Just sold GU on bounce from 60 SMA.
Super Simple System for Scalping 177 replies
Super Simple System 314 replies
DislikedHello X-Man, want to again thank you for all the time and help you are putting in on your thread. Quick question re the 4 HR. How far after a trade signal on the 4 HR would you still consider it still a valid trade. Given the 4 HR TF, sometimes we are not at the monitor as often, like when trading the 1 HR. I know alot depends on what PA is doing, potential news, etc. I guess i am trying to fine tune when to chase the bus and when to let it go and wait for the next. Thanks again!Ignored
DislikedWell i would consider the opening of the second candle a good entry , anything after that i would consider late entry. The reason for this is that if i enter late then my SL will be bigger. So i wont enter a trade if i miss the opening of the second candle.
I recommend that you should view your charts every 4 hours to look for set ups. Thats what i do and theres some trades that i just miss so i will look for another trade.Ignored
For the MT4 platform, you can do this when you set your TP. If you want to do partial exit, then you set two different TP price with the appropriate lot size.
Goto the ibfx usa or autralia website, there are many tutorials on how to do many things.
I recommend you go through all the online tutorials.
Have fun, enjoy the learning.Ignored
DislikedI entered trade #1 as a 20 pip scalp trade during the Asian session on a break of yesterdays high (only because there was no volume the day before due to the US holiday). When it move strongly up, I moved my stop to 100 and moved my SL to breakeven. I then trailed behind each previous candle by 5 pips. Ended up hitting the 100 pip target.
Trade 2 was taken following the break of the previous candle....new candle tested high and then turned red with a cross of the TDI.
A good day overall.Ignored
DislikedThank u, Sir. I didn't actually know it's possible with MT4. I will try it next time coz there's no more open trade for me now
Not bad for a newbie trader
January - 8 winning trades (400 pips); 3 breakevens; 0 losses (so far )
Great system. Kudos to everyone. Keep the questions coming coz we learn from themIgnored
DislikedGood Morning Guys
I just want to spend some time to discuss yesterdays trade.
As you can see on my chart theres 2 candles in a green circle, thats one of my signals to go short.
What makes me say its a signal?
The first candle in the circle shows me a strong bullish that shows me the candle tried to reach a certain price but could not close there so it retraced leaving a long wick.
DislikedIf theres an uptrend then i would go short when i see these candles.
I am only looking at the first candle in these pictures and will enter on the open of the next candle.
In the first picture theres a blue candle and the second picture theres a red candle
Dislikedwhat is the best time to search signals ... some time signals is something between 3 & 8 EST ....Ignored
Dislikedmethod will tell us to short.
i did it like you and went from positive to negative.
place SL to protect yourself.Ignored