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PVSRA Scalping with Cigarguy

  • #6,481
  • Jan 11, 2017 6:24pm Jan 11, 2017 6:24pm
USDJPY M1 +5PIPS

Reasons for going SHORT
- Dragon moving down, inclination was good, PA being traded below the 200EMA
- Break of 115.000 key level with notable bearish volume for the 3rd time, so I entered
Got my target and exited
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m1-ftt-sweden-ab.png Size: 75 KB
  • #6,482
  • Jan 11, 2017 6:26pm Jan 11, 2017 6:26pm
Quoting Ockham
{quote} Hi CG, sorry not completely sure about that, from momentum do you see mm want to push retailers to go short as mm want to go long ? Or i m wrong could you please explain a little bit more ?
When observing PA in relation to key levels and our 50/200 emas you can see how MM's (especially obvious on the M1 chart) are running PA between levels which form our S & R.

Many times they will run PA back and forth, especially above a round number ie., as UJ showing 115.000 building for a run for profits. Here are a couple of charst with examples that can be seen on any pair. Essentially a break out trade but we can scalp the levels as well as the break out.

I'm a better trader then teacher but hope this helps.... Some here may explain better then me.....
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: The_Definitive_Guide_to_Scalping_Part1._body_Picture_4.png Size: 101 KB
Keep It Simple
  • #6,483
  • Jan 11, 2017 6:30pm Jan 11, 2017 6:30pm
Quoting robmagario
USDJPY M1 +5PIPS Reasons for going SHORT - Dragon moving down, inclination was good, PA being traded below the 200EMA - Break of 115.000 key level with notable bearish volume for the 3rd time, so I entered Got my target and exited {image}
Keep It Simple
  • #6,484
  • Jan 11, 2017 6:42pm Jan 11, 2017 6:42pm
Quoting cigarguy
{quote} When observing PA in relation to key levels and our 50/200 emas you can see how MM's (especially obvious on the M1 chart) are running PA between levels which form our S & R. Many times they will run PA back and forth, especially above a round number ie., as UJ showing 115.000 building for a run for profits. Here are a couple of charst with examples that can be seen on any pair. Essentially a break out trade but we can scalp the levels as well as the break out. I'm a better trader then teacher but hope this helps.... Some here may...
These PDFs from our old PVSRA thread have been posted prior but good read and may help....At times we need to go back to basics.....

I'm really dating myself with these PDF's......lol......
Attached File(s)
File Type: pdf Introduction_to_PVSRA.pdf   320 KB | 1,696 downloads
File Type: pdf Traderathome The Golden Posts Collection %2C v6.pdf   718 KB | 779 downloads
Keep It Simple
  • #6,485
  • Jan 11, 2017 6:45pm Jan 11, 2017 6:45pm
Price bounce off 200ema in M15.
Zoom into M1, scalp long after price broke 200ema in M1 with volume.
Attached Image (click to enlarge)
Click to Enlarge Name: Flatwhite_scalp41.PNG Size: 63 KB
Pivot Boss in the making~
  • #6,486
  • Jan 11, 2017 6:46pm Jan 11, 2017 6:46pm
Quoting jurn_e
Price bounce off 200ema in M15. Zoom into M1, scalp long after price broke 200ema in M1 with volume. {image}
Excellent observation of higher t/f and dropping down for entry.....
Keep It Simple
  • #6,487
  • Jan 11, 2017 7:37pm Jan 11, 2017 7:37pm
Price bouce from trendline, breaks 00 level with volume. Scalp long.
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Pivot Boss in the making~
  • #6,488
  • Jan 11, 2017 7:52pm Jan 11, 2017 7:52pm
Quoting cigarguy
{quote} When observing PA in relation to key levels and our 50/200 emas you can see how MM's (especially obvious on the M1 chart) are running PA between levels which form our S & R. Many times they will run PA back and forth, especially above a round number ie., as UJ showing 115.000 building for a run for profits. Here are a couple of charst with examples that can be seen on any pair. Essentially a break out trade but we can scalp the levels as well as the break out. I'm a better trader then teacher but hope this helps.... Some here may...

