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Chronicles of the Price Action Scalpers

  • #101
  • Sep 30, 2008 11:47am Sep 30, 2008 11:47am
Monikroc

Unfortunately it seems this thread stalled, and I've just stumbled across it.

But in case you're still watching.... those are pretty big numbers you're talking about there.

What stops you bailing out when you get whipped? And you do get whipped to death using MA cross systems on small TF's,especially the 1 and 5.

Are you saying that you'll enter on a 5/8/13 cross on a 1M or 5M and ride it regardless of price going against you?

Good luck to you if its working, you must have bigger balls than me.

PQ
  • #102
  • Oct 2, 2008 1:08am Oct 2, 2008 1:08am
I posted some arguments for the 30 sec. in the Cyrox forum. They got deleted. Also some other personal issues were going on. So I officially left.

FF will not delete my posts if they do not agree. Nice decision from management

Anyways. I was trading 1 sec. as stated below. Im not saying that it doesnt work or that it is not a profitable strategy. It is! But I am here talking about risk/reward on the 1 sec. vs. 30 sec.

Ive found that it just makes more r/r sense to scalp for more than 6 pips. Basically what I am arguing for here is scalping for 20 pips or more with 30 sec. (Trade rainbow and pull up NT charts 30 sec. to understand).

So here are my thoughts attached below.

Please submit any comments or thoughts if you differ from this opinion and feel you have some facts to support it.

Thanks

Mike Lewthwaite

P.S. If you dont have word, e-mail me and I will send in RFT.
Attached File(s)
File Type: doc Heres my thoughts on 30 sec.doc   23 KB | 875 downloads
  • #103
  • Edited 5:22am Oct 2, 2008 5:09am | Edited 5:22am
You dont understand the Cyrox method nor ForEx at all...

Im saying this because I spoke to you and seeing your document Im seeing you dont understand ForEx...you have no clue about slippage, ECN's, liquidity...

Anyway, like I already told you...If 30sec. works for you dont stop...but dont come and complain to Cyrox if it's not...the rules of the method are very clear...if you cannot keep up with it, then it's not for you...
  • #104
  • Oct 2, 2008 10:37am Oct 2, 2008 10:37am
Quoting FlashCall
You dont understand the Cyrox method nor ForEx at all...

Im saying this because I spoke to you and seeing your document Im seeing you dont understand ForEx...you have no clue about slippage, ECN's, liquidity...

Anyway, like I already told you...If 30sec. works for you dont stop...but dont come and complain to Cyrox if it's not...the rules of the method are very clear...if you cannot keep up with it, then it's not for you...
This is not about CYROX!

Wow, I left the cyrox board, come over to my thread and you follow me hear with comments. More confirmation that leaving the cyrox forum was the right thing.

"You dont understand Forex"

What is that? Just a blanket statement with no facts. Why dont you post why I dont understand or what flaw there was in my reasoning and I will accept it.

This is the whole problem with cyox and LT. Vagueness followed by "just do it." Quit being vague.

If you have issue post the facts. Show me why the statements in my paper are wrong and how they reveal that I know nothing of the forex market. Dont just make statements with no support.

Really the reason you say "I dont understand Forex" is because I dont follow your lord LT to a T'

But really, you have your own thread to promote Cyrox in. So dont clutter this thread like you did 4xQ's.

Were both on Skype. If you have issues, skype me. If you have thoughts of scalping or constructive rebuttals to the paper then contribute to the thread and it will be appreciated.


Mike
  • #105
  • Edited 12:40pm Oct 2, 2008 12:17pm | Edited 12:40pm
Well its about Cyrox...as you use the Cyrox Rainbow, but you cannot handle the method...as you only want to hear what you really want to hear...

I'm here making sure you give right info...I guess me too introduced you to Cyrox, read this thread back...I didn read you hushed me then? So dont make yourself important and compare youself to 4xQ - because you are not-...

You dont understand: Just do it? Very simple english words...

Anyway...keep going spinning the wheel... I will take you money on 1 sec, while you sweating on 30 sec...

