5 minute trade

Scalping on 1M Chart
trading 50 per trade taking 1-2 pips profit

Good work killah!

How to handle losses tho? Relative to TP 1-2?

thanks im just pushing it.

im working on that im trying to get use to the 1m trading for me is base on pip size

Fabru. Your system is very interesting however "You" are flawed and very reckless in your trading. I would like the opportunity to study with you in-depth and give you some constructive criticism. Especially if you are a strapping young man.

There are a few flaws with your system I would like to address:

1. You had a loss above $3000 for one trade. This is unacceptable; that one lose erased all your gains the entire week. (Money Management) is
key.

2. You take too many trades per day. You need to limit your risk. You know how to limit risk? Stay out of the market unless a high probability trade presents itself.

Someone with your limited intelligence and lack of experience needs to be a little more selective in the trades you take.

I am posting a trade using my system (Which is a professional system with professional and stupendous results) The trade I am about to show you gave me 55 pips in less than 30 minutes.

Once you pick your jaw up off the floor Mr. Fabrau30 you will realize you have a lot to learn and before you go and blow up your "Live" account I suggest you put your brain to use.

I will be stopping by from time to time to help you along your journey to FOREX riches and glory.

Thanks and Happy Trading

Master Tater

Attached Image (click to enlarge)

Master Tater,
What are your indicators that are on your screen?
Ron

hi Albert thanks for your input your criticism are welcome here and yes i need the couching please help me out to understand the forex world better i don't want to make the same mistake again and again. I know i can make money in forex but like you said one trade will wipe all my gains i want to keep them. my goal are $300-$500 per day if is possible so please feel free to express your self Albert your knowledge is appreciate and thank for pointing out my mistakes.

enjoy

You're so sad...some wacked out freak who gets joy from some supergeeked alter-ego he devises on a forex forum

hi sim how is your trading going

Hi,
When I added this indicator, I have 4 solid Green lines. Something must be wrong?
Ron

is telling you to go long and check with the other indicator to confirm it validation

10 lot $36.05 after commission

When the market is trending the system is more accurate is like you can see the price action.

IMHO adding (numerous) indicators to your chart will not make you a better trader. Mr. Tater Head's chart looks like it belongs in the "sick chart forum" and he would be one of the last people that I would want to take advice from.

You had a decent 'method' so just keep practicing and trying to make your winners larger than the losers. By the way, with a 60% to 70% win rate you could still make money even if your average loss is larger than the average win.

Best Regards.... keep the pips flowing !

thanks for your opinion i feel my method work or it been working for me. Where am confuse is about the size of the trade i mean lot. IF i increase my lot size i could do less trade for the day but i increase the chances to have a bigger loss, and if i i do smaller lot size i need to do more trade, but the chances are smaller to have a bigger loss.

You use DSS bressert, THV4 and TRO SupRes for indicator, can you describe the use that indicators ?

thanks

Hi fabreu,

I live in spain now as well,maybe we can go out for a beer and talk about pips

anyway,I trade with your method as I said and it seems fine so far.

I didn't load everything you posted and I only use the EMA,the DSS,MACD and RSI.I preffer to keep it simple.

They way I do it is to keep an eye on the EMA to see the cross and as soon as it does keep an eye on RSI and Macd .
RSI must be above 50 for a buy but not bigger that 68.for a sell smaller than 50 but not smaller than 32.you can set up the RSI adding 3 level lines to be easier(32,50,68)
If you check it on the charts you will see that if the RSI reaches 68 soon after there will be a trend reversal.the same happens with the 32 level.

So if EMA crosses each other,if the DSS indicates a trend if RSI is above or below 50 only then I make a moove.I look as well on the MACD formation to confirm the moove.

It seems to work.
I advise to use a SL and TP and to do this transactions on demo as you were doing it on live.small amounts to see how much you can gain.
I would like to keep it to a 40-50 USD per day for the start and later to grow.

My first live acc was opened with 30 eur,made them 140 in 2 days and it has been whiped out with a big loss of 70 eur and some other small ones.

so....SL is the king and minilots will help a lot here.


110322922010.02.09 17:29sell0.10eurusdb1.369770.000000.000002010.02.09 17:311.369560.000.000.002.10110325722010.02.09 17:33buy0.10eurusdb1.373550.000000.000002010.02.09 17:351.374560.000.000.0010.10110327962010.02.09 17:36buy0.10eurusdb1.374600.000000.000002010.02.09 17:371.375250.000.000.006.50110328832010.02.09 17:38buy0.10eurusdb1.375510.000000.000002010.02.09 17:401.376740.000.000.0012.30110334642010.02.09 17:51buy0.10eurusdb1.379490.000000.000002010.02.09 17:541.380690.000.000.0012.00110336482010.02.09 17:55buy0.10eurusdb1.381280.000000.000002010.02.09 17:581.379810.000.000.00-14.70110337552010.02.09 18:00sell0.10eurusdb1.379300.000001.376702010.02.09 18:411.376700.000.000.0026.00110347512010.02.09 18:42sell3.00eurusdb1.378220.000000.000002010.02.09 18:421.377090.000.000.00339.00110348092010.02.09 18:42sell1.00eurusdb1.376380.000001.374702010.02.10 05:221.374700.000.00-1.82168.00110519402010.02.10 11:48buy0.10eurusdb1.379350.000000.000002010.02.10 12:001.378740.000.000.00-6.10110524522010.02.10 12:00sell0.10eurusdb1.378740.000000.000002010.02.10 12:041.379620.000.000.00-8.80110529872010.02.10 12:14buy0.10eurusdb1.379460.000000.000002010.02.10 12:191.380140.000.000.006.80110530282010.02.10 12:15buy4.00eurusdb1.379860.000000.000002010.02.10 12:181.380040.000.000.0072.00

Hi that will be cool when i master forex ill give you a call to go for that beer i want to go to spain for vacation with my girfriend, Thanks for the kind words they are very helpful is good to know there are good people out there willing to help other.

Yes when i start ill do my best to keep it small or micro lot how they call it here the way i see it is the less trade you do for the day the more chance you have to keep you money. I think maybe doing 5-10 lot would be okay for me and try to reach $100 per day remember im just trying to master my own system this is my first week trying it. so far i only had few lost. What is great is that is more wining the losses

I short
10 lot $34