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Sharing scalping templates that actually work

  • #201
  • Jan 9, 2020 10:03am Jan 9, 2020 10:03am
Quoting lddd
{quote} I would like to trade the london open only for a couple of hours (maybe until NY opens). Investing less time needed to make a living. At best where i only have to focus on one market. I tried different manual trading strategies over the years all with not much long term success. I even have more success with a stupid martin gale going profitable for already 5 years on complete auto pilot but i understand the risk and don´t want to do that with trading 1 Lot on a higher funded account So.... if anyone could help me with finding that "something"...

Look at usdchf 5m today for example.

Nice range before UK open and even continues near US open, that´s when you have a BO.
Note that inside the range you have the mas crossing to the bearish side.

So, this is a trade possibility. Find your way, your style. But need dedication a little work.

Hope I can help you.
Uncertainty of the market must be embraced and accepted.
  • #202
  • Jan 9, 2020 10:52am Jan 9, 2020 10:52am
Quoting slb
{quote} Look at usdchf 5m today for example. Nice range before UK open and even continues near US open, that´s when you have a BO. Note that inside the range you have the mas crossing to the bearish side. So, this is a trade possibility. Find your way, your style. But need dedication a little work. Hope I can help you.
Thanks for the example. Well what I am looking for is more like a fixed routine including a strategy and a trade plan for I can learn and repeat. There is nothing wrong for me with putting in hours or watching charts and improving / gaining experience but if you not even know what to focus on that won’t help a lot.

That’s why I am looking for a „simple“ strategy that will work with just one market/chart I can open each morning at London open and if there is a signal fine, if not i shut down and wait for the next day.

I am not sure if something like that exists but that’s why I am asking. I don’t want to deal with too many variables of ifs and maybes.

Maybe the London breakout strategy is something fitting for me but I searched the web and there are also tons of different strategy explanations for that all with different indicators and different entry exit criteria.

I also don’t hunt for a huge amount of pips or having to open a dozens of trades each day. I want something simple like 1-2 possible trades per day where I can have not auch a huge stop loss maybe 10-20 pips giving at least the opportunity to a risk reward of 1:2 so 20-40 pips on average as a profit target for such trades. If I am 20 pips on profit by the end of the week I would already be happy as this would mean a $200 per week and if it’s a los of $200 that would be fine too but it should at least offer a good probability / some edge so I find enough positive setups after a period of draw down again to recover from those losses again and maybe able to withdraw some money by the end of the month.
  • #203
  • Jan 9, 2020 11:12am Jan 9, 2020 11:12am
Quoting lddd
{quote} Thanks for the example. Well what I am looking for is more like a fixed routine including a strategy and a trade plan for I can learn and repeat. There is nothing wrong for me with putting in hours or watching charts and improving / gaining experience but if you not even know what to focus on that won’t help a lot. That’s why I am looking for a „simple“ strategy that will work with just one market/chart I can open each morning at London open and if there is a signal fine, if not i shut down and wait for the next day. I am not sure if something...

Please, do not get me wrong. It´s just my opinion.
But the game is just the opposite.

We cannot require pre-determined conditions daily that satisfy our desires.
We can only accept what the market can give us, good or bad.

Cheers
Uncertainty of the market must be embraced and accepted.
  • #204
  • Jan 9, 2020 11:17am Jan 9, 2020 11:17am
Quoting lddd
{quote} I even have more success with a stupid martin gale going profitable for already 5 years on complete auto pilot but i understand the risk and don´t want to do that with trading 1 Lot on a higher funded account So.... if anyone could help me with finding that "something" which is tested and proven to work over time.
If it was profitable on autopilot for 5 years then retry using that system again but just double the funded capital and half the lot size. Hopefully it should be profitable for 10 years this time.
CVMForex OF All Time Return: na
  • #205
  • Jan 9, 2020 1:06pm Jan 9, 2020 1:06pm
Quoting aa33030
{quote} If it was profitable on autopilot for 5 years then retry using that system again but just double the funded capital and half the lot size. Hopefully it should be profitable for 10 years this time.
I already withdrawn my initial investment long time ago and it’s a free game since there but I don’t want to add more capital again as the drawdown recently went quiet high. It was 4 years under 10% with a 2-3% return on average per month which is ok but now drawdown is 35% and I don’t want to add more money with that increased risk only for a 2-3% per month.

