How to be a MOnster

[Mira]

The loss is a perfect trade from the opposite perspective.

[Mr. Hyde]

Thanks guys!

I have a job (that I hate) in the morning, I can trade in the afternoon and in the evening but I have many other things to do.. that’s why waiting for these setups could be a real struggle.

Right, that info helps.

There are imo, two ways to cover your situation:

1: Run lots of pairs which are scanned quickly for some specific High Time-Frame set-up. A snake-gun approach...or...

2: A scalping method that runs on very specific pairs that have the movement profile suitable for scalping.

The first way would get you the trades by sheer number of possible targets. It would involve pairs at a new extreme and would let you then run some kind of reversal - a kind of Supercharged Rat Trade scenario.

The second way would run on the SS-G framework. Directional bias established and wham-bam-thank-you-maam entries and exits. Assuming the right pairs are chosen, ones with the necessary movement profile and you go in heavy enough, that should give you enough bang for your buck.

For me, I would have an overlay of Daily Wick-Zone. This would work for both approaches. It is one of the simplest but most effective ways of getting a quick overview of what price is likely to do through the day.

I would also bear in mind the H4 or H1 WZ aspect at any given time of the particular trade.

Finally, I'd use Supply+Demand Zones...

In fact, that could give an additional option:

3: Scalping Micro-S+D Zones.

You can obviously simply do the same on the higher time-frames but then you are facing the find-a-trade issue again. This way, you would find the particular trigger zone on the higher tf and then drop progressively down, eventually scalping at the sharp end.

As an aside, #3 is basically what I did all arvo on UC. 22 trades from 13:06 to final close at 19:25 uk time.

Holy hell batman! 22 trades. How long you been trading? Im guessing a while and Im guessing you have had exposure to the institutional side of things to. You don't strike me as someone who has just been on the retail side of things for his trading career.

[Mira]

Right, that info helps.

There are imo, two ways to cover your situation:

1: Run lots of pairs which are scanned quickly for some specific High Time-Frame set-up. A snake-gun approach...or...

2: A scalping method that runs on very specific pairs that have the movement profile suitable for scalping.

The first way would get you the trades by sheer number of possible targets. It would involve pairs at a new extreme and would let you then run some kind of reversal - a kind of Supercharged Rat Trade scenario.

The second way would run on the SS-G framework. Directional bias established and wham-bam-thank-you-maam entries and exits. Assuming the right pairs are chosen, ones with the necessary movement profile and you go in heavy enough, that should give you enough bang for your buck.

For me, I would have an overlay of Daily Wick-Zone. This would work for both approaches. It is one of the simplest but most effective ways of getting a quick overview of what price is likely to do through the day.

I would also bear in mind the H4 or H1 WZ aspect at any given time of the particular trade.

Finally, I'd use Supply+Demand Zones...

In fact, that could give an additional option:

3: Scalping Micro-S+D Zones.

You can obviously simply do the same on the higher time-frames but then you are facing the find-a-trade issue again. This way, you would find the particular trigger zone on the higher tf and then drop progressively down, eventually scalping at the sharp end.

As an aside, #3 is basically what I did all arvo on UC. 22 trades from 13:06 to final close at 19:25 uk time.

Holy hell batman! 22 trades. How long you been trading? Im guessing a while and Im guessing you have had exposure to the institutional side of things to. You don't strike me as someone who has just been on the retail side of things for his trading career.

Can’t wait to hear more about it

[LeMercenaire]

Right, sorry for the delay on this. Time flies when you're having fun and all that. Y'all actually got me thinking when you asked about this, as I haven't really formally put anything down on ''paper'' on this so far.

I should say that I would normally use this as a recovery set-up most of the time just now. It can be too easy to overtrade if this was your only method, losing sight of the structure and discipline needed to keep things under control. There is sometimes a misconception about scalping that it's a wild-west shoot 'em up style of trading, whereas nothing could be farther from the truth. There is no more psychologically brutal and draining form of trading than highball scalping. It truly is not for everyone.

