Scalping when retrace to dragon and continue the trend{image} {image}
PVSRA Scalping with Cigarguy
- #4,941
- Oct 18, 2016 6:50pm Oct 18, 2016 6:50pm
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
- #4,942
- Oct 18, 2016 6:52pm Oct 18, 2016 6:52pm
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
- #4,943
- Oct 18, 2016 6:58pm Oct 18, 2016 6:58pm
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
A standard wrong trade, buy high sell lowCheated by the volume crossing whole level
EJ reached H4 lowest, shouldn't trade when trend is not clear
For the 2nd one, I understand that you entered because PA has broken Dragon upwards with high volume, unfortunately it didn't go well. As you said, I think the trend wasn't very clear.
- #4,944
- Edited Oct 19, 2016 1:28am Oct 18, 2016 7:03pm | Edited Oct 19, 2016 1:28am
- Joined Jun 2016 | Status: Trader | 2,402 Posts
{quote} For the 1st one, I think you targeted the rebounce after PA got close to key level 114.000. Not bad as you made profit. For the 2nd one, I understand that you entered because PA has broken Dragon upwards with high volume, unfortunately it didn't go well. As you said, I think the trend wasn't very clear.
PS: the retrace coming...
PS: Get money back with some pips
PS: Risky playing with the retrace
Be a spectator, not a player
- #4,945
- Oct 18, 2016 11:53pm Oct 18, 2016 11:53pm
USDJPY M1 +50PIPS (avg. +5pips @10LOTS)
First FIFO trade of the day... if it wasn't FIFO i would have given my pips back (MM's got plenty of them...they won't get mine)
- Bearish trend from M1 till H1
- Dragon nose & 200EMA pointing down
- Price broke the S&R area
- Notable increase in volume
I could have entered this trade after it retraced back to the Dragon (i was reading the FF posts
First FIFO trade of the day... if it wasn't FIFO i would have given my pips back
(MM's got plenty of them...they won't get mine)- Bearish trend from M1 till H1
- Dragon nose & 200EMA pointing down
- Price broke the S&R area
- Notable increase in volume
I could have entered this trade after it retraced back to the Dragon (i was reading the FF posts
- #4,950
- Oct 19, 2016 1:43am Oct 19, 2016 1:43am
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
- #4,951
- Oct 19, 2016 1:44am Oct 19, 2016 1:44am
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
- #4,952
- Oct 19, 2016 1:44am Oct 19, 2016 1:44am
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
- #4,953
- Oct 19, 2016 2:44am Oct 19, 2016 2:44am
- Joined Jun 2016 | Status: Trader | 2,402 Posts
Scalping while waiting for the news
Be a spectator, not a player
- #4,954
- Edited 4:09am Oct 19, 2016 3:24am | Edited 4:09am
- Joined Jun 2016 | Status: Trader | 2,402 Posts
Stop hunt for bear to dragon, then return to trend
Be a spectator, not a player
- #4,955
- Oct 19, 2016 3:59am Oct 19, 2016 3:59am
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
Scalping while waiting for the news
- #4,956
- Edited 4:32am Oct 19, 2016 4:12am | Edited 4:32am
- Joined Jun 2016 | Status: Trader | 2,402 Posts
{quote} wow, awesome! a lot of great trades going on there!
Yep. I took positions early As, when volume is high at bottomSorry it is UJ, I didn't take EJ, reason above
Be a spectator, not a player
- #4,958
- Oct 19, 2016 6:21am Oct 19, 2016 6:21am
Hello Guys/gals,
I've been stalking this thread silently for awhile now, and it has given me lots of inspiration as well as encouragement. I've been scalping for about 3 months now.. however my successful trades has been lesser than my losing trade.
Wanted to ask a couple of questions for my understanding, and perhaps a TLR post, or a rule book? Trading/scalping isnt something mechanical i understand, but i think its better to have some pointers to abide by and try and filter out as many poor entries as possible.
Basically a trigger would consist of something like this.
1. Dragon pointing upwards towards 1-2 o'clock for Buy entries, Dragon pointing downwards towards 5-4 o'clock for Sell entries. Avoid 2:30 - 3:30 Dragon.
2. Volume supporting the move based on the direction of the dragon.
3. Wait for retrace to the dragon, wait for volume to start picking up and reversing back to the original trend direction.
4. Open position.
Any other pointers i should add? Where should stops be placed? Or stops don't get placed, and we should cut manually when the position moves against us?
Do we maintain a R:R ratio? Say, target is 5 pips, our stop should be 2, 2.5 pips?
I've been stalking this thread silently for awhile now, and it has given me lots of inspiration as well as encouragement. I've been scalping for about 3 months now.. however my successful trades has been lesser than my losing trade.
Wanted to ask a couple of questions for my understanding, and perhaps a TL
R post, or a rule book? Trading/scalping isnt something mechanical i understand, but i think its better to have some pointers to abide by and try and filter out as many poor entries as possible.Basically a trigger would consist of something like this.
1. Dragon pointing upwards towards 1-2 o'clock for Buy entries, Dragon pointing downwards towards 5-4 o'clock for Sell entries. Avoid 2:30 - 3:30 Dragon.
2. Volume supporting the move based on the direction of the dragon.
3. Wait for retrace to the dragon, wait for volume to start picking up and reversing back to the original trend direction.
4. Open position.
Any other pointers i should add? Where should stops be placed? Or stops don't get placed, and we should cut manually when the position moves against us?
Do we maintain a R:R ratio? Say, target is 5 pips, our stop should be 2, 2.5 pips?
