Watch the rise (or fall) of a trader gone naked

Sell stop moved to 1.1921.

Stop Loss moved to 1.1978.

SL back to 1.2009.

Well my friend... the market is going up and down 300pips and you call it quiet. What kind of moves are you waiting for? 1000-2000?

No offense my friend, I'm a scalper. For me the market looks like tsunami!!!

Orders canceled.

You see... that's a nice ranging market you got there posted up.

And you are getting tested (at the moment) by the market if you gonna lose your cool. A little loss here and there.

"It was my sitting and waiting that made me the money." ... you know you said that?... Jesse Livermore.

It's like, you are walking the path of a successful trader. Something like, that simple quote was very vague to a newbie. There are so many vague sayings/quotes from successful traders in the past. It makes sense once you walk it and understand its true essence.

OK... I'll be honest, I was a victim of another simple quote: "The trend is your friend." It took me 3 years to fully grasp it. I mean, to understand it deeply, meaningfully and internalize its true essence.

btw... did you get the 4 attachments?

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@ Konstas
Yeah there are no ranging days for a scalper. This thread is a medium to long term investment.

Like CrucialPoint already pointed out, this thread is aimed towards medium to long term. I need the market to trend on the 1H, and it doesn't really matters how many pips it moves as long as it's trending in any direction. Ranging markets are no good for trend trading. But I understand that, if one is a scalper, this 1H ranging market presents trading opportunities on lower time frames.

Sell stop 1.1923. Stop loss 1.2072.

Sell stop moved to 1.1957 (higher low).

Sell stop still at 1.1957. Stop loss moved to 1.2063 (lower high).

Orders canceled.

If the market makes a lower high, I will place a sell stop order at 1.2045 (previous low) with a stop loss at that lower high. 1H it is.

beam

It's been a really busy day... Sorry for not posting when I started this trade. I entered long @ 1.22434 (market order) a couple of hours ago with an initial stop at 1.2144. I later moved it up to previous low at 1.2167 and now I moved the stop to break even at 1.2244. Either it will break above 1.23, or not... Not really my business. My business is to enter and exit, right CP?

Beam

Right on...

The market will decide what it will pay us.

It's a lovely 1-2-3 pattern at the moment... But that pattern can turn into a ranging market, it can turn into a double top, it can turn into a wedge or it can continue to become a perfect 1-2-3 pattern. And this is something a trader shouldn't even be worrying about. I'm just pointing it out, but it is something I don't even waste my time on.

Any way, you are sitting pretty at your break even stop loss . Compared to other traders stressing over levels, pivots, reversals, and technical analysis.

I wish this trade would bring in heap of profits for you. Only the market will decide to reward you from this point on of your trade.

I have to go and sleep now so I've moved the stop to 1.23.

I manually closed the trade at 1.2320. ~ 75 pips profit.

I took a long position @ 1.2321 a minute ago. Initial stop is @ 1.2254, previous low.

I closed the trade at 1.2316. -5 pips. It didn't develop the way I wanted it to.

Sell stop @ 1.2256. Initial stop loss @ 1.2336.

I'll catch it after next retracement.