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BellaVista507
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BellaVista507
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ScalpForProfit
in
Trading Systems
Feb 25, 2013 at 07:28
The martingale pending buy is now +10 :)
ScalpForProfit
in
Trading Systems
Feb 25, 2013 at 07:28
Excellent. So the EA you have places a reverse order for double the size once your sl is hit? Is that correct?
Is compounding necessary?
in
New Traders
Feb 25, 2013 at 07:28
Benny it was I who said that. Yet. I'll repeat it again! If you have a pamm manager. In which he requires a deposit of say 5k. If he was to gain 50% profit. Which would have your account at 7500 usd. He doesn't have to compound, nor would he have had to had compound in order to have gained your 50% profit.Compounding is when you use profits in order to gain more! If i use the same lot size over and over again, then I would never be compounding. In the case of a PAMM manager it depends on the risk he feels like taking.
ScalpForProfit
in
Trading Systems
Feb 25, 2013 at 07:28
Up 6 pips. :) 😇
ScalpForProfit
in
Trading Systems
Feb 25, 2013 at 07:28
:) Would you call that luck? Or great understanding of price action?
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.
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