most EAs fail because of stop losses.
scalping by hand is too difficult.
scalping by hand is too difficult.
Why do indicators not work/work? Why is Forex not truly random? 129 replies
Why doesn't volume work as an indicator in Forex? 14 replies
why curve fitting doesn't work? 23 replies
So simple... Why doesn't it work 20 replies
Why doesn't it work more recently? 17 replies
DislikedIf your broker puts restrictions on how you trade you need a new broker.Ignored
DislikedHi Craig,
It reminded me of a message I once received from FXCM. The message was please 'do not enter when the price is moving fast'.Ignored
DislikedHi Leon,
Lesson will be even harder when you trade 4 hour chart or 1 day chart or long term... As you can not predict the direction; draw down will kill you... stop hunting will kill you... to absorb the big draw down - you can not trade bigger lots - and you need bigger capital to absorb the draw down; smaller lot with long term results will make you a millionaire when you reach 100 years - where you can not use the money you made... Scalpers will be making the same amount in a few days... why wait... no sleep... monitor and pray for days, weeks or months... and never be rich... Learn proper scalping - Make Money and Enjoy the good things in life... LoL
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Dislikedi scalp, it works, and sometimes it doesnt...haha
curently i have set 8 pip fix sl, tp is always what market gives me,...before going against,...
i have set next rules,
If i see profit, i wait a little more and when it stop moving i take it,...
dont use sl to lock profit it is always hit,...
trade small, try not to be to angry,..if sl is hit, is hit,...wait, dont go in imediatly,..etc, etc,
keep going...Ignored
DislikedLinuxtroll, FXJarhead and JFX81 and Italianstarp(?) I think it was have all stated that they scalp for a living.Ignored
DislikedI seem to have thesame problems when trying to lock in profits! PRACTICE X1000, thats my plan!Ignored
Disliked
I finally found the true secret to trading, trade with the market everytime - and quit listening to the talking heads.Ignored
DislikedWell Linuxtroll, FXJarhead and JFX81 and Italianstarp(?) I think it was have all stated that they scalp for a living.
So I will just assume that it does indeed work if you know how.
My biggest problem has always been that I've never seen anyone properly break things down and lay out a scalping system that immediately struck me as workable and logic...there usually tend to be so many indicators or things involved (MA rainbows even! j/k..actually looked at that once, but never found the part where the entry and exit rules came into play back then I believe) that it never felt "right"...(I have a deep distrust for most indicators)
So the real challenge in responding to this article in my eyes is supplying a well laid out counter-argument in form of a working scalping system with a clear ruleset
Seen so many, liked(and believed) so littleIgnored
DislikedSame goes for all other trading systems too... there is no magic pill or entry/exit... Otherwise all will know where to enter and exit and all will become billionaires from that rule-set...
Key is to keep it simple and stupid; train your eyes and brain for scalping... and repeat what worked by following Mantra... Worked for me many years...Ignored
DislikedI am training a neural network following your ideas, I think it is already starting to do better than me
The best part it never gets tired like I do.Ignored
DislikedI just scalped this thread.
Scalping is not for everyone, and either is Long term.
Trade what you have learned, and once you feel you have conquered the market, then you have just started your journey on this very long path of FOREXpectations.
I for one Analyze up to the monthly on 4-5 pairs, but I only enter my trades based on a 1/5 minute (I only scalp EJ) which I base my entry and exits on price action only, it suits me fine.
I finally found the true secret to trading, trade with the market everytime - and quit listening to the talking heads.
Until we scalp again.
KenIgnored