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Scalping & Swinging

  • #141
  • Jan 9, 2014 10:50am Jan 9, 2014 10:50am
Quoting paul-fx
{quote} I am also have some accounts with Oanda, and lack of leverage is one of things which makes other places better to trade and enjoy
Oanda is excellent for bigger deposits, several various accounts & conservative managed, ...maybe with a targt ~+10 - +100% a year, not more!
FXcube
  • #142
  • Jan 9, 2014 11:02am Jan 9, 2014 11:02am
Quoting blackgeorge
Forexcube, Thank you for the inspiration, mate I really like scalping and it fits my personality and trading style. Before reading your posts, I was trying to learn some "real" trading, but in the last coupe of days I switched completely to scalping and results are great. Could you tell us more about leverage? I see you're using 1:400. Right now, I am using 1:100, buying 0.2 contracts, but I'm thinking of switching to 1:400, reducing the size of the trade. According to your experience, what is the most favorable leverage for (extreme)...
Hi backgeorge!
1:100 with 0.2 seems okay! Do it which fits best for you.
As far as I'm concerned I would split the 1 x 0.2 into 10 x 0.02.
If I do so I can diversify the entries and exits at different levels.
At the moment I try also with one 300.-$ account with a leverage 1:400 (not published) how it works with several 0.1 lots, but you know it's more risky.
A couple of days ago I have manged it with 10x or 20x 0.01, after that with 5x - 10x à 0.02 scalping trades, and following this, ...with 4x - 8x à 0.05 Lot orders.
Kindest regards!
FXcube
  • #143
  • Jan 9, 2014 11:03am Jan 9, 2014 11:03am
Quoting EternalNewB
This took me a bit of time but I have done it I have read every thread you (forexcube) started on FF and I am avid for more. I want to start by saying a big thank you for the help and what you are teaching here. I not very confident yet mainly closing after 1 to 3 pips green but I hope I will progressively get better. I have a lot of questions but I want to know first if it is ok to post questions here, I don't want to be polluting your thread thank you
Hi EternalNewB!
You're wellcome!
FXcube
  • #144
  • Jan 9, 2014 11:35am Jan 9, 2014 11:35am
Quoting Forexcube
{quote} Hi EternalNewB! You're wellcome! FXcube

Thank you again,

I took 2 trades from what I have learned and would like your opinion/input on them if you please

1. USD CAD CCI divergence on weekly and H4, also on D1 CCI formed a nice peak so I have shorted with target 1.08

2. GBP USD CCI divergence on weekly so also too a short with target 1.6

Finally i have a side question, looking at USDJPY monthly I can see a nice peak on 2013.01 (price was 91 back then) and since we have a bearish divergence of CCI (If I am not mistaken) but price moved up to 105 since, I am sure you have a way to avoid such pitfalls and I would like to learn more about it

thanks again
  • #145
  • Jan 9, 2014 12:47pm Jan 9, 2014 12:47pm
Quoting EternalNewB
{quote} Thank you again, I took 2 trades from what I have learned and would like your opinion/input on them if you please 1. USD CAD CCI divergence on weekly and H4, also on D1 CCI formed a nice peak so I have shorted with target 1.08 2. GBP USD CCI divergence on weekly so also too a short with target 1.6 Finally i have a side question, looking at USDJPY monthly I can see a nice peak on 2013.01 (price was 91 back then) and since we have a bearish divergence of CCI (If I am not mistaken) but price moved up to 105 since, I am sure you have a way to...

Hi EternalNewB!
Could you upload the charts, please?
FXcube
  • #146
  • Jan 9, 2014 2:08pm Jan 9, 2014 2:08pm
Quoting Forexcube
{quote} Hi EternalNewB! Could you upload the charts, please? FXcube
Yes sure sorry about that

USD CAD H4 Divergence
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USD CAD weekly divergence
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GBP USD Weekly Divergence
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USD JPY Monthly Divergence

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  • #147
  • Edited 3:18pm Jan 9, 2014 2:46pm | Edited 3:18pm
Quoting EternalNewB
{quote} Thank you again, I took 2 trades from what I have learned and would like your opinion/input on them if you please 1. USD CAD CCI divergence on weekly and H4, also on D1 CCI formed a nice peak so I have shorted with target 1.08 2. GBP USD CCI divergence on weekly so also too a short with target 1.6 Finally i have a side question, looking at USDJPY monthly I can see a nice peak on 2013.01 (price was 91 back then) and since we have a bearish divergence of CCI (If I am not mistaken) but price moved up to 105 since, I am sure you...
#144, #145, #146

