jamesr24,
Nice boat and week end to catch that BIG one.....
Nice boat and week end to catch that BIG one.....
Keep It Simple
PVSRA Scalping with Cigarguy
- #3,821
- Aug 26, 2016 10:28am Aug 26, 2016 10:28am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
- #3,822
- Aug 26, 2016 11:09am Aug 26, 2016 11:09am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EU M1 FIFO Scalp +31 See Chart for explanation.
Bottom chart same trade M5 view and this is the last one for me this week.
Have a nice week end ALL, Stay GREEN and Keep It Simple,
Cigarguy
Bottom chart same trade M5 view and this is the last one for me this week.
Have a nice week end ALL, Stay GREEN and Keep It Simple,
Cigarguy
Keep It Simple
- #3,823
- Aug 26, 2016 11:37am Aug 26, 2016 11:37am
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
- #3,824
- Aug 26, 2016 11:40am Aug 26, 2016 11:40am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
USDJPY M1 +5PIPS Reason for picking this pair to trade - Currency Strength showing very strong USD and very weak JPY Reasons for entering LONG - I waited for a long time until this pair broke key level 100.500 upwards. After that I waited even more just to make sure that we were going towards key level 100.750 - Dragon was going up a lot and I really liked the inclination - A series of bullish candlesticks were indicating that we were more likely going towards key level 100.750 - PA trading above 50EMA and 200EMA {image}...
I see you're practicing using the patience you described earlier.....
....... 
Keep It Simple
- #3,825
- Edited 12:20pm Aug 26, 2016 11:45am | Edited 12:20pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EU M1 FIFO Scalp +21 I tried to find my computer power button and stop BUT!!
(Don't tell anyone but it's called over trading....
......Hi, My name is Cigarguy and I'm a pipoholic.....But I'm in rehab.....
)
(Don't tell anyone but it's called over trading....
......Hi, My name is Cigarguy and I'm a pipoholic.....But I'm in rehab.....)
Keep It Simple
- #3,826
- Edited Aug 27, 2016 6:41am Aug 26, 2016 2:58pm | Edited Aug 27, 2016 6:41am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
PVSRA Scalpers,
Our current PVSRA Dual Trends Indicator (coded and generously provided by tah) is currently serving us well as indicating the trend for the selected time frame as well as support and resistance. Due to the fact that this indicator is such a key element to our PVSRA scalping system, I have been thinking of possible options to make it even more valuable and providing additional entry/exit signals and confirmations.
OK now just a bit of history so you will understand where I'm coming from; A few years ago I traded the beautiful rainbow on different threads with mixed success. The main problem I had trading the rainbow was it consisted of so many moving averages making it difficult to get clear confirmed entries and exits. This rainbow is an absolute beautiful piece of art that can be framed and hung on a wall, but very difficult to trade. (I could but will not take time here to comment further on this indicator it was only the catalyst for my idea for change).
Based on my prior rainbow trading experience I thought maybe I could use our 50 ema as the cornerstone of our trend indicator and just add a very few moving averages giving us an additional visual edge provided from this ema that is currently lacking.
I of course, realize there are many moving average indicators and MA cross indicators out there, but I want to maintain the integrity of our current Dragon (50 ema), but modify it and squeeze it for a little more information.
I submit this only on a TEST basis for comments and suggestions as I realize their are some extremely talented traders and coders viewing our thread as we continue to remain open minded to change.
Earlier in the thread we tested a few different variations to our current trend indicator that were not accepted, so I thought as time has passed and those first traders who were then new to PVSRA scalping, may now offer experienced suggestions and insight.......
I just simply removed the Dual Trend Indicator and added the 50 EMA as the basis of the cornerstone for this change. I then added the following EMA's and color coded each differently for the visual effect;
(Any colors can be used depending on a black or white chart and modified to the traders specifications. These are some I picked for testing only)
White; 200
Blue; 50
DeepPink; 48, 46, 44, 42, 40, 38
Gold; 62, 60, 58. 56, 54, 52
If any traders decide to give this a try you will notice, as shown in the below chart examples, how the colors of the EMA's will change as PA moves up or down, as did our rainbow indicator back in time.
