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Dynamic Scalp System

  • #2,401
  • Jan 7, 2015 4:52am Jan 7, 2015 4:52am
EURAUD M5

My strategy today has changed a bit. I made very short scalping in some pairs, with few benefits, because I could not pinpoint the exact market condition.
My strategy with the EURAUD is based on the three tops, and continue with shorts.
The take profit is not fixed, I can change. The stoploss itself is fixed.
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  • #2,402
  • Jan 7, 2015 4:59am Jan 7, 2015 4:59am
Quoting Patron
EURAUD M5 My strategy today has changed a bit. I made very short scalping in some pairs, with few benefits, because I could not pinpoint the exact market condition. My strategy with the EURAUD is based on the three tops, and continue with shorts. The take profit is not fixed, I can change. The stoploss itself is fixed. {image}

I'm still copying you
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  • #2,403
  • Jan 7, 2015 5:07am Jan 7, 2015 5:07am
I am negative with JPY. Given the nature of correction higher degree (or so I think) the stop loss are quite far away, + capital management). The stop loss in these cases, use it as emergency stop loss. But would close the positions if radically changes the behavior of the price.
I still do scalping very fast very few pips, because I still find the exact market condition for scalping.
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  • #2,404
  • Jan 7, 2015 5:41am Jan 7, 2015 5:41am
Quoting Patron
EURAUD M5 My strategy today has changed a bit. I made very short scalping in some pairs, with few benefits, because I could not pinpoint the exact market condition. My strategy with the EURAUD is based on the three tops, and continue with shorts. The take profit is not fixed, I can change. The stoploss itself is fixed. {image}
EURAUD M5

Exit all short. Fibo + support
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  • #2,405
  • Jan 7, 2015 5:44am Jan 7, 2015 5:44am
EURUSD M5

eXIT 2 SHORTS
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  • #2,406
  • Jan 7, 2015 5:52am Jan 7, 2015 5:52am
EA +40
EU -8, +45
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  • #2,407
  • Jan 7, 2015 5:53am Jan 7, 2015 5:53am
EURJPY M5

exit shorts
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  • #2,408
  • Jan 7, 2015 5:54am Jan 7, 2015 5:54am
Quoting jstmzplsz
EA +40 EU -8, +45 {image} {image}

Well done! Quota fulfilled.
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  • #2,409
  • Jan 7, 2015 6:00am Jan 7, 2015 6:00am
Quoting Patron
{quote} Well done! Quota fulfilled.

Thank you That's right. I must admit that today's beginning of London session was tricky for me.
  • #2,410
  • Edited 6:47am Jan 7, 2015 6:06am | Edited 6:47am
USDJPY m5

I made the mistake of not following the system with the USDJPY. I'm paying around 100 (3x30) pips loss. But I do not close yet, because I think it will be easy to manage, and retrieve them, unless there is a drastic change in the market. For that I have one stop loss beyond the channel H4, and hedging.
Today I will touch more hours.

Now I have to go. Bye now.
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  • #2,411
  • Jan 7, 2015 6:14am Jan 7, 2015 6:14am
Quoting Patron
USDJPY m5 I made the mistake of not following the system with the USDJPY. I'm paying around 100 pips loss. But I do not close yet, because I think it will be easy to manage, and retrieve them, unless there is a drastic change in the market. For that I have one stop loss beyond the channel H4, and hedging. Today I will touch more hours. Now I have to go. Bye now. {image}
See you later Patron.
  • #2,412
  • Jan 7, 2015 6:34am Jan 7, 2015 6:34am
Quoting Patron
USDJPY m5 I made the mistake of not following the system with the USDJPY. I'm paying around 100 pips loss. But I do not close yet, because I think it will be easy to manage, and retrieve them, unless there is a drastic change in the market. For that I have one stop loss beyond the channel H4, and hedging. Today I will touch more hours. Now I have to go. Bye now. {image}
not to interrupt your trade...i know you have a plan.

My view on big picture still the same 119.47 as key level today and around one hour to go we have 2 red news that very close (usually the first one is for fake out for the true move from the second one - i might be wrong)

And PA seem waiting for this to drive the movement

P.S: i use local time
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While knowledge speak up, the wisdom listen down
  • #2,413
  • Jan 7, 2015 7:00am Jan 7, 2015 7:00am
Hola, Alucard X.
¿Cómo te va ?
¿Qué tal las fiestas?
Feliz Año Nuevo, por cierto.

Hello, Alucard X.
How's it going?
What about the holidays?
Happy New Year, indeed.
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  • #2,414
  • Jan 7, 2015 7:10am Jan 7, 2015 7:10am
GJ +35.

I need a break, see you later
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  • #2,415
  • Edited 9:11am Jan 7, 2015 7:14am | Edited 9:11am
Quoting jstmzplsz
GJ +35. I need a break, see you later {image}
Good reflexes!
bye now
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  • #2,416
  • Jan 7, 2015 9:14am Jan 7, 2015 9:14am
Quoting Patron
USDJPY m5 I made the mistake of not following the system with the USDJPY. I'm paying around 100 (3x30) pips loss. But I do not close yet, because I think it will be easy to manage, and retrieve them, unless there is a drastic change in the market. For that I have one stop loss beyond the channel H4, and hedging. Today I will touch more hours. Now I have to go. Bye now. {image}
Patron friend, how did you solve situation with UJ?
  • #2,417
  • Jan 7, 2015 9:26am Jan 7, 2015 9:26am
GJ M5

Expanding triangle confirmed by increasing volume.
I see it for the first time since I'm trading DSS and I already don't like it
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  • #2,418
  • Jan 7, 2015 9:28am Jan 7, 2015 9:28am
Quoting jstmzplsz
{quote} Patron friend, how did you solve situation with UJ?

I could already close to -65 pips. The overall of trades exceeds 170 pips, leaving me 100 pips profit.
I'm doing scalping short, reducing losses UJ.
So hopefully a new high, and if the pair does not intend to go down, then close.
Attached Image (click to enlarge)
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  • #2,419
  • Jan 7, 2015 9:30am Jan 7, 2015 9:30am
Quoting jstmzplsz
GJ M5 Expanding triangle confirmed by increasing volume. I see it for the first time since I'm trading DSS and I already don't like it {image}
Triangle expansive. Good point!
I hope to take short of this pair, probably.
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  • #2,420
  • Jan 7, 2015 9:33am Jan 7, 2015 9:33am
Quoting Patron
{quote} I could already close to -65 pips. The overall of trades exceeds 170 pips, leaving me 100 pips profit. I'm doing scalping short, reducing losses UJ. So hopefully a new high, and if the pair does not intend to go down, then close. {image}
100 pips in profit it's still very good

I was asking because I was wondering how I could manage such situations in future.
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