Carpe diem: Intraday tactics for Dax and Dow

longs

add longs

set profit around 12620 and stop loss at breakeven point of the two trades

i am back, finally price didn´t move up enough to hit my set profit, anyway any profit is good.

5*50=250 points
5*24=120 points

have a nice weekend

bien hecho ! I noticed our German friend Delta is gone as well.

thank you Raaammy for your kinds words!

by the way did you erase your photos about tiny scalping? i had no time to check it!

Main problem i see is how manage loser trades because price can go against you quickly and in case of closing on losses( i.e. 20 points), which can be difficult to recover with tiny and continous profits. Also another problem i have experienced is i have difficulty to close a scalp position if i think is a good entry point to achieve for more profits and the trade happens to become from a tiny scalp on a intraday trade.

regards

Hi Littspaniard,

I scalp 5 second charts targeting 3 pips per trade. And the reason I don't post my trades here is that their is no time! My take profit is set to +5 pips, but as soon as I enter the trade my finger is ready to close the trade. My stop is -5 pips which is the minimum I can set.

I am always looking to learn from others, and while doing a google search on scalping I came across someone who was very successful at scalping 3 pips per trade (on the Dax). I couldn't work out how he was doing it (his reason for entry). And I think his photos showed on time scale, but he was entering on a lower time scale. So I decided to post the photos on a forum to see if anyone else had any knowledge of trading this way, or who knew of the trader (I would like to contact him).

The forum post was - Scalping 3 pips per trade. And Forex Factory listed the post in Trading Journals. I also decided to list the photos and info on this post, just in case there were other DAX scalpers like me. www.forexfactory.com/showthread.php?t=758625

I then discovered why those of us who scalp don't bother to post, because of the negative replies from failed traders who think they are experts!

I have better things to do with my time than argue with knuckle-dragging Neanderthals, and so to make sure I wasn't going to be dragged down to their level I decided to remove as much of the post as I could.

I did however list a youtube video of a French guy who is very successful at scalping called Benoist Rousseau. He is a bit of a celebrity in France, has produced many youtube videos and appeared on financial tv programmes. I did so to prove to the Neanderthals who think it is impossible to profitably scalp 3 pips every trade were wrong.

All the best.

Raaammy

My 2 cents - scalping 3 pips at a time, instead of 30 or more pips, is like digging a ditch with a hand shovel as opposed to using a bulldozer. Both ways get the job done. One though takes a lot more effort.

long Dow 24136 SL-10 TP 30

SL to b/e

SL hit

I get up most mornings 630am EDT so I have no excuse that I didn't see this trade today ahead of time.

For those who like Fibs here was a lower swing high trade possibility that I didn't get in Dow (YM futures) with perfect 61.8% squaring of price and time (2 ways retracement of the move down from globex overnight high down to swing low and most recent high to high move). "I'll get 'em next time".

you need to spend more time on the charts and less time here talking.

concerning about yourself rather than others.

1 min 10 stop..a punt

closed minus 3

longs

move stop at even

stop loss hit at even

longs 12864, stop loss 10 points