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Scalper challenge

  • #601
  • Mar 22, 2011 5:22pm Mar 22, 2011 5:22pm
Quoting winningfx
70's nuclear reactor has 3 major hazards. nuclear meltdown, which is what is happening in japan now. produces tons of radioactive waste which creates storage issues. lastly it produces weapons grade material which is easily accessible and what the bad guys are after.

the nuclear reactors that are slated to be built by nations across the globe is better in design and safer.

there is another material that can be used to power a nuclear reactor. it's not widely known but it's been under research for years. new reactors that china and india...
Sounds like good stuff that Thorium. But as usual its not being used, not yet at least. Will be interesting to see if the italians kan make cold fusion plants.
My signature is: "Classified".
  • #602
  • Mar 22, 2011 5:24pm Mar 22, 2011 5:24pm
There is also the power of the sun

Quoting yaed
Sounds like good stuff that Thorium. But as usual its not being used, not yet at least. Will be interesting to see if the italians kan make cold fusion plants.
  • #603
  • Mar 22, 2011 9:06pm Mar 22, 2011 9:06pm
hey yaed

i signed up with go
the real account nd the demo account show big difference in moving averages
the 2400 on demo was at the top of the chart

the real account 2400ema was at the bottom where it bounced back from

have u noticed this with alpari too
  • #604
  • Mar 22, 2011 9:08pm Mar 22, 2011 9:08pm
Quoting Forexcube
Hi dragan53

Sorry dragan53 for my last comments. I have delete it.

FXcube
who cares make money
  • #605
  • Edited 5:18am Mar 23, 2011 2:16am | Edited 5:18am
Quoting Grandpost1
There is also the power of the sun
Yeah thats an awesome power. The newest generation solar panels i hear is pretty good.

Here is some live darkroom trades.

On the third one alpari requoted twice!


And later i get my butt handed to me on this last one. Now i have to shut myself in the closet and beat me up for a bit. Im cutting my SL real tight

And then i REALLY got creamed!
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  • #606
  • Mar 23, 2011 6:18am Mar 23, 2011 6:18am
Quoting winningfx
70's nuclear reactor has 3 major hazards. nuclear meltdown, which is what is happening in japan now. produces tons of radioactive waste which creates storage issues. lastly it produces weapons grade material which is easily accessible and what the bad guys are after.

the nuclear reactors that are slated to be built by nations across the globe is better in design and safer.

there is another material that can be used to power a nuclear reactor. it's not widely known but it's been under research for years. new reactors that china and india are...

That was to be expected. The stupid mankind in our days live at sb.'s charge. The old man and his Grandsun. What a myth. I'm an absolute apponent of nuclear power and all these hundreds of polluters in this stupid high engineered world! Money has make the world too much crazy!
  • #607
  • Edited 6:41am Mar 23, 2011 6:27am | Edited 6:41am
EURUSD, M1, 2011 March 23

Scalping with CCI (20) Tops and Bottoms and with the pivotal points.

No need to go out to early with your scalping trade when the market movement are going in the right direction. You could only earn m,ore profit! Why not? It makes no sense to go out too early! Let your scalping trade run in a swing trade.

One trade 6.6%.
(nonetheless this trade wasn't optimal, see #617, please)

Kindest regards
FXcube
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  • #608
  • Mar 23, 2011 6:40am Mar 23, 2011 6:40am
EURUSD, M1, 2011 March 23,

even better...
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  • #609
  • Mar 23, 2011 2:33pm Mar 23, 2011 2:33pm
Quoting Forexcube
EURUSD, M1, 2011 March 23

Scalping with CCI (20) Tops and Bottoms and with the pivotal points.

No need to go out to early with your scalping trade when the market movement are going in the right direction. You could only earn m,ore profit! Why not? It makes no sense to go out too early! Let your scalping trade run in a swing trade.

One trade 6.6%.
(nonetheless this trade wasn't optimal, see #617, please)

Kindest regards
FXcube
Yes i understand, in theory i agree, but i need to train my psyche to let it run when using real money. The positions i went in, as you can see almost all of them could have multiple times the TP, its very agitating and i need to learn to live with that agitation. The thing that makes it difficult is to listen to that be really agile in mind and really focus on recognizing the price pattern. The trick is to diffrentiate between feelings of stress, material needs, anger and such on the one hand and the pattern recognition on the other hand. So before i close i must be relatively certain i dont do it because of those feelings but rather that i recognise a reversal pattern.

