GJ +10pips X 2 : 1st and 2nd entries EU & EJ's candidates, UJ opens really close? That's it for me traders, hope everyone did great,

Open Scalping Strategy

Its good to think about TS's and strategies to minimize loss but the R:R that I refer to is the initial R:R - this (the initial ratio) does not change under managed conditions as they are all post alterations (the re-evaluated ratio, of course, ...

As simple as possible: 00 level trading

Hi Anusragger, you are right in being concerned with issues of money management such as R:R - as any good trader should be. As we saw a few days ago our fellow trader arianptc01 suffered 4 consecutive losses (and perhaps more) in one session - this ...

As simple as possible: 00 level trading

Thank you very much Linhpip - I understand exactly what you mean. How many trades did you make in the first week of each month? The reason I ask about the first week is that maybe it is not good for this system to trade in the first week of the ...

Open Scalping Strategy

AU +8pips TP (SL 11pips) : got in at the 3rd entry but it was strong all the way ECHF -8pips SL : big green candle over 15M went up hit entry then next candle came down hit SL (way over extended perhaps) GJ +8pips TP (8pip SL) : 3rd entry, missed ...

Open Scalping Strategy

GJ & AU would have both lost on Asian session with SL < around 10pips it looks like... [London calling] GJ --- 2nd entry looking better...only gave 9pips... AU looks like it could spring up for 2nd entry (yes, sprang up and lost its spring...LOL)... ...

Open Scalping Strategy

...a good psychological technique

As simple as possible: 00 level trading

Stick to your plan/method Qed, I can't live without seeing price action at the same order as the SL

As simple as possible: 00 level trading

You're a gun trader Qed

As simple as possible: 00 level trading

AU +5pips TP : had a failed second entry long at the start which turned out to be a short-trap, price went south in a hurry and formed a two legged measured move from local support (which was also 1MN O). High prob trade. Note: dialed in a few ...

As simple as possible: 00 level trading

Great work Qed! AU just broke-down under the lows... same general price action - easy money... this would have been a beautiful trade now bouncing off (local 15M TF) support

As simple as possible: 00 level trading

That's a beautiful setup and trade UCAD was the inverted version of this... EG setup in the same way as EU but there was no entry for it (with respect to this method)... NU same setup as EU...

As simple as possible: 00 level trading

EJ, GU, UCHF --- No Trade, UJ is also a No Trade IMO cause opens are too close NU : bouncing off strong 1D support - if 2nd bounce then good for this method --- ranging on the 1H AU : same as NU --- expanding triangle on the 1H, plenty of room to ...

Open Scalping Strategy

Nice analysis there Qed and a clear chart! And as Udine says there are many trades in the week so there is no rush.

As simple as possible: 00 level trading

Great question and observation Qed. There's even a bit of a morning star forming there (I think, if I could see the chart clearly). Over extended to the downside from the (local) pivot high... etc. A two legged - measured move (ABCD) that just drop ...

As simple as possible: 00 level trading

I would also read this arianptc01 ; post 879: http://www.forexfactory.com/showthre...59#post7521659 (why people dont succeed in forex) and build a trading plan - like its your business - this includes protocol & procedure to follow when things go ...

As simple as possible: 00 level trading

arianptc01, you are doing well mate and I what you to win. Yes, you are doing the right things but read Udine's first rule page on this thread. He teaches more than just mechanical rules.

As simple as possible: 00 level trading

Just my suggestion its up to you : but I've seen it before and I've done it my self --- after so many losses you get into that rhythm, all night, and keep losing... your account! Ask Udine and experienced traders here for advice! Ask yourself why ...

As simple as possible: 00 level trading

21. a mistake is 10 burpees : times 3 for arian

As simple as possible: 00 level trading

Stop trading arianptc01! Read the rules again from page 1 mate!

As simple as possible: 00 level trading