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NENE's 5 min Recliner Scalping strategy

  • #41
  • Jun 26, 2009 7:33am Jun 26, 2009 7:33am
Another touch. Another 11 pips if you were in it. stop was 5 pips
  • #42
  • Jun 26, 2009 7:38am Jun 26, 2009 7:38am
You can even pull Fibs with these small moves. The P/A came down and hit the 61.8 % Fib which by the way was right on the 21 EMA, what a coincidence. And then hit the UTL again for profit.

NE
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  • #43
  • Jun 26, 2009 7:40am Jun 26, 2009 7:40am
Later
  • #44
  • Jun 26, 2009 10:41am Jun 26, 2009 10:41am
I have been using martingale strategy, ( Double downing ) on each pass of this channel. This can be done with a micro account if your stops are short. Stay tuned.
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  • #45
  • Jun 26, 2009 10:42am Jun 26, 2009 10:42am
To hit that $100 goal.
  • #46
  • Jun 26, 2009 10:56am Jun 26, 2009 10:56am
There we go, another 10 doubled up. Gonna give you a peek at my account. Moving stop to B/E assures me of at least 10 and long term T/P is at 1.4034. Channel has moved below the 50 SMA and may be tradable the rest of the afternoon, however, when the candles start getting shorter, I will pack it in.
  • #47
  • Jun 26, 2009 11:00am Jun 26, 2009 11:00am
Blue Arrows show how easy this day is. I wonder how many people left today.
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  • #48
  • Jun 26, 2009 11:03am Jun 26, 2009 11:03am
So we got 10. Always good to pull profits
  • #49
  • Jun 26, 2009 11:08am Jun 26, 2009 11:08am
Crapshoot here, but should go to X on chart if it breaks the next DTL. I bought at 1.4070, before I saw the other DTL, my mistake, but I will deal with it, 10 Pip stop.
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  • #50
  • Jun 26, 2009 11:10am Jun 26, 2009 11:10am
Got a little res. at 4073, that recent top.
  • #51
  • Jun 26, 2009 11:13am Jun 26, 2009 11:13am
Aaaaaaaaaaaaaaaaaaaanother 10 comes off. Wait till the account grows baby, we will be placing standards on and taking $100-$150 per trade.

Cha-Ching
  • #52
  • Jun 26, 2009 11:18am Jun 26, 2009 11:18am
There ya go. Boom $10 to $100 in 2 days trading this little system with a micro account. Of course I took some risks, but risks with 10 pip stops are totally different than 100 pips.
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  • #53
  • Jun 26, 2009 11:23am Jun 26, 2009 11:23am
A systems a systems a system. If you don't follow the rules, you die. This system we settle for 10 and move the stop, if it keeps on going we got an extra one cruising just in case it goes.

IF YOU TRY TO GET MORE THAN 10 WITH THIS SYSTEM, YOU WILL LOSE!!! THIS IS SET UP ON THE IDEA THAT ONCE THE PAIR BOUNCES, IT WILL GO AT LEAST 10.
  • #54
  • Jun 26, 2009 11:26am Jun 26, 2009 11:26am
Here we come back for a bounce off the 8 or 21 EMA after a direction change. Keep in mind, we are heading into the afternoon on Friday. See you later.

NE
  • #55
  • Jun 26, 2009 9:00pm Jun 26, 2009 9:00pm
thanks for taking the time and showing us that forex doesnt need to be complicated read your first posts and then decided to try it and 3from 3 trade 30 pips the better please keep posting
bags
  • #56
  • Jun 26, 2009 9:11pm Jun 26, 2009 9:11pm
Okay, how did you suddenly jump from $20 to $100+ in no time ???

400% gain or something, thats NUTSO, at that rate with changing to a Mini then a Full account you'll be a millionaire in no time.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #57
  • Jun 26, 2009 10:57pm Jun 26, 2009 10:57pm
"at that rate with changing to a Mini then a Full account you'll be a millionaire in no time".

Nope, I can only do this with a micro account when it is this small. Once the account gets bigger, I will settle more and more into a MM situation. If you got any Math skills at all, you should be able to see what I am doing. Just watch my account, I have nothing to hide and I am hiding nothing. There are just to many people in here that think they know more than anyone else. Actually there are a lot of people in here who dont know a thing. I cant begin to tell you how much bad advice I have gotten in some of these threads. A lot of these threads are people guessing or wanting to know directions. And it wasn't no time, it was all day long. You got to remember, a lot of that trading was on my phone at the hospital all morning when with my son.
__________________


Quoting Turveyd
Okay, how did you suddenly jump from $20 to $100+ in no time ???

400% gain or something, thats NUTSO, at that rate with changing to a Mini then a Full account you'll be a millionaire in no time.
  • #58
  • Jun 27, 2009 12:46pm Jun 27, 2009 12:46pm
Quoting Nene
"at that rate with changing to a Mini then a Full account you'll be a millionaire in no time".

Nope, I can only do this with a micro account when it is this small. Once the account gets bigger, I will settle more and more into a MM situation. If you got any Math skills at all, you should be able to see what I am doing. Just watch my account, I have nothing to hide and I am hiding nothing. There are just to many people in here that think they know more than anyone else. Actually there are a lot of people in here who dont know a thing. I cant...
Your risking $10 and taking big chances to bump the account upto something reasonible in a short period of time, what the hell it's only $10 hey.

Either way, some good calls and some good trading.

Hope your Son's hospital issues are nothing serious!!

Actually there are a lot of people in here who dont know a thing.
98% Lose at this game and the first thing they learn is the last thing they'll learn rightly or not, sad but thats humans for you.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #59
  • Jun 27, 2009 5:49pm Jun 27, 2009 5:49pm
I just want to show that I can do it.

Quoting Turveyd
Your risking $10 and taking big chances to bump the account upto something reasonible in a short period of time, what the hell it's only $10 hey.

Either way, some good calls and some good trading.

Hope your Son's hospital issues are nothing serious!!

Actually there are a lot of people in here who dont know a thing.
98% Lose at this game and the first thing they learn is the last thing they'll learn rightly or not, sad but thats humans for you.
  • #60
  • Jun 27, 2009 7:44pm Jun 27, 2009 7:44pm
Quoting Nene
I just want to show that I can do it.

I presume you've done this with a proper ish sized account ( $200 like I'm trying to LOL ) and using this as a cause you can and distraction therapy.

And therefore already rich
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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