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  • Who Can Trade a Scalping Strategy?

    From dailyfx.com

    The term scalping elicits different preconceived connotations to different traders. Despite what you may already think, scalping can be a viable short term trading methodology for anyone. So today we will look at what exactly is scalping, and who can be successful with a scalping based strategy. What is a Scalper? So you’re interested in scalping? A Forex scalper is considered anyone that takes one or more positions throughout a trading day. Normally these positions are based around short term market fluctuations as price gathers momentum during a particular trading session. Scalpers look to enter the market, and ... (full story)

I'm trying to create somekind of a bit my own scalping stategy.I have read on forums many scalping strategyes withs ema,sma,macd,indicators etc... but i dont like them at alot.I could say it like that.I scalp a naked chart just keeping eye on support and resistance at the bigger timeframes.I could say that i'm nearly useing the strategy "Forec Surfing".At the week ahead of us i whould like to make a journal where icould post my trades so i could get some comments i whould like to hear from other people suggestions.
Scalping is nightmare. IMHO.
unless your very good at it ,its the quick way to the poor house
I can!
Shit Happens
it's all about time,practise,practise and practise
Interesting definition of a scalper by DailyFX, I would say that a scalper is someone who opens a trade with no intention of holding the position for more than a few minutes, or a couple of hours max.
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  •  Guest
  • | IP XX.XX.158.90
I have been index scalping for years, if I make less than one point a minute, it is a slow trade. on a few occasions I have made more than one point per second. my average trade time is less than 10 minutes. I have just closed a trade for +38 pts in 8 minutes, and the market is moving a bit slow today, probably waiting for NFP. my recent hit rate is 9/10.
Real scalpers can't work on retail platforms.
Quoting Squeeze
Real scalpers can't work on retail platforms.
....real scalpers have trouble finding the retail platforms on which they can scalp.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  •  Guest
  • | IP XXX.XXX.44.121
Yes..You are right. Real scalpers can't work on retail platforms.
I was just going to edit my post by saying there may be one platform and broker that I know of and have used in the past that scalpers have a good chance with. Dukascopy.

But it's not just the spread, it's the poor fills and slippage that can kill scalping (in the true meaning) with nearly all retail brokers. A round trip of 3-4 pips on average across many of the major pairs kinda kills it IMHO.


Quoting Exodus
....real scalpers have trouble finding the retail platforms on which they can scalp.
Scalping (for a few pips) is for losers.
Wrong, it's incredibly efficient on the right platform with the right strategy and method.

Quoting Mingary
Scalping (for a few pips) is for losers.
Quoting Squeeze
Wrong, it's incredibly efficient on the right platform with the right strategy and method.
I agree, right platform.

But strategy ? ?? really ?
Why settle for 3 pips when when the market can give you lots more.
All trades begin as a scalp.
Quoting Squeeze
I was just going to edit my post by saying there may be one platform and broker that I know of and have used in the past that scalpers have a good chance with. Dukascopy.

But it's not just the spread, it's the poor fills and slippage that can kill scalping (in the true meaning) with nearly all retail brokers. A round trip of 3-4 pips on average across many of the major pairs kinda kills it IMHO.
I used to use Dukascopy, I was very happy with them and am considering going back to them. ATM I am with LMAX and will see how I get on there. Also my trade explorer is with Oanda and I might give them a push to see what happens. I have moved away from scalping, I have only recently realised why I was variable in performance - and mostly unsuccessful. Even if I loaded an account I don't think I would have a problem with fills, since I have reduced my trade leverage I am unlikely to ask for a million or more.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
It's what I do 24/7, Sunday to Friday. All automated - buy/sell orders, trailing stops and take profit limit orders. I'm looking for an average pip gain significantly above 3 pips beyond that I won't go into detail wrt strategy.

The spreads, poor fills and slippage kills it in retail IMO. The lot size is irrelevant. The main problem as I see it is that you might have 8 trades (win or lose) filled on the button with no slips, then 2 poor fills or slippage kills it with no come back with the broker.


Quoting Mingary
I agree, right platform.

