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PVSRA Scalping with Cigarguy

  • #4,641
  • Sep 29, 2016 3:49pm Sep 29, 2016 3:49pm
EURUSD M1 +4.5pips

again another textbook PVSRA scalp (got distracted by a phone call...that's why i've closed it a bit late)
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2016-09-29 om 22.45.48.png Size: 79 KB
  • #4,642
  • Edited 9:54pm Sep 29, 2016 9:36pm | Edited 9:54pm
USDJPY M1 +5PIPS

This is only 1 trade, but for entering I considered M15 and placed my entry on M1.

Reasons for entering SHORT
- Looking at M15, there was a huge red candlestick with high volume, so I waited for a small retracement back to Dragon. Also, I observed that we were very close to support key level 101.000. And also close to 200EMA. I knew that if I placed my trade and PA could go a bit lower than that, then it would be enough move to hit my target.
- Then I looked at M1, and I saw that there had been already a retracement back to Dragon, and at that moment, PA had just broken Dragon downwards again, so that is exactly where I opened my position.

So, that was enough for PA to go down and cross the key support level 101.000 and actually go even below that for a while. I hit my target and exited!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy-m15-forex-capital-markets-2.png Size: 50 KB
Click to Enlarge Name: usdjpy-m1-forex-capital-markets-3.png Size: 48 KB
  • #4,643
  • Edited Sep 30, 2016 1:34am Sep 29, 2016 9:50pm | Edited Sep 30, 2016 1:34am
Hi,
Thanks Cigarguy for THE THREAD for Scalping
My fist post

Shorts, because I think MM didn't finish unload their shorts, and may pulling price lower or even lower for their longs.

PS: Price coming to this area again, maybe lower but I take my profit(Since Ls is coming MM seems in a hurry, me too!)
Open long just above RDL
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.png Size: 89 KB
Click to Enlarge Name: EURJPYM111.png Size: 63 KB
Be a spectator, not a player
  • #4,644
  • Sep 30, 2016 2:06am Sep 30, 2016 2:06am
EURUSD M1 + 5PIPS
Reasons for entering SHORT
- I liked the inclination of Dragon
- Waited for a retracement to Dragon
- Got my target and exited!
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-09-30_08-53-28 EURUSD M1.jpg Size: 204 KB
  • #4,645
  • Sep 30, 2016 2:54am Sep 30, 2016 2:54am
GBPJPY M1 +10pips (not bad start on Friday)

On M15 i saw that it was having a lower high and waited untill it got above the Dragon (50EMA). After a small retrace to the Dragon and a notable increase in volume i have entered my trade right above the 130.700 level

I am kind of addicted to this pair...thanks to you Saiffx
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2016-09-30 om 09.48.46.png Size: 73 KB
  • #4,646
  • Sep 30, 2016 4:32am Sep 30, 2016 4:32am
Quoting Travel63
EURUSD M1 + 5PIPS Reasons for entering SHORT - I liked the inclination of Dragon - Waited for a retracement to Dragon - Got my target and exited! {image}
Very well done!
  • #4,647
  • Sep 30, 2016 5:33am Sep 30, 2016 5:33am
I want to say a massive thank you to cigarguy and all others in this great thread, for the knowledge I have got from it, I have made a personal decision to distance myself from forums such as this one but wanted to share what can be achieved by following the rules and studying hard.

Good luck and thanks again.
Attached Image
  • #4,648
  • Sep 30, 2016 5:33am Sep 30, 2016 5:33am
Quoting robmagario
USDJPY M1 +5PIPS This is only 1 trade, but for entering I considered M15 and placed my entry on M1. Reasons for entering SHORT - Looking at M15, there was a huge red candlestick with high volume, so I waited for a small retracement back to Dragon. Also, I observed that we were very close to support key level 101.000. And also close to 200EMA. I knew that if I placed my trade and PA could go a bit lower than that, then it would be enough move to hit my target. - Then I looked at M1, and I saw that there had been already a retracement back to Dragon,...
Such a nice chart template setup!
  • #4,649
  • Sep 30, 2016 6:09am Sep 30, 2016 6:09am
GBPUSD M1 + 5 PIPS

