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- scalpt replied Nov 9, 2007
Back testing is a good indication that the system might works, but I like forward testing better; you can learn a lot more by seeing the system in action most importantly your money managements skills being included as you see the trades happening ...
- scalpt replied Nov 9, 2007
How do we know if its greed or feer that is casuing the reversal? ... My gut feeling is, because we are emotional beings, psychology will actively play a role in the decision making process; but trying to make decisions based on the mass psychology ...
- scalpt replied Nov 9, 2007
p/s: No body actually answer my question yet... where actually you guys got that figure of 95% thinggy? If you know... where to find it? Any survey... research... solid data? Why every year just the same... 95% I am still ...
- scalpt replied Nov 9, 2007
If a Market makers know your weaknesses, your fear, and your lack of knowledge they can rip you off cleaned most of the time. To me trading is like a profession, your have to be persistent and be educated, it's not about psychology but about your ...
- scalpt replied Nov 8, 2007
From other threads, I think any time frame below 5 min is considered scalping.
- scalpt replied Nov 7, 2007
Scalping will eat you up by the end of the day; it's a very exhausting work. Just imagine having to push prices your way mentally every time it went the wrong way, about every 2 seconds, not counting false breakout every couple of trades. It's very ...
- scalpt replied Nov 7, 2007
Sorry for not being so cleared, I've been trading stocks and options for along time; I just got into forex in the case of a recession, which is coming very soon, so that I can trade both ways of the market, up and down. I've been consistent in forex ...
- scalpt replied Nov 7, 2007
You can't trade being intimidated by the market like most traders (95%) I've seen here in this forum, you have to find ways to be the best your own way. I don't have to tell you that because I know you're a good trader, I'd learned something from ...
- scalpt replied Nov 6, 2007
Same back at you.
- scalpt replied Nov 6, 2007
I was at level 32 after 3 months trading forex and now I'm on to 37 hopefully soon. My engineering experience has taught me to find ways to solutions faster by working smarter; trading is like a business endeavor one would acquired persistence and ...
- scalpt replied Nov 6, 2007
Some guys get out at your set pips limit, and get back in when price reversed and continued passed your last exit, or when price just passed the last reversal point.
- scalpt replied Nov 6, 2007
If you're using the 1 hr chart, to me, you are trading in the trench. This is the zone where I made most of my pips, and where most traders stay away from. I don't want to be in the way of this thread but if anyone seriously want to implement this ...
- scalpt replied Nov 6, 2007
This method is a classic and still one of the best way to trade stocks, but in my opinion if you want to get more pips you'll need to get into the trenches and trade inside the consolidation zones; this is where the extra cash comes in. I mean, what ...
- scalpt replied Nov 5, 2007
I think Oanda looks better, it clearly show price movements; when prices dropped and pulled back or vise versa you can see a line sticking out. On MetaTrader chart there were two bars missing so it can't be the same. scalpt
- scalpt replied Nov 4, 2007
I used to carry a feather with me for such occasions but I'm afraid I can't do that anymore, the animal right groups will be all over me; back to SMS signals I guess. scalpt
- scalpt replied Nov 3, 2007
You may be better than I am at scalping but I can hold my own trading. I know when to set the trade and walk away for a while rather than constantly monitoring the trade; it all depend on market trending, volatility of the day, S/L and T/P... Here's ...
- scalpt replied Nov 3, 2007
I like to scalp for some quick pips also just for fun, but not to the point that I want to trade all the time. When I see a nice trend I would rather set a trade then go golfing for couple hours to enjoy some time off and unwind. It's a combination ...
- scalpt replied Nov 2, 2007
Now that you've said it, I don't think scalping alone is a very successful strategy. If you count pips in the 5 minutes cycles you will see that there aren't much to scalp for, and most of the time they are just not worth it. I would much preferred ...
- scalpt replied Oct 30, 2007
You are still inside .7 and .66 range, let's see what happens next before you make another move. scalpt
- scalpt replied Oct 30, 2007
Stoch daily is starting to turn so it's might be possible that you can get back your money, back sooner than later I hope. Good luck. scalpt