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Scalper challenge

  • #761
  • Apr 21, 2011 3:38pm Apr 21, 2011 3:38pm
That's the system. I used it successfully during 2 hrs within London and US opening.
  • #762
  • Apr 21, 2011 3:41pm Apr 21, 2011 3:41pm
Quoting Dad
That's the system. I used it successfully during 2 hrs within London and US opening.
Ok i see. Its not so much different from what i do with MA 9 and 21 and sometimes MA 55 as an extra insurance in the back.

Now i have to pack my bag for tommorrow.
My signature is: "Classified".
  • #763
  • Apr 21, 2011 3:48pm Apr 21, 2011 3:48pm
I saw a screenshot of your system above and yes you are right, it is similar. The key item I relied on was I used it in conjunction with the 5M along with VSA. So I had the 1 M and 5M side by side and entering only in the 5M direction. VSA was also a good learning experience. The times that I made over 100 pips per trade is when I paid close attention to accumulation using VSA. Malcom has an extensive section here on that but if you want Cliffnotes version, I would also look at this - http://www.forexfactory.com/showthread.php?t=288120.
  • #764
  • Edited 11:24am Apr 22, 2011 10:22am | Edited 11:24am
Sometimes i amaze myself. Im often far more stupid then i realise. But then im often a lot smarter then i realise. Had a look at some of my old templates and i realised something that seems important: i used a simple ma a green one dont remember what period, its 9 i think, but i can load the old ones when i get home. The usage is that there needs to be a bit of difference between it and ma9 expo, and they need to be lined up all of em below/above price as it exits ma9 expo. All of em meaning 9,21,55 exponential and ma 9 simple. If ever ma 9 simple (or whichever it was) gets tangled and not lined up that way, that means market sentiment is unclear. Will post charts and template after the weekend.

Edit: actually, i think the missing simple
Ma is 17, just proves how unused i am at looking at simple mas. 2000 hours of looking at exponential ones does that to a person i can imagine. This reading (17) is pretty much spot on, i might tune it one period up or down, but its super great at 17. Probably the smartest thing ive rediscovered this year. It
seems most things worth remembering i need to forget at least once.

Edit 2 just as in my template this puts ma 21 usage in question to a high degree there is a great chance its not needed at all. Though 55 is probably still usefull.
My signature is: "Classified".
  • #765
  • Apr 22, 2011 11:38am Apr 22, 2011 11:38am
Quoting Dad
I saw a screenshot of your system above and yes you are right, it is similar....
Ive had my trials with multi timeframes, such as fxcube does but i can only think price for about 13 minutes in advance, after that it becomes very foggy to me. But i guess thats just how i think. If i trade for higher tf i go with very general pointers that must be at all times be general. Look at nzd/usd and silver on h4 or d1 for an example and then its quite evident that buying is quite nice, so like Jaywalker says "buy the fucking dip", its not more complicated then that. But the accuracy of that i cant judge very well. Thats why i dont trade senior timeframes. I applaud people who do, but given that i havent investigated it further, thats how far my nominal possible expressive knowledge goes in this field.
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  • #766
  • Apr 23, 2011 5:22am Apr 23, 2011 5:22am
hey
i am new and i hope to give me a good scalping strategy to follow ,
i need to give me what u see is the best and have a higher property of good chances

thanks
  • #767
  • Apr 24, 2011 8:37am Apr 24, 2011 8:37am
Quoting eramax
hey
i am new and i hope to give me a good scalping strategy to follow ,
i need to give me what u see is the best and have a higher property of good chances

thanks
If you want to you can have a look at my screenshots and templates. Dont know if you consider it a strategu or if its in any way what you are looking for. Its not sure there is such a thing that you are looking for, but of course that depends on what you mean when you say "scalping strategy".
My signature is: "Classified".
  • #768
  • Apr 24, 2011 8:54am Apr 24, 2011 8:54am
Simplified my trading some what recently Yead.

Mainly trading off M1 SMA 13.

Also EMA 140 / 200 and EMA 720.

Much simpler, main thing is SL logic, price moves down say 50pips, turns back over 13sma so go Long, SL first at new low then increase when possible to the 13sma value at it's low, keeps your losses manageable and doesn't create to many SL hits.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #769
  • Apr 24, 2011 10:07am Apr 24, 2011 10:07am
Quoting yaed
If you want to you can have a look at my screenshots and templates. Dont know if you consider it a strategu or if its in any way what you are looking for. Its not sure there is such a thing that you are looking for, but of course that depends on what you mean when you say "scalping strategy".
Hi mate quick question:

What is your average SL size and whats the smallest SL you've used before?

Just curious...
  • #770
  • Apr 25, 2011 1:53am Apr 25, 2011 1:53am
Quoting Turveyd
Simplified my trading some what recently Yead.

Mainly trading off M1 SMA 13.

Also EMA 140 / 200 and EMA 720.

Much simpler, main thing is SL logic, price moves down say 50pips, turns back over 13sma so go Long, SL first at new low then increase when possible to the 13sma value at it's low, keeps your losses manageable and doesn't create to many SL hits.
Ok you can show me some charts if you feel like it. Might look a lot like the places i enter.
My signature is: "Classified".
  • #771
  • Apr 25, 2011 1:55am Apr 25, 2011 1:55am
Quoting Pipalicious
Hi mate quick question:

What is your average SL size and whats the smallest SL you've used before?

