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PVSRA Scalping with Cigarguy

  • #7,981
  • Mar 8, 2017 12:16pm Mar 8, 2017 12:16pm
GBPUSD M1 +2.5PIPS

Entered when PA broke the 200ema with a green candle and notable volume
I exited early as PA was touching the Dragon on M15.
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  • #7,982
  • Mar 8, 2017 12:46pm Mar 8, 2017 12:46pm
Finally with internet again, ISP problems from friday till tuesday :/

Looked over past posts and gotta say that all charts are becoming too similar to overlook it! Green after green pips, a lot of newcomers (including me) seems to be on track... even on ranging days like monday and tuesday.

Nice accumulation phase on USD/JPY during Mon. and Tue., so today was the mark up phase.... a.k.a. grabbing MM's coat tails as they make loads of profits

Two trades after Ny session as I got here late, but got some nice trades

All the best!
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  • #7,983
  • Mar 8, 2017 12:58pm Mar 8, 2017 12:58pm
I had made good return today ...

Thanks Cigarguy
  • #7,984
  • Mar 8, 2017 1:05pm Mar 8, 2017 1:05pm
Quoting alawy103
I had made good return today ... Thanks Cigarguy
Keep It Simple
  • #7,985
  • Mar 8, 2017 1:06pm Mar 8, 2017 1:06pm
Quoting Rmieck
Finally with internet again, ISP problems from friday till tuesday :/ Looked over past posts and gotta say that all charts are becoming too similar to overlook it! Green after green pips, a lot of newcomers (including me) seems to be on track... even on ranging days like monday and tuesday. Nice accumulation phase on USD/JPY during Mon. and Tue., so today was the mark up phase.... a.k.a. grabbing MM's coat tails as they make loads of profits Two trades after Ny session as I got here late, but got some nice trades ...
Welcome back....
Keep It Simple
  • #7,986
  • Mar 8, 2017 1:11pm Mar 8, 2017 1:11pm
Quoting cigarguy
{quote} We do not discuss Broker info here and your PM's are restricted or I could provide you with some information as a IB.
Sorry for that, I didn't know. I could not find a PM button either so I guess I have to collect some post before I am allowed to PM.

I have one more question regarding SLs/TPs. Do you set a static SL/TP when you open the trade? Or do you adapt it while the trade is open? I have seen that you have several trades closed at 5 pips profits, others with "random" profits. In case you adapt your TP/SL, what criteria are you using to do so?
  • #7,987
  • Mar 8, 2017 1:23pm Mar 8, 2017 1:23pm
GbpJpy M1 Price trending down, broke 139.200 level with notable volume.6 pips short trade.
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  • #7,988
  • Edited 5:44pm Mar 8, 2017 2:39pm | Edited 5:44pm
Hello all,

I have a lot of interest in you all's trading style and have been studding your charts to help me learn your trading style. I have been trading for 3 or so years using Elliot wave patterns and Fibonacci levels. I wanted to know if you use them at all since I think that Elliot wave patterns combined with your method would make a very good trading system. Even on the small TF like 1min and 5min TF there are a lot of patterns and the market respects Fibonacci levels.

Like on the EU there was a clear 5 wave pattern up followed by what may be and ABC correction. And also the market turned right a 50% of the last trend and continued the trend. What do you think?

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  • #7,989
  • Mar 8, 2017 6:32pm Mar 8, 2017 6:32pm
Cady450,

Please post ONLY OUR PVSRA CHARTS. We need to stay consistent with our system allowing all to learn our threads PVSRA charts.

Thank You,
Cigarguy
Keep It Simple
  • #7,990
  • Mar 8, 2017 7:00pm Mar 8, 2017 7:00pm
Okay cigarguy I apologize. I have a question about your chart setup in the upper right hand corner of your chart you have and indicator that tells you what candles on other TF are doing. I don't have that on my PVSRA templet? What is the name of that indicator?

