PVSRA Scalping with Cigarguy | Page 330 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

PVSRA (Price, Volume, S&R Analysis) 8,488 replies

PVSRA Scalping EA 1,290 replies

PVSRA Scalping 13 replies

Scalping M5 with PVSRA / 10pips Daily 64 replies

PVSRA Scalping 0 replies

Attachments: PVSRA Scalping with Cigarguy
Exit Attachments

PVSRA Scalping with Cigarguy

  • #6,581
  • Jan 19, 2017 6:31am Jan 19, 2017 6:31am
EURJPY M1 +4.5PIPS LONG

Reasons for entering
- If you look at the bottom, we got a couple of green candles that closed just below the 200EMA, indicating that bulls were controlling the move
- So, I waited until PA broke 122.250 upwards with a big green candle and notable volume
- After that I waited for some retrace and got into the trade when PA came back to key level 122.250
- Exited when it formed a double shoulders with the previous high as I wanted to play safe
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM1.png Size: 93 KB
  • #6,582
  • Jan 19, 2017 6:33am Jan 19, 2017 6:33am
Quoting wiserltz
{quote} If we work together, may double the profit {image}
Indeed!!! Let's triple it!
  • #6,583
  • Jan 19, 2017 8:10am Jan 19, 2017 8:10am
EURJPY M1 +5PIPS

Reasons for entering SHORT
- Dragon was moving down, inclination was just awesome and PA was being traded below the 200EMA
- Entered on a break of the previous low with a huge red candle and notable bearish volume
Got my target and exited!
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-m1-ftt-sweden-ab.png Size: 91 KB
  • #6,584
  • Jan 19, 2017 8:43am Jan 19, 2017 8:43am
EURJPY M1 +5PIPS LONG

Reasons for going LONG
- Dragon moving up, inclination was good, PA being traded above the 200EMA
- Got a green candle with notable volume that broke the 122.250 key level
- After that, I waited to see what would happen
- After that, an engulfing big red candle PA has failed to follow the bearish move and resumed to be bullish. It also failed to go down until Dragon. This gave me a clue that PA was actually continuing to be bullish.
- So entered when we broke 122.250 for the second time
Got my target and exited
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-m1-ftt-sweden-ab.png Size: 79 KB
  • #6,585
  • Jan 19, 2017 8:51am Jan 19, 2017 8:51am
Quoting robmagario
EURJPY M1 +5PIPS LONG Reasons for going LONG - Dragon moving up, inclination was good, PA being traded above the 200EMA - Got a green candle with notable volume that broke the 122.250 key level - After that, I waited to see what would happen - After that, an engulfing big red candle PA has failed to follow the bearish move and resumed to be bullish. It also failed to go down until Dragon. This gave me a clue that PA was actually continuing to be bullish. - So entered when we broke 122.250 for the second time Got my target and exited {image}
Wow you got two trades today were the move was exactly 5 pips... chirurgical
  • #6,586
  • Edited 9:40pm Jan 19, 2017 8:52am | Edited 9:40pm
Hi everyone,

I am done for today as I have been trading too much and already reached my daily target!
I wish you all a very profitable day!

Rob
  • #6,587
  • Jan 19, 2017 8:54am Jan 19, 2017 8:54am
Quoting the3mp
{quote} Wow you got two trades today were the move was exactly 5 pips... chirurgical
That is why Cigarguy always talks about the FIFO 5PIPS.
Because as soon as we reach 5 pips, it starts to run against us.
  • #6,588
  • Jan 19, 2017 9:02am Jan 19, 2017 9:02am
Quoting robmagario
{quote} That is why Cigarguy always talks about the FIFO 5PIPS. Because as soon as we reach 5 pips, it starts to run against us.
Quick question... I see you trade a lot on EURJPY ... don't you feel sometimes the price of the pair is more regulated by EURUUSD and USDJPY, hence respecting less typical resistences (especially during Lon+NY)?
  • #6,589
  • Jan 19, 2017 9:12am Jan 19, 2017 9:12am
Quoting the3mp
{quote} Quick question... I see you trade a lot on EURJPY ... don't you feel sometimes the price of the pair is more regulated by EURUUSD and USDJPY, hence respecting less typical resistences (especially during Lon+NY)?
Hi The3mp,

The only reason I am trading EURJPY more than other pairs is because of the Currency Strength Meter.
My favorite pair is actually USDJPY as you can see in most of my posts before this week and the week before.
Just that recently CSM was not showing a good distance between USD and JPY so I didn't trade it.
Otherwise I would always stick to USDJPY and EURUSD as these 2 are my favorite pairs.

