IanfOster, here is a small dashboard to show you strength or weakness of any particular currency. Place it in your experts file.
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scalping strategy 27 replies
Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies
Scalping PIPs? 5 replies
1M & 5M Scalping System (Scalping Paradise) 21 replies
Scalping 100 pips?! 3 replies
DislikedEdge, or anyone with the answer: I'm going back to Post #1 and starting over. What does "PA violation--IT MUST BREACH THE M.A." mean?Ignored
Disliked+44 fresh pips.
I am trading 2 minis, one runs with tp sugested by edge and as soon as tp is hit I move second mini to be and let it run. I'll be testing this a couple of weeks to see if this aproach is more profitable than just sticking to edge's suggested tp.
The wining trade was taken without mtf trix confirmation because price was bouncing off of the confluence of strong resistance and fibo level.
This makes over 110 pips (live account) for this week and only took me about 3 hours of trading.
Great system.Ignored
Disliked+10 and free risk riding the second mini.
The greedy side is strong too. (closing metatrader after this one I promiss)Ignored
DislikedEdge - read the entire thread over the weekend and am learning a lot in the last two days of live trading (and taking some necessary lumps).
The only area of confusion for me is bailing out of failing trades. I've seen several different approaches taken here (fixed SL of 20-30, a bar closing on the wrong side of the MA, PA passing through the MA) and wonder what you suggest. I understand that it's hard to generalize but I feel that excessive losses on uncooperative trades is my biggest headache. If you could speak to this subject I'm sure it would...Ignored
DislikedSorry Mary,
To much to do here. Just finished the edit of page 1 (again).
Set it up with only the indi's shown there now.
Also, make sure ALL alarms are turned off. (Tools, Options, Events, uncheck the enable box).
Regards.Ignored
DislikedEdge, I see the sm UltraSuperTrix v.1 has been changed to the sm SuperTrix PV4 Color. Couldn't find the "Ultra" anyway... Thanks.Ignored
DislikedHi all,
Here is an interesting set up on the GU this afternoon (see attached) Two opposing signals at the same time but on different time lines.
I take it we avoid these areas (possible consolidation) until PA resolves the situation?
NickIgnored
DislikedMy results for today are 13 trades 4 losses total of +11 pips.
Progress made:-
1. I have refined my entry strategy.
1a. And once I had done so, I stuck to it.
2. I refined my exit at a loss strategy. Unfortunately made a mistake on one trade and inadvertantly set disaster SL inside my chosen MA and so exited prematurely - trade would have gone on to be a winner. Net loss 25 pips
Mistakes made:-
1. Getting in late (once because I forgot which chart of the 4 I had last clicked on and so brought up Order for the wrong pair).
2. Thinking my TP was...Ignored
DislikedHi,
who from you has the code for the HG_ooo1a indicator which is developed by Tudorgirl??Ignored
DislikedThat is a tough one and EVERYONE here has struggled with this issue.
In trading C4 at +5 levels, I think taking a -20 loss is too excessive.
-10 to -13 should be about the most you take. As PA moves against you and crosses the MA opposite your trade, that is about it for me. On the surface, the R/R stinks. However, that is the nature of 5m scalping. Just a numbers game.
Regards.Ignored
DislikedHere are my trades from today.
8 trades + 59 pips
I'm finding that "less is more" as Edge would put it.
AttachmentIgnored