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Scalper challenge

  • #401
  • Mar 10, 2011 6:07am Mar 10, 2011 6:07am
Quoting yaed
Sell red, buy blue

EDIT: how about right now on AUD/USD, perfectly fine to long it right now.
how sure ru that its gonna come back
  • #402
  • Edited 6:31am Mar 10, 2011 6:20am | Edited 6:31am
Quoting dragan53
how sure ru that its gonna come back
Well thats why im currently analyzing 60.000 candles from a multitude of variables. But generally you have to settle with a small TP, i close sometimes for 1/400 of what im prepared to loose.

So if id trade H4 like that id go in to M30, M15 maybe M5 maybe and analyze PA before i enter, if its bouncing on MA 9 and perhaps MA 21 its still on the rush somewhere so id let it calm down for a bit before i enter.

And then when i do enter make first SL maybe totality of present bolly x3 and TP bolly x0.5. Reenter if its calming down a bit and its at a x0.75 of bolly size in loss, make that SL at first bolly x2.25 same TP. Third one will be SL at first bolly x 1.5 same TP, and maybe just maybe i have a fourth position in store. Then let the third cash in on its TP, the second i might take in a bit smaller TP and maybe leave the last one see what happens for a bit, maybe reenter.

I could do that on 30-300 pairs/stocks what ever and have really miniscule amounts in each, mostly riding everything i can get my hands on, mostly in loss all the time and closing for a bit of profit every here and there.

That would maybe up a total account a couple of % each week, with max loss of maybe 6-8% if there is a crash.

There are thousands of firms and funds doing that, at least the ones that are scrapping in some profit. The others are well... doing other stuff. The incredible profits is made doing other stuff, but this is pretty cool just chewing away at everything there is to chew on.


Another less scary SL strategy is to simply have SL = current bolly x0.65
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  • #403
  • Mar 10, 2011 7:15am Mar 10, 2011 7:15am
Quoting yaed
Well thats why im currently analyzing 60.000 candles from a multitude of variables. But generally you have to settle with a small TP, i close sometimes for 1/400 of what im prepared to loose.

So if id trade H4 like that id go in to M30, M15 maybe M5 maybe and analyze PA before i enter, if its bouncing on MA 9 and perhaps MA 21 its still on the rush somewhere so id let it calm down for a bit before i enter.

And then when i do enter make first SL maybe totality of present bolly x3 and TP bolly x0.5. Reenter if its calming down a bit and its...
good idea
dont go just 300,moreee
download the gci mt4 demo,they have loads
just look at 1h and higher
on m1,u cant see shit,they do front running

thats why i just look at patterns
its the best
i go over evry instrument in the mt4,and only decide on 3
out of 300 lets say

but whats even better,is to open a trading account with interactive brokers
trade their $1 per trade,compared to the rest of brokers 5-20 per trade
look at think and swim charts,trade a couple with them too,but trade mostly on ib because they are cheaper,go through 1000s of stocks evry day
i wastched wall street warriors and this russian guy that works for a hedge fund
does about 400 trades per day,his room has about 20 computers
and he uses bar charts,like mine
he goes over 1000s of instumetns a day
is he any different to us ?not really,except thta hes got a nice mercedes and an ecnomics degree,he understands the market
  • #404
  • Mar 10, 2011 7:22am Mar 10, 2011 7:22am
Quoting dragan53
good idea
dont go just 300,moreee
download the gci mt4 demo,they have loads
just look at 1h and higher
on m1,u cant see shit,they do front running

thats why i just look at patterns
its the best
i go over evry instrument in the mt4,and only decide on 3
out of 300 lets say

but whats even better,is to open a trading account with interactive brokers
trade their $1 per trade,compared to the rest of brokers 5-20 per trade
look at think and swim charts,trade a couple with them too,but trade mostly on ib because they are cheaper,go through...
Or he just puts a bolly on everything he can get his hands on do the thing with that.
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  • #405
  • Mar 10, 2011 7:30am Mar 10, 2011 7:30am
stay away from crap!

http://www.forex-tsd.com/metatrader-...od-broker.html

http://www.forexfactory.com/news.php?do=news&id=283909

on gci,the broker buys at market and sells it to u 2 pips higher
and tsd is adversising them
those guys have no class,just look at their low quality banners
i think their site is managed by some dirty pimple faced guy
since they dont even care how their ads look like,and what a bunch of scammers they are
  • #406
  • Mar 10, 2011 7:34am Mar 10, 2011 7:34am
I recommend staying the f*ck away from this area on E/U, looks like there is a bunch people wanting to do a lot of crazy friggin stuff here, looks like BAD shit to me. Candles go WHAM, SLAM, BAMM any which sort of lost its usual inherent logic.
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  • #407
  • Mar 10, 2011 7:36am Mar 10, 2011 7:36am
Quoting dragan53
stay away from crap!

