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PVSRA Scalping with Cigarguy

  • #3,881
  • Aug 30, 2016 12:25am Aug 30, 2016 12:25am
Quoting LinFX
Good Morning CigarGuy! Scalps based on Dragon. FIFO trade is awesome! I can see it actually flipped after I closed. Wow... {image}
Nice one LinFX! Although it is not really FIFO but very good trades based on Dragon and resistance areas.
  • #3,882
  • Aug 30, 2016 2:23am Aug 30, 2016 2:23am
Quoting cigarguy
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
I think the new modified dragon looks very promising and could potentially help us all filter out risky trades while improving our edge. Thanks cigarguy for 'thinking outside the box' and developing what is already a great trading method . I agree that this needs testing but I think with the amount of traders here activing using PVSRA to scalp, it won't take long to compare results and get a definitive answer as to which dragon is most beneficial.

The added colour also make the charts a little bit nicer to look at

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyi-m5-30-08-16.png Size: 62 KB
  • #3,883
  • Aug 30, 2016 7:06am Aug 30, 2016 7:06am
Quoting LinFX
Good Morning CigarGuy! Scalps based on Dragon. FIFO trade is awesome! I can see it actually flipped after I closed. Wow... {image}
Good to see you make pips....
Keep It Simple
  • #3,884
  • Aug 30, 2016 7:37am Aug 30, 2016 7:37am
Stalking my pairs UJ & EU and currently see lots of chop MM's whipping and whacking both...........
Keep It Simple
  • #3,885
  • Aug 30, 2016 7:47am Aug 30, 2016 7:47am
UJ M1 FIFO Scalp +13 See chart for explanation...
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-08-30_05-51-42_USDJPYi_M1_.png Size: 54 KB
Keep It Simple
  • #3,886
  • Aug 30, 2016 8:28am Aug 30, 2016 8:28am
PVSRA Scalpers,

With minimal amount of testing, IMO it is for the trader to decide if they see a visual edge using the EMA's vs Dragon. ......I do think the EMA's offer a additional visual with the flattening out (ranging NO TRADE) and a trend change with the TWIST where as the dragon remains static.......we shall see.....

Comments welcomed....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Snapshot2016-08-30_06-27-09_USDJPYi_M5_.png Size: 51 KB
Click to Enlarge Name: 2.png Size: 47 KB
Keep It Simple
  • #3,887
  • Aug 30, 2016 8:45am Aug 30, 2016 8:45am
Quoting cigarguy
PVSRA Scalpers, With minimal amount of testing, IMO it is for the trader to decide if they see a visual edge using the EMA's vs Dragon. ......I do think the EMA's offer a additional visual with the flattening out (ranging NO TRADE) and a trend change with the TWIST where as the dragon remains static.......we shall see..... Comments welcomed.... {image} {image}
Until now what I notice is that I tend to interpret a wide EMA's band as a strong trend... Which is bad maybe since I'm trading 5 and 1min TF...

You are right I think when interpreting it as flat = no trade & twist = possible trend change.

Not sure for now if it can bring more valuable information such as the strength of a trend. Maybe on higher time frame...
  • #3,888
  • Edited 9:08am Aug 30, 2016 8:58am | Edited 9:08am
Quoting thedrrew
{quote} Until now what I notice is that I tend to interpret a wide EMA's band as a strong trend... Which is bad maybe since I'm trading 5 and 1min TF... You are right I think when interpreting it as flat = no trade & twist = possible trend change. Not sure for now if it can bring more valuable information such as the strength of a trend. Maybe on higher time frame...
thedrrew,

Thanks for your input as I am watching M15, M5 and dropping down to M1......

I trade this as well ....Just enough information, sometimes Less Is More........I do find the candles on top of the hour candles to be of help as I often stalk for the new hour candle momentum move...... ...
Attached Image (click to enlarge)
Click to Enlarge Name: 6.png Size: 73 KB
Keep It Simple
  • #3,889
  • Aug 30, 2016 9:14am Aug 30, 2016 9:14am
Quoting Vape
{quote} I think the new modified dragon looks very promising and could potentially help us all filter out risky trades while improving our edge. Thanks cigarguy for 'thinking outside the box' and developing what is already a great trading method . I agree that this needs testing but I think with the amount of traders here activing using PVSRA to scalp, it won't take long to compare results and get a definitive answer as to which dragon is most beneficial. The added colour also make the charts a little bit nicer to look at {image}
Vape,

Thanks for your comments........
Keep It Simple
  • #3,890
  • Aug 30, 2016 9:15am Aug 30, 2016 9:15am
Quoting cigarguy
{quote} thedrrew, Thanks for your input as I am watching M15, M5 and dropping down to M1...... I trade this as well ....Just enough information, sometimes Less Is More........I do find the candles on top of the hour candles to be of help as I often stalk for the new hour candle momentum move...... ... {image}
I don't know how you catch those moves at the beginning of the hour. I have never been good at it...