Thats right Mike...If you have issues you know where to find me...or did you deleted me already?

If have put lots of time in you, talking to you and explaining you, not only you but many others also...dont come here and giving a big mouth... just PM me... you know me...I say it right in your 'face' if you are on IM or here... you wont...

Anyway...keep on putting the money in ForEx...more for me...

Go and learn about ECN, liquidity and slippage first...

You made the right choice leaving, because you want only hear the things you want...I didnt expect anything else from you...maybe you can join 4xQ...
  • #106
  • Edited 12:41pm Oct 2, 2008 12:30pm | Edited 12:41pm
Quoting Pip Ventures
This is not about CYROX!

"You dont understand Forex"

What is that? Just a blanket statement with no facts. Why dont you post why I dont understand or what flaw there was in my reasoning and I will accept it.
That is one of your problems...you have narrow vision...very biased on your own thoughts...thats why you cannot keep it up...

read again...
" Im seeing you dont understand ForEx...you have no clue about slippage, ECN's, liquidity..."

So its based on the fact that you dont have a clue about slippage, ECN's, liquidity...and why? Because you doc is not good...you pointed slippage, ECN and liquiduty but the facts in your doc about those issues are very wrong...any trader can tell you that...it has nothing to do with the TF you are scalping from...

Anyway...In the future, read with care first...

Quote
If you have thoughts of scalping or constructive rebuttals to the paper then contribute to the thread and it will be appreciated.
OOOoooo...I shared many thoughts already with you...

If you are smart you know what to do to let me stay away from here...

Good luck man...
  • #107
  • Oct 2, 2008 12:57pm Oct 2, 2008 12:57pm
Quoting FlashCall
That is one of your problems...you have narrow vision...very biased on your own thoughts...thats why you cannot keep it up...

read again...
" Im seeing you dont understand ForEx...you have no clue about slippage, ECN's, liquidity..."

So its based on the fact that you dont have a clue about slippage, ECN's, liquidity...and why? Because you doc is not good...you pointed slippage, ECN and liquiduty but the facts in your doc about those issues are very wrong...any trader can tell you that...it has nothing to do with the TF you are scalping from...

Anyway...In the future, read with care first...


OOOoooo...I shared many thoughts already with you...

If you are smart you know what to do to let me stay away from here...

Good luck man...
Once again, all you said was "you are wrong". No facts just vague insinuations. This is because they are full of air and have no weight.

You had your say, if you dont have facts then dont post. Skype me your insinuations. This is supposed to be a informational useful thread and with no facts only insinuations it cant be that.

Im done responding to you unless there are factual arguments you want to present. So please dont post insinuations expecting a response anymore. 2 responses to your vague accusations is already 2 too many.

Mike

P.S. You are a little trouble maker aren't you. Why the threats? "If I am smart..." What is that supposed to mean? Dont talk to you or else? Dont worry, this is my last post to you.
  • #108
  • Oct 2, 2008 1:09pm Oct 2, 2008 1:09pm
Quoting Pip Ventures
Once again, all you said was "you are wrong". No facts just vague insinuations. This is because they are full of air and have no weight.
Really there must be something wrong with your eyes...I really really didnt say that....

read again...
Quote
read again...
" Im seeing you dont understand ForEx...you have no clue about slippage, ECN's, liquidity..."

So its based on the fact that you dont have a clue about slippage, ECN's, liquidity...and why? Because you doc is not good...you pointed slippage, ECN and liquiduty but the facts in your doc about those issues are very wrong...any trader can tell you that...it has nothing to do with the TF you are scalping from...

Dont just cut and paste words from sentences...sentences has the context meaning of words...

Quote
You had your say, if you dont have facts then dont post.
Many facts I already shared with you between us...you dont have facts...no clue about slippage, ECN and liquidity...not based on facts...Maybe others can explain it to you...

Quote
Skype me your insinuations. This is supposed to be a informational useful thread and with no facts only insinuations it cant be that.
Thats why straighten your facts first before posting...

Well you are not online on skype...but I know that you are...how come?

