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PVSRA Scalping with Cigarguy

  • #4,281
  • Sep 13, 2016 10:59pm Sep 13, 2016 10:59pm
UJ M1 +8 Quick little FIFO Scalp from retrace to ASH and 200 ema as short term support..very low volume/momentum but not hard to snipe a few pips...

So far Asia gave up +38 with a few small scalps but lots of fun riding along on the Market Maker Express.....
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  • #4,282
  • Sep 14, 2016 3:46am Sep 14, 2016 3:46am
USDJPY M1 +6.7 pips

After a retrace to the Dragon (50 MA) and close to the 200MA, i entered the trade. I wish i stayed longer but not feeling guilty
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  • #4,283
  • Sep 14, 2016 4:13am Sep 14, 2016 4:13am
EURUSD M1 +14.4pips

I saw a decrease in volume and entered right below the Dragon. I got the trade against me BUT right above the Dragon i saw the volume going up and the sellers were in control at that moment.
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  • #4,284
  • Sep 14, 2016 8:14am Sep 14, 2016 8:14am
UJ M1 FIFO Scalp +35 See chart....Good Morning.....The way I like to start my day as I warm up my pip machine......

Note: A friendly reminder to always LOOK LEFT to observe how strong your support and resistance really is....
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  • #4,285
  • Sep 14, 2016 8:15am Sep 14, 2016 8:15am
Quoting thilord
EURUSD M1 +14.4pips I saw a decrease in volume and entered right below the Dragon. I got the trade against me BUT right above the Dragon i saw the volume going up and the sellers were in control at that moment. {image}
thilord,

Nice trades....
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  • #4,286
  • Sep 14, 2016 8:31am Sep 14, 2016 8:31am
USDJPY M1 +5PIPS

Reasons for entering LONG
- PA being traded above Dragon and 200EMA
- Dragon was going up and I liked the inclination
- Entered just on a huge green candlestick with high volume that had just broken the previous high (the one that was also a green candlestick by the way). That for me confirmed that the move would continue to be bullish
- As we moved away from key support level 102.750, I assumed we were going towards 103.000.

Got my target and exited.
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  • #4,287
  • Edited 9:11am Sep 14, 2016 9:01am | Edited 9:11am
GU M1 FIFO Scalp +23 MADdash CSM gave me a heads up to stalk this one which I normally don't trade and got their late but
caught some of the Bearish momentum and added to my shorts quickly on the way down.......My trigger finger is tired from that one.......

NOTE: For those of you who have not uploaded the MADdash CSM you might want to as it gives some nice heads up for pairs to stalk...it has pointed me in the right direction many times.....case in point right here as I would have missed this trade if not for this CSM..... Today +58 pips from CSM Heads UP.......
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  • #4,288
  • Sep 14, 2016 9:16am Sep 14, 2016 9:16am
In the paper clip and post #4015....Enjoy...... Remember it gives nice heads up for pairs to stalk not PVSRA BUY/SELL SIGNALS, PVSRA analysis still should be considered....
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  • #4,289
  • Sep 14, 2016 10:40am Sep 14, 2016 10:40am
Hello Great Scalpers,

First, i want to appreciate Cigarguy for the creation of this thread and other great scalpers in the house fpr their contribution so far,

I started my scalping journey yesterday by reading through the thread and demo trading trading, so far, it has been really great.

I need answers to clarify some few things though.

 

  1. As per Cigarguy's rule, i don't use any Stop Loss, though, i use the Ea to set hard stop of 30 pips should in case. Few of my trades do move like 10-15 pips against me before finally hitting my Take Profit of 5 pips, I want to know if it is acceptable?
  2. Is it o.k to risk 5% of capital or is it to much for a newbie scalper?
  3. i normally set TP of 5pips for all pairs (i look at 5 pairs only), is it ok to set TP of 10 pips for jpy pairs (UJ,EJ,AJ)...... Thanks


I notice i risk more than my preferred 5% per trade at times, i guess i need to work on my self discipline...