As momentum increases PA, the Deep Pink will show on top of the 50 ema and as momentum moves PA down, it will roll over and be on the bottom of the 50 ema. As PA begins to range, the EMA will remain tight indicating NO TRADING and then begin to widen as PA moves up or down presenting possible entry opportunities based on our PVSRA rules and confirmations. When observing our current Dragon, 50 EMA, you will see that it remains static only providing the 50 EMA trend information.
The stronger the PA move becomes the wider the EMA's will become related to each other. As I said earlier, I realize this is nothing new and earth shattering there are EMA indicators all around FF and the web with guppys and squiggly lines, but I want to maintain the 50 EMA as our building block.
I think this may offer an additional visual not offered by our current Dragon 50 ema indicator.
Back through time one of the consistent standards that all PVSRA traders strived to maintain is a clean and uncluttered chart. As a scalper I have seen fit to add a few additional indicators as scalping tools, but still always attempting to maintain our charts somewhat minimalistic.
The bottom chart is the Rainbow which is a work of art but very difficult to trade. I did trade this chart for quite some time but with mixed success but just posted to show all as this is my inspiration for possible change but still remaining true to our profitable PVSRA scalping system.
ALL COMMENTS AND SUGGESTIONS ARE ENCOURAGED......
If we find this is helpful, maybe someone could code a indicator or modify one out there in lieu of adding all of these ema's manually.....
Regards,
Cigarguy
Our current PVSRA Dual Trends Indicator (coded and generously provided by tah) is currently serving us well as indicating the trend for the selected time frame as well as support and resistance. Due to the fact that this indicator is such a key element to our PVSRA scalping system, I have been thinking of possible options to make it even more valuable and providing additional entry/exit signals and confirmations.
OK now just a bit of history so you will understand where I'm coming from; A few years ago I traded the beautiful rainbow on different threads with mixed success. The main problem I had trading the rainbow was it consisted of so many moving averages making it difficult to get clear confirmed entries and exits. This rainbow is an absolute beautiful piece of art that can be framed and hung on a wall, but very difficult to trade. (I could but will not take time here to comment further on this indicator it was only the catalyst for my idea for change).
Based on my prior rainbow trading experience I thought maybe I could use our 50 ema as the cornerstone of our trend indicator and just add a very few moving averages giving us an additional visual edge provided from this ema that is currently lacking.
I of course, realize there are many moving average indicators and MA cross indicators out there, but I want to maintain the integrity of our current Dragon (50 ema), but modify it and squeeze it for a little more information.
I submit this only on a TEST basis for comments and suggestions as I realize their are some extremely talented traders and coders viewing our thread as we continue to remain open minded to change.
Earlier in the thread we tested a few different variations to our current trend indicator that were not accepted, so I thought as time has passed and those first traders who were then new to PVSRA scalping, may now offer experienced suggestions and insight.......
I just simply removed the Dual Trend Indicator and added the 50 EMA as the basis of the cornerstone for this change. I then added the following EMA's and color coded each differently for the visual effect;
(Any colors can be used depending on a black or white chart and modified to the traders specifications. These are some I picked for testing only)
White; 200
Blue; 50
DeepPink; 48, 46, 44, 42, 40, 38
Gold; 62, 60, 58. 56, 54, 52
If any traders decide to give this a try you will notice, as shown in the below chart examples, how the colors of the EMA's will change as PA moves up or down, as did our rainbow indicator back in time.
As momentum increases PA, the Deep Pink will show on top of the 50 ema and as momentum moves PA down, it will roll over and be on the bottom of the 50 ema. As PA begins to range, the EMA will remain tight indicating NO TRADING and then begin to widen as PA moves up or down presenting possible entry opportunities based on our PVSRA rules and confirmations. When observing our current Dragon, 50 EMA, you will see that it remains static only providing the 50 EMA trend information.