Regards,
Rob
  • #6,590
  • Jan 19, 2017 9:15am Jan 19, 2017 9:15am
Quoting robmagario
{quote} Hi The3mp, The only reason I am trading EURJPY more than other pairs is because of the Currency Strength Meter. My favorite pair is actually USDJPY as you can see in most of my posts before this week and the week before. Just that recently CSM was not showing a good distance between USD and JPY so I didn't trade it. Otherwise I would always stick to USDJPY and EURUSD as these 2 are my favorite pairs. Regards, Rob
Interesting, according to my meter JPY was very weak... which setting do you have for it?
  • #6,591
  • Jan 19, 2017 9:21am Jan 19, 2017 9:21am
Quoting the3mp
{quote} Interesting, according to my meter JPY was very weak... which setting do you have for it?
I haven't changed the original settings of CSM, but just in case here are my settings.
Rob
Attached File(s)
File Type: txt CSM.set.txt   < 1 KB | 517 downloads
  • #6,592
  • Jan 19, 2017 9:21am Jan 19, 2017 9:21am
Quoting robmagario
{quote} I haven't changed the original settings of CSM, but just in case here are my settings. Rob {file}
Thank you very much!
  • #6,593
  • Jan 19, 2017 10:43am Jan 19, 2017 10:43am
After a lot of studying this is beginning to make sense.

Here we go, my first live trade with this system. All comment are welcome.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.JPG Size: 88 KB
  • #6,594
  • Jan 19, 2017 10:47am Jan 19, 2017 10:47am
Quoting robmagario
{quote} That is why Cigarguy always talks about the FIFO 5PIPS. Because as soon as we reach 5 pips, it starts to run against us.
Yes..as you stated it most often will (not always of course) so we grab our FIFO pips with little stress and stalk for another PVSRA entry....Nice trading and example setting on your part.
Keep It Simple
  • #6,595
  • Jan 19, 2017 11:14am Jan 19, 2017 11:14am
Quoting Tradable
After a lot of studying this is beginning to make sense. Here we go, my first live trade with this system. All comment are welcome.eurusd.JPG;2147330 {image}
Well done! But you could have targeted a bit more pips on that one.
  • #6,596
  • Jan 19, 2017 11:15am Jan 19, 2017 11:15am
Quoting cigarguy
{quote} Yes..as you stated it most often will (not always of course) so we grab our FIFO pips with little stress and stalk for another PVSRA entry....Nice trading and example setting on your part.
Thanks Cigarguy for starting this awesome thread a year ago!
  • #6,597
  • Jan 19, 2017 12:27pm Jan 19, 2017 12:27pm
Hi guys this is a really great thread! Thank you a thousand times cigarguy! I learned a lot from this thread especially from you and robmagario.
USDJPY +3.7 PIPS

After green candle with big volume that broke 115.500 i aimed for RWH. Dragon was also nicely moving up so I decided to enter.
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-01-19_18-41-25_USDJPY_M1_.jpg Size: 72 KB
  • #6,598
  • Jan 19, 2017 12:51pm Jan 19, 2017 12:51pm
Quoting Enki12
Hi guys this is a really great thread! Thank you a thousand times cigarguy! I learned a lot from this thread especially from you and robmagario. USDJPY +3.7 PIPS After green candle with big volume that broke 115.500 i aimed for RWH. Dragon was also nicely moving up so I decided to enter. {image}
Thanks and welcome to you and all new PVSRA Scalpers. Rob has become a excellent scalper and leader as his many hours of study and screen time is evident by his thoughtful trades and explanations.

His trades serve as a outstanding example for all to observe and learn.

We now have many profitable Scalpers (too many to list) that have devoted many hours and now are reaping their deserved benefits.

Cigarguy
Keep It Simple
  • #6,599
  • Jan 19, 2017 2:20pm Jan 19, 2017 2:20pm
EURUSD +5 PIPS

Dragon was moving up.
Entered on a break of the previous high with a green candle. Volume was ok.
I was extra cautious after the red doji was formed.
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-01-19_20-41-05_EURUSD_M1_.jpg Size: 61 KB
  • #6,600
  • Jan 19, 2017 8:34pm Jan 19, 2017 8:34pm
Quoting Enki12
Hi guys this is a really great thread! Thank you a thousand times cigarguy! I learned a lot from this thread especially from you and robmagario. USDJPY +3.7 PIPS After green candle with big volume that broke 115.500 i aimed for RWH. Dragon was also nicely moving up so I decided to enter. {image}
Very wise decision to close it at RWH! Very well done!!!
17 traders viewing now