PVSRA Scalping with Cigarguy | Page 197 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

PVSRA (Price, Volume, S&R Analysis) 8,488 replies

PVSRA Scalping EA 1,290 replies

PVSRA Scalping 13 replies

Scalping M5 with PVSRA / 10pips Daily 64 replies

PVSRA Scalping 0 replies

Attachments: PVSRA Scalping with Cigarguy
Exit Attachments

PVSRA Scalping with Cigarguy

  • #3,921
  • Aug 30, 2016 12:55pm Aug 30, 2016 12:55pm
Just an update on my trade just before, I just took a look again and this is what happened after I closed it.
If I have waited a bit more, I would have reached my target! Silly me again!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m1-forex-capital-markets-2.png Size: 52 KB
  • #3,922
  • Aug 30, 2016 1:00pm Aug 30, 2016 1:00pm
Quoting robmagario
Just an update on my trade just before, I just took a look again and this is what happened after I closed it. If I have waited a bit more, I would have reached my target! Silly me again! {image}
rob,

Yep, it's that old coulda, shoulda, woulda as our hindsight is always 20/20......:nerd: Just shake it off and be ready for the next one....
Keep It Simple
  • #3,923
  • Aug 30, 2016 1:38pm Aug 30, 2016 1:38pm
Quoting robmagario
Just an update on my trade just before, I just took a look again and this is what happened after I closed it. If I have waited a bit more, I would have reached my target! Silly me again! {image}
Did you consider to add some more indicators to prevent from early/too early closing ?
  • #3,924
  • Aug 30, 2016 2:45pm Aug 30, 2016 2:45pm
Quoting ruma29
{quote} Did you consider to add some more indicators to prevent from early/too early closing ?
We don't need more indicators..... All who trade PVSRA have all that is needed provided here;

Price, Volume, Support and Resistance traded with our learned analysis.

Cigarguy
Keep It Simple
  • #3,925
  • Aug 30, 2016 3:58pm Aug 30, 2016 3:58pm
Quoting cigarguy
{quote} We don't need more indicators..... All who trade PVSRA have all that is needed provided here; Price, Volume, Support and Resistance traded with our learned analysis. Cigarguy
Right..I think same...I saw MACD on his chart that is why I asked...did not suggest nothing ...not at all...
  • #3,926
  • Aug 30, 2016 6:22pm Aug 30, 2016 6:22pm
Quoting ruma29
{quote} Right..I think same...I saw MACD on his chart that is why I asked...did not suggest nothing ...not at all...
That is each traders option of course; But with our FIFO scalping, decisions often must be made quickly and less can be more.....
Keep It Simple
  • #3,927
  • Edited 7:56pm Aug 30, 2016 7:17pm | Edited 7:56pm
Found some Scalper Specific related material thought may be of interest to some;

Price Action

The first way of finding support and resistance is by using price action. Scalpers should become comfortable with finding swing highs and swing lows on their charts as they are natural areas of support and resistance as are key levels. A swing high is identified as a peak on the graph and a swing low can be pinpointed as a valley. These extremes in price can help us prepare for either a swing or breakout trading opportunity depending on what the chart is displaying.

The swing highs help denote resistance and areas where scalpers may look for opportunities to sell. By connecting the swing lows, we have created an area of support where traders may wish to close existing sell positions, and potentially look for opportunities to buy based on PVSRA confirmation relative to key levels ie., whole, half and quarter numbers.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: The_Definitive_Guide_to_Scalping_Part4_body_Picture_1.png Size: 114 KB
Click to Enlarge Name: The_Definitive_Guide_to_Scalping_Part4_body_Picture_2.png Size: 76 KB
Keep It Simple
  • #3,928
  • Aug 30, 2016 7:23pm Aug 30, 2016 7:23pm
My first FIFO trade +5pips (maybe i got lucky
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY-5pips.png Size: 59 KB
  • #3,929
  • Edited 8:22pm Aug 30, 2016 7:34pm | Edited 8:22pm
Quoting thilord
My first FIFO trade +5pips (maybe i got lucky {image}
thilord,

Welcome and thanks for posting your trade Your posts would be more helpful for all to see and understand if you would show your Trade Levels indicator tag you can customize in your Trade Levels inputs. You can change inputs to show only your pips as that as all we need to know.

Your lot sizes, account percentages and dollar amounts etc, is personal and for you only.

