Almost hit several times 
For my fallen angels.
{quote} Yes, it's a 1 pip range chart but no in mt4. The plataform that Big_A use is Jforex. Jforex is a plataform of Dukascopy. Sorry for my bad english.
thank u and your english is fine
I use MT4 and this is an image of my 1 tick range bar chart. It can be done, and it can be done profitably. I don't necessarily trade like Big A does. What I've found with this, is trades can go anywhere from obviously losing to on the positive side, 1 to 10 pips @ a time. The key, like any trading, but certainly with such a quick time frame is to be able to filter out the noise. Big A has a way that works for him. Thank you for sharing this. I always love threads that seem to be counter the conventional way of thinking. {image}
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First rule is not to lose. Second rule is not to forget the first rule...
- #112
- Dec 13, 2014 11:52pm Dec 13, 2014 11:52pm
- Joined Oct 2011 | Status: Trader | 1,418 Posts
Small disciplines repeated with consistency lead to great achievements.
I use MT4 and this is an image of my 1 tick range bar chart. It can be done, and it can be done profitably. I don't necessarily trade like Big A does. What I've found with this, is trades can go anywhere from obviously losing to on the positive side, 1 to 10 pips @ a time. The key, like any trading, but certainly with such a quick time frame is to be able to filter out the noise. Big A has a way that works for him. Thank you for sharing this. I always love threads that seem to be counter the conventional way of thinking. {image}
of all players emotions) and I am trading that. When price moves I know that it can move both ways. It allows me to discard the trade (close position) immediately if I am not in profit and not expect / stick with price.
For my fallen angels.
{quote} I traded 1 pip range bars chart for a long time and a 1 pip chart is quite always very noisy like this: {image}
The trick here and I think being profitable altogether is to pick the right moment to trade. First, I pick instrument that is on the move (i.e. could oil now, USDJPY or DAX30) and then wait for crystal clear hype or despair thing. Look at the 1 h price charts below and see the difference. First is OIL, second is AUDJPY.
For my fallen angels.
{quote}{quote} ehi, there is no reason to be so unpleasant... and you really believe to be able to trade 1 tick range bars chart? It moves fastest than your eye balls...
This is really important notice about the price movement - it can move both sides. And here is the tricky part. We tend to think in terms, or actually, symbols. We also as a humans want to live in coherent world so we place our symbols to respective shelves. We try to keep strict organization. So when we call something like "trend" it affects how we are going to behave / act. Trend as a symbol / meaning forms some kind of an expectation of the continuity and this is where many traders fail. They expect price to behave in coherent / predictable way. And that is the mistake. Price is just a function of human emotions (the sum and a bit more
of all players emotions) and I am trading that. When price moves I know that it can move both ways. It allows me to discard the trade (close position) immediately if I am not in profit and not expect / stick with price.Well said. To piggy-back that - I believe it all comes down to expectations. When I enter a trade, for whatever reason, when I attach my expectations to the outcome, I put myself at risk. "I expect price to run up, x amount of pips from here...." or whatever - then I can get married to that outcome. When things don't go as I expect, I have to either stick to my guns and try to hold onto to those expectations and outcomes - OR I can 'discard' and play again. I have lost more money in my life because I 'believed' a certain outcome should have happened, instead of just focusing on being excellent @ executing and letting outcomes be whatever they may be.
Trading I find is a lot like trying to hit a baseball. I won't hit the ball every time I swing. I can however focus on having good form and a good approach @ the plate. If I can be consistent in my approach - every now and then, my approach will lead to a hit. Sometimes the hit will be a single, a double and so on. I don't ever know until it's happened. Same thing with trading. I won't win with every trade. But I can have a good approach, be consistent with my money management, and every now and then, I'll get a hit that more than makes up for my swinging and missing.
{quote} Trading I find is a lot like trying to hit a baseball. I won't hit the ball every time I swing. I can however focus on having good form and a good approach @ the plate. If I can be consistent in my approach - every now and then, my approach will lead to a hit. Sometimes the hit will be a single, a double and so on. I don't ever know until it's happened. Same thing with trading. I won't win with every trade. But I can have a good approach, be consistent with my money management, and every now and then, I'll get a hit that more than makes...
For my fallen angels.
So as the new year is coming it's about a time to change extreme scalping to more moderate scalping using 1 min / 15 min charts. Besides other things I have new family member - hunting dog and she needs more time and more actions besides sitting and watching me in front of the monitor.
Also I will be using alternative account on MT4 platform
Happy fests and good luck in trading to all.
A.
Also I will be using alternative account on MT4 platform
Happy fests and good luck in trading to all.
A.
For my fallen angels.