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PVSRA Scalping with Cigarguy

  • #3,841
  • Aug 28, 2016 10:44am Aug 28, 2016 10:44am
Morning Cigarguy,

The key to successful trading, in my humble opinion, is clarity. The ability to read the 'road map' that the market is showing, so that there isn't any ambiguity in making a decision to risk one's funds in taking a position.

The nuance which you have proposed, via the multi ma's, gives one the advantage of clearing up the 'fog' that the MM's have a great ability to do and help one to develop patience while waiting for the time to 'sting like a bee.'

For me, when there is too much information on a chart it has a tendency to make me hesitate, just for a moment, and then that moment goes away (along with the market) and a potential opportunity to put some bread in the bread basket.

So, I believe that many will find your proposal to be one that will lead to more success for those who are patient and know how to read their GPS signals to get them where they want to go.

Thanks always for your thoughtful postings and help to others who want to grow their accounts.

WGT
  • #3,842
  • Aug 28, 2016 11:09am Aug 28, 2016 11:09am
Quoting wiseguytrade
Morning Cigarguy, The key to successful trading, in my humble opinion, is clarity. The ability to read the 'road map' that the market is showing, so that there isn't any ambiguity in making a decision to risk one's funds in taking a position. The nuance which you have proposed, via the multi ma's, gives one the advantage of clearing up the 'fog' that the MM's have a great ability to do and help one to develop patience while waiting for the time to 'sting like a bee.' For me, when there is too much information on a chart it has a tendency...
wiseguytrade,

Thanks for your post, as you pretty much nailed with clarity the end result of what I am attempting to accomplish with the testing of my purposed 50 ema changes.......

Not sure if this will give us an edge or not, but only way to know is give it a try......nothing ventured, nothing gained.....

Always striving to Keep It Simple but effective.....

Regards,
Cigarguy
Keep It Simple
  • #3,843
  • Aug 28, 2016 11:33am Aug 28, 2016 11:33am
Cigarguy,

One other thing that you might want to take a look at, add for each opening, i.e. Sydney, Tokyo, London, NY, the opening price, and in doing so, watch what happens with the MA band as the averages approach the different opening prices. It could be another confirmation as to which side of the market you should consider. It is saying, don't get bogged down in what price is doing, but look at the MA bands, that is giving a head's up on direction.

Just a thought to add to the mix.

WGT
  • #3,844
  • Aug 28, 2016 11:43am Aug 28, 2016 11:43am
Quoting wiseguytrade
Cigarguy, One other thing that you might want to take a look at, add for each opening, i.e. Sydney, Tokyo, London, NY, the opening price, and in doing so, watch what happens with the MA band as the averages approach the different opening prices. It could be another confirmation as to which side of the market you should consider. It is saying, don't get bogged down in what price is doing, but look at the MA bands, that is giving a head's up on direction. Just a thought to add to the mix. WGT
wiseguytrade,

Thanks again...as always open minded to suggestions and not afraid of change that's why were here......Walking that fine line of improving our system/charts but not over complicating with worthless clutter.......
Keep It Simple
  • #3,845
  • Aug 28, 2016 11:53am Aug 28, 2016 11:53am
Quoting cigarguy
PVSRA Scalpers, Our current PVSRA Dual Trends Indicator (coded and generously provided by tah)...{image} {image} {image}
cigarguy - Good idea ! It could be helpful into easily identifying ranging market. I remember trading guppy's a while back but ended up removing it as it was not helping me into making more good trades. It made the analysis more complex for me and I like a clean chart.

But something simple like you suggest could be just enough...

I'll see tonight if I can make an indi and template to make it easy to setup a chart. The template will be necessary as well or the candles will be in the shadow of the EMA's.

Have a good day everyone !
  • #3,846
  • Edited 5:28pm Aug 28, 2016 12:55pm | Edited 5:28pm
Quoting thedrrew
{quote} cigarguy - Good idea ! It could be helpful into easily identifying ranging market. I remember trading guppy's a while back but ended up removing it as it was not helping me into making more good trades. It made the analysis more complex for me and I like a clean chart. But something simple like you suggest could be just enough... I'll see tonight if I can make an indi and template to make it easy to setup a chart. The template will be necessary as well or the candles will be in the shadow of the EMA's. Have a good day everyone !
thedrrew,

Nice to hear your opinion as I traded with Daryl Guppy's indicator as well some time ago. I admired his idea but also found it a bit too complicated and more of a clutter to my charts.

