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PVSRA Scalping with Cigarguy

  • #3,801
  • Aug 25, 2016 6:05pm Aug 25, 2016 6:05pm
UJ
+4.5

I was waiting for price to hit this level and show some momentum. Level + VWAP + momentum candle = entry. It was somewhat scary because it was counter trend, but I've been studying 1 min support levels and was confident we would get a reaction.

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  • #3,802
  • Aug 25, 2016 6:08pm Aug 25, 2016 6:08pm
Quoting lKeithStone
UJ +4.5 I was waiting for price to hit this level and show some momentum. Level + VWAP + momentum candle = entry. It was somewhat scary because it was counter trend, but I've been studying 1 min support levels and was confident we would get a reaction. {image}
lKeithStone,

Finally some tradable PA in the Asian Session........
Keep It Simple
  • #3,803
  • Aug 25, 2016 6:12pm Aug 25, 2016 6:12pm
Quoting cigarguy
{quote} lKeithStone, Finally some tradable PA in the Asian Session........
YES! FINALLY!

Today's NY session was one of the worst I've ever experienced.

  • #3,804
  • Aug 25, 2016 6:28pm Aug 25, 2016 6:28pm
Quoting cigarguy
{quote} thedrrew, Nice catch.... 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.. Maybe a nice retrace for another shot at this baby.....I would like to see a nice deep M5 retrace and PVSRA confirmation for round 2..... Just posting below as we were just recently discussing Mr. Ali and his quote "Float Like a Butterfly But Sting Like a Bee" Sports Illustrated has published a nice Tribute to Mr. Muhummad Ali who passed at age 74 from...
Mr. Ali sure knew when to strike. If you allow me cigarguy, I'll share a video in which you can see him saying his famous quote. The determination he had is quite inspiring as well...
Inserted Video
  • #3,805
  • Aug 25, 2016 6:32pm Aug 25, 2016 6:32pm
Quoting lKeithStone
{quote} YES! FINALLY! Today's NY session was one of the worst I've ever experienced.
NY MM's whipped and whacked all day.....scalping their ticks selling and buying from each other keeping us small retail traders on the side lines....
Keep It Simple
  • #3,806
  • Aug 25, 2016 6:34pm Aug 25, 2016 6:34pm
Quoting thedrrew
{quote} Mr. Ali sure knew when to strike. If you allow me cigarguy, I'll share a video in which you can see him saying his famous quote. The determination he had is quite inspiring as well... https://www.youtube.com/watch?v=bNpFiZDqcog
NP, as he inspired many......He for sure wasn't bashful but he did back up his words.....
Keep It Simple
  • #3,807
  • Aug 26, 2016 1:53am Aug 26, 2016 1:53am
Quoting cigarguy
{quote} Rob, You have been here on our PVSRA Scalping thread for approximately 5 months and have shown considerable improvement and have done exceedingly well with your dedication to learning and trading our system. What ever you are doing, IT WORKS and now it's just practice and lots of screen time......
Thanks a lot Cigarguy! I think we are all learning from you! Thanks for creating this amazing thread!
I also would like to say thanks to the other main contributors, IKeithStone, Thedrrew, Josh11, Stellan, Ockham and Vape!
Sorry if I forgot to mention any other contributors.
Let's all stay GREEN!
  • #3,808
  • Aug 26, 2016 3:29am Aug 26, 2016 3:29am
Quoting robmagario
{quote} Thanks a lot Cigarguy! I think we are all learning from you! Thanks for creating this amazing thread! I also would like to say thanks to the other main contributors, IKeithStone, Thedrrew, Josh11, Stellan, Ockham and Vape! Sorry if I forgot to mention any other contributors. Let's all stay GREEN!
  • #3,809
  • Aug 26, 2016 4:00am Aug 26, 2016 4:00am
Quoting robmagario
{quote} Thanks a lot Cigarguy! I think we are all learning from you! Thanks for creating this amazing thread! I also would like to say thanks to the other main contributors, IKeithStone, Thedrrew, Josh11, Stellan, Ockham and Vape! Sorry if I forgot to mention any other contributors. Let's all stay GREEN!
There is no way to happiness , happiness is the way.
  • #3,810
  • Aug 26, 2016 5:08am Aug 26, 2016 5:08am
hope it is not against rules in forex factory to post about cfd trade ?!

So i try to applied today PVSRA on GER30 cfd, low spread and no commissions but really high volatility.
As all of you know mt4 history it is not easy to know your exact pips win in history and i did so many trade only in scalp i cannot tell you the exact pips results, i guess around +200pips with PVSRA and my set up SL-6 and BE move when reach +3.9 pips to 3.2 pips and sl is trailing every +1.2 pips so i can catch some extra pips.

GER30 as all time frame price was below EMA 200 and dragon i was expecting a retracement this morning near the open, so as many times with GER30 there is an crazy movement a the London opening market, 2 green climax stop to the Vwap level as resistance without breaking, point 1, i entered short and paid every small M1 retracement until we reach point 2 a daily pivot, same scenario 2 big red candles cannot break the support so i reversed and paid all M1 retracement until we reach a point i already prepared, the 61,8% fibo from the bearish movement ,point 3, i reversed one more time when we reached again the daily pivot without breaking him and i stopped after 2 more scalps.
In point 4 i identified a range may be because market decided at this point to wait Yellen announcement this afternoon, so pretty easy to buy down and reverse up to the range, please take attention to the volume you have at S/R, every time red candle that cannot break Support and green candle that cannot break the resistance of the range, so buy tp reverse etc..

Conclusion PVSRA is really helpful even with cfd, but if you are not used with the GER30 be careful a lot of volatility.

Stay green and have a nice week end all ^^
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There is no way to happiness , happiness is the way.
  • #3,811
  • Aug 26, 2016 5:31am Aug 26, 2016 5:31am
Quoting Ockham
hope it is not against rules in forex factory to post about cfd trade ?! So i try to applied today PVSRA on GER30 cfd, low spread and no commissions but really high volatility. As all of you know mt4 history it is not easy to know your exact pips win in history and i did so many trade only in scalp i cannot tell you the exact pips results, i guess around +200pips with PVSRA and my set up SL-6 and BE move when reach +3.9 pips to 3.2 pips and sl is trailing every +1.2 pips so i can catch some extra pips. GER30 as all time frame price was below EMA...

No Problem.....
Keep It Simple
  • #3,812
  • Aug 26, 2016 5:31am Aug 26, 2016 5:31am
Quoting robmagario
{quote} Thanks a lot Cigarguy! I think we are all learning from you! Thanks for creating this amazing thread! I also would like to say thanks to the other main contributors, IKeithStone, Thedrrew, Josh11, Stellan, Ockham and Vape! Sorry if I forgot to mention any other contributors. Let's all stay GREEN!
Traders Helping Traders......
Keep It Simple
  • #3,813
  • Aug 26, 2016 5:58am Aug 26, 2016 5:58am
Quoting cigarguy
{quote} No Problem.....
ok perfect not sure but i don't think to see already the GER30 in pvsra thread, some reasons ? extrem volatility may be..
There is no way to happiness , happiness is the way.
  • #3,814
  • Aug 26, 2016 6:11am Aug 26, 2016 6:11am
EU M15 +172 (my higher t/f account) I normally only post FIFO scalps which is what we trade here and they are my bread and butter accounts, but thought I would post this EU higher t/f account as this one depicts the accumulation phase so well....... But almost slept through this one as got to the party way late... (but by no means bragging about these pips posted for illustration purposes only) AS for the H1 & D1 Bias indicator at the top right....Sorry Guys/Gals that one I cannot post per coders request....
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  • #3,815
  • Aug 26, 2016 7:18am Aug 26, 2016 7:18am
EU M1 FIFO Scalp +30 See chart for explanation...
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  • #3,816
  • Aug 26, 2016 8:20am Aug 26, 2016 8:20am
Quoting cigarguy
EU M1 FIFO Scalp +30 See chart for explanation... {image}
You are good.
  • #3,817
  • Edited 9:28am Aug 26, 2016 8:23am | Edited 9:28am
PVSRA Scalpers,

The above trades bring to mind a subject that has not been discussed. As all are aware, we do obviously have rules based on PVSRA that will keep us on the right side of the market and offer insight as to the intentions of the sneaky MM's . I won't go into any detail as all is posted here throughout our PVSRA Text Book thread.

With that being said, there are times when IMO, the rules can be broken and for want of a better term I will call this "Discretionary Trading". As new or seasoned traders learning our PVSRA system, once you gain experience with our system, there will be times based on this experience when you feel there is a high probability entry based on this experience and many hours of screen time with your chosen currencies.

I do this often such as a CT trade or sometimes as posted above, what I feel based on experience with a specific pair, a high probability entry with PVSRA high volume and momentum.

Staying consistent with our PVSRA rules always offers the safest and highest probability entries for a winning trade and is highly recommended. I am not recommending that we should begin to deviate and not follow our rules, but there have been previous posts by myself and others CT to these rules and I thought a small comment was in order......

Have a nice week end all and stay GREEN My Friends,
Cigarguy
Keep It Simple
  • #3,818
  • Aug 26, 2016 8:25am Aug 26, 2016 8:25am
Quoting ruma29
{quote} You are good.

Thanks....Sometimes Yes and Sometimes No.....
Keep It Simple
  • #3,819
  • Edited 8:57am Aug 26, 2016 8:44am | Edited 8:57am
PVSRA Scalpers,

I discussed fib retracements and how to set up your MT4 fib tool on a previous post. For any that are new to using this tool and interested, I posted the below chart for you to see and observe how PA respected these fib numbers even on this low t/f M1 chart.

S & R and key levels play a very important part in our PVSRA trading and fibs offer another tool that often will show S & R levels in between our whole, half and quarter levels allowing for a PVSRA confirmed entry otherwise not observed.

I did not annotate this chart as to these S & R labels so you can take a look and see for yourselves.....
Attached Image (click to enlarge)
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  • #3,820
  • Edited 9:42am Aug 26, 2016 9:18am | Edited 9:42am
EU M1 FIFO Scalp +59 See chart for explanation..... Remember Guys/Gals, there is never an embarrassment taking small + pips as I will take what the market gives......
Attached Image (click to enlarge)
Click to Enlarge Name: Larry's Snapshot2016-08-26_09-18-32_EURUSDi_M1_.png Size: 51 KB
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