EU M1 +3. Explaination on chart.
PVSRA Scalping with Cigarguy
EURUSD M1 -7PIPS LONG Reasons for entering - PA made a new high which broke the whole structure on the left - I entered here because I thought PA would go up - PA went against me and hit my SLNow I have realized my mistake. It is because on M5 PA had failed to break the 200EMA, so it was normal that it bounced back all the way down. The bad thing is that I just realized it now
{image} {image}
Helpfull to all!
EURUSD M1 -7PIPS LONG Reasons for entering - PA made a new high which broke the whole structure on the left - I entered here because I thought PA would go up - PA went against me and hit my SL
Hi Rob. Maybe SL was too tight?
- #7,064
- Feb 7, 2017 11:22am Feb 7, 2017 11:22am
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
- #7,065
- Feb 7, 2017 11:24am Feb 7, 2017 11:24am
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
- #7,067
- Edited 12:31pm Feb 7, 2017 12:20pm | Edited 12:31pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M1 FIFO Scalp +33 (avg. +6.6 @ 5 lots) Have time this AM for one quick MM sting 
on break of 111.900 key level with target @ 111.800 key level area. Somewhat risky due to low momentum this time of day....
Miss scalping with you guys as all are doing great....
still busy with other business issues but attempting to find time to join the fun.....
on break of 111.900 key level with target @ 111.800 key level area. Somewhat risky due to low momentum this time of day....Miss scalping with you guys as all are doing great....
still busy with other business issues but attempting to find time to join the fun..... 
Keep It Simple
- #7,068
- Feb 7, 2017 12:39pm Feb 7, 2017 12:39pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
A quick reminder why we scalp FIFO observing the key levels like a hawk as t/p and possible retrace key level area. MM's use them and so shall we by grabbing their momentum for quick profits......Always keeping it simple and trading with the smart money.......
Keep It Simple
- #7,070
- Feb 7, 2017 1:43pm Feb 7, 2017 1:43pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Watching those 3 charts... 15M, 5M and 1M while using their respective EMAs as guidance is assisting me A LOT regarding confidence in a trade. Also it's quite easier to see a trade forming when the 3 charts align breaking their respective Support/Resistances. This is one of the 2 trades I took today, all explanations and ideas on charts. By the way CigarGuy, what you wrote earlier about MMs using key level is very easy to notice after you saw a lot of trades from the forum and started trading a demo account! {image} {image} {image}
Referencing your above M15 chart......this may help to identify with the sneaky MM's
are up to as they run PA through these phases. It is important to identify what phase price is in although at times difficult as MM's are master at disguising their intentions........ 
Keep It Simple
My other trade of the day with explanation on charts.
By the way, I'm using Heiken Ashi candles to trade, but the regular ones for the explanations as I'm experimenting the HA candles
There were A LOT of trades today between London Open and 2 hours after London Close today, but I only took trades when I was actually watching the charts like a hawk ò.ó
I believe my explanations are a little bit more complex than simply looking at the 1M chart while stalking high momentum moves, but I feel more confidence in this way for now
By the way, I'm using Heiken Ashi candles to trade, but the regular ones for the explanations as I'm experimenting the HA candles
There were A LOT of trades today between London Open and 2 hours after London Close today, but I only took trades when I was actually watching the charts like a hawk ò.ó
I believe my explanations are a little bit more complex than simply looking at the 1M chart while stalking high momentum moves, but I feel more confidence in this way for now
{quote} Not sure what you mean?......By the way CigarGuy, what you wrote earlier about MMs using key level is very easy to notice after you saw a lot of trades from the forum and started trading a demo account! Referencing your above M15 chart......this may help to identify with the sneaky MM's
What i meant is this: There are a lot of newcomers lately (including me
) and what I found to be most useful was to go over the thread looking at the pictures with their trades and explanations.... this alone clears a lot of doubts regarding the use of Key Support/Resistance Levels + the EMAs, while volume "telling" us what is going on when price gets near them.After getting saturated with the examples, then makes sense to go on a demo account in order to use them LIVE.
Can't forget the PDF's too, they sure detail this whole learning
- #7,074
- Feb 7, 2017 2:01pm Feb 7, 2017 2:01pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} I always remember this chart when I'm trading
OK got it.....And that is exactly the reason I advised each scalper from the beginning of this thread to explain their reasoning for entries and exits. It helps each trader think about the PVSRA confirmation for entries and exits and each decision rather right or wrong is much easier to see and identify as it is detailed in a posted explanation.
This not only helps each trader to understand their reasoning but requires reinforcement not only with a visual chart but by also typing their explanation.
Stay GREEN My Friends,
Cigarguy
Keep It Simple
- #7,075
- Edited 3:04pm Feb 7, 2017 2:08pm | Edited 3:04pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Hi guys ! I may have a sugestion, I have used the PVSRA tmp on a 5 pips Renko chart (you can go for 3 pips if you like, or any other size)! Let me know what you think!
Keep It Simple
- #7,077
- Edited 7:29pm Feb 7, 2017 7:07pm | Edited 7:29pm
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
- #7,078
- Feb 7, 2017 7:27pm Feb 7, 2017 7:27pm
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
USDJPY M1 +5PIPS SHORT
Reasons for entering
- Following my post above, I noticed very strong S/R at 112.374.
- This time, PA broke that level again with a red candle and notable volume, which also broke the 200EMA. So I entered here and got my target really easily!
It took me 1 minute and 4 seconds to reach my target. A bit of a FIFO.
Reasons for entering
- Following my post above, I noticed very strong S/R at 112.374.
- This time, PA broke that level again with a red candle and notable volume, which also broke the 200EMA. So I entered here and got my target really easily!
It took me 1 minute and 4 seconds to reach my target. A bit of a FIFO.
- #7,079
- Feb 7, 2017 7:31pm Feb 7, 2017 7:31pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
USDJPY M1 +5PIPS SHORT Reasons for entering - Following my post above, I noticed very S/R at 112.374. - This time, PA broke that level again with a red candle and notable volume, which also broke the 200EMA. So I entered here and got my target really easily! It took me 1 minute and 4 seconds to reach my target. A bit of a FIFO.
Keep It Simple
- #7,080
- Feb 7, 2017 7:38pm Feb 7, 2017 7:38pm
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
UsdJpy M1 Dragon break 200 MA, price above dragon.Enter at blue volume candle confirmed by blue volume bar . {image}