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PVSRA Scalping with Cigarguy

  • #6,301
  • Edited 10:07pm Dec 19, 2016 9:13pm | Edited 10:07pm
EJ, Increasing liquidity under whole level
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM1.png Size: 71 KB
Be a spectator, not a player
  • #6,302
  • Dec 20, 2016 12:50am Dec 20, 2016 12:50am
USDJPY 1M +5PIPS

Reasons for going LONG
- Dragon was moving up, inclination was good, PA being traded above the 200EMA
- PA broke the consolidation area (look left) with a green candle and with notable volume
Got my target and exited
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m1-ftt-sweden-ab.png Size: 79 KB
  • #6,303
  • Dec 20, 2016 1:48am Dec 20, 2016 1:48am
UJ M1 +34.8 pips not a real Rob FIFO style

As UJ was bullish on m1,m5,m15 and looking left i identified my objective i entered 4 times on multiple retracement
weakness from JPY was decisive.
more explanation on charts
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UJ M5.jpg Size: 380 KB
Click to Enlarge Name: UJ M1.jpg Size: 303 KB
There is no way to happiness , happiness is the way.
  • #6,304
  • Dec 20, 2016 2:05am Dec 20, 2016 2:05am
UJ, 5 seconds 5pips
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1.png Size: 50 KB
Be a spectator, not a player
  • #6,305
  • Dec 20, 2016 2:06am Dec 20, 2016 2:06am
USDJPY M1 +5PIPS

Reasons for entering LONG
- Dragon was going up, inclination was okay, PA being traded above the 200EMA
- PA broke consolidation area and the previous high with a green candle and huge volume
Got my target in just 10 seconds and exited!
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m1-ftt-sweden-ab.png Size: 76 KB
  • #6,306
  • Dec 20, 2016 2:08am Dec 20, 2016 2:08am
Quoting wiserltz
UJ, 5 seconds 5pips {image}
@wiseltz @Rob easy with this JPY level ?
Attached Image
There is no way to happiness , happiness is the way.
  • #6,307
  • Edited 2:27am Dec 20, 2016 2:09am | Edited 2:27am
Quoting robmagario
USDJPY M1 +5PIPS Reasons for entering LONG - Dragon was going up, inclination was okay, PA being traded above the 200EMA - PA broke consolidation area and the previous high with a green candle and huge volume Got my target in just 10 seconds and exited! {image}
5s+10s = 10pips

Gain and Gain
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1.png Size: 42 KB
Be a spectator, not a player
  • #6,308
  • Dec 20, 2016 2:32am Dec 20, 2016 2:32am
Quoting wiserltz
{quote} 5s+10s = 10pips Gain and Gain {image}
Wow, you are awesome!
  • #6,309
  • Dec 20, 2016 2:32am Dec 20, 2016 2:32am
Quoting Ockham
{quote} @wiseltz @Rob easy with this JPY level ? {image}
Indeed!
  • #6,310
  • Dec 20, 2016 2:35am Dec 20, 2016 2:35am
Quoting Ockham
{quote} @wiseltz @Rob easy with this JPY level ? {image}
Yes, if dragon is up and above ema200, PA is above or inside dragon, whole level is the next target of dragon, liquidity is good, the possibility is good too....

Simple words, CG's method
Be a spectator, not a player
  • #6,311
  • Dec 20, 2016 2:56am Dec 20, 2016 2:56am
Quoting wiserltz
{quote} Yes, if dragon is up and above ema200, PA is above or inside dragon, whole level is the next target of dragon, liquidity is good, the possibility is good too.... Simple words, CG's method

Yes sure we never forget where we learned to catch this green pips
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Click to Enlarge Name: render to cg.jpg Size: 130 KB
There is no way to happiness , happiness is the way.
  • #6,312
  • Dec 20, 2016 3:02am Dec 20, 2016 3:02am
One more
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM11111111111.png Size: 43 KB
Be a spectator, not a player
  • #6,313
  • Dec 20, 2016 9:26am Dec 20, 2016 9:26am
USDJPY 1M +6.4PIPS 3 trades

1st Trade -2PIPS
Reasons for entering LONG
- I thought PA had broken the previous high but it acually was just a double shouders
- Entered too early and decided to close

