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Scalping on 1h charts

  • #21
  • Jul 30, 2019 2:13am Jul 30, 2019 2:13am
Quoting CMforex2019
2 trades above are enough for 10 pips. I would like to confirm setting. thank you. Mon.
First one is OK. The second entry is too early -- you have to wait for the current bar to close. The entry should be after 4:00.
  • #22
  • Jul 30, 2019 2:21am Jul 30, 2019 2:21am
Quoting Forexgogo
{quote} When did you enter? At the opening of the current bar? If so, that is a wrong entry.
What's wrong? Sto is not from the bottom?
  • #23
  • Jul 30, 2019 2:24am Jul 30, 2019 2:24am
Quoting CMforex2019
{quote} What's wrong? Sto is not from the bottom?
You must enter AFTER the bar close. Read Post 4.
  • #24
  • Jul 30, 2019 2:55am Jul 30, 2019 2:55am
one more question please, Always You set TP and SL at 20 pips, and manual close it?
  • #25
  • Jul 30, 2019 3:08am Jul 30, 2019 3:08am
I 'm not sure for this one.
1 Body close below EMA50
2. EMA 16 slant down but it above EMA 50
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  • #26
  • Jul 30, 2019 3:13am Jul 30, 2019 3:13am
Quoting CMforex2019
one more question please, Always You set TP and SL at 20 pips, and manual close it?
TP/SL=10pips. However, I usually put SL 20 pips to avoid getting killed by a spike. So, yes I take a loss (10pips) manually.
  • #27
  • Jul 30, 2019 3:41am Jul 30, 2019 3:41am
AJ 10 pips
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  • #28
  • Jul 30, 2019 3:44am Jul 30, 2019 3:44am
Quoting CMforex2019
AJ 10 pips {image}
You got it right! Now, try to win 6 trades out of 10 -- winning rate 60%. You can do it.
  • #29
  • Jul 30, 2019 4:01am Jul 30, 2019 4:01am
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  • #30
  • Jul 30, 2019 4:08am Jul 30, 2019 4:08am
Quoting Forexgogo
{quote} You got it right! Now, try to win 6 trades out of 10 -- winning rate 60%. You can do it.
Great rate mate! Consider it to be one of the top rates... for me 40% is already winning and quite good. But there is no limit for perfection
  • #31
  • Edited 4:53am Jul 30, 2019 4:39am | Edited 4:53am
Quoting JakeBrown
{quote} Great rate mate! Consider it to be one of the top rates... for me 40% is already winning and quite good. But there is no limit for perfection
This method is TP/SL=10 pips. So, you must win more than 50%. Actually, you want to win 7 out of 10 -- 60% is pretty slow to grow the balance.
  • #32
  • Jul 30, 2019 7:36am Jul 30, 2019 7:36am
UCAD H1
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  • #33
  • Jul 30, 2019 7:39am Jul 30, 2019 7:39am
Quoting CMforex2019
UCAD H1 {image}
This entry is wrong. It should be AFTER the current bar closes.
  • #34
  • Jul 30, 2019 9:15am Jul 30, 2019 9:15am
EU trade 4 hrs ago.Hope this set up correct entry.
Thank you for your kind.
Mon.
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  • #35
  • Jul 30, 2019 4:57pm Jul 30, 2019 4:57pm
Quoting CMforex2019
EU trade 4 hrs ago.Hope this set up correct entry. Thank you for your kind. Mon. {image}
This entry is wrong. It should be AFTER the current bar closes. You don't seem to understand "stoc V-turn." I won't comment on your chart again.
  • #36
  • Aug 1, 2019 5:08am Aug 1, 2019 5:08am
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  • #37
  • Aug 6, 2019 6:22pm Aug 6, 2019 6:22pm
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  • #38
  • Aug 7, 2019 10:11pm Aug 7, 2019 10:11pm
which account type and broker are you using? if you don't mind me asking.
  • #39
  • Aug 9, 2019 12:05am Aug 9, 2019 12:05am
tp30 sl20 this one
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  • #40
  • Aug 9, 2019 12:07am Aug 9, 2019 12:07am
Quoting BetterThanU
which account type and broker are you using? if you don't mind me asking.
Oanda, Rakuten, SBI, and GMO (Japanese broker)
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