But strategy ? ?? really ?
Why settle for 3 pips when when the market can give you lots more.
All trades begin as a scalp.
Quoting Exodus
I used to use Dukascopy, I was very happy with them and am considering going back to them. ATM I am with LMAX and will see how I get on there. Also my trade explorer is with Oanda and I might give them a push to see what happens. I have moved away from scalping, I have only recently realised why I was variable in performance - and mostly unsuccessful. Even if I loaded an account I don't think I would have a problem with fills, since I have reduced my trade leverage I am unlikely to ask for a million or more.
  •  Guest
  • | IP XX.XX.176.232
slippage? wot's slippage? I scalp with bids and offers, no such thing as slippage unless you use a stoploss, which I never do. if necessary, I stop myself out.
  •  Guest
  • | IP XX.XX.176.232
P.S. don't try scalping on a spreads platform, I have tried it. your account will get smeared.
Then you'll fail

Quoting Guest
slippage? wot's slippage? I scalp with bids and offers, no such thing as slippage unless you use a stoploss, which I never do. if necessary, I stop myself out.
The key to any strategy I think is in its consistency...both in the strategy itself and in your ability to execute it. The amount of pips whether it be a few or 100,s is of no consequence as long as you can consistently achieve a positive result over a reasonable amount of time and with reasonable drawdown depending on your time frame and outlay.

I use a 4hr/daily strategy where I am typically in just one or two trades for 1 -4 weeks and expect my gains to be in the hundreds of pips. This requires very little of my time from day to day to implement.

But then I get bored and miss the excitement so I switch to using my scalping strategy based on a 1min chart. My pips are much less but so is my drawdown so I can load up somewhat and achieve profit results that exceed my longer term strategies where the pips total is far more per trade.

Trouble is to do this I need to be in front of a screen for a number of hours every day and after about 4 -5 weeks I find myself going back to the longer term methods to give myself a break until I am ready for my next adrenalin hit.
As a beginner (2009) I started w scalping and was incredible successful, until...my broker noticed my performance (it was his fault to miss my account for a month or so), and somehow all went down. Today I've learnt that it's a sisyphic work and no shortcuts to keep a steady earning
  •  Guest
  • | IP XX.XX.176.232
@Squeeze, I have scalped only about 20 times in the last three months and lost once, making up that loss on the same day, my average gain being about 50 points per trade in under 10 minutes. meaning I don't trade unless the setup looks right. I really think you have no idea what I am talking about, you are probably trading on MT4 or 5, there are other platforms out there. After trading full time for a living for the last 6 years (we don't get food stamps or charity here), I should know what I am talking about. I can easily sit in front of a screen for 10 consecutive hours if necessary. It's my bread and butter. If my concentration is not right then I switch off my computer and go sleep. I will be trading NFP if the setup looks right.
I'm a trend/swing trader too but the most successful scalping strats involve no sittin for hours watching the monitors as it's all automated.


Quoting midaspro
The key to any strategy I think is in its consistency...both in the strategy itself and in your ability to execute it. The amount of pips whether it be a few or 100,s is of no consequence as long as you can consistently achieve a positive result over a reasonable amount of time and with reasonable drawdown depending on your time frame and outlay.

I use a 4hr/daily strategy where I am typically in just one or two trades for 1 -4 weeks and expect my gains to be in the hundreds of pips. This requires very little of my time from day to day to implement....
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
scalping is good when u have a plan. Your MM mush be in good shape. just use 5% from capital not more than that.Or maybe you can go to H1 chart and just take about 10 pips but OP more . which is very good money I think
Speaking of scalping... tonight (I am in Australia) the London open has been a perfect session to scalp the Cable & Euro.
I can scalp, though it is not my best way to trade. Any way, the best way is all about what fits every specific trade successfully. So, whatsoever it works for any one, it will be his or here best way to trade.
Quoting Spreadbetter
I'm a trend/swing trader too but the most successful scalping strats involve no sittin for hours watching the monitors as it's all automated.
Yes I must admit I have often thought I would like to automate the process but have never looked into what is involved to be able to convert my plan. Because I have traded for a while occasionally my process involves a bit of intuitive analysis particularly around news times depending on the report or when you see certain levels where the stops are being taken out as opposed to a real move...so I am not sure how that can be programmed.

But I get back to the reason I am scalping in the first place...for me it's not always just about the money...from time to time I get bored & I enjoy the hands on, in the trenches pitting my skills against the market game...something an EA or ATS wont give me.