Anyway...

Assuming a directional bias has been established and assuming that the pair we're on has already been seen to have a solid zone on one of the higher time-frames, then I will drop progressively down the time-frames to see what is happening down there. There is no point getting involved in anything if you drop from what looks like a clean H4 or H1 and then the m30 has row-upon-row of thin zones blocking your way just a short distance away, with no room to breathe.

So, we check and we have a nice open space between the higher TF and the next level of zones. Then you drop again and again, m15 to m5 to m1. Get an overview.

If all looks good, get back up to H1 and wait till price makes its move close to the zone we're looking at.

Drop to the m15.

Is there a trigger closer to price than on the H1? If so, you need to be careful, as the upper TF zone will exert more influence, so if you go in too early on the lower move, price can blow through till it reaches the higher TF zone.

All is not lost, however, as you can, if you're so inclined - and I must admit it's normal practice for me - fade the move. That's a subject all of its own, however and is not a necessary or standard feature of the technique.

So, moving on, we've checked the m15 and say it looks good, price is getting to the limit of the zone.

Drop down to m5. This is your main chart entry point and should pretty much line up with the level on the m15. If it doesn't, then something's off. Walk away for now. See what happens.

Assuming we're good, you will now see the difference between Supply + Demand and Support + Resistance. With S&R, you'd be looking for price to touch the line and get in at that line. With S+D, you are more looking for price to get into the zone and then can enter at any point.

This entry can then be using whatever method you favour. It can be a WZ, RAT, IB Break, or simple exit of the zone, whatever. This is where you can drop SS-G over the top. I will use a combination of micro-WZ and SS-G if it ties in.

For my exact entry, I will be down on the M1. Once in, I will go back up to the m5, as watching the m1 dance can drive you nuts.

Once the spread has been cleared, I will look to never let the trade go negative. I will use the m5 or m15 candle as a WZ set-up and my absolute close - or in my case, counter - will be the opposite WZ trigger.

I don't care if I get 1 pip or 1/2 pip. I bag it. If price then turns back to my original direction, I enter again, no hesitation.

My target is the opposite zone closest. The option is to have your targets determined by SS-G trade-management.

If I get in on a good runner, then I will add in using SS-G entries and / or re-enter at a new micro-zone on a retrace.

And that's kind of it. The best set-up you can get for the basic set up is a HOLO-style look, where you've had a break from contraction into another zone, where price will track along sideways but still with a reasonable distance between S+D zones on the H1.

Obviously a big-hitter is great but we're specifically talking about the scalping side here, not catching long runners.

I think I got it all in there - but if it all comes across as ''eh-wot?'' in any places, just ask. I'll do my best to clear up any confusion.

[LeMercenaire]

Oh yeah, even although I said I was using an established directional bias, I will still take trades in both directions, just that I will be aware that any trades taken against my main direction will probably not last as long.

No matter what, any sign of a stall and I'm out of there, directional bias or not.

[LeMercenaire]

Right, that info helps.

There are imo, two ways to cover your situation:

1: Run lots of pairs which are scanned quickly for some specific High Time-Frame set-up. A snake-gun approach...or...

2: A scalping method that runs on very specific pairs that have the movement profile suitable for scalping.

The first way would get you the trades by sheer number of possible targets. It would involve pairs at a new extreme and would let you then run some kind of reversal - a kind of Supercharged Rat Trade scenario.

The second way would run on the SS-G framework. Directional bias established and wham-bam-thank-you-maam entries and exits. Assuming the right pairs are chosen, ones with the necessary movement profile and you go in heavy enough, that should give you enough bang for your buck.

For me, I would have an overlay of Daily Wick-Zone. This would work for both approaches. It is one of the simplest but most effective ways of getting a quick overview of what price is likely to do through the day.

I would also bear in mind the H4 or H1 WZ aspect at any given time of the particular trade.

Finally, I'd use Supply+Demand Zones...

