Scalping with aweraging and scaling out | Forex Factory

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Scalping with aweraging and scaling out

  • #1
  • First Post: Dec 23, 2020 5:40pm Dec 23, 2020 5:40pm
Hello i am starting another journal beggining to be a few,but i have gone from renkos to trade 5 min timecharts the way my mentor tought me and today i did 2.9% with relativly low drawdown.....Most of the trades are single scalpbutsometimes when going against you i awerage in with a cutoff at 10% And thoose are the moneymakers so i will update after everyday i also use pivots,daily high/low,daily open,Vvap,200 and 50 SMA and some other supp/ress lines for reversals i also use Mladens TMA together with RSI thoose two together is very powerful i also trade DOW and NQ in U.S session mostly off the TMA so follow my journey and PM me if interested in the system i also use CSM for confirmation of directions and heres a screenshot of my template.....There wont be much trading before after new year now cause the time between cristmass and new year is time for black swans to accure...Merry cristmass traders...
Attached Image (click to enlarge)
Click to Enlarge Name: 2.PNG.png Size: 139 KB
Insanityoing same ting over expecting different results..Einstein
  • #2
  • Dec 24, 2020 1:41am Dec 24, 2020 1:41am
Took a trade on dow and NQ this morning that got me 0.7% DD,but then i did a super trade on GU and ended up 0.8% for the day last trade before cristmas
Insanityoing same ting over expecting different results..Einstein
  • #3
  • Dec 24, 2020 2:02am Dec 24, 2020 2:02am
Quoting FXsniper111
Hello i am starting another journal beggining to be a few,but i have gone from renkos to trade 5 min timecharts the way my mentor tought me and today i did 2.9% with relativly low drawdown.....Most of the trades are single scalpbutsometimes when going against you i awerage in with a cutoff at 10% And thoose are the moneymakers so i will update after everyday i also use pivots,daily high/low,daily open,Vvap,200 and 50 SMA and some other supp/ress lines for reversals i also use Mladens TMA together with RSI thoose two together is very powerful i also...

Nice chart

You're not using TMA anymore?
  • #4
  • Dec 24, 2020 5:20am Dec 24, 2020 5:20am
ohh yes its there
Insanityoing same ting over expecting different results..Einstein
  • #5
  • Dec 24, 2020 12:25pm Dec 24, 2020 12:25pm
I took aa small cristmass trade on DOW + a good one on GU this morning so 0.9% on a day when not really trading....lol
Insanityoing same ting over expecting different results..Einstein
  • #6
  • Dec 25, 2020 5:51am Dec 25, 2020 5:51am
I have signed up for a 50k account with My forex funds ore MFF,i am not sure if i am to use a fradecopier ore trade two charts if there are enough options on the copier i will use that....Its a long road before making any serius money first month you get 5% second 10% third 15% then if funded 50% first so 65% and finally after 5 months 80%...I will start 5th of january and keeep you updated...Theissue is the max DD pr day is 5% so i need to set the cutoff to 4%..12000 in total max loss that is ok
Insanityoing same ting over expecting different results..Einstein
  • #7
  • Dec 26, 2020 2:22am Dec 26, 2020 2:22am
Quoting FXsniper111
I have signed up for a 50k account with My forex funds ore MFF,i am not sure if i am to use a fradecopier ore trade two charts if there are enough options on the copier i will use that....Its a long road before making any serius money first month you get 5% second 10% third 15% then if funded 50% first so 65% and finally after 5 months 80%...I will start 5th of january and keeep you updated...Theissue is the max DD pr day is 5% so i need to set the cutoff to 4%..12000 in total max loss that is ok
Fantastic - well done

