UJ M1 FIFO Scalp +14 (avg. +7.1 @ 2 lots) See chart as bulls in command even at these high levels....
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PVSRA Scalping with Cigarguy
USD JPY
Did some more trades. A few of them I exited too quickily when I had 5 pip drawdown instead of exiting at S/R areas. As a result, missed out on the 5 pip runs.
1. Shorted when price touched dragon with high volume and after a doji candle. Exited too early at 5 pips (green candle) and missed out on the bearish run.
2. Went long after the green candle but I bough tit at the top. Dragon was flat and PA was ranging at this point. Was not a good trade and should of waited for a clearer signal. 5 pip SL.
3. Shorted after a red candle, TP at the RDH.
4. Went long but closed the trade for break even after it touched dragon. Could of waited for a confirmation to see if price would actually break the dragon or would it bounce off it. Missed out on 5 pips again.
5. Long after a pretty strong candle upwards on noticeable volume. A small draw down but price never broke dragon after the red candle and I stayed in for 6 pips. Exiting after the green candle and also when price was near a recent high.
-Gotta be a bit more patient, can't expect 5 pip movements from 2-4 candles T.T
Did some more trades. A few of them I exited too quickily when I had 5 pip drawdown instead of exiting at S/R areas. As a result, missed out on the 5 pip runs.
1. Shorted when price touched dragon with high volume and after a doji candle. Exited too early at 5 pips (green candle) and missed out on the bearish run.
2. Went long after the green candle but I bough tit at the top. Dragon was flat and PA was ranging at this point. Was not a good trade and should of waited for a clearer signal. 5 pip SL.
3. Shorted after a red candle, TP at the RDH.
4. Went long but closed the trade for break even after it touched dragon. Could of waited for a confirmation to see if price would actually break the dragon or would it bounce off it. Missed out on 5 pips again.
5. Long after a pretty strong candle upwards on noticeable volume. A small draw down but price never broke dragon after the red candle and I stayed in for 6 pips. Exiting after the green candle and also when price was near a recent high.
-Gotta be a bit more patient, can't expect 5 pip movements from 2-4 candles T.T
- #7,963
- Mar 8, 2017 9:43am Mar 8, 2017 9:43am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
USD JPY Did some more trades. A few of them I exited too quickily when I had 5 pip drawdown instead of exiting at S/R areas. As a result, missed out on the 5 pip runs. 1. Shorted when price touched dragon with high volume and after a doji candle. Exited too early at 5 pips (green candle) and missed out on the bearish run. 2. Went long after the green candle but I bough tit at the top. Dragon was flat and PA was ranging at this point. Was not a good trade and should of waited for a clearer signal. 5 pip SL. 3. Shorted after a red candle, TP at the...
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- #7,964
- Mar 8, 2017 9:58am Mar 8, 2017 9:58am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Just noticed....You Guys/Gals are all great contributors.....
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- #7,966
- Mar 8, 2017 10:01am Mar 8, 2017 10:01am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Started this week following this thread and today practicing on a demo. Noticed the pair was ranging, took 2 trades, both 5 pips. {image}
Welcome and good PVSRA start....
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- #7,967
- Mar 8, 2017 10:18am Mar 8, 2017 10:18am
{quote} Pipsifx, Welcome and good PVSRA start....
I live in the US also Cigarguy. I use and foreign broker with spreads closer to 2 pips. What broker would you recommend for them tight spreads that you all have? And also one that will exert US clients since most foreign brokers don't except US clients anymore.
- #7,968
- Mar 8, 2017 10:26am Mar 8, 2017 10:26am
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
- #7,969
- Mar 8, 2017 10:27am Mar 8, 2017 10:27am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
GBPUSD M1 +15PIPS SHORT 3 trades - First trade: break of Dragon - Second trade: break of key level (very bad entry as it was already too low and too close of a key level) - Third trade: Just waited for a bounce back and entered {image}
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- #7,970
- Mar 8, 2017 10:35am Mar 8, 2017 10:35am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EU FIFO Scalp +22 (avg. +3.7 @ 6 lots) Got to give the sneaky 
MM's a nice little sting 
I think this chart is self explanatory as I added lots with bearish momentum 
on the way down.......
In hind sight left lots on the table but wanted to close this scalp prior to LC as could be fast profit taking retrace. Of course we cannot know but does happen often......
MM's a nice little sting I think this chart is self explanatory as I added lots with bearish momentum on the way down.......In hind sight left lots on the table but wanted to close this scalp prior to LC as could be fast profit taking retrace. Of course we cannot know but does happen often......
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- #7,971
- Mar 8, 2017 10:49am Mar 8, 2017 10:49am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EU FIFO Scalp +22 (avg. +3.7 @ 6 lots) Got to give the sneaky
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- #7,972
- Mar 8, 2017 10:51am Mar 8, 2017 10:51am
{quote} Hamburger, Looking at your chart I think you would have reached your target of 5pips if your spread weren't so big. Your spread is 2pips. That is way too much. Look for a broker that gives you around 0.5pips or less. Rob
Best regards
- #7,973
- Mar 8, 2017 11:15am Mar 8, 2017 11:15am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EU M1 FIFO Scalp +10 (avg. +4.9 @ 2 lots) See chart self explanatory....Gotta love this fast momentum for quick pips.....
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- #7,974
- Mar 8, 2017 11:22am Mar 8, 2017 11:22am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Yes, I realized that looking at your charts and your much lower spreads. Could you recommend a broker or at least a platform where I can compare the different ones? I do not want you to do any advertising, I just would like to know what else is out there.
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- #7,975
- Mar 8, 2017 11:25am Mar 8, 2017 11:25am
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
{quote} Yes, I realized that looking at your charts and your much lower spreads. Could you recommend a broker or at least a platform where I can compare the different ones? I do not want you to do any advertising, I just would like to know what else is out there.
- #7,976
- Mar 8, 2017 11:26am Mar 8, 2017 11:26am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Broker discussions are not allowed according to the rules of FF. Please PM Cigarguy instead. Thanks!
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- #7,977
- Mar 8, 2017 11:27am Mar 8, 2017 11:27am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Rob,
Off trading topic but I saw your Salsa videos.....very cool......
Off trading topic but I saw your Salsa videos.....very cool......
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- #7,979
- Mar 8, 2017 11:47am Mar 8, 2017 11:47am
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
Rob, Off trading topic but I saw your Salsa videos.....very cool......
We give the lady support so that she can do a turn and later we use her resistance so that the guy can turn around her.
Rob
- #7,980
- Mar 8, 2017 12:03pm Mar 8, 2017 12:03pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Thanks Cigarguy! In salsa we also use support and resistance by the way! We give the lady support so that she can do a turn and later we use her resistance so that the guy can turn around her. Rob
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