In fact, that could give an additional option:

3: Scalping Micro-S+D Zones.

You can obviously simply do the same on the higher time-frames but then you are facing the find-a-trade issue again. This way, you would find the particular trigger zone on the higher tf and then drop progressively down, eventually scalping at the sharp end.

As an aside, #3 is basically what I did all arvo on UC. 22 trades from 13:06 to final close at 19:25 uk time.

Holy hell batman! 22 trades. How long you been trading? Im guessing a while and Im guessing you have had exposure to the institutional side of things to. You don't strike me as someone who has just been on the retail side of things for his trading career.

Lol. Yeah, it's been a while. Let me think...hell, let's just round it up to 20 years, it's close enough.

My brother spotted it early but after a quick look, I bailed on it as I didn't have a scooby. Went into the nice, steady, world of film-making, ha ha.

I had to find my own way back and when I did, I ended up working for his Prop Fund. Specialised in very long tf set-ups that actually due to the fractal nature of the markets, were pretty close to the principles behind HOLO.

All of that meant that I could indulge in all sorts of good stuff and eventually I was capable and more importantly confident enough to go out on my own. That was maybe 10 or 12 years ago. Never looked back. However, I have Avery via TooSlow to thank for my conversion to true Alien Technology. Avery's methodology of See-Line-Trade-Line meshed perfectly with my style of trading. I have never been the same since my abduction

As for the 22 trades, that isn't actually a typical day. It was a very specific situation and set of circumstances. Reading my stuff, you'll know that I have my stable of methods that fill specific time-slots in the day. I will however still go freelance once in a while like that just to keep my hand in, or if I see a perfect set-up just sitting there begging to be plundered.

I never post statements or whatever but in this one case, it may be useful to see the way the stream played out. I have also cropped out the actual monetary gains as that is not what this is about. I do not want this to come across as bragging in any way shape or form.

You will notice that there are trades in both directions as mentioned elsewhere on the discussion about scalping the micro-S+D Zones.

2018-02-28 UC Statement - crop.png (71.12 KiB) Viewed 2949 times

As an aside, one of the things I will do which helps with grooving your scalping method, is to take a demo trade in some random direction - doesn't matter which - and just let it go bad in a big way. Then scalp it back into positive territory. My record is £20G so far, lol. Now I'm not talking about just blindly firing off trades on the off chance things will go your way but sticking totally to your method and keeping calm, focused and on-point.

I also spent time as a pro Football Placekicker and then sport-climber and what they all have in common is precise and focused practice. No wasted energy or distraction. Mental toughness. Work toward one end. Rep, rep and rep some more.

[Mr. Hyde]

As an aside, #3 is basically what I did all arvo on UC. 22 trades from 13:06 to final close at 19:25 uk time.

Holy hell batman! 22 trades. How long you been trading? Im guessing a while and Im guessing you have had exposure to the institutional side of things to. You don't strike me as someone who has just been on the retail side of things for his trading career.

Lol. Yeah, it's been a while. Let me think...hell, let's just round it up to 20 years, it's close enough.

My brother spotted it early but after a quick look, I bailed on it as I didn't have a scooby. Went into the nice, steady, world of film-making, ha ha.

I had to find my own way back and when I did, I ended up working for his Prop Fund. Specialised in very long tf set-ups that actually due to the fractal nature of the markets, were pretty close to the principles behind HOLO.

All of that meant that I could indulge in all sorts of good stuff and eventually I was capable and more importantly confident enough to go out on my own. That was maybe 10 or 12 years ago. Never looked back. However, I have Avery via TooSlow to thank for my conversion to true Alien Technology. Avery's methodology of See-Line-Trade-Line meshed perfectly with my style of trading. I have never been the same since my abduction

As for the 22 trades, that isn't actually a typical day. It was a very specific situation and set of circumstances. Reading my stuff, you'll know that I have my stable of methods that fill specific time-slots in the day. I will however still go freelance once in a while like that just to keep my hand in, or if I see a perfect set-up just sitting there begging to be plundered.

