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PVSRA Scalping with Cigarguy

  • #6,841
  • Jan 30, 2017 7:00pm Jan 30, 2017 7:00pm
UJ 5pis short after big candle
The second is a quick gift
Third one
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Be a spectator, not a player
  • #6,842
  • Jan 30, 2017 7:06pm Jan 30, 2017 7:06pm
EURJPY M1 +5PIPS LONG

Reasons for entering
- Two red candles tried to break Dragon down but failed
- After that 2 green candles pushed PA all the way up
- After that, there was a break of a strong resistance (look all the way to the left) with a green candle
- That is where I entered
Reached my target and exited.
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  • #6,843
  • Jan 30, 2017 7:11pm Jan 30, 2017 7:11pm
Rob & wiserltz,

You both caught great FIFO scalps with those high momentum entries....Good Job...
Keep It Simple
  • #6,844
  • Jan 30, 2017 7:38pm Jan 30, 2017 7:38pm
Hi. I just had two questions. I take it the ' Dragon' refers to the 50/200 Ema correct?

Second, when you refer to FIFO scalps, what does that mean exactly?

When I think of FIFO, I think of first in first out.

Thank you
  • #6,845
  • Jan 30, 2017 9:29pm Jan 30, 2017 9:29pm
Quoting ShawnC78
Hi. I just had two questions. I take it the ' Dragon' refers to the 50/200 Ema correct? Second, when you refer to FIFO scalps, what does that mean exactly? When I think of FIFO, I think of first in first out. Thank you
The dragon is the 50 EMA and FIFO = FAST IN FAST OUT..
Cigarguy
Keep It Simple
  • #6,846
  • Jan 30, 2017 11:41pm Jan 30, 2017 11:41pm
EURJPY M1 -6PIPS LONG

Reasons for entering
- Dragon moving up , inclination was good, PA being traded above the 200EMA
- PA broke the whole structure on the left with notable volume and a green candle
- I actually saw on M15 that this bullish move was almost finishing, but I decided to ignore it
Paid the price of 6pips for ignoring what M15 was telling me.
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  • #6,847
  • Edited 2:56am Jan 31, 2017 12:06am | Edited 2:56am
EURJPY M1 +5PIPS LONG

Reasons for entering
- There were 2 red candles with notable volume on the bottom, for me this indicated that bulls were about to push prices up
- The bottoms were becoming higher
- Entered when PA broke 121.500 key level with a green candle and notable volume
Got my target and exited.
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  • #6,848
  • Jan 31, 2017 12:48am Jan 31, 2017 12:48am
EurUsd M5 2 winners . Reason for entry : break of tunnel and PVA signals
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  • #6,849
  • Jan 31, 2017 1:29am Jan 31, 2017 1:29am
EURUSD M1 +5PIPS SHORT

Reasons for entering
- Dragon was moving down, inclination was good, PA being traded below the 200EMA
- I waited until PA broke the 1.07000 with a red candle and notable volume
- After that, I waited for some retrace
- I entered when PA broke 1.07000 again and made a new low (this low also broke the 200EMA on M5)
Got my target and exited
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  • #6,850
  • Jan 31, 2017 1:47am Jan 31, 2017 1:47am
I'm using this EA to close the order
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File Type: mq4 RoNz_Auto_SL-TS-TP.mq4   13 KB | 538 downloads
  • #6,851
  • Jan 31, 2017 3:36am Jan 31, 2017 3:36am
EURUSD +10PIPS LONG

Reasons for entering
- Entered when PA broke the previous high, which also looked like an area of consolidation. The volume was not notable so I regretted a bit and entered again when PA broke the same level this time with notable volume.
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  • #6,852
  • Jan 31, 2017 3:44am Jan 31, 2017 3:44am
+10 PIP
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  • #6,853
  • Jan 31, 2017 3:45am Jan 31, 2017 3:45am
EURJPY M1 +8.5PIPS LONG

I have watched this pair for a few hours and noticed very strong resistance around the 122.000 key level.
Reasons for entering
- I entered when PA finally broke the 122.035 last high with a green candle and very notable volume
Got my target and exited
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  • #6,854
  • Jan 31, 2017 3:58am Jan 31, 2017 3:58am
Nice pips guys.....You have become proficient with your patience stalking for the HIGH MOMENTUM PVSRA entries...Congrats..
Keep It Simple
  • #6,855
  • Jan 31, 2017 4:28am Jan 31, 2017 4:28am
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  • #6,856
  • Jan 31, 2017 5:11am Jan 31, 2017 5:11am
Only one trade today. Got to my 5 pip goal however I had to go through an 8 pip draw down which I am not happy with. After looking back on the trade I think I have worked out what went wrong, however I would love for someone elses input on it as well if anyone has time!

My reasoning and what I think I did wrong I have written on the chart.

Great trades today everyone! All the best!

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  • #6,857
  • Jan 31, 2017 5:47am Jan 31, 2017 5:47am
Quoting Bsan89
Only one trade today. Got to my 5 pip goal however I had to go through an 8 pip draw down which I am not happy with. After looking back on the trade I think I have worked out what went wrong, however I would love for someone elses input on it as well if anyone has time! My reasoning and what I think I did wrong I have written on the chart. Great trades today everyone! All the best! USDJPYM1.jpg;2164883 {image}
At that time you entered, PA had already moved one entire key level (from 113.750 all the way down to 113.500), without bouncing back to Dragon at all.

Not sure if I would have entered the trade in those conditions.
Based on the conditions above, after PA broke the 113.500 with notable volume, I would probably wait until it bounced back to Dragon.
In your chart, it didn't so I think I wouldn't have taken this trade or maybe I would have opened the position as soon as that candle turned red.
  • #6,858
  • Jan 31, 2017 6:31am Jan 31, 2017 6:31am
EURJPY M1 +5PIPS SHORT

Reasons for entering
- I have observed a red candle that tried to break 122.000 but failed. After that I assumed that bears would try to push PA down
- After that, PA broke 121.750 key level, which also broke the whole structure (look left)
- That is where I entered
Got my target and exited
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  • #6,859
  • Jan 31, 2017 6:31am Jan 31, 2017 6:31am
Quoting robmagario
{quote} At that time you entered, PA had already moved one entire key level (from 113.750 all the way down to 113.500), without bouncing back to Dragon at all. Not sure if I would have entered the trade in those conditions. Based on the conditions above, after PA broke the 113.500 with notable volume, I would probably wait until it bounced back to Dragon. In your chart, it didn't so I think I wouldn't have taken this trade or maybe I would have opened the position as soon as that candle turned red.
OR 113.700 a bit more aggressive on break of 50 & 200 emas as dragon turned down with quick t/p @ 600 area as PA begin to stall.

Either OK....hindsight always 20/20....
Keep It Simple
  • #6,860
  • Jan 31, 2017 6:32am Jan 31, 2017 6:32am
went to +10 PIP but I miss the entry
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