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PVSRA Scalping with Cigarguy

  • #4,541
  • Sep 27, 2016 7:36am Sep 27, 2016 7:36am
Quoting robmagario
{quote} Cigarguy, over many years, I have spent a lot of money on courses (both online and offline), seminars, books and other things, but so far the best strategy that I have found is this one. And it is free. Now I think I was so dumb to have spent so much money on other things that didn't work. Thanks for your teachings and encouragement. Rob
rob,

You did no different than most when they begin to trade. You must start somewhere as traversing the Forex jungle is mind boggling with a multitude of systems thrown your way and each claiming theirs is simple and profitable.

As you know, choosing a system that fits your personality and time available to trade is a journey. No trader can tell another what is best for them as each must chose and make it their own.

I am glade the journey led you here as a respected trader and contributor........

Cigarguy
Keep It Simple
  • #4,542
  • Sep 27, 2016 7:36am Sep 27, 2016 7:36am
Hello to all,first I want thank you all guys for your contributions,today was very good day,I manage to bank some pips.
Explanation: There was a pull back candle on 15 m t/f the dragon is in downtrend, so I droped to m5 and picked the tops and waited then I go short after the price hits the tops, plus jpy strenght vs usd.. Please fell free to point me to mistakes.. Plus i had to close one trade in loss because I had to go,but thats ok because i dont trade with big lots... thank you all...
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  • #4,543
  • Sep 27, 2016 7:51am Sep 27, 2016 7:51am
Quoting Alpe
Dear Traders, It has been a while I did not participate on any thread. Just a silent lucker all this while. Decided to participate to help each other and often remind each other here on certain setup that we often forgot as market change all the time and for traders that can adapt survive and those who can't disappear. With this strategy, MM will always remain the same. Sneaky as always. For those from sonic n PVSRA thread, is the setup correct as it is? Scouts {image} Classic {image} Alpe
Alpe,

Thanks for your post......

We don't specifically trade the Classic setup and scouts as we traded on the old Sonic R and PVSRA threads as they were primarily traded on the M15 time frame. When I introduced scalping to those threads I dropped down to M5 and M1 for entries and trend consideration given to M15 and above. Many scout traders in those days had terrible DD's and losses so they pretty much became obsolete.

Welcome and looking forward to your contributions....

Cigarguy
Keep It Simple
  • #4,544
  • Sep 27, 2016 7:54am Sep 27, 2016 7:54am
Quoting Emrah17
Hello to all,first I want thank you all guys for your contributions,today was very good day,I manage to bank some pips. Explanation: There was a pull back candle on 15 m t/f the dragon is in downtrend, so I droped to m5 and picked the tops and waited then I go short after the price hits the tops, plus jpy strenght vs usd.. Please fell free to point me to mistakes.. Plus i had to close one trade in loss because I had to go,but thats ok because i dont trade with big lots... thank you all... {image}
Emrah17,

Thanks for your post... You made some nice pips and killed that M5 candle.....
Keep It Simple
  • #4,545
  • Sep 27, 2016 8:09am Sep 27, 2016 8:09am
Quoting saiffx
FIFO closed on CADJPY Saiffx {image}
saiffx,

Nice as usual....
Keep It Simple
  • #4,546
  • Sep 27, 2016 9:41am Sep 27, 2016 9:41am
Quoting saiffx
Why not? We are trader not MM's. We are here All for all. All credits to Alfonso of www.set-and-forget.com for this wonderful tool to draw SD level. Saiffx {file} {file}

hey saiffx would you mind sharing your indicator settings for this tool that you have.

Thank you in advance
If there is no enemy within, the enemy outside can do us no harm...
  • #4,547
  • Sep 27, 2016 10:28am Sep 27, 2016 10:28am
Quoting iscalp
{quote} hey saiffx would you mind sharing your indicator settings for this tool that you have. Thank you in advance
Hi friend,

Rectangle reader (black or white version) default setting used.
If show base bar remain false, then make it true.
You can change color of base bar going color tab.

Thanks
Saiffx
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  • #4,548
  • Edited 10:50am Sep 27, 2016 10:38am | Edited 10:50am
EU M1 +2 Entered short with reduced lots risky low confidence trade at this level with little momentum so closed got bored......

Just a small example of PA reversing so cut your losses or take small pips and don't chase price wait for it to come to you. This particular trade was a high risk entry to begin with at this level the reason reduced lots from 5 to 1.. ..........
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Keep It Simple
  • #4,549
  • Sep 27, 2016 11:32am Sep 27, 2016 11:32am
AUDUSD M1 +1.6pips

I've entered this trade late but managed to catch +1.6pips out of this trade. I could have hold it longer but you never know MM's next moves
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  • #4,550
  • Edited 3:19pm Sep 27, 2016 12:09pm | Edited 3:19pm
Hi PVSRA scalpers.

This is for new scalpers who follow our system.

