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  • #487,181
  • Jul 12, 2011 1:59pm Jul 12, 2011 1:59pm
Quoting Venice
Aye, allow me to rephrase that.

Skilled Scalpers who properly manage their risk will pull in more pips then a daily chart trader.

But, I make more than enough to keep me content on the daily. Don't know why people chase price around all day long
Ok we agree now...lol.

Yeap that endangered specie of traders can still do that but they are dying faster than ever with all the HFT and algos around...


sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #487,182
  • Jul 12, 2011 2:00pm Jul 12, 2011 2:00pm
Quoting cloggie
Simples. Anyone who did not make at least 40-50 pips here should really reconsider trading and go google your local truck driving school phone number instead.
I would prefer getting a Taxi license
Or drive rich people as private chauffeur!
  • #487,183
  • Jul 12, 2011 2:00pm Jul 12, 2011 2:00pm
Ladies can't drive here in Saudi Arabia

Quoting cloggie
Simples. Anyone who did not make at least 40-50 pips here should really reconsider trading and go google your local truck driving school phone number instead.
  • #487,184
  • Jul 12, 2011 2:00pm Jul 12, 2011 2:00pm
Quoting bradu
moved sl=be after 1pip proffit ?
I have already hit 1% in profit (my min daily goal) after that I put BE on all other trades
  • #487,185
  • Jul 12, 2011 2:00pm Jul 12, 2011 2:00pm
Quoting cloggie
Simples. Anyone who did not make at least 40-50 pips here should really reconsider trading and go google your local truck driving school phone number instead.
I gave them a 70 pips run. However I would not blame anybody for not taking it unless their system said so. This game is all about trust and if one doesn't have faith in themselves it's even harder to have it in somebody else's analysis. Anyway, what was I saying?... LOL.
  • #487,186
  • Jul 12, 2011 2:00pm Jul 12, 2011 2:00pm
Thanks cloggie! I followed it from 3978...I actaually was looking at 57....so I went with 40 and ......then I forgot I had a pending SELL at 50 so I am in now at looking for a drop...at least to 4004....near gators number.....

I have 4187 which is what RAZA calls out too as a BIG R area....so I may close this short out if it goes to far past 57....

Good call to Kambooj! And where is that egkid!
  • #487,187
  • Jul 12, 2011 2:01pm Jul 12, 2011 2:01pm
Quoting Venice
Aye, allow me to rephrase that.

Skilled Scalpers [******]who properly manage their risk will pull in more pips then a daily chart trader.

You may want to add, [who don't use a retail broker........ or MT4]
  • #487,188
  • Jul 12, 2011 2:03pm Jul 12, 2011 2:03pm
Quoting IMARICH1
Thanks cloggie! I followed it from 3978...I actaually was looking at 57....so I went with 40 and .....

Having a bit of craig on the thread, paying attention and making money to boot, well done.

not many shorts about just yet kiddo, unless you are scalping for peanuts.
  • #487,189
  • Jul 12, 2011 2:03pm Jul 12, 2011 2:03pm
Quoting IMARICH1
Thanks cloggie! I followed it from 3978...I actaually was looking at 57....so I went with 40 and ......then I forgot I had a pending SELL at 50 so I am in now at looking for a drop...at least to 4004....near gators number.....

I have 4187 which is what RAZA calls out too as a BIG R area....so I may close this short out if it goes to far past 57....

