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- mtc235 replied Jun 12, 2012
Pinbar, On my chart the close is below both the Weekly and Daily LCR or HCS lines, but maybe I didn't draw the lines correctly. Thanks for posting charts showing where the lines show go. Thanks. It's great to be here learning. MTC
james16 Chart Thread
- mtc235 replied Jun 11, 2012
How am I doing? — Hi everybody, I've been reading all over this thread for a while. Decided it's time to post a trade. All comments are welcome. image Do I have to upload an image to somewhere else before I can embed it, as I did this time ...
james16 Chart Thread
- mtc235 replied Apr 25, 2012
Yes, it's called Money Management. And since it is the key, is it possible for you offer a bit of advice about it, based on your experience? Did you go through a lot of trial and error, and what did you learn from that? Or did you just calculate it ...
Scalping 20+ trades per day
- mtc235 replied Apr 25, 2012
I've been profitable with your approach for 2 months. However, I still am not confident that I'm not going to lose it all in one trade. You said you sell off the first entries in order to keep entering, to continue to raise the average. However, if ...
Scalping 20+ trades per day
- mtc235 replied Apr 3, 2012
Thanks for confirming that 100:1 is better for this approach. It helps explain some of the money management challenges. It will take some time for me to refine it. Thanks, MTC
Scalping 20+ trades per day
- mtc235 replied Mar 30, 2012
This was very helpful. Thank you. I enter about every 30 pips, so it doesn't build up too fast. But now I think I need to make my Lot size smaller to cover more entries, which means very little profit. In the U.S we can no longer trade with 1:100 ...
Scalping 20+ trades per day
- mtc235 replied Mar 28, 2012
How much worse can you handle trades going against you? Do you determine a lot size compared to your account size in a specific way in order to handle it? Thanks, MTC
Scalping 20+ trades per day
- mtc235 replied Mar 27, 2012
majorusa, Have the trades over the last day been like a worst case scenario: entering about 6 times on all 3 pairs at once. So you have to set your Lot size to account size ratio to be able to handle that. Or are you prepared for it to get a lot ...
Scalping 20+ trades per day
- mtc235 replied Mar 21, 2012
I was down about 20 points on my average on 2 trades (short EU & GU, 3 entries each, and yes, I waited 20-30 pips for each addin) when I fell asleep. I woke up in the morning and both were up about +60 on the average. So I ended up with +360 I feel ...
Scalping 20+ trades per day
- mtc235 replied Mar 20, 2012
Thanks! My email is in the PM that I sent. See you in the Trading Room. MTC
Scalping 20+ trades per day
- mtc235 replied Mar 20, 2012
I benefit from your Journal — majorusa, I hope I'm not too late to join your Trading Room. I read all your posts, but only after I close my trades for the day, I check to see how you handled the day to learn what I can do different. So I just ...
Scalping 20+ trades per day
- mtc235 replied Feb 5, 2012
Thanks for getting back to me about this. Yes, your answer was very helpful. Thank you. I am still finding success with this method. My challenge now is, how to build my account when my profits are too small, using a micro account, to build the ...
Scalping 20+ trades per day
- mtc235 replied Jan 6, 2012
majorusa, I discovered your journal a few days after you posted your last trade, the beginning of December. I have been successful in using this method for the last 5 weeks. The longer this goes on, the more fearful I'm becoming that I don't have an ...
Scalping 20+ trades per day
- mtc235 replied Nov 4, 2011
Jarroo, Thanks for the clarification about looking for these on the Swing Highs and Lows. You've given lots of good info to keep practicing with. You're right, this is an awesome thread!
james16 Chart ThreadMTC
- mtc235 replied Nov 3, 2011
I'm new here. But I have figured out that HCR = highest close of resistance LCS = Lowest close of support These terms often refer to the same resistance/support line as price breaks through and flips to the opposite effect.
james16 Chart Thread
- mtc235 replied Nov 3, 2011
EurJpy Daily — I'm trying to understand entries. I'm buying the EurJpy on bounce off the HCR turned LCS. I did it one time, closing the first Lot at +52, the second Lot stopped out at BE. The set up still looked good, so I bought again on the ...
james16 Chart Thread
- mtc235 replied Oct 31, 2011
I've been using the time to continue reading this very long discussion. It's resulting in my method becoming more and more complicated, J16's approach plus Jarroo's approach, etc. The problem with patience is keeping it simple when you have so much ...
james16 Chart Thread
- mtc235 replied Oct 31, 2011
Jarros method — I've been following J16 for only a few weeks, using Fib. and trendlines with price action as discussed at the beginning of this thread. Where can I get the beginning of the discussion about Jarroo's method? It looks ...
james16 Chart Thread
- mtc235 replied Oct 24, 2011
Mike, Thanks for the fresh perspective. I wanted to buy when the current candle passed the previous one. The 4hr chart would have given more confirmation. This is a great forum. I'm appreciating all the contributors. Thanks again. MTC
james16 Chart Thread