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PVSRA Scalping with Cigarguy

  • #3,381
  • Aug 11, 2016 1:19pm Aug 11, 2016 1:19pm
Well that's it for me today as going to he lake and hope all do well and Stay GREEN......
Keep It Simple
  • #3,382
  • Aug 11, 2016 1:32pm Aug 11, 2016 1:32pm
Quoting cigarguy
{quote} 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; {image}
Thank you very much for your time to show me how to improve and take safer trades, I really appreciate it mate, currently read through your thread and learning lots, so thanks you again for all the time and effort helping us all
  • #3,383
  • Aug 11, 2016 2:53pm Aug 11, 2016 2:53pm
EU + 8 pips, after the bearish move, we had two green volume bars about 5m apart but at same price, I believed MM were buying here so bought, once we made a HL and above the dragon added a position. I tp after green bar break last HH.
Attached Image (click to enlarge)
Click to Enlarge Name: Eu 11-8.png Size: 57 KB
  • #3,384
  • Aug 11, 2016 3:34pm Aug 11, 2016 3:34pm
Quoting cigarguy
Well that's it for me today as going to he lake and hope all do well and Stay GREEN......
Hello Cigarguy, very interesting your system, you have a manual explaining how to operate it? Could you tell me what are where the red arrow is pointing? Excuse my writing, I'm from Brazil and I have much experience in English, I'm using Google.
I hope it does not bother you that my request.
Hugs.
Attached Image (click to enlarge)
Click to Enlarge Name: CigarguyChart.png Size: 160 KB
  • #3,385
  • Aug 11, 2016 6:03pm Aug 11, 2016 6:03pm
Quoting josh11
EU + 8 pips, after the bearish move, we had two green volume bars about 5m apart but at same price, I believed MM were buying here so bought, once we made a HL and above the dragon added a position. I tp after green bar break last HH. {image}
I think you were correct with your analysis as you probably checked a higher t/f as well for confirmation?

Quote
Thank you very much for your time to show me how to improve and take safer trades, I really appreciate it mate, currently read through your thread and learning lots, so thanks you again for all the time and effort helping us all

Glad to help....
Keep It Simple
  • #3,386
  • Aug 11, 2016 6:11pm Aug 11, 2016 6:11pm
Quoting cms_silva
{quote} Hello Cigarguy, very interesting your system, you have a manual explaining how to operate it? Could you tell me what are where the red arrow is pointing? Excuse my writing, I'm from Brazil and I have much experience in English, I'm using Google. I hope it does not bother you that my request. Hugs. {image}
cms_silva,

Welcome.....I am sure we will have no problem with your English all here are always willing to help....

Quote
Hello Cigarguy, very interesting your system, you have a manual explaining how to operate it?

You must start with Post #1 and read the PDF to begin with. There is a learning curve and study required on your part as a new PVSRA trader/scalper. There are no short cuts to becoming successful at any profession. This thread encompasses many charts and much discussion as a PVSRA Training Manuel so you have everything provided here....

FYI, your chart has many more indicators then is needed to trade our PVSRA system. It of course up to you to use what you want, but in this case "Less Is More" to trade Price, Volume, Support & Resistance.

Regards,
Cigarguy
Keep It Simple
  • #3,387
  • Aug 11, 2016 6:28pm Aug 11, 2016 6:28pm
PVSRA Scalpers,

I see most here are trading USD/JPY as am I. Each trader is of course free to trade whatever currency pair they want not just what I happen to trade.

I personally, chose to primarily focus on UJ and EU for no other reason then I have watched their PA for such a long time I feel comfortable in somewhat knowing their rhythm. I have found most often that UJ tends to respect our S & R key levels offering up some nice PVSRA entries.

This is only my opinion and each must find what works for them....

Regards,
Cigarguy
Keep It Simple
  • #3,388
  • Aug 11, 2016 7:38pm Aug 11, 2016 7:38pm
UJ M15 +33 (avg. +6.6 @ 5 lots) Explanation on chart had a small DD but stayed in trade due to USD strength vs JPY from CSM heads up and notable bearish volume with good momentum.......
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-08-11_17-39-00_USDJPYi_c_M15.png Size: 56 KB
Keep It Simple
  • #3,389
  • Aug 11, 2016 8:38pm Aug 11, 2016 8:38pm
Quoting josh11
{quote} Eu 5pip, bounce back to dragon {image}
Awesome! Same trade and you entered a little bit earlier than me and closed before the key level 1.1150, which is way safer! Well done!
  • #3,390
  • Edited 9:11pm Aug 11, 2016 8:56pm | Edited 9:11pm
Quoting cigarguy
{quote} 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; {image}
Cigarguy, yes, that is what I did. I waited until the red candlestick to get a confirmation.
But this trade was a bit tricky. Since I opened my position in that red candlestick, I then had to face the key level of 1.1150 and expect that PA would go break it and go below that level. So, a bit risky. Since Josh entered earlier he got his target before me, so he didn't have to face that risk. As you wrote "A bit safer as key support level near".
  • #3,391
  • Aug 11, 2016 9:18pm Aug 11, 2016 9:18pm
Quoting cigarguy
UJ M15 +33 (avg. +6.6 @ 5 lots) Explanation on chart had a small DD but stayed in trade due to USD strength vs JPY from CSM heads up and notable bearish volume with good momentum....... {image}
Very nice one after it broke 102.00 key level resistance with high volume!
  • #3,392
  • Aug 11, 2016 9:28pm Aug 11, 2016 9:28pm
USDJPY M1 +5.3PIPS

