Scalping 20+ trades per day

out gu 16 +9 pips

out l eu 18 +5pips per position, two addins total 10 pips

sh eu 15

out eu 11 +4 pips

total 171 pips

l eu 03

out eu 11 +8pips

total 179 pips for the day

It was a great day so far, I am square and I think I will close the day. +178 pips, not bad.

l eu 72

l eu 72

Could not stay out...

add l eu 42 av 57

out eu 63 +6 pips per position two addins total +12 pips.

DONE! Total today +190 pips. I took 24 trades today.

you are the freakin man dude,I love scalping to me it is the only way to trade...Keep pilin up those pips !!!!!!!!!!!!!!!!!!!!!!!!!!!

Thank you monikroc. Today was a day off for me and looking at the charts now I see that I lost a very nice day for trading. That is life.

See you all on Monday after London opening. Have a nice week-end.

This week result was: + 388 pips.

Can you post a chart or two of what your trigger is.

This is my last long eu trade. The one that went first against me then I averaged and closed +6. In fact was 5.9 as you may see on the chart.

Why I entered there? I posted 3 charts.

The first one is from Dukascopy jforex and it shows just the trade. I erased the references but you can see the entry, the merge and the average exit. Now returning to the reasons.

Look on the H1 chart. There is a yellow line because of the price behavior at the areas surrounded by the red circles. It is at 71. something.

Look on M5 ( I trade on M15 but check the entries on M5 and sometimes on M1). The price stalled before my entry exactly at that point, a bit lower. I thought that looks a good point to enter for a quick scalp. Before, went a bit below 71, then retraced, then went down again and I said that might hold and form like a double bottom. It did not, so I had to add.

My strategy there was if will go lower to add at the next yellow line. Look again on H1 chart. It was at 41. I added at 42 because my order was filled there.

I enter at support and resistance points, fibo, trend lines. I do not try to be right 100%. If I am wrong I add at the next support or resistance point. It is simple.

I hope it answers your question.

Hi majorusa,

thx for charts and explanation
good scalping, i like it
one question:
do you use a StopLoss, how many average positions do you take before taking a loss?

MJurban, If you red my first post, there I wrote that I do not have SL in terms of pips but in terms of % equity. But before this % being hit I will do a lot of things - partially hedge, close partially to add lower, etc.

Good morning.

sh eu 76

sh gu 04

out gu94 +10 pips

add eu 11 av 94