Thanks CG for your insightful explanation as always. So now I need to watch not only the dragon's back but also together with the level where it's flying......haha.......Rob's trade right after your post is a good case in point......nice teamwork there......lol........
PVSRA Scalping with Cigarguy
- #3,682
- Aug 22, 2016 10:26am Aug 22, 2016 10:26am
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
{quote} Rob, LONG....
I mistyped! Thanks for letting me know!
- #3,683
- Aug 22, 2016 10:27am Aug 22, 2016 10:27am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Thanks CG for your insightful explanation as always. So now I need to watch not only the dragon's back but also together with the level where it's flying......haha.......Rob's trade right after your post is a good case in point......nice teamwork there......lol........
Keep It Simple
- #3,684
- Aug 22, 2016 10:27am Aug 22, 2016 10:27am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Oops! I entered SHORT! I mistyped! Thanks for letting me know!
Keep It Simple
- #3,685
- Aug 22, 2016 10:43am Aug 22, 2016 10:43am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Thanks CG for your insightful explanation as always. So now I need to watch not only the dragon's back but also together with the level where it's flying......haha.......Rob's trade right after your post is a good case in point......nice teamwork there......lol........
Most systems rather it be PVSRA, ABC's or 123's have rules that entries should be made at the break of the last candle.....Not All, but most I have seen that are viable.......
Keep It Simple
- #3,686
- Aug 22, 2016 3:34pm Aug 22, 2016 3:34pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M1 FIFO Scalp +23 (avg. +2.3 @ 10 lots) See chart for explanation.
Keep It Simple
- #3,688
- Aug 22, 2016 4:04pm Aug 22, 2016 4:04pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
thank you very much CG for the extra treat.
Keep It Simple
- #3,690
- Aug 22, 2016 6:19pm Aug 22, 2016 6:19pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ FIFO Scalp +14 See explanation on M1 & M15 charts....
This is what we do....
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 newsevents that influence trading activity."
Keep It Simple
- #3,691
- Aug 22, 2016 6:32pm Aug 22, 2016 6:32pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Below chart referencing above FIFO scalp as I have posted numerous times.......Profits lost with usual retraces.....
Mr. Gordon Gecko may say "Greed Is Good", but not in the real Forex world......
Mr. Gordon Gecko may say "Greed Is Good", but not in the real Forex world......
Keep It Simple
- #3,692
- Aug 23, 2016 5:07am Aug 23, 2016 5:07am
- Joined May 2009 | Status: Consistency is Key!! | 1,297 Posts
- #3,694
- Aug 23, 2016 6:55am Aug 23, 2016 6:55am
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
- #3,696
- Aug 23, 2016 7:06am Aug 23, 2016 7:06am
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
{quote} Hi,Sir.I think scalp should use heavy lots to trade，such as 1lots，then scalper can get sufficient mounts of ￥￥，while using smaller lots is not very good profit
- #3,697
- Aug 23, 2016 7:24am Aug 23, 2016 7:24am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
NC +5pips, was looking for a bounce on M5 on dragon, price were above dragon in M5 and M15, strong NZD as well, even with red climax in M5 price cannot break dragon and weekly support, so i decided to enter on the close of the next green climax. My tp was auto to 5 pips, but one of my wish would like to not to have an auto tp to X pips but something like if you choose a sort of tp 5, when you reach 5 pips you will not tp but bring your SL as trailing stop at +4.5 (may be more or less) or something like that, so if at 5pips price retrace you'll win...
Nice charts ( clean and easy to read) and I can see from your detailed explanations that your posts and contributions are going to be valued and helpful to our traders.....
Keep It Simple
- #3,698
- Aug 23, 2016 7:25am Aug 23, 2016 7:25am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
USDJPY M1 +5PIPS Reasons for entering SHORT - Key level 100.250 was broken downwards a long time ago, so I thought we were going towards key level 100.000 - Dragon was going down and I liked the inclination - PA trading below 50EMA and 200EMA - Currency Strength showing very weak USD - Entered after red candlestick with huge volume Got my target and exited {image}
Rob,
Nice trade as always my Friend.....
Keep It Simple
- #3,699
- Aug 23, 2016 7:45am Aug 23, 2016 7:45am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ, M1 FIFO Scalp +17 (avg. +1.7 small pip t/p @ 10 lots) See chart for explanation as only skimmed some small pips with MM's momentum as they do!.......We can't fight 
with the Institutional money, so we join them and grab their shirt tails (aka momentum) and go along for the ride......
with the Institutional money, so we join them and grab their shirt tails (aka momentum) and go along for the ride...... 
Keep It Simple
- #3,700
- Aug 23, 2016 7:46am Aug 23, 2016 7:46am
- Joined May 2009 | Status: Consistency is Key!! | 1,297 Posts
UJ, M1 FIFO Scalp +17 (avg. +1.7 small pip t/p @ 10 lots) See chart for explanation as only skimmed some small pips with MM's momentum as they do!.....