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PVSRA Scalping with Cigarguy

  • #5,241
  • Nov 2, 2016 3:13am Nov 2, 2016 3:13am
EU M1 +5 pips

Jump into the trade when the momentum was quite strong at London open .
Attached Image (click to enlarge)
Click to Enlarge Name: PVSRA EU M1 02Nov.png Size: 37 KB
~I'll take 5 pips or whatever I can~
  • #5,242
  • Nov 2, 2016 4:44am Nov 2, 2016 4:44am
how do i use this system. Is there an indication and if so then where is it shown.
  • #5,243
  • Nov 2, 2016 7:26am Nov 2, 2016 7:26am
Quoting rjshrmsh2406
how do i use this system. Is there an indication and if so then where is it shown.
Start from the first page bro...
~I'll take 5 pips or whatever I can~
  • #5,244
  • Edited 10:30am Nov 2, 2016 9:30am | Edited 10:30am
Quoting Ropoy
{quote} Start from the first page bro...
Ropoy,

Thanks..... It never ceases to amaze me how some fail to read and understand a system and as trolls just stop at threads to grab indicators with no understanding what so ever of the system......
Keep It Simple
  • #5,245
  • Edited 11:25am Nov 2, 2016 10:08am | Edited 11:25am
Quoting wizlon32
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...
wizlon32,

I have observed your many excellent posts and explanations and could see that you are articulate in your trade management. Although I am adamant to remain true to our current proven successful PVSRA charts and system, I/we must remain open minded to change that may provide us with an additional edge considering the ever changing market conditions.

As per our PM discussion, I was confident that you would post a recommended thought out addition to our current PVSRA chart and system as you most certainly have. It is obvious that you have given your recommendation for change much thought with your, as always excellent detailed post and explanation of why and how this change could benefit our scalping system.......

Many offering change will indiscriminately add lagging squiggly indicators absent any thought only complicating and adding confusion to our clean PVSRA charts and adding no edge or value.

Personally, I am going to set up a test chart as your offered and watch it side by side with our current PVSRA chart on a test basis to see if it could offer value.

Thanks again for your dedication and time as "Thinking out of the box" ........

If you have the time it would be helpful if you would upload the suggested indicators and template here with your settings (although they are in the paper clip) to save time for those interested in setting up a test chart and offering their suggestions or opinions.

Thanks and Regards,
Cigarguy
Keep It Simple
  • #5,246
  • Nov 2, 2016 12:48pm Nov 2, 2016 12:48pm
UJ M5 +161 (avg +6.4 @ 25 lots) Entered long from multiple retests of RWL and 103.100 key level as support as profit taking was soon to occur with this big bearish run down as evidenced on the H1 chart.......t/p was at the 200 ema area probably left lots on the table but that's OK as many more entries too come and don't want to be greedy and caught in a retrace and loose my + pips........
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Snapshot2016-11-02_10-48-30_USDJPYi_M5_.png Size: 52 KB
Click to Enlarge Name: Snapshot2016-11-02_10-56-37_USDJPYi_H1_.png Size: 55 KB
Keep It Simple
  • #5,247
  • Nov 2, 2016 1:32pm Nov 2, 2016 1:32pm
Thanks for your appreciation and very kind words Cigarguy.

Here is a template and the indicators as requested.

I presume that you are happy for trade examples to be posted now showing the application of the RSIs?

Attached File(s)
File Type: zip PVSRA +2RSI Indicators.zip   342 KB | 686 downloads


Attached File(s)
File Type: tpl PRSRA+2RSI.tpl   156 KB | 539 downloads
Indentify > Plan > Accept > Execute
  • #5,248
  • Nov 2, 2016 1:41pm Nov 2, 2016 1:41pm
Quoting wizlon32
Thanks for your appreciation and very kind words Cigarguy. Here is a template and the indicators as requested. I presume that you are happy for trade examples to be posted now showing the application of the RSIs? {file} {file}
Thanks for the template and yes post with your usual great explanations so we can evaluate....
Keep It Simple
  • #5,249
  • Nov 2, 2016 2:01pm Nov 2, 2016 2:01pm
Ok here is my first offering, and I am glad to say that it was a winner

GU M5.
Price broke below whole number on high volume.
RSI 14 now below 50 level and MA Ribbon is bearish.
Retrace towards MA Ribbon and whole number and price stalled.
RSI 3 near 70 level and curling round so I entered short.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 55 KB
Indentify > Plan > Accept > Execute
  • #5,250
  • Nov 2, 2016 3:04pm Nov 2, 2016 3:04pm
AU M5 short +5

Possible high selling interest from Daily High.
MA Ribbon Bearish and down sloping = momentum.
Break of and then retrace to previous S/R.
RSI 14 below 50
RSI 3 very near 70 level and then turned down.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 63 KB
Indentify > Plan > Accept > Execute
  • #5,251
  • Nov 2, 2016 3:24pm Nov 2, 2016 3:24pm
Quoting wizlon32
Thanks for your appreciation and very kind words Cigarguy. Here is a template and the indicators as requested. I presume that you are happy for trade examples to be posted now showing the application of the RSIs? {file} {file}
hi,
for me is like this:
https://charts.mql5.com/13/27/chfjpy...up-limited.png

could u tell my why?
  • #5,252
  • Nov 2, 2016 4:06pm Nov 2, 2016 4:06pm
Quoting burson
{quote} hi, for me is like this: https://charts.mql5.com/13/27/chfjpy...up-limited.png could u tell my why?
At first I thought you were implying that I copied this from somewhere.

