I call it the "Purple Penetrator" If you get in the purple-you get paid.
My wife calls it something else-
My wife calls it something else-
Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies
Indicators and Rules for Simple Method of Scalping GBP/Jpy on 5 min chart 18 replies
1M & 5M Scalping System (Scalping Paradise) 21 replies
Simple Scalping System 64 replies
xPip Simple Scalping 27 replies
DislikedWhat are the ECN companies everyone's using here? I demoed EFX before, hard to use, ugly platform. Spread was around 1pip most of the time. Not much advantage from Oanda.Ignored
DislikedDon't forget the commision that is added on top of the spread.......Ignored
DislikedThe main premises of scalping are:
* Lessened exposure limits risk - A brief exposure to the market diminishes the probability of running into an adverse event.
* Smaller moves are easier to obtain - A bigger imbalance of supply and demand is needed to warrant bigger price changes. It is easier for a currency pair to make a $1 move than it is to make a $10 move.
* Smaller moves are more frequent than larger ones - Even during relatively quiet markets there are many small movements that a scalper can exploit.
Scalping can be adopted as a primary or supplementary style of trading...Ignored
DislikedAfter a couple of hours... Count the pips... LoL
http://img353.imageshack.us/img353/4...sdscalpqy2.pngIgnored
DislikedLinuxtroll,
The part I am still trying to get down is the entry.
Looking at the charts after the fact, it appears all to obvious, but at the time, it is less obvious.
When I look at this chart, it is like, duh!
But to be able to trade it at the time is different.Ignored