The stronger the PA move becomes the wider the EMA's will become related to each other. As I said earlier, I realize this is nothing new and earth shattering there are EMA indicators all around FF and the web with guppys and squiggly lines, but I want to maintain the 50 EMA as our building block.
I think this may offer an additional visual not offered by our current Dragon 50 ema indicator.
Back through time one of the consistent standards that all PVSRA traders strived to maintain is a clean and uncluttered chart. As a scalper I have seen fit to add a few additional indicators as scalping tools, but still always attempting to maintain our charts somewhat minimalistic.
The bottom chart is the Rainbow which is a work of art but very difficult to trade. I did trade this chart for quite some time but with mixed success but just posted to show all as this is my inspiration for possible change but still remaining true to our profitable PVSRA scalping system.
ALL COMMENTS AND SUGGESTIONS ARE ENCOURAGED......
If we find this is helpful, maybe someone could code a indicator or modify one out there in lieu of adding all of these ema's manually.....
Regards,
Cigarguy
Keep It Simple
- #3,828
- Aug 26, 2016 3:51pm Aug 26, 2016 3:51pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} What is your standard template that you use "no matter what"...regardless of some indicators you add here and there...?
Keep It Simple
- #3,829
- Aug 26, 2016 4:06pm Aug 26, 2016 4:06pm
- | Membership Revoked | Joined Aug 2015 | 1,243 Posts
{quote} The standard PVSRA template posted throughout the thread. I have been playing around with Dragon changes as just a thought for added visual rather then our static Dragon.........
- #3,830
- Aug 27, 2016 6:51am Aug 27, 2016 6:51am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
PVSRA Scalpers,
Hoping to hear from you Guys/Gals in reference to my above Post #3826, suggesting that we either leave our trend indicator AS IS or proceed with testing a MODIFIED version as posted possibly visually providing an added edge....... This thread belongs to ALL and your input is always considered...
Regards,
Cigarguy
Hoping to hear from you Guys/Gals in reference to my above Post #3826, suggesting that we either leave our trend indicator AS IS or proceed with testing a MODIFIED version as posted possibly visually providing an added edge.......
This thread belongs to ALL and your input is always considered...Regards,
Cigarguy
Keep It Simple
- #3,831
- Edited 9:31am Aug 27, 2016 8:49am | Edited 9:31am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Side by side example for all to consider if changes should be considered......Colors are insignificant at this time as for testing purposes .......
Note: When I traded the rainbow some time ago, while it was difficult to recognize entries/exits, it did provide a clear trend and obvious ranging when the rainbow (ema's) tightened providing no trading signals. I see that can also be recognized with the addition of ema's to the currently traded 50 ema as a possible benefit.
Keeping in mind the 50 ema (Dragon) remains the cornerstone of our PVSRA trading for trend recognition and S & R.
Need PVSRA Scalper comments?.....
Note: When I traded the rainbow some time ago, while it was difficult to recognize entries/exits, it did provide a clear trend and obvious ranging when the rainbow (ema's) tightened providing no trading signals. I see that can also be recognized with the addition of ema's to the currently traded 50 ema as a possible benefit.
Keeping in mind the 50 ema (Dragon) remains the cornerstone of our PVSRA trading for trend recognition and S & R.
Need PVSRA Scalper comments?.....
PVSRA Scalpers,
Our current PVSRA Dual Trends Indicator (coded and generously provided by tah) is currently serving us well as indicating the trend for the selected time frame as well as support and resistance. Due to the fact that this indicator is such a key element to our PVSRA scalping system, I have been thinking of possible options to make it even more valuable and providing additional entry/exit signals and confirmations.
