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Posts Tagged ‘ShinkaFlow’

Variant of Flowscalps – EURUSD

July 6, 2011 Leave a comment

Meat of the trade.

Flowscalp #1: Shorted from 75 to 55

Flowscalp #2 & 3: Shorted from 25 to 05.

Somehow I find myself liking this better. Risk reward is 3:2 compared to meat trades which is 2:1.

 

 

Awesome day for flow trades.

June 23, 2011 Leave a comment

All in all a good day’s work. Learnt to use variations of flow trade as well which was pretty effective.

The 50 trade was triggered in the end and turned out well. Looking at the charts, could have taken another shot at a 75-55 flowscalp.

Anyway there’s unlimited pips to be earned, not over trading is managing risk as well. Besides I had a nice dinner with one of my favourite ladies. So all in all, fabulous Thursday!

Trust the flow!

June 23, 2011 Leave a comment

Woopie. Another 20 pips.

Limit sell @ 50 looming in the distance. Pressure is building. Should the 50 short be triggered, will we reach 25?

*Ponders. Not much news on Europe today. US initial claims and new home sales coming up in couple of hours.

 

Fooling around, as Boris would call it.

June 23, 2011 Leave a comment

Price hovered around 00 the entire Asian session. Saw the chance to take the 75 to 55 flowscalp and I took it.

Success!

 

 

All good things must come to an end.. Sometimes..

June 22, 2011 Leave a comment

Price never turned back after hitting 50. Sad. Oh wells, no strategy is 100% accurate. Moving on…

The day where you get what you wish for…

June 21, 2011 Leave a comment

Hat trick

Trade 1: Early Asian session

Trade 2: Mid Asian session (after lunch)

Trade 3: Did not trade this live but was itching inside, hence I demo-ed it. And it turned out to be successful as well. (Green Box)

EMA 62 held up twice , however I did not make any trades via Shinka#1 strategy. As it turned out, it was a ranging day and the eurodollar just bounced up and down within a 75 pip range, making flowscalping a breeze.

Times like that, going with the flow helps. I realised that to increase probability of success, always be waiting in the direction of the flow. i.e. after TP is hit and price reverses, I will not re-enter again @ 50 unless price returns to the 00.

This train of thought is displayed in Trade 2. (and also Trade 3).

So far my demo account has recorded 8/9 successful flow scalps. The 1 failure being a trade taken on the cable which was merely for fun, peace and laughter. That has allowed my demo to rebounce from a drawdown of -5% to almost 10% gains.

Demo vs Live

What am I doing differently in demo you might ask.

1) I typically trade @ 10 times leverage, i.e. equity x 10 = position traded. But for flowscalp, since the stop loss is 50, I have to half my position to manage my risk per trade.

2) Risk is 50 pips which is 5% of demo account (RED ALERT); on my live account I trade @ 5 times leverage which keeps my risk within 3% of my equity.

3) After I make 25 pips on my live account, I have the tendency to stop for the day. I will only take another trade IF the fundamentals and technicals align. For my demo, well.. I just keep making trades.

At the moment whatever I trade live, I trade on my demo as well. (with the exception that I do not think so much when I setup for a trade in my demo account).

This is my little experiment to see which performs better after 1 month. 🙂

Flowscalp success early Asian hours

June 21, 2011 Leave a comment

Awesome. I merely opened my eyes from my beauty sleep and found that my daily pip target had been met.

Price had hovered around 1.4300 the entire night, setting the limit buy/sell orders like that seem like pretty good breakout strategies. 25 pips TP in less than 1 candle. WoohA~