long USDJPY @103.31...
PVSRA Scalping with Cigarguy
- #4,062
- Edited 9:04pm Sep 5, 2016 8:40pm | Edited 9:04pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M1 FIFO Scalps +64 Explanation on charts.....M5 23.6% fib retrace then dropped down to M1 for entries.......
Different view on white PVSRA chart with our PVSRA candles for those interested....
Different view on white PVSRA chart with our PVSRA candles for those interested....
Keep It Simple
- #4,064
- Edited 7:32am Sep 6, 2016 7:17am | Edited 7:32am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote}{file} {image}
Thanks
for the indicator and after your previous post I did a bit of reading and although I used this indicator some time ago decided to re-visit its usage.Please keep in mind for anyone using the ADX indicator, it is not showing trends only the STRENGTH of the current UP or DOWN trend in place which can quickly change with retraces and pullbacks. There are trading systems out there based on the ADX that can be useful in a trending market but kill your account during ranging.
As always we continue to follow our PVSRA rules for entry.
For anyone interested. I found these rules at the original traders thread and thought I would post here for ease of use;
Keep It Simple
{quote} us fantasy, Thanks
There is no way to happiness , happiness is the way.
- #4,066
- Sep 6, 2016 7:49am Sep 6, 2016 7:49am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Yes thank you us fantasy and CG for sharing this with us, could be useful and a nice value for our pvsra system, will add tomorow on my charts
Keep It Simple
- #4,067
- Sep 6, 2016 7:50am Sep 6, 2016 7:50am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
PVSRA Scalpers,
We are the PVSRA scalping thread but will remain open minded to helpful tools.
I have a working chart that I will install any indicator onto for testing purposes but only post my clean PVSRA chart and request that all do something similar so that we can focus on our PVSRA trading entries and not be distracted with indicator talk.........
Thanks and Regards,
Cigarguy
We are the PVSRA scalping thread but will remain open minded to helpful tools.
I have a working chart that I will install any indicator onto for testing purposes but only post my clean PVSRA chart and request that all do something similar so that we can focus on our PVSRA trading entries and not be distracted with indicator talk.........
Thanks and Regards,
Cigarguy
Keep It Simple
- #4,068
- Sep 6, 2016 9:08am Sep 6, 2016 9:08am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M1 Risky News Scalp +42 with hindsight left lots on the table but OK with a few quick pips as grabbed some MM momentum......
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- #4,070
- Sep 6, 2016 9:13am Sep 6, 2016 9:13am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
First entry today for me. 3 in a row. 1st 10 pips, 2nd 5.1 pips and last one is 10 pips profit. First entry was taken when i saw stopping volume on top of the market. later take another two. {image}
Nice trades and great to see you back with your nice posts and explanations.........
Keep It Simple
- #4,071
- Edited 9:40am Sep 6, 2016 9:23am | Edited 9:40am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
This really should not be of surprise knowing how the sneaky MM's 
run PA in their phases and conceal it very well as we see this over and over again as they use the news for their catalyst as they make their pre-planned run........
run PA in their phases and conceal it very well as we see this over and over again as they use the news for their catalyst as they make their pre-planned run........ 
Keep It Simple
- #4,073
- Edited 10:30am Sep 6, 2016 10:07am | Edited 10:30am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
usd/jpy scalp +6.4 bounce up before whole number... less then 90 seconds hold on this position. {image}
When you successfully make those quick scalps you have arrived as a scalper by reading your PVSRA charts and quickly taking what the market gives.
PVSRA scalping requires a totally different mind set then position trading ie., understanding PVSRA and it's components as entry confirmation absent fundamentals, news and so called expert commentaries......
Keep It Simple
- #4,074
- Sep 6, 2016 10:13am Sep 6, 2016 10:13am
{quote} gofishin, When you successfully make those quick scalps you have arrived as a scalper by reading your PVSRA charts and quickly taking what the market gives.
- #4,075
- Sep 6, 2016 10:24am Sep 6, 2016 10:24am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M1 CT +26 Discretionary scalp on a retrace back to the 23.6% fib area as profit taking from the MM's run for profits. I didn't annotate the chart but the ADR RmDn was -50...........
Keep It Simple
- #4,076
- Sep 6, 2016 10:43am Sep 6, 2016 10:43am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M1 CT +26 Discretionary scalp on a retrace back to the 23.6% fib area as profit taking from the MM's run for profits. I didn't annotate the chart but the ADR RmDn was -50...........
You decide for yourselves as you can see where PA stopped on this small retrace right at the 23.6% fib...........Of course it can reverse and run up to 38.2% or higher as we cannot know but only trade our charts...What We See, Not What We Think. and Keep It Simple.....
Keep It Simple
- #4,077
- Sep 6, 2016 11:05am Sep 6, 2016 11:05am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
PVSRA Scalpers,
Lots to be seen and learned by watching our charts and trading what we see.......A good exercise for new traders/scalpers is to observe the chart of your choice and notice PA and how it respects S & R areas.
These shown on the chart may seem as only small nuances, but when scalping for quick 5 +/- pips with multiple lots, we as scalpers can gleam PVSRA quick entries making some nice pips.........Only a suggestion to sharpen your scalping skills......
Lots to be seen and learned by watching our charts and trading what we see.......A good exercise for new traders/scalpers is to observe the chart of your choice and notice PA and how it respects S & R areas.
These shown on the chart may seem as only small nuances, but when scalping for quick 5 +/- pips with multiple lots, we as scalpers can gleam PVSRA quick entries making some nice pips.........Only a suggestion to sharpen your scalping skills......
Keep It Simple
- #4,078
- Edited 11:58am Sep 6, 2016 11:22am | Edited 11:58am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M1 FIFO Scalp +44 See chart for explanation and keeping in mind we are gleaming insight from the Institutions and MM's as to their intentions with PVSRA and just grabbing their shirt tails and going along for the ride......We cannot over think a entry but when observed must be traded scalping with the smart money....
Keep It Simple
