Quoting linuxtrollDislikedNo... You can only use M1... but most of the MMs I tested with MT4 - M1 chart comes with a lot of errors... M5 is the minimum usable chart... and requotes... Too bad...Ignored
Happy holidays!
- #104
- Dec 24, 2006 2:25pm Dec 24, 2006 2:25pm
- | Commercial User | Joined Mar 2004 | 1,255 Posts
Thought this may help clear up the definition of scalping.
Scalping
A trading strategy that attempts to make many profits on small price changes. Traders who implement this strategy will place anywhere from 10 to a couple hundred trades in a single day in the belief that small moves in stock price are easier to catch than large ones.
* 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 stock to make a 10 cent move than it is to make a $1 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...
Also read this...
Hanz: That's what everyone in all the forums have asked me. Has ever
anyone on these forums ever told you not to trade the markets? Of course
not. Did anyone ever tell you that more traders have lost their homes,
their marriages, their friends, all their money....and even murdered because
in trading the market? Yeah....maybe a hint, here and there. I made mine
in commodities....A MILLION?...no...but enough to be finanically independ-
ent. Yes...it's nice to have it. But was it worth it? NO. You don't know
who I am...you haven't the slightest idea what I've done in my 83 years
on this earth, but if you did you might be really surprised. But I will tell
you this....MONEY is not the solution. In fact, once you get it...you'll
find it harder to live with yourself than before. Just what have you
really accomplished by trading? There is a difference between Bill Gates
and Warren Buffet. One took a product and developed it...and now
you and I are debating a question via this product....a product that
changed the whole world. The other guy...Buffet....lost about 2 million
dollars trading the currencies and lost. But it didn't faze him one bit.
But his trading had no affect on our lives. Why am I here on this forum?
I've asked the same question myself. Why in the hell should I try to help
you or anyone else? Even waste my time? I'll tell you why....because you
and everyone else haven't the slightest idea the ordeal you'll have to
contend with. Especially when you have only a couple hundred dollars
or even a couple thousand. Where you will make a mistake and get wiped
out completely. Where you see your wife take a product off the shelf...
then put it back because she is trying to save 4 cents....and you just
lost thousands. That's just a sample. Oh, sure....there'll be those out
there who will make a remark to the above example to justify their own
attempt. As if, by their ridicule, it will enhance their own justification and
as if that will make their own reason just that more real. But...it won't
change the odds. They will still lose...and pay more than just money.
O.K.......but you still want to try it. AND WHY NOT? "I hate my damn
job....putting up with my boss for eight hours a day. See no future in this
f------ job". And there is a chance in the forex market. Remember, I
mentioned the "stock and commodity" market. There is a huge difference
between commodities and the forex market. There is a hell of a difference
between the forex and the other markets. I disagree with Joe Ross and
his vibrations against the currency market, even though I carried his
message on a number of forums. I started to trade the same time as Joe
Ross back in the late 1950's. He knows more about trading than I'll ever
know...but I don't think he knows that much about the forex. All the
gurus out there are talking about trading with money. Something like
$10,000...$25000. Guys like Joe Ross have around 50 thousand to a
hundred thousand in their coffers. But you have only a couple hundred
dollars and you had to work your ass off to get that. You don't even have
a pea shooter and you're going to try fighting someone with a tank? O.K...
so you may have a heavy duty rifle, and you're out hunting in rhino
country. The rhinoceros comes charging at you....you left up this heavy
rifle and hit right smack in the middle of his forehead. And he is still coming
at you. Now....WHO IS IN TROUBLE? There is a way to do it in the forex.
You can get into the forex market by going with the micro account...but
first going via the demo. I explained it above. With the micro....you're
playing with a dime gain or loss. But at least you're not betting your
wife or kid on making a fortune. The rest????......you should know the
rest. If you don't...then leave and don't come back. It wouldn't hurt
to "pray to God". To pray for the money? No....pray to him to help you
beat this "greed"...this "fear"...within you when you start to trade. Pray
to him to find happiness.....not MONEY. Believe me....I'm telling you
something that someone who has been down that road. Your greatest
salvation is in God...no matter what your faith. I'm old....and I probably
don't have that long of a time left. But when they pronounce me dead...
I WANT A SECOND OPINION. The first one may have gotten his Medical
degree via a correspondance course.
- #109
- Dec 25, 2006 2:06am Dec 25, 2006 2:06am
- | Commercial User | Joined Mar 2004 | 1,255 Posts
yup there's a truth over here...i lost my girlfriend to another guy because of forex
- #114
- Edited 8:30pm Dec 25, 2006 8:15pm | Edited 8:30pm
- | Membership Revoked | Joined Dec 2005 | 2,298 Posts
How can a scalper sell signals - kingforexsignals.com???
And for only $999.00 a month, or $4999.00 a year you can get his signals....WHAT A F>>>>>>> DEAL
I just can't believe there are people gullible enough to fall for this crap.....
Same Whore .... Different Dress
- #115
- Dec 25, 2006 8:43pm Dec 25, 2006 8:43pm
- | Commercial User | Joined Mar 2004 | 1,255 Posts
And for only $999.00 a month, or $4999.00 a year you can get his signals....WHAT A F>>>>>>> DEAL
I just can't believe there are people gullible enough to fall for this crap.....
yup there's a truth over here...i lost my girlfriend to another guy because of forex
market is nothing. It will take a long time for your heart to get over the
pain...for your heart to heal, maybe never. But you can look at it from
a different perspective. That's life. So the market better compensate
you for being mugged by cupid and leaving you with "tears" doing a
soft shoe dance...or maybe even string them into pearls...or dangle them
on the next "christmas tree". What is there in this world to assuage a
man's grief?
He has an interbank feed and trades off order flows. He is up over 1600 pips this month. Keep in mind though, you would be lucky to capture a little more than half of that with his signals because you might pay a higher spread and commision than what he typically pays. Plus he lives in the UK, so he trades the UK and US session. It would be hard to take every single trade he takes. Sometimes he takes over ten trades a day. So if you consider that to be a scalper then maybe he is to you. He trades in an online omnovia room with you and he doesnt consider himself a scapler.
I will tell you why he sells his signals. Forex can be a very boring and lonely business. Its actually quit fun trading live with a group of people. So why not make money selling your signals and socializing at the same time?
I would assume a broker with tied spreads on the GBP would be required...MB perhaps?