Unfortunately the only one that benefited from the trade was the broker, at least $10.00 to open & close the trade doesn't make it worth it to trade a single share.
Great strategy. 1/2 a point on 1000 is a bit more than the 1 share you are talking about, but the theory would still work. Not sure about the red 'down' candlesticks. Seems you should have a 'tail' on the upside that fails, then get in. But if its working for you, kudo's. Do you know a robot that can do the looking for you?
[a 50 cent stop works with lower priced stocks, but I would think you would get stopped out with the higher priced securities]
I like this video two. Best line "You new people, you only gonna get one share...that's all you new people get." LOL won't cover my trading costs if that's the case haha. But good video, I am using the strategy as I write this.
IT'S A GOOD system...it works on market open and market trends and moves made by the movers and shakers on wall street and uk when they make there decisions at the beginning of a trading day ...i use it for forex for the opens of the uk,london and tokyo sessions.....it has a 67% success rate and the wins are far bigger than the losses ...nice post homes
please explain to your daughter that there are maket makers who will also do a fake out right at the open... head fakes happen all of the time in every market. you'r strategy is good. it just must be layered with some additional filters. good job.
forex is mafia, that it took 4 years for to understand it but actually i make so much money in forex that it is boring, you imagin a playstation, you know that game and get boring because you know how to win. i am worried if next couple of years everyone knows foerex modus operandi, it will be catastrophic, there will not be money for everyone
i can't believe the amount of negative comments this post has generated, it seems that everyone leaving comments have a problem with the english language. This guy clearly said that the purpose of this strategy/exercise is to get someone familiar with entering and exiting trades. And obviously to follow a system without any emotional attachment, its just an exercise... at least that's how i interpreted this video, if i'm wrong i apologize to the other posters
the only scalping being done in the FOREX is by those selling ridiculous robots and systems. The commodity and futures markets, including the GLOBEX, are regulated markets. Forex is very corrupt.
So basically you're working on the principle that a price makes it's intra-day high or low in the first half hour of the session. What's your take on trading the first and second reversals?
I don't know about the one share theory.... death of a thousand commissions.
I believe that WS580 is using a practice account for his daughter in order to trade one share at the time. Even if one could get a commission for two USD round-trip, as IB, it would still be counterproductive if done too many times. I suppose it is a good method to invest in the emotional training regarding patience and incurring an inevitable sacrifice of money.
too many unanswered questions come after watching this vid, sorry. stoplosses? how many trades a day before stopping(money management etc.)?
take profit targets..
also the first 5mins rule- looked like only maybe 1 day out of the 8 days would've got you an entry into the market. the day that you focused on for example wouldn't of triggered a buy because after the first 5mins candle closed- the price never actually went from below the open to above the open to trigger an entry.
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6dollarsuccess 6 days ago
Unfortunately the only one that benefited from the trade was the broker, at least $10.00 to open & close the trade doesn't make it worth it to trade a single share.
signupandmakemoney 1 week ago
VERY NICE VIDEO !!! VERY NICE AND SIMPLE STRATEGY !!! THANKS FOR SHARING !!!
Egodbold1 1 week ago
i taught my 9 year old daughter how to trade, she lost like $10k in a few days lol.
bustaphatty 4 weeks ago
Are 8 year olds really allowed to trade?
doctorkyte 1 month ago
Fitty cents! I love this guy! <3
E59th 2 months ago
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Where might I locate day trading as a professional? Also, is it possible to subscribe to your blog?
KCMO2NDTWIN 2 months ago
is this mike tyson talking?
desolate1234 2 months ago 15
Comment removed
cuddledesireenicole 2 months ago 3
not clear but it makes sense to you yourself, you need to make it shorter and richer and more specific sir
ukmlmmlm 2 months ago
@ukmlmmlm
was very clear, maybe you just didnt listen
mm0ral3s1 1 month ago
@mm0ral3s1 Maybe
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did you erase day trading as a professional part 1???
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Переведите на русский ,что он там рассказывал?
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vlaforex71 3 months ago
keep tradin brotha..u keep it real my dude..
baker740 3 months ago
Great strategy. 1/2 a point on 1000 is a bit more than the 1 share you are talking about, but the theory would still work. Not sure about the red 'down' candlesticks. Seems you should have a 'tail' on the upside that fails, then get in. But if its working for you, kudo's. Do you know a robot that can do the looking for you?
[a 50 cent stop works with lower priced stocks, but I would think you would get stopped out with the higher priced securities]
Hope your daughter is doing well.
SHines01 3 months ago
help me out guys, please visit my penny stock trading site, poppin penny stocks .com ..............I need more visitors, good luck trading!
poppinpennystocks 3 months ago
I like this video two. Best line "You new people, you only gonna get one share...that's all you new people get." LOL won't cover my trading costs if that's the case haha. But good video, I am using the strategy as I write this.
pasleyt 3 months ago
I like this - but there are two important things I thought of:
1. Check to see if the market is generally up, or generally down (SPY, DJI etc)
2. The first candlestick is generally upp-ish, and the body of the candlestick is very long.
Good video otherwise, thanks
emmetor 3 months ago
USELESS VEDIO
Ajeya123100 3 months ago 2
great video
investo100 3 months ago
Is it bad that I don't even get this?
