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PVSRA Scalping with Cigarguy

  • #4,401
  • Sep 20, 2016 5:17pm Sep 20, 2016 5:17pm
UJ long trade for 7.4 pips. Broke the former support and the 50 ema to the upside. A few pips draw down and up to the next level of resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1 21.09.16.png Size: 55 KB
  • #4,402
  • Sep 20, 2016 6:00pm Sep 20, 2016 6:00pm
UJ M1 FIFO Scalp +5 See chart for explanation
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-09-20_18-04-40_USDJPYi_M1_.png Size: 54 KB
Keep It Simple
  • #4,403
  • Edited 7:16pm Sep 20, 2016 6:22pm | Edited 7:16pm
Quoting ozziedave
UJ long trade for 7.4 pips. Broke the former support and the 50 ema to the upside. A few pips draw down and up to the next level of resistance. {image}
ozziedave,

Nice trade we were stalking UJ for the same entry but you got their 1st as I was waiting for the break of 101.700 key level resistance..........
Keep It Simple
  • #4,404
  • Edited 7:36pm Sep 20, 2016 7:16pm | Edited 7:36pm
USDJPY 1M +5PIPS

Entered SHORT a bit too early
- I didn't like the inclination of Dragon much, but when I looked at other time frames (M5 and M15) it looked okay to enter
- CSM showing strong JPY
- It was clear to me that we were moving away from key resistance level 101.750 as PA had been bearish from the last huge green candlestick on the previous hourly candle (H1)
- Entered after high volume on a red candlestick after PA bounced back a bit to Dragon
- PA started to go against me, but the hourly candlestick remained bearish and Dragon had been broken just a bit, so I stayed in the trade

Got my target and exited!
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m1-forex-capital-markets-3.png Size: 52 KB
  • #4,405
  • Sep 20, 2016 7:20pm Sep 20, 2016 7:20pm
Quoting robmagario
USDJPY 1M +5PIPS Entered SHORT a bit too early - Got my target - Entered after high volume on a red candlestick after PA bounced back a bit to Dragon {image}
NP we take whatever the market gives......
Keep It Simple
  • #4,406
  • Sep 20, 2016 7:38pm Sep 20, 2016 7:38pm
Quoting cigarguy
{quote} NP we take whatever the market gives......
Cigarguy, Yes! Yesterday has been a great day and I hope we will make more profits today!
Stay GREEN!
  • #4,407
  • Edited 8:16pm Sep 20, 2016 8:03pm | Edited 8:16pm
UJ M1 Very FIFO Scalp +83 (avg. 27.6 @ 3 lots) ................WoW that was fun.......What a ride...........

+202 today as a small retail scalper helping the sneaky MM's empty their wallets.....It may not be much too them but it feels good......
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiM1.png Size: 122 KB
Keep It Simple
  • #4,408
  • Sep 20, 2016 8:27pm Sep 20, 2016 8:27pm
Quoting cigarguy
UJ M1 Very FIFO Scalp +83 (avg. 27.6 @ 3 lots) ................WoW that was fun.......What a ride........... +202 today as a small retail scalper helping the sneaky MM's empty their wallets.....It may not be much too them but it feels good...... {image}
That is really what I would call "taking the ride together with the MMs".
Well done and very nice and long ride!
  • #4,409
  • Edited 9:47pm Sep 20, 2016 8:31pm | Edited 9:47pm
Quoting robmagario
{quote} That is really what I would call "taking the ride together with the MMs". Well done and very nice and long ride!
rob,

OH Yes.....That was fun indeed that puppy took off like a rocket on the tear down...... Our little retail snipes don't bother their deep pockets much but it feels good none the less.....
Keep It Simple
  • #4,410
  • Sep 20, 2016 8:34pm Sep 20, 2016 8:34pm
Quoting cigarguy
UJ M1 FIFO Scalp +5 See chart for explanation {image}
Thanks a ton cigarguy for sharing the great scalp system. I am trying to prepare my chart but I am still not able to get green and red boxes on chart, can you please guide me.

Thanks,
Santosh
  • #4,411
  • Sep 20, 2016 8:59pm Sep 20, 2016 8:59pm
It's a wild ride tonight for UJ with the BOJ red news and Press Conference....
Keep It Simple
  • #4,412
  • Sep 20, 2016 9:03pm Sep 20, 2016 9:03pm
Quoting santoshv2k
{quote} Thanks a ton cigarguy for sharing the great scalp system. I am trying to prepare my chart but I am still not able to get green and red boxes on chart, can you please guide me. Thanks, Santosh
Are you referring to the one hour M-Candles in the background? If that is what your asking that indicator is located in the above paper clip and change the TFBar to 60 to get a hour candle..... That actually is not a PVSRA system indicator but one that I found is helpful for scalping as I often scalp the New Hour candle.

