Guys,
Im new to trading, my general day to day job is within IT/Telco with decent salary etc, when i mention decent I see various clients making me looking like a bug. I was born into lower/middle class with good parents etc both having degree level jobs just not paid to lead a total rich live style.
I would like to improve on cash inflow while i do my current well paid job.
A bit more about my backround I now see kids born into money fair enough their parents done a good job landed lucky etc which is great for them.
My issue is working for someone else means I will never become rich ( dont get me wrong I live very nice and enjoy many luxurys ie cars i need to wait till i can afford it 3 years later.
Also In the UK I work in IT, and everyone within is undercuting causing empolyers to make a wishlish of qualifications to even apply for a new job at a less salary than im currently on. After all the uk is still very much in a reccesion what ever the government claim i look at the building trade and also no work.
Oh I forgot to add in 27 years old decent iq not genious but above 130, numbers seen to be my game I dont care too much for spelling or grammer as whats a spell check for?
Ok after all that im based uk Glasgow and have been paper trading for 2 years using different brokers and have settled with intertrader and employing as scalp system on the AUD/USD only making it a basic as possible 1m charts using macd default, RSi , and price ocilator default.
Intertrader charge 1 pip so my target is +2.3 = £130 take profit. I never let profit run or chance just take and go.
Now when to trade is the tricky bit i would look for a differegence on rsi on the 5 min chart and fit into lower macd within the min within that i would look to tick chart to take same princible and go long/short if the price goes to £120 i will not deal and wait for a min of the£130 but most of the time it is higher.
I will then wait for the 1 min to reverse and retrade on the other side if the trade goes the wrong way i take loss at £500 but at a above 85% win ratio its acceptable.
The problem i face that i work full time so my time in the market (when volitile) is 1200pm-1400pm uk time
Note to this i also add in bollinger bands and 20pma and finnally a price occilator not the stochastic as this orginal was sold to me as the best indicator
none of theese being the main ind but the combined with rsi and macd slowdown seeem for me strong.
Of my demo accounts each have had different tactics & outcomes however the 1-5m scalping seems profitable my intial outlay would be the 10k with the same as the demo.
I read a lot of people making things more complicated than they need to be ie finabrchi etc at the end of the day it either goes up or down espesically in a small time frame.
If any one could comment or even better someone local to glasgow view my style for a free run in my car :clap:
Im new to trading, my general day to day job is within IT/Telco with decent salary etc, when i mention decent I see various clients making me looking like a bug. I was born into lower/middle class with good parents etc both having degree level jobs just not paid to lead a total rich live style.
I would like to improve on cash inflow while i do my current well paid job.
A bit more about my backround I now see kids born into money fair enough their parents done a good job landed lucky etc which is great for them.
My issue is working for someone else means I will never become rich ( dont get me wrong I live very nice and enjoy many luxurys ie cars i need to wait till i can afford it 3 years later.
Also In the UK I work in IT, and everyone within is undercuting causing empolyers to make a wishlish of qualifications to even apply for a new job at a less salary than im currently on. After all the uk is still very much in a reccesion what ever the government claim i look at the building trade and also no work.
Oh I forgot to add in 27 years old decent iq not genious but above 130, numbers seen to be my game I dont care too much for spelling or grammer as whats a spell check for?
Ok after all that im based uk Glasgow and have been paper trading for 2 years using different brokers and have settled with intertrader and employing as scalp system on the AUD/USD only making it a basic as possible 1m charts using macd default, RSi , and price ocilator default.
Intertrader charge 1 pip so my target is +2.3 = £130 take profit. I never let profit run or chance just take and go.
Now when to trade is the tricky bit i would look for a differegence on rsi on the 5 min chart and fit into lower macd within the min within that i would look to tick chart to take same princible and go long/short if the price goes to £120 i will not deal and wait for a min of the£130 but most of the time it is higher.
I will then wait for the 1 min to reverse and retrade on the other side if the trade goes the wrong way i take loss at £500 but at a above 85% win ratio its acceptable.
The problem i face that i work full time so my time in the market (when volitile) is 1200pm-1400pm uk time
Note to this i also add in bollinger bands and 20pma and finnally a price occilator not the stochastic as this orginal was sold to me as the best indicator
none of theese being the main ind but the combined with rsi and macd slowdown seeem for me strong.Of my demo accounts each have had different tactics & outcomes however the 1-5m scalping seems profitable my intial outlay would be the 10k with the same as the demo.
I read a lot of people making things more complicated than they need to be ie finabrchi etc at the end of the day it either goes up or down espesically in a small time frame.
If any one could comment or even better someone local to glasgow view my style for a free run in my car :clap:
