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FX Laser Scalper System

  • #521
  • Dec 18, 2013 8:02am Dec 18, 2013 8:02am
Quoting forexmoments
{quote} How did you get 25 pips?
one position @+10, the other @+15
I'm trading the 10/10 + 25/15 setup
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  • #522
  • Dec 18, 2013 8:03am Dec 18, 2013 8:03am
Quoting mpew
i put my SL at 102.934. is it you same with you ? thank you
That was a bit too close to entry.

It was better if your stop was around the red circle.
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  • #523
  • Dec 18, 2013 8:05am Dec 18, 2013 8:05am
Quoting distantpulse
{quote} Good stuff man! I banked about 10 pips of profit off the last signal. So far what I am seeing from this system is very promising! Keep up the great work! Do you think in the future you will move on to other pairs?
Thanks, and well done on the pips.

As for other pairs, maaaaaybe in a few months time I'll try and look into it again. But let me tell you, out of all the low-spread pairs, the USDJPY is the easiest to scalp.
  • #524
  • Dec 18, 2013 8:06am Dec 18, 2013 8:06am
Quoting forexmoments
{quote} Lol, you guys are crazy.
Trust me I wouldn't usually do this, especially before news!...that's why it was sneaky
  • #525
  • Dec 18, 2013 8:09am Dec 18, 2013 8:09am
Quoting forexmoments
{quote} Thanks, and well done on the pips. As for other pairs, maaaaaybe in a few months time I'll try and look into it again. But let me tell you, out of all the low-spread pairs, the USDJPY is the easiest to scalp.
Sweet!
  • #526
  • Dec 18, 2013 8:11am Dec 18, 2013 8:11am
Quoting iwjw
{quote} one position @+10, the other @+15 I'm trading the 10/10 + 25/15 setup {image}
Ahh I see, cool stuff.

The 25/15 setup is a touch risky though.
  • #527
  • Dec 18, 2013 8:14am Dec 18, 2013 8:14am
Quoting crameka
{quote} Trust me I wouldn't usually do this, especially before news!...that's why it was sneaky
All is well that ends well eh.
  • #528
  • Dec 18, 2013 8:17am Dec 18, 2013 8:17am
Quoting forexmoments
{quote} That was a bit too close to entry. It was better if your stop was around the red circle. {image}
ok thanks, i will put my SL at last swing before candle (red circle you mentioned), thnak you very much for your help, and hope this will always good indi even in next year
  • #529
  • Dec 18, 2013 8:18am Dec 18, 2013 8:18am
i move my stop to breakeven + spread after i hit 10pips and target 15 to 20 pips for profit or hit my stop, some you lose, but many winners
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  • #530
  • Dec 18, 2013 8:21am Dec 18, 2013 8:21am
Quoting romram
i move my stop to breakeven + spread after i hit 10pips and target 15 to 20 pips for profit or hit my stop, some you lose, but many winners {image}
ok i am out 1pip profit iam still happy
  • #531
  • Dec 18, 2013 8:55am Dec 18, 2013 8:55am
Quoting romram
i move my stop to breakeven + spread after i hit 10pips
Cool. Another thing some people do is is to close half your position when you move your stop to breakeven.
  • #532
  • Dec 18, 2013 10:10am Dec 18, 2013 10:10am
a another good entry short
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  • #533
  • Dec 18, 2013 10:26am Dec 18, 2013 10:26am
Quoting romram
a another good entry short {image}
Yep, excellent entry. With the latest version of the Forex Laser Scalper, I've designed it to take only high probability tops and bottoms.

So don't worry people if an arrow appears against the trend, it will more likely that not - turn out to be a winner.

If the trend is very strong, you can reduce your target if you wish, but the setup is valid.
  • #534
  • Dec 18, 2013 10:42am Dec 18, 2013 10:42am
Quoting forexmoments
{quote} Yep, excellent entry. With the latest version of the Forex Laser Scalper, I've designed it to take only high probability tops and bottoms. So don't worry people if an arrow appears against the trend, it will more likely that not - turn out to be a winner. If the trend is very strong, you can reduce your target if you wish, but the setup is valid.

so you must target 5 to 10 pips i would say if i risk $200 PER Trade for 20pip stop and i profit 5pips only, thats $50

4winners 1losser you breakeven, not to bad
  • #535
  • Dec 18, 2013 10:48am Dec 18, 2013 10:48am
Using 20 pips as your default SL is perhaps a bit too much.

But yeah, I'd say shoot for no more than 10pip take profit on an anti-trend trade. That's not a blanket rule however, as really - each trade should be judged separately, on it's own merit.
  • #536
  • Dec 18, 2013 10:50am Dec 18, 2013 10:50am
By the way, I do NOT recommend a Risk : Reward of 4 : 1.

That's way too heavy on the risk side.

Actually, if my SL is double my TP even, I'm not comfortable.
  • #537
  • Dec 18, 2013 11:01am Dec 18, 2013 11:01am
Quoting forexmoments
By the way, I do NOT recommend a Risk : Reward of 4 : 1. That's way too heavy on the risk side. Actually, if my SL is double my TP even, I'm not comfortable.

i am a 4h timeframe trader, but start looking into scalping, with your indicator i think i can work with

WELL DONE
  • #538
  • Dec 18, 2013 11:08am Dec 18, 2013 11:08am
Quoting romram
{quote} i am a 4h timeframe trader, but start looking into scalping, with your indicator i think i can work with WELL DONE

You're a 4H trader eh? I used to trade the Daily, hehe. (With my AshFX Daily System).
  • #539
  • Dec 18, 2013 11:11am Dec 18, 2013 11:11am
DAILYS TAKES TO LONG, 4H IS RELATIVE QUIKER, AND now i am on 1min scalping, end off next year i am full time trader, thats my plan
  • #540
  • Dec 18, 2013 11:25am Dec 18, 2013 11:25am
Quoting romram
end off next year i am full time trader, thats my plan
Good on ya dude.
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