Tonight I have locked in 88 pips and still have a long with the cable which is still climbing (not that that is important)...but what is satisfying is that I executed my plan, got a good result and I feel good about my work.
Quoting Spreadbetter
I'm a trend/swing trader too but the most successful scalping strats involve no sittin for hours watching the monitors as it's all automated.
... I should also say that the 4hr/Daily chart method I use only takes a few minutes a day to monitor so I am not staring at a screen for much time. But you have got me interested to maybe look into ATS systems and see how they stack up.
That's the beauty of swing trading once you know what your doing.


Quoting midaspro
... I should also say that the 4hr/Daily chart method I use only takes a few minutes a day to monitor so I am not staring at a screen for much time. But you have got me interested to maybe look into ATS systems and see how they stack up.
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Just took 18 pips out of Cable in 3 minutes. Surely that qualifies as a scalp.....
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
Yep, give yourself a gold star


Quoting Exodus
Just took 18 pips out of Cable in 3 minutes. Surely that qualifies as a scalp.....
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
You're not scalping if you're averaging 50 points per trade and I don't believe your stats. I/we trade through EBS and or Autobahn....


Quoting Guest
@Squeeze, I have scalped only about 20 times in the last three months and lost once, making up that loss on the same day, my average gain being about 50 points per trade in under 10 minutes. meaning I don't trade unless the setup looks right. I really think you have no idea what I am talking about, you are probably trading on MT4 or 5, there are other platforms out there. After trading full time for a living for the last 6 years (we don't get food stamps or charity here), I should know what I am talking about. I can easily sit in front of a screen...
Yes, you can find retail platforms on which to scalp. To say otherwise is uninformed.
Name them..in your own time..


Quoting Russell412
Yes, you can find retail platforms on which to scalp. To say otherwise is uninformed.
This is good discussion. I wish anybody would start thread:

Switching from small time frame scalping to higher time frames.

Once you addicted to small time frame scalping, it is very hard to switch to higher time frames - even we know, that it will generate more pips and will be less work. How to turn your psychology from adrenaline trading to slower speed....

I am interested in good strategies about 1 hour 4 hour candle scalping with Pivots or Bollinger Bands. Please send me links, if you know good strategy. Thank you all for responding.

P.S. Do not see any problem scalping on retail platform.
Wrong on 2 counts, if it's a market maker you've got no chance of making it work. Secondly this ECN/STP model kills real scalping. Also note that circa 5% of retail traders win, the percentage who scalp and win is fractional and I speak as someone whose seen the books of a good spread betting firm in the past.



Quoting Russell412
Yes, you can find retail platforms on which to scalp. To say otherwise is uninformed.
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
According to this article, any intra day trading is scalping. The example they give has a 50 pip stop and a 100 pip target. I dont consider that scalping.

I am only looking for 3 - 5 pips from a trade and can place as much as 100 positions in a day or as few as one. The odds against you are very high due to trading costs. The incentive is fast returns that when compounded will produce faster account growth than longer term strategies.

I trade with IC Markets true ecn with 0.2 pips average spread on EUR/USD and a commision of $5.50 USD per round turn. So I have to beat a 0.75 spread. Its stressfull and time consuming and about two thirds of my profit go to my broker but so far there is enough left over to grow my account.

If I had a larger account, say 100k+ I could get cheaper conditions and faster execution which would make it much easier.

I currently use that prehistoric rusty old bucket of bolts MT4 to trade which is my biggest barrier to success. Market orders can hang for more than a second so the trade can be all over before it finally gets around to executing. Unfortunately thats the only way I can get the cheap trading costs with my little account.

The odds are against me surviving long enough to ever see institutional level trading conditions but I can dream cant I?
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Excellent points well made. Nothing more needs to be added.


Quoting M.A.C.Doug
According to this article, any intra day trading is scalping. The example they give has a 50 pip stop and a 100 pip target. I dont consider that scalping.

I am only looking for 3 - 5 pips from a trade and can place as much as 100 positions in a day or as few as one. The odds against you are very high due to trading costs. The incentive is fast returns that when compounded will produce faster account growth than longer term strategies.

I trade with IC Markets true ecn with 0.2 pips average spread on EUR/USD and a commision of $5.50 USD per...
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Quoting Spreadbetter
Excellent points well made. Nothing more needs to be added.

I will add that I have been trying for 8 years and have lost 30k to get where I am today.

All that to become a better gambler?

