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Scalping is the doorway to real trading

  • #41
  • Apr 30, 2006 1:15pm Apr 30, 2006 1:15pm
well, you are in luck it is in this thread about ten posts back, someone tracked it down yesterday or so... Scott

It was post 31... It's beautiful isn't it?


Quoting bernadette
Ooopppsss...I didn't even look at the date of the thread. (feel kinda dumb...)

Does that mean that I cannot get ahold of that really nice looking chart template anywhere??
  • #42
  • Apr 30, 2006 2:40pm Apr 30, 2006 2:40pm
Quoting smjones
well, you are in luck it is in this thread about ten posts back, someone tracked it down yesterday or so... Scott

It was post 31... It's beautiful isn't it?

Whoohooo...thanks. Got it!
  • #43
  • Jan 26, 2008 11:54pm Jan 26, 2008 11:54pm
Rainbow road mario kart

Quoting linuxtroll
If you read carefully... Gyva is talking about long term position approach (not scalping)... 8 pips is nothing compared to 150 pips you may get per day...

http://img498.imageshack.us/img498/2...nbowsig7ds.png
  • #44
  • Jan 27, 2008 1:23am Jan 27, 2008 1:23am
Quoting inthenightsk
Rainbow road mario kart
OMG talk about memories!!! - I'd totally forgotten.

Just that melody... ta, ta, ta, da dum dum ta da da dum.. la la la la la la la lol

I've bled my eyes out for the gold cup on rainbow road loool

Thanx for reminding me.

Regards,
E. Lang
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #45
  • Apr 19, 2008 4:26pm Apr 19, 2008 4:26pm
you lose if you don't know what you're doing..
scalping is not a losing game!
come on..
Fuck Forex Factory
  • #46
  • Aug 15, 2008 1:50am Aug 15, 2008 1:50am
I recommend you scalp only the eur/usd because the cost of trading it is lower. And it is not a volatile pair
  • #47
  • Aug 15, 2008 9:21am Aug 15, 2008 9:21am
Quoting Tomnext
You lot are so lost with scalping its unreal, i'll give you an example:


I bought GBP/JPY at 193.42, took it all the way to 210.75, then bought it back at 207.33, i'm doing 792 pips a year on the tomnext, whats my new average on trade? 193.42 - 342 = 1.90

Only muppets scalp!!
u must be an overpatient trader, leaving those trades run for long, i mean months. well i also trade long term trends targetting 100-300pips. but at times i scalp when i see the market is ranging.
know thy edge and abide by it ! 4 in it shall thou be successful !
  • #48
  • Aug 16, 2008 11:38am Aug 16, 2008 11:38am
lol brought back from the dead! I love it when people say scalping doesn't work and is not profitable lol you can hand me your paycheck from your 9 to 5 job now
  • #49
  • Aug 19, 2008 1:42pm Aug 19, 2008 1:42pm
I don't understand how brokers lose out when people scalp in forex. They make the difference on bid and ask, right? As long as there is a spread they make money. Isn't there a spread no matter how fast people can trade?



LONG LIVE THE SCALPER - Caesar of Forex
  • #50
  • Aug 28, 2008 12:04pm Aug 28, 2008 12:04pm
There's no doubt about it. I'm using a rainbow setup on 1 sec. charts. Check out my blog at http://shaolinscalper.blogspot.com I trade every day between Frankfurt and London open and post analysis + charts + extra fun stuff. Feel free to post comments, ask questions.
  • #51
  • Sep 2, 2008 3:38pm Sep 2, 2008 3:38pm
Quoting kpt1956
I don't understand how brokers lose out when people scalp in forex. They make the difference on bid and ask, right? As long as there is a spread they make money. Isn't there a spread no matter how fast people can trade?



LONG LIVE THE SCALPER - Caesar of Forex

Normally its ok to scalp with any broker, but what non ECN brokers don't like is a quick market (a spike) movement that everyone jumps onto for the ride. This is because the market moves so fast, they can't cover themselves with opposit positions, therefore leaving them open to big losses.

Don't forget that yes, they make their money on a "spread" , but they almost always are either matching your position against another trader or they hedge their bets by trading against you. That why some people fear stop losses because in theory (and practice so I've read) an dishonest broker could put a little spike in the market just to hit your SL and therefore make money with no risk at all.

I was very disheartened when I first found out about these practices, but now I understand what to look for and how to pick a good broker. As for scalping, it depends on the platform you use and/or how fast the market is moveing. If you use MT4, sometimes you will notice the interface freeze up. Well, other than normal internet connection issues, thats what they are doing, preventing people from jumping on the band wagon.

Hope this helps.
  • #52
  • Sep 7, 2015 2:10pm Sep 7, 2015 2:10pm
Quoting Raghu
{quote} Normally its ok to scalp with any broker, but what non ECN brokers don't like is a quick market (a spike) movement that everyone jumps onto for the ride. This is because the market moves so fast, they can't cover themselves with opposit positions, therefore leaving them open to big losses. Don't forget that yes, they make their money on a "spread" , but they almost always are either matching your position against another trader or they hedge their bets by trading against you. That why some people fear stop losses because in theory (and...
If I could simply add something to what you typed. Many people claim that the broker adds "spikes" to stop hunt their orders. Yet, most if not all of those traders allow their positions to run for minus 300-500 pips, and the broker at most can control the ask price, but they can't move spreads (under normal conditions) 300-500 pips for you to stop out. Traders like to deflect and blame everyone and everything but themselves for the reason as to why they lose.
People talk about the broker "taking trades" against them, etc.... But if you were a broker wouldn't you do the same thing being that 95% of the traders fail? If a broker does it, the reality is you as trader allow the brokers to even do so, and the price go against you has nothing to do with the broker, but with what you believe the market will do.
To be or not to be; a loser. That's the question.
  • #53
  • Sep 7, 2015 8:37pm Sep 7, 2015 8:37pm
Quoting ClaroPty
If I could simply add something to what you typed.
you do understand that you are talking to somebody who has not been on the forum for almost 7 years, right?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #54
  • Last Post: Sep 7, 2015 9:41pm Sep 7, 2015 9:41pm
Scalping is not doorway, its just another style of trading. You just have to find what suits you best. Scalping is of course not for everyone, it requires a lot of time on screen, fast internet connection and discipline. I know someone who scalp futures indexes and has been a successful trader for last 6 years. He trades with half a million dollar account.
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