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Ride The Slope Scalping Method

  • #101
  • Dec 16, 2010 10:20am Dec 16, 2010 10:20am
I think EU will fall, but, that's just me.
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"speak softly, and carry a big stick" Teddy Roosevelt
  • #102
  • Dec 16, 2010 10:21am Dec 16, 2010 10:21am
.
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"speak softly, and carry a big stick" Teddy Roosevelt
  • #103
  • Dec 16, 2010 10:22am Dec 16, 2010 10:22am
Quoting pipstert2
I think EU will fall, but, that's just me.
I was stopped at Breakeven...
  • #104
  • Dec 16, 2010 10:23am Dec 16, 2010 10:23am
You were up 5 then got out at BE?
"speak softly, and carry a big stick" Teddy Roosevelt
  • #105
  • Dec 16, 2010 10:28am Dec 16, 2010 10:28am
Quoting pipstert2
You were up 5 then got out at BE?
I was up 12 pips, movedmy SL to BE then of course it fell and it the SL, only to go back up again
  • #106
  • Dec 16, 2010 10:39am Dec 16, 2010 10:39am
I'm still on the trade.
  • #107
  • Dec 16, 2010 10:43am Dec 16, 2010 10:43am
Trail the stop to 1.3195
  • #108
  • Dec 16, 2010 10:45am Dec 16, 2010 10:45am
Quoting gogoprovost
I was up 12 pips, movedmy SL to BE then of course it fell and it the SL, only to go back up again
12 pips is ALOT for a scalp trade.
"speak softly, and carry a big stick" Teddy Roosevelt
  • #109
  • Dec 16, 2010 11:03am Dec 16, 2010 11:03am
Quoting pipstert2
12 pips is ALOT for a scalp trade.
I took 9. Good trade1
  • #110
  • Dec 16, 2010 11:08am Dec 16, 2010 11:08am
I was wondering what the initial SL is?
  • #111
  • Dec 16, 2010 11:10am Dec 16, 2010 11:10am
Quoting fkforex
I was wondering what the initial SL is?

Ilook for the las swing high/low. In this case it was 1.3180
  • #112
  • Dec 16, 2010 11:13am Dec 16, 2010 11:13am
Answer 2 question.
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"speak softly, and carry a big stick" Teddy Roosevelt
  • #113
  • Dec 16, 2010 11:14am Dec 16, 2010 11:14am
Quoting pipstert2
Answer 2 question.
you had your entry at the crossover. Doesn't wouldn't that have put your entry at the close of the bull candle?
  • #114
  • Dec 16, 2010 11:21am Dec 16, 2010 11:21am
Not really.
"speak softly, and carry a big stick" Teddy Roosevelt
  • #115
  • Dec 16, 2010 11:29am Dec 16, 2010 11:29am
Quoting pipstert2
Advice: Remember, when you trade this system, patience is the key.To be succsessful in this system, you must wait till the candle is closed, and you have everything you need for a good entry.

Do NOT trade on news.News will ruin signal
This was in the very first post. Waiting until the close of the candle seemed to be an important key to trading the system...
  • #116
  • Dec 16, 2010 11:33am Dec 16, 2010 11:33am
Ya,my bad, thought you were talking about something else.
"speak softly, and carry a big stick" Teddy Roosevelt
  • #117
  • Dec 16, 2010 11:59am Dec 16, 2010 11:59am
Ok now do you wait for a change in colour or go for a fixed amount of pips? What's the most profitable method? That seems to be my biggest weakness
  • #118
  • Dec 16, 2010 12:05pm Dec 16, 2010 12:05pm
Just closed UJ short +7 Got out as it was approaching daily pivot. 1 for 1

Keeping an eye on EU for possible short...Thoughts?
Also long UCH
Short GU

Waiting for crosses and slope colour changes...
  • #119
  • Dec 16, 2010 12:17pm Dec 16, 2010 12:17pm
After last candle close, i'm in on all 3 fingers crossed
  • #120
  • Dec 16, 2010 12:27pm Dec 16, 2010 12:27pm
Quoting gogoprovost
Ok now do you wait for a change in colour or go for a fixed amount of pips? What's the most profitable method? That seems to be my biggest weakness
If that's it your doing great!!! lol

I'd go for 5-8 pips per trade. Turn SL to even after 5 pips has been reached.
"speak softly, and carry a big stick" Teddy Roosevelt
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