I never post statements or whatever but in this one case, it may be useful to see the way the stream played out. I have also cropped out the actual monetary gains as that is not what this is about. I do not want this to come across as bragging in any way shape or form.

You will notice that there are trades in both directions as mentioned elsewhere on the discussion about scalping the micro-S+D Zones.

2018-02-28 UC Statement - crop.png

As an aside, one of the things I will do which helps with grooving your scalping method, is to take a demo trade in some random direction - doesn't matter which - and just let it go bad in a big way. Then scalp it back into positive territory. My record is £20G so far, lol. Now I'm not talking about just blindly firing off trades on the off chance things will go your way but sticking totally to your method and keeping calm, focused and on-point.

I also spent time as a pro Football Placekicker and then sport-climber and what they all have in common is precise and focused practice. No wasted energy or distraction. Mental toughness. Work toward one end. Rep, rep and rep some more.

[Leoheart]

As an aside, #3 is basically what I did all arvo on UC. 22 trades from 13:06 to final close at 19:25 uk time.

Holy hell batman! 22 trades. How long you been trading? Im guessing a while and Im guessing you have had exposure to the institutional side of things to. You don't strike me as someone who has just been on the retail side of things for his trading career.

Lol. Yeah, it's been a while. Let me think...hell, let's just round it up to 20 years, it's close enough.

My brother spotted it early but after a quick look, I bailed on it as I didn't have a scooby. Went into the nice, steady, world of film-making, ha ha.

I had to find my own way back and when I did, I ended up working for his Prop Fund. Specialised in very long tf set-ups that actually due to the fractal nature of the markets, were pretty close to the principles behind HOLO.

All of that meant that I could indulge in all sorts of good stuff and eventually I was capable and more importantly confident enough to go out on my own. That was maybe 10 or 12 years ago. Never looked back. However, I have Avery via TooSlow to thank for my conversion to true Alien Technology. Avery's methodology of See-Line-Trade-Line meshed perfectly with my style of trading. I have never been the same since my abduction

As for the 22 trades, that isn't actually a typical day. It was a very specific situation and set of circumstances. Reading my stuff, you'll know that I have my stable of methods that fill specific time-slots in the day. I will however still go freelance once in a while like that just to keep my hand in, or if I see a perfect set-up just sitting there begging to be plundered.

I never post statements or whatever but in this one case, it may be useful to see the way the stream played out. I have also cropped out the actual monetary gains as that is not what this is about. I do not want this to come across as bragging in any way shape or form.

You will notice that there are trades in both directions as mentioned elsewhere on the discussion about scalping the micro-S+D Zones.

2018-02-28 UC Statement - crop.png

As an aside, one of the things I will do which helps with grooving your scalping method, is to take a demo trade in some random direction - doesn't matter which - and just let it go bad in a big way. Then scalp it back into positive territory. My record is £20G so far, lol. Now I'm not talking about just blindly firing off trades on the off chance things will go your way but sticking totally to your method and keeping calm, focused and on-point.

I also spent time as a pro Football Placekicker and then sport-climber and what they all have in common is precise and focused practice. No wasted energy or distraction. Mental toughness. Work toward one end. Rep, rep and rep some more.

Guys, Lem also forgot to mention that HE is Batman,lol. Beast..

[LeMercenaire]

Holy hell batman! 22 trades. How long you been trading? Im guessing a while and Im guessing you have had exposure to the institutional side of things to. You don't strike me as someone who has just been on the retail side of things for his trading career.

Lol. Yeah, it's been a while. Let me think...hell, let's just round it up to 20 years, it's close enough.

My brother spotted it early but after a quick look, I bailed on it as I didn't have a scooby. Went into the nice, steady, world of film-making, ha ha.

I had to find my own way back and when I did, I ended up working for his Prop Fund. Specialised in very long tf set-ups that actually due to the fractal nature of the markets, were pretty close to the principles behind HOLO.

