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PVSRA Scalping with Cigarguy

  • #6,661
  • Jan 23, 2017 11:49pm Jan 23, 2017 11:49pm
Bull bias trades. many green candles
Attached Image (click to enlarge)
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Be a spectator, not a player
  • #6,662
  • Jan 24, 2017 12:02am Jan 24, 2017 12:02am
AUDUSD +2.6

Held onto this one a little longer than I wanted, which brings me to a question to some of the more senior members in this thread. How do you determine you're wrong and get out of the trade?

My reason for entering this trade was that there was a strong bearish candle crossing 0.75000 level and was in the direction of the trend. AUDUSD pair has been trending downwards all day.
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  • #6,663
  • Jan 24, 2017 12:19am Jan 24, 2017 12:19am
[quote=Ivanyo;9471395]...which brings me to a question to some of the more senior members in this thread. How do you determine you're wrong and get out of the trade? /quote]
That's what haunts me as well.
  • #6,664
  • Jan 24, 2017 12:27am Jan 24, 2017 12:27am
Quoting Ivanyo
AUDUSD +2.6 Held onto this one a little longer than I wanted, which brings me to a question to some of the more senior members in this thread. How do you determine you're wrong and get out of the trade? My reason for entering this trade was that there was a strong bearish candle crossing 0.75000 level and was in the direction of the trend. AUDUSD pair has been trending downwards all day. {image}
You will probably get better answer later but this my 2cents about this position, could not speak generally because it depends about your trading style and about your bias.
explanation on chart.
Hope this could help you
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There is no way to happiness , happiness is the way.
  • #6,665
  • Jan 24, 2017 1:14am Jan 24, 2017 1:14am
Quoting wiserltz
UJ, long because they dragged price too low, needed some space to release the pressure.... {image}
will be interesting to have this tools bull vs bear on mt4, on ctrader i think this is just the bull vs bear using ctrader right ?
There is no way to happiness , happiness is the way.
  • #6,666
  • Jan 24, 2017 2:33am Jan 24, 2017 2:33am
I find it easier to deal with exits on higher time frames. When FIFO:ing 5pips at the time, a 20pips stop loss/exit wipes out 4 good trades, exactly what happened to me yesterday.
  • #6,667
  • Jan 24, 2017 4:02am Jan 24, 2017 4:02am
Some random entry with 100% success in gbp news.
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  • #6,668
  • Jan 24, 2017 4:47am Jan 24, 2017 4:47am
UJ, although the bull is obviously, nobody want to pull the trigger, lost my patience, should close the trade earlier, catching trend tail is more easy

EU, little better
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURUSDM1.png Size: 56 KB
Be a spectator, not a player
  • #6,669
  • Jan 24, 2017 4:58am Jan 24, 2017 4:58am
Quoting wiserltz
UJ, although the bull is obviously, nobody want to pull the trigger, lost my patience, should close the trade earlier, catching trend tail is more easy EU, little better {image} {image}
Should've waited a few more minutes - just shot up
  • #6,670
  • Jan 24, 2017 5:01am Jan 24, 2017 5:01am
Quoting Ivanyo
{quote} Should've waited a few more minutes - just shot up
Yes, since the trend was there for a long time, price may retrace greatly , even they continue the trend, the trend will be quite slow, just my imagine....

Haha EU too early
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Be a spectator, not a player
  • #6,671
  • Jan 24, 2017 5:08am Jan 24, 2017 5:08am
EU M1 +5. Explaination on chart.

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  • #6,672
  • Jan 24, 2017 5:34am Jan 24, 2017 5:34am
EJ closed long
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Be a spectator, not a player
  • #6,673
  • Jan 24, 2017 5:39am Jan 24, 2017 5:39am
Two charts I just want to share with everyone - if you look left, the charts often tell when where to enter.

Example 1 - USDJPY
Look at how price has failed to break the blue area multiple times before a large green candle breaks that area. Both times a trader could've gotten +5 pips easy if they were paying attention to the charts.

Example 2 - EURUSD
Similar idea, looking at how price has failed to break the blue area. Set up a pending sell and you would've been in and out real quick!
Attached Image(s) (click to enlarge)
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  • #6,674
  • Jan 24, 2017 6:19am Jan 24, 2017 6:19am
Quoting Ivanyo
Two charts I just want to share with everyone - if you look left, the charts often tell when where to enter. Example 1 - USDJPY Look at how price has failed to break the blue area multiple times before a large green candle breaks that area. Both times a trader could've gotten +5 pips easy if they were paying attention to the charts. Example 2 - EURUSD Similar idea, looking at how price has failed to break the blue area. Set up a pending sell and you would've been in and out real quick! {image} {image}
Great example depicting WHY I have always advised PVSRA Scalpers too "LOOK LEFT"....Thanks for this post and the reinforcement ...
Keep It Simple
  • #6,675
  • Jan 24, 2017 8:41am Jan 24, 2017 8:41am
EURUSD M1 +5PIPS LONG

Reasons for entering
- Break of the previous high with series of huge candles, very notable volumes that broke the whole structure on the left
Got my target and exited
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  • #6,676
  • Jan 24, 2017 8:58am Jan 24, 2017 8:58am
EU risky short on TOP
Attached Image (click to enlarge)
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Be a spectator, not a player
  • #6,677
  • Jan 24, 2017 9:14am Jan 24, 2017 9:14am
Quoting Ivanyo
Two charts I just want to share with everyone - if you look left, the charts often tell when where to enter. Example 1 - USDJPY Look at how price has failed to break the blue area multiple times before a large green candle breaks that area. Both times a trader could've gotten +5 pips easy if they were paying attention to the charts. Example 2 - EURUSD Similar idea, looking at how price has failed to break the blue area. Set up a pending sell and you would've been in and out real quick! {image} {image}
U/J -
If you entered on the first breakout. You might have a lil drawdown due to retrace. If you had a small stop loss. It might have a loS's. The second breakout with notable vol looks much better.
  • #6,678
  • Jan 24, 2017 9:19am Jan 24, 2017 9:19am
Lost 92 USD hit -22 PIP
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  • #6,679
  • Jan 24, 2017 9:23am Jan 24, 2017 9:23am
Quoting alawy103
Lost 92 USD hit -22 PIP {image}
Why didn't you close this out earlier? Having stops this large when scalping a few pips is asking for trouble.
  • #6,680
  • Jan 24, 2017 9:33am Jan 24, 2017 9:33am
Quoting Vape
{quote} Why didn't you close this out earlier? Having stops this large when scalping a few pips is asking for trouble.
I have been busy with my work, I'm still didn't figure the problem with my entry. and the big problem this entry was in real .
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