Anyway, how come you abondoned your old CCI period 14 and used the 20 instead these days?

I know 4xq, in my mind one of the greatest traders that ever frequented this forum, also used the period 20 CCI. I say this even though he was later accused of being a leech, and perhaps he is/was both things.

The problem i have with the CCI divergences is that they are mostly confirmed backwards in time, and top/bottom is not much use to me either since if the CCI gets to say 230 or -230 there is not much substantial statistical data to say it will stop there and reverse.

Therefore i must try to transcend such problems, and try to see the pattern such as "If X happens, most of the time it will be followed by something like Y". I KNOW for a fact that i can do this, i have done it 9 times in a row on low spread, tight SL and live money, the statistical probability of doing it on chance is very, very low considering spread must be paid and i sometimes close on 1 pip + spread. Only one success should have a probability of around .4, multiplied by 9 times in a row thats only about 0.1% or 0.2% probability of success given that i would be only guessing.

My search for a more or less mechanical method of trading always fall short, it can work 10 times in a row in many backtests and such, and work at least 7 times in a row live trades and then some problems like low volatility fridays, tough S/R i perhaps should have noticed or something like that gets in the way, often in combination with me being more or less distracted, angry, tired or unfocused.

Every time mechanically following rules falls short and i go back to trade demo and its like running water, i cant fail if i stay focused and relaxed. I dont care much for indies and i just look at price and do the obvious thing. But problem is if i do it that way i cant crunch the numbers, i cant calculate probabilities, cant calculated profit factors, cant calculate advanced MM with multiple positions and different lot sizes. Therefore i go back to try to finding some mechanical way to enter.

I did find 3 ways of mechanically entering but one demands good latency, low spread and good broker. That way is about 90% accuracy, low SL and TP. One other way is confinement but if its done mechanically its only half decent. The third way is very simple statistical approach, high SL, multiple small lots, scaling in, scaling out.

But none of them is anyway near as efficient as i am with only looking at price when im focused and not worried.

Such is my dilemma
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  • #610
  • Mar 23, 2011 8:43pm Mar 23, 2011 8:43pm
What has Forex trading got to do with gut feelings?
Sometimes ago I was reading a book by a Forex trader and after explaining her strategy she will finish with follow your gut feelings. She said you could not be wrong with that. I read another one that said you should not follow that at all. He said is a way of bringing disaster to your trading. Which one are we going to believe? I started researching and I found out one of them was wrong.
What is gut feelings? It is that intuitive messenger in you that warn you of things to come. It is the inward knowing that something will happen. Some people call it intuition. Intuition accordion to Webster online dictionary means
1. Quick and ready insight
2. Immediate apprehension or cognition
3. Knowledge or conviction gained by intuition
4. The power or faculty of attaining to direct knowledge or cognition without evident rational thought and inference.
You just know it inwardly that is what I am saying. Some people call it urge. Some call it inward witness. Whatever you call it. It will help you in your trade. Let me make it clear to you. Have you ever been thinking of someone and a few minutes later he calls you on phone or he knocks on you door. This is what I am talking about. This is the gut feelings. It may happen to you when you are about to trade and you had the feelings that you should stay out of the market.
Or you had seen by your indicators that the market is going bullish and your intuition says it will be bearish. You go long and later it turns against you. Then you are saying but I have strong feelings that it will go down. It happened to me many times and I will not listen to my gut feelings and I will come out battered. When I began to understand this then I began to follow my intuition and I started making money.
I am a Forex trader who specializes in News Trading., I had a urge that the NFP of March will whipsaw on the currency I trade most GPD/USD. I then decrease my lot and at the same time trade EURO/USD. I lost 40 pips on GPD/USD while I made 20 pips on EURO/USD. I lost 20 pips on that day. If not for intuition I would have lost 40pips with high lot. In dollars translation I would have lost $1200 instead of $200. My intuition saved me $1000. Let us forget about myself let talk about known traders that rely on their gut feelings to trade.
Warren Buffet said that he always made sure his traders prayed whenever they were having meetings. He said they pray not because of anything, but that they should be able to have clear mind to trade. To me clear mind means they would be able to know inwardly what to do at any point in time.
Gorge Soros said he would never trade when his feelings is telling him otherwise. You should know he is one of the best traders in the world.
Felix Homogratus the owner of [... canceled] wrote the member of his society to close their carry on trade they were doing on GPD/JPY. He said he saw in a dream a Japanese man waving some papers like yen to him. He interpreted it to mean the yen is gaining strength again. So majority that yielded to his instruction made money while the others lost. This is intuition through dreams. I don’t know how you sharpen you own intuitions I did my own through prayer.
Let me end this article with this story.
I heard a story of how the gods were trying to hide the greatest secret of success from human beings. It is the gods’ believe that if it is given freely to humans they will not value it, so they called for suggestions. One of the gods said they should hide it in the deepest sea. This was rejected by the head saying he knows human, they would one day dig down and find it. Another suggested that they should hide it on the highest mountain and it was rejected because they believed humans will eventually climb the mountain and find it. A third suggested they hide it inside them.
This was received with applause. No human being will ever believe that all he needed to succeed is in life is within.
The moral of the story is this, what you need to succeed in Forex trading is right inside of you.
Yinka Taiwo is the CEO of [... canceled]. He has written many books on Forex Trading and other topics. You can download his free ebook on “How to Turn $1000 t0 $155,300 in six months trading Forex.” at [... canceled].
http://awesomeforexalerts.com/what-h...h-gut-feelings
  • #611
  • Edited 7:48am Mar 24, 2011 7:16am | Edited 7:48am
Quoting Forexcube
What has Forex trading got to do with gut feelings?
Sometimes ago I was reading a book by a Forex trader and after...
Actually i think a really good trader must do both, use gut feeling and not use it but rather use the more complex forms of the mind.