2nd Trade +3.4PIPS
Reasons for entering LONG
- Entered again after rebounce (PA tried to break Dragon with a red candle but failed) and exited

3rd Trade +5PIPS
Reasons for entering SHORT
- Break of key level 118.000 which also showed some support before (look left). The break was with a red candle with notable bearish volume
- Dragon was moving down, inclination was good, PA being trade below the 200EMA
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m1-ftt-sweden-ab.png Size: 90 KB
  • #6,314
  • Dec 20, 2016 9:32am Dec 20, 2016 9:32am
EUR USD M1

Pointing to the previous accum zone around 1.038, but price was getting stuck on quarter level and didn't love how the volume was going, so closed... and of course after 5 mins USD whacked everywhere.. damn!

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 45 KB
  • #6,315
  • Dec 20, 2016 10:44am Dec 20, 2016 10:44am
USDJPY 1M +2.6PIPS

Reason for entering SHORT
Just quick scalp after PA broke 118.000 for the second time with notable bearish volume
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m1-ftt-sweden-ab.png Size: 93 KB
  • #6,316
  • Edited 9:36pm Dec 20, 2016 7:07pm | Edited 9:36pm
USDJPY 1M +5PIPS

Reasons for going LONG
- Dragon moving up, inclination was awesome, PA being traded above the 200EMA
- Waited for a break of the previous high with a big green candle and notable volume
- If you look left you will see that PA also broke what seemed to be a strong resistance around (1177.935 to 117.946)
Got my target in 20 seconds and exited!
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m1-ftt-sweden-ab.png Size: 79 KB
  • #6,317
  • Dec 20, 2016 11:20pm Dec 20, 2016 11:20pm
Quoting robmagario
USDJPY 1M +5PIPS Reasons for going LONG - Dragon moving up, inclination was awesome, PA being traded above the 200EMA - Waited for a break of the previous high with a big green candle and notable volume - If you look left you will see that PA also broke what seemed to be a strong resistance around (1177.935 to 117.946) Got my target in 20 seconds and exited! {image}
Last bull spike, csm also USD RED
Be a spectator, not a player
  • #6,318
  • Dec 21, 2016 1:26am Dec 21, 2016 1:26am
UJ +80.1 pips with partial close, in full lot +25 pips

UJ was bear on M5 M15 in a retrace movement to H1 H4, JPY >> USD i entered when PA broke a small support m1 and re entered on 61.8% and 76.4% fibo level
my objective was a trend line in H1 around 117.400

I entry long on 117.400 level and Ms1 and of course the H1 trendline good enough for some m1 scalping imho.

Today i decided to try some partial closed and set to break even +1 in the same time, not sure if this could be profitable more than our +5pips that we used generally.
Rob, wiserltz or others of course, an opinion about partial closed strategy with our pvsra scalping ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UJ s b.JPG Size: 367 KB
Click to Enlarge Name: UJ H1.JPG Size: 144 KB
There is no way to happiness , happiness is the way.
  • #6,319
  • Dec 21, 2016 2:41am Dec 21, 2016 2:41am
DAX m1 +27.5 pips explanation on chart
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There is no way to happiness , happiness is the way.
  • #6,320
  • Dec 21, 2016 4:39am Dec 21, 2016 4:39am
Quoting Ockham
Today i decided to try some partial closed and set to break even +1 in the same time, not sure if this could be profitable more than our +5pips that we used generally. Rob, wiserltz or others of course, an opinion about partial closed strategy with our pvsra scalping ? {image} {image}
I have thought about and tried partial closes then setting stop to BE in the past, but in my opinion it does not produce the same results as targeting 5pipsTP. You may occassionally catch a large move when setting your stop to BE, however, you may also get stopped at BE and end up with less that you would have by leaving your trade to run to target, (this is what happened to me when I tried). With cigarguys scalping method, one of the main reasons it works so well is we limit our exposure to retraces and unexpected movements. If you scoll back through the posts here you'll see the amount of times trades get to target then pulls back immediatly. Its much easier and more productive in my opinion, to try and identify and take fifo trades as Cigarguy highlights throughout this thread, as we grab a few pips then move on to the next opportunity without over complicating things too much.

Nice trading on UJ
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