Scalp, scalp, scalp

LISTENING TO MY INNER SELF

I have developed an almost perfect entry system,

using past data,and calculating human behavioral patterns the ingrained programmed math inherent within us all is fact,regardless to the opposite belief of free will.

every candle or moment of time holds information as to the outcome and response to the actions of the next moment in time

the high,low open and close contain that information,the average and the outcome ,the possible high and low.

using the market change and momentum from that change is paramount in bias to complete that motion.

the volatility can be hidden within the math,we cant see the volume ,momentum and the 2 possible outcomes become clear from the value

Hi diceman555

Great to see everything going well.

Do you ever use tick charts.

HI BUSTECK.

no i dont use tick,i use value change on overall market it tells me every thing ,momentum, s/r, volatility,and indirectly volume.it is like a sat nav

ok,my first trade of the week,

long on cable.trade taken from yesterdays daily average and a increase in value s across related pairs entry with momentum

late to the party on this short,so doubled my lot size and got my stop to b/e very quickly,ive left very little breathing on this

profit taken at the daily split low 36 level,price now trading between the 2 splits,all averages

having a second stab at this short,will watch price at the split low price

ive taken 10 clear pips from this,although will continue to monitor price if the split low is tested,i just dont feel as comfortable trading after london closed

this was my reason for taking the pips on offer,

the values stalled on related pairs at the same levels as the previous take profit daily split low,thats good indication to close.if 2 or 3 hit new highs on value then i would have held.also concidering cable didnot reach its lowest low at daily split low

risk protection is so important my risk being 10 pips on this trade,thats not much on a drifting market,

http://i2.wp.com/i.imgur.com/8oqY7.jpg?resize=536%2C3802 failed trades today,but thats fine im flying tomorrow morning to the lands of pleasure for a month or so,will continue to trade from there.

couldnt resist this long from price trading of the daily average 15145 level,stop at + 10,

waiting my taxi to airport,

great stuff, Dice - what do you mean by "split" btw - sorry if you already posted an explanation - I will look for it if that's the case - enjoy the trip

Hi Diceman 555,

Nice journal you have here. I have always been afraid of scalping, yet you make it look so easy. Will come back and read some more.

Thanks

hi johNal,
thanks,scalping is actually not so awkward as some might think,but having said that its an account wipe out if your looking at the wrong things.my journal could confuse because im working on many things and im using my scalping entry for positions,but back to the scalping.you must spend time watching the price breath in and out,i use the quote and the values change on related pairs.you can trade either way as long as your on the right breath in or out.5 to ten pips .

heres a chart and 4 scalps i just took to demonstrate,i didnt use a chart just the quotes and the values,i was able to tell when it breathed in and out all from related values.they all have a stall point ,cable went on 25 pips after the stall,short with 0 pip drawdown as it had to take breath,i had 1 loss which the spread caught me exposed could get my b/e

hope this helps

hi chazzle,

yes i will enjoy were 8 hours in front here so im going for a few cold ones,

in brief i use the averages to trade from and the split price for target or add ons.

ive posted many posts regarding how i calculate my averages and the splits are a calculation from those no,s which i havnt as of yet posted the calc,

basically they are like the s1 s2 ect,mine are a low level and high level,which if the market remains with the same sentiment that price split high for example would complete its natural cycle,now this is going on in all time frames what i look for is when for example the split highs converge across multiple t/f and the market in general is in harmony,there extremely high probability profit targets.those converged split highs our the futer averages,thuis is were orders begin to build

sorry its a little rushed answer ,i will try to explain more with time

cheers
dice

Hi William,

long time no see : ) Your journal shows you doing great, well done. Do you have moments that, you think you are already good at it, and it will be very hard to progress further, then next month come and you are another huge step forward? I got it all the time, quess.. it will be never ending learning story.

Last few months i've been trading based on pure money flow (trading the strongest vs the weakest) . I'm sure you know user named: Unknown4x. I've learned a lot from his posts. I've seen your posts also in his thread 'why do indicators not work/work'. The method itself its brilliant. It just takes a lot of time to fully understand it, and be able to make decisions based on a lot of data in real time. But on the end you can trade every forex pair with it.

I see your levels combined with the flow doing great job, maybe someday I will try to calcute them too. Looks like its huge edge.

cheers
P.

hi polleczko,good to hear from you and your progress,

yes its certainly an ever ending quest for using the limited information we as retail traders have and developing the maximum from that info,

as before im predominantly trading cable using average levels and the flows of money in and out,the doller and yen .yes i believe theirs a significant edge in watching the values combined with attraction points.i believe theres other ways to determine these flows but as you have said it must be the most real time data available.but i also emphasize the relevance of the atractors.as for indicators some have developed indis using data showing these flows .

im still playing with iver and candie,i think there is potential in candie and the donkey have you found any consistency with those .

i haven't visited unknown4x for a while but will take a visit there, ,

good trading my friend and drop by wenever you feel tpo

regards
william

thx for your kind words : )

you are using levels, and im watching moving averages to find some kind of agreement. idea in general i quess its similar. Yes, there are other ways to determine money flows, the most important factor in these for me is, you can trade the best possible setup, 'pips needs flow', so i'm just looking for trades when both sides are going opposite (weak vs strong). Last years I've been trading eur/usd only, but there are trading days, when euro and doller going one way, and its very hard to get pips from EU alone, so now i'm just switching to another pair. The biggest problem was to combine charts in efficent way to get fast information, because you have to watch a lot of charts in real time (50+ charts on 10screens in my case), but after all these months and huge work its working really well.

as for indicies donkey and others, no im not using it anymore, cause i need very easy/fast/basic tools cause i need to apply it/watch it on many charts at one time, so moving averages are the best for this purpose.

Good trading William, i will try to visit your journal more often : )
P.

reference levels monday,

the interesting thing with looking at price through averaging is the lower frames and there split highs or lows are within a few pips of the 1 hour and higher frames,the calculation seems to hold merit,i know the average price is good,but increasingly im finding the calculated extensions work as a whole,

heres the higher frame chart of to day,

sorry wrong image