PVSRA Scalping with Cigarguy
I'm stalking UJ as the sneaky MM'sIMO, appear to be acting as bulls by continually running PA above 100.500 key level and then whacking it down. These moves also give a PVSRA clue with the high volume at the highs and lower volume at lows as they may be building shorts and all done above the 100.500 key level...{image}
{quote} Good point cigarguy. Seems like MM have shorts order at around yesterday high. I noticed when YH is not broken that it often act as a nice opportunity level... I took the trade on 1min TF for +2 {image}
{quote} Yes, I see that as well with lots of whipping and whacking, so side lines for me right now.....
{quote} Me too. Also, if you look at the Currency Strength Meter, it shows both USD and JPY strong and very close to each other. Whenever that happens, I guess it shows that prices will keep moving like that, in a zig zag up and down. Maybe we should wait until CSM shows USD and JPY very distant from each other. Just my thought.
{quote} thedrrew, Small pips can be skimmed as you did, but kind of risky with this whipping and whacking with no lower t/f trending..........
{quote} For sure and my Prayer is "Lord Please Give Me Patience But Hurry".......
{quote} thedrrew, Small pips can be skimmed as you did, but kind of risky with this whipping and whacking with no lower t/f trending...I'm seeing mixed signals all over the place right now on UJ..........
{quote} Rob, Just keep in mind the CSM is only for a heads up for pairs to stalk for possible trades and is not to be considered as BUY/SELL signals. Case in point; Our small CSM often indicates different signals from the MadDash CSM, so I take both only as scanner for pairs to consider.....So I suggest that you don't make trading decisions based on CSM indications.....
I only see CSM as a stalker for pairs to consider. That's why at the moment I won't consider this USDJPY pair. {quote} Yes Cigarguy
{quote} I agree. UJ is quite the snooze fest today.
{quote} Totally, time to close the computer. See you later
{quote} rob, Many more nice trades to come......Sleep Well......
{quote} Thanks Cigarguy, I wish a great NY session for you and the other people in this thread! {image}
My trigger finger is fast but, no way......
{quote} Am I supposed to do anything with pictures in your post: like put them on wall or hang on computer? what was the purpose of these pictures?
{quote} Ruma29, Yes! If you can put them on your wall, it would be awesome! I usually print out some quotes that I find useful and hang them on my wall so that I will always remember not to over trade.
UJ 5min +3 Now that's better. Got short when price broke daily open and half level. Also the strength JPY VS USD was excellent as USD was very weak. Momentum was also good the 50EMA was down with good enough angle. Stay green guys
I was busy elsewhere and saw this WAY TOO LATE and that was the move I've been waiting for all day........well if you snooze you loose..
