Forex Trading Strategies: When to Scalp Against Trend

[BTrull]

Dont like this set up. I quit scalping the the Eur/JPY in late London early New York last week and this week had my second best week ever goin 10 for 12. I used a similar system to this and got hammered. I am studying the Aud/JPY and I am going to try and apply and tweek it . You can trend trade, range trade, and counter trend trade. If I was going to do this I would make sure I was deadly accurate at drawing simple S & R thru the sessions. Just my 2 cents

regards

Spunky

[typixality]

this is good! thanks for sharing!

[TimothyMcCready]

Another nice video, Boris. I'm wondering how this tests out: does it really exhibit a 50:50 win/loss ratio? And is it homogeneous enough to use a martingale money management rationale? Food for thought.

Timothy "Timorous" McCready

[BKTraderFx]

@TimothyMcCready UNDER NO CIRCUMSTANCE would I martingale this. The 1/1 r:r will keep you in the game during periods of strong trend, but if you martingaled it is very easy to lose 8 risks in a row. (i.e. if you risk 25pips you can easily have drawdown of -200 pips in a matter of hours)