PVSRA Scalping with Cigarguy

GBPUSD M1 +5,9 PIPS SHORT
explanation on chart

USDJPY short +5 explanation on charts

USDJPY +5 pips

After price came back from a retrace to the 200 EMA and broke the dragon with a big red candle, this was my chance.

Nice trade!

Thanks , the same entrance )

GbpNzd, last trade of the week

Thank you guys for this thread, specially Robmagario and Cigarguy (of course) and all the persons that contribute with their posts.
I encourage you to post also your wrong trades and try to explain why they failed (knowing that there are a lot of uncontrolled factors). Keep going! Thank you very much!

Yes, usually that engulfing pattern works well.

USDJPY M1 +3PIPS LONG

Strong rejection from the red line that I drew at 113.332.
Break of the previous consolidation area with a huge green candle. I entered there.
Got my target and exited.

USDJPY M1 +5PIPS LONG

- Strong rejection from the Dragon that also broke the 113.500 key level with a big green candle and notable volume
Got my target and exited.

UJ M1 -3.5 Explaination on chart

EU M1 -3.6 Explaination on chart



Bad place to close. Would have got TP if stop was slightly bigger.

These two trades were more useful than hundends of winning ones

EURUSD +5 pips

Price was already in an uptrend and above 200 EMA, when price broke the dragon with a big green candle I took the trade.

EURUSD +5 pips

Price broke the 1.095 level with notable volume + price was in an uptrend above 200 EMA.

Easy retrace...

2 x EURUSD M1 +6P LONG

- bullish PA
- the price previously already broke the half level, but it was reversed at some minor resistance
- I entered when the PA broke this local resistance and had a big green volume bar too
- Exited with 3 pips when PA started to lose momentum

- for the second trade I waited for a retrace, and entered when the PA moved above the previously mentioned local resistance.
- it proved that the retrace wasn't quite finished, the PA went a little bit against my position, but after a few candles resumed the up move
- Exited when I considered that the temporary volume level (even though the price started to climbe, the volume was decreasing) isn't sufficient to build
proper momentum for the price to move further up

EURUSD +7

Uptrend, price bounces off dragon with big volume, took profit at daily R1.

Congrats Guys....many nice scalps as usual....

Our New Scalpers....I have always encouraged our scalpers to post losers as well as winners as I do and will continue.

There are golden nuggets that can be mined with close observation from both...

CG

USDCAD BE

Pretty regular downtrend, got in on the tops of the wave (with very small amplitude) with not much momentum, but it looked like it was pointing at least to the round number, if not S3. I closed it BE very quickly when it failed to break the previous low with big volume and USD started fighting back against other currencies.