PVSRA Scalping with Cigarguy

Let's get real; All that is needed on any chart to trade successfully is.....KEY LEVELS (depicting S & R.).....200 EMA ( trend).....and ability to observe and identify momentem with tick volume.

All other indicators are mostly lagging and provide somewhat of a false security blanket. I have and do trade often from such a
Clean chart just for reinforcement not to loose trading skills and to detect my mistakes with a fairly bare bones chart.

This gives me the opportunity to find my personal mistakes with NO INDICATORS TO BLAME...

here you can find it.

Saiffx

Hey guys, I missed this thread so much!

Had some internet issues around end of december + had to move to a new place so a lot to pick up again here!

So, the trade on this chart.
- Not a good day and time to trade (sunday at T.O.), but observed this nice opportunity, after the other one which I did take but no screenshot

1. Price broke from the previous support and headed directly towards 114.500... no increments on volume when it hit, to me it was a signal that a continuation would occur.
2. Looked left and saw no previous price action supporting 114.500, only BELOW at 114.440/450, so a nice 3,5 to 4 pip target.
3. Waited until price breaks 114.500 with notable volume
4. Entered at the start of the next candle and carried over my 4 pip target.

Price soon reversed a couple of minutes later, near that support 114.450.

Learning a lot, but also having some practice all thanks to big and small contributors

Btw, happy and abundant new year & Chicken year to you all!

EURJPY M1 -6.6PIPS SHORT

Reasons for entering
- Dragon was moving down, inclination was so so, PA being traded below de 200EMA
- Entered after PA broke the previous low.
- Unfortunately, the impulse was not big enough and it went against me
- I should have closed after the pink candle but I didn't
Hit my Stop Loss and exited

EURJPY M5 +3PIPS LONG

Reasons for entering
- I tried to catch the momentum when PA bounces back to the 200EMA
- Since it was M5 instead of M1 I thought it would be ok to do this as the distance would be enough
- I entered when PA broke Dragon with a big green candle with notable volume
I closed it soon because Dragon was not moving up, so I wanted to play safe

I wake up late today ... maybe I missed a lot.

Not in mood today

Hope everyone had a great weekend! 3 green trades for me today! First one took too long so I feel my entry may have been off, however it did get there in the end.

Explanations are written on the charts.








Good luck everyone!

Here We go Again

Quick +1 PIP

One More

Good start for the week catching some nice momentum entries..

AU M1 +4. Explaination on chart.

EU M1 +5.6 Explaination on chart.

Nice trades and charts..

+1 PIP

UJ short with momentum, planed to sell on retrace, but price dropped too quick

USDJPY M1 +5PIPS SHORT

Reasons for entering
- Dragon moving down, inclination was good, PA being traded below the 200EMA
- Break of previous low with a red candle and notable volume that broke the whole structure on the left
Got my target and exited.

It happens...you know how those sneaky MM'S play games with retraces to grab stops. Was your entry confirmed as a PVSRA entry on M5...?

No, I didn't get a confirmation of PVSRA on M5, I think that is why I failed.

EURJPY M1 +5PIPS SHORT

Reasons for entering
- Dragon moving down, inclination was good, PA being traded below the 200EMA
- A green candle tried to break Dragon in the last minute of an hourly candle but failed, after that PA resumed to be bearish
- Break of support level 121.500 with a red candle and notable volume
Got my target and exited