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Attachments: Scalping 10 sec., 30 sec., M1
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Scalping 10 sec., 30 sec., M1

  • #141
  • Mar 1, 2010 8:00pm Mar 1, 2010 8:00pm
Hey Cube, did you get in on the move @ 0505 am today on the gbp/jpy 300 pips ?? using your system I gained +27 today eur/usd,thanxs...
  • #142
  • Mar 1, 2010 9:54pm Mar 1, 2010 9:54pm
Forexcube,

what is the probability of blowing an account with your method according to you ? Also each day when you start trading do you know blowing your account is nearby or do you feel secure with your method ?

I would appreciate an answer without considering the fact that your account now is funded with profits from previous trades only.
  • #143
  • Mar 2, 2010 5:42am Mar 2, 2010 5:42am
Hi,

I tried with some success on the 10 sec yesterday and did ok, around 30 pips in one hour. There were some nice thrusts that mainly contributed positively to my pip tally. But today it's really break even after one hour. I think volatility is lower, my ADX is between 20 to 30. Do you think we should get better results and have a rule of trading the 10sec when ADX is say above 30 ?
Will keep working on it.
  • #144
  • Mar 2, 2010 6:41am Mar 2, 2010 6:41am
Quoting m78
Forexcube,

what is the probability of blowing an account with your method according to you ? Also each day when you start trading do you know blowing your account is nearby or do you feel secure with your method ?

I would appreciate an answer without considering the fact that your account now is funded with profits from previous trades only.

Hello m78

I want only post this greatful trading system here on board. I don't want give any advice about everybody's risk style or money management, an infinitive deal more not because I have my own risk coping which you can't compare with the normal settings.

This system works with normal RM and MM settings.

But don't make the mistake and compare my advanced trading results and my RR and RM concept with others.

We want all here learn and want to earn money with forex trading concepts. That's all.

If you prefere to put this system up against the wall then do it! It's not my intention.

Do you think I am such a conceited idiot who's intention is to mislead all the sincere trader persons here on board and give them a bum stear?

What a underhand and stupid question, youngster!

FX Cube
  • #145
  • Edited 7:06am Mar 2, 2010 6:48am | Edited 7:06am
Quoting pipdigging
Hi,

I tried with some success on the 10 sec yesterday and did ok, around 30 pips in one hour. There were some nice thrusts that mainly contributed positively to my pip tally. But today it's really break even after one hour. I think volatility is lower, my ADX is between 20 to 30. Do you think we should get better results and have a rule of trading the 10sec when ADX is say above 30 ?
Will keep working on it.
Hello pipdigging

Keep on trying with ADX > 30. When you trade better in this manner, so if it might be better for you then to continue in this style.

May be you can take a look at M1 and if there eg. ADX >20 then it could be a signal for you to trade the 10 sec. chart.

Another possible rule for working out:
You could also wait if the candle crosses the GannHiLo at M1 and closed on the counterpart side and then you make only trades with 10 sec. in the same direction as M1.

Or
Look at the -DI and the +DI Lines if they crosses at M1 so trade this direction with 10 sec.

Adapt all these indicators and this trading system to your own trading style and work out which is the best for you. May be that you have to put other indicators in such a 10 sec. system. Compare this system with other 10 sec. trading system in the trader community. May be there is like this: putting here and there s.th. together and there is a chance!

Hope you'll give us your results next time.

Kindest regards

FX Cube
  • #146
  • Mar 2, 2010 6:52am Mar 2, 2010 6:52am
Since I am new to this forum, may I kindly ask if any of you has actually traded with real money on such short time frames with any degree of continuous success, like 3 months or so?
  • #147
  • Mar 2, 2010 7:10am Mar 2, 2010 7:10am
Quoting takef586
Since I am new to this forum, may I kindly ask if any of you has actually traded with real money on such short time frames with any degree of continuous success, like 3 months or so?

Sorry take586

This trading system is here on public board since 2010 Febr. 24.
So if this systems works for other traders will show the time, I think.

