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Sharing scalping templates that actually work

  • #261
  • Feb 26, 2020 5:56am Feb 26, 2020 5:56am
Quoting KRbella
Hi ,i downloaded all thee templates but my graph looks different , how do i get it to show the white blocks? thanks {image}

HI KR,

The white blocks are just me showing everyone the possible entry points, there nothing my friend

P/S PLEASE READ THE FIRST 10 PAGES OR SO ALL THE ANSWERS ARE THERE.
  • #262
  • Feb 26, 2020 11:32am Feb 26, 2020 11:32am
Quoting Trader1971
Hello all, I have been scalping 7 trades today on the 1 minute chart playing gold. I am currently targeting 15 pips or 150 ticks a time. I use a 800 tick emergency stop in case of load shedding or something unforeseen happens. I felt uncomfortable with the last two buy trades, 20SMA haven't crossed the 200EMA took a chance and killed the one buy trade manually. Will be playing minimum lot size until I can proof to myself consistency. I work full time and have limited time for trading. This is the preferred type of strategy for my personality and...
Done for today. Had one looser today.
Loosing trades are part of this business.
Enjoy!!
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One can live in the shadow of an idea without grasping it.
  • #263
  • Feb 26, 2020 12:33pm Feb 26, 2020 12:33pm
Quoting Trader1971
{quote} Done for today. Had one looser today. Loosing trades are part of this business. Enjoy!! {image}
Excellent T,

Keep it up my friend.

  • #264
  • Feb 28, 2020 5:08am Feb 28, 2020 5:08am
Quoting Dingoman-two
{quote} "NO" My friend, The stop losses are small and are your choice, If you use them, then they can be around the pervious candles high or low I personally dont use them.
If you don't use stop loss, how do you decide to close a losing trade? or may be you hedge your losing trades?
  • #265
  • Feb 28, 2020 5:26am Feb 28, 2020 5:26am
Quoting Jordi
{quote} If you don't use stop loss, how do you decide to close a losing trade? or may be you hedge your losing trades?
Hi Jordi,

If you enter a trade at the right spot the stop losses are not needed,
It takes time to learn though and is not recommended to those who are not experienced.

MY STOP LOSSES IS ME.

  • #266
  • Feb 28, 2020 6:28am Feb 28, 2020 6:28am
Quoting Dingoman-two
{quote}If you enter a trade at the right spot the stop losses are not needed
But bad entries happen, the market is not predictable, especially when trading shorter timeframes.
The question is, what drawdown are you willing to accept, because bad entries *will* happen.
On Aussies thread, I saw that you shorted gold (see image below).
That trade went 50 points against you with a lot size of 5, which would be 3k. Your equity at that time was 10k, so 30% drawdown.
Isn't that a bit too much drawdown for scalping? I mean, gold is currently a long term bull market. What if the trade went even more against you?

Please don't get me wrong, I think it is great what you have achieved. As far as I saw correctly, you tripled your account in a short time.
But often just one bad trade can be enough to blow an account, when no stoploss is in place and we wait for the market to turn.
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  • #267
  • Feb 28, 2020 6:39am Feb 28, 2020 6:39am
Quoting AreAmEye
{quote} But bad entries happen, the market is not predictable, especially when trading shorter timeframes. The question is, what drawdown are you willing to accept, because bad entries *will* happen. On Aussies thread, I saw that you shorted gold (see image below). That trade went 50 points against you with a lot size of 5, which would be 3k. Your equity at that time was 10k, so 30% drawdown. Isn't that a bit too much drawdown for scalping? I mean, gold is currently a long term bull market. What if the trade went even more against you? Please don't...

Very good A,

That has happened a few time this week due to power outages and that has been out of my control, but I have been lucky enough to get through it,

Also you need to try and find the average daily range as soon as possible and if such a trade happens that way,
then your lot sizes should be able to carry you through it all,

Just another way to manage your funds as well as saving your funds.

I also clean my account out about week or so apart and only leaving $10,000.00 in there to start over again

Brian Dingoman-two
  • #269
  • Edited 9:15am Feb 28, 2020 7:22am | Edited 9:15am
Quoting AreAmEye
Hmm, you opened three new trades between the opening and closing of the above trade. I'm sure there would have been enough time to close the trade, if you would have really wanted to limit the risk. But you apparently did not want to, which is totally ok. But the power outage didn't seem to be the reason for it. {image}
HI A,

What i have not explained is the way i hedge some of my trades,
and that is to enter into a trade with the exact amount going in the opposite direction.

It cancels out any further losses, and when the time is right then enter another trade as per your original trade,
Then cancel your second trade when your trade is moving in the direction of the first and third trade.

Or exit your second trade with a small loss if the third trade is not needed.

Bit of a head puck dont you think,
this is the exact reason why i have tried to keep this level of trading away from the newbies.
It would confuse the shit out of them

I have also stated that if you know your Adr then the drawdown should be able to be managed,

And I have also stated that an in-experienced trader should not try and trade without a stop lose,
and should use a stop loses in the way that i have described,

I would never offer/suggest such a trading style to any newbie to use

My style of trading is something that i do not teach, but i do offer to those who want to learn, the same tools that i use.

