Wiz Index | Page 30 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

USD Index Chart Not USD Index Indicator 2 replies

US Dollar Index + AUD, CAD, CHF, EUR, GBP, NZD, JPY Dollar Index Indicators 22 replies

JPYX index like USDX index.. 3 replies

MT4 with USD index, DownJone index and Gold 12 replies

For The Wiz 4 replies

Attachments: Wiz Index
Exit Attachments

Wiz Index

  • #581
  • May 30, 2017 5:33pm May 30, 2017 5:33pm
Quoting ibraoss
{quote} thank you bro .i have 200$ in account what the best lot for scalping for 200$ bro . of cours in the bigening i will start with small lots such 0.01 standar account .but what do you thing the best lote for you brother
You have to find your own "pain threshold". How often are you wrong? How late or early are you usually? How much drawdown will you typically have to suffer? What if you are just wrong? Can you deal with it?

I started trading my new MT5 account with 0.1 lots and I had a balance of 150. I even opened multiple positions at the same time (same currency pair) but that probably isn't a good idea.
Indentify > Plan > Accept > Execute
  • #582
  • May 30, 2017 5:37pm May 30, 2017 5:37pm
Quoting wizlon32
{quote} You have to find your own "pain threshold". How often are you wrong? How late or early are you usually? How much drawdown will you typically have to suffer? What if you are just wrong? Can you deal with it? I started trading my new MT5 account with 0.1 lots and I had a balance of 150. I even opened multiple positions at the same time (same currency pair) but that probably isn't a good idea.
yes you rieght broder hope you creat a video for us it will be a big fiver for all keep up
  • #583
  • May 30, 2017 7:29pm May 30, 2017 7:29pm
Quoting wizlon32
{quote} The eagle-eyed among you will probably notice that I often do leave a lot of pips on the table. A couple of reasons for that; 1. I'm working (proper job) so I'm happy to take what I can when I can. 2. It helps with my win rate / reduces losing trades. 3. The average win from those trades was about 40 pounds so I don't need to be greedy. A few of those a day is all I need. 4. In and out = less stress

I agree with you. The more pips you try to take from the market the more likely you are to lose pips.

When i I say "lose pips" I mean losing profitable or negative pips.

Also, as you say, the longer your trade is in the market the more likely you are to lose pips as well.

5 pips is easier to take from the market than 6 pips just to hit on your point

This is one reason I feel very strongly about using a set TP because I know exactly what to expect from all my trades. This way I'm also not risking losing pips trying to guess when the market will reverse or by using a trailing SL.

Again, as you say, less stress is necessary in trading. Whatever gives you less stress is very important. Traders need to find what gives them less stress in their trading. Is it less lot size risk on your trades? Less TP and SL pips? Trading less? Trading more? A calm and confident trader is more likely to succeed to one that is not.
  • #584
  • May 31, 2017 3:06pm May 31, 2017 3:06pm
Quoting wizlon32
A few trades from today. As you can see I do tend to leave a lot on the table but less time in the trade means less risk of losing. Green circles are long trades. Red is short. Yellow lines show what is influencing my decisions. Volume and wicks is my favourite signal! Volume and wicks can make you rich haha {image}
Priceless my Friend
  • #585
  • May 31, 2017 4:31pm May 31, 2017 4:31pm
Quoting wizlon32
{quote} New account 150 to 1035 in about 8 trading days. So far so good I opted for MT5 so I could see 2 charts simultaneously on my phone. If anyone knows of a volume candles indicator for MT5 I would love to know about it. Hope the rest of the scalpers here is still doing well too! {image}
33 Hours on and it is a different picture, but still looking good! I have been playing around with the camtasia software and I think it will be good once I really get to grips with it. Seems to flicker when I try to play videos back though - not sure if this is deliberate because it is a trial version. Hopefully I will work it out. Tomorrow morning I should have the rare pleasure of trading the London open.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 9 KB
Indentify > Plan > Accept > Execute
  • #586
  • May 31, 2017 5:01pm May 31, 2017 5:01pm
Quoting wizlon32
{quote} 33 Hours on and it is a different picture, but still looking good! I have been playing around with the camtasia software and I think it will be good once I really get to grips with it. Seems to flicker when I try to play videos back though - not sure if this is deliberate because it is a trial version. Hopefully I will work it out. Tomorrow morning I should have the rare pleasure of trading the London open. {image}
god bless you and give you more and more .
iam in loss this day .you have to make a video bro to help us hhhhh
  • #587
  • Edited 5:21pm May 31, 2017 5:05pm | Edited 5:21pm
Quoting ibraoss
{quote} god bless you and give you more and more . iam in loss this day .you have to make a video bro to help us hhhhh
I will do my best. I have said it now so I promise it will come. In the mean time think about what I have told you so far in this thread and take a look at today's Dax chart. Do you see the opportunities that were there?
Actually look at any chart and try to make sense of things using volume. Look at different time frames. See how the M1 volume can add weight to HTF analysis. I recommend looking at Wab's threads to understand his SETUP strategy (if nothing else). Add that to a knowledge of volume the way we do it here and you might just have the golden goose.
Indentify > Plan > Accept > Execute
  • #588
  • May 31, 2017 6:47pm May 31, 2017 6:47pm
Quoting wizlon32
{quote} I will do my best. I have said it now so I promise it will come. In the mean time think about what I have told you so far in this thread and take a look at today's Dax chart. Do you see the opportunities that were there? Actually look at any chart and try to make sense of things using volume. Look at different time frames. See how the M1 volume can add weight to HTF analysis. I recommend looking at Wab's threads to understand his SETUP strategy (if nothing else). Add that to a knowledge of volume the way we do it here and you might just...
thank yoi bro i will do my best iam jobless and i try to mad forex my work.
first what HTF analysis and what wab's threads ? hhhhhh can i find them in youtube to anderstand what they are
  • #589
  • May 31, 2017 8:40pm May 31, 2017 8:40pm
Quoting ibraoss
{quote} thank yoi bro i will do my best iam jobless and i try to mad forex my work. first what HTF analysis and what wab's threads ? hhhhhh can i find them in youtube to anderstand what they are
https://www.forexfactory.com/showthr...94#post9929994
  • #590
  • May 31, 2017 8:46pm May 31, 2017 8:46pm
Quoting Ss45
{quote} https://www.forexfactory.com/showthr...94#post9929994
Thank you Ss45 .feall like iam in a big famille her
  • #591
  • May 31, 2017 11:30pm May 31, 2017 11:30pm
Quoting wizlon32
{quote} I will do my best. I have said it now so I promise it will come. In the mean time think about what I have told you so far in this thread and take a look at today's Dax chart. Do you see the opportunities that were there? Actually look at any chart and try to make sense of things using volume. Look at different time frames. See how the M1 volume can add weight to HTF analysis. I recommend looking at Wab's threads to understand his SETUP strategy (if nothing else). Add that to a knowledge of volume the way we do it here and you might just...
I love Wab's SETUP thread and trying to mold it my way since his SETUP is almost similar to the my style (Quasimodo and S&D). I have found that trading the high volume wicked candles (M1) near the HTF S&D, SR can be really profitable with minimum risk. On this UJ trade I waited for the high volume wicks near the HTF demand zone and the SL was just behind the round number. This thread has caused some really nice AHA moments for me !
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-06-01_0949.png Size: 51 KB
  • #592
  • May 31, 2017 11:38pm May 31, 2017 11:38pm
The LTF S&D zones can be traded as well.
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-06-01_1006.png Size: 40 KB
  • #593
  • Jun 1, 2017 12:21am Jun 1, 2017 12:21am
UJ Short at a supply and with volume
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-06-01_1047.png Size: 41 KB
  • #594
  • Jun 1, 2017 1:40am Jun 1, 2017 1:40am
Quoting Baymax07
UJ Short at a supply and with volume {image}
Nice trading Baymax and good clear posts, thank you. I am currently long UJ.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 41 KB