Back then the best we could get was 2pips fixed spread from a scam bucket shop who wouldnt let you profit even if you could beat the spread. Although conditions are much better now, I wouldnt advise anyone to follow in my footsteps. There are much better things to do with a life. Try looking for opportunities to give love instead of take profit, thats my advice
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If you can make money scalping than you should scalp. If you can't, then you shouldn't. Sometimes time is your friend, sometimes it is not.
I heard somebody said "shaving" strategy or method --- make 1 to 3 pips per entry. I believe "scalping" --- make 5 to 10 pips per entry. "day trading" or short-term trading, --- make 10 to 50 ppips per entry or per single trade. above 50 to 200 pips per trade may be called swing trade.

for all trading,
(1). direction is No.1.
(2). exit and speed of exit is No.2

If you don't do massive scalping, retail platform has no problem during London and US session. Forecast move direction is key for scalping.

Can you forecast whether up/down for price to move in next 10 bars correctly? (in M1, or M5, or M15, or M60 bar). This is key to make $ ??? fail to forecast, then, high odd to loss.
Quoting Mr.4x
I can scalp, though it is not my best way to trade. Any way, the best way is all about what fits every specific trade successfully. So, whatsoever it works for any one, it will be his or here best way to trade.
Quoting Jack168
Can you forecast whether up/down for price to move in next 10 bars correctly? (in M1, or M5, or M15, or M60 bar). This is key to make $ ??? fail to forecast, then, high odd to loss.
as long as your reward is higher than your risk then you only need 50% accuracy with forecasting
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One of the best couple of posts I've read on here...ever.


Quoting M.A.C.Doug
I will add that I have been trying for 8 years and have lost 30k to get where I am today.

All that to become a better gambler?

Back then the best we could get was 2pips fixed spread from a scam bucket shop who wouldnt let you profit even if you could beat the spread. Although conditions are much better now, I wouldnt advise anyone to follow in my footsteps. There are much better things to do with a life. Try giving love instead of taking profit is my advice
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
"Blah Blah Blah "You can do it too!" Blah Blah Blah .... get a demo acc. at FXCM"

the end
  •  Guest
  • | IP XX.XX.42.50
Uhm, so catching 40 pip swings is scalping? I guess Im a scalper then but I have never called that scalp. I have always defined scalp as taking max 10 pip profit.
  •  Guest
  • | IP XXX.XXX.81.14
I scalp about 35 trades a day, and they pay my bills, beer and mortgage..... that's all I need, and have been doing this for about 8 years. Now spend more time doing what I love rather than working for some nonce in his ivory tower.
I would forexfactory to tell us more about clearing trades that a scalper can take especially for small accounts it will be a joy full and use full subject .
focus while relaxed to see better
if you cautch 30 to 50 pisps per day and the worth of 1 pip is 50$ to 100$ you can get one mounthly paycheck in a day.Its 1000% better than going to work each day.
Quoting BogiFX
if you cautch 30 to 50 pisps per day and the worth of 1 pip is 50$ to 100$ you can get one mounthly paycheck in a day.Its 1000% better than going to work each day.
Thats a big if

You sound like Peter Bain selling his training program " make $200/day with a $1000 by winning just 20 pips a day!" He sold thousands of copies but no one ever makes 20 pips everyday, let alone the sort of risk you needed to take with a 1k account to make $200. It was complete bullshit, it cannot be done

what about your losing trades? what about days when the market ranges less than 30-50 pips?

seriously dude, do you think you can collect 30-50 pips everyday? or even every month? What about the risk? what about the drawdowns?
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Of course you can't understand market every day and somedays it doesnt even moving at all.3 of 5 days you can collet 30 - 50 pips for sure.The risk depends to yourself at (How much will you risk or how much can you risk).If you can keep yourself in your hands and you arent entering the market on its small push (up or down) and you wait till the prise gets at a support and resistance area or till news move the price them yeah i still bileve that you can make with 2-3 trades in a day 30 - 50 pips.If you are at the start you need a worth of a pip 50$,in that point i was talking to big traders.
Sickening naivety. Pay close attention to what MACD is advising you.


