Mr. Hyde becomes a scalper
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Re: Mr. Hyde becomes a scalper
The biggest problem im going to have is taking profit when its there and not trying to see if if i can hold and turn it into a swing trade.
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- LeMercenaire
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Re: Mr. Hyde becomes a scalper
Mr. Hyde wrote:The biggest problem im going to have is taking profit when its there and not trying to see if if i can hold and turn it into a swing trade.
That's the true key to the scalping mentality.
- aliassmith
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Re: Mr. Hyde becomes a scalper
LeMercenaire wrote:Mr. Hyde wrote:The biggest problem im going to have is taking profit when its there and not trying to see if if i can hold and turn it into a swing trade.
That's the true key to the scalping mentality.
I have a take profit system for scalping that works like this.
That looks "good enough" then I close.
Trade Your Way as Long as It Makes Money!
Re: Mr. Hyde becomes a scalper
I definitely appreciate all the advice.
I'll post my afternoon trades tomorrow. I need to explain how I'm trading ranges and certain type of supply and demand zones.
Also this is exhausting. Six hours of watching a 3 min chart takes its toll. Plus another 4 hours before thst trading In London. But the potential pay off could be killer. Gonna be alot of self exploration in this thread.
I'll post my afternoon trades tomorrow. I need to explain how I'm trading ranges and certain type of supply and demand zones.
Also this is exhausting. Six hours of watching a 3 min chart takes its toll. Plus another 4 hours before thst trading In London. But the potential pay off could be killer. Gonna be alot of self exploration in this thread.
Re: Mr. Hyde becomes a scalper
Trying to add a pic from my phone but saying it's to big. Any work around with that.
But either way just going to give a run down on how I trade ranges and SD. It's very simple. I just enter a limit order at the range extreme and then put my stop loss outside of price. Target is the otherwise. I keep trading up and down until price breaks out.
SD I look for repeatable patterns but fir me to place a limit order with out looking price has to be at a level of importance. I know that might seem to simple but it really is just that. I look for a burst of momo and I look around to see if there is a reason fir price to turn. I'll post some charts tomorrow but just giving a sneak peak.
But either way just going to give a run down on how I trade ranges and SD. It's very simple. I just enter a limit order at the range extreme and then put my stop loss outside of price. Target is the otherwise. I keep trading up and down until price breaks out.
SD I look for repeatable patterns but fir me to place a limit order with out looking price has to be at a level of importance. I know that might seem to simple but it really is just that. I look for a burst of momo and I look around to see if there is a reason fir price to turn. I'll post some charts tomorrow but just giving a sneak peak.
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- BambinoFlex
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Re: Mr. Hyde becomes a scalper
Mr. Hyde wrote:Trying to add a pic from my phone but saying it's to big. Any work around with that.
But either way just going to give a run down on how I trade ranges and SD. It's very simple. I just enter a limit order at the range extreme and then put my stop loss outside of price. Target is the otherwise. I keep trading up and down until price breaks out.
SD I look for repeatable patterns but fir me to place a limit order with out looking price has to be at a level of importance. I know that might seem to simple but it really is just that. I look for a burst of momo and I look around to see if there is a reason fir price to turn. I'll post some charts tomorrow but just giving a sneak peak.
Try to crop it. I think that happens to me at times. Also, don’t write anything on the photos
"If you're wrong, guess what...thats TRADING"
Re: Mr. Hyde becomes a scalper
That must be it. They are all marked up. Thanks. I'll just post them up tomorrow
- aliassmith
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Re: Mr. Hyde becomes a scalper
Mr. Hyde wrote:That must be it. They are all marked up. Thanks. I'll just post them up tomorrow
Your phone screenshots in HD or 4k resolution. This makes your file size to big to post. You wil need to crop them and or compress them to get under kreslik 100kish limit.
Trade Your Way as Long as It Makes Money!
Re: Mr. Hyde becomes a scalper
Since everyone was so helpful. Here is gbpcad 4hr. This pic was taken on June 1st so a lil dated. But I think currently there has been six winning trades and one running. Average RR is 4 to 1.
But see how simple you just put limit orders and just let price bounce back and forth. I know for some you might think geez this is sk obvious. But I just added this to my trading plan and absolutely love it. I'll post some more examples tomorrow
But see how simple you just put limit orders and just let price bounce back and forth. I know for some you might think geez this is sk obvious. But I just added this to my trading plan and absolutely love it. I'll post some more examples tomorrow
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- LeMercenaire
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Re: Mr. Hyde becomes a scalper
aliassmith wrote:LeMercenaire wrote:Mr. Hyde wrote:The biggest problem im going to have is taking profit when its there and not trying to see if if i can hold and turn it into a swing trade.
That's the true key to the scalping mentality.
I have a take profit system for scalping that works like this.
That looks "good enough" then I close.
Yep!
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