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Simple Scalp Machine

  • #81
  • Edited 9:16am May 5, 2011 8:10am | Edited 9:16am
Stop Loss?
Yes or No?

Using SL could be a good thing most of the time!

Otherwise, take a look at this chart below, please!

You are in the right Short Trade, ...and suddenly your stop loss could be triggered. You see these kind of dirty broker tricks all too often!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, M1, 2011 Mai 05.jpg Size: 346 KB
  • #82
  • May 5, 2011 8:13am May 5, 2011 8:13am
[quote=yaed;4595759]
Quoting Forexcube

Well just feed the next one with 250 $ instead. Thats the most simple solution i can come up with.
Yes, that's it! New account! New History!
May be 1'000.-$. I don't know! Otherwise when 250.-$ will grow up you have a nice performance end of summer time and when it could be 1'000.-$ say end of October your account should be already about 400% in plus. May be scalping with a 250.-$ Account could be possible. I don't know. Seems that I'll try it out!
  • #83
  • May 5, 2011 8:19am May 5, 2011 8:19am
[quote=Forexcube;4595795]
Quoting yaed


Using SL could be a good thing most of the time!

Otherwise, take a look at this chart below, please!

You are in the right Short Trade, ...and suddenly your stop loss could be triggered. You see these kind of dirty broker tricks all too often!
how this is a broker trick, is there a kind of communication between them?
and how far they trust each other to manipulate us like that?
  • #84
  • May 5, 2011 10:42am May 5, 2011 10:42am
[quote=FXtime;4595828]
Quoting Forexcube

how this is a broker trick, is there a kind of communication between them?
and how far they trust each other to manipulate us like that?
If thats suspected one can always have a look at this kind of thing

http://www.forexfactory.com/market.php

An average of a bunch of brokers price, i look at it sometimes to see that Alpari doesnt deviate too much.
My signature is: "Classified".
  • #85
  • May 5, 2011 1:15pm May 5, 2011 1:15pm
[quote=FXtime;4595828]
Quoting Forexcube

how this is a broker trick, is there a kind of communication between them?
and how far they trust each other to manipulate us like that?

Hi FXtime

Tricks Of Institutional Dealers and Traders?

Oh yes, e.g. read p.130 et seq. by Grace Cheng "7 Winning Strategies for Trading Forex", Harriman House, 2007.

"Many market makers, banks, and hedge funds - mainly bis players with deep pockets - are known to fade breakouts, which are traded by many retail traders. Their game plan is to make money from the majority of the crowd who thinks that the price will rally merrily after an upside breakout or decline dangerously after a downside breakout. Since market makers are the pricing counterparties to their retail customers, they have to take the opposite end of your trade, whether you like it or not...

Hope it helps!

FXcube
  • #86
  • Edited 2:53pm May 5, 2011 1:24pm | Edited 2:53pm
[quote=yaed;4595759]
Quoting Forexcube

Well just feed the next one with 250 $ instead. Thats the most simple solution i can come up with.

Okay I go on with 100.-$ with this old minus account at first, which was from Scalp & Swing:
http://www.forexfactory.com/showthread.php?t=285159
  • #87
  • Edited 1:42pm May 5, 2011 1:29pm | Edited 1:42pm
I've written this for two days.

Silver, Daily, 2011 Mai 03

Silver could go till Fib 61.8 Level > 35.50

I would actual trade the ups and downs at the Silver market at M1/M5/M15 with regard to the pivotal points and when the next trend will coming up at H1/H4/Daily again.

see: http://www.forexfactory.com/showthre...285159&page=22, #324
Attached Image (click to enlarge)
Click to Enlarge Name: Silver, Daily, 2011 Mai 03.jpg Size: 403 KB
  • #88
  • May 5, 2011 1:32pm May 5, 2011 1:32pm
Silver, M5, 2011 Mai 05

So Silver could be a great deal for an upward trend.

MS3 is reached (35.82) and the fib 61.8, also (L 35.55).

I will glance at it when I'm sitting in front of the monitor.
Attached Image (click to enlarge)
Click to Enlarge Name: Silver, M5, 2011 Mai 05.jpg Size: 283 KB
  • #89
  • May 5, 2011 1:41pm May 5, 2011 1:41pm
Silver, M15, 2011 Mai 05

...and take a look at M15, please.
Attached Image (click to enlarge)
Click to Enlarge Name: Silver, M15, 2011 Mai 05.jpg Size: 320 KB
  • #90
  • May 5, 2011 1:47pm May 5, 2011 1:47pm
Silver, Daily, 2011 Mai 05

Possible Drawdowns?

DS3 34.75 and EMA200 ~30.50
Attached Image (click to enlarge)
Click to Enlarge Name: Silver, Daily, 2011 Mai 05.jpg Size: 275 KB
  • #91
  • May 5, 2011 3:00pm May 5, 2011 3:00pm
Beginning Date: 2011 Mai 05 22:00 GMT +1
Deposit: 110.-$
Attached Image (click to enlarge)
Click to Enlarge Name: Deposit 110$.jpg Size: 50 KB
  • #92
  • May 5, 2011 3:27pm May 5, 2011 3:27pm
Silver, M1, 2011 Mai 05

Trade Example

Enter Long at the first green dot and Exit at the pivotal point DS3

Profit: + 15.25$
Attached Image (click to enlarge)
Click to Enlarge Name: Silver, M1, 2011 Mai 05, Trade Example.jpg Size: 478 KB
  • #93
  • May 5, 2011 3:34pm May 5, 2011 3:34pm
Silver, M5, 2011 Mai 05

Trade Example

Wait for the first green dot at M5 and here you could go in at M5.