Just curious...
3 is the smallest SL ive used with any success. But mostly i use SL 6, thursday i used SL 10 for a bit when i was concentrating on Ma 21 instead of 9. I see US doesnt have bank holiday today so i could actually work today... but i dont think im going to.

Silver is at 49 friggin dollars, touched at 49.85 earlier this morning! Long live the silver liberation army.

Buy silver, crash JP Morgan.
My signature is: "Classified".
  • #772
  • Apr 25, 2011 3:52am Apr 25, 2011 3:52am
Quoting eramax
hey
i am new and i hope to give me a good scalping strategy to follow ,
i need to give me what u see is the best and have a higher property of good chances

thanks
Now that i think about it, i dont think there is any good scalping strategies. The idea of what a strategy is and such is a wishfull projection of how people would like it for things to be. People have an idea of how they want things to be and they will look for confirmation of that idea in reality. And then they get upset when they cant find that confirmation. The problem is they started with an idea of how they think something is without having looked at the actual thing first.

I dont know any mechanical way of trading without having inside info, that i would consider good. If a strategy is not mechanical, meaning its not clear what to do when certain variables reads in a certain way, then that way of trading cannot be considered a strategy or a system, since its actually not systematic.

I mean if i say that i usually enter when price breaks MA 9 exponential, close, with MA 17 simple, close in the middle and MA 55 exponential, close at the back that means if i always entered on that i would be ruined. But that is what i enter on, only i dont enter on it all the time, only when it feels right. And generally it feels right when i recognize some patterns. By the wisdom of hindsight i can say that those times when i entered and closed in profit is those times when it felt right and i was right about feeling that.

That answer/approach may seem unfullfilling or not the one you where looking for, but its the truth as i know it. I can understand why you would want to be told about a truth different from that, but i cant tell you any such truth.
My signature is: "Classified".
  • #773
  • Apr 25, 2011 5:30am Apr 25, 2011 5:30am
Quoting yaed
3 is the smallest SL ive used with any success. But mostly i use SL 6, thursday i used SL 10 for a bit when i was concentrating on Ma 21 instead of 9. I see US doesnt have bank holiday today so i could actually work today... but i dont think im going to.

Silver is at 49 friggin dollars, touched at 49.85 earlier this morning! Long live the silver liberation army.

Buy silver, crash JP Morgan.
Cheers mate.

Yeah silver gonna be a good 'physical' investment i believe.

I need me get some silverlings for me to store
  • #774
  • Apr 25, 2011 9:01am Apr 25, 2011 9:01am
I have to remember not to enter when anyone (ie. London / US) is on the Holidays or not in full trade mode. My last two trades were painfully slow. I'm out until tomorrow unless the "perfect" trade presents itself.
  • #775
  • Apr 26, 2011 1:18am Apr 26, 2011 1:18am
Quoting Pipalicious
Cheers mate.

Yeah silver gonna be a good 'physical' investment i believe.

I need me get some silverlings for me to store
Yupp, and today its cheap, around 46 so get it while its cheap.
My signature is: "Classified".
  • #776
  • Apr 26, 2011 1:18am Apr 26, 2011 1:18am
Quoting Dad
I have to remember not to enter when anyone (ie. London / US) is on the Holidays or not in full trade mode. My last two trades were painfully slow. I'm out until tomorrow unless the "perfect" trade presents itself.
Yeah the problem is even if you get one nice move on a bank holiday, its a big chance there wont be any more moves after that.
My signature is: "Classified".
  • #777
  • Apr 26, 2011 1:29am Apr 26, 2011 1:29am
E/U probably going up for a bit today from here, after the reject of 1.45 area
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  • #778
  • Edited 2:13am Apr 26, 2011 1:58am | Edited 2:13am
Sorry about the slightly uglier graphics, my friend has a bit of an older version of windows so the brushes i normally used is not around.

Thin line is Ma 9 exponential, close

Medium thick one is Ma 17 simple, close

Thick one with violet lines surrounding it is MA 55 exponential, close
Attached Image (click to enlarge)
Click to Enlarge Name: Up on the hill.jpg Size: 146 KB
My signature is: "Classified".
  • #779
  • Apr 26, 2011 2:46am Apr 26, 2011 2:46am
Quoting yaed
Hi folks


Two things. Im tired of all the BS and i want to improve. Heres my idea: I open an Alpari demo account, and scalp that for a day, and post my statement for that day. If anyone is interested ill pass on the code and username for that account and that person can scalp it and post the statement. Now everybody into this will have the username and code for it, so everybody will be able to see precisely every trade done by the others.

What do i mean by "scalp"? Well a pretty general definition: short timeframe, relatively small TP and SL....
Hey,

It pays to keep trading simple, full stop, period. What suits me on all time frames is jumping in on important support and resistance areas.

Pay attention to these together with good risk to reward and you have a great way to trade...

Regards

Dane
  • #780
  • Apr 26, 2011 6:17am Apr 26, 2011 6:17am
Quoting Dane
Hey,

It pays to keep trading simple, full stop, period. What suits me on all time frames is jumping in on important support and resistance areas.

Pay attention to these together with good risk to reward and you have a great way to trade...

Regards

Dane
The tricks is to jump one once they are rejected or broken and that needs to be confirmed somehow.
My signature is: "Classified".
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