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PVSRA Scalping with Cigarguy

  • #6,241
  • Dec 14, 2016 7:21am Dec 14, 2016 7:21am
Excellent trades and explanations.
I'm still busy with other business commitments but hope to find time to join the fun and snipe pips soon.
Keep It Simple
  • #6,242
  • Dec 14, 2016 8:31am Dec 14, 2016 8:31am
GU scalping on top
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Be a spectator, not a player
  • #6,243
  • Edited 8:38pm Dec 14, 2016 7:06pm | Edited 8:38pm
USDJPY 1M +5.2PIPS

Entered LONG

- Dragon was moving up, inclination was fair
- Although the inclination of Dragon was fair, what I target here was a bounce back to Dragon and then up again with high volume.
- Risky trade as PA had already broken the RWH
- I found resistance on 117.800 as you can see at the previous high so I set my target to end below that
Got my target and exited
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  • #6,244
  • Dec 14, 2016 8:31pm Dec 14, 2016 8:31pm
AJ dropped below S/R, to whole level??
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Be a spectator, not a player
  • #6,245
  • Dec 14, 2016 8:35pm Dec 14, 2016 8:35pm
USDJPY 1M 2 trades, total 10PIPS

Common reasons for both trades, entering SHORT
- Dragon was moving down and I liked the inclination
- PA moving away from RWH, going down again

Reasons for entering 1st trade
- PA broke RWH downwards with notable volume and big red candlestick
- After that waited to see how the next candle would develop and entered when I felt the bearish move was continuing
- I saw that the 200EMA was close to that area, so I closed my trade as soon as we touched that line

Reasons for entering 2nd trade
- PA broke the 200EMA with a big red candlestick and notable volume
- After that I waited for some retrace back to 200EMA and also for some consolidation and entered when I felt the consolidation was over
- For this one I think I was just being lucky because when I entered, PA still hadn't break the previous red candle, so I should have waited a bit longer
Got my target and exited.
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  • #6,246
  • Dec 14, 2016 8:37pm Dec 14, 2016 8:37pm
Quoting robmagario
USDJPY 1M 2 trades, total 10PIPS Common reasons for both trades, entering SHORT - Dragon was moving down and I liked the inclination - PA moving away from RWH, going down again Reasons for entering 1st trade - PA broke RWH downwards with notable volume and big red candlestick - After that waited to see how the next candle would develop and entered when I felt the bearish move was continuing - I saw that the 200EMA was close to that area, so I closed my trade as soon as we touched that line Reasons for entering 2nd trade - PA broke the 200EMA with...
Closed just before the retrace
Be a spectator, not a player
  • #6,247
  • Dec 14, 2016 8:39pm Dec 14, 2016 8:39pm
Quoting wiserltz
AJ dropped below S/R, to whole level?? {image}
I love this trade! This is also the style I like to trade! Well done!
  • #6,248
  • Dec 14, 2016 8:47pm Dec 14, 2016 8:47pm
Quoting robmagario
USDJPY 1M +5.2PIPS Entered LONG - Dragon was moving up, inclination was fair - Although the inclination of Dragon was fair, what I target here was a bounce back to Dragon and then up again with high volume. - Risky trade as PA had already broken the RWH - I found resistance on 117.800 as you can see at the previous high so I set my target to end below that Got my target and exited {image}
Question: where did you put SL for that trade? Below the dragon?
Be a spectator, not a player
  • #6,249
  • Dec 14, 2016 10:10pm Dec 14, 2016 10:10pm
Scalping on head/shoulders, M15
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Be a spectator, not a player
  • #6,250
  • Dec 14, 2016 11:49pm Dec 14, 2016 11:49pm
USDJPY 1M +2.2PIPS

Entered LONG
- Dragon was going up, inclination was okay
- Entered when PA broke resistance key level 117.500 with notable bullish volume. Note that PA also broke the previous high at that time
- Exited when PA broke RWH as I didn't want to take the risk
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  • #6,251
  • Dec 15, 2016 12:34am Dec 15, 2016 12:34am
USDJPY 1M +5PIPS

