Best trader I've seen on FF, bar none.
You are Master of Scalpers!
- #532
- Apr 25, 2014 8:28am Apr 25, 2014 8:28am
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
just M4 but it is a little cumbersome for scalping. It sets me free to go out and about and trade though
{quote} Hi JTee1, great tradingI'm an android user too, what software is that? Thanks!
- #533
- Edited 12:10pm Apr 25, 2014 11:48am | Edited 12:10pm
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
- #536
- Edited 3:58pm Apr 25, 2014 3:32pm | Edited 3:58pm
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
- #538
- Edited 10:03pm Apr 26, 2014 8:17am | Edited 10:03pm
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
- #539
- Edited 10:04pm Apr 26, 2014 8:50am | Edited 10:04pm
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
- #540
- Edited 10:11pm Apr 26, 2014 9:45am | Edited 10:11pm
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
I write this because of pm's I get asking me what are the rules of my trading. These are the simplest rules I Know 5 pip renko bars filters the noise. You trade 1,2,3 patterns plus 5 pip breakout for reversals and retrace and back to trend. These are time tested rules of trading. Cut your losses on a reversal bar and set up for next trade. Have an emergency sl in place approximately 15 - 17 pips and follows with 5pip jumps and preferably hidden from broker. The market can and will move fast at times you must have orders placed Buy stop and sell stops. Poised and waiting for the move. All trades should be based on something the market has proved with no assumptions, this is important. Either news, price action or prior support or resistance. SHHHHH the market is talking to you, just listen.
Roughly 18,600 for Jan Feb March April on the above charts, and its impossible to trade every minute of the day. Human error will be a factor but emotions should not be with above system. When I trade renkos I have a script with sl built in and I drag it along moving it every 5 pips with the direction of the retrace waiting for a move back to trend. I also have a trade set at a 123 pattern plus 5 pips the opposite way of trend waiting for a reversal. These are the only two triggers you should have to worry about. I trade off my phone a lot but look at renko charts before leaving the house and will set the reversal trade. On my phone I rely a lot on Prior Support and resistance levels
I have taken 13,283.37 since Jan 1 only trading 2-4 hours a day at most and a lot of it has been buy the pool or on the golf course with my phone, but I trade 2 lots on average. This removes the stress and noise from the market. You decide. Simplest way to trade I know of. Demo until you prove to yourself you can be profitable.
JTee1 Disclaimer the last 4 charts were on 1hr 5 pip renko bars and will show up differently then 1 min charts with 5 pip renko bars. They show a larger history then 1 min charts. The proof is in the trading and traders own hands. Every trader would trade this differently and every renko bar can start at a different price. Every ones results would be different.
Roughly 18,600 for Jan Feb March April on the above charts, and its impossible to trade every minute of the day. Human error will be a factor but emotions should not be with above system. When I trade renkos I have a script with sl built in and I drag it along moving it every 5 pips with the direction of the retrace waiting for a move back to trend. I also have a trade set at a 123 pattern plus 5 pips the opposite way of trend waiting for a reversal. These are the only two triggers you should have to worry about. I trade off my phone a lot but look at renko charts before leaving the house and will set the reversal trade. On my phone I rely a lot on Prior Support and resistance levels
I have taken 13,283.37 since Jan 1 only trading 2-4 hours a day at most and a lot of it has been buy the pool or on the golf course with my phone, but I trade 2 lots on average. This removes the stress and noise from the market. You decide. Simplest way to trade I know of. Demo until you prove to yourself you can be profitable.
JTee1
Disclaimer the last 4 charts were on 1hr 5 pip renko bars and will show up differently then 1 min charts with 5 pip renko bars. They show a larger history then 1 min charts. The proof is in the trading and traders own hands. Every trader would trade this differently and every renko bar can start at a different price. Every ones results would be different. 