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PVSRA Scalping with Cigarguy

  • #5,281
  • Nov 3, 2016 10:08am Nov 3, 2016 10:08am
EU M1 FIFO Scalp +18 (avg. +1.8 @ 10 lots) Scalped the new hour candle momentum with lots left on the table but as usual I'm OK with quick snipes +142 from the market works for me......The key is keeping it simple and following he MM's momentum as they show the way trading with the smart money trading what we see not what we think.......
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Keep It Simple
  • #5,282
  • Nov 3, 2016 10:25am Nov 3, 2016 10:25am
EU M1 FIFO Scalp +25 (avg. +2.5 @ 10 lots) The MM's are making these quick scalps too easy today now + 167 my trigger finger is getting tired....lol.....
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Keep It Simple
  • #5,283
  • Nov 3, 2016 11:05am Nov 3, 2016 11:05am
EU M1 Scalp +23 (avg. +2.3 @ 10 lots) Took a bit longer then expected with some DD but today was OK with +190........
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Keep It Simple
  • #5,284
  • Nov 3, 2016 11:59am Nov 3, 2016 11:59am
I'm done for today time for some rest and a cigar as the MM's game up some nice pips today......

I hope those trading the Asian Session make some pips as well....

Attached Image
Keep It Simple
  • #5,285
  • Nov 3, 2016 12:16pm Nov 3, 2016 12:16pm
EU M1 FIFO Scalp +26 (avg. +2.6 @ 10 lots) Attempted to take a rest and then saw this and could not resist some easy pips and left lots on the table with the EUR strength vs USD..... but I'm OK + 216 for today don't want to be greedy and caught in a fast big retrace at this level above RWH. PA can drop like a rock with lots of profit taking on this nice run up with a retrace back to the 50 or 200 ema area......
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Keep It Simple
  • #5,286
  • Nov 3, 2016 1:51pm Nov 3, 2016 1:51pm
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  • #5,287
  • Nov 3, 2016 2:01pm Nov 3, 2016 2:01pm
Quoting saiffx
{image}
Nice...
Keep It Simple
  • #5,288
  • Nov 3, 2016 9:04pm Nov 3, 2016 9:04pm
USDJPY M1 +5PIPS

Reasons for going LONG

- Went LONG after PA broke the 200EMA and the key resistance level 103.000 with high momentum and high bullish volume
- Closed it when it reached RDL and got my target reached as well
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  • #5,289
  • Nov 4, 2016 2:05am Nov 4, 2016 2:05am
Dragon sloping downtrend and retrace to 200ema.
Enter short on bearish break of 50ema headed down with volume.
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Pivot Boss in the making~
  • #5,290
  • Nov 4, 2016 5:29am Nov 4, 2016 5:29am
Hello all,

I see that there has been a few downloads of the template that I uploaded but not much feedback so far. If you guys just don't like it I totally get that and it's cool. Those who are proficient at PVSRA trading probably don't need it anyway!

I see that you have tried it jurn_e - I'd be interested tohear your thoughts.

I probably won't be around for a while and I just wanted to add another little piece of what Im thinking.

If anyone has read Trading In The Zone by the Late Mark Douglas (I'm sure some of you have) you will know that he said that when ever you identify your edge on a chart take the trade. Some will win and some will lose. In order to be succssful in the end you have to give your edge a chance to play out, just like a casino does.

The chart below is GU H1. I have added a colour changing 50 EMA to the Dragon. When it is green it is trending up. I have maked the 3 period RSI at every point that it crosses back above 50 from below (Opposite in a downtrend for shorts). You will notice that quite often there is also a green volume candle too!

If every single one of these opportunities had been taken to enter long, every single one would have been a winner.

Cigarguy, I am really conscious that I am adding new bits and pieces to an already brilliant and complete system and you have been very accommodating and patient so far. I hope you are still ok with this. I won't be offended if you tell me to stop.

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Indentify > Plan > Accept > Execute
  • #5,291
  • Nov 4, 2016 6:05am Nov 4, 2016 6:05am
In my opinion this is a nice clean entry.

Price broke 1.2475 key level.
Price creating higher lows.
RSI Oversold and Price pullback to 200ema.
Price bounce off 200ema with bullish volume.
Enter and scalp for some nice pips.
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Pivot Boss in the making~
  • #5,292
  • Nov 4, 2016 7:39am Nov 4, 2016 7:39am
UJ M1 Very FIFO Scalp +27 (avg. +5.4 @ 5 lots) Very risky and not for the weak at heart.....
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Keep It Simple
  • #5,293
  • Edited 8:45am Nov 4, 2016 8:31am | Edited 8:45am
Quoting wizlon32
Hello all, I see that there has been a few downloads of the template that I uploaded but not much feedback so far. If you guys just don't like it I totally get that and it's cool. Those who are proficient at PVSRA trading probably don't need it anyway! I see that you have tried it jurn_e - I'd be interested tohear your thoughts. I probably won't be around for a while and I just wanted to add another little piece of what Im thinking. If anyone has read Trading In The Zone by the Late Mark Douglas (I'm sure some of you have) you will know that he...
wizlon32,

Each trader must find what works for them. I have traded about every system and indicator here at the FF through the years. None have provided me with the minimal information to be successful as our current PVSRA system and clean charts.