Do you think it could be more useful(less distracting) to have the dragon on the 1min and the EMA's on higher timeframe ?
  • #3,891
  • Aug 30, 2016 9:16am Aug 30, 2016 9:16am
EURUSD 1M 3 trades +6.6PIPS

1st trade +0.4PIPS
- I predicted we were going towards key level 1.11500, so I went short on this, PA started to go against me and I closed it.

2nd trade +1.1PIPS
- We were too close to key level 1.11500, and price started to go against me, so I closed it.

3rd trade +5.1PIPS
- After 2 consecutive red candlesticks with huge volume, I assumed we were moving away from key level 1.11500, so I went short. Reached my target and closed it.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m1-forex-capital-markets.png Size: 37 KB
  • #3,892
  • Aug 30, 2016 9:18am Aug 30, 2016 9:18am
Quoting thedrrew
{quote} I don't know how you catch those moves at the beginning of the hour. I have never been good at it... Do you think it could be more useful(less distracting) to have the dragon on the 1min and the EMA's on higher timeframe ?
thedrrew,

Possibly, interesting that you mention that, as that is what I am doing as you can see from the 2 M5 charts I posted above......
Keep It Simple
  • #3,893
  • Aug 30, 2016 9:23am Aug 30, 2016 9:23am
Quoting robmagario
EURUSD 1M 3 trades +6.6PIPS 1st trade +0.4PIPS - I predicted we were going towards key level 1.11500, so I went short on this, PA started to go against me and I closed it. 2nd trade +1.1PIPS - We were too close to key level 1.11500, and price started to go against me, so I closed it. 3rd trade +5.1PIPS - After 2 consecutive red candlesticks with huge volume, I assumed we were moving away from key level 1.11500, so I went short. Reached my target and closed it. {image}
rob,

Just in fun, not trading "What You See, but What You Think" got you less pips....."I predicted"....just kidding with you as we all fight that emotion.....
Keep It Simple
  • #3,894
  • Aug 30, 2016 9:31am Aug 30, 2016 9:31am
Quoting thedrrew
{quote} I don't know how you catch those moves at the beginning of the hour. I have never been good at it... Do you think it could be more useful(less distracting) to have the dragon on the 1min and the EMA's on higher timeframe ?
thedrrew,

I have a hour count down timer above my charts that gives me an alarm 5 minutes before the new hour candle forms. Once I get the alarm, I will stalk that pair and observe if PVSRA entry conditions will be confirmed and often catch a nice momentum move ......
Keep It Simple
  • #3,895
  • Aug 30, 2016 9:31am Aug 30, 2016 9:31am
Quoting cigarguy
{quote} rob, Just in fun, not trading "What You See, but What You Think" got you less pips.......just kidding with you as we all fight that emotion.....
Yes, for the 0.4PIPS one, I really don't know what happened to me!
Maybe I got too emotional. If I had just followed the rules, I would have reached my target of 5PIPS on that one as well.
  • #3,896
  • Aug 30, 2016 9:34am Aug 30, 2016 9:34am
Quoting robmagario
{quote} Yes, for the 0.4PIPS one, I really don't know what happened to me! Maybe I got too emotional. If I had just followed the rules, I would have reached my target of 5PIPS on that one as well.
rob,

Don't feel bad My Friend as "Been there and done that"........At least you didn't lose pips as I have in the past.....
Keep It Simple
  • #3,897
  • Aug 30, 2016 9:40am Aug 30, 2016 9:40am
Quoting cigarguy
{quote} thedrrew, I have a hour count down timer above my charts that gives me an alarm 5 minutes before the new hour candle forms. Once I get the alarm, I will stalk that pair and observe if PVSRA entry conditions will be confirmed and often catch a nice momentum move ......
I saw that on your chart. Is that an indicator? I couldn't find the timer in your shared files.
Would you mind to share how i can add that timer on my chart?

Thanks
  • #3,898
  • Aug 30, 2016 9:44am Aug 30, 2016 9:44am
PVSRA Scalpers,

Quick heads up as PA reached and ran through RDH....See Chart.....
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-08-30_07-49-28_USDJPYi_M1_.png Size: 47 KB
Keep It Simple
  • #3,899
  • Aug 30, 2016 9:47am Aug 30, 2016 9:47am
Quoting cigarguy
PVSRA Scalpers, Quick heads up as PA reached and ran through RDH....See Chart..... {image}
is this good or bad? (sorry for these silly comments...just trying to learn & understand)
  • #3,900
  • Aug 30, 2016 10:00am Aug 30, 2016 10:00am
Quoting thilord
{quote} is this good or bad? (sorry for these silly comments...just trying to learn & understand)
thilord,

Not a silly question; Just indicates that PA has reached the RDH (Range Day High) and care should be taken as the ADR (Average Daily Range indicator) indicates PA may be exhausted. The key words in trading always......May Be....for we cannot know what the MM's have in mind but we attempt to gleam some insight with our PVSRA. In addition at this moment, the UJ H1 candle is a spinning top and indicates some indecision and a possible reversal......we shall see and that is why we trade what we see not what we think.......
Keep It Simple
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