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PVSRA Scalping with Cigarguy

  • #8,121
  • Mar 15, 2017 9:37am Mar 15, 2017 9:37am
EURUSD

Small lost on a bad entry. Tried entering after retrace, but I had underestimated that resistance level (red line) and momentum in these hours before big USD announcements just isn't there. Closed it quickly when it went against me, imagining it could go back at least till .062, with good chances of seeing what happened about half an hour later (just a fake break, with price going back to the previous level).

Attached Image (click to enlarge)
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  • #8,122
  • Mar 15, 2017 9:43am Mar 15, 2017 9:43am
Quoting Rmieck
{quote} Besides what Rob describer, I believe we gotta be careful as UJ and a lot of other pairs are having a low Average Daily Range. UJ i.e.: has 86 and today it only traded 32 so far. Take a look at some trades from monday and you'll get a glimpse of what behavior a PVSR analysis resulted in this sideways market and also how this thread's scalpers decided to trade! This is probably a bigger accumulation/distribution phase on HTFs so we need to be caution, also we have 1 more week before this whole daylight saving time sets to "normal" trading...
I believe the choppy market behavior is do to the news this after noon. US Federal Funds Rate is set to change and that should change the daily range with a breakout. The market always seems to be choppy at beginning of week when there is big news latter in the week.
  • #8,123
  • Mar 15, 2017 10:05am Mar 15, 2017 10:05am
EUR JPY +3 pips

Went long after it broke the reent swing high at 121.90.
There were a lot of activity at this level which suggested some shorting, but when PA reached the dragon, it rebounded dramatically each time and I went bias on bull.
Exited a bit early since it approached 112.00 whole number and the impending fed news. Didn't want to risk a retrace.

Attached Image (click to enlarge)
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  • #8,124
  • Mar 15, 2017 10:06am Mar 15, 2017 10:06am
USDCHF M5 +4.5PIPS SHORT

After PA broke both the 200EMA and Dragon with a red candle and notable volume, I waited for a retrace and entered.
Got my target and exited.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf-m5-ftt-sweden-ab.png Size: 71 KB
  • #8,125
  • Mar 15, 2017 10:09am Mar 15, 2017 10:09am
Quoting Rmieck
{quote} Besides what Rob describer, I believe we gotta be careful as UJ and a lot of other pairs are having a low Average Daily Range. UJ i.e.: has 86 and today it only traded 32 so far. Take a look at some trades from monday and you'll get a glimpse of what behavior a PVSR analysis resulted in this sideways market and also how this thread's scalpers decided to trade! This is probably a bigger accumulation/distribution phase on HTFs so we need to be caution, also we have 1 more week before this whole daylight saving time sets to "normal" trading...
I completely agree with you!
  • #8,126
  • Edited 11:14am Mar 15, 2017 10:16am | Edited 11:14am
PVSRA SCALPERS.....At the expense of sounding a bit corny, I must applaud our thread contributors for your ability and willingness to ALL work together and help each other.

I have been here at FF for a few years and traded on many threads and I must say I have never seen a group of traders so giving of their time to help one another and stay positive and focused on their thread content.

My hats off to ALL for your helpful posts and positive contributions....

Cigarguy
Keep It Simple
  • #8,127
  • Mar 15, 2017 11:05am Mar 15, 2017 11:05am
Reason for entering: in general positive trend, break of 1.2210 level, high volume.

closed below quarter level. +9pips
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  • #8,128
  • Mar 15, 2017 11:32am Mar 15, 2017 11:32am
Another day with UJ not offering much to me with its low ADR while GJ offering a little bit more with its somewhat regular ADR.
Also I played with some trendlines in case I wasn't seeing things properly and it helped sometimes, but not always!

After london close and stopping my trading session I noticed a more "cleanness" of EJ compared to other pairs, also GU showed a good alternative too... so could someone with more experience than me over these charts details a little bit more if that is regularly or just these last 3 days?

Well, the trades are shown below with their explanations around the charts near what they aim to explain.

