Look What I Made

[ForeX Capitalist]

In 30 min if it was live id be ballin' but we all know it's not that easy :]


but if u take a look it seems likely possible to do so.

://img.photobucket.com/albums/v387/fr0zen_rx7/Scalping1minchartsOwnage30minofmayh.jpg?t=11949468 92


*just put http, because i didnt want to violate the link policy*


-ForeX Capitalist

[huispan]

what time of money management did apply?

[muddbuddha]

Looks like grid openings on a break out.

Gutsy.....good results though! Hmmmm.....

[ForeX Capitalist]

I was just experimenting with 1 minute charts and Bollinger Bands and Fast Stochastics and a 4:1 reward/risk ratio and out of 30 trades =X *crosses fingers* I was winning 66.7% of the time.
I set up 30 trades with preset Entries and a 20 pip Stop Loss 10 pip trailing stop and 80 PIP Limit. It was the most intense 30 minutes of trading I had considering the market for GBP/JPY started moving sideways by the time Tokyo closed. It's a scalping technique i suppose you can say that I was experimenting on. But hey


-Forex Capitalist

[ForeX Capitalist]

Thanks man ill update with more results on this experiment I'll try this for a few weeks and then i can finally get a final process down so u guys can try it.. Im trying this out because I wanna see the possibilities trading nonstop lets say for 30 min or an hour then just kick back the rest of the day knowing u just made 200-400 pips Gotta capitalize on the openings and closings of markets etc. there's always pips to be made in very short periods of time. Just depends on when you enter. and when you exit. More info later. as for now imma enjoy my Zune V2 ;D IPOD monopoly = OVER have a good night guys, ill probably be back later or tomorrow.


-ForeX Capitalist

[ForeX Capitalist]

I like that study man I'm gonna analyze it n' see if i can apply it to my tschnique to perfect it. With mine though for every loss there is a win and sometimes usually after a 20 pip loss you have a guaranteed minimum win of 10 pips or more especially with the trailing stops in place. you'll break even and more. but i'll go into more detail with that later. thanks for the input.


-ForeX Capitalist

[ForeX Capitalist]

Thanks for the admins for allowing my thread to be ressurected. I'll be back on later when im done with work on more results and analysis on my system and how it performed during the week. Everyone have a good thxgiving week and fall break. get ready for those sales after thxgiving haha bbl.


-ForeX Capitalist

[szbu]

Originally Posted by ForeX Capitalist

In 30 min if it was live id be ballin' but we all know it's not that easy :]


but if u take a look it seems likely possible to do so.

://img.photobucket.com/albums/v387/fr0zen_rx7/Scalping1minchartsOwnage30minofmayh.jpg?t=11949468 92


*just put http, because i didnt want to violate the link policy*

-ForeX Capitalist

WHat was the spread your paid? for the desk brokers, 8-10 pips. for making 10 pipe after the spread is prety hard for the scalping, correct?

[ForeX Capitalist]

It was an 8 pip spread for gbp/jpy and there's no dealing desk with FXCM but yeah after that mini scalp you can take away $10 ish per pip sicne its a standard account. but that was on Demo so we'll eventually see how this pans out on Live.


-ForeX Capitalist

[ForeX Capitalist]

Like I said on the pic * if it were that easy =) * which it isn't I'm still planning it out. Just got back home so imma try more of the technique when I before Tokyo session ends.


-ForeX Capitalist