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PVSRA Scalping with Cigarguy

  • #3,961
  • Aug 31, 2016 12:31pm Aug 31, 2016 12:31pm
EU Comment;

IMO You may want to use caution if considering trades as it appears the sneaky MM's may be running some Pumps N Dumps above the 1.11500 key level which is consistent with their sometimes appearing as Bulls but building for shorts and grabbing stops.

If this is the case, there can be much ranging just above this key level until they make their intended move....We cannot know for sure, but just an observation from history as they are masters at disguising their intentions which are more apparent on the higher t/f's......
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Keep It Simple
  • #3,962
  • Aug 31, 2016 8:50pm Aug 31, 2016 8:50pm
UJ +3.3

First trade I got stopped out at BE.
Second trade I exited because I wasn't seeing much momentum after entry.

I sometimes find myself zoomed in on the 1 minute time frame and forget to zoom out to see the bigger picture. Something I need to work on. I probably would have held that first trade had I zoomed out.

O well... Pips are pips PVSRA results speak for themselves. 88% win rate. My confidence is building. I need to work on taking more trades (quality trades of course).

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  • #3,963
  • Aug 31, 2016 9:15pm Aug 31, 2016 9:15pm
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EJ and UJ + 7 and + 8. Same setups for both, downtrend + good momentum + volume + break out of the asian channel and finally retest of the quarter level.
  • #3,964
  • Aug 31, 2016 9:16pm Aug 31, 2016 9:16pm
Quoting lKeithStone
UJ +3.3 First trade I got stopped out at BE. Second trade I exited because I wasn't seeing much momentum after entry. I sometimes find myself zoomed in on the 1 minute time frame and forget to zoom out to see the bigger picture. Something I need to work on. I probably would have held that first trade had I zoomed out. O well... Pips are pips PVSRA results speak for themselves. 88% win rate. My confidence is building. I need to work on taking more trades (quality trades of course). {image} {image}
  • #3,965
  • Aug 31, 2016 9:21pm Aug 31, 2016 9:21pm
Quoting Stellan
{quote}
Nice trades Stellan! Great entries!
  • #3,966
  • Aug 31, 2016 9:37pm Aug 31, 2016 9:37pm
Quoting lKeithStone
{quote} Nice trades Stellan! Great entries!


Was about to close my MT4 but this one was too good to pass by.

GBPUSD for + 3.

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Strong resistance on the left + rejection at the half-level, so took a quick short.
  • #3,967
  • Aug 31, 2016 9:48pm Aug 31, 2016 9:48pm
Quoting lKeithStone
UJ +3.3 First trade I got stopped out at BE. Second trade I exited because I wasn't seeing much momentum after entry. I sometimes find myself zoomed in on the 1 minute time frame and forget to zoom out to see the bigger picture. Something I need to work on. I probably would have held that first trade had I zoomed out. O well... Pips are pips PVSRA results speak for themselves. 88% win rate. My confidence is building. I need to work on taking more trades (quality trades of course). {image} {image}
Hi Lkeithstone, nice trades, first is an nice entry but you got stopped at be how did you managed your be, is it an auto be after x pip ?
Is this report with profit and pips from your broker or could it be done with mt4 account as well ? thanks
Stay green ^^
There is no way to happiness , happiness is the way.
  • #3,968
  • Aug 31, 2016 10:05pm Aug 31, 2016 10:05pm
Quoting lKeithStone
UJ +3.3 First trade I got stopped out at BE. Second trade I exited because I wasn't seeing much momentum after entry. I sometimes find myself zoomed in on the 1 minute time frame and forget to zoom out to see the bigger picture. Something I need to work on. I probably would have held that first trade had I zoomed out. O well... Pips are pips PVSRA results speak for themselves. 88% win rate. My confidence is building. I need to work on taking more trades (quality trades of course). {image} {image}
one more question could you tell me how to display this level's number ? tried some setting in the acces panel from pvsra but seems not to allowed this display...
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There is no way to happiness , happiness is the way.
  • #3,969
  • Edited 11:28pm Aug 31, 2016 11:14pm | Edited 11:28pm
Quoting Ockham
{quote} Hi Lkeithstone, nice trades, first is an nice entry but you got stopped at be how did you managed your be, is it an auto be after x pip ? Is this report with profit and pips from your broker or could it be done with mt4 account as well ? thanks Stay green ^^
Thanks Ockham. No, it is not an auto BE. I manually moved my stop to BE when I felt like price had enough room to either run or stop me out. Looking back I should have waited a tad longer before moving to BE. I do have a trade manager that will auto move my stop to BE, but I haven't used it for quite a while.

The report is from here at ForexFactory. I have a private Trade Explorer that I created. You can create one and link it to your Broker account.

Quoting Ockham
{quote} one more question could you tell me how to display this level's number ? tried some setting in the acces panel from pvsra but seems not to allowed this display... {image}
I do not use the levels that come with the PVSRA template (I turned them off). I use the attached indicator. I like how it shows the price, plus I had a problem with the PVSRA levels disappearing on my tick charts.

