Scalper challenge | Page 43 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

GET A Scalper EA 21 replies

The Scalper Setup 28 replies

Coral - 5 Pip Scalper 11 replies

$ 2.4 Billion Scalper System 13 replies

Need a good Metatrader broker for a scalper system 14 replies

Attachments: Scalper challenge
Exit Attachments

Scalper challenge

  • #841
  • May 16, 2011 8:14am May 16, 2011 8:14am
Price is totally crappy today, it just nudges itself over the damn S/R and then retreats, damnit.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 16th before noon.jpg Size: 131 KB
Click to Enlarge Name: 16th afternoon.jpg Size: 124 KB
Click to Enlarge Name: 16 th afternoon disaster.jpg Size: 129 KB
My signature is: "Classified".
  • #842
  • May 16, 2011 8:33am May 16, 2011 8:33am
Tommorrow im trading M5
My signature is: "Classified".
  • #843
  • May 17, 2011 2:56am May 17, 2011 2:56am
Well not quite, i just ripped out the good stuff from the M5 thinking i got down to and put it on M1. K reading for Keltnerchannel was kinda tricky though to translate into M1 but eventually i got one thats pretty nice.

The tricky thing is not when to trade, its when NOT to trade.
My signature is: "Classified".
  • #844
  • May 17, 2011 3:03am May 17, 2011 3:03am
Quoting Waka
Yaed,
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.

JC...
so you executued on mt4 please try my script and tell me if it helps
[script]

BUY 0.45

Close - No - Confirmation Windows
Attached File(s)
File Type: ex4 close.ex4   2 KB | 241 downloads
File Type: mq4 Buy.mq4   1 KB | 268 downloads
  • #845
  • May 17, 2011 5:29am May 17, 2011 5:29am
Quoting yaed
The tricky thing is not when to trade, its when NOT to trade.
That is the "key" right there for consistent profits I believe.

Any outcome is 50/50. All systems "work" 50% of the time.

The only way that i currently know of to sway odds in your favor is through:

1) risk management.

2) knowing what conditions/parameters/events increase odds. I.e. knowing when not to trade.


aaargghhh!!! hehe
  • #846
  • May 17, 2011 7:41am May 17, 2011 7:41am
Quoting Pipalicious
That is the "key" right there for consistent profits I believe.

Any outcome is 50/50. All systems "work" 50% of the time.

The only way that i currently know of to sway odds in your favor is through:

1) risk management.

2) knowing what conditions/parameters/events increase odds. I.e. knowing when not to trade.


aaargghhh!!! hehe
Like dont trade when tired, angry, hungry and so on.
My signature is: "Classified".
  • #847
  • May 17, 2011 7:52am May 17, 2011 7:52am
Quoting Pipalicious
That is the "key" right there for consistent profits I believe.
... knowing when not to trade.
  • #848
  • May 17, 2011 1:10pm May 17, 2011 1:10pm
Quoting yaed
Like dont trade when tired, angry, hungry and so on.
Or trade where there is a higher probability of a vacuum of orders or even better, trade where there is a higher probability of orders opening positions in your direction. Simply logical I know and a bit of a non comment, but so many fail to read the obvious.

Scalping is about:

 

  1. knowing where these areas are

  1. opening positions on instinct without hesitation

  1. closing at first sign of resistance

  1. or being ruthless with your SL (based on price action not fixed SL).

Believe it or not, in Asian, London and US trading, these very short term scalping areas exist almost every minute, with the position almost always closing in the same or next minute.

I'll try and find some time to show some examples, but don't hold your breath. Life is like a box of chocolates, there's not enough time to eat them.

JC

  • #849
  • Edited 3:15am May 18, 2011 1:58am | Edited 3:15am
Quoting Waka
Or trade where there is a higher probability of a vacuum of orders or even better, trade where there is a higher probability of orders opening positions in your direction. Simply logical I know and a bit of a non comment, but so many fail to read the obvious.

Scalping is about:

 

  1. knowing where these areas are

  1. opening positions on instinct without hesitation

  1. closing at first sign of resistance

  1. or being ruthless with your SL (based on price action not fixed SL).

Believe...

Yupp, but i mean with a spread of 1.6, lagg, slippage, requote and "Trading context busy" bullshit from the bottom pits of hell its very difficult to trade for a minute or less. Most of that is dependent on broker not plattform, at least from what i gather.

So what im trying to do is get to the level of skill that Atheer1 has, being able to surpass those problems. Against ALL odds i might add, since in theory its almost utterly impossible. And at times i DO attain that incredible skill that noone in theory ever could have. Here is examples:

Its possible i was lucky those times. But i will only be able to tell if thats true or not a couple of years from now.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Another script.jpg Size: 104 KB
Click to Enlarge Name: Anticipated move.jpg Size: 97 KB
Click to Enlarge Name: Know the price.jpg Size: 114 KB
My signature is: "Classified".
  • #850
  • Edited 10:41am May 18, 2011 3:58am | Edited 10:41am
As opposed to today when i just cant seem to understand we are at a fuckrange where only fucktards try to trade at all. At least if they suck as much as i did today.

In afternoon i did OK though, only one big bummer. Maybe i should concentrate on first bounce of MA 21 after initial break of it.

