Mr. Hyde becomes a scalper

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Mr. Hyde
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Re: Mr. Hyde becomes a scalper

Postby Mr. Hyde » Wed Jun 09, 2021 3:47 pm

For anyone reading. Have you heard of a quasimodo pattern. Hint its a version of the head and shoulder pattern. See if anyone wants to guess before i show a chart of a live trade taken today of it.

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BambinoFlex
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Re: Mr. Hyde becomes a scalper

Postby BambinoFlex » Wed Jun 09, 2021 4:31 pm

Not that good at patterns but I’m guessing there a hump somewhere?
Trading the TRO way

"If you're wrong, guess what...thats TRADING"

“Taking 15 pips and resizing your trade is vastly more profitable than holding for 100, 1000, or even 10,000 pips.” - MO

Mr. Hyde
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Re: Mr. Hyde becomes a scalper

Postby Mr. Hyde » Wed Jun 09, 2021 4:49 pm

Beautfil day so far. 3 out of 4. Missed a reversal i def should have took. Chickened out. And got another one open now.

Mr. Hyde
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Re: Mr. Hyde becomes a scalper

Postby Mr. Hyde » Wed Jun 09, 2021 4:50 pm

BambinoFlex wrote:Not that good at patterns but I’m guessing there a hump somewhere?


Ill show you a beautiful one i took today. I like them cuz i can just throw out a limit order and just let price wick me in. Made 3.5 to 1. Could have added but still working on that.

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Re: Mr. Hyde becomes a scalper

Postby Mr. Hyde » Wed Jun 09, 2021 5:41 pm

Def gonna have to build up to sclaping 6 hours a day. I got a solid 3 or 4 hours in me, especially if im winning and price is playing nice. Price has been in a 10 pt range all day and i have still made some money but I can feel the "*censored - swear word* it" just buy/sell it and hold it coming on. DISCPLINE. PATIENCES. FOCUS.

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Re: Mr. Hyde becomes a scalper

Postby Mr. Hyde » Wed Jun 09, 2021 6:29 pm

Alright. Quasimodo pattern. Its a head and shoulder pattern where the right shoulder closes below the left shoulder. When price does this i look the the left shoulder extreme and find the highest close. Not the highest point. We set are limit order there with are stops above the head. Targets are either left shoulder pivot, right shoulder pivot, start of move or hold for break out. There was a nice demand zone at the start of the move so thats what i aimed for. The orange box shows where i could have added for another 2 to 1. But it still was worth 3.5.

oG7CYgAv.png
oG7CYgAv.png (112.73 KiB) Viewed 246 times

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Re: Mr. Hyde becomes a scalper

Postby Mr. Hyde » Wed Jun 09, 2021 6:33 pm

Final tally was 3 winners, 2 or 3 missed trades, 1 loser, 1 be, 1 still open. Won 3 out of 6 so far. About 5 to 1. Not shabby. Exhausted!!!!

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Re: Mr. Hyde becomes a scalper

Postby Mr. Hyde » Wed Jun 09, 2021 6:39 pm

Extra credit for whoever. Find the quasimodo pattern in the afternoon session. Which is my still open trade.

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Re: Mr. Hyde becomes a scalper

Postby Mr. Hyde » Wed Jun 09, 2021 7:51 pm

GRAND SLAM!!!! I'll post tomorrow. Had my balls drop and added twice.

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Re: Mr. Hyde becomes a scalper

Postby IgazI » Wed Jun 09, 2021 8:06 pm

Mr. Hyde wrote:Def gonna have to build up to sclaping 6 hours a day. I got a solid 3 or 4 hours in me, especially if im winning and price is playing nice. Price has been in a 10 pt range all day and i have still made some money but I can feel the "*censored - swear word* it" just buy/sell it and hold it coming on. DISCPLINE. PATIENCES. FOCUS.


You can take all of your actions, from drawing lines to placing orders, on the open of a new 5 minute bar and then go back to smoking your cigar; in so doing you will have reduced an hour into just 12 minutes of trading.

It doesn't matter if you are trading a 2 or 3 minute, an hourly, or a daily chart, if the clock is not at a multiple of 5 minutes then there is nothing to do.

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