PVSRA Scalping with Cigarguy | Page 335 | 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

  • #6,681
  • Jan 24, 2017 9:38am Jan 24, 2017 9:38am
Quoting alawy103
{quote} 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 .
Are you observing m15 and m5 for trend and PVSRA and then dropping down to m1 for entry with notable MM momentum?

If so momentum will most often give you a FIFO scalp...
Keep It Simple
  • #6,682
  • Jan 24, 2017 9:57am Jan 24, 2017 9:57am
Quoting cigarguy
{quote} Are you observing m15 and m5 for trend and PVSRA and then dropping down to m1 for entry with notable MM momentum? If so momentum will most often give you a FIFO scalp...
I will do more practising with M15. i'm observing only M5 .
  • #6,683
  • Jan 24, 2017 10:16am Jan 24, 2017 10:16am
Quoting alawy103
{quote} I will do more practising with M15. i'm observing only M5 .
Hope this helps...
Keep It Simple
  • #6,684
  • Jan 24, 2017 10:23am Jan 24, 2017 10:23am
Quoting cigarguy
{quote} Hope this helps...
Hi cigarguy

If it helps could you illustrate mtf analysis with some pics?

Much appreciated!
  • #6,685
  • Jan 24, 2017 11:10am Jan 24, 2017 11:10am
Quoting pvrsazyt
{quote} Hi cigarguy If it helps could you illustrate mtf analysis with some pics? Much appreciated!
I am traveling now with only my cell phone. Maybe Rob or other core PVSRA Scalpers can post.

I know there are many posted charts through out our thread..
Keep It Simple
  • #6,686
  • Jan 24, 2017 11:14am Jan 24, 2017 11:14am
Here we go again +1 PIP
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 94 KB
  • #6,687
  • Jan 24, 2017 11:27am Jan 24, 2017 11:27am
Quoting alawy103
Here we go again +1 PIP {image}
The Session and time of day should show good volume with a trend or retraces will grab your stops.

Not only scalping PVSRA but any system.....it's about volume and momentum...
Keep It Simple
  • #6,688
  • Jan 24, 2017 2:02pm Jan 24, 2017 2:02pm
With USDJPY +1 PIP
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 109 KB
  • #6,689
  • Jan 24, 2017 3:22pm Jan 24, 2017 3:22pm
GBPUSD +1
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 92 KB
  • #6,690
  • Jan 24, 2017 7:23pm Jan 24, 2017 7:23pm
Quoting alawy103
GBPUSD +1 {image}
Why are you trading for 1 pip - in your charts you can see it can continue onwards. If you are worried, trail your stop with the previous candle.
  • #6,691
  • Jan 24, 2017 7:32pm Jan 24, 2017 7:32pm
USDJPY M1 +5PIPS SHORT

Reasons for entering
- Bulls have failed to break the 200EMA with two pairs of green and red candles making double shoulders. To me, this indicated that MMs were going to push prices down
- Waited until PA broke the whole structure on the left with a red candle and notable volume
- Waited to see a small retrace
- Entered when I thought the retrace was over
Got my target and exited!
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m1-ftt-sweden-ab.png Size: 75 KB
  • #6,692
  • Jan 24, 2017 7:43pm Jan 24, 2017 7:43pm
Quoting alawy103
Lost 92 USD hit -22 PIP {image}
Alawy103,

Can you zoom out the chart a bit? I cannot tell much from your chart as I cannot see the left part much.

I analyze the left part for a few hours before I take any trade, so if you can post that chart zoomed out a bit, it will help.
Just 3 things I can immediately tell is

1) First of all, did you look at the Currency Strength Meter? I saw that EUR and USD were very close to each other, so basically for me that was already a bad sign. When spotting pair to trade, you'd better look for currencies that are very far from each other on that meter.

2) Dragon was sleeping, so Dragon was horizontal. When Dragon doesn't give me a good inclination, I won't trade.

3) Always have a way to protect your capital, by either setting a SL , or having a metal SL. I basically just set it on the EA as I don't use mental stop losses.

And as Cigarguy also wrote, always look for M5, M15, etc (larger time frames) and analyze those before you take the trade.
  • #6,693
  • Edited Jan 25, 2017 3:50am Jan 24, 2017 9:43pm | Edited Jan 25, 2017 3:50am
UJ long with the MM 21 trades all green +90Pips
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1.png Size: 91 KB
Be a spectator, not a player
  • #6,694
  • Jan 25, 2017 1:49am Jan 25, 2017 1:49am
Quoting robmagario
USDJPY M1 +5PIPS SHORT Reasons for entering - Bulls have failed to break the 200EMA with two pairs of green and red candles making double shoulders. To me, this indicated that MMs were going to push prices down - Waited until PA broke the whole structure on the left with a red candle and notable volume - Waited to see a small retrace - Entered when I thought the retrace was over Got my target and exited! {image}
Why didn't you enter on that last high volume bearish candle? How did you know the price would retrace?
  • #6,695
  • Jan 25, 2017 2:19am Jan 25, 2017 2:19am
Quoting DeploX
{quote} Why didn't you enter on that last high volume bearish candle? How did you know the price would retrace?
I think rob would wait the retrace, if the retrace didn't came, he would try to dig out another one! Hahaha
Be a spectator, not a player
  • #6,696
  • Jan 25, 2017 2:31am Jan 25, 2017 2:31am
Quoting DeploX
{quote} Why didn't you enter on that last high volume bearish candle? How did you know the price would retrace?
Very simple, I usually wanna see how PA develops after that, I will only open the position if it the size of the candle is big enough, in this case it was not that big.
Moreover it was during Asian session, so I don't want PA to be too far from Dragon because there are more chances that PA will go back to Dragon when the distance is too far.
Lastly, PA had already broken the previous low after it did a big retrace that failed to break the 200ema, so I entered at a good location after observing the retrace.
  • #6,697
  • Jan 25, 2017 2:38am Jan 25, 2017 2:38am
Quoting wiserltz
{quote} I think rob would wait the retrace, if the retrace didn't came, he would try to dig out another one! Hahaha
Yes, also because I observed on the same chart that PA was retracing after red candles before a few times so I assumed that it would retrace again. As people say "History repeats itself".
  • #6,698
  • Jan 25, 2017 2:54am Jan 25, 2017 2:54am
AUDJPY +5

At time of entry;

  1. JPY was stronger than AUD, meaning that short was the correct direction. This is also confirmed by the dragon and the trend line.
  2. There was a level around 85.51/85.52 that price failed to break previously. All I did was simply set up a sell pending order to enter at the break of that level (see 1st, upper blue rectangle). Profits set to take 5 pips, but really could've let it run if I wanted to.


There was also an opportunity to re-enter another short (as shown by the 2nd, lower blue rectangle). Price had broken the 85.500 level and was going to continue it's breakout.

Attached Image(s) (click to enlarge)
Click to Enlarge Name: audjpy-m1-go-markets-pty.png Size: 81 KB
Click to Enlarge Name: audjpy-m1-go-markets-pty-3.png Size: 75 KB
  • #6,699
  • Jan 25, 2017 6:24am Jan 25, 2017 6:24am
EURUSD DEMO +1 PIP

I'm practising with demo now till i get more comfortable with the method, i will back to use my Real account
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 120 KB
  • #6,700
  • Jan 25, 2017 6:57am Jan 25, 2017 6:57am
UJ don't know the reason, just scalping while bouncing back to dragon
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1.png Size: 61 KB
Be a spectator, not a player
1 trader viewing now