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PVSRA Scalping with Cigarguy

  • #3,721
  • Aug 23, 2016 12:35pm Aug 23, 2016 12:35pm
Quoting josh11
{quote} Not hard to find, check cigarguy bio...
There is no way to happiness , happiness is the way.
  • #3,722
  • Aug 23, 2016 12:45pm Aug 23, 2016 12:45pm
Quoting Ockham
{quote} Oups my apologize, did not know about the rules, if you want i could delete this post.
Ockham,

No need to delete you just asked a question with no discussion...
Keep It Simple
  • #3,723
  • Aug 23, 2016 1:09pm Aug 23, 2016 1:09pm
EU M1 FIFO scalp +3 very fast ( was away) and reduced lots due to time of day( have not scalped EU for awhile got to get the touch back been busy with UJ) as just snipping small pips with MM momentum.........
Attached Image (click to enlarge)
Click to Enlarge Name: Larry's Snapshot2016-08-23_11-09-53_EURUSDi_M1_.png Size: 52 KB
Keep It Simple
  • #3,724
  • Aug 23, 2016 1:46pm Aug 23, 2016 1:46pm
FYI for those new to FX why care should be taken trading NY after London close.....MM's scalping our pips and quickly grabbing close stops.....
Attached Image (click to enlarge)
Click to Enlarge Name: Larry's Snapshot2016-08-23_11-50-54_USDJPYi_M1_.png Size: 34 KB
Keep It Simple
  • #3,725
  • Aug 23, 2016 2:27pm Aug 23, 2016 2:27pm
EU +3.8, Bounce off dragon, thought MM would run it down to 1.1300 lvl, Entered after bearish volume bar. Tp before round number.
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  • #3,726
  • Aug 23, 2016 3:36pm Aug 23, 2016 3:36pm
PVSRA Scalpers & Demo Accounts,

For those trading with Demo accounts, IMO you should start trading live ASAP no matter how small or large. There is a total different mind set when pulling the trigger for real money no matter the amounts.

I personally think that prolonged demo trading can do more harm then good and traders need to be playing with real beans in the pot......

I have seen some excellent demo traders totally freeze when it came to pulling the trigger on their live account even though small......

Stay GREEN My Friends and Keep It Simple,
Cigarguy
Keep It Simple
  • #3,727
  • Aug 23, 2016 3:48pm Aug 23, 2016 3:48pm
Quoting Ockham
{quote} Thank you grand master but imo far to be helpful for new traders.. One day may be
Ockham,

Thanks for the nice compliment... but I am a scalper like all here, and even though been around FX for awhile, learn something new daily...
Keep It Simple
  • #3,728
  • Aug 23, 2016 4:42pm Aug 23, 2016 4:42pm
Talk about SNEAKY STOP HUNTERS in action stealing your hard earned cash as NY had to steal a bit more before the Asian Session.........
Attached Image (click to enlarge)
Click to Enlarge Name: Larry's Snapshot2016-08-23_14-47-47_USDJPYi_M1_.png Size: 45 KB
Keep It Simple
  • #3,729
  • Aug 23, 2016 9:23pm Aug 23, 2016 9:23pm
UJ M1 FIFO scalp +6 (avg. 5.8 @ 1 lot reduced for Asia Session) See chart for explanation..
Attached Image (click to enlarge)
Click to Enlarge Name: Larry's Snapshot2016-08-23_19-26-30_USDJPYi_M1_.png Size: 50 KB
Keep It Simple
  • #3,730
  • Aug 23, 2016 9:54pm Aug 23, 2016 9:54pm
Attached Image (click to enlarge)
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  1. AUD/JPY + 5
  2. Price retraced to the half-level (76.500) but couldn't break through + resistance on the higher timeframes. Took a short for an easy +5.

Attached Image (click to enlarge)
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  1. USD/JPY +5
  2. Same as above, retraced to the half-level (100.500) but got rejected with notable volume + resistance on the higher timeframes . Short for +5.

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy2m1.png Size: 165 KB

 

  1. USD/JPY +5
  2. Retraced to the quarter-level (100.250) but got rejected. Long for +5.

Attached Image (click to enlarge)
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  1. EURGBP -4 and +4
  2. Retraced to the quarter-level (0.85750) but got rejected. Took short on the first rejection but got out after it broke out to the top.
  3. Entered after on the break down. There was a resistance on the 5-15M, so it gave me extra confluence.
  4. The first loss was annoying, price came back exactly where i exited, should have held a bit longer but :
  5. 1. Easy to say with hindsight.
  6. 2. Better safe than sorry
  7. 3. Capital preservation
  8. 4. There's plenty of PVSRA scalping opportunities. Can't win them all.


Cheers

  • #3,731
  • Aug 23, 2016 9:57pm Aug 23, 2016 9:57pm
Quoting Stellan
{image} AUD/JPY + 5 Price retraced to the half-level (76.500) but couldn't break through + resistance on the higher timeframes. Took a short for an easy +5. {image} USD/JPY +5 Same as above, retraced to the half-level (100.500) but got rejected with notable volume + resistance on the higher timeframes . Short for +5. {image} USD/JPY +5 Retraced to the quarter-level (100.250) but got rejected. Long for +5. {image} EURGBP -4 and +4 Retraced to the quarter-level (0.85750) but got rejected. Took short on the first rejection but got out after it broke...
Stellan,