My latest template got pretty indicator heavy actually, the are used as probability descriptors. It will be a combination of the ideas of momentum and gravity.

My instincts today are like fried lobster, 5 consequtive losses. I should get a fucking medal.
Sorry thats 6 consequtive losses.

This is what the disaster looks like.
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My signature is: "Classified".
  • #612
  • Mar 24, 2011 8:05am Mar 24, 2011 8:05am
Be so kind to post it? A screen shot for sure to share would be appreciated. I am always berated for my heavy templates
but its my money so bugger off I say..LOL

Love to see what you have done to counter your current
situation... on the CCI I like cci 40 its not too heavy
but can help me to reduce my trades when I know I
am in the over trading mind space. But regardless 20/40/14
its not enough reason alone for me either (to trade the cci overheating)
but the data is clear that very often price
reverses from current course when it occurs
so its supportive but I have not been able to
just trade cci alone with that data.

I like what Cube shows-its not been the right
focus for me personally.. but that setup
is a good start... I currently like using
trix and seeing the m1 and M15 (m5 is too slow
M15 catches better trend direction without the
m5 which counters good trades and conversely
gets you in late when it does agree imho)
along with cci... after all I keep bringing myself
back to the point..its really about finding 20 pips per day
not killing the market 24/7... thats the real secret
for most retail traders-high prob and reduce your
trade oppty's.

Find your method for high prob...preferably quick
20 pips a day and then move on with your life
when you hit it each day.

Anyway... some thoughts for the newer visitors
who check out the thread... but love to see
what you got right now if you dont mind yaed.

Brian

PS: BTW I use cci 20 and 40 overlay levels
0 and 230/-230 only for simplification and
it works really well.. I agree on the other
topic as well on attempting to let profits run
right now though I find myself happy to get out
usually when cci 20 overheats in my direction..
at least close the first half.

Quoting yaed
Actually i think a really good trader must do both, use gut feeling and not use it but rather use the more complex forms of the mind.

My latest template got pretty indicator heavy actually, the are used as probability descriptors. It will be a combination of the ideas of momentum and gravity.

My instincts today are like fried lobster, 5 consequtive losses. I should get a fucking medal.
Sorry thats 6 consequtive losses.

This is what the disaster looks like.
  • #613
  • Mar 24, 2011 8:07am Mar 24, 2011 8:07am
Oh now I see it..ok thanks.. wasnt in my page before I posted.

Brian

Quoting yaed
Actually i think a really good trader must do both, use gut feeling and not use it but rather use the more complex forms of the mind.

My latest template got pretty indicator heavy actually, the are used as probability descriptors. It will be a combination of the ideas of momentum and gravity.

My instincts today are like fried lobster, 5 consequtive losses. I should get a fucking medal.
Sorry thats 6 consequtive losses.

This is what the disaster looks like.
  • #614
  • Mar 24, 2011 8:17am Mar 24, 2011 8:17am
Quoting golden1
Anyway... some thoughts for the newer visitors
who check out the thread... but love to see
what you got right now if you dont mind yaed.

