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Ride The Slope Scalping Method

  • #121
  • Dec 16, 2010 12:28pm Dec 16, 2010 12:28pm
Quoting fkforex
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...
Try not to get greedy.
U'll get burned that way.
"speak softly, and carry a big stick" Teddy Roosevelt
  • #122
  • Dec 16, 2010 12:38pm Dec 16, 2010 12:38pm
Im done for the day.

I'll be back tomorrow.

Keep up the good pippin'!!!
"speak softly, and carry a big stick" Teddy Roosevelt
  • #123
  • Dec 16, 2010 12:39pm Dec 16, 2010 12:39pm
Quoting pipstert2
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.
If you put the SL 5 pips away from the most recent high/low and you take 5-8 pips the RR ratio becomes less than 1-1... Do you think it's viable long term? The win% has to be really high...
  • #124
  • Dec 16, 2010 12:46pm Dec 16, 2010 12:46pm
Scalping isn't supposed to be a big gain. If you want to put the TP higher, go ahead.
"speak softly, and carry a big stick" Teddy Roosevelt
  • #125
  • Dec 16, 2010 1:52pm Dec 16, 2010 1:52pm
AU -5 manual close
GU +7 tp hit sl was 20
EU +7 tp hit sl was 20
UCH +6 tp hit sl was 14

Total for today including my +7 UJ from earlier, +22. Overall it's been good, but RR seems a bit out of whack. I'm not sure if this can be used long term but i'll continue to use the method until it hurts too much.

Could this work on higher tf's?
  • #126
  • Dec 16, 2010 2:03pm Dec 16, 2010 2:03pm
Only if you're patient, maybe.

Nice trades, hope you like this little system.

GOOD LUCK!!!

Pipster
"speak softly, and carry a big stick" Teddy Roosevelt
  • #127
  • Dec 19, 2010 3:40am Dec 19, 2010 3:40am
Hi pipstert2,

Very simple and easy to understand system you have here.
As far as I understand, when your MA crossed, you check for the slope of the MACD.

Take LONG entry for instance. Do you take the signal when:
1. MACD is up in the positive region, pullback and slope up (See 1.jpg)
2. MACD is down but not too much, slope up and cross zero line (See 2.jpg)

Appreciate if you could clear my doubt =)
Attached Image (click to enlarge)
Click to Enlarge Name: 2.jpg Size: 29 KB
Attached Image
  • #128
  • Last Post: Dec 21, 2010 7:36am Dec 21, 2010 7:36am
Quoting minut3s
Hi pipstert2,

Very simple and easy to understand system you have here.
As far as I understand, when your MA crossed, you check for the slope of the MACD.

Take LONG entry for instance. Do you take the signal when:
1. MACD is up in the positive region, pullback and slope up (See 1.jpg)
2. MACD is down but not too much, slope up and cross zero line (See 2.jpg)

Appreciate if you could clear my doubt =)
As long as MACD is,somewhat, heading up, you've got a long signal.
"speak softly, and carry a big stick" Teddy Roosevelt
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