Keep It Simple
PVSRA Scalpers, Our current PVSRA Dual Trends Indicator (coded and generously provided by tah) is currently serving us well as indicating the trend for the selected time frame as well as support and resistance. Due to the fact that this indicator is such a key element to our PVSRA scalping system, I have been thinking of possible options to make it even more valuable and providing additional entry/exit signals and confirmations. OK now just a bit of history so you will understand where I'm coming from; A few years ago I traded the beautiful rainbow...
If you've noticed my last few charts I've posted do not have the dual trends indicator. I removed it for clarity reasons. The dragon would sometimes prevent me from entering a trade. For example if we were trending up and price would pierce below the dragon I would wait for it to break back through the dragon and continue trending up. This is great for extra confirmation of trend continuation, but on occasion it would cause me to enter a move much later than I should have (example below).
With that being said. I think I would use the one you created differently than the dragon. I would use it to see if price is flat or trending, and not for entry confirmation.
I like it! Great job Cigarguy!
- #3,833
- Edited 1:24pm Aug 27, 2016 9:50am | Edited 1:24pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} IMO I like the one you created much better than the blue dragon that comes standard with the PVSRA template. I feel like it gives more information than the standard blue dragon. It shows when price is flat by compressing and when price is trending it expands. It also shows direction by flipping colors. If you've noticed my last few charts I've posted do not have the dual trends indicator. I removed it for clarity reasons. The dragon would sometimes prevent me from entering a trade. For example if we were trending up and price would pierce...
Thanks My Friend.....I figured I could count on you for some wise words, examples and suggestions.....
Well the Dragon (50 ema) has been a significant cornerstone to our PVSRA trading, although it has been changed as originally the 34 ema was used and then later TAH re-coded and began using the 50 ema and as staunch PVSRA traders, we all fell inline and accepted the changes.
All during my time of trading the old Sonic R and PVSRA threads, the one indicator that I always felt could be tweaked to offer more
was this Dragon. I remained loyal to the original template as a scalper, but now I feel that we need to gleam every possible advantage we can.
I appreciate your comments and maybe a few here can throw these ema's on a test chart and see if they provide somewhat of an edge during live trading next week. Please continue to comment as time permits....
I am out of my element when it comes to coding and designing systems, indicators and templates. I am most certain many here have that talent and have insight to offer as we are always attempting to improve our system without over complicating and walking that fine line........
Regards,
Cigarguy
Keep It Simple
- #3,834
- Edited 10:52am Aug 27, 2016 10:32am | Edited 10:52am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Test template set up for next week, so we shall see......Again, comments welcomed by ALL........
Oops..forgot to add my hour candles.....OK now......
Oops..forgot to add my hour candles.....OK now......
Keep It Simple
Test template set up for next week, so we shall see......Again, comments welcomed by ALL........
{quote} when I joined the FF at the beginning of my trade.I learn from a thead.using rainbow to trade.I think it's a good thread but he didn't poast any more.Worth to read.or combine rainbow with PVSRA
It's nothing I could ever trade. Mainly because there is to much going on. Cool nonetheless.
- #3,837
- Edited Aug 28, 2016 6:48am Aug 27, 2016 10:39pm | Edited Aug 28, 2016 6:48am
- | Membership Revoked | Joined Aug 2015 | 1,243 Posts
I don't see price bars, the most important information on the chart.Never.
-------
For PVSRA tah took idea from respectful Raghee Horner to use ema34 with envelope(high, close, low) and he named it "dragon". there is no need to use envelope at all. To some that envelope is confirmation for going long or short...
It is never about indicator it is always about trader.
-------
For PVSRA tah took idea from respectful Raghee Horner to use ema34 with envelope(high, close, low) and he named it "dragon". there is no need to use envelope at all. To some that envelope is confirmation for going long or short...
It is never about indicator it is always about trader.