All the best
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPJPY.M1.png Size: 92 KB
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  • #8,129
  • Mar 15, 2017 11:38am Mar 15, 2017 11:38am
USDJPY M1 +5PIPS SHORT

Two consecutive red candles that broke both 200EMA and Dragon downwards.
Notice that there was a retrace just before that so I didn't wait for another retrace. Instead, I just entered right away.
Got my target and exited!
Attached Image (click to enlarge)
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  • #8,130
  • Edited 11:57am Mar 15, 2017 11:44am | Edited 11:57am
Couple of quick FIFO scalps as rather slow momentum prior to news.......NP as still got a quick +8 sting with small lots
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Snapshot2017-03-15_09-53-33_USDJPYi_M1_.png Size: 50 KB
Keep It Simple
  • #8,131
  • Mar 15, 2017 11:47am Mar 15, 2017 11:47am
Quoting robmagario
USDJPY M1 +5PIPS SHORT Two consecutive red candles that broke both 200EMA and Dragon downwards. Notice that there was a retrace just before that so I didn't wait for another retrace. Instead, I just entered right away. Got my target and exited! {image}
Rob,

You grabbed a better UJ entry as I was scalping both EU and UJ at the same time attempting to stingboth....lol......Good Job
Keep It Simple
  • #8,132
  • Mar 15, 2017 12:00pm Mar 15, 2017 12:00pm
EURUSD M1 +4.5PIPS LONG

Reasons
- Break of previous high with green candle and notable volume
- Waited for a small retrace and entered
Got my target and exited
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m1-ftt-sweden-ab.png Size: 67 KB
  • #8,133
  • Mar 15, 2017 12:02pm Mar 15, 2017 12:02pm
Quoting robmagario
EURUSD M1 +4.5PIPS LONG Reasons - Break of previous high with green candle and notable volume - Waited for a small retrace and entered Got my target and exited {image}
Rob,

Nice catch...your on fire Brother.......
Keep It Simple
  • #8,134
  • Mar 15, 2017 12:03pm Mar 15, 2017 12:03pm
Quoting cigarguy
{quote} Rob, You grabbed a better UJ entry as I was scalping both EU and UJ at the same time attempting to stingboth....lol......Good Job
Thanks! When I closed my trade and saw what happened, I imagined that you were probably on the next trade,
and as a matter of fact, you were!
Nice trade of yours by the way!
  • #8,135
  • Mar 15, 2017 12:04pm Mar 15, 2017 12:04pm
Quoting robmagario
{quote} Thanks! When I closed my trade and saw what happened, I imagined that you were probably on the next trade, and as a matter of fact, you were!
Yep....It seems that we are always a few pips apart and these small pips do add up......lol...
Keep It Simple
  • #8,136
  • Mar 15, 2017 12:11pm Mar 15, 2017 12:11pm
Congrats PVSRA Scalpers as you are killing it again.....
Attached Image
Keep It Simple
  • #8,137
  • Mar 15, 2017 12:24pm Mar 15, 2017 12:24pm
I like sometime to sell from the higher level, i sell after green candle in 5M time frame and new 1 hour candle going down and EUR move notice going down , almost i hate the stop-loss because I got 0.5 PIP and then price gone to +10 PIP
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  • #8,138
  • Mar 15, 2017 12:26pm Mar 15, 2017 12:26pm
Quoting robmagario
EURUSD M1 +4.5PIPS LONG Reasons - Break of previous high with green candle and notable volume - Waited for a small retrace and entered Got my target and exited {image}

Rob,

Your making this look easy....lol......
Keep It Simple
  • #8,139
  • Mar 15, 2017 12:29pm Mar 15, 2017 12:29pm
Quoting alawy103
I like sometime to sell from the higher level, i sell after green candle in 5M time frame and new 1 hour candle going down and EUR move notice going down , almost i hate the stop-loss because I got 0.5 PIP and then price gone to +10 PIP {image}
alawy103,

Nice to see you catch the New Hour candle momentum that I have discussed so often.....
Keep It Simple
  • #8,140
  • Mar 15, 2017 12:36pm Mar 15, 2017 12:36pm
FYI be careful of the news as the sneaky MM's will at times run PA the opposite direction prior to the release to catch wrong way traders as their plan for their high momentum news trade....
Keep It Simple
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