Scalper challenge

Yes very small things going on today, looked at other pairs and such also, seems like almost nothing is going on today.

I have been reading up on orderflow and supply/demand trading. People seem sometimes to think they are different things, i dont agree, i think its the same most of the time.

Placed a couple of longtimers on my demo this morning, they seem to be doing quite well so far.

Think i might go in and lock some profits tommorrow or something.

All of these is very quick and shallow fundie analysis and very quick heading up or heading down sort of quick look at H1.

Edit: Dollar reversed so i closed it, might go in and buy some nzd, aud, cad, chf and sek against dollar later.

Damnit im still trying to get through MA 21, and it just keeps failing and i just keep doing it.

I mean apart from that, all winners today so far, and i KNOW what im doing wrong yet everytime i do it i see an opurtunity to so something that "might" be smart, but in the end every time i see its not.

What is smart is to trade the way ive decided to trade and not trade through MA 21 damnit. I wish i could go back to demo until im done with conditioning myself but that just wont work as good, i know im good on demo since then i dont worry i just go with the flow and i need to be able to do that with money.

19:41 Londn time: Charts for afternoon added.

Hi yaed, hi all


Here you can take a look at some scalping trades.

Entry Short = Red, Exits = PaleVioletRed.

EURUSD, M1, 2011 April 13

Yupp, decent TP on those.

MAN i fucked up today, market whopped my butt bigtime. Been crunching the numbers in the forest. I tried exhaustion to make the ego tired so i went into the woods where nobody go and i sat there for 8 hours and stared into the crackling fire and watched the woodpeckers. It was enough to let subconsious take over and it seems i cracked it when i detached ALL my feelings from the situation.

Im telling yah, subconsious is much wiser then ego.

Thanks to Cube, i borrowed an idea from your thread actually to solve it.

NOTE to self: I also checked back couple of days to see if its still a good idea, and yeah it is.

Second NOTE: Also when price has touched MA 21 and gone away a bit, its done reversing.

It will probably take a couple of days to get used to staring at an RSI again but it seems it will be worth it.

03:16 Getting tired.

EURUSD, M1, 2011 April 14

Scalping with Trendlines

Somtimes some Trendlines could give you excellent opportunities for making a coin here and a coin there.

Here you need no indicators, only trendlines.

You could Make money if you're able to use the trendlines in a right way. Go also at M5 and M15 and put some one there into, before scalping the M1 chart.

How do you draw trendlines?
Link:
http://www.babypips.com/school/trend-lines.html
http://www.forextheory.com/technical...rend-analysis/
http://www.easytradeforex.com/catego...line-analysis/
http://ezinearticles.com/?Forex-Trad...tegy&id=554516

Yupp you might have seen this that i posted at another thread, while readin the thread:

There are a few things in that that is not visible, like why i mostly shorted. It was because i saw good reason that it would drop longterm, and it did.

Heres the kind of trading i would do if i was trading under different circumstances. Didnt use any indies for those just looked at price on H1.

I had guests (Ali & Majja) yesterday so only one position.

I woke up at around 10:00 yesterday on account of analyzing until 4:30.

asdasdasd

Hi yaed!

May be more like this?

I'll always take a look at M5/M15 when trading the M1.

The M1 Hammers and M1 Shooring Stars aren't much so strong as at higher time frames.

First upward run Hammer > Shooting Star. Let the win run. EMA lines are going parallel strong upwards.

Downtrend: the same.

Switch at M5 and let the M1 run. No need to go out too early.

Why? Ascending Vola and momentum!

The Cluster F*cks are extremely practice at Broker landscape. You have it to allow for. Do it the next time. Congratulation Yaed! You are getting more and more experienced! It's an important evolutionary step of becoming an excellent professional FX Trader. So you have to point out all the dirty tricks of the big capital investment player at the FX market including the dirty broker tricks! Might be it's time to through overboard alls these thoughts of simple-mindedness!

Your chart is an excellent example that indicators are only a help which can give you an orientation, they can never to be used as hard trading system rules for entry and exits!

An expierenced trader do compensate these orders with his Money Management.

You see all these trades are running in a win later. Why not go in once more at the Hammer and/ or the Shooting Star? You could have earn much more money in place of some loosing ones.

My two cents!

I wish you success & happiness buddy!

FXcube

Thanks for the input Cube i will meditate on it.

Technically i know what i did wrong, the first fail was a countertrade and i havent planned that. The two others i anticipated break of MA 9 as wells as break of 1.4476 support. Neither was a confirmed locked candle outside of those.