Kindest regards

FX Cube
  • #148
  • Mar 2, 2010 7:41am Mar 2, 2010 7:41am
I am not trying to ruin your feast. However, since I have an extensive experience in trading forex short term, I am convinced that testing anything on a demo is pointless. It is also pointless to make any short term system "react" to anything, like indicators or triggers. You have to have your limit or stop order in the market before any signal takes place, because otherwise you are trading on history. What I mean, is that you will get too much slippage to make any short term trading system viable. The last time I traded EURUSD every day for 10 hours for a year, and I was making money, my average trade was around 2.5 pips, and I had all the possible professional tools at my disposal and paid no commission. Therefore, I assume that if I wanted to trade the same way as a retail trader on a theoretical fair retail platform ( which does not exist), my average trade would probably be negative. If you actually factor in an average real retail trading platform, I imagine it would be hugely negative. This is my point, and so this is why I would like to know if anybody of you can prove me wrong.
  • #149
  • Edited 8:13am Mar 2, 2010 7:59am | Edited 8:13am
Trading Example - Life Recorded (TELF)
"Scalping, Trade Example 10 sec., 2010 March 02, 14h28.flv" (EURUSD, 10 sec.) - Length: 3:48 min., (without voice).

http://www.myotherdrive.com/dyn/pv/2...0.6a65fi?sort=

http://www.myotherdrive.com/images/icons/film.gif
Scalping, Trade Example 10 sec., 2010 March 02, 14h28.flv

Advanced trading level
This is an example where trading in an upwards trend (M1) the downward move at 10 sec. only for a very short time. 10 sec. candles has reached the upper Bollinger Band at 1.3565. The pivot was P 1.3558. It was a good chance to trade short term enter short, before price action is running till 1.3598.

Beginner level trader might have to take a look to trade in the direction of M1 or M5 if trading 10 sec.

Kindest regards

FX Cube
  • #150
  • Edited 8:30am Mar 2, 2010 8:16am | Edited 8:30am
Quoting takef586
I am not trying to ruin your feast. However, since I have an extensive experience in trading forex short term, I am convinced that testing anything on a demo is pointless. It is also pointless to make any short term system "react" to anything, like indicators or triggers. You have to have your limit or stop order in the market before any signal takes place, because otherwise you are trading on history. What I mean, is that you will get too much slippage to make any short term trading system viable. The last time I traded EURUSD every day for 10...

Hello takef586

If you will lead a discussion about sense and non-sense of Demo Accounts and scalping it serves you well when you open a thread with this special topic!

Have deference that here on a public board no one will give his real account data and this isn't intended by the brokers, too. They give warnings not to do this.

It might also no sense if everybody tells now. "ohhhhh I have earned on really account 5'000.-$ or 15'00.-$ or 200-$ in one day, ...week, ...month, ...year. Nobody could control this.

What's your intention?

I can tell you that I get at my e-mail account constructive comments from real account scalping traders who trade the scalping style since several years and on other thread here at "forexfactory" is a great discussion which broker allows scalping and offer a fair way. Perhaps you have to go there with your opinion, it seems the superior platform for this kind of discussion.

I know the problems of requotes, too. I have change the mt4 broker over 10 times and i am not really happy about these which I have yet. I think they grab too much of the wins to this day.

I like critical comments and reviews and animadversions.

Kindest regards

FX Cube
  • #151
  • Mar 2, 2010 8:25am Mar 2, 2010 8:25am
Forexcube,
I know this might sound discouraging, but I have actually traded on Oanda with real money, and I can tell you, that unless you are kind enough to start losing your money off the bat and fast, they will not let you make anything.
Oanda used to be less impatient with customers some years ago, but nowadays they do not even hedge, and if you by any chance start showing several thousand USD of profit in your account, you will see how big their imagination is in scamming people. My last trade was done on the "play it again Sam" part of their repertoire: they start replaying the stream from 5 or 10 minutes ago, so for example if EURUSD went sharply lower, your nice short position will suddenly start showing a loss, or be at breakeven, as they will be displaying a price 30 or so pips higher.
If you sell more, then, bad luck,the fill will be 30 pips lower , and they will say it was a technical problem at the chart level, if you buy, then obviously you will be filled 30 pips above the market and according to them all will be correct. In short, your real spread will be 30 pips. You cannot do them anything, because they never claim that you can trade on the prices they display anyway.

