PowerX Strategy "PowerZ"

[prochargedmopar]

This h1 is a "static" chart.
It's up, it's in, but it's also below so it may not be up. LOL

###misc1.jpg (166.14 KiB) Viewed 1071 times

[IgazI]

Imagine, I know you don't have to imagine but, how much money high quality/legit scalpers would be making.
Trading life for pennies or even no pennies at all is NOT THE WAY.

The chance of you becoming a successful scalper is f-ck all. . .

You can be successful in the short term, wildly successful even, and then reality is going to come knocking

I'm not saying that it can't be done, I'm just saying that "you're not that guy"; if you think that you're going to compete with
the big boys then you've got another thing coming.

Do you want to live? do you? target the multihour moves!

[Don_xyZ]

Imagine, I know you don't have to imagine but, how much money high quality/legit scalpers would be making.
Trading life for pennies or even no pennies at all is NOT THE WAY.

The chance of you becoming a successful scalper is f-ck all. . .

You can be successful in the short term, wildly successful even, and then reality is going to come knocking

I'm not saying that it can't be done, I'm just saying that "you're not that guy"; if you think that you're going to compete with
the big boys then you've got another thing coming.

Do you want to live? do you? target the multihour moves!

Agree.

People can make big money from scalping. For sure.

But....

Making bigger money can only be achieved once you step beyond scalping.

Here's a scenario with alternate endings...

You can scalp with 1 lot for 2 pips net (or whatever amount you want).

#1 if you want to go conservative, you can keep doing this until you decide to up the ante or

#2 if you want to be aggressive, you compound or parlay. But this method will be useless once you hit the max leverage allowed by the broker. This is the limit of any scalping method in the world. You can scalp multiple or hundreds of times a day but you will never be able to open a position bigger than what the broker allows. Now then, if the broker only allows small leverage anyway, by default, any scalping technique is already limited. And you are exchanging time for pips if you continue this way. No math or technique is available to beat leverage limitation by brokers. The only one who can disprove me is a snake oil salesman. Leverage is the enemy of compounding or parlaying.

What to do? Yes. Target big pips, go beyond scalping.

[aliassmith]

Imagine, I know you don't have to imagine but, how much money high quality/legit scalpers would be making.
Trading life for pennies or even no pennies at all is NOT THE WAY.

The chance of you becoming a successful scalper is f-ck all. . .

You can be successful in the short term, wildly successful even, and then reality is going to come knocking

I'm not saying that it can't be done, I'm just saying that "you're not that guy"; if you think that you're going to compete with
the big boys then you've got another thing coming.

Do you want to live? do you? target the multihour moves!

Agree.

People can make big money from scalping. For sure.

But....

Making bigger money can only be achieved once you step beyond scalping.

Here's a scenario with alternate endings...

You can scalp with 1 lot for 2 pips net (or whatever amount you want).

#1 if you want to go conservative, you can keep doing this until you decide to up the ante or

#2 if you want to be aggressive, you compound or parlay. But this method will be useless once you hit the max leverage allowed by the broker. This is the limit of any scalping method in the world. You can scalp multiple or hundreds of times a day but you will never be able to open a position bigger than what the broker allows. Now then, if the broker only allows small leverage anyway, by default, any scalping technique is already limited. And you are exchanging time for pips if you continue this way. No math or technique is available to beat leverage limitation by brokers. The only one who can disprove me is a snake oil salesman. Leverage is the enemy of compounding or parlaying.

What to do? Yes. Target big pips, go beyond scalping.

Ya the big money is really on the H1 or long charts. If you get your M1 size to play on an H4 that can be huge. A few big swings can make your month.

[aliassmith]

The chance of you becoming a successful scalper is f-ck all. . .

You can be successful in the short term, wildly successful even, and then reality is going to come knocking

I'm not saying that it can't be done, I'm just saying that "you're not that guy"; if you think that you're going to compete with
the big boys then you've got another thing coming.

Do you want to live? do you? target the multihour moves!

Agree.

People can make big money from scalping. For sure.

But....

Making bigger money can only be achieved once you step beyond scalping.

Here's a scenario with alternate endings...

You can scalp with 1 lot for 2 pips net (or whatever amount you want).

#1 if you want to go conservative, you can keep doing this until you decide to up the ante or

#2 if you want to be aggressive, you compound or parlay. But this method will be useless once you hit the max leverage allowed by the broker. This is the limit of any scalping method in the world. You can scalp multiple or hundreds of times a day but you will never be able to open a position bigger than what the broker allows. Now then, if the broker only allows small leverage anyway, by default, any scalping technique is already limited. And you are exchanging time for pips if you continue this way. No math or technique is available to beat leverage limitation by brokers. The only one who can disprove me is a snake oil salesman. Leverage is the enemy of compounding or parlaying.

What to do? Yes. Target big pips, go beyond scalping.

Ya the big money is really on the H1 or long charts. If you get your M1 size to play on an H4 that can be huge. A few big swings can make your month.

Over 250 tick on the H1 chart. Getting in on scalping size is big.

[IgazI]

M10_.jpg (237.74 KiB) Viewed 935 times

[IgazI]

Instead of points, we just use high and low horizontals. . .

The difference between the charts is this:
1) you are looking at 1/3 less data
2) it stacks the remaining 2/3 into just 1 thing.

They trade the same, I just think that it is easier to read the top chart.

line_charts_doh.jpg (120.26 KiB) Viewed 847 times

This is the way that we used to plot line charts decades ago. . .

it's exactly the same as the squiggly, the order of the closes and all:

OG.jpg (122.42 KiB) Viewed 847 times

[IgazI]

There are no "special people":

Once you learn "the trick" then you can solve Rubik's cubes, memorize the order of decks of cards, add and subtract large numbers in your head, or anything else that you set your mind to do.

"Special people": take more notes, plan everything, study, simplify, . . .that's the only difference.

[prochargedmopar]

There are no "special people":

Once you learn "the trick" then you can solve Rubik's cubes, memorize the order of decks of cards, add and subtract large numbers in your head, or anything else that you set your mind to do.

"Special people": take more notes, plan everything, study, simplify, . . .that's the only difference.

And that is what makes them special, along with a genetic superiority to do so.

Spud Web did everything he needed to do
Still fell short.

He outperformed everyone else on the planet his size except, who was that other short dude an " or 2 taller?

Usain Bolt
Ryan Crouser
Michael Jordan
Tiger Woods
Michael Phelps
Ronnie Coleman
Barry Sanders

There are others more dedicated, committed, willing to do more drugs, etc but still fall short.
There have also been many others in each discipline above with MORE talent that DID NOT MAKE THE CUT.

Every single one of those dudes could name someone they came across in their lifetime that could have been "better" than them.
BUT.

[BambinoFlex]

M10_.jpg

Very good example of trading a large chart. The multichart cross hair really is useful here