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Scalpers and short termers...

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>Apocalypto<

>Apocalypto<

20.03.2012
Joined
2 February 2007
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Hi fellow micro trend chasers.....

Thought I would start a tread for all of us that are in and out of our fx trades in 1min to couple hours.....

Join in, post losses headaches, wins, sytems, ideas--- whatevea....

I am trading with Interactive Brokers and charts MT4 from ACT

Mine is the us session on GBP/JPY tonight heartache to even contemplate trading with the bar ranges it put out......

hence all the posts I have made tonight... o well tomorrow
 

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Re: Scalpers and short termers.......

i got 60 pips short on the gbpusd tonight. unfortunately only a demo of a new bot im testing :(
 
Re: Scalpers and short termers.......

Stormin_Norman said:
i got 60 pips short on the gbpusd tonight. unfortunately only a demo of a new bot im testing :(
Click to expand...

I got nothing but a headache. missed the London session....

greeted with thin crap for the us..... Cable not much better....
 
im using a marginal MA + MACD system. tests think its ok. be interesting to see if it is actually any chop.
 
i have a very similar method to yours on another EA.

i use MA slope with an offset + RSI. same idea though.
 
Stormin_Norman said:
i have a very similar method to yours on another EA.

i use MA slope with an offset + RSI. same idea though.
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yep, about spot on to what I do.

the slope is very important.........

plus I have rules on what signals to take after cross and retrace to sleepy to get into it now.

Good trading Norm

**they're moving now cleanly now (Cable & GBP/JPY)****
 
Hi Apocalypto,

I am currently wrestling with the GU at opening time, not profitable yet but I persist.

I am not able to read what settings you have for the HA Histos, could you tell me please, also are you using MAs as in the link ?

I will set up a chart using your method and see how it goes on GU.

thanks
 
if i may make a suggestion.

look at charts. think about a method. for example - i want to buy in the direction of the trend, but at a good time - during a dip.

then think about what can indicate a trend. in its most simple form, a moving average can simply show how long a trend has gone on for, and by its slope, how strong the trend is. this general idea can be as simple or as complicated as you like.

then think about what indicates a good time to buy into the trend? Maybe its a strong slope on the MA which has levelled off a bit, but not gone negative. it could also be the RSI. If your trend is upward, look for RSI to indicate the market is oversold and on its way back. Perhaps its time to buy.

i find a lot of traders begin at the end. have all the indicators in the world, but no simple hypothesis on how their method will work.

as a result they do not understand what story the indicators are telling them, and often end up with multiple indicators, often reflecting similar pieces of the market story.

so if i may simply give some advice:

1. think of a general method (hypotheses)
2. look for indicators which tell the different parts of your story (develop the experiment)
3. play with the settings, and visually backtest how it would perform on the market to find what you think are good settings.
4. test it in a live environment (either demo or micro account), adhering religiously to your developed rules.
5. examine the results, and think how the story could be better told. or if you are missing a slight part of the story which would help improve it.
 
macca said:
Hi Apocalypto,

I am currently wrestling with the GU at opening time, not profitable yet but I persist.

I am not able to read what settings you have for the HA Histos, could you tell me please, also are you using MAs as in the link ?

I will set up a chart using your method and see how it goes on GU.

thanks
Click to expand...

I this case you will have to get very familure with the link. As I have posted about with Norm, the slope of the MA and taking the first signal after the cross is the best way to come out on top. the best signals IMO are L2 and L1 try at the start to limit yourself to only those. You have to wait but that's the game.

the heiken ashi settings are

1st in inputs 1 3 2 1
2nd " " " " 2 6 3 2

any more q's ask away.

I really stress get to know the system then concentrate on the indicator, I consider it training wheels. In a month to 3 i wont be using it any more. ( I hope ;)) 1min is fast you will will see.

also when u see a range developing stay out. you can fell this by the way the bars expand in their range.

cheers
 
Thanks for that info, will keep poking around for the next week.

I will be going on a lap around this great big land for the next 6 weeks after that, so will have more time when I get back home.
 
Would one place more emphasis on the slope of the moving average, as opposed to how far price is above/below the moving average, i.e. could still be sloping up, however what if price remains hovering around the moving average, or if price is well above the moving average but the slope of the MA is relatively flat, would've thought it would lead to more whipsaws/mixed signals ?

Shaun.
 
Kryzz said:
Would one place more emphasis on the slope of the moving average, as opposed to how far price is above/below the moving average, i.e. could still be sloping up, however what if price remains hovering around the moving average, or if price is well above the moving average but the slope of the MA is relatively flat, would've thought it would lead to more whipsaws/mixed signals ?

Shaun.
Click to expand...

good questions.

For me.....

the slope is key 1. I also look at the price distance form the ma. If it's right off I wont take the trade. I like the signal to come close to the 9 or off the 18 with a strong slope.

I like to take signals that are not on the cross but after 3-6 bars even if I wait till a solid L1 comes.

stops at the pattern low.

if that makes no sense have a quick read of the link in post 1.

cheers
 
>Apocalypto< said:
good questions.

For me.....

the slope is key 1. I also look at the price distance form the ma. If it's right off I wont take the trade. I like the signal to come close to the 9 or off the 18 with a strong slope.

I like to take signals that are not on the cross but after 3-6 bars even if I wait till a solid L1 comes.

stops at the pattern low.

if that makes no sense have a quick read of the link in post 1.

cheers
Click to expand...

Will go over that link now, thanks.
 
what does it tell you?

the slope is telling you the general movement of the market. a steep line indicates a stronger movement.

price well below the MA says that the recent market has moved even more strongly in favour of the trend; but could pull back as profit takers close positions after a strong move.

what i like is price above a strong downward trend. this could indicate that the market is preparing for another move in the trend direction. hence i often use a MA slope offset, looking back a number of bars to see how strong.

atm the short term robot has a long on the yen, quite nicely into profit. aiming for 94.58
 
trades on the cable.

1. strong slope retrace into the area nice - win
2. decent slope ent bar to far off ma bad trade - loss
3. good slope into mas got out a little too quick - win
4. silly trade as bar to wide off the ma - loss
5. slope ok, held passed next retrace got out again a little too quick. - win
6. strong slope took first retrace nice one - win

missed a few made a few mistakes but overall positive night. trade 4 was silly took away 1/4 of my winnings.

one thing about scalping like this u have to stay focused disciplined and reject entry's shoot for the plum set ups. 2 and 4 were bad trades that turned a good nights take into an on par night.

Mind frame is so important in this type of trading.

I am still learning.....

Cheers & enjoy,
 

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