EURUSD, M5, 2011 February 21
Trade Example
Trade Example
Scalp, scalp, scalp 5,623 replies
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Simple Scalp Machine 182 replies
Has anybody ever lost a scalp... 12 replies
DislikedA really nice job Forexcube. I used to scalp quite successfully off pivots points but I'm too emotional and would give back all my gains being stubborn. By the way. The world's most successful individual trader is a scalper. Paul Rotter. Googe him.Ignored
DislikedForexcube... I'm sure you mentioned it somewhere and I might has missed it but what SL are you using? Thanks.Ignored
DislikedHi fxpreacher
The articles before take it at one's subject.
It's depend from my M1/M5/M15 analyse (Volatility, Momentum). Sometimes 5 but often I hedge the open position if they turn in the opposite direction and wait till it coming back.
Give me your feedback about your SL-Management, please.
Kindest regards
FXcubeIgnored
DislikedI trade the exact same way. I trade about 5 lots/trade and scale out the first ones around 10 PIPS and let the rest run. I've had a string of 4 months once where I tore it up but one day let 3 float and walked away without stops. You know how that finished. The lots are obviously smaller. 5 lots is often equal to 1%. If I were more disciplined and just took my medicine when I was wrong I would do fine. Unfortunately... I like to be right. Over confidence and stupidity.Ignored
DislikedHello Forexcube, good thread, very interesting info on scalping.
samIgnored
DislikedForexCube, how do you handle open trades over night? Do you hedge them?Ignored