100 to 1000$ in a day regularly Target

sold gbpjpy from 144.54 1 mini lot sl 145.00 tp 143.85

Dont worry i wont disappear I was becoming ultra agresive every time equity excceded 1k i mssed few days will resume 10 k target in few days after making few 1ks from 100

Glad to see you are still giving it a go.

sl was removed still holding gj short

added 100 usd more equity now 122 GJ was margined out

sold gbpusd 1.6674 1 mini lo

added another gbpusd short from 1.6686 1 mini lot

closed one cable short for 2 usd gain

You really enjoy fighting the short term trend when trading a short term timeframe. I am noticing since around the 27th November that we are creating H/Hs and H/Ls. Do you look at things like this. GBP has also been tough to read because it really has been stuck in this area for so long now.

Just trying to offer you some thoughts. I know that had you taken the opposite side of some of these trades then you equity would be much better right now. Also I ask before whether you are entering the market or setting entry points.

Razor

i am expecting big tankage in GBP its far far over valued .

I agree that scalping is riskier as a trading theory than holding positions from daily and weekly charts. however, I respectfully disaggree that scalping does not lend itself to long term success and the growth of ones base equity.

What scalping does open the trader up for is 1) over-confidence once several winning trades have been booked and once the traders mental guard is let down because of this O/C, one or two losses can cause heavy damage to ones equity.

2) Not taking profits off the table quickly enough. "no ones ever gone broke from taking profit" is what I've read several times. It is very hard for a French chef to decide that today he will compete in a BBQ competition and win. What I mean to say is that it is hard to scalp trade and not have the long term trader's mindset creep in and bam your profit is gone because you planned a scalp and managed it like a swing trade or LT trade. If scalpers remember what scalpers do and only take what the market gives them in any given trade, long term success can be obtained.

3) Maybe the hardest to hold onto day in and day out but still attainable is the discipline and patience. Scalpers must realize and admit when thier wrong and cut and run quickly. Patience because scalping does not mean your entering the market like a pirate trying to snatch and grab. A tested method that fits a short term trader must be employed each time.

I'm not saying it's a easy way to trade or even for everyone, I'm just saying that it the trader has the right tools it can be done well and profit and risk can be managed.

Good luck to us all.

"I'm not a bull, I'm not a bear, I'm Aox

This is undoubtedly the most aggresive thread run at FF run by a talented aggresive trader.

You are doing great..you just need a system not to loose after equity is 1 K.

I was thinking, "Pull a couple hundred bucks out as the account reaches 1000."

Then as strong winning trades do develop, take maybe 20% of the winning proceeds along the way.

Just my little 2 pips worth. It certainly is inspiring !!

shorted gj 146.50 mini lot

Nice call what was your reasoning behind it?

While that may be the case you are still fighting against a trend instead of using it to your advantage. Expecting things to happen because of the notion that you believe it is overvalued will wipe you out. Trade the market the way it is and take the greater opportunity.

I can understand what you are doing, and in the event that the market as a whole confirms your belief then you will make substantial gains but for me following what you are doing you must have had this mindset for some time because you have shorted the pound more times than long and in the process cleared the gains you made.

I love your determination and hope to see that reversal kick in for you.

Razor

shorted audusd 0.9284 1 mini lot

closed au short at o.9229 for 55 pips gain 55 usd profit

gbpjpy short 145.92 1 mini lot holding previous as well

gj short from 145.92 was closed30 pips loss holding gj short from 146.50 & gu short from 1.6674