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Attachments: Simple trading: levels and price action (mainly on DAX)
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Simple trading: levels and price action (mainly on DAX)

  • #21
  • Jan 25, 2016 9:48am Jan 25, 2016 9:48am
Meanwhile my original TP has been hit ..
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChart_2016.01.25 17:46:28.png Size: 108 KB
  • #22
  • Jan 25, 2016 9:52am Jan 25, 2016 9:52am
Quoting Billy888
Meanwhile my original TP has been hit .. {image}

whats max DD youve seen with this type of trading?
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #23
  • Jan 25, 2016 10:08am Jan 25, 2016 10:08am
Quoting Soros
{quote} whats max DD youve seen with this type of trading?
DD is independent from the trading method (levels, break out, rebound).
It depends on your trading style, i.e. how many trades you open.
You can open only 1 trade >>> little DD, little profit.
Or, more trades, as I do (when price reaches a significant level and I newly open) >>> bigger DD, bigger profit.
Here is a bigger DD (anyway, not so typical).
  • #24
  • Jan 25, 2016 10:39am Jan 25, 2016 10:39am
Newer +125 pips.
I did not expect that price broke the daily low (no trigger, market is lazy), so I was composed when a few pips went below the daily low.
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChart_2016.01.25 18:31:37.png Size: 155 KB
  • #25
  • Jan 25, 2016 10:48am Jan 25, 2016 10:48am
Quoting Billy888
Newer +125 pips. I did not expect that price broke the daily low (no trigger, market is lazy), so I was composed when a few pips went below the daily low. {image}
Fortunately, I adjusted sl in the right moment to take the wonderful upswing without being stopped out .
  • #26
  • Jan 25, 2016 10:56am Jan 25, 2016 10:56am
Quoting lialua
{quote} Fortunately, I adjusted sl in the right moment to take the wonderful upswing without being stopped out .
Luck is one of the trader's friends.
But, less luck, more experience.
  • #27
  • Jan 25, 2016 11:00am Jan 25, 2016 11:00am
Quoting Billy888
{quote} Luck is one of the trader's friends. But, less luck, more experience.
Still on my way there, but a master never just drops from the sky.
  • #28
  • Jan 25, 2016 11:21am Jan 25, 2016 11:21am
+65 pips.
Today summary is more than +300 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChart_2016.01.25 19:15:25.png Size: 145 KB
  • #29
  • Jan 25, 2016 11:42am Jan 25, 2016 11:42am
(My thread has been moved to the commercial section. But why? Cause I do use a commercial expert? This is the best tool for my style, so I do have to use it.
OK, no problem FF guys!)

All right, I use DonForex ScalperChart for MT4, the best tool for this trading style on Metatrader4!

OK, after it let's focus the trades!

(Anyway, being a commercial content, may I ask money for my posts? )
  • #30
  • Jan 25, 2016 11:57am Jan 25, 2016 11:57am
While I was annoyed, there was a great break out.
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Click to Enlarge Name: ScalperChart_2016.01.25 19:52:20.png Size: 131 KB
  • #31
  • Jan 25, 2016 11:16pm Jan 25, 2016 11:16pm
Thanks Billy for great Information. i will post my charts also.
  • #32
  • Jan 26, 2016 4:01am Jan 26, 2016 4:01am
Quoting jeetvirk
Thanks Billy for great Information. i will post my charts also.
Hi jeetvirk! Great, show your charts!
  • #33
  • Jan 26, 2016 4:02am Jan 26, 2016 4:02am
This is how I can see:
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Click to Enlarge Name: ScalperChart_2016.01.26 11:58:58.png Size: 115 KB
  • #34
  • Jan 26, 2016 4:43am Jan 26, 2016 4:43am
OK guys, +90 pips in the pocket (break out from daily high).
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChart_2016.01.26 12:35:54.png Size: 160 KB
  • #35
  • Jan 26, 2016 4:52am Jan 26, 2016 4:52am
9690? That line I missed!
Gravity goes both ways in forex...
  • #36
  • Jan 26, 2016 4:55am Jan 26, 2016 4:55am
Quoting max pips
9690? That line I missed!
There is a level (not so significant, but level) ..
When there is no intraday level (break out from daily high/low), we need to find something significant target.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ScalperChart_2016.01.26 12:53:19.png Size: 120 KB
Click to Enlarge Name: daxm30.png Size: 17 KB
  • #37
  • Jan 26, 2016 5:02am Jan 26, 2016 5:02am
I got out at the same place but my line was at 9700. I still find picking the right lines without flooding the page and making the page look like a pink mess difficult.
Gravity goes both ways in forex...
  • #38
  • Jan 26, 2016 5:07am Jan 26, 2016 5:07am
Round number ..
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Click to Enlarge Name: ScalperChart_2016.01.26 13:06:08.png Size: 124 KB
  • #39
  • Jan 26, 2016 5:14am Jan 26, 2016 5:14am
Quoting max pips
I got out at the same place but my line was at 9700. I still find picking the right lines without flooding the page and making the page look like a pink mess difficult.
Generally I use orchid/pink line for the main significant levels, and use the white lines for the smaller, local levels.
  • #40
  • Jan 26, 2016 5:21am Jan 26, 2016 5:21am
Round number again .. I missed, did anyone catch it?
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChart_2016.01.26 13:19:18.png Size: 124 KB
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