UsdJpy M1 Price rose above dragon, broke 200 MA and round nr. level.Bullish volume candle and bars.I took 2 trades , first closed fast, second after 4.5 pips. {image}
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PVSRA Scalping with Cigarguy
- #7,581
- Feb 22, 2017 7:00am Feb 22, 2017 7:00am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
- #7,582
- Feb 22, 2017 7:06am Feb 22, 2017 7:06am
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
- #7,583
- Feb 22, 2017 7:07am Feb 22, 2017 7:07am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EURJPY M1 +5PIPS LONG Reasons for entering - A red candle failed to break the 200EMA and after that we got an engulfing big green candle with notable volume - I entered there Got my target and exited {image}
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- #7,584
- Feb 22, 2017 7:35am Feb 22, 2017 7:35am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EU M1 FIFO Scalp +6 (avg. +5.6 @ 1 lot ) See chart...
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- #7,585
- Feb 22, 2017 7:36am Feb 22, 2017 7:36am
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
- #7,586
- Feb 22, 2017 7:37am Feb 22, 2017 7:37am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EURJPY M1 +5PIPS SHORT Reasons for entering - Break of what looked to me as a consolidation area (look left) at around 118.850 with a red candle and notable volume Got my target and exited. {image}
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- #7,588
- Feb 22, 2017 7:40am Feb 22, 2017 7:40am
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
{quote} No problem Rob.Do you like my new spreads?
- #7,589
- Feb 22, 2017 7:42am Feb 22, 2017 7:42am
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
EU M1 FIFO Scalp +6 (avg. +5.6 @ 1 lot ) See chart...
- #7,592
- Feb 22, 2017 8:06am Feb 22, 2017 8:06am
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
Anyone saw the sudden spike in us pairs just min ago? What just happened?
- #7,593
- Feb 22, 2017 8:07am Feb 22, 2017 8:07am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EU M1 FIFO Scalp +10 (avg. +9.9 @ 1 lot) Nothing fancy as always grabbing the sneaky MM shirt tails and going along for the momentum ride with nice Bullish volume after waiting for the retrace from that big PA bullish run......
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{quote} I think it was Existing homes sales news from USA. From forex calendar, 5 pm .
Just another excuse for the MM's to move price to where they want - from the round number to the half number in this case as seen in Cigarguys chart above.
EU M1 FIFO Scalp +10 (avg. +9.9 @ 1 lot) Nothing fancy as always grabbing the sneaky MM shirt tails and going along for the momentum ride with nice Bullish volume after waiting for the retrace from that big PA bullish run......
Very precise chosen moment .Pure lesson
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- #7,596
- Feb 22, 2017 8:14am Feb 22, 2017 8:14am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Not existing home sales data. Francois Bayrou put his support behind Macron in the upcoming French Election. Just another excuse for the MM's to move price to where they want - from the round number to the half number in this case as seen in Cigarguys chart above.
know where their going to run price and often use the news as their catalyst....hence the large PA spikes...
The reason as to why we don't attempt to anticipate moves but watch PA like a hawk relative to key levels as S & R and for possible demand/supply zones for breakouts and/or retraces with PVSRA confirmation.
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{quote} Not existing home sales data. Francois Bayrou put his support behind Macron in the upcoming French Election. Just another excuse for the MM's to move price to where they want - from the round number to the half number in this case as seen in Cigarguys chart above.
Home sales has a very small fluctuation, indeed. From where you know about Francois Bayrou ?Thank you , Vape.
- #7,598
- Feb 22, 2017 8:24am Feb 22, 2017 8:24am
{quote} Not existing home sales data. Francois Bayrou put his support behind Macron in the upcoming French Election. Just another excuse for the MM's to move price to where they want - from the round number to the half number in this case as seen in Cigarguys chart above.
- #7,599
- Feb 22, 2017 8:33am Feb 22, 2017 8:33am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} hope that no one was in any trade at that point of time. spikes like this is what kills IMHO
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- #7,600
- Feb 22, 2017 9:01am Feb 22, 2017 9:01am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EU M1 Scalp +10 (avg. +5.1 @ 2 lots) See chart as this one got messy and soon became high risk.....
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