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Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies

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Attachments: M1 Countertrend Scalping Strategy
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M1 Countertrend Scalping Strategy

Squeezed over 330 Pips from Gold today and over 100 Pips yesterday, no too bad so far this week.
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Quoting cpfleger
Making a 4 Hour stretched target... {image}
Congranulate 1973 gold is tp hit?
Quoting cpfleger
Squeezed over 330 Pips from Gold today and over 100 Pips yesterday, no too bad so far this week. {image}
Nice brother
Quoting ART2498
Day -7 (Week 2- Day 2) Account BLOWN Was caught in a trend with cost averaging and down about 25-30% account size in gold when a sudden spike came and I had a 45 Pip 1 minute candle, and upto 60 pips in a few more candles. The sudden move brought me to the edge of a margin call and the move didnt seem to be slowing down either so I closed everything down. Gonna start round 2 tommorow. maybe I'll try a $200 account this time arround.
ART2498, you are using the wrong lot size for your account balance or Demo balance, whatever it is. KOF says that minimum is $1000 for .01 lot, but if you do not have that amount of money, then the minimum is $500. You were using .02, .03 and .05 and .06, you will blow your account sooner or later. In addition, trading Gold with that low balance is not a good idea.
EMA 200
Quoting anonymus
{quote} Hy can i ask the yellow indicator name and settings? Thanks
Quoting cpfleger
Squeezed over 330 Pips from Gold today and over 100 Pips yesterday, no too bad so far this week. {image}
Top Man
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
Quoting ART2498
Day -7 (Week 2- Day 2) Account BLOWN Was caught in a trend with cost averaging and down about 25-30% account size in gold when a sudden spike came and I had a 45 Pip 1 minute candle, and upto 60 pips in a few more candles. The sudden move brought me to the edge of a margin call and the move didnt seem to be slowing down either so I closed everything down. Gonna start round 2 tommorow. maybe I'll try a $200 account this time arround.
that is what im talking about! D:
Quoting cpfleger
More Dollars... {image}
how about this one? did you closed it with a loss? or did you add your position as it goes down? Now its 76 pips drawdpwn?
Quoting cpfleger
Squeezed over 330 Pips from Gold today and over 100 Pips yesterday, not too bad so far this week. {image}
very well done!
without patience how can you be a trader?
How do YOU perfect your Trading Business ???
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GU
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Quoting cpfleger
How do YOU perfect your Trading Business ??? {image}
Hello cpfleger.
I have been following this thread for some time and find it very interesting and am still testing. I am trying other combinations of indicators to adapt it to my trading style. Thank you very much for your advices.
Gerry
Perfect that Trading Business - today.
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Perfect that SKILL.
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What do YOU see ?
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gerryjam,
Your welcomed but try and keep it simple and sweet, then you will become a Process Master.
Performance is King.
cpfleger
Quoting cpfleger
What do YOU see ? {image}
Answering from my mobile at work but couldn’t help myself getting involved (naughty me)

Trend continuation
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
Excuses on a Wednesday... please apply.
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Seabreeze,
Yes but the thought was around the difference in the Timeframes - M1 to M5, your eyes do not align properly and all most retail Traders see is the 5M line of green candles and Money, not the 1 Trade or many trades on the 1M because we want a Lambo and NOT to become a Process Master, thats soooo boring.. More money for me then.
cpfleger
Lambo's
It cost 5k within the first month to replace the clutch plates that you will wear out burning rubber.
Oil change is 3,5k in 6 weeks.
Tires (Tyres for the Brits) will set you back 15k in 8 weeks.

Oh sh*t I only won 175k on Forex and not another 20k for maintenance, damn miscalculated again.
cpfleger
3 traders viewing now, 2 are members:
jj90
,
Arsu111