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PVSRA Scalping with Cigarguy

  • #4,881
  • Oct 14, 2016 12:51pm Oct 14, 2016 12:51pm
Quoting robmagario
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! {image}
Your entry looks interesting....lol.......
Keep It Simple
  • #4,882
  • Oct 14, 2016 1:00pm Oct 14, 2016 1:00pm
Thanks to FIFO Scalping pips safely banked for the week end.....lol.....
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Keep It Simple
  • #4,883
  • Oct 14, 2016 1:06pm Oct 14, 2016 1:06pm
Quoting cigarguy
{quote} Your entry looks interesting....lol.......
I saw that we entered almost at the same time lol
  • #4,884
  • Oct 14, 2016 1:09pm Oct 14, 2016 1:09pm
[quote=robmagario;9199075]{quote} I saw that we entered almost at the same time lol [/qu

Yes Sir......I just waited a bit for the break of the last candle and 103.900 key level a little more conservative this time of day on Friday.....

I stand corrected on 2nd look at your entry, yes almost the same......
Keep It Simple
  • #4,885
  • Oct 14, 2016 1:15pm Oct 14, 2016 1:15pm
[quote=cigarguy;9199079]
Quoting robmagario
{quote} I saw that we entered almost at the same time lol [/qu Yes Sir......I just waited a bit for the break of the last candle and 103.900 key level a little more conservative this time of day on Friday..... I stand corrected on 2nd look at your entry, yes almost the same......
Yes, your entry was safer than mine. I saw that the shadow (hige) of the second red candlestick had already gone lower than the first red candlestick, so I thought PA would go lower than that after a series of high volumes.
  • #4,886
  • Oct 14, 2016 1:21pm Oct 14, 2016 1:21pm
[quote=robmagario;9199091]
Quoting cigarguy
{quote} Yes, your entry was safer than mine. I saw that the shadow (hige) of the second red candlestick had already gone lower than the first red candlestick, so I thought PA would go lower than that after a series of high volumes.

rob,

Not to worry my friend.........Not a perfect world and some entries are subjective with any system and discretionary.....You have been here a long time and made many great entries with nice + pips.....
Keep It Simple
  • #4,887
  • Oct 14, 2016 1:42pm Oct 14, 2016 1:42pm
[quote=cigarguy;9199102]
Quoting robmagario
{quote} rob, Not to worry my friend.........Not a perfect world and some entries are subjective with any system and discretionary.....You have been here a long time and made many great entries with nice + pips.....
Thanks Cigarguy, by the way, I am spending my holiday in Seoul right now! Because of you and other traders that always help me here, I was able to make some profit and I am now enjoying my weekend here! I will be back to Hong Kong next week!
  • #4,888
  • Oct 14, 2016 1:55pm Oct 14, 2016 1:55pm
MM didn't disappointed me this time
Attached Image (click to enlarge)
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Be a spectator, not a player
  • #4,889
  • Oct 14, 2016 2:29pm Oct 14, 2016 2:29pm
[quote=robmagario;9199131]
Quoting cigarguy
{quote} Thanks Cigarguy, by the way, I am spending my holiday in Seoul right now! Because of you and other traders that always help me here, I was able to make some profit and I am now enjoying my weekend here! I will be back to Hong Kong next week!
rob,

That is great to hear.....Have a nice holiday and looking forward to your upcoming posts.....
Keep It Simple
  • #4,890
  • Oct 14, 2016 2:30pm Oct 14, 2016 2:30pm
Quoting wiserltz
MM didn't disappointed me this time {image}
wiserltz,

