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PVSRA Scalping with Cigarguy

  • #8,321
  • Mar 21, 2017 9:30am Mar 21, 2017 9:30am
IMO probably 90% or so of traders could not provide the detailed explanations for their trades like our PVSRA scslpers.

I'm not being mean but just my observation from my own experience...

Most rely on lagging indicators for entries/exits with little market knowledge. I can speak to this because i was once one.

CG
Keep It Simple
  • #8,322
  • Mar 21, 2017 9:47am Mar 21, 2017 9:47am
USDJPY M1 +5PIPS SHORT

- PA broke 112.250 key level with a red candle and notable volume
- After that PA make a new low again with a red candle and notable volume
- So I waited for a small retrace and entered
Got my target and exited
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m1-ftt-sweden-ab.png Size: 69 KB
  • #8,323
  • Mar 21, 2017 9:55am Mar 21, 2017 9:55am
eurusd short

not pvsra so not recommended, eur is quite a way above its RDH and a bit overextended, on the 4H chart it's forming a double top so went in to short with very small amount for each hand....closed at 200ema with many 5s banked.

again EP too early and should wait for break of TL
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 64 KB
  • #8,324
  • Mar 21, 2017 9:57am Mar 21, 2017 9:57am
EURUSD

Price bounces off 200 EMA with huge volume and breaks .081 upwards. I put a stupidly tight SL in the first trade, then I enter again when price breaks the dragon.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m1-pepperstone-group-limited.png Size: 96 KB
  • #8,325
  • Mar 21, 2017 10:01am Mar 21, 2017 10:01am
time to rest here...happy trading and green pips all........some retrace could be coming with green pips from those early high flyers....bank them....
  • #8,326
  • Mar 21, 2017 10:10am Mar 21, 2017 10:10am
Quoting pipiphooray
time to rest here...happy trading and green pips all........some retrace could be coming with green pips from those early high flyers....bank them....
Keep It Simple
  • #8,327
  • Mar 21, 2017 10:11am Mar 21, 2017 10:11am
GbpUsd M1 Trend downward, price broke 1.24500 level with notable volume.5 pips FIFO scalp.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.mM1a.png Size: 59 KB
  • #8,328
  • Mar 21, 2017 10:39am Mar 21, 2017 10:39am
Quoting pipiphooray
eurusd short not pvsra so not recommended, eur is quite a way above its RDH and a bit overextended, on the 4H chart it's forming a double top so went in to short with very small amount for each hand....closed at 200ema with many 5s banked. again EP too early and should wait for break of TL {image}

Can you show us what double top was on H4? Thank a lot and green pips
  • #8,329
  • Mar 21, 2017 10:46am Mar 21, 2017 10:46am
Quoting robmagario
USDJPY M1 +5PIPS SHORT ... So I waited for a small retrace and entered Got my target and exited {image}
Can I ask you what are the main signs that show retrace is finished ? to what details you pay attention to ?
  • #8,330
  • Mar 21, 2017 11:10am Mar 21, 2017 11:10am
Quoting JeBrak
{quote} Can I ask you what are the main signs that show retrace is finished ? to what details you pay attention to ?
Yes you can ask.
Basically in the chart that I posted, I am looking to see PA get back or close enough to a key level (in this case 112.250) and bounce back from it.
As you can see in the chart, I was a bit wrong about the retrace as it was not over yet, so it bounced back all the way to 112.250 to then come back again.
Rob
  • #8,331
  • Mar 21, 2017 11:20am Mar 21, 2017 11:20am
Quoting robmagario
{quote} I am looking to see PA get back or close enough to a key level and bounce back from
Thank you, its a valuable information for me . I noticed similar setups happen quite often but I feel inconvenient with entry point.
  • #8,332
  • Mar 21, 2017 12:09pm Mar 21, 2017 12:09pm
USDJPY M1 +3PIPS SHORT

- Entered after two consecutive red candles broke the Dragon and bounced back from RDL
Got bored and closed it making 3pips of profit.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m1-ftt-sweden-ab.png Size: 63 KB
  • #8,333
  • Mar 21, 2017 1:37pm Mar 21, 2017 1:37pm
UJ
1 fail and one good
working the s/r
Attached Image (click to enlarge)
Click to Enlarge Name: InkedUSDJPYiM18_34_LI.jpg Size: 1.0 MB
  • #8,334
  • Mar 21, 2017 1:47pm Mar 21, 2017 1:47pm
take the pips and run to the hills
Attached Image (click to enlarge)
Click to Enlarge Name: InkedEURUSDiM18_42_LI.jpg Size: 973 KB
  • #8,335
  • Mar 21, 2017 1:57pm Mar 21, 2017 1:57pm
Same situation Usd stronger then the Eur
Hit tp
Run to the hills +10pips
Attached Image (click to enlarge)
Click to Enlarge Name: InkedEURUSDi18_54_LI.jpg Size: 947 KB
  • #8,336
  • Mar 21, 2017 2:05pm Mar 21, 2017 2:05pm
Working the momentum of the strong JPY with s/r levels
Attached Image (click to enlarge)
Click to Enlarge Name: InkedUSDJPYiM19_01_LI.jpg Size: 1.0 MB
  • #8,337
  • Mar 21, 2017 2:07pm Mar 21, 2017 2:07pm
Quoting Msmaximus
Same situation Usd stronger then the Eur Hit tp Run to the hills +10pips{image}
Its not a good idea to just focus on each currency's strength and use more than just the CSM.

The CSM is short lived and is best used to identify which pairs to trade rather than making trading decisions based on strength/weakness.
  • #8,338
  • Mar 21, 2017 4:18pm Mar 21, 2017 4:18pm
Took this EURUSD short trade, after the retrace. +5 pips
Attached Image (click to enlarge)
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  • #8,339
  • Mar 21, 2017 7:21pm Mar 21, 2017 7:21pm
Quoting freeman777
{quote} Can you show us what double top was on H4? Thank a lot and green pips
Hi Freeman,

Attached is the eurusd 4H double top I was refering to, I am using a regular line chart here to cut the noise for easy viewing. The vertical blue line represents the approximate time of the cluster of my entries.

Happy trading and green pips!
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 50 KB
  • #8,340
  • Mar 21, 2017 7:31pm Mar 21, 2017 7:31pm
eurusd short

EP on a red pin bar with volume on 5M chart and closed at prior low for 8 pips, a better Pvsra execution would've been to wait for the break of TL for an easy 5.
Attached Image(s) (click to enlarge)
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