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PVSRA Scalping with Cigarguy

  • #7,501
  • Feb 17, 2017 8:08am Feb 17, 2017 8:08am
This is the ugly, not even bad... but sharing is caring!

Yet again focus and patience are way more important than any knowledge by itself.

Explanations on the charts, I HOPE you all understand because it is a mess as I couldn't find good places to write all the stuff hehehehe.
If it is too bad I'd redesign them if you guys feel it's important

All the best!
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  • #7,502
  • Feb 17, 2017 8:10am Feb 17, 2017 8:10am
EURJPY

F me, been greedy. Waited for this the whole day, H1 candle finally closing below 120, price goes down very fast, comes back up very fast. Thought it could push down farther, I should know better one hour before LC on a Friday. It might go down now after the retrace to 120, but I'm probably done for the day.

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  • #7,503
  • Edited Feb 18, 2017 3:53am Feb 17, 2017 8:19am | Edited Feb 18, 2017 3:53am
Sorry!

I was reading the chart and saw Freeman's post.

We looked different picture! And saw the entry right after the red candle...

Comparing with Freeman's 's chart, the red candles/bars are missing, and green candles are different.

I have two accounts in two computers, and they are the same, PVSRA indicators are original without change and all the paramter are default, am I using some old version or my broker....

Need help


EDIT: Event some of the price and volume
EDIT: Compared with Ctrader from two broker at least price is the same as mine
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Be a spectator, not a player
  • #7,504
  • Edited 4:17pm Feb 17, 2017 8:28am | Edited 4:17pm
EU short after MM's bear movement.

AU first short SL by retrace, entered again.

Using trailing stop loss both, and stopped by MM surly

OK fine it is Friday anyway

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Busy last night didn't have time to upload HTF chart, difficult to see only on M1
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Be a spectator, not a player
  • #7,505
  • Feb 17, 2017 9:11am Feb 17, 2017 9:11am
Quoting cigarguy
{quote} Great detailed explanations adding helpful examples to our PVSRA text book thread...
Thank you very much!

It's my heartly desire to learn, apply and share as I'm finding that PVSRA is very, very... veeeery accurate.

All the best and have a great weekend
  • #7,506
  • Feb 17, 2017 9:22am Feb 17, 2017 9:22am
Quoting Rmieck
{quote} Did you notice that you also waited the break of the natural 120.400? A very high momentum trade indeed! All the best
Now that you told me I have noticed it.
  • #7,507
  • Feb 17, 2017 10:17am Feb 17, 2017 10:17am
Quoting Rmieck
This is the ugly, not even bad... but sharing is caring! Yet again focus and patience are way more important than any knowledge by itself. Explanations on the charts, I HOPE you all understand because it is a mess as I couldn't find good places to write all the stuff hehehehe. If it is too bad I'd redesign them if you guys feel it's important All the best! {image} {image}
WoW
Finding MM's footstep
Be a spectator, not a player
  • #7,508
  • Feb 18, 2017 4:13am Feb 18, 2017 4:13am
to who is having trouble with the entry this example for you
and please cigarguy and rob correct me if i'm wrong ..

if you get Signal near a Round Number, wait for the Price to cross that Round Number. After that only you enter that Trade.
If you get a Buy Signal at 1.3195, wait for the price to cross 1.3200 and enter at 1.3205. Because, 1.3200 may act as Resistance. Once it crosses that number, then it is good to enter into the market.
The same way, if you get a Sell Signal at 1.3205, wait for the price to cross 1.3200 and enter at 1.3195. Because, 1.3200 may act as Support here.
thanks
  • #7,509
  • Feb 18, 2017 8:48am Feb 18, 2017 8:48am
Quoting alawy103
to who is having trouble with the entry this example for you and please cigarguy and rob correct me if i'm wrong .. if you get Signal near a Round Number, wait for the Price to cross that Round Number. After that only you enter that Trade. If you get a Buy Signal at 1.3195, wait for the price to cross 1.3200 and enter at 1.3205. Because, 1.3200 may act as Resistance. Once it crosses that number, then it is good to enter into the market. The same way, if you get a Sell Signal at 1.3205, wait for the price to cross 1.3200 and enter at 1.3195. Because,...
If you please let me add 2 more important things to consider, which are:
- Dragon (50EMA) inclination as momentum indication on M1 chart and sometimes even M5 chart. If you don't know what a good inclination is then look at a pointer clock and compare the inclination for longs between 2 o'clock and 1 o'clock while for shorts between 4 o'clock and 5 o'clock;
- Does Price Action is trading ABOVE or BELOW the 200 EMA? as that may indicate a "fake out".

