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PVSRA Scalping with Cigarguy

  • #9,321
  • Jun 12, 2017 7:21pm Jun 12, 2017 7:21pm
CADJPY M1 0.1PIPS LONG

Reasons

- I saw that PA made 2 consecutive green candles with notable volume breaking the previous high
- I entered on a retrace back to Dragon
- I didn't close in time because I was greedy and PA bounced back to Dragon again unfortunately
Closed my trade with 0.1 pips profit
Attached Image (click to enlarge)
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  • #9,322
  • Jun 12, 2017 8:41pm Jun 12, 2017 8:41pm
Quoting robmagario
CADJPY M1 0.1PIPS LONG Reasons - I saw that PA made 2 consecutive green candles with notable volume breaking the previous high - I entered on a retrace back to Dragon - I didn't close in time because I was greedy and PA bounced back to Dragon again unfortunately Closed my trade with 0.1 pips profit {image}
That's OK.....at least when trades go wrong...Most important capital preservation...
CG
Keep It Simple
  • #9,323
  • Jun 13, 2017 12:41am Jun 13, 2017 12:41am
GJ +3.3

Attached Image (click to enlarge)
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Considerable volume came with LO.
Green bar broke quarter number then blue bar with higher volume formed.
I waited for pullback to quarter number and went long.

Price seemed to hit local resistance and I decided to close on 3.3 pips profit with lower volume.

As I'm writing this, price went up and it would have hit my target, yet I don't regret my exit, PA seemed to hit resistance, momentum seemed to be going down.
  • #9,324
  • Jun 13, 2017 12:56am Jun 13, 2017 12:56am
UJ M1 +4.6 Explaination on chart

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  • #9,325
  • Jun 13, 2017 1:14am Jun 13, 2017 1:14am
GJ -1.2

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Painful long trade. At first sight it looks like a good entry, JPY weak, general uptrend, notable volume bar breaking the previous high, higher lows, above quarter number.

However check the M15 chart :

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Hopefully I won't repeat the same mistake again .
  • #9,326
  • Jun 13, 2017 2:17am Jun 13, 2017 2:17am
EU +0.2

Another frustrating long trade.

Attached Image (click to enlarge)
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Big green candle, higher volume than the previous red.
Green candle closes above dragon.

Volume goes down, market goes sideways. I close manually on breakeven.
  • #9,327
  • Jun 13, 2017 2:25am Jun 13, 2017 2:25am
Quoting Spanudiez
EU +0.2 Another frustrating long trade. {image} Big green candle, higher volume than the previous red. Green candle closes above dragon. Volume goes down, market goes sideways. I close manually on breakeven.
Had the same.. Closed it to late.. So small loss
  • #9,328
  • Jun 13, 2017 3:01am Jun 13, 2017 3:01am
UJ BE

Attached Image (click to enlarge)
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Red candle breaking previous support. Decided to close as soon as as I saw small green candle with higher volume.

Edit : I should have stayed out, 2 mins until USD news, didn't had time to check the scheduled releases.
  • #9,329
  • Jun 13, 2017 3:29am Jun 13, 2017 3:29am
EJ -5.2 pips

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Entry reason : big red bar with good volume. I expected a small retrace but I entered anyway as price cleared MA200 and it was looking good on the M5-15 charts.

Price retraced to small resistance area, then selling volume raised, so I decided to keep my position open.

Closed the trade when Price went above resistance into MA200.
  • #9,330
  • Jun 13, 2017 4:40am Jun 13, 2017 4:40am
EU M1 +5 Explaination on chart

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  • #9,331
  • Jun 13, 2017 4:48am Jun 13, 2017 4:48am
Quoting Spanudiez
EJ -5.2 pips {image} Entry reason : big red bar with good volume. I expected a small retrace but I entered anyway as price cleared MA200 and it was looking good on the M5-15 charts. Price retraced to small resistance area, then selling volume raised, so I decided to keep my position open. Closed the trade when Price went above resistance into MA200.
In my broker there is not red candle on your entry
The candle with notable volume is many different
  • #9,332
  • Jun 13, 2017 5:01am Jun 13, 2017 5:01am
EURUSD +2.6. Explanation on chart.

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  • #9,333
  • Jun 13, 2017 5:42am Jun 13, 2017 5:42am
GBPUSD +8

Nice uptrend for the Pound, got in the first time after that big green candle broke the previous max. Closed it BE when it failed to break quarter level and USD was getting some strength. Went long again when the quarter level was broken with volume, aiming to the Pivot line but closed it earlier when it lost momentum.

