A Ridiculous Scalp | Forex Factory

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A Ridiculous Scalp

  • #1
  • First Post: Edited Jun 7, 2014 7:36am May 26, 2014 12:30pm | Edited Jun 7, 2014 7:36am
This is going to be somewhat different to your normal threads.

I'm going to post charts about my daily setup I call "A Ridiculous Scalp" and you must guess my strategy. The 1st one that can guess correctly will be given $100. The one condition is that you match the $100 I give you and invest $200 in my program. You can then follow my strategy on your own account and try to double your money every 2 - 3 weeks.

30 May 2014 - I've created a private Facebook Group where I will post my chart setups on a daily basis for you to trade on your own account. In order to gain access to the group and charts follow the instruction on this page - http://www.fxinvestfund.com/forex.html

04 June 2014 - I have decreased my lot size by 50% in order to accommodate a 20 pip SL. This means my account will only grow by +- 7% per day per trade, but I'll get a second opportunity if I hit the 20 pip SL.

07 June 2014 - The competition I posted above is no more valid. I have posted a video of my strategy at post #41.

http://widgets.myfxbook.com/widgets/930229/large.jpg

Here is my chart for tomorrow:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1-hf-markets-ltd-3.png Size: 34 KB
Trade Safe!
  • #2
  • May 26, 2014 7:51pm May 26, 2014 7:51pm
what a dumb business promotion idea, geez, even in dumb commercial section's standards, lol
  • #3
  • May 26, 2014 7:51pm May 26, 2014 7:51pm
what a dumb business promotion idea, geez, even in dumb commercial section's standards, lo
  • #4
  • Edited 11:03pm May 26, 2014 10:51pm | Edited 11:03pm
Here is the result of this morning. A quick 3 pip scalp although it was tight, it was a successful scalp. At this stage the "short" pending order has been cancelled - only one trade per day. Will post tomorrow's chart the end of day.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1-hf-markets-ltd-2.png Size: 37 KB
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  • #5
  • May 27, 2014 3:21pm May 27, 2014 3:21pm
Here is my setup for tomorrow. Anybody want to guess how I get to these levels?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1-hf-markets-ltd.png Size: 39 KB
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  • #6
  • May 28, 2014 6:17am May 28, 2014 6:17am
Another successful scalp for 3 pips. Tomorrow's setup to follow towards the end of day.

http://www.myfxbook.com/members/fxin...s-scalp/930229
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1-hf-markets-ltd.png Size: 39 KB
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  • #7
  • May 28, 2014 12:33pm May 28, 2014 12:33pm
Here is my setup for tomorrow. Let's see if we can grab another 3 pips from the market.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1-hf-markets-ltd-2.png Size: 36 KB
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  • #8
  • May 28, 2014 10:46pm May 28, 2014 10:46pm
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Hi.

I found this thread intriguing. I believe the points you are setting are fib 38.2 retracements. Normally after a good move there is always a pull back to those levels.

Regards

Neio
An expert is a man who has made all the mistakes which can be made
  • #9
  • May 28, 2014 10:59pm May 28, 2014 10:59pm
Quoting Neio
Hi. I found this thread intriguing. I believe the points you are setting are fib 38.2 retracements. Normally after a good move there is always a pull back to those levels. Regards Neio
Hi Neio,

I'm glad you find this thread intriguing.

Your guess is a good one, but no that is not how I determine the levels.

Regards,
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  • #10
  • May 29, 2014 12:01am May 29, 2014 12:01am
Quoting fxinvestfund
{quote} Hi Neio, I'm glad you find this thread intriguing. Your guess is a good one, but no that is not how I determine the levels. Regards,
Seems to be you are hunting stops..
  • #11
  • May 29, 2014 1:31am May 29, 2014 1:31am
Quoting negi_29
{quote} Seems to be you are hunting stops..
I can see why you would think that, but no that is not I'm doing.
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  • #12
  • May 29, 2014 1:37am May 29, 2014 1:37am
Quoting fxinvestfund
{quote} I can see why you would think that, but no that is not I'm doing.
Previous day high/low ?
  • #13
  • May 29, 2014 1:47am May 29, 2014 1:47am
Quoting shiva
{quote} Previous day high/low ?
Nope, it's not that either.
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  • #14
  • May 29, 2014 6:31am May 29, 2014 6:31am
Today's 3 pips make it "4 out of 4" for the week. If I can scalp another 3 pips tomorrow I would double my account, which means I can withdraw my original investment and trade with "free money" next week.

Don't be mistaken - this is a very high risk way of trading, borderline to reckless trading, hence the name "A Ridiculous Scalp". However, this is a fun way to start with little capital and build up a portfolio and if along the way you hit a bad trade you'll still be able to sleep at night looking forward to your next run
Attached Image (click to enlarge)
Click to Enlarge Name: myfxbook.png Size: 47 KB
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  • #15
  • May 29, 2014 6:36am May 29, 2014 6:36am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting fxinvestfund
Today's 3 pips make it "4 out of 4" for the week. If I can scalp another 3 pips tomorrow I would double my account, which means I can withdraw my original investment and trade with "free money" next week. Don't be mistaken - this is a very high risk way of trading, borderline to reckless trading, hence the name "A Ridiculous Scalp". However, this is a fun way to start with little capital and build up a portfolio and if along the way you hit a bad trade you'll still be able to sleep at night looking forward to your next run {image}
I like it so far. Do you have a longer track record with this strategy?
An expert is a man who has made all the mistakes which can be made
  • #16
  • May 29, 2014 10:49am May 29, 2014 10:49am
Quoting Neio
{quote} I like it so far. Do you have a longer track record with this strategy?
I have done this a while back, but fine tuned it in the meantime. For now this is all I have.
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  • #17
  • May 30, 2014 11:37am May 30, 2014 11:37am
Here is today's 3 pip scalp - sorry for posting a bit late, but I did not have time to post last night. I have now reached the 100% profit mark and was going to withdraw my deposit........., but decided to push it for another week.

http://www.myfxbook.com/members/fxin...s-scalp/930229

Have a good weekend everybody!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd-h1-hf-markets-ltd.png Size: 35 KB
Click to Enlarge Name: myfxbook.png Size: 47 KB
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  • #18
  • May 30, 2014 2:34pm May 30, 2014 2:34pm
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Great Work! Have a good weekend!
An expert is a man who has made all the mistakes which can be made
  • #19
  • May 30, 2014 3:36pm May 30, 2014 3:36pm
Quoting Neio
Great Work! Have a good weekend!
Thanks Neio!
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  • #20
  • May 30, 2014 5:50pm May 30, 2014 5:50pm
Nice result, but you must be trading a dangerously high leveraged position, because if a 3 pips win is gaining u 14.88%, then I'm guessing a 15-20 pip move against the position (draw down) will lead to a margin call? It looks like you may have come close to that today.
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