Jump to content

Intraday Scalping versus swing trading


Guest EA-trader

Recommended Posts

Guest EA-trader

Here are results of back tests, using same strategy to scalp trades versus longer term swing trading.Scalping lost more money  than swing trading, swing trading has higher probability of becoming profitable, depending on the strength of strategy.

 

.The higher the spread a trader pays, the more the trader will lose.The professionals will trade the "lowest spread to volatility" instruments.The more a trader trades, the more the negative spread edge a trader gets.The less a trader trades, the more he is likely to profit.Patience is the most important edge for the retail trader, the patience to wait for a really cheap entry, the patience to wait for days and weeks to take a profit and , the patience to wait during uncomfortable losing periods .This is what Warren Buffet has and traders should search on google to read all about Warren Buffet..Any trader can apply Warren Buffet mindset to trading and be profitable.There are edges in Buffettology.

 

Day traders and intraday traders should search google for success rate of day traders and intraday scalping.I have read 99 % failure rate on dedicated detailed searches.

 

intraday scalping dax.jpgintraday scalping daxtp3.jpgintraday scalping eur usd.jpgintraday scalping eur usdtp3.jpg

 

Here are results

Link to comment
Guest EA-trader

These are not the EAS I use or trading.This is a testing EA. It is for information gathering purposes only.I look for quality and edge from a testing EA. A trader can not see an edge in a testing EA, unless he knows edges.

 

If I am not incorrect, the market has proved me wrong many times, in the past.I have now found the ultimate edge, that is never to lose money over a series of 8 to 12 trades.Bit like Edison inventing the light bulb, he failed 999 times.

 

Each of my 50 EAS trades only once a week,on average.

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • image.png

  • Posts

    • As a beginner in the crypto market, it is essential to first learn the basics of this niche. Learning by yourself can be a very daunting and confusing task. Also, investments in the crypto market have financial risks and effects which need to be monitored. This can only be done when you understand the market and knows what exactly is happening the market before making any future Investment decision.  Here are some essential tips that will help you informed and stay ahead of the market: -  1. Crypto News Websites/ Apps   There are some crypto news websites and apps that provide the latest and up-to-date information about the crypto market. Some of the most important sites and apps are Cryptoreach, Cryptopanic, Cointelegraph, coingecko, and Coindesk. They also have their app version which will let any beginner know about the current trending cryptocurrency, its price, and its volatility in the market.   2. Social Media   if you want to know anything important and trending about any niche, social media is where you will get all the updates. You can follow crypto influencers, crypto analysts, and informational platforms like reddit or Quora. You can engage with top crypto social media pages and engage in the discussion to stay updated about what's going on in the market and what's the next trend.  3. Email Subscriptions and Newsletters.   Email subscriptions and newsletters are good ways to know about any market report or events that happen on a Daily /Weekly/ Monthly basis. Subscribing newsletters from reputed sources will provide you with news directly to your inbox.     Note: Always remember cryptocurrency market is a volatile and dynamic market. It is always advisable to read from multiple resources and cross-verify before making any decisions. It is better to use a crypto news app to monitor crypto coins and market analysis.    
    • Elliott Wave Analysis Trading Lounge Day Chart, Euro/British Pound (EURGBP) Day Chart EURGBP Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Orange wave 3 POSITION: Navy blue wave 3 DIRECTION NEXT HIGHER DEGREES: Orange wave 4 DETAILS: Orange wave 2 appears complete; now orange wave 3 of 3 is active. Wave Cancel Invalid Level: 0.84997 The EURGBP Elliott Wave Analysis on the day chart suggests the market is currently in a trending phase. The trend's mode is impulsive, indicating strong, directional price movements. The specific wave structure being analyzed is orange wave 3, positioned within navy blue wave 3. This position indicates the market is in the third wave of a larger impulsive sequence, often characterized by substantial price movements within the wave cycle. The next higher degree direction is indicated as orange wave 4. This suggests that following the completion of the current impulsive wave (orange wave 3), the market is expected to enter a corrective phase (orange wave 4). This phase typically involves a pullback or consolidation before the market resumes its primary trend direction. Detailed analysis shows that orange wave 2 appears to be complete. This suggests that the market has finished a corrective phase and has now entered orange wave 3 of 3, which is part of the impulsive sequence. This wave is crucial as it generally indicates a strong continuation of the trend, often marked by significant price movements. A critical aspect of this analysis is the wave cancellation invalid level, set at 0.84997. This level is vital for validating the current wave structure. If the market price falls below this point, it would invalidate the current wave analysis, necessitating a re-evaluation of the wave pattern. In summary, the EURGBP day chart analysis indicates the market is in an impulsive trend phase within orange wave 3, following the completion of orange wave 2. The current focus is on orange wave 3 of 3 within this structure, suggesting strong upward momentum. The analysis anticipates a transition to orange wave 4, a corrective phase, once the current impulsive wave completes. The wave cancel invalid level is 0.84997, crucial for maintaining the validity of the current wave analysis.   Elliott Wave Analysis Trading Lounge 4 Hour Chart, Euro/British Pound (EURGBP) 4 Hour Chart EURGBP Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Gray wave 3 POSITION: Orange wave 3 DIRECTION NEXT HIGHER DEGREES: Gray wave 4 DETAILS: Gray wave 2 appears complete; now gray wave 3 of 3 is active. Wave Cancel Invalid Level: 0.84334 The EURGBP Elliott Wave Analysis on the 4-hour chart suggests the market is in a trend phase. The mode of this trend is impulsive, indicating strong, directional price movements. The current wave structure under analysis is gray wave 3, with a specific focus on orange wave 3 within this structure. This positioning implies the market is in the third wave of a larger impulsive sequence, typically characterized by the most substantial price movement within the wave cycle. The next higher degree direction is indicated as gray wave 4. This suggests that after the completion of the current impulsive wave (gray wave 3), the market is expected to enter a corrective phase (gray wave 4). This phase usually involves a pullback or consolidation before the market resumes its primary trend direction. Detailed analysis shows that gray wave 2 appears to be complete. This suggests the market has finished a corrective phase and has now entered gray wave 3 of 3, which is part of the impulsive sequence. This wave is crucial as it generally indicates a strong continuation of the trend, often marked by significant price movements. A critical aspect of this analysis is the wave cancellation invalid level, set at 0.84334. This level is vital for validating the current wave structure. If the market price falls below this point, it would invalidate the current wave analysis, necessitating a re-evaluation of the wave pattern. In summary, the EURGBP 4-hour chart analysis indicates the market is in an impulsive trend phase, specifically within gray wave 3, following the completion of gray wave 2. The current focus is on orange wave 3 within this structure, suggesting strong upward momentum. The analysis anticipates a transition to gray wave 4, a corrective phase, once the current impulsive wave completes. The wave cancel invalid level is 0.84334, crucial for maintaining the validity of the current wave analysis.   Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!  
    • This looks like a promising development for the TON ecosystem. Accelerating growth through Tonnect 2024 could really enhance the network's capabilities and adoption. It is surprising that how the new features will integrate with existing TON projects and what kind of partnerships or collaborations are planned.
×
×
  • Create New...
us