PVSRA Scalping with Cigarguy

Quoting robmagario

Disliked

USDJPY M1 +5PIPS SHORT Reasons - I have observed that the 110.500 key level hadn't been broken for the last 6 hours - So, when PA finally broke it with a red candle and notable volume, I waited for a small retrace and entered Got my target and exited {image}

Ignored

Quoting the3mp

Disliked

{quote} Got in after it broke it for the second time, price stopped just an inch from my take profit, then retraced all the way back to BE {image}

Ignored

Quoting robmagario

Disliked

{quote} The3mp, From my experience, whenever this kind of trade happens, you take a look at what happened before. You can see that 6 hours ago PA went all the way down to 110.461. You could have closed it on that long red candle that you got, as that red had already broken the previous low, so you know that a retrace was imminent. (or at least it could become imminent, which is what happened here). Hope this helps, Rob

Ignored

Quoting the3mp

Disliked

{quote} I agree, but in this case there was nothing stopping the price there so I hoped for something more. It did actually need that small retrace, after that the price dropped 20 more pips without looking back.

Ignored

Quoting robmagario

Disliked

{quote} Yup, I saw that too.

Ignored

Quoting mbs

Disliked

Hi there, First of all I would salute everyone on this thread, and above all a big thanks to Cigarguy for sharing his knowledge. It is a great, great honor and privilege to be here with You and learn! I'm kinda silent lurker so this is my first trade posted here...or FF for that matter :-) - previously in AS the price has touched 76.75 with a big red candle and a similar volume bar, and it didn't break that level - it looked that actually there was MM buying on that q level and the price was pushed back through the dragon near vicinity of the 200...

Ignored