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PVSRA Scalping with Cigarguy

  • #3,601
  • Aug 17, 2016 11:18am Aug 17, 2016 11:18am
PVSRA Scalpers,

I would like to reinforce how important it is for traders, especially those that are new and beginning, to chose only 1 or 2 pairs of currencies of their choice and watch them closely. IMO, by focusing on just a couple, the trader will soon see and recognize somewhat of a pattern and rhythm to their movements.

Most new traders are afraid they will miss out on a trade and attempt to watch many and never get a good feel for a couple that may provide good PVRSA opportunities ........I can speak to this because I did exactly this in the beginning watching 10 + pairs and never zoning in on a couple......
Keep It Simple
  • #3,602
  • Aug 17, 2016 11:21am Aug 17, 2016 11:21am
Quoting cigarguy
PVSRA Scalpers, I would like to reinforce how important it is for traders, especially those that are new and beginning, to chose only 1 or 2 pairs of currencies of their choice and watch them closely. IMO, by focusing on just a couple, the trader will soon see and recognize somewhat of a pattern and rhythm to their movements. Most new traders are afraid they will miss out on a trade and attempt to watch many and never get a good feel for a couple that may provide good PVRSA opportunities ........I can speak to this because I did exactly this in...
Hi Cigarguy, please check your inbox. Thanks!
  • #3,603
  • Aug 17, 2016 11:24am Aug 17, 2016 11:24am
Quoting robmagario
{quote} Hi Cigarguy, please check your inbox. Thanks!
Keep It Simple
  • #3,604
  • Aug 17, 2016 11:27am Aug 17, 2016 11:27am
Quoting cigarguy
PVSRA Scalpers, I would like to reinforce how important it is for traders, especially those that are new and beginning, to chose only 1 or 2 pairs of currencies of their choice and watch them closely. IMO, by focusing on just a couple, the trader will soon see and recognize somewhat of a pattern and rhythm to their movements. Most new traders are afraid they will miss out on a trade and attempt to watch many and never get a good feel for a couple that may provide good PVRSA opportunities ........I can speak to this because I did exactly this in...
Great words of wisdom cigarguy!

  • #3,605
  • Aug 17, 2016 11:40am Aug 17, 2016 11:40am
Hopefully this is okay cigarguy... I would like to share a fantastic webinar I recently watched with Anthony Drager (Anthony is a 16-year market veteran, and worked for a Chicago Prop Firm - International Trading Group (ITG) after beginning his career on the floors of the CME and CBOT.)

Gave me a different perspective on S/R and Orderflow. Something to kill time while waiting for trades.

Inserted Video
  • #3,606
  • Aug 17, 2016 11:43am Aug 17, 2016 11:43am
Quoting lKeithStone
Hopefully this is okay cigarguy... I would like to share a fantastic webinar I recently watched with Anthony Drager (Anthony is a 16-year market veteran, and worked for a Chicago Prop Firm - International Trading Group (ITG) after beginning his career on the floors of the CME and CBOT.) Gave me a different perspective on S/R and Orderflow. Something to kill time while waiting for trades. https://www.youtube.com/watch?v=tkoVfONOpRY
lKeithStone,

NP....Good idea as we can always learn....
Keep It Simple
  • #3,607
  • Aug 17, 2016 12:21pm Aug 17, 2016 12:21pm
Quoting lKeithStone
{quote} Great words of wisdom cigarguy!
lKeithStone,

I have found through the years there are basically 3 reasons people do things;

Due to -----Inspiration, Desperation or Perspiration........
Keep It Simple
  • #3,608
  • Aug 17, 2016 12:29pm Aug 17, 2016 12:29pm
UJ M1 very FIFO scalp +37 (avg. +3.7 @ 10 lots) Quick scalp to 100.250 key level area as t/p.....


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Keep It Simple
  • #3,609
  • Aug 17, 2016 1:08pm Aug 17, 2016 1:08pm
UJ M1 Very FIFO scalp +100 (avg. +10 @ 10 lots) Usually don't trade news a little out of comfort zone but appeared would be good for a very very fast scalp...Primarily due to MM's often running PA very quickly the opposite to their pre-planed intentions using news as a catalyst to make their move. I like to watch the new hours candle as well which helps...... ..
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Keep It Simple
  • #3,610
  • Aug 17, 2016 1:22pm Aug 17, 2016 1:22pm
UJ M1 +30 (avg. +3 @ 10 lots) See chart for explanation.

Skimmed some cream from UJ today +333, now time to take a break.....

Stay GREEN My Friends and Keep It Simple.

Cigarguy
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Keep It Simple
  • #3,611
  • Edited 1:56pm Aug 17, 2016 1:33pm | Edited 1:56pm
Always Keeping This In Mind - - - As Scalpers this is what we do;

Quote
What Is Scalping as per definition;

"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."

