Daily Yen Scalping - Page 2
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Thread: Daily Yen Scalping

  1. #11
    Entertaining stuff. Keep up the good work.

    You mentioned Stratman's rules. What mind sharing a link where they can be found, or exactly are they?

  2. #12
    Hi Mindsphere

    You'd ask me to comment so I'd thought I would drop by, love the charts, how do you write them on like that btw ?

    Anyhow hats off to you scalping GJ within this manner, brave guy. 1 thing I dont know if you have looked at in depth is trade direction for this style of trading, I really believe your returns concerning spread cost is very prohibitive, definitely believe you want to conduct some of them for longer/more pips, paying state 3 on spread on every is rather steep for your pip returns.

    I dont even know your strike rate but when its high you may look at a 2/3rds form event. I mean take your 1000 units and split by 3 so 333 units. When you reach 1/2 times risk in profit on a trade e.g 5 pips, scale 2 thirds developing a free and allow the last rush - and I mean conduct. You can move cease to BE in a stage to lock in the profit on the out. If you have a high strike rate this method can be effective.

    All of the best

    Limey

  3. #13
    Had a rather poor day. Didn't lose complete, but didn't follow my rules and obtained far too emotionally affected by my first loss (to get a trade I should never have obtained). Up 2.8 pips for the day.






  4. #14
    Quote Originally Posted by ;
    Interesting things. Keep the good work up.

    You said Stratman's rules. What mind sharing a link, or exactly are they?
    Try the pipware thread in the industrial section


    Quote Originally Posted by ;
    Hello

    You did ask me to comment so I'd thought I'd drop by, love the charts, how can you write on them like that btw ?

    Anyhow hats off to you scalping GJ within this fashion, brave man. One thing that I dont know if you have looked at in depth is trade direction for this style of trading, I really think your yields in relation to spread cost is quite prohibitive, definitely feel you want to run a number of these for longer/more pips, paying out state 3 on spread on every is rather steep to your pip returns.

    I dont know your strike rate but when its top you...
    Hey Limey, thanks for dropping by! The charts are done with Jing - it is absolutely free and rather nifty - http://www.techsmith.com/jing/

    You are right about the distribute price posing a challenge with this style of trading. I was considering something comparable, scaling out a small bit of the position and letting the rest run. So many of my entries seem to be followed closely by great 20-30 pip runs (or much more). Maybe I'd be better closing out 2/3rds in the stage when I'd normally close the trades and leave the rest to run with the stop in break-even. It is efficacy would be rather simple to evaluate.

    I really do need more statistics on my trading egy before I can really evaluate anything like this however. A hundred or so trade must do it

    In another thread today I had been musing about how the yen pairs might pose superior opportunities because of their high spreads. I wonder if there's less in the way of automated arbitrage going on making the movements more predictable. By this I mean, perhaps pairs such as EURUSD are more difficult to trade out of a scalping perspective as there are too individual people hoping to scalp the tiny edges provided by comparable tactics to mine. Individuals taking tiny profits at SR zones can lead to more whipsaw on such pairs thus making the signs more difficult to read. Only a thought.

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