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PVSRA Scalping with Cigarguy

  • #9,041
  • May 17, 2017 8:03am May 17, 2017 8:03am
EURUSD +6 pips

Waited for a retrace to the 1.111 level, but the red candle didn't break the dragon and price reversed upwards.
Checked M5 and M15, saw price was in an uptrend and took the trade(s). The take profit was set at previous high, because it was only 3 pips I took 2 trades.
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  • #9,042
  • Edited 9:43am May 17, 2017 8:04am | Edited 9:43am
Our New Scalpers...keep in mind, scalping as we do is an art. Once the strength of our PVSRA charts are understood and a good understanding of how PA is manipulated by MM's, and banks, with practice it will all come together.

Then you will understand how to gain insight from the market and trade WITH the smart money.

Scalping is akin to a sniper. We stalk our prey (price action) watch and learn it's momentum and key levels as S & R and pull the trigger.....with pips banked...and no bodies

CG
Keep It Simple
  • #9,043
  • May 17, 2017 8:05am May 17, 2017 8:05am
some food for thought...
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Metta
  • #9,044
  • May 17, 2017 8:08am May 17, 2017 8:08am
USDJPY +5 pips

The pair was in an obvious downtrend, also on M5 and M15. When price did not retrace to the 112.25 level or dragon and volume was high, I took the trade.
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  • #9,045
  • May 17, 2017 8:16am May 17, 2017 8:16am
Quoting Pipsifx
USDJPY +5 pips The pair was in an obvious downtrend, also on M5 and M15. When price did not retrace to the 112.25 level or dragon and volume was high, I took the trade. {image}
Nice one, I wanted to go in exactly at the same spot but I'm not confident enough. Keep up the green trades, I learn a lot from them
  • #9,046
  • May 17, 2017 8:20am May 17, 2017 8:20am
Quoting Spanudiez
{quote} Nice one, I wanted to go in exactly at the same spot but I'm not confident enough. Keep up the green trades, I learn a lot from them
Thanks, keep on practicing and studying the winners and losers. Your confidence will grow
  • #9,047
  • Edited 11:17am May 17, 2017 8:27am | Edited 11:17am
Quoting Pipsifx
{quote} Thanks, keep on practicing and studying the winners and losers. Your confidence will grow
Wise words..
Keep It Simple
  • #9,048
  • May 17, 2017 8:38am May 17, 2017 8:38am
GBPUSD +7

High volume on tops, price forming a double top, got in after strong rejection by 1.297. Used R1 as TP line.

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  • #9,049
  • Edited 11:17am May 17, 2017 8:44am | Edited 11:17am
Quoting the3mp
GBPUSD +7 High volume on tops, price forming a double top, got in after strong rejection by 1.297. Used R1 as TP line. {image}
Nice..
Keep It Simple
  • #9,050
  • May 17, 2017 8:51am May 17, 2017 8:51am
USDJPY M1 +5PIPS SHORT

- PA reached RWL
- After that a green candle failed to break the Dragon and PA started to go bearish again
- So based on the two facts above, I entered when PA broke the 111.750 key level with a red candle and notable volume
Got my target and exited.
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  • #9,051
  • May 17, 2017 8:53am May 17, 2017 8:53am
UJ m1 short +5

Overall downtrend on m5 and m15, broke WL just 30 minutes ago.
Dragon holds, bearish bar breaks RWL with significant volume. I set my limit under RWL with tp 5 pips after spread.

Last trade for the day.
Thank you all for your posts and your insights on my trades, I'm learning a lot.
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  • #9,052
  • Edited 11:17am May 17, 2017 8:54am | Edited 11:17am
Quoting robmagario
USDJPY M1 +5PIPS SHORT - PA reached RWL - After that a green candle failed to break the Dragon and PA started to go bearish again - So based on the two facts above, I entered when PA broke the 111.750 key level with a red candle and notable volume Got my target and exited. {image}
Excellent..
Keep It Simple
  • #9,053
  • Edited 11:17am May 17, 2017 8:59am | Edited 11:17am
Quoting Spanudiez
UJ m1 short +5 Overall downtrend on m5 and m15, broke WL just 30 minutes ago. Dragon holds, bearish bar breaks RWL with significant volume. I set my limit under RWL with tp 5 pips after spread. Last trade for the day. Thank you all for your posts and your insights on my trades, I'm learning a lot. {image}
Looking good...your on the right track..
Practice, practice and more practice. Many new traders look for the Holy Grail.

You will learn the only Holy Grail of trading, is YOU THE TRADER..
Keep It Simple
  • #9,054
  • May 17, 2017 9:01am May 17, 2017 9:01am
EU M1 +5 Explaination on chart

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  • #9,055
  • Edited 11:18am May 17, 2017 9:07am | Edited 11:18am
Quoting Vape
EU M1 +5 Explaination on chart {image}
Nice..I love this set up..
CG
Keep It Simple
  • #9,056
  • Edited 11:18am May 17, 2017 9:12am | Edited 11:18am
FYI FOR NEW SCALPERS:
Study Rob & Vaps charts as they offer great examples.
Keep It Simple
  • #9,057
  • May 17, 2017 10:09am May 17, 2017 10:09am
EU M1 FIFO Scalp +28 (avg. +3.9 @ 7 lots ) just added and ran with the Bulls....as the MM's lead the way with nice momentum..........
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Keep It Simple
  • #9,058
  • May 17, 2017 10:12am May 17, 2017 10:12am
Quoting cigarguy
FYI FOR NEW SCALPERS: Study Rob & Vaps charts as they offer great examples.
Yup, doing that, but one thing that never comes up is the SL. I'm guessing they are 10 pips.
  • #9,059
  • May 17, 2017 10:22am May 17, 2017 10:22am
Quoting only20gp
{quote} Yup, doing that, but one thing that never comes up is the SL. I'm guessing they are 10 pips.
Each trader must decide based on their account size and pain tolerance. Personally, I set a 20 pip SL as a emergency stop do to platform or system failure and manage each trade like a hawk.

If I observe PA began to stall or retrace, then make a decision to stay the trade or close based on the current PA momentum relative to S & R key levels and experience with that currency pair, (ie., session, time of day news events etc, etc) but each trader must decide for themselves........

This is the reason I suggest that traders only stalk 1 or 2 pairs to get to know and understand their movement. One key mistake that I have found through the years is many traders watch too many pairs ( I was guilty as charged in the beginning) afraid they will miss a trade in lieu of observing and learning only a select couple.

Just my 2 cents....
CG
Keep It Simple
  • #9,060
  • May 17, 2017 10:23am May 17, 2017 10:23am
Quoting only20gp
{quote} Yup, doing that, but one thing that never comes up is the SL. I'm guessing they are 10 pips.
I think everybody does that differently. I personally use a S/R level close to the entry as a safe net, but I follow the trade and close it manually if bad signals come up.
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