Brian

PS: BTW I use cci 20 and 40 overlay levels
0 and 230/-230 only for simplification and
it works really well.. I agree on the other
topic as well on attempting to let profits run
right now though I find myself happy to get out
usually when cci 20 overheats in my direction..
at least close the first half.
Yeah new stuff is good stuff!
My signature is: "Classified".
  • #615
  • Mar 24, 2011 8:34am Mar 24, 2011 8:34am
I think how these candles look in these types of key junctures can be key to entering good. Thats very simple, very basic. I can see how these kinds of key junctures is most important to the overall shape of price.
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  • #616
  • Edited 8:56pm Mar 24, 2011 3:54pm | Edited 8:56pm
Quoting yaed
Actually i think a really good trader must do both, use gut feeling and not use it but rather use the more complex forms of the mind.

My latest template got pretty indicator heavy actually, the are used as probability descriptors. It will be a combination of the ideas of momentum and gravity.

My instincts today are like fried lobster, 5 consequtive losses. I should get a fucking medal.
Sorry thats 6 consequtive losses.

This is what the disaster looks like.
Why not make it more simple?
If you look solely at the bar which closes at the other side of the grey line for forex investments...
...instead if 6 consecutive losses play with all the indicators at your chart a little and take out the best, e.g. 12 wins.
...and with e.g. the ADX parameters (CCI/RSI/MACD) you could trade only the big ones.

and secondly take a look at the confirmation (intersecting lines); may be take here one market entry more (graduated position trading GPT).

Set the stop loss e.g. one or two candle before, which is the lowest/highest.

FXcube

Chart:
Minimum 12 Winning Trades
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  • #617
  • Mar 24, 2011 4:03pm Mar 24, 2011 4:03pm
Quoting yaed
Actually i think a really good trader must do both, use gut feeling and not use it but rather use the more complex forms of the mind.
Forex is to be handled flexibly!
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  • #618
  • Mar 24, 2011 6:07pm Mar 24, 2011 6:07pm
Quoting Forexcube
EURUSD, M1, 2011 March 23
No need to go out to early with your scalping trade when the market movement are going in the right direction. You could only earn m,ore profit! Why not? It makes no sense to go out too early! Let your scalping trade run in a swing trade.
not all scalpers can do this!! most scalpers will not stay in a trade for too long. it is their mentality that makes them so. it is what makes them scalpers. taking small profit suits them to a core and it's what they're after. they are too afraid of the market reversing on them and losing on whatever profits they might have already gained. if there's profit to be taken they will take it. thanks
  • #619
  • Mar 24, 2011 6:30pm Mar 24, 2011 6:30pm
Quoting Forexcube
What has Forex trading got to do with gut feelings?
Sometimes ago I was reading a book by a Forex trader and after explaining her strategy she will finish with follow your gut feelings. She said you could not be wrong with that. I read another one that said you should not follow that at all. He said is a way of bringing disaster to your trading. Which one are we going to believe? I started researching and I found out one of them was wrong.
What is gut feelings? It is that intuitive messenger in you that warn you of things to come....

this is like the sixth sense thing. some have it while others do not. if whenever you have this type of feelings and you feel strongly about it. then maybe you should act on it. you may be right or wrong.

the lady trader who thinks that gut instincts help. may feel very confident about her own gut instincts. due to her own experience that it helps and thus feels confident about it.

while the guy trader holds the view otherwise. which should be due to the fact that he thinks that trading should be EMOTIONLESS as possible. so as to make unbiased decisions about trading activity. so that decisions made during trading are too influence by emotions.

traders who look at the market for a long time may get complacent. thinking he/she knows all there is to know about the market and has seen it all. forming opinions on the market due to the news released. then expecting the market to move to where he/she thinks where it should go. such traders have fallen into their own world and risk becoming oblivious to what the market is really saying. thanks
  • #620
  • Mar 24, 2011 7:46pm Mar 24, 2011 7:46pm
I don't believe it's "gut instinct". I believe it's intuition that is based on experience. Once you do something enough it becomes second nature. You do things and don't think about it or why you did it. You just react based on past experience.

Also, I don't believe you should be emotionless either. Emotions can be helpful or harmful. It's up to the trader. Personally, when I get anxious and feel my chest tighten up to a point that feels like it's too much because a trade is stalling or starting to reverse, I exit my position. Without being aware of those feelings and acting on them I would delay in exiting and take a loss. No bueno.
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