DislikedThanks a lot mate 5sec is letting me play 'let the market come to you', I've looked at this method before (such as NickB), but I didn't have the hours (or patience) to do this on 1hr/4hr charts!Ignored
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DislikedThanks a lot mate 5sec is letting me play 'let the market come to you', I've looked at this method before (such as NickB), but I didn't have the hours (or patience) to do this on 1hr/4hr charts!Ignored
DislikedAnyone have suggestions about news? I'm thinking 15 minutes gap either side on these timeframes (for red news).Ignored
DislikedSorry I haven't weighed in here much recently. I am getting my GU scalping up and going again and when I have some interesting charts, I'll post them.
Good idea about the big news Frank, definitely avoid clumps of red news for 10-15 minutes or so. There will be times you kick yourself for missing trades but in the long run you'll save the aggravation.
Great charts, by the way!Ignored
DislikedSorry I haven't weighed in here much recently. I am getting my GU scalping up and going again and when I have some interesting charts, I'll post them.
Good idea about the big news Frank, definitely avoid clumps of red news for 10-15 minutes or so. There will be times you kick yourself for missing trades but in the long run you'll save the aggravation.
Great charts, by the way!Ignored
Dislikedlooked good on 5 sec but fast prices drove me to place sloppy = no setup trades ending up losing 10% equity.
shut up pc, went to bed early, then woke up at midnight to observe clean trend formation. switched to 10 sec and with a fresh mind my finger danced, to recover 5%.
gained a lot of confidence with 5% loss ... not too bad.
even trading seconds, must play under a solid trend umbrella - been telling myself numerous times but emotion often supersedes ..Ignored
DislikedHey buddy, well played today - after your losses, regrouping and making back a nice chunk. Similar hit for me today, was -4.5% I think.
We'll get better and better at this, as Ben says - subconsciously, and the psychology will become less of a factor I'm sure. I grabbed a good mantra from LT's thread, have you read it? Some good stuff in it - I really need to get round to sticking it on my wall!
One thing I was thinking about for you - on your winning trades it looks like they rarely retrace very much, which means you might be able to use a smaller...Ignored
QuoteDislikedshut up pc, went to bed early, then woke up at midnight to observe clean trend formation. switched to 10 sec and with a fresh mind my finger danced, to recover 5%.
QuoteDislikedeven trading seconds, must play under a solid trend umbrella - been telling myself numerous times but emotion often supersedes
Disliked
subconsciously, and the psychology will become less of a factor I'm sure. I grabbed a good mantra from LT's thread, have you read it? Some good stuff in it - I really need to get round to sticking it on my wall!Ignored
Dislikeddid try to trade linuxtroll's colorful/-240(?) mma years back as well, paid for his e-book, but never got anywhere.Ignored