Absent Momentum and Volatility Price would not move up or down, hence no trading opportunities...........
Keep It Simple
  • #3,612
  • Aug 17, 2016 7:33pm Aug 17, 2016 7:33pm
Quoting cigarguy
{quote} Ockham of course brings to mind: Occam's Razor by Willam of Ockham --- The philosophy principle "If there exist two explanations for an occurrence, the simpler one is usually the correct one". I think that theory should be applied to FX trading as well as saying "Keep It Simple". :nerd: Stay GREEN My Friend Cigarguy
Well seen buddy as i'm also sailor i always loved this principle "keep it simple stupid" !
There is no way to happiness , happiness is the way.
  • #3,613
  • Aug 17, 2016 7:50pm Aug 17, 2016 7:50pm
Quoting Ockham
{quote} Well seen buddy as i'm also sailor i always loved this principle "keep it simple stupid" !
Yes the old KISS method........
Keep It Simple
  • #3,614
  • Edited 10:12pm Aug 17, 2016 9:41pm | Edited 10:12pm
UJ M1 FIFO Scalp +25 (avg. +4.9 @ 5 lots) See chart t/p 100.000 key level area as near resistance. M1 PVSRA buy entry as M15 indicated as a retrace to 50 ema area...left lots on the table but that's OK didn't want to get caught in a fast retrace near 100.000 key level as possible resistance....Asian Session can be unforgiving with their many fast retraces.......
Attached Image (click to enlarge)
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Keep It Simple
  • #3,615
  • Aug 17, 2016 10:20pm Aug 17, 2016 10:20pm
Rob,

Check PM's
Keep It Simple
  • #3,616
  • Edited 11:05pm Aug 17, 2016 10:52pm | Edited 11:05pm
UJ M1 FIFO Scalp +31 (avg. +6.2) See chart for explanation.......We don't trade what we think but what we see keeping it simple......
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Keep It Simple
  • #3,617
  • Aug 18, 2016 1:14am Aug 18, 2016 1:14am
Guys loving this trade ! thanks one more time everyone for sharing this
I m not sure it is allowed here but i had on my charts the tdi indicator for some confirmation so if it is a problem just tell me and i will masked this in futur post.

UJ M5 decided to entry on the break out of the TL + tdi crossed and no volume, SL placed above one vwarp line indicator given by lkeithstone on this thread, and to tp just before the DOL at 5pips seems to be executed at 5.2 with the slippage ^^
Attached Image (click to enlarge)
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There is no way to happiness , happiness is the way.
  • #3,618
  • Edited 3:11am Aug 18, 2016 3:00am | Edited 3:11am
EU +4 pips, uptrend on 1m and 5m, saw a volume with no momentum which end with a pullback, once high of this candle was taken out, went long.
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  • #3,619
  • Aug 18, 2016 6:07am Aug 18, 2016 6:07am
USDJPY 1M 2 trades, total +0.2PIPS

1st trade 1M -4.9PIPS
- I was targeting the rebounce from key level 100.250 but I entered way too late, so yes, my fault, and I paid the price for my mistake

2nd trade 1M +5.1PIPS
- This time, I entered on a rebounce from the key level 100.250 on a green candlestick with huge volume (just following the rules), I reached my target in 4 minutes and 13 seconds. Not really FIFO but I was happy.
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  • #3,620
  • Aug 18, 2016 7:35am Aug 18, 2016 7:35am
Quoting Ockham
Guys loving this trade ! thanks one more time everyone for sharing this I m not sure it is allowed here but i had on my charts the tdi indicator for some confirmation so if it is a problem just tell me and i will masked this in futur post. UJ M5 decided to entry on the break out of the TL + tdi crossed and no volume, SL placed above one vwarp line indicator given by lkeithstone on this thread, and to tp just before the DOL at 5pips seems to be executed at 5.2 with the slippage ^^ {image}
Ockham,

I'm not exceedingly strict here in reference to your charts as are other PVSRA threads. I have added some non-PVSRA indicators which are not intrusive to our charts and provide information that I/We find useful for scalping.

I do require the use of our PVSRA template and that trades are true to our PVSRA system as our PVSRA templates provide all that is needed and necessary for profitable PVSRA trades.

With that being said, I might suggest for you to observe josh11's M1 chart directly following your posted chart and comparing both and notice how it provides a clean and uncluttered chart making it easy for all to see and have a understanding of his trade.

What some have done and I do occasionally if I want to use or test additional indicators, is have both, our clean PVSRA chart for posting and another with whatever you want as a working chart.

Again, welcome to our thread and thanks for your post and explanation.....

Stay GREEN and keep it simple
Keep It Simple
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