You can also post your journey on the "New model" thread if you want.
  • #8
  • Dec 26, 2020 2:34pm Dec 26, 2020 2:34pm
MFF gave a 25% discount on all accounts today now in the holliday so i upgraded from 50k to 100k and it cost me only 158 dollars...
Insanityoing same ting over expecting different results..Einstein
  • #9
  • Dec 26, 2020 4:39pm Dec 26, 2020 4:39pm
Actually they made the math wrong so i had to pay 100 dollars only from 50k to 100k....talk abaut nice crismass present..
Insanityoing same ting over expecting different results..Einstein
  • #10
  • Dec 29, 2020 10:32am Dec 29, 2020 10:32am
Well this week i wasnt to trade at all since half way hollidays,but took two very good setups with small sizes on Nasdaq and SP 500 so now 5 cons. days without a loosing day and on Monday 5th January i will start my 100k account with MFF and use a copier to my personal account i really look forwards to that so no more trading before that....Happy new year traders
Insanityoing same ting over expecting different results..Einstein
  • #11
  • Edited 8:49am Dec 31, 2020 5:35am | Edited 8:49am
Well i did a coupple of trades even really shoulnt,but good trades 0.4% so cant wait to start my 100k account on Tuesday,:monday i cant trade whole day so better only trade my personal cause on 100k account i will try to do around 50 trades a day to have some wiggeling room to the consistecie rules
Insanityoing same ting over expecting different results..Einstein
  • #12
  • Dec 31, 2020 8:47am Dec 31, 2020 8:47am
Did a coupple of more trades so 0.9% for the day i am on a streak now..
Insanityoing same ting over expecting different results..Einstein
  • #13
  • Edited 12:28pm Jan 4, 2021 9:52am | Edited 12:28pm
today i killed it my first day prop and made 1% 1000 dollars 10% for me 100 bucks and i made 3.3% almost 200 in personal account fun when goes your way like that...
Insanityoing same ting over expecting different results..Einstein
  • #14
  • Jan 4, 2021 4:16pm Jan 4, 2021 4:16pm
Quoting FXsniper111
today i killed it my first day prop and made 1% 1000 dollars 10% for me 100 bucks and i made 3.3% almost 200 in personal account fun when goes your way like that...
Well done FXs

But you need to fill in this everyday (attached) so that you don't breach the dreaded consistency rule
Attached File(s)
File Type: xlsx MFF Consistency Check FFShare.xlsx   16 KB | 203 downloads
  • #15
  • Jan 4, 2021 5:07pm Jan 4, 2021 5:07pm
yeah thats way i done some many trades so gives me more room to play with 50-200 trades a day and i only use one lotsize and just add possisions so the lotsize will be the same over the month....
Insanityoing same ting over expecting different results..Einstein
  • #16
  • Jan 5, 2021 5:52am Jan 5, 2021 5:52am
Quoting Mtinifx
{quote} Well done FXs But you need to fill in this everyday (attached) so that you don't breach the dreaded consistency rule {file}
I have one but i will do 100 trades a day then stop...
Insanityoing same ting over expecting different results..Einstein
  • #17
  • Jan 5, 2021 7:08am Jan 5, 2021 7:08am
Quoting FXsniper111
{quote} I have one but i will do 100 trades a day then stop...

I'm $400 behind you - will catch up eventually!
  • #18
  • Jan 7, 2021 3:32am Jan 7, 2021 3:32am
s you can see i am killing it thhese days the prop got budt causev i got 59-70 pips soike adainst me all will try afain wiyj a copirt but for 50k,,,pease...
Insanityoing same ting over expecting different results..Einstein
  • #19
  • Jan 7, 2021 7:20am Jan 7, 2021 7:20am
This system gets better and better 4.7% today and 19.1 for the week thats 1800 dollars in two weeks not to shabby...I blew my prop on gold yesterday overleveraged and had a bit drawdown and then a 50-70 pips spike against be and was toast i got a discount on thr 50k so will start that tomorrow with that as main account and copy to my personal account....Trade well
Insanityoing same ting over expecting different results..Einstein
  • #20
  • Jan 7, 2021 9:19am Jan 7, 2021 9:19am
Hi! Nice thread!

What distance you are using for averaging and how you calculate it?
What multiplier you are using?
Observer effect
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