Most generous and considerate of you to offer your coding knowledge and time to code this indicator or we can test the simple ema's I posted......

If you decide to code a indicator, we must remember it must be applied 1st. to our charts prior to our PVSRA candle set allowing for the candle set to be on top of the ema indicator. It is of course, the same with our current 50 ema Dragon, as it must be applied prior to the candle set.

It's kind of you to take the time for this experiment and with that said I would like to ask if;

1) Your indicator could be coded with user inputs to add or delete the number of ema's ( due to testing for additions or deletions).

2) Allow for the colors to be a user input allowing good visuals on different colored chart backgrounds.

3) Periods could be a user input allowing for change if found through testing period changes were needed.

Please keep in mind, I started with a 2 period deviation between ema's and exponential close only to get a quick visual to see if this proposed ema change would offer our PVSRA scalping any edge. Only when traded will we know....

We are fortunate to be the beneficiaries of your coding experience and contributions..........

Kindest Regards,
Cigarguy
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 1.png Size: 46 KB
Keep It Simple
  • #3,847
  • Aug 28, 2016 1:08pm Aug 28, 2016 1:08pm
Hi Cigarguy,

Here is a snapshot of a period from last week's USDJPY highlighting when things align it can be awfully good for the home team.

WGT
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiM1.png Size: 67 KB
  • #3,848
  • Aug 28, 2016 1:18pm Aug 28, 2016 1:18pm
Quoting wiseguytrade
Hi Cigarguy, Here is a snapshot of a period from last week's USDJPY highlighting when things align it can be awfully good for the home team. WGT {image}
wiseguytrade,

Wow....I like that chart maybe were on to something with this change....

That visual could not have been seen with our beloved current Dragon that would have remained static not providing us with this nice visual addition and possible entry confirmation...........

I actually see several entry opportunities on your chart that are more obvious and clear with this ema change....
Keep It Simple
  • #3,849
  • Aug 28, 2016 1:22pm Aug 28, 2016 1:22pm
Cigarguy,

That is why I think that being patient and waiting for the MA's to align above or below the 200 and watching for where the different Daily Opens are, can prove to be another arrow in one's quiver to help build the confluence factor in feeling positive about taking a particular trade.

Thanks for the positive feedback.

WGT
  • #3,850
  • Aug 28, 2016 1:31pm Aug 28, 2016 1:31pm
Quoting wiseguytrade
Cigarguy, That is why I think that being patient and waiting for the MA's to align above or below the 200 and watching for where the different Daily Opens are, can prove to be another arrow in one's quiver to help build the confluence factor in feeling positive about taking a particular trade. Thanks for the positive feedback. WGT
The trick or difficult part of any change to a system, is to remain faithful to that systems rules, that has a proven successful track record and still be open to change.....

We always walk a fine line between adding non-consequential clutter vs. profitable positive improvements.....Of course we have the old phrase "If it ain't broke don't fix it", but with trading technology and computer algorithms increasing with lightening speed, we need every edge possible....
Keep It Simple
  • #3,851
  • Aug 28, 2016 1:37pm Aug 28, 2016 1:37pm
Cigarguy,

Ah !! yes, that is the challenge and we get to make that choice every day, for better or worse

Here is another snapshot, and notice the circled areas. Something to contemplate, eh??

WGT
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiM1_2.png Size: 63 KB
  • #3,852
  • Aug 28, 2016 1:43pm Aug 28, 2016 1:43pm
Quoting wiseguytrade
Cigarguy, Ah !! yes, that is the challenge and we get to make that choice every day, for better or worse Here is another snapshot, and notice the circled areas. Something to contemplate, eh?? WGT {image}
wiseguytrade,

Yes looks good and I am excited to give it a try live........But as we all know from experience, it is easy to look and analyze a chart "after the fact" with hind sight, the truth will come while trading.....

As I commented in my first post discussing this possible change, this is nothing new or earth shattering. Guppys, Multiple Moving Average indicators, Rainbows (different versions) and many more moving average indicators have been around forever. I would be pleased if we can just squeeze a bit more information from our Dragon 50 ema indicator with some modification.
Keep It Simple
  • #3,853
  • Aug 28, 2016 4:00pm Aug 28, 2016 4:00pm
Quoting cigarguy
{quote} thedrrew, Nice to hear your opinion as I traded with Daryl Guppy's indicator as well some time ago. I admired his idea but also found it a bit too complicated and more of a clutter to my charts. Most generous and considerate of you to offer your coding knowledge and time to code this indicator or we can test the simple ema's I posted...... {image} {image}
You are right, let's give it a try manually first for maybe a week before making anything.

