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PVSRA Scalping with Cigarguy

  • #7,121
  • Edited 10:36am Feb 8, 2017 10:23am | Edited 10:36am
Quoting Rmieck
{quote} This is a resume of what the CM fix does, isn't it? Also, does it require the CM indicator? All the best!
No other indicator needed and may be of no use just thought worth a test.
Keep It Simple
  • #7,122
  • Feb 8, 2017 10:25am Feb 8, 2017 10:25am
UJ M1 FIFO Scalp +26 (avg. +5.3 @ 5 lots) See chart for explanation....
Attached Image (click to enlarge)
Click to Enlarge Name: Larry's Snapshot2017-02-08_11-32-58_USDJPYi_M1_.png Size: 56 KB
Keep It Simple
  • #7,123
  • Edited 10:47am Feb 8, 2017 10:32am | Edited 10:47am
EURJPY M1 +5PIPS LONG

- Break of the previous high which also broke what looked to me like a consolidation area (look left)
- Of course, this break was with a green candle and notable volume so I entered here
Got my target and exited.

I would usually wait for a break of the whole structure, but when I looked at M5 I had already got a confirmation for a PVSRA entry there, so that is why I entered on M1 after confirming the same direction there.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-m1-ftt-sweden-ab-2.png Size: 82 KB
  • #7,124
  • Feb 8, 2017 10:40am Feb 8, 2017 10:40am
Quoting robmagario
EURJPY M1 +5PIPS LONG - Break of the previous high which also break what looked to me like a consolidation area (look left) - Of course, this break was with a green candle and notable volume so I entered here Got my target and exited. I would usually wait for a break of the whole structure, but when I looked at M5 I had already got a confirmation for a PVSRA entry there, so that is why I entered on M1 after confirming the same direction there. {image}
Keep It Simple
  • #7,125
  • Feb 8, 2017 10:40am Feb 8, 2017 10:40am
Quoting cigarguy
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....
Thanks Cigarguy,
I will take a look tomorrow morning (HK time) and see how it goes.
It is already late now so I am gonna sleep soon...
  • #7,126
  • Edited 12:21pm Feb 8, 2017 10:42am | Edited 12:21pm
Quoting robmagario
{quote} Thanks Cigarguy, I will take a look tomorrow morning (HK time) and see how it goes. It is already late now so I am gonna sleep soon...
OK thanks.......Don't want to clutter but if value ok if not bye bye indicator.....

Update......I removed this indie found it to be of no value and indicating contrary to our CSM......
Keep It Simple
  • #7,127
  • Feb 8, 2017 5:48pm Feb 8, 2017 5:48pm
EURJPY M1 +5.9PIPS LONG

Reasons for entering

- PA tried to break the 200EMA downwards but failed
- PA bounced back from the 200EMA and broke Dragon with a green 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: 76 KB
  • #7,128
  • Feb 8, 2017 6:44pm Feb 8, 2017 6:44pm
Quoting robmagario
EURJPY M1 +5.9PIPS LONG Reasons for entering - PA tried to break the 200EMA downwards but failed - PA bounced back from the 200EMA and broke Dragon with a green candle and notable volume - That is where I entered Got my target and exited {image}
Nice momentum catch..
Keep It Simple
  • #7,129
  • Feb 8, 2017 7:16pm Feb 8, 2017 7:16pm
Quoting robmagario
EURJPY M1 +5PIPS LONG - Break of the previous high which also broke what looked to me like a consolidation area (look left) - Of course, this break was with a green candle and notable volume so I entered here Got my target and exited. I would usually wait for a break of the whole structure, but when I looked at M5 I had already got a confirmation for a PVSRA entry there, so that is why I entered on M1 after confirming the same direction there. {image}
Rob could you show a screenshot of the confirmed Pvrsa entry on the 5 min?

