First two trades of the day....
1M & 5M Scalping System (Scalping Paradise) 21 replies
Simple Scalping System 64 replies
xPip Simple Scalping 27 replies
It just went straight -8 and I gave up.
It went +10 first then -13 followed by +14.Ignored
DislikedGuess I didnt get my message through,
Go and get your exit rules straight! cause yours are really messsed up and as long as you dont know when or where to exit your trades will not be consistent and positive.Ignored
DislikedThat's not what i would call a high probability setup. There is no momentum or anything in that "breakout" nothing worth trading.
Note, its not about if it retraced or not, I would definately trade such a setup if the breakout would be different with a lot more strength (thats what you watch the rainbow for, we dont need the rainbow to trade simple breakouts! ).Ignored
Disliked*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 moveIgnored
It just started moving away from me rather quickly -6
Got +5 out of this
I took two more trades after this +6 and a -4.Ignored
Disliked-Identify the time (example: EST 3:00-3:30)
-Monitor the market using <=1min time frame (use the attached setup)
-Identify the direction of the move
-Jump in and out with higher lots
-You are done for the day within 30-60min (check the charts below)
-Go out and golf
NB! Spend a few months screen time with this setup... If you detect that the price is moving against you -- jump out immediately -- you will always get better trades later... You can add Rainbow to support and capture big moves (here you can pick the time frame based on your risk capital)... Only use this scalping style with ECN and jump in when you get the spread <=zero... Keep it Simple and Smart... Make Money and Enjoy...Ignored