http://www.forex-tsd.com/metatrader-...od-broker.html

http://www.forexfactory.com/news.php?do=news&id=283909

on gci,the broker buys at market and sells it to u 2 pips higher
and tsd is adversising them
those guys have no class,just look at their low quality banners
i think their site is managed by some dirty pimple faced guy
since they dont even care how their ads look like,and what a bunch of scammers they are
Chill with links to that other place, ops here get when you do that

Anyway, yeah there are all kinds of crooks about, wanting to hijack good talent and hard efforts of other people.
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  • #408
  • Mar 10, 2011 7:42am Mar 10, 2011 7:42am
night man
  • #409
  • Mar 10, 2011 11:44am Mar 10, 2011 11:44am
Taking a big look again at the whole fibonacci sequence, this italian dude wasnt all to dumb...
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  • #410
  • Edited 1:13pm Mar 10, 2011 12:14pm | Edited 1:13pm
Hey i got tired of my picture in my profile, and i forgot how to change it and i cant find how to do it, anyone who can tell me how to do it?

OK found it.
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  • #411
  • Mar 10, 2011 1:54pm Mar 10, 2011 1:54pm
shit man nice screeens

man that last pic and the new one looks different
  • #412
  • Mar 10, 2011 2:34pm Mar 10, 2011 2:34pm
Quoting dragan53
shit man nice screeens

man that last pic and the new one looks different
Maybe i am different, or rather i am, the question is only in what manner and how much different.

I would want to have 2 screens for each financial instrument, but i doubt my wife would be OK with 200-600 screens at home.

Oh and perhaps 3 different brokers for each instrument with a terminal for each so 600-1800 screens at home. MAN what a power bill i would get. Thatīd be a couple of thousand watts of heat energy from the terminals and screens. Hmm that would raise temperature in here to about 35 degrees, with really dry air.

When its -20 that would be OK though, temperature in here drops to 18-19 then so we got an extra heater, could get rid of that if we had all those terminals and screens.
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  • #413
  • Mar 10, 2011 2:44pm Mar 10, 2011 2:44pm
E/U just hit MA 21 on daily, kicking it away like a football.

Now we are in a bit of downside volatility i think. Cubes short at 1.3995 was pretty much SPOT on for long time investment, netting 220 pipers already and probably more to come
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  • #414
  • Mar 10, 2011 3:00pm Mar 10, 2011 3:00pm
im finally starting to get whatur talking about
and u can get about 6 pips somehwere
i think mr nice guy is somehwere 1 year behind ur thinking
with the ma's
esp the noobs on his thread they are like 10 years away from us
but knowing patterns is very important ,looking at volume too,
esp knowing vsa candles,
medici and i have good experience with the naked chart
he says he watched the naked chart for 2 years,thats what i did
why?
because i didnt know any indis and didnt think they can tell u where stuff is going
well of course they can tell u shit
they can help
  • #415
  • Mar 10, 2011 3:03pm Mar 10, 2011 3:03pm
after i make some money what i would like to do
is get a second screen for the fx ma ,indi chart and on my 1st screen ill be looking at euro futures
that would be nice
  • #416
  • Mar 10, 2011 3:46pm Mar 10, 2011 3:46pm
Quoting dragan53
im finally starting to get whatur talking about
and u can get about 6 pips somehwere
i think mr nice guy is somehwere 1 year behind ur thinking
with the ma's
esp the noobs on his thread they are like 10 years away from us
but knowing patterns is very important ,looking at volume too,
esp knowing vsa candles,
medici and i have good experience with the naked chart
he says he watched the naked chart for 2 years,thats what i did
why?
because i didnt know any indis and didnt think they can tell u where stuff is going
well of course they can...
Id like to only trade like the first trades i explained in post #379, but id have to have a decent broker and 0 spread for that. I think its nice to be stressed for seconds instead of for many minutes or hours.
My signature is: "Classified".
  • #417
  • Mar 10, 2011 4:09pm Mar 10, 2011 4:09pm
From tommorrow on ill probably let my demo rest for yet undefined time. Its high tide for the real money to see some action again.
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  • #418
  • Mar 10, 2011 4:15pm Mar 10, 2011 4:15pm
Quoting yaed
Id like to only trade like the first trades i explained in post #379, but id have to have a decent broker and 0 spread for that. I think its nice to be stressed for seconds instead of for many minutes or hours.
u might wanna try fxclub
they have zero spread on losses
u get a spread refund after u loose
  • #419
  • Mar 10, 2011 4:19pm Mar 10, 2011 4:19pm
http://www.fxclub.com/no-spreads-en
i had an idea before
get into a trade,and if u see a small loss,like 0,2 pips get out,without even paying a spread
hehe

and if u have a winning position keep in for like 5
  • #420
  • Mar 10, 2011 4:32pm Mar 10, 2011 4:32pm
its 40c per 1k comission,they can just give us the 2 pips per trade
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