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PVSRA Scalping with Cigarguy

  • #5,841
  • Nov 22, 2016 4:32pm Nov 22, 2016 4:32pm
Quote
Jplegault,
Honestly, I only use the currency strength meter (CSM) to spot pairs.

TY1 THAT MUCH i understood. Just wanted to know about a directional value as well because I had seen another version with arrows, hence with vectors.

I made assumptions on that and went the wrong direction.

So! Right now USDJPY would be somewhat ideal to trade for now and it might change in an hour's time, right?
  • #5,842
  • Nov 22, 2016 4:33pm Nov 22, 2016 4:33pm
And call me dan! jpdlegault is only my prefix in my email and it sounds so formal. I don't get to wear my tux very often (I don't have one )
  • #5,843
  • Nov 22, 2016 5:19pm Nov 22, 2016 5:19pm
Since I lost quite a few little trades due for one thing to tiredness and trying to do too many things at the same time, I decided to paper trade before going to bed for a while with yesterdays UJ data performance.
But this time I used HA candles rather than the PVSRA ones. To me, those candles make a lot more sense and I traded before with HA and I totally dig them. Of course I keep the PVA volume at the bottom so that I am not missing on that part and to clarify my chart even further, I've put only the center line of dragon visible so that I can all that is happening when PA and indicators cross dragon's thick borders. It would be nice to place the border in the background.

Is that alright, Rob, or should I should add back dragon's border.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiM1_2016_NYsession.png Size: 126 KB

Happy Thanksgiving to all Americans. We already had ours in Canada in October ...
  • #5,844
  • Nov 22, 2016 5:30pm Nov 22, 2016 5:30pm
OK,let us look forard
  • #5,845
  • Nov 22, 2016 7:12pm Nov 22, 2016 7:12pm
Slowly and gradually my yesterdays losses. Yeayh!

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiM1_1008PM_EST.png Size: 108 KB
  • #5,846
  • Nov 22, 2016 11:03pm Nov 22, 2016 11:03pm
AudUsd Fifo scalp m1 Targert 5 pips (pivot)
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.jpg Size: 297 KB
  • #5,847
  • Nov 23, 2016 4:26am Nov 23, 2016 4:26am
Quoting schizzo
AudUsd Fifo scalp m1 Targert 5 pips (pivot) {image}

Nice...
Keep It Simple
  • #5,848
  • Edited 5:09am Nov 23, 2016 4:51am | Edited 5:09am
Quoting jpdlegault
Slowly and gradually my yesterdays losses. Yeayh! {image}
jpdlegault,

IMO, you should slow down with your entries and only cherry pick for confirmed PVSRA entries with high momentum. Were looking for "quality not quantity" scalps. Just because you have a red/green candle synced with a red/green volume bar, does not mean that is an entry.

During a Session you might only scalp 2, 3 or 4 etc., trades and only those set ups that offer good to high Market Maker momentum to quickly take you to your t/p. Just a few high momentum scalps with nice sized lots is safer and offers much less stress then attempting to scalp every color synced candle and volume bar.

As a scalper, ideally we are looking for the time during a Session with the most volatility/momentum. We don't want to get caught, as I have many times, in a smalll pip trading range and lots of retraces as often occur in the Asian Session. We seek to gleam the MM's intention and grab their momentum and trade with them aka Institutions and Smart Money.

Kinda difficult to read your candles as not true HA's they are a cross of HA and regular candle. I would use the pure HA's if that is what you want.

Of course each trader can trade as they choose, I'm just offering my opinion....

Regards and Stay GREEN My Friend,
Cigarguy
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiM1_2016_NYsession.png Size: 163 KB
Keep It Simple
  • #5,849
  • Nov 23, 2016 5:08am Nov 23, 2016 5:08am
UsdJpy long 5 pips
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.png Size: 75 KB
How big can you think!
  • #5,850
  • Nov 23, 2016 5:10am Nov 23, 2016 5:10am
Quoting Aar
UsdJpy long 5 pips {image}
Aar,

Very nice....That's the kind of entry I was illustrating in my above post. The entry was right around the stopping volume but the higher volume / momentum came soon and your FIFO exit at the 111.300 key level was perfect as PA begin to stall....

