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Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies
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Loading Templates 2 replies
Disliked{quote} In this example we use the stochastic cross and the macd for direction. So we go down! Is that correct?Ignored
DislikedHi Brian, thanks for sharing, you and your knowledge are appreciated! I'm still learning and working through all the information. From a fellow Aussie in Brisbane. Cheers JulieIgnored
DislikedHeya, came to this thread thanks to your reply Read all 15 pages. Will start with some backtesting and try to figure out which EMA will work for me. Thank you for all your effort and tips. Will post some chart pictures to control if entries are correct.Ignored
Disliked{quote} Welcome my friend and all is good, Just post what you are doing and I will help if I canIgnored
Disliked{quote} put some work and effort in EUR USD (15m). Arrow up = LONG Arrow down = SHORT I would take entries like described. I know that rule is when the price is above EMA 200 = long, when the price is under EMA 200=short but taking into consideration also S/R levels. For the entry I took min. 2 conditions: sharp indication up or down in Sto / touch with EMA / touch with support or resistance / candle formation If there was a cross of both EMAs. it was a strong signal to sell or buy. Also in the moment I am doing this there is a possible long signal...Ignored
Disliked{quote} That can work for you my friend, If you like take a look at the one min chart, and change the 20 ema to 10, the change the 200 ema to lwma. Just to see a better view of a scalper, also the one min chart will move a lot quicker and the chart patterns will come around a lot more often, All of this should help you to learn faster as well. GOOD LUCK p/s also you could add this below to your one min chart https://www.mql5.com/en/code/26057?u...ce=mt4terminal...Ignored
Disliked{quote} Thank you Dingo. Well, in my 15min chart I already put the 200 ema with lwma setting (like you showed on the first page in the screenshots with settings) However, tested in the 1m and 5m with 10ema and 200 ema (lwma setting). I must say that I do not like the 1m so much, its fine to see price action but losing myself there with wrong and weak SR levels. Also got lot more entries but also lot more mini trades (profit of under 10 pips). But yes I agree that patterns are forming up more in the lower timeframe. Would concentrate on 5m and 15m,...Ignored
Disliked{quote} helo ! sir can you help me to start a good trader. i am newIgnored
Dislikedhttps://forums.babypips.com/t/nice-day-for-fibs/33125 THERE WILL BE MORE COMING FOLKS BUT PLEASE BARE WITH ME AS TRADING COMES FIRST, IF OTHERS WISH TO SHARE PLEASE FEEL FREE TO DO SO. Edit one Also please be advise that none of what I post here should be taken as a trade or trading advice, I am just trying to show, how to scalp using what is posted below, If you choose to trade with a real account then you do so at your own risk. I recommend you practise in a demo trading account until you can double your opening balance at least before...Ignored
Disliked{quote} Dingoman I appreciate your effort, pls what is the purpose of the breakout panca eagleIgnored