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Scalper challenge

  • #81
  • Feb 10, 2011 11:04am Feb 10, 2011 11:04am
Quoting yaed
Yes i read some of that. I also see that you use relatively much bigger lots for the scalps then for high timeframe trades, usually 10 times the amount in this case which is pretty self evident why
Why?

Because I can! I have the skills to do it!
  • #82
  • Feb 10, 2011 11:11am Feb 10, 2011 11:11am
Quoting Forexcube
Why?

Because I can! I have the skills to do it!
I know why, its profitable to you that way

Well anyway, tomorrow ill do your template Cube, and if you feel like it we can discuss trades monday or something.

I am sure you will beat me up about maybe closing a loosing trade but my wife beats me up all the time so im used to it. At least entry can be dicussed i guess.

Maybe i should combine that with Rohules template too.
My signature is: "Classified".
  • #83
  • Feb 10, 2011 11:14am Feb 10, 2011 11:14am
Quoting yaed
That is my method yes, deduction from misstakes, my own and others: Try this, doesnt work, try this, doesnt work, and so on until all options other then the correct ones is exhausted and voilá, one step closer to the truth

I am currently whatching your CCI too see how it matches up with what i would do anyway and such. I went long at 14:53 and 15:02 on E/U London time. First one +3.2 pips, the other Alpari didnt really want to close it fast enough so i had to settle for +2.4, it was almost +4 when i used the script, but i got requoted.

I am...

Hi buddy

I don't think so that CCI(14) could be something for you based on your critical statements.

You have to work out your own strategy!

Piece of good advice!

Have a nice party with the "jet set athletes"!

Best regards
FXcube
  • #84
  • Feb 10, 2011 11:24am Feb 10, 2011 11:24am
Template
TCT, All (incl. Murrey Math & EMA)
TCT, BB, CCI(14), RSI(14), Pivotals

Indicator
Murrey Math, Pivotals
Attached File(s)
File Type: tpl tct, all.tpl   18 KB | 271 downloads
File Type: tpl tct-bb,cci,pivotal.tpl   12 KB | 264 downloads
File Type: mq4 Murrey_Math_MT4_VG,dark gray.mq4   8 KB | 293 downloads
File Type: mq4 PivotsD_v5.mq4   32 KB | 245 downloads
  • #85
  • Feb 10, 2011 11:46am Feb 10, 2011 11:46am
Quoting Forexcube

I don't think so that CCI(14) could be something for you based on your critical statements.

You have to work out your own strategy!
Ok, ill just trade your template and pretend it was mine i really traded.
My signature is: "Classified".
  • #86
  • Feb 10, 2011 11:55am Feb 10, 2011 11:55am
Oh and heres my M15, i like the MA 48 and 96 on that thing they are pure magic, just look at whats going down right now.

Dashed lines are similiar to bollys or something like that.

Same here as with H1, i just stare at this once in a while and go "Ok so thats why it stopped there."
Attached Image (click to enlarge)
Click to Enlarge Name: EU m15.jpg Size: 223 KB
Attached File(s)
File Type: tpl lv38m15.tpl   144 KB | 256 downloads
My signature is: "Classified".
  • #87
  • Feb 10, 2011 12:23pm Feb 10, 2011 12:23pm
Quoting yaed
Oh and heres my M15, i like the MA 48 and 96 on that thing they are pure magic, just look at whats going down right now.

Dashed lines are similiar to bollys or something like that.

Same here as with H1, i just stare at this once in a while and go "Ok so thats why it stopped there."

That's great! Make up your own mind!

Have you try it with the fibonacci numbers, too? (1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233..)

Best regards
FXcube
  • #88
  • Feb 10, 2011 12:31pm Feb 10, 2011 12:31pm
Templ.Fib for 10 sec., 30 sec., M1, M5 ?

Fib.numbers: 21, 34, 55, 89, 233
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, M5, fib.jpg Size: 509 KB
Attached File(s)
File Type: tpl fib.tpl   143 KB | 247 downloads
  • #89
  • Feb 10, 2011 12:36pm Feb 10, 2011 12:36pm
EURUSD, M1, Fib.-Example

Fib.numbers: 21, 34, 55, 89, 233
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, M1, fib.jpg Size: 496 KB
  • #90
  • Feb 10, 2011 12:39pm Feb 10, 2011 12:39pm
Fib.Tpl.?

