PVSRA Scalping with Cigarguy
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...PVSRA will offer insight as to their intentions giving us an edge and the opportunity to grab their shirt tails and go along for the ride........We cannot fight the Institutions and SM...
. So we learn to join them and use this PVSRA knowledge to our advantage....
GU +10 (avg +3.4) 1min Strong momentum to the upside. Broke RDL. Above dragon. I was a little late to the party and the momentum candle retraced quite a bit. I was confident we were going to push higher based on the momentum so I added to my position.
are up offering scalping opportunities to run with them.... the SM we join them while banking some nice pips....
The premise behind the analysis is that those entities that move prices have established habits. When the price moving entities are bulls they like to move prices below key S&R to do their buying. When they are bears they like to move prices above key S&R to do their selling. So, we can determine if the price moving entities are bulls or bears by finding out where (above or below key S&R) they are doing most of their trading. Once we determine the bull/bear status of the price moving entities, we can analyze futher to see if they are in a "position building" mode, or if they are in a "run for profits" mode. It is the "run for profits" mode that we want to trade.
{quote} lKeithStone,
{quote} Great explanation cigarguy! I still have much to learn, but you make it much easier by drilling these key concepts in my head. I'm forever grateful.
{quote} lKeithStone, I don't have a direct answer to your above question as I usually consult a few tools prior to entry. I will consult my larger CSM (not the small one on our charts) to pick a pair that is strong vs weak and then check H1 for trend and drop down through M15, M5 and ultimately M1 for a good entry on my chosen pair. What makes it even more difficult to give a direct answer, is my personal experience with the rhythm of a pair as to PA's location relative to S & R's , Session and time of day and importantly, much consideration given...
{quote} Cigarguy, I understand what you are saying. It was a rather difficult question to answer, and I figured there would be several factors that lead you to taking a trade on a non-momentum candle. I think you are a great teacher. Much better than you realize.
(I have highlighted in bold, a few areas that I personally feel are important, IMO)Picked this up and thought appropriate and may be of interest to some considering PVSRA scalping....... - Not all traders will do well in scalping, but many can acquire the necessary skills for this strategy by careful practice using a step-by-step approach. ....
{quote} I might be wrong but trading has to be kind of driving: spontaneously, observing everything and respond accordingly. For that reason trader must understand trading itself before apply any tools(indicator) on it...otherwise with scalping troubles come faster.
...Just as the driver acts and reacts with responses ie., braking, gas pedal, turn signals and many other actions which are automatic from training and experience. understand trading itself
{quote} Thanks again for sharing all this, missed this one, really interesting ! Nice sunday all ^^
Picked this up and thought appropriate and may be of interest to some considering PVSRA scalping......As well as a check list for those of us here as a time to make a reassessment that we have the right mind set and attributes to stay or become successful..........
Borrowed these from another thread and thought interesting........
