PVSRA Scalping with Cigarguy -
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thread: PVSRA Scalping with Cigarguy

  1. #341
    EURJPY M1 5PIPS LONG

    Break of the 130.750 key level using a green candle and also noteworthy volume.
    I waited for a retrace and also entered.
    Got my target and exited readily.

  2. #342
    USDCAD M1 , 3 transactions total of 15PIPS LONG

    Engulfing pattern.
    I opened 2 transactions and opened 1 more transaction once PA went back to Dragon. 5 pips total of 15, for each transaction pips.

  3. #343
    Trade #2 | EU 1M | 0.40 size | 0 | = 0 Euro

    This is what I saw:

    - Price making lower highs. New lows are being created out of reddish volume candles, indiing strength (?)
    - Split of 1.19750 using a purple volume candle
    - I waited for the retrace and saw a reddish volume candle in the dragon
    - I entered and it went my way instantly, however it appeared that a little M1 support was constructing beneath my goal (SL previously red candle at summit / TP under purple volume candle using the wick, just 5 pips) and then I looked into the left and realized that maybe this is a solid support because there was a volume candle using a long wick. I thought price won't be able to split it, so from fear, I place my SL in breakeven.
    - Much like my trade #1, as soon as I exit, it goes directly to my goal inside few minutes. Unlucky me again.

    That I am not sure whether I should start placing trades to BE, but because I'm still not 100% convinced with this manner of investing, my emotions take over. After my TP would have been struck, price instantly reverses. In the end, there was a strong service to the left. Any comments is appreciated.


  4. #344
    quote Uhmm. But isn't also because you're getting the 1st hour of the London session? Looking at your time, it's 8:46 am. It is normal to have those jumps throughout that moment.
    Thanks for the reply Rob.

    It was roughly 23 minutes following London Open. How much can this issue and what could it mean to us PVSRA traders? This makes me uncertain how to perform this. Maybe entering immediately if it's around a new session available and if not, perhaps wait for retrace? I am aware this is generally speaking, however up to now I have realized it sometimes work, sometimes not. Rather than gambling which will feel like 50/50 to me, is there any variable I could think about to assist me making my decision easier?

  5. #345
    Something I am trying to know is, should I wait for a retrace or when anything speaks against entering instantly. EU M1 broke 1.20000 level with a solid green quantity candle. 1 moment later, it attained 5 pips TP. The reason why I did not enter is that it's been pushing strongly greater the previous 40 mins plus a retrace might happen, which didn't. I guess the chances for a retrace is by far less if the distance between the price and dragon is comparatively close? Any suggestions? image
    Uhmm. But isn't too because you're becoming the 1st hour of the London session? Looking at your time, it is 8:46 am.
    It is normal to have those jumps throughout that moment.

  6. #346
    One thing I am trying to understand is, even if I wait for a retrace or if something speaks against entering immediately.

    EU M1 broke 1.20000 level with a strong green volume candle. One minute after, it reached 5 pips TP. The reason I didn't enter is that it's been pushing strongly higher the previous 40 mins and a retrace could happen, which did not.

    I guess the chances of a retrace is by much less if the space between the price and dragon is comparatively close? Any suggestions?


  7. #347
    Hi guys,

    my very first trade I post here and more to come because I am truly looking to master this. I have been reading through this thread many times, took notes, demo traded, tested and attempted to comprehend this the last few weeks. Now it's time to put my training to check.

    I will post each transaction I take, regardless if it's a win or loss because the feedback I will hopefully receive will mean a lot to me in order to learn from it. I'll also post every thing in detail regarding my commerce, like my thoughts, what I found, why I managed my trade that way, what I felt, where my SL and TP had been, just how much I gained and lost in Euro, etc..

    The reason being is in order to self-reflect, to be strict about myself, to diminish errors and also to improve my trading. Other stats like financial gain are largely for me personally, but I have no problem sharing it.

    As time passes, my reviews will improve - I will add and/or remove some things to have a cleaner summary of my commerce review. I'll also wait few minutes before taking a screenshot of my chart after I exit my transaction in order to see the aftermath and also to judge if my forecast was correct to exit at that specific moment. Without further ado, here is my first recap:

    Trade #1 | EU 1M | 0.40 size | 8.8 pips | = 8.61 Euro

    - I saw that price rallied higher, breaking past highs, then reaching the 1.19750 level
    - Split of this level with volume
    - Retrace back to Dragon. I waited for a push and was able to grab a green volume candle, I then entered. SL under the last non, TP is in the same level as the last high that's marked with a green volume candle which is just 5 pips.
    - Price moved gradually upward, but hardly without DD. After I understood the price struggles pushing higher, I was afraid giving up my profits and made a decision to shut 0.35 and place the remainder to break even. Two seconds after I closed, price pushed quickly higher, reaching my TP, but I chose to leave the remainder running as much as possible.
    - Then my very last exit was in the highs, as I understood there were two volume candles not able to drive higher. In accore with robmagario (thank you for the great videos!) We'd have a potential double shoulder. To be secure, I exited the remainder instead of letting it run.

    The aftermath: price made a fast spike higher, roughly 4 pips and then return close to my entry.

    Feedback is always appreciated. Thank you for everybody who contributes here and made it possible for new traders, like me, to profit from your knowledge and your own time. A large thank you to for sharing his expertise and also to begin this whole thread. I love you guys a lot.



    Ray

    PS: When the chart is too small, kindly allow me to know in order to zoom in next time.

  8. #348
    USDJPY M1 -5PIPS SHORT

    - PA broke the service line that I drew with a red candle and notable volume
    - that I waited for a retrace and entered
    - The trade went against me and struck my SL

  9. #349
    After further researching and testing, I arrived at the conclusion that the quantity part is still confusing me. Some say red/green volume candles are the most important, whilst purple/blue not so much - that I am not sure how true this statement is.

    Some also say that green quantity candle indies bullishness, reddish bearishness, while others say it does not matter as the quantity part is the most important aspect to take into account.

    Besides that, I realized that the loion of these volume candles are extremely important and can indie several distinct things. But which things? I am not sure.

    If I just consider the red/green volume candles, I believe that this is the proper answer (these are just examples). Please confirm if correct or wrong:

    .) Green/red volume candle in a key level that fails to break it, indies that a rejection of the level is probably because with quantity, it was unable to break a certain level.
    .) Green/red volume candles are no sign for buy and sell and has to be set in context.
    .) If a green quantity candle tries breaking a key level (into the upside), neglects to do this and a reddish volume candle looks then (to the disadvantage), is a change impending?

    Thank you for your help!

  10. #350
    quote No, selling in the last high is not an option for me. One thing would be to examine a past chart and analyze it, that is what we're doing right now. Another totally different thing would be to test a chart when it's still being shaped, which is what I did throughout the trade. So, now it creates a lot of sense to sell in the last high, no doubt about it. But while trading, that is not an alternative. To begin with we do not know if that is a fake break for certain because then we might still get by way of instance a green candle that would alter the management of...
    Yes totally understandable. On hindsight, it was easy to say for me, agreed. And you never know what will form when it's live as well.

    I am edued, thanks for the explanation Rob.

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