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Scalper Trading Technique

  • #161
  • Jul 13, 2022 10:05pm Jul 13, 2022 10:05pm
Quoting atuque1
{quote} Actually you can find the pair Eur/Aud (EA) in the Apps. You have put it in the Watchlist, and that's how I put the GJ, EJ, in one page. FYI, I monitor on EU, GU, EJ, GJ, UJ, UChf & UCad... I open the Quoteboard in Watchlist, & add all that pairs into it..
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  • #162
  • Jul 13, 2022 10:15pm Jul 13, 2022 10:15pm
Quoting atuque1
{quote} Ok.. I understood your frustration there. When the TF1min showed Stoch314 at level10 (this one is for Buy Entry), how about the Baha Apps.. Still showing Strong Buy? Or changing to grey already...? The Baha Apps need to be refreshed always ya.. Especially when you want to enter position.

They are in either green or red when i want to enter trade and i will also refer to those with more than 10% or less than -10% in baha currencies pair.
  • #163
  • Jul 13, 2022 10:18pm Jul 13, 2022 10:18pm
Hi Atuque, not sure are you staying in Malaysia. If yes, may i know usually when is your trading time ? FRom what time to what time ?
  • #164
  • Jul 13, 2022 10:20pm Jul 13, 2022 10:20pm
Quoting ckwun0605
{quote} They are in either green or red when i want to enter trade and i will also refer to those with more than 10% or less than -10% in baha currencies pair.
When you watch the TF1min for the entry timing, also need to watch the Apps too. Because it also happened to me, too concentrated on TF1min till I forgot to watch the Baha Apps (where it turned grey already that time) - so I just closed my trades with less loss.
  • #165
  • Jul 13, 2022 10:24pm Jul 13, 2022 10:24pm
Quoting ckwun0605
Hi Atuque, not sure are you staying in Malaysia. If yes, may i know usually when is your trading time ? FRom what time to what time ?
Yes, I am staying in Malaysia.
Normally, I trade on Asian Session, European Session & US Session.. After 00:00hrs (Midnight Malaysia Time), I will be less trading, since the market will be very slow (European Close Market).
  • #166
  • Jul 13, 2022 10:24pm Jul 13, 2022 10:24pm
Quoting atuque1
{quote} When you watch the TF1min for the entry timing, also need to watch the Apps too. Because it also happened to me, too concentrated on TF1min till I forgot to watch the Baha Apps (where it turned grey already that time) - so I just closed my trades with less loss.
yes i did...usually they will either in green or red. so you just buy when it is green and T1 is at level 10 oversold position ? many times the price will go further down or up even they are at the oversold or overbuy position.
  • #167
  • Jul 13, 2022 10:32pm Jul 13, 2022 10:32pm
Quoting ckwun0605
{quote} yes i did...usually they will either in green or red. so you just buy when it is green and T1 is at level 10 oversold position ? many times the price will go further down or up even they are at the oversold or overbuy position.
If it is Green (Think Buy) --> see TF15min Stoch at <10 ----> see TF1min Stoch <50 (it is good... Unless if you see the price action /Stoch keep going down, and down and down, then you will recheck Baha Apps if the % near to +0.05%.... need to reconsider to Buy or not..

Same goes to Red.. but in opposite way..
  • #168
  • Jul 13, 2022 10:46pm Jul 13, 2022 10:46pm
Quoting atuque1
{quote} If it is Green (Think Buy) --> see TF15min Stoch at <10 ----> see TF1min Stoch <50 (it is good... Unless if you see the price action /Stoch keep going down, and down and down, then you will recheck Baha Apps if the % near to +0.05%.... need to reconsider to Buy or not.. Same goes to Red.. but in opposite way..

if that's the case i assumed the price will always goes opposite direction when you enter trade ? You will hold it until it goes back to your direction right ?

what if the market goes 30 pips opposite your direction but it still showing strong buy signal in baha and still under 5% of your account ? you will wait till it goes back to your direction right ?
  • #169
  • Jul 13, 2022 10:57pm Jul 13, 2022 10:57pm
Quoting ckwun0605
{quote} if that's the case i assumed the price will always goes opposite direction when you enter trade ? You will hold it until it goes back to your direction right ? what if the market goes 30 pips opposite your direction but it still showing strong buy signal in baha and still under 5% of your account ? you will wait till it goes back to your direction right ?
It will always go further in opposite way when there are news. So, need to update myself with news too..

