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PVSRA Scalping with Cigarguy

  • #6,041
  • Dec 2, 2016 5:18am Dec 2, 2016 5:18am
EurGbp short 7 pips, i was trading manually so no TP was set there, so i missed that very FIFO 5 pips which occurred in less than few seconds. As a gift there was was drawdown also Anyway finally before Newyork opening i was able to close it with profit. You can see in the chart i marked already why i took the trade + PA broke consecutive last 3 hours low step by step.

Attached Image (click to enlarge)
Click to Enlarge Name: EurGbp5.png Size: 72 KB
How big can you think!
  • #6,042
  • Dec 2, 2016 5:21am Dec 2, 2016 5:21am
Yes. Nerves of steel with that 200 ema in front of you.

Quoting Aar
{quote} Awesome Execution
  • #6,043
  • Dec 2, 2016 5:25am Dec 2, 2016 5:25am
Some news now. I'm going to sit on my fingers for a while.

Attached Image (click to enlarge)
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  • #6,044
  • Dec 2, 2016 5:26am Dec 2, 2016 5:26am
Quoting Trinquete
Yes. Nerves of steel with that 200 ema in front of you. {quote}
Yep, but not a good idea...
Keep It Simple
  • #6,045
  • Dec 2, 2016 5:35am Dec 2, 2016 5:35am
My FF pages are slow updating and uploading charts......Anyone else having this issue or maybe on my end?
Keep It Simple
  • #6,046
  • Dec 2, 2016 5:40am Dec 2, 2016 5:40am
No I uploading normal here

Quoting cigarguy
My FF pages are slow updating and uploading charts......Anyone else having this issue or maybe on my end?
  • #6,047
  • Dec 2, 2016 5:43am Dec 2, 2016 5:43am
Quoting Trinquete
No I uploading normal here {quote}
Thanks....must be my on my end...
Keep It Simple
  • #6,048
  • Dec 2, 2016 5:58am Dec 2, 2016 5:58am
You gotta love it... News push down USD by 20-30-40 pips on all pairs, all recovered in minutes... "free market"
  • #6,049
  • Dec 2, 2016 5:59am Dec 2, 2016 5:59am
It wasn't loading until 5 min ago for me... I was thinking if markets are slow this week because of Italy.

Maybe MM's are building up a position for that referendum?

All the best
  • #6,050
  • Dec 2, 2016 7:53am Dec 2, 2016 7:53am
[Friendly Warning Alert] This might not be a good trade, but I'd like your input over my analysis!

1. Noticed increasing volume with notable volume going below the 113.500
2. Decreasing volume retracing towards dragon.
3. By the 3rd pullback to dragon with notable bullish volume I noticed that all candles at the top of the range had increased volume, so I figured: "This might go again to the top of the range OR a breakout below... let's see if I can find another evidence to the impending move.
4. Small bullish candle with the lowest volume of the range (and possibly Ny session so far) followed by that pin candle (star candlestick the name I guess)
5. entered right after the break of the 113.500 and aimed for 4 pips more or less.

Got my target and exited even though it went straight to 10 pips ahead (learning to aim for maximum of 5 pips, but with maximum laser accuracy)

Stalked this trade when the bottom was created with 2 small body candles with big pins (shooting stars I guess?).

Edit.: Forgot to add, the green lines are PA analysis, Blue square is Volume analysis and Red lines are noticing no volume at the bottom of the range.
Attached Image (click to enlarge)
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  • #6,051
  • Dec 2, 2016 8:18am Dec 2, 2016 8:18am
Quoting Rmieck
[Friendly Warning Alert] This might not be a good trade, but I'd like your input over my analysis! 1. Noticed increasing volume with notable volume going below the 113.500 2. Decreasing volume retracing towards dragon. 3. By the 3rd pullback to dragon with notable bullish volume I noticed that all candles at the top of the range had increased volume, so I figured: "This might go again to the top of the range OR a breakout below... let's see if I can find another evidence to the impending move. 4. Small bullish candle with the lowest volume of the...
I like the premises, but would probably have waited a ll longer for entering and would have targeted higher. You are basically betting on a reverse on the trend (with reasons), but if it goes bad it can go pretty bad.

But better wait for someone with more experience
  • #6,052
  • Dec 2, 2016 8:33am Dec 2, 2016 8:33am
This one was more like I'm used to see Rob taking it.

1. Volume increases with notable volume and bullish candles from the start to the half of the blue square
2. Range formed inside blue square.
3. Second increase in volume followed by small notable GREEN candlestick while break of 113.750 and Dragon holding PA above it... entered at the end of it.
4. Talked to myself 100 times: "BLOODY RETRACE, DON'T GO FURTHER 113.750 #@$&(*#@$&(*"... BUT held myself together.

Got my target BEFORE the candle became green, more 4.6 pips to imaginary bank account.

This one I was more confident because of PA respecting the Dragon after the break of the range.

Also something interesting happened, I started to look more closely at price action, meaning, the move of each tick of each candle evaluating its speed... something new to me hehehehe... I believe this must be what you guys all talk about including Saiffx who at the beginning of this thread talked a lot about it (dunno if he still talks because of his current absence ).

