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PVSRA Scalping with Cigarguy

  • #6,921
  • Feb 2, 2017 3:24am Feb 2, 2017 3:24am
Quoting robmagario
{quote} Ok Cigarguy, I will try my best to keep other traders focused on PVSRA scalping only.
Thanks Rob and hopefully other core Scalpers will help to keep our thread focused as well.

There is much to learn and master with all that is presented here by keeping our PVSRA scalping system simple and profitable.

Regards,
Cigarguy
Keep It Simple
  • #6,922
  • Feb 2, 2017 4:04am Feb 2, 2017 4:04am
EU M1 +5.1 Explaination on chart.

Attached Image (click to enlarge)
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  • #6,923
  • Feb 2, 2017 4:04am Feb 2, 2017 4:04am
UJ M1 +6.3 Explaination on chart.

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  • #6,924
  • Feb 2, 2017 4:23am Feb 2, 2017 4:23am
Great trading today everyone!

A few trades for me today ending in 11 pips in the green! Thanks to everyone for the very educational posts!

Attached Image (click to enlarge)
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  • #6,925
  • Feb 2, 2017 5:51am Feb 2, 2017 5:51am
EurUsd M5 Price go away from dragon, big volume candle.
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  • #6,926
  • Feb 2, 2017 6:01am Feb 2, 2017 6:01am
USDJPY
Grabbed maybe the very end of that trend in the short period (112.1 is the minimum of the last two months), but the strong bounce back from dragon with the breakout of 112.2 was too good to miss a quick scalp.

Attached Image (click to enlarge)
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  • #6,927
  • Feb 2, 2017 6:13am Feb 2, 2017 6:13am
UJ forget to set TP, and got this,
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1.png Size: 67 KB
Be a spectator, not a player
  • #6,928
  • Feb 2, 2017 6:29am Feb 2, 2017 6:29am
Quoting wiserltz
UJ forget to set TP, and got this, {image}
Putting a scalp on auto pilot can be harmful to your pip health .without trader management..
Keep It Simple
  • #6,929
  • Feb 2, 2017 6:38am Feb 2, 2017 6:38am
USDJPY M1 +5PIPS SHORT

Reasons for entering
- I saw on M15 that there was a green candle that was huge but failed to break Dragon. After that PA started to go bearish again
- Based on that, I have then changed the time frame to M1. I saw a few red candles and I saw that a huge red candle had just broken Dragon with very notable volume so I entered there.
Got my target and exited
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: usdjpy-m15-ftt-sweden-ab.png Size: 76 KB
  • #6,930
  • Feb 2, 2017 6:41am Feb 2, 2017 6:41am
Quoting wiserltz
UJ forget to set TP, and got this, {image}
oh, I hope you don't forget next time. I am using the EA, so I have 5pips automatically set.
  • #6,931
  • Edited 7:45am Feb 2, 2017 6:47am | Edited 7:45am
Quoting wiserltz
UJ forget to set TP, and got this, {image}
Lucky I can get some pips back
One more
I want to stop trade today, but PA keeps screaming to sell.....Third
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1.png Size: 72 KB
Be a spectator, not a player
  • #6,932
  • Feb 2, 2017 6:47am Feb 2, 2017 6:47am
Quoting robmagario
USDJPY M1 +5PIPS SHORT Reasons for entering - I saw on M15 that there was a green candle that was huge but failed to break Dragon. After that PA started to go bearish again - Based on that, I have then changed the time frame to M1. I saw a few red candles and I saw that a huge red candle had just broken Dragon with very notable volume so I entered there. Got my target and exited {image} {image}
Nice time frame management... It is so easy to get caught in the moment on m1 and forget to look at m5 or m15....all have been there and done that...
Keep It Simple
  • #6,933
  • Feb 2, 2017 7:09am Feb 2, 2017 7:09am
Quoting robmagario
{quote} oh, I hope you don't forget next time. I am using the EA, so I have 5pips automatically set.
Does the EA the set TP? Or inteligiently closing trade around 5pips, I mean check tick ASK BID speed to automatically close trade?
Be a spectator, not a player
  • #6,934
  • Feb 2, 2017 7:20am Feb 2, 2017 7:20am
Quoting wiserltz
{quote} Does the EA the set TP? Or inteligiently closing trade around 5pips, I mean check tick ASK BID speed to automatically close trade?
I'd love something like that, so if the price is really exploding in your direction you don't get stopped at +5
  • #6,935
  • Feb 2, 2017 7:24am Feb 2, 2017 7:24am
Quoting wiserltz
{quote} Does the EA the set TP? Or inteligiently closing trade around 5pips, I mean check tick ASK BID speed to automatically close trade?
I am using the OrderOnChart_v2.5_OrderLimit.
You can set them on the EA, so that when you open an order, the EA will automatically set the TP and SL for you.
Alternatively, you can also set hidden TP and SL. In that case, the EA won't set them on Metatrader. Instead, the EA will set them programmatically, so that when those are hit the EA will send a close order to Metatrader.
  • #6,936
  • Feb 2, 2017 7:41am Feb 2, 2017 7:41am
Quoting robmagario
{quote} I am using the OrderOnChart_v2.5_OrderLimit. You can set them on the EA, so that when you open an order, the EA will automatically set the TP and SL for you. Alternatively, you can also set hidden TP and SL. In that case, the EA won't set them on Metatrader. Instead, the EA will set them programmatically, so that when those are hit the EA will send a close order to Metatrader.
As do I but still watch closely....if PA starts to make a high momentum big run , I may quickly let it run turning the EA off until it stalls or hits a key level possibly indicating a retrace.

This is a trader judgement call.
Keep It Simple
  • #6,937
  • Feb 2, 2017 7:42am Feb 2, 2017 7:42am
Quoting the3mp
{quote} I'd love something like that, so if the price is really exploding in your direction you don't get stopped at +5
That is the reason I asked Rob, I think there should be something like that, we need to find it
Be a spectator, not a player
  • #6,938
  • Feb 2, 2017 7:46am Feb 2, 2017 7:46am
Quoting wiserltz
{quote} That is the reason I asked Rob, I think there should be something like that, we need to find it
See my above post....each trader should manage their trade and not trust their hard earned money to any black box EA.

The most reliable trade management tools we have is our brains and eyes....their is no substitute for personal trader management.
Keep It Simple
  • #6,939
  • Feb 2, 2017 7:51am Feb 2, 2017 7:51am
Quoting cigarguy
{quote} See my above post....each trader should manage their trade and not trust their hard earned money to any black box EA.
Yes I have seen your post, and totally agree, what what I mean is after I clicked the button, want the EA help me get little bit more
Maybe a big loose
Be a spectator, not a player
  • #6,940
  • Feb 2, 2017 7:54am Feb 2, 2017 7:54am
Quoting wiserltz
{quote} Yes I have seen your post, and totally agree, what what I mean is after I clicked the button, want the EA help me get little bit more Maybe a big loose
Easy....refer back to my post #6936 and monitor your trade like a hawk and manage according to our PVSRA rules closely watching PA momentum.
Keep It Simple
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