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PVSRA Scalping with Cigarguy

  • #6,561
  • Jan 17, 2017 9:43pm Jan 17, 2017 9:43pm
GU m1 +5.6

Explanation on chart
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There is no way to happiness , happiness is the way.
  • #6,562
  • Jan 17, 2017 11:20pm Jan 17, 2017 11:20pm
UJ m1 +5.3 pure FIFO scalp

Explanation on chart, probably last trade of the day
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There is no way to happiness , happiness is the way.
  • #6,563
  • Jan 18, 2017 12:07am Jan 18, 2017 12:07am
Quoting Ockham
UJ m1 +5.3 pure FIFO scalp Explanation on chart, probably last trade of the day {image}
Wonderful trade! I really like it! It broke the whole structure! Really nice.
  • #6,564
  • Jan 18, 2017 3:19am Jan 18, 2017 3:19am
Only trade today. Reason: too many red candle on bull top...
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Click to Enlarge Name: USDJPYM1.png Size: 49 KB
Be a spectator, not a player
  • #6,565
  • Jan 18, 2017 4:06am Jan 18, 2017 4:06am
TickVolume low, don't believe they want to pull the trigger
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Be a spectator, not a player
  • #6,566
  • Jan 18, 2017 7:15am Jan 18, 2017 7:15am
EURJPY M1 +5PIPS SHORT

Reasons for entering
- First of all, I switched to M5 and I saw that PA was going down approaching the 200EMA. So my target was the 200EMA on the M5
- Next, I switched back to M1
- I saw that we had just broken the previous low with a red big candle and notable bearish volume, I entered one candle after that.
- Dragon was moving down, inclination was good, PA being traded below the 200EMA
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  • #6,567
  • Jan 18, 2017 7:37am Jan 18, 2017 7:37am
Quoting robmagario
EURJPY M1 +5PIPS SHORT Reasons for entering - First of all, I switched to M5 and I saw that PA was going down approaching the 200EMA. So my target was the 200EMA on the M5 - Next, I switched back to M1 - I saw that we had just broken the previous low with a red big candle and notable bearish volume, I entered one candle after that. - Dragon was moving down, inclination was good, PA being traded below the 200EMA {image}
So:

1. You entered in a rising market, potentially at the end of a pullback - zoom out a bit
2. Right at the support area where market rejected it with a long hammer of both 1m and 5m couple hours ago
3. At the was repeated rejection with on 1m time frame creates technically support level
4. And right against round number 121.00
5. And finally against 62% fibo of the daily range

Would you not say, that was very risky short?
  • #6,568
  • Jan 18, 2017 8:51am Jan 18, 2017 8:51am
Quoting kpclick
{quote} So: 1. You entered in a rising market, potentially at the end of a pullback - zoom out a bit 2. Right at the support area where market rejected it with a long hammer of both 1m and 5m couple hours ago 3. At the was repeated rejection with on 1m time frame creates technically support level 4. And right against round number 121.00 5. And finally against 62% fibo of the daily range Would you not say, that was very risky short?
Yes, you are right. What I was targeting here was the end of a pullback, as I call it the "last breath" of that move.
As you said we were very close of 121.000, so that is why I expected PA to touch that level and bounce back (which it did) , that is why I closed before a bit before it touched it, which was already 5PIPS of profit.
It is a risky trade indeed.
  • #6,569
  • Jan 18, 2017 9:10am Jan 18, 2017 9:10am
EURJPY M1 +5PIPS LONG

Reasons for entering
- Dragon was moving up, inclination was good, PA being traded above the 200EMA
- Break of previous high that had been tested a few times (look left) with a big green candle and notable volume
Got my target and exited
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Click to Enlarge Name: EURJPYM1.png Size: 86 KB
  • #6,570
  • Jan 18, 2017 10:14am Jan 18, 2017 10:14am
Quoting robmagario
{quote} Yes, you are right. What I was targeting here was the end of a pullback, as I call it the "last breath" of that move. As you said we were very close of 121.000, so that is why I expected PA to touch that level and bounce back (which it did) , that is why I closed before a bit before it touched it, which was already 5PIPS of profit. It is a risky trade indeed.
Risky but calculated with thought as usual based on experience and hours of screen time......
Keep It Simple
  • #6,571
  • Jan 19, 2017 2:28am Jan 19, 2017 2:28am
EURJPY M1 +5PIPS LONG