Reasons for entering SHORT
- Dragon was moving down, inclination was good
- After PA broke the 200EMA downwards, I waited for a retrace back to Dragon
- The retrace came and there was a blue candle that failed to break Dragon upwards
- After that I saw a red candle that broke both Dragon and the 200EMA downwards. That is exactly where I placed my trade
Got my target and exited!
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  • #6,252
  • Dec 15, 2016 12:39am Dec 15, 2016 12:39am
Quoting wiserltz
{quote} Question: where did you put SL for that trade? Below the dragon?
Just below the Dragon, which would also be more or less the same level of the lowest part of the previous green candle (the one before I entered).
That green candle almost broke Dragon downwards but it didn't and went up to become a green candle.
So since I entered after that, I set my stop just under Dragon because I imagined that if it went below it, it would become a bearish trend again.
  • #6,253
  • Dec 15, 2016 12:41am Dec 15, 2016 12:41am
Quoting wiserltz
Scalping on head/shoulders, M15 {image}
Well spotted head and shoulders pattern!
  • #6,254
  • Edited 12:57am Dec 15, 2016 12:43am | Edited 12:57am
Quoting robmagario
USDJPY 1M +2.2PIPS Entered LONG - Dragon was going up, inclination was okay - Entered when PA broke resistance key level 117.500 with notable bullish volume. Note that PA also broke the previous high at that time - Exited when PA broke RWH as I didn't want to take the risk {image}
Disagree with your trade.
1) Ao, dragon's angle is not good, liquidity was low
2) MM seems to suck longs and make their short, risky long with them ,betting they didn't get enough short...
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Be a spectator, not a player
  • #6,255
  • Dec 15, 2016 1:08am Dec 15, 2016 1:08am
Quoting wiserltz
{quote} Disagree with your trade. 1) Ao, dragon's angle is not good, liquidity was low 2) MM seems to suck longs and make their short, risky long with them ,betting they didn't get enough short... {image}
I understand what you mean about MMs trying to change the direction and make the trend short.
That is true and that is what happened after I closed my trade.
After that we experienced a lot of bearish moves that pushed PA down all the way to 117.370.
So I guess I was just being lucky, because I got the last bullish breath of the move.
  • #6,256
  • Dec 15, 2016 2:36am Dec 15, 2016 2:36am
Quoting wiserltz
{quote} Disagree with your trade. 1) Ao, dragon's angle is not good, liquidity was low 2) MM seems to suck longs and make their short, risky long with them ,betting they didn't get enough short... {image}

sorry i don't understand your thinking process about the MM sign they shorting, imho they will more interesting to short the RWH level, could you please develop your reasoning i'm interesting about this because it seems an very important point ?

Rob btw a risky trade not which you appreciate more i guess as we could touch the RWH for the first time probability of rejection seems important.
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There is no way to happiness , happiness is the way.
  • #6,257
  • Dec 15, 2016 2:51am Dec 15, 2016 2:51am
Quoting Ockham
{quote} sorry i don't understand your thinking process about the MM sign they shorting, imho they will more interesting to short the RWH level, could you please develop your reasoning i'm interesting about this because it seems an very important point ? Rob btw a risky trade not which you appreciate more i guess as we could touch the RWH for the first time probability of rejection seems important. {image}
Yes, and that is why I closed it as soon as we touched RWH as I was aware that some rejection might have happened.
  • #6,258
  • Dec 15, 2016 3:58am Dec 15, 2016 3:58am
USDJPY 1M +5PIPS

Reasons for going LONG
- Dragon was going up, inclination was good
- Waited until PA broke the consolidation (look left) with notable volume with a big green candle
- After that waited for a small retrace
- Entered when I felt the retrace was over
Got my target and exited!
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  • #6,259
  • Dec 15, 2016 4:16am Dec 15, 2016 4:16am
USDJPY 1M +5PIPS

Reasons for going LONG

- We finally broke 118.000!!! Yeah!!!
- Dragon was going up, awesome inclination
- So after some retrace I entered long
Easily got my target and exited!
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  • #6,260
  • Dec 15, 2016 7:28am Dec 15, 2016 7:28am
USDJPY 1M +5PIPS

Reasons for going SHORT
- PA had struggled a few times to break this area of around 118.000, so I entered exactly when it broke the previous low (117.970) with notable bearish volume and a big red candle
- Dragon was moving down and inclination was good
- PA being traded below the 200EMA
Got my target and exited

Note that I usually don't enter the first time it breaks a support level. This time I entered because there was first a red candle that broke the 200EMA, then a retrace back to Dragon, then a series of 2 red candles and I entered on the second one.
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