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PVSRA Scalping with Cigarguy

  • #4,861
  • Oct 13, 2016 9:54am Oct 13, 2016 9:54am
Quoting wiserltz
{quote} , it is a patience test
You passed this test with flying colors evidenced by your profits........lol......
Keep It Simple
  • #4,862
  • Oct 13, 2016 10:13am Oct 13, 2016 10:13am
Quoting cigarguy
{quote} thilord, Wow my friend.....you have been kicking B_ _ _ with these winning trades.......Good Job....
Thanks a lot CigarGuy ... i'm sure you're killing it as well
  • #4,863
  • Oct 13, 2016 10:16am Oct 13, 2016 10:16am
Quoting thilord
{quote} Thanks a lot CigarGuy ... i'm sure you're killing it as well
Not today as other priority business obligations.....
Keep It Simple
  • #4,864
  • Oct 13, 2016 11:08am Oct 13, 2016 11:08am
Long on USD JPY M1
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  • #4,865
  • Oct 13, 2016 4:25pm Oct 13, 2016 4:25pm
Quoting cigarguy
{quote} You passed this test with flying colors evidenced by your profits........lol......
I will try my best
One thing for sure, MM is always the best, and undefeatable
Attached Image (click to enlarge)
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Be a spectator, not a player
  • #4,866
  • Oct 13, 2016 7:20pm Oct 13, 2016 7:20pm
Quoting revill
hey guys thank you for your support! Just a simple question where do you get this low spreads from? I am at fxpro and I have 1.5+ spread and I am very jealous seeing you having 0.2 - 0.8 spread which is much better for scalping. Searching an european broker where I can get this awesome spreads. Maybe you can name me some. Thanks a lot
That's the difference between STP brokers and ECN brokers. Your current broker gives you 1.5+ spread, but they probably don't charge you any commissions. ECN brokers will give you much less spread, but they will charge you commissions.
  • #4,867
  • Oct 14, 2016 12:09am Oct 14, 2016 12:09am
USDJPY M1 +67PIPS in total (avg. +6.7pips @10LOTS)

- Bullish trend on multiple timeframes
- Dragon nose pointing up
- Notable increase in volume
Attached Image (click to enlarge)
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  • #4,868
  • Edited 2:38am Oct 14, 2016 12:38am | Edited 2:38am
cigarguy,

For your reference!
Some comments about 2016.10.12 and 2016.10.13 EURJPY M5 M1

With their document in mind, next day 2016.10.13 (yesterday), the trend is almost same, the price level is the same also. So I traded at Lc, blindly, no PVSRA, no any other skill, just sell and buy same as the day before. More than 20 trades, 90% green, although some profits are very small. Even the 2 or 3 red ones, from PVSRA POM are very wrong, I still took it.

A evidence previous activity did expose MM's intention ....
PS: And sometimes our analysis is useless, only get us trapped!
Attached Image(s) (click to enlarge)
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Be a spectator, not a player
  • #4,869
  • Oct 14, 2016 2:12am Oct 14, 2016 2:12am
EURJPY trend isn't clear, some green pips for starter is fine
Attached Image (click to enlarge)
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Be a spectator, not a player
  • #4,870
  • Oct 14, 2016 2:26am Oct 14, 2016 2:26am
MM's activity above whole number and below bearish Dragon.
1-st entry was perfect, but again was closed too early.
2-nd and 3-rd entries was risky, but momentum did its work.

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  • #4,871
  • Oct 14, 2016 2:34am Oct 14, 2016 2:34am
Quoting MyxoMop
MM's activity above whole number and below bearish Dragon. 1-st entry was perfect, but again was closed too early. 2-nd and 3-rd entries was risky, but momentum did its work. {image} {image}
Be a spectator, not a player
  • #4,872
  • Oct 14, 2016 4:59am Oct 14, 2016 4:59am
Attached Image (click to enlarge)
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  • #4,873
  • Oct 14, 2016 5:04am Oct 14, 2016 5:04am
Quoting saiffx
{image}
Hi what these candle color and what in upper right on your chart can you share with us
  • #4,874
  • Oct 14, 2016 6:33am Oct 14, 2016 6:33am
Quoting firas1980
{quote} Hi what these candle color and what in upper right on your chart can you share with us
Here it is.


Saiffx
Attached File(s)
File Type: ex4 MACD Trend Candles v3.ex4   30 KB | 516 downloads
  • #4,875
  • Oct 14, 2016 9:39am Oct 14, 2016 9:39am
Quoting MyxoMop
MM's activity above whole number and below bearish Dragon. 1-st entry was perfect, but again was closed too early. 2-nd and 3-rd entries was risky, but momentum did its work. {image} {image}
MyxoMop,

You go it....Although we may see a red or green candle with corresponding volume, attention must be given to other conditions confirming a higher percentage high momentum entry. Such as; time of day/Session, post news or pending, currency strength etc.

As all are aware, just because a candle and volume appears red or green indicating bearish/bullish all are not good entries absent momentum. This is the time you would look to a higher t/f from M1 such as M5 or M15 to confirm if you are entering on a retrace with the trend or CT. It is not always the case, but trading with the new one hours candle often will offer a good high momentum entry opportunity.

Momentum is the key to quickly take you to your t/p so as not to get caught in a retrace situation.

Cigarguy
Keep It Simple
  • #4,876
  • Oct 14, 2016 9:39am Oct 14, 2016 9:39am
Quoting saiffx
{image}
Nice as usual.....
Keep It Simple
  • #4,877
  • Oct 14, 2016 10:36am Oct 14, 2016 10:36am
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  • #4,878
  • Oct 14, 2016 10:39am Oct 14, 2016 10:39am
Quoting saiffx
{image}
Keep It Simple
  • #4,879
  • Oct 14, 2016 10:47am Oct 14, 2016 10:47am
USDJPY M1 +5PIPS

I got here a bit late but I was still able to make money.
Reasons for entering SHORT
- After I got a red candlestick with high volume, I wanted to make sure that we were in fact moving away from key resistance level 104.000,
so I waited for a retracement and saw a second red candlestick with high volume forming
- I waited for a retracement again and got into the trade when that retracement was over
Reached my target and exited.

It just took me 3 minutes!
Attached Image (click to enlarge)
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  • #4,880
  • Oct 14, 2016 10:50am Oct 14, 2016 10:50am
UJ M1 +29 (avg. +5.8 @ 5 lots) See chart for explanation
Attached Image (click to enlarge)
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Keep It Simple
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