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TraCop-1%

  • #341
  • Jan 12, 2010 4:13am Jan 12, 2010 4:13am
TraCop - Scalping trades on TF M1 with Accounts smaller than 5000 .- $ due to the high risc fact.

Example see attachment, please.

EURUSD, M1; GBPUSD, M1; USDCHF, M1

Result: Doubling an 5'000.-$ Account in one day?

TraCop-1% - HM*
update
Account Deposit: 5'000.- $
Target: High Risc Scalping
Open Day: 2010 January 08
Status quo: 2010 January 12
Closed Trade P/L: 7'656.33 $
Floating P/L: -8.64 $
Equity: 12'647.69 $
Balance: 12'656.33 $
Profit: + 7'647.69 $
Account History File:
see attachment

*The name HM is a byword for "Higher Manual Trading" and could in conjunction with TraCop-Strategy only used by experienced traders.
Attached File(s)
File Type: pdf TraCop - 1 - HR, 2010 January 12.pdf   23 KB | 282 downloads
  • #342
  • Jan 12, 2010 5:04am Jan 12, 2010 5:04am
Thanks for the continued posts.

When you are doing the HM trading, are you simply scalping?

To best hedge risk do you look to hedge with the same currency or do you look to enter another currency for instance buy on lot eur/usd and if the trade goes against buy one lot of usd/chf?

I am curious how you calculate risk for yourself, I know there are all types of MM out there. But you need to be quick with the computing while scalping.

Maybe I will see you on Skype.

Thanks for the messages and perhaps will meet you one day while in CH.
  • #343
  • Jan 12, 2010 6:18am Jan 12, 2010 6:18am
Quoting Forexcube
TraCop - Scalping trades on TF M1 with Accounts smaller than 5000 .- $ due to the high risc fact.

Example see attachment, please.

EURUSD, M1; GBPUSD, M1; USDCHF, M1

Result: Doubling an 5'000.-$ Account in one day?

TraCop-1% - HM*
update
Account Deposit: 5'000.- $
Target: High Risc Scalping
Open Day: 2010 January 08
Status quo: 2010 January 12
Closed Trade P/L: 7'656.33 $
Floating P/L: -8.64 $
Equity: 12'647.69 $
[size=2]Balance:...
Looks like, you are closing your trade for just 1 pip or sometimes even lesser than that... I believe we need to be very quick in that.

Your are very fast in executing the trades I guess
  • #344
  • Jan 12, 2010 6:20am Jan 12, 2010 6:20am
hi forexcube...downloaded your template, and my ADX nevergot above 30, muchless >70...also my chart has a yellow box at the current time, covering the past day and current day..olease explain..
  • #345
  • Jan 12, 2010 6:44am Jan 12, 2010 6:44am
Quoting sfg7th
hi forexcube...downloaded your template, and my ADX nevergot above 30, muchless >70...also my chart has a yellow box at the current time, covering the past day and current day..olease explain..

Hi sfg7th

That doesn't sound fine!
May I ask you what broker you have? Open a Demo Account at Alpari UK and try it there, please. And then could you put it on this screen here, please.

Kindest regards
  • #346
  • Edited 8:24am Jan 12, 2010 6:50am | Edited 8:24am
Quoting Randall
Thanks for the continued posts.

When you are doing the HM trading, are you simply scalping?

To best hedge risk do you look to hedge with the same currency or do you look to enter another currency for instance buy on lot eur/usd and if the trade goes against buy one lot of usd/chf?

I am curious how you calculate risk for yourself, I know there are all types of MM out there. But you need to be quick with the computing while scalping.

Maybe I will see you on Skype.

Thanks for the messages and perhaps will meet you one day while in CH.

Hi Randall

I look at volatility and how fast market is going on.

I will make some expamples here online this week.

Kindest regards

Forexcube
  • #347
  • Jan 12, 2010 6:54am Jan 12, 2010 6:54am
Quoting Randall
Thanks for the continued posts.

When you are doing the HM trading, are you simply scalping?
When profit account grows I'll hold trades a little longer.
With 5 Lots I look only short time, unless market prices will go only in one direction! Then I let the winning trade run and may be take a trailing stop.

Kindest regards
  • #348
  • Jan 12, 2010 6:58am Jan 12, 2010 6:58am
Quoting Randall
Thanks for the continued posts.

To best hedge risk do you look to hedge with the same currency or do you look to enter another currency for instance buy on lot eur/usd and if the trade goes against buy one lot of usd/chf?
Oh yes, on one hand I hedge the same currency and on the other side I look for correlated currencies and trade there a little.

Example: When I trade EURUSD, M1 I look at EURUSD M5 and M30, EURJPY, M1, GBPJPY, M1 and USDJPY, M1/M5 and a negative correlated one USDCHF M1, M30, H1.

All are good for that!

Last Friday when I doubled this account the EURJPY was negativ, this currency pair didn't go in that moment in the same direction as expected, so I have exit this trade, but when I would had have more deposit on this 5'000.-$ account, may be I would have entered a hedge one or would have run it further for around 30 minutes, but Friday afternoon isn't my preferred trading day.



Kindest regards
  • #349
  • Jan 12, 2010 7:06am Jan 12, 2010 7:06am
Quoting Forexcube
TraCop - Scalping trades on TF M1 with Accounts smaller than 5000 .- $ due to the high risc fact.

Example see attachment, please.

EURUSD, M1; GBPUSD, M1; USDCHF, M1

Result: Doubling an 5'000.-$ Account in one day?

