Great outcomes, care to describe your intraday scalping egies?
Tnx, well there is not much to mention about my egy, I commerce nude (no indiors or moving averages, I just use support-resistance), the market have 3 distinct scenarios:
1) impulsive waves
2) retraces
3) exaustion waves (overbought-oversold)
I try to input when retraces waves cease their conduct and trend has been resumed, and sometime I enter in overbought-oversold areas (from the trend direction).
When I try to input any overbought-oversold areas countertrend I got blamed the majority of the moment, but do also average and this allow me wind in profit also when I make some mistake.
I never enter my full position all together, always 1/3 of this position at the first signal, if things go bad I have other two bullets to shooter that allow me wind in profit the majority of the time, usually even when things go really bad (when retrace turned into a new impulse wave) I taken my last bullets in the conclusion of the tide, and shut all in the new sup-res (the new retrace), then reverse.
Market is very ripetitive also it always provide a opportunity to get out in profit, the secret is not be greedy and go with the flow.
I visit. .Originally Posted by ;
Where did u know about these? (your trading eduion, foundation of your egy, etc)
would love to find analyses/charts next moment.
Good luck on your travels!
Hello, 4° September trading week has been completed, results are great so far: 8.97%
Stats:
July: 100.3percent
August: 79.2%
September:
Week 1: 18.89percent
Week two: 20.1%
Period 3: 2.5%
Week 4: 8.97%
Complete September: 50.77percent
September is not yet finsihed, however following trading week will end in October, so the results will be included at October stats. I might say that September trading has been completed with a 50.77% return, that is not bad in any way, hard month this one compared to the previous ones.
Let us see what happen in October!
Thank you for studying
Hello, thank you for posting.Originally Posted by ;
I've learned these things from appearing the market, right now it resembles this:
1) spontaneous wave
two ) retrace
3) retrace of the retrace
4) a or b (it depend from market partecipants)
4a) fad resume
4b) fad reverse
Now, on a strong trend it's simple, spontaneous wave, retrace, fashion resume, money!!!
But 50 percent of the time situation get a bit more complied, the retrace is infact a spontaneous wave on a different dimensional fractal, so when retrace a finish and price come back in direction of fashion, it's currently on retrace b (the retrace of the retrace). Now, price can earn a triangle until it determine if resume the maintrend or keep the trend-retrace, or it can dismiss the retrace of retrace and keep in the original fashion direction wiping out most of those who had bet on the retrace-continuation, or it can find new gas on the retrace of the retrace, and resume the retrace direction with new buyers-sellers (undo ), the important issue is that if this occur (reverse) market typically make a major retrace of the new spontaneous wave, allowing the ones who bet on the trend-continuation exit on profit (of course they must average a bit in the end of new spontaneous wave).
Anyway, I hope to not have confused no one, this is why market is called arbitrary from many folks, however, the randomness have it's own rules and explaination, that is why trading profitably is still possible.
But please excuseme with this mole of information, and let's begin with a few blatant examples, in this chart there was no reverse, each of these signals end with a trend continuation (and if fad continue nobody can say for how much, that is another issue of trading).
Now, analize this eurusd 15m chart of past 2 days, we had an spontaneous downwave with no sign of resume for the previous upwave (good for us! Now we understand that we must sell on new resistances).
The first wave would be the blue one (blue box), the very first blue box show the impulse wave from top to bottom.
Now, at a specific point I left another blue box, it's the resistance, the place where we need to sell as soon as price begin to go down, and infact there is a fantastic fashion continuation (profit!) .
Now, the following box is the violet, the first one show the impulse wave from top to bottom (this impulse wave would be the expasion wave of the blue box (multidimensional fractal geometry uh?) .
We see the next vilet box, would be your place where we should look for sells (retrace of violet wave), and also we view price goed down from there again.
What happen then, price began to go up (blue wave and violet wave now are a part of the past, but it still remain the yellow one to be finished, anyhow. . Let's continue).
Price go up to get to the resistance point of yellow big wave, the stage where we will need to sell! Also it come! At this time we can sell to get a yellow-wave continuation. However, what occur, price begin to fall and hit the next orange box, that is in reality the new support of the previous up-move wave (the wave which enable price reach yellow-box resistance), in this stage we would look to buy. . And infact price begin to go again, finishing the retrace, and entering in the yellow box.
Again, Fantastic point to sell! And right now price is prepared to go down again, another yellow-expansion move will also be a new spontaneous wave of a next blue-box, etc..
It looks simple but the truth is it's much complied due to the fact, in this picture I just putted a limited number of boxes differently the pic would be quite tough to understand, however if I must put all of the boxes of each dimension the chart could be full of boxes and no one would be able to understand nothing anymore. Additionally, I trade this egy on 1-5 min chart, and I normally go to take 10-30 pips. Next post will present my transactions of now.
I have just opened the 1m chart, based a good short opportunity on eurjpy, entered short on the new resistance, then shut my trades on the new service of this retrace-support (I did not waited for the down-trend to be resumed, because sometime tendencies aren't resumed, instead price reverse touching the new tide support-resistance), but I was just searching for a quick profit without any compliion. (2.5%! ) )
Hi, the first october trading week was finished, well this is really a fantastic week, fantastic market and fantastic trades, ending it with a 53.55%!
Stats:
July: 100.3percent
August: 79.2%
September: 50.77percent
1° week October: 53.55percent
Total Yield: 283.7%
What a fantastic journal! Not really sure I know your egy, but I'd keep reading.
May I ask what kind of MM you use (risk per transaction, etc.)?
You had a rather sharp draw in July, what occurred?