Btw, Need a break now, bcos I work night shift (now should be my sleeping time).. Be right back later..
  • #170
  • Jul 13, 2022 11:10pm Jul 13, 2022 11:10pm
alright. Good afternoon !
  • #171
  • Jul 14, 2022 1:16am Jul 14, 2022 1:16am
EA pure text book entry
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  • #172
  • Jul 14, 2022 2:07am Jul 14, 2022 2:07am
Quoting atuque1
{quote} {image}
Thanks a lot bro .
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  • #173
  • Jul 14, 2022 9:07pm Jul 14, 2022 9:07pm
Hi atuque, hi everyone. I tried testing this system yesterday on a $100 demo account.
Gained around 40% in a day but hey, no emotion involved in demo trading and the market condition just happened to be good, so still need a lot of backtesting.

But first impression, this system is great, yet super risky (probably the reason why atuque does not use SL).
Great because the system makes us enter position at the end of a pullback period of a trending market.
Risky because without basic (or I should say proper) market structure knowledge, that pullback period could prolong; because there are liquidities needed to be cleared first below/above our entry points. This makes our position to enter a deep drawdown (hence atuque cut the losses if price continues the drawdown for 30-40 pips).

Then, I found out that the "% change" (that indicate strong buy or sell) on baha app could be substituted by the same feature on Tradingview. The difference is very little.
So, if you mainly use Tradingview for charting, I don't think you need any additional app to monitor the bias.

For me personally, now all that's left (besides making a well-thought trading plan) is to determine how aggressive I want with this: do I want to go all out without SL? If yes, I still need some sort of risk management. Do I make a separate account with minimum balance that I am willing to let go if the whole account goes MC?

Also for the money management, atuque says he (I assume atuque is a "he") uses only 5% of his balance.
Anyone care to elaborate this? Because what is the point of using 5% of balance if no SL is involved at all.

Thank you!
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  • #174
  • Jul 15, 2022 3:30am Jul 15, 2022 3:30am
Quoting atuque1
{quote} Every trade I will be monitoring till it hit my TP at 5pips (this excude the spread), because if I put my trade/s at precise timing, it will always TP in 10 mins to 30 mins. But if it goes wrong way, at 30-40pips, I will close manually. I do not put SL (stop loss).
How often do you hit your stop loss?
  • #175
  • Jul 19, 2022 2:36am Jul 19, 2022 2:36am
Quoting menek
{quote} How often do you hit your stop loss?
same thought, very hard to keep building up the account if I keep hit stop loss 2-3 times per week.

Can you also share the method how/when will you enter the second order if the first order going negative @atuque1?
I think that is my biggest problem, I cant control the good R:R in order to build the account like you did. Waiting for your reply, thank you for sharing.

Much appreciate,
  • #176
  • Jul 21, 2022 10:00am Jul 21, 2022 10:00am
Quoting menek
{quote} How often do you hit your stop loss?
Normally, TP was hit 4-7 times a day.. & I manually hit to cut loss once in 1-2 weeks..
That is why the setup must be fullfilled in TF15mins, & TF1min.. Then the price will go with our.
That BAHA will only show the Daily Strong Buy or Strong Sell, and the Stoch314 is our filter..
  • #177
  • Jul 21, 2022 10:11am Jul 21, 2022 10:11am
Quoting 3116
{quote} same thought, very hard to keep building up the account if I keep hit stop loss 2-3 times per week. Can you also share the method how/when will you enter the second order if the first order going negative @atuque1? I think that is my biggest problem, I cant control the good R:R in order to build the account like you did. Waiting for your reply, thank you for sharing. Much appreciate,
If the order going negative, i will keep monitor the price and BAHA if it change color to Grey (sideway), then i will close the order if it continue opposite way.
Then i will wait for the setup if there is chance to put my order again..
  • #178
  • Jul 22, 2022 5:41am Jul 22, 2022 5:41am
Quoting atuque1
{quote} If the order going negative, i will keep monitor the price and BAHA if it change color to Grey (sideway), then i will close the order if it continue opposite way. Then i will wait for the setup if there is chance to put my order again..
Thanks for the advice.

What if the BAHA still show strong sell and the order going negative, when will you decide to enter the second order?

Much appreciate
  • #179
  • Jul 22, 2022 7:50am Jul 22, 2022 7:50am
Do trade AU, EG and EA pairs?
  • #180
  • Jul 24, 2022 12:34am Jul 24, 2022 12:34am
Quoting 3116
{quote} Thanks for the advice. What if the BAHA still show strong sell and the order going negative, when will you decide to enter the second order? Much appreciate
If I am in Sell, & BAHA still show Strong Sell (with <-0.10%), & stoch314 gets into the setup for Sell again, then I will put another Sell with smaller lots (5% from free margin) & put TP 5 pips.
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