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reliable trading system for GBP/JPY scalping

  • #41
  • Jun 10, 2008 12:16pm Jun 10, 2008 12:16pm
I don't know, i just found it funny
  • #42
  • Jun 10, 2008 12:46pm Jun 10, 2008 12:46pm
OK I'LL CHANGE IT..
I'm not an expert but I can read charts.
  • #43
  • Jun 10, 2008 12:53pm Jun 10, 2008 12:53pm
sorry it was not to offend you, anyway change it as you wish
  • #44
  • Jun 10, 2008 7:00pm Jun 10, 2008 7:00pm
Quoting forexgodess
hi thanks for replying..

no i have not visited it yet...

is their system same with mine??

a have additional modification made in my system..

now it's still working fine..

20% ++ gain in 2 days..

80% winning percentage!!!
80% winning percentage. Do you have trades which are losing still open with no stop losses?

Max
Gravity goes both ways in forex...
  • #45
  • Jun 11, 2008 4:39am Jun 11, 2008 4:39am
Yes very similar, lot many related ideas are presented there Take a look

http://www.forexfactory.com/showthread.php?t=70480

Quoting forexgodess
hi thanks for replying..

no i have not visited it yet...

is their system same with mine??

a have additional modification made in my system..

now it's still working fine..

20% ++ gain in 2 days..

80% winning percentage!!!
  • #46
  • Jun 11, 2008 9:04am Jun 11, 2008 9:04am
Quoting forexgodess
really?

but other said its not enough,

other have atleast 10 winning trades before suffering a loss,

so i ask for their help, but they wont share it..

others uses EA, (which i dont know what it is)..

others uses a lot of inidcators and charts..

that is why i decide to go here to ask for some tips from other traders who's ready to gie a helping hand,

regards to all...
This is ridiculous. Someone serious said you have to be correct 10 times before a loss to make it?

My advice is this: Take what you hear on this forum with a grain of salt.

Scalping is dangerous and certain not safe with GBP/JPY.

Read the James16 thread, it changed my trading. There are a few others, but stick with what sounds reasonable.


Good luck,
Clockwork
  • #47
  • Jun 11, 2008 9:34am Jun 11, 2008 9:34am
Do a search on LinuxTroll Simple Scalping...lots to read but it will point you in the right direction I added this method to what I currently do, after a LOT of screentime I have gotten to the point where I have a hit rate of 90+% and have not had a losing day in the last 6 weeks. To each their own, I know some will criticize it etc. who cares, I make money and it works for me and not for everyone.

-Richard
  • #48
  • Jun 12, 2008 12:14am Jun 12, 2008 12:14am
thaks my dear traders,

i hope i could have some more information ffrom you soon..

thanks for all those comments..

i have noticed that it not really good to place order with 5 pips tp and 100 pip sl, if ever i made 10 wins and suffer 1 loss, i'm down by 50 pips right?

so might check again my charts for any good comparisons..

thanks..
I'm not an expert but I can read charts.
  • #49
  • Jun 12, 2008 12:33am Jun 12, 2008 12:33am
Quoting forexgodess
i have noticed that it not really good to place order with 5 pips tp and 100 pip sl, if ever i made 10 wins and suffer 1 loss, i'm down by 50 pips right?
But look how great your win rate is
In trading, there is no bullshit. You either make money or you don't.
  • #50
  • Jun 12, 2008 3:27am Jun 12, 2008 3:27am
Quoting max pips
I am guessing this is a joke thread. Using a margin call as a stop loss means that unless you have a 100% succesful system (which does not exist!) you WILL fail.
Not necessarily. I wouldn't recommend it, but it can be done.
  • #51
  • Oct 26, 2014 11:01am Oct 26, 2014 11:01am
Quoting forexgodess
hi i tried it first in a demo account, i opened a 5kusd demo, fxcm, after 2 weeks of trading i made it at 27, 899.00 K usd.. sudden reversal this week ate up all my earnings.. i made a 100% trading for 2 weeks.. all was gone by this week's dip..
  • #52
  • Nov 3, 2014 8:02am Nov 3, 2014 8:02am
Isn't scalping an exhausting process?
  • #53
  • Dec 27, 2014 1:05pm Dec 27, 2014 1:05pm
Scalping is only a.little cut of the whole trend . I haven t seen many people who gets all the trend traded.
Even the best traders get triggered out before the trend is finnished.
Very promising , specially for GY is the trading made simple thread.

p>
Quoting Millmanz
Isn't scalping an exhausting process?
</p>
  • #54
  • Nov 17, 2020 12:51pm Nov 17, 2020 12:51pm
Scalping is not an easy thing. Don't try this without proper knowledge.
  • #55
  • Nov 20, 2020 12:46pm Nov 20, 2020 12:46pm
Scalping is a risky method. If you want to use it, you have to gather all kinds of information and knowledge about this.
  • #56
  • Nov 21, 2020 3:16am Nov 21, 2020 3:16am
Great thread.Looks like every 6 years will get some good input. Patience is a virtue,specially in forex
Whether you think you can, or you think you can't,you're right. H.F.
  • #57
  • Last Post: Nov 21, 2020 4:45am Nov 21, 2020 4:45am
Without skills consistent profit is not possible. Most traders forget this simple thing. They run for strategy without making themselves knowledgeable.
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