Hi EternalNewB!
Thank you for all the charts (#146)
Oh yes, USDCAD has a powerful Weekly, H4 & additively at H1 a divergence also.
So I would take some shorts - ca'canny with the analysis of USDCAD, Monthly. If the resistance line should be broken down by the market price further abrupt upside movements seems possible. In this case it could be better set a Stop Loss whilst taking into account of a false breakout.
Kindest regards
FXcube

USDCAD, Monthly, 2014 January 09
Attached Image (click to enlarge)
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  • #148
  • Edited 3:18pm Jan 9, 2014 2:51pm | Edited 3:18pm
Quoting EternalNewB
{quote} Thank you again, I took 2 trades from what I have learned and would like your opinion/input on them if you please 1. USD CAD CCI divergence on weekly and H4, also on D1 CCI formed a nice peak so I have shorted with target 1.08 2. GBP USD CCI divergence on weekly so also too a short with target 1.6 Finally i have a side question, looking at USDJPY monthly I can see a nice peak on 2013.01 (price was 91 back then) and since we have a bearish divergence of CCI (If I am not mistaken) but price moved up to 105 since, I am sure you...
#144, #145, #146

GBPUSD has the same arguments like USDCAD, before (#147) but here we see also a slightly monthly divergence additively.
Conservative traders could wait till end of month if the monthly candle of january could shape out e.g. a shooting star or so or looking at january 31 at the last 4 weekly candles if there are a typical pattern for going short then. 1.6481 yet seems a favored time for executing some shorts when trading in a more comfortable aggressive way.
FXcube

GBPUSD, Monthly, 2014 January 09
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD, Monthly, 2014 January 09.jpg Size: 145 KB
  • #149
  • Jan 9, 2014 2:56pm Jan 9, 2014 2:56pm
Quoting Forexcube
{quote} Hi backgeorge! 1:100 with 0.2 seems okay! Do it which fits best for you. As far as I'm concerned I would split the 1 x 0.2 into 10 x 0.02. If I do so I can diversify the entries and exits at different levels. At the moment I try also with one 300.-$ account with a leverage 1:400 (not published) how it works with several 0.1 lots, but you know it's more risky. A couple of days ago I have manged it with 10x or 20x 0.01, after that with 5x - 10x à 0.02 scalping trades, and following this, ...with 4x - 8x à 0.05 Lot orders. Kindest regards!...
Thanks for the advice, Forexcube

I'll stay on 1:100 for now, maybe I'll open one "special" (more risky) account with 1:400 in a couple of months.
Shift happens...
  • #150
  • Edited 3:18pm Jan 9, 2014 3:04pm | Edited 3:18pm
Quoting EternalNewB
{quote} Thank you again, I took 2 trades from what I have learned and would like your opinion/input on them if you please 1. USD CAD CCI divergence on weekly and H4, also on D1 CCI formed a nice peak so I have shorted with target 1.08 2. GBP USD CCI divergence on weekly so also too a short with target 1.6 Finally i have a side question, looking at USDJPY monthly I can see a nice peak on 2013.01 (price was 91 back then) and since we have a bearish divergence of CCI (If I am not mistaken) but price moved up to 105 since, I am sure you have a way to...
#144, #145, #146

USDJPY could have room till ~108.80 (see 2008.06.01 - 2008.09.01 Monthly). I would avoid to trade UJ in this period longer term.
Some H1 ranges and H4 would be here more up in my favor.
Daily has shaping out a triangle what makes any prediction more difficult.
FXcube

USDJPY, Daily, 2014 January 09
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY, Daily, 2014 January 09.jpg Size: 80 KB
  • #151
  • Jan 9, 2014 3:16pm Jan 9, 2014 3:16pm
Quoting blackgeorge
{quote} Thanks for the advice, Forexcube I'll stay on 1:100 for now, maybe I'll open one "special" (more risky) account with 1:400 in a couple of months.
Hi blackgeorge!
I like to trade different accounts at different brokers with different leverages, e.g. 1:50, 1:200, 1:400
It should be handled flexibly.
Kindest regards!
FXcube
  • #152
  • Jan 9, 2014 5:04pm Jan 9, 2014 5:04pm
Hello FxCube,

Sometimes I look at your posting time, and it seems you never or you have very little sleep? Do you sleep 7 - 8 hours at night? I saw you are doing some meditation - relaxation exercises?

