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EUR/USD Scalp 1 min

  • #841
  • Jan 19, 2012 2:11am Jan 19, 2012 2:11am
Quoting hoss
That's annoying. It's hard enough to make money, and then you have the bucket shops to deal with if you win too much.
Hi Hoss
been trading profitable on the 1 min...specially with your input...better than 100 books..(I already read)..BUT with very little lots (risking like 1 EURO)..itīs like demo BUT with real little money.

Iīm worried about someoneīs comment on OANDA cheating on scalpers, have you had any problems, issues, with them, once you start making it with real bucks..

Thanks a lot !
  • #842
  • Jan 30, 2012 2:17pm Jan 30, 2012 2:17pm
This is still my main weapon here for almost 6 months now and has been the best way to go in my over 2 years of demo, mainly live trading time.

Any else use this exact approach???
All posts are my personal opinion
  • #843
  • Feb 2, 2012 12:53am Feb 2, 2012 12:53am
do you only trade eur/usd or do you use this method for other pairs too ?
  • #844
  • Feb 2, 2012 6:23am Feb 2, 2012 6:23am
Quoting cvds16
do you only trade eur/usd or do you use this method for other pairs too ?

I mainly use EURUSD but also GBPUSD and USDCHF. I tend to find that it is better to stick with EURUSD as price follows it pretty well on the other pairs. I have found that USDCHF will do what EURUSD is doing but in the opposite direction; eg. EURUSD makes divergence in overbought whereas USDCHF will be making divergence in oversold. AUDUSD is good sometimes too.

I think it is best you stick with one though because if you want to reserve your funds for averaging it may be better. Cheers
All posts are my personal opinion
  • #845
  • Feb 2, 2012 6:26am Feb 2, 2012 6:26am
thanks for your reply, you confirm my thoughts, been doing this mainly on eur/usd, the rest turned out a waste of time for me, I don't average though
  • #846
  • Feb 2, 2012 6:28am Feb 2, 2012 6:28am
There ya go, excellent!! How long have you been trading this style?
All posts are my personal opinion
  • #847
  • Feb 2, 2012 6:31am Feb 2, 2012 6:31am
been doing this since a month and a half, partly on demo, mostly life, during london session.
  • #848
  • Feb 2, 2012 6:34am Feb 2, 2012 6:34am
Good stuff! Well all the best and im glad to see someone using such a great method still as I !!
All posts are my personal opinion
  • #849
  • Feb 3, 2012 3:32am Feb 3, 2012 3:32am
Question

What is your win-loss ratio? What is your risk reward ratio?

How many trades do you take a day?

What is the account size you need to earn 100 dollars a day?
'For the market to work, it needs people who think that they can beat it.'
  • #850
  • Feb 3, 2012 8:29am Feb 3, 2012 8:29am
Well here some info for you

December I did a total of 208 trades, won 184 and lost 24. My average loser is $3.33 and my average winner is $3.01.
I dont use a hard stop.
You have manage your own trades. There is no set way. You could say that you have a hard stop of 30 pips of trade no stop at all and use averaging in.

On average I would say I do 1 trade a day.

For me, you would need an account with 10K @ 50:1 leverage to get 100$ a day.
Hope this helps!
All posts are my personal opinion
  • #851
  • Feb 14, 2012 8:31am Feb 14, 2012 8:31am
Quoting hoss
Is anybody else trading this way? Looking for some discussion. I trade mainly with RSI and divergence and look for retraces for about 5 pips after exhaustion. I turned 100K into 300K on demo in about a month in a half and now I am trying it out on a real account with same results with $4K. Have a look at my attachments. I am making $150 to $200 per day at the $4K level and will start compounding every $1K similar to demo. Any thoughts to make it better if any are appreciated although I think it's an eye for price action that makes this work so far,...
Can you please guide me on how to trade with RSI and divergence ? I am very interested to know about it.
Thanks
  • #852
  • Feb 14, 2012 10:20pm Feb 14, 2012 10:20pm
Read the thread dude, will explain everything you need to know.
All posts are my personal opinion
  • #853
  • Feb 15, 2012 10:20pm Feb 15, 2012 10:20pm
Quoting Rtm
I mainly use EURUSD but also GBPUSD and USDCHF.
No questions my favorites pairs to scalp as well!
  • #854
  • Feb 16, 2012 7:54am Feb 16, 2012 7:54am
Whats funny is that I just made a quick 5pips in a matter of 30 seconds on AUD/USD this morning.

All jokes aside, here is the chart. I am now using Oanda fxtrade to place my orders and MT4 for analysis.

What is also interesting is that I dont use a hard stop per say but I usually will know where to get it when it pushes to far away, as in yesterday I took a loss on USDCHF because I was patient enough.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.PNG Size: 48 KB
All posts are my personal opinion
  • #855
  • Feb 19, 2012 11:24pm Feb 19, 2012 11:24pm
Hi hoss and other friends ...could you tell me between which GMT time I should trade specifically......and how can I identify the breakout will going to happen...???
  • #856
  • Feb 23, 2012 1:00pm Feb 23, 2012 1:00pm
how much ideal SL and TP for 1M trade?
  • #857
  • Feb 27, 2012 7:40pm Feb 27, 2012 7:40pm
Good-bye to this thread, I am leaving you, forever. Moving on to bigger and better things!!
All posts are my personal opinion
  • #858
  • Mar 1, 2012 10:58pm Mar 1, 2012 10:58pm
Hi Rtm could u please tell me your new thread ....??
  • #859
  • Mar 7, 2012 10:24pm Mar 7, 2012 10:24pm
Quoting Shawonaiub
Hi Rtm could u please tell me your new thread ....??
Interactive Euro Scalping with Roofx
All posts are my personal opinion
  • #860
  • May 23, 2012 11:12pm May 23, 2012 11:12pm
Sorry to revive/bump this old thread, but this and the Roofx thread mentioned are utterly invaluable for information on scalping the EURUSD.

I would like to know if any of the people who've further developed their indicators based upon the information given herein could please provide their list of indicators and the settings for each. Thanks (:
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