I wanted to be never a Scalper. But I find the Sharky Method is quite interesting and profitable. This month with Sim-Account, next month with Minilots and then 2% money management. I will make daily 2 trades.
First Trade is SL 10 pips and TP is open ... x lots
If First Trade a Loser then SL 10 pips and TP 10 pips .. x lots * 2 for positionsize (max 2 % of Account) and a strong signal from higher Periods.
Here my rules:
I use 4 Frames.
1. Frame: 6 Range --> MainFrame for Order Entry und Exit
2. Frame: 4 RenkoMedian --> NoiseFilter only for View PriceAction
3. Frame: 8 RenkoMedian --> TrendFilter only for View PriceAction
4. Frame: 16 RenkoMedian --> TrendFilter only for View PriceAction
I have to drop old habits, i want some points or pips not more. i am not a positiontrader or swingtader as before. i do not trade trends only the move.
but the fear is in my head ... do not know why ... some old indicators are usefull as my multiple moving averages ...
2 frames with identical settings
11 Range Chart gives trend direction
4 Range Chart gives signals from trend direction
New Paintbar and old standard from sharky ... + JMAMultiple
Goal jump in and out for some pips in the early moring ...
der frühe vogel fängt den wurm
SL 10 pips
TP xx pips if one loser second trade 10 pips
trading is at the beginning of java drink a cup of coffee ...
Last edited by wh; June 18th, 2009 at 09:25 AM.
The following user says Thank You to wh for this post:
Today i played with Hourly Pivot Points ... i look only for 10 pips ... if that true i close or save position. in this case i close the position by 11 pips.
why i do this, because my higher range chart shows no long trend ...
market is in consolidation zone ...
wh, I like what you've done with the second panel -- the second WMA indicator to draw the defining edge line -- it really works well. I never liked RMMA but with this tiny change I like it a lot more now.
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