Stay GREEN,
Cigarguy
Keep It Simple
  • #3,930
  • Aug 30, 2016 9:39pm Aug 30, 2016 9:39pm
Quoting ruma29
{quote} Did you consider to add some more indicators to prevent from early/too early closing ?
Ruma,

No, not really. When I reviewed my mistakes I have observed that PA never broke Dragon.
If you look at my trade above, you can see that I got scared because of a very tiny light gray candlestick, and ended up closing the trade.
I think one of the reasons is that it was already late at night here in Hong Kong, so I was impatient and wanted to sleep.
I think the fact that PA never broke Dragon and a series of dark candlesticks were already telling me not to close the trade early.
Rob
  • #3,931
  • Aug 30, 2016 11:07pm Aug 30, 2016 11:07pm
Quoting robmagario
{quote} Ruma, No, not really. When I reviewed my mistakes I have observed that PA never broke Dragon. If you look at my trade above, you can see that I got scared because of a very tiny light gray candlestick, and ended up closing the trade. I think one of the reasons is that it was already late at night here in Hong Kong, so I was impatient and wanted to sleep. I think the fact that PA never broke Dragon and a series of dark candlesticks were already telling me not to close the trade early. Rob
I always say to myself : understand trading first..." and still market makers tricky me...
  • #3,932
  • Aug 30, 2016 11:31pm Aug 30, 2016 11:31pm
Quoting ruma29
{quote} I always say to myself : understand trading first..." and still market makers tricky me...
I have been doing PVSRA for about 5 months now (3 months on demo after that switched to a real account), but sometimes I still make some elementary school kinda mistakes.
But I am glad that we can all learn from each other here on FF.
  • #3,933
  • Aug 31, 2016 1:55am Aug 31, 2016 1:55am
Attached Image (click to enlarge)
Click to Enlarge Name: FF_1.PNG Size: 273 KB
Attached Image (click to enlarge)
Click to Enlarge Name: FF_2.PNG Size: 196 KB
  • #3,934
  • Aug 31, 2016 2:13am Aug 31, 2016 2:13am
Quoting skipper13
{image}{image}
Awesome usage with Fib levels with PVSRA! Well done!
  • #3,935
  • Aug 31, 2016 4:07am Aug 31, 2016 4:07am
Quoting cigarguy
{quote} thilord, Welcome and thanks for posting your trade Your posts would be more helpful for all to see and understand if you would show your Trade Levels indicator tag you can customize in your Trade Levels inputs. You can change inputs to show only your pips as that as all we need to know. Your lot sizes, account percentages and dollar amounts etc, is personal and for you only. Stay GREEN, Cigarguy
As i'm demo trading i'm having no problem sharing my earnings/losses or trade sizes.
I took another trade (not a perfect one) but got some + pips in the basket ... I realize i may not have followed all the rules. All positive critics welcome
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2016-08-31 om 11.03.03.png Size: 58 KB
  • #3,936
  • Aug 31, 2016 4:21am Aug 31, 2016 4:21am
another one +7.2 (exl spread/commissions).... Cigarguy, did i follow the rule this time?
I could have waited longer but i'm happy with my pips.
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2016-08-31 om 11.19.54.png Size: 75 KB
  • #3,937
  • Aug 31, 2016 5:16am Aug 31, 2016 5:16am
Quoting thilord
{quote} As i'm demo trading i'm having no problem sharing my earnings/losses or trade sizes. I took another trade (not a perfect one) but got some + pips in the basket ... I realize i may not have followed all the rules. All positive critics welcome {image}
Hi thilord, may be you also have to take in consideration that you short above the dragon the strongest GBP against one of the weakest, CG could may be confirm this, you also short after a green climax, what was your reasons to entry here ?
There is no way to happiness , happiness is the way.
  • #3,938
  • Aug 31, 2016 5:26am Aug 31, 2016 5:26am
[Quote = robmagario; 9111083] {quote} Ehrfürchtig Nutzung mit Fib Ebenen mit PVSRA! Gut gemacht! [/ Quote]

  • #3,939
  • Aug 31, 2016 7:07am Aug 31, 2016 7:07am
2 trades EG and NU explanation on charts,
green pips all
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ff EG.jpg Size: 1.2 MB
Click to Enlarge Name: nzdusd M1.jpg Size: 636 KB
There is no way to happiness , happiness is the way.
  • #3,940
  • Aug 31, 2016 7:14am Aug 31, 2016 7:14am
EU M1 +4 pips. Explaination on chart.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusdi-m1-31-08-16.png Size: 68 KB
9 traders viewing now