You barely made the 50 pips mark....you naughty student!Hello All,
5 min live trading today.
Thank you NFP :cheesy:
View attachment 205096
Have a good WE.
R.
Bon weekend
You barely made the 50 pips mark....you naughty student!Hello All,
5 min live trading today.
Thank you NFP :cheesy:
View attachment 205096
Have a good WE.
R.
You barely made the 50 pips mark....you naughty student!
Bon weekend
Yes NFP was in my head. That's why I was hurrying up & pushing it to reach the target. As you mentioned GA, I will add it on my chart.
Thank you for sharing the goals. Now we are on. Today actually on EA I was 11 pips in profit. Not just one time 2 times! But I greed more & made loss. Missed 22 pips. I didn't trail position to break even. From now on, with every 10 pips I will trail position to +3 pips.
Good day.
Regards
Sun
Hi Sun
Followed your thread and complete respect to you for seeing that this is a good method worth learning. F is a great teacher of the method and from my 9 years of trying to find it I now know I have found it.
I struggle with taking the 5 to 10 pip profits also and did it at least 3 times today on EA It is our old friend greed popping up and sucking us in. I had 12 and 15 pips moved sl to +3 and ended up with +3 instead of +12 I think it boils down to knowing where the S and R levels from recent and past lie to TP and watch the PA at those levels whether to stay in or get out or take partial TP etc
We will all get there in the end. Like most things in life it takes hard graft to prosper well.
Good Luck with your future SSS
Dave.
Hi K,
Seems that you have to leave as you missed the minimum student's target of 50 pips !
Seriously, I wonder how it's possible to say so arrogant things
R.
If these people would be real experts or millionaires, they would probably not follow F's course.
But let's be positive, some people on this forum really try to help and THIS is wonderful.
No doubt you will do it.
View attachment 204938
All the best.
R.
If you have a certain set of skills and found something else that is interesting then not to explore it further would be quite ignorant.
Many people with good or successful careers can try something else, or taking your statement as face value, it must mean that anyone who spent time following F's thread must be a broke loser. Such a negative and narrow minded sentiment is why some people have difficulties and not only in trading.
Wow, how an off the cuff statement can offend such weak willed people. Grow a pair and keep at it but if it is not for you accept it and move on. Moaning collectively will not make you better at anything!
Group hug anyone?
all nicks are so nastyIf you have a certain set of skills and found something else that is interesting then not to explore it further would be quite ignorant.
Many people with good or successful careers can try something else, or taking your statement as face value, it must mean that anyone who spent time following F's thread must be a broke loser. Such a negative and narrow minded sentiment is why some people have difficulties and not only in trading.
Wow, how an off the cuff statement can offend such weak willed people. Grow a pair and keep at it but if it is not for you accept it and move on. Moaning collectively will not make you better at anything!
Group hug anyone?
Hi F,
Yes, I'm taking the trades from the platform where I have the LRs. On Ctrader I check the longest LRs because as we have mentioned before, the longest LRs differ significantly between platforms and it seems like Ctrader's LRs are the most reliable.
Keen246
My Results for today: -7.4 Net pips.
Nice weekend for all,
Keen246
Hi F,Hi keen
I was hoping this next week to assist you more with your scalping and timing - but unfortunately it might have to be the following week - although I might have some time to trade on T2W after 3 30 pm for a few hrs - which would suit you more being based in US.
First of all - I must compliment you for being open and posting your poor results amongst the other students daily stat's - and of course most of them are not doing to badly at all. Don't feel out of it - remember scalping is not always for everyone - and also some pick it up easily - others take longer to understand more about the concept and how you pull it off.
My first main comments would be - to forget what you have already learnt from the Bob Volman's method- even if you tried it on the 1 min chart. Key to my method is timing - based on time windows and of course LR crosses along with price structure all based off the tick chart and the 1 min time frame.
The 5 mins plus is all too slow - for scalping you need speed . A 10 -15 min scalp for me is slow. My method is not just 20 -60 second moves catching 2 pips - ideally we want 7 -25 pips and some scalps in 4 - 7 mins on some pairs can easily do 10 -15 pips.
Timing and speed and decision making is Key.
You need a set up with one click in and out - so when you see a possible set up - and it fits the criteria - you are in the trade with 2 seconds of saying yes I am taking that.
You need to be able to exit just as fast.
Speed of decision making is also required - you need focus and planning - and to be able to take in all the clues and say yes or no quickly. Procrastination means 70% of the time you have missed the opportunity. Sometimes I can see a set up enter - be up 4 pips and all within 2 mins then exit - because I dont think it will make by 7 -25 pip criteria. I will never be 100% correct - but with super tight stops etc - then if I make 3 mistakes and lose 6 -8 pips - I am not that bothered as 2 good scalps of 7+ pips still means I make a profit.
The longer LRs etc for catching swing trades from scalps really is the second part of the course.
Entries and tight stops are the prerequisite for the whole method and that's why you need to get to a level were -
1 You take more scalps - ideally 8 to 15+ a day over 4 -6 hrs . Taking just 3 or 5 trades is no good - its fine if you get every one right - but you are not getting enough practice - and your skill level will not improve.
2. I agree with you just making 1 or 2 pip profits is not enough. With 5 pip approx stops you need 5+ pip results - ideally 7 + pips. On Friday afternoon UK time check my comment on the sell candle / bar on the EA - after 4 00 pm. You would not have needed more than 5 pip stop and the EA dropped over 50 pips. Moves similar to this happen every day - please don't think they are not there - i find scalps of 7 -25+ pips every day of the week - but I suppose I am covering a 10 -12 hr trading window - even if i only actually trade 2 -4 hrs.
3. Concentrate on say 2 or 3 FX pairs of your preference and make sure you set up is able to check out all of them a least 3 KT's per hour. Focus on the quick 2 LR's along with their structure with the next 2 or 3. Forget the longer ones for now - focus on catching 7 -25 pip moves off stops with maximum size of 7 pips including spread. If it is not working - don't give it 7 pips pull ASAP.
Lets see how you fair over your next 50 + scalps - try and get them in this next week and GL
Regards
F
View attachment 205248
GBPAUD trade. Traded full lot. Just to show the peeling.
It was 14 profit. I closed 70% position & left 30% position on with trailed SL.
Currently on this chart. Market moved 15+ up. So peeling & trailing was nice. I did peeling on a nice Support.
PL = 52 (after paying all commission)
No of Trade: 25
Win rate: 68%
Highest win: 11
highest loss: 6.5
High volatile pairs...
These are my actual results for today: - 45.6 Net Pips.
LRs crossing and tight stops at its best.
Cheers,
K