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PVSRA Scalping with Cigarguy

  • #3,661
  • Aug 22, 2016 5:54am Aug 22, 2016 5:54am
USDJPY +5.0PIPS

Reasons for entering SHORT
- We had already moved away from key level 100.750, so I thought the next target would be 100.500
- Dragon was going down and I liked the inclination
- Other time frames were bearish (M5, M15)
- Very strong JPY on CSM
- After a huge red candlestick on volume, waited for some consolidation and entered two candlesticks after a red candlestick. Since the red candlestick was a bit small, I waited a bit to see if PA kept bearish.

Got my target and exited!
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m1-forex-capital-markets.png Size: 43 KB
  • #3,662
  • Aug 22, 2016 7:01am Aug 22, 2016 7:01am
Quoting robmagario
USDJPY +5.0PIPS Reasons for entering SHORT - We had already moved away from key level 100.750, so I thought the next target would be 100.500 - Dragon was going down and I liked the inclination - Other time frames were bearish (M5, M15) - Very strong JPY on CSM - After a huge red candlestick on volume, waited for some consolidation and entered two candlesticks after a red candlestick. Since the red candlestick was a bit small, I waited a bit to see if PA kept bearish. Got my target and exited! {image}
Very nice trading mate
  • #3,663
  • Aug 22, 2016 7:54am Aug 22, 2016 7:54am
Quoting robmagario
USDJPY +5.0PIPS Reasons for entering SHORT - We had already moved away from key level 100.750, so I thought the next target would be 100.500 - Dragon was going down and I liked the inclination - Other time frames were bearish (M5, M15) - Very strong JPY on CSM - After a huge red candlestick on volume, waited for some consolidation and entered two candlesticks after a red candlestick. Since the red candlestick was a bit small, I waited a bit to see if PA kept bearish. Got my target and exited! {image}
Rob,
Nice way to start the week with + pips
Keep It Simple
  • #3,664
  • Aug 22, 2016 7:55am Aug 22, 2016 7:55am
Quoting Vape
{quote} Cigarguy posted the indicator a few months ago. It is called stratman mini charts. This is the link for download on FF http://www.forexfactory.com/showthread.php?t=198729 You have to install a font on to your computer for it to work correctly. If you scroll back through this thread someone posted instructions on how to do it, (sorry I cant remember who or when).
Vape,

Thanks for the answer....
Keep It Simple
  • #3,665
  • Aug 22, 2016 7:57am Aug 22, 2016 7:57am
I hope some here enjoyed and got something beneficial from the above videos....
Keep It Simple
  • #3,666
  • Aug 22, 2016 8:16am Aug 22, 2016 8:16am
UJ M1 FIFO Scalp +28 (avg. +2.8 @ 10 lots) See chart for explanation.....Just got here and a bit late to this party...

UJ has been trending nicely for some time offering PVSRA scalpers some great FIFO opportunities.....

NOTE: The recent retraces have been somewhat too shallow and would like to see a deeper retrace to M5 or M15 which will probably come soon, so be a little careful with your shorts....
Attached Image (click to enlarge)
Click to Enlarge Name: Larry's Snapshot2016-08-22_06-19-51_USDJPYi_M1_.png Size: 48 KB
Keep It Simple
  • #3,667
  • Edited 8:49am Aug 22, 2016 8:37am | Edited 8:49am
Just a FYI as UJ possible support near and with retraces and/or pull backs and trend change......Of course we cannot know, but worth watching......

Note for new traders; If stalking M1 remember to check higher t/f's M5 or M15 as a buy on M1 could be a short lived retrace on M5 or M15 and catch you in a wrong way trade and a PVSRA short confirmed from the higher t/f as only a retrace......Much safer to wait for the retrace to be complete and then possibly catch your entry as M1 re-enters M5 and the current trend.........Just watch your M1 and M5 side by side and the charts will tell all.....
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiH1.png Size: 87 KB
Keep It Simple
  • #3,668
  • Aug 22, 2016 8:46am Aug 22, 2016 8:46am
Quoting cigarguy
UJ M1 FIFO Scalp +28 (avg. +2.8 @ 10 lots) See chart for explanation.....Just got here and a bit late to this party... UJ has been trending nicely for some time offering PVSRA scalpers some great FIFO opportunities..... NOTE: The recent retraces have been somewhat too shallow and would like to see a deeper retrace to M5 or M15 which will probably come soon, so be a little careful with your shorts.... {image}
Nice trade as always
May i ask one question about your entry or previous possible entry i would have choosen for me.. could you please tell me if this entry would have been mistake ?

edit forget pic ^^
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 364 KB
There is no way to happiness , happiness is the way.
  • #3,669
  • Aug 22, 2016 8:47am Aug 22, 2016 8:47am
Quoting josh11
{quote} Very nice trading mate
Quoting cigarguy
{quote} Rob, Nice way to start the week with + pips


