Attachments: PVSRA Scalping with Cigarguy

PVSRA Scalping with Cigarguy

#9,141
May 22, 2017 2:46am May 22, 2017 2:46am

Spanudiez
| Joined Mar 2009 | Status: Trader | 108 Posts

UJ M1 -2 pips

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Entry reason:

Price under MA and dragon.
PA broke the previous low.
M5 also has red bar coming out of dragon

Exit reason: Price opened above my local resistance.

EDIT:

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Oh well...

#9,142
May 22, 2017 3:58am May 22, 2017 3:58am

Vape
Joined Feb 2016 | Status: Trader | 946 Posts

EU M1 +6 Explaination on chart

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#9,143
May 22, 2017 4:30am May 22, 2017 4:30am

Spanudiez
| Joined Mar 2009 | Status: Trader | 108 Posts

EU +6

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Entry :
Uptrend
Green bar broke RDH + previous high
Higher TF trending upwards
Exit : TP (should have been 1 pip lower)

GJ +2

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Entry :
On M5 GJ bounced off 200MA with green bar
Risky entry M1, green bar closing in the dragon.
Rising Volume

Exit : TP would have been hit at +5, but I've set it up at +7 (can't math)
As price failed to break the previous high I decided to close before BE.

#9,144
May 22, 2017 5:18am May 22, 2017 5:18am

Spanudiez
| Joined Mar 2009 | Status: Trader | 108 Posts

EUM1 +3 pips

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Entry:
Notable volume blue bar broke RDH, exiting the consolidation zone.
PA failed to break dragon.
Overall trend on higher TFs => Long

Exit :
TP at 5, almost got hit 2 times. After the 5th bar I've placed my SL to BE.
I manually closed the trade as soon as I saw the purple bar.

#9,145
May 22, 2017 5:46am May 22, 2017 5:46am

Spanudiez
| Joined Mar 2009 | Status: Trader | 108 Posts

GJM1 +5

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Entry :

Price broke trough dragon and MA200.
Price retraced to MA200 then broke half level with red bar.
Lots of red volume in the last 30 minutes, no green bar.
Waiter for the pullback to half level.

Exit : TP

EUM1 +0.5 => how to trade like an idiot

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Entry :
I'm working at the same time, I notice the sound signal, I was waiting for EU long, however I didn't hear the previous 2 signals

.
noticed green bar, above last high, bought.
RDH lower.

Exit :
Noticed I was already at the 3rd green bar.
Notice round number just above.
Closed manually.
Went for coffee to wake up.

#9,146
May 22, 2017 6:50am May 22, 2017 6:50am

bkproteus
| Joined Sep 2016 | Status: Trader | 84 Posts

Enter from notable volume M1 candle that break Dragon and EMA200. It also just bounces from EMA and Dragon M5 and M15.
6 pips banked easily.

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#9,147
May 22, 2017 7:22am May 22, 2017 7:22am

bkproteus
| Joined Sep 2016 | Status: Trader | 84 Posts

UJ M1, two entries +6pips and +5pips

- First Entry I see some high volume candles that cannot break EMA200, (in the M5 there are also 2 notable volume candles cannot break the EMA200 and Dragon) Enter shot when it breaks the dragon downward.
- Second Entry wait for retracement to dragon and going downward, look left there are two notable red candles volume that break 111.20 level. Enter and exit quickly for 5 pips.

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#9,148
May 22, 2017 7:27am May 22, 2017 7:27am

bkproteus
| Joined Sep 2016 | Status: Trader | 84 Posts

EJ M1: I see many notable volume candles cannot break the RDH and quater level.
Enter after the high wig green candle followed by a purple candle.
Exit at EMA200. 5pip banked easily.

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#9,149
May 22, 2017 8:03am May 22, 2017 8:03am

robmagario
Joined Mar 2016 | Status: Senior member | 1,279 Posts

USDJPY M1 +5PIPS SHORT

- Break of previous low with a huge red candle and notable volume
- Break of the 111.000 key level with a red candle
- I waited for a retrace and entered
Got my target and exited.

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#9,150
May 22, 2017 8:25am May 22, 2017 8:25am

only20gp
| Joined Dec 2009 | Status: Trader | 334 Posts

Quoting pipiphooray

Disliked

{quote} --------------------------------------------------- In addition to other members advice, here are a few more points for your consideration in future trades: 4 Don'ts in Trading: 1) trade against trend 2) long resistance/short support 3) enter trades far from MA 4) trade breakout w/o buildup In the case of the particular trade in question, it seems that item #3 on the list may have played a part....hope it helps n happy trading!

Ignored

Much appreciated.... scalping requires some serious fast thinking

#9,151
May 22, 2017 8:41am May 22, 2017 8:41am

only20gp
| Joined Dec 2009 | Status: Trader | 334 Posts

Quoting robmagario

Disliked

USDJPY M1 +5PIPS SHORT - Break of previous low with a huge red candle and notable volume - Break of the 111.000 key level with a red candle - I waited for a retrace and entered Got my target and exited. {image}

Ignored

didn't seem like the red candle before you entered actually broke the 111.000 key level, as it closed above the level and not below. The 111.000 level actually held.
It doesn't matter to you that is closes above or below a key level? just as long as it goes through it somehow?

#9,152
May 22, 2017 8:51am May 22, 2017 8:51am

robmagario
Joined Mar 2016 | Status: Senior member | 1,279 Posts

Quoting only20gp

Disliked

{quote} didn't seem like the red candle before you entered actually broke the 111.000 key level, as it closed above the level and not below. The 111.000 level actually held. It doesn't matter to you that is closes above or below a key level? just as long as it goes through it somehow?

Ignored

You are right in saying that it closed above, but what I spotted was 3 things

- double red candles both of them were big
- the first red candle broke the previous low and this candle was huge
- before that, you can see a series of lower tops with notable volume, which confirmed that the overall trend was bearish

#9,153
May 22, 2017 12:35pm May 22, 2017 12:35pm

SigmaEnigma
| Joined Mar 2015 | Status: Trader | 156 Posts

Been out of the trading game for a while. Finally got enough time to hop back in. I see some new indicators floating around with this system. One I see on a lot of pictures is that indicator that paints a red or green square around certain regions (based on something, but I don't know what). Can anyone link me that indicator and perhaps in one line or two explain what it is indicating? It would be much appreciated.

Let the pip hunt begin.

-Sigma

#9,154
May 22, 2017 1:50pm May 22, 2017 1:50pm

Pipsifx
| Joined May 2016 | Status: Trader | 87 Posts

Quoting SigmaEnigma

Disliked

Been out of the trading game for a while. Finally got enough time to hop back in. I see some new indicators floating around with this system. One I see on a lot of pictures is that indicator that paints a red or green square around certain regions (based on something, but I don't know what). Can anyone link me that indicator and perhaps in one line or two explain what it is indicating? It would be much appreciated. Let the pip hunt begin. -Sigma

Ignored

These are candles of H1, called M-candles.