patience is bitter, but its fruit is sweet
The System Behind the System, by Merlin Jeffries 16 replies
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Disliked{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.Ignored
Disliked{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.Ignored
DislikedJust 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......Ignored
Disliked{quote} Easy man, I won't ruin this thread with additional useless indicator. 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. {quote} Scalping for 5 pips when it goes for 20 pips is
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
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Disliked{quote} Scalping for 5 pips when it goes for 20 pips ismoment. 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
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Disliked{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.Ignored
Disliked{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.Ignored
Disliked{quote}No set up there, all points must be on the same plane/ trend line.Ignored
Disliked{quote} Hi rifid, thank you for your reply. Mind if i ask a question here. "all points must be on the same plane/ trend line" means that it should not make a higher high like this chart? {image} The ideal setup is lower high at trend line like this? {image} Will you take the trade on the second chart where the first low point is like 20 hours before? Sorry for the ugly photoshop.Ignored
Disliked{quote} Hello Electro gypsy, An excellent post ,from obviously an experienced trader, and in full agreement. Welcome to the thread. F.F. provides a wealth of information to the thousands of new and old traders that visit every day in the hope of finding the secret to their financial future, and thinking that a quick flick thru the trading system pages will make them rich in super quick time with the minimum of effort, generally what they are presented with is system after system full of indicators, making charts look pretty and very 'professional'...Ignored