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Scalping 20+ trades per day

  • #601
  • Nov 23, 2011 1:12pm Nov 23, 2011 1:12pm
@ whatfx

exactly the one described in the first post.
If you're not part of the solution then you're part of the problem.
  • #602
  • Nov 23, 2011 2:57pm Nov 23, 2011 2:57pm
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 cut...

Hi Majorusa

I am trying to learn the fibonacci. When you say "I try to be with the price within 23 fibo of the current move", can you please show an example when you get a time.
  • #603
  • Nov 24, 2011 1:24am Nov 24, 2011 1:24am
Quoting majorusa
out eu 82 + 12 pips on the position two add-ins
total +24 pips on the trade

Total today +132 pips

I am done for today. I was not in top shape but I am grateful for what the market gave me.

Hmm just sharing some pointers i'm not 100% correct though but i think you did not wait long enough for the retracement on your second entry to the EU ? it was a good wave i was on it as well good pips

Alfred.
  • #604
  • Nov 24, 2011 3:12am Nov 24, 2011 3:12am
Good morning.

sh eu 01
sh gu 56
If you're not part of the solution then you're part of the problem.
  • #605
  • Nov 24, 2011 3:14am Nov 24, 2011 3:14am
Quoting yongda
Hmm just sharing some pointers i'm not 100% correct though but i think you did not wait long enough for the retracement on your second entry to the EU ? it was a good wave i was on it as well good pips

Alfred.
Correct. But I was on my way out of the house and I want to get out of all trades. As a coincidence, when closing the position there were news that took the price down more.

I know that I am not very good in following trends
If you're not part of the solution then you're part of the problem.
  • #606
  • Edited 3:56am Nov 24, 2011 3:29am | Edited 3:56am
Quoting majorusa
Correct. But I was on my way out of the house and I want to get out of all trades. As a coincidence, when closing the position there were news that took the price down more.

I know that I am not very good in following trends
However you are good with the market sentiments, are you going long today ? i just exited after caught in the movement for 5 hrs

thinking of going in long EU in a while if the retracement go further down?
  • #607
  • Nov 24, 2011 3:36am Nov 24, 2011 3:36am
out gu 44 + 12 pips
If you're not part of the solution then you're part of the problem.
  • #608
  • Nov 24, 2011 3:37am Nov 24, 2011 3:37am
sh gu 49
If you're not part of the solution then you're part of the problem.
  • #609
  • Nov 24, 2011 4:06am Nov 24, 2011 4:06am
out eu 81 + 20 pips
If you're not part of the solution then you're part of the problem.
  • #610
  • Nov 24, 2011 4:08am Nov 24, 2011 4:08am
@ yongda

I am short today. And I will probably be short a while until the EU crisis finds a resolution.
If you're not part of the solution then you're part of the problem.
  • #611
  • Nov 24, 2011 4:10am Nov 24, 2011 4:10am
out gu 43 + 6 pips

Total so far +38 pips
If you're not part of the solution then you're part of the problem.
  • #612
  • Nov 24, 2011 4:13am Nov 24, 2011 4:13am
Anyway, today be more cautious because is holiday in the US. So thin liquidity in the NY hours. It may take the price anywhere, or not. But is a gamble.
If you're not part of the solution then you're part of the problem.
  • #613
  • Nov 24, 2011 4:16am Nov 24, 2011 4:16am
Quoting majorusa
Anyway, today be more cautious because is holiday in the US. So thin liquidity in the NY hours. It may take the price anywhere, or not. But is a gamble.
indeed was taking too long a scalp just not 5hrs for me to close the position and i'm sitting out rest of the day now because of the liquidity like you mentioned

good move on the short just now congrats i have to leave now

ciao
  • #614
  • Nov 24, 2011 4:27am Nov 24, 2011 4:27am
Quoting majorusa
Good morning.
sh eu 01
sh gu 56
Good morning. I must say that you trade almost exactly as I do.
However the above call is more than 10 minutes late... eu moved 15 pips in your favor already at the time of your call

May the pips be with you.

pvpn

ADDED: Apologies. I didn't account for the time difference correctly. Your call was spot after your trade. Sorry.
  • #615
  • Nov 24, 2011 4:36am Nov 24, 2011 4:36am
look from Dukas server. Time is GMT.
Attached Image
If you're not part of the solution then you're part of the problem.
  • #616
  • Nov 24, 2011 4:46am Nov 24, 2011 4:46am
sh eu 64
If you're not part of the solution then you're part of the problem.
  • #617
  • Nov 24, 2011 4:55am Nov 24, 2011 4:55am
great, post is just 1 min later. keep on tradin'!!
Quoting majorusa
look from Dukas server. Time is GMT.
  • #618
  • Nov 24, 2011 5:15am Nov 24, 2011 5:15am
sh gu 28
If you're not part of the solution then you're part of the problem.
  • #619
  • Nov 24, 2011 5:17am Nov 24, 2011 5:17am
I do not intend to pollute your thread. Hope you're out EU by now. Here's my stuff today. I'm trough tough, because of the holiday. Times are CET.
Attached Image (click to enlarge)
Click to Enlarge Name: ss001202.png Size: 32 KB
  • #620
  • Nov 24, 2011 6:00am Nov 24, 2011 6:00am
add eu 08 av 86
If you're not part of the solution then you're part of the problem.
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