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PVSRA Scalping with Cigarguy

  • #4,361
  • Sep 19, 2016 1:05pm Sep 19, 2016 1:05pm
Quoting robmagario
USDJPY 1M +0.8PIPS Actually the same trade that Cigarguy did, but I got very scared when I saw that magenta candlestick and closed the trade too early {image}
rob,

Notice I did not have that volume magenta ( I recant I did have a magenta volume bar on 2nd look but quickly another red bar) but remember our volume serves us well but different feeds from different Brokers so I suggest to pay more attention to the momentum candle. If you see this candles start to slow and stall then close...the candle and momentum trumps the volume bar....
Keep It Simple
  • #4,362
  • Sep 19, 2016 1:13pm Sep 19, 2016 1:13pm
Quoting cigarguy
{quote} rob, Notice I did not have that volume magenta ( I recant I did have a magenta volume bar on 2nd look but quickly another red bar) but remember our volume serves us well but different feeds from different Brokers so I suggest to pay more attention to the momentum candle. If you see this candles start to slow and stall then close...the candle and momentum trumps the volume bar....
Hi Cigarguy, yes, I should have waited until that other red bar that came just after the magenta one! I will follow your advice about slow and stall. Thanks!
  • #4,363
  • Sep 19, 2016 1:16pm Sep 19, 2016 1:16pm
Quoting robmagario
{quote} Hi Cigarguy, yes, I should have waited until that other red bar that came just after the magenta one! I will follow your advice about slow and stall. Thanks!
Keep It Simple
  • #4,364
  • Sep 19, 2016 2:01pm Sep 19, 2016 2:01pm
UJ M1 FIFO Scalp +5 See chart for explanation and the now red candles were all green at entry...
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiM1.png Size: 92 KB
Keep It Simple
  • #4,365
  • Sep 19, 2016 2:30pm Sep 19, 2016 2:30pm
UJ M1 FIFO Scalp +8 Explanation on chart

Got my +20.2 time for a rest see you at AO......
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiM1.png Size: 108 KB
Keep It Simple
  • #4,366
  • Sep 19, 2016 2:54pm Sep 19, 2016 2:54pm
Quoting cigarguy
UJ M1 FIFO Scalp +8 Explanation on chart Got my +20.2 time for a rest see you at AO...... {image}
congrats CG ... do you also have a goal to make +20pips on AO?
  • #4,367
  • Sep 19, 2016 3:06pm Sep 19, 2016 3:06pm
Quoting thilord
{quote} congrats CG ... do you also have a goal to make +20pips on AO?
No not really....+20 is kind of the popular goal for most traders. I just watch my charts and don't even think about a goal and just trade what the market gives. I have multiple trading accounts and use bigger lots when the market is active with good momentum and reduce lots when it's slow with retraces, ranging and whip saws and higher risk.

Each trader must find their comfort level that suits their style and Risk/Reward....
Keep It Simple
  • #4,368
  • Sep 19, 2016 3:28pm Sep 19, 2016 3:28pm
UJ M1 FIFO Scalp +5 Attempted to get away but this one fell in my lap....
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiM1.png Size: 89 KB
Keep It Simple
  • #4,369
  • Sep 19, 2016 7:43pm Sep 19, 2016 7:43pm
UJ FIFO Scalp +6 See chart for explanation just got a bit of this very fast move.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiM1.png Size: 93 KB
Keep It Simple
  • #4,370
  • Sep 19, 2016 9:07pm Sep 19, 2016 9:07pm
UJ M1 FiFO Scalp +3 Explanation on chart
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-09-19_19-13-13_USDJPYi_M1_.png Size: 43 KB
Keep It Simple
  • #4,371
  • Sep 19, 2016 9:38pm Sep 19, 2016 9:38pm
PVSRA Scalpers,

I have received PM's from new traders asking about entries. I won't even attempt to go into details about that subject as that would take hours. Each trader must do their own homework, study, practice to begin their trading career which is a long journey.

I only have one recommendation and that is DO NOT CHASE PRICE..which seems to be a common error resulting in losses. It is common for a trader to see a big PA run and feel they are missing out on that trade and chase the PA only to have it reverse after their entry resulting in a losing trade.

Observe your charts and determine based on the current PA where the S & R, fibs or whatever you chose to use for S & R and let PRICE COME TO YOU for entries.
If it continues to run and you miss that trade, not to worry many more will come along.

Most often when a trader chases price they will find that after a late entry price will usually retrace/pullback which is a normal rhythm of the market and take out stops and therefore resulting in a loss.

