Scalper challenge

Yeap

It seems to be the best way which everybody could do!

Wish I was trading oil yesterday, a 1000+ pips move, CRAZY times are back I guess.

maybe a mod can delete this and my previous post ...

gallant correctedd my account to balance i expected

Sometimes you got to bitch and moan so other people here it and then voila they fix it. Nice to hear it worked out for yah!

Spent the day in the forest and scared a capercallie male. Damn that was the biggest bird i ever saw in the forest. I couldnt eat that thing in a week if i didnt have help. It was super quick to fly away so i couldnt get it on camera. Got a toad and a frog that just thawed and was all dazed so they just sat there when i took pictures of them.

Also the ants in the HUGE 6 foot anthill in Grössjön had awakend.

The crane in the ...83 picture is a bit hard to see, but its in the middle of the picture, i tried getting closer but it flew away.

Dont know what that crystal is, it was incapsuled in spheres in the rest of the rock.

OK now i need to write this down before i forget it.

Envelopes functions as normal volatility limits. So for instance if they get outside we are at high volatility. As usual they can be traded as i did for 6 months, and with a sort of big SL or some such, today, as can be seen they would do absolutely fine. Thing is i dont really know how to estimate how good they would be for trading beforehand so i dont trade them anymore, i want better accuracy. Its very possible that one day in the not so distant future ill get some help or some such so that i can actually make good enough quantitative estimations on when to trade them and when not to.

For the last 13 months of time my former prevailing estimation was that "we" should, logically speaking make around 6160 hours of work (40 hours a week, 3.5 people for 44 weeks ) in the 13 months that has gone by. That wasnt the case as all involved in it knows by now, 5 people in the beginning, regardless of if they thought about it enough or not. But, cest la vie i guess. Now all that is pretty much water under the bridge.

S/R lines i look for at H4, then adjust at H1, M30, M15, M5, M1 and then maybe go back to H4 and H1 and have a look see what it looks like and maybe do the hwole thing over again for a bit. Eventually they stick pretty nice within 0.5 pips or such, hopefully. I try not to go back 3 weeks to look for even the weak S/R since they probably arent there any more anyway.



Think i did pretty good the first day ever trading this way, using S/R as chief launching points for entries. Good riddance with trading off of MA 9, MAN that was stressful.

Tjena Stefan!

Dragan if your are reading this, nice trades you are making checked em out a bit on Zulu, you are a master at work dude!

Dragans zulu profile if anyone wants to check it out

http://www.zulutrade.com/TradeHistor...aspx?pid=45030


14:55 London time Maybe i should trade some more, but i just cant, im spent, im beat, my edge is dull as a rock. My brain feels like a rotten mango.

WHAM!

All winners baby! *Dancing around*

If anybody is interested id like to tell you about some things being said about price patterns. Im sure Mr. HA-pattern will not take offense if you partake in the discussion.

http://www.forexfactory.com/showthre...33#post4609033

Damnit, the pain oh the pain.

I want to be 65 so i can retire

Ive been requoted, and reqouted and requoted and lagged and requoted today. Instead of +4 i get -9 pips because of stuff like that, again and again. I have an inclination to take a plane to London and go buy a baseball bat and teach Alpari UK som manners.

Yaed,

Do you have this method shared in the trading systems area? I'd be interested in knowing more about it

I think i'll join ya!

Not to stare anything, but here are my experiences with them...

http://www.forexfactory.com/showpost...02&postcount=9

http://www.forexfactory.com/showpost...9&postcount=11

Well its not so much a method, but if you want me to sure ill do what i can.

Well Oanda doesnt seem much better to me, so i dont have much choice, god damn crooks!

I dunno why.

Your wish is my command

http://www.forexfactory.com/showthread.php?t=294094

Yaed,

Might I suggest that you look into using another tool to scalp. I would argue that using the correct tool in scalping is one of the top 3 critical success factors of a consistantly succesful scalper, I would go as far to say, thee top factor.

MT fails in 2 major areas, amongst others, for true scalping.

 

1. MT does not provide anywhere close to real ticks, not that many trading packages do, but some are much better.

1. MT is limited to 1m bars.

Comibined, these factors limit a MT scalper to a very short term breakout or swing trader, not scalper. I say this with caution, as this may be exactly what your trading style is and in that case you migh as well ignore my post, as you have a reasonably OK tool for that.

However, should you want to see deeper into trading activity, at any one point in time, I would suggest you investigate trading platforms that provide the following: (In order of importance, in my opnion)

 

1. Provide better tick activity.
2. Charts providing, tick activity, second & minute bars not limited to MT's narrow selection.
3. Charts providing x ticks per bar.
4. Possibly level 2 activity.

Reasons:

 

1. You are missing out on many signals within a 1 minute bar.

1. You are missing out on the optimum signal within a 1 minute bar, should you only want 1 signal for short term breakout or swing trading.

1. There are many S&R levels within a 1 minute bar that are not seen on MT.

1. Many of the signals you trade on a 1 minute bar that go on to be loosers, can be avoided by the price action seen within a 1 minute bar.

I know that there are many who read this that will say, this is not nessesary and too extreme. And it might be, but business is not about making a decision and hoping it will result in a profit. It's about having the right tool for the job, a tool that provides all the nessesary data and triggers to make the right decision. Trading needs to be treated as a business and MT is not that tool for scalping, as I define scalping.

Also, you are scalping against multi million dollar algorithms, maintained and continuesly developed by large banks. Seeing what these algorithms see is only the first step in many, to be a consistantly succesful scalper.

I've popped into this thread on a number of occasions and thought, he is not seeing what he needs to see, but I was not bothered to give my opinion as often I see these types of posts as show boating. However, you seem to be persavering with this, good or bad, and persaverence deserves some time, hence my opinion posted here.

PS.

While distracted on a conference call (on mute) and listening to music and running some analysis for work, I thought I'd spend 10 minutes scalping using MT to trade, but another platform for data and visual PA signals. I don't say this to blow my own horn, but to highlight the fact that even while distracted, using the correct tool has so many advantages. And yes it was only 10 minutes and not a viable sample to support my post, but then I'm only giving my opinion and anyone reading this will have to do the investigation for themselves.

http://www.forexfactory.com/attachme...1&d=1305375174

I wish you all the best in developing your trading and its success.

Regards,

JC

Youre insight is welcome my friend.

Well the broker speed is a big problem, with good speed of execution and no spread i would trade tick for about a pip SL and TP, or maybe like 4 pip Tp and 1 pip SL. It would not matter much what sort of chart i would look at beside the tick chart. I dont have that kind of execution and i think it would not matter much if i used another plattform with the same broker, from what i know nothing other then MT4 can be used with Alpari.

From what i gather Oanda and Alpari is the leat worst brokers and Oanda doesnt seem much better then Alpari, especially their "Ninja" plattform, its the worst piece of shite ive ever seen, far worse then MT4. What serious broker would provide their clients with such shite plattform so i gathered they where not better then Alpari.