Redsox11's Posts
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wamiikechukwu:Much better then. Hope you're getting good result. |
Last chart for the week, good week and a lot of action. Most definitely less stressful . Previous 2 weeks was stressful trying out scalping !! GBPCAD, took some +80 pips to cover and replenish the account after the[b] loss on EURCAD. [/b] I'll leave the last position running for a while. I'll take anything from 150-200 pips on it/ or breakeven. Market will decide that, I'm just following.
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bigbasho: currentprice:I'm sure he has mental area where he cuts off trade when it's against his position. I do hope he has emergency SL "Far away enough from price" incase something went terribly wrong. |
wamiikechukwu:Good that you changed your platform then, maybe they've got Bad Data Feed. Is it scalping EA you are working with? Just curious. |
Added; GBPAUD , set to breakeven, it might go into range soon. EURCAD , tried adding 2 legs but was stopped out Win some lose some
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wamiikechukwu: mrikay:The thing with EA, especially scalping EA, it's difficult to implement. Everything is usually smooth on demo but when you bring it to live environment, fluctuating spread, swap, commission and all comes into play. So you get totally different result from demo result. |
incredibleace:Yes partly as I have other things in my tools before, maybe coz I couldn’t grasp it fully, so I have incorporated it with my style. |
PATTERN REPEAT ITSELF, find it and it has to be at the right place. My yesterday AJ trade.... 1 - Gave you a pin (I know people have different definition of pin, but this is called pin too lol ) 2 - Shows it couldn't break up the high of # 1 candle... 3 - Breaks the high, giving people false hope of buying, but watch it couldn't close above the high. It fell back. Then enter with low risk, or wait for market to retest the high of candle # 3, then enter with even more tight SL. Hope this turn on the light for some people. #SharingNuggets. Ps: I've tried, lemme crawl back to my angle Pps: Find the pattern that works for you and keep sticking it to them. Even better if you have more than few of "them" patterns.
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bigbasho:Stop teasing... I see you enter your trades on 1hr too, I go down 15mins sometimes to pinpoint. I just like reduce SL, I like it when I can stick it to the pin and put my SL just around 10 pips, I love those entries , but when I'm late to the market, I'll manage 20-35 pips SL. I usually don't like it but what can I do, you have to participate to win at all. I see you start this biz way back too, saw some of your 2007 post if I'm not mistaken.Forex could be easy with much less stress like we have to go through, if we had someone to spoon feed us all those years. I remember paying #15k for seminar at Ikeja 2007 or there about. Teaching us some very bogus 14MA system. This is not to scare anybody, you can be profitable if you have the right people around you, definitely not marketers. Find someone that is trading and profitable . Ps: "For us newbies" Stick to higher time frame, it's far more easier and less stressful, If I could i'll tell any new comer- Start off on HT frame and do a lot of reading and dedication. Pps: AUDJPY 4 hours.
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bigbasho:Great call Bigbasho as usual. You're literally playing ping-pong with price, hitting them down and up Remind me not to trade against your position ![]() AUDJPY update, fell but not as hard as I'd want. Set it to free trade. NZDCAD - I've to keep an eye on this might fall down, will wait to set to breakeven. Playing Daily and Weekly low bounce.
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AUDJPY- 4hr chart; Risky, I need it to break down considerably(fast) or I'll take small loss, I don't want to see it stall EURUSD 100+ came close to taken me out @breakeven, I'm holding for long time, I don't mind it going back to breakeven. EURCAD 200+ EURJPY 80+ joined EJ, hope it don't retrace and take me out at breakeven.
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Ps: I don't do this but I couldn't resist. I don’t mind you trading PAMM but passing it off and stealing someone else hard work "money". Gazelle22:Really? for living? that's hard to believe. How do you come up with this write up and all... Just to entice and take some newbies money. You should be ashamed of yourself. Gazelle22:You've got to be kidding me right now. You made a lot of money during brexit and you are trading a $100 account?? and you mentioned trading $100 account for living . Maybe you live in some cave that $100 is worth like a $1 million or something. Imagine trading off someone else Pamm account and want someone to connect with you but not the source thereby stealing their commission. You're behaving like a scum, hope you're not. |
bigbasho: Was in the UJ last week but the Spike ( stop hunt / shake out "to make you doubt yourself or close out your trade" ) down and up took me out, I was little sceptical as I like to enter after the stop hunt. I would have re-entered but was not on the PC
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EURCAD EURUSD GBPCHF - Thought the momentum will continue push downward but not.
