PVSRA Scalping with Cigarguy
- #4,824
- Oct 12, 2016 3:38am Oct 12, 2016 3:38am
EURUSD M1 +30PIPS in total (av. +3PIPS @10LOTS)
Reason why i took a SHORT:
- Bearish trend on M1,M5 and M15 (Dragon pointing down)
- Stronger USD vs EUR on the currency strength table (right side on the chart)
- PA below TODAY's LOW !
- Closed the trade above 1.10250 key level
I missed the opportunity to get on this trade earlier. Anyway i'm happy with my green pips
Reason why i took a SHORT:
- Bearish trend on M1,M5 and M15 (Dragon pointing down)
- Stronger USD vs EUR on the currency strength table (right side on the chart)
- PA below TODAY's LOW !
- Closed the trade above 1.10250 key level
I missed the opportunity to get on this trade earlier. Anyway i'm happy with my green pips
- #4,825
- Edited 6:40am Oct 12, 2016 6:29am | Edited 6:40am
- Joined Jun 2016 | Status: Trader | 2,402 Posts
EURJPY M1, explaination on chart.
In a hurry! Office is cold, have to leave
In a hurry! Office is cold, have to leave
Be a spectator, not a player
- #4,827
- Oct 12, 2016 8:17am Oct 12, 2016 8:17am
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
- #4,828
- Edited 10:20am Oct 12, 2016 9:07am | Edited 10:20am
- Joined Jun 2016 | Status: Trader | 2,402 Posts
Another perfect entry. And as always - exited too earlyLooks like I need to be a little more greedy. Reason for entering: bearish activity right above half number and below bearish Dragon. {image}
Maybe switch to HTF to find exit point?
Be a spectator, not a player
- #4,829
- Oct 12, 2016 9:11am Oct 12, 2016 9:11am
- Joined Jun 2016 | Status: Trader | 2,402 Posts
Be a spectator, not a player
- #4,830
- Oct 12, 2016 9:15am Oct 12, 2016 9:15am
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
- #4,832
- Oct 12, 2016 9:38am Oct 12, 2016 9:38am
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
- #4,833
- Edited 11:02am Oct 12, 2016 9:45am | Edited 11:02am
EURUSD M1 +28PIPS in total (avg. +2.8pips @10LOTS)
Bearish M5,M15 and H1 trend (at the time of entry). After a retrace to the Dragon, price came down and i took the trade.
When i looked LEFT on the chart, i saw a S&R area (1.10220 level) and I exited the trade.
If i have waited, see what happened next
That's why FIFO PVSRA scalping keeps your PIPS in your pocket (and not in MM's deep pockets)
Bearish M5,M15 and H1 trend (at the time of entry). After a retrace to the Dragon, price came down and i took the trade.
When i looked LEFT on the chart, i saw a S&R area (1.10220 level) and I exited the trade.
If i have waited, see what happened next
That's why FIFO PVSRA scalping keeps your PIPS in your pocket (and not in MM's deep pockets)
- #4,835
- Oct 12, 2016 10:12am Oct 12, 2016 10:12am
- Joined Jun 2016 | Status: Trader | 2,402 Posts
Really like this MM
Be a spectator, not a player
- #4,837
- Oct 12, 2016 10:41am Oct 12, 2016 10:41am
EURUSD M1 +28PIPS in total (avg. +2.8pips @10LOTS)
MM's tried to suck in longs with the green candle but the price stalled and didn't go higher than most recent high.
I should have waited untill that candle (where i took the trade) closed but i didn't not. Next time i will
MM's tried to suck in longs with the green candle but the price stalled and didn't go higher than most recent high.
I should have waited untill that candle (where i took the trade) closed but i didn't not. Next time i will
- #4,838
- Oct 12, 2016 10:48am Oct 12, 2016 10:48am
{quote}
Exit point - is the next task for me to resolve.
But, anyway, I love the entries PVSRA gives to me.
Thanks to the traderathome, Cigarguy, tulis, thilord, Fisher, leentjai and all other contributors of both threads.
Green pips to all!
- #4,840
- Oct 12, 2016 11:02am Oct 12, 2016 11:02am
{quote} Maybe...
no worries on the exits... the more you do and watch/read other people's charts & comments the more you'll optimize/finetune your fingers for an efficient exit.
I'm still working on mine as this PVSRA is definitely NOT an overnight success method. Lot of practice & patience is required.