Looking to get long lower or short higher.
Currently I have a pile of longs pending to buy lower.
PP for week is now 2338 !!!
Looking to get long lower or short higher.
Currently I have a pile of longs pending to buy lower.
PP for week is now 2338 !!!
I am doing the multiple lot thing still, it is awesome!
next long to fill will be like 145.70 then 145.20 I will get multiple longs
fitst TP at like 200 pips next one at 100 pips next one at 50 pips and 4th one at 30 pips.
orders hitting Tp PP for week 2525 total pips counting last week = 5373!
This week PP = 2612
total PP including last week = 5462
Range bound, scalping for 20 pips here and there.
The best is yet to come on Thanksgiving and black friday when conditions will be ideal for scalping!
I’m sorry to be so nosy Cdawg but if it’s ok with you I would greatly appreciate if you could reveal the details of the range and entry points. Don’t get me wrong - I know you can’t get rich in a week, I’ve managed to develop and test my own system so this is driven by curiosity rather than a lust
I only wonder if you use 5mins TF, it’s believed so short TF contains a lot of noise to trade. Anyway, I don’t have a personal experience with such a short Tf so there is my asking. Hope you don’t mind. Cheers
So my general entry area is detemined directly from the fibs. The Geppy is the king of the 50% retrace when trending. So essentially, i would look to place trades in around the 50% fib level. I typically try to trade in only one direction, its just mentally easier for me, and because the geppy has such wide ranges, you dont need to be on every trade signal to make a decent buck.
Okay so I use the 1 hr chart to find my general entry area (attached), i then use the 5 min chart (attached) to try to optomise my entry points. since I believe at the moment that we are in a bull swing, i will try to buy the dips as indicated.
The 5 minTF is great for identifing small pull backs, where you can get in the trade, in the right direction without much drawdown. The key is to remember that I am only looking for 50pips with 2-5% at risk, so when it shoots off several hundred pips, your account can grow amazingly fast.
This can enable you to use a smaller SL if you want as in 20-30 pips. I know alot of traders use a big SL on the geppy because of her large swings, but that is really just guessing.
So this morning, i only placed 3 trades, the first 2 i hit my 50pips and then got stopped out, i have 1 trade open, now sitting at 300+ pips, but had i been in front of the computer, i have indicated where i would have placed more orders.
Again, you dont have to take every trade signal, have to have the right feel for the market.
with 55 & 60 tp targets waiting to sqr up when target is reached.
PP for week = 2717 pp= including last week 5567
here we go down again a few pips
Lets see how she can consolidate AROUND THIS TIGHT LINE
Looking for small targets 20-45 pips on the retrace down.
Holding 4 shorts all longs hit TP’s
Closed all shorts for pips profit!
Total pips for the week = 2862 already beat last week
total pips including last week = 5712
I have scalper her for a profit 100% of the time!
Some day I will learn patience and really beat this guppy up.
forgot to close that pending order to sell at 148.10 now she jumps up to 148.50 so I had to add a short, I will sit with these shorts all night if I have to. Looking to get 50 pips on the 148.50 short and 9 pips on the 148.10 short.
looking for a retrace down to 148.01 at which point I will sqr both up for 59 pips between the two of them.
Also looking to add a long at 148.01. Not that we are getting real close to asia, but after the close I expect her to sink down some and snk down further in Asia, hopefully enough to get out of these shorts unscathed.
It has been a long day! I grow weary alreADY. It has been a long day pipping aint easy on the fingers. It can be hard work!
Both shorts closed.
By the way if anyone doubts my trades (and thinks I am full of crap) I can provide detailed records from forex.com
In fact here is the summary: Details and ticket numbers aree available
for a small FEE LOL!
Gross Profit: 57 731.01 Gross Loss: 0.00 Total Net Profit: 57 731.01
Profit Factor: Expected Payoff: 424.49
Absolute Drawdown: 0.00 Maximal Drawdown: 0.00 (0.00%) Relative Drawdown: 0.00% (0.00)
Total Trades: 136 Short Positions (won %): 50 (100.00%) Long Positions (won %): 86 (100.00%)
Profit Trades (% of total): 136 (100.00%) Loss trades (% of total): 0 (0.00%)
Largest profit trade: 2 547.03 loss trade: 0.00
Average profit trade: 424.49 loss trade: 0.00
Maximum consecutive wins ($): 136 (57 731.01) consecutive losses ($): 0 (0.00)
Maximal consecutive profit (count): 57 731.01 (136) consecutive loss (count): 0.00 (0)
Average consecutive wins: 136 consecutive losses: 0
I had to add a long at about 148.00 since I hate to be flat!
Thank you for an explanation, seems to be very interesting idea of 50% retracement. I’ll go and have some checks on historical data.
I note you use some form of moving average (which is quite close to the price action). Is it 21 period SMA ? I also noted some indicator QQAE - ?? I couldn’t find it on my metatrader platform. I hope you don’t consider me too nosy for asking that.
Regards
I’ve opened some shorts from 148 level - see if she goes as low as to 146 during Asia (who nows maybe even she can see 145) then yep, get some longs. Overall the trend looks pretty good with some continuation patterns on 4HR (mat hold). 150 is within striking distance. But the bulls may be easily scared of. Hmmm, see what this short does and what’s gonna happen in London tomorrow.
You must have been glued to the monitor all day (and night today) rrram, but this looks like paying off. Respect !
I already bought two more off the bottom and scalped them out. Looking to add more longs on the next dip down.
Holding one long up high @ 147.98.
Looking to get short now and more shorts up into 148, for the fall starting shortly BEFORE Asia.
Time to get short now for the run down back into 142.40ish.
I walk away and have no shorts and look what she does! !@O(Y&#!@($&!@(
Tomorrow I am going to really hurt her! BIZSNATCH! 145.86 and still sinking maybe 142.40 is more like it heh!
cannot make coffee as I have none ground, better get a few more winks and see what develops.
so far nothing really exciting, she has had her moments, but come on guppy