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EUR/USD Scalp 1 min

  • #681
  • Jul 19, 2010 3:49pm Jul 19, 2010 3:49pm
Hi, sorry if this is the wrong place to post, after ditching scalping a year ago to trade longer timeframes i have decided that i would like another go.

I have a strategy that i am playing with, so far so good. What i would like to know is which time of day would you guys consider best to trade? I'm in the uk and at the moment i would think between 7am and 11am, then between 2pm and 3:30pm. I am using 1 min charts and below, maybe it doesnt matter, but i have read plenty places its not a good idea to trade over lunch ect.

thanks in advance and im sorry if this is in the wrong place.

john
  • #682
  • Jul 19, 2010 4:54pm Jul 19, 2010 4:54pm
Quoting highlander2
Hi, sorry if this is the wrong place to post, after ditching scalping a year ago to trade longer timeframes i have decided that i would like another go.

I have a strategy that i am playing with, so far so good. What i would like to know is which time of day would you guys consider best to trade? I'm in the uk and at the moment i would think between 7am and 11am, then between 2pm and 3:30pm. I am using 1 min charts and below, maybe it doesnt matter, but i have read plenty places its not a good idea to trade over lunch ect.

thanks in advance and...

I prefer London session and US open, 6am GMT -10am GMT, and 4pm-6pm...
  • #683
  • Jul 19, 2010 5:02pm Jul 19, 2010 5:02pm
looks like an early start then!

thanks.
  • #684
  • Jul 19, 2010 5:23pm Jul 19, 2010 5:23pm
hi john

i live in malta so usualy the UK openeing makes alot of moves 7 till 1 as you said and then around 13.30 to 15.30 again during us opening

sometimes the late afternoon is also good if you have time, 7 to 9pm

any decent system to share with us? whats your scalping method



Quoting highlander2
Hi, sorry if this is the wrong place to post, after ditching scalping a year ago to trade longer timeframes i have decided that i would like another go.

I have a strategy that i am playing with, so far so good. What i would like to know is which time of day would you guys consider best to trade? I'm in the uk and at the moment i would think between 7am and 11am, then between 2pm and 3:30pm. I am using 1 min charts and below, maybe it doesnt matter, but i have read plenty places its not a good idea to trade over lunch ect.

thanks in advance and...
  • #685
  • Jul 19, 2010 11:12pm Jul 19, 2010 11:12pm
Quoting hoss
Is anybody else trading this way? Looking for some discussion. I trade mainly with RSI and divergence and look for retraces for about 5 pips after exhaustion. I turned 100K into 300K on demo in about a month in a half and now I am trying it out on a real account with same results with $4K. Have a look at my attachments. I am making $150 to $200 per day at the $4K level and will start compounding every $1K similar to demo. Any thoughts to make it better if any are appreciated although I think it's an eye for price action that makes this work so far,...
Can you please describe your method in detail here, it will be quite a good help for me and every body, I have been looking for a good scalping method for a quite a long time.

please help,
thanks in advance.
  • #686
  • Jul 20, 2010 2:04am Jul 20, 2010 2:04am
Hi

In my experience the UK moves the market so to speak. Anywhere from the morning in london to 3-4 PM in New York i trade, the rest have to slow price action. But i always concentrate on the price, if things are undecided, like one candle of say 4-5 pips up, den one down 4-5 pips, then one up 4-5 pips, thats what i consider very choppy action. Happens when the US starts up, but usually only lasts for 10 maybe 20 minutes, and not always.

So in my experience no specific time is of limits other then the beginning of Brittain session to 1-2 hours before close of US eastcoast session, it just depends on the price action, not so much the time of the day.
My signature is: "Classified".
  • #687
  • Jul 20, 2010 2:39am Jul 20, 2010 2:39am
Quoting mayureshete
Can you please describe your method in detail here, it will be quite a good help for me and every body, I have been looking for a good scalping method for a quite a long time.

please help,
thanks in advance.
Only way is to start at the beginning of this thread and study the method.....it is all there and wont take too long....it has been explained very well
  • #688
  • Jul 20, 2010 2:51am Jul 20, 2010 2:51am
hi trigg

very interesting system and setup, this is best on 5M tf or other?

so in principle you follow divergence moves?

thanks mate

adrian

Quoting trigg
Hi all

one possible option might be: #554
If it would be convenient I have post here a demo chart with indicators like EMA, BB and Murrey Maths and Pivots, RSI & CCI. May be everyone can change these indicators in his way.