Regards,
Cigarguy
Keep It Simple
  • #4,372
  • Sep 20, 2016 1:56am Sep 20, 2016 1:56am
Quoting robmagario
USDJPY 1M +0.8PIPS Actually the same trade that Cigarguy did, but I got very scared when I saw that magenta candlestick and closed the trade too early {image}
Hi robmagario, I got all indicators from first page and trying to prepare a chart like your one but I am not able to do. Can you share your chart template and indicators used in the chart please ?

Thanks,
Santosh
  • #4,373
  • Sep 20, 2016 3:58am Sep 20, 2016 3:58am
Quoting extraw
{quote} Hi, I'm the author of OrderOnChart EA. To everybody who are using OrderOnChart EA: maybe it has a problem, please stop using it until I make sure it work OK. Thank you. STOP USING OrderOnChart EA. IT'S DANGEROUS FOR YOUR ACCOUNT.
Hi,
There is actually a problem with the OrderOnChart EA.
The old version when conflict with some indicators can auto open random orders continuously until your account balance dry out.
I suggest those who using it replace your current version with this new version immediately.
Please test the new one on Demo first before using on Real Account.
I'm not responsible for any of your lost caused by this EA. So use it on your own risk.
Thank you.

P/s: if something wrong happen to the EA, you can turn it off from all charts by clicking Auto Trading button (turn it from green to red color)
@cigarguy: please remove all older versions of OrderOnChart EA from the first post, they're not safe.
Attached Image (click to enlarge)
Click to Enlarge Name: TurnOffAllEAs.png Size: 87 KB
Attached File(s)
File Type: ex4 OrderOnChart_v2.6c_OrderLimit_Fix auto open orders.ex4   65 KB | 1,034 downloads
File Type: mq4 OrderOnChart_v2.6c_OrderLimit_Fix auto open orders.mq4   57 KB | 1,214 downloads
  • #4,374
  • Sep 20, 2016 7:06am Sep 20, 2016 7:06am
Quoting extraw
{quote} Hi, There is actually a problem with the OrderOnChart EA. The old version when conflict with some indicators can auto open random orders continuously until your account balance dry out. I suggest those who using it replace your current version with this new version immediately. Please test the new one on Demo first before using on Real Account. I'm not responsible for any of your lost caused by this EA. So use it on your own risk. Thank you. P/s: if something wrong happen to the EA, you can turn it off from all charts by clicking Auto Trading...

09/20/2016 ALL OrderOnChart EA's REMOVED AS REQUESTED BY (FF MEMBER EXTRA THE ORIGINATOR ) AS NON-FUNCTIONAL WITH CODING ISSUESWARNING DO NOT USE IF YOU DOWNLOADED THIS EA.....REMOVE IMMEDIATELY!!
Keep It Simple
  • #4,375
  • Sep 20, 2016 7:36am Sep 20, 2016 7:36am
USDJPY M1 +5PIPS

Reasons for entering SHORT

- We were going towards support level 101.750, since Dragon was moving down, previous hourly (H1) candle was already a bearish candle.
- I liked the inclination of Dragon
- Waited for a retracement to Dragon
- I entered just when PA broke 200EMA with a super huge red candlestick with huge volume

Got my target in just 10 SECONDS! Yeah! FIFO!!!
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m1-forex-capital-markets-2.png Size: 52 KB
  • #4,376
  • Sep 20, 2016 7:40am Sep 20, 2016 7:40am
Quoting robmagario
USDJPY M1 +5PIPS Reasons for entering SHORT - We were going towards support level 101.750, since Dragon was moving down, previous hourly (H1) candle was already a bearish candle. - I liked the inclination of Dragon - Waited for a retracement to Dragon - I entered just when PA broke 200EMA with a super huge red candlestick with huge volume Got my target in just 10 SECONDS! Yeah! FIFO!!! {image}
rob,

Great text book trade as you are Keeping It Simple...........
Keep It Simple
  • #4,377
  • Sep 20, 2016 8:10am Sep 20, 2016 8:10am
Quoting cigarguy
{quote} rob, Great text book trade as you are Keeping It Simple...........
indeed, it was a text book trade.... great trade Rob
  • #4,378
  • Sep 20, 2016 8:32am Sep 20, 2016 8:32am
Quoting thilord
{quote} indeed, it was a text book trade.... great trade Rob
Thanks Cigarguy and thilord!
  • #4,379
  • Sep 20, 2016 8:58am Sep 20, 2016 8:58am
UJ M5 FIFO Scalp +6 Explanation on chart
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiM5.png Size: 144 KB
Keep It Simple
  • #4,380
  • Sep 20, 2016 9:21am Sep 20, 2016 9:21am
AUDUSD M1 +3.9Pips
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2016-09-20 om 16.19.48.png Size: 97 KB
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