F4's Journal

Hi carlito you may have thought of it but you could move your stop to BE at + 10 pips profit giving you a risk free trade.

Hi F4
Thankyou for the thread. I use the double cci with sma that I first saw used here. I was wondering if the mt4 EA for trailing stop ,b/even command etc you mentioned in post#724 is something you could share with us please. It may help carlito with his losing trades above if he uses mt4. if it can ensure that a winner never becomes a loser then it is good news. In my experience most trades that go +15 then come back to b/even hardly ever return to become huge winners in the original direction. They may return to +15 or slightly above but the result was taking it the first time. On m1,10 to 15 per set up is a good result. Even better if any losses can be kept to zero. Of course the other way is to split your bet and take half at 10 or 15, the the other half to b/even and trail it it up if it goes.
Andy

thanks every one for your suggestions, indeed a tp at 10 pips could be a good solution for scalping, if i put a tp a 15/20/25 on a pivot or round number as a target i should put the stop at breakeven as soon as it it profitable of 10 pips, it should make the trading more repetitive and less risky will try it next week.
good week end to every one here ! see ya!

OFFTOPIC: Kino, I sent you an e-mail throught ff, could you please take a look at it?

hi, good morning this monday

here trades so far

+13
-6
+10

last one long did not do it, it was in ribbon but it worked, lol. btw the loss i took i should have not taken the trade, pivot there, but i was sleepy.

here is my trade this mroning, entry on a classic set up exit 10 pips, fast scalp , here is the chart

very nice carlito, did same one:

+13
+7

here another short

+22

i took the same but was not patient enough took only +14 , i think a solution to make more pips would be to set a target at pivot (superior to my initial risk ) and trailing stop behind ema 34 so that the average winner would be bigger than the average loser....gonna work on it.....

well in this case 14 pips is good because, the reason i could take more it was because broke pivot relatively fast so then next pivot was target, but many times i take first pivot so it is fine, not always we get all the pips.

here the rest of the day

+3
+2
+3

very small, lol

this one is not live, signal minutes before news, and first long of the day, so just practice.

i did the same demo trade with a tp at S2 for a ten pip profit lol

first live trade of the day +13 clasic set up exit on pivot, here is the chart.

very nice carlito took same one, target pivot +9

her is a long trade i did, trailing stop behind the 34 chanel it has reached +10 then reverse exit -5 , my target was 1.4000 ......

here is a demo trade, why demo? because the signal it is inside ribbons so i would not take it live, although here is a nice example of how even inside noise we can control to a certain point the market, signal is inside the lightest ribbon, it could make it to the end of it where i set target already.

today 5 minute was perfect but i don't trade it for the moment so i jusst did a quick scalp to s1 on the 1 minute, here is the chart:

the 5 minute chart i did on demo with exit at S1 for 53 pips:

it is very nice to see your charts carlito, maybe i was thinking that we could add to the chart a live demo in real time so people is able to see they are live trades and not a trade spotted after everything happened, that way we can show entry and target before it hits, even better, what do you think?

i toally agree with you for the 5 minute chart it is possible to post entry stop and target, but for the 1 minute charts, it is more difficult because it is very stressing and fast, so managing the trades and posting at the same time will be alittle bit disturbing according to me.
i agree to try it on the 5 minute chart , maybe my 5minutes demo trade could be interesting for some of you who trade the 5 minutes, i hope so anyway...
for the moment i trade live 1 minute and demo on 5 minutes, if my trading becomes overall profitable i will try live those two time frames....
see ya tomorow