1M scalping trades.

[bestpickrus]

Good evening. Looking to have a thread started on this 1m trading system. How about reverse engineering to see how the entries and exits were planned.


I think 200 usd a day is pretty good for only 4 hours of trading.

[bestpickrus]

Todays closed trades. Up more then 55% on the day.

[SithJawa]

@bestpickrus: "How about reverse engineering to see how the entries and exits were planned." Are you saying you want us to figure out how you are scalping this? :| I've been wanting to find a good scalping strategy for a while and this seems pretty good, i saw you posted on guardians scalping log, is that what you are using but adapted to the 1m?

[bestpickrus]

@bestpickrus: "How about reverse engineering to see how the entries and exits were planned." Are you saying you want us to figure out how you are scalping this? :| I've been wanting to find a good scalping strategy for a while and this seems pretty good, i saw you posted on guardians scalping log, is that what you are using but adapted to the 1m?

The method which I use is Candle formation using the 1m chart. Along with Fibs and Bbands for pin point entry. All of my entries have a stop loss of 4 points. Should my stop loss get hit. I have another account which entries automatically in the direction in which my stop loss was activated.

[SithJawa]

interesting, is it a time intensive strategy? I also use multiple accounts to be able to do more footwork and creative things like that, sounds great do you mean you use like pin bars and other price action type patterns? or do you just wait for an overbought or oversold on the Bbands combined with a pin bar or something?

[bestpickrus]

interesting, is it a time intensive strategy? I also use multiple accounts to be able to do more footwork and creative things like that, sounds great do you mean you use like pin bars and other price action type patterns? or do you just wait for an overbought or oversold on the Bbands combined with a pin bar or something?

The overbought and oversold method on 1m i do not use. Reason being, because bias fills that style of trading. Which dowsnt't allow you to gain an accurate entry. The fibs and bbands gives me exact prices. Once those prices has a cross over i follow that direction. Even if I close for a 1 pip loss.

[SithJawa]

hmm i've never scalped before, i trade exclusively the 4 hour charts but i have been wanting to, high quantities of low risk high win percentage trades has always seemed better then having large chunks of money floating at any time, any chance of you posting your strategy ?

[bestpickrus]

hmm i've never scalped before, i trade exclusively the 4 hour charts but i have been wanting to, high quantities of low risk high win percentage trades has always seemed better then having large chunks of money floating at any time, any chance of you posting your strategy ?

Yes I will be posting some tips in about 10 hours or so. Its 5:52pm and I have been up since 1am trading. Time to get some sleep. In the meantime look at these videos. www youtube com/bestpickrus
Those are past result from my old system which Is a modified version of what it is I have now.

[SithJawa]

Will do thanks for the help

[bestpickrus]

Will do thanks for the help

Don't thank me as of yet. Right now in an open trade on a long position. Down 2.5 points. Yet first two trades of the day profitted me a few EURS.