Absolutely fantastic trading Steve!
Keep up the good work!
Keep up the good work!
- #2,662
- Oct 19, 2007 7:05am Oct 19, 2007 7:05am
- Joined Jun 2006 | Status: Trader | 2,512 Posts
Absolutely fantastic trading Steve!
Keep up the good work!
Reminds me, must give you a call & have a chat
OK, lunchtime scalp
GBPJPY short 236.66, closed 236.56 (+10)
Oct pips +2270
Oct bal increase +20.87%
Successive profitable trades 288
Kind Regards
Steve
- #2,663
- Oct 19, 2007 7:08am Oct 19, 2007 7:08am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
LOL, I do know where you're coming from and often it is the 10 & 20 pip trades that make up the bulk of the trades. However, I will leave positions open on occasion if I'm pretty confident I can grab more.
Bottom line though is that they add up and now over 2200 pips this month (see below) and over 4500 pips in the last 4 weeks scalping.
I think I'm just lazy.
Like I said - it seems to work for you =)
If it does, just give it the last polish every now and again and who knows, you may have found your niche
Trust price. Know yourself.
- #2,664
- Oct 19, 2007 11:31am Oct 19, 2007 11:31am
- Joined Jun 2006 | Status: Trader | 2,512 Posts
Old EURJPY short from 164.28 closed for 10 pips at 164.18 - shame I wasn'r around earlier as it was as much as 55 pips up but my T/P on these trades I leave open is at 100.
Oct pips +2280
Increase in A/c Bal Oct +20.96%
Successive 289
Oct pips +2280
Increase in A/c Bal Oct +20.96%
Successive 289
- #2,665
- Oct 19, 2007 12:21pm Oct 19, 2007 12:21pm
- Joined Jun 2006 | Status: Trader | 2,512 Posts
3 quick scalps on GBPJPY shorts - not been around much again today..
235.87 closed 235.77 (+10)
235.75 closed 235.55 (+20)
235.69 closed 235.59 (+10)
Oct pips +2320
Inc in A/c Bal Oct +21.38%
Successive profitable trades 292
Steve
235.87 closed 235.77 (+10)
235.75 closed 235.55 (+20)
235.69 closed 235.59 (+10)
Oct pips +2320
Inc in A/c Bal Oct +21.38%
Successive profitable trades 292
Steve
- #2,667
- Oct 19, 2007 12:26pm Oct 19, 2007 12:26pm
- Joined Jul 2006 | Status: Trader | 4,090 Posts
hi steve,
i wonder if you can show us a screenshot with a sell and a buy signal:.
im just interested in your price action trading.
haha
I dream, therefore I become.
- #2,668
- Oct 19, 2007 12:28pm Oct 19, 2007 12:28pm
- Joined Jun 2006 | Status: Trader | 2,512 Posts
hi steve,
i wonder if you can show us a screenshot with a sell and a buy signal
im just interested in your price action trading.
Well, pull up the GBPJPY 5 min covering the last hour and you should see why I was placing those 3 short trades. It did hit 235.36 on my chart a moment ago but I try and pick where I believe the retrace has run out of steam. As soon as a trade is 10 pips in profit, then 'bang', I move my s/l to +10 - quickest finger in the west haha
A lot of gut instinct and of course I'm sometimes wrong...
Kind Regards
Steve
- #2,669
- Oct 19, 2007 12:30pm Oct 19, 2007 12:30pm
- Joined Jun 2006 | Status: Trader | 2,512 Posts
Im interested in going to his house and making him tell me how he does it...
Im interested in going to his house and making him tell me how he does it...
- #2,673
- Oct 19, 2007 1:50pm Oct 19, 2007 1:50pm
- Joined Jun 2006 | Status: Trader | 2,512 Posts
Steve,
Congrats on your recent success and your adaptation from a intraday swing trader to the trenches of a 10pip wonder-scalper, certainly very inspiring!! An understatement to say the least and a testament to your focus and hard work. Keep up the great work. Wishing you all the continued success.
