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PVSRA Scalping with Cigarguy

  • #5,641
  • Nov 16, 2016 9:25pm Nov 16, 2016 9:25pm
Quoting jpdlegault
I cannot seem to find where the RMup and down along with the Average daily Range indis are? And jurn_e, won't the access panel stop showing, if the Trade level is not in use? {image} This should do the trick, right?
Asian Session is not the best normally to trade when learning a new system as lots of retraces and ranging normally. If time permits, either LO or NY Sessions offer the most volatility and trending. You're looking for every edge possible to fight the sneaky MM's.

I'm in the US so I don't trade London only NY and sometimes Asian, but that's your choice.
Keep It Simple
  • #5,642
  • Nov 16, 2016 9:27pm Nov 16, 2016 9:27pm
Quote
We have all been there I used to be a Indicator Junky but I went to Indicator rehab......lol.......

LOL! Yes doctor this is exactly where I need to be!?
On this other note then to follow up your last succesful entry, would a new entry at point A would have been a good one?

  1. considering that the dragon slope is even more pronounced
  2. a HV red candle went down from that .850 resistance line in dot format right below 108.900 level
  3. while an entry at B point would have not followed the rule although tempting that may be
  4. because it is still below dragon for one

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1_2016Nov17_05h19.png Size: 71 KB
  • #5,643
  • Nov 16, 2016 9:27pm Nov 16, 2016 9:27pm
Quoting wiserltz
I don't ! I take that as a stop hunt for bear, so short here, time will tell.... {image} Looks good not close yet! Their bear intention is very clear NOW! {image} Close that won't want extra retrace {image}
Just saw you charts late......Nice....
Keep It Simple
  • #5,644
  • Nov 16, 2016 9:28pm Nov 16, 2016 9:28pm
As for me I am in Canada in Montreal (EST) but because I am retired, I will sometimes trade at night (for me)
  • #5,645
  • Nov 16, 2016 9:32pm Nov 16, 2016 9:32pm
Quoting jpdlegault
{quote} LOL! Yes doctor this is exactly where I need to be!? On this other note then to follow up your last succesful entry, would a new entry at point A would have been a good one? considering that the dragon slope is even more pronounced a HV red candle went down from that .850 resistance line in dot format right below 108.900 level while an entry at B point would have not followed the rule although tempting that may be because it is still below dragon for one {image}
Yes, A was fine but I wouldn't try B a CT trade at this point while learning PVSRA...
Keep It Simple
  • #5,646
  • Nov 16, 2016 9:34pm Nov 16, 2016 9:34pm
Check!
  • #5,647
  • Nov 16, 2016 9:39pm Nov 16, 2016 9:39pm
Quoting jpdlegault
As for me I am in Canada in Montreal (EST) but because I am retired, I will sometimes trade at night (for me)
I'm retired here in the US as well but during London I'm....z z z z z z z z ....lol....

When I first started trading about 12 ago or so, I was a maniac and traded every session and got burn out.....and had to take pills to stay awake....Now I take my time and go slow and have fun while making money.
Keep It Simple
  • #5,648
  • Nov 16, 2016 9:55pm Nov 16, 2016 9:55pm
FIFO Scalp break key level with volume.
Attached Image (click to enlarge)
Click to Enlarge Name: Flatwhite_scalp29.PNG Size: 68 KB
Pivot Boss in the making~
  • #5,649
  • Nov 16, 2016 9:57pm Nov 16, 2016 9:57pm
Quoting jurn_e
FIFO Scalp break key level with volume. {image}
Nice and you had to be fast on the trigger with that one.....very FIFO.....

I don't see the daily open line indicator on your chart you may want to install it. On this trade it retraced as soon as it hit the DO line. Usually during a trading session PA know matter either Bullish or Bearish it will often return to the DO during that session...FYI.
Keep It Simple
  • #5,650
  • Nov 16, 2016 9:58pm Nov 16, 2016 9:58pm
Quoting cigarguy
{quote} I'm retired here in the US as well but during London I'm....z z z z z z z z ....lol.... When I first started trading about 12 ago or so, I was a maniac and traded every session and got burn out.....and had to take pills to stay awake....Now I take my time and go slow and have fun while making money.
Looking forward to do the same as well! It's hard for me, I've always been very active but now with all those pills I have to take just to stay alive, I need to slow down but in the process I want to become a bee LOL
  • #5,651
  • Nov 16, 2016 10:04pm Nov 16, 2016 10:04pm
Quoting jpdlegault
{quote} Looking forward to do the same as well! It's hard for me, I've always been very active but now with all those pills I have to take just to stay alive, I need to slow down but in the process I want to become a bee LOL
You will grasp it quickly with lots of screen time.

