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Scalping - boon or bane?

  • #61
  • Aug 17, 2014 9:47am Aug 17, 2014 9:47am
Quoting Forexcube
Real Account: "Swiss-Scalping-B" Scalping Trades 2014 August 15 Profit: +1.05% {image}

What indicators are you using with your CCI?
  • #62
  • Aug 17, 2014 1:25pm Aug 17, 2014 1:25pm
Quoting LaGrangeD
{quote} What indicators are you using with your CCI?
Bollinger Bands, Pivotals & the Candlesticks, & the ADX here and there.
FXcube
  • #63
  • Aug 17, 2014 1:38pm Aug 17, 2014 1:38pm
Quoting MrNow
Cube I think scalping can be done and if mastered can make small money into big money and fast, I have not mastered yet and I am learning from a Bob Volman. No sure if I will master it. Why? I think it does not suit my personality, it brings a lot of stress and frustration into myself.......and that is effecting my trading.... My scalping account atm is small and that is fine for me... I trade as a living and my money is coming from swing trading, viewing the daily and entering into a smaller TF.... My personality needs time, space, needs to be...

Hi MrNow,
Scalping is something for advanced level traders who have make over 8'000-10'000 hours in practice.
I use exclusively 5%-25% of my wins from the swinging & long term-accounts for scalping due to the fact it's high risk trading under enormous uncertainty.
You're cordially invited to publish your trades and ideas here.
You're wellcome!
Kindest regards
FXcube
  • #64
  • Aug 17, 2014 1:59pm Aug 17, 2014 1:59pm
Quoting danos
{quote} Dear FxCube, if you are doing nice with indicators, then keep them on your chart. I would just say, if you are using indicators such as MAs, BB and the same others which just take few last candles (depending on your period), add something, substract it and give you some output value, will simply not give you anything unique and you will be on the side of dump money. Look, almost everybody is using indicators, almost everybody is loosing money... Is not there any connection between these both sentences? Look at the other side, the bank, big...
#60

Piffle?
I don't understand you & I don't understand your balderdash.
Be sure, it seems my personal freedom if I open a new threat & be sure I'm living in a democratic country.
Kindest regards
FXcube
  • #65
  • Aug 17, 2014 2:06pm Aug 17, 2014 2:06pm
Quoting PrymeTyme
... first determine where we are at the bigger picture ......go from weekly to daily to hourly to 5/1min.. .. remember price is in a continous flow.. it doesent care about bar intervalls..
Hello PrymeTyme,

I like your examples. Looking at everything and making an informed analysis is definitely a good idea.
I think my question here is.... in your last two examples on the 5 minute charts, you show, of course, two possible scenarios. One is long and the other possibility is short. Fair enough. But the clues to showing which one will take place must be determined in real time, based on what the market does next. Whether the breakout then occurs to the upside or the downside.

So.... it seems to me that those clues will not happen (show up) on the higher timeframes. They will be seen on the 1 or 5 minute (etc.) charts first. So isn't the real scalping taking place only on the lower timeframes?? By that I mean, certainly support and resistance and overall trend will be shown on the higher TF's, but the decision to enter a direction is still on the lower TF. And so, except for finding supply/demand zones, which should definitely be paid attention to, We're still just scalping the 5 minute or maybe even lower. And likely also trading both directions in the same day, which then seems to go against many of the higher TF's throughout the day.
  • #66
  • Aug 17, 2014 2:45pm Aug 17, 2014 2:45pm
Quoting Forexcube
{quote} #60 Piffle? I don't understand you & I don't understand your balderdash. Be sure, it seems my personal freedom if I open a new threat & be sure I'm living in a democratic country. Kindest regards FXcube
Hi man,
I just wanted to help, so please don't make a fool of me here.
I feel sorry that I wanted to add something more useful than mainstream strategies & indicators which bring high risk, high stress, low reward, and low probability trades only.
Once again, sorry. Goodbye and have fun with your "scalping" and with your threaT as you said, I'll be watching your "Real Account - L1:50 Return This Year: -17.8%" closely.
And of course, good luck.
  • #67
  • Aug 17, 2014 4:05pm Aug 17, 2014 4:05pm
Quoting Forexcube
{quote} Hi MrNow, Scalping is something for advanced level traders who have make over 8'000-10'000 hours in practice. I use exclusively 5%-25% of my wins from the swinging & long term-accounts for scalping due to the fact it's high risk trading under enormous uncertainty. You're cordially invited to publish your trades and ideas here. You're wellcome! Kindest regards FXcube
Cube

yes 10000 hour of screen time make sense... Also your 5-25 % make sense, I will take that in consideration for myself...