Besides that, I'm on with you regarding patience in order to enter a high probability trade WITH momentum while calculating your possible target, and by that I mean the next S&R, the next consolidation and/or Price Action starting to stall too much.

Yet again, I'm still an adept of PVSRA and this considerations are always emphasized in the PDFs and previously at this thread.

All the best!
  • #7,510
  • Feb 18, 2017 10:17am Feb 18, 2017 10:17am
Hello. I am a long time watching your stream and would like to join you .I really like your work.Help please I can't find the user manual of the configuration parameters . My settings at all on 15m. If you look on the M1 then I have it all wrong. Sorry for my English.
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  • #7,511
  • Feb 18, 2017 3:10pm Feb 18, 2017 3:10pm
Quoting Bobrik
Hello. I am a long time watching your stream and would like to join you .I really like your work.Help please I can't find the user manual of the configuration parameters . My settings at all on 15m. If you look on the M1 then I have it all wrong. Sorry for my English.{image}{image}
Welcome.....suggest for a start to gain a understanding of our PVSRA system that you read the two PDF'S in the above paper clip.

Upon completion of reading the many posted charts here will help re-enforce our PVSRA entries.

Looking forward to your contributons.

Cigarguy
Keep It Simple
  • #7,512
  • Feb 18, 2017 7:35pm Feb 18, 2017 7:35pm
Quoting Bobrik
Hello. I am a long time watching your stream and would like to join you .I really like your work.Help please I can't find the user manual of the configuration parameters . My settings at all on 15m. If you look on the M1 then I have it all wrong. Sorry for my English.{image}{image}
Hi and welcome.

First of all I noticed that the biggest problem is that your spread is too big for scalping. I'd say that the average spread here ranges from 0-0.6. Try choosing a different broker and download their version of MT4. When you're done apply the latest version of the PVSRA template, which you can get here http://www.forexfactory.com/showthre...92#post9552592. I'd be surprised if that doesn't work .

In case you do not want to choose a different broker, the only thing I can come up with is try resetting the indicators to their default value by simply pressing the reset button.

DeploX
  • #7,513
  • Feb 19, 2017 2:56am Feb 19, 2017 2:56am
Quoting DeploX
{quote} Hi and welcome. First of all I noticed that the biggest problem is that your spread is too big for scalping. I'd say that the average spread here ranges from 0-0.6. Try choosing a different broker and download their version of MT4. When you're done apply the latest version of the PVSRA template, which you can get here http://www.forexfactory.com/showthre...92#post9552592. I'd be surprised if that doesn't work . In case you do not want to choose a different broker, the only thing I can come up with is...
You are right! I'm on a fixed spread of 2, Commission 0. I will move to another account floating spread from 0. there Commission 10$ for 1 lot. I'm on the right track ?
  • #7,514
  • Feb 19, 2017 3:04am Feb 19, 2017 3:04am
Quoting cigarguy
{quote} Welcome.....suggest for a start to gain a understanding of our PVSRA system that you read the two PDF'S in the above paper clip. Upon completion of reading the many posted charts here will help re-enforce our PVSRA entries. Looking forward to your contributons. Cigarguy
Thank you very much for your attention and understanding! I will follow your recommendations...
  • #7,515
  • Feb 19, 2017 6:38am Feb 19, 2017 6:38am
Quoting Bobrik
{quote} You are right! I'm on a fixed spread of 2, Commission 0. I will move to another account floating spread from 0. there Commission 10$ for 1 lot. I'm on the right track ?
Yeah, that should be fine.
  • #7,516
  • Feb 19, 2017 6:10pm Feb 19, 2017 6:10pm
EURJPY M1 +5PIPS LONG

Reasons for entering
- Dragon was moving up, inclination was good, PA being traded above the 200EMA
- Break of 119.900 level which also seemed to be a strong resistance level (look left)
- Entered a bit late after a green big candle with notable volume.
Got my target and exited
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  • #7,517
  • Feb 19, 2017 6:18pm Feb 19, 2017 6:18pm
Slow Sunday evening PA--conservative Take Profit. 2 x 1.9 - 3.7

Went farther after break of DP, to trendline (from higher TF) and beyond, but I wasn't in. Am trying to overcome tendency toward extreme caution
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  • #7,518
  • Feb 19, 2017 7:54pm Feb 19, 2017 7:54pm
Hi. Can someone please tell me what the right settings for the M-Candles indicator needs to be if placed on the 1-minute chart?

Thanks!
  • #7,519
  • Feb 19, 2017 11:08pm Feb 19, 2017 11:08pm
Hello can't find the settings for the session . To do -1 hour.
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  • #7,520
  • Feb 19, 2017 11:15pm Feb 19, 2017 11:15pm
GbpUsd M1 Trend up, bullish volume bars and candles.5 pips FIFO scalp.
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