On the other hand IF i can deal with this, i can deal with anything.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 18th before noon.jpg Size: 128 KB
Click to Enlarge Name: H4.jpg Size: 140 KB
Click to Enlarge Name: 18th afternoon.jpg Size: 122 KB
Click to Enlarge Name: 18th afternoon part 2.jpg Size: 124 KB
Click to Enlarge Name: Afternoon zoom.jpg Size: 123 KB
Attached File(s)
File Type: tpl hightf.tpl   13 KB | 243 downloads
File Type: mq4 KeltnerChannel_v1.mq4   3 KB | 232 downloads
My signature is: "Classified".
  • #851
  • May 18, 2011 1:53pm May 18, 2011 1:53pm
Guess FOMC had some kind stuff to say huh?

Dangerous stuff though, first position in a run like this can get hit for -50 pip in a matter of 30 minutes and if we are in a bear/bull rush that will last all day that -50 will turn to -300 in a few hours. Multiply that with a few bad ones and you are in -2000 at the end of the day if you keep em all. Considering i netted only 20, 25 something on it, its a risky affair.
Attached Image (click to enlarge)
Click to Enlarge Name: Ape shit market buying with the EAs.jpg Size: 154 KB
My signature is: "Classified".
  • #852
  • May 18, 2011 2:58pm May 18, 2011 2:58pm
I am thinking about doing something totally crazy tommorrow: Trading like a friggin maniac with multiple positions and if at any point i get to -200 pip on open positions i close the whole thing down and go drink coffee or something instead.
My signature is: "Classified".
  • #853
  • May 18, 2011 3:10pm May 18, 2011 3:10pm
Heres my stuff, happy trading people!

Peace, love and understanding!
Attached Image (click to enlarge)
Click to Enlarge Name: Lv66.jpg Size: 123 KB
Attached File(s)
File Type: tpl lv66.tpl   154 KB | 199 downloads
My signature is: "Classified".
  • #854
  • May 18, 2011 3:14pm May 18, 2011 3:14pm
Quoting yaed
As opposed to today when i just cant seem to understand we are at a fuckrange where only fucktards try to trade at all. At least if they suck as much as i did today...
Quoting yaed
I am thinking about doing something totally crazy tomorrow: Trading like a friggin maniac with multiple positions and if at any point i get to -200 pip on open positions i close the whole thing down and go drink coffee or something instead.
As a fellow scalper, who is prone to "blow-ups" (I dropped -55% in March),

...I'd say take a day or two off... get that coffee...maybe a movie...
...followed by a nice dinner... and a few beers...
...and come back next week.
  • #855
  • May 18, 2011 4:01pm May 18, 2011 4:01pm
Quoting Intu
As a fellow scalper, who is prone to "blow-ups" (I dropped -55% in March),

...I'd say take a day or two off... get that coffee...maybe a movie...
...followed by a nice dinner... and a few beers...
...and come back next week.
Well something like that later on wednesday next week when im going as drawing artist in the opening of the cultural center in Riddarhyttan. Im even going to be on stage while i draw, dont know really how thats going to work out or anything but it will be fun and ill get my mind of those blasted candlesticks for 5 days. Maybe ill get stage fright hwo knows, ive never done anything like that before.

Ill bring my older drawings and ill see if they want to hang any of em there:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 201101071581.jpg Size: 155 KB
Click to Enlarge Name: 201101101587.jpg Size: 287 KB
Click to Enlarge Name: 201105031889.jpg Size: 279 KB
My signature is: "Classified".
  • #856
  • May 19, 2011 2:30am May 19, 2011 2:30am
Quoting yaed
I am thinking about doing something totally crazy tommorrow: Trading like a friggin maniac with multiple positions and if at any point i get to -200 pip on open positions i close the whole thing down and go drink coffee or something instead.

Hi Yaed!

Be careful of underfunding, please! Brokers like it to pull the price.

I make the same sometimes exclusively with one of my "high risk trade account"!

I wish you success & happiness!

FXcube
  • #857
  • May 19, 2011 2:35am May 19, 2011 2:35am
Watching Silver and EURUSD at M1/M5/M15 currently and perform the "open order mangement" (OOM).
  • #858
  • May 19, 2011 2:39am May 19, 2011 2:39am
Quoting Forexcube
Hi Yaed!

Be careful of underfunding, please! Brokers like it to pull the price.

I make the same sometimes exclusively with one of my "high risk trade account"!

I wish you success & happiness!

FXcube
Well i didnt, i did this instead.
Attached Image (click to enlarge)
Click to Enlarge Name: I did this instead.jpg Size: 147 KB
My signature is: "Classified".
  • #859
  • May 19, 2011 2:40am May 19, 2011 2:40am
Quoting Forexcube
Watching Silver and EURUSD at M1/M5/M15 currently and perform the "open order mangement" (OOM).
I see we are sort of back to normal, i see somewhat a correlation between E/U and silver as there used to be.
My signature is: "Classified".
  • #860
  • May 19, 2011 2:42am May 19, 2011 2:42am
I like this at the moment.

Task: Unwind
Attached Image (click to enlarge)
Click to Enlarge Name: OOM, Step 1, 2011 Mai 19.jpg Size: 73 KB
4 traders viewing now