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PVSRA Scalping with Cigarguy

  • #6,721
  • Jan 25, 2017 10:09am Jan 25, 2017 10:09am
Momentum was not enough, mm could control the price
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Be a spectator, not a player
  • #6,722
  • Jan 25, 2017 10:15am Jan 25, 2017 10:15am
Quoting wiserltz
Momentum was not enough, mm could control the price {image}
What's your criterion for SL?
  • #6,723
  • Jan 25, 2017 10:17am Jan 25, 2017 10:17am
UJ M5 FIFO Scalp +99 (avg. +19.5 @ 5 lots) Trying to leave but couldn't pass on this quick M5 scalp for some nice pips....UJ MM's gave some nice momentum this AM.....+275.
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Keep It Simple
  • #6,724
  • Jan 25, 2017 10:28am Jan 25, 2017 10:28am
Quoting the3mp
{quote} What's your criterion for SL?
I didn't set hard SL for this trade, only TP, because the previous M5 red candle, there was no second wave down, I intereprated the red candle was a stop hunt
Be a spectator, not a player
  • #6,725
  • Jan 25, 2017 10:37am Jan 25, 2017 10:37am
FYI primarily for new scalpers..... retrace time prior to LC when MM's love to catch wrong way traders and grab stops, so be careful not to over trade and give back those hard earned pips banked earlier with nice MM momentum....
Keep It Simple
  • #6,726
  • Jan 25, 2017 11:09am Jan 25, 2017 11:09am
Quoting cigarguy
FYI primarily for new scalpers..... retrace time prior to LC when MM's love to catch wrong way traders and grab stops, so be careful not to over trade and give back those hard earned pips banked earlier with nice MM momentum....
Yes! I have done that a lot of times and lost a lot of money so I am more careful now.
  • #6,727
  • Jan 25, 2017 11:11am Jan 25, 2017 11:11am
Quoting robmagario
{quote} Yes! I have done that a lot of times and lost a lot of money so I am more careful now.
As have I.....
Keep It Simple
  • #6,728
  • Jan 25, 2017 11:20am Jan 25, 2017 11:20am
UJ tickvolume dropped to quickly, closed the trade
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Be a spectator, not a player
  • #6,729
  • Jan 25, 2017 11:25am Jan 25, 2017 11:25am
Quoting wiserltz
UJ tickvolume dropped to quickly, closed the trade {image}
You got your +5 so all is good....
Keep It Simple
  • #6,730
  • Jan 25, 2017 11:35am Jan 25, 2017 11:35am
Quoting cigarguy
{quote} You got your +5 so all is good....
Lucky maybe
Or maybe previous bull trend was so strong that LC will continuing it....
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Be a spectator, not a player
  • #6,731
  • Jan 25, 2017 11:36am Jan 25, 2017 11:36am
UJ M1 FIFO Scalp +37 (avg. +7.4 @ 5 lots) Quick scalp with nice MM momentum...
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Keep It Simple
  • #6,732
  • Jan 25, 2017 11:43am Jan 25, 2017 11:43am
Quoting wiserltz
{quote} Lucky maybe Or maybe previous bull trend was so strong that LC will continuing it.... {image}
My Crystal Ball is out for repair....Only wish we knew as hind sight is always 20/20.....lol......so we stalk and scalp what the market gives.....
Keep It Simple
  • #6,733
  • Edited 12:12pm Jan 25, 2017 11:56am | Edited 12:12pm
UJ M1 FIFO Scalp +23 (avg. +4.6 @ 5 lots) Quick little M1 CT scalp...

Thanks to the UJ sneaky MM's, +335, I may not work today and go fishing.....lol....At times they can be so transparent....

MM's pumping and dumping above 113.800 possibly building for a long run....time will tell maybe not during NY but Asia or London??

The only thing in trading that we know for certain is that we know nothing for certain...
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Keep It Simple
  • #6,734
  • Jan 25, 2017 12:11pm Jan 25, 2017 12:11pm
Hi ! cigarguy did you trade with GBPUSD ??
  • #6,735
  • Jan 25, 2017 12:12pm Jan 25, 2017 12:12pm
Quoting alawy103
Hi ! cigarguy did you trade with GBPUSD ??
No, not today and not normally.

I like to stick with only 1 or 2 pairs and get to know their movement very well....that's just my opinion as many attempt to watch too many pairs worried they will miss a trade. IMO it's better to learn 1 or 2 pairs and stay focused and attempt to detect how the sneaky MM's play their games with those pairs only....
Keep It Simple
  • #6,736
  • Jan 25, 2017 12:13pm Jan 25, 2017 12:13pm
UJ, unready for the movement....
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Be a spectator, not a player
  • #6,737
  • Jan 25, 2017 12:19pm Jan 25, 2017 12:19pm
Quoting cigarguy
{quote} No, not today and not normally. I like to stick with only 1 or 2 pairs and get to know their movement very well....that's just my opinion as many attempt to watch too many pairs worried they will miss a trade. IMO it's better to learn 1 or 2 pairs and stay focused and attempt to detect how the sneaky MM's play their games with those pairs only....

Great Thanks EU and UJ look like the best for this method

here we go with little risk
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  • #6,738
  • Jan 25, 2017 12:19pm Jan 25, 2017 12:19pm
Quoting wiserltz
UJ, unready for the movement.... {image}
UJ Pump N Dumps continue....those sneak MM crooks...
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Keep It Simple
  • #6,739
  • Jan 25, 2017 12:27pm Jan 25, 2017 12:27pm
Quoting cigarguy
{quote} UJ Pump N Dumps continue....those sneak MM crooks... {image}
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Be a spectator, not a player
  • #6,740
  • Jan 25, 2017 12:28pm Jan 25, 2017 12:28pm
A very basic reminder from one of our PVSRA PDF's......IMO we all need to take time to review the basics as we acquire some bad habits with time...but keep in mind, nothing is carved in granite and their are times to deviate but we all need a foundation from which to build...........
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Keep It Simple
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