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  • #441
  • Feb 16, 2010 10:05am Feb 16, 2010 10:05am
That's hard to answer as I don't know what my edges would be based on a 1:1 or 1:2 ratio, if any. I use about .5% per trade.

Quoting markt
HOSS, If you were to set an automatic sl based on entry price what would it be?
Also, if you had to set a TP and tsl what would they be?
Also, what risk percentage of total capital did you use on your demo and now in live mode?

thanks,

Mark
Life is too short to have anything but delusional notions about yourself.
  • #442
  • Feb 28, 2010 6:45pm Feb 28, 2010 6:45pm
hi there,
im a scalper (kinda newbie, been backtesting and demo trading since september) and im queer to kno that how often do u apply DIVERGENCE to ur trading particularly to 1 minute charts and what is the success rate?
thnx
  • #443
  • Mar 2, 2010 12:56am Mar 2, 2010 12:56am
Hi Hoss,

I have three questions that I would appreciate your input on:

1) When you compound for every $1,000 made, by how much do you increase your lot?

2) When you trade divergence, do you trade when the peak or through touches the 20/80 RSI or do you just trade when you see the 2-3 waves but the peak/through is not touching the 20/80 on the RSI yet?

3) I have been trying to trade 'perfectly' on the wave theory but sometimes I have had to average every now and then, now since the price always moves back to 200 EMA can I decide to use that as a final TP target no matter how far price moves away from the 200 EMA and I have good money management in place?


Rgds.
Less is more...
  • #444
  • Mar 2, 2010 10:55am Mar 2, 2010 10:55am
see below

Quoting ajantala
Hi Hoss,

I have three questions that I would appreciate your input on:

1) When you compound for every $1,000 made, by how much do you increase your lot?...
Life is too short to have anything but delusional notions about yourself.
  • #445
  • Mar 2, 2010 10:59am Mar 2, 2010 10:59am
I look at divergence a lot. However, it doesn't work every time, but it does work a lot after the 3rd or 4th push.


Quoting King Singh
hi there,
im a scalper (kinda newbie, been backtesting and demo trading since september) and im queer to kno that how often do u apply DIVERGENCE to ur trading particularly to 1 minute charts and what is the success rate?
thnx
Life is too short to have anything but delusional notions about yourself.
  • #446
  • Mar 2, 2010 11:02am Mar 2, 2010 11:02am
Hey, bro, I've been trying your method and for the most part..pretty good!!
I've been getting blasted though with violent mood swings (volume) during the US session. Just wanted to know what times you scalp in? During quiet times?
Thanks, looks promising!! LJ
  • #447
  • Mar 2, 2010 11:07am Mar 2, 2010 11:07am
i trade mostly through ny. just stay away from the news...

Quoting goldenboy
Hey, bro, I've been trying your method and for the most part..pretty good!!
I've been getting blasted though with violent mood swings (volume) during the US session. Just wanted to know what times you scalp in? During quiet times?
Thanks, looks promising!! LJ
Life is too short to have anything but delusional notions about yourself.
  • #448
  • Mar 2, 2010 11:09am Mar 2, 2010 11:09am
Quoting hoss
see below
Sorry hoss, i didn't get that...
Less is more...
  • #449
  • Mar 2, 2010 11:15am Mar 2, 2010 11:15am
i wrote the answers in the quoted section and it cut me off. i will have to write out again later.

Quoting ajantala
Sorry hoss, i didn't get that...
Life is too short to have anything but delusional notions about yourself.
  • #450
  • Mar 3, 2010 2:19am Mar 3, 2010 2:19am
With hard 5pip TP , what about the spread. If there was a 2pip spread , then I would only get 3 pips profit. At this rate I would need to have a pretty high win rate to just break even. Am i missing something?
  • #451
  • Mar 3, 2010 4:40pm Mar 3, 2010 4:40pm
yes, that is why i trade this as a discretionary system. somebody may want to try it mechanically. i don't know the numbers would turn out in that instance though.


Quoting moneymaker20
With hard 5pip TP , what about the spread. If there was a 2pip spread , then I would only get 3 pips profit. At this rate I would need to have a pretty high win rate to just break even. Am i missing something?
Life is too short to have anything but delusional notions about yourself.
  • #452
  • Mar 3, 2010 10:23pm Mar 3, 2010 10:23pm
Hi Hoss,

Can you save Your setting as a Template and post it...

and also please provide mini doc about ur strategy
  • #453
  • Mar 3, 2010 11:17pm Mar 3, 2010 11:17pm
Hi Hoss

Hope all is going well with you.Got a couple of queries for you if you dont mind.First do you look for divergence on the M1 chart?When you mention the waves are you referring to bounces off the 200 ema,the 8 RSI, the B.B's or a combination of some or all.

Thanks and cheers
  • #454
  • Mar 4, 2010 1:16pm Mar 4, 2010 1:16pm
yes, i am looking for divergence on the m1. when i refer to pushes, it doesn't necessarily matter where they take place. i am just looking for 3 or 4 pushes in one direction without a significant retrace.

Quoting siboy
Hi Hoss

Hope all is going well with you.Got a couple of queries for you if you dont mind.First do you look for divergence on the M1 chart?When you mention the waves are you referring to bounces off the 200 ema,the 8 RSI, the B.B's or a combination of some or all.

Thanks and cheers
Life is too short to have anything but delusional notions about yourself.
  • #455
  • Mar 4, 2010 3:25pm Mar 4, 2010 3:25pm
OK thanks for that Hoss and do have a good trading day......
  • #456
  • Mar 4, 2010 10:59pm Mar 4, 2010 10:59pm
Hey SiBoy

Hoss maybe busy can you share your chart templates?


Thanks
  • #457
  • Mar 4, 2010 11:34pm Mar 4, 2010 11:34pm
Quoting MarvinSk
Hey SiBoy

Hoss maybe busy can you share your chart templates?


Thanks
HI Marvin

Sorry I dont have a template for this my charting is with Marketscope.If you scroll back to the start of this thread there are quite a few templates that you can download all pretty easily.Good luck with it....
  • #458
  • Mar 7, 2010 1:03pm Mar 7, 2010 1:03pm
Dear Hoss, thanks for the great thread. In the first screenshot you attached (on the first page) there are 3 below-the-price indicators. What is the middle one and where can I get it? Thanks...
  • #459
  • Mar 10, 2010 3:14pm Mar 10, 2010 3:14pm
Would in 5pip Tp includes spread or excluded do you can minus spread?
In ave EU spread condition you can take 2 pips off.
  • #460
  • Mar 11, 2010 7:24am Mar 11, 2010 7:24am
Quoting FirozFX
This is my preferred method of trading. I scalp the EU, EJ and GU. Trading for about 3 months on a live micro account. I'm up 45 % to over $5000 now.

I use the 5 min and 15 min charts for trend direction ,am careful around fundamental news, and then scalp the hell out of the 1min charts. Sometimes up to 40 winning trades per day. 1 or 2 losses inbetween. A return of between 100 and 150 $ per day.

Indicators used is 100 and 200 EMA, Stochastic on 21, 3, 3 setup and RLW indicator with entrys around 7 and 93. Of course the trend is the deciding...
Can you post your chart please
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