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Scalping 20+ trades per day

  • #41
  • Sep 8, 2011 5:51am Sep 8, 2011 5:51am
hi
you said that you don't use SL
and what if the price go againts you? for example, if you're long and the price go down to -100 pips for example?
what do you do?
  • #42
  • Sep 8, 2011 6:07am Sep 8, 2011 6:07am
I add to the position.
If you're not part of the solution then you're part of the problem.
  • #43
  • Sep 8, 2011 6:50am Sep 8, 2011 6:50am
add ej 39 11.49

av61
If you're not part of the solution then you're part of the problem.
  • #44
  • Sep 8, 2011 6:51am Sep 8, 2011 6:51am
add eu 35 11.51

av 54
If you're not part of the solution then you're part of the problem.
  • #45
  • Sep 8, 2011 7:36am Sep 8, 2011 7:36am
add EU 10 12.35

av 43

News good for dollar. It happens.

Another add EU 88

av 32
If you're not part of the solution then you're part of the problem.
  • #46
  • Sep 8, 2011 7:39am Sep 8, 2011 7:39am
add EJ 19 12.38

av 53
If you're not part of the solution then you're part of the problem.
  • #47
  • Sep 8, 2011 7:46am Sep 8, 2011 7:46am
L GU 08 12.45
If you're not part of the solution then you're part of the problem.
  • #48
  • Sep 8, 2011 8:00am Sep 8, 2011 8:00am
I was busy adding so my averages are now:

EU av 13 7x initial entry
EJ av 30 9x initial entry
If you're not part of the solution then you're part of the problem.
  • #49
  • Sep 8, 2011 8:11am Sep 8, 2011 8:11am
out GU 16 +8 pips 13.12
If you're not part of the solution then you're part of the problem.
  • #50
  • Sep 8, 2011 9:06am Sep 8, 2011 9:06am
I have to go now. I added eu so now I have av 09. I placed TP at 15 and 37 and will monitor the positions on my cell phone.
If you're not part of the solution then you're part of the problem.
  • #51
  • Sep 8, 2011 12:18pm Sep 8, 2011 12:18pm
I was greedy. I changed the TP for EU to 20 and EY to 40. Obviously not met. I could have manually close the positions at +4 for eu and +6 for ej. But got greedy and now I am still into position.

Added again.

EU av 85 13x initial entry
EY av 18 12x initial entry

As a note, I am in my MM rules.
If you're not part of the solution then you're part of the problem.
  • #52
  • Sep 9, 2011 6:19am Sep 9, 2011 6:19am
Did not got the time to trade consistently today due to other engagements but added to the positions. Current situation:

EU av 3935 - 19x initial entry
EJ av 108.03 - 17x initial entry
If you're not part of the solution then you're part of the problem.
  • #53
  • Sep 9, 2011 10:31am Sep 9, 2011 10:31am
Man what a day! Blow after blow for the EUR.
If you're not part of the solution then you're part of the problem.
  • #54
  • Sep 9, 2011 6:01pm Sep 9, 2011 6:01pm
Yes, pretty relentless decline past 2 days to finish up what I felt was a pretty strange week overall....

All my best,
MK
  • #55
  • Sep 12, 2011 4:52am Sep 12, 2011 4:52am
A new week and still holding to the positions. Since the price is a bit far to my average I am trading only EU ang EJ now.

Av now is:

EU 3828
EJ 107.04

I am very close to the point where my monetary SL will reduce my positions. But the prospects on D1 are good I hope for a retracement to fibo 38 or to the weekly pivot on EU. We will see...
If you're not part of the solution then you're part of the problem.
  • #56
  • Sep 14, 2011 1:25pm Sep 14, 2011 1:25pm
Due to personal reasons I was not able to post but now my av are like this:

EU av 1.3801
EY av 106.75
If you're not part of the solution then you're part of the problem.
  • #57
  • Sep 15, 2011 5:05am Sep 15, 2011 5:05am
I am out EU +9 pips at 1.3809 fort the whole 40 add ins.

This leads me to a profit of 360 pips. It was extreme because of magnitude of the down movement and also due to the fact that I could not trade two days.

On the ej I am still 100 pips away BE but with the EU out of the way I can concentrate on getting out of this trade.
If you're not part of the solution then you're part of the problem.
  • #58
  • Edited 8:12am Sep 15, 2011 5:31am | Edited 8:12am
Reduced position on EJ with 16 addings for a gain of 25 pips for the whole lot.

I let myself room to add.

av 107.47

PS: in retrospective was a bad decision. I could have been out this trade by now.
If you're not part of the solution then you're part of the problem.
  • #59
  • Sep 21, 2011 4:40am Sep 21, 2011 4:40am
Today trades + 128 pips so far. On the amount you have the number of adding. 0.5 means I cut the position in half.

SideInstrumentAmountOpen PriceClose PricePips Total pips
SHORTEUR/USD-21.3700251.36567443.51 87.02
SHORTGBP/USD-0.51.57281.5684843.2 21.6
SHORTGBP/USD-0.51.57281.571117 8.5
LONG GBP/USD 11.563721.5648311.1 11.1

Still holding the long ej. Average now is 106.75.

I have opened a short EU 78 and sh GU 50
If you're not part of the solution then you're part of the problem.
  • #60
  • Sep 21, 2011 5:51am Sep 21, 2011 5:51am
Out EU @ 61 +16 pips 10.50 GMT
If you're not part of the solution then you're part of the problem.
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