.500.
  • #3,373
  • Aug 11, 2016 11:45am Aug 11, 2016 11:45am
Quoting robmagario
{quote} Awesome, we targeted the same trade. Yes, I also entered when it broke 101.500.
robmargaio,

Yes I saw you were stalking UJ M1 as I was waiting for the "Sting"..........
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  • #3,374
  • Aug 11, 2016 11:51am Aug 11, 2016 11:51am
Quoting cigarguy
{quote} Yes, and we must look to the past for CLUES.....All must decide what clues are provided here?.......We all forget at times to LOOK LEFT...... {image}
Looking back at this chart I posted earlier......The Smart Money was building longs for their UJ run above 101.500 key level as depicted on the M30.....MM's and Banks aka Smart Money, will offer clues as to their intended moves abound if one is trained, watching and listening quietly as stalking and ready to join their momentum and take advantage of their "Tells" as in poker..........
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Snapshot2016-08-11_07-01-08_USDJPYi_d_M30.png Size: 62 KB
Click to Enlarge Name: Snapshot2016-08-11_09-36-57_USDJPYi_a_M1.png Size: 52 KB
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  • #3,375
  • Aug 11, 2016 12:16pm Aug 11, 2016 12:16pm
UJ M1 FIFO Scalp +20 (avg. +3.9 @ 5 lots) Explanation on chart as SM can be so predictable at times.........
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-08-11_10-18-09_USDJPYi_a_M1.png Size: 56 KB
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  • #3,376
  • Aug 11, 2016 12:17pm Aug 11, 2016 12:17pm
EURUSD 1M +5.2PIPS

Reasons for going SHORT
- Dragon was moving down and I liked the inclination
- PA trading below 50EMA
- M5 and 15M time frames were also bearish
- After a green candlestick, PA tried to go up but failed to break Dragon and price started to go down again
- Entered after a big red candlestick on big volume, reached my target and exited

I was a bit scared of key level 1.11500 and I was ready to close it if it started to go against me, but everything went well.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m1-forex-capital-markets.png Size: 44 KB
  • #3,377
  • Aug 11, 2016 12:20pm Aug 11, 2016 12:20pm
Quoting robmagario
EURUSD 1M +5.2PIPS Reasons for going SHORT - Dragon was moving down and I liked the inclination - PA trading below 50EMA - M5 and 15M time frames were also bearish - After a green candlestick, PA tried to go up but failed to break Dragon and price started to go down again - Entered after a big red candlestick on big volume, reached my target and exited I was a bit scared of key level 1.11500 and I was ready to close it if it started to go against me, but everything went well. {image}
As usual........
Keep It Simple
  • #3,378
  • Edited 12:41pm Aug 11, 2016 12:26pm | Edited 12:41pm
UJ was good for +130 today as I missed some nice entries as here with thread business. Not to worry, many more great PVSRA entries shall be gleamed from stalking the Smart Money and riding their momentum to the bank........As we all KEEP IT SIMPLE and Stay GREEN.......

Good to see some of our long time PVSRA scalpers as well as those who recently came aboard and have gained an understanding of our PVSRA scalping system making nice pips.........

Note: Please excuse my occasional typing errors and edits as I am watching 4 monitors, multiple charts and conducting thread business at the same time. Multi-tasking becomes more difficult with too many birthdays......:nerd:
Keep It Simple
  • #3,379
  • Aug 11, 2016 12:52pm Aug 11, 2016 12:52pm
Quoting robmagario
EURUSD 1M +5.2PIPS Reasons for going SHORT - Dragon was moving down and I liked the inclination - PA trading below 50EMA - M5 and 15M time frames were also bearish - After a green candlestick, PA tried to go up but failed to break Dragon and price started to go down again - Entered after a big red candlestick on big volume, reached my target and exited I was a bit scared of key level 1.11500 and I was ready to close it if it started to go against me, but everything went well. {image}
Eu 5pip, bounce back to dragon
Attached Image (click to enlarge)
Click to Enlarge Name: Eu 11-8.png Size: 46 KB
  • #3,380
  • Aug 11, 2016 1:03pm Aug 11, 2016 1:03pm
Quoting josh11
{quote} Eu 5pip, bounce back to dragon {image}
josh11,

Thanks for showing your Access Panel and that was a nice trade after small retrace with notable bearish volume. I think I would have waited for the next candle for entry with a confirmed PVSRA entry but all went well for you.......

Offered only as my opinion;
Attached Image (click to enlarge)
Click to Enlarge Name: Eu 11-8.png Size: 61 KB
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