Some more demotrades for today.

Charts is mainly what i looked at when i placed it, also looked at M1 on E/U when i placed them.

Empirically it would almost seem that when i have no fear at all in my heart, its very seldom i make a misstake. But this is only relevant once the inductive thinking is being used, with possible statistical inference. Given that each and every situation is different from each and every other situation i cannot say or even guess at anythng else other then these situations. That being so would mean that what ever numbers and things are collected, it is no indicaton of future results or anything like that.

Look at NZD/USD H4/H1 and tell me that is not one of the most reliable channels there ever where. Anyway of course it will end at some point in time, but given no data to assume why assume it would end now or close to now?

Here is a line of thinking that i think some will appreciate: Given that youre long term analysis is right, when you are in a significant bit of profit in terms of quicker timeframes, why not close when you know a place is reached where price will make a bit of a reversal? So then just wait for the next opurtunity to align the short timeframe with youre long term analysis and reenter?

This sort of thinking is the true meaning of multi time frame analysis. However, with real money i fear the possible hybris and panic of loss. In a demo there is no loss, only numbers and i dont fear numbers, i only fear fear itself, since it shuts down logic.

I cannot answer exactly why, but when i look at E/U H4 what i see is that it bounced 4 times in a significant way at the 1.45 resistance. I feel that if i where to try get get a price above it, given that its friday and little more move left in the market, no matter which way it moves, i feel that price will not go through 1.45. Therefore i feel that if it goes up, it will NOT make it past 1.45. Therefore i could place my SL at around say 1.453. If i do that, i should be well within safety. Thats how i felt when i placed those E/U orders.

About the NZD/USD, just LOOK at a H4 chart! Its going straight up!



Anyway, E/U seems to have find a equilibrium and the toughest resistance (1.45) in a LOOONG time. There are hundreds of millions if not billions of base currency being used to defend that area. Its unclear why, and quite unimportant.

Im actually drinking alchohol now, cherry coke and Bacardi earlier, now its Vodka and coke. Brings back memories from my days of heavy drinking 12 years ago, not something i want to do again in those timeframes

Anyway most important: Focus. To focus when to place positions is of grave importance. So for anyone only trading H4, the focus can have a small timeframe in scope. For me it is, perhaps unfortunately, a matter of being focused all day.

That 1.45 support proved a very important, after those 3-4 pushes at it all incentive to try to break it went away so the drop was more significant then i hade anticipated.

Live trading is all shot to hell today, no point in posting the chart since i only keep repeating the same misstakes anyway.

Lot size for the demo account size is about half what i would want to trade with real money of the same size account. So those sizes should be ok for say a 10.000 euro account, or maybe 15.000 to be more on the safe side. All these trade are placed without implementing stoploss in the normal sense, and instead using increased risk rather then stoploss.

Will leave those during the night with some TPs place above 1.427 region for E/U and if asia decides to prop the dollar up some they will get taken out in some profit.

Bolly on H4 sure opened up a bit for that drop, last time we got some move like that was in Januari 13th, although that was quicker, but about the same size in pips.

Looks like NZD/USD smacked into a tough support at 0.786

London end put E/U below 1.423 resistance that proved very tough at around 4th of April, but finally in the 5th we got through so will be interesting to wake up tommorrow and see what happend to it. E/U went totally dead at London close and NY is still munching on their lunch, but it dont look like they are going to do much of anything.

I should consider using Keltner channels for H4 they can look pretty nice and not contracting so much at low volatility as the bollys do.

Had a bunch of open trades on this laptop i noticed. Placed a bunch more but with much smaller sizes, will post those when closed. Dont know why the plattform is in swedish, maybe i choose it but anyway.

I will work more on these tommorrow, will refine them on H1 and see what i can see, they are about 10 pip +- now mostly done by eye. I should want to remove one or two of them if possible, its getting a bit cluttered.

I should post some work on the 300 pips below seeing as we are probably going there pretty soon for a look see.

Think im going to let this one range itself out of this before i go in again.

The birds are singing like crazy outside of my window, its like an early summer greeting concert.

Super and super crap, guess which one is which?

Those U/C trades on the demo are failed orders, i thought i was buying oil, but as it turns out i cant do that on the demo so insted uknowingly i bought Usd/Chf

Bottom statement is from my laptop, couple of trades i made while watching BBCs series "The planets" and listening to Lindsey Williams on Jones.