UJ M5 3.8 pips
Greetings bros at PVSRA! This is my scalp attempt in M5! In a nutshell, Keep It Simple men!
UJ M5 3.8 pips
Greetings bros at PVSRA! This is my scalp attempt in M5! In a nutshell, Keep It Simple men!
Amazing partner thanks to this advice, Trading program and MM are important for any trader of course, I usually trade longer duration together with TDI and CSM which is why it's there, however as I have more time on my hands I mentioned I'll give scalping a go, with little risk of course.
M1 appears to be somewhat to much sound for me personally, I'll take your advice and focus on a single egy, thank you for your help mate.
-Canning
Quick answer, since I am in brief offline. Don't take to a lot of matters in account you'll find no more secure trade. You won't ever get this.
This for sure a great entry model. I trade away from dragon in M5 and finetune it in M1. You can trade many scenarios for this, look just what vape is great doing using it. It is something which you must pick, something you're familiar with. In the beginning is good to master 1 entry model and focus on it. This is my advice.
I'm happy with my way commerce pvsra away from dragon and this is much more my comfort zone. Remember build a trading plan and risk management.
Greets
Michael
Hi Cigarguy, and fellow scalpers. Stumbled upon this thread while trying to loe volume indiors, some thing which I use heavily in futures trading, but appears to be blown off in Forex due to it not being centralized as I understand.
Anyways I had a go at your template and wanted to place my trade, comments appreciated .
Brief GU 5M 20 pips (2 transactions)
Price rejection at half level with high action. . .retrace to 'dragon' then broke the half level with high action. Waited for retrace to dragon then entered break as soon as bar went red for high action. FIFO as I believe the move is exhausted for today.
I'm going to ask some questions here in order to make sure im understanding right, there is lots of stuff im reading to the PVSRA ribbon, and this thread seems more to be illuions. Firstly, from what I gather one of the greatest ways to exchange this is to recognize a trend through LO/NYO, wait for consolidation in levels/dragon and then inputting a continuation break preferably with volume. The PVA colors do not indie buy or market volume, so it is making sure your on the ideal side when the volume increases. Is this right?
Thank you for your patience and time, hopefully I do not set anyone off with newbie queries.
Green pips all .
-Canning
Rays,
Wisely utilized self control, a number of other opportunities will develop
You might be correct...
Statistics demone that the dragon might act sometimes as S/R and frequently PA is repelled from and attracted to the dragon. . However the market is inefficient but very powerful and does anything it wants or takes to collect money...
Bear in Mind the (overal) Price action at or around key amounts (i.e. whole, half, quarters and 10 and 5 lvls) from the present and beyond, are more significant than the dragon itself...
May your trip be a delight to travel
Notable rest of M1 dragon
GU south 6p
The composite person may be tipsy on friday at these afterhours ...
be cautious and remain secure
USDJPY M1 5PIPS LONG
Very typical engulfing pattern
- PA was bullish for the previous 2 hours on the hourly chart
- A red candle with noteworthy volume failed to split the 200EMA. A green candle then with a much bigger volume also failed to split the 200EMA, hence making a normal engulfing pattern
- that I waited to get a retrace back into the 200EMA and entered
Got my target when PA made double shoulders with the prior large and exited easily.
Really thread we've got here. I must this state. Rob is back and vape have made amazing detailed explanations. All the others do good work in assisting the new ones. It is the thread with most valuable informations around scalping with Volume, Levels and MAs.
I've switch my focus now more to exchange without the resources, posting charts in my own thread, since that's no more pvsra style.
PVSRA with CG has been on my way a great aid and thanks to this thread I am today trading.
Before I come back again to pvsra I had been close to cancel my account and run away from trading.