TraCop-1% - HM*
update
Account Deposit: 5'000.- $
Target: High Risc Scalping
Open Day: 2010 January 08
Status quo: 2010 January 12
Closed Trade P/L: 7'656.33 $
Floating P/L: -8.64 $
Equity: 12'647.69 $
[size=2]Balance:...
Hallo!
Are you trading M1 or MTF looking M5 and other Time frames... I tried to trade M1 looking for M5 for me it looks easier
it's o'k to win ...
  • #350
  • Jan 12, 2010 7:10am Jan 12, 2010 7:10am
Quoting Forexcube
Oh yes, on one hand I hedge the same currency and on the other side I look for correlated currencies and trade there a little.

Example: When I trade EURUSD, M1 I look at EURUSD M5 and M30, EURJPY, M1, GBPJPY, M1 and USDJPY, M1/M5 and a negative correlated one USDCHF M1, M30, H1.

All are good for that!

Last Friday when I doubled this account the EURJPY was negativ, this currency pair didn't go in that moment in the same direction as expected, so I have exit this trade, but when I would had have more deposit on this 5'000.-$ account, may...
You replied my question too ;-)
it's o'k to win ...
  • #351
  • Jan 12, 2010 7:12am Jan 12, 2010 7:12am
EURUSD
Market is very volatile now up and down. Great time for scalping.

Monitor M1!

This one you can trade very easy.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, M1, 2010 January 12, 14h12 GMT+1.jpg Size: 169 KB
  • #352
  • Jan 12, 2010 7:25am Jan 12, 2010 7:25am
Hi ForexCube,

Do you have a skype id where we can chat and understand the concepts clearly....

Thanks,
Prakash
  • #353
  • Jan 12, 2010 7:28am Jan 12, 2010 7:28am
Quoting reachjj
Hi ForexCube,

Do you have a skype id where we can chat and understand the concepts clearly....

Thanks,
Prakash
My Skype is "Forex.Swiss"

When I trade I haven't much time to phone. From time to time you could contact me there. Yes, of course. Chat is OKAY.

Kindest regards
  • #354
  • Jan 12, 2010 7:38am Jan 12, 2010 7:38am
Quoting Forexcube
My Skype is "Forex.Swiss"

When I trade I haven't much time to phone. From time to time you could contact me there. Yes, of course. Chat is OKAY.

Kindest regards
Thanks,
I added you in skype.....
  • #355
  • Edited 1:45pm Jan 12, 2010 8:08am | Edited 1:45pm
Originally Posted by Forexcube http://cdn.forexfactory.com/images/buttons/viewpost.gif
TraCop - Scalping trades on TF M1 with Accounts smaller than 5000 .- $ due to the high risc fact.

Example see attachment, please.

EURUSD, M1; GBPUSD, M1; USDCHF, M1

Result: Doubling an 5'000.-$ Account in one day?

TraCop-1% - HM*
update
Account Deposit: 5'000.- $
Target: High Risc Scalping
Open Day: 2010 January 08
 Status quo: 2010 January 12, 14h35 GMT+1
Closed Trade P/L: 11'491.92 $
Floating P/L: -721.75 $
Equity: 15'770.17 $
Balance: 16'491.92 $
Profit: +10'770.17 $
Attached File(s)
File Type: pdf TraCop - 1 - HR, 2010 January 12, 14h35 GMT +1.pdf   24 KB | 281 downloads
  • #356
  • Jan 12, 2010 8:29am Jan 12, 2010 8:29am
Quoting zenseven
Hallo!
Are you trading M1 or MTF looking M5 and other Time frames... I tried to trade M1 looking for M5 for me it looks easier
Hi zenseven

Good Luck!

Kindest regards
  • #357
  • Jan 12, 2010 6:58pm Jan 12, 2010 6:58pm
Quoting Forexcube
Hi spak3060

May be I don't completely understand your task.

Could you please let me know details information?

Kindest regards
Hi Forexcube,
I mean that, you enter the answers of the trader's question mixed within explanation of your strategy in your manual.

Best Regards
  • #358
  • Jan 12, 2010 7:26pm Jan 12, 2010 7:26pm
Quoting Forexcube
Hello spak3060

Do you mean this one on page 3?

"Option 2
using a trailing stop for an uptrend a trailing stop is activated for the first time when EMA 9/20 crossover confirm the entry point ( to serve as a rule: 1 – 3 bars later). A trailing stop is placed below the previous bar's lowest price and is moved with each new price bar on the second higher time frame (if you trade H4 monitor Daily whereas with M5 trading, take M15 - if you trade M15 take M30). This strategy allows to accurate pin-point good entries with sound money management...
Hi Dear Forexcube,
you explained your manual again, but I want to know that when we want exit for e.g. M5, first we must see the crossover EMA9/20 in both of M5 and M15 or it must be checked on M5 only.

Best Regards
  • #359
  • Jan 12, 2010 7:32pm Jan 12, 2010 7:32pm
Hi Forexcube,
Would you explain the tasks of EMA55/120/200 on MTFA.

Best Regrds
  • #360
  • Edited 1:27am Jan 13, 2010 1:06am | Edited 1:27am
Quoting spak3060
Hi Dear Forexcube,
you explained your manual again, but I want to know that when we want exit for e.g. M5, first we must see the crossover EMA9/20 in both of M5 and M15 or it must be checked on M5 only.
Best Regards

It depends which timeframe you trade. If you trade M5 and you don't see a main trend on M15 it might be better go out at M5 EMA9/20 crossover.
When there is a volatile market (up and down) may be it's better monitor M1 and go out at EMA9/20 crossover point there. It depends further where you stay in the market, might be there are any Pivot Points, Support Resistance Lines, etc.

See basic knowlegde, please
"Which timeframe should I trade?"
http://www.babypips.com/school/which...d_i_trade.html

furher see P.4, #57
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