Just interesting after trading lifestyle

I am also have GBPUSD short possition, but CCI divergences on H4 and Weekly seems not a strong argument for some sell possitions. Had some EURCHF short's, but closed on BE, it seems eu and us recovering, and money will go out of swissie to other currencies.
  • #153
  • Jan 9, 2014 8:54pm Jan 9, 2014 8:54pm
Quoting paul-fx
Hello FxCube, Sometimes I look at your posting time, and it seems you never or you have very little sleep? Do you sleep 7 - 8 hours at night? I saw you are doing some meditation - relaxation exercises? Just interesting after trading lifestyle I am also have GBPUSD short possition, but CCI divergences on H4 and Weekly seems not a strong argument for some sell possitions. Had some EURCHF short's, but closed on BE, it seems eu and us recovering, and money will go out of swissie to other currencies.
Hi paul-fx!
I sleep only 4 or 6 hours sometimes, maybe three or five times per month - Meditation and fitness gives me the power to do so several times a month. Trading is something like a vocation or a call for me. This makes it more possible. But I have my "hypno"- 8 hours shut-eye most of the time without any sham beeing asleep...& then I have the long week-end every week for relaxing.


EURCHF - dormice?
It seems to be more in a "sleep modus" currently. I think also that money will go out of swissie, ..."in nomine Patris et Filii et Spiritus Sancti".
Kindest regards
FXcube!
  • #154
  • Edited 3:27pm Jan 10, 2014 3:11pm | Edited 3:27pm
actual
http://www.forexfactory.com/forexcube

The first three Real-Accounts are Mini-Accounts (Leverage 1:50), due to security reasons.
The fourth one ("20K-Account") is Demo.
Attached Image
  • #155
  • Edited 3:52pm Jan 10, 2014 3:28pm | Edited 3:52pm
Pressure Compensation?

Structural Principle

Minimum 3 Accounts!

One Mini Account will keep in standby position most of the time.
If orders from one account (e.g. "A") will go into the loss zone say over 2% or so the order management of the other two accounts ("Y", "Z") should counterbalance these loss trades. "Y" could be used f.i. for Hedging. This is a part of LOM (Loss Order Management) when trading without any Stop Loss most of the time.

No Stop Loss!

My money management is extremely simple:
I want to make with one 200.-$ Account ("A) every month 30-50% a month but I need three of these 200.-$ Account ("Y", "Z"-LOM-Accounts) if two of them ("Y", "Z") are exclusively established for counterbalancing loss orders. Surplusses will be transfered into additional LOM-Accounts ("X", "W", "V", ...).

When I trade with 20'000.-$ I need 3 x 20'000.-$ Accounts to trade with more deposits.

If you will make a living, say 50'000.-$-200'000.-$ profit a year, you need (with this "3-Account-Non-Stop-Loss-LOM-System" 3 x 50'000.-$ Accounts.

"X", "W", "Y", ...Accounts? The more the merrier!

Any of the parts makes always a win.
FXcube
  • #156
  • Jan 10, 2014 3:48pm Jan 10, 2014 3:48pm
Quoting Forexcube
Structural Principle Minimum 3 Accounts! One Mini Account will keep in standby position most of the time. If orders from one account (e.g. "A") will go into the loss zone say over 2% or so the order management of the other two accounts ("Y", "Z") should counterbalance these loss trades. "Y" could be used f.i. for Hedging. This is a part of LOM (Loss Order Management) when trading without any Stop Loss most of the time. No Stop Loss! My money management is extremely simple: I want to make with one 200.-$ Account ("A) every month 30-50% a...

Actual we have in Total +37% (see #154, +20.2% + 4% + 12.8%)
With 20'000.-$ Accounts I like to put the money out of an extra profit account or malke a bank transfer, when profit has hit the targets between +50% - +200%.
FXcube
  • #157
  • Jan 10, 2014 3:51pm Jan 10, 2014 3:51pm
Don't make stress!
Money will come to you!
  • #158
  • Jan 10, 2014 3:56pm Jan 10, 2014 3:56pm
Quoting Forexcube
{quote} Actual we have in Total +37% (see #154, +20.2% + 4% + 12.8%) With 20'000.-$ Accounts I like to put the money out of an extra profit account or malke a bank transfer, when profit has hit the targets between +50% - +200%. FXcube
It these trades were executed there on three 20'000.-$ Accounts the profit would be 6'400.-$ - not bad, ...eh!
Attached Image
  • #159
  • Jan 10, 2014 6:05pm Jan 10, 2014 6:05pm
Quoting Forexcube
Don't make stress! Money will come to you!

Yes, that's true. But sometimes it's difficult to keep calm.

Have a nice weekend!
  • #160
  • Jan 12, 2014 8:55am Jan 12, 2014 8:55am
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