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Scalper challenge

  • #621
  • Mar 24, 2011 7:48pm Mar 24, 2011 7:48pm
Quoting winningfx
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...

Sixth sense obviously isn't real, it's entirely a lack of brain malfunction some peoples brains don't suffer when real money is involved in fear / greed and therefore trade well, not many I'll add.

The brain is also a just a huge pattern matching thing, some peoples brains just better match the patterns to what is happening then trade on that, without over thinking it and then kick ass.


For us mere mortals with lazy, fear and greed led brains its a uphill battle trying to retrain it and master trading, which is the challenge I like.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #622
  • Mar 24, 2011 7:49pm Mar 24, 2011 7:49pm
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
Easy to say in hindsight. I can't tell if you're saying it's something you're working on doing yourself and encouraging other to work on it too. If so, great, that's a good goal. But if you're saying you do that on a consistent basis using proper money management then I'd find it hard to believe.
  • #623
  • Mar 24, 2011 7:52pm Mar 24, 2011 7:52pm
My Gut just processes food and fluids nothing more or less. There is no such thing as Gut instinct.



All Mumbo Jumbo is just Mumbo Jumbo, religion, astrology, pyscics there just there to prey on the weak don't give into them there evil, no not evil that also isn't real just a human construct.



It's good to have a nice little rant
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #624
  • Edited 9:06pm Mar 24, 2011 8:23pm | Edited 9:06pm
Quoting Trankuility
Easy to say in hindsight.
#622, #617.

I'm not the man who like to babble in hindsight but allow me that I make the error analysis in the hindsight, please.

Trade 2011.03.23 11:23GMT+1 sell EURUSD 0.05 1.42022 Exit 12:20 1.4169
Attached Image (click to enlarge)
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  • #625
  • Mar 24, 2011 8:26pm Mar 24, 2011 8:26pm
Quoting Trankuility
... But if you're saying you do that on a consistent basis using proper money management then I'd find it hard to believe.


My sentiments exactly!

FXcube
  • #626
  • Mar 24, 2011 8:58pm Mar 24, 2011 8:58pm
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.
  • #627
  • Edited 1:50am Mar 25, 2011 1:29am | Edited 1:50am
Quoting Forexcube
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...
Thats very interesting. I thought about many things similar but not that in particular. Youre input is highly regarded.

Its important to note that the later part of that chart is high noon lunch time so its always tightly rangy at that time.
My signature is: "Classified".
  • #628
  • Mar 25, 2011 1:46am Mar 25, 2011 1:46am
Quoting Turveyd
My Gut just processes food and fluids nothing more or less. There is no such thing as Gut instinct.



All Mumbo Jumbo is just Mumbo Jumbo, religion, astrology, pyscics there just there to prey on the weak don't give into them there evil, no not evil that also isn't real just a human construct.



It's good to have a nice little rant
I mean experience=instinct=sixth sense=gut instinct=pattern recognition

They are hard to diffrentiate from oneanother.
My signature is: "Classified".
  • #629
  • Edited 3:57am Mar 25, 2011 2:12am | Edited 3:57am
2 profits in a row so far. Ill post when ive done a few positions.

Thats using a combination of super fast MA 9 exponential defined confinment trades with MA 21 as a backbone + cubes input about MA 12 simple

Now its more like a sh1tstorm going everywhich way with mostly losses.

Think ill be sticking to the MA 9 confiements, meaning when price touch MA 9 and MA 21 is behind it a line is placed in the recent high/low of locked candles, and if thats broken i enter. Thats a pretty good method.
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My signature is: "Classified".
  • #630
  • Mar 25, 2011 7:26am Mar 25, 2011 7:26am
Quoting Trankuility
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...
thats it big joe lipscumb
  • #631
  • Mar 25, 2011 7:29am Mar 25, 2011 7:29am
Quoting yaed


Now its more like a sh1tstorm going everywhich way with mostly losses.
.
u know the best algos make 55-45 losses,but their wins are bigger than their losses,so at the end they make more than they loose
  • #632
  • Mar 25, 2011 7:38am Mar 25, 2011 7:38am
Quoting yaed
2 profits in a row so far. Ill post when ive done a few positions.

Thats using a combination of super fast MA 9 exponential defined confinment trades with MA 21 as a backbone + cubes input about MA 12 simple

Now its more like a sh1tstorm going everywhich way with mostly losses.

Think ill be sticking to the MA 9 confiements, meaning when price touch MA 9 and MA 21 is behind it a line is placed in the recent high/low of locked candles, and if thats broken i enter. Thats a pretty good method.
a pivot point is not like a point where the price has to come back,and magically comes back
it mostly a point where the stop hunting stops,because they reached the limit,cant go for more,whern theres a major news coming,the price often breaks those pivot sr points,as the expectation is bigger than the stophunt
because evryone is expecting the same thing
esp when u know that even if usa gets some good news,its gonna be low,still a plus for euro

its all about if theres enough participants to get fooled,*stophunted
if evryone is going the same way ,that would mean the force is too strong and the dealers will be going against the market,the hunters will get hunted,hunting is all about finding the liqiidity for the dealers customers,as the cascade of stops provides the market for the dealer
their customers are corporations,instituions of all sorts,.....u get the point they need to exchnage the money in the most profitable way

use the force

http://icanhascheezburger.files.word...h-yoda-cat.jpg
  • #633
  • Mar 25, 2011 8:38am Mar 25, 2011 8:38am
Quoting yaed
Its important to note that the later part of that chart is high noon lunch time so its always tightly rangy at that time.


