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Scalping 20+ trades per day

  • #521
  • Nov 17, 2011 9:05am Nov 17, 2011 9:05am
@jbbb

I will answer later. You are partially right...
If you're not part of the solution then you're part of the problem.
  • #522
  • Nov 17, 2011 11:33am Nov 17, 2011 11:33am
l gu 65
If you're not part of the solution then you're part of the problem.
  • #523
  • Edited 1:21pm Nov 17, 2011 12:53pm | Edited 1:21pm
While waiting for the market to decide where to go, I will answer jbbb question.

1. I add at specific points, S&R levels on H1 chart, trend lines, fibos. I try not to add too fast since my goal is not to build heavy positions very quick. I try to add after 30 pips distance but it depends on my feeling of the PA. Also I try to be with the price within 23 fibo of the current move.

2. I add until I reach my designated % of leverage. It will not bring any value to you to disclose how much it is. If the position becomes too big I hedge it or cut a part of it in order to free leverage that I will add at a better point.

I hope this answers your questions.
If you're not part of the solution then you're part of the problem.
  • #524
  • Nov 17, 2011 1:49pm Nov 17, 2011 1:49pm
out gu 73 + 8 pips

total today +86 pips

I am done for today. C u tomorrow. Bye
If you're not part of the solution then you're part of the problem.
  • #525
  • Nov 17, 2011 3:57pm Nov 17, 2011 3:57pm
Hi, Majorusa

How do you hedge eu and gu?

Thks

Quoting majorusa
While waiting for the market to decide where to go, I will answer jbbb question.

1. I add at specific points, S&R levels on H1 chart, trend lines, fibos. I try not to add too fast since my goal is not to build heavy positions very quick. I try to add after 30 pips distance but it depends on my feeling of the PA. Also I try to be with the price within 23 fibo of the current move.

2. I add until I reach my designated % of leverage. It will not bring any value to you to disclose how much it is. If the position becomes too big I hedge it or...
  • #526
  • Nov 18, 2011 1:59am Nov 18, 2011 1:59am
Quoting majorusa
While waiting for the market to decide where to go, I will answer jbbb question.

1. I add at specific points, S&R levels on H1 chart, trend lines, fibos. I try not to add too fast since my goal is not to build heavy positions very quick. I try to add after 30 pips distance but it depends on my feeling of the PA. Also I try to be with the price within 23 fibo of the current move.

2. I add until I reach my designated % of leverage. It will not bring any value to you to disclose how much it is. If the position becomes too big I hedge it or...
hi, yes youve answered my questions.
thanks major.

ive often considered trading the way you trade, but have been wary about getting caught in a strong trend. So watching you how trade, especially big trending moves is very interesting.
thanks for posting yr journal and yr thoughts
  • #527
  • Nov 18, 2011 2:28am Nov 18, 2011 2:28am
Yes, following Majorusa become part of my trade now as his strategy quite similar to mine. Like a very strong confirmation to my trade esspecially on EUR pair.

Regards
Huyen
  • #528
  • Nov 18, 2011 2:45am Nov 18, 2011 2:45am
Good morning.

Thank you for your messages. I will start in order:
- I do not hedge eu with gu. I hedge eu by adding a percentage of the total position in the opposite direction. Same for GU.

- strong trends are difficult to master. As you see, I failed twice exiting eu. But the key is to have a very strict money management and to avoid building heavy unmanageable positions. What this means? It depends on your equity and your risk appetite.

- I want to stress again that this is not a signal service. You trade at your own risk.

- I am happy to answer your questions if the time is allowing me.
If you're not part of the solution then you're part of the problem.
  • #529
  • Nov 18, 2011 5:53am Nov 18, 2011 5:53am
out eu 66 +15 pips on position, 11 ad-ins
total on the trade + 165 pips

Total today 165 pips

As it shows I exited too early but this is trading I am grateful for what the market gave me today.
If you're not part of the solution then you're part of the problem.
  • #530
  • Nov 18, 2011 6:22am Nov 18, 2011 6:22am
Total this week +462 pips.

I am square. As you could see I did not trade today due to personal reasons which was a pity because I intended to be long again.

Anyway, have a nice week-end. Bye.
If you're not part of the solution then you're part of the problem.
  • #531
  • Nov 18, 2011 6:33am Nov 18, 2011 6:33am
Good Job, gotta learn your method!!
  • #532
  • Nov 18, 2011 6:43am Nov 18, 2011 6:43am
Quoting majorusa
out eu 66 +15 pips on position, 11 ad-ins
total on the trade + 165 pips

Total today 165 pips

As it shows I exited too early but this is trading I am grateful for what the market gave me today.
Majorusa Nice Trading
  • #533
  • Nov 18, 2011 7:09am Nov 18, 2011 7:09am
Thank you for your kind words.

It was a so an so week but, again, I am grateful for the result and for the pips the market gave me. This is a tough market, like nothing I have seen before. Take care.
If you're not part of the solution then you're part of the problem.
  • #534
  • Nov 18, 2011 8:46am Nov 18, 2011 8:46am
Quoting majorusa
Thank you for your kind words.

It was a so an so week but, again, I am grateful for the result and for the pips the market gave me. This is a tough market, like nothing I have seen before. Take care.
and you managed to make take a goodly amount of pips out of the market too. good trading major
  • #535
  • Nov 19, 2011 6:00pm Nov 19, 2011 6:00pm
Hi majoruse

I am new to trading. I have been following your journal for a few weeks. Your result is very impressive. I would be great full if you can answer the following questions.

  1. You use support & resistance points, Fibo, trend lines, for you entries. Do you use it for you exit as well?
  2. What time zone (i.e. GMT, EST ) do you use to calculate the pivot points?
  3. There is lots of news daily above the euro zone. Does it affect your trading decision?

Many thanks
Yonas

  • #536
  • Nov 21, 2011 2:55am Nov 21, 2011 2:55am
Good morning.

sh eu 53
If you're not part of the solution then you're part of the problem.
  • #537
  • Nov 21, 2011 3:01am Nov 21, 2011 3:01am
@Yonas

1. yes. I exit at support or resistance, fibo, ema.
2. my chart is GMT+2
3. of course. If there is a day with negative news for the euro and I am long I add more cautious.
If you're not part of the solution then you're part of the problem.
  • #538
  • Nov 21, 2011 3:08am Nov 21, 2011 3:08am
sh gu 03
If you're not part of the solution then you're part of the problem.
  • #539
  • Nov 21, 2011 5:18am Nov 21, 2011 5:18am
out gu 63+ 40 pips
If you're not part of the solution then you're part of the problem.
  • #540
  • Nov 21, 2011 5:22am Nov 21, 2011 5:22am
out eu 42 + 11 pips
If you're not part of the solution then you're part of the problem.
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