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PVSRA Scalping with Cigarguy

  • #3,981
  • Sep 1, 2016 2:57am Sep 1, 2016 2:57am
Quoting robmagario
{quote} 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.
Completely agree with you, if we have patience to wait this fibo retracement not counter trade but with the trade with strongest pairs against weakest i'm pretty sure we can increase drastically our win %
There is no way to happiness , happiness is the way.
  • #3,982
  • Sep 1, 2016 3:13am Sep 1, 2016 3:13am
USDJPY 1M +5PIPS

Reasons for going SHORT

- This is my favorite style of trading. First, waited until the very last minute of this H1 candlestick (at first I looked at H1) and saw that on M1 there were 3 huge green candlesticks trying to break key level 103.500 and as a matter of fact, they did but they moved too much away from that level, and it was just in the moment that the next hourly candlestick was about to start
- So, I took a look at M15 and I saw that that was already the top level and I saw a series of double shoulders that would stop at this level (103.583) so that was exactly where I went short expecting that it would at least go down to my target of 5PIPS.
- Got my target and exited
Attached Image (click to enlarge)
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  • #3,983
  • Sep 1, 2016 3:20am Sep 1, 2016 3:20am
Quoting Ockham
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 ^^ {image}
Ockham, awesome, I think the London session today looks very promising!
  • #3,984
  • Sep 1, 2016 6:27am Sep 1, 2016 6:27am
Quoting robmagario
USDJPY 1M +5PIPS Reasons for going SHORT - This is my favorite style of trading. First, waited until the very last minute of this H1 candlestick (at first I looked at H1) and saw that on M1 there were 3 huge green candlesticks trying to break key level 103.500 and as a matter of fact, they did but they moved too much away from that level, and it was just in the moment that the next hourly candlestick was about to start - So, I took a look at M15 and I saw that that was already the top level and I saw a series of double shoulders that would stop...
Awesome trade rob! I think I still have a bit more practice before I will be entering trades like that! Amazing to see though! Great job!

All the best for the US session!
  • #3,985
  • Sep 1, 2016 6:28am Sep 1, 2016 6:28am
Hello......All .... I just got here for NY and see Guys/Gals have been banking some nice + pips ......Congrats.....I hope you saved me a few and we can continue through NYO......

Cigarguy
Keep It Simple
  • #3,986
  • Sep 1, 2016 6:34am Sep 1, 2016 6:34am
Quoting robmagario
USDJPY 1M +5PIPS Reasons for going SHORT - This is my favorite style of trading. First, waited until the very last minute of this H1 candlestick (at first I looked at H1) and saw that on M1 there were 3 huge green candlesticks trying to break key level 103.500 and as a matter of fact, they did but they moved too much away from that level, and it was just in the moment that the next hourly candlestick was about to start - So, I took a look at M15 and I saw that that was already the top level and I saw a series of double shoulders that would stop...
rob,

Good job watching for the NEW HOUR CANDLE to see if their is nice momentum as well as your multiple t/f observations.........I have commented on this many times and good to see its helping.....
Keep It Simple
  • #3,987
  • Sep 1, 2016 6:44am Sep 1, 2016 6:44am
A QUICK look at our MADdash CM to see pairs worth stalking for possible PVSRA entries.....Remember this has a short shelf life....and is dynamically changing......

For any who have not installed from my Post #219..........IMO it is a good idea to keep it on a M1 blank chart and refer to it for Strength vs Weak currencies to WATCH but remember this is not giving BUY/SELL signals or any trade signal....ONLY A HEADS UP as to currency strength....
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_422 Sep. 01 04.50.jpg Size: 208 KB
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  • #3,988
  • Sep 1, 2016 7:39am Sep 1, 2016 7:39am
EU M1 FIFO Scalp +38 Explanation on chart had a small DD but stayed with this one as commented......Used HA's on this one just to mix it up a bit with a different visual......
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-09-01_05-40-34_EURUSDi_M1_.png Size: 51 KB
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  • #3,989
  • Sep 1, 2016 7:45am Sep 1, 2016 7:45am
Small pre news trade for me. +2.1 pips.

