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dchappy
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Postby dchappy » Wed Jul 24, 2013 10:34 pm

I see 3 or 4, 5 pip wins and maybe 1 breakeven . scalping this 5 pip chart I

would only be looking for small 5pip trades . You don't need a lot of pips each day to make a good living .

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newscalper
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Postby newscalper » Wed Jul 24, 2013 10:41 pm

LOL. You're kidding?
If criteria for exit is one against they don't even make the spread m8

dchappy
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Postby dchappy » Wed Jul 24, 2013 10:54 pm

Nope , I,m not kidding at all .

set a 5 pip tp at entry and enter at a cross ,


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FXfreak
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Postby FXfreak » Thu Jul 25, 2013 5:58 am

anybody trading now? i'm long eu 1.3210, sl at -2

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dojirock
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Postby dojirock » Thu Jul 25, 2013 6:04 am

He's not kidding.

Use logic.

10-12 pip SL
4 Pip Renko
Breakouts, stack the crap out of a trade

Very Easy if you have time and patience.

I trade this pair like this. (low spread)
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audusdm4.png
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"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

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Postby FXfreak » Thu Jul 25, 2013 6:08 am

out +6

FXfreak
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Postby FXfreak » Thu Jul 25, 2013 6:30 am

took a long with -5, now short 09, target bo 1h, sl -4

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Postby FXfreak » Thu Jul 25, 2013 6:38 am

-2, long now, small stops

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Postby FXfreak » Thu Jul 25, 2013 6:40 am

entry was 11, tg 26

out be

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newscalper
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Postby newscalper » Thu Jul 25, 2013 7:16 am

dojirock wrote:He's not kidding.

Use logic.

10-12 pip SL
4 Pip Renko
Breakouts, stack the crap out of a trade

Very Easy if you have time and patience.

I trade this pair like this. (low spread)


right...using logic: so you've set a TP for 5 pips but somehow manage to let the trades run and stack them, very interesting.

Going back to my chart, I think people looking at renko charts in hindsight don't look at them right. The arrows where the crosses are are not the box you would enter on, you would enter on the next one. MACD is the same as any indi like that whether it be stocastic or whatever whereby the cross is not there until the bar is closed otherwise it waves back and forth, show a chart showing a loss and everyone goes 'but the macd wasn't crossed' lol. Entry is on the next bar, likewise if exit is based on colour change the bar after is the exit and all the trades I've listed as a loss are a loss.
If you are then intending on letting them run, stacking etc, there are definitely, no bu1lshitting about it, pre set TPs for 5 pips either and even if that were possible, using 5 and 5 will still kill your account as you won't make the spread in the long haul.

BTW, the chart seems to be illustrating the histogram crossing? rather than the slow line crossing??
Last edited by newscalper on Thu Jul 25, 2013 7:32 am, edited 1 time in total.

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