Hope this helps....
Keep It Simple
  • #4,413
  • Sep 20, 2016 9:22pm Sep 20, 2016 9:22pm
Quoting cigarguy
It's a wild ride tonight for UJ with the BOJ red news and Press Conference....

NOW That's a candle......Glad I'm on the sidelines for this one and a scalper not a position trader with UJ or any open trades..........
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-09-20_21-30-24_USDJPYi_M1_.png Size: 43 KB
Keep It Simple
  • #4,414
  • Edited 10:31pm Sep 20, 2016 9:30pm | Edited 10:31pm
Quoting cigarguy
{quote} Are you referring to the one hour M-Candles in the background? If that is what your asking that indicator is located in the above paper clip and change the TFBar to 60 to get a hour candle..... That actually is not a PVSRA system indicator but one that I found is helpful for scalping as I often scalp the New Hour candle. Hope this helps....
Thanks cigarguy, I got it

Regards,
Santosh
  • #4,415
  • Edited 9:49pm Sep 20, 2016 9:31pm | Edited 9:49pm
I don't stay up and trade the LO but bet it's going to be crazy as well with lots of volatility for some nice FIFO scalps .......If so for new traders, the key word for tonight is use STOPS for capital preservation........
Keep It Simple
  • #4,416
  • Edited 10:39pm Sep 20, 2016 10:12pm | Edited 10:39pm
Quoting cigarguy
{quote} 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!!
Hi,
I never seen this issue what Mr. Extraw mention about. I use Orderonchart v2.6 in my live account. It never takes any entry. Still i use it in live account without any problem. I face one issue that is when i attatch it on my chart it sets different lot size in different time. I have to adjust it before taking entry.


My today's return on GBPJPY pair. When MM's move price extremely lower position (RDL) I took long there with big lot size.

Thanks CG. I have learned much from you about scalping.

Thanks All,

Saiffx
  • #4,417
  • Sep 21, 2016 1:03am Sep 21, 2016 1:03am
Quoting cigarguy
I don't stay up and trade the LO but bet it's going to be crazy as well with lots of volatility for some nice FIFO scalps .......If so for new traders, the key word for tonight is use STOPS for capital preservation........
hm that's impressive
... i live in CA i trade while everyone are in bed.
  • #4,418
  • Sep 21, 2016 5:10am Sep 21, 2016 5:10am
Hey everyone,

Let me start off by saying you guys are doing amazing! Your hard work and dedication really shows through all of your trades.
2 quick trades leading up to Ny Open today!

Total of 11.8pips!

1st trade - Everything heading at a nice angle down. Price retraced back to 500 line but failed to break through. Entered on break of ASH line with high volume. Slight DD, exited at my TP of +5.

2nd trade- VERY FIFO. Everything heading down. Price was failing to retrace any higher. Entered on break of ASL line with very high volume. Trade took at total of 11 seconds. TP of +5. --- looking now, if I hadnt of kept it FIFO, I would have had all of my profits taken away from me. Thanks cigarguy for the constant reminders to keep it FIFO!

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1.png Size: 62 KB


Good luck to everyone for the rest of the day
  • #4,419
  • Sep 21, 2016 5:21am Sep 21, 2016 5:21am
Quoting Bsan89
Hey everyone, Let me start off by saying you guys are doing amazing! Your hard work and dedication really shows through all of your trades. 2 quick trades leading up to Ny Open today! Total of 11.8pips! 1st trade - Everything heading at a nice angle down. Price retraced back to 500 line but failed to break through. Entered on break of ASH line with high volume. Slight DD, exited at my TP of +5. 2nd trade- VERY FIFO. Everything heading down. Price was failing to retrace any higher. Entered on break of ASL line with very high volume. Trade took at...
Bsan89,

Nice trade and detailed explanation....... The markets have a rhythm because the MM's who have the big money are whipping and whacking PA, so to me it makes sense follow their lead.

If Mr. Warren Buffet said that we could follow him and make the same investment decisions.....I think we would.......

Stay GREEN and Keep It Simple,
Cigarguy
Keep It Simple
  • #4,420
  • Sep 21, 2016 6:45am Sep 21, 2016 6:45am
Cigarguy & other contributors,

Thanks for a great thread. I find everything presented here very promising and educational in terms of reading and reacting to the market. I found this thread at a very busy time in my life and I am just trying to stay up with current posts while I also read from the start of this thread and some of the original PVSRA thread, as well as the attachments. Its far too early for me to do any posting, but I really appreciate all of you who do. Thanks again. TK
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