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PVSRA Scalping with Cigarguy

  • #8,281
  • Mar 20, 2017 9:10am Mar 20, 2017 9:10am
Quoting the3mp
{quote} I usually leave a couple of pips around "round" level (I would have probably put something like 112.58 in your case).
Thanks for the feedback, the ATR actually said 7, if given a bit more breathing room, the trade would be ok, keep learning.....
  • #8,282
  • Mar 20, 2017 9:12am Mar 20, 2017 9:12am
Quoting Msmaximus
{quote} Its because of my ea that does a big black dot in the tp. i have set it for 7 pips but i have the same felling has you but numbers dont lie
You can use our Trade Level indicator with the tag displaying your lots & pips for a clear view and understanding if you want with no money shown as in my charts..
Keep It Simple
  • #8,283
  • Mar 20, 2017 9:24am Mar 20, 2017 9:24am
usdjpy long

now this time is better, PA out of down TL with a sl of 10 and target 750 key level for a gain of 6pips, EP needs improvement, patience patience...let the MM show their hands....Early birds don't necessarily get the worm in trading....lol
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  • #8,284
  • Mar 20, 2017 9:29am Mar 20, 2017 9:29am
Quoting pipiphooray
usdjpy long now this time is better, PA out of down TL with a sl of 10 and target 750 key level for a gain of 6pips, EP needs improvement, patience patience...let the MM show their hands....Early birds don't necessarily get the worm in trading....lol {image}
Yes indeed and nice clean chart easy to read..

Your welcomed to post your template if you wish...up to you..
Keep It Simple
  • #8,285
  • Mar 20, 2017 9:50am Mar 20, 2017 9:50am
Quoting cigarguy
{quote} Yes indeed and nice clean chart easy to read.. Your welcomed to post your template if you wish...up to you..
First of all thank you for your wonderful teaching and encouragement to me as well to other traders on this forum, without you at the helm, we would be children lost at sea....I've been mostly learning and on the receiving end and I'd be happy to share whatever I have gained so far....but 1st I need to find out how to post templete etc for there are many features of the forum I never had a chance to use...
  • #8,286
  • Mar 20, 2017 10:06am Mar 20, 2017 10:06am
Entered after break of dragon and break of the last swing low. +3 pips

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  • #8,287
  • Mar 20, 2017 10:20am Mar 20, 2017 10:20am
Riding along in my automobile
explantion on chart
Attached Image (click to enlarge)
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R.I.P Chuck
Inserted Video
  • #8,288
  • Mar 20, 2017 10:35am Mar 20, 2017 10:35am
Quoting Msmaximus
Riding along in my automobile explantion on chart{image}
Man you have +2.5 profit with 2.5 spread and 5 pips DD ?
  • #8,289
  • Mar 20, 2017 10:39am Mar 20, 2017 10:39am
Quoting JeBrak
{quote} Man you have +2.5 profit with 2.5 spread and 5 pips DD ?
Im going for the 7 pips to try compensate the spread , still learning i dont know the meaning of DD?
  • #8,290
  • Mar 20, 2017 10:53am Mar 20, 2017 10:53am
Quoting Msmaximus
{quote} Im going for the 7 pips to try compensate the spread , still learning i dont know the meaning of DD?
DD - means drawdown. Its up to you but I think you should pay attention to broker with lower spread.
  • #8,291
  • Mar 20, 2017 10:56am Mar 20, 2017 10:56am
Quoting pipiphooray
pic here {image}
wow, I understand what happened. I would probably not have entered neither long nor short.
PA was already too low for a short (based on looking at your chart) but I wouldn't enter long either as it was not according to the textbook.
  • #8,292
  • Mar 20, 2017 10:59am Mar 20, 2017 10:59am
U/J +5

rough ride but got out in the end
Attached Image (click to enlarge)
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  • #8,293
  • Mar 20, 2017 11:05am Mar 20, 2017 11:05am
Quoting JeBrak
{quote} DD - means drawdown. Its up to you but I think you should pay attention to broker with lower spread.
Yes im currently checking a broker that was advise for me, but i need to grow higher my account and its a learning curve, thank you for your input
  • #8,294
  • Mar 20, 2017 11:33am Mar 20, 2017 11:33am
USDJPY

Not sure what went wrong with this one, I guess I got caught in a bad moment where USD started pushing strong against other currencies. I still like the entry, with the price rejected upwards by dragon and thenpushed down with a couple of big volume candles.

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  • #8,295
  • Mar 20, 2017 11:42am Mar 20, 2017 11:42am
USD giving strong attention
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  • #8,296
  • Mar 20, 2017 12:53pm Mar 20, 2017 12:53pm
Retracement
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  • #8,297
  • Mar 20, 2017 5:38pm Mar 20, 2017 5:38pm
Quoting robmagario
{quote} wow, I understand what happened. I would probably not have entered neither long nor short. PA was already too low for a short (based on looking at your chart) but I wouldn't enter long either as it was not according to the textbook.
Thank you Rob for the input. Got caught speeding...
  • #8,298
  • Mar 20, 2017 6:20pm Mar 20, 2017 6:20pm
Quoting the3mp
USDJPY Not sure what went wrong with this one, I guess I got caught in a bad moment where USD started pushing strong against other currencies. I still like the entry, with the price rejected upwards by dragon and thenpushed down with a couple of big volume candles. {image}
Hello Mate, here is my 2 cents worth....

1. Price is approaching 1/2 key level where buyers may be waiting.
2. PA has been moving in 200 pip increment before reverse course and at the time it was due for a retrace.
3. Volume was very active, yet price moved little which always raise a cautiion flag...could it be shorts are covering n bulls r buying or at least the fight is ending in a draw?
4. The doji=pin bar 7 minutes into your entry to me is the final warning sign.
5. You covered at the break of the TL, a good decision n came out with little scratch.

Protect our capital (our bullets) to pick another spot to snipe again. I learned my lesson more than once that conviction ruins...happy trading n green pips...
  • #8,299
  • Mar 20, 2017 9:42pm Mar 20, 2017 9:42pm
Quoting the3mp
USDJPY Price broke Daily open and previous resistance, waited for a retrace and entered. Closed when the following candle had even more volume, but price stalled. {image}
Very well done! That is the kind of style of trade that I love the most!
  • #8,300
  • Mar 20, 2017 9:45pm Mar 20, 2017 9:45pm
Quoting the3mp
USDJPY Not sure what went wrong with this one, I guess I got caught in a bad moment where USD started pushing strong against other currencies. I still like the entry, with the price rejected upwards by dragon and thenpushed down with a couple of big volume candles. {image}
Looking at it, the green candle broke Dragon just a bit but failed to make a new high.
Right after that there was that dark gray candle that kinda engulfed the previous one.
Right after that there was that pink candle, so I would have entered there I guess.
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