... some crazy action after the minutes. no clear direction but a lot of volatility, anyone got some pips?
- #3,782
- Edited 5:54pm Nov 20, 2007 5:39pm | Edited 5:54pm
This has me thinking. Maybe I should just make my little breakout
method my #22. That would really help me stay focused. I tend to
be easily distracted by the "greener" grass (pips) on the other side
of the fence. LOL
I have my own little break-out method that works very well for me. (page 58 of e-book).
I had actually "discovered" this on my own, and the e-book confirmed it...and it works!
I printed that page and stuck it on my wall at my trading station, and it also is currently the wall-paper on my computer, to constanly remind me of what I am trading.
'cause, that's the way uh-huh, uh-huh, I like it uh-huh, uh-huh,
that's the way uh-huh, uh-huh, I like it uh-huh, uh-huh.
do a little dance, make a little pips...yada yada yada.
On my way to Acapulco, Mexico on an 8 day cruise WITH my wife!! WOO-HOO!!!
I do miss alot of the other moves (and once in awhile I will play) I don't really care about how many I miss, because all that really matters is how many I hit.
I would rather miss a great move than get in on bad one.
I still hate to lose.
- #3,784
- Nov 20, 2007 5:50pm Nov 20, 2007 5:50pm
- Joined Mar 2007 | Status: ~~~~~~~~~ | 3,692 Posts
I think you are correct.
I have my own little break-out method that works very well for me. (page 58 of e-book)
Nice to hear from you!
Do you mean one of the useful links on P.58?
I like a good riddle. I'll guess an adaptation of KH Pattern 5. LOL
Brent
Hi Stan!
Nice to hear from you!
Do you mean one of the useful links on P.58?
I like a good riddle. I'll guess an adaptation of KH Pattern 5. LOL
Brent
There has been an update for a total of 63 pages and page 58 is what works for me.
(hint for those that have not purchased the e-book, DO IT!)
Stan
- #3,787
- Nov 20, 2007 6:42pm Nov 20, 2007 6:42pm
- | Commercial User | Joined Mar 2004 | 1,255 Posts
Yep. I use a 1 min as a "longer term" chart (most people see this as "shortest term"... lol). When you're scalping off the 5 sec, a 1 min seems to take forever to change, so not only does it give you perspective, but you really don't have to refer to it often.
And if the 1 min/5 min. trend is going sideways... no problem! Just draw horizontal lines on your 5 sec chart near the price levels they're bouncing off of, and you can scalp some nice 10 pip moves (I find it best to use TPs in this type of market condition) as it bounces back and forth.
- #3,789
- Nov 20, 2007 6:45pm Nov 20, 2007 6:45pm
- | Commercial User | Joined Mar 2004 | 1,255 Posts
This has me thinking. Maybe I should just make my little breakout
method my #22. That would really help me stay focused. I tend to
be easily distracted by the "greener" grass (pips) on the other side
of the fence. LOL
- #3,791
- Nov 20, 2007 6:55pm Nov 20, 2007 6:55pm
- Joined Mar 2007 | Status: ~~~~~~~~~ | 3,692 Posts
If I am understanding you correctly, your pg. 58 has just links on it.
There has been an update for a total of 63 pages and page 58 is what works for me.
(hint for those that have not purchased the e-book, DO IT!)
Stan
Yes. Listen folks. Save money on something that will never possibly make
you any money - like (insert almost any purchase here). Not on this e-book.
- #3,792
- Nov 20, 2007 7:28pm Nov 20, 2007 7:28pm
Eyecelll, can you elaborate more on what you mean by "money makers trap"?
during slow trading hours market makers can make traps for retail traders by price manipulation. the tick up (in red circle) could be manufactured by money makers and trigger buy signal for retail traders, as soon as traders bought money makers could drive prices down by 7 or so pips to scare shit out of traders and make them sell. here's a good video with some explanation of money makers manipulations
Inserted Video
i dont really know much about how money makers scalp but anyone who's interested in the subject could share their views. thanks
*updated*: the reason i posted this screenshot in the first place is because this is a hi-prob setup that failed, isnt it? eventually it went up as it was supposed to but made a trick before the move
"Nothing is unexplainable, Everything is mystery" W. Liquorman
- #3,793
- Nov 20, 2007 7:41pm Nov 20, 2007 7:41pm
- Joined Mar 2007 | Status: ~~~~~~~~~ | 3,692 Posts
here's a possible explanation but i'm not claiming this is what actually happened:
during slow trading hours market makers can make traps for retail traders by price manipulation. the tick up (in red circle) could be manufactured by money makers and trigger buy signal for retail traders, as soon as traders bought money makers could drive prices down by 7 or so pips to scare shit out of traders and make them sell. here's a good video with some explanation of money makers manipulations http://youtube.com/watch?v=RZQJyBJKr6U
i dont really know much about how money makers scalp but anyone who's interested in the subject could share their views. thanks
*updated*: the reason i posted this screenshot in the first place is because this is a hi-prob setup that failed, isnt it? eventually it went up as it was supposed to but made a trick before the move
we're in the middle (if we use MM).
I'm not much for the "defensive" trading.
AKA "averaging". Not for me. Like Eddie Toppel said:
Double Up To Belly Up. LOL
Thanks EC!
- #3,795
- Nov 20, 2007 8:44pm Nov 20, 2007 8:44pm
- Joined Mar 2007 | Status: ~~~~~~~~~ | 3,692 Posts
I couldn't understand what all that other crap was in the background or even what it's supposed to represent.
so that you require the "support" of the developer.
Compare that to this one which is very simple and similar to what we're
doing. Just a scalper showing his simple method.
- #3,797
- Nov 20, 2007 8:52pm Nov 20, 2007 8:52pm
My guess is that many of these methods are intentionally complicated
so that you require the "support" of the developer.
Compare that to this one which is very simple and similar to what we're
doing. Just a scalper showing his simple method.
"Nothing is unexplainable, Everything is mystery" W. Liquorman
My guess is that many of these methods are intentionally complicated
so that you require the "support" of the developer.
Compare that to this one which is very simple and similar to what we're
doing. Just a scalper showing his simple method.
My old sig block said that if you trade with more indicators* than articles of clothing you wear on a typical day, then something's wrong.
* And yes, I consider the rainbow as a single indicator, even though it is technically several MAs put together.