May be it helps.
  • #689
  • Edited 6:34am Jul 20, 2010 4:09am | Edited 6:34am
You stare at it, and you stare at it, and you stare at it.
Or at best: You eat breakfast, you talk to youre woman, you laugh about stuff, you stare at it, you eat a bite, you stare at it, you drink te, you stare at it and you stare at it. You take out the thrash, put away the dishes and then you stare at it some more. And then a friends comes by or youre woman gets home and you talk to them and forget about staring at it. And do repeat for 4 more days, then alpari closes down so you cant do anything even if you wanted. And you sleep like a baby at night.

And then monday again and you repeat this. And you repeat this. And you repeat this. And you repeat this (you get the picture). And then one day, im telling yah, if you repeat it enough, you see it. It all has changed without youre knowledge of it changing. And its there, you dont see the price anymore, its not candlesticks anymore, its a whole, there are no parts to it, no time, only price action, only averages, only the human will, only the global economy. Question is, are you fore or against it, or both (high stakes)?

And then one day you realise what pattern it is you are looking at. You have a couple of them in youre head, a couple on paper. I dont recognize other peoples patterns, i have my own. They have theyre frames, i have price action, averages, no timeframes, just the market. Am i betting for it or against it today? I have my take on this, you need yours.

This is the only "system" there are no other "systems" all other "systems" are based on this system, the market, the world, and you are looking at, its the price action, its the averages. Indicators melt away, faces and lifes melt away and become a part of something almost infinte, the world economy. What controls it? Everything, because it is everything, a part of you and me, a part of all who ever lived. Money went controlled harder in the last 500 years, but everything that happend before that, inventing plows, fishing, drinking alchohol, its all a part of the same thing, the world.

What we call money will change rapidly, we are in the final stages of a paradigm. The change will be over before i get old, and i will se what will come next, i wish all of you will too. Anyway...

Happy trading to all and everyone

EDIT: I DO have rules that i trade, but they are motivated by my own experience and logic, i never fully trust someone elses experience and logic.
My signature is: "Classified".
  • #690
  • Jul 20, 2010 6:44am Jul 20, 2010 6:44am
Quoting adrianebn
hi trigg

very interesting system and setup, this is best on 5M tf or other?

so in principle you follow divergence moves?

thanks mate

adrian

Hi adrianebn

I trade mainly M1 and M5 (with a look at M15, M30, H1, H4 - multiple time frame). If divergences appears probabilities seems to be greater for me to get in the market with higher risc (more positions) in the last years. Now I will compound my system with that beautiful from Hoss's in hopes of focussing much more the entry and exit chances with higher probabilities of profit taking even with a strong look at the topics of my money management.

Hope it helps.

Kindest regards
trigg
  • #691
  • Jul 20, 2010 8:47am Jul 20, 2010 8:47am
thanks trigg it does help

so entry is based on divergence mainly? tp 5-10 pips or?

tks
adrian



Quoting trigg
Hi adrianebn

I trade mainly M1 and M5 (with a look at M15, M30, H1, H4 - multiple time frame). If divergences appears probabilities seems to be greater for me to get in the market with higher risc (more positions) in the last years. Now I will compound my system with that beautiful from Hoss's in hopes of focussing much more the entry and exit chances with higher probabilities of profit taking even with a strong look at the topics of my money management.

Hope it helps.