I want to achieve a 2-3% month with something I can trade manually like said preferable between London open and New York close where I have better risk control, tighter stop loss but without having to look at multiple markets or having to scan through to
many possible entry setups.
  • #206
  • Jan 9, 2020 1:20pm Jan 9, 2020 1:20pm
Quoting slb
{quote} Please, do not get me wrong. It´s just my opinion. But the game is just the opposite. We cannot require pre-determined conditions daily that satisfy our desires. We can only accept what the market can give us, good or bad. Cheers
I know. But aren’t there traders focusing on just one market and still doing good enough from it? I don’t expect the right market condition for e.g on EUR/USD every day between my trading times but I guess at least 3 scalping trades could be expected per week on a shorter time frame with the potential to end up positive by the end of a month without having to scan for setups on multiple other currency pairs at the same time.

I also don’t have problems with looking on multiple markets every day if one is just not enough but waiting for that right type of market condition also sounds quiet ironical to me. I mean how do we know that NOW is the right market condition, you enter a trade because you think it’s right and just there market condition changes, there is mi guarantee for it as well right, so...
  • #207
  • Jan 9, 2020 2:14pm Jan 9, 2020 2:14pm
iddd - there is a largely mechanical system that might meet your needs at https://www.forexfactory.com/showthread.php?t=969238
  • #208
  • Jan 10, 2020 12:21pm Jan 10, 2020 12:21pm
Quoting AltosTrader
iddd - there is a largely mechanical system that might meet your needs at https://www.forexfactory.com/showthread.php?t=969238
Well this one comes even with more lagging indicators flooding a chart with tons of fancy things. I don’t think any professional trader would ever use something like that to maintain consistent success but that’s just my opinion.
  • #209
  • Jan 10, 2020 12:51pm Jan 10, 2020 12:51pm
You know guys, one has to identify a system or strategy whereby when a set of circumstances appears or comes together and more often then not results in a winning trade and then ONLY trade that circumstance. If you don't see it today, there's always tomorrow! Don't be enticed or deceived by the market into trading 50/50 opportunities. I mean if I look at the charts right now, I can probably see two or three "good" opportunities but are they really good? The market, the banks and your broker wants you to trade as often as possible!
  • #210
  • Jan 14, 2020 9:45am Jan 14, 2020 9:45am
Attached Image (click to enlarge)
Click to Enlarge Name: 200EMA .JPG Size: 131 KB


https://www.google.com/search?q=SCAL...hrome&ie=UTF-8
  • #211
  • Jan 14, 2020 9:58am Jan 14, 2020 9:58am
Quoting dingoman-two
{image} https://www.google.com/search?q=scal...hrome&ie=utf-8

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  • #212
  • Jan 14, 2020 10:27am Jan 14, 2020 10:27am
Quoting dingoman-two
{quote} {image}
Attached Image (click to enlarge)
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  • #213
  • Jan 14, 2020 11:03am Jan 14, 2020 11:03am
Quoting dingoman-two
{quote} {image}

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  • #214
  • Jan 15, 2020 5:12am Jan 15, 2020 5:12am
Quoting Dingoman-two
{quote} {image}

Beautiful 30 + pips
Attached Image (click to enlarge)
Click to Enlarge Name: whINCHA .JPG Size: 120 KB
  • #215
  • Jan 15, 2020 5:18am Jan 15, 2020 5:18am
Quoting Dingoman-two
{quote} Beautiful 30 + pips {image}
GBP/USD

Attached Image (click to enlarge)
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not so good
  • #216
  • Jan 15, 2020 12:03pm Jan 15, 2020 12:03pm
Quoting Dingoman-two
{quote} Beautiful 30 + pips {image}
A Continuation



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  • #217
  • Jan 15, 2020 12:31pm Jan 15, 2020 12:31pm
Quoting Dingoman-two
{quote} A Continuation {image}

It all helps

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  • #218
  • Edited 8:57pm Jan 17, 2020 8:43pm | Edited 8:57pm
Quoting Dingoman-two
{quote} It all helps {image}
50 + pips

Attached Image (click to enlarge)
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  • #219
  • Jan 18, 2020 1:49pm Jan 18, 2020 1:49pm
4.5 pips on h1
Attached Image (click to enlarge)
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CVMForex OF All Time Return: na
  • #220
  • Edited 7:13pm Jan 18, 2020 7:01pm | Edited 7:13pm
Quoting aa33030
4.5 pips on h1 {image}
The pip range really depends on where the individual looks from then to,

I go from the daily high to the daily low and that gives me exactly 56.1 pips.

https://getknowtrading.com/eur-usd-v...age-pip-range/

Attached File(s)
File Type: ex4 ADR_PLUS.ex4   176 KB | 286 downloads


Attached Image (click to enlarge)
Click to Enlarge Name: 56.1pips pA .JPG Size: 164 KB
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