Good call to Kambooj! And where is that egkid!
We have a rising wedge on the 5min....Im not gonna trade tilll it breaks either way
  • #487,190
  • Jul 12, 2011 2:04pm Jul 12, 2011 2:04pm
Quoting cloggie
You may want to add, [who don't use a retail broker........ or MT4]
What if it's an ECN broker on MT4?
Trends, breakouts, price action.
  • #487,191
  • Jul 12, 2011 2:05pm Jul 12, 2011 2:05pm
Quoting Stretch
I would prefer getting a Taxi license
Or drive rich people as private chauffeur!
I did both of these. Cash was good while a fresh immigrant. I drove very rich people, you could tell by the houses they were going in and out of. Funny part is the rich were the best customers. Very nice people, good tippers etc. The a$$holes were the middle managers that thought there were the $hit. You learn a lot about people by driving them around. I was laughing when pulling in front of a really nice house, got inside to grab the bags, and the living room was damn empty of any furniture, the lights and heat were off to save on the utilities bills. I was just treating these like dirt.... LOL.
  • #487,192
  • Jul 12, 2011 2:05pm Jul 12, 2011 2:05pm
Quoting needpips
We have a rising wedge on the 5min....Im not gonna trade tilll it breaks either way
That's what she said?!?
  • #487,193
  • Jul 12, 2011 2:05pm Jul 12, 2011 2:05pm
Quoting cloggie
Simples. Anyone who did not make at least 40-50 pips here should really reconsider trading and go google your local truck driving school phone number instead.
Attached Image
  • #487,194
  • Jul 12, 2011 2:06pm Jul 12, 2011 2:06pm
Quoting aizazk
What if it's an ECN broker on MT4?

Unless you pull out 200-300 pips a day as a scalper you are not going to beat a proper intraday trader, every trade you are 5-6 pips in the hole, ECN or not, MT4 is just a massive obstacle to success in this business, it looks good, the charts are pretty, but slippage and latency is just horendous.

IF you are a scalper and you have 50+ trades a day then you are behind the curve for at least 200-250 pips before you even break even. Let's not even begin to talk about all the games the broker can play with you to put you another 50-100 pips behind the ball.
  • #487,195
  • Jul 12, 2011 2:08pm Jul 12, 2011 2:08pm
Quoting Venice
That's what she said?!?
my wife asked Y I was laughing.....rising wedge.....HA
  • #487,196
  • Jul 12, 2011 2:09pm Jul 12, 2011 2:09pm
Quoting cloggie
Unless you pull out 200-300 pips a day as a scalper you are not going to beat a proper intraday trader, every trade you are 5-6 pips in the hole, ECN or not, MT4 is just a massive obstacle to success in this business, it looks good, the charts are pretty, but slippage and latency is just horendous.
Hmm what's your say on brokers offering FX level 2? Since there's no proper ECN in this industry anyway. Do you think it's useful? I tried a demo before, it does seem to show short term sentiment and imbalances most of the time at crucial points.
Trends, breakouts, price action.
  • #487,197
  • Jul 12, 2011 2:10pm Jul 12, 2011 2:10pm
http://www.zerohedge.com/article/fed...riate#comments
  • #487,198
  • Jul 12, 2011 2:10pm Jul 12, 2011 2:10pm
Quoting aizazk
Hmm what's your say on brokers offering FX level 2? Since there's no proper ECN in this industry anyway. Do you think it's useful? I tried a demo before, it does seem to show short term sentiment and imbalances most of the time at crucial points.

It just tells you the (limit) orders from the other retail muppets, is that really something you want to look at??????
  • #487,199
  • Jul 12, 2011 2:10pm Jul 12, 2011 2:10pm
Quoting cloggie
Unless you pull out 200-300 pips a day as a scalper you are not going to beat a proper intraday trader, ECN or not, MT4 is just a massive obstacle to success in this business, it looks good, the charts are pretty, but slippage and latency is just horendous.
Yep... I must say, I have been really happy with my Broker (Alpari) and I do run through MT4 with them, but the issues listed above are moot on the bigger time frames. I'll be looking into their "Alpari Direct Pro" service when it is necessary. I figure I have a few years out before that comes around though.
  • #487,200
  • Jul 12, 2011 2:12pm Jul 12, 2011 2:12pm
Quoting Venice
Yep... I must say, I have been really happy with my Broker (Alpari) and I do run through MT4 with them, but the issues listed above are moot on the bigger time frames. I'll be looking into their "Alpari Direct Pro" service when it is necessary. I figure I have a few years out before that comes around though.

AIming for the 40-60+ pip runners makes it a bit easier for the average retailer, you need to try to stack the odds in your favour and scalping as a retailer is just madness in the retail brokerage environment against the HFT's
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