PVSRA Scalping with Cigarguy

I am experimenting with higher leverage 1-2 pip trades, while risking 1-2 pips.

Scalp long after price break back above key level and 50ema with volume.

USDJPY 1M 2 trades, TOTAL +10PIPS

Reasons for 1st trade, +5PIPS, BULLISH
- Dragon was moving up
- I saw that PA tried to break 109.500 but failed 3 times, since Dragon was moving up, I imagined there would be another attempt again soon
- There was a pink candlestick with huge volume and the candlestick itself failed to break Dragon downwards, and PA started to go up again
- I entered when PA broke Dragon upwards
Got my target and exited

Reason for 2nd trade,+5PIPS, BULLISH
- After PA broke 109.500, there was a huge red candlestick on volume, but failed to reflect that size on price, so the PA candlestick was small
- I entered when PA started to go up again
Got my target and exited

Few more pips... counting the trades with the circles.

6 winners
2 trades were losers
1 trade - 0 pips but I paid commission so maybe 3 losers.

Metaquotes will not support MT4 nor upgrade it anymore according to the news on FF front page! What does it mean for the future of PVSRA? Do we have an MT5 version, for instance?

Personnally, I really don't like MT5, period!

Scalp short after price bounce off 50ema, 200ema and key level 1.2475, and break 50ema.

Update...even if I have a high win rate with 1:1 RR of 1.5 pips, I need extra trades to cover the commission costs to break even from the losing trades.
I will try to move all my trades to +.06 asap and try to let the good entries run to +5 or more pips.

I had many good entries today that could have given a lot of pips by just moving to BE and looking away.

GU, Just see the short opportunity

Last 2 for today, I was unable to follow my new rule to move to break even and let it run if PA showed potential. lol

The last trade was an easy 5 pips that I didnt take.

EU M1 +2. Explaination on chart.

EU M1 +1.8. Explaination on chart.



Should have kept open and gone for 5pip TP

PVSRA Scalpers,

For those posting charts not showing the Trade Levels flag, which shows your + /- pips etc., you can go to Post $5553 here to see how to adjust its height to appear on your charts;

http://www.forexfactory.com/showthre...30#post9256230

Cigarguy

Congrats Guys/Gals for the many good trades and explanations........Good to see so many grasping our PVSRA Scalping system and making nice pips..

EU M1 FIFO Scalp +54 ( avg. +2.7 @ 20 lots) See chart and waited for break of 200 ema as short term resistance...

USDJPY 1M +5PIPS

Reasons for going LONG
- Targeted a bounce back to resistance level 109.500 after a huge bearish move that finished and started to go bullish again

Scalp short after price broke key level with volume

EU M1 FIFO Scalp +160 (avg. +8 @ 20 lots) See chart as appears I could have entered sooner but I wanted to see if it broke the next resistance level for further Bullish confirmation or maybe a fast retrace....

UJ M1 FIFO Scalp +52 (avg. +2.6 @ 20 lots) Why FIFO scalping? Look at this chart and see for yourselves although this was a risky M1 scalp it was a retrace on M5 from the 200 ema as support........

Just took two almost identical (in terms of entry and exit price) trades in USDCAD for 2x +6.1 pips

The first one was pretty straight forward with pullback to the dragon and extremely strong rejection to the downside.
The second one was after another strong downmove and then a retrace to the recent highs with no significant volume.

Exited around the DO line for both trades

UJ M1 FIFO Scalp +78 (avg. +3.9 @ 20 lots) See chart as a risky discretionary scalp best for all to scalp with safer textbook PVSRA entries as rob and many others do......