So, to sum up, I remain unconvinced.
  • #152
  • Edited 8:49am Mar 2, 2010 8:37am | Edited 8:49am
Quoting takef586
Forexcube,
I know this might sound discouraging, but I have actually traded on Oanda with real money, and I can tell you, that unless you are kind enough to start losing your money off the bat and fast, they will not let you make anything.
Oanda used to be less impatient with customers some years ago, but nowadays they do not even hedge, and if you by any chance start showing several thousand USD of profit in your account, you will see how big their imagination is in scamming people. My last trade was done on the "play it again Sam" part of their...
I know this serious problem at the broker. Oanda have had the same practice to me once once time ago. I have written a fierce opposition and have demand that they correct this position. They have make this with my account. At other brokers I have hade the lessons learned like you. What have I make then? Change the broker directly.

Why don't you change the broker then?

Tip: Brokers didn't like it when they are making bad on forex forum. This is a "powerful speech". You post the corrupt practice at several forex forums, then write the broker and give them a link. Most of the part they move forward and discuss with you what about to rectify. A forex forum has a great power at the forex community and no broker will come into bad repute.

Kindest regards

Forexcube
  • #153
  • Mar 2, 2010 9:07am Mar 2, 2010 9:07am
There is no point in doing that, because you are in no position to negotiate anything, and your money is always at risk. The only solution is to trade currency futures through a reliable broker. This way you get what you see. The spreads migh not be ideal, but the prices are real, and you can trade on your price.
  • #154
  • Mar 2, 2010 9:09am Mar 2, 2010 9:09am
Quoting takef586
There is no point in doing that, because you are in no position to negotiate anything, and your money is always at risk. The only solution is to trade currency futures through a reliable broker. This way you get what you see. The spreads migh not be ideal, but the prices are real, and you can trade on your price.

I know a lot of traders who prefere the futures!

Which "future broker" would you take then?
  • #155
  • Edited 9:42am Mar 2, 2010 9:31am | Edited 9:42am
Trade Example EURUSD, M1, 2010 February 02

If ADX at EURUSD M5 getting greater it could be an advantage let one or two orders running with the M5.

Look at M1.

If trend is strong at M5 than there is no need to go out at M1.

If you trade strong after the rules at M1 you have to go out and in and out and in and out and in,.... Look at the arrows.

Sometimes it's better not trading after the rules when market situation gives better signals!

This concept is MTF "Multiple Time Frame". You take a look at the next or two higher time frames. If trading 10 sec., look at M1 and M5, if trading M1 look at M5 and M15.

I prefer to trade in stronger market trends more a "cascading style" to go in the market with several orders, go out with a few, let the other running and go in with several orders,..., and so on. Here I could trade all timeframes of this trading concept simultaneously 10 sec. and M1 with a more global view at M5. Other like go one time in and let this order run into the full win.

Kindest regards

FX Cube
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD, M1, 2010 March 02.jpg Size: 115 KB
Click to Enlarge Name: EURUSD, M5, 2010 March 02.jpg Size: 147 KB
  • #156
  • Mar 2, 2010 10:30am Mar 2, 2010 10:30am
this system is so clean and reliable. very good for busy traders like me and i'm really grateful. this has put a lot of relief on my trading. still testing but gaining tremendous result with it. thanks
  • #157
  • Mar 2, 2010 10:38am Mar 2, 2010 10:38am
Opinion Poll

It could be an advantage, if some traders trade this system with his real account and gives his comments here on board if it is a go with this system and with his broker.
  • #158
  • Mar 2, 2010 10:47am Mar 2, 2010 10:47am
this system is so clean and reliable. very good for busy traders like me and i'm really grateful. this has put a lot of relief on my trading. still testing but gaining tremendous result with it. thanks
  • #159
  • Mar 2, 2010 10:48am Mar 2, 2010 10:48am
I make good experience with a real Account at Oanda and this scalping style till now.

If they will act corruptly I will tell this directly.
  • #160
  • Mar 2, 2010 11:01am Mar 2, 2010 11:01am
hello forexcube...
im so interesting your system but im want to know how RSI & CCI can be combine in one window indicator link...i hope u can teach to me to combine CCI & RSI...thanks
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