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PVSRA Scalping with Cigarguy

  • #5,801
  • Nov 21, 2016 9:12pm Nov 21, 2016 9:12pm
USDJPY 1M 3 trades , TOTAL +15PIPS

1st trade - Reasons for going SHORT
- Dragon was going up, but a green candlestick failed to break 110.750 upwards, so I imagined there would be a trace from that point
- Looked at the distance between that point to both Dragon and 200EMA. I figured that if I targeted 5PIPS there would be enough distance for me to get my profit
- Entered on a dark gray candle after that green one
Got my profit and exited

2nd trade- Reasons for going LONG
- Entered after a green candle with high volume after I saw that PA bounced back to Dragon and stayed there for a while

3rd trade - Reasons for going LONG
- After PA broke the resistance key level 110.750 upwards with a green candle, I waited for a small retrace, then waited for the second time that PA broke 110.750 upwards with another green candle. Entered there.
- Got my target and exited.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m1-ftt-sweden-ab-2.png Size: 51 KB
  • #5,802
  • Nov 21, 2016 9:20pm Nov 21, 2016 9:20pm
Quoting jpdlegault
I exited prematurely as I thought PA was to bounce south off EMA(200). Still managed to be profitable. Off to a new start: i win, 0 losses {image}
Well done! I understand what happened. You saw that price was bouncing back from 200EMA and you closed it when you thought it would go even more down. I have done that a few times too.
  • #5,803
  • Nov 21, 2016 9:37pm Nov 21, 2016 9:37pm
Quoting robmagario
USDJPY 1M 3 trades , TOTAL +15PIPS 1st trade - Reasons for going SHORT - Dragon was going up, but a green candlestick failed to break 110.750 upwards, so I imagined there would be a trace from that point - Looked at the distance between that point to both Dragon and 200EMA. I figured that if I targeted 5PIPS there would be enough distance for me to get my profit - Entered on a dark gray candle after that green one Got my profit and exited 2nd trade- Reasons for going LONG - Entered after a green candle with high volume after I saw that PA bounced...
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1.png Size: 58 KB
Be a spectator, not a player
  • #5,804
  • Nov 21, 2016 9:44pm Nov 21, 2016 9:44pm
Quoting wiserltz
{quote} {image}
wow! simply awesome!!! well done!!! But the last one hurts.
  • #5,805
  • Edited Nov 22, 2016 12:24am Nov 21, 2016 9:49pm | Edited Nov 22, 2016 12:24am
Quoting robmagario
{quote} wow! simply awesome!!! well done!!! But the last one hurts.
Yes, too aggressive, not SL, I think the price may go to whole level ...........

Change my mind, they won't make it until Lo, only to make long around dragon, so close trades asap ...
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1.png Size: 64 KB
Be a spectator, not a player
  • #5,806
  • Nov 21, 2016 10:14pm Nov 21, 2016 10:14pm
dear rob can i get ur volume indicator

regards

yak
  • #5,807
  • Nov 21, 2016 10:15pm Nov 21, 2016 10:15pm
Quoting robmagario
{quote} Well done! I understand what happened. You saw that price was bouncing back from 200EMA and you closed it when you thought it would go even more down. I have done that a few times too.
Exactly!
Rob, is there a setup in the controls whereby all your closed trades will show for an extensive period of time. Why? Because I took a few trades but they seem to disappear before I can save them for posting while I'm busy stalking MM's?
  • #5,808
  • Nov 21, 2016 10:24pm Nov 21, 2016 10:24pm
Right now I am just hoping PA will bounce off DOL in UJ and start going south or I'll have a losing trade. PA has difficulty to get out od its entanglement at the moment.
  • #5,809
  • Nov 21, 2016 11:32pm Nov 21, 2016 11:32pm
USDJPY 1M +5PIPS

