Hi folks
Im not really that much on board with the hwole idea of "trading system", i think there is only one system and thats the universe or something like that, and since i didnt invent the universe i cant say i invented this way of trading.
Anyway im posting it because i was asked to here
http://www.forexfactory.com/showpost...&postcount=833
So thats what im going to do, since this place and its people have generally been good to me, im returning that with the same coinage.
I wont lie to you ever, so im not going to tell you how much you can make or something ignorant like that, i have no idea if you will win or loose, thats up to you. Some days i loose, some days i win thats the bottom line. I can give you some sort of summary in 3 years from now if thats what you want.
So first picture is what it looks like when im trading, today. Sometimes i switch things around, throw in another EMA like 55, and sometimes i get rid of it. For some reason today i traded really good, so that picture is not representative, most of the time im not that good. Green arrows is longs, red arrows is short. Also red arrows is closing places when i use the scripts.
Those scritps can be found here thanks to forexsaint.
http://www.forexfactory.com/showthread.php?t=193727
Second picture is an explanation of the M1 template, and for the occation i take a place yesterday when i traded like a fool just to show you im serious about what i told you that i dont lie.
When to enter
Right now om concentrating on break of S/R as long as it doesnt get right into the envelopes.
Another idea is to enter at the envelopes or if you see som PA you like when price is touching them.
When to close for take profit
You should not try for much more then 15 pips or so, if try for more you hang unto a deal after its probably given a slight indication of a reverse signal, which i dont do, im in until its done and then im out. I have my fixed TP usually at 10, but if it stalls in profit i close, and if i see big chance for about 15 piper i move TP a little.
When to close for loss
Mostly i use stoploss of 10+spread, and dont close it manually. I used to have SL 3-6 and maybe sometimes i use that, but not last week or this week.
Im not really that much on board with the hwole idea of "trading system", i think there is only one system and thats the universe or something like that, and since i didnt invent the universe i cant say i invented this way of trading.
Anyway im posting it because i was asked to here
http://www.forexfactory.com/showpost...&postcount=833
So thats what im going to do, since this place and its people have generally been good to me, im returning that with the same coinage.
I wont lie to you ever, so im not going to tell you how much you can make or something ignorant like that, i have no idea if you will win or loose, thats up to you. Some days i loose, some days i win thats the bottom line. I can give you some sort of summary in 3 years from now if thats what you want.
So first picture is what it looks like when im trading, today. Sometimes i switch things around, throw in another EMA like 55, and sometimes i get rid of it. For some reason today i traded really good, so that picture is not representative, most of the time im not that good. Green arrows is longs, red arrows is short. Also red arrows is closing places when i use the scripts.
Those scritps can be found here thanks to forexsaint.
http://www.forexfactory.com/showthread.php?t=193727
Second picture is an explanation of the M1 template, and for the occation i take a place yesterday when i traded like a fool just to show you im serious about what i told you that i dont lie.
When to enter
Right now om concentrating on break of S/R as long as it doesnt get right into the envelopes.
Another idea is to enter at the envelopes or if you see som PA you like when price is touching them.
When to close for take profit
You should not try for much more then 15 pips or so, if try for more you hang unto a deal after its probably given a slight indication of a reverse signal, which i dont do, im in until its done and then im out. I have my fixed TP usually at 10, but if it stalls in profit i close, and if i see big chance for about 15 piper i move TP a little.
When to close for loss
Mostly i use stoploss of 10+spread, and dont close it manually. I used to have SL 3-6 and maybe sometimes i use that, but not last week or this week.
Attached Image(s) (click to enlarge)
My signature is: "Classified".
. Few months ago I was struggling in the scalping and found its really hard to achieve. When almost gave up, I turned help for yaed for his template and trading method. With his generous sharing, he encouraged me a lot as well. Nowaday, altough my trading style is different with his(well, not really different coz in my point of view we both trade PA, but im scalping at 5min chart), Im becoming consistently profitable and hv more confident in myself. 
I'll follow this thread everyday.