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  • #9,334
  • Jun 13, 2017 5:43am Jun 13, 2017 5:43am
Quoting Vape
EU M1 +5 Explaination on chart {image}
Had been stalking that TL for a while, breakout happened during my lunch break, damn
  • #9,335
  • Jun 13, 2017 5:55am Jun 13, 2017 5:55am
Quoting the3mp
{quote} Had been stalking that TL for a while, breakout happened during my lunch break, damn
Those 8 pips u made on cable sure make up for it tho!
  • #9,336
  • Jun 13, 2017 6:09am Jun 13, 2017 6:09am
USDSGD short

failed attempt reason to entry

 

  1. i saw increase bearish activity
  2. break dragon with bearish candle both dragon
  3. dragon was good angle
  4. bearish trend on m5 and m15 chart

reason for failure

 

  1. late entry, i should have enter after dragon cross with bearish candle on the spot
  2. failed to see the coming news event at newyork sesson

Attached Image (click to enlarge)
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  • #9,337
  • Jun 13, 2017 6:16am Jun 13, 2017 6:16am
New PVSRA Scalpers,

I see some are having some difficulty with their entries. I would suggest for those to study the posted charts of Rob, Vape and simjo (just to name a few) as they show and explain in excellent detail how they analyze their entries and exits.

Please keep in mind; the Session and time of day within that session are extremely important to stalk and trade only high momentum PVSRA confirmed signals. As I have posted many times, I suggest for those having difficulties, to watch, learn and trade only one pair paying close attention to its rhythm during active sessions and executing correct entries and exits prior to moving on to other pairs.

Their are many posted charts throughout our thread that depict and explain in great detail the traders mind set as to their reasoning for entries and exits.
For that very reason we have and will always maintain this thread as a COMPLETE PVSRA SCALPING TEXT BOOK as this in many ways, is what separates our thread from most.

Our scalpers go to great lengths donating their valuable time posting their excellent charts and explanations as rarely seen on a FX forum for all to see, study and learn.

Best of Luck to ALL and stay the course
Cigarguy
Keep It Simple
  • #9,338
  • Jun 13, 2017 6:21am Jun 13, 2017 6:21am
Quoting simjo
USDSGD short failed attempt reason to entry i saw increase bearish activity break dragon with bearish candle both dragon dragon was good angle bearish trend on m5 and m15 chart reason for failure late entry, i should have enter after dragon cross with bearish candle on the spot failed to see the coming news event at newyork sesson {image}
Thanks for your honest post and explanation for ALL to learn.....
Keep It Simple
  • #9,339
  • Jun 13, 2017 6:31am Jun 13, 2017 6:31am
Good morning. First of all, sorry for my Portuguese, I'm using Google, I'm from Brazil and I'm still crawling on Forex, but I have the greatest interest in learning, browsing Fx sites, I found this wonderful forum where everyone gives their contributions, I am newbie, I would, if possible, that Mr. Cigarguy would advise me on how to negotiate with PVSRA, which is very interesting, you can say a PDF, VIDEO where I could learn about the System, as inputs, I would be very Grateful. A hug for a good deal for everyone. Celio
  • #9,340
  • Edited 6:53am Jun 13, 2017 6:41am | Edited 6:53am
Quoting cms_silva
Good morning. First of all, sorry for my Portuguese, I'm using Google, I'm from Brazil and I'm still crawling on Forex, but I have the greatest interest in learning, browsing Fx sites, I found this wonderful forum where everyone gives their contributions, I am newbie, I would, if possible, that Mr. Cigarguy would advise me on how to negotiate with PVSRA, which is very interesting, you can say a PDF, VIDEO where I could learn about the System, as inputs, I would be very Grateful. A hug for a good deal for everyone. Celio
Welcome cms silva,

Scalping our system is a journey and their are no short cuts. All here have started at Post 1 and studied the many posted charts and explanations provided throughout our thread. Most here are willing to help with RELEVANT QUESTIONS but all must do their own homework and dedicate their time to learn and practice our system or any other.

We do not emphasize the use of many useless indicators but we focus on learning to trade with the market makers and their high momentum trades. It takes some time and study to learn how the market works and how to identify confirmed PVSRA entries and understanding the importance of how the MM's trade key levels as S & R.

Quoted from Post 9337;
"Their are many posted charts throughout our thread that depict and explain in great detail the traders mind set as to their reasoning for entries and exits.
For that very reason we have and will always maintain this thread as a COMPLETE PVSRA SCALPING TEXT BOOK as this in many ways, is what separates our thread from most."

Stay GREEN and keep it simple....
CG
Keep It Simple
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