A quote from PVSRA study Hall:

The Setup Breakout

In simple terms, and in sequence...
1. Trend is angled up (Momentum!).
2. PA wave is crossing up thru Trend.
3. Volume increased going into and coming out of the bottom of the bullish PA wave (PVSRA).
4. The setup breakout is related to the breakaway from the key 1/2 Level (PVSRA)
5. Preceding the setup there was notable volume when price dropped below the 3/4 Level (PVSRA)

My view of taking entry:

When price is over 50 ema line no sell entry allowed. No buy entry allowed below the dragon also. We will find bullish PA wave and proper volume signal here. We can go short over 50 ema if price make lower high which allow to draw a down trend line also price break previous up trend line but we certainly be happy by taking tp at 50 ema line as price is over the dragon can pull back from 50 ema line.. It is examined that when price is over the dragon then MACD histogram goes above zero line(up trend confirmed) and when price below the dragon MACD histogram goes below the zero line (down trend confirmed).

Vice versa.

Off course you always analyse MTF chart before taking any entry. Always use nearest support resistance zone for exit from the entry. Support and resistance can be horizontal, can be on trend line, can be on moving average or Fibonacci zone.

Remember: Forex trading is a game of patience.

Here is a chart illustration of taking entry.


Thanks.

Saiffx
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  • #4,551
  • Sep 27, 2016 1:11pm Sep 27, 2016 1:11pm
Quoting saiffx
Hi PVSRA scalpers. This is for new scalpers who follow our system. A quote from PVSRA study Hall: The Setup Breakout In simple terms, and in sequence... 1. Trend is angled up (Momentum!). 2. PA wave is crossing up thru Trend. 3. Volume increased going into and coming out of the bottom of the bullish PA wave (PVSRA). 4. The setup breakout is related to the breakaway from the key 1/2 Level (PVSRA) 5. Preceding the setup there was notable volume when price dropped below the 3/4 Level (PVSRA) My view of taking entry: When price is over 50 ema line no...
saiffx,

Excellent post as well thought through and adds great value to our Text Book Thread.... I appreciate traders stepping up and contributing helpful information as you have.......

Regards,
Cigarguy
Keep It Simple
  • #4,552
  • Sep 27, 2016 1:18pm Sep 27, 2016 1:18pm
Wow.....We have 26 traders voting 100% that our thread has been helpful and no negatives at Post #1......

This is part and parcel to informative posts contributed by our traders who came, saw and dedicated themselves to learning and becoming proficient scalping our system....
Keep It Simple
  • #4,553
  • Sep 27, 2016 1:20pm Sep 27, 2016 1:20pm
Quoting cigarguy
{quote} saiffx, Excellent post as well thought through and adds great value to our Text Book Thread.... I appreciate traders stepping up and contributing helpful information as you have....... Regards, Cigarguy
  • #4,554
  • Sep 27, 2016 1:35pm Sep 27, 2016 1:35pm
Quoting cigarguy
{quote} Emrah17, Thanks for your post... You made some nice pips and killed that M5 candle.....
Thank you!
  • #4,555
  • Sep 27, 2016 1:38pm Sep 27, 2016 1:38pm
Quoting thilord;9164247[highlight=Yellow
]AUDUSD M1 +1.6pips [/highlight]I've entered this trade late but managed to catch +1.6pips out of this trade. I could have hold it longer but you never know MM's next moves {image}
thilord,

Pips R Pips my Friend...
Keep It Simple
  • #4,556
  • Sep 27, 2016 1:43pm Sep 27, 2016 1:43pm
Quoting cigarguy
{quote} thilord, Pips R Pips my Friend...

This small +1.6 pip gain by thilord posted above brings to mind;

Although we NEVER discuss account sizes and pip values because that is to be kept as personal information and not to be published. Small pip gains should never be scoffed at because we have traders trading Standard, Micro and Mini accounts and doing the math on those gains, although appearing small in pips value, can be impressive and substantial at the end of the trading day, month and year........
Keep It Simple
  • #4,557
  • Sep 27, 2016 1:48pm Sep 27, 2016 1:48pm
Quoting cigarguy
{quote} This small +1.6 pip gain by thilord posted above brings to mind; Although we NEVER discuss account sizes and pip values because that is to be kept as personal information and not to be published. Small pip gains should never be scoffed at because we have traders trading Standard, Micro and Mini accounts and doing the math on those gains, although appearing small in pips value, can be impressive and substantial at the end of the trading day, month and year........
I think stay with green pips is traders dream.

Saiffx
  • #4,558
  • Sep 27, 2016 1:53pm Sep 27, 2016 1:53pm
Quoting saiffx
{quote} I think stay with green pips is traders dream. Saiffx
We should always focus on making the correct trading decisions not pips or money. If the right decisions are made the pips and money will come.
Keep It Simple
  • #4,559
  • Sep 27, 2016 1:55pm Sep 27, 2016 1:55pm
Quoting cigarguy
{quote} We should always focus on making the correct trading decisions not pips or money. If the right decisions are made the pips and money will come.
Yes. Agree with you.

Thanks
  • #4,560
  • Sep 27, 2016 2:09pm Sep 27, 2016 2:09pm
Quoting cigarguy
{quote} We should always focus on making the correct trading decisions not pips or money. If the right decisions are made the pips and money will come.
So true.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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