1M & 5M Scalping System (Scalping Paradise) 21 replies
Simple Scalping System 64 replies
xPip Simple Scalping 27 replies
Dislikedhere's a possible explanation but i'm not claiming this is what actually happened:
during slow trading hours market makers can make traps for retail traders by price manipulation. the tick up (in red circle) could be manufactured by money makers and trigger buy signal for retail traders, as soon as traders bought money makers could drive prices down by 7 or so pips to scare shit out of traders and make them sell. here's a good video with some explanation of money makers manipulations http://youtube.com/watch?v=RZQJyBJKr6U
i dont really know much about how money makers scalp but anyone who's interested in the subject could share their views. thanks
*updated*: the reason i posted this screenshot in the first place is because this is a hi-prob setup that failed, isnt it? eventually it went up as it was supposed to but made a trick before the moveIgnored
I could post up some great trades today and look like a genius but the truth is that for the last couple of days the poor trades have outweighed the good ones. I am going to sit on my hands for awhile and reread the wisdom of LTs ebook and the Mantra and figure out some way to train my dog to bite me every time I try to trade before the retrace on a breakout or perhaps reading the ebook to my 3 year old daughter and getting her to trade for me.LOL.
Guess what I just missed a great breakout, I hope I can catch the retrace.Ignored
DislikedI normally trade the USD/JPY but it is being rather lethargic. So I gave the Eur/Jpy a try.
I tried trading the spine breakout. Is that what it is called? Didn't work
I got very greedy, didn't settle for 10 pips.
Edit: Finally got the pic up. Please critique and thanks.Ignored
DislikedDid you look for it to break 160.27? Thats the previous low.Ignored
Dislikedwow you let a trade run 20 pips against you but then exit when it goes like 2 pips in the other direction ?
but hey first one isnt badIgnored