Initially I was draw in by one of Wab's SETUPs on M5. Personally I would prefer to stalk an entry at point P but I came late and was luck enough to catch my entry at point E on a pullback.

For those who don't understand you can read all you need on page 1 of his new thread. I don't want to go in to too much details about it here.
Indentify > Plan > Accept > Execute
  • #595
  • Jun 1, 2017 1:46am Jun 1, 2017 1:46am
Something like this could play out on UJ H1. Identifying these is really easy once you understand market structure (HH/LL/HL/LH).

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 38 KB
Indentify > Plan > Accept > Execute
  • #596
  • Jun 1, 2017 1:56am Jun 1, 2017 1:56am
EU m1 Took entry when volume increase above demand area, tp 1 at first resistance +8.7 second half trailing at each resistance broken.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.JPG Size: 1.0 MB
There is no way to happiness , happiness is the way.
  • #597
  • Jun 1, 2017 2:08am Jun 1, 2017 2:08am
Quoting wizlon32
{quote} Nice trading Baymax and good clear posts, thank you. I am currently long UJ. {image} Initially I was draw in by one of Wab's SETUPs on M5. Personally I would prefer to stalk an entry at point P but I came late and was luck enough to catch my entry at point E on a pullback. For those who don't understand you can read all you need on page 1 of his new thread. I don't want to go in to too much details about it here.
Wonderful trade! Wondering what your stop on these trades. My stop would have been 1 pip below the box.
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-06-01_1236.png Size: 44 KB
  • #598
  • Jun 1, 2017 2:39am Jun 1, 2017 2:39am
Quoting Ockham
EU m1 Took entry when volume increase above demand area, tp 1 at first resistance +8.7 second half trailing at each resistance broken. {image}
Nice Ockham! Thanks for sharing.
Indentify > Plan > Accept > Execute
  • #599
  • Jun 1, 2017 2:49am Jun 1, 2017 2:49am
Quoting Baymax07
{quote} Wonderful trade! Wondering what your stop on these trades. My stop would have been 1 pip below the box. {image}
I wasn't using a SL. My analysis of the longer term M1/M5 volume gave me confidence that it was going up.

I agree that your SL placement would be good. For me though, depending on what I could see playing out I might be happy to add more positions until such time as it broke the LL in the circle. So SL below there I guess.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 36 KB

I was hoping to try to ride this trade for longer but I ended up closing.
Indentify > Plan > Accept > Execute
  • #600
  • Jun 1, 2017 2:57am Jun 1, 2017 2:57am
Some Dax trades just shortly after London Open. 230 pounds profit just for basically getting out of bed!

1,3 and 4 are long. 2 is short. I'm not getting on very well with camtasia trial version. I'm sure the paid version is awesome but I'm going to try something else.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 40 KB
Indentify > Plan > Accept > Execute
0 traders viewing now