DislikedDan over at Amp Futures gives a Forex demo in Ninja Trader, and he is very patient with helping you getting it set up. I would personally prefer to get set up in currency futures, however.Ignored
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Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies
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DislikedDan over at Amp Futures gives a Forex demo in Ninja Trader, and he is very patient with helping you getting it set up. I would personally prefer to get set up in currency futures, however.Ignored
DislikedHow's everone doing on this part?
But, since I'm just entering using
Market orders, of course I don't often get zero spread.
Ignored
DislikedI use Ninja demo only few days, but it works really perfect with EFX live data - absolutely no problems, SuperDoM, charts, executions - all fine working.Ignored
DislikedHi Bruno,
and what if you lose in the first trade. Will you make 4% the next day? What if you lose again? Will you make 6% the day after?Ignored
DislikedIt says on their site that it works with MB....
http://www.ninjatrader.com/webnew/tr...okers_data.htm
Am I understanding that right?Ignored
DislikedI am confused now.
LT asked me to mark up the chart to tell him where I thought S/R was and where I "thought" I would enter aggressive scalps. I really don't have any idea on aggressive since I still have some issue with conservative....
But... the original post had the down arrow where I sold (I thought spine looked fine there) and up arrow where I did a manual stop as price broke spine up.
I also posted that a few minutes after this screen shot the price fell like I thought, it was just the punch up through the spine that my 1st question was about.Ignored
DislikedHey Brent,
What I've found is that it all depends on how fast the market is moving. Between midnight and ....Ignored
DislikedIt's almost Midnight and...don't wake up E/J. It's asleep.
(Whispered) thanks for the response to my post, KD. it's just
what i needed to know.Ignored
Dislikedbackinblack
Got it. Thanks. Can I ask when to "STOP DIGGING" if the trader is loosing? It is very difficult for me to stop trading. If I loose in any trade, I become greedy and want to make more money on the next trade. Which usually end up like disaster. Everybody says - no overtrading. What is your limit for the day? Number of trades - or limit of positive balance - or limit of negative balance? V.Ignored
DislikedIf NinjaTrader is available to trade through ECN; that would be ideal for Rainbow scalpers... We can use SuperDOM to manage our trades... More Money...
Hope X-trader, NijaTrader or TradeMaven will be available to Scalp ForEx in the future...Ignored
DislikedI consider limits like a number of trades or such things not a true help overtrading.
This is because in each session you trade the number of good setups (according to your trading methology) should vary as much as 1 to 10.
What i do against overtrading is simply to analyze every single session and every single trade after 1h of trading, then i ask myself if i am still fine and concentrated. Then i continueIf i noticed i did something stupid in the analysis i simply stop!
Ok that is not entirely true, since i love traidng i sometimes have the urge to trade even though i did some stupid things -> I click "change to sub account" and use a smallish account with only a few hundred on it.
So basically i trade there until i feel i am ready to trade with my normal account again ( 1 - 2 good trdes and no overtrading).
Another thing:
Theoreticaly speaking, what you should limit if that is the only way you can stop yourself from overtrading is the amount of pips you lost.
If you would limit the number of pips you should win a day you would increase your monthly variance but not your EV.
If you limit the number of trades you simply change nothing besides that you will still overtrade whenever there are no setup but you will let alot of good setups go on a day with a lot of good ones.
oh and btw. wooohahahaha its alive and it moves with me for the second time :-)Ignored
DislikedWell since EJ doesnt move that much i have alot of time to post ^^
Here a smallish analysis of my last trading hour, perfect example of me being totally unfocused.Ignored
DislikedOpen to say after some screenning time I do not see your second mentioned trade(marked as lack of concentration) as "sure" high probability trade from my point of view(only the first one looks fine for me) . I would enter the first trade from 157.22, the second one too fast for me. Try to watch also tick chart if available. There will be a lot of better opportunities. Yes I am also little angry that I was too late very often, but we want to make only the BEST trades and arrange next year "Rainbow meeting" in Seychelles.
Regarding FIB - I like that too, but I want to take it easy - up, down quick grab some pips, out. Enjoy. Who cares if there is 50% retracement?Ignored
DislikedI use Ninja demo only few days, but it works really perfect with EFX live data - absolutely no problems, SuperDoM, charts, executions - all fine working.Ignored