{quote}Well planed trade
There is no way to happiness , happiness is the way.
PVSRA Scalping with Cigarguy
- #6,123
- Edited 5:31am Dec 7, 2016 4:32am | Edited 5:31am
- Joined Jun 2016 | Status: Trader | 2,402 Posts
My comment of EJ
Early As, MM created a mild bull trend and then took some profit above 1/2 level. Ls came in, MM used 1/2 level to buy & sell same time, the next plan, which they did, was drag price down to stop hunt bull also make their long on bottom... will see...
Traded with similar reason for EU
Early As, MM created a mild bull trend and then took some profit above 1/2 level. Ls came in, MM used 1/2 level to buy & sell same time, the next plan, which they did, was drag price down to stop hunt bull also make their long on bottom... will see...
Traded with similar reason for EU
Be a spectator, not a player
- #6,124
- Dec 7, 2016 9:31am Dec 7, 2016 9:31am
- Joined Jun 2016 | Status: Trader | 2,402 Posts
Hahaha, greedy and fear 
Be a spectator, not a player
- #6,127
- Dec 7, 2016 11:05am Dec 7, 2016 11:05am
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 dayfellow pvrsa traders any opinions? thanks! {image}
for the fellow pvrsa traders who required a bigger picture
- #6,128
- Edited 11:23am Dec 7, 2016 11:11am | Edited 11:23am
My comment of EJ Early As, MM created a mild bull trend and then took some profit above 1/2 level. Ls came in, MM used 1/2 level to buy & sell same time, the next plan, which they did, was drag price down to stop hunt bull also make their long on bottom... will see... {image} Traded with similar reason for EU {image}
this might be an unfounded fear but based on your analysis, trading with the MM might mean going CT most of the time , because when MM pulls price down , it would mean that they are bullish and vice versa. how then are you still sure of your analysis? and how then do you determine your stoploss?
and you seem to be buying the retraces sometimes am i right?
- #6,130
- Dec 7, 2016 11:34am Dec 7, 2016 11:34am
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
{quote} hello wiserltz this might be an unfounded fear but based on your analysis, trading with the MM might mean going CT most of the time , because when MM pulls price down , it would mean that they are bullish and vice versa. how then are you still sure of your analysis? and how then do you determine your stoploss?
I can see double inverted shoulders before you entered. Those ones indicate there may be a reversal, so instead of keep going down, it would be going up, which actually happened.
So, you can see
1) double inverted shoulders
2) Dragon inclination was not good, Dragon was horizontal, it was sleeping
3) The moment you entered, look at volume. Volume was very tiny at that moment
Rob
- #6,131
- Dec 7, 2016 11:42am Dec 7, 2016 11:42am
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
- #6,132
- Dec 7, 2016 12:07pm Dec 7, 2016 12:07pm
{quote} Yes, I usually look at a break of structure, either breaking the previous high, making a new high, or in this case, i would wait until PA broke the structure and made a new low. I always look left to see and identify the structure that is forming or has already formed.
i see so taking it one step further, retracement of price and not being able to close above dragon means that price might be heading south?
and breaking the structure would mean even higher probablity.
am i right?
so rob u might have entered on the first circle?
- #6,133
- Dec 7, 2016 5:53pm Dec 7, 2016 5:53pm
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
{quote} i see so taking it one step further, retracement of price and not being able to close above dragon means that price might be heading south? and breaking the structure would mean even higher probablity. am i right?
so what I would do is to look left and see if PA was struggling to break that area in the past.
If PA struggled a few times in the past, and if this time that blue circle represents a break of it,
I would have entered.
That is why I switch to M5 and M15 to see the bigger picture and understand the structure more.
For example, please refer to post Post 6,126 . In that post, you can see that on M5 PA has already struggled to break that support level.
So if you switch to M1, you will see that it tried to break it 3 times, so when it finally did break it, that it when I entered. Of course, since this is PVSRA,
we always look at the volume as well.
Rob
- #6,134
- Dec 7, 2016 6:15pm Dec 7, 2016 6:15pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} On your first blue circle, what I would do is to see if that is a break of a support level, so what I would do is to look left and see if PA was struggling to break that area in the past. If PA struggled a few times in the past, and if this time that blue circle represents a break of it, I would have entered. That is why I switch to M5 and M15 to see the bigger picture and understand the structure more. For example, please refer to post Post 6,126 . In that post,...
Thanks for taking the time to work with our dedicated PVSRA scalpers and providing your great explanations and annotated charts. Your attention to detail and analysis is outstanding.
I appreciate the effort of ALL as you work close together as Traders Helping Traders and maintaining your scalping focus on our PVSRA charts only.
I am still here but busy with my other outside business responsibilities and hope to have more time for trading soon...
I too learn from all of the many great posts and detailed explanations.....As they say even an old dog can learn new tricks.....
Regards,
Cigarguy
Keep It Simple
- #6,135
- Dec 7, 2016 6:49pm Dec 7, 2016 6:49pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Keep It Simple
You guys are making some nice pips on a ranging market! I gotta say I'm really amazed by that 
Also, I really like when I see some great explanations, I desire too keep up this quality too.
Now let me share my "Today's good, bad and the ugly."
Still learning to better analyze the charts and to prepare my EA BEFORE I trade, even though I thought I fixed it, it still was badly configured because I didn't clicked OK -.-"
Emotions do affect everything and I'm 100% certain about all this mess because I was in a rush... again!
All the best
Also, I really like when I see some great explanations, I desire too keep up this quality too.
Now let me share my "Today's good, bad and the ugly."
Still learning to better analyze the charts and to prepare my EA BEFORE I trade, even though I thought I fixed it, it still was badly configured because I didn't clicked OK -.-"
Emotions do affect everything and I'm 100% certain about all this mess because I was in a rush... again!
All the best
- #6,138
- Dec 7, 2016 7:23pm Dec 7, 2016 7:23pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M1 FIFO +13 (avg. +2.6 @ 5 lots) Quick new hour candle momentum scalp on break of 113.800 key level as short term resistance...
Keep It Simple
- #6,139
- Edited 7:49pm Dec 7, 2016 7:39pm | Edited 7:49pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
You guys are making some nice pips on a ranging market! I gotta say I'm really amazed by that
The Asian Session can be very difficult due to mostly ranging and retraces, so care should be taken with patience. Often during this session, I prefer to move up to a higher t/f such as M15 (and loose much of the Asian session noise) and pay close attention to key levels and ema's as S & R for retraces and then drop down to M1 to confirm a high momentum entry.
Most of my losses through the years have been due to my impatience for a confirmed PVSRA entry during the Asian session. The enemy was not the MM's it was ME not having the patience and restraint to sit on my hands and wait.....
Cigarguy
Keep It Simple
- #6,140
- Dec 7, 2016 8:06pm Dec 7, 2016 8:06pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M5 FIFO scalp +29 (avg. +2.9 @ 10 lots) See chart as I was waiting for the new hour candle for momentum but no patience as stated above....the devil 
made me enter early but got a small sting 
anyway.........
made me enter early but got a small sting anyway......... 
Keep It Simple