{quote} Oli.S, Welcome....Very nice trade, chart and explanation you obviously have a good understanding of our PVSRA scalping system from reading your explanation and looking forward to your continued contributions....
PVSRA Scalping with Cigarguy
- #4,202
- Sep 9, 2016 8:39am Sep 9, 2016 8:39am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ PA pretty much as expected at this level on Friday....
Keep It Simple
- #4,204
- Sep 9, 2016 9:07am Sep 9, 2016 9:07am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Friday's trade.Was busy all day. {image}
Keep It Simple
- #4,205
- Sep 9, 2016 9:16am Sep 9, 2016 9:16am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M1 +26 High Risk FIFO Scalp....Entered long on PA bounce from 200 ema with a long candle wick and notable volume but this type of scalp not recommended as in this trade for seconds almost as a tick scalp.........
Keep It Simple
- #4,207
- Sep 9, 2016 9:51am Sep 9, 2016 9:51am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Hello everyone. Managed some pips on UJ. Explanation on chart. {image}
Welcome to our PVSRA scalping thread and good start with this trade.........
I think you have the white candles and other indicators on your black chart.. you may want to check this out......
Keep It Simple
- #4,208
- Sep 9, 2016 10:13am Sep 9, 2016 10:13am
Hey guys,Im newbie and still learning,this is my first picture fell free to comment. Thank you Cigar guy for this awesome thread and all you who help this thread to be useful and profitabile as it is..
I entered the first two after the breakout of RDH and 50% fibos, I was kind of late I know,but still
The second two trades I waited for retrace to 50% fibos and then i hit it again.. + the strenght of the of USD against AUD.. I know I could wait and close it with even more profit,since i dont catch only 5+ pips I wait for more sometimes but I was in rush... Feel free to comment and to point me to mistakes!! Thank you!!
I entered the first two after the breakout of RDH and 50% fibos, I was kind of late I know,but still
The second two trades I waited for retrace to 50% fibos and then i hit it again.. + the strenght of the of USD against AUD.. I know I could wait and close it with even more profit,since i dont catch only 5+ pips I wait for more sometimes but I was in rush... Feel free to comment and to point me to mistakes!! Thank you!!
- #4,209
- Sep 9, 2016 10:26am Sep 9, 2016 10:26am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Hey guys,Im newbie and still learning,this is my first picture fell free to comment. Thank you Cigar guy for this awesome thread and all you who help this thread to be useful and profitabile as it is.. I entered the first two after the breakout of RDH and 50% fibos, I was kind of late I know,but still
Welcome....You caught the bearish momentum and fib retrace a little risky at this RDL level but it worked .....
Keep It Simple
- #4,210
- Sep 9, 2016 10:45am Sep 9, 2016 10:45am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
I'm done for the week and Many GREEN pips for all next week as Keeping It Simple......
Regards,
Cigarguy
Regards,
Cigarguy
Keep It Simple
- #4,214
- Sep 10, 2016 4:52am Sep 10, 2016 4:52am
I'm done for the week and Many GREEN pips for all next week as Keeping It Simple......
Kind regards
- #4,216
- Sep 10, 2016 7:54am Sep 10, 2016 7:54am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} What RWH,RDH,RDL and RWL means?It' uses also. Kind regards
RWH = Range Week High RWL - Range Week Low RDH = Range Day High RDL = Range Day Low
Yes we use as areas for S & R and to watch for PA exhaustion for possible retrace...
Keep It Simple
- #4,217
- Edited 9:11am Sep 10, 2016 8:36am | Edited 9:11am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Anyone use Murrey Math lines.Maybe it can be useful for our trading. https://www.youtube.com/watch?v=lIZX...ature=youtu.be {file} {file}
This is a PVSRA Scalping thread not Murrey Math and those should be traded on a MM thread NOT HERE.......
I used the Murrey Math a few years ago and found to trade the MML's correctly the trader should use a complete Murrey Math system. Our PVSRA charts with key levels, PVSRA candles and volume bars is all that is needed offering a cleaner less complicated chart and much easier to trade. (especially for new traders)
There are 100's of indicators and systems all over FF and the net but we chose to trade PVSRA which offers insight as to what the sneaky MM's
intentions are and trade with their MOMENTUM and the Smart Money. Our system is the only one that I personally have found that allows small retail traders the opportunity to trade WITH the BANKS and Smart money and take the ride with their momentum trades......
If a trader decides to trade the Murrey Math system or any other, of course that is their choice, but I do not want to see charts posted here with additional indicators on our templates which will confuse those dedicated to learning and becoming proficient with our PVSRA system.
Each trader should learn one system of their choice and stick with it and not jump from system to system which will become confusing and they will never become proficient with any....
Regards,
Cigarguy
Keep It Simple
- #4,218
- Sep 10, 2016 1:33pm Sep 10, 2016 1:33pm
{quote} saad007, This is a PVSRA Scalping thread not Murrey Math and those should be traded on a MM thread NOT HERE.......
Next week i'll be starting to post all my trades.
- #4,219
- Sep 10, 2016 1:59pm Sep 10, 2016 1:59pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} I've watched the Murrey Math video and it's still GUESSWORK. I totally agree with CigarGuy. Although i'm not trading longtime with PVSRA (so far i'm really satisfied with this system), i still think that it gives us (small retail traders) the opportunity to trade with the market makers. I have also tried a dozens of indicators and so far PVSRA has been working the best. I know i should post more charts
Looking forward to your contributions.....
Keep It Simple