I personally wouldn't trade in these market environments might be with a low ADX value and would only prefere the bigger M1/M5 trends with ascending vola and momentum.
  • #634
  • Mar 25, 2011 8:41am Mar 25, 2011 8:41am
Quoting yaed
...+ cubes input about MA 12 simple...
Hi Yaed

Could you show me this comment, please?

Kindest regards
FXcube
  • #635
  • Mar 25, 2011 8:51am Mar 25, 2011 8:51am
Quoting Forexcube


I personally wouldn't trade in these market environments might be with a low ADX value and would only prefere the bigger M1/M5 trends with ascending vola and momentum.
u know except us retail traders,no one really cares about adx,no major trading power

the adx stuff was made like 30 years ago,not too good for todays markets,
where evry millisecond counts
plus it was made for stocks,not decentralised markets

dont mean to offend u,just informing u
peace out
  • #636
  • Mar 25, 2011 1:45pm Mar 25, 2011 1:45pm
Quoting dragan53
u know except us retail traders,no one really cares about adx,no major trading power

the adx stuff was made like 30 years ago,not too good for todays markets,
where evry millisecond counts
plus it was made for stocks,not decentralised markets

dont mean to offend u,just informing u
peace out

Hi dragan53

I have read this kind of literature, too. Most of the old indicators are coming from stock and option market due to the fact the FX had opened his doors a wider public trader community later.

It's equal for me if indicators are 50 years old, if they do an acceptable work empirically for me.

On the other hand it makes no sense for me to trade the M5 with ADX < 20/25, ...too much false breakouts. Otherwise if ADX > 20 and M5 seems to be in a trend so I can easily trade M1 in the same direction with higher risk.

I make good profits with this empirical value. You can earn with fault indicators quite as well.

Only for information,... how I like triggering some good trades sometimes with old indicators. If not then MACD, RSI, CCI, MA, Pivotals, Fibonacci's all these stuff have to be thrown away. May be you have time and could give some aspects or links of really good indicators which were constructed in the last three years which could give more information (orientation) then the old ones or quite as well.

I don't need ADX solely it is a must to put aside other indis by using ADX.

What indicators do you need by scalping?

Kindest regards
FXcube
  • #637
  • Mar 25, 2011 3:18pm Mar 25, 2011 3:18pm
Quoting dragan53
u know except us retail traders,no one really cares about adx,no major trading power

the adx stuff was made like 30 years ago,not too good for todays markets,
where evry millisecond counts
plus it was made for stocks,not decentralised markets

dont mean to offend u,just informing u
peace out

major trading powers = banks,hedge funds and real money accounts only care about the fundamental health of the economies behind the currency. s/r levels, yield of the currency and what other banks are doing. thanks
  • #638
  • Mar 25, 2011 3:20pm Mar 25, 2011 3:20pm
Quoting Forexcube
Hi dragan53

I have read this kind of literature, too. Most of the old indicators are coming from stock and option market due to the fact the FX had opened his doors a wider public trader community later.

It's equal for me if indicators are 50 years old, if they do an acceptable work empirically for me.

On the other hand it makes no sense for me to trade the M5 with ADX < 20/25, ...too much false breakouts. Otherwise if ADX > 20 and M5 seems to be in a trend so I can easily trade M1 in the same direction with higher risk.

I make good profits...
hi fxcube,

if you can use some indicators to trade fx profitably. then by all means use it!! there are traders who trade using planetary cycles. don't understand the logic behind it. but if it makes money for you, go right ahead!! if it works for you, then good for you.

but most of the indicators are crap anyway. especially in fx where indicators are recycle and repackage. when they are actually the same thing or just a slight variation of one another.

many of the scammers selling indicators online so this. calling their indicators by any other name. then using historical charts to show the entry and exit points of their wonderful indicator. trying to impress the unsuspecting with past data. showing how much money you'll make bla bla bla. cheating people out of their hard earn money.thanks
  • #639
  • Mar 25, 2011 4:25pm Mar 25, 2011 4:25pm
Quoting Forexcube
Hi Yaed

Could you show me this comment, please?

Kindest regards
FXcube
http://www.forexfactory.com/showpost...&postcount=616

That one, the thicker line is MA 12 simple.
My signature is: "Classified".
  • #640
  • Mar 26, 2011 12:01am Mar 26, 2011 12:01am
Quoting Forexcube
Hi dragan53

I have read this kind of literature, too. Most of the old indicators are coming from stock and option market due to the fact the FX had opened his doors a wider public trader community later.

It's equal for me if indicators are 50 years old, if they do an acceptable...
man,the only indicator u need is volume and trendline tool
thats all
evry else is best to live it to ur experience

btw,the new algos are all non linear,and thes tuff we have on mt4 is all linear
linear doesnt work
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