Mr. Hyde becomes a scalper

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Mr. Hyde
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Re: Mr. Hyde becomes a scalper

Postby Mr. Hyde » Mon Jun 07, 2021 5:12 pm

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

Postby LeMercenaire » Mon Jun 07, 2021 6:44 pm

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.

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aliassmith
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Re: Mr. Hyde becomes a scalper

Postby aliassmith » Mon Jun 07, 2021 7:22 pm

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.
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Re: Mr. Hyde becomes a scalper

Postby Mr. Hyde » Mon Jun 07, 2021 8:23 pm

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.

Mr. Hyde
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Re: Mr. Hyde becomes a scalper

Postby Mr. Hyde » Mon Jun 07, 2021 8:46 pm

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.

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Re: Mr. Hyde becomes a scalper

Postby BambinoFlex » Mon Jun 07, 2021 8:50 pm

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
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Re: Mr. Hyde becomes a scalper

Postby Mr. Hyde » Mon Jun 07, 2021 8:51 pm

That must be it. They are all marked up. Thanks. I'll just post them up tomorrow

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aliassmith
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Re: Mr. Hyde becomes a scalper

Postby aliassmith » Mon Jun 07, 2021 9:18 pm

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.
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Re: Mr. Hyde becomes a scalper

Postby Mr. Hyde » Mon Jun 07, 2021 9:25 pm

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
Attachments
Screenshot_20210601-104121_TradingView.jpg
Screenshot_20210601-104121_TradingView.jpg (98.42 KiB) Viewed 1032 times

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LeMercenaire
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Re: Mr. Hyde becomes a scalper

Postby LeMercenaire » Tue Jun 08, 2021 12:53 pm

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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