Nice trades and great explanations for all to learn from.....
Keep It Simple
  • #3,732
  • Aug 23, 2016 10:04pm Aug 23, 2016 10:04pm
Quoting cigarguy
UJ M1 FIFO scalp +6 (avg. 5.8 @ 1 lot reduced for Asia Session) See chart for explanation.. {image}
Lol i wish i can take those trades with enough experience. I think for now i'll stick to taking trades around round numbers only, but your screen-time and feel for the market is incredible
  • #3,733
  • Aug 23, 2016 10:11pm Aug 23, 2016 10:11pm
Quoting Stellan
{quote} Lol i wish i can take those trades with enough experience. I think for now i'll stick to taking trades around round numbers only, but your screen-time and feel for the market is incredible
Stellan,

Your doing fine with your entries as each trader has a little different style but still consistent with our PVSRA confirmations.....Don't make the mistake of attempting to trade like or copy any traders style if it ain't broke don't fix it and fine tuning comes with experience...
Keep It Simple
  • #3,734
  • Aug 23, 2016 10:20pm Aug 23, 2016 10:20pm
Quoting cigarguy
{quote} Stellan, Your doing fine with your entries as each trader has a little different style but still consistent with our PVSRA confirmations.....Don't make the mistake of attempting to trade like or copy any traders style if it ain't broke don't fix it and fine tuning comes with experience...
  • #3,735
  • Aug 24, 2016 1:32am Aug 24, 2016 1:32am
Hi all, here my 2 1st trade of the day and also the 2 last ! until ....

Trade explanation :
GN - we reach resistance with climax green candle but cannot broke the resistance, NZD was really strong and Gbp weakest than this screenshot taken little bit later, so i entered short with my set up tp +4 and sl -6pips, done but...
GA - all TF price above dragon and 200ema, price test many times on M1 the support, decide to go long after one bullish engulfing, i exited before the TP above 200 ema because trade was starting to be a bit long for me.

Attention

Ok may be in red it is too much but first according to the rules i will not speaking about brokers name here of course, but as we are in an amazing scalping thread i have to bring this to your attention, probably more to newbie attention as me ! the importance of spread and commissions in scalping.
The set up i try in scalping pvsra seems pretty correct SL -6 pips and Tp +4 pips, i will take my 2 trades from this morning in Asia session ( i leave in Asia) as sample.
Gbp Aud :according to the price action and time on trade i decide to exit with 3.2 pips of profit, good enough yes but ..
i trade with 2.98 lots so 20.08 by pips, i paid for this trade 2x11.92 commission and 1.5 spread so 1.5x20.08=30.04 so i paid a total of 53.88 and win for 3.2 pips 64.23, for me but may be i mistake it is too much, i understand broker have to win his money no problems about that, also you could tell me if i win 30 pips i paid the same, so my fault ?
So just my 2 cents probably we are extrem scalpers and need special conditions because when you executed 10 trades by day to this amounts broker will win a lot for sure. And of course the money broke win is not extra money but money we are paying so less profit, and the most important is if we paid such an amount it is more difficult to have good ITM and to be an successful trader, yesterday with 75% win i loosed money..
I just wanted to bring this to your attention, now i will just stop trading until i found a way to "loose less of my profits" ! because even in demo mode i don't want to see this on my history and i prefer take a break and found solution for this.

If you have any idea i will be happy to read this, still following this thread of course
Stay green all ^^
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2last trade.JPG Size: 154 KB
There is no way to happiness , happiness is the way.
  • #3,736
  • Aug 24, 2016 1:33am Aug 24, 2016 1:33am
Quoting cigarguy
{quote} Stellan, Your doing fine with your entries as each trader has a little different style but still consistent with our PVSRA confirmations.....Don't make the mistake of attempting to trade like or copy any traders style if it ain't broke don't fix it and fine tuning comes with experience...
Cigarguy is right. If it ain't broken don't fix it!
  • #3,737
  • Aug 24, 2016 1:41am Aug 24, 2016 1:41am
Quoting Ockham
Attention Ok may be in red it is too much but first according to the rules i will not speaking about brokers name here of course, but as we are in an amazing scalping thread i have to bring this to your attention, probably more to newbie attention as me ! the importance of spread and commissions in scalping. The set up i try in scalping pvsra seems pretty correct SL -6 pips and Tp +4 pips, i will take my 2 trades from this morning in Asia session ( i leave in Asia) as sample.
Ockham, I took at look at your charts and for example, for GBPNZD your spread is 3.30, which is way too much.
I recommend you look for a broker that gives you smaller spreads.
  • #3,738
  • Aug 24, 2016 1:46am Aug 24, 2016 1:46am
Quoting robmagario
{quote} Ockham, I took at look at your charts and for example, for GBPNZD your spread is 3.30, which is way too much. I recommend you look for a broker that gives you smaller spreads.
Hi Robmagario, yes completely agree, too much, combination of spread and commissions, i mean too much for scalping of course ! be sure i m investigating seriously now for a solution ! as you are in same area than me if you have some idea feel free to pm me
There is no way to happiness , happiness is the way.
  • #3,739
  • Edited 5:59am Aug 24, 2016 2:04am | Edited 5:59am
Quoting Ockham
{quote} Hi Robmagario, yes completely agree, too much, combination of spread and commissions, i mean too much for scalping of course ! be sure i m investigating seriously now for a solution ! as you are in same area than me if you have some idea feel free to pm me
Switch to an ECN.
  • #3,740
  • Aug 24, 2016 3:49am Aug 24, 2016 3:49am
Eu +6.4 pips, Double top or rejection at DOL, break of small support and break of dragon.
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