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Disliked{quote} FXEmpire, this is kind of the scenario I was talking about. It happened Friday, the last trading day, but I think it would be similar any time there's a strong move. Will you take a look at the chart and let me know if there's something i'm not doing correctly? thanks. {image}Ignored
Disliked{quote} sure... what your not doing is reading my 1st post clearly.. please read the entry and art of the work section where i talk about manual slick exit. your 1st and 4th entries are invalid and you did not take into account last winning entry couple of hours past nys. if I would have suggested to trade off some manual sort of robotic way then it would have look like what you have shown.Ignored
Disliked{quote} ok. thanks for the quick reply. i think i understand your logic a lot better. you're more or less waiting for OBOS retracements in an area where they're likely to occur and bailing at the earliest sign of possible trend continuation, is that right? It seems pretty sound. i had some confusion on what you meant by outside bands. the 1st and 4th trades you said were invalid both close outside the bands, but they pierced the band, so you're saying to be outside the band they don't even touch it? And i didn't pick up that last trade b/c i hadn't...Ignored
DislikedHi mates, my msg is primarily for newbies or losing traders: if you gonna scalp against trend with 50 pips SL using TMA&MACD and entering at the break of counter trend candle high / low you will blow your account in no time. My sincere advice to the thread author: please save you money and find other method to scalp. This one is the sure way to lose. Good luck to all.Ignored
Disliked{quote} hahaha! not at all! I am just looking a way to fine tune my entries on lower timeframes!Ignored
DislikedI find scalps work better in direction of trend/bias when there is one. So I take only one direction that I identified as bias. I am out if no bias detected. It is just waste of time. Do you have filter like that in your repertoar ?Ignored
DislikedFxEmpire Is the minus 40% trade explorer a reflection of the method you are trading here or is just an account with random trades?Ignored
DislikedDid you guys know you be way better off not worshiping the "Trend" so much.. even though its put so much stress and insists on it from all. just something to think about..Ignored
Disliked{quote} It is not trend as per popular belief, above xxx MA or similar. This has no value. It is knowing with considerably more than 50% probability where market will move next over several days. For example I am only shorting aud since last wednesday. Longing it would not produce any reasonable winner in that period. My hope is that in this way one can extract more pl if correct for given level of risk than engaging swing trade with larger stop. If I have no directional signal, do not trade, as skill to make money without extra info is beyond...Ignored