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PVSRA Scalping with Cigarguy

  • #5,661
  • Nov 17, 2016 12:17am Nov 17, 2016 12:17am
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.
Thank you for your help, robmagario! I totally dig what you are saying! It is pure traditional trading. The reason I was picking point A is that it had crossed south that .850 resistance for a more formal pvSRa entry, as per my understanding! The higher is often the better when going south! It goes along what I had thought that if one got a significant red candle as an initial momentum, its retrace does not necessarily need another one, am I correct?
  • #5,662
  • Nov 17, 2016 12:21am Nov 17, 2016 12:21am
Quoting jpdlegault
{quote} Thank you for your help, robmagario! I totally dig what you are saying! It is pure traditional trading. The reason I was picking point A is that it had crossed south that .850 resistance for a more formal pvSRa entry, as per my understanding! The higher is often the better when going south! It goes along what I had thought that if one got a significant red candle as an initial momentum, its retrace does not necessarily need another one, am I correct?
Good to see that you and rob will get along great as he is very detailed with his great explanations.....
Keep It Simple
  • #5,663
  • Nov 17, 2016 12:30am Nov 17, 2016 12:30am
Which brings me another point as far the crooks are concerned. I have a long feeling that my broker has not always been straight with me in their displaying the charts for one, and lagging behind when placing orders. I am sure of the latter because once my suspicions were aroused, I always double checked with competitors demo charts and even the ones you guys are displaying and they don't always jive. But then when you go back on historical data, it's funny that now all candles pretty much align with others. I hate that, you have no idea how much I hate that to be taken for a fool!

Well! for the past hour I have opened yet another account with yet another broker but this one is recommended by tah himself. They are in the process of verifying my info for my brand new ECN account with them. It might take 2 days according to their "brochure". I had kept that broker of mine because the ones I had used before were even worse, fishing without restraint ... At least that broker was very discreet in the way they were doing it, but still.

Which begs the question, are MM members also some brokers by any chance, no names of course?
  • #5,664
  • Nov 17, 2016 12:40am Nov 17, 2016 12:40am
Quoting jpdlegault
Which brings me another point as far the crooks are concerned. I have a long feeling that my broker has not always been straight with me in their displaying the charts for one, and lagging behind when placing orders. I am sure of the latter because once my suspicions were aroused, I always double checked with competitors demo charts and even the ones you guys are displaying and they don't always jive. But then when you go back on historical data, it's funny that now all candles pretty much align with others. I hate that, you have no idea how much...
Funny that you mention that and yes without names here. I don't have the time right now to discuss details but I brought TAH, Fisher and others at their current thread to my ECN Broker of which I am an IB as seen in my bio. Happy to help if I can tomorrow.....it's late for me here and time to z z z z ....lol.....
Keep It Simple
  • #5,665
  • Nov 17, 2016 1:19am Nov 17, 2016 1:19am
Quoting jpdlegault
{quote} Thank you for your help, robmagario! I totally dig what you are saying! It is pure traditional trading. The reason I was picking point A is that it had crossed south that .850 resistance for a more formal pvSRa entry, as per my understanding! The higher is often the better when going south! It goes along what I had thought that if one got a significant red candle as an initial momentum, its retrace does not necessarily need another one, am I correct?
Yes, if you take the crossing of south of .850 level, that would be more a PVRSA entry. You are correct!
Just that I thought it had already crossed it on that dark gray candle, at least the shadow of the candle had crossed it.

As for the momentum, in this case it is true because finally it turned red. But don't forget that when you are there watching it, sometimes it starts red and later becomes green out of a sudden. That is why I wouldn't really wait too much in this case, so yes, you are right, the momentum is very important.

