Learn to Trade is Important. Keep your bias & ego aside.
HEAVY Support/Resistance System
Will be following this thread 
Pretty much a simple system yet effective though. Just playing out with probability and a good way to secure pips into the pips bank. I am normally a intraweek trader which i will hold till the Friday, but the problem recently with the market is that it often tend to reverse and hit my trail stop. Last year was really smooth trading year for me, but after the government shutdown, eurozone inflationary problem, china credit crunch or shadow banking, and recently sanctions going on for vladimir's pussy doing , all just stacked up and caused the market to be cuckooing all day long. Therefore, your scalping system will help to secure pips as much as possible though, for example gbpusd had been hitting the roof for like 5 times or more, so if for like a intraweek trader like me, will get frustrated as the pips that I initially obtained lose all out just like that. Thanks, chaosbun, allow me to learn more in this thread Anyways, for your sl do u usually put your sl above the trend line + 15 pips or so , or above the horizontal resistance or support?
Pretty much a simple system yet effective though. Just playing out with probability and a good way to secure pips into the pips bank. I am normally a intraweek trader which i will hold till the Friday, but the problem recently with the market is that it often tend to reverse and hit my trail stop. Last year was really smooth trading year for me, but after the government shutdown, eurozone inflationary problem, china credit crunch or shadow banking, and recently sanctions going on for vladimir's pussy doing , all just stacked up and caused the market to be cuckooing all day long. Therefore, your scalping system will help to secure pips as much as possible though, for example gbpusd had been hitting the roof for like 5 times or more, so if for like a intraweek trader like me, will get frustrated as the pips that I initially obtained lose all out just like that. Thanks, chaosbun, allow me to learn more in this thread Anyways, for your sl do u usually put your sl above the trend line + 15 pips or so , or above the horizontal resistance or support?
- #223
- Apr 29, 2014 11:24am Apr 29, 2014 11:24am
Will be following this thread
Most of the time, 90% of my trade won't make me panic.
If I playing a risky bet, I will transfer e.g $500 to 1 of my account, assume I Play 1.0 lot which is $10 per pip, the account will auto wipeout at 50 pips, so its okay.
I have 8 mt4 account at fxpro to perform my money management.
When I win, I just transfer the money back to my FxPro Vault.
Yes this days, the market don't move as much range as what it used to be, we need adapt to changes. Scalping can be pretty profitable.
For this week I already make 50% of my equity. Its pretty a large sum to me.
There still more to go, the probability to win at trend line and heavy support/resistance is quite high.
Sometime when you hold a trade for too long, your gain is gone, and it reset to either 0 or a loss. So I tend to close trade in 10 - 30 pips, I hold longer if the trade
seems good. And 0.2 lot , when you have 20 pips profit, its $40 , multiply by my 8 accounts , its $300+ dollars in a very short duration. of course if lose, the 8 accounts are all affected, but I only do the same trade at all accounts when the win rate is higher.
Then winning a few of those trade in a day, will make a thousand dollar earning in a day.
My account equity is roughly keep at a same level, surplus are keep at the Vault for backup.
Most of the time if a trade is good, I will mimic the same trade across 8 accounts and 0.2 lot - 0.4 lot each, which account to a few lot. and when I close them, all my accounts equity is higher than what it originally was.
Having more equity means you have more financial freedom to entry more good positions.
Inserted Video
Learn to Trade is Important. Keep your bias & ego aside.
- #224
- Apr 29, 2014 11:36am Apr 29, 2014 11:36am
Euro is showing weakness.
It slightly breach the uptrend line. A break of 1.3790 should see further downside.
However try not to short now. Because its seem very risky.
Euro/Usd seems to find some bid at 1.3810
I might want join a long position at 1.3790 , depend on situation.
When EURO and Pound Fall.
AUD & NZD will benefit from such movement.
It slightly breach the uptrend line. A break of 1.3790 should see further downside.
However try not to short now. Because its seem very risky.
Euro/Usd seems to find some bid at 1.3810
I might want join a long position at 1.3790 , depend on situation.
When EURO and Pound Fall.
AUD & NZD will benefit from such movement.
Learn to Trade is Important. Keep your bias & ego aside.
Added position on NZD/USD LONG 2 Heavy support at 0.8490 - 0.8520 zone. {image} If I draw the down trend line, NZD/USD got a gap to fill of 30 to 40 pips upward then consider if its going break out or get back to range. I also like the yield / swap / interest of NZD against USD
Learn to Trade is Important. Keep your bias & ego aside.
Setup for Euro Inflation Order
Not sure if they will be hit, but I think will be good to setup order at my desire price for whipsaw profit
1st is buy limit
2nd is sell limit
This is a risky play, play at your own risk I just setup for sake of testing my order
Not sure if they will be hit, but I think will be good to setup order at my desire price for whipsaw profit
1st is buy limit
2nd is sell limit
This is a risky play, play at your own risk
I just setup for sake of testing my order
Learn to Trade is Important. Keep your bias & ego aside.
Setup for Euro Inflation Order
Nice. Well im less risk-averse. I shorted but close at Break Even just now.
My buy limit at 1.373