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PVSRA Scalping with Cigarguy

  • #6,901
  • Feb 1, 2017 9:06am Feb 1, 2017 9:06am
EURUSD M1 +5PIPS SHORT

Reasons for entering
- Break of the whole structure (look left) with a big red candle and notable volume
- I entered a bit late because I was opening a pizza box. I am having a late dinner here in Hong Kong.
Got my target and exited!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m1-ftt-sweden-ab.png Size: 60 KB
  • #6,902
  • Edited 9:27am Feb 1, 2017 9:14am | Edited 9:27am
Quoting cigarguy
I noticed the few raders that are having difficulties with their scalping are subscribed to many threads and attempting to trade and learn many systems. My suggestion is chose the ONE SYSTEM that fits your style and learn it well. Jumping from threads and systems only confuses and will prevent success with any......I can speak from years of experience of doing just that until I acquired the discipline to learn and trade ONLY ONE....
Yes Cigarguy, I agree with you.
Initially, I was applying my previous knowledge on PVSRA, and that was what has affected me in a negative way.
I only started to win after I decided to forget everything I knew previously and decided to focus on PVSRA only.

My advice to other traders here is ONLY FOCUS ON 1 SYSTEM. First, learn how to trade one system only. After you can make stable profit with it, you can think of other systems. But probably when you reach that level, you won't even think of other things, hehehe.
  • #6,903
  • Feb 1, 2017 9:42am Feb 1, 2017 9:42am
EURJPY M1 +5PIPS SHORT

Reasons for entering
- I noticed very strong support at around 122.184, so I was waiting for a few hours until we could break this level
- Break of the whole structure on 122.184 (look left) with a big red candle and notable volume
- That is where I entered
Got my target and exited.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-m1-ftt-sweden-ab.png Size: 84 KB
  • #6,904
  • Feb 1, 2017 10:26am Feb 1, 2017 10:26am
Quoting robmagario
{quote} Yes Cigarguy, I agree with you. Initially, I was applying my previous knowledge on PVSRA, and that was what has affected me in a negative way. I only started to win after I decided to forget everything I knew previously and decided to focus on PVSRA only. My advice to other traders here is ONLY FOCUS ON 1 SYSTEM. First, learn how to trade one system only. After you can make stable profit with it, you can think of other systems. But probably when you reach that level, you won't even think of other things, hehehe.
Yup, guilty as charged. I have been back and forth between different systems and never became constantly profitable. I have now dropped everything else and I just keep on practicing this one here. I believe it's the best fit with my personality and available time.

Here's one from today.
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  • #6,905
  • Feb 1, 2017 10:52am Feb 1, 2017 10:52am
Quoting kwinwls
{quote} yes i do but based on the 15min and pos trading thats wy getting some times confused on the 1 min and seeing it on the 1 min i reacted too much times at a big color candle breaking a level(but volume was not big)(fake out) i think by taking away the colour candle and use HA candles with some price action and looking down at the volume (let say rising) will be my best solution and having the 5 +15 in HA also for verification will test this combo the next days when is study your charts that is what i think/see your doing(like you said do not...
I was doing a similar mistake a lot of times. Be careful, the candle can get colored because of the size and not because of the volume. This is very important cause a big price candle with low volume has usually a pretty good chance to bounce back with a similar candle of opposite sign.
Generally speaking IMO entering at the end of a big price candle is very risky, better to stalk the trade and enter while it's forming (not that difficult if you check volume and levels).
  • #6,906
  • Feb 1, 2017 1:23pm Feb 1, 2017 1:23pm
Quoting the3mp
{quote} I was doing a similar mistake a lot of times. Be careful, the candle can get colored because of the size and not because of the volume. This is very important cause a big price candle with low volume has usually a pretty good chance to bounce back with a similar candle of opposite sign. Generally speaking IMO entering at the end of a big price candle is very risky, better to stalk the trade and enter while it's forming (not that difficult if you check volume and levels).
Hey man, could you show your thoughts in a chart? I don't know if I visualized correctly!

Because I didn't see what you mean there, I want to add to this discussion the following just to give you an opposite point of view. This comes from TAH's PDF by the way.

1. "We can never know for sure how the MMs will move price next."

Based on this, I do agree there seems to be a "pattern" or usual tactics they use and by studying the past collective trades in this thread that follow PVSRA you may start to notice too and sometimes anticipate things.

Also, almost all of these trades that i see here use momentum as it is the only thing in favor of us retails (got this concept from the PVSRA original post from TAH's too).

While I'm sharing this I'm really quite new to PVSRA! So please take this as a learning discussion for us
  • #6,907
  • Feb 1, 2017 8:40pm Feb 1, 2017 8:40pm
USDJPY M1 +6PIPS SHORT

Reasons for entering
- A series of colored candles (pink, red, blue) had notable volume on top, but PA didn't follow up. This was for me a strong indication that eventually bears will push PA down
- Entered when Dragon was broken by PA and exited just before the 113.000 key level as I wanted to play safe

Not my favorite style of seeing PVSRA but it works during Asian sessions.
Attached Image (click to enlarge)
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  • #6,908
  • Feb 1, 2017 9:45pm Feb 1, 2017 9:45pm
EURJPY M1 +5PIPS SHORT

Reasons for entering
- Break of the whole structure (look left) also breaking the 121.750 key level
Got my profit and exited
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  • #6,909
  • Feb 1, 2017 10:27pm Feb 1, 2017 10:27pm
EJ 6 short orders
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Be a spectator, not a player
  • #6,910
  • Feb 1, 2017 11:51pm Feb 1, 2017 11:51pm
EURJPY M1 +5.1PIPS SHORT