Josh and Cigarguy,
Thanks a lot! Usually my first trade of the day is a loss so I am happy that I started with a win today!
  • #3,670
  • Aug 22, 2016 8:55am Aug 22, 2016 8:55am
Quoting Ockham
{quote} Nice trade as always May i ask one question about your entry or previous possible entry i would have choosen for me.. could you please tell me if this entry would have been mistake ? edit forget pic ^^ {image}
Ockham,

No not a mistake at all. I entered somewhat late because I just got here but would have waited and entered where you marked; OR THIS BREAKOUT for me as I prefer to see PA break the previous low most of the time as I did there..... Good question.....
Keep It Simple
  • #3,671
  • Aug 22, 2016 9:01am Aug 22, 2016 9:01am
Quoting cigarguy
{quote} Ockham, No not a mistake at all. I entered somewhat late because I just got here but would have waited and entered where you marked; OR THIS BREAKOUT for me as I prefer to see PA break the previous low most of the time as I did there..... Good question.....
Ockham,

With this strong momentum, these entries can actually be broken down as, AGGRESSIVE as you entered or CONSERVATIVE as I entered, but not wrong with PVSRA confirmation...
Keep It Simple
  • #3,672
  • Aug 22, 2016 9:03am Aug 22, 2016 9:03am
Quoting robmagario
{quote} {quote} Josh and Cigarguy, Thanks a lot! Usually my first trade of the day is a loss so I am happy that I started with a win today!
Rob,

Always a good way to start the trading week.....
Keep It Simple
  • #3,673
  • Aug 22, 2016 9:16am Aug 22, 2016 9:16am
Quoting cigarguy
{quote} Ockham, With this strong momentum, these entries can actually be broken down as, AGGRESSIVE as you entered or CONSERVATIVE as I entered, but not wrong with PVSRA confirmation...
Thanks for your answer ! yes may be i have to think that i am too much agressive on my entry, i would like to be more conservative but i scare to enter too late as the market gave already some pips in my direction..
There is no way to happiness , happiness is the way.
  • #3,674
  • Aug 22, 2016 9:19am Aug 22, 2016 9:19am
Quoting cigarguy
Just a FYI as UJ possible support near and with retraces and/or pull backs and trend change......Of course we cannot know, but worth watching...... Note for new traders; If stalking M1 remember to check higher t/f's M5 or M15 as a buy on M1 could be a short lived retrace on M5 or M15 and catch you in a wrong way trade and a PVSRA short confirmed from the higher t/f as only a retrace......Much safer to wait for the retrace to be complete and then possibly catch your entry as M1 re-enters M5 and the current trend.........Just watch your...
Case in point now on UJ for those stalking and observing M1 with M5; Is M1 a PVSRA buy or is PA retracing to the 50 or 200 ema as short term resistance and then turn bearish and continue it's run down and offering confirmed PVSRA short entries.............We can only watch our charts and trade what we see not what we think.........
Keep It Simple
  • #3,675
  • Aug 22, 2016 9:22am Aug 22, 2016 9:22am
Quoting Ockham
{quote} Thanks for your answer ! yes may be i have to think that i am too much agressive on my entry, i would like to be more conservative but i scare to enter too late as the market gave already some pips in my direction..
Ockham,

Yes, entries never a sure thing or all would be Millionaires but must be based on sound judgement and a viable system.....
Keep It Simple
  • #3,676
  • Aug 22, 2016 9:31am Aug 22, 2016 9:31am
Hi CG,

Re your reply to Ockham, why would u call his entry level aggressive and yours conservative whereas the price has traveled downward for so long and so much.....please elaborate further........thanks.

ph
  • #3,677
  • Aug 22, 2016 9:48am Aug 22, 2016 9:48am
Quoting pipiphooray
Hi CG, Re your reply to Ockham, why would u call his entry level aggressive and yours conservative whereas the price has traveled downward for so long and so much.....please elaborate further........thanks. ph
pipiphooray,

Good question..... Please see my annotated chart and hope this is clear as a trader not a teacher.........
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 389 KB
Keep It Simple
  • #3,678
  • Edited 10:26am Aug 22, 2016 9:59am | Edited 10:26am
USDJPY M1 +5PIPS

Reasons for entering SHORT
- PA failed to break key level 100.500 and it started to go down
- Dragon was moving down and I liked the inclination
- Very weak USD on Currency Strength Meter
- Entered after a red candlestick with high volume, reached my target and exited
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m1-forex-capital-markets.png Size: 47 KB
  • #3,679
  • Aug 22, 2016 10:04am Aug 22, 2016 10:04am
UJ M1 FIFO scalp +23 (avg. +2.3 @ 10 lots) See Chart....
Attached Image (click to enlarge)
Click to Enlarge Name: Larry's Snapshot2016-08-22_08-02-24_USDJPYi_M1_.png Size: 52 KB
Keep It Simple
  • #3,680
  • Aug 22, 2016 10:06am Aug 22, 2016 10:06am
Quoting robmagario
USDJPY M1 +5PIPS Reasons for entering LONG - PA failed to break key level 100.500 and it started to go down - Dragon was moving down and I liked the inclination - Very weak USD on Currency Strength Meter - Entered after a red candlestick with high volume, reached my target and exited {image}
Rob,

LONG....
Keep It Simple
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