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PVSRA Scalping with Cigarguy

  • #4,821
  • Oct 12, 2016 1:17am Oct 12, 2016 1:17am
Quoting cigarguy
{quote} MyxoMop, Welcome......Nice trades and explanations..
Thank you, cigarguy!
  • #4,822
  • Oct 12, 2016 2:22am Oct 12, 2016 2:22am
EURUSD M1 +20PIPS (av. +2pips @10LOTS)

First FIFO trading of the day!

After a retrace to the Dragon, price went down (below 200EMA) and got into the trade. I should have entered a bit earlier (i guess my fingers were not warmed up yet)
Got out of the trade when it reached RWL level.

Wish you guys GREEN PIPS
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2016-10-12 om 09.18.01.png Size: 63 KB
  • #4,823
  • Oct 12, 2016 2:56am Oct 12, 2016 2:56am
GBPUSD M1 +60PIPS in total (av. +6PIPS @10LOTS)

Reason why i took a LONG:

- Bullish trend on M1,M5 and M15 (Dragon pointing up)
- Strong GBP vs USD on the currency strength table (right side on the chart)
- PA above the Dragon & 200EMA with notable increase in volume
- Entered the trade above 1.22750 key level (when you look left, you will see that price has gone over that key level,once it passed that level)
- i exited the trade once it reached previous resistance level (look left on the chart)
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2016-10-12 om 09.48.52.png Size: 88 KB
  • #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
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2016-10-12 om 10.31.50.png Size: 91 KB
  • #4,825
  • Edited 6:40am Oct 12, 2016 6:29am | Edited 6:40am
EURJPY M1, explaination on chart.
In a hurry! Office is cold, have to leave
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM1.png Size: 97 KB
Be a spectator, not a player
  • #4,826
  • Oct 12, 2016 8:06am Oct 12, 2016 8:06am
Another perfect entry. And as always - exited too early
Looks like I need to be a little more greedy.

Reason for entering: bearish activity right above half number and below bearish Dragon.

Attached Image (click to enlarge)
Click to Enlarge Name: gbp.jpg Size: 209 KB
  • #4,827
  • Oct 12, 2016 8:17am Oct 12, 2016 8:17am
EURUSD M1 - 2 trades - Total o +5.4PIPS

Reasons for 1st trade - Entered SHORT +0.4PIPS
- I targeted the retracement once PA reached 1.10250, with high bearish volume
- The problem was that Dragon was already too close to that area
- I noticed that PA was not moving much so I closed it and got my 0.4PIPS

Reasons for 2nd trade - Entered SHORT +5PIPS
- Entered at PA broke the 200EMA with high bearish volume. I waited until PA did a small retracement and after that I entered
- PA started to go against me but never broke the resistance key level of 1.10250
- So finally I got my target and exited
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m1-forex-capital-markets.png Size: 52 KB
  • #4,828
  • Edited 10:20am Oct 12, 2016 9:07am | Edited 10:20am
Quoting MyxoMop
Another perfect entry. And as always - exited too early Looks 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
Quoting robmagario
EURUSD M1 - 2 trades - Total o +5.4PIPS Reasons for 1st trade - Entered SHORT +0.4PIPS - I targeted the retracement once PA reached 1.10250, with high bearish volume - The problem was that Dragon was already too close to that area - I noticed that PA was not moving much so I closed it and got my 0.4PIPS Reasons for 2nd trade - Entered SHORT +5PIPS - Entered at PA broke the 200EMA with high bearish volume. I waited until PA did a small retracement and after that I entered - PA started to go against me but never broke the resistance key level of 1.10250...
robmagario,
The second trade is risky, tick volume is low, but spread is big, IMO, it is a sign of stop hunt, so the following will be high ...

LTZ
Be a spectator, not a player
  • #4,830
  • Oct 12, 2016 9:15am Oct 12, 2016 9:15am
Quoting wiserltz
{quote} robmagario, The second trade is risky, tick volume is low, but spread is big, IMO, it is a sign of stop hunt, so the following will be high ... LTZ
wiserltz, Yes, I totally agree with you. I should have waited until the inclination of Dragon became more clear and with higher volume.
  • #4,831
  • Oct 12, 2016 9:31am Oct 12, 2016 9:31am
GBPJPY M1 +51PIPS in total (avg. +5.1pips @10LOTS)

comment on chart
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2016-10-12 om 16.25.12.png Size: 89 KB
  • #4,832
  • Oct 12, 2016 9:38am Oct 12, 2016 9:38am
Quoting thilord
GBPJPY M1 +51PIPS in total (avg. +5.1pips @10LOTS) comment on chart {image}

Nice one!
  • #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)
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2016-10-12 om 16.39.16.png Size: 71 KB
  • #4,834
  • Oct 12, 2016 9:45am Oct 12, 2016 9:45am
Quoting robmagario
{quote} Nice one!
thanks
  • #4,835
  • Oct 12, 2016 10:12am Oct 12, 2016 10:12am
Really like this MM
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM5.png Size: 47 KB
Be a spectator, not a player
  • #4,836
  • Oct 12, 2016 10:29am Oct 12, 2016 10:29am
Quoting wiserltz
Really like this MM {image}
Nice trade
  • #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
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2016-10-12 om 17.36.09.png Size: 78 KB
  • #4,838
  • Oct 12, 2016 10:48am Oct 12, 2016 10:48am
Quoting wiserltz
{quote} Maybe switch to HTF to find exit point?
Maybe...
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!

Attached Image (click to enlarge)
Click to Enlarge Name: gbp.jpg Size: 216 KB
  • #4,839
  • Oct 12, 2016 10:59am Oct 12, 2016 10:59am
EURUSD M1 +31 PIPS in total (avg. +3.1pips @10LOTS)

- FIFO trading
- Bullish trend on M1
- Price above the Dragon and broke the previous resistance level (see chart)
- Exited the trade right above the 200EMA
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2016-10-12 om 17.53.58.png Size: 72 KB
  • #4,840
  • Oct 12, 2016 11:02am Oct 12, 2016 11:02am
Quoting MyxoMop
{quote} Maybe... 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! {image}
Nice trade MyxoMop

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.
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