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Scalper

  • #201
  • May 24, 2013 1:52am May 24, 2013 1:52am
Thanks @ The Sparrow & evolution9.

Appreciate your views.

Happy Friday and lets all try and end on a positive for the week whilst being aware of a couple of important new releases today... Trade safely.
  • #202
  • May 24, 2013 1:57am May 24, 2013 1:57am
Quoting Freshpips
Hi guys, Was hoping you could clear something up for me.In the attatched screenshot you'll see the 2 shaded purple boxes, with 3 dotted lines through them. The first line was obvioiusly the signal bar with the first close of the counter narrow mac bar signaling a short. My question is, would this have been a trade you would have taken? I know that if it had been a pending order with the 3.3 pip buffer it would not have triggered. However if you had been watching it, then saw that the second narrow mac bar appeared also bearish, would this have made...
3.3 pips buffer stop order is your last confirmation for a real break, so treat it as such. so your stop order stays till you get a opposite bar/candle, then you look for new narrow bar for new entry point.
treat the stop order as your last confirmation and try your best to not break this rule, it provides discipline and saves false signals like sparrow mentioned.
Passion, Persist, Patience, Protect
  • #203
  • May 24, 2013 2:17am May 24, 2013 2:17am
Quoting FXEmpire
{quote} 3.3 pips buffer stop order is your last confirmation for a real break, so treat it as such. so your stop order stays till you get a opposite bar/candle, then you look for new narrow bar for new entry point.treat the stop order as your last confirmation and try your best to not break this rule, it provides discipline and saves false signals like sparrow mentioned.

Thats Great FXE, thanks for clearing that up.

To be honest, the more I study this, the better it appears to be.

Took a few profitable trades yesterday, the best of which was a very clean trade on EJ for +30. It Hit my TP whilst the actual move completed at more than double.

But like you have stated, one needs to be ready exit the bad trades early. This is the single biggest thing that requires discipline. Its very easy to fall for the old mindset of "I'll just let it run a bit longer, I'm sure it will turn..." If its bad and fills the criteria laid out in the exit strategy, then its bad, and get the hell out of there.

Once again, thanks for all your Input.
  • #204
  • May 24, 2013 3:38am May 24, 2013 3:38am
Quoting forepipo
Thank you FxEmpire for this thread. I have been a silent lurker but finally getting a hang of it. Made 3% this am in London session. Awesome stuff. Will be engaged more and will be posting my charts. Peace.
Thanks for kind words and glad to see your activity.
Passion, Persist, Patience, Protect
  • #205
  • May 24, 2013 3:44am May 24, 2013 3:44am
Quoting evolution9
{quote} Hi Freshpips I find that if the TMA bands are in an extreme angle as they are on your chart I always tread gently as momentem seams to be more in the direction of bands
evo.. all the valid signals of this style of trading is against the angle of TMA that your referring to, which this one does not consider extreme as much as the ej and gj was yesterday and they produced big.
anyhow the angle of the tma is meaning less as we do counter trades here and they are supposed to be angling against.
Passion, Persist, Patience, Protect
  • #206
  • May 24, 2013 3:47am May 24, 2013 3:47am
by the way atm i am load up with stop orders on all four pairs with gj already triggered... so if you like and its wise to pay close attention to the explorer..
Passion, Persist, Patience, Protect
  • #207
  • May 24, 2013 5:48am May 24, 2013 5:48am
Quoting FXEmpire
{quote} evo.. all the valid signals of this style of trading is against the angle of TMA that your referring to, which this one does not consider extreme as much as the ej and gj was yesterday and they produced big.anyhow the angle of the tma is meaning less as we do counter trades here and they are supposed to be angling against.

Hi FXEmpire'
After commenting previously i have back tested and have found you to be absolutely correct. Sorry if i have mislead anybody.
Thanks FXEmpire for a great method as i'm having a great deal of success with it. Evo.
  • #208
  • May 24, 2013 6:20am May 24, 2013 6:20am
Great stuff !

