Mo money... pennies make pounds.
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Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies
strategy builder/tester for new scalping strategy 1 reply
1M & 5M Scalping System (Scalping Paradise) 21 replies
Reversals vs. CounterTrend Trade 28 replies
CounterTrend Trading 58 replies
Disliked{quote} I've been messing around with other systems - both indicator-based and price action - and achieved a negative expectancy. In fact, the losses piled on quickly due to use of stoploss. Whenever I revert back to this system with averaging, albeit with my own tweaks, I make money. The drawdown can be a bit uncomfortable but it's no different than taking multiple losses in succession. I now do both trend and counter-trend trading using Supply & Demand from higher TFs with riskier lot sizes - 0.1 lots per $1000. Drawdown can get uncomfortable....Ignored
Disliked{quote} Ouch, 0.1 is a bit too much for me in a $1000 account, even if it's a single position system. However, it could work well with gradual withdrawals, we'd need to calculate the odds and frequency of these deep drawdowns, perhaps it's still too much.Ignored
Disliked{quote} Yeah it's steep. Just clocked it another $280. I'm up $780 now. Another $220 and i can withdraw my principal $1000 and trade with free cash. But making a few dollars with $1000 with 0.01 lots when you know eventually there will be a deep trend that will wipe all those profits away doesn't appeal to me. Might as well go big or go home lol. It actually began as an accident because i forgot to set my position size to 0.01. It was at 0.1 lots default and i opened a position and i had no choice but to continue averaging with 0.1 lots. Made some...Ignored
Dislikedvery narrow ranges and the price reacts well to the levels but with a lot of nervousness. Not the best conditions to trade. At least not for my skills {image} Better to use very cool areas to avoid the risk of being in a breakout. Just my thoughtsIgnored
DislikedI was mostly in watch mode due to consolidation action in price from yesterday just didn’t feel the vibe, however saw this gbp/jpy setup and got in for a small profit. Done for today. So far up $4500 this week on my $300k funded account. Also gents for those who go with TFT they are automating withdrawals as of March 31st. {image}Ignored
DislikedHi erode Hope you have been enjoying your trading.. I have been anticipating your video on how you map out your point of interest on larger time frame and how you refined it on lower time frame, since point of interest can be subjective. I am aware how busy you can be, but i employ you to try and put out the video, it will really help some of us to complement this strategy, thanks.Ignored