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PVSRA Scalping with Cigarguy

  • #8,081
  • Mar 14, 2017 6:26am Mar 14, 2017 6:26am
gbpusd long
1. 1st entry bought a reverse head & shoulder pattern
2. 2nd entry bought above 50ema and target 200ema, could've closed it with +4pips serveral times and should have done so manually)
3. gbp being quite volatile n had a sl of 10 pips which both held
4. target of 5pip reached
5. 2nd closed manually on the pike for 12
Attached Image (click to enlarge)
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  • #8,082
  • Mar 14, 2017 6:33am Mar 14, 2017 6:33am
usdjpy short
1. price broke out of a trangle with volume
2. entry both below dragon, had a 2-3 pip gain, didn't take and price retraced back above dragon, testing my nerve....lol
3. had a stop of 10pip on 1st entry and 5pip on 2nd entry n both held
4. manually closed just above 115 RN
Attached Image (click to enlarge)
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  • #8,083
  • Mar 14, 2017 6:36am Mar 14, 2017 6:36am
after close price drop quicker, this trade could've entered after price broke 115 RN for an easier trade....patience is a virtue.....lol
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  • #8,084
  • Mar 14, 2017 6:45am Mar 14, 2017 6:45am
Quoting pipiphooray
after close price drop quicker, this trade could've entered after price broke 115 RN for an easier trade....patience is a virtue.....lol {image}
Very nice scalps with excellent explanations....
Keep It Simple
  • #8,085
  • Mar 14, 2017 7:22am Mar 14, 2017 7:22am
EURJPY M1 +5PIPS SHORT

Reasons
- Double shoulders with high volume indicated MMs would push PA down
- PA broke the previous low with a red candle and notable volume
- I waited for some retrace and entered
Got my target in just a bit more than 1 minute! FIFO!
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-m1-ftt-sweden-ab.png Size: 89 KB
  • #8,086
  • Mar 14, 2017 7:26am Mar 14, 2017 7:26am
Quoting robmagario
EURJPY M1 +5PIPS SHORT Reasons - Double shoulders with high volume indicated MMs would push PA down - PA broke the previous low with a red candle and notable volume - I waited for some retrace and entered Got my target in just a bit more than 1 minute! FIFO! {image}
Nice scalp Rob...
Keep It Simple
  • #8,087
  • Mar 14, 2017 8:13am Mar 14, 2017 8:13am
Did everyone's chart update in line with daylight savings? I'm looking in the pdf for the indicators but can't find anything about it.
  • #8,088
  • Mar 14, 2017 8:15am Mar 14, 2017 8:15am
Quoting Roose
Did everyone's chart update in line with daylight savings? I'm looking in the pdf for the indicators but can't find anything about it.
Mine kinda effed up, moved oNY opening by 2 hours instead of one (I guess it moved both the line and my local time, which didn't change being in Europe). Not that it's changing anything these days, it looks like in the US don't want to trade anything till tomorrow
  • #8,089
  • Mar 14, 2017 9:03am Mar 14, 2017 9:03am
EURJPY M1 +5PIPS SHORT

A red candle broke Dragon with notable volume.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-m1-ftt-sweden-ab.png Size: 60 KB
  • #8,090
  • Mar 14, 2017 9:06am Mar 14, 2017 9:06am
Quoting iscalp
Peterrs AS requested Play around with the time frames {file} {file}
Can anyone enplane to me what the M-candle indicator does I see a lot of you are using it. It shades in green a red areas on your charts. Are them shaded areas spouse to areas of support resistance? How do you all use them to improve your trading? Do the red areas mean selling and green mean buying areas?

Thanks
  • #8,091
  • Mar 14, 2017 9:10am Mar 14, 2017 9:10am
EURJPY M1 +4.5PIPS SHORT

After break of key level with red candles and notable volume, waited for a retrace and entered.
Got my target and exited.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-m1-ftt-sweden-ab-2.png Size: 59 KB
  • #8,092
  • Mar 14, 2017 9:13am Mar 14, 2017 9:13am
USD/JPY -3.4
GBP/JPY -7.2
USD/JPY +1.6
Explanations on chart. Despite the first two being losses I actually stick with my exits unlike the last one.
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  • #8,093
  • Mar 14, 2017 9:21am Mar 14, 2017 9:21am
GBPUSD

I don't love this pair, but not much action on the others and noticed this nice set up. Price breaks big time a resistance, then retraces all the way down, and bounces back with great volume. Made me sweat at the beginning, but then got my profit when Weekly opening acted as resistance.

Attached Image (click to enlarge)
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  • #8,094
  • Mar 14, 2017 9:29am Mar 14, 2017 9:29am
UJ M1 FIFO Scalp +6 (avg. +5.6 @ 1 lot) busy with outside obligations so reduced lots but got a quick little late sting
Attached Image (click to enlarge)
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Keep It Simple
  • #8,095
  • Mar 14, 2017 9:30am Mar 14, 2017 9:30am
Quoting cady450
{quote} Can anyone enplane to me what the M-candle indicator does I see a lot of you are using it. It shades in green a red areas on your charts. Are them shaded areas spouse to areas of support resistance? How do you all use them to improve your trading? Do the red areas mean selling and green mean buying areas? Thanks
It's just the hour candle pictured on lower time frames (not necessarily the 1 hour actually, but that's how most use it). Not a direct buy/sell indicator, but it helps keeping things under control.
  • #8,096
  • Mar 14, 2017 9:31am Mar 14, 2017 9:31am
Quick Scalp before i go out.

8.8 pips

let the pips add up
Attached Image (click to enlarge)
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If there is no enemy within, the enemy outside can do us no harm...
  • #8,097
  • Mar 14, 2017 9:39am Mar 14, 2017 9:39am
Quoting iscalp
Quick Scalp before i go out. 8.8 pips let the pips add up {image}
Keep It Simple
  • #8,098
  • Mar 14, 2017 11:25am Mar 14, 2017 11:25am
GBPUSD

Price broke previous max i.e. 38.2 fibo with big green candle, waited for a retrace and entered. Volume dropped, so I closed, just in time apparently to bank a few pips.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m1-pepperstone-group-limited.png Size: 91 KB
  • #8,099
  • Mar 14, 2017 11:28am Mar 14, 2017 11:28am
Do you leave the m-candle settings at default or change them? Mine don't seem to highlight the same ares as your pictures?

http://prntscr.com/ejw4ei
  • #8,100
  • Mar 14, 2017 11:30am Mar 14, 2017 11:30am
Quoting cady450
Do you leave the m-candle settings at default or change them? Mine don't seem to highlight the same ares as your pictures? http://prntscr.com/ejw4ei
Set TF-bar to 60 to get one hour
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