{quote} Nice trading mate
PVSRA Scalping with Cigarguy
- #3,502
- Aug 16, 2016 4:03am Aug 16, 2016 4:03am
- Joined May 2009 | Status: Consistency is Key!! | 1,297 Posts
- #3,503
- Aug 16, 2016 4:14am Aug 16, 2016 4:14am
- Joined May 2009 | Status: Consistency is Key!! | 1,297 Posts
- #3,504
- Aug 16, 2016 5:19am Aug 16, 2016 5:19am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Nice trades ALL..... You Guys have got these PVSRA entries nailed......
Keep It Simple
- #3,505
- Aug 16, 2016 5:40am Aug 16, 2016 5:40am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
I realize there are many seasoned and experienced traders here so I don't mean to post such as "Preaching to the Choir", but for the new traders these phases are very important to understand and recognize. Here is a actual chart of mine that I posted a couple of pages back and the Market Phases chart.
You may want to look these over and tighten up your charts and learn to recognize what phase your currency is currently in as these occur with every currency and can be recognized on every time frame.
Notice how close my actual real time chart is compared to the Market Phases diagram.........You may want to even print this Market Phases chart to keep to refer to until you can recognize in real time........
Enjoy, Stay GREEN and Keep It Simple...
Cigarguy
You may want to look these over and tighten up your charts and learn to recognize what phase your currency is currently in as these occur with every currency and can be recognized on every time frame.
Notice how close my actual real time chart is compared to the Market Phases diagram.........You may want to even print this Market Phases chart to keep to refer to until you can recognize in real time........
Enjoy, Stay GREEN and Keep It Simple...
Cigarguy
Keep It Simple
- #3,506
- Aug 16, 2016 5:58am Aug 16, 2016 5:58am
- Joined May 2009 | Status: Consistency is Key!! | 1,297 Posts
I realize there are many seasoned and experienced traders here so I don't mean to post such as "Preaching to the Choir", but for the new traders these phases are very important to understand and recognize. Here is a actual chart of mine that I posted a couple of pages back and the Market Phases chart. You may want to look these over and tighten up your charts and learn to recognize what phase your currency is currently in as these occur with every currency and can be recognized on every time frame. Notice how close my actual real time chart is compared...
{quote} May I ask the reason you exited? Is it because of the inverted dark gray hammer? I didn't take this trade, but I think I would have stayed because after you entered, all the candlesticks that followed were dark gray, meaning they were all bearish and the direction was going into your direction.
now for the next step... - #3,508
- Aug 16, 2016 6:40am Aug 16, 2016 6:40am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
THIS POST IS JUST FOR FUN;
This week end I was sitting by the lake smoking a nice cigar and did a little reminiscing in regards to how far are technology has come providing us with this type of communication via the web here at FF through our threads and our trading technology with lightening speeds.
My thoughts went back to my first days of trading stocks and other instruments some +30 years ago prior to FX opening to us retail traders and the technology available then. I think I dropped stocks and started trading Forex around 2005 or so when it was first offered as a retail instrument to the public to trade.
Then compared to now offers another amazing technology story with our blazing speeds with just the click of the mouse....
My first computer was a Apple 2C with a 10" monitor, internet and cell phones were not invented yet, my data feed was with a subscription to eSignal for very very slow charts via a dial up modem and had to do my chart analysis and research via another subscription to Standard and Poors for huge books to study. for hours........
I had to wear a head set and when I saw a stock on my 10" monitor that I wanted to buy or sell I had to call my Broker via land line and place the order and that was a very slow process as well. Scalping as we know it today was non-existent.....
I can only imagine what the future holds in store for traders around the world as the internet and other technologies bring us ever closer together ....
Today as a scalper, with a click of the mouse the order will go from anywhere in the world and appear on our charting platforms in milliseconds....
Anyway, just a little walk down memory lane that I wanted to share with some young traders that are lucky to have entered our Forex Profession at a time with so much great technology is available......
Regards and Stay GREEN My Friends,
Cigarguy
This week end I was sitting by the lake smoking a nice cigar and did a little reminiscing in regards to how far are technology has come providing us with this type of communication via the web here at FF through our threads and our trading technology with lightening speeds.
My thoughts went back to my first days of trading stocks and other instruments some +30 years ago prior to FX opening to us retail traders and the technology available then. I think I dropped stocks and started trading Forex around 2005 or so when it was first offered as a retail instrument to the public to trade.
Then compared to now offers another amazing technology story with our blazing speeds with just the click of the mouse....
My first computer was a Apple 2C with a 10" monitor, internet and cell phones were not invented yet, my data feed was with a subscription to eSignal for very very slow charts via a dial up modem and had to do my chart analysis and research via another subscription to Standard and Poors for huge books to study. for hours........
