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PVSRA Scalping with Cigarguy

  • #8,681
  • Apr 21, 2017 4:22am Apr 21, 2017 4:22am
Quoting robmagario
EURJPY M1 +5PIPS SHORT Break of 116.750 key level with a huge red candle and notable volume. I waited for a small retrace and entered. Got my target and exited. {image}
do you always go for 5 points........

i took the 1st trde you took short on ej yesterday because it broke the daily trendline then retraced to it meaning the macro downtrend was still intact, up 90 ticks so far with no reason to exit the short
  • #8,682
  • Apr 21, 2017 4:30am Apr 21, 2017 4:30am
Quoting cigarguy
{quote} You can start learning from post #1 where your studies begin. All here who are successful have taken the same journey. I would begin ny reading the PDF'S.... CG
i did read the pdf and have been trading currencies for 3 years now, just wanted to know what the different colours on the volume indi meant lol

sorry if you included it in the pdf and i missed it
  • #8,683
  • Apr 21, 2017 5:04am Apr 21, 2017 5:04am
EU M1 +5 Explaination on chart

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  • #8,684
  • Apr 21, 2017 5:05am Apr 21, 2017 5:05am
Quoting djms
{quote} i did read the pdf and have been trading currencies for 3 years now, just wanted to know what the different colours on the volume indi meant lol sorry if you included it in the pdf and i missed it
Situation "Climax"
Bars with volume >= 200% of the average volume of the 10 most recent previous chart TFs, and bars where the product of candle spread x candle volume is >= the highest for the 10 most recent previous chart time TFs. Bull bars are green and bear bars are red.
Situation "Volume Rising Above Average"
Bars with volume >= 150% of the average volume of the 10 most recent previous chart TFs. Bull bars are blue and bear are blue-violet.
  • #8,685
  • Apr 21, 2017 5:15am Apr 21, 2017 5:15am
EURJPY +6.9

Small retrace back up to the m5 dragon which then broke through the m1 dragon with a high volume, engulfing bar. Entered after that bar and target was the previous low.
Attached Image (click to enlarge)
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  • #8,686
  • Apr 21, 2017 5:29am Apr 21, 2017 5:29am
USDJPY -4.9 loss

Was a bit hasty to take this when I saw the bounce off the m1 200ema which broke through the dragon with high volume. If I'd have looked left on my 5m and 1m chart I would have seen I was selling into heavy support.
Attached Image (click to enlarge)
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  • #8,687
  • Edited 10:23am Apr 21, 2017 5:35am | Edited 10:23am
Quoting djms
{quote} i did read the pdf and have been trading currencies for 3 years now, just wanted to know what the different colours on the volume indi meant lol sorry if you included it in the pdf and i missed it
TO THOSE INTERESTED IN PVSRA SCALPING;

Please take time to start from post #1 and scan through our thread prior to asking the same redundant questions that have been answered so many times in this thread and our old PVSRA thread (link provided at post #1)

Actually with over 8000 posts with excellent annotated charts and explanations right here in our thread it is easy to see and understand our scalping system.

Our entire thread was created for and is a PVSRA scalping text book. All is provided here FREE OF charge for those willing and dedicated to learn.

Thanks to our many successful traders giving their time freely for these posts, a trader interested in PVSRA scalping can learn quickly by observing and studying these posts even without the PDF's.

CG
Keep It Simple
  • #8,688
  • Apr 21, 2017 5:40am Apr 21, 2017 5:40am
EURJPY +7.9

Really solid reaction to the M5 dragon, waited for price to break the m1 dragon with volume, entered and got some pips.
Attached Image (click to enlarge)
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  • #8,689
  • Edited 10:21am Apr 21, 2017 5:53am | Edited 10:21am
Quoting Oli.S
EURJPY +7.9 Really solid reaction to the M5 dragon, waited for price to break the m1 dragon with volume, entered and got some pips. {image}
Oli.s,

Excellent...referencing my above post....Great example of a trader quickly learning PVSRA scalping...
Keep It Simple
  • #8,690
  • Apr 21, 2017 6:40am Apr 21, 2017 6:40am
Quoting cigarguy
{quote} Oli.s, Excellent...referencing my above post....Great example of a trader quickly learning PVSRA scalping...
Thanks Cigarguy, I definitely agree that it's all here on the thread for those who wish to learn this style of trading. Many thanks to all who post on here.

A few points specific points that have helped me improve are: (I'm sure these have all be covered many times)
Focus on just a couple of currency pairs and get to know how they move as they all have different personalities and especially when you're learning it only makes it harder if you look at too many.
Watch the higher time frames for high volume reactions to S/R levels and jump on the back of those moves when you see and entry on the M1 chart.
And keep a trade diary taking screen shots. I even take screen shots of all the good trades I miss (of which there are many!) and document them as if it were a trade I took. I find this helps me cement in my mind the specific kind of setups I'm looking for in future.

