Oh no, that I was not being critical at all - of course nothing is 100%, otherwise some people are millionaires very quickly!Originally Posted by ;
However, I am not really with you about not taking a trade within the lines - in case one is fairly confident that price will probably bounce off falling/rising support? I took 5 pips on GBPAUD along with the price had come back into the box but bounced off decreasing resistance (ema)
P.S. I got hit by this spike but recovered!
Yes if you are using EMA`S as dynamic supp/ress you can of course carry transactions of other signals,but for the inside bar alone I shut as soon as they fail...I have 10-35-50-100 and 200 EMA on my charts and use them a lot for supp/ress around the 3 minutes,however on 1 minute...I typically use the 50 sometimes as a trigger for MOMO scalps with linear regressionshortterm trend I am adding the ichi track for fashion 1-4 Hour,Daily and Weekly 16 arrows total and will attempt to keep my transactions with majority of arrows in addition too currencie strenght and the shorterm trends....Its good too follow the entire trends too...
Thank you for showing your template. Certainly you ought to do something right because your TE doesn't lie! Your results are exceptional and like Profitfarmer you're (I believe ) carrying 1 - 3 quick pips out of the market in your trades that are obviously highly leveraged that is constructing your account balance very nicely indeed. I note also that your losses are always very small - I presume that you're closing the transaction if, and as soon as, the price goes back to the box. An extremely clever strategy indeed and it obviously works! Done.
I am using very similar ema worth but I am using tram lines which is basically the same ema value set to the high and the low. Then I am also using ema cross (one can use 5/8 or 6/12 whatever one prefers). Anyway what I mean to do now is use your exceptional indi's and strategy in my chart. Well in fact I started on Friday and increased my account balance by 10% which is OK IMHO for a single day's trading!
Anyway thanks again. Your contribution has been really welcome and appreciated.
Thank you a lot,but I dont belive I will be able too profit 3-4percent a day daily it will be loosing days/mayby weeks,but as you state I shut my losses quickly 0.5-3 pips based on pairs exchanged,but have as said before dead mans cease at 5pips. . .Too make profits of 1-3 pips pr trade generally you need a winrate over 60-70percent if I can keep it over 65% I am happy I am at 83 now on a little over 70 trades,but I dont think I will be able too keep that for say a 1000 trades. . .There will be losses,loosing days,weeks,but have to keep them at the minimum...I trade way smaller lots now than I used too before I constantly traded 1% pr pip on 500 account I traded 0.5 lots onto a 600...0.6 and soo on,but too be able too average on reversals I need smaller lots...I actually dont care abaut% profit ore dollars profit its abaut green pips too me as long as there are green pips you can trade maximum leverage constantly and still not loose,but gain a lot....There are no laws saying that you cant make 2000 of a 500 account in a day 50-100 pips and you can be way past that you need too take the blow up if occurs,but if consistant on green pips which won't happen. . .Profitfarmer are far better than me too take more pips pr commerce I think hes targets are 3-10 pips he told me once,but now I am about the 1 second its easier for me too get more pips pr trade also...I wish one of the very best trading my own indis and dont be afraid too ask if wondering anyting....Keep it green
Thanks. Yes makes sense to trade lower risk I suppose especially when one is not using a fixed stop reduction as a rule except bale-out final end of course and 5 pips seems good.
Actually I'm wondering about your own broker. Do they add commission to a trade? Tickmill charge around.5 of a pip but of course the spreads are good especially on the more exotic crosses. So on GBPAUD (for instance) the disperse including commision adds up to just over 2 pips. That is a lot more then EU however, the price generally moves a dreadful lot quicker! I notice that you are trading the more popular pairs like GU, EU, UJ, UC - do you think it's better to scalp slower moving but reduced spread trading pairs?
My expertise with scalping EURUSD is not good - I think that it's quite exploited by the big boys to wash out smaller fish if they could. I do prefer EURCAD. Comparing the two early european morning charts from yesterday's quite revealing - EURCAD the much cleaner and nicer chart and had 3 amazing entry points for a couple of fine pips. Of course it was a lot more bearish!
you may PM me abaut my broker and I will refer you. . .They have mended commision at two dollars pr lot for V.I.P its own for clients with over 25000 deposit,but should I refer you get the V.I.P on ECN account 200 dollars deposit minimum its 4 dollar pr lot regular....And deposit is by bitcoin ore wiretransfer. . .withdrael is with PAYPAL. . .They have offices in London soo they aren't some offshore brokers,but have stayed unregulated doo too the ESMA`S maximum leverage bullshit soo leverage is 200:1 changeble overly 400:1 in chat...I have talked too lots of clients and nobody with any troubble with them whatsoever. . .Been in buisness since 2012...I got a pm from a man here on FF he needed IB refferal too get ultralow commision two dollars pr lot and I did and he got it. . .Doesnt price you anyting I just get a small charge from them on the trades you take....Its not because of that I say that you need refferal its just a coverage they have. . .And for spreads EUR/USD and USD/JPY 0.1-0.2 spread so a total of 3-4 dollars pr lot complete and for GBP/AUD/NZD-USD 0.3-0.5 spread a total of 5-7 dollars pr lot and for exotics 0.5-0.9 so a total of 7-11 dollars pr lot....Its a must taking out 1-3 pips that you use a broker with low commisions/spread and there aren't any one with lesser commsion than that there are 5 ore 6 other people with same,but they are in moldova and states like that and I like it too be in western europe ore australia doo too ESMA`S bullshit there arnt many brokers in Europe that maintain the leverage in a stage that you're able to make any cash of a small account...I have noticed that many have begun too add expert accounts for traders too help them get increased leverage with appearing between fingers on standards of being a pro trader...I dont understand if ESMA are doing controls on this particular ore how it is....But it's simply too stay jobless I mean what does the regulation really doo for us traders anyway....Being placed in London they could just as easily come upon fraud charges if they wreck with ore cash. . .That is the reason its importent too have a broker not offshore....PM me and I will help you if interested...
Hello magne999
Wow those spreads on GBPAUD/NZD etc., sound very good indeed! I will PM you although I will be able to open a different trading account right now. But surely I will be seeking to change broker in the near future if their trading requirements are that good! Tickmill is surely a nuisance when one is scalping GA or GZ (for example ) even though their spreads are a lot better then . Starting a Forex commerce 2 pips is a large drawback particularly if the trade goes against you! I have pro trader standing but had to struggle with them to receive my status changed. Before they changed it did trade with Eightcap (Australian broker) who provide 500:1 however their trading requirements are not as good. For example one can't put a limit order very near to the price - has to be at least 3 -5 pips away! Also I'm sure they are using anti-scalp algorithms. So anyhow, I changed back to Tickmill when they shifted my standing.
I agree totally that unless one will get at least 400:1 leverage trading account then scalping is a complete waste of time. Anyhow will PM you tomorrow.
Thank you for the fascinating info
I heard from that man I spoke too they had a promo going with 1 dollar pr lot...I havent asked in conversation because 2 dollars pr lot is actually not much too believe abaut....II will hear from you then. . .Have a weekend that is good . .
What makes the insidebars work soo great is that in a trend it generally I say generally a breake of greater highs in an uptrend and breake of a lower low in a downtrend soo also too being a insidebar its a miniature breake out USUALLY not necessarily....But it is possible to easily filter out thoose soo you only spend the breake of higher highs and lower lows. . .And follow currencie strenght as well as shortermtrend and all over fad. . .Gives you a edge...
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