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I quit "quitted sounds unusual lol" trying to scalp, I gave it all, I did for 2 weeks, with overall -2% loss... It's definitely not for me, at least right now. It's stressful and takes a lot of your time. I'm sticking to HTF. Missed some couple of good trades on HTF, manage to pick EU. Going to hold as I'm playing it on weekly chart, might come back to breakeven but worth the risk for more pips. |
Exit EU +5 but left Sell Limit on yesterday's high with 10 pips SL. Quick buy on UJ… W formation on hourly chart, inverted hammer on 4hrs. Going to set to breakeven asap as it’s against the major down trend.
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My Bread and Butter. If it's not broken, don't fix it (Me trying out scalping on lower TF)... soliloquy. Trade Responsibly, live to trade another day.
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I've been busy with other things, going to catch up on the thread. Fewer trades ( scalping) )as I could only do part of London session. Ps: Noticed I could take several hit (SL) before 1 or 2 home run that I should really allow to run.
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stardragon:Stick to higher TF please, less stressful if you know what you are doing. Personally I trade 4hr / 1 hr / 15mins sometimes or if I see something interesting on weekly chart. I've not done monthly just yet lol. nennin:Saw a notification which I replied to. You could ask the question here if you don't mind, could help others too or someone else could help with with the answer. Was leaving the PC so closed out as I couldn't set it to breakeven yet. GU -4 pips, EJ at breakeven. You shouldn't even look at my 5min chart, stay with larger time frame please. Trade lower TF at your own risk. Running this with very low risk, so it doesn't hurt me, plus I still trade my larger TF.
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bigbasho:I couldn't agree more with you. It's a lot stressful than anyone could think. I'm trading off 5mins , it's like NASCAR I tell you. Some will go down as much as 1min to trade, I think you have to be a brain surgeon to successfully trade that chart. Imagine, those years there is a guy on FF that trade on 5 seconds chart, I think he still does. |
NFP effect
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Still...
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Total beat up from my scalping this week +1% though… Got beaten up and down, black and blue, you name it A lot of concentration needed. Lost view of bigger picture more often than I thought possible focusing on 5mins charts. New found respect for successful scalpers. It’s a lot of work. I’ll give it one more week.
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Part of my tools. You just need to train your naked eyes well enough to see the unseen. Make sure you take only low risk entry and let your profit run. No need to look for entry everyday when you can have few run for few days.
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hegelian:Hope the spike up (stop hunt as I like to call them "use the spike up to fill their order" before the down turn didn't trigger you SL, if not, you'll be in good +ve now. |
Hmmmm..... Ideas... Do as I say, not as I do Better when 2 is Inside Bar. Of course you have to look at the bigger picture and other things to validate. Just ranting.
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Close part lot of my CJ, I'm going to leave the rest to really fall or come back to take me out.
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GU 4hours , Bad entry but I'm in anyways. I should be in at the open of the new candle. I'm going to hold it and exit with loss if it breaks the high with 5 pips. Calculated risk. hegelian: redsox11:I exited as I was expecting a sharp fall so I can at least set to breakeven... like UJ and UC . No need sticking around when it's not happening.
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hegelian:But I think from his screenshot, the profit is $239 not $23. Exited my GU -4 pips . No momentum to drive it down fast. |
GU 4hours , Bad entry but I'm in anyways. I should be in at the open of the new candle. I'm going to hold it and exit with loss if it breaks the high with 5 pips. Calculated risk.
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hegelian:You should know it's more than $100, to trade that much pairs. He once mentioned deposited close to $1000 Canadian if I'm not mistaken. He's trading with strict money management. Good thing, he is riding the trend. I call it static SL and open TP as long as trend is there. |
priceaction:You are right but as it's scalping and I don't want to use big SL as the R:R I'm aiming for will be defeated. And I've got very low spreads 0.1 to max 1 . I need one win out of close to 10 but I must say, it's actually very hard to scalp, I didn't know it was this hard and it's very easy to get carried away and not see the bigger picture. |
,,, except your plan to do this business is for a short time

before the down turn didn't trigger you SL, if not, you'll be in good +ve now.