Isn't it nice when a plan does come together especially on a Friday to end the week with pips banked.....Nice Trades.....
Keep It Simple
  • #4,891
  • Oct 15, 2016 12:08am Oct 15, 2016 12:08am
Quoting cigarguy
{quote} wiserltz, Isn't it nice when a plan does come together especially on a Friday to end the week with pips banked.....Nice Trades.....
Took more than 6 hours
Be a spectator, not a player
  • #4,892
  • Oct 15, 2016 1:33am Oct 15, 2016 1:33am
Quoting cigarguy
{quote} 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....
Yep. Every nuance, you mentioned, as well as weak, but bad news for GBP (Construction Output m/m -1.5% vs. 0.0%), gave me more confidence to go south.
1-st hour of London session; Dragon retracement on 5M; 3 red candles at a row (without green ones); and of course bearish trend on a HTF.
  • #4,893
  • Oct 15, 2016 2:14am Oct 15, 2016 2:14am
Quoting MyxoMop
{quote} Yep. Every nuance, you mentioned, as well as weak, but bad news for GBP (Construction Output m/m -1.5% vs. 0.0%), gave me more confidence to go south. 1-st hour of London session; Dragon retracement on 5M; 3 red candles at a row (without green ones); and of course bearish trend on a HTF.
I think your trade was really good. You managed to combine PVSRA with the direction that you obtained from news for confirmation of what direction you should take. Very well done.
  • #4,894
  • Oct 15, 2016 2:16am Oct 15, 2016 2:16am
Quoting wiserltz
{quote} Took more than 6 hours
Very well done! I really admire your trades and I wish one day I can trade like that :-)
  • #4,895
  • Oct 15, 2016 3:44am Oct 15, 2016 3:44am
Quoting robmagario
{quote} Very well done! I really admire your trades and I wish one day I can trade like that :-)

Nothing special, use pvsra find trend, then buy low sell high
Be a spectator, not a player
  • #4,896
  • Oct 15, 2016 5:06am Oct 15, 2016 5:06am
Quoting robmagario
{quote} I think your trade was really good. You managed to combine PVSRA with the direction that you obtained from news for confirmation of what direction you should take. Very well done.
Thank you!

Yes, it's really easy to enter the trade, when most factors are pointing towards your trade direction.
PVSRA has reduced the number of required for decision-making factors to a minimum.
Thats why I love it!
But, anyway, we must be prepared to worst case scenario.

Have a great weekend everyone!
  • #4,897
  • Oct 15, 2016 5:09am Oct 15, 2016 5:09am
Quoting wiserltz
{quote} Nothing special, use pvsra find trend, then buy low sell high
That's what I'm talking about
  • #4,898
  • Edited 10:30am Oct 16, 2016 10:04am | Edited 10:30am
PVSRA Scalpers,

Looking forward to all making some nice GREEN pips this week and remember;

Keep It Simple and let the MM's show the way as you grab their shirt tails with momentum to profits..... (Trading with the Institutions aka Smart Money)

We don't need lots of squiggly lagging indicators, only our template as we learn to watch and understand PA and volume for momentum and key levels for S & R and then enter with MM momentum for our quick pips.

Want more pips then trading 1 lot for 5 pips? Increase your lots as you become proficient with PVSRA scalping as can be seen with the many posted examples with great explanations.......

Cigarguy
Keep It Simple
  • #4,899
  • Oct 16, 2016 10:37am Oct 16, 2016 10:37am
Shame, MT4 won't let me place sell/buy limit/stop order during weekend ...
Be a spectator, not a player
  • #4,900
  • Edited 10:58am Oct 16, 2016 10:46am | Edited 10:58am
Quoting cigarguy
PVSRA Scalpers, Looking forward to all making some nice GREEN pips this week and remember; Keep It Simple and let the MM's show the way as you grab their shirt tails with momentum to profits..... (Trading with the Institutions aka Smart Money) We don't need lots of squiggly lagging indicators, only our template as we learn to watch and understand PA and volume for momentum and key levels for S & R and then enter with MM momentum for our quick pips. Want more pips then trading 1 lot for 5 pips? Increase your lots as you become proficient with...
For those new to PVSRA scalping;

This M1 UJ chart shows many good PVSRA entries were 5 pips could have easily been reached. Sure this in hind sight but these entry opportunities happen many times during each trading session.

Many scalpers here have made some very nice profits with multiple lots while targeting + / - 5 pips as their t/p.

(I used HA candles here on one black background chart and our PVSRA candles on the other , but the template is your choice. I just posted these 3 charts to give you an idea of the different visuals but each trader must find what works for them)

Just food for thought....
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Keep It Simple
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