Any short-term tick / 10 sec scalpers??? | Page 11 | Forex Factory

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Attachments: Any short-term tick / 10 sec scalpers???
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Any short-term tick / 10 sec scalpers???

  • #201
  • Nov 6, 2015 10:38am Nov 6, 2015 10:38am
This is the joke: I missed the main motion (~150 pips), but won the rebound (~ 150 pips with multiple orders).
  • #202
  • Nov 6, 2015 10:54am Nov 6, 2015 10:54am
Quoting Billy888
{quote} Why? Everything was perfect!
That's why I asked, because right after your pending was triggered price moved opposite.

And once again GAP turned to positive!
Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2015.11.07_00h44m11s_016_.png Size: 232 KB

Wish you all a peaceful weekend.
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #203
  • Nov 6, 2015 11:04am Nov 6, 2015 11:04am
Quoting Billy888
This is the joke: I missed the main motion (~150 pips), but won the rebound (~ 150 pips with multiple orders).
Btw I think this has nothing to do anymore with scalping!

DEFINITION of 'Forex Scalping'
A trading strategy used by forex traders to buy a currency pair and then to hold it for a short period of time in an attempt to make a profit. A forex scalper looks to make a large number of trades and earn a small profit each time.

http://www.investopedia.com/terms/fo...asp?optm=sa_v2

Stay green and have a nice weekend.
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #204
  • Nov 6, 2015 11:04am Nov 6, 2015 11:04am
Quoting JibalaPasan
{quote} That's why I asked, because right after your pending was triggered price moved opposite. And once again GAP turned to positive! {image} Wish you all a peaceful weekend.
Ya, OK.
  • #205
  • Nov 6, 2015 11:16am Nov 6, 2015 11:16am
Finally some sweaty bucks from an ugly trade on the tired DAX. Entries come from rebounds.
Happy weekend to all!
Attached Image (click to enlarge)
Click to Enlarge Name: GetRichArt_2015.11.06 19:12:47.png Size: 180 KB
  • #206
  • Nov 6, 2015 11:51am Nov 6, 2015 11:51am
Quoting Billy888
Finally some sweaty bucks from an ugly trade on the tired DAX. Entries come from rebounds. Happy weekend to all! {image}
what is your max stop loss when scalping?

you exits are very risky, but you have found success nevertheless.
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 19.0%
  • #207
  • Nov 6, 2015 11:59am Nov 6, 2015 11:59am
Quoting Phil_GMT
{quote} what is your max stop loss when scalping? you exits are very risky, but you have found success nevertheless.
Yes, exit is crucial point. Too bad, I cannot give you exact criteria. Each trade is unique.
When I see that my bias clearly failed, I'm out. Trade is fully discretionary.
Fortunately, my bias used to be good usually.

PS: mostly I mark out a level in advance for exit if failed. This level came from tops/bottoms.
  • #208
  • Nov 7, 2015 12:29am Nov 7, 2015 12:29am
You seem to be quite successful with your trading. I just did not get, why you use the 10 or 12 second timeframe, when you have it so much condensed, that it won't show any additional detail in comparison to the M1. Also, your single trades often last hundreds of candles on such fine timeframe. Did I miss anything that makes the 12 second timeframe an advantage for you?
Attached Image (click to enlarge)
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  • #209
  • Edited 5:16am Nov 7, 2015 5:06am | Edited 5:16am
Quoting Halley
You seem to be quite successful with your trading. I just did not get, why you use the 10 or 12 second timeframe, when you have it so much condensed, that it won't show any additional detail in comparison to the M1. Also, your single trades often last hundreds of candles on such fine timeframe. Did I miss anything that makes the 12 second timeframe an advantage for you? {image}
Oh yes, I think you missed the whole thing. You say it doesn't show any additional details in comparison to the M1. I say, it does.
Which timeframe shows more details, H1 or M15? Right?
Of course, there is a limit: for example 1 sec is not so good (but, if there was no spread, then 1 sec would be pretty good as well).
My pictures speak for itselves. 12 seconds is just one thing. I use Heiken Ashi candles too. 12 sec + HA candles = extremely comfortable settings for me.
M1 is too much. M1 eats up the important details. M1 eats up the price-dynamic.
On some pictures you can see that I could catch the optimal exit. That is price-dynamic.
Other thing: on M1 there are some choppy candles. However, on 12 sec there is a double bottom. Right?
On M1 time frame I could not trade so efficiently as on 12 sec+HA.
Why 12? Why not 10 or 14? Really I do not know. Well-tried.
  • #210
  • Nov 7, 2015 8:27am Nov 7, 2015 8:27am
I have no problem that you are more comfortable with the fine timeframe, I am scrolling through many settings to find out which one fits me well for current conditions and I may change it when volatility changes.
But when I take a look at your last DAX chart, could you explain, how did you recognize the entries, if they were related to a candle pattern? It is not quite typical range trading from my point of view, you did not revert any trade when break appeared, but rather you added to the trade multiple times at some (defined?) levels.
  • #211
  • Nov 7, 2015 8:56am Nov 7, 2015 8:56am
That was an "ugly trade on a tired instrument", as I wrote. Trades came from rebounds, but I waited some candles in upward before enter, because the clear momentum has already ended. My bias was strong in up direction. First entry was at round number. Then price went lower, but my bias said it will come back to the round number. And it did.
It was not a typical and beautiful trade. I felt that I can win some pips from it finally, at the end of the day.
Anyway, there were 4 more entry possibilities after my last order (2 break out, 2 rebounds), but since the clear momentum has ended, I did not enter them.
  • #212
  • Nov 7, 2015 12:09pm Nov 7, 2015 12:09pm
it looks lie you are on a winning streak, I think you can trade at 100-150 max leverage, if u can keep it up for 800 pips u could be trading big lots in a month.

