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  • #441
  • Edited 10:16pm Oct 27, 2014 10:03pm | Edited 10:16pm
Ok traders, here we go...

EU, EJ, UJ, GJ, AJ, UChf, NU, UCad (32pip gap), AN(9pip) are all Trade status... (using my indi). Currently working on a Script to quickly drop in orders. This would make the whole process very efficient.

Side note: recall discussion about the number of pips between the MNO & WO. The idea was the closer they are the more this implies consolidation. All this means it that you may not get a Trade status (and if you do it may not trigger) but eventually you would expect a break-out of some kind.
  • #442
  • Oct 28, 2014 2:54am Oct 28, 2014 2:54am
Ok, got the Aussie 200 +10pts (again! still 100% here, although I was worried this time cause it went into after-hours) ...

Others that would have worked... NU, AN
  • #443
  • Oct 28, 2014 8:49am Oct 28, 2014 8:49am
Well, I started trading this system again after a bit of a break. Should've made 10 pips on EU, but order was cancelled (error BV:SL) which I think means that my SL of 10 pips fell within the spread. Thanks Oanda does anyone else use them and run into this? ... Can anyone recommend a good broker?
  • #444
  • Oct 28, 2014 9:15am Oct 28, 2014 9:15am
UChf & EU both +7pips : wasn't watching but i liked the PA

UJ never triggered. Great to see lots of trades back on as it makes it easy to trade
  • #445
  • Oct 28, 2014 9:26am Oct 28, 2014 9:26am
nice griffinssoul
this is today result , just UC TP , but i don know why my EU had been cancel out , it havent reach the SL point
AU hit SL and using the second method to re-entry again still SL , will try again tomorrow for not using re-entry method
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  • #446
  • Edited 9:38am Oct 28, 2014 9:27am | Edited 9:38am
Quoting Nico1359
Well, I started trading this system again after a bit of a break. Should've made 10 pips on EU, but order was cancelled (error BV:SL) which I think means that my SL of 10 pips fell within the spread. Thanks Oanda does anyone else use them and run into this? ... Can anyone recommend a good broker?
Hi Nico1359! Yep, as you guys (mwsteiner, fbird, swilliams etc) discussed previously in this thread... variable spread, slippage etc are all enemies of this method (as with most scalping). Welcome back!
  • #447
  • Edited 10:49pm Oct 28, 2014 9:30am | Edited 10:49pm
Quoting cavenlee92
nice griffinssoul this is today result , just UC TP , but i don know why my EU had been cancel out , it havent reach the SL point AU hit SL and using the second method to re-entry again still SL , will try again tomorrow for not using re-entry method {image}

Good Job! But was AU a trade? My indi says No Trade? "... i don know why my EU had been cancel out".. variable spread... increases with volatility/liquidity etc (degree is broker dependent). Its hard to factor that into TP/SL.

EDT: there is the option of fixed and variable spread brokers. Look this up here @ FF for further info.
  • #448
  • Oct 28, 2014 9:47am Oct 28, 2014 9:47am
Quoting griffinssoul
{quote} Hi Nico1359! Yep, as you guys (mwsteiner, fbird, swilliams etc) discussed previously in this thread... variable spread, slippage etc are all enemies of this method (as with most scalping). Welcome back!
Oops forgot that topic already came up... It's been a while!
  • #449
  • Oct 28, 2014 9:49pm Oct 28, 2014 9:49pm
Quoting Nico1359
{quote} Oops forgot that topic already came up... It's been a while!
No worries Nico, you guys covered a lot of ground and it took quiet a while to absorb all the info.
  • #450
  • Oct 28, 2014 10:04pm Oct 28, 2014 10:04pm
EU, EG, NU, GU, EA, AZ, GChf, AChf, AU, UJ, UChf, are all Trade status... cross check please

UCad - could drop its guts as we speak...
  • #451
  • Edited 2:13am Oct 29, 2014 1:59am | Edited 2:13am
Ok, this is how I played UCad ...

3 x risk 50% : 1 x 4.2pips + 1 x 5pips + 1 x BE(+a bit more : 4pips) SL [still going]

EDT: Out on SL 4pips...

So, about 9pips on standard risk [great for UCad] + runner (2) got 4pips = +13pips UCad : very slow......but got there in the end. PA was solid all the way which is why I risked a bit more... had a staggered TP 4,5,6 strategy, anticipating low volatility
  • #452
  • Oct 29, 2014 4:20am Oct 29, 2014 4:20am
Hey Guys,
Going on holidays for a week so won't be trading this week or next week which is the first week of the new month anyway so wouldn't be trading regardless. Green pips to all while I'm gone!
Learning is all about about asking the right questions!
  • #453
  • Oct 29, 2014 4:41am Oct 29, 2014 4:41am
Quoting reeeen4
Hey Guys, Going on holidays for a week so won't be trading this week or next week which is the first week of the new month anyway so wouldn't be trading regardless. Green pips to all while I'm gone!
Have a wonderful and safe holiday reeeen4! I think by the time you come back things will be picking up anyway - we've gone through a very dry consolidation period. So far, I'm 100% win this week!
  • #454
  • Edited 3:35pm Oct 29, 2014 3:08pm | Edited 3:35pm
Hello
Thank you for this thread, interesting strategy.
Wonder if there would be a highest win rate with this system, using a 3 pips TP and 7 pip's SL, on very low spread pairs.
  • #455
  • Oct 30, 2014 2:31am Oct 30, 2014 2:31am
Ok, seems like a lot on offer but nothing that springs out to me, yet?

UCad, EG, NU, GU, AN, EA, GA, AChf, GChf,... are all Trade status... please cross check.

I'll have a closer look at NU @ the USO? Everything's far from trigger anyway...
  • #456
  • Edited 4:40am Oct 30, 2014 3:04am | Edited 4:40am
Quoting Brandon66
Hello Thank you for this thread, interesting strategy. Wonder if there would be a highest win rate with this system, using a 3 pips TP and 7 pip's SL, on very low spread pairs.
Hi Brandon66, good question! This has been discussed previously in this and other threads on the topic, (scalping and R:R). I think generally, for any scalping method the win % improves but it is at the cost of R:R being against the trader. I, like swilliams and others here, do not trade under conditions of Risk:R greater than 2:1. In fact I try and trade as close to 1:1 as possible. There is good reason (please read thread posts here to find out why) for this ratio. May I suggest that you investigate MM (many resources here on FF) as every trader must decide what is best for themselves. I hope that helps.
  • #457
  • Oct 30, 2014 4:04am Oct 30, 2014 4:04am
EA +7pips : no problem, helped along by mild news (who knows)? AChf was the inverse correlated pair and was a quick win for 7 but I missed that one in all the excitement.

Still scoping NU, Call Contact eta USO...
  • #458
  • Edited 9:05pm Oct 30, 2014 8:48pm | Edited 9:05pm
UCad, EG, GU, AN, EA, GA, AChf, AU, UChf, EChf, AJ, AU & EU all on Trade status... please cross check...

Looks like NU triggered at some time ... totally missed this but it only gave 2.5pips anyway ... looks like aussie 200 would have worked + a number of pairs but I missed them all...

What a great week! 5/5 so far! Things are picking up...
  • #459
  • Edited 3:56am Oct 31, 2014 2:45am | Edited 3:56am
AChf -7pips (2nd entry worked but I didn't take it) I knew the PA was good here but it bounced off the trigger 3 or so times then 2nd entry shot through but had no time to setup & UChf +10pips : quickly done

Looking at EU on the 1H TF ... this would be 2nd entry, gave 6pips in the first (I didn't take it)... I really like PA here : used MNO as S&R - change of polarity on 4H TF and its south all the way... placed a runner and waiting
  • #460
  • Edited 8:32am Oct 31, 2014 7:57am | Edited 8:32am
Finally got triggered on EU +7pips : I really liked the PA but dropped the runner (too much unnecessary risk for the end of the trading week... the runner would have worked but you can't be too greedy)

So, that makes it 7 wins for 1 loss this week : 53pips all up ... have a great weekend (I'll be hard at work on additions and improvements to my indi)

EDT: Oops, please excuse me I had GU setup (totally forgot) until an alarm went off and I had a heart-attack ! GU +7pips What can I say?
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