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PVSRA Scalping with Cigarguy

  • #7,201
  • Edited 6:42am Feb 10, 2017 6:29am | Edited 6:42am
OK, Friday Quiz......Can anyone see any similarities to the phases on this EJ M15 chart????

The phases are a bit more accurate on a higher T/F ie., H1 but this does give a clue and keep in mind these phases happen over and over on every pair. Just something to be aware of adding another arrow/tool to your trading quiver as the MM's do their very best attempting to disguise their intentions from us retail traders......The more information we have and understand will help us gleam clues to their intentions and then grab their shirt tails and go along for the ride to some + pips......

For these reasons we must understand how the FX market really works and not blindly follow lagging indicators and black box signals as we trade with the smart money.....

Regards,
Cigarguy
Attached Image (click to enlarge)
Click to Enlarge Name: Larry's Snapshot2017-02-10_05-39-49_EURJPYi_M15_.png Size: 63 KB
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  • #7,202
  • Feb 10, 2017 6:47am Feb 10, 2017 6:47am
GbpUsd M1 5 pips long.

Price break dragon, hourly candle bullish, green volume candles and bars.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1w.png Size: 43 KB
  • #7,203
  • Feb 10, 2017 6:55am Feb 10, 2017 6:55am
For those watching the New Hour candle coming in a few minutes maybe some PVSRA high momentum scalping opportunities.....Time will tell as lots of position closing on Fridays prior to the week end anything can happen.....??
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  • #7,204
  • Feb 10, 2017 7:00am Feb 10, 2017 7:00am
GU short, closed before Ny
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 42 KB
Be a spectator, not a player
  • #7,205
  • Feb 10, 2017 7:37am Feb 10, 2017 7:37am
EU M1 Scalp +28 (avg. +5.7 @ 5 lots) See chart
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2017-02-10_06-47-35_EURUSDi_M1_.png Size: 56 KB
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  • #7,206
  • Feb 10, 2017 7:44am Feb 10, 2017 7:44am
Quoting cigarguy
EU M1 Scalp +28 (avg. +5.7 @ 5 lots) See chart {image}
Hi Cigarguy, please tell if you use SL or you keep it just mental?
  • #7,207
  • Feb 10, 2017 7:47am Feb 10, 2017 7:47am
Quoting freeman777
{quote} Hi Cigarguy, please tell if you use SL or you keep it just mental?
Mental Stop with a emergency set on my Order EA in case of a power failure or system issue......I'm not advising to scalp like this only my style.....
Keep It Simple
  • #7,208
  • Feb 10, 2017 8:08am Feb 10, 2017 8:08am
GbpAud M1 2 short trades, second at new hour candle start.Trend down, red volume candle and bar.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1a.png Size: 52 KB
  • #7,209
  • Feb 10, 2017 8:10am Feb 10, 2017 8:10am
Quoting cigarguy
OK, Friday Quiz......Can anyone see any similarities to the phases on this EJ M15 chart???? The phases are a bit more accurate on a higher T/F ie., H1 but this does give a clue and keep in mind these phases happen over and over on every pair. Just something to be aware of adding another arrow/tool to your trading quiver as the MM's do their very best attempting to disguise their intentions from us retail traders......The more information we have and understand will help us gleam clues to their intentions and then grab their shirt...
Saved the image on my DESKTOP
Be a spectator, not a player
  • #7,210
  • Feb 10, 2017 8:12am Feb 10, 2017 8:12am
Quoting wiserltz
{quote} Saved the image on my DESKTOP
Hope it helps....
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  • #7,211
  • Feb 10, 2017 8:31am Feb 10, 2017 8:31am
UJ M1 FIFO Scalp +76 (avg. +5.1 @ 15 lots add increments +5 with bounce from 50 ema area as short term support) See chart always nice to end the week with some pips banked especially on volatile Fridays..........today +104
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2017-02-10_07-37-33_USDJPYi_M1_.png Size: 71 KB
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  • #7,212
  • Feb 10, 2017 8:43am Feb 10, 2017 8:43am
WHY we scalp FIFO.....See how the sneaky MM's love to run stops after pump and dumps above key levels like here 113.700 attempting to catch wrong way traders.......This is why we must know and understand how the market works and trade WITH the MM's and smart money......

PS.......I came close to getting caught myself and was saved only by watching my scalp like a hawk once I saw what they were up too by checking higher T/F's and saw the MM's were building long orders to go short........
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2017-02-10_07-53-01_USDJPYi_M1_.png Size: 57 KB
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  • #7,213
  • Feb 10, 2017 9:14am Feb 10, 2017 9:14am
EurUsd M1 Price broke dragon and 200 MA on 5 pm news.New Hourly candle start.Green volume candle and bar. FIFO trade.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1t.png Size: 48 KB
  • #7,214
  • Feb 10, 2017 9:16am Feb 10, 2017 9:16am
EU closed longs, and waiting to enter again when retrace, if there is a retrace
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 54 KB
Be a spectator, not a player
  • #7,215
  • Feb 10, 2017 9:18am Feb 10, 2017 9:18am
GbpUsd M1 . FIFO trade , trend up, bullish volume candle and bar.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1y.png Size: 46 KB
  • #7,216
  • Feb 10, 2017 9:20am Feb 10, 2017 9:20am
Quoting wiserltz
EU closed longs, and waiting to enter again when retrace, if there will be a retrace {image}
Hi wiserltz.Please tell on what considerent you take the last buy trade?For me all these 3 trades was short ones, as I see on your chart.
Thank you and many green pips.
  • #7,217
  • Feb 10, 2017 9:27am Feb 10, 2017 9:27am
Quoting freeman777
{quote} Hi wiserltz.Please tell on what considerent you take the last buy trade?Thank you and many green pips.
I take today's bear as stop hunt for next bull.... maybe next week, today's liquidity is low......
Be a spectator, not a player
  • #7,218
  • Feb 10, 2017 9:42am Feb 10, 2017 9:42am
Quoting wiserltz
{quote} I take today's bear as stop hunt for next bull.... maybe next week, today's liquidity is low......

A bit risky, I think, price could be continue to go down , but you know better. Thank for explanation.
  • #7,219
  • Edited 10:38am Feb 10, 2017 9:47am | Edited 10:38am
Quoting freeman777
{quote} A bit risky, I think, price could be continue to go down , but you know better. Thank for explanation.
Yes, risky, liquidity was low, anything could happen...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1ppp.png Size: 57 KB
Be a spectator, not a player
  • #7,220
  • Feb 10, 2017 11:11am Feb 10, 2017 11:11am
Quoting freeman777
EurUsd M1 Price broke dragon and 200 MA on 5 pm news.New Hourly candle start.Green volume candle and bar. FIFO trade. {image}
Good to see you caught the hr candle momentum.......it often runs real fast and followed by a retrace/profit taking...
Keep It Simple
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