Cheers!
Oli
  • #8,691
  • Apr 21, 2017 6:45am Apr 21, 2017 6:45am
Quoting Oli.S
{quote} Thanks Cigarguy, I definitely agree that it's all here on the thread for those who wish to learn this style of trading. Many thanks to all who post on here. A few points specific points that have helped me improve are: (I'm sure these have all be covered many times) Focus on just a couple of currency pairs and get to know how they move as they all have different personalities and especially when you're learning it only makes it harder if you look at too many. Watch the higher time frames for high volume reactions to S/R levels and jump on...
Great advice.
  • #8,692
  • Edited 10:21am Apr 21, 2017 7:20am | Edited 10:21am
Quoting Oli.S
{quote} Thanks Cigarguy, I definitely agree that it's all here on the thread for those who wish to learn this style of trading. Many thanks to all who post on here. A few points specific points that have helped me improve are: (I'm sure these have all be covered many times) Focus on just a couple of currency pairs and get to know how they move as they all have different personalities and especially when you're learning it only makes it harder if you look at too many. Watch the higher time frames for high volume reactions to S/R levels and jump on...
Good information for ALL...
Keep It Simple
  • #8,693
  • Edited 10:20am Apr 21, 2017 7:59am | Edited 10:20am
Quick comment to answer some PM'S regarding auto EA traders,

Each trader/scalper must learn and understand how the FX market works. It is controlled and moved by MARKET MAKERS aka big money and banks. To trade WITH THE SMART MONEY requires trader management armed with market knowledge. Their is no substitute for trade management and the required knowledge of how the market makers trade our key levels as support & resistance as areas for profit taking and possible retraces.

In the short term any system may work but eventually only traders that understand the market will survive as I have seen many traders come and fail through the years. This can be a difficult and expensive lesson learned the hard way by trial and error.

Stay GREEN and learn to trade WITH THE SMART MONEY AS WE GRAB THEIR SHIRT TAILS AND GO ALONG FOR THE RIDE.

Have a GREAT week end and many pips

Cigarguy
Keep It Simple
  • #8,694
  • Apr 21, 2017 8:13am Apr 21, 2017 8:13am
EURJPY BUY +5 pips

Noticed the support at the 116.600 level on M5.
When price approached that level again, I took the trade.
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  • #8,695
  • Edited 9:27am Apr 21, 2017 8:24am | Edited 9:27am
Quoting Pipsifx
EURJPY BUY +5 pips Noticed the support at the 116.600 level on M5. When price approached that level again, I took the trade. {image}
Nice..
Keep It Simple
  • #8,696
  • Apr 21, 2017 8:28am Apr 21, 2017 8:28am
Smokeineee......
Everything was in place so took the trade, went short and made 5 pips. End of the Day. Happy Weekend fellow traders.
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  • #8,697
  • Edited 9:27am Apr 21, 2017 8:34am | Edited 9:27am
Quoting bluepower
Smokeineee...... Everything was in place so took the trade, went short and made 5 pips. End of the Day. Happy Weekend fellow traders. {image}
Another fast to learn scalper....Good Scalp....
Keep It Simple
  • #8,698
  • Edited 10:16am Apr 21, 2017 8:45am | Edited 10:16am
Quoting cigarguy
{quote} Another fast to learn scalper....Good Scalp....
It is obvious to see those that did their chart studies from their trades as they are rewarded with some pips banked.
CG
Keep It Simple
  • #8,699
  • Apr 21, 2017 5:01pm Apr 21, 2017 5:01pm
CG do you know or does anyone know actually if there is a heiken ashi that auto adjust depending on how zoomed out you are, I noticed the PVA prices indicator has some code in it for adjusting candle width but I do not know if this can be done to heiken candles any help would be great.

This is the code from PVA prices that adjusts the candle width, I cannot code so literally wouldn't have a clue where to start.

//Set bar widths
if(Chart_Scale == 0) {Bar_Width = 1;}
else {if(Chart_Scale == 1) {Bar_Width = 2;}
else {if(Chart_Scale == 2) {Bar_Width = 2;}
else {if(Chart_Scale == 3) {Bar_Width = 3;}
else {if(Chart_Scale == 4) {Bar_Width = 6;}
else {Bar_Width = 13;} }}}}

But have a nice weekend everyone
  • #8,700
  • Apr 22, 2017 3:27am Apr 22, 2017 3:27am
Hi Everybody,
Thanks for this thread
I am new here and wish to learn this trading method
but i have a question; Do i have to go through 430 page to learn the method or there are some specific posts??
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