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CPP Scalping Strategy

  • #61
  • Jul 16, 2023 4:01pm Jul 16, 2023 4:01pm
Thanks, I'm using trading view, todays pivots are close. fridays R1 is way out

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Its all just one persons opinion
  • #62
  • Jul 16, 2023 4:22pm Jul 16, 2023 4:22pm
Quoting axecap
Thanks, I'm using trading view, todays pivots are close. fridays R1 is way out {image}
Yeah, nothing great today
Can't go broke making profit
  • #63
  • Jul 16, 2023 5:53pm Jul 16, 2023 5:53pm
Quoting FireScape
{quote} Definitely don't trade all of them, i usually only trade 2-3 a day, start with the tightest spread pairs and then use some basic analysis to determine which ones makes sense for you. There's no wrong or right here, all setups are equal, just use use some of your experience and discretion. I like to use things like RSI, Market Structure, and other trend identifying indicators to help pick. But again, you dont have to, could randomly pick, or pick them all and lower your position sizes accordingly.
FireScape, thanks very much for the thread. If a pair is in a distinct trend, do you still place bracket orders, or just one order in direction of trend?
"Be the change that you wish to see in the world." --Gandhi
  • #64
  • Jul 16, 2023 5:56pm Jul 16, 2023 5:56pm
Quoting Wally1953
{quote} FireScape, thanks very much for the thread. If a pair is in a distinct trend, do you still place bracket orders, or just one order in direction of trend?
No problem friend, bracket orders always
Can't go broke making profit
  • #65
  • Jul 16, 2023 6:53pm Jul 16, 2023 6:53pm
Short NZUSD
Its all just one persons opinion
  • #66
  • Edited 10:34pm Jul 16, 2023 10:19pm | Edited 10:34pm
Quoting FireScape
EURUSD In Range{image}
How do you judge is in a range or not?
Has been backtested this idea? And what are the results?
It's mechanical logic and should be easy to code.
  • #67
  • Jul 16, 2023 10:27pm Jul 16, 2023 10:27pm
Just testing on stocks:

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  • #68
  • Jul 16, 2023 10:29pm Jul 16, 2023 10:29pm
in progress:
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  • #69
  • Jul 16, 2023 11:27pm Jul 16, 2023 11:27pm
Follow through:
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  • #70
  • Jul 16, 2023 11:38pm Jul 16, 2023 11:38pm
Another- better to exit given the wicks on top
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  • #71
  • Jul 16, 2023 11:40pm Jul 16, 2023 11:40pm
SL:
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  • #72
  • Jul 17, 2023 1:11am Jul 17, 2023 1:11am
Is there a specific reason for not using R2 and S2 Level for entry? I have just looked over some examples from today (GBPNZD, NZDJPY, AUDJPY, ...) and using Level 2 would have worked just fine with the difference of getting a better R:R.
  • #73
  • Jul 17, 2023 1:42am Jul 17, 2023 1:42am
7 winners 1 loser today
  • #74
  • Jul 17, 2023 4:26am Jul 17, 2023 4:26am
GU 2 losses if I am not wrong
  • #75
  • Jul 17, 2023 4:33am Jul 17, 2023 4:33am
Quoting kleybenny
GU 2 losses if I am not wrong
Cushion should have prevented long and you could have TPd on short close one

only about 8 pips to work with though tight trade
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Can't go broke making profit
  • #76
  • Jul 17, 2023 5:33am Jul 17, 2023 5:33am
Quoting kleybenny
GU 2 losses if I am not wrong
correct GU was the only loss. I would limit 1 trade to each pair. Pairs can ping pong between Res/sup all day long and stop you out many times over.
  • #77
  • Jul 17, 2023 5:52am Jul 17, 2023 5:52am
Quoting FireScape
EURUSD over a couple years. 37 wins, 7 Losses. However, losers are bigger than our winners, so it lowers the percent profitable. {image}
Did you backtest this by hand or did you use an indicator/strategy?
  • #78
  • Jul 17, 2023 2:12pm Jul 17, 2023 2:12pm
Today 7:
USDJPY
USDCAD
CADCHF
CHFJPY
EURCAD
EURCHF
EURJPY
  • #79
  • Jul 17, 2023 2:22pm Jul 17, 2023 2:22pm
Quoting axecap
Short NZUSD
went very well .All the way to S5,. Managed to add some when it retested, and take some out on the way.
I'm already longer term short on this pair so didn't see it as a risk.
Haven't used camarilla pivots for years, but very accurate yesterday on NU.
Thanks FireScape
Its all just one persons opinion
  • #80
  • Jul 17, 2023 2:23pm Jul 17, 2023 2:23pm
Quoting Mic_FX
Today 7: USDJPY USDCAD CADCHF CHFJPY EURCAD EURCHF EURJPY
Nice! Lots of goodies to pick from today
Can't go broke making profit
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