...and test it with other currency pairs, please!

...the most of JPY pairs could be good ones.

Create your own Template, till yoo can say: "Thats it!"
  • #91
  • Feb 10, 2011 12:49pm Feb 10, 2011 12:49pm
For scalping it might be better to take a lower EMA 9 inside (here's the yellow one).

EURUSD, M1, Fib.-Example

Fib.numbers: 9, 21, 34, 55, 89, 233

see attachment, "fib9,21,34,55,89,233.tpl"
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, M1, fib,9,21,34,55.jpg Size: 481 KB
Attached File(s)
File Type: tpl fib, 9,21,34,55,89,233.tpl   143 KB | 257 downloads
  • #92
  • Feb 10, 2011 12:57pm Feb 10, 2011 12:57pm
Quoting Forexcube
For scalping it might be better to take a lower EMA 9 inside (here's the yellow one).

EURUSD, M1, Fib.-Example

Fib.numbers: 9, 21, 34, 55, 89, 233

see attachment, "fib9,21,34,55,89,233.tpl"
Thats probably doable, would take some practice and calculations to get it right. Could be traded quite similar to the way Rohule and Linuxtroll and 4 XQ trades, after they stretch out you wait for it to enter into them and calculate with CCI, RSI, MACD readings which MA to enter at back to the main trend.

On M1 i calculate MAs from the 1.618 as a multiplier. But i had to use an ad hoc numerical modification to get it to become physical S/R. But im not sure they are of much use. I have found though, through crunching those numbers that 184 exponential, close is more accurate then 200 i think. Of course some people probably use the 200 still so it has something to it as well, they arent too much different though.
My signature is: "Classified".
  • #93
  • Feb 10, 2011 1:26pm Feb 10, 2011 1:26pm
Yaed, for retail traders Oanda is one of the best choises when it comes to scalping. Their typical spread for E$ is, as you know 0.9 (lately 1-1.2) which is far less than any other ECN can offer you with small deposit account. MBTRading has more than 60$ commission for E$ per round turn. One of the hugest, same as ATC Brokers, Dukascopy or FxOpen. There are only two true options in terms of ECN and those are InterActive Brokers with 4 pipettes (o.4 pips ) commission at most / round turn and has very good liquidity (better than LCG) and London Capital Group (LCG) with 30 $/million/roundturn (half of MbT). The only problem is the minimum deposit : 10.000$ for IB and don't know for sure for LCG (it was 50.000$ but from what I understand it's 25.000 now). Remember, for a long-live, scalping requires:
1. Low leverage (1:50 at most)
2. Large account (at least 50.000 euros)
3. Quick profit takes. (1-2 pips)

If you invest all 50.000 in very low risk trades (2.500.000 units), you should gain 1000 $ in maximum 4 trades/day. Is that enough? There was a pdf with those low risk setups on the Internet. But there are more than those.

So you should seriously reconsider Oanda, now that they also have MetaTrader. There are more problems with Practice accounts because live accounts have priority in case of servers overload.
  • #94
  • Feb 10, 2011 1:42pm Feb 10, 2011 1:42pm
Quoting Pollux
There are only two true options in terms of ECN and those are InterActive Brokers with 4 pipettes (o.4 pips ) commission at most / round turn and has very good liquidity (better than LCG) and London Capital Group (LCG) with 30 $/million/roundturn (half of MbT). The only problem is the minimum deposit : 10.000$ for IB and don't know for sure for LCG (it was 50.000$ but from what I understand it's 25.000 now).
This is not true, have you traded with LCG and seen the liquidity? If so which platform? CNX, EBS, FXall, Integral? you're telling me IB offers more liquidity?

IB also has WAY to high of commissions, and LCG is much lower then 30$/million. Minimum deposit is 20k.

I agree with oanda... best you can get for the little guys.