you've already made hundreds of pips in a fortnight with minimal drawdown. you got good intuition.

I wouldn't waste anymore time trading small.

If you make another 500 pips in the same way you have over this month, it would be good, but an opportunity missed if you don't use the leverage.

GO FOR IT!!!
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 19.0%
  • #213
  • Nov 7, 2015 1:05pm Nov 7, 2015 1:05pm
Hi Phil,
I think all things have its own time. Very important: feel yourself comfortably during trading. I want more confidence.
When I find that trading is boring for me and no fear at all, my lots will increase surely. Currently this is my comfort-zone.
  • #214
  • Nov 8, 2015 5:45am Nov 8, 2015 5:45am
Hi Billy888.
Thx for the information about your trading style. I`ve read the whole thread and didn`t find any clues how to create 12s chart in MT4 platform without using DonFX EA.
Are there any other methods how to get such kind of chart?
  • #215
  • Nov 8, 2015 12:56pm Nov 8, 2015 12:56pm
Quoting JibalaPasan
{quote} That's why I asked, because right after your pending was triggered price moved opposite. And once again GAP turned to positive! {image} Wish you all a peaceful weekend.
love your setup!
  • #216
  • Nov 8, 2015 2:30pm Nov 8, 2015 2:30pm
Quoting fads
Hi Billy888. Thx for the information about your trading style. I`ve read the whole thread and didn`t find any clues how to create 12s chart in MT4 platform without using DonFX EA. Are there any other methods how to get such kind of chart?
Hi fads, I only know and use the GetRichArt. I'm really satisfied with it.
  • #217
  • Edited 4:42am Nov 9, 2015 4:05am | Edited 4:42am
Monday market (so far), ugly trades. TPs were preset.
Attached Image (click to enlarge)
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  • #218
  • Nov 9, 2015 8:42am Nov 9, 2015 8:42am
Let me show you what I was talking about, when I said that there is a big difference between 1m and 12sec.
Look at this picture. These are the same situation.
Can you see the double bottom on the 1 minute chart? I can't. On 12 seconds chart I can see a beautiful double bottom.
Attached Image (click to enlarge)
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  • #219
  • Nov 9, 2015 8:51am Nov 9, 2015 8:51am
Quoting Billy888
Let me show you what I was talking about, when I said that there is a big difference between 1m and 12sec. Look at this picture. These are the same situation. Can you see the double bottom on the 1 minute chart? I can't. On 12 seconds chart I can see a beautiful double bottom. {image}
its how you read the different TF's. On the 1 min the H got broken at the 5th attempt; so you see a breakout. On the sec chart; you see it coming that there will be a possible break of the H (because of the double L). But I believe in both case the entry would be round around the same price. On the tick chart you would see it differently and you actually you scalp a small trade (depending on ur spread) right after the first L. At the second L you would do the same entry as the first entry and ride the BO, well before 1min or 12sec guys come in.

Try and scalp on the 1 sec TF and watch the different between 1 and 12sec. Entries will be sooner, but riskier as well (so use less leverage, but more you can do more trades)....all depends on your RR profile I guess.
  • #220
  • Nov 9, 2015 9:09am Nov 9, 2015 9:09am
Quoting FlashCall
{quote} its how you read the different TF's. On the 1 min the H got broken at the 5th attempt; so you see a breakout. On the sec chart; you see it coming that there will be a possible break of the H (because of the double L). But I believe in both case the entry would be round around the same price. On the tick chart you would see it differently and you actually you scalp a small trade (depending on ur spread) right after the first L. At the second L you would do the same entry as the first entry and ride the BO, well before 1min or 12sec guys come...
On m1 chart I cannot trade. I need to see the "evolution of the move". 12 seconds chart shows it pretty clear.
1 sec chart is too twitchy for me, not comfortable.
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