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PVSRA Scalping with Cigarguy

  • #5,221
  • Nov 1, 2016 10:11am Nov 1, 2016 10:11am
UJ M1 FIFO Scalp +11 Quick little retrace scalp from the 104.600 key level for some easy pips with a small MM sting....... Didn't stay in long as looking for a retrace from the 104.500 level area as possible short term support or at least a PA stall....
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-11-01_08-18-07_USDJPYi_M1_.png Size: 49 KB
Keep It Simple
  • #5,222
  • Nov 1, 2016 10:20am Nov 1, 2016 10:20am
The current CSM for stalking purposes not Buy or Sell signals and remember this has a short shelf life......use only for picking the currencies you want to stalk for possible PVSRA entries.....
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_466 Nov. 01 08.29.jpg Size: 237 KB
Keep It Simple
  • #5,223
  • Nov 1, 2016 10:31am Nov 1, 2016 10:31am
Quoting cigarguy
UJ M1 FIFO Scalp +11 Quick little retrace scalp from the 104.600 key level for some easy pips with a small MM sting....... Didn't stay in long as looking for a retrace from the 104.500 level area as possible short term support or at least a PA stall.... {image}

This is the small sneaky MM retrace from the 104.500 that would have taken my profit on the above scalp that's why we FIFO scalp and then wait for another entry.......
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-11-01_08-38-37_USDJPYi_M1_.png Size: 49 KB
Keep It Simple
  • #5,224
  • Nov 1, 2016 10:49am Nov 1, 2016 10:49am
Quoting cigarguy
The current CSM for stalking purposes not Buy or Sell signals and remember this has a short shelf life......use only for picking the currencies you want to stalk for possible PVSRA entries..... {image}
Can't find this on post 1. Can you please share this?
I Win, I Lose, It's my Job... And I Love it!
  • #5,225
  • Nov 1, 2016 11:10am Nov 1, 2016 11:10am
UJ M5 FIFO Scalps +184 Many FIFO entries from 104.500 key level support.......Gotta love stinging those MM's as grabbing their momentum.....
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-11-01_09-18-09_USDJPYi_M5_.png Size: 55 KB
Keep It Simple
  • #5,226
  • Nov 1, 2016 11:12am Nov 1, 2016 11:12am
Quoting umairsheikh2
{quote} Can't find this on post 1. Can you please share this?
It's in the above paper clip...
Keep It Simple
  • #5,227
  • Nov 1, 2016 11:15am Nov 1, 2016 11:15am
Quoting cigarguy
UJ M5 FIFO Scalps +184 Many FIFO entries from 104.500 key level support.......Gotta love stinging those MM's as grabbing their momentum..... {image}
cigarguy，
You did that manually?
Be a spectator, not a player
  • #5,228
  • Nov 1, 2016 11:19am Nov 1, 2016 11:19am
Quoting wiserltz
{quote} cigarguy， You did that manually?
wiserltz,

Yep......just kept adding with the MM momentum as a quick CT trade knowing it was short lived with the USD vs JPY weakness. As soon as I see price stall (lack of MM momentum) then quickly close...Yes it is risky but that is what we do trade what we see with the smart money aka institutions as they make their money with their sneaky market manipulation and the key is momentum....NO momentum NO trade.....

I don't care how the MM's run PA, but only watch my chart and trade what we see not what we think.
Keep It Simple
  • #5,229
  • Nov 1, 2016 11:32am Nov 1, 2016 11:32am
Quoting cigarguy
{quote} wiserltz, Yep......just kept adding with the MM momentum as a quick CT trade knowing it was short lived with the USD vs JPY weakness. As soon as I see price stall (lack of MM momentum) then quickly close...Yes it is risky but that is what we do trade what we see with the smart money aka institutions as they make their money with their sneaky market manipulation and the key is momentum....NO momentum NO trade..... I don't care how the MM's run PA, but only watch my chart and trade what we see not what we think.
Wow, should be quick there
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5.png Size: 61 KB
Be a spectator, not a player
  • #5,230
  • Nov 1, 2016 11:35am Nov 1, 2016 11:35am
Quoting cigarguy
{quote} wiserltz, Yep......just kept adding with the MM momentum as a quick CT trade knowing it was short lived with the USD vs JPY weakness. As soon as I see price stall (lack of MM momentum) then quickly close...Yes it is risky but that is what we do trade what we see with the smart money aka institutions as they make their money with their sneaky market manipulation and the key is momentum....NO momentum NO trade..... I don't care how the MM's run PA, but only watch my chart and trade what we see not what we think.