All of that meant that I could indulge in all sorts of good stuff and eventually I was capable and more importantly confident enough to go out on my own. That was maybe 10 or 12 years ago. Never looked back. However, I have Avery via TooSlow to thank for my conversion to true Alien Technology. Avery's methodology of See-Line-Trade-Line meshed perfectly with my style of trading. I have never been the same since my abduction

As for the 22 trades, that isn't actually a typical day. It was a very specific situation and set of circumstances. Reading my stuff, you'll know that I have my stable of methods that fill specific time-slots in the day. I will however still go freelance once in a while like that just to keep my hand in, or if I see a perfect set-up just sitting there begging to be plundered.

I never post statements or whatever but in this one case, it may be useful to see the way the stream played out. I have also cropped out the actual monetary gains as that is not what this is about. I do not want this to come across as bragging in any way shape or form.

You will notice that there are trades in both directions as mentioned elsewhere on the discussion about scalping the micro-S+D Zones.

2018-02-28 UC Statement - crop.png

As an aside, one of the things I will do which helps with grooving your scalping method, is to take a demo trade in some random direction - doesn't matter which - and just let it go bad in a big way. Then scalp it back into positive territory. My record is £20G so far, lol. Now I'm not talking about just blindly firing off trades on the off chance things will go your way but sticking totally to your method and keeping calm, focused and on-point.

I also spent time as a pro Football Placekicker and then sport-climber and what they all have in common is precise and focused practice. No wasted energy or distraction. Mental toughness. Work toward one end. Rep, rep and rep some more.

Guys, Lem also forgot to mention that HE is Batman,lol. Beast..

Ha! That made me laugh going into a grim Monday morning. Thanks!

[Leoheart]

Lol. Yeah, it's been a while. Let me think...hell, let's just round it up to 20 years, it's close enough.

My brother spotted it early but after a quick look, I bailed on it as I didn't have a scooby. Went into the nice, steady, world of film-making, ha ha.

I had to find my own way back and when I did, I ended up working for his Prop Fund. Specialised in very long tf set-ups that actually due to the fractal nature of the markets, were pretty close to the principles behind HOLO.

All of that meant that I could indulge in all sorts of good stuff and eventually I was capable and more importantly confident enough to go out on my own. That was maybe 10 or 12 years ago. Never looked back. However, I have Avery via TooSlow to thank for my conversion to true Alien Technology. Avery's methodology of See-Line-Trade-Line meshed perfectly with my style of trading. I have never been the same since my abduction

As for the 22 trades, that isn't actually a typical day. It was a very specific situation and set of circumstances. Reading my stuff, you'll know that I have my stable of methods that fill specific time-slots in the day. I will however still go freelance once in a while like that just to keep my hand in, or if I see a perfect set-up just sitting there begging to be plundered.

I never post statements or whatever but in this one case, it may be useful to see the way the stream played out. I have also cropped out the actual monetary gains as that is not what this is about. I do not want this to come across as bragging in any way shape or form.

You will notice that there are trades in both directions as mentioned elsewhere on the discussion about scalping the micro-S+D Zones.

2018-02-28 UC Statement - crop.png

As an aside, one of the things I will do which helps with grooving your scalping method, is to take a demo trade in some random direction - doesn't matter which - and just let it go bad in a big way. Then scalp it back into positive territory. My record is £20G so far, lol. Now I'm not talking about just blindly firing off trades on the off chance things will go your way but sticking totally to your method and keeping calm, focused and on-point.

I also spent time as a pro Football Placekicker and then sport-climber and what they all have in common is precise and focused practice. No wasted energy or distraction. Mental toughness. Work toward one end. Rep, rep and rep some more.

Guys, Lem also forgot to mention that HE is Batman,lol. Beast..

Ha! That made me laugh going into a grim Monday morning. Thanks!

Grim Monday morning? Don't be fooled by sheep. We should all be rejoicing "Thank GOD it's Monday". You welcome buddy.