Scalper challenge

Demo, i wouldnt put my cash on the line for something im not used to.
Just one possible envelopes trade so i didnt miss out on so much action for trading the demo today.

If i where to trade CCI divergence i think id use SL of maybe 10+spread

Those two longs form the morning is still haunting me like ghosts saying: You shouldnt have done that dumb@$$!

14:47 London time update, still havent got rid of those damn longs, but at least they are well balanced by profits locked on the book.

14:54 Finally i could close those two at a descent loss.

I am sort of liking the tct al cci divergence setup right now..
would you mind posting a couple of your trades,
as in screen shots of the these trades for confirmation
for those of us new to divergence trading to compare

Brian

Just put a CCI period 14, weighted close, lines at 100 and -100 and you are looking at what i am looking at. If you want lines, you have the time for entry and exit in the statement, im at London +1 hour time (Sweden).

I enter when i imagine i see a divergence, exit when i imagine i see support or resistance in the way of price going the way i thought it would.

u got some fans yaed

Im not worthy, if that downmove would have kept going those two loosing positions would have been catastrophic, tearing through my profits like crazy, i would have to multiply risk by insane amounts to get scalps out of that hole, that could have ended in true tragedy.

I wouldnt have the first clue on how to calculate profits longterm for trades running for so long a time, 5 minutes is OK, the next 15 is vaguely dark, after that i dont know which way is which in the future so i cant say i had any empirical evidence it would end relatively good as it did, which means im not worthy.

On the note of CCI diverence, i guess i would rather take that then just staring at price as it is, but if i would want to implement it on real money id have to practice and calculate SL for at least a couple of weeks more.

heres ur resistance levels

There are small offers in the 1.3555/60 area but they’re not huge…1.3575/80 would be the next near-term resistance if stops are triggered.

ru followign cubes system of not closing loses?

tl proving to be a challenge
speed of buying has slowed down on moving uptrend for now in ny
they might be waiting for the price to fall l,ower to buy more
voluem falling on falls

Hi,

i'm 'back'

- I trade mainly Frankfurt and London session
- I trade on M15 but with orientation on H4
- I always trade small in comparation with my size account, but small + small = add up!
- My strategy is based on pivot points, fibs and overbought oversold ideea. And even if i like to be with the trend, i really dont care about it, as i trade watching bounce setups.
- I trade continuously, in fact very rarely im not in the market between my trading hours. From here all those 500 in average trades per day (try currenex first to understand those 'clicks clicks')
- I am NOT looking at pips, NEVER, in fact pips are for retail, PnL are for PRO . Not that i am a pro, but learned from the best!
-Last, but not least, scalping is very fun! Dunno really why some people dont like it, but i guess it's part of the taste! or personalities!

Cheers

Today and yesterday i was sick so will stop here with trading...but still it's good enough !
Cheers!

http://a8.sphotos.ak.fbcdn.net/hphot..._8207628_n.jpg

http://a4.sphotos.ak.fbcdn.net/hphot..._7488468_n.jpg

I just wanted to compare entries.. have the setup

Doing very well with it.. I added the thv trix 4 v1.0
so I can get alerts on M1 cross and 0 cross as well
to look at the charts and look for serious divergence
(also very nice ob/os visual)
and I use a 5 cci on mtf to look for price to
start heading in the correct direction.

Anyway.. with the ma's as the other main filter...its
a very promising start.. thanks everyone.

Brian

danpa nice equity balance,is that real or demo

lower us yields,causing eurusd to go up more

I didnt bother so much with SL and closing today, concentrated on the entries since it was demo anyway.

Anyway thats it for this week, so happy weekend to everybody, cheers and catcha monday!

Not trying to be a dick. I imagine you all must have your own way of scalping. With so many different methods going on in one account, how do you expect to learn anything?

It didnt turn out that way, it was just an idea i had. Besides, i learned from it the way it turned out anyhow, perhaps someone else did too and that was the intention.

Ah ok. My bad then.

Good luck in your trading.

Real, quited demo 5 years ago

I love scalping..love it. I really want to thank Yaed and Cube
for the currently posted setup, in particular the tct all
template and setup.

Wonderful couple of days.. I am so used to the M1 and
basically integrated it into my M1 anyway so went
live with it right away.. like many of you in the
thread I do this for a living.

Really great..I truly can't wait till next week.

For any newbies who check out this thread, let me
give a suggestion to you who are newer, take
advantage of the first setup that occurs after
the ma setup... ie 10 20 50 are in correct
order..take the first divergence setup
in your direction... the additional setups
can be great, but the first setup is
going to be the highest prob and also
more likely to give you more pips
than subsequent setups.

The only time I break this rule.. (obviously
not just this setup but previous ones..)
is when price has retraced signifcant enough
to have the 10 come back under the 20
and price consolidated for a while right above
a strong support for longs..or right below
a strong resistance for shorts... and then you
get a new setup.. ie..price retraces enough to
reorder the 10 and 20 but not a strong
pullback indicating market weakness in your
trade direction..the s/r giving further support to
a new trade in your direction.

Anyway.. can save much of time and money
for newbies to adhere to such policy..
there is so much oppty, stick to the best
and supercharge your success.

thanks again and everyone have a great
weekend!

Brian

My answer to the poll is yes, but...


They have to be using the same method completely, there is no point otherwise, you'll just waste time arguing over which method is best and ruining each others confidence.

To trade successfully you simply have to have a good knowledge base about the market and develop a trading system to trade by the rules.

Bollinger bands alone, or ADX, or RSI, MACD, etc. cannot provide a consistently winning solution, you're right about that and that's why I would call it "trading ideas" not systems. Keep on studying and testing other strategies, some of these might be to develop here.