encryptedehs,
Or take half off at 100 and close the remaining at 200 IF the Market feels right.
cpfleger
Or take half off at 100 and close the remaining at 200 IF the Market feels right.
cpfleger
2
Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies
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DislikedSo, for these past days I've been doing some trading off the ideas I've been seeing here. I wanted to do something I was already familiar with so I've been using a zigzag / semafor (not visible in the chart), when price was overextending I would start entering and targetting somewhere around the 50% of the swing. When it didn't, I would average in, but spacing my orders decently to avoid overtrading. For a few days it worked better than I expected, and drawdown was minimal. Total so far was +1.9%~ (I'm very conservative). When price didn't stop...Ignored
Disliked{quote} those quick trades can lead to a boost of self confidence! you should be right on this one as it returns to ema200, good luck donny! also keep in mind it will not be an overnighter if you get stuck, it will be a weekender... at least it's positive swap this time! {image}Ignored
Disliked{quote} Hi Niks and Donny3rd, Can you explain the positive and negative swap? What does it represent? Buy swap and sell swap? Thanks,Ignored
DislikedLooks like I'm in it for the weekend! I was about to jump out at 4 minutes to market close with about $1.50 in profit (or so I thought) but it started getting wonky in the last couple minutes. I thought it was going to be a last ditch pump and dump. Then I was going to accept a approximate $0.45 loss at 2 minutes to close as price stalled. I guess clocks aren't exactly synced as I got "market halted" warnings when trying to close at the 58 minute mark. I wish the MT4 info update wasn't based on orders coming and going as the candle counter just...Ignored
Disliked{quote} very good donny, being so close to profit and closing with a small loss would of been an acceptable outcome, but timing is critical in this game sometimes and the last few minutes caught you out, a very valuable learning experience, those "market halted" warnings would been unsettling for sure... the market played with you right down to the last second! hopefully it continues where it left off and drops enough to close with profit on the market open next week... sounds a bit dodgy to me relying on ticks to update time!!! try and find one...Ignored
Dislikedok let me see if I have this right if you buy the aud-usd you pay them if you sell it they pay you?Ignored
Dislikedok let me see if I have this right if you buy the aud-usd you pay them if you sell it they pay you?Ignored
Disliked{quote} I was tempted to open up a chart on tradingview just for the countdown LOL. I'll mess with the market watch window and see how that goes. These last 5 weeks are my first and only experience witht he MT4 platform. I'm very much still learning it. Speaking of which, how are those entry and exit dotted line charts generated? Is that from an indicator or an option I can't seem to find in the program? Also, you explanation of swap was great and informative. I learned more for your short description than 72 hours of searching online. So thanks...Ignored
Dislikedok let me see if I have this right if you buy the aud-usd you pay them if you sell it they pay you?Ignored
Disliked{quote} if you are talking about swaps that is correct, aussie interest rate on tuesday might change itIgnored