PVSRA Scalping with Cigarguy

"Caution: This reply has a somewhat pun intended"

--Sir oh sir, trading the break of RDL??? Are you nuts?! it might've retraced instantly!--

Now seriously, if not for PVSRA that wouldn't be a trade at all, great catch rob and thanks for sharing it

As always, learning from you guys

All the best!

Yes!
That's exactly why I like the FIFO scalp of 5pips by Cigarguy.
As a matter of fact, a break of RDL could eventually retrace, but since it was a PVSRA entry, there was enough space to target 5 pips before it eventually retraces (if it does).
Rob

I think Rob made a wise decision on this trade, before entry you can see strong bearish move and stoped on rdl, if there were retrance it should retrance intantly from that level i think, but maybe im wrong... still crazy move :-D

Hello

Took 3 trades and they'll be explained here, only visuals over the charts as I was getting ready to sleep

- M15 analysis:
I've opened up the platform, looked up the M15... draw some lines and saw and noticed a range between the dragon and the Whole Number 112.000 while having some heavy activity above quarter number 112.250.

- M5 analysis:
Then I looked it up on M5 for a better understanding of what was happening now and observed the trend inclination, the activity above quarter level again and a support zone below the whole number and a pink pinned candle which closed above it.

- M1 analysis:
1. trade: Draw those yellow support and resistances as guidances on the chart, price went above daily open (White line), but no momentum and instead with high momentum started going below Daily Open... that's where I've entered.... waited for 5 pips as I imagined it would break MS1 (Dragon is on top of the label to the left).

2. trade: Price continued with high momentum breaking previous support (yellow line)... entered right after the break and closed above whole number for 4 pips.

3. trade: Even though the whole number got broken followed by a red notable candle... it's volume was low considering it needed to break the previous low of last friday... so I didn't entered and waited to see what would the MM's do... not long it took me to see price action reversing and entered when I felt it was going towards the whole number again... Entered too soon though, but got some 3.5 pips.

Not bad to start monday with 3 trades on sunday night for me

All the best!

By the way... Going through this thread from Page 50 till 80, has helped me A LOT to see the basics in action!

Nice scalps and detailed explanations....

Took short on break of dragon after selling volume

usdjpy short +5
price break 50ema dragon with high volume
took some back n forth due to 5m and 15m above dragon, target DO line and 5pip banked.

UJ m1 +7.4

Explanation on chart

EU m1 +3 FIFO

Explanation on chart

EU M1 -3.7 Explaination on chart. Closed too early

2 usdjpy trades

1st. bought at 5m TL target to 200ema
2nd. bought above dragon n 200ema with bit of volume, trade taking too long, could've banked 4, but lost momo so exit BE. There is always another one around the corner.

EURJPY M1 +5PIPS LONG

Reasons for entering

- I targeted the rejection of the 118.750 key level with a big green candle and notable volume
Got my target and exited.

today's catch

EU M1 +4 Explaination on chart

Classy,

Nice pips.....It would be helpful for all if you would use our PVSRA Trade Level indicator so your entries and exits could be seen...

Posting charts with win/loss numbers is of no value without posted explanations so ALL can see and learn from example.

Up to you of course but would clarify your trades in detail.

Thanks,
Cigarguy

EurUsdM1 Trend goes up,volume increases.2FIFO scalps.

UsdJpy M1 Trend down, price broke 112.200 level with big volume candle.5 pips FIFO scalp.

EUR/USD +3

Explanation on Chart

EURUSD

Price coming out of .06 with a big green candle. Started going against me, but bounced off the previouw low/dragon with big volume and hit H1 resistance

GBP/USD +5
Explanation on chart