Quote
Im done responding to you unless there are factual arguments you want to present. So please dont post insinuations expecting a response anymore. 2 responses to your vague accusations is already 2 too many.
Good good...I always been vague with you hey Mike Crap man...I waisted my time with you...and you acting like this... You cannot go with the program thats you own bad...not mine or someone else; you cannot teach people that dont want to be teached...those only want to learn what they want to get teached...got it?

Dont come here on FF acting stupid like you never talked to me before...you love to keep pushing the limits...

You dont have to respond to me...because you will not...even not on Skype...
  • #109
  • Oct 2, 2008 2:13pm Oct 2, 2008 2:13pm
For what its worth, I thought Mike's document was factually correct.

But you have your own reasons to slag each other off, so don't let me stop you.

Of more importance .... where's Monikroc and his 1000 pip a day scalps? Would love to see some charts....... really I would...
  • #110
  • Oct 2, 2008 2:50pm Oct 2, 2008 2:50pm
Quoting Pips Queak
For what its worth, I thought Mike's document was factually correct.

But you have your own reasons to slag each other off, so don't let me stop you.

Of more importance .... where's Monikroc and his 1000 pip a day scalps? Would love to see some charts....... really I would...
Sorry for the thread interruption.

Yes some charts would be nice. You still around Monikroc?

Mike

P.S. What is slag? lol
  • #111
  • Oct 3, 2008 4:49am Oct 3, 2008 4:49am
Hey pipventures ,I do not post charts pull up your 1min / 5min chart 5/8/13 ema rsi @ 14 everytime the 5/8 cross long or short on the next candle .stop is 20 pips.yesterdays results were 852 pips on the 5min chart.no reason to lie I am just trying to contribute,thanxs.
  • #112
  • Edited 4:56am Oct 3, 2008 4:55am | Edited 4:56am
I get in right after the 5/8 cross and move my stop up as I go along.I "DO NOT" get out at the very top.how I measure pips is from the cross of the ema's to the top of the highest candle before it crosses back,that is why I say "GIVE OR TAKE A FEW PIPS" "TRUTHFUL LIPS ENDURE FOREVER BUT LYING LIPS LAST BUT FOR A MOMENT"
  • #113
  • Edited 6:54am Oct 3, 2008 6:42am | Edited 6:54am
Monikroc,

I just love those numbers, keep them coming. By the way, no one is calling you a liar, but you must understand that if you're talking about making 1000 or 856 pips a day, some people will sit up and take note.

So to stop some people getting too excited, let me post a chart (you say you don't post charts)

In the attached chart, look at the 1st MA cross. You wouldn't enter on candle A as this would not be a confirmed cross as it could still go north. So Candle B is your earliest entry. Very easy in hindsight to bail out at the close of that candle, but how would you know? if you ride it to the next cross, you're making a few pips max.

Hmmmm..... still a long way from that 800+ a day....

So lets give another trade a go. Another cross at Candle C. Ah yes, looking back it crosses there. Keys words being 'Looking back'. I watched this live, and the confirmed cross is at the close of Candle D, not C, although admittedly you could jump in while D is forming with some safety.

So, we enter as D closes, set a stop of 20, and wait. Damn, got stopped out 2 candles later (not shown, but it got stopped)

Monikroc, no one has called you a liar but when you make statements about lottery winning levels of pips a day, you must understand that people will scrutinise your method closely, and I'm afraid your lack of explanation has left you open to doubt.

I don't doubt the numbers you say, I do doubt that you make them live. But I would be pleased to be prove wrong, and you would have my eternal respect.