And if it turn out to be a great addition it'll be a pleasure for me to code it so we can play with it more easily. Maybe more suggestion will come as well.

I wish a green week to all !
  • #3,854
  • Aug 28, 2016 4:36pm Aug 28, 2016 4:36pm
Quoting thedrrew
{quote} You are right, let's give it a try manually first for maybe a week before making anything. And if it turn out to be a great addition it'll be a pleasure for me to code it so we can play with it more easily. Maybe more suggestion will come as well. I wish a green week to all !
thedrrew,

Yes, I think that we should test live first........Thanks again for the offer and if it helps we can discuss later......

Regards,
Cigarguy
Keep It Simple
  • #3,855
  • Aug 28, 2016 7:23pm Aug 28, 2016 7:23pm
UJ 1min +4.3

The open of the day broke with momentum AND the EMA's were on my side...

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY+M1_test.png Size: 50 KB


cigarguy, is this the kind of trade/setup we are looking for ? Or do you think I was too early as the EMA's were not much seperated.... Any insight would be appreciated.
  • #3,856
  • Edited 8:18pm Aug 28, 2016 8:06pm | Edited 8:18pm
Quoting thedrrew
UJ 1min +4.3 The open of the day broke with momentum AND the EMA's were on my side... {image} cigarguy, is this the kind of trade/setup we are looking for ? Or do you think I was too early as the EMA's were not much seperated.... Any insight would be appreciated.
thedrrew,

Looks good to me as you caught the high momentum volume bar and candle and 50 emas and 200 ema all head up....

I have not had time to check my charts yet so you are the 1st with these ema's. If you looked at the M5, you would probably see the red high momentum candle proceeding your entry was a retrace to the 50 ema area and your M1 entry came out of the retrace?.........my charts are not up let me know just curious and additionally would you have taken that trade with our beloved dragon, other words, did you feel confident taking that trade?.....
Keep It Simple
  • #3,857
  • Aug 28, 2016 8:42pm Aug 28, 2016 8:42pm
Quoting cigarguy
{quote} thedrrew, Looks good to me as you caught the high momentum volume bar and candle and 50 emas and 200 ema all head up.... I have not had time to check my charts yet so you are the 1st with these ema's. If you looked at the M5, you would probably see the red high momentum candle proceeding your entry was a retrace to the 50 ema area and your M1 entry came out of the retrace?.........my charts are not up let me know just curious and additionally would you have taken that trade with our beloved dragon, other words, did you feel confident...
There was indeed a red candle on the 5min at the bottom of the retrace right before the move I went in.

Attached Image (click to enlarge)
Click to Enlarge Name: with_EMAs.PNG Size: 83 KB


I felt the move was good for at least a few pips. The dragon was also showing a good angle. I would have most likely took the trade with the dragon and not the EMA's.

Attached Image (click to enlarge)
Click to Enlarge Name: no_EMAs.PNG Size: 88 KB


My only problem is that when I got in the EMA's were not separated. Maybe it was too early and a safer entry would be when they are more expanded...

Time to sleep now
  • #3,858
  • Aug 28, 2016 9:12pm Aug 28, 2016 9:12pm
Quoting thedrrew
{quote} There was indeed a red candle on the 5min at the bottom of the retrace right before the move I went in. {image} I felt the move was good for at least a few pips. The dragon was also showing a good angle. I would have most likely took the trade with the dragon and not the EMA's. {image} My only problem is that when I got in the EMA's were not separated. Maybe it was too early and a safer entry would be when they are more expanded... Time to sleep now
thedrrew,

Thanks for your comments and that's why we need live trading to test and we shall see what this week brings....
Keep It Simple
  • #3,859
  • Aug 29, 2016 7:46am Aug 29, 2016 7:46am
USDCAD PVSRA LONG SCALP OPEN/CLOSE:
Explanation on chart.
13.3 pips average gain.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADiM1 LONG SC 29.8..png Size: 66 KB
PVSRA
  • #3,860
  • Aug 29, 2016 7:48am Aug 29, 2016 7:48am
Quoting Fisher755
USDCAD PVSRA LONG SCALP OPEN/CLOSE: Explanation on chart. 13.3 pips average gain. {image}
Fisher755,

Good to see you here........Nice trade as always.....
Keep It Simple
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