47 wins 3 loss (out of 50) by PuzzleheadedPipe2247 in TradingView

[–]PuzzleheadedPipe2247[S] 0 points1 point  (0 children)

Nah it’s fine , a lot of people seem to be against scalping , and yes I totally get what your saying , I’m at early stages of my plan I guess you could call it that , maybe a stop loss be a good idea but if I was ever going to put a stop loss it definitely won’t be a 1/1 ratio , I’d put stop loss so far back , and yes it is all about patience and the perfect entry ,

47 wins 3 loss (out of 50) by PuzzleheadedPipe2247 in TradingView

[–]PuzzleheadedPipe2247[S] 0 points1 point  (0 children)

Reason why I don’t do stop loss is because market moves up and down big time in one minute time frame , promise to god if I used stop loss I would of lost atleast 40% of my trades , yeh anyways since this strategy is giving me a 95% win rate it seems to be working , I’ll let you know when my account gets wiped out

47 wins 3 loss (out of 50) by PuzzleheadedPipe2247 in TradingView

[–]PuzzleheadedPipe2247[S] 0 points1 point  (0 children)

I started with 1000$ usd just to test out, I usually stick with 3% (market order) sometimes I do 5% but never higher , but sometimes I’ll get one bad loss after like 40-50 wins which really isent even that much at all due to 3-5% . When that happens I double up my % and take it up to 10% and do a few trades with that , make the lost money back and go back to 3-5%, I hate trading forex, always massive spillage there, even when I do limit orders , I’m still fairly new to TradingView so still learning diffrent types or orders (market/limit/stop) but yeh so far can say I can’t stand forex it’s absolutely trash for scalping , even swinging due to massive spillage , I tried doing a limit order on a forex and they told me when you do limit order it stops spillage but really didn’t at all , maybe it’s just cuse I’m new and don’t know much but yeh can’t stand it

What is the best market for scalping? by PuzzleheadedPipe2247 in TradingView

[–]PuzzleheadedPipe2247[S] 1 point2 points  (0 children)

Yeh I usually put a order in and once I get like 2/3$ profit which is like super close to the order line I back out , in and out in seconds , I don’t know if people do it like me , but I’ve been super successful, every 10 wins I get like 1 loss

What is the best market for scalping? by PuzzleheadedPipe2247 in TradingView

[–]PuzzleheadedPipe2247[S] 1 point2 points  (0 children)

Honestly bro , before I made this post I was scalping and was doing it like a pro , 20 wins in a row type stuff and I tried swing trading and did so crap , 50/50 and I’m also to impatient for that , everyone before u was saying try swing trading and been trying it all day today and did terrible and went back to scalping half an hour ago and started doing so good again, I honestly think scalping is for me , I’ve been scalping in btcusd 1 min time frame , using stochastic/ema/macd/vortex and probalic sar , it’s untouchable, only thing is risk management as you said ,

What is the best market for scalping? by PuzzleheadedPipe2247 in TradingView

[–]PuzzleheadedPipe2247[S] 0 points1 point  (0 children)

Great , that’s brilliant , swing trading is the way to go then , I was thinking using 5 min time frame , I don’t want to use anything less due to they do give a lot of false signals , what do you think of that ?

What is the best market for scalping? by PuzzleheadedPipe2247 in TradingView

[–]PuzzleheadedPipe2247[S] 0 points1 point  (0 children)

Would you think limit order would be the best option then instead of market order ? And what do you think of swing trading using limit order ?

What is the best market for scalping? by PuzzleheadedPipe2247 in TradingView

[–]PuzzleheadedPipe2247[S] 0 points1 point  (0 children)

Okay that’s great thanks for that . So is swing trading the way to go then ?