High volume break of 750 level. Entered on the break of this high volume candle. The EMAs had also just come out of a congested period. Was expecting to use the momentum coming up to the news to get in a few quick pips. Took longer than I would have liked, especially around news time so got out with my 2 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-09-01_21-30-40_USDJPY_M1_.jpg Size: 281 KB


Green pips all!
  • #3,990
  • Sep 1, 2016 8:13am Sep 1, 2016 8:13am
Quoting cigarguy
EU M1 FIFO Scalp +38 Explanation on chart had a small DD but stayed with this one as commented......Used HA's on this one just to mix it up a bit with a different visual...... {image}
Hi CG, yep with Rob we let you some nice trade with green pips

Could you give the name of your time's bar indicator ? as you can see mine have a legend in the upper left corner and cannot be modified (name:time bar indicator) so little bit difficult to see spread variations ! thanks and enjoy NY session ^^
Attached Image(s) (click to enlarge)
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There is no way to happiness , happiness is the way.
  • #3,991
  • Sep 1, 2016 8:15am Sep 1, 2016 8:15am
EU M1 -3 pips. Explaination on chart.

Attached Image (click to enlarge)
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  • #3,992
  • Sep 1, 2016 8:22am Sep 1, 2016 8:22am
Quoting Ockham
{quote} Hi CG, yep with Rob we let you some nice trade with green pips Could you give the name of your time's bar indicator ? as you can see mine have a legend in the upper left corner and cannot be modified (name:time bar indicator) so little bit difficult to see spread variations ! thanks and enjoy NY session ^^ {image} {image}
Ockham,

Sure, that is the candle clock I used long ago on the old THV thread where I started trading with TAH before Sonic R and PVSRA. I only mentioned because lots of history with some of these old indies that still work today with our new MT4 Builds..........Here you go.....

Enjoy
Attached File(s)
File Type: ex4 THV3 CandleClock.ex4   5 KB | 588 downloads
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  • #3,993
  • Sep 1, 2016 8:24am Sep 1, 2016 8:24am
My second FIFO trade. Explanation on chart.
Many green pips to you all!
Attached Image (click to enlarge)
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  • #3,994
  • Sep 1, 2016 8:30am Sep 1, 2016 8:30am
EU M1 FIFO Scalp +65 Explanation on chart......Sorry, as don't mean to confuse but having some fun today trading PVSRA and HA candles........
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-09-01_06-28-17_EURUSDi_M1_.png Size: 51 KB
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  • #3,995
  • Sep 1, 2016 8:36am Sep 1, 2016 8:36am
Quoting fguru
My second FIFO trade. Explanation on chart. Many green pips to you all! {image}
fguru,

Nice 2nd trade and explanation.....Appreciate your contributions as your PVSRA charts are set up nicely after a few growing pains..........
Keep It Simple
  • #3,996
  • Sep 1, 2016 8:38am Sep 1, 2016 8:38am
Quoting cigarguy
EU M1 FIFO Scalp +65 Explanation on chart......Having some fun today trading PVSRA and HA candles........ {image}
Great trade!! I was about to enter at the very same time but then was too afraid to pull the trigger lol.

Quote
fguru,

Nice 2nd trade and explanation.....Appreciate your contributions as your PVSRA charts are set up nicely after a few growing pains..........

Thank you so much
  • #3,997
  • Sep 1, 2016 8:45am Sep 1, 2016 8:45am
Quoting fguru
{quote} Great trade!! I was about to enter at the very same time but then was too afraid to pull the trigger lol. {quote} Thank you so much
fguru,

Probably good that you did not enter if you have a close hard stop as most likely hit... I only set a hard stop to around 20 pips as an emergency stop and mostly use mental stops.......BUT DO NOT recommend for new traders as too risky and safer with hard stop or close at BE.....
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  • #3,998
  • Sep 1, 2016 8:50am Sep 1, 2016 8:50am
I have a mental stop too, but I agree it's risky to not use a hard SL. "Vape" entered at the same time like you and was taken out.
  • #3,999
  • Sep 1, 2016 9:14am Sep 1, 2016 9:14am
Quoting fguru
I have a mental stop too, but I agree it's risky to not use a hard SL. "Vape" entered at the same time like you and was taken out.
Yes, stops can be a double edged sword....but safer to error on the side of safety and capital preservation....many good trades just around the corner..
Keep It Simple
  • #4,000
  • Edited 9:40am Sep 1, 2016 9:18am | Edited 9:40am
I was away from my charts and missed this one.......But that's what I call good NEW HOUR CANDLE momentum.....Although I traded HA's still consistent with PVSRA entries as candles as Traders choice..........
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-09-01_07-24-40_USDJPYi_M1_.png Size: 47 KB
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