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Scalper

  • #81
  • May 16, 2013 10:36am May 16, 2013 10:36am
i can't find the template of this method, is there anyone can help me ? BTW, TIA.
  • #82
  • May 16, 2013 10:50am May 16, 2013 10:50am
Hi ,
Today trade for USD/JPY , made pips , then chicken out on GU for 5 pips.
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  • #83
  • May 16, 2013 11:05am May 16, 2013 11:05am
Here is the GU trade ,
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  • #84
  • May 16, 2013 11:16am May 16, 2013 11:16am
Quoting California
{file}{quote} Template attached
thanks California... BTW, why in my screen looks like this
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  • #85
  • May 16, 2013 11:51am May 16, 2013 11:51am
[quote=iinzall;6685430]{quote} thanks California... BTW, why in my screen looks like this
Hi ,
U need to add the Macd Hist 6,14,0 . If i am right.
Attached File(s)
File Type: ex4 MACD_ColorHist_Alert.ex4   14 KB | 388 downloads
  • #86
  • May 16, 2013 1:04pm May 16, 2013 1:04pm
Quoting kellypero
Here is the GU trade , {image}
Hi kelly,
is your trend strength measurment indicator a reliable one? however can you post for me to check it out plz.

Thanks.
Passion, Persist, Patience, Protect
  • #87
  • May 16, 2013 1:06pm May 16, 2013 1:06pm
Quoting California
{image}{file}{file}{file}{file}
Thank you for helping people with the template.
Passion, Persist, Patience, Protect
  • #88
  • May 16, 2013 2:11pm May 16, 2013 2:11pm
folks i finally got around to it and added the template to post one. You will need to also load all the indies in order for the template to look right.
Passion, Persist, Patience, Protect
  • #89
  • May 16, 2013 2:35pm May 16, 2013 2:35pm
Quoting finnsol
Hello FXEmpire I do find your trading idea interesting. But especially when trading countertrend demands a disciplined MM. Your 325:1 leverage and floating loss of 44% in a single trade is suicide. When this Trade Explorer acount (for demonstration purpose, I know) is vanished, try again with a max leverage of 10:1 I do hope your thread survives Best wishes finnsol

finnsol.. you are correct.

but you are not correct about vanished account.. .. i mean I'll try,lol.. I like the challenge.
Passion, Persist, Patience, Protect
  • #90
  • May 16, 2013 3:24pm May 16, 2013 3:24pm
just something to show you all..

two back to back chart activity from GU as a most active pair the last two days.. two charts, but very different display of action and results, and guess what, I love'em both..
why?.. just look at the charts.. and see how a good day can well out weight the bad day.. one, up and down which is good for counter trade days, and the other, trendish where its not so good for the counter trade days..
The point is even on super trendish as it was on gu still you can survive it with risk control instead of culturing your mind with various ways of filtering techniques. Do not think for a second, that you can filter today's losses and still capture yesterdays winners, or today retrace at the end of the run.
if market or your tf is not trending then whatever else is doing its good for countering.. if it is trending, still fine bcz it retraces and you can get your fair and share.. if it fakes you on tiny retraces just to get you in and fake you out, you can cut it short control it and live with part of the losses that any system has in it.

I hope it serves well for open minded.
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Passion, Persist, Patience, Protect
  • #91
  • May 16, 2013 10:26pm May 16, 2013 10:26pm
Quoting FXEmpire
{quote} Hi kelly, is your trend strength measurment indicator a reliable one? however can you post for me to check it out plz. Thanks.
Hi FXE,

I just use it for 2 months , but based on what i know is that when trending , any currency above 70% and stay there for sometime , its best dont counter it .
Attached File(s)
File Type: ex4 ! $ MT4 CURRENCY POWER.ex4   10 KB | 618 downloads
  • #92
  • May 17, 2013 2:00am May 17, 2013 2:00am
Quoting kellypero
{quote} Hi FXE, I just use it for 2 months , but based on what i know is that when trending , any currency above 70% and stay there for sometime , its best dont counter it . {file}
Thanks kelly. I take look at it.
Passion, Persist, Patience, Protect
  • #93
  • May 17, 2013 2:47am May 17, 2013 2:47am
couple of trades early on as the only two opportunities so far.. started out nicely to about 8 pips profit each then a sharp turn around.. risked controlled with first bar/candle against for minimal loss.

moving on..
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Passion, Persist, Patience, Protect
  • #94
  • May 17, 2013 6:06am May 17, 2013 6:06am
This is how it works
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  • #95
  • May 17, 2013 6:45am May 17, 2013 6:45am
banked 16 on this one.. and there was a solid buy opportunity as well which i missed, good for easy 15.. same buy signal on ej as well.
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Passion, Persist, Patience, Protect
  • #96
  • May 17, 2013 6:50am May 17, 2013 6:50am
Quoting finnsol
This is how it works {image}
nice job.. however a bit reckless on the entry and not according to the rule, nevertheless great trade.
Passion, Persist, Patience, Protect
  • #97
  • May 17, 2013 6:51am May 17, 2013 6:51am
how long, or how many trades, did it take you to exit worst drawdown in your scalping career ?
  • #98
  • May 17, 2013 8:03am May 17, 2013 8:03am
Quoting seaman2
how long, or how many trades, did it take you to exit worst drawdown in your scalping career ?
a lot of things depends to answer this question. I been on some DD's for various reason none technical or skill wise and still dug-ed out of it. The number one reason for a scalper to fall into DD is to not be trading full time to be there for opportunities, which leads to disruption. But for something structural that your perhaps asking is.. lets say trading full time and due to market lack of volatility/strength or simply I stick it up for whatever reason to hit 20-30% W in a week.. then normally with a solid 50-60% hit the following week will recover and more due to slight better avg win then avg loss. so time wise is no more than a week. Number of trade wise, i should be averaging about 50 trades a week at least, so hitting 30 winners will get me back and plus.

..Not to sound arrogant or anything.. but when i trade full force and hitting my minimum weekly trade number.. I do not lose, much as less to fall in DD.

I hope my answer satisfies you.
Passion, Persist, Patience, Protect
  • #99
  • May 17, 2013 8:23am May 17, 2013 8:23am
Quoting FXEmpire
{quote} a lot of things depends to answer this question. I been on some DD's for various reason none technical or skill wise and still dug-ed out of it. The number one reason for a scalper to fall into DD is to not be trading full time to be there for opportunities, which leads to disruption. But for something structural that your perhaps asking is.. lets say trading full time and due to market lack of volatility/strength or simply I stick it up for whatever reason to hit 20-30% W in a week.. then normally with a solid 50-60% hit the following...
thanks for the answer. I just started and like to get some feel what is ahead of me. Hoping to produce 3 trades a day on average.

Do you think 100 trades is enough to gauge whether particular scalping method has an edge ?
  • #100
  • May 17, 2013 8:41am May 17, 2013 8:41am
Quoting FXEmpire
folks i finally got around to it and added the template to post one. You will need to also load all the indies in order for the template to look right.
thanks FXEmpire.
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