Not mine! I want their reasons! Maybe I trade in As and the movement is low, enough time to get the reasons
Be a spectator, not a player
  • #5,231
  • Nov 1, 2016 11:39am Nov 1, 2016 11:39am
Quoting wiserltz
{quote} Not mine! I want their reasons!
Yes, much safer your way......I have just been scalping for a long time.....
Keep It Simple
  • #5,232
  • Edited 7:32pm Nov 1, 2016 12:51pm | Edited 7:32pm
AUDJPY M5, trade becuse Ny & Lc work together this time, trend continuing ...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDJPYM5.png Size: 65 KB
Click to Enlarge Name: AUDJPYM1.png Size: 59 KB
Be a spectator, not a player
  • #5,233
  • Nov 1, 2016 1:09pm Nov 1, 2016 1:09pm
Quoting wiserltz
AUDJPY M5, trade becuse Ny & Lc work together this time, trend continuing ... {image}
You can adjust your profit/loss flag to be seen in the trade levels indicator if you wish....
Keep It Simple
  • #5,234
  • Nov 1, 2016 1:15pm Nov 1, 2016 1:15pm
Quoting wiserltz
AUDJPY M5, trade becuse Ny & Lc work together this time, trend continuing ... {image}
The M1 chart will show the high volume momentum entries to take the ride with the MM's..... These entries are often not visible on the higher t/f's.
Keep It Simple
  • #5,235
  • Nov 1, 2016 1:28pm Nov 1, 2016 1:28pm
Quoting cigarguy
{quote} The M1 chart will show the high volume momentum entries to take the ride with the MM's..... These entries are often not visible on the higher t/f's.
Yes, I will change the flag.
Actually I trade that on M1 chart, but the notebook screen is too small, screen shot is not very good to see
Be a spectator, not a player
  • #5,236
  • Nov 1, 2016 2:07pm Nov 1, 2016 2:07pm
Quoting wiserltz
{quote} Yes, I will change the flag. Actually I trade that on M1 chart, but the notebook screen is too small, screen shot is not very good to see
Your call but nice for all to see....
Keep It Simple
  • #5,237
  • Edited 10:06pm Nov 1, 2016 8:21pm | Edited 10:06pm
Circles, prices was controlled by MM, they don't want us, short on relative "high" price level
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM1.png Size: 65 KB


Here it is, exit because retrace is getting higher
Attached Image (click to enlarge)
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Be a spectator, not a player
  • #5,238
  • Nov 2, 2016 1:36am Nov 2, 2016 1:36am
Hello all. I have discussed on PM with Cigarguy and I have his permission to share an idea here with you. It does involve adding some squiggly lines so I know that it may not be everyones cup of tea here but I think it could be really useful for timing entries. I will use a series of charts to explain step by step. Please note that this is just experimental at this stage. I will not mention any of the current PVSRA methods in my description but only because you should all be familiar.

Below is a basic chart of EU M5 with the MA Ribbon that Cigarguy uses sometimes and has shared here already. My settings are 34 LWMA and 50 SMA.
At the bottom I have added a 14 period RSI which I have then added coloured rectangles to just to highlight certain conditions.

When the 14 RSI is generally above 50 (bullish) I have coloured the area blue - notice that the MA Ribbon is also bullish.
When the 14 RSI is generally below 50 (bearish) I have coloured the area maroon - notice that the MA Ribbon is also bearish.
When the 14 RSI is meandering above and below 50 (neutral) I have coloured the area grey - notice that PA and the MA Ribbon is also neutral.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 37 KB


Here is the same chart but I have set the RSI colour to none and added a 9 period smoothed MA to it just to give it a smoother appearance. I have also added a 3 period RSI (green line).

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 41 KB


Now I have added small squares to highlight points at which the 3 period RSI becomes OB (above 70) and OS (below 30).
You will notice that when the 14 period RSI is bullish and the 3 period RSI is OverSold, this is the ideal time to buy.
And when the 14 period RSI is bearish and the 3 period RSI is OverBought, this is the ideal time to sell.
I have also added a 10 level and a 90 level.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 46 KB


As the 14 Period RSI is basically giving the same info as the MA Ribbon it would be possible to drop it and only use the 3 period RSI for entry signals but my personal preference would be to use both.

Finally, this is a possibility of how it could look.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 52 KB


I have checked this out on various currency pairs and it looks good accross the board.

My intention here is only to help to try to improve what we are doing here - as I see it PVSRA is an awesome way to trade and this could just be a useful addition to the tool box.

I welcome any thoughts.
Indentify > Plan > Accept > Execute
  • #5,239
  • Nov 2, 2016 2:58am Nov 2, 2016 2:58am
Enter long on break of 1.2250 key level and retrace and then break of 50 ema with volume headed up
Attached Image (click to enlarge)
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Pivot Boss in the making~
  • #5,240
  • Nov 2, 2016 3:09am Nov 2, 2016 3:09am
Short AUDJPY + 5,2 pips

- Overall bias down (with CM strenght, 10 MA's down on multiple time frames, dragon heading down)
- Pullback to 200MA, 50MA and DS1 that are on top of each other
- Strong rejection with significant candle and volume

Hit tp at recent lows
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 96 KB
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