So long as wellxAMA is going parallel stay on the sideline and take a look if the candles generate upon the wellxAMA or are shaping underneath.

Better chances could be there when the candles line up upon the wellxAMA.
Attached Image (click to enlarge)
Click to Enlarge Name: Silver, M5, 2011 Mai 05.jpg Size: 301 KB
  • #94
  • May 5, 2011 4:02pm May 5, 2011 4:02pm
Thank you for posting this free system. I am trying to get a feel for whether scalping is the right strategy for me. I will be mainly trading between the hours of 3am and 8 am EST, so I should have great set ups to practice on!
  • #95
  • Edited 4:14pm May 5, 2011 4:04pm | Edited 4:14pm
USDJPY, H4, 2011 Mai 05
USDJPY, Daily, 2011 Mai 05

This is not a Scalping Trade!

Excursus
Long @ 80.08
Stop Loss: 79.45
Target: 83.50
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPY, H4, 2011 Mai 05, Excursus.jpg Size: 225 KB
Click to Enlarge Name: USDJPY, Daily, 2011 Mai 05.jpg Size: 170 KB
  • #96
  • May 5, 2011 4:26pm May 5, 2011 4:26pm
Quoting AmishBuggyFX
Thank you for posting this free system. I am trying to get a feel for whether scalping is the right strategy for me. I will be mainly trading between the hours of 3am and 8 am EST, so I should have great set ups to practice on!

Hi AmishBuggyFX

I wish you Success and Happiness!

FXcube
  • #97
  • May 5, 2011 4:30pm May 5, 2011 4:30pm
[quote=Forexcube;4596965]
Quoting FXtime


Hi FXtime

Tricks Of Institutional Dealers and Traders?

Oh yes, e.g. read p.130 et seq. by Grace Cheng "7 Winning Strategies for Trading Forex", Harriman House, 2007.

"Many market makers, banks, and hedge funds - mainly bis players with deep pockets - are known to fade breakouts, which are traded by many retail traders. Their game plan is to make money from the majority of the crowd who thinks that the price will rally merrily after an upside breakout or decline dangerously after a downside breakout. Since...
Thanks for the explanation, a market maker who able to move the price 100 pip in 5 minutes is a big WOW, I guess this is billions $$$$
  • #98
  • May 6, 2011 2:03am May 6, 2011 2:03am
Hi Forexcube

I don't know if you have missed this point made by other member some time back -

Does this WellxAMA indicator repaint?

I have tried your indis on EurUSD pair but to my surprise after green dot, there were many red candles. Could you please explain this phenomenon? (attached picture of trade)

Would appreciate your answers to above 2 questions.

Thanks for good work!

Regards
Attached File(s)
File Type: doc Eurusd trade.doc   167 KB | 615 downloads
  • #99
  • Edited 4:33am May 6, 2011 4:16am | Edited 4:33am
Quoting funkvaib
Hi Forexcube

I don't know if you have missed this point made by other member some time back -

Does this WellxAMA indicator repaint?

I have tried your indis on EurUSD pair but to my surprise after green dot, there were many red candles. Could you please explain this phenomenon? (attached picture of trade)

Would appreciate your answers to above 2 questions.

Thanks for good work!

Regards
Hi funkvaib

It's the old discussion about...."I understand that Indicators do not tell the future. That is why I am confused about Indicators that are said to 'Repaint' and some are said to 'Not Repaint'. Since all indicators tell you basically what just happened, what is the difference between the two? When someones says an Indicator does not repaint, what does that mean compared to one that does?" or..."The Zigzag indicator must re-paint otherwise it is not zigzag. It was created especially to re-paint", ... and so on.

First of all I want to say that all the indicators are re-painting by the open bar. If people are talking about re-painting so it is related to close bar, or previous bars.

Indicators are just good description/confirmation tools, but they are not predictive tools.

I have a favor to ask you "could you upload your chart at this thread, please?". It's more a security question. I don't like to open unknown *.doc-files. Please bear with me.

Kindest regards
FXcube
  • #100
  • May 6, 2011 4:47am May 6, 2011 4:47am
Hi Forexcube

Thanks for your input.

My point about repainting is - if these past green/red dots change themselves as we move ahead (as more data is collected). eg - earlier green may become red or vice versa. Are they fixed once they're shown at one point?

I don't see option of uploading direct pictures nor copy/paste helps. Could you please help?

Regards


Quoting Forexcube
Hi funkvaib

It's the old discussion about...."I understand that Indicators do not tell the future. That is why I am confused about Indicators that are said to 'Repaint' and some are said to 'Not Repaint'. Since all indicators tell you basically what just happened, what is the difference between the two? When someones says an Indicator does not repaint, what does that mean compared to one that does?" or..."The Zigzag indicator must re-paint otherwise it is not zigzag. It was created especially to re-paint", ... and so on.

First of all I want...
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