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Dynamic Scalp System

  • #1,981
  • Dec 12, 2014 3:12am Dec 12, 2014 3:12am
Quoting Patron
{quote} Do not be afraid, you have to believe in the system, and good money management. You put the stop loss. And if you lose, that's good, because it's the best lesson you will not forget, then if you work in why you lost. And if you win you do not learn anything, but takes confidence. Amos que son tó beneficios pishaa! {image}

First i need to believe in me, but im happy because every day since im here i get more confidence and im more accurate

I was going to target eur usd to 1.2450

May be 1.2456
  • #1,982
  • Dec 12, 2014 3:23am Dec 12, 2014 3:23am
Quoting sam30
One key to enjoy my trading is full of joy and feel happy (i really like joke)...and happiness inside and know the skill and knowlegde too...have fun with this ninja skill ....(to trade). https://www.youtube.com/watch?v=5NIeE-I_96Q
Man, do not distract people at this hour! We are working hard!

Let's see if I can collect the EURJPY ...
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  • #1,983
  • Edited 3:52am Dec 12, 2014 3:29am | Edited 3:52am
Quoting Alucard X
{quote} First i need to believe in me, but im happy because every day since im here i get more confidence and im more accurate I was going to target eur usd to 1.2450 May be 1.2456
I always know the exact number of my stop loss. The take profit alert me via a "volume stop", or "S & R", or trendline or a Fibonacci projection, or proximity of the news, or a change in session...
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  • #1,984
  • Dec 12, 2014 3:51am Dec 12, 2014 3:51am
Quoting Patron
{quote} I always know the exact number of my stop loss. The take profit alert me via a "volume stop", or "S & R", or trendline or a Fibonacci projection ...
We should dedicate some time in the thread to the money management part :nerd:
  • #1,985
  • Dec 12, 2014 3:56am Dec 12, 2014 3:56am
Quoting Alucard X
{quote} We should dedicate some time in the thread to the money management part :nerd:
We can talk about Money Management, if Sam30 permits, in dead hours or on weekends. But I think there are books, websites, and I think there specific threads for that. To win democracy.
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  • #1,986
  • Dec 12, 2014 4:04am Dec 12, 2014 4:04am
Quoting Patron
{quote} We can talk about Money Management, if Sam30 permits, in dead hours or on weekends. But I think there are books, websites, and I think there specific threads for that. To win democracy.
Its a suggestion of course

You know that 95% of people who wins lottery backs to the same economic situation that they had before win? That means that 95% they have a bad money management in their lives so the same will be in forex.

50% of trading is to know where the price will go and 50% is money management, people most times fails at forex for that reason.

(My english from Texas is amazing eh?)
  • #1,987
  • Dec 12, 2014 4:11am Dec 12, 2014 4:11am
Quoting Alucard X
{quote} Its a suggestion of course You know that 95% of people who wins lottery backs to the same economic situation that they had before win? That means that 95% they have a bad money management in their lives so the same will be in forex. 50% of trading is to know where the price will go and 50% is money management, people most times fails at forex for that reason. (My english from Texas is amazing eh?)
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  • #1,988
  • Dec 12, 2014 4:32am Dec 12, 2014 4:32am
Quoting jstmzplsz
I decided yesterday to trade only one chart, I've chosen EA, because I was trading on it before. So on EA, we have bullish channel on H4, but the price is testing strong resistance from Daily, and I see head and shoulders pattern forming on H1. Waiting for LO, to see what's next. If I am wrong please don't hesitate to tell me {image}
EURAUD M5

If DSS applied ... 20 pips at least.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ea dss 20.PNG Size: 107 KB
Click to Enlarge Name: patsysfollow.PNG Size: 19 KB
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  • #1,989
  • Dec 12, 2014 4:37am Dec 12, 2014 4:37am
Quoting Patron
{quote} EURAUD M5 If DSS applied ... 20 pips at least. {image}

I've seen this, but I thought it is too soon, because cross appeared on the next candle..
  • #1,990
  • Dec 12, 2014 4:39am Dec 12, 2014 4:39am
I gave it a shot, but as I said, I thought I'm wrong.
It looks like this right now
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 58 KB
  • #1,991
  • Dec 12, 2014 4:43am Dec 12, 2014 4:43am
Quoting jstmzplsz
{quote} I've seen this, but I thought it is too soon, because cross appeared on the next candle..
The mind, fear always looks for excuses. Discipline is essential when carrying out a system. Without discipline system is useless.
Put a stop loss, without fear. If you lose, you gain wisdom, that would analyze why, and if you win, confidence increases.
Do not expose the entire capital in a trade, so do not be afraid to lose. Better to lose a trade, to be undisciplined.