Thanks CG for giving this again, of course i read it many times but one more time is never too much ^^
There is no way to happiness , happiness is the way.
  • #6,489
  • Jan 11, 2017 7:57pm Jan 11, 2017 7:57pm
Risky long on bottom, SL at RDL, not close yet, bad trade, it is a bet, too bad R/R....
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1.png Size: 38 KB
Be a spectator, not a player
  • #6,490
  • Jan 11, 2017 8:03pm Jan 11, 2017 8:03pm
I saw some of you changed the size of the cmstrenght indicator, i tried to reduced it but without succes changed the 2 font size 12 to 8 but seems not to be enough, any idea ?
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There is no way to happiness , happiness is the way.
  • #6,491
  • Jan 11, 2017 8:37pm Jan 11, 2017 8:37pm
Quoting wiserltz
Risky long on bottom, SL at RDL, not close yet, bad trade, it is a bet, too bad R/R.... {image}
I think we should post more losing trades here, SINCE no method is 100% ACCURACY, PVSRA also!!!
Be a spectator, not a player
  • #6,492
  • Jan 11, 2017 9:41pm Jan 11, 2017 9:41pm
UJ m1 +5.6pips
Explanation on chart
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There is no way to happiness , happiness is the way.
  • #6,493
  • Jan 11, 2017 11:47pm Jan 11, 2017 11:47pm
Quoting Ockham
UJ m1 +5.6pips Explanation on chart {image}
I think there is no real momentum, only struggle between MM and retailers seeing the bottom, red candles are stop hunt, height depends on the price MM want to slam to... suspectable using fib in such small range, just mine.
Be a spectator, not a player
  • #6,494
  • Jan 12, 2017 12:18am Jan 12, 2017 12:18am
UJ m1
Long FIFO +2.2
Short +13.3

Explanation on charts, what you guys are thinking about this green candle with volume after my 1st short entry, will you be scary about this ?
Attached Image (click to enlarge)
Click to Enlarge Name: UJ.JPG Size: 208 KB
There is no way to happiness , happiness is the way.
  • #6,495
  • Jan 12, 2017 12:25am Jan 12, 2017 12:25am
Quoting wiserltz
{quote} I think there is no real momentum, only struggle between MM and retailers seeing the bottom, red candles are stop hunt, height depends on the price MM want to slam to... suspectable using fib in such small range, just mine.
agree with you there was low liquidity at this time but does that mean we have to avoid trading when liquidity is low..? may be an interesting question.. or not for fibo i could use in smaller range than this as well
There is no way to happiness , happiness is the way.
  • #6,496
  • Jan 12, 2017 2:18am Jan 12, 2017 2:18am
Quoting wiserltz
{quote} I think we should post more losing trades here, SINCE no method is 100% ACCURACY, PVSRA also!!!
Yes, I agree with you. I have been posting both wins and losses.
  • #6,497
  • Edited 2:36am Jan 12, 2017 2:21am | Edited 2:36am
EJ, first one, I planned to enter just above 1/2 level, my mouse stucked, entered late, and didn't have time to close at +5 pips, when price dropped below 1/2 level, entered again, mouse was OK, so closed the trade right on time
One more
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM1.png Size: 32 KB
Be a spectator, not a player
  • #6,498
  • Jan 12, 2017 3:13am Jan 12, 2017 3:13am
Quoting robmagario
{quote} Yes, I agree with you. I have been posting both wins and losses.
UJ today, 17 trade 6 losses, total gain 95.9 pips
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1.png Size: 79 KB
Be a spectator, not a player
  • #6,499
  • Jan 12, 2017 3:39am Jan 12, 2017 3:39am
EU M1 +4.1 pips. Explaination on chat.

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  • #6,500
  • Jan 12, 2017 3:51am Jan 12, 2017 3:51am
Quoting wiserltz
{quote} UJ today, 17 trade 6 losses, total gain 95.9 pips {image}

very nice
There is no way to happiness , happiness is the way.
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