Pete
Haven't seen you on these boards for a long time apart from the odd fleeting visit. I'll always remember you as one of the very first people who took the time to PM me and give me encouragement and guidance in the early days of my journal. For that I'll be forever thankful
Kind Regards & hope you & yours are keeping well
Steve
- #2,674
- Oct 19, 2007 3:16pm Oct 19, 2007 3:16pm
- Joined Jun 2006 | Status: Trader | 2,512 Posts
Another old GJ short closed...
GBPJPY short 234.94 closed 234.84 (+10)
Oct pips +2330
A/C Bal Increase Oct +21.46%
Successive profitable trades 293
GBPJPY short 234.94 closed 234.84 (+10)
Oct pips +2330
A/C Bal Increase Oct +21.46%
Successive profitable trades 293
- #2,676
- Edited 1:19pm Oct 20, 2007 1:00pm | Edited 1:19pm
Wow I just came across this thread and I must say I'm very impressed with your results as a scalper, and I'm also "shocked" that you can scalp on GJ with Marketiva which I allways thought to be impossible due to the 8 pip spread lol.
Ever tried it on OANDA? They got 5.5pips spread on GJ most of the times, I'm trying to find a way to scalp myself but never thought that scalping GJ was consistently possible, thanks for the inspiration
Oh and Marketiva also has a limit of 200 trades per 7days which sucks for scalping, I remember I got about 4 emails from them warning about that lol
Ever tried it on OANDA? They got 5.5pips spread on GJ most of the times, I'm trying to find a way to scalp myself but never thought that scalping GJ was consistently possible, thanks for the inspiration
Oh and Marketiva also has a limit of 200 trades per 7days which sucks for scalping, I remember I got about 4 emails from them warning about that lol
- #2,677
- Oct 20, 2007 1:33pm Oct 20, 2007 1:33pm
- Joined Jun 2006 | Status: Trader | 2,512 Posts
hi steviet
i am very impressed by your pip earnings
have you shared your scalping technique my friend? i cant seem to find it anywhere. I would like to learn the way you trade. thank you
fer
It's still early days but a reasonable start to trading the shorter timeframes. The main thing I would attribute my success so far is that I'm taking things I've learned this past year on the longer term charts. I used to suck on the shorter t/f but with a lot of chart time behind me I've been much more successful.
I don't use any indicators to get into trades, just pure price action with support & resistance thrown in. It's difficult to share what I'm doing as a lot of it is gut instinct and often I'm in a trade less than 10 minutes.
Let's see how this goes over the next few months and if I can be consistently profitable then I really may be onto something.
Kind Regards
Steve
- #2,678
- Oct 20, 2007 1:44pm Oct 20, 2007 1:44pm
- Joined Jun 2006 | Status: Trader | 2,512 Posts
Wow I just came across this thread and I must say I'm very impressed with your results as a scalper, and I'm also "shocked" that you can scalp on GJ with Marketiva which I allways thought to be impossible due to the 8 pip spread lol.
Ever tried it on OANDA? They got 5.5pips spread on GJ most of the times, I'm trying to find a way to scalp myself but never thought that scalping GJ was consistently possible, thanks for the inspiration
Oh and Marketiva also has a limit of 200 trades per 7days which sucks for scalping, I remember I got about 4 emails from them warning about that lol
Well, maybe I like a challenge haha. Actually Marketiva is the only broker I've used although I have a demo with Oanda. 8 pip spread is high I know but GJ moves quickly enough for it to be not an issue that has really concerned me.
When I can increase my capital enough, I may well do just that and also open a live account with Oanda.
Yes, I'm aware of the limitations - I had a few emails too at the end of September. Their interpretation of a scalp is sub 5 minutes so I try and keep the really short trades to a minimum. As I work full time, I don't open as many trades as some scalpers - so far this month I've closed 113 trades which is well within their 200 every 7 days limit.
As I said in an earlier post, consistency is the key. I've had a very good month but I need to prove to myself that I can be profitable 10 out of 12 months.
Kind Regards
Steve
