PVSRA Scalping with Cigarguy

Take another one in the break of a key level .600. Enter in the green candle and go up +4 and I didn´t close, PA went against me but I saw that litle green candle with large volume bar and I hold it. Came back an close +2.8

Thanks

You rock robmagario!

All great trades...you guys are making PVSRA FIFO scalping look easy due to your study and dedication . ...

UJ M1 +4.6 pips

Last one before I Again, momentum is the force behind it all. Entered long after PA broke out of 'Dragon', 200EMA and level 112.900. PA immediately flew straight to my TP! Goodnight y'all and Green pips as well!

XauUsd Fifo M1

Nice trade and clean chart..

My first trade with the scalping methodoloy, hope I have read the charts correctly (logic was high bull volume from the 1/2 level).. welcome any feedback..

USDJPY 1M +7PIPS

Reasons for entering LONG
- PA failed to break support key level 112.500 downwards and started to go bullish again
- Entered after two consecutive green candles with high volume
- Got my target and exited

Hello guys!

I'm having some troubles understanding how do you use the EMA 200 and the Dragon as I see you often talking about being...

1. 200 EMA and Dragon (50 ema) being S&R
2. Dragon position according to Price Action (up/down - direction of the trend)
3. Dragon inclination (Rob usually says: descent/ok, good, awesome)

I believe confusing a lot regarding Volume, because there's quite some differences between how TAH over his current website/forum explains volume and how you guys use it on the M1.

I'm going to attach a picture and explain about a trade based on my thinking, would it be possible to show what works and what doesn't work in my thinking process? Any help is welcome!

I still haven't read the whole thread (read page 1~27 and backwards for trade examples 299~292), I read all the material which I posted previously with the exception of VSA basics since cigarguy wrote something about not being useful regarding PVSRA being a different approach to volume.

UJ trade:

1. UJ has been marking up for quite some time, but high volume news hit and run from 113.500.
2. Some bullish momentum continued but the big red candle on high volume broke Dragon.
3. Noticed the stop of that big candle was a previous resistance, which became support.
4. Entered the trade after seeing Pink candle on high volume before the actual break of the support zone as to me is a bearish confirmation.
5. Aimed for my 5 pip TP which also was above the natural support 113.250 (even though it didn't seem to be a support looking left at PA), got bonus because of trailstop and bearish momentum.
6. Completely disregarded the EMA 200 in my analysis and didn't use the inclination of the dragon too.
7. Completely disregarded 5M and 15M Trend as I don't see any real use to keep on switching to those time frames.

This was to me 80% obvious analysis, if you people think it would be valuable I'd post the 50% below obvious analysis.

Thank you in advance! You guys rock!!!

Hi Rmiek,

Thanks for your message and chart.
First of all, I think the reason you have questions is because here we have multiple ways to analyze PVSRA (I imagine the original thread by TAH also does that, but I haven't read all the posts there actually) . As Cigarguy always says, this is more like an art instead of a single strategy.
For example, most of the time I like to trade in the direction of Dragon, but sometimes I also trade the bounce back to it.
A few ways to see PVSRA would be
1) PA breaks Dragon with high volume on the same direction that Dragon is moving
2) PA fails to break the next key level with high volume. In this case you place the trade expecting PA will bounce back to Dragon.
3) PA breaks the 200EMA with high volume in the same direction of Dragon. You place the trade in the same direction
4) PA fails to break 200EMA with high volume and starts to go back to Dragon. Counter trade so you place the trade expecting PA will bounce back to Dragon
In Addition to these, there are many more, e.g. targeting RDH, RWH, RDL, RWL, etc...
Of course, we always look at the structure and look for a break of structure before entering any of those above.
I think the chart you posted is okay. I would probably have waited for a break, so I would have entered after the pink candle, but I think entering on the pink candle as you did would also be okay.

Thank you very much Rob for the explanation and for your input on that chart.

Another question, when you state "same direction that Dragon is moving" you mean for the past 1,2 or even 3 hours, correct?

Now, when you talk about structure, what do you mean precisely? S&R, being them RDH, RWH, RDL, RWL, previous bounces becoming S&R, formation of tops/bottons

I'm adding a pic for these question in order to try to show you what are some of the structures behind my thinking process. I know It's a mess, but want to be clear about it!

Thanks for your eternal patience!

USDJPY 1M 2 trades, total of +10PIPS

Reasons for entering LONG for both trades
- Dragon was moving up and inclination was awesome
- After 3 consecutive bullish candles with very high volume, I assumed we were to continue to go bullish, so I entered
- Entered again on another green candle with high volume
- Reached target for both trades and exited

USDJPY 1M +5PIPS

Reasons for going LONG
- I waited until PA bounced back to RWH thus making a retrace
- After the retrace, PA started to go bullish again
- Just entered on a green candle with high volume
Reached my target and exited

Awesome trade bro! It was kind of risky for me so I stayed away...hehe

EU Enter Long +5.3

Saw the huge shadow of the H1 candle (chart N°1) rejecting from RDL and went down to M1 (chart N°2) to wait the right moment to get in.

Chart N°1


Chart N°2

You Guys/Gals are posting some outstanding charts and explanations with nice + pips banked as well.........

Another go for +1.4



PD: Have an excellent Mentor Cigarguy. All this is thanks to your effort to teach us your way to trade.