I believe this trade followed a descent PVSRA analysis.
Attached Image (click to enlarge)
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  • #6,053
  • Dec 2, 2016 8:36am Dec 2, 2016 8:36am
Quoting the3mp
{quote} I like the premises, but would probably have waited a ll longer for entering and would have targeted higher. You are basically betting on a reverse on the trend (with reasons), but if it goes bad it can go pretty bad. But better wait for someone with more experience
Thanks for the input!

After seeing the news move and seeing that Bearish increase in volume to be halted below the 113.500... I was expecting some small 4 pip retrace, I put up some fibs there and the trade was below .50 and even below .38 ... so a lucky analysis!
  • #6,054
  • Dec 2, 2016 9:28am Dec 2, 2016 9:28am
Quoting cigarguy
I have received PM's again for information contained in the often uploaded PVSRA PDF's. I will upload them again for all interested. {image} {image}
Hello All,

Are these files the best way to get started in PVSRA? I am a swing trader on H4 and Daily, however I will like to start Intraday trading when I have time. I would also like to acquire more PA & SR skills.

What are the best pairs, timeframe, and time of day to trade this strategy?

I don't mind putting in the hard work, but this thread and the main PVSRA thread are huge, and I want to focus my time in the proper areas.

Thanks for the help!
Successful people do what unsuccessful people are not willing to do
  • #6,055
  • Dec 2, 2016 6:31pm Dec 2, 2016 6:31pm
Quoting Rmieck
This one was more like I'm used to see Rob taking it. {image}
Yes! Very well done!
I would definitely have taken it if I didn't go to dance salsa yesterday!
Rob
  • #6,056
  • Dec 3, 2016 8:31am Dec 3, 2016 8:31am
Quoting TampaFX
{quote} Hello All, Are these files the best way to get started in PVSRA? I am a swing trader on H4 and Daily, however I will like to start Intraday trading when I have time. I would also like to acquire more PA & SR skills. What are the best pairs, timeframe, and time of day to trade this strategy? I don't mind putting in the hard work, but this thread and the main PVSRA thread are huge, and I want to focus my time in the proper areas. Thanks for the help!
Hey tampa, I understand your point of view and I'd like to offer 2 points of view over this matter.

First one is to decide upon which style suits you better.... Why?

Because Cigarguy's style is a very different approach than the current traditional PVSRA TVT20 (which you can find it here.).
Traditional PVSRA requires a lot of analysis and screen time because you'll do a Multi time frame analysis usually from D1 till M1 in order to position a trade over M15 time frame.

Cigarguy's already replied with some good explanation regarding how his style works regarding traditional PVSRA here, but you'll also have to go through all this thread (or search his posts over his profile) in order to find more details within his explanations, which are often rare to find since he's a "Do it yourself" kind of person and learned through his work not by someone else teaching his scalping technique as far as I observed.

All the other important contributing members here like Saiffx, June-e, Rob and a lot others whom I can't remember their nicknames now, have contributed a lot of good charts with very precise explanations for their entries... after going through the first 100 pages you'll start to see the common patterns a lot better or so I believe.

The second one is simple, there are no shortcuts for applying successfully PVSRA... it's something different from regular VSA and this scalping technique requires a lot of attention because experience is what will make you "see patterns" not the patterns itself and by patterns I mean "UJ is behaving like this just like it was behaving a week ago, so if Price Action continues to do "XYZ" near S&R "A" or "B" with notable volume doing something similar to "G" then a good trade MIGHT rise from that."

Well, these are my point of views of course and I desire that you understand PVSRA a lot quicker than me!

All the best
  • #6,057
  • Dec 3, 2016 12:25pm Dec 3, 2016 12:25pm
Quoting Rmieck
{quote} Hey tampa, I understand your point of view and I'd like to offer 2 points of view over this matter. First one is to decide upon which style suits you better.... Why? Because Cigarguy's style is a very different approach than the current traditional PVSRA TVT20 (which you can find it here.). Traditional PVSRA requires a lot of analysis and screen time because you'll do a Multi time frame analysis usually from D1 till M1 in order to position a trade over M15...
EXCELLENT POST.....
Keep It Simple
  • #6,058
  • Dec 4, 2016 11:29pm Dec 4, 2016 11:29pm
Hi All .
Decided to trade 1 hour before london open UJ M1 total pips +20.7, explanation on chart.

Green week everyone ^^
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There is no way to happiness , happiness is the way.
  • #6,059
  • Dec 4, 2016 11:49pm Dec 4, 2016 11:49pm
EurGbp long 15.4 pips

The same pattern just traded on M5 chart
Attached Image (click to enlarge)
Click to Enlarge Name: EurGbp6.png Size: 76 KB
How big can you think!
  • #6,060
  • Dec 5, 2016 1:39am Dec 5, 2016 1:39am
i konw we are not discussing about broker here, so i will not named them, but as i am actually comparing 2 brokers i found 2 differents volumes on the same charts as you can see on pictures below.
According to our pvsra scalping system and based on volumes which one will you choose ? seems broker on the right give more information for volumes or am i missing one point ? of course same indicator and settings.
Attached Image (click to enlarge)
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There is no way to happiness , happiness is the way.
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