I personally am taking a Thanksgiving Holiday break from trading until next week.
Keep It Simple
  • #5,851
  • Nov 23, 2016 5:24am Nov 23, 2016 5:24am
Thanks Cigarguy Market is too choppy because of Thanksgiving, its hard getting a good trade. Anyway soon it will be ok.
Enjoy your Holidays
How big can you think!
  • #5,852
  • Nov 23, 2016 5:25am Nov 23, 2016 5:25am
UsdJpy long another 5 pips
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Click to Enlarge Name: usdjpy1.png Size: 75 KB
How big can you think!
  • #5,853
  • Nov 23, 2016 5:30am Nov 23, 2016 5:30am
Quoting Aar
Thanks Cigarguy Market is too choppy because of Thanksgiving, its hard getting a good trade. Anyway soon it will be ok. Enjoy your Holidays
Aar,

Yes for sure......that's why I am taking a break until next week. Trader's here in the US are out buying turkeys and such with the money they scalped from the sneaky market makers trading our PVSRA system........lol.....
Keep It Simple
  • #5,854
  • Nov 23, 2016 5:34am Nov 23, 2016 5:34am
Quoting Aar
UsdJpy long another 5 pips {image}
Aar,

You have a fast trigger finger and reflexes stinging the MM's with those nice little 5 pip scalps....
Keep It Simple
  • #5,855
  • Nov 23, 2016 7:13am Nov 23, 2016 7:13am
Quoting jpdlegault
Since I lost quite a few little trades due for one thing to tiredness and trying to do too many things at the same time, I decided to paper trade before going to bed for a while with yesterdays UJ data performance. But this time I used HA candles rather than the PVSRA ones. To me, those candles make a lot more sense and I traded before with HA and I totally dig them. Of course I keep the PVA volume at the bottom so that I am not missing on that part and to clarify my chart even further, I've put only the center line of dragon visible so that I can...
Hi Dan,

As Cigarguy pointed out, just because you got a green candle or a red candle with high volume, it doesn't mean that you should enter there.
This is PVSRA, so we look not only at Price and Volume, but also at Support and Resistance.
So you should pay a look of attention at key levels, whole numbers, and how they relate to structure. The structure is important and the structure is related to support and resistance levels as well.
In my opinion you should add Dragon as Dragon is very important. If you look at my trades, I always need to look at how Dragon correlates to the other important factors (the ones mentioned above) before I take my trades.
Also, since you are starting this PVSRA analysis, I suggest that you try to trade during London and NY session overlaps, because that is when you get the best moves.
And remember not to over trade. It is all about quality, not quantity as Cigarguy also mentioned.
Regards,
Rob
  • #5,856
  • Nov 23, 2016 8:06am Nov 23, 2016 8:06am
Quoting cigarguy
{quote} Aar, You have a fast trigger finger and reflexes stinging the MM's with those nice little 5 pip scalps....
Thanks Cigarguy am inspired
How big can you think!
  • #5,857
  • Nov 23, 2016 8:07am Nov 23, 2016 8:07am
EurGbp very FIFO 5 pips
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Click to Enlarge Name: Egbp5.png Size: 76 KB
How big can you think!
  • #5,858
  • Nov 23, 2016 8:25am Nov 23, 2016 8:25am
Quoting Aar
EurGbp very FIFO 5 pips {image}
Hi aar i love the way your template is set up

do you mind posting the indicators on the right hand side of your chart?

thanks!
  • #5,859
  • Nov 23, 2016 9:38am Nov 23, 2016 9:38am
Quoting pvrsazyt
{quote} Hi aar i love the way your template is set up do you mind posting the indicators on the right hand side of your chart? thanks!
Hi pvrsazyt thanks i have sent u the indicator in ur pm, check ur inbox pls.

Thanks.
How big can you think!
  • #5,860
  • Nov 23, 2016 10:01am Nov 23, 2016 10:01am
aar, would you be able to send me your indicators as well, thank you very much.. i noticed you are very accurate in your entrances.
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