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Dynamic Scalp System

  • #1,601
  • Dec 3, 2014 3:02pm Dec 3, 2014 3:02pm
Im going bed guys im so tired today, see u tomorrow!
  • #1,602
  • Dec 3, 2014 3:10pm Dec 3, 2014 3:10pm
The market gave me a good trend today. I am blessed with good opportunities while I learn.

Today I tried with the cross-pair EURGBP.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM5.png Size: 68 KB
  • #1,603
  • Dec 3, 2014 5:50pm Dec 3, 2014 5:50pm
Quoting greenline
The market gave me a good trend today. I am blessed with good opportunities while I learn. Today I tried with the cross-pair EURGBP. {image}
Greenline, I have to congratulate you, again, for the excellent new trade that you give us and make the effort to
publish. Do not worry about that effort, because although it is not made public, it is a job that everyone should do, if
he wants to improve in this business.

I humbly going to let me share with you, and whoever wants it, my way of analyzing these situations.
I did not have occasion to do in your previous trade, which was perfect as it began with an order for short, below a
support. And the rest was exemplary.

This time, it seems you've only watched the Moving Average Crossover (emas 34-89). In my humble opinion, this is
insufficient. It is an important, but insufficient signal. We must wait for the price action or a major break.
This break started from 6:00 H (GMT). That started the downward trend, really, with the break of support and increased momentum.

I understand that your work, why you do not have to be there at that time. Then your order is more risky, but you
have to put the stop loss beyond significant resistance, resistance zone + spread, if you have to protect yourself against
the price "ask".
We must do so because Metatrader only shows us the price "bid", which forces us to put the stop loss or BUY STOP
on resistance, that way, ie considering the wider spread.
However, putting a stop loss or SELL STOP under a support involves no difficulty.

However, the easiest way was to do the same as yesterday, that is, put a SELL STOP below support, with a stop loss above the first significant resistance.
The rest, the trend itself, not the handle better, so I can only congratulate its management.

This is how I try to get my opportunities. With this type of analysis or similar.

The reddish cloud represents exponential moving averages 34 and 89, crossed downwards. Viceversa, for the bluish cloud.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbpgreenline.PNG Size: 110 KB
Donde hay Patron no manda Marinero
  • #1,604
  • Dec 3, 2014 6:17pm Dec 3, 2014 6:17pm
Quoting Alucard X
{quote} Nah just only know if it not reach the target in the time that u have in mind, if u close the trade or keep it alive.
You should study each case.
But if I had to say something, generally ...
If it occurs at the end of a session, probably close the trade.
If in a significant level of S & R, I close the trade.
Otherwise, adjust the stop loss order not to lose, and adjust the take profit for that price reached him, most likely.

Here's how I would act.
But perhaps someone else can propose solutions.
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  • #1,605
  • Dec 3, 2014 10:19pm Dec 3, 2014 10:19pm
Quoting Patron
{quote} You should study each case. But if I had to say something, generally ... If it occurs at the end of a session, probably close the trade. If in a significant level of S & R, I close the trade. Otherwise, adjust the stop loss order not to lose, and adjust the take profit for that price reached him, most likely. Here's how I would act. But perhaps someone else can propose solutions.
Thanks, so you dont use to keep the trades open from one day to the next one true?

Something that i have learn, is that you must close all your orders the FRIDAY, banks use the weekends "sometimes" to add huge orders and thats why u see the gap and this gap can brake the logic of a pattern and start a huge trend to burn your account.
  • #1,606
  • Dec 4, 2014 1:25am Dec 4, 2014 1:25am
Quoting Alucard X
{quote} Thanks, so you dont use to keep the trades open from one day to the next one true? Something that i have learn, is that you must close all your orders the FRIDAY, banks use the weekends "sometimes" to add huge orders and thats why u see the gap and this gap can brake the logic of a pattern and start a huge trend to burn your account.
These things depend largely on the trader.
I usually open and close my trades on the same day because I usually do scalping.
But sometimes, a trade has gone further, and I left running, more than a day. I even left open trades Friday.
So to look for intraday profit, with a capital management / risk chord. Sometimes, I see clearly that I am on the good side of the market, but have not made a profit, then I do not close until my stop loss is violated, showing me the market, I am wrong, and that sometimes makes my trades last longer day. Similarly, I left some trades correrr Saturday.
It's my style, not a rule. Many traders keep their trade throughout the week. I prefer to enter and exit at discretion .
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  • #1,607
  • Dec 4, 2014 1:31am Dec 4, 2014 1:31am
Quoting Patron
{quote} These things depend largely on the trader. I usually open and close my trades on the same day because I usually do scalping. But sometimes, a trade has gone further, and I left running, more than a day. I even left open trades Friday. So to look for intraday profit, with a capital management / risk chord. Sometimes, I see clearly that I am on the good side of the market, but have not made a profit, then I do not close until my stop loss is violated, showing me the market, I am wrong, and that sometimes makes my trades last longer day. Similarly,...