Reasons for entering
- Dragon was moving up, inclination was good, PA being traded above the 200EMA
- PA broke 122.250 with a green candle and notable volume
- After that I waited until PA did the same thing again, and I entered there
Got my target and exited
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM1.png Size: 74 KB
  • #6,572
  • Jan 19, 2017 2:46am Jan 19, 2017 2:46am
Quoting robmagario
EURJPY M1 +5PIPS LONG Reasons for entering - Dragon was moving up, inclination was good, PA being traded above the 200EMA - PA broke 122.250 with a green candle and notable volume - After that I waited until PA did the same thing again, and I entered there Got my target and exited {image}
"Dislike" the green candle, short on top
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM1.png Size: 49 KB
Be a spectator, not a player
  • #6,573
  • Jan 19, 2017 2:57am Jan 19, 2017 2:57am
EURJPY M1 +2PIPS SHORT

Reasons for entering
- I saw that a red candle had broken the Dragon downwards
- After that, I waited until 2 consecutive red candles that broke the previous support and I entered there
I targeted the retrace back down to Dragon, so I closed when it reached the Dragon
Not many PIPS but I wanted to play safe.
Attached Image (click to enlarge)
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  • #6,574
  • Jan 19, 2017 3:01am Jan 19, 2017 3:01am
Quoting wiserltz
{quote} "Dislike" the green candle, short on top {image}
Completely differently way of analysing the chart, but yours entries and profit look far better than mine!
Well done! I really appreciate your posts!
  • #6,575
  • Jan 19, 2017 3:22am Jan 19, 2017 3:22am
Quoting robmagario
{quote} Completely differently way of analysing the chart, but yours entries and profit look far better than mine! Well done! I really appreciate your posts!
The one works is better
Be a spectator, not a player
  • #6,576
  • Jan 19, 2017 4:23am Jan 19, 2017 4:23am
Quoting wiserltz
{quote} "Dislike" the green candle, short on top {image}
After price dropped from top, I thought the bull wasn't finished
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM1.png Size: 53 KB
Be a spectator, not a player
  • #6,577
  • Jan 19, 2017 4:25am Jan 19, 2017 4:25am
EURJPY M1 +4.3PIPS SHORT

Reasons for entering
- For the past 2 hours the move has been bearish on H1
- Targeted the bounce back to Dragon after PA failed to break 122.250 key level and started to go back to Dragon
- Exited when PA touched Dragon
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM1.png Size: 81 KB
  • #6,578
  • Edited 4:41am Jan 19, 2017 4:27am | Edited 4:41am
Quoting robmagario
EURJPY M1 +4.3PIPS SHORT Reasons for entering - For the past 2 hours the move has been bearish on H1 - Targeted the bounce back to Dragon after PA failed to break 122.250 key level and started to go back to Dragon - Exited when PA touched Dragon {image}
If we work together, may double the profit
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Click to Enlarge Name: EURJPYM1.png Size: 47 KB
Be a spectator, not a player
  • #6,579
  • Jan 19, 2017 4:50am Jan 19, 2017 4:50am
EURJPY M1 +5PIPS LONG

Reasons for entering
- Dragon had started to go up again, inclination was so so, PA being traded above the 200EMA
- A series of very high volume could be seen just under the 200EMA, this meant that bulls were under control and would eventually push price up
- I could see that almost every time we got a red candle with high volume they were actually making higher lows
- Entered after PA broke Dragon upwards
Got my target and exited
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM1.png Size: 79 KB
  • #6,580
  • Edited 6:59am Jan 19, 2017 6:02am | Edited 6:59am
Hit my TP, a phone call distracts me
Closed second trade before Ny, also above the area they built long
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