Simple Scalping - Page 3
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Thread: Simple Scalping

  1. #21
    EURUSD 1 Minute chart: Entries up to now.

    Update: 10 pip targets equally hit on these 2 entires. Very heat take on each other these transactions.

  2. #22
    On UJ I've 108.75/86 as potential solid resistance, and given the big gap back down in 107.85 I'd be cautious of taking any more longs till we see what happens. In case it turns, theres a few pips to be bagged on the way down no difficulty.

  3. #23
    Quote Originally Posted by ;
    About UJ I've 108.75/86 as possible good resistance, and given the major gap down in 107.85 I would be wary of taking any more longs till we see what happens. In case it turns, theres a couple of pips to be bagged on the way down no problem.
    On m15 I visit that the next R about 109.40 along with the S round 108.50.
    How can you see 108.75/86 as a R?

    From how nice thread! thx!

  4. #24

  5. #25
    Quote Originally Posted by ;
    Had a terrible moment. If any trades were made by a person during the EU/US overlap I'd like to hear from you. Here are the three trades that I took. EURUSD: Breakeven USDJPY: -2 pips EURJPY: -5 pips What could I've done better? picture image picture
    I think when I see price making a concisive move towards the MA region, its probably best to wait to see that the PA when it gets near. The better trades seem to be if price is becoming tired and a Means off the MAs

  6. #26
    I agree with your explanation but if you could forget about the data and looked in the chart candle, at which I entered, it didnot look just like a concisive move. I would like to know what could have kept you. Or maybe it was just a bad day, no one said the machine had a 100% win rate

    Edit: It seems that I could've saved me some pips if I do this. Everytime you get a signal, state market signal near the top of the bollinger band, you check the M5 chart to guarantee the price is not sitting in the bottom of the M5 bollinger band (same settings). If I did that, I could've reduced some of the losses or perhaps produced a profit.

  7. #27
    Quote Originally Posted by ;
    I agree with your explanation but in the event that you could for once forget about the forwards information and looked in the chart candle by candle, at which I entered, it didnot seem like a concisive move. I'd like to know what could have kept you out of that trade. Or perhaps it was just a terrible day, nobody explained the system needed a 100% win rate
    once I say a concisive move, I mean making new highs or lows towards the MAs. We'd be trading from a trend within ours because this is basically a trend trading system scalping.
    In that case the MAs may well give S/R.

  8. #28
    1 Attachment(S)) Thanks Jenx! Simply Awesome

    First day cruising the EU , UJ and another euro pairs... A 10K demonion is up by 1.8%

  9. #29
    Hey Sam. Are you currently trading on chart?

    I'm thinking M5 would work better for me personally. M1 has just noise to filter out. I left a 8 pip boo boo on M1 chartcontemplated a bit and thought about the M5, made a 13 pip profit. I'm using candlestick patterns to input as they do not grip on M1 chart but they appear to be working on chart with little backtesting I did.

  10. #30
    Quote Originally Posted by ;
    Hey Sam, Thank you for sharing your results. Are you currently trading on M5 chart? I am presuming M5 would work for me personally. M1 has just as much noise to filter out. I made a 8 pip boo boo on M1 chart, then contemplated a bit and wondered the M5, made a 13 pip profit. I am using candlestick patterns to enter as they don't grip on M1 chart but they appear to be working on M5 chart with little backtesting I did.
    Hi Vipul,

    I am not a big fan of M1 , I exchange M5,M15 after taking a look at the big picture of H1/H4 , additionally prevent major news of course.

    What I enjoy about this system is it's simplicity and also the individual interaction with PA

    In all my trading I embrace multiple entries and dollar cost averaging to mitigate the risk

    Can't whine as the account is up by 4 percent in only two days of training. .

    Thanks

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