Sicko-Scalp-Machine

EURUSD, M1, 2011 February 23

EURUSD, M1, 2011 February 23

EURUSD, M1, 2011 February 23

ADX & EMA Lines indicate a weak Momentum & Vola.

So go out of the trades, take the profits with and wait.

as usual,
u & your post are highly commendable
may God bless u more..

Oh, thank you, you almost embarrass me... Means a lot coming from you. Thanks

Hi medici

My sentiments exactly!

FXcube

EURJPY, M15, 2011 February 23

Pivotal Point
DR1 113.89 then I'll take a look if price could go down.

EURUSD, M5, 2011 February 23
EURUSD, M15, 2011 February 23

EURUSD 1.3738 down

See also the M15 divergence.

Oh, thank you And my deepest respect for your efforts to explain your methods to developing traders - I know first-hand what is involved in managing a thread during trading hours. I hope thread followers appreciate that.

Hi buddy

In the hindsight it's really easy make a lot of interpretations.

I hope that interesting community members could also accept that advanced level traders are making errors even, may be they are able to manage these blunders in other forms.

You're really welcome!

Best regards
Fxcube

Very interesting discussion between ForexCube and Medici. I think Medici has a pretty good idea of how thankful I am for all his contributions to the forum, but additional thanks to both of you guys. It's stuff like this that keeps me coming back.

I hope that medici will take us more part at his productive statements.

He's a remarkable experienced trader and honours and rewards await him.

With due deference.

FXcube

see #88, please.


Exit at 1.3732 and wait.

Profit: + 6 pips (-1 spread)

Wait for EURJPY (now 113.75) if 113.80 is reached go down with EURJPY & EURUSD at M1

Go down with EURJPY at 113.75 and with EURUSD at 137.35, may be it's too early.

...& and take a look at USDJPY M30

whats your broker forexcube?

The CUBE is suspended?? Why??.. one of the few real deal educators for nothing on this site... MMMMM .. Strange..

Win Rate & Average Gain
Why High Probability Forex Trading Strategies Are For Suckers!

Most newer traders come to the forex markets in the hopes of making money. While some will fall in love with the game and strategies involved in profitable forex trading, most beginning forex traders just want to push a few buttons and put some money in their pockets.

What these traders don't understand is the universally perverse nature of this business...

In order to make money forex trading online, Everything seems backwards! You need to buy when the market is weak and traders are pessimistic and depressed, and then SELL when the market is strong and traders are greedy and optimistic! (Remember how excited everyone was about the riches available in the housing market JUST before everything blew up and the crisis began?)

In the same vein most new traders are doing everything they can to find forex trading software tools and ideas to increase their win rate. I would argue that many traders will eventually find that
their most profitable forex trading strategies are those with the lowest win rate.

The reason for this tendency is the inverse relationship between risk and reward and win rates.

You can build a forex trading strategy with an extremely high win rate, but it will likely have a very weak level of profit per trade. For instance, if you risk $100 on a trade with a 60% win rate, it is likely that your average gain will be say $100-$150.

If you want even more accuracy, say 80% winners, then it is likely that your average gain will settle out nearer $50-$60 per trade.

On the opposite side, if you are wiling to lose 7 or 8 times out of 10, average gains of $400-$500 are possible!

Let's look at the math behind each extreme...

Let's assume you trade 100 times using a high accuracy forex trading strategy.

You gain $50 on the 75 winning trades and lose $100 on the remaining 25.

50X$75=$3750 in gross gains.

25X$-100=$2500 in total losses.

Most commission based brokers who offer forex trading online charge around $5 per $100,000 so we will estimate commissions of $500 for 100 trades.

So, $3750-$2500-$500=$750 in profits for all your work in spite of a 75% win rate! Now, let us look at a strategy on the opposite side of the equation...

Once again we will analyze 100 trades.

Except this time your forex trading strategy only wins 1 out of every 4 trades.

While this sounds terrible on the surface... Let's look at the math behind this low accuracy strategy.

Your win rate is only 25% because you are targeting larger profits from your online forex trading...

If your average gain is $400 then your results would be as follows...

75 losing trades of $100 = $7500.

25 winning trades of $400 = $10,000

$10,000-$7500-$500=$2,000 in profits!

So, as crazy as it sounds, you can see from the examples in this experiment it is more then TWICE AS PROFITABLE to trade a forex strategy that loses the majority of the time!

Who-da-thunk it??

So take a minute to revisit some of the forex trading strategies you have given up due to a low win rate... You might be pleasantly surprised by their longer term profit potential!

http://hubpages.com/hub/--Why-High-P...re-For-Suckers

Excursus

I like to trade the Forex Market with different Trading Systems. Scalping is only one of them and it has the qualification under certain market conditions. If I would scalp all day long I think it could be better for me to toss the money directly out of the window - nonetheless you could earn profit and then some.

Kindest regards
FXcube

SUPER interesting thread.

Scalping is corn on my mill

To avoid distraction while doing it, I don't pay ANY attention to ANYTHING around me, except my screens.

NO telephone, no Skype, no chat, ..................not even the wife unless the place is on fire,