UJ M1 +5 pips nabbed! PVSRA sniping did it again! Loaded up my charts and saw this setup on UJ M1 TF. Did everything that was outlined by our seniors here. PA broke previous high, waited for a small pull back...but nope didn't happen...waited for a few more seconds then...the green volume bar popped out and in I went. Few minutes later....yay PA hit the TP! Green pips everyone! {image}
PVSRA Scalping with Cigarguy
- #5,401
- Nov 9, 2016 11:57pm Nov 9, 2016 11:57pm
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
- #5,402
- Edited 4:14am Nov 10, 2016 1:43am | Edited 4:14am
- Joined Jun 2016 | Status: Trader | 2,402 Posts
Ema 50 & 200 flat, volume increase at bottom
Close early
Then I see their target is far above half level, so enter again
Same tricks
Sure, the trend is unfinished yet! RDH & RWH is near, I close the trades
Close early Then I see their target is far above half level, so enter again
Same tricks
Sure, the trend is unfinished yet! RDH & RWH is near, I close the trades Be a spectator, not a player
- #5,403
- Nov 10, 2016 2:38am Nov 10, 2016 2:38am
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
- #5,404
- Nov 10, 2016 2:41am Nov 10, 2016 2:41am
- Joined Jun 2016 | Status: Trader | 2,402 Posts
{quote} You are definitely one of the best traders in this thread. Thanks for always posting great trades!
Be a spectator, not a player
- #5,412
- Nov 10, 2016 5:25am Nov 10, 2016 5:25am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Wow....Too many good trades to single any one out.
...Congrats to all for taking the time to post these great charts and explanations...
I've been busy with other outside business issues and appreciate each trader like Rob, Vape and others who has been with me on this thread for a long time for helping others by answering their questions and concerns.
This is YOUR PVSRA Scalping thread so all are welcomed to offer constructive answers as Traders Helping Traders and helping to keep posts true to our current clean PVSRA charts.
...Congrats to all for taking the time to post these great charts and explanations...I've been busy with other outside business issues and appreciate each trader like Rob, Vape and others who has been with me on this thread for a long time for helping others by answering their questions and concerns.
This is YOUR PVSRA Scalping thread so all are welcomed to offer constructive answers as Traders Helping Traders and helping to keep posts true to our current clean PVSRA charts.
Keep It Simple
- #5,413
- Nov 10, 2016 5:41am Nov 10, 2016 5:41am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M1 Very FIFO scalp (about 10 seconds) +26 (avg. +5.3 @ 5 lots) Not much explanation needed on this one but see chart....
Keep It Simple
- #5,415
- Nov 10, 2016 5:45am Nov 10, 2016 5:45am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
CADJPY -9 Too soon GBPUSD+7 Price reversal EURJPY +5 Lower low and retrace {image} {image} {image}
Just a suggestion; be careful with your volume entries. On your Cad chart you shorted on stopping volume right after a Bullish green high volume candle and volume bar and dragon and ema's strongly headed up......
Keep It Simple
- #5,416
- Nov 10, 2016 5:57am Nov 10, 2016 5:57am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
wiserltz,
Notice you have been helping others a lot as well and posting nice charts and explanations.....Thanks My Friend.....
Notice you have been helping others a lot as well and posting nice charts and explanations.....Thanks My Friend.....
Keep It Simple
- #5,417
- Nov 10, 2016 6:12am Nov 10, 2016 6:12am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M1 FIFO scalp +11 (avt. +2.1 @ 5 lots) See chart nothing difficult here just a quick little FIFO scalp.
Keep It Simple
- #5,418
- Edited 6:34am Nov 10, 2016 6:20am | Edited 6:34am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M1 FIFO scalp +11 (avt. +2.1 @ 5 lots) See chart nothing difficult here just a quick little FIFO scalp.
Yes, its difficult to close with small pip profits when PA appears to be running strong, but small pips with nice size lots banked many times is safer in my opinion. I personally don't like much time for market exposure only to see your winners turned into looser by qick retraces. Just my 2 cents and style.
Small + / - 5 pips scalps can be observed and scalped all day on any pair and they do add up at the end of your trading day. Thus giving the trader time to enjoy the rest of the day away from trading with no market worries with winners in the bank.
Case and point; If not for FIFO scalping, both winning trades below would have been losers if not closed quickly.....
Keep It Simple
- #5,420
- Nov 10, 2016 6:34am Nov 10, 2016 6:34am
{quote} This is one reason I like quick FIFO scalps sniping many small + pips safely banked so these fast small retraces won't grab your profits. You know their coming with a bullish run up like this as profit taking usually around key level numbers....