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  • #4,290
  • Sep 14, 2016 11:01am Sep 14, 2016 11:01am
GU M1 FIFO Scalp +8 Quick good MM momentum snipe for a few small pips...
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  • #4,291
  • Sep 14, 2016 11:04am Sep 14, 2016 11:04am
EURUSD M1 +5PIPS

Reasons for entering LONG
- whole trend was bulling
- Dragon was moving up, inclination was good
- Waited until PA retraced back to Dragon, and entered on high volume
- PA trading above 200MA
Closed after 1 minute and 15 seconds. FIFO!
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  • #4,292
  • Sep 14, 2016 11:09am Sep 14, 2016 11:09am
Quoting edd1e
Hello Great Scalpers, First, i want to appreciate Cigarguy for the creation of this thread and other great scalpers in the house fpr their contribution so far, I started my scalping journey yesterday by reading through the thread and demo trading trading, so far, it has been really great. I need answers to clarify some few things though. As per Cigarguy's rule, i don't use any Stop Loss, though, i use the Ea to set hard stop of 30 pips should in case. Few of my trades do move like 10-15 pips against me before finally hitting my Take Profit...
eddie,

Welcome.... To be clear I personally do set a emergency stop of approximately 20 pips in case of hardware or connection failure. All of your other questions are answered only by YOU as each trader, from experience must decide what works for them.

I can only offer a successful PVSRA system and the tools to make it work but you must decide your own RR etc., based on your account size and your pain threshold.... I will never suggest to any trader how to trade their account only help with learning PVSRA.

Stay GREEN,
Cigarguy
Keep It Simple
  • #4,293
  • Sep 14, 2016 11:10am Sep 14, 2016 11:10am
Quoting robmagario
EURUSD M1 +5PIPS Reasons for entering LONG - whole trend was bulling - Dragon was moving up, inclination was good - Waited until PA retraced back to Dragon, and entered on high volume - PA trading above 200MA Closed after 1 minute and 15 seconds. FIFO! {image}
rob,

Used your patience and grabbed some nice momentum......
Keep It Simple
  • #4,294
  • Sep 14, 2016 11:18am Sep 14, 2016 11:18am
Quoting cigarguy
{quote} rob, Used your patience and grabbed some nice momentum......
Thanks Cigarguy! And right after I closed it, PA started to go against me! That's why it is good to set TP always!
  • #4,295
  • Edited 11:34am Sep 14, 2016 11:21am | Edited 11:34am
Quoting robmagario
{quote} Thanks Cigarguy! And right after I closed it, PA started to go against me! That's why it is good to set TP always!
rob,

You got that right and a emergency stop as well....
Keep It Simple
  • #4,296
  • Sep 14, 2016 11:39am Sep 14, 2016 11:39am
Quoting cigarguy
{quote} eddie, Welcome.... To be clear I personally do set a emergency stop of approximately 20 pips in case of hardware or connection failure. All of your other questions are answered only by YOU as each trader, from experience must decide what works for them. I can only offer a successful PVSRA system and the tools to make it work but you must decide your own RR etc., based on your account size and your pain threshold.... I will never suggest to any trader how to trade their account only help with learning PVSRA. Stay GREEN, Cigarguy...
Thanks man, I really appreciate...
  • #4,297
  • Sep 14, 2016 11:41am Sep 14, 2016 11:41am
Quoting edd1e
{quote} Thanks man, I really appreciate...
Keep It Simple
  • #4,298
  • Sep 14, 2016 12:26pm Sep 14, 2016 12:26pm
GU +56 This was a complicated trade based on PVSRA with multiple DD's but GBP strength....Not PVSRA text book for sure but lots of screen time....
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  • #4,299
  • Sep 14, 2016 12:46pm Sep 14, 2016 12:46pm
So I went short where the red arrow is, however my broker refused to accept my short order (this happens sometimes) and price went up a few pips so I thought maybe it was actually good and I should stay out... See what happened then, crazy right?!
Reasons to go short: Volume increase before price hit the Daily Open, the 200 MA and the half level. Volume pin bar... I knew it would go down, thats why I hit the trigger.

I had a loss this morning, UJ hit my emergency SL. I entered 3 bars too late.
It was the same trade which Rob entered, post #4286


Congrats to all who made green pips today.
Cigarguy you are on fire!
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  • #4,300
  • Sep 14, 2016 12:47pm Sep 14, 2016 12:47pm
Quoting cigarguy
{quote} eddie, Welcome.... To be clear I personally do set a emergency stop of approximately 20 pips in case of hardware or connection failure. All of your other questions are answered only by YOU as each trader, from experience must decide what works for them. I can only offer a successful PVSRA system and the tools to make it work but you must decide your own RR etc., based on your account size and your pain threshold.... I will never suggest to any trader how to trade their account only help with learning PVSRA. Stay GREEN, Cigarguy...
Thanks man, I really appreciate...
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