Kindest regards
trigg
  • #692
  • Jul 20, 2010 12:58pm Jul 20, 2010 12:58pm
Quoting adrianebn
thanks trigg it does help

so entry is based on divergence mainly? tp 5-10 pips or?

tks
adrian
Hi adrianebn

Not at all. There are good chances, too, if CCI is under -100/over 100 and returns back for short term trading. Compare the chart #654,please. I trade often with the pivots & when I think this short trade could be one for a higher trade at the same time I prefere to go in the market with a few/several positions and let a part of them running longer (may be 50 pips or 80 pips) depending on the next three pivotal points and the vola of the market. With Hoss's trading system I think I can go in with even more positions. Hosse's system seems to be more a conservative one which I like very much.

Kindest regards
trigg
  • #693
  • Jul 20, 2010 10:21pm Jul 20, 2010 10:21pm
Hello Hoss.

I just read the entire thread (47 pages) and absorbed everything I could.
Thanks for all your great education. This system looks very logical and promising. I can't wait to try it out.
  • #694
  • Jul 21, 2010 2:07am Jul 21, 2010 2:07am
I am having some good trades today,I think I am learning in the right direction now,hopefully not just pure luck..
Any recommendations to improve my trades?
Trade are on the pics as > symbol
Thanks
Attached Image(s) (click to enlarge)
Click to Enlarge Name: goodp2.JPG Size: 89 KB
Click to Enlarge Name: goodt1.JPG Size: 89 KB
  • #695
  • Jul 22, 2010 11:05am Jul 22, 2010 11:05am
that third push in the second pic would have been a good place to enter as long as you had some other confluence to take it.

Quoting winty
I am having some good trades today,I think I am learning in the right direction now,hopefully not just pure luck..
Any recommendations to improve my trades?
Trade are on the pics as > symbol
Thanks
Life is too short to have anything but delusional notions about yourself.
  • #696
  • Jul 22, 2010 11:06am Jul 22, 2010 11:06am
no problem. just demo the heck out of it first and you'll see why you must be patient for the best set ups.

Quoting DojiMojo
Hello Hoss.

I just read the entire thread (47 pages) and absorbed everything I could.
Thanks for all your great education. This system looks very logical and promising. I can't wait to try it out.
Life is too short to have anything but delusional notions about yourself.
  • #697
  • Jul 22, 2010 2:21pm Jul 22, 2010 2:21pm
Quoting hoss
that third push in the second pic would have been a good place to enter as long as you had some other confluence to take it.
There was in fact confluence at that time, Hoss. RSI divergence.
It's not about how much you make, it's about how much you don't lose.
  • #698
  • Edited 6:58am Jul 23, 2010 6:47am | Edited 6:58am
CCI (14) H1/H4 shows a divergence. Enter Short at 1.2920 with 5 positions and take a pending order short at 1.30 with 5 positions more.
I don't like to trade at Friday afternoon (here now 13:47 GMT+1) whereas I think EUR is worthless and it is a good price for going further down. So may be these trades could run into week-end. If M5 EMA200 will be broken at 1.2902 further movements downside could be possible with a higher likelihood.
  • #699
  • Jul 23, 2010 6:59am Jul 23, 2010 6:59am
Quoting trigg
CCI (14) H1/H4 shows a divergence. Enter Short at 1.2920 with 5 positions and take a pending order short at 1.30 with 5 positions more.
I don't like to trade at Friday afternoon (here now 13:47 GMT+1) whereas I think EUR is worthless and it is a good price for going further down. So may be these trades could run into week-end. If M5 EMA200 will be broken at 1.2902 further movements downside could be possible with a higher likelihood.

You could go out at 1.2908 & take a profit then: +12 pips x 5 positions = 60 pips
  • #700
  • Jul 23, 2010 7:13am Jul 23, 2010 7:13am
Quoting trigg
CCI (14) H1/H4 shows a divergence. Enter Short at 1.2920 with 5 positions and take a pending order short at 1.30 with 5 positions more.
I don't like to trade at Friday afternoon (here now 13:47 GMT+1) whereas I think EUR is worthless and it is a good price for going further down. So may be these trades could run into week-end. If M5 EMA200 will be broken at 1.2902 further movements downside could be possible with a higher likelihood.

Exit at 1.2896

Profit: +120 pips
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