Case in point jurn_e has only been here for a short time and is now making lots of pips with nice trades and posts. Many others have learned PVSRA quickly as well....too many to name.

Quoting the Great Muhammad Ali "Float like a butterfly, sting like a bee" that's what PVSRA scalpers aspire too....
Keep It Simple
  • #5,652
  • Nov 16, 2016 10:12pm Nov 16, 2016 10:12pm
EUR is in historical lowest, the market seems stop here ....................
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDMonthly.png Size: 40 KB
Be a spectator, not a player
  • #5,653
  • Nov 16, 2016 10:31pm Nov 16, 2016 10:31pm
Quoting cigarguy
{quote} Nice and you had to be fast on the trigger with that one.....very FIFO..... I don't see the daily open line indicator on your chart you may want to install it. On this trade it retraced as soon as it hit the DO line. Usually during a trading session PA know matter either Bullish or Bearish it will often return to the DO during that session...FYI.
Added DO line. Price bounce off from there
Attached Image (click to enlarge)
Click to Enlarge Name: Flatwhite_scalp30.PNG Size: 66 KB
Pivot Boss in the making~
  • #5,654
  • Nov 16, 2016 10:34pm Nov 16, 2016 10:34pm
Quoting jurn_e
{quote} Added DO line. Price bounce off from there {image}
Yes....that's exactly what I was talking about...Now as your trading sessions progress watch how PA responds to this DO line as S & R and how it often returns during that session....
Keep It Simple
  • #5,655
  • Nov 16, 2016 10:39pm Nov 16, 2016 10:39pm
EU M1 FIFO Scalp +16 (avg. +0.8 small pips as PA stalled @ 20 lots) Quick little scalp not going anywhere with no momentum so quickly closed. This time in the trading session you take what you can get.......
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2016-11-16_21-43-43_EURUSDi_M1_.png Size: 54 KB
Keep It Simple
  • #5,656
  • Nov 16, 2016 10:45pm Nov 16, 2016 10:45pm
Quoting cigarguy
EU M1 FIFO Scalp +16 (avg. +0.8 small pips as PA stalled @ 20 lots) Quick little scalp not going anywhere with no momentum so quickly closed. This time in the trading session you take what you can get....... {image}
Short is risky, if someone do want that, need to be quick
Be a spectator, not a player
  • #5,657
  • Nov 16, 2016 10:50pm Nov 16, 2016 10:50pm
Quoting wiserltz
{quote} Short is risky, if someone do want that, need to be quick
Yes for sure I am quick like a rocket.....Only sniped this little scalp out of boredom...and listening to Christina Aguilera's music almost time for a cigar and beer.
Keep It Simple
  • #5,658
  • Nov 16, 2016 10:53pm Nov 16, 2016 10:53pm
Quoting cigarguy
{quote} Yes for sure I am quick like a rocket.....Only sniped this little scalp out of boredom...and listening to Christina Aguilera's music almost time for a cigar and beer.
For me the most relax time is no position at all
Be a spectator, not a player
  • #5,659
  • Nov 16, 2016 11:00pm Nov 16, 2016 11:00pm
Quoting jpdlegault
{quote} LOL! Yes doctor this is exactly where I need to be!? On this other note then to follow up your last succesful entry, would a new entry at point A would have been a good one? considering that the dragon slope is even more pronounced a HV red candle went down from that .850 resistance line in dot format right below 108.900 level while an entry at B point would have not followed the rule although tempting that may be because it is still below dragon for one {image}
Looking at your chart, I wouldn't have entered on A. I would have entered on that second dark gray candlestick
(the one just before A).
The reason is because there was a huge red candlestick, then followed by a series of light gray candlesticks (indicating retrace). Then we got a dark gray candlestick (indicating that the retrace might be over). Then we got a second dark gray candlestick (for me it would be a confirmation that the retrace is over, so I would enter here).

B for me is totally out of question as Dragon was bearish.
  • #5,660
  • Nov 16, 2016 11:05pm Nov 16, 2016 11:05pm
Quoting robmagario
{quote} Looking at your chart, I wouldn't have entered on A. I would have entered on that second dark gray candlestick (the one just before A). The reason is because there was a huge red candlestick, then followed by a series of light gray candlesticks (indicating retrace). Then we got a dark gray candlestick (indicating that the retrace might be over). Then we got a second dark gray candlestick (for me it would be a confirmation that the retrace is over, so I would enter here). B for me is totally out of question as Dragon was bearish.
rob,

That's good for you to help him as you both use the PVSRA candles and I primarily use HA's which give a different visual and I take riskier trades. It's much better for someone to learn by the book with confirmed PVSRA entries rather then my style.....
Keep It Simple
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