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PVSRA Scalping with Cigarguy

  • #7,101
  • Edited 5:33am Feb 8, 2017 5:20am | Edited 5:33am
Quoting AlienMan
But whyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy {image}
Dude, you are shortening when Dragon is still up, PA was still being traded above the Dragon...
Moreover the inclination of Dragon was not clear at all.
Dragon was almost taking a nap...

In addition, you can see that there were some candles that tried to break Dragon downwards but failed.
That means that Dragon was very strong at that time, so it was not the right decision to go short before PA breaks it.
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  • #7,102
  • Feb 8, 2017 5:25am Feb 8, 2017 5:25am
Quoting robmagario
{quote} Dude, you are shortening when Dragon is still up, PA was still being traded above the Dragon... Moreover the inclination of Dragon was not clear at all. Dragon was almost taking a nap...
Spot on...
Keep It Simple
  • #7,103
  • Feb 8, 2017 5:58am Feb 8, 2017 5:58am
USDJPY
This one was ugly:

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  • #7,104
  • Feb 8, 2017 6:07am Feb 8, 2017 6:07am
EU M1 +5.3 Explaination on chart.

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  • #7,105
  • Feb 8, 2017 6:09am Feb 8, 2017 6:09am
USDJPY M1 +5PIPS SHORT

Reasons for entering
- PA broke the 112.000 key level and the Dragon at the same time with a big red candle and notable volume
- I entered there
Got my target and exited.
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  • #7,106
  • Feb 8, 2017 6:11am Feb 8, 2017 6:11am
Quoting Vape
EU M1 +5.3 Explaination on chart. EU-M1-08-02-17.png;2178321 {image}
Very good one!
  • #7,107
  • Feb 8, 2017 6:14am Feb 8, 2017 6:14am
Quoting robmagario
{quote} Very good one!
Can I ask you why you didn't enter on the previous breakout? (where I entred my losing trade, basically, my previous post).
  • #7,108
  • Feb 8, 2017 6:35am Feb 8, 2017 6:35am
Quoting the3mp
{quote} Can I ask you why you didn't enter on the previous breakout? (where I entred my losing trade, basically, my previous post).
I almost did actually.
But usually what happened is that I noticed that we had a huge bearish move during the last 2+ hours on the hourly chart.
If you look at the red candles that made a bearish move, I drew A, B and C.
If you look at A, B and C, you can notice two things.

1) They are all very close to Dragon when they started. Look at the distance between each candle and Dragon.
2) They made enough bearish move of 5pips if you entered at the moment they closed. You can see with the lines I drew in yellow.

Now look at D.

1) D started already far from Dragon
2) D is not an impulse bearish move. It is actually the move to complete the 5pips profit of C.

So after D was completed, I waited to see how the next candle would start and it started going up, so at that moment I knew what D really was.
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  • #7,109
  • Feb 8, 2017 6:37am Feb 8, 2017 6:37am
Quoting robmagario
{quote} I almost did actually. But usually what happened is that I noticed that we had a huge bearish move during the last 2+ hours on the hourly chart. If you look at the red candles that made a bearish move, I drew A, B and C. If you look at A, B and C, you can notice two things. 1) They are all very close to Dragon when they started. Look at the distance between each candle and Dragon. 2) They made enough bearish move of 5pips if you entered at the moment they closed. You can see with the lines I drew in yellow. Now look at D. 1) D started already...
Cheers Rob.
That was really well explained and makes heaps of sense.
  • #7,110
  • Feb 8, 2017 6:41am Feb 8, 2017 6:41am
Quoting robmagario
{quote} I almost did actually. But usually what happened is that I noticed that we had a huge bearish move during the last 2+ hours on the hourly chart. If you look at the red candles that made a bearish move, I drew A, B and C. If you look at A, B and C, you can notice two things. 1) They are all very close to Dragon when they started. Look at the distance between each candle and Dragon. 2) They made enough bearish move of 5pips if you entered at the moment they closed. You can see with the lines I drew in yellow. Now look at D. 1) D started already...
Thanks, very good explanation.
  • #7,111
  • Feb 8, 2017 6:53am Feb 8, 2017 6:53am
UJ M1 FIFO Scalp +29 (avg. +5.9 @ 5 lots) Found time for a quick MM stingexplanation on chart....
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Keep It Simple
  • #7,112
  • Feb 8, 2017 8:11am Feb 8, 2017 8:11am
EU M1 FIFO Scalp +48 (avg. +9.5 @ 5 lots) Got one more small sting on the sneaky MMs as explanation on chart and used my white template just to mix things up a bit....Entered with OrderOnChart for fast entry but turned off as bullish momentum continued and let PA run didn't want to get locked in with a 5 pip t/p with this momentum......
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Keep It Simple
  • #7,113
  • Feb 8, 2017 8:15am Feb 8, 2017 8:15am
EurJpy M1 Dragon have a nice angle from 200 MA. Trend up, green volume bars.
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  • #7,114
  • Edited 8:33am Feb 8, 2017 8:21am | Edited 8:33am
IMO should use caution for EU longs with this bullish run could be ready for a nice deep retrace back to the 50/200 ema area which may be a good area for a nice long.......But we cannot know only time will tell as we watch our charts for confirmed PVSRA entries......
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Keep It Simple
  • #7,115
  • Feb 8, 2017 9:30am Feb 8, 2017 9:30am
EU M1 +19 (avg. +1.6 @ 12 lots) Oops! was on the phone not paying attention and didn't heed my own above posted advice after LC and made this terrible entry....only stayed with this mess do to EURO strength and some luck.....

What not to do....
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Keep It Simple
  • #7,116
  • Feb 8, 2017 9:42am Feb 8, 2017 9:42am
Found this little indicator on one of my charts not to obstructive on our clean PVSRA charts if some want to test to see if it adds any value to our scalping....
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 iPanel_Trend.ex4   55 KB | 734 downloads
Keep It Simple
  • #7,117
  • Feb 8, 2017 9:44am Feb 8, 2017 9:44am
EURJPY M1 +5PIPS SHORT

- I noticed that there was notable volume on tops just around the 119.750 key level
- Entered on a red candle with notable volume after PA broke what looked like a consolidation area
Got my target and exited
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  • #7,118
  • Feb 8, 2017 10:16am Feb 8, 2017 10:16am
Rob,

If you decide to test the above indicator please post your advice/results if it adds value or just clutter to our clean PVSRA charts....
Keep It Simple
  • #7,119
  • Feb 8, 2017 10:16am Feb 8, 2017 10:16am
Quoting cigarguy
Found this little indicator on one of my charts not to obstructive on our clean PVSRA charts if some want to test to see if it adds any value to our scalping.... {image} {file}
This is a resume of what the CM fix does, isn't it? Also, does it require the CM indicator?

All the best!
  • #7,120
  • Feb 8, 2017 10:20am Feb 8, 2017 10:20am
EurUsd M1 Price break previos resistance (pink horizontal line), break dragon and 200 MA.Red candles and volume bars. 2 litlle FIFO shorts.
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