Thanks!
  • #7,130
  • Feb 8, 2017 8:24pm Feb 8, 2017 8:24pm
Quoting pvrsazyt
{quote} Rob could you show a screenshot of the confirmed Pvrsa entry on the 5 min? Thanks!
Pvrsazyt,
You can see (look left) that there was both support and resistance at level 119.468.
That S/R was broken with a green candle and notable volume on M5.
Regards,
Rob
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-m5-ftt-sweden-ab.png Size: 89 KB
  • #7,131
  • Feb 8, 2017 8:37pm Feb 8, 2017 8:37pm
EURUSD M1 +1PIP LONG

Got into this trade when a green candle with notable volume broke a very strong resistance level (look left).
I got impatient because it was taking too long, so I closed it.
But look at what happened after I closed it.
I should have stayed longer!
Rob
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m1-ftt-sweden-ab.png Size: 77 KB
  • #7,132
  • Feb 8, 2017 9:13pm Feb 8, 2017 9:13pm
Quoting robmagario
EURUSD M1 +1PIP LONG Got into this trade when a green candle with notable volume broke a very strong resistance level (look left). I got impatient because it was taking too long, so I closed it. But look at what happened after I closed it. I should have stayed longer! Rob {image}
Actually you closed as PA stalled which I probably would have done as well....always easy to look back In hindsight and say IF ONLY..

You will never go broke with capital preservation...
Keep It Simple
  • #7,133
  • Feb 8, 2017 10:44pm Feb 8, 2017 10:44pm
UsdJpy M1 Dragon pullback from 200 MA , price above dragon, green volume candles and bars.Exit fast due to very slow price speed.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1za.png Size: 53 KB
  • #7,134
  • Feb 8, 2017 11:02pm Feb 8, 2017 11:02pm
Scalpint CJ, spread more than 0.9pip
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYM1.png Size: 61 KB
Be a spectator, not a player
  • #7,135
  • Feb 8, 2017 11:15pm Feb 8, 2017 11:15pm
GbpJpy M1 Price break dragon up, green volume candles and bars.8 pips long.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 53 KB
  • #7,136
  • Feb 8, 2017 11:40pm Feb 8, 2017 11:40pm
Quoting freeman777
GbpJpy M1 Price break dragon up, green volume candles and bars.8 pips long. {image}
Hi Freeman777,
I noticed that your spreads are too big.
For example, this one (GBPJPY) is 5.50.
I guess you are on a demo account now but you may want to get a smaller spread.
Most of us here use spreads at around 0.20 to 0.50, sometimes less, sometimes a bit more.
Regards,
Rob
  • #7,137
  • Feb 8, 2017 11:52pm Feb 8, 2017 11:52pm
Quoting robmagario
{quote} Hi Freeman777, I noticed that your spreads are too big. For example, this one (GBPJPY) is 5.50. I guess you are on a demo account now but you may want to get a smaller spread. Most of us here use spreads at around 0.20 to 0.50, sometimes less, sometimes a bit more. Regards, Rob
Hi Rob.You are right, is a demo.Huge spreads for scalping..I took this trade on GbpJpy because of CSM indi.In real situation I'll seek just low spread pairs.Thank you for observation and many pips.
  • #7,138
  • Feb 9, 2017 12:04am Feb 9, 2017 12:04am
CadJpy M5 Trend up, green volume candles and bars.5 pips long.
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYM5a.png Size: 51 KB
  • #7,139
  • Feb 9, 2017 12:09am Feb 9, 2017 12:09am
EJ big big candles.... should using trailing stop
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM1.png Size: 53 KB
Be a spectator, not a player
  • #7,140
  • Feb 9, 2017 1:08am Feb 9, 2017 1:08am
EURUSD M1 -7PIPS SHORT

Reasons for entering
- Huge green candle that formed above 1.07000 key level with notable volume
- I entered there
Got stopped by my SL.

Not sure why it went wrong, but my best guess is that the green candle didn't break anything.
It was formed after 1.07000 key level had already been broken by the previous candle.
Rob
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m1-ftt-sweden-ab.png Size: 69 KB
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