Profitable Cyrox Scalper Journal

I trade the EURJPY market using an approach based on Cyrox Simple Scalping (search forexfactory for details).

I hope to show that it is possible to make profit using this approach on a daily basis.

I will post my weekly results here. I trade a live account and my current trade size is 50,000.

Let me know if you have any questions.

Trader32

OK, so for the first week of February my results were:

1st - $42 profit
2nd - $23 profit
3rd - no trading
4th - no trading
5th - $226 profit

Week total - $291 trading profit

Results for the second week of February:

8th - $128 profit
9th - $101 profit
10th - $108 profit
11th - no trading
12th - $36 profit

Week total: $373 trading profit

Show charts and entries please. I have dealt with cyrox before and I am not convinced that just by following his "proprietary indicator" signals that you can be consistently profitable. Prove me wrong

Hi Ausie_Trader,

Here are some old screen shots that capture my style. I now place many trades each session so no longer bother to go to the effort of adding entry and exit markers.

It is all much the same - looking for changes in the short term trend and jumping in. I also sell resistance and buy support where I see price stalling.

I am not trying to promote cyrox - that just happens to be the approach I use. There are many others. I am more about trying to show that it is possible to make extra income from scalping.

15th - $54 profit
16th - $79 profit
17th - $76 profit
18th - no trading
19th - $100 profit

Week total: $309 trading profit

22nd - $100 profit
23rd & 24th - $257 loss
25th - no trading
26th - $100 profit

Week total: $57 trading loss

1st - $66 profit
2nd - $134 loss
3rd - $64 profit
4th - $34 profit
5th - $9 loss

Week total: $24 trading profit

Can you show me your all orders cause i want to follow ...

Hi Alex2010,

Here are some of my orders from yesterday - hope it comes out OK as copied from pdf. As you can see, I just jump in and out, in and out, in and out. I do not wait for x and y to happen, it is all just gut feel based on support and resistance and jumping on trends.

I would post some screen shots, but I have a million other things to do this weekend :-)

As I am discretionary it is hard to follow me. This journal is mainly to keep me accountable. I would just say get some screen time and give it a go to see if it works for you. But do not spend any money - everything you need is free!

Hope that helps.

I am curious to why your posting your rainbow/cyrox trading info here at Forex Factory.
I know linuxtroll has a thread here.
http://www.forexfactory.com/showthread.php?t=52515&page=267
But from what I remember, he does not want his rainbow used anywhere else other then his forum.
http://www.cyrox.com/
There has been numerous arguments in the past, which most have been erased.
You may want to ask permission from Cyrinus I Joseph, to see if what your doing here is okay.

Hi CableGuy,

I post my results on a couple of forums (including the Cyrox forum) as well as my blog. My thinking is that this adds accountability to my trading.

I chose the journal title as that helps reinforce my self image as a profitable scalper. Cyrox just happens to be the method I use.

Cyrinus is aware that I post outside of his forum. If not appropriate, I am happy to delete.

trader32

8th - $12 profit
9th - $25 profit
10th - $94 profit
11th - no trades
12th - $3 loss

Week total: $128 trading profit

Hi, nice to see a profitable scalpers journal as I realize scalping is very hard and requires someone with a certain set of characteristics to be successful. It seems like you have those characteristics. I am wondering how long have you been trading Cyroz method, and how long have you been scalping altogether?

Good luck to you

Hi Wowzers,

I have been trading <1min charts for about a year and I started with Cyrox about May 2009.

Trading these short-term timesframes is not as hard as some people suggest. It requires the same skills as all forms of trading, but you get exposure to more action/trades and can thus learn more quickly than with longer-term trading.

Just curious 32, from the chart you posted with the two band indicators why not enter/exit when both agree and exit when different? On that chart at least you would have done pretty well, the band indicators look effective at not leaving as much on the table.

Alternative could be to just use the band discrepancy as an exit from the rainbow entry. Have you thought about or tried this? Main reason I ask is I do something similar and am working on exits more than entries. Cheers.

Hi Knoxy,

Holding winning 'with trend' trades longer is something I am trying to work on as my natural tendency is to get out quick. I find it so much harder to hold a growing positive account than a growing negative balance.

I had removed the bands as I prefer as little information to process as possible, but I may try them out again now you mention it. Will keep you posted.

15th - $17 profit
16th - $77 profit
17th - $23 loss
18th - $86 profit
19th - $31 profit

Week total: $188 trading profit

I personally have never been a fan of the Cyrox rainbow, as i could never trade it profitably. But i'm happy for your success and best of luck to you

Thanks T Bryant.