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PVSRA Scalping with Cigarguy

  • #6,081
  • Dec 5, 2016 11:29pm Dec 5, 2016 11:29pm
Quoting wiserltz
{quote} I took a trade minutes before your entry, and closed quickly, IMO, everything was controlled by EURUSD and it's flat, price goes nowhere this time PS: now is down, because EURUSD is up {image}

yes probably this, better to trade after London open
There is no way to happiness , happiness is the way.
  • #6,082
  • Dec 5, 2016 11:42pm Dec 5, 2016 11:42pm
UJ M1 +5pips

This is more of a counter trade trading..anyway I was sure that PA will soon head for 200EMA because all of the signs for PA to go bearish was already fulfilled . I jumped in as soon as PA was rejected by 'Dragon' targeting 5 pips just above 200EMA

Updated...
And there you go PA bounced but my trade was saved because of FIFO
Attached Image (click to enlarge)
Click to Enlarge Name: PVSRA UJ M1 6 Dec 2trade.png Size: 42 KB
~I'll take 5 pips or whatever I can~
  • #6,083
  • Dec 6, 2016 12:23am Dec 6, 2016 12:23am
Quoting Ockham
I think it is also interesting to see loosing trades ! analyse on UJ M1 was almost same that Rob but few minutes later, trend was bearish m1 m5 m15, i saw a blue candle failed to break the dragon M1 and decided to entered but prices later break the dragon without bullish volume so i decided to enter again when price stop on EMA 200 M1, the dragon M5 (in white) was just above my entry in protection but the price broke also ema 200 m1 and dragon M5 so i decided to take my loose without waiting for my sl been reached. I m not sure i did a mistake here...
Ockham,
When I entered, you can see that PA had made a new low and I entered after the retrace.
You also entered after the retrace, but I think you entered after double inverted shoulders.
I drew in yellow what I believe to be inverted double shoulders.
Usually if I see inverted double shoulders, what I do is to wait until PA breaks those inverted shoulders downwards.
Rob
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  • #6,084
  • Dec 6, 2016 1:03am Dec 6, 2016 1:03am
Quoting robmagario
{quote} Ockham, When I entered, you can see that PA had made a new low and I entered after the retrace. You also entered after the retrace, but I think you entered after double inverted shoulders. I drew in yellow what I believe to be inverted double shoulders. Usually if I see inverted double shoulders, what I do is to wait until PA breaks those inverted shoulders downwards. Rob {image}
Thanks Rob i think it is exactly what i missed, i used to pay attention to Higher low Higher High before my interruption with our pvsra scalping, may be i need to practice a little bit more
There is no way to happiness , happiness is the way.
  • #6,085
  • Dec 6, 2016 5:05am Dec 6, 2016 5:05am
I got the perfect storm (in a good way). +5. Explanation in the charts M5 and M1.
M5 chart
Attached Image (click to enlarge)
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M1 chart
Attached Image (click to enlarge)
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  • #6,086
  • Dec 6, 2016 5:15am Dec 6, 2016 5:15am
Just before the bear
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM1.png Size: 58 KB
Be a spectator, not a player
  • #6,087
  • Dec 6, 2016 5:20am Dec 6, 2016 5:20am


Quoting wiserltz
Just before the bear {image}
  • #6,088
  • Dec 6, 2016 5:31am Dec 6, 2016 5:31am
Quoting wiserltz
Just before the bear {image}
price broke whole number 750 several times (as indicated in with blue circles)

not forgetting notable bullish vol as highlighted in the rectangle

why would you think of shorting? could you shed some light?

thanks!
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  • #6,089
  • Dec 6, 2016 5:40am Dec 6, 2016 5:40am
Quoting pvrsazyt
{quote} price broke whole number 750 several times (as indicated in with blue circles) not forgetting notable bullish vol as highlighted in the rectangle why would you think of shorting? could you shed some light? thanks! {image}
Tah told us, pvsra results can interperate in two ways, if you "think" H1 last spike is a stop hunt for the bear, then every clue your get seems different....
Be a spectator, not a player
  • #6,090
  • Dec 6, 2016 5:44am Dec 6, 2016 5:44am
Quoting Ockham
I think it is also interesting to see loosing trades ! analyse on UJ M1 was almost same that Rob but few minutes later, trend was bearish m1 m5 m15, i saw a blue candle failed to break the dragon M1 and decided to entered but prices later break the dragon without bullish volume so i decided to enter again when price stop on EMA 200 M1, the dragon M5 (in white) was just above my entry in protection but the price broke also ema 200 m1 and dragon M5 so i decided to take my loose without waiting for my sl been reached. I m not sure i did a mistake here...
[Friendly Warning] I'm still starting to learn PVSRA, but I wanted to share my opinion over this trade of yours, please take into consideration the opinion of more experienced traders!