And yes, you are right, the retrace does not necessarily need another one, of course if it has it is way better (and ideal) because then we reach our target sooner (and safer in most cases but not in the chart you showed us, since PA started to go against us after that second red candle), but a lot of times you will see here that we don't have another red candlestick.
  • #5,666
  • Nov 17, 2016 1:44am Nov 17, 2016 1:44am
2 trades.
EurGbp sell, manually out at 3.5 pips because of consolidation on key level.
Attached Image (click to enlarge)
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UsdCad buy. 5 pips.Explanation on chart u can see.
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How big can you think!
  • #5,667
  • Nov 17, 2016 2:11am Nov 17, 2016 2:11am
Great response rob, if I may call you like this! I'm beginning to learn this process and it goes against a lot that I have learned so far, would you believe since 2008 very part time back then! A lot of bad habits to curb and greed to squash! I know I am in the right place because it goes against the scam grain! and some people are paying a price for being truthful! I respect these people to the utmost! I know I'm in the right place
  • #5,668
  • Nov 17, 2016 2:13am Nov 17, 2016 2:13am
Do you guys know if its possible to show actual pips on the TP line for open trades with the Trade Level indicator.

It shows the leveraged total pips but I would rather see what my actual TP pips are.
Dragon Rider
  • #5,669
  • Nov 17, 2016 2:15am Nov 17, 2016 2:15am
Quoting cigarguy
{quote} Funny that you mention that and yes without names here. I don't have the time right now to discuss details but I brought TAH, Fisher and others at their current thread to my ECN Broker of which I am an IB as seen in my bio. Happy to help if I can tomorrow.....it's late for me here and time to z z z z ....lol.....
That is the broker ... Their spread are better than my actual broker and their commission rates are definitely better!
  • #5,670
  • Edited 3:47am Nov 17, 2016 2:50am | Edited 3:47am
Scalping while MM use their power to reverse the trend, too greedy should close early
I think the whole down trend is a lie, will see .........
Attached Image (click to enlarge)
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Be a spectator, not a player
  • #5,671
  • Nov 17, 2016 3:14am Nov 17, 2016 3:14am
Im still trying to find my place in the scalping world..lol

I am testing the UJ now and I agree it moves soo much faster than the EU while still remaining somewhat well behaved.

Some trades
Attached Image (click to enlarge)
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Dragon Rider
  • #5,672
  • Edited 3:43am Nov 17, 2016 3:21am | Edited 3:43am
In and out
Attached Image(s) (click to enlarge)
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Dragon Rider
  • #5,673
  • Nov 17, 2016 3:23am Nov 17, 2016 3:23am
Quoting barloc
In and out {image}
Check high TF H4 and D1 you will see what happens at UJ, good luck
Be a spectator, not a player
  • #5,674
  • Nov 17, 2016 3:27am Nov 17, 2016 3:27am
Quoting wiserltz
{quote} Check high TF H4 and D1 you will see what happens at UJ, good luck

Edit - I see a possible S/D reversal pattern in the making, but it does matter if we trade for 5 pips in the 1 min chart
Dragon Rider
  • #5,675
  • Nov 17, 2016 3:31am Nov 17, 2016 3:31am
Quoting barloc
{quote} Its going down soon..IMO
Yes, but what if everybody think the pair will down, the price will "freely falling body" So there 're always someone don't think or don't want that
Be a spectator, not a player
  • #5,676
  • Nov 17, 2016 4:23am Nov 17, 2016 4:23am
Scalp long after price breaks 200ema with volume.
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Pivot Boss in the making~
  • #5,677
  • Nov 17, 2016 4:30am Nov 17, 2016 4:30am
I messed up and closed one trade =\

The following trades made things right.
Attached Image (click to enlarge)
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Dragon Rider
  • #5,678
  • Nov 17, 2016 5:29am Nov 17, 2016 5:29am
EU M1 +3.5 pips. Explaination on chart.

Attached Image (click to enlarge)
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  • #5,679
  • Nov 17, 2016 6:16am Nov 17, 2016 6:16am
The baddest trade I take today, EJ's spread is very big, can't find good entry point, also cheated by the PA
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYM1.png Size: 65 KB
Click to Enlarge Name: EURJPYM15.png Size: 44 KB
Be a spectator, not a player
  • #5,680
  • Nov 17, 2016 6:37am Nov 17, 2016 6:37am
Took +8 pips on long GBPUSD

- Overall bias was up
- Price had retraced a bit and got rejected around the 200MA
- Moved with strong momentum back to the trend by breaking the dragon with significant strenght and volume

Got out around recent high and DR1 - price turned right after, which is why FIFO is fantastic
Attached Image (click to enlarge)
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