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Predator Fx 58 Scalping

  • #41
  • Jul 11, 2017 8:24pm Jul 11, 2017 8:24pm
Look for trading opportunities from Barry support and resistance. post your findings and lets evaluate here...So all the silent viewers i can't help unless there are postings made...
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  • #42
  • Jul 12, 2017 4:57am Jul 12, 2017 4:57am
Quoting PrinceJ58
What is the recommended pip amount per asset or in general? What is the recommended time-frame? Recommend assets?
Scalping means below the target of 30 pips! In addition, according to me M30 is the most suitable time frame for scalping trading! By the way, don’t forget to use short SL in your scalping trading.
  • #43
  • Jul 12, 2017 6:28am Jul 12, 2017 6:28am
Quoting NeilWagner
{quote} Scalping means below the target of 30 pips! In addition, according to me M30 is the most suitable time frame for scalping trading! By the way, dont forget to use short SL in your scalping trading.
Thanks for the recommendations i have noted this...
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  • #44
  • Jul 12, 2017 9:51am Jul 12, 2017 9:51am
When the scalper picks up the trade...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Scalper.png Size: 47 KB
Click to Enlarge Name: Scalper 2.png Size: 40 KB
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  • #45
  • Jul 12, 2017 10:07am Jul 12, 2017 10:07am
Quoting PrinceJ58
When the scalper picks up the trade... {image} {image}
Pls can you share your indicators so we can download. Thanks
  • #46
  • Jul 12, 2017 10:43am Jul 12, 2017 10:43am
Quoting dexterous
{quote} Pls can you share your indicators so we can download. Thanks
Welcome a board dexterous, I hope you are well, ensure to do your research which will help you to try and formulate a way in using these indicators for breakout. Breakouts, yes this is all i trade, just break outs. There is no holy grail, one indicator can't just make you win, but its the concept you bring to using it, that can make a huge difference, so probably a mistake can make you rich, so try every and anything to approach your decision making, look back in the chart and try to identify similarities and repetitions that you observe and like, post it here.

Breakouts can be:

  1. long term
  2. medium term
  3. short term

Attached File(s)
File Type: mq4 Support and Resistance (Barry).mq4   2 KB | 365 downloads
File Type: mq4 support-and-resistance-mtf.mq4   21 KB | 434 downloads
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  • #47
  • Jul 12, 2017 11:34am Jul 12, 2017 11:34am
Scalpers it can be done...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Good Day so far....png Size: 112 KB
Click to Enlarge Name: Overall good Day.png Size: 48 KB
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  • #48
  • Jul 12, 2017 11:52pm Jul 12, 2017 11:52pm
When price breaks and close above or below barry support and resistance area, look to trade in the direction, aim for 10-30 pips depending on asset same for stop loss...Trailing stop by 20 pips.

Time frame m5 upward depending on your risk appetite stop-loss is should be good...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Barry support and resistance.png Size: 82 KB
Click to Enlarge Name: support resistance barry.png Size: 18 KB
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  • #49
  • Jul 13, 2017 10:27am Jul 13, 2017 10:27am
Hello Prince,

could you explain us the 2 EMA canals you are using on this screenshot please ?
The yellow is EMA12 ?

https://www.forexfactory.com/attachm...3&d=1499871076

Do you use mostly the cross of this 2 Canals to confirm a micro trend ? on H1 & H4 always ? even for scalping on 1mn ?

Thanks for your precisions,

LS
  • #50
  • Jul 13, 2017 11:26am Jul 13, 2017 11:26am
Quoting PrinceJ58
When price breaks and close above or below barry support and resistance area, look to trade in the direction, aim for 10-30 pips depending on asset same for stop loss...Trailing stop by 20 pips. Time frame m5 upward depending on your risk appetite stop-loss is should be good... {image} {image}
Thank you very much.
  • #51
  • Jul 13, 2017 5:12pm Jul 13, 2017 5:12pm
Quoting NeilWagner
{quote} Scalping means below the target of 30 pips! In addition, according to me M30 is the most suitable time frame for scalping trading! By the way, dont forget to use short SL in your scalping trading.
NO !! .. Use longer TimeFrames (1h/4H, whatever you want) and set the Target within the average range of the candles so your Take Profit gets hit; use a high probability entry and you are set

works everytime and the hit rate its beyond the roof !!

"oh but you are leaving pips on the table, bla bla bla *noob talk and theory" YES its true, but practically always the TP gets hit..

and thats not the point of trading??

  • #52
  • Edited 11:18am Jul 15, 2017 11:06am | Edited 11:18am
Quoting havo
{quote} NO !! .. Use longer TimeFrames (1h/4H, whatever you want) and set the Target within the average range of the candles so your Take Profit gets hit; use a high probability entry and you are set works everytime and the hit rate its beyond the roof !! "oh but you are leaving pips on the table, bla bla bla *noob talk and theory" YES its true, but practically always the TP gets hit.. and thats not the point of trading??
I believe all or anytime frame can be used. But the Average Range of the candles is something good.

Yes making and keeping profits is the main aim. Rinse and repeat as they say.
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  • #53
  • Jul 15, 2017 11:11am Jul 15, 2017 11:11am
it is amazing
  • #54
  • Jul 15, 2017 11:11am Jul 15, 2017 11:11am
Trading week across all strategies ended in profit after all of those testings. I find that every trader that passes through the threads will look on things with a little twist here and there but stay true to what you want to accomplish and you should be safe and don't be afraid to learn. Learning is the value life brings. When someone does Fail, it is good, since it is the first attempt in learning.
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  • #55
  • Jul 15, 2017 11:13am Jul 15, 2017 11:13am
My time was swamped this week that i could not get to make all the postings I would have wanted to do. But its great when you participate and leave questions they will be answered and it drives direction of the thread as well.
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  • #56
  • Jul 15, 2017 11:17am Jul 15, 2017 11:17am
Good news is scalping can make you profitable. There are always opportunities across all time frames. It just requires a lot more guts to scalp since everything moves so fast either for you or against you. I suggest using a micro account like I do until you have perfected the art.
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  • #57
  • Jul 15, 2017 11:19am Jul 15, 2017 11:19am
Quoting nomatter
it is amazing
Yes it is and as I share more you will be more excited.
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  • #58
  • Jul 15, 2017 11:24am Jul 15, 2017 11:24am
What I dislike are the Casper's and takers who don't add to the work. A response to something is always better than nothing. Any idea relating to the Barry support and resistance for scalping is welcomed as long as it is repetitive across time frames. The Barry support and resistance are new lows and new highs calculated by the fractals. Play around identifying moves that you would want to catch and try to identify similarities in oscillators like RSI, CCI and stochastic, you can try emas and macd too. Just those I have been testing.
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  • #59
  • Jul 15, 2017 11:28am Jul 15, 2017 11:28am
Add RSI 14-50 level and RSI 4- 70 & 30. You search for the rest of info on the other indicators and post here, the RSI settings are enough to make profits consistently though. Post charts preferably with comments below or on the chart Cheers. Next week you will make profits guaranteed. This is one give away hint hint.
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  • #60
  • Jul 15, 2017 11:35am Jul 15, 2017 11:35am
Can any one formulate api for binary.com the service I believe is free. Unlimited expiry and I would love to grow a binary account as my fired account grows. So someone can formulate best expiry for the binary trading of the breakouts across the timeframes. Which ever timeframe makes you comfortable. You guys are in for a treat.
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