- #3,838
- Edited 7:48am Aug 28, 2016 6:43am | Edited 7:48am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
I traded the rainbow a few years ago back on the old THV thread where I first met TAH and the only trader who had mastered this baby was Miss PIps. A trader by the name of Linuxtroll, as far as I have found through time, was the originator here at FF that went commercial with this indicator and offered training as a scalper for a FEE of course on his commercial site. I later heard through sources, that he was a good coder but even he had difficulty teaching how to scalp this beauty.
I overlaid our PVSRA candle set, regular candles and HA's but still had mixed success.......Although, it sure is pretty to hang on your wall........
Occasionally, I will dust off my rainbow template and play around with it, but still with limited success but it adds nice colors to one of my monitors and with a cup of coffee, keeps me awake......
I overlaid our PVSRA candle set, regular candles and HA's but still had mixed success.......Although, it sure is pretty to hang on your wall........
Occasionally, I will dust off my rainbow template and play around with it, but still with limited success but it adds nice colors to one of my monitors and with a cup of coffee, keeps me awake......
The bottom chart is the Rainbow which is a work of art but very difficult to trade. I did trade this chart for quite some time but with mixed success but just posted to show all as this is my inspiration for possible change but still remaining true to our profitable PVSRA scalping system.
Keep It Simple
- #3,839
- Edited 7:41am Aug 28, 2016 7:01am | Edited 7:41am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
I don't see price bars, the most important information on the chart.Never. {image} ------- For PVSRA tah took idea from respectful Raghee Horner to use ema34 with envelope(high, close, low) and he named it "dragon". there is no need to use envelope at all. To some that envelope is confirmation for going long or short... It is never about indicator it is always about trader.
Your are correct.....
When I first started, I traded Pivots and since have traded about every indicator and thread out there and finally landed on the Sonic R thread that TAH morphed into our current PVSRA system. Like most beginning traders, I had no idea as to what the MM's (Smart Money aka Institutional traders) were up too.
I must give credit where credit is do; And thanks to TAH, regardless of where or how he came up with our PVSRA system, but after much study and practice the light bulb came on for me as my trading greatly improved and I have yet to find a system that offers the insights and benefits that we have with our PVSRA system.
My loyalty to our PVSRA system, for me is not based on any specific coder, thread or trader, but on the fact that IT HELPS TO PROVIDE THE INSIGHT AND INFORMATION THAT WAS ABSENT FROM MY TRADING AND IT WORKS.....
The most important point IMO, is that each trader must find the system that works for them and stick with it and not bounce from system to system .....
I am speaking as a former indicator junkie who is currently in rehab......
Keep It Simple
- #3,840
- Aug 28, 2016 8:09am Aug 28, 2016 8:09am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
ruma29,
I believe that it would be difficult, if not almost impossible, at this time in our FOREX trading history, to find any indicators or systems that are original. Most all that were original during the time FX trading was first offered to Retail Traders, have been modified and tweaked by coders through time.
I personally feel there is no harm in doing such modifications as long as the original coder is respected for their work and given the rightfully earned credit....
Often these mods have been made as traders seeking the Holy Grail indicator or modified to work with MT4 Builds as they are upgraded. IMO, if a trader with coding abilities can modify any indicator or system which benefits the trading community as a whole, then more power to them....
I believe that it would be difficult, if not almost impossible, at this time in our FOREX trading history, to find any indicators or systems that are original. Most all that were original during the time FX trading was first offered to Retail Traders, have been modified and tweaked by coders through time.
I personally feel there is no harm in doing such modifications as long as the original coder is respected for their work and given the rightfully earned credit....
Often these mods have been made as traders seeking the Holy Grail indicator or modified to work with MT4 Builds as they are upgraded. IMO, if a trader with coding abilities can modify any indicator or system which benefits the trading community as a whole, then more power to them....
For PVSRA tah took idea from respectful Raghee Horner to use ema34 with envelope(high, close, low) and he named it "dragon". there is no need to use envelope at all. To some that envelope is confirmation for going long or short...
Keep It Simple