igordennis1
Member
Hey guys,
So after a lot of experience using these tools in my main account, I decided to open a small account and see how far i could get by doing the generally not advisable thing of full leveraging and basically having the account's balance as the stop loss. Since the account was only $150 (real money, not demo), it wasn't a big deal at first if i blew it and was more of a fun experiment.
The scalping matrix as a tool is meant to be used for counter trading, so of course that was the approach used for this strat. Since using the tools so much i basically can only trade in this way and i feel wrong longing something at the top hoping it's gonna keep going up or shorting at the bottom hoping it's gonna keep going down. Been burned before as I think all of us have at some point longing tops or shorting bottoms and it's not a good feeling.
Then, to start off, this is how it went:
A good start. Now, you might note that instead of going for one single position (so called "sniper entry"), what I did is short something at what I considered to be resistance that it would respect. And then, in case there was enough volume to push through this resistance, I waited to open another, larger, position at a better price, with the expectation that price would come down, at the very least to test the previous top which was the initial entry. This isn't a guaranteed thing to happen and is dependent on several factors, like the structure the Price Action is creating, the time of the hour, the sessions open, the currencies you're trading, whether news came out and so on.
Key to this is of course the tools this website provides. The highest probability trades would always be the ones triggering 9.9 PTBs (or the rare GTVs). If PTB is triggered right when price is at major supply/demand zones then it would usually have an instant reaction and provide a high probability 5-10 pip scalp. If PTB is triggered, doesn't reset and price keeps pushing beyond the usually respected zone, then it is important to have the margin to short/long at better prices. A bigger retrace at that point becomes basically certain and so an entry at the best price beyond the range is required so that the best position turned the whole trade in profit. This meant sometimes my first entry would be a loss, but overall the trade was profitable. Having more than one entry became pretty important rather than relying on one single sniper entry. When the market heats up and price runs away from the range, if price doesn't come back then you are trapped and either hold hoping it will give you an exit or watch as price bounces and continues to run away after the retrace happened outside the range.
Then, next the account milestone of 1k:
And then 10k:
This is how a trade looks on the chart:
It's going up! I'm not longing on a big green candle, i'm shorting it.
But then you look at where price went next and wonder, but you missed out on so many pips! Yeah but price could also have easily reversed back the other way. It is never good to expect that price will keep going your way when scalping (especially high leveraging) and you have to be ready to get out lest your profitable trade becomes a loss.
Then 50k:
And 100k:
I wasn't expecting this to go that far but it was interesting. The Scalping Matrix is a gold mine of trades after you learn how to use it. Unless the market really heats up and price does some ridiculous overextending shit (which can lead to a GTV triggering) then the 9.9 PTBs basically tell you where the wick of a 15 minute candle is gonna be. There are usually 3 scenarios for how it plays out:
1. The zone the PTB triggered becomes a 15-30min wick and becomes support/resistance where price bounces/tests a few times (can scalp it several times if you're willing to trade the noise)
2. The PTB signals the pullback, it becomes a wick but then the pressure from the other side is too high and after a retrace, price continues through, breaks the wick and makes your trade into a loss if you were not smart to take profit during the retrace.
3. The zone becomes a pivot which isn't tested for the rest of the entire day and price runs away in the other direction. This is rarer, and might only happen when price hits 9.9 and continues to push and overextend (or when combined with a GTV).
It provides some pretty high probability trades with bigger lot sizes and smaller stop losses. I wouldn't recommend doing what I did with this account (full leveraging on some trades) since it was basically an experiment (albeit with real money, it wasn't a demo account) because that meant I had to be really cautious with some exits but it does allow for some fantastic trades at the end of the day.
So after a lot of experience using these tools in my main account, I decided to open a small account and see how far i could get by doing the generally not advisable thing of full leveraging and basically having the account's balance as the stop loss. Since the account was only $150 (real money, not demo), it wasn't a big deal at first if i blew it and was more of a fun experiment.
The scalping matrix as a tool is meant to be used for counter trading, so of course that was the approach used for this strat. Since using the tools so much i basically can only trade in this way and i feel wrong longing something at the top hoping it's gonna keep going up or shorting at the bottom hoping it's gonna keep going down. Been burned before as I think all of us have at some point longing tops or shorting bottoms and it's not a good feeling.
Then, to start off, this is how it went:
A good start. Now, you might note that instead of going for one single position (so called "sniper entry"), what I did is short something at what I considered to be resistance that it would respect. And then, in case there was enough volume to push through this resistance, I waited to open another, larger, position at a better price, with the expectation that price would come down, at the very least to test the previous top which was the initial entry. This isn't a guaranteed thing to happen and is dependent on several factors, like the structure the Price Action is creating, the time of the hour, the sessions open, the currencies you're trading, whether news came out and so on.
Key to this is of course the tools this website provides. The highest probability trades would always be the ones triggering 9.9 PTBs (or the rare GTVs). If PTB is triggered right when price is at major supply/demand zones then it would usually have an instant reaction and provide a high probability 5-10 pip scalp. If PTB is triggered, doesn't reset and price keeps pushing beyond the usually respected zone, then it is important to have the margin to short/long at better prices. A bigger retrace at that point becomes basically certain and so an entry at the best price beyond the range is required so that the best position turned the whole trade in profit. This meant sometimes my first entry would be a loss, but overall the trade was profitable. Having more than one entry became pretty important rather than relying on one single sniper entry. When the market heats up and price runs away from the range, if price doesn't come back then you are trapped and either hold hoping it will give you an exit or watch as price bounces and continues to run away after the retrace happened outside the range.
Then, next the account milestone of 1k:
And then 10k:
This is how a trade looks on the chart:
It's going up! I'm not longing on a big green candle, i'm shorting it.
But then you look at where price went next and wonder, but you missed out on so many pips! Yeah but price could also have easily reversed back the other way. It is never good to expect that price will keep going your way when scalping (especially high leveraging) and you have to be ready to get out lest your profitable trade becomes a loss.
Then 50k:
And 100k:
I wasn't expecting this to go that far but it was interesting. The Scalping Matrix is a gold mine of trades after you learn how to use it. Unless the market really heats up and price does some ridiculous overextending shit (which can lead to a GTV triggering) then the 9.9 PTBs basically tell you where the wick of a 15 minute candle is gonna be. There are usually 3 scenarios for how it plays out:
1. The zone the PTB triggered becomes a 15-30min wick and becomes support/resistance where price bounces/tests a few times (can scalp it several times if you're willing to trade the noise)
2. The PTB signals the pullback, it becomes a wick but then the pressure from the other side is too high and after a retrace, price continues through, breaks the wick and makes your trade into a loss if you were not smart to take profit during the retrace.
3. The zone becomes a pivot which isn't tested for the rest of the entire day and price runs away in the other direction. This is rarer, and might only happen when price hits 9.9 and continues to push and overextend (or when combined with a GTV).
It provides some pretty high probability trades with bigger lot sizes and smaller stop losses. I wouldn't recommend doing what I did with this account (full leveraging on some trades) since it was basically an experiment (albeit with real money, it wasn't a demo account) because that meant I had to be really cautious with some exits but it does allow for some fantastic trades at the end of the day.