Good morning Patron! Ok, well i saw true kille move gaps on weekend to trap traders in wrong positions, so for the moment im going to skip any risk, may be i dont know what im doing atm, i wanna sleep well so i will close my trades at the end of the day

Me he levantado a las 4 de la mañana, hoy cae siesta si o si
  • #1,608
  • Dec 4, 2014 1:43am Dec 4, 2014 1:43am
Quoting Alucard X
{quote} Good morning Patron! Ok, well i saw true kille move gaps on weekend to trap traders in wrong positions, so for the moment im going to skip any risk, may be i dont know what im doing atm, i wanna sleep well so i will close my trades at the end of the day Me he levantado a las 4 de la mañana, hoy cae siesta si o si
¿Siesta? everyday
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  • #1,609
  • Dec 4, 2014 1:45am Dec 4, 2014 1:45am
Quoting greenline
The market gave me a good trend today. I am blessed with good opportunities while I learn. Today I tried with the cross-pair EURGBP. {image}
Hi, Greenline

Good job on pipping

i agree with what patron give an insight and view about your trade....

One note for me is the entry #2....stated lot size 3 time bigger its indicate your emotion in revenge mode (just my tought)

My humble view...if you want to add size ...use adding entry by seing what PA support or not with your analysis...so in simple if you loss you will lose 1 or 2 entry...buy if movement go in your favor...you will win at least 2 or more entry....

thanks and have more great results today
While knowledge speak up, the wisdom listen down
  • #1,610
  • Edited 2:13am Dec 4, 2014 1:59am | Edited 2:13am
EURAUD M1

Little scalping, reversal or correction.
Attached Image (click to enlarge)
Click to Enlarge Name: euraudm1reverse.PNG Size: 107 KB
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  • #1,611
  • Dec 4, 2014 2:42am Dec 4, 2014 2:42am
I think im going to take a short to eur/usd 1.22600
  • #1,612
  • Dec 4, 2014 2:46am Dec 4, 2014 2:46am
May be it can get some air at 1.2340


What do you think patron?
  • #1,613
  • Dec 4, 2014 2:48am Dec 4, 2014 2:48am
Quoting Patron
EURAUD M1 Little scalping, reversal or correction. {image}
EURAUD M1

...and scalping minitrend
Attached Image (click to enlarge)
Click to Enlarge Name: euraudminitrend34.PNG Size: 85 KB
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  • #1,614
  • Edited 3:34am Dec 4, 2014 3:11am | Edited 3:34am
I took that long based in the system.

EUR / USD M5
Attached Image (click to enlarge)
Click to Enlarge Name: Capture_14.jpg Size: 280 KB
  • #1,615
  • Dec 4, 2014 3:27am Dec 4, 2014 3:27am
Quoting Alucard X
I took that long based in the system. {image}
What pair?
What timeframe?
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  • #1,616
  • Dec 4, 2014 3:34am Dec 4, 2014 3:34am
Quoting Patron
{quote} What pair? What timeframe?
Eur / Usd M5
  • #1,617
  • Dec 4, 2014 3:38am Dec 4, 2014 3:38am
Quoting Alucard X
{quote} Eur / Usd M5
I'm long also, for scalping retracement.
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  • #1,618
  • Dec 4, 2014 4:29am Dec 4, 2014 4:29am
EURUSD M1

Scalped retracement
Attached Image (click to enlarge)
Click to Enlarge Name: eu scalped retrace20.PNG Size: 110 KB
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  • #1,619
  • Dec 4, 2014 4:31am Dec 4, 2014 4:31am
GBPUSD M1

Scalped reversal.
Attached Image (click to enlarge)
Click to Enlarge Name: gureversem110.PNG Size: 85 KB
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  • #1,620
  • Dec 4, 2014 4:31am Dec 4, 2014 4:31am
Quoting Patron
EURUSD M1 Scalped retracement {image}
Hahaha man you dont let 1 pip for them you scalp all, great trade
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