Reasons for entering
- Break of 121.500 support key level with a red candle and very notable volume
- At that time I saw that the distance between PA and Dragon was not very far which is ideal in this case, as I wanna prevent any bounce back to Dragon from triggering my SL.
Got my target and exited!
Attached Image (click to enlarge)
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  • #6,911
  • Edited 3:55am Feb 2, 2017 2:35am | Edited 3:55am
UJ sell on top of the stop hunt
Too bad the last three trades
Attached Image (click to enlarge)
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Be a spectator, not a player
  • #6,912
  • Feb 2, 2017 2:40am Feb 2, 2017 2:40am
Dear Cigarguy , I want to thank you for sharing with us this effective system.I try many manyy others , but your style of scalping give me confidence. Thank you one more time.

EurAud M5 Price make nice angle from dragon.Volume signal sell.
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  • #6,913
  • Feb 2, 2017 3:54am Feb 2, 2017 3:54am
Quoting wiserltz
UJ sell on top of the stop hunt {image}
Wiser, this is a knowledge seeking question.

Why do you call this move a stop hunt? what would be a normal movement then?

thank you for sharing it

All the best
  • #6,914
  • Feb 2, 2017 4:06am Feb 2, 2017 4:06am
Quoting Rmieck
{quote} Wiser, this is a knowledge seeking question. Why do you call this move a stop hunt? what would be a normal movement then? thank you for sharing it All the best
Just my view
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Be a spectator, not a player
  • #6,915
  • Feb 2, 2017 4:12am Feb 2, 2017 4:12am
Quoting Rmieck
{quote} Hey man, could you show your thoughts in a chart? I don't know if I visualized correctly! Because I didn't see what you mean there, I want to add to this discussion the following just to give you an opposite point of view. This comes from TAH's PDF by the way. 1. "We can never know for sure how the MMs will move price next." Based on this, I do agree there seems to be a "pattern" or usual tactics they use and by studying the past collective trades in this thread that follow PVSRA you may start to notice too and sometimes anticipate things....
Hey Guys,

Don't over think our PVSRA scalping system. I took the original
system which was primarily designed by TAH to be a position trading system from the M15 chart and made some PVSRA entry condition changes traded from the M1 chart. I morphed the original system into our current style because it works much better for quick FIFO scalps.

Even the original PVSRA system was changed from the old Sonic R system. There has been many changes through the years even up to the currently traded position system at another forum..

So let's not get side tracked and bring in confusion by referring back to the old system for PVSRA entry conditions. Our current system works so let us focus on the multitudes of posted trades in this thread for our learning experiences not the old.

The old PVSRA PDF'S are only to serve and give a basic understanding of our quest to understand how the market works so we can trade the Market Makers momentum by gleaming insight as to their intentions. NOT FOR FIFO HIGH MOMENTUM ENTRIES.

So let's stay focused and not discuss and confuse with discussion about the old which does not apply.

So bottom line PLEASE NO MORE DISCUSSION ABOUT A OLD SYSTEM AND FOCUS ON OUR SUCCESSFUL PVSRA SCALPING ONLY.

Regards,
Cigarguy
Keep It Simple
  • #6,916
  • Feb 2, 2017 4:21am Feb 2, 2017 4:21am
EURJPY M1 +4PIPS

Break of the key level 121.500 with a big red candle notable volume. The volume was not a big as the previous notable one, so I closed it early.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-m1-ftt-sweden-ab.png Size: 84 KB
  • #6,917
  • Feb 2, 2017 4:22am Feb 2, 2017 4:22am
UJ shorts on their way to target area
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1.png Size: 43 KB
Be a spectator, not a player
  • #6,918
  • Feb 2, 2017 4:33am Feb 2, 2017 4:33am
Quoting cigarguy
{quote} Hey Guys, Don't over think our PVSRA scalping system. I took the original system which was primarily designed by TAH to be a position trading system from the M15 chart and made some PVSRA entry condition changes traded from the M1 chart. I morphed the original system into our current style because it works much better for quick FIFO scalps. Even the original PVSRA system was changed from the old Sonic R system. There has been many changes through the years even up to the currently traded position system at another forum.. So let's not get...
I am still busy with other business commitments and would appreciate if Rob and the many other core Scalpers would continue to help by stopping any further confusing discussions not relative and helpful to our thread.

Thanks,
Cigarguy
Keep It Simple
  • #6,919
  • Feb 2, 2017 5:03am Feb 2, 2017 5:03am
Quoting cigarguy
{quote} Hey Guys, Don't over think our PVSRA scalping system. I took the original system which was primarily designed by TAH to be a position trading system from the M15 chart and made some PVSRA entry condition changes traded from the M1 chart. I morphed the original system into our current style because it works much better for quick FIFO scalps. Even the original PVSRA system was changed from the old Sonic R system. There has been many changes through the years even up to the currently traded position system at another forum.. So let's not get...
Thank you for helping me getting focused again!

All the best
  • #6,920
  • Feb 2, 2017 5:12am Feb 2, 2017 5:12am
Quoting cigarguy
{quote} I am still busy with other business commitments and would appreciate if Rob and the many other core Scalpers would continue to help by stopping any further confusing discussions not relative and helpful to our thread. Thanks, Cigarguy
Ok Cigarguy, I will try my best to keep other traders focused on PVSRA scalping only.
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