UJ very busy buyingToo bad only touchpad
{image}
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PVSRA Scalping with Cigarguy
- #7,161
- Feb 9, 2017 7:29am Feb 9, 2017 7:29am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
- #7,162
- Feb 9, 2017 7:35am Feb 9, 2017 7:35am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Nice....
I would like to see a nice deep retrace to a key level as support and stalk for a PVSRA entry....Just my opinion.....
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- #7,164
- Feb 9, 2017 7:44am Feb 9, 2017 7:44am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Tricky range today .MM I guess.
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- #7,165
- Feb 9, 2017 7:44am Feb 9, 2017 7:44am
- Joined Jun 2016 | Status: Trader | 2,402 Posts
{quote} UJ, yes it is and can go much higher but care should be taken for longs at this level based on the daily range as it already surpassed the 10 day range and ADR......
Be a spectator, not a player
- #7,166
- Feb 9, 2017 7:46am Feb 9, 2017 7:46am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Yes, already stopped scalping
The enemy of most traders, not the market but THEMSELVES and I can speak from experience because I often fight this urge to be active.....
One of the issues that traders must learn to overcome is to NOT OVER TRADE. When we sit in front of our computers often for hours and because of the personality of most traders wanting too trade, we begin tosee trades that are not there.
Not alcohol or drugs but trading addiction.....I joke but it's real.....
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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 {image}
I looked it up because I got curious too and I noticed a clear resistance there which price ran off like a wild deer... dunno if you look it up on the m15/m5 for that matter.
In my humble opinion:
By looking at your chart, I believe the blue candle was the harbinger of this break of the whole level which makes me think the better entry was there, right at the break of it instead.
Also, it was frankfurt open and price was already running too high... just look at the following M15 chart and you'll see it too.
Please, bear in mind that I'm learning from this and I'd like your opinion over my analysis too, thank you!
All the best!
- #7,170
- Feb 9, 2017 8:46am Feb 9, 2017 8:46am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Many nice scalps this AM....congrats guys....
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- #7,176
- Feb 9, 2017 9:14am Feb 9, 2017 9:14am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Our local time is PM now
......Good to see so many scalpers who have become proficient at PVSRA scalping and posting great charts with nice detailed explanations helping all....... Keep It Simple