DominatingNA 3 months ago
this video dissolves- false assumptions , stiff ideas and fear, thanks a million
diddleydee 4 months ago
instead of actually buying it would be better to just paper trade. buying only one share at 35$ and paying a 10$ commision in and out is gonna hurt.
tecnolover2642 4 months ago
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13faka 5 months ago
IT'S A GOOD system...it works on market open and market trends and moves made by the movers and shakers on wall street and uk when they make there decisions at the beginning of a trading day ...i use it for forex for the opens of the uk,london and tokyo sessions.....it has a 67% success rate and the wins are far bigger than the losses ...nice post homes
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werqta 6 months ago
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drumfisch 6 months ago
Very interesting vid, but i prefer using robot, i have free if anybody need it.
FreeFOREXautoBOT 6 months ago
Buy 1 share.... you cannot make money doing that, not even considering you have to pay commissions as well.
scottab140 7 months ago
1:1 money management is very baaaad. Also, with the way you are doing this, you'd might as well be flipping a coin.
Codex1 8 months ago
please explain to your daughter that there are maket makers who will also do a fake out right at the open... head fakes happen all of the time in every market. you'r strategy is good. it just must be layered with some additional filters. good job.
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MYNEWMOKE 8 months ago
forex is mafia, that it took 4 years for to understand it but actually i make so much money in forex that it is boring, you imagin a playstation, you know that game and get boring because you know how to win. i am worried if next couple of years everyone knows foerex modus operandi, it will be catastrophic, there will not be money for everyone
laton2010 11 months ago
@laton2010 haha you really do not know how the forex works..
richitko 6 months ago
A good way to practice for beginners.
xugm99 11 months ago
this is the open now.
Cuirras 1 year ago
I prefer scalping... easy!
freeSCALPINGindicato 1 year ago
why the f*** you repeat the same shit again and again???
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n33dw33d3333 1 year ago
i can't believe the amount of negative comments this post has generated, it seems that everyone leaving comments have a problem with the english language. This guy clearly said that the purpose of this strategy/exercise is to get someone familiar with entering and exiting trades. And obviously to follow a system without any emotional attachment, its just an exercise... at least that's how i interpreted this video, if i'm wrong i apologize to the other posters
crimiss1 1 year ago 6
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ariesmars1 3 months ago
@crimiss1 fuck you none needs this shit language
Paulwhiteshark 3 months ago
None of this makes any sense to me.
gsus7125 1 year ago 2
Great video
PerpetualFire 1 year ago
This guy knows nothing about the market. I can't believe this is something he is posting on Youtube.
hhjyk1004 1 year ago
the only scalping being done in the FOREX is by those selling ridiculous robots and systems. The commodity and futures markets, including the GLOBEX, are regulated markets. Forex is very corrupt.
tripletrend 1 year ago
morning star..
Vikenoshi 1 year ago
Nice video Mr wallstreet hehehe... are you really consistent? I hope you are... GL
Faithful70 2 years ago
also I've been taught that the first 30 mins in the day is strictly amateur time.
Hey, nice videos anyway...
SilverShamrock71 2 years ago
So basically you're working on the principle that a price makes it's intra-day high or low in the first half hour of the session. What's your take on trading the first and second reversals?
I don't know about the one share theory.... death of a thousand commissions.
SilverShamrock71 2 years ago
To: SilverShamrock71.
I believe that WS580 is using a practice account for his daughter in order to trade one share at the time. Even if one could get a commission for two USD round-trip, as IB, it would still be counterproductive if done too many times. I suppose it is a good method to invest in the emotional training regarding patience and incurring an inevitable sacrifice of money.
Good day.
eddyvideostar 2 years ago
sorry if it comes across as i'm being difficult- i'm just trying to work out if i've maybe misinterpreted something or not.
i love trading just price action by the way- so i wish you all the success you were created for.
johnhowardseyebrows 2 years ago
too many unanswered questions come after watching this vid, sorry. stoplosses? how many trades a day before stopping(money management etc.)?
take profit targets..
also the first 5mins rule- looked like only maybe 1 day out of the 8 days would've got you an entry into the market. the day that you focused on for example wouldn't of triggered a buy because after the first 5mins candle closed- the price never actually went from below the open to above the open to trigger an entry.
johnhowardseyebrows 2 years ago
where can i find the chart you are useing in this vid, Im with scottrade and there charts dont have the cross arrow for the green line....
thomasstockfleth 2 years ago
great videos man... thanks a lot
regurgitatedterror 3 years ago
x3 I only remember the "royal cross"
HikariPurple 3 years ago
what is the "royal cross"
ryan8247 2 years ago
Dogi.
eddyvideostar 2 years ago