Never seen real scalper at work before.
  • #209
  • May 24, 2013 6:30am May 24, 2013 6:30am
some nice solid opportunities today with eu as one of the pairs, gj and ej have been awesome again today. I took action on both eu signals but one was taking too long to trigger i had to canceled the order due to running earns, so could not babysit it.. but on the other took full advantage banked 15 large.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm5.png Size: 43 KB
Passion, Persist, Patience, Protect
  • #210
  • May 24, 2013 6:39am May 24, 2013 6:39am
Quoting FXEmpire
some nice solid opportunities today with eu as one of the pairs, gj and ej have been awesome again today. I took action on both eu signals but one was taking too long to trigger i had to canceled the order due to running earns, so could not babysit it.. but on the other took full advantage banked 15 large. {image}
Theres been some very impressive setups today...

3 out of 3 for me so far...

The US session should bring some more...
  • #211
  • May 24, 2013 8:03am May 24, 2013 8:03am
Yesterday trade GJ closed -8 pips, didnt take any trades after that coz went out . Saw some good trades taken from FXE , Great work !
Todays trade , i made some pips from UC + 18 pips .
Now just enter buy EU 1.2929 .
  • #212
  • May 24, 2013 8:23am May 24, 2013 8:23am
Quoting kellypero
Yesterday trade GJ closed -8 pips, didnt take any trades after that coz went out . Saw some good trades taken from FXE , Great work !Todays trade , i made some pips from UC + 18 pips .Now just enter buy EU 1.2929 .
i took the eu as well.. taking a bit too much time decided to exit for -3..
Passion, Persist, Patience, Protect
  • #213
  • May 24, 2013 9:06am May 24, 2013 9:06am
Quoting FXEmpire
{quote} i took the eu as well.. taking a bit too much time decided to exit for -3..
Wow, why exit ?
I took + 18 pips , exit out at 1.2947 .
Attached Image
  • #214
  • May 27, 2013 5:44am May 27, 2013 5:44am
here is the first trade as the only opportunity of the day worked out fine for +14. It's national holiday today, can't expect much more.

by the way.. i do not pay attention nor get involved with useless conversations, as simple as that. anything out side of the scope of the thread is irrelevant in here.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm5.png Size: 45 KB
Passion, Persist, Patience, Protect
  • #215
  • May 27, 2013 6:09am May 27, 2013 6:09am
Quoting NicoScholtz
Hi FXEmpireThank you very much for taking the time to post your strategy and your trades.I find it very interesting and stimulating and am following your every post!Please ignore the negative posters - your trades will tell the true story. Keep up the good work and please keep on posting.Kind regards
YW, i like your signature.

Trade well.
Passion, Persist, Patience, Protect
  • #216
  • May 28, 2013 2:19am May 28, 2013 2:19am
Today is actually the first day of the week as yesterday due to holiday was just simply dead.. only one valid opportunity of us in here. let hope today will set off to a good week..

good luck and skill to all.
Passion, Persist, Patience, Protect
  • #217
  • May 28, 2013 2:56am May 28, 2013 2:56am
just closed a eu scalp good for +10..
the reason i exited the trade besides low PA strength which on top it lost steam.. but also part of your daily money management as a scalper which plays big role in one's success. early in the day you don't want to push it too much and try to get what you can to build some banks for later baits of the day. its always better to be up front instead of dig your way out of the whole to reach the daily target profit amount.

something that i thought to throw at you all in case you did not know always to keep it back of your mind as you go through the day.. as scalper daily management is as vital as your method.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm5.png Size: 44 KB
Passion, Persist, Patience, Protect
  • #218
  • May 28, 2013 3:05am May 28, 2013 3:05am
FXE, thanks for the tip about starting the day in the money - agree that it makes sense not to be digging yourself out from the second trade onward.

Your second trade of today makes sense but I fail to understand why you took the first trade. Would you mind giving me a clue??
Success is a marathon, not a sprint!
  • #219
  • May 28, 2013 3:20am May 28, 2013 3:20am
Quoting NicoScholtz
FXE, thanks for the tip about starting the day in the money - agree that it makes sense not to be digging yourself out from the second trade onward. Your second trade of today makes sense but I fail to understand why you took the first trade. Would you mind giving me a clue??
nico.. that one was just plain stupid, lol, its the best explanation i can give.
It was not a valid signal, i just took it to test the water during lack of signal time, which i highly recommend for everyone to avoid such actions.
Passion, Persist, Patience, Protect
  • #220
  • May 28, 2013 3:25am May 28, 2013 3:25am
Quoting FXEmpire
{quote}It was not a valid signal, i just took it to test the water during lack of signal time.
Thanks FXE, thought I had missed something!
Success is a marathon, not a sprint!
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