The World As It Is Can Do With Your Positive Disposition
PVSRA Scalping with Cigarguy
- #4,602
- Sep 28, 2016 1:20pm Sep 28, 2016 1:20pm
{quote} liberty71, Welcome.......but sorry to say there are no short cuts to learning PVSRA scalping. This entire thread serves as a PVSRA scalping text book and all that are here have taken the journey from Post #1, ie., reading the PDF's and observing the many charts and explanations throughout the thread and located in the above paperclip. There are golden nuggets of valuable information throughout that may be gleamed that a summary could never begin to encompass and do justice to the valuable content. If you do decide to begin the journey,...
Thanks for the prompt response. I will go through them and be back for more explanations. Thanks again.
The World As It Is Can Do With Your Positive Disposition
- #4,603
- Sep 28, 2016 3:57pm Sep 28, 2016 3:57pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Thanks for the prompt response. I will go through them and be back for more explanations. Thanks again.
NP, I hope that you decide to join our PVSRA scalping team and looking forward to your contributions......
Keep It Simple
- #4,604
- Sep 28, 2016 7:07pm Sep 28, 2016 7:07pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M1 FIFO Scalp +6 Scalped for some quick pips at AO with the MM's momentum......
(forgot to increase my lots to 5 + as usual so failed to get +30...
)
(forgot to increase my lots to 5 + as usual so failed to get +30...
) 
Keep It Simple
- #4,605
- Sep 28, 2016 7:59pm Sep 28, 2016 7:59pm
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
- #4,606
- Sep 28, 2016 8:19pm Sep 28, 2016 8:19pm
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
UJ M1 FIFO Scalp +6 Scalped for some quick pips at AO with the MM's momentum......
I have been watching this key level 101.250 on the hourly chart, but it seems that now it has definitely been broken, so no worries.
- #4,607
- Sep 28, 2016 9:24pm Sep 28, 2016 9:24pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Very good one Cigarguy! I was following the same chart but I didn't enter as it was close to a key level. I saw that after you closed it, it went down again all the way back to Dragon. I have been watching this key level 101.250 on the hourly chart, but it seems that now it has definitely been broken, so no worries. {image}
Yes you are exactly right as the key level was near and you made the safe decision. As you know as a scalper we scalp/trade with a different R/R then position traders as we are stalking for high momentum FIFO scalps for small pips with large lots and many times these entry opportunities present themselves at Session Openings.
Each trader must decide based on their experience and screen time with their chosen pair if these entries meet their R/R.....
I know traders that only trade LO, NYO and AO due to the volatility but the risk should be commensurate..... Keep It Simple
- #4,609
- Sep 29, 2016 3:31am Sep 29, 2016 3:31am
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
- #4,611
- Sep 29, 2016 4:46am Sep 29, 2016 4:46am
GBPJPY M1 +7pips
i was jealous when Saiffx was taking profits out of GBPJYP
Entered below the 131.750 level (right after i saw a big green volume candle and a red one right after that. Once i saw the volume coming down and the Dragon pointing down (including the multi meter candle colors on top right corner of the chart). Price tested 131.800 3times and then it decreased.
i was jealous when Saiffx was taking profits out of GBPJYP
Entered below the 131.750 level (right after i saw a big green volume candle and a red one right after that. Once i saw the volume coming down and the Dragon pointing down (including the multi meter candle colors on top right corner of the chart). Price tested 131.800 3times and then it decreased.
- #4,616
- Sep 29, 2016 5:28am Sep 29, 2016 5:28am
An important clue for scalpers from me: When i think to trade any JPY related pair i forget all currency pair of the market. I only think about JPY; because JPY related pair remains always busy, wild and also profitable (also dangerous if you make wrong decision) pair than any other pair. Thanks Saiffx
- #4,620
- Edited 9:09am Sep 29, 2016 8:54am | Edited 9:09am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M1 FIFO Scalp +26 (avg. +5.1 @ 5 lots) See chart for explanation and left some on the table but OK as t/p was hit at 200 ema area.......I could have waited for the retrace and test back to the 50 ema for entry but I at this RDH level I decided to take the trade and did have a little DD but stayed with the trade due to the USD weakness vs JPY ....
These quick FIFO scalps can provide the +20 pip daily profit for those traders with that goal in mind within minutes with small quick pips and larger lots and if that was my plan I could be done for the day with this one trade....... Just food for thought......
These quick FIFO scalps can provide the +20 pip daily profit for those traders with that goal in mind within minutes with small quick pips and larger lots and if that was my plan I could be done for the day with this one trade....... Just food for thought......
Keep It Simple