Quoting BogiFX
if you cautch 30 to 50 pisps per day and the worth of 1 pip is 50$ to 100$ you can get one mounthly paycheck in a day.Its 1000% better than going to work each day.
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Quoting Spreadbetter
Sickening naivety. Pay close attention to what MACD is advising you.
In the past i have tryed MACD and ema/sma but i didnt like them.I'm Trading naked chart.(Please notice that i'm still learnig on a demo account)
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Quoting BogiFX
if you cautch 30 to 50 pisps per day and the worth of 1 pip is 50$ to 100$ you can get one mounthly paycheck in a day.Its 1000% better than going to work each day.
If you can do that I would say you can go into any of the big investment bank companies and decide the salary you want.
Pay attention to what MACDoug is telling you, not the fukcin MACD



Quoting BogiFX
In the past i have tryed MACD and ema/sma but i didnt like them.I'm Trading naked chart.(Please notice that i'm still learnig on a demo account)
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Quoting BogiFX
In the past i have tryed MACD and ema/sma but i didnt like them.I'm Trading naked chart.(Please notice that i'm still learning on a demo account)
Do not get involved in empty talking and philosophy, if you trying to achieve something, find here real traders who show real accounts, or demo accounts. It is best to learn from them, watch what mistakes they make, ask advice from them. Make your tests. Have to have time for it... Many good threads with good information gets abandoned here, because those traders are busy trading, not talking. Some make it, some do not. .. So many will go into teaching business. Teaching how to trade, writing books - it is easier then live trading, may be more profit from it. I respect that too - that's just business. (Keep that in mind too!)

I understand Scalping - making 1-3 trades per day. Overtrading - will kill your account. Less trades - more profit... ! I learned that hard way.

If you made 2 good trades with positive profit on real account - exit and switch to demo account... It does not matter if they are smaller, than you expected.... Can practice as much as you want on demo. Or make two demo accounts: treat one - imagine that is real money, other for all kind of tests. See what happens in both of them, then make decisions if you can go to real account. Good luck !
Quoting Guest
slippage? wot's slippage? I scalp with bids and offers, no such thing as slippage unless you use a stoploss, which I never do. if necessary, I stop myself out.
When you see a price moving in your favor in profit on a trade where all your indicators are screaming "BUY BUY BUY", or "SELL SELL SELL" you can immediately open your close window ( at least I can on MT-4) and see a chart showing the tick chart of the pair. If the chart is tracing an angle greater than 45 degrees or so, I call that a "Screamer", just wait for the angle to drop below 45 degress, this is called "screaming stopped". Close the trade and open the the entry window and the same tick chart will appear. Take a few breaths and wait and see if it starts screaming again. If it does, enter immediately (don't worry about stop loss or take profits).
You are now in what I call "Nekkid Trading". Open the close window again: wait for it to stop screaming and close for whatever profit the market gives you.

What stop loss? As soon as it stops screaming you scalp it. Market has no time to move against you. If you make a mistake you can close it faster than any stop loss will. (They have to be hit, first).

Once it is scalped and things seem to have calmed down, then go back to whatever trading method you prefer.

Both the Screamer strategy and the Nekkid trade strategy are scalping strategies that ANYONE can do. Once you acquire the touch, it really helps the bottom line.

When you get a chance to do it, it's a real kick in the pants. Just remember not to hold you breath. I would not want you to have a stroke. :-)
i hate scalping
is nightmare >_<
It is always funny to watch how much excitement the scalping is provoking in retail traders :-). And what is more amazing - how can anyone prefer sitting day after day in front of the screen instead of loading a longterm position at a good entry point and cash in a filthy nice and satisfying profit. Really can't figure out all that fuzz with scalping. If I want adrenaline - I ride adventure touring motorcycle - not rattling for 3 pips in front of the screen , but - different people...
Retail traders can't 'scalp' on close on 99% of the platforms available. Add to the fact that less than 5% of traders are profitable (and those that are tend to swing trade) then the odds suggest that successful retail scalpers are as rare as hens' teeth.

I scalp successfully and my screen time is as little as that if I chose to swing trade. It's all automated, it's all driven by the platform and having seen hundreds of failed scalping system it's the only method of scalping I've found thst works.

However, guess what, incredibly tight spreads, incredibly tight MM and only risking a tiny percentage of my account size makes it work. Think 0.1-0.2% risk per trade with an (on average) 2:1 win loss ratio and r:r of the same.


