LiTs on other key pairs
GU - 5215 - 5246
EJ - 135 35 - 135 66
AU - 7155 - 7172
UJ - 120 10 - 120 37
Uchf - 9650 - 9685
Ucad - 3060 - 3025
EA - 5715 - 5765
I was late this morning and did not post these LiTs area until 7 10 am - although got a dead accurate EU one out slightly early
I did very well off 4 pairs today - EA / EU / EJ and GU - and then added vias the Ucad and AU this afternoon
Please check them out and use their bias - ie above both LiTs price favours buys and bull bias and below both prices favours sells and bear bias
The EU was classic - with 1273 being my mid Lits price
Its dropped approx 50 pips down and then retraced back up to 1273 - and then dropped 60 pips before another 50 + pip retrace - but staying under the LiTs area all day
If you added up all pairs - and managed to catch rallies early - on single entries today was a 400+ pip day - and even if you left on part stakes - then I am sure it would have been very profitable.
See that's another "edge"
This method is not just "scalping" - its proper intraday catching both way swings off scalp entries and leaving stakes on with stops in profit - to get rid of any extra pressure or stress.
I did have some one mention I dont mention my losses much - even though i admitted my last 100 scalps only had a 71/2 % win ratio - showing therefore nearly 30 bad scalps out of 100 .
Well what is there to mention - Some days i just have a couple - and they might be minus 2 or minus 4 ( I never wait for 5 or 7 pip stops ) and then occasionally i might have 5 bad scalps out of 16 trades - but think about it - if I had maximum 5 pip losses on 5 bad scalps that's minus 25 pips
Then if I end up with 11 good trades out of 16 - they can range from just 3 pips to 30+ pips. So lets average them at just 10 pips
so 11 x 10 pips = 110 pips - minus 25 pips off losses - result - net 85 pips - still above my daily target.
I accept losses and try and get out of bad scalps ASAP - ideally within 2 to 3 mins max
Good scalps - ideally make over 7+ pips - but I don't let a pullback take me into a minus situation the markets dynamic not static go with the flows in the "now"
I do have some great scalps come from 2 bad entries - ie first entry does not work - it moves my way 2 pips and then back down 4 pips and I take a 3 pip loss
Second entry - I get 4 pips and pull BE - not happy its working right
Third entry - 5 - 9 mins later - I catch the move and I make 18 pips in 10 mins
End result - 3 scalps - 2 losses of 3 pips - 1 winner of 18 pips net -
Win ratio - 33% - RR of winning trade counting 2 bad scalps still nearly 3 - main result Profit - even with a rubbish win ratio - but all within 20 mins - that's important - plenty of time to make more winning trades etc etc
Just taking a few pips here and there.
