all this scalping reminds me of a great song i listen to earlier today
http://www.youtube.com/watch?v=f1tbTnQk7DQ
Hero calls followed by margin calls...
- #379,602
- Feb 4, 2011 4:44am Feb 4, 2011 4:44am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
You are right, too tight SL is a bad idea. But the market has been ranging between 3640 and 3620, so I thought 6 pips might work. But I entered too early or too late.
dont enter in between.
Hero calls followed by margin calls...
- #379,604
- Feb 4, 2011 4:45am Feb 4, 2011 4:45am
- Joined May 2009 | Status: Re-member | 6,497 Posts
I lack patience and most times I end up trading on the middle with stops on both sides. No more trades without proper setup.
What realjumper said there should be read twice,
there isnt any point of trading too much, if you put on a 2% reward trade everyday you will see some crazy results over time...
And also if you are trading with many setups everyday you are just trying to loose, try to win instead. As warren buffet said, pretend you only have 20 stocks you can buy in youre lifetime, what would you bought?
One thing is for sure you wouldnt bought crap... Aleast you would care more for your stock, treat it with the dignity it deserves or it will fcuk you over... and thats a promise...
- #379,606
- Feb 4, 2011 4:46am Feb 4, 2011 4:46am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
interesting m15 bar on cable now.
closed below support again.
close to the pip.
closed below support again.
close to the pip.
Hero calls followed by margin calls...
- #379,607
- Feb 4, 2011 4:47am Feb 4, 2011 4:47am
IMO, patience is a HUGE part of successful fx trading. It might take all day for the setup to materialise......it might come 2 or 3 times in a day....it might not come for the whole day. You can only trade tomorrow if you survive today!
- #379,608
- Feb 4, 2011 4:47am Feb 4, 2011 4:47am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Hero calls followed by margin calls...
- #379,609
- Feb 4, 2011 4:47am Feb 4, 2011 4:47am
- Joined May 2010 | Status: Khizer | 1,387 Posts
What a range trading guys... 
Hope you all earn lot during range trading 
I missed That
But hope today i will go with lot of pips like yesturday...
Hope you all earn lot during range trading
I missed That
But hope today i will go with lot of pips like yesturday...
Trade what you see, Not what you think.
- #379,610
- Feb 4, 2011 4:48am Feb 4, 2011 4:48am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
IMO, patience is a HUGE part of successful fx trading. It might take all day for the setup to materialise......it might come 2 or 3 times in a day....it might not come for the whole day. You can only trade tomorrow if you survive today!
Hero calls followed by margin calls...
- #379,612
- Feb 4, 2011 4:50am Feb 4, 2011 4:50am
- | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
all this scalping reminds me of a great song i listen to earlier today
http://www.youtube.com/watch?v=f1tbTnQk7DQ
Apparently Rob Gallagher wrote them.
- #379,615
- Feb 4, 2011 4:51am Feb 4, 2011 4:51am
- | Joined Aug 2010 | Status: Trader | 1,133 Posts
long term target is 4281
- #379,616
- Feb 4, 2011 4:51am Feb 4, 2011 4:51am
- Joined May 2010 | Status: Khizer | 1,387 Posts
Well Said...
IMO, patience is a HUGE part of successful fx trading. It might take all day for the setup to materialise......it might come 2 or 3 times in a day....it might not come for the whole day. You can only trade tomorrow if you survive today!
Trade what you see, Not what you think.
- #379,617
- Feb 4, 2011 4:52am Feb 4, 2011 4:52am
- Joined May 2010 | Status: Khizer | 1,387 Posts
I have 29...
i have 2281
Trade what you see, Not what you think.
- #379,618
- Feb 4, 2011 4:54am Feb 4, 2011 4:54am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Hero calls followed by margin calls...
- #379,619
- Feb 4, 2011 4:54am Feb 4, 2011 4:54am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Hero calls followed by margin calls...
- #379,620
- Feb 4, 2011 4:54am Feb 4, 2011 4:54am
- Joined May 2010 | Status: Khizer | 1,387 Posts
Trade what you see, Not what you think.