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Scalping 20+ trades per day

@jbbb

I will answer later. You are partially right...
If you're not part of the solution then you're part of the problem.
l gu 65
If you're not part of the solution then you're part of the problem.
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.
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.
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...
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
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
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.
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.
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.
Good Job, gotta learn your method!!
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
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.
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
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

Good morning.

sh eu 53
If you're not part of the solution then you're part of the problem.
@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.
sh gu 03
If you're not part of the solution then you're part of the problem.
out gu 63+ 40 pips
If you're not part of the solution then you're part of the problem.
out eu 42 + 11 pips
If you're not part of the solution then you're part of the problem.
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