textbook PVSRA entry (after a retrace to the Dragon, towards 1.29700 level, price hit below 200EMA and when the candle opened below 200EMA i took my entry and reached my target.
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2016-09-30 om 13.00.10.png Size: 101 KB
  • #4,650
  • Sep 30, 2016 9:05am Sep 30, 2016 9:05am
Quoting wiserltz
Hi, Thanks Cigarguy for THE THREAD for Scalping My fist post Shorts, because I think MM didn't finish unload their shorts, and may pulling price lower or even lower for their longs. PS: Price coming to this area again, maybe lower but I take my profit(Since Ls is coming MM seems in a hurry, me too!) Open long just above RDL {image} {image}
wiserltz,

Welcome ............. I see that you are not new to trading PVSRA as displayed by your trading ability and excellent explanation. Looking forward to your future posts...
Keep It Simple
  • #4,651
  • Sep 30, 2016 9:08am Sep 30, 2016 9:08am
Quoting josh11
I want to say a massive thank you to cigarguy and all others in this great thread, for the knowledge I have got from it, I have made a personal decision to distance myself from forums such as this one but wanted to share what can be achieved by following the rules and studying hard. Good luck and thanks again. {image}
josh11,

Very impressive numbers but sorry that you won't be around to continue your contribution...Keep us in mind if you decide to re-join the FF world..
Keep It Simple
  • #4,652
  • Sep 30, 2016 9:10am Sep 30, 2016 9:10am
PVSRA Scalpers,

Nice + pips made today and congrats to all....
Keep It Simple
  • #4,653
  • Sep 30, 2016 9:30am Sep 30, 2016 9:30am
Our latest Pole votes from Post #1.......Thanks Guys/Gals for stepping up and helping all .......
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_456 Sep. 30 07.30.jpg Size: 102 KB
Keep It Simple
  • #4,654
  • Sep 30, 2016 9:33am Sep 30, 2016 9:33am
First Trade for Oct 2016

AUDUSD 1M Long 3.4 pips

Hit supply zone with a very corrective looking wave with a good up push.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM1 1.10.16.png Size: 78 KB
  • #4,655
  • Sep 30, 2016 9:40am Sep 30, 2016 9:40am
See you next week .


Saiffx
Attached Image
  • #4,656
  • Sep 30, 2016 9:44am Sep 30, 2016 9:44am
Some gains today. Unfortunately did not had chance to trade during week due to work commitments.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m-m1-fxpro-financial-services.png Size: 75 KB
  • #4,657
  • Sep 30, 2016 9:47am Sep 30, 2016 9:47am
Quoting saiffx
See you next week . Saiffx {image}
saiffx,

Nice numbers...... More to come next week....
Keep It Simple
  • #4,658
  • Sep 30, 2016 9:48am Sep 30, 2016 9:48am
Quoting ozziedave
First Trade for Oct 2016 AUDUSD 1M Long 3.4 pips Hit supply zone with a very corrective looking wave with a good up push. {image}
Keep It Simple
  • #4,659
  • Sep 30, 2016 9:50am Sep 30, 2016 9:50am
Quoting Jezrien
Some gains today. Unfortunately did not had chance to trade during week due to work commitments. {image}
Jezrien,

Pips R Pips my friend
Keep It Simple
  • #4,660
  • Sep 30, 2016 9:58am Sep 30, 2016 9:58am
Quoting cigarguy
PVSRA Scalpers, Nice + pips made today and congrats to all....
Hi,

I have been following your thread but I have not been trading for sometime now.

Could you please let me know how I can make the system or the template work on my PC.

I downloaded the template from the other thread and attached it to many charts but only a blue line was showing on the chart.

Please how do I rectify this?

I really appreciate your efforts.
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