USDJPY +5 short explanation on chart 
PVSRA Scalping with Cigarguy
- #9,062
- May 17, 2017 10:29am May 17, 2017 10:29am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} 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.
"Greed is Good" in the movies but not necessarily in trading....
Keep It Simple
- #9,063
- May 17, 2017 10:31am May 17, 2017 10:31am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
USDJPY +5 short explanation on chart {image}
Keep It Simple
- #9,065
- May 17, 2017 10:38am May 17, 2017 10:38am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EU M1 +5 Explaination on chart {image}
Keep It Simple
- #9,066
- May 17, 2017 10:46am May 17, 2017 10:46am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EU looks like a setup for a nice healthy retrace at these levels as seen on H1, of course we cannot know but only stalk..???
Keep It Simple
- #9,067
- Edited 11:13am May 17, 2017 10:58am | Edited 11:13am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Our PVSRA key levels and 50/200 emas.......are they often (not always of course) respected as S & R for entry and exit points? This is the reason we stalk our chosen pair and trade with the MM's momentum....mostly with the trend but CT at times as PA dictates...
You decide, I don't cherry pick examples, key level and ema as S & R levels can be observed on all currencies. Our PVSRA system or another, it is wise to observe these levels as entries and exits..........
You decide, I don't cherry pick examples, key level and ema as S & R levels can be observed on all currencies. Our PVSRA system or another, it is wise to observe these levels as entries and exits..........
Keep It Simple
- #9,069
- May 17, 2017 12:25pm May 17, 2017 12:25pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
GBPUSD long.. @m5 & m15 chart clearly shows the uptrend switch to m1 chart PA moves back to dragon from previous resistence {image}
Keep It Simple
- #9,070
- May 17, 2017 1:39pm May 17, 2017 1:39pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Congrats Guys....Many profitable scalps today....
CG
CG
Keep It Simple
- #9,072
- May 17, 2017 5:49pm May 17, 2017 5:49pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
hi one scalp and so good result TNX {image}
Keep It Simple
- #9,073
- May 17, 2017 9:05pm May 17, 2017 9:05pm
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
- #9,074
- May 17, 2017 9:24pm May 17, 2017 9:24pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
USDJPY M1 +5PIPS LONG My favorite style of trading, the engulfing pattern combined with notable volume and key level break. - PA had an engulfing green candle after a red one - Notable volume - This happened on the 111.000 key level. The green candle broke it. I entered there. Got my target and exited. {image}
Keep It Simple
- #9,076
- May 18, 2017 2:42am May 18, 2017 2:42am
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
- #9,077
- May 18, 2017 2:56am May 18, 2017 2:56am
USDJPY +6
First one is a risky, countertrend entry on big stopping volume after the price fell down 25 pips without even a small retrace. Moved the SL to BE as soon as I got into profit, cause I knew that price might just start to drop again.
The second one is much more conventional, got in after a big red candle broke the previous low, got out at the round number.
First one is a risky, countertrend entry on big stopping volume after the price fell down 25 pips without even a small retrace. Moved the SL to BE as soon as I got into profit, cause I knew that price might just start to drop again.
The second one is much more conventional, got in after a big red candle broke the previous low, got out at the round number.