Quoting michaelpelly
It is always funny to watch how much excitement the scalping is provoking in retail traders :-). And what is more amazing - how can anyone prefer sitting day after day in front of the screen instead of loading a longterm position at a good entry point and cash in a filthy nice and satisfying profit. Really can't figure out all that fuzz with scalping. If I want adrenaline - I ride adventure touring motorcycle - not rattling for 3 pips in front of the screen , but - different people...
Quoting RabbitWolf
Do not get involved in empty talking and philosophy, if you trying to achieve something, find here real traders who show real accounts, or demo accounts. It is best to learn from them, watch what mistakes they make, ask advice from them. Make your tests. Have to have time for it... Many good threads with good information gets abandoned here, because those traders are busy trading, not talking. Some make it, some do not. .. So many will go into teaching business. Teaching how to trade, writing books - it is easier then live trading, may be more...
Thanks for the advice.
Lets say Scalping is only for just 1 time or two times per week but not make it ur own way for trade
Its not one time time or twice but it is a way to trade only strong momentum after ranges and If it fades, trade start to cover and get out at small loss and this is the best way to trade. Because it is the sentiment that can change anytime so there is no need to trade ranges after momentum breakouts as this will more often than not take out stops
Two good points, retail should avoid anything classed as scalping given the probabilities, the brokers and their platforms all 'work' against you. As someone has already said only 5% are successful those that scalp are a tiny percentage maybe 0.01%.

Quoting danzFX
i hate scalping
is nightmare >_<
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  •  Guest
  • | IP XXX.XXX.81.93
@michaelpelly: don't try scalping forex on MT4. I am telling you after trading for a living for 6 years, scalp ALSI 40 on diro platform. no spreads unless you are as dumb as my former mentor who thought that he could apply forex strategies to indices. the index moves (on average) about 50 points in 5 minutes. Most of you guys don't get it, you donno what I am talking about, especially the MT4 rookies. As a tip, the indicators that I use on diro are fast stochastic, proprietary stochastic, and volume. You get none of those on metatrader.

And ride safe Michael, like Jim Rogers. I travelled 1200 km every weekend to work and back for years on end on a bike, it took a lot of concentration to ride at over 200 kph for hours on end. I think that experience helped my scalping abilities - concentration for hours on end.
Quoting michaelpelly
It is always funny to watch how much excitement the scalping is provoking in retail traders :-). And what is more amazing - how can anyone prefer sitting day after day in front of the screen instead of loading a longterm position at a good entry point and cash in a filthy nice and satisfying profit. Really can't figure out all that fuzz with scalping. If I want adrenaline - I ride adventure touring motorcycle - not rattling for 3 pips in front of the screen , but - different people...

Ah, Michael, how I envy you. This old man is no longer capable of such things. There are so many things I have done I am no longer able to do. Motorcycling, Skiing, Spelunking, Making love to a beautiful woman, Holding my firstborn child in my arms for the first time.

Don't feel sorry for me. These days are the happiest of my life. I suspect that the most precious breath I draw shall be my last. I plan on enjoying it to the max.

A quick look back at my charts for yesterday tells me the most I made on a scalp was ten pips. (Mind you, I got right back in when the pending trade took after I had closed this one).

I have to pee three or four times a night and at three o'clock in the morning I pass by the screens.

Sometimes I just record in my journal trades that took profit. Sometimes I spot a screamer. A look at the trade just above the balance line sometimes show me a trade in profit, I open the close window, watch it make me more money, and then close. Sometimes I see that it has gone down for some time, but is still in profit. Naturally I close that.

Then I look at my indicators on the screens I just closed. Frequently there are pending trades ready to take over on continued movement. I make adjustments where necessary and am seldom out of bed any more than 10 extra minutes.

But I never. Ever sit in front of a screen in hopes something might happen. I have only so much time left. I plan on enjoying every breath. Reading is better.
Praying is better. Eating good food is better. Drifting off to a pleasant sleep is better.

Ride your motorcycle. Your system will take care of you. Enjoy life to the fullest. It is an insult to God to ignore the gifts He spreads before you!

Rap.
Go on, please sell it to me. I'm struggling to see and agree with the benefits but can see the obvious pitfall.


http://www.mydiro.co.za/index.php/provider


Quoting Guest
@michaelpelly: don't try scalping forex on MT4. I am telling you after trading for a living for 6 years, scalp ALSI 40 on diro platform. no spreads unless you are as dumb as my former mentor who thought that he could apply forex strategies to indices. the index moves (on average) about 50 points in 5 minutes. Most of you guys don't get it, you donno what I am talking about, especially the MT4 rookies. As a tip, the indicators that I use on diro are fast stochastic, proprietary stochastic, and volume. You get none of those on metatrader.

And ride...
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  • Posted: Mar 7, 2014 1:17am
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