Guys,
Im new to trading, my general day to day job is within IT/Telco with decent salary etc, when i mention decent I see various clients making me looking like a bug. I was born into lower/middle class with good parents etc both having degree level jobs just not paid to lead a total rich live style.
I would like to improve on cash inflow while i do my current well paid job.
A bit more about my backround I now see kids born into money fair enough their parents done a good job landed lucky etc which is great for them.
My issue is working for someone else means I will never become rich ( dont get me wrong I live very nice and enjoy many luxurys ie cars i need to wait till i can afford it 3 years later.
Also In the UK I work in IT, and everyone within is undercuting causing empolyers to make a wishlish of qualifications to even apply for a new job at a less salary than im currently on. After all the uk is still very much in a reccesion what ever the government claim i look at the building trade and also no work.
Oh I forgot to add in 27 years old decent iq not genious but above 130, numbers seen to be my game I dont care too much for spelling or grammer as whats a spell check for?
Ok after all that im based uk Glasgow and have been paper trading for 2 years using different brokers and have settled with intertrader and employing as scalp system on the AUD/USD only making it a basic as possible 1m charts using macd default, RSi , and price ocilator default.
Intertrader charge 1 pip so my target is +2.3 = £130 take profit. I never let profit run or chance just take and go.
Now when to trade is the tricky bit i would look for a differegence on rsi on the 5 min chart and fit into lower macd within the min within that i would look to tick chart to take same princible and go long/short if the price goes to £120 i will not deal and wait for a min of the£130 but most of the time it is higher.
I will then wait for the 1 min to reverse and retrade on the other side if the trade goes the wrong way i take loss at £500 but at a above 85% win ratio its acceptable.
The problem i face that i work full time so my time in the market (when volitile) is 1200pm-1400pm uk time
Note to this i also add in bollinger bands and 20pma and finnally a price occilator not the stochastic as this orginal was sold to me as the best indicator😱none of theese being the main ind but the combined with rsi and macd slowdown seeem for me strong.
Of my demo accounts each have had different tactics & outcomes however the 1-5m scalping seems profitable my intial outlay would be the 10k with the same as the demo.
I read a lot of people making things more complicated than they need to be ie finabrchi etc at the end of the day it either goes up or down espesically in a small time frame.
If any one could comment or even better someone local to glasgow view my style for a free run in my car :clap:
Im new to trading, my general day to day job is within IT/Telco with decent salary etc, when i mention decent I see various clients making me looking like a bug. I was born into lower/middle class with good parents etc both having degree level jobs just not paid to lead a total rich live style.
I would like to improve on cash inflow while i do my current well paid job.
A bit more about my backround I now see kids born into money fair enough their parents done a good job landed lucky etc which is great for them.
My issue is working for someone else means I will never become rich ( dont get me wrong I live very nice and enjoy many luxurys ie cars i need to wait till i can afford it 3 years later.
Also In the UK I work in IT, and everyone within is undercuting causing empolyers to make a wishlish of qualifications to even apply for a new job at a less salary than im currently on. After all the uk is still very much in a reccesion what ever the government claim i look at the building trade and also no work.
Oh I forgot to add in 27 years old decent iq not genious but above 130, numbers seen to be my game I dont care too much for spelling or grammer as whats a spell check for?
Ok after all that im based uk Glasgow and have been paper trading for 2 years using different brokers and have settled with intertrader and employing as scalp system on the AUD/USD only making it a basic as possible 1m charts using macd default, RSi , and price ocilator default.
Intertrader charge 1 pip so my target is +2.3 = £130 take profit. I never let profit run or chance just take and go.
Now when to trade is the tricky bit i would look for a differegence on rsi on the 5 min chart and fit into lower macd within the min within that i would look to tick chart to take same princible and go long/short if the price goes to £120 i will not deal and wait for a min of the£130 but most of the time it is higher.
I will then wait for the 1 min to reverse and retrade on the other side if the trade goes the wrong way i take loss at £500 but at a above 85% win ratio its acceptable.
The problem i face that i work full time so my time in the market (when volitile) is 1200pm-1400pm uk time
Note to this i also add in bollinger bands and 20pma and finnally a price occilator not the stochastic as this orginal was sold to me as the best indicator😱none of theese being the main ind but the combined with rsi and macd slowdown seeem for me strong.
Of my demo accounts each have had different tactics & outcomes however the 1-5m scalping seems profitable my intial outlay would be the 10k with the same as the demo.
I read a lot of people making things more complicated than they need to be ie finabrchi etc at the end of the day it either goes up or down espesically in a small time frame.
If any one could comment or even better someone local to glasgow view my style for a free run in my car :clap:
