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Scalping 20+ trades per day

  • #761
  • Mar 16, 2012 5:08pm Mar 16, 2012 5:08pm
Quoting majorusa

Yes. I mean, I add to the losing position to bring the average price of the position close to market price.
Uh oh.......well ok, we're not sunk yet


Quoting majorusa

I do not trade with SL. I have a monetary SL that is a % of the equity.
Hang on, I'm getting a feeling of déjà vu here...you don't have a terrier by any chance do you?

How long have you been trading this strategy?
  • #762
  • Edited 5:14pm Mar 16, 2012 5:12pm | Edited 5:14pm
Two years in Forex and 10 years in equities.

I do not understand the terrier question. Sorry. I do not own a dog.
If you're not part of the solution then you're part of the problem.
  • #763
  • Mar 16, 2012 5:14pm Mar 16, 2012 5:14pm
Quoting majorusa

Two years in Forex and 10 years in equities.
With the same strategy?


Quoting majorusa

I do not understand the terrier question. Sorry. I do not own a dog.
It's ok, it just reminded me of another thread....
  • #764
  • Mar 16, 2012 5:18pm Mar 16, 2012 5:18pm
yes. In the equities market where I traded short was not allowed. So guess what? If the price went south was good opportunity to buy. That is why MM was the key.

Though I had different indicators and lot sizes to stick to the MM rules. Different markets.

But looking at your profile this is old news to you.
If you're not part of the solution then you're part of the problem.
  • #765
  • Mar 16, 2012 5:26pm Mar 16, 2012 5:26pm
Quoting majorusa

yes. In the equities market where I traded short was not allowed. So guess what? If the price went south was good opportunity to buy. That is why MM was the key.

But looking at your profile this is old news to you.
Old news, old dog, but it's always interesting to see/learn new tricks!

You do realise a lot of people will be dismissive of this type of strategy, averaging and scalping tend to get frowned upon around these parts, not that that bothers you probably.

How many pairs are you trading?

Sorry it's probably in the thread somewhere but it's late and I can't be arsed to read it all lol
  • #766
  • Mar 16, 2012 5:38pm Mar 16, 2012 5:38pm
EURUSD, GBPUSD, AUDUSD.

I used to trade also USDCHF, EURJPY but after the quake in Japan and the steep appreciation of the swissy I bailed out.

Do not worry. I know that looks a strange strategy but it works for me. I am impatient cannot follow trends. I know this about me.
If you're not part of the solution then you're part of the problem.
  • #767
  • Mar 16, 2012 5:47pm Mar 16, 2012 5:47pm
Sorry, I forgot to add one thing. My strategy is not a get rich quick strategy. It is very conservative in terms of risks and it requires a lot - and I mean it, A LOT - of work.
If you're not part of the solution then you're part of the problem.
  • #768
  • Mar 16, 2012 5:56pm Mar 16, 2012 5:56pm
Quoting majorusa

Do not worry. I know that looks a strange strategy but it works for me. I am impatient cannot follow trends. I know this about me.
Hey I'm not knocking it, I used to trade in a similar way but it got too intense and I ran out of stamina, focus, and energy! I made a few stupid mistakes and that was my cue to take my foot off the gas and move up a couple of time frames.

A trading room is a nice idea as long as you don't mind being surrounded by fools asking fool questions, you'll need endless patience though!

Anyway good trading to you, enjoy your weekend
  • #769
  • Mar 16, 2012 6:06pm Mar 16, 2012 6:06pm
Thanks pipmutt and a fine week-end to you too.

Thanks for the advice about the room. This is why I am calling it a test room. I tested it with some friends, but they were too nice to me. I need some people that can tell me what they think.
If you're not part of the solution then you're part of the problem.
  • #770
  • Mar 16, 2012 6:11pm Mar 16, 2012 6:11pm
Quoting majorusa

I need some people that can tell me what they think.
Invite nubcake and you're sure to get candid opinions! He's a grizzly old f'ker but a pussycat at heart!

C'ya.....
  • #771
  • Mar 16, 2012 6:18pm Mar 16, 2012 6:18pm
Quoting pipmutt
Invite nubcake and you're sure to get candid opinions! He's a grizzly old f'ker but a pussycat at heart!

C'ya.....
I think I already did it, but an iteration does not hurt. So nubcake, if you want to come, you are welcome.

So do you pipmutt. Thank you again for your kind words.
If you're not part of the solution then you're part of the problem.
  • #772
  • Mar 16, 2012 6:36pm Mar 16, 2012 6:36pm
I am going to sleep now. Good night guys.
If you're not part of the solution then you're part of the problem.
  • #773
  • Mar 17, 2012 4:17am Mar 17, 2012 4:17am
Hi majorusa,

I'm new to forex and forexfactory. And I have been trading index futures and index options for couple of years.

Please keep up with your post here. It's inspiring to see and think how you trade.

But it's a bit conflicting with my trading rules since you have been add average down and maybe it's due to my small capital, i would rather choose to cut loss. Yet, turns out your way is profitable methods. So would love to learn n see how you control your emotion when u are losing and add to average down the cost
  • #774
  • Mar 19, 2012 7:54am Mar 19, 2012 7:54am
@ Speculators

Thank you for your post. I will continue to post the trades here until the room will be up and running. Then, probably I post the result at the end of the trading day.

Concerning your trading rules please stick to them. Read my first post. I am not giving signals, I have a large equity and I have a very strict money management policy.

Concerning the emotion, I have a high pain threshold. But it is OK like this for my personality.
If you're not part of the solution then you're part of the problem.
  • #775
  • Mar 19, 2012 7:56am Mar 19, 2012 7:56am
For the people who registered to the trading room:

- the room will officially start on Monday March 26, 2012.
- you will receive during this week the access information by e-mail

Thank you for your patience! I am trying to do a lot of things in the same time.
If you're not part of the solution then you're part of the problem.
  • #776
  • Mar 19, 2012 7:59am Mar 19, 2012 7:59am
Dear traders, I had to register the kid to school and it took a lot more time than initially thought. So, no trades for me today.
If you're not part of the solution then you're part of the problem.
  • #777
  • Mar 20, 2012 2:53am Mar 20, 2012 2:53am
Good morning!

sh eu 20
If you're not part of the solution then you're part of the problem.
  • #778
  • Mar 20, 2012 2:55am Mar 20, 2012 2:55am
sh gu 55
If you're not part of the solution then you're part of the problem.
  • #779
  • Mar 20, 2012 4:01am Mar 20, 2012 4:01am
and the gu missed my tp by 2 pips, the eu was pure greed an we are now in the average down mode.

first add gu will be in the 00 area but only after cpi in 30m. Eu in 61.
If you're not part of the solution then you're part of the problem.
  • #780
  • Mar 20, 2012 4:02am Mar 20, 2012 4:02am
sh au 32
If you're not part of the solution then you're part of the problem.
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