just took a quick 5 pipper!! on the pound.
patience is bitter, but its fruit is sweet
- #1,002
- Jun 16, 2014 1:12am Jun 16, 2014 1:12am
{quote} Good morning rifid. Do you have another mechanical rules (besides SR & BRN) that can help you to determine when to scalp & when to aim for 4R ? Currently on this one. {image} Good luck all.
Scalped 5 pips.
- #1,007
- Jun 16, 2014 1:44am Jun 16, 2014 1:44am
{quote} Pips please dont apply an indicator to this method, it is not what its about. If you find that you need an indicator to tell you where S/R levels are perhaps this type of trading is not for you.
. This method is fine. I only want to make things clear since you introduce scalping type trading on page 1. You've already give us warning too when using scalping type trade.Just keep in mind that if you choose to use this method it may be hard for you to trade the standard system as you will always be tempted to close trades at 5 pips rather than let them run. Or you could just use it on days when the market is range bound and the standard entries are not to be found. GOOD TRADING......
moment. I'd rather stopped for 5 pips when aiming for 20 pips than stopped for 5 pips when aiming for 5 pips. Anyway enough for my rant, back to trading 
.
- #1,009
- Jun 16, 2014 1:46am Jun 16, 2014 1:46am
{quote} Easy man, I won't ruin this thread with additional useless indicator
{quote} Scalping for 5 pips when it goes for 20 pips is
I'm a dog chasing cars.
- #1,012
- Jun 16, 2014 1:51am Jun 16, 2014 1:51am
{quote} Agreed. I think the point of the scalping strategy was that it's for anyone who's doesn't have the time to wait for 200 pips to occur. To the best of my knowledge, the scalping strategy still requires that you have to wait for the same quality setups as the 200 pip setups.
200 pips???? wow
{quote} Agreed. I think the point of the scalping strategy was that it's for anyone who's doesn't have the time to wait for 200 pips to occur or want to trade CT. To the best of my knowledge, the scalping strategy still requires that you have to wait for the same quality setups as the 200 pip setups.
patience is bitter, but its fruit is sweet
{quote}No set up there, all points must be on the same plane/ trend line.
The ideal setup is lower high at trend line like this?
Will you take the trade on the second chart where the first low point is like 20 hours before? Sorry for the ugly photoshop.
- #1,019
- Edited 3:15am Jun 16, 2014 2:58am | Edited 3:15am
- | Joined Aug 2012 | Status: Member?! | 165 Posts
Setup here maybe but against trend{image}
{quote} 200 pips???? wow
I'm a dog chasing cars.
