PVSRA Scalping with Cigarguy
EU +2.9 pips, bull volume bar through resistant, fast tp before whole number 1.1200. {image}
{quote} lKeithStone, Good post as I advocate and appreciate informative discussions from which we all can learn. You make some good points of which the answers are kept as a secret by the institutional traders from us lowly retail traders. I hope this type of constructional dialogue will continue for all to gain insight into this hushed darkinstitutional trading world....
To further add, I have been told by former institutional traders...
{quote} Nice post mate
{quote} josh11, Nice catch and excellent entry.......Who needs TL's, channels, wedges and all the rest to make pips?.....Not josh11, just a clean PVSRA chart.......
{quote} Its actually feels really good when we learn to understand the market as you teach.... thank you again
{quote} Your intention is good but I think it might not be a good/satisfying thing if a few pips of extra money has given some people a better life in 3rd World Countries. To me they shouldn't be trading at all. Speculators/Traders have their roles in the economy but still most people should not or cannot be speculators/traders. And in 3rd World Countries their priority shouldn't be in trading, especially when you mentioned that a few pips of money has given them a better life, as this means the other way around a few pips of loss[/highlight]...
Your intention is good but I think it might not be a good/satisfying thing if a few pips of extra money has given some people a better life in 3rd World Countries. To me they shouldn't be trading at all. Speculators/Traders have their roles in the economy but still most people should not or cannot be speculators/traders. And in 3rd World Countries their priority shouldn't be in trading, especially when you mentioned that a few pips of money has given them a better life, as this means the other way around a few pips of loss can cause them some big troubles,
{quote} josh11, Nice catch and excellent entry.......Who needs TL's, channels, wedges and all the rest to make pips?.....Not josh11, just a clean PVSRA chart.......
{quote} I agree with you 100% cigarguy! Drawing all these extra TL's/Channels/Wedges on your chart can cause confusion/biases and will clutter up your chart. None of that is needed with PVSRA Scalping! That's what I love about it! No bias, just show me the momentum and i'll tag along for the ride. Keep it simple!
USDJPY M1 +5.1 PIPS Reasons for entering LONG - I have been watching this pair for a few hours, and waited to see if the support of key level 101 will last or not - So I saw that PA tried to get close to that key level but failed and started to go up again - Dragon was moving up, PA trading above 50EMA, Currency Strength showing a slightly stronger USD - Entered on a green candlestick with high volume, hit my target and exited {image}
{quote} robmagario, Nice as you caught that run earlier then me as I was busy elsewhere........Good Job.....
{quote} Cigarguy, thanks a lot! I learned it from you!
This one got me with a fast retrace and I forgot to reduce my lot size due to time of say with little momentum. I could have stayed in but little momentum and would rather move on as my stop was a little tight. I've had a nice run lately I was due as got a bit complacent after the above easy one......The sneaky MM's will take advantage of these slow periods to run PA all over hence many retraces as in the Asian Session.......
Many, Many more to come. Sometimes we eat the bull and sometimes the bull eats us....
What Is Scalping?
So what is scalping, in case of forex, forex scalping? Scalping is a method of trading where a trader skims small profits continuously. It is the act of entering and exiting positions several times in one day while trying to make profits during high velocity moves, a scalper will act quickly on releases of economic data and other significant news events that influence trading activity.
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