I had to wear a head set and when I saw a stock on my 10" monitor that I wanted to buy or sell I had to call my Broker via land line and place the order and that was a very slow process as well. Scalping as we know it today was non-existent.....
I can only imagine what the future holds in store for traders around the world as the internet and other technologies bring us ever closer together ....
Today as a scalper, with a click of the mouse the order will go from anywhere in the world and appear on our charting platforms in milliseconds....
Anyway, just a little walk down memory lane that I wanted to share with some young traders that are lucky to have entered our Forex Profession at a time with so much great technology is available......
Regards and Stay GREEN My Friends,
Cigarguy
Keep It Simple
- #3,509
- Edited 6:58am Aug 16, 2016 6:44am | Edited 6:58am
- | Joined Oct 2015 | Status: Possessed | 263 Posts
{quote} lKeithStone, Interesting....1st FX 89 tick chart I've seen and appears as really going back to the basics of PA trading. Appreciate your post and looking forward to more as well as your analysis relative to your comfort zone trading a pretty bare tick chart progresses. I have been watching a range bar chart along with my PVSRA chart and at this early stage still feel like I am missing some of the action seen with a timed candle. I can see that IMO either ticks or range charts will require a learning curve, at least for me, to achieve a level...
{quote} lKeithStone, As an additional comment to your above post; As I watch some tick and range bar charts, although with limited time testing, I feel at this point that I am not provided with enough information to allow for a confident PVSRA entry as provided by our current charts. I have been down this road before, as somewhat of a recovering indicator junkie..., I will roam away from what is working extremely well playing with other ideas only to return to what has and is serving me and others well. I think I need therapy to acquire some...
I know exactly what you mean cigarguy! Always trying to improve something that doesn't need improved. Focus on one thing and master it... lots of traders seem to do the opposite.
Not to worry though. I always have my trusty 1 min chart up next to my tick chart. This is just a testing phase for me to see if Tick charts give me that extra confirmation/confidence to enter a trade. Would you like me to only post 1 min charts?
- #3,510
- Aug 16, 2016 6:44am Aug 16, 2016 6:44am
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
{quote} I definitely should have stayed. I was looking for good follow through after the momentum candle and price stalled for a bit which scared me out. Another reason is I'm still getting over this confidence issue. I'm slowly making progress... I'm at least taking trades
- #3,511
- Edited 7:09am Aug 16, 2016 6:47am | Edited 7:09am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} It is definitely going back to basics. I'm enjoying using tick charts. There is a smoothness to them that's hard to explain unless you are watching the candles form. {quote} Hi my name is lKeithStone and I'm an indicator junkie...
lKeithStone,
I think most in here will stand and admit to our withdrawal as well......I know I will for sure as I am now in remission.......If I find a indicator that appears interesting, my trigger finger will begin to shake before uploading so I joined INDICATOR ANONYMOUS... ........
Just having some fun as a stress reliever with our scalping family....
On a serious side, I like your posting your tick chart along side of the M1 to give us all an idea of how they play together, if it's not too much trouble to post both for awhile.....
Keep It Simple
{quote} lKeithStone, I think most in here will stand and admit to our withdrawal as well......I know I will for sure as I am now in remission.......If I find a indicator that appears interesting, my trigger finger will begin to shake before uploading so I joined INDICATOR ANONYMOUS... ........
- #3,514
- Aug 16, 2016 7:16am Aug 16, 2016 7:16am
- Joined May 2009 | Status: Consistency is Key!! | 1,297 Posts
- #3,515
- Aug 16, 2016 7:26am Aug 16, 2016 7:26am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EU +5 pips, Rejection from RDH and half lvl, price made a HL and broke the dragon with bull volume bar , then another through 200ma. {image}
Keep It Simple
- #3,516
- Aug 16, 2016 7:46am Aug 16, 2016 7:46am
- Joined May 2009 | Status: Consistency is Key!! | 1,297 Posts
{quote} Nice...
- #3,517
- Aug 16, 2016 7:48am Aug 16, 2016 7:48am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Rob, check your PM's please.....Thanks..
Keep It Simple
- #3,518
- Aug 16, 2016 7:54am Aug 16, 2016 7:54am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M1 FIFO CT scalp +30 (avg. +6 @ 5 lots) I know not PVSRA text book but I must grab with the MM's offer and charts show.....
Keep It Simple
- #3,519
- Aug 16, 2016 7:58am Aug 16, 2016 7:58am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Thanks mate, read the thread now and wow what a great wealth of knowledge it has...
Many look but few see........Your study is apparent in your trades....
Keep It Simple
- #3,520
- Aug 16, 2016 8:13am Aug 16, 2016 8:13am
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