Are you asking me why your template hasn't worked?

If so I am not sure. What you do have looks correct but obviously some indicators are missing.

Did you copy the whole indicator file to your MT4 indicators folder and the template file to your template folder?
Indentify > Plan > Accept > Execute
  • #5,253
  • Nov 2, 2016 4:20pm Nov 2, 2016 4:20pm
Quoting burson
{quote} hi, for me is like this: https://charts.mql5.com/13/27/chfjpy...up-limited.png could u tell my why?
Actually at a guess it looks like you have applied the template file properly but you have done something wrong with the indicators. You need to download and copy the whole indicator file that I uploaded in to your MT4 indicator folder.

At the moment it looks to me that you have got GBPUSD info on a CHFJPY chart. The reason you have the GU info is that I used a GU chart to arrange the template prior to uploading.
Indentify > Plan > Accept > Execute
  • #5,254
  • Nov 2, 2016 5:17pm Nov 2, 2016 5:17pm
I put whole indicators in correct folder. This is my first time such behavior from seven years of contact with this program. Normally I am a fool ...

Attached Image (click to enlarge)
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  • #5,255
  • Nov 2, 2016 5:19pm Nov 2, 2016 5:19pm
Quoting burson
I put whole indicators in correct folder. This is my first time such behavior from seven years of contact with this program. Normally I am a fool ... {image} {image} {image}
Keep the folder of indicators that I uploaded intact and paste it complete in to your mt4 indicators folder

If you were to double click on that candle meter and then press delete, it would start disappearing because it is just a graphics copy and not an indicator. The template that you are using will try to use a specific file path to find the indicators.
Indentify > Plan > Accept > Execute
  • #5,256
  • Nov 2, 2016 5:28pm Nov 2, 2016 5:28pm
Quoting wizlon32
{quote} Keep the folder of indicators that I uploaded intact and paste it complete in to your mt4 indicators folder If you were to double click on that candle meter and then press delete, it would start disappearing because it is just a graphics copy and not an indicator. The template that you are using will try to use a specific file path to find the indicators.
Exactly reads only the graphics and not indicators of the file .tpl. Maybe something is wrong with him? I downloaded the file already 3 times and threw to the appropriate folder.
  • #5,257
  • Nov 2, 2016 5:31pm Nov 2, 2016 5:31pm
Quoting burson
{quote} Exactly reads only the graphics and not indicators of the file .tpl. Maybe something is wrong with him? I downloaded the file already 3 times and threw to the appropriate folder.
Burson, you opened the file that I uploaded and took the indicators out AND THEN you have pasted them to your mt4 indicators folder.

YOU NEED TO LEAVE THE FOLDER COMPLETELY INTACT AS I UPLOADED IT AND THEN COPY TO YOU MT4 INDICATORS FOLDER
Indentify > Plan > Accept > Execute
  • #5,258
  • Nov 2, 2016 5:51pm Nov 2, 2016 5:51pm
Quoting wizlon32
{quote} Burson, you opened the file that I uploaded and took the indicators out AND THEN you have pasted them to your mt4 indicators folder. YOU NEED TO LEAVE THE FOLDER COMPLETELY INTACT AS I UPLOADED IT AND THEN COPY TO YOU MT4 INDICATORS FOLDER
ok, I had the unzipped folder named PVSRA + 2RSI and move up to the folder with the indicators. sorry for the confusion, now it works. thanks.
  • #5,259
  • Nov 2, 2016 6:07pm Nov 2, 2016 6:07pm
Quoting burson
{quote} ok, I had the unzipped folder named PVSRA + 2RSI and move up to the folder with the indicators. sorry for the confusion, now it works. thanks.
No problem. Glad we got there
Indentify > Plan > Accept > Execute
  • #5,260
  • Nov 2, 2016 9:46pm Nov 2, 2016 9:46pm
UJ M1 +5 pips sniped!

First trade of the day! Smashed through the TP line in a little less than 8 minutes. I jumped on the trade because of the momentum. 'Dragon' was slanting downwards...basically UJ experiencing a strong bearish trend at the moment. So, I took the opportunity to go short. Green pips everyone!
Attached Image (click to enlarge)
Click to Enlarge Name: PVSRA UJ 03 Nov.png Size: 38 KB
~I'll take 5 pips or whatever I can~
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