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  • #7,991
  • Mar 8, 2017 7:06pm Mar 8, 2017 7:06pm
Quoting cady450
Okay cigarguy I apologize. I have a question about your chart setup in the upper right hand corner of your chart you have and indicator that tells you what candles on other TF are doing. I don't have that on my PVSRA templet? What is the name of that indicator? {image}
You can find it on the Files tab on page 7.
It's called TRO_Multi_Meter_CandleColor.ex4

or you can download it from the post below:
https://www.forexfactory.com/showthr...74#post8710974

Hope that helps!
  • #7,992
  • Mar 8, 2017 9:22pm Mar 8, 2017 9:22pm
GBPUSD M1 -6PIPS SHORT

My first loss after so many days of being green.
I entered too low on a pink candle expecting PA would go even lower.
I decided to close it when PA broke the 200EMA with a green candle and notable volume.
Time to go to work.
See you guys later at London and New York sessions!
Rob
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  • #7,993
  • Mar 8, 2017 9:57pm Mar 8, 2017 9:57pm
Quoting cady450
Hello all, I have a lot of interest in you all's trading style and have been studding your charts to help me learn your trading style. I have been trading for 3 or so years using Elliot wave patterns and Fibonacci levels. I wanted to know if you use them at all since I think that Elliot wave patterns combined with your method would make a very good trading system. Even on the small TF like 1min and 5min TF there are a lot of patterns and the market respects Fibonacci levels. Like on the EU there was a clear 5 wave pattern up followed by what may...
Cady450,

I used to do Elliot Waves before I started learning PVSRA with Cigarguy. I think the chart you posted looks ideal, but my question is how many more of these ideal charts can occur?

And one more thing I noticed about Elliot Waves is that after the chart already happened it is so easy to identify the waves, but how about before they happen?
You said that PVSRA combined with Elliot Waves could produce better confirmation for entries. I am not really sure about it.
In the example you posted, it looks great though.

In the beginning, I tried to always think in an "Elliot Wave" kinda manner before I entered PVSRA and I didn't get good results.

I started to get better results when I decided to completely ignore Elliot Waves and just focus on PVSRA. But I am talking about scalping only. For larger time frames like H1, H4 or D, maybe it could work.

My personal opinion is that Elliot Waves work better on larger time frames rather than on M1.

Rob
  • #7,994
  • Mar 8, 2017 11:38pm Mar 8, 2017 11:38pm
Quoting robmagario
{quote} Cady450, I used to do Elliot Waves before I started learning PVSRA with Cigarguy. I think the chart you posted looks ideal, but my question is how many more of these ideal charts can occur? And one more thing I noticed about Elliot Waves is that after the chart already happened it is so easy to identify the waves, but how about before they happen? You said that PVSRA combined with Elliot Waves could produce better confirmation for entries. I am not really sure about it. In the example you posted, it looks great though. In the beginning,...
I totally agree with your statements Elliot wave pattern are clear after the fact when it's to late. And I also agree that it would work on the 4H or daily charts best not scalping. I have been drawn to this group because scalping has alway been very appealing to me but have never been successful with it. When I trade on the longer time frames I need a much larger SL so can only trade small lots to keep my risk low and also it can take days just to know if what I think is going to happen is actually going to happen. I have been making my system work for me but it's a slow gain over time sometimes only entering 2 or 3 trades a week.

Using your PVSRA system how many trades do you take a day or trading session on average?
  • #7,995
  • Mar 9, 2017 1:20am Mar 9, 2017 1:20am
usdjpy short
1. under 200ema
2. under dragon with volume
3. entry under key level .50
4. target 200ema on 5M chart
5. pips banked
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  • #7,996
  • Edited 1:53am Mar 9, 2017 1:34am | Edited 1:53am
Dragon push the price too fast ...

got my target
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  • #7,997
  • Mar 9, 2017 1:55am Mar 9, 2017 1:55am
Quoting pipiphooray
usdjpy short 1. under 200ema 2. under dragon with volume 3. entry under key level .50 4. target 200ema on 5M chart 5. pips banked {image}
Nice trade. All things came together there on that one.
Know your edge and trade within it
  • #7,998
  • Mar 9, 2017 2:38am Mar 9, 2017 2:38am
Got my target +5 PIP
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  • #7,999
  • Mar 9, 2017 3:00am Mar 9, 2017 3:00am
Very cool EUR
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  • #8,000
  • Mar 9, 2017 3:03am Mar 9, 2017 3:03am
Quoting pipiphooray
usdjpy short 1. under 200ema 2. under dragon with volume 3. entry under key level .50 4. target 200ema on 5M chart 5. pips banked {image}
I like this one so is it time to turn now?
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