Reasons for going LONG
- Dragon had just started to move up but I looked at other time frames and in other time frames Dragon had been moving up for a while, so I liked that fact
- Currency Strength showing weak JPY and strong USD
- PA trading above 50EMA
- 5M and 15M time frames were also bullish
- A candlestick tried to break Dragon downwards, but failed, and the color of it turned green, so I entered right after that

It started to go against me, but never broke Dragon so I stayed in the trade, hit my target and exited.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m1-forex-capital-markets.png Size: 49 KB
  • #3,393
  • Aug 12, 2016 4:12am Aug 12, 2016 4:12am
EU 2.6 pips, Saw a trend change and waited for a pullback, then it broke the dragon and pullback with a green bull bar, I was hunting a short once the next candle came the bears came back and we got a nice volume bar down I enter and TP at mid lvl.
Attached Image (click to enlarge)
Click to Enlarge Name: jj.png Size: 55 KB
  • #3,394
  • Aug 12, 2016 5:30am Aug 12, 2016 5:30am
Quoting robmagario
USDJPY M1 +5.3PIPS Reasons for going LONG - Dragon had just started to move up but I looked at other time frames and in other time frames Dragon had been moving up for a while, so I liked that fact - Currency Strength showing weak JPY and strong USD - PA trading above 50EMA - 5M and 15M time frames were also bullish - A candlestick tried to break Dragon downwards, but failed, and the color of it turned green, so I entered right after that It started to go against me, but never broke Dragon so I stayed in the trade, hit my target and exited. {image}...
Keep It Simple
  • #3,395
  • Aug 12, 2016 5:33am Aug 12, 2016 5:33am
Quoting josh11
EU 2.6 pips, Saw a trend change and waited for a pullback, then it broke the dragon and pullback with a green bull bar, I was hunting a short once the next candle came the bears came back and we got a nice volume bar down I enter and TP at mid lvl. {image}
josh11,

OK, now that's a nice chart, clean and easy for all to see. Nice trade and explanation...
Keep It Simple
  • #3,396
  • Aug 12, 2016 6:15am Aug 12, 2016 6:15am
Here is the PDF that explains the coding and usage of each of our PVSRA indicators in detail for your week end reading pleasure....

This is offered courtesy of the initial founder and coder of our PVSRA system, indicators and templates, TAH.

Enjoy!
Attached File(s)
File Type: pdf PVSRA Indicators March 1%2C 2016.pdf   125 KB | 739 downloads
Keep It Simple
  • #3,397
  • Aug 12, 2016 6:51am Aug 12, 2016 6:51am
UJ M1 FIFI scalp +12 (avg. +2.4 @ 5 lots) Explanation on chart as just a quick scalp prior to NY open.....

Note; As I have mentioned prior, remember to LOOK LEFT on your charts prior to entry for clues. It is very easy to get caught up in the moment of entering a trade with tunnel vision and not looking at the broader picture just an FYI.......We all tend to do just that as I am guilty as charged......
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-08-12_04-53-44_USDJPYi_a_M1.png Size: 55 KB
Keep It Simple
  • #3,398
  • Aug 12, 2016 7:18am Aug 12, 2016 7:18am
UJ M1 FIFO +27 (avg. +2.7 @ 10 lots) Explanation on chart and added 5 lots on further USD weakness confirmation...
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-08-12_05-21-06_USDJPYi_a_M1.png Size: 53 KB
Keep It Simple
  • #3,399
  • Aug 12, 2016 7:36am Aug 12, 2016 7:36am
Eu +5 pips, Broke 15m Resistant and has big volume bar on 1m and 15m.

Bit risky with news but worked out.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: jj2.png Size: 44 KB
Click to Enlarge Name: jj.png Size: 28 KB
  • #3,400
  • Aug 12, 2016 7:46am Aug 12, 2016 7:46am
Quoting josh11
Eu +5 pips, Broke 15m Resistant and has big volume bar on 1m and 15m. Bit risky with news but worked out. {image} {image}
josh11,

OK, you caught that news trade.... I use to catch some of that momentum as well but got stung on a couple and now just waiting on the side lines for all to calm down.....
Keep It Simple
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