NENE's 5 min Recliner Scalping strategy

Hello and welcome to my, "Sit back in your recliner and trade, thread"

SOMEONE HAD TO CREATE A NICHE!!

This will be about the simplest way anyone has ever traded. There will be:

NO INDICATORS!!!
NO E/A's
NO GARTLEYS
NO BATS OR BELFRYS
NO BUTTERFLYS

Just a few simple MA's and Trendlines. Great for newbys because it will teach you the fundamentals of trading.

TEMPLATE BELOW.

WANT A SNEAK PEAK???
LOOK BELOW

THIS THREAD IS DEDICATED TO TAMKRAS. I KNOW YOU ARE OUT THERE SOMEWHERE. THANK YOU, TAMARA!

MICRO ACCOUNT GOALS:
1ST GOAL: $20.00 REACHED POST # 35
2ND GOAL: $50.00 REACHED WHILE OUT
3RD GOAL: $100.00
4TH GOAL: $500.00
5TH GOAL: $1000.00
6TH GOAL: $2000.00
7TH GOAL: $5000.00

GOALS WILL BE ADDED LATER.

Probably not going to start till tonight.

NE

There will not be many trades looking for more than 20 pips. It will be 10 to 20 pips with very short stops. Most of the time will be spent drawing and erasing trendlines. Example break trade below I just took.

Possible triangle here. They are tradable, however, we need to interupt our trades because this particular example has the 50 SMA running right down the middle and the P/A is respecting it.

I am plus 41 Pips this morning on this strategy and I am working to prove a point.

I am using an old account with $10 in it using a micro scheme and will build this from the ground up. They say it couldn't be done......I dont believe it.

I will also be showing the account so you don't think I am kidding.

I just moved my stop to B/E +2 so I will profit at least 2 pips here.

Total T/P is always directly below the current candle at the trendline in this case + 2 pips. EX: 1.3914

It will change with each new candle or so. So the quicker it gets there the more pips you will get. Of course you can take profit any time you see fit.

Ne

+9 here now and usually we would be taking TP1 here, I am letting it go to see if I can get the whole triangle. I cant lose any here and I am up 41 today so no biggy.

Ne

It would be nice to have something on the chart that can let us know what the trend is on the 1 Hr chart. That way we could risk more in trades with the long term trend direction. Notice how it turned at the 21 EMA here.

Ne

At the hospital with my boy. See you later.

strategy update!

+43 pips this morning

Sorry, before I leave. I need someone to help me moderate this room since I am constantly at the hospital. Its easy to learn. Let me know.

Be back later.

NE

Good evening, I have been blowing away this little triangle and it fits in with our little nitche. Its down to the 12-13 pip range and to look at the clock, it will be probably breaking out soon.

NE

Got a breakout of the triangle and will trade this long to the next high, (1.4013),

+84 Pips today so far.

Ne

Hi! Glad to hear you had a successful trading day. Whats are your thoughts on scalping...any pointers?

I added this new UTL here. Creating a tradable area in case it bounces.

Just stay in tune here.