Attached File(s)
File Type: mq4 SweetSpotsGOLD_TRO_MODIFIED_VERSION.mq4   6 KB | 361 downloads
  • #3,970
  • Aug 31, 2016 11:16pm Aug 31, 2016 11:16pm
As we could also learn about bad trade with false analyse, UJ explanation on charts, even in demo mode i will take a break after missing the first daily trade, will come back for london open
green day all ^^
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There is no way to happiness , happiness is the way.
  • #3,971
  • Aug 31, 2016 11:22pm Aug 31, 2016 11:22pm
Quoting lKeithStone
{quote} Thanks Ockham. No, it is not an auto BE. I manually moved my stop to BE even when I felt like price had enough room to either run or stop me out. Looking back I should have waited a tad longer before moving to BE. I do have a trade manager that will auto move my stop to BE, but I haven't used it for quite a while. The report is from here at ForexFactory. I have a private Trade Explorer that I created. You can create one and link it to your Broker account. {quote} I do not use the levels that come with the PVSRA template (I turned them off)....
Sweet buddy thanks it's perfect, as i m not used to forex level this will bring them more to my attention
There is no way to happiness , happiness is the way.
  • #3,972
  • Aug 31, 2016 11:36pm Aug 31, 2016 11:36pm
hello

what is yours average daily pip target ?
email me : pipspro88@gmail
  • #3,973
  • Aug 31, 2016 11:59pm Aug 31, 2016 11:59pm
Quoting zefx
hello what is yours average daily pip target ?
Hi Zefx, interesting question i'm curious as well to know others mm, for my part as i'm still studying pvsra, my maximum loosing pips are 10pips/days and my target is +12pips by day so one day loose can be BE in another trading day.
I use SL -6pips and tp +4pips so i need 3 winning trades in arrow by day, but never allowed 2 full loosing trade by day in arrow, with +80% trade success i think is an good start point.
Cheers
There is no way to happiness , happiness is the way.
  • #3,974
  • Sep 1, 2016 12:54am Sep 1, 2016 12:54am
Quoting zefx
hello what is yours average daily pip target ?
I don't have one personally and i think it would be detrimental for me. I'm trying to get the discipline locked down by taking only high probability trades that have been working over and over again for me (PVSRA level + S/R on the higher TF and if there is volume and momentum are big bonuses). I think that if i set myself a target of pips or trade i would deviate from the a+ setups. Take good trades and the money will follow or something like that.
That's why somedays i post 6-7 trades and somedays 1 or 2.

Also just wanted to say that the slow months of summer are now officially over! September is here, and let's hope that with it comes a lot of volatility
  • #3,975
  • Sep 1, 2016 2:11am Sep 1, 2016 2:11am
USDJPY M1 +16PIPS

Reasons for going LONG
- PA approached key level 103.250 so I assumed it would eventually bounce back to Dragon
- I entered the first trade and it started to go against me, but then I got a huge green candlestick with high volume that broke just below key level 103.250, so that meant it had a good potential to bounce back to Dragon so I added one more trade.
- Then it happened again that I got another huge green candlestick with high volume that broke just below key level 103.250 again, so I added one more trade, so total of 3 trades
- Reached my target and exited.
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  • #3,976
  • Sep 1, 2016 2:24am Sep 1, 2016 2:24am
Quoting Ockham
As we could also learn about bad trade with false analyse, UJ explanation on charts, even in demo mode i will take a break after missing the first daily trade, will come back for london open green day all ^^ {image}
On your chart, you wrote "GBP stronger than JPY" , but you were trading USDJPY.
  • #3,977
  • Sep 1, 2016 2:34am Sep 1, 2016 2:34am
Quoting robmagario
{quote} On your chart, you wrote "GBP stronger than JPY" , but you were trading USDJPY.
ahah my bad, i m using a pgotoshop psd model and seems i forget to change this and nice trade Rob
There is no way to happiness , happiness is the way.
  • #3,978
  • Sep 1, 2016 2:39am Sep 1, 2016 2:39am
Quoting skipper13
{image}
As you wrote, the first entry was wrong since there was no strong confirmation. But I understand why you entered, you probably saw that Dragon was moving up and after a retracement you got two consecutive light gray candlesticks and you entered on the second one. But if you look back, you can see that the previous bullish move had already reached 1.31585 in a very short period of time, so I think I wouldn't have entered long.
  • #3,979
  • Sep 1, 2016 2:44am Sep 1, 2016 2:44am
Quoting cigarguy
For those new to Fibo trading as shown on skipper13's chart; They work well with PVSRA as S & R and just illustrating that different visuals and t/f's can be helpful in identifying PVSRA entries..... {image} {image}
It is really amazing how PA really seems to respect 61.8%.
If Fibonacci were alive today, I guess he would probably be trading with us here on FF.
  • #3,980
  • Sep 1, 2016 2:55am Sep 1, 2016 2:55am
I'm back in London session after this first medium analyse this morning.
Found some strong NZD GBP and weak Euro and JPY, so i monitoring all this charts waiting some retracements (fibo-dragon or EMA 200), feel more confortable with this system every day will jump in ocean soon !

quick explanation on charts.
stay green all ^^
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There is no way to happiness , happiness is the way.
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