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PVSRA Scalping with Cigarguy

  • #8,781
  • Apr 27, 2017 4:41am Apr 27, 2017 4:41am
GBPUSD +4

Risky long entry, close to the 1.29 resistance level. Several red/green couples of candles on the bottoms, signaling an upcoming move up. Got the confirmation on the red pni bar on 1.289 followed by two blue candles. Closed it when price failed to break 1.29 after several attempts. Might have left quite a few on the table, but didn't want to risk.

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  • #8,782
  • Apr 27, 2017 4:50am Apr 27, 2017 4:50am
Quoting robmagario
EURJPY M1 +5PIPS SHORT Break of both RWH and the 200EMA with a huge red candle and notable volume. Waited for retrace and entered. Got my target and exited. {image}
My RWH level is @121.98 ... I have some wrong data in the indicator? Please guys tell me your RWH levels. My broker is IC Markets...
Trade What's Happening... Not What You Think Is Gonna Happen
  • #8,783
  • Apr 27, 2017 5:44am Apr 27, 2017 5:44am
MY CLASSIC STYLE

USDJPY LONG....

after retracement from quarter level resistence break both dragon with green candle entered and out with 5 pips
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  • #8,784
  • Apr 27, 2017 5:48am Apr 27, 2017 5:48am
Quoting simjo
MY CLASSIC STYLE USDJPY LONG.... after retracement from quarter level resistence break both dragon with green candle entered and out with 5 pips {image}
Nice trade

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  • #8,785
  • Apr 27, 2017 6:03am Apr 27, 2017 6:03am
Quoting the3mp
{quote} Nice trade {image}
Nice trade indeed!

USDJPY +3

Saw the range forming on the m5 chart. Got in after the break of the dragon on high volume. Execution wasn't on point on this and I got out a bit early as I thought it might be reversing again, if I'd have waited it would have hit my target but green pips are green pips!
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  • #8,786
  • Apr 27, 2017 6:27am Apr 27, 2017 6:27am
NZDUSD +3

Not a pair I trade usually, but it was in a nice downtrend. Got in after it broke the DO and was rejected strongly by the dragon. Started moving very slowly, so I closed it for a few pips.

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  • #8,787
  • Apr 27, 2017 6:44am Apr 27, 2017 6:44am
AudCad short; fundamentals are aligned...
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Trade What's Happening... Not What You Think Is Gonna Happen
  • #8,788
  • Apr 27, 2017 7:50am Apr 27, 2017 7:50am
Quoting tigerwood4
hi all new member to the club thanks cigarguy im really liking this place Entered following trade after is broke major key level with huge volume. Waited for retrace and entered. got stopped out -14. Anyone has suggestion on where i went wrong? {image}
When the candle is way too big (which is your case), you don't need to wait for a retrace. If you look at some of my past trades, sometimes I enter right on that same candle and close it after a few seconds only. This is what you should have done in this trade.
  • #8,789
  • Apr 27, 2017 8:16am Apr 27, 2017 8:16am
Quoting robmagario
{quote} When the candle is way too big (which is your case), you don't need to wait for a retrace. If you look at some of my past trades, sometimes I enter right on that same candle and close it after a few seconds only. This is what you should have done in this trade.
Right on good advice..
Keep It Simple
  • #8,790
  • Apr 27, 2017 8:25am Apr 27, 2017 8:25am
EURUSD M1 +5PIPS LONG

CT Trade
- I noticed PA started to bounce back from RDL and started to go bullish
- I targeted the bounce back to Dragon when PA broke the 1.08750 key level with a green candle and notable volume
Got my target and exited
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  • #8,791
  • Apr 27, 2017 8:35am Apr 27, 2017 8:35am
For our new PVSRA scalpers;

If you have not figured it out by now, I am away from my office often with outside business tasks and Rob has graciously accepted the responsibility of helping with our thread responsibilities.

He has quickly excelled with our PVSRA scalping system and has been a tremendous asset to our thread.

Thanks Rob for freely giving of your time..

Cigarguy
Keep It Simple
  • #8,792
  • Apr 27, 2017 8:48am Apr 27, 2017 8:48am
USDJPY M1 +5PIPS LONG

- I realized we got triple shoulders that failed to break the 111.500 key level
- After PA bounced back up again from the 200EMA with a huge green candle and notable volume, I entered the trade because I felt that PA was going to try to break the 111.500 key level again
I closed it when it got there as I didn't want to take any risk.
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  • #8,793
  • Apr 27, 2017 8:50am Apr 27, 2017 8:50am
Quoting cigarguy
For our new PVSRA scalpers; If you have not figured it out by now, I am away from my office often with outside business tasks and Rob has graciously accepted the responsibility of helping with our thread responsibilities. He has quickly excelled with our PVSRA scalping system and has been a tremendous asset to our thread. Thanks Rob for freely giving of your time.. Cigarguy
Thanks Cigarguy, I will try my best to assist other members.
  • #8,794
  • Edited 9:04am Apr 27, 2017 8:53am | Edited 9:04am
Quoting robmagario
{quote} Thanks Cigarguy, I will try my best to assist other members.
You're already there..

Now looking forward to our new PVSRA scalpers continued contributions.

CG
Keep It Simple
  • #8,795
  • Apr 27, 2017 9:19am Apr 27, 2017 9:19am
AUDUSD +4

Not much to say, downtrend with a very strong USD, price broke the previous low.

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  • #8,796
  • Apr 27, 2017 9:23am Apr 27, 2017 9:23am
Quoting the3mp
AUDUSD +4 Not much to say, downtrend with a very strong USD, price broke the previous low. {image}
Very nice....
Keep It Simple
  • #8,797
  • Edited 9:52am Apr 27, 2017 9:39am | Edited 9:52am
New PVSRA scalpers,

Just a reminder, once you are consistently making your 5 pip targets and are comfortable with your small scalps, you can slowly add lots to fit your account comfort zone to increase your profitability.

I often adjust my lot size depending on my confidence in the trade.

Keeping in mind account preservation is the key to sustainability..
CG
Keep It Simple
  • #8,798
  • Apr 27, 2017 10:48am Apr 27, 2017 10:48am
GBPJPY +7.8

Price reacted very nicely to the 50ema (m5) / 200ema (m1), waited for it to break the dragon then entered, target was the previous low.
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  • #8,799
  • Apr 27, 2017 10:57am Apr 27, 2017 10:57am
Quoting Oli.S
GBPJPY +7.8 Price reacted very nicely to the 50ema (m5) / 200ema (m1), waited for it to break the dragon then entered, target was the previous low. {image}
You're patience was rewarded....Nice..
Keep It Simple
  • #8,800
  • Apr 27, 2017 12:05pm Apr 27, 2017 12:05pm
GBPUSD M1 +10PIPS LONG 2 trades

After PA broke the 1.29000 key level with a huge green candle and notable volume, I waited for a small retrace and entered.
Got my target and exited.
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