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my trade

  • #481
  • Jun 25, 2010 2:23am Jun 25, 2010 2:23am
Quoting Magic Trader
...
By the way, if you're interested, I have a great reference site for scalping. Real top notch stuff there...
thanks for the link via PM. ben has given me that link some posts back here and i registered as RisingSun but only a lurker. saw your journal as magicfx with oanda 5sec chart. why not share it here too.
  • #482
  • Jun 25, 2010 2:30am Jun 25, 2010 2:30am
Quoting RisingSun
thanks for the link via PM. ben has given me that link some posts back here and i registered as RisingSun but only a lurker. saw your journal as magicfx with oanda 5sec chart. why not share it here too.
I'll try posting some picts soon as I make more trades. In the mean time, I also trade weekly S/R levels as they come into play. So there are these two styles I'm playing at the moment. Anyway, scalping is where it's at. Keep up the good work.
  • #483
  • Jun 25, 2010 3:06am Jun 25, 2010 3:06am
can these directional changes be defined in terms of mma?
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  • #484
  • Jun 25, 2010 3:59am Jun 25, 2010 3:59am
missed entries ...
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  • #485
  • Jun 25, 2010 7:07am Jun 25, 2010 7:07am
Here is a scalp I did on 5-sec chart.
Though i was told it wasnt very high probability. LOL. Still learning.
Attached Image (click to enlarge)
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  • #486
  • Edited 3:40pm Jun 25, 2010 3:24pm | Edited 3:40pm
Quoting Magic Trader
Here is a scalp I did on 5-sec chart.
Though i was told it wasnt very high probability. LOL. Still learning.
i know it's really the master's work to scalp on such short tf, even going down to 1 sec, 1 tick. and you have nothing but ave prices... amazing! wish you all the best

ben will certainly give his 5 sec trade examples as he did before, soon as he recovers from his soccer enthusiast routine.

have a great weekend magic
  • #487
  • Jun 26, 2010 7:58am Jun 26, 2010 7:58am
Quoting Magic Trader
Here is a scalp I did on 5-sec chart.
Though i was told it wasnt very high probability. LOL. Still learning.
Hi Magic Trader, nice to see you posting chart hit me more with those, weekly chart also ok! for me a very good system has to be tradeable on any timeframe.

could you post some of your most profitable set up(any system, any time frame) please! i might trade it in 1 minute scalp or lower.
  • #488
  • Jun 26, 2010 8:00am Jun 26, 2010 8:00am
Quoting RisingSun
can these directional changes be defined in terms of mma?
http://img704.imageshack.us/img704/3780/akira1g.png
  • #489
  • Jun 26, 2010 8:08am Jun 26, 2010 8:08am
Quoting RisingSun
i know it's really the master's work to scalp on such short tf, even going down to 1 sec, 1 tick. and you have nothing but ave prices... amazing! wish you all the best

ben will certainly give his 5 sec trade examples as he did before, soon as he recovers from his soccer enthusiast routine.

have a great weekend magic
im still reading all those guys journal study them all and practice it my self
it take massive effort to trade effortless remember! my conclusion is most of them trade on highly probability set up and not over trading.

with such a short timeframe , the spread is the name of the game.
  • #490
  • Jun 26, 2010 8:09am Jun 26, 2010 8:09am
http://img189.imageshack.us/img189/2966/79071956.png
  • #491
  • Jun 26, 2010 9:02am Jun 26, 2010 9:02am
trade your most successful/profitable system and set up.

trade only once a day

bet $100 or $1000 per pip

http://img5.imageshack.us/img5/5514/magicfu.png

i can do it, its possible, and im on my way -


soccer is on, CIao!
  • #492
  • Jun 26, 2010 9:10am Jun 26, 2010 9:10am
Quoting ben10
trade your most successful/profitable system and set up.

trade only once a day

bet $100 or $1000 per pip

http://img5.imageshack.us/img5/5514/magicfu.png

i can do it, its possible, and im on my way -


soccer is on, CIao!
Great comments Ben. Really enjoy seeing your thoughts. And that is exactly right, look to trade for $100/pip. Try to get 1.5-3.0 pips a trade. A couple trades a day is all that's need. Of course, keep the stops tight, too.