I will be happy to to post my trades here if you do not mind and I would like to have your comments on it if you do not mind.
  • #68
  • Aug 18, 2014 3:10am Aug 18, 2014 3:10am
Quoting MrNow
{quote} Cube yes 10000 hour of screen time make sense... Also your 5-25 % make sense, I will take that in consideration for myself... I will be happy to to post my trades here if you do not mind and I would like to have your comments on it if you do not mind.
You're wellcome!
FXcube
  • #69
  • Aug 18, 2014 3:15am Aug 18, 2014 3:15am
EURUSD, M1, 2014 August 18
EURUSD, H4, 2014 August 18
Not the best trade but I try it downside.
Short @ 1.33847
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD, M1, 2014 August 18.jpg Size: 245 KB
Click to Enlarge Name: EURUSD, H4, 2014 August 18.jpg Size: 129 KB
  • #70
  • Aug 18, 2014 3:52am Aug 18, 2014 3:52am
this is what I got, not trade for me yet..a break would get me interested...the break has to be not strong
Attached Image (click to enlarge)
Click to Enlarge Name: 10.png Size: 15 KB
  • #71
  • Aug 18, 2014 3:56am Aug 18, 2014 3:56am
Quoting MrNow
this is what I got, not trade for me yet..a break would get me interested...the break has to be not strong {image}
the price is ranging between 82 and 89, this platform has 4 decimal digit, which is much easier to trade with in this particular style.
  • #72
  • Aug 18, 2014 4:05am Aug 18, 2014 4:05am
EURUSD, Short, 1.33873
  • #73
  • Aug 18, 2014 4:06am Aug 18, 2014 4:06am
Quoting Forexcube
EURUSD, Short, 1.33873
Cube

do you have a TP and SL?
  • #74
  • Aug 18, 2014 4:08am Aug 18, 2014 4:08am
Quoting MrNow
{quote} the price is ranging between 82 and 89, this platform has 4 decimal digit, which is much easier to trade with in this particular style.


The odds aren't in any favor, currently, that's right. Ranging 82-89 could go, so long no breakout occurs, which could everytime happen.
FXcube
  • #75
  • Aug 18, 2014 4:09am Aug 18, 2014 4:09am
Quoting MrNow
{quote} Cube do you have a TP and SL?
No SL currently, TP ~1.3382 but it could also be that I exit before. When I make 50cents, it should be also okay.
FXcube
  • #76
  • Aug 18, 2014 4:10am Aug 18, 2014 4:10am
Quoting Forexcube
{quote} No SL currently, TP ~1.3382 but it could also be that I exit before. When I make 50cents, it should be also okay. FXcube
ok...Thanks

and how do you close the trade if it goes against you?

Now
  • #77
  • Aug 18, 2014 4:17am Aug 18, 2014 4:17am
Quoting MrNow
this is what I got, not trade for me yet..a break would get me interested...the break has to be not strong {image}
I am not in at this break yet, looks like a fake to me...
  • #78
  • Aug 18, 2014 4:22am Aug 18, 2014 4:22am
Quoting MrNow
{quote} I am not in at this break yet, looks like a fake to me...
which it was......can still break on the up side she is making HL's into the range..
  • #79
  • Aug 18, 2014 4:30am Aug 18, 2014 4:30am
Quoting MrNow
{quote} which it was......can still break on the up side she is making HL's into the range..
long 92 sl 85 TP 10 pips
  • #80
  • Aug 18, 2014 4:38am Aug 18, 2014 4:38am
Quoting MrNow
{quote} ok...Thanks and how do you close the trade if it goes against you? Now

In this case here with low momentum I wait for H4 candle in the expectation that's going downwards again, this one or the next H4.
Normally I have to go out now with this scalping trade with a loss of -1.60$ & - 3.25$, but I wait. Since yet it was scalping. Now I hold this order even longer so it's more a swinging trade yet.
FXcube
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