I'm attaching your trade with some observations as to why it would have been interesting to hold the trigger where you opened your first trade and why it would have been interesting to close the trade after price broke 113.600, right at that bullish candle!

.... Changing the subject a little bit, I forgot to add about my personal choice over small spread and small commission (when possible) because that usually guarantees a better FIFO trade... another thing to me is that I calculate my commission in spread as of "0.5 pips or 0.7 pips" then I add the spread and I now how much I'll earn with a trade... This is a baseline for the quality of my trades, because I'll be only looking for a minimum of "X" pips!

I hope all that helps!

All the best

[EDIT] took too much time writing this post, others already showed what I wrote in the chart xD
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  • #6,091
  • Dec 6, 2016 6:17am Dec 6, 2016 6:17am
Close all, until this time Im +20.1 with the EU going short. I was very confident by the setup in M5 that I showed in my first post.

Attached Image (click to enlarge)
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  • #6,092
  • Dec 6, 2016 6:23am Dec 6, 2016 6:23am
I'm not going to tire of especially thanking cigarguy and the other guys like Robmagario who have done a very good job teaching us how to do trading like them. That is why today I have done 4 trades and all are positive. And since the beginning of the month, there are 23 trades: 21 positive and 2 negative.
Thanks guys for all your hard work.
  • #6,093
  • Dec 6, 2016 6:28am Dec 6, 2016 6:28am
Did you noticed the candle I mark with yellow rectangle.(sorry for more editing...)
I remember it begin by a quick down, then a quick pull up, then down also quickly, and close the candle. I think it is very import: signs that MM need more liquidity during the down(weak), so ..
Attached Image (click to enlarge)
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Be a spectator, not a player
  • #6,094
  • Dec 6, 2016 6:41am Dec 6, 2016 6:41am
Quoting wiserltz
Did you noticed the candle I mark with yellow rectangle.(sorry for more editing...) I remember it begin by a quick down, then a quick pull up, then down also quickly, and close the candle. I think it is very import: signs that MM need more liquidity during the down(weak), so .. {image}
I wasn't watching the charts so I didn't notice this candle wiserltz and even now that you metion it, I'm not experienced enough with TAH's material to distinguish this candle after it is closed =/

But I'll add your thoughts over what to study next, thanks for sharing!

All the best
  • #6,095
  • Dec 6, 2016 7:06am Dec 6, 2016 7:06am
Two more trades, one was wrong because I buy in the top an went against me -5.9. Other one was good, when I saw the double top go short to get +5.6. Finish almost BE.
In the lose trade I make the mistake to not wait to go in the selling side (because M5 still in the bear mode).

Today trades: 5 positives
1 Negative



Attached Image (click to enlarge)
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  • #6,096
  • Dec 6, 2016 7:15am Dec 6, 2016 7:15am
Good Job ALL....Keep in mind we are PVSRA FIFO Scalpers snipping for quick pips with little market exposure. We enter PVSRA trades WITH the MM''s and their high momentum.

Our system is not to be confused with our old PVSRA system trading primarily the M15.

Regards,
Cigarguy
Keep It Simple
  • #6,097
  • Edited 8:47am Dec 6, 2016 7:56am | Edited 8:47am
bad loss


reason for trade: all circled in blue

1. notable bearish vol broke previous lows

2. further confirmed by yet another notable bearish vol breaking quarter number .750

3. wait for retrace to dragon

4. short after bearish engulfing bar

wrong analysis or is it just not my day fellow pvrsa traders any opinions?

thanks!
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  • #6,098
  • Dec 6, 2016 8:07am Dec 6, 2016 8:07am
Quoting Rmieck
{quote} [Friendly Warning] I'm still starting to learn PVSRA, but I wanted to share my opinion over this trade of yours, please take into consideration the opinion of more experienced traders! I'm attaching your trade with some observations as to why it would have been interesting to hold the trigger where you opened your first trade and why it would have been interesting to close the trade after price broke 113.600, right at that bullish candle! .... Changing the subject a little bit, I forgot to add about my personal choice over small spread and...
Thank you Rmieck for your analyse and for sharing your experience, really interesting i will try to integrate this in my thinking process.
There is no way to happiness , happiness is the way.
  • #6,099
  • Dec 6, 2016 9:22am Dec 6, 2016 9:22am
UJ M1 +5 pips

Last trade before I hit the bed. PA is above 'Dragon" and 200 EMA and it just broke 114.000. Perfect for a long snipe trade
Attached Image (click to enlarge)
Click to Enlarge Name: PVSRA UJ M1 7 Dec.png Size: 45 KB
~I'll take 5 pips or whatever I can~
  • #6,100
  • Dec 6, 2016 9:51am Dec 6, 2016 9:51am
Taking a litle advantage to the reverse from RWH and .000 level, +2.3

Attached Image (click to enlarge)
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