At times I have added indicators to our charts and after finding they offer no help but only confusion returned to our current charts.

Our charts and indicators offer what is needed to gain insight for us to trade with the MM's (aka smart money) and How The Market Really Works.

I applaud you for your insight and effort but as for me I will Keep It Simple.....

I believe we should keep our charts clean and our trading simple........
Keep It Simple
  • #5,294
  • Nov 4, 2016 9:01am Nov 4, 2016 9:01am
Quoting cigarguy
{quote} wizlon32, Each trader must find what works for them. I have traded about every system and indicator here at the FF
No problem. good luck to you and everyone here.

I love the PVSRA techniques and strategies that I have learned over the past couple of weeks and I will carry them forward in my trading. my ultimate aim is to create my own system using what I consider to be the best of everything that I learn.

perhaps when I have time I will resurrect my trading journal and add some of my new found knowledge.

Take care and I wish you many green pips.

Wiz
Indentify > Plan > Accept > Execute
  • #5,295
  • Nov 4, 2016 9:05am Nov 4, 2016 9:05am
Quoting wizlon32
{quote} No problem. good luck to you and everyone here. I love the PVSRA techniques and strategies that I have learned over the past couple of weeks and I will carry them forward in my trading. my ultimate aim is to create my own system using what I consider to be the best of everything that I learn. perhaps when I have time I will resurrect my trading journal and add some of my new found knowledge. Take care and I wish you many green pips. Wiz
Keep It Simple
  • #5,296
  • Edited 9:43am Nov 4, 2016 9:28am | Edited 9:43am
UJ M1 FIFO Scalp +51 (avg. +5.1 @ 10 lots) Entered on break of 103.000 key level with notable volume and all ema's headed up had some DD that found support at the 50 ema as my mental stop area so held this trade.....

+78 pips on a Friday works for me.....I'm done......
Attached Image (click to enlarge)
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Keep It Simple
  • #5,297
  • Nov 5, 2016 7:30am Nov 5, 2016 7:30am
Hello Mr Cigarguy

I am a little confused with how you post your results, what does the +51 mean in this example-- is that your profit $?

Scalp +51 (avg. +5.1 @ 10 lots)

If you are scalping a few pips each day, on average how long is your trading day?


Thanks
Dragon Rider
  • #5,298
  • Nov 5, 2016 7:36am Nov 5, 2016 7:36am
Quoting barloc
Hello Mr Cigarguy I am a little confused with how you post your results, what does the +51 mean in this example-- is that your profit $? Scalp +51 (avg. +5.1 @ 10 lots) If you are scalping a few pips each day, on average how long is your trading day? Thanks
Start at Post one all is explained.
Keep It Simple
  • #5,299
  • Nov 5, 2016 7:43am Nov 5, 2016 7:43am
$10 pip value per lot --> 10 lots *5pips = 500 $

That is why I am a little confused with how you write the trade results.

If its not a $ value then what is that number.

I figure that the trade is treated as if it was 10 , 1 lot trades and that number is the accumulation of all trades.
Dragon Rider
  • #5,300
  • Edited 9:22am Nov 5, 2016 8:47am | Edited 9:22am
Quoting barloc
$10 pip value per lot --> 10 lots *5pips = 500 $ That is why I am a little confused with how you write the trade results. If its not a $ value then what is that number. I figure that the trade is treated as if it was 10 , 1 lot trades and that number is the accumulation of all trades.
barloc,

I see that you have been around FF for awhile surprised you don't know, but OK it's Saturday and I have the time so here you are;

I Micro lot = 1/100th o a lot or 1,000 units of the base currency. A micro lot usually is the smallest position size that you can trade with. If one micro lot of the EUR/USD for instance, is being traded, each pip would be worth $0.1, as opposed to $10 for a standard lot.

  1. A standard lot = 100,000 units of base currency
  2. A mini lot = 10,000 units of base currency
  3. A micro lot = 1,000 units of base currency
  4. A nano lot = 100 units of base currency


As I explained at Post #1, we DO NOT DISCUSS MONEY here because we focus on successfully making pips. We do not discriminate and care if a trader is trading $0.01 or $10.00 standard, that is their personal business. Our mission is to make pips and help each other in the process by sharing ideas and posting charts with explanations, not for bragging rights, but as TRADERS HELPING TRADERS. All traders are encouraged to post loosing trades as well as winning trades to help as a learning experience for all to see.

Again, if you are interested in learning our PVSRA scalping system, start at Post #1 and read the many excellent posts and explanations provided throughout this thread by many successful PVSRA scalpers. There is no jumping to the head of the line, PVSRA trading is not easy and requires study and practice to become successful and of course if you would have read Post 1 as suggested you would have known this.....

Good Luck,
Cigarguy

Keep It Simple
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