BTW yaed.. linuxtroll doesn't make money from scalping obviously... so that garbage you can throw out the window. What numbers are you "crunching"?? the market doesn't work like that, that's why these people make money for awhile and then give it all back and then some with methods like this, then they go on to "teach" and all the rest of the crap that follows.
  • #95
  • Feb 10, 2011 2:09pm Feb 10, 2011 2:09pm
Quoting Monroe
This is not true, have you traded with LCG and seen the liquidity? If so which platform? CNX, EBS, FXall, Integral? you're telling me IB offers more liquidity?

IB also has WAY to high of commissions, and LCG is much lower then 30$/million. Minimum deposit is 20k.
Well, then there you go. LCG is the best ECN for small pockets .

[*Monroe, can you please tell me which would be the average slippage for 100 lots EUR/USD ? Thanks
Edit: In London session/ London+US]
  • #96
  • Feb 10, 2011 2:21pm Feb 10, 2011 2:21pm
I agree that Oanda is the best for EURUSD scalpers with small pockets. However, the main killer I see among scalpers is trading too much. Ten trades with Oanda and you have to get 9 pips just to break even for the day...that makes life hard.
  • #97
  • Feb 10, 2011 2:22pm Feb 10, 2011 2:22pm
Quoting Pollux
Well, then there you go. LCG is the best ECN for small pockets .

[*Monroe, can you please tell me which would be the average slippage for 100 lots EUR/USD ? Thanks]
Yes I would say so Pollux, definitely one of them at this point in time. But... you're pockets can't be too light

LCG is a prime of a prime, JP morgan is their prime broker... they have about 12-13 bank lines on there CNX hub, so you're getting interbank liquidity and pricing. Then it just depends on the ECN you choose and other liquidity providers through those.

100 standard lots? as in 10M size? This depends on the ECN you're using and their depth... but... 5-10M during London/NY hours on CNX shouldn't see much slippage, depending on conditions.
  • #98
  • Feb 11, 2011 1:21am Feb 11, 2011 1:21am
Oandas ninjatrader is one of the worst software ive ever seen, they had to be on crack when they coded that.
My signature is: "Classified".
  • #99
  • Feb 11, 2011 1:27am Feb 11, 2011 1:27am
oanda ninjatrader?
i never saw that
  • #100
  • Edited 3:22am Feb 11, 2011 1:46am | Edited 3:22am
Quoting dragan53
oanda ninjatrader?
i never saw that
Well thats the plattform they seemed to endorse. If they endorse crap like that, they must have crap in their brain, and at least alpari dont endorse software crap. You can say what you want about MT4, but i think its versitile, i got my stuff, it can be molded and tuned any way i can imagine i would need to.

The problem with CCI divergence i think is that in hindsight it always looks good of course, but one candle reversion really makes the minimal definition of a divergence, and since nobody can say it will contiune to reverse, thats all the que a person can get in order to enter or not, one candle reversal, as long as it is say beyond 100 and -100 lines. And a reversal of only one candle is far form certain to beomce followed by continued reversal. So its evident it takes a lot of discretionary experience and wisdom to get it to work properly, if its even possible for a specific person under specific conditions. So for instance a reversal sign near a short term MA, like MA 10, doesnt mean a whole lot, for instance couple with a period of tiny candles which will shrink down a bolly to indicate...well that it cant do much of a good job given that its in the middle of the day meaning there is a lof of movement waiting to happen usually.

So i mean, in general a CCI divergence is a reversed candle. If any more specific requirements are to be applied, things will of course change, say if a divergence is not to be interpreted on only one candle but it should take... oh i dont know more then that? The obvious would perhaps be to say that the divergence is a little peak/valley of its own, rather then simply a decrease when there was formerly an increase, or a increase where there where formerly decrease. The term "formerly" here being a minimal definition of only one candle.

Meanwhile envelopes is not dependent on and not affected for its calculation directly by candle size, but rather by the change in its period. Im not used to aiming through a 9-12 exponential MA area either, but of course it can be done.

Right now im getting a bit scared for my longs here, its getting pretty steep downhill looking.
My signature is: "Classified".
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