PQ
Attached Image (click to enlarge)
Click to Enlarge Name: monikroc.gif Size: 14 KB
  • #114
  • Oct 3, 2008 8:11am Oct 3, 2008 8:11am
Hello Pips queak,read my last post carefully.I get in the trade after the 5/8 cross up/down 20 pip stop I move my stop up once I get into profit.5MIN CHART 10-3-08.1:00AM -15 PIPS.1:10-27 PIPS.1 MIN CHART-1:55-30 PIPS.2:15-35 PIPS.2:40-55 PIPS.3:18-10 PIPS.3:27-8 PIPS.3:34-15 PIPS.4:00 -30 PIPS.4:35-10 PIPS.4:58-10 PIPS.5:14-30 PIPS.5:37-44 PIPS.6:18-10 PIPS.6:29 10 PIPS.6:49-15 PIPS.7:14-20 PIPS.7:44-7 PIPS.7:48-9 PIPS.7:54-12 PIPS.8:01-10 PIPS.8:08-8 PIPS.8:12-13PIPS.8:23-40PIPS.8:31-40 PIPS.8:36-15 PIPS = 528 PIPS.I never said in any post that I get all of these pips I said this is what comes after the 5/8 ema cross to the next high or low before it crosses back!!!!!!!!!! check it!
  • #115
  • Edited 9:14am Oct 3, 2008 9:13am | Edited 9:14am
Quoting monikroc
Hello Pips queak,read my last post carefully.I get in the trade after the 5/8 cross up/down 20 pip stop I move my stop up once I get into profit.5MIN CHART 10-3-08.1:00AM -15 PIPS.1:10-27 PIPS.1 MIN CHART-1:55-30 PIPS.2:15-35 PIPS.2:40-55 PIPS.3:18-10 PIPS.3:27-8 PIPS.3:34-15 PIPS.4:00 -30 PIPS.4:35-10 PIPS.4:58-10 PIPS.5:14-30 PIPS.5:37-44 PIPS.6:18-10 PIPS.6:29 10 PIPS.6:49-15 PIPS.7:14-20 PIPS.7:44-7 PIPS.7:48-9 PIPS.7:54-12 PIPS.8:01-10 PIPS.8:08-8 PIPS.8:12-13PIPS.8:23-40PIPS.8:31-40 PIPS.8:36-15 PIPS = 528 PIPS.I never said in any post that I get all of these pips I said this is what comes after the 5/8 ema cross to the next high or low before it crosses back!!!!!!!!!! check it!
Monikroc,

So you're talking theoretical pips.

There's plenty of theoretical winners here. I myself have a great scalping strategy involving mtf stochs and a qqe, backtesting tells me I should be making 1000's of pips a week.

In reality, I'm lucky to make 100, but then I'm not exactly a top trader.

Thats the difference between theoretical trades, and actual trades.

There's no need to tell how many pips you actually make, I'm not really interested, and its none of my business, but now I know you're talking theoretically, I can ignore your postings.

Good luck anyway.

PQ.
  • #116
  • Oct 3, 2008 10:19am Oct 3, 2008 10:19am
"GET A LIFE"
  • #117
  • Oct 3, 2008 2:03pm Oct 3, 2008 2:03pm
Quote
Monikroc,

So you're talking theoretical pips.
Quoting monikroc
"GET A LIFE"
This is finally starting to make sense to me.

oo7_ts
  • #118
  • Dec 30, 2008 11:31am Dec 30, 2008 11:31am
I came up with the following scalper disciplines after much research.

Enjoy.
Attached Image (click to enlarge)
Click to Enlarge Name: Disciplines.png Size: 48 KB
Attached File(s)
File Type: doc 30 Disciplines for Succesful Scalping.doc   26 KB | 912 downloads
  • #119
  • Dec 30, 2008 12:06pm Dec 30, 2008 12:06pm
great thread - im all for price action and wit price action like recently scalping is the best way

just wanted to show you what my graph looks for today with all trades ( alot of them) i traded off 1min 10sec today- managed to pull off 5% with leverage no more than 5:1. - its good day, not everyday is like this.

Graph looks like christmas tree
Attached Image (click to enlarge)
Click to Enlarge Name: my super scalpng for today.jpg Size: 72 KB
  • #120
  • Edited Jan 6, 2009 9:57am Jan 5, 2009 10:00pm | Edited Jan 6, 2009 9:57am
My setup for scalping the EURUSD.
Attached Image (click to enlarge)
Click to Enlarge Name: 0setup(2048 x 1536).png Size: 626 KB
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