Right now I'm in red with EURJPY, in my case go too soon. Well then the stoploss will do its job.
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  • #1,992
  • Dec 12, 2014 4:47am Dec 12, 2014 4:47am
1.26750 In Eur / Usd is a scenario that we can see... I will follow the system and control that option, not sure atm.

Did you saw something like that in you analysis patron?
  • #1,993
  • Dec 12, 2014 4:52am Dec 12, 2014 4:52am
Quoting jstmzplsz
I gave it a shot, but as I said, I thought I'm wrong. It looks like this right now {image}
I see you had the stop well placed. You have to respect that. I repeat that without discipline no system works.
Think before you open a tradeafter no, unless mistake very clear.
If questions arise, only, and are within the system, why do not you turn back.
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  • #1,994
  • Dec 12, 2014 5:00am Dec 12, 2014 5:00am
Quoting Patron
{quote} I see you had the stop well placed. You have to respect that. I repeat that without discipline no system works. Think before you open a tradeafter no, unless mistake very clear. If questions arise, only, and are within the system, why do not you turn back.
EURAUD
Another thing, the crossing of moving averages is not really the trigger, the trigger is always the price action.
Sometimes we see the Moving Average Crossover is imminent, but the price action goes ahead. In those cases I do not expect the crossing, the price action preceded by a good volume, and market conditions are more important.
But other times, the crossover occurs, but the price action has not come, then it is better to wait until the price action.
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  • #1,995
  • Dec 12, 2014 5:00am Dec 12, 2014 5:00am
Quoting Patron
{quote} I see you had the stop well placed. You have to respect that. I repeat that without discipline no system works. Think before you open a tradeafter no, unless mistake very clear. If questions arise, only, and are within the system, why do not you turn back.

Understood. I'll do my best.
  • #1,996
  • Dec 12, 2014 5:05am Dec 12, 2014 5:05am
Quoting Alucard X
1.26750 In Eur / Usd is a scenario that we can see... I will follow the system and control that option, not sure atm. Did you saw something like that in you analysis patron?
I would close because there is a projection of 162% fibo, and coincides with a dynamic resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: EUCERRAR.PNG Size: 122 KB
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  • #1,997
  • Dec 12, 2014 5:35am Dec 12, 2014 5:35am
End of second attempt. +30
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 64 KB
  • #1,998
  • Dec 12, 2014 5:47am Dec 12, 2014 5:47am
Quoting Patron
{quote} I would close because there is a projection of 162% fibo, and coincides with a dynamic resistance. {image}
For today I was going to target eur usd to 1.2450 / May be 1.2456


I just asking 1.26750 for the next week may be, but we will see price action, for me is a possible scenario.
  • #1,999
  • Dec 12, 2014 5:57am Dec 12, 2014 5:57am
Quoting Alucard X
{quote} For today I was going to target eur usd to 1.2450 / May be 1.2456 I just asking 1.26750 for the next week may be, but we will see price action, for me is a possible scenario.
We can not know yet. It is a possibility. It depends on the type of correction, which, in turn, depend on the dollar.
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  • #2,000
  • Dec 12, 2014 6:06am Dec 12, 2014 6:06am
Quoting jstmzplsz
End of second attempt. +30 {image}
Very well done. I would not have done better. See? 30 pips. If you're not careful and pick another pair, you'd have 50 or 60 pips. Is it difficult?
Congratulations. It is a good example of traiding.

Yesterday I sent to see a trade of greenline, that were to see if you suspect it may be a strong trend (see timeframe higher), then manually, you can go by moving the stop loss (trailing stop) to take full advantage of this trend .

But that is fine.
Congratulations.

I never tire of saying, disciplined, this can be done every day.
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