"The Heart is the hub of all dances; go there and chill out"
I am interested to know how you trade. Is anywhere a detailed description of how you trade on this thread?
Dislikedi still scalp m/l the same way that i have described in this thread, but my trading has evolved and often I am scalping to get the best entry into a swing or position trade. Also, I don't just trade e/u anymore, but have embraced lots of other pairs and futures... Variety is good.
Currently I am tying to map and automate some of the ways that I trade. Slow going. I hope to be able to hire a math/computer whiz this coming year to help out with turning some of the ideas I have into useful trading algorithms and charting tools.
If you go through...Ignored
I have one question for, are you still making 4% a day with this system?
I thank you in advance.
Dislikeda better approach to trading involves constraining losses to daily, weekly, monthly maxima. By all means seek maximum yield - but do so with a disciplined approach to loss control and you may prosper.Ignored
Dislikedsince i am looking at multiple tf's simultaneously the completion of candles does not necessarily mean that much to meIgnored
DislikedHey Fool, moved to M15 more range / trend swing style and been profitable with very few losers for approx 3months.
Good to see your still kicking around dude.Ignored
DislikedDo you mind articulate a bit more about multiple TF?
Dislikedi continually try to exploit wave patterns that often show up in price action. some of these are discernable in a higher tf, not so in a lower - or vice versa. There are waves within waves - theres a fractal characteristic of recurring patterns that can be exploited. i look for confluences in those wave patterns...
You see the e/u is going up and you want to go long. you need a good entry. if you will look at multiple tf's you may see a pullback on m5, also on m1 you see it better, then if you zoom in even closer to 10s you may see a little...Ignored
Dislikedhey man, yeah i think i noticed in your posts somewhere you were swingin more.
Yup I still have the 10s chart running but I am really looking for trades that have a chance of running into good returns. I will still take the 5-pip winners if thats all a range is giving up th ough ... and if they're easy.
I had to deal with overtrading like most scalpers do - also you have to find some methods that you can live with over time - and manually scalping on the M1 just takes its toll in stress/boredom. Plus the more trades you do the more chances you...Ignored
DislikedI think the above comment are unfair.
The Fool had the stomach (the balls) in trying, not only for himself but for the others as well.
4% in day? We do not know if he does it or not . But that is not the point.
The point is that he tried when all the odd were against him. The most important lesson that he wanted to give us I think (I only read the first page of thread, but when I ask him to clarify, he was there.) was this:
You can do a lot if you wish.
I have his trading plan on my desk and I find it very helpful for my trading and for...Ignored
I think the comment was taken a bit out of context.
Why someone would come into a thread just to shit on it, with no constructive comments, I don't understand.
I've met TF personally. He's a straight shooter & knowledgeable trader.Ignored