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Simple Scalp Machine

  • #121
  • May 9, 2011 7:39am May 9, 2011 7:39am
Trade Example

Silver, M5, 2011 Mai 09

Trading with weelxAMA & the Pivatol Points.
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  • #122
  • May 9, 2011 8:19am May 9, 2011 8:19am
Quoting Forexcube
Trade Example

Silver, M5, 2011 Mai 09

Trading with weelxAMA & the Pivatol Points.
Heard something about more margin increases so there might be some more drops on the silver. After that i dunno maybe at the end of the week or next week its probably going up for a bit. Its a super volatile thing to trade right now anyway. Would not want to have a lot of money on paper silver right now, at least if they are there with a SL higher then like 20 or something.
My signature is: "Classified".
  • #123
  • May 9, 2011 8:28am May 9, 2011 8:28am
Quoting yaed
Heard something about more margin increases so there might be some more drops on the silver. After that i dunno maybe at the end of the week or next week its probably going up for a bit. Its a super volatile thing to trade right now anyway. Would not want to have a lot of money on paper silver right now, at least if they are there with a SL higher then like 20 or something.
Silver, Daily, 2011 Mai 09

Silver is struggling around daily's 61.8 Fib line.

http://www.kitco.com/charts/livesilver.html

Silver could trade more easily at a 5'000.-$ account with 0.01 lot sizes.

EMA200 could be the next interesting level (near mS3 30.84) if the price won't run further north afresh.
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  • #124
  • Edited 8:55am May 9, 2011 8:40am | Edited 8:55am
Trade Example
EURUSD, M1, 2011 Mai 09

The classical trade is done at Example 1.

Advanced Level Trading?
If the wellxAMA is going parallel (Example 2) you could set trades with extremely tight pips here and there if you trade the downs at M1 if the trend at higher timeframes should indicate a bigger downward movement likewise. I practice it sometimes and could earn around 1-2% a day only with these trades (and today 5.8%).

Real Account - Deposit 110.-$ (see #92)
Profit: 6.40$
(5.8% within one day)
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  • #125
  • May 9, 2011 8:59am May 9, 2011 8:59am
Trades Today

Profit: 13.67$
(12.4% within one day)
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  • #126
  • Edited 11:33am May 9, 2011 9:10am | Edited 11:33am
Quoting Forexcube
see #92

2011 Mai 06 14:48 GMT +1
Equity: 135.86$
see #105

Equity: 150.57$

(~40% since 2011 Mai 05)
Beginning Date: 2011 Mai 05 22:00 GMT +1, Deposit: 110.-$, see #92
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  • #127
  • May 9, 2011 1:41pm May 9, 2011 1:41pm
Trade Example
EURUSD, M1, 2011 Mai 09

Trade the wellxAMA with the Pivotal Point
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  • #128
  • May 9, 2011 2:49pm May 9, 2011 2:49pm
Forexcubed
are you trading only long above the 200 and sell below?
or only on certain TF's
  • #129
  • May 9, 2011 3:43pm May 9, 2011 3:43pm
Quoting dryclean
Forexcubed
are you trading only long above the 200 and sell below?
or only on certain TF's
Hi dryclean
Oh, it was only a coincidence (a hazard, a freak), but I've read many strategies which trade exactly this method what you've described above. Trading only above or below the EMA200 or SMA200 could be more conservative and safer. Why not?

Kindest regards
FXcube
  • #130
  • Edited 4:15pm May 9, 2011 4:03pm | Edited 4:15pm
Quoting dryclean
Do think this would work on basket trading with off line charts
Looks like it would
just wondering if you ever tried it
I have manged Basket Trading for several years with umpteen trading concepts but they weren't adequate. May be at higher time frames (H1, H4, Daily) or so. I personally like basket trading predominantly at different time frames as it were to cut across the fields.

We could all test it out here, what we desire. If so, the first discussion could be which currency pairs we'll select into the basket, open a demo and test it out. This demo could be managed by an interesting trader here on this thread. My time is limited for demos. You could make up your mind if this could be anything for your interest, isn't it? If so feel free to post the results here at board, please.
  • #131
  • May 9, 2011 4:33pm May 9, 2011 4:33pm
FX3
sound god
I didn't want to clutter the thread....
Will post some basket pairs when I get some time
I have 3 pair and 6 pair and 8 pair set up
None live yet as basket T101 style concepts are new to me for just a few months.... But from what I have tried today looks interesting
  • #132
  • May 9, 2011 4:38pm May 9, 2011 4:38pm
Quoting Favorite
Forexcube, thank you for sharing the system!

I have two questions:

1). What lot size would you recommend? I never scalped before, I usually trade 0.1 lot for every thousand dollars in my account. Is it too much for scalping?
see #26

Hi Favorite

Sorry to answer your question scarecely. Your queries have been overlooked.

0.1 Lot for every thousand $ seems okay. If you aren't acquainted with scalping and won't try with demo at first for getting more a realistic feeling, may be it's better to manage the K's with 0.01 lot sizes at first.

I wish you success & happiness!
FXcube
  • #133
  • May 9, 2011 4:39pm May 9, 2011 4:39pm
Quoting Favorite
Forexcube, thank you for sharing the system!

I have two questions:

2). I don't want to annoy you, but I have to ask a really stupid question: does this WellxAMA indicator repaint?

Thank you.
see #26

Take a look at #100, please.

Best regards
FXcube
  • #134
  • May 9, 2011 5:07pm May 9, 2011 5:07pm
Hello Forexcube,

This looks like a very interesting thread. Thank you for starting it. I will
be following along with interest.
  • #135
  • Edited 7:09pm May 9, 2011 6:38pm | Edited 7:09pm
Worldtime
Change Time Mode


http://www.worldtimebuddy.com/?lid=5...147714,1819729
http://www.worldtimezone.com/
http://www.timeanddate.com/worldclock/
http://24timezones.com/
http://www.greenwichmeantime.com/
http://www.timezoneconverter.com/cgi-bin/world.time.tzc
http://www.time-zones.com/
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  • #136
  • May 9, 2011 8:21pm May 9, 2011 8:21pm
Excellent thread Forexcube. I like your system as it fits my trading style.
I've analyzed your charts and I was trying to understand the concept of opening couple positions in the same direction.
I really like aggresive style using BB and pivotals.
Looking forward for more charts.
  • #137
  • May 9, 2011 9:09pm May 9, 2011 9:09pm
http://www.stocktime.ru/index.html#up
IH - B221 Return Today: -0.2%
  • #138
  • May 10, 2011 8:52am May 10, 2011 8:52am
Silver,M1, 2011 Mai 10

Breakout Trading

Set a tight Stop Loss!
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  • #139
  • May 10, 2011 9:00am May 10, 2011 9:00am
>
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  • #140
  • May 10, 2011 9:07am May 10, 2011 9:07am
Silver, M1, Profit Trade, 2011 Mai 10

A breakout typically occurs when the currency price moves beyond a period of consolidation or trading range or when the price penetrates above or below an established price level, which can be a resistance or support level, resulting in a follow-through of prices past those levels, whether temporarily or permanantly. The price movement past a breakout point can either be a short or a more sustained affair and that may depend on the time frame of prices that you are looking for.
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