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BellaVista507
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BellaVista507
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ScalpForProfit
in
Trading Systems
Feb 25, 2013 at 07:28
Took the 10 pips. No need to be greedy. I'll see you during london open.
ScalpForProfit
in
Trading Systems
Feb 25, 2013 at 07:28
I'm short here 1 dollar a lot. If we closed under that 124.04 we will ride all the way to the pivot mentioned.
ScalpForProfit
in
Trading Systems
Feb 25, 2013 at 07:28
Now if i was going to martingale this. I would wager 4 dollars a lot at 124.109 and set that as a sl for this short order. If the pending buy is activated set a pending sell at the original entry (124.053) for maybe 10 dollars a lot and ride the massive ride down.
ScalpForProfit
in
Trading Systems
Feb 25, 2013 at 07:28
Last candle has closed red inside that zone. Now here we see the action. :)
ScalpForProfit
in
Trading Systems
Feb 25, 2013 at 07:28
What I will do is give you the following. Look at the white lines. Inbetween the white lines are NON-ACCUMULATION zones. Throughout the sessions to follow. Notice how the price acts when these levels are crosses, and recrossed :) Please mark them on your chart now.
ScalpForProfit
in
Trading Systems
Feb 25, 2013 at 07:28
Here is a tip for you . Set a pending sell at 124.07 stop loss 6 pips. If your pending sell is activated. If a red candle closes inside that 124.04 to 124.01 it will go all the way down to 123.79 before you sl is hit!
ScalpForProfit
in
Trading Systems
Feb 25, 2013 at 07:28
That sell should be activated right now... Notice the price it bounced off of :)
ScalpForProfit
in
Trading Systems
Feb 25, 2013 at 01:41
What I will do is give you the following. Look at the white lines. Inbetween the white lines are NON-ACCUMULATION zones. Throughout the sessions to follow. Notice how the price acts when these levels are crosses, and recrossed :) Please mark them on your chart now.
ScalpForProfit
in
Trading Systems
Feb 25, 2013 at 01:39
If I make a video it will show my exact entries. Which isn't what I want. 😂
ScalpForProfit
in
Trading Systems
Feb 25, 2013 at 01:33
Whoa has spiked 10 pips since I took profit. :) Yet entry was picture perfect.
ScalpForProfit
in
Trading Systems
Feb 25, 2013 at 01:30
Correct. Look at my first 2 losses. I have wagered on the long position. Only to have loss on them. Had I martingale the position in the opposite direction. My profit so far today would of been over 20% Yet, I took positions with a bias manner on the long side. On the third wager, I was able to earn every single cent back with the move up. My pip draw down on that last move was about 3 pips. I prefer the EUR/JPY pair, only because the reversals are extremely sharp. With a stable EA to set an automatic trail stop at every 1 min candle close. You can guaranteeing profit without ever having to...
ScalpForProfit
in
Trading Systems
Feb 25, 2013 at 01:26
Made back the first two losses on the third trade. :) Draw down in pips on this third order was about 3 pips.
ScalpForProfit
in
Trading Systems
Feb 25, 2013 at 01:18
As a part of money management. I have made a withdrawal of 470.00 dollars today. About 1/3 of last weeks profit. 😇
Is compounding necessary?
in
New Traders
Feb 24, 2013 at 23:14
Price went as low as 124.12 before hitting the stop loss of 10. :)
Is compounding necessary?
in
New Traders
Feb 24, 2013 at 22:53
Bishop. Look at the accuracy of this position which I have open right now. Its only 1 dollar per pip. Yet, I have not been in red more then the spread since the start of the position.
24options.com now offers 2min and 5min options
in
General
Feb 24, 2013 at 22:32
This is by far an amazing feature to add to your trading. 24options.com allows you to pick your entry, and have the price expire 2min or 5 mins after expiry. I highly recommend studying smaller time frames and using this type of wagering.
Is compounding necessary?
in
New Traders
Feb 24, 2013 at 22:07
Compounding is the form of wagering in which you reinvest your profit. It isn't simply using a larger lot size.Say for an example you depsoit 1k into an account. At which point on the first trade you turn a 100% profit. On your second wager your lot size is now larger then what it could of been before the first trade. You dont have to invest 100% of the profit. Yet with compounding your not protecting your profit.
Is compounding necessary?
in
New Traders
Feb 24, 2013 at 16:41
Your correct Ironman. I'm not compounding because I'm using Martingale. There are times in which I want to compound, but if I fall into an accumulation zone. It will cause me to bias towards to the positions which I'm in.
Is compounding necessary?
in
New Traders
Feb 24, 2013 at 16:31
Well honestly no. I mean its very easy to get tempted to. I have seen many good traders blow accounts due to compounding. Only to make back all the losses about 2 weeks later. Which of course would of resulted in more profit if he/she did not increase their risk. The temptation is there, yet one wrong move, and its all over. Only for you to have to start all over again. A person who is starting with maybe 50 usd can try compounding. Yet, there comes a point in which you must decrease your risk.
ScalpForProfit
in
Trading Systems
Feb 24, 2013 at 16:28
My entries are pre-determined by calculating the extreme ends of daily pivots using fibs. I then get 16 possible entries. My larger wagers are on the first and second crosses of those entries. Through out the week those very prices remain the same assuming we have not broken the extreme prices. Very simple. The only things I respect are News releases along with nearing of pivots. In no way do I use higher time frames.
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