Enjoy football!
  • #493
  • Jun 26, 2010 5:07pm Jun 26, 2010 5:07pm
Quoting ben10
im still reading all those guys journal study them all and practice it my self
it take massive effort to trade effortless remember! my conclusion is most of them trade on highly probability set up and not over trading.

with such a short timeframe , the spread is the name of the game.
morning ben. am beginning to feel that i too should be able to scalp 5 sec. i now trade eur/london open. how about asian open in your experience? cannot stay up late at night. my brain is clearer before and into asian session. i know high volume is one of the keys.

also would you trade oanda or trade LII platform with timing from oanda? i have demos of Delta Stock and MBT running. wonder how would people time their trades on these platforms.

magic, do you have any idea/thoughts to share?
  • #494
  • Jun 27, 2010 12:00pm Jun 27, 2010 12:00pm
Hey guys. The style I have been trading awhile is s/r levels. They are usually good to play throughout the week, depending on PA. The first time price touches the level is when they're strongest. TP is 10-12 and SL about 15-18. Also be aware of DD and know that BE is never a bad thing. However I will often average a trade after -15 or -20 and look to exit with a few pips or at BE.

I'll post a chart at the end of week showing how the levels played.

1.2168/71 (strong)
1.2196/99
1.2254/58 (strong)
1.2308/12
1.2346/50
1.2409/14 (scalp... meaning 7-10 pips and get out quickly if possible)
1.2436/42
1.2482/86
1.2568/71
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  • #495
  • Jun 27, 2010 1:10pm Jun 27, 2010 1:10pm
And the GU levels I will trade this week. Sorry no chart.

1.4826/29
1.4855/58 (scalp)
1.4930/33
1.4963/66
1.5029/33
1.5095/99
  • #496
  • Jun 27, 2010 4:26pm Jun 27, 2010 4:26pm
Quoting Magic Trader
Hey guys. The style I have been trading awhile is s/r levels. They are usually good to play throughout the week, depending on PA. The first time price touches the level is when they're strongest. TP is 10-12 and SL about 15-18. Also be aware of DD and know that BE is never a bad thing....
Hey magic,

what are those lines and numbers/comments on the left? is it an indicator? how do you trade those lines?
  • #497
  • Jun 27, 2010 11:30pm Jun 27, 2010 11:30pm
Hi Guys , i think i could trade for 20 pips targets using hourly chart, just an idea:
and try to intergrate Magic trader's support and resistance style into the system/style.

http://img88.imageshack.us/img88/440...ompression.png

http://img412.imageshack.us/img412/5...pipshourly.png
  • #498
  • Edited 3:01am Jun 28, 2010 1:50am | Edited 3:01am
guys,

5 sec entries were all poor. switched to m 1.

ben, you are experimenting high tf ...

magic, pls explain those red lines and how to trade off those...
you seem to understand it, ben?

what game tonight? japan is tomorrow ...
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  • #499
  • Jun 28, 2010 2:18am Jun 28, 2010 2:18am
Quoting ben10
Hi Guys , i think i could trade for 20 pips targets using hourly chart, just an idea:
and try to intergrate Magic trader's support and resistance style into the system/style.

http://img88.imageshack.us/img88/440...ompression.png
ben, what's the duration of yellow ma? is it wma of MT4? you are using the sweet spot indy @20 interval?
  • #500
  • Jun 28, 2010 5:27am Jun 28, 2010 5:27am
Quoting RisingSun
what are those lines and numbers/comments on the left? is it an indicator? how do you trade those lines?
The lines are s/r levels that can be traded as bounces. I go for 10-12 TP and SL is 15-18. Often I will average the trade.

The numbers on the left side are sub-levels. They help me to identify emerging levels thru the week. But dont' worry about them.
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