Thank you Michael,
Good advice....Make a plan and work your plan...
CG
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Thank you Michael,
Good advice....Make a plan and work your plan...
CG
I'm quite grateful to MichaelSch and this thread ,There are many valuable things for me.now I could figure out next week trading program. I have been scalping in my own and this thread provides some learning.
I'm profitable with PVRSA last week but looking to gain confidence. Im continue to get confidence... im still reading thread and analyze all your previous trades..Now I ceased to leap system to system... . . Here is the system what I needed. . Thank you Of YOu... (I have attached my prevous sytems indiors.... I enjoyed its MA...)
https://www.cliqforex.com/attachment...1923566210.rar
I hope ALL have a wonderful relaxing weekend and get ready to bank a few pips following week....
Cigarguy
Sir MichaelSch .... I needed a own scalping trading egy. . I failed on it time. . I could not fix mistakes of this . . I lost more than 1000$... thts why I am searching for a new way.... Please help me to create pips. . Thanks for your kind counsels...
Post your trades once you feel comfortable and many here will help with good advice...
Our thread is about TEAM WORK while making pips. .
CG
Loose cash is the price you must take before get cash out of this market. Nothing wrong about it. You pay for things that you learn about trading. Demo trading is something you stay away from and CG advised you it.
This is a mental thing. Only you can out of trouble here. This is here is just one part of this puzzle. Beside everything you read here you build a cash management that is acceptable for this method as well as you. A plan must be built by you, like million other business must do this work. It's no way as work that is challenging. I know several informations also here on ff.com are so sweet, but will take you on a bad road. You are here and you have the spot to learn scalp the market. You can find.
Begin to research and it requires the time. Trade really smal with actual cash and find out how you are going to get better after a time.
Thank you so much Vape, for submitting numerous trades for us to understand.
I've got a question within this chart.
As I marked in the chart, only after the falling, a bullish candle using noteworthy volume broke 50EMA upward, but minus follow-through along with a small resistance formed under half level.
After that a bearish candle using noteworthy volume broke 50EMA downwards. It seemed that here was a fantastic chance but actually the price then went to be higher than half level. It would be a collapse if I took this chance.
So because of this circumstance, are there any other considerations to not take this transaction or it's simply because losing trades are present?
Thank all contributors here.
All opinions are welcomed.
thank you MichaelSch... this is the trendy tread I hv ever followed. . Im continue readying thead and begin trading... acctualy this is my 1st trading on PVRSA System...
Delete and reinstall both Emas and they are going to appear in addition to this Dragon (50) ema.
Good start. .
Hello czg,
Good spot and what you have said makes sense and could've been a fantastic trade, however, if we check the M5 TF we'll see a gap image.Where you have marked off the area, price does indeed form a bullish candle dividing the dragon with notable volume, followed by a period of consolidation and a bearish candle with notable volume. - Looks like a fantastic short.... But if we check the dragon, we can see its horizontal and actually almost pointing up (over 3 o'clock). Ideally, we wish to be entering the market when the dragon has a fantastic angle 1 / 2 o'clock for a buy and 4 or 4 o'clock for a sell. Check the volume - The notable volume pub is larger than the past notable volume bar. What does this tell us? - Price was really going up (albeit marginally), while volume was falling off. Below the 1/2 level probably a fantastic time to approach. The trade that I took (2nd yellow area), the dragon's angle was pointing down. It appeared to be turning and you could even say it was quite flat/choppy, although it wasn't ideal. Here is the most important - before placing any trades Check M15 and the M5. Usually, the 200/233MA's about the M1 TF will be the dragon/50MA on the M5 (not always, but quite often). The dragon is one of the greatest tools we have. Just see price always reverts back before going off. Cigar guy says something similar, check in which the M5/M15 monster is and trade the M1 chart back onto it. If we look we can observe that while at the dragon we are on the M1, the M5 shows us the following picture which we must take into account. The possibilities were, that price was headed back into the dragon that is M5. At length, the 1/2 degree. Ordinarily, (not always but quite often), if price breaks one of the key levels we look at (1/4, 1/2 Round), it will 'go back for more'. Again, this is something price tends to crack - 8 pips so. Looking at this chart again, this was the first time price had busted through that half degree, so chances were, that it would have dragged back to it before continuing on its journey.
In all honesty, the trade I took wasn't really that great. But, something that Cigar man cites a lot in this thread is feel for your market. This you can't learn by studying or reading charts, but by activley watching how the charts go, because they will do exactly the exact items over and over again. That trade I took had a lot of 'texture' behind it. I didnt just randomly sell because I thought price would go down, but by viewing price was going ahead, helped make your choice.
PVSRA is about interpreting HTMRW and joining the MM's after they shown us what they are around. MM's job for banks, hedge funds, so we'd expect these to be men and women. But throughout the day, they leave us clues and constantly show us what they are doing, its our job to take a seat and await the obvious clues and take just a bit of the own money.
Heres the chart - Hope that this helps GL
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