Price Action Scalping

[Mike Kshemaraja]

She is very quite.

She made a little break, pulled back towards the break, got in, lost 6.5 pips.

 

[Mike Kshemaraja]

Nice break with squeeze, +9.1 pips.

 

[Trembling Hand]

She is very quite.

French, German, Italian Bank Holiday. Ya gotta know when your time is going to be rewarded.

 

[Mike Kshemaraja]

French, German, Italian Bank Holiday. Ya gotta know when your time is going to be rewarded.

I think you are right, I just forgot.

Still not having a bad day though, 2.7 pips up for me is just a bit above half of percent return.

 

[CanOz]

Good day for testing systems!

CanOz

 

[Mike Kshemaraja]

Yes, could be. Anyway I am done for the day.

This seems a nice a car.

 

[TulipFX]

I think you are right, I just forgot.

Still not having a bad day though, 2.7 pips up for me is just a bit above half of percent return.

You are running a very high leverage if that is the case.

 

[Mike Kshemaraja]

You are running a very high leverage if that is the case.

No, I take only one trade at the time and I risk 2% per trade with a SL of 10 pips, so if I make 10 pips I make 2%, 5 pips 1 %, 2.5 pips half of a percent.

Math is no a matter of opinion.

 

[Mike Kshemaraja]

Fox, Chart, Action

Please do not mention Bob's work anymore. They think we are selling something here.

https://www.aussiestockforums.com/forums/showthread.php?t=24729&p=700964&viewfull=1#post700964

Masses are just stupid. Sometime I wonder why do I bother.

 

[Mike Kshemaraja]

Ok, just for the sake of it.

Lets say a trader has $100000 in his account. If he/she risks 2% per trade, that is $2000.

With a risk of initial 10 pips he can enter the market with 20 standard lots (or 2000000 units).

With a leverage of 1:50 the trader needs a margin around $520000 to enter a trade.

The pip value will be $200.

 

[Trembling Hand]

Mike personally I also think you are over leveraged. Your tiny stop is nowhere near your real risk per trade. IMO

And you have show a couple of times you're not up with what news events are expected. Maybe if you are using a decent MM broker and only using small amounts they will honour your stops. Trading a ECN with those small stops, or size, during mad markets will have you easily taking 5 or more R loses.

 

[Mike Kshemaraja]

Mike personally I also think you are over leveraged. Your tiny stop is nowhere near your real risk per trade. IMO

And you have show a couple of times you're not up with what news events are expected. Maybe if you are using a decent MM broker and only using small amounts they will honour your stops. Trading a ECN with those small stops, or size, during mad markets will have you easily taking 5 or more R loses.

Trembling

Thank for your input.

I can assure you that it works very well for me.

Not sure what you mean buy this: "And you have show a couple of times you're not up with what news events are expected".

I do not trade during important news event as I already mentioned before.

When you trade the 30 seconds, your entry point is crucial.

If you trading decisions are based on the ability to spot the point where one of the parts lets go of the rope, creating a double pressure, your TP is reached in a matter of minutes (but not always).

Of course the problem arises if you have a huge capital dealing with forex brokers, and switching to futures could be a solution, but that is nice problem to deal with. Don't you think?

 

[Trembling Hand]

Not sure what you mean buy this: "And you have show a couple of times you're not up with what news events are expected".

I do not trade during important news event as I already mentioned before.

Oh really?

French, German, Italian Bank Holiday. Ya gotta know when your time is going to be rewarded.

I think you are right, I just forgot.

I see you held thru the US data, a bit of a punt there, could have went either way.

Carry on................. It never matters anyway on a sim.

 

[Joules MM1]

...you are over leveraged. Your tiny stop is nowhere near your real risk per trade...

.... not up with what news events are expected. Maybe if you are using a decent MM broker and only using small amounts they will honour your stops. Trading a ECN with those small stops, or size, during mad markets will have you easily taking 5 or more R loses.

these things may not be important to Mike......they are important....not being ahead of the bank and May day holiday cost a lot of traders positions this morning simply on misunderstanding how trading shifts.....know your calendar

tight stops on a cfd wont guarantee a blow-through on low day upon itchy news moments

 

[Joules MM1]

....also, Mike.....TH is probably the leading trader on this site.......listen and learn.....

with respect

 

[TulipFX]

I think you are right, I just forgot.

Still not having a bad day though, 2.7 pips up for me is just a bit above half of percent return.

You are running a very high leverage if that is the case.

No, I take only one trade at the time and I risk 2% per trade with a SL of 10 pips, so if I make 10 pips I make 2%, 5 pips 1 %, 2.5 pips half of a percent.

Math is no a matter of opinion.

It was a statement, not an opinion. For under 3 pips to move your account 0.5%, you are running a very high leverage.

 

[Mike Kshemaraja]

Oh really?




Carry on................. It never matters anyway on a sim.

I thought your previous post was genuine. What are your trying to prove? That you nose is bigger than mine?

Yesterday was bank holiday, did not effect my trades in a negative way.

The other was also dealt with a positive outcome.

Really what is it that you are after? Do I need to trade the way you do? Do I have too?

You are you? Again for the second time, read my first post and respect it.

If not take a hike. Is that clear? This is my thread, you need to respect it, if not do not come here.

 

[Trembling Hand]

It was a statement, not an opinion. For under 3 pips to move your account 0.5%, you are running a very high leverage.

Yep I don't think anyone who trades could disagree.

 

[Joe Blow]

Folks, constructive criticism and honest opinions are always welcome in any thread. However, insults and deliberate baiting/provocation are not.

Lets try and get this thread back on track please.

 

[CanOz]

This is my thread, you need to respect it, if not do not come here.

This is a public forum Mike, the threads belong to the forum.

TH and others will make sure the methods are challenged and hold water. If your methods are tight you should have nothing to worry about.

CanOz