Reasons for going LONG
- After a green candlestick with high volume, I saw what I thought to be a new high. It was a new high but the difference between this and the previous high was too small
I think I was lucky to have reached my target.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m1-ftt-sweden-ab.png Size: 52 KB
  • #5,810
  • Nov 21, 2016 11:35pm Nov 21, 2016 11:35pm
Quoting jpdlegault
{quote} Exactly! Rob, is there a setup in the controls whereby all your closed trades will show for an extensive period of time. Why? Because I took a few trades but they seem to disappear before I can save them for posting while I'm busy stalking MM's?
Jpdlegault,
I actually have the same problem as yours. I don't know why but the trades vanish after a while. I am also looking for a way to keep them.
Rob
  • #5,811
  • Nov 21, 2016 11:36pm Nov 21, 2016 11:36pm
Quoting yak2444
dear rob can i get ur volume indicator regards yak
Yak,
I am just using the PVSRA volume indicator that Cigarguy attached to the 1st post of this thread. It is a zip file.
  • #5,812
  • Nov 22, 2016 12:09am Nov 22, 2016 12:09am
Quoting robmagario
{quote} Jpdlegault, I actually have the same problem as yours. I don't know why but the trades vanish after a while. I am also looking for a way to keep them. Rob
Is this what you guys are talking about.....I'm not sure....
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Keep It Simple
  • #5,813
  • Nov 22, 2016 1:17am Nov 22, 2016 1:17am
EurGbp short 5 pips, little drawdown was there

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EurUsd short 5 pips

Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd.png Size: 75 KB
How big can you think!
  • #5,814
  • Nov 22, 2016 1:38am Nov 22, 2016 1:38am
Quoting cigarguy
{quote} Is this what you guys are talking about.....I'm not sure.... {image}
okay excellent!
  • #5,815
  • Nov 22, 2016 1:46am Nov 22, 2016 1:46am
Ujpy loss 7 pips
Attached Image (click to enlarge)
Click to Enlarge Name: Ujpy3.png Size: 78 KB
How big can you think!
  • #5,816
  • Nov 22, 2016 2:14am Nov 22, 2016 2:14am
How should one read the currency strength indicator?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYiM1.png Size: 65 KB


For instance I am looking at JPY which has a strong red color (meaning it has a 69% strong pull to go down especially since it has the highest number on the board?) whereas GBP is of the lightest yellow color with the smallest strength (meaning it wants to go down at 26% but versus GBP it will want to go up?) It is getting very confusing especially considering that some of your indicators out there are showing arrows. So far I interpreted the exact opposite that PA went, hence the losses.

What do the colors mean, the numbers I think I understand but am not sure.

Can someone shed some light for a lost sailer
  • #5,817
  • Nov 22, 2016 2:30am Nov 22, 2016 2:30am
AudUsd long 5 pips
Attached Image (click to enlarge)
Click to Enlarge Name: AudUsd3.png Size: 85 KB
How big can you think!
  • #5,818
  • Nov 22, 2016 3:24am Nov 22, 2016 3:24am
Quoting jpdlegault
How should one read the currency strength indicator? {image} For instance I am looking at JPY which has a strong red color (meaning it has a 69% strong pull to go down especially since it has the highest number on the board?) whereas GBP is of the lightest yellow color with the smallest strength (meaning it wants to go down at 26% but versus GBP it will want to go up?) It is getting very confusing especially considering that some of your indicators out there are showing arrows. So far I interpreted the exact opposite that PA went, hence the losses....
Jplegault,
Honestly, I only use the currency strength meter (CSM) to spot pairs.
I see the ones that are strong and the ones that are weak. I take the pair on the extremes of the CSM.
I will never make entry judgments based on CSS values.
A lot of times CSM said USD was strong, but it turned out that I entered SHORT and made money.
So, CSM should only be for you to decide what pairs to trade. That's it.
The judgment for entries shouldn't be based on CSM at all.
Rob
  • #5,819
  • Nov 22, 2016 3:27am Nov 22, 2016 3:27am
Quoting Aar
AudUsd long 5 pips {image}
Very well done! This is the kind of trade that I would have done if I weren't at my office now.
  • #5,820
  • Nov 22, 2016 3:27am Nov 22, 2016 3:27am
UsdJpy short 5 pips
Attached Image (click to enlarge)
Click to Enlarge Name: Ujpy4.png Size: 81 KB
How big can you think!
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