How they trade and or use these tools that i have suggested is for them to decide,
and has nothing to do with me, and is up to them entirely.

as an example the chart below is what i have told others that this is what they should be doing,
in trying to keep their losses to minimum.

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  • #270
  • Edited 11:02pm Mar 1, 2020 7:29pm | Edited 11:02pm
How many scalps can you see in this 5 minute chart ????????

Attached Image


[quote=Dingoman-two;12784566]How many scalps can you see in this 5 minute chart ???????? {image}[/quote

Same chart just a 1 minute time frame

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[quote=Dingoman-two;12784566]
Quoting Dingoman-two
How many scalps can you see in this 5 minute chart ???????? {image}[/quote Same chart just a 1 minute time frame {image}

Multi Bule quick scalps, can be found here folks,
same chart.

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[quote=Dingoman-two;12784566]
Quoting Dingoman-two
{quote} Multi Bule quick scalps, can be found here folks, same chart. {image}

From A technical analyst point,

Ask yourself what's happening here, ??

Why is it happening,??

Try and work it out, look closely at the candles and the moving averages,

It may not be what you think.

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[quote=Dingoman-two;12784566]
Quoting Dingoman-two
{quote} From A technical analyst point, Ask yourself what's happening here, ?? Why is it happening,?? Try and work it out, look closely at the candles and the moving averages, It may not be what you think. {image}

The market will always try and make you think that one thing is in play,
When the opposite is truer.

Trade wisely folks, herath endeth the lesson.

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  • #271
  • Mar 3, 2020 5:23am Mar 3, 2020 5:23am
Quoting Dingoman-two
How many scalps can you see in this 5 minute chart ???????? {image}
Quoting Dingoman-two
How many scalps can you see in this 5 minute chart ???????? {image}[/quote Same chart just a 1 minute time frame {image}
Quoting Dingoman-two
{quote} Multi Bule quick scalps, can be found here folks, same chart. {image}
Quoting Dingoman-two
{quote} From A technical analyst point, Ask yourself what's happening here, ?? Why is it happening,?? Try and work it out, look closely at the candles and the moving averages, It may not be what you
...

If you are looking for some indicators,
Then please go to my profile and look in the files tab,

You will find heaps of great indicators there.

  • #272
  • Mar 5, 2020 5:42am Mar 5, 2020 5:42am
Quoting Dingoman-two
How many scalps can you see in this 5 minute chart ???????? {image}
Quoting Dingoman-two
How many scalps can you see in this 5 minute chart ???????? {image}[/quote Same chart just a 1 minute time frame {image}
Quoting Dingoman-two
{quote} Multi Bule quick scalps, can be found here folks, same chart. {image}
Quoting Dingoman-two
{quote} From A technical analyst point, Ask yourself what's happening here, ?? Why is it happening,?? Try and work it out, look closely at the candles and the moving averages, It may not be what you
...

Almost perfect scalping setups,
How many can you see
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  • #273
  • Mar 5, 2020 6:44am Mar 5, 2020 6:44am
Quoting Dingoman-two
{quote}{quote}{quote}{quote} Almost perfect scalping setups, How many can you see {image}
Same chart just a different time frame.
Looks cleaner and much more readable.
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  • #274
  • Edited 10:11am Mar 6, 2020 9:37am | Edited 10:11am
Done for today, time to enjoy some wine.
Great weekend to all.
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One can live in the shadow of an idea without grasping it.
  • #275
  • Mar 27, 2020 6:47pm Mar 27, 2020 6:47pm
Anyone looking here or am I wasting my time ??????

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  • #276
  • Mar 27, 2020 6:53pm Mar 27, 2020 6:53pm
you are not wasting your time i am looking on trying to get the hang of it
  • #277
  • Edited 10:24pm Mar 27, 2020 9:45pm | Edited 10:24pm
Quoting furgz1129
you are not wasting your time i am looking on trying to get the hang of it

Cheers my friend, it just gets a bit lonely staring at a blank screen.

One of the best ways to learn is to ask yourself why did it bounce / turn, here,
then look at you levels/indecaters ect, play around with the settings until you are happy with the results.

P/S Don't be shy, If you get stuck, just ask a question, I am here for all the newbies.

Good luck
Brian Dingoman-two
  • #278
  • Mar 29, 2020 9:49pm Mar 29, 2020 9:49pm
Quoting Dingoman-two
Anyone looking here or am I wasting my time ?????? {image}
LETS SEE WHAT WE CAN DO WITH THIS,

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  • #279
  • Mar 30, 2020 2:11pm Mar 30, 2020 2:11pm
yea i understand. sorry you feel like your time is wasted. Im just busy sometimes so dont get to be here as much as i want to
  • #280
  • Mar 30, 2020 2:41pm Mar 30, 2020 2:41pm
Mr Dingo thanks for showing some cards. I hope to reach your level one day!

Respect
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