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Scalping 20+ trades per day

  • #121
  • Oct 6, 2011 4:23am Oct 6, 2011 4:23am
out gu 16 +9 pips
If you're not part of the solution then you're part of the problem.
  • #122
  • Oct 6, 2011 4:30am Oct 6, 2011 4:30am
out l eu 18 +5pips per position, two addins total 10 pips

sh eu 15
If you're not part of the solution then you're part of the problem.
  • #123
  • Oct 6, 2011 4:33am Oct 6, 2011 4:33am
out eu 11 +4 pips

total 171 pips
If you're not part of the solution then you're part of the problem.
  • #124
  • Oct 6, 2011 4:38am Oct 6, 2011 4:38am
l eu 03
If you're not part of the solution then you're part of the problem.
  • #125
  • Oct 6, 2011 4:41am Oct 6, 2011 4:41am
out eu 11 +8pips

total 179 pips for the day
If you're not part of the solution then you're part of the problem.
  • #126
  • Oct 6, 2011 4:47am Oct 6, 2011 4:47am
It was a great day so far, I am square and I think I will close the day. +178 pips, not bad.
If you're not part of the solution then you're part of the problem.
  • #127
  • Oct 6, 2011 5:11am Oct 6, 2011 5:11am
l eu 72
If you're not part of the solution then you're part of the problem.
  • #128
  • Oct 6, 2011 5:12am Oct 6, 2011 5:12am
l eu 72

Could not stay out...
If you're not part of the solution then you're part of the problem.
  • #129
  • Oct 6, 2011 5:21am Oct 6, 2011 5:21am
add l eu 42 av 57
If you're not part of the solution then you're part of the problem.
  • #130
  • Oct 6, 2011 5:29am Oct 6, 2011 5:29am
out eu 63 +6 pips per position two addins total +12 pips.

DONE! Total today +190 pips. I took 24 trades today.
If you're not part of the solution then you're part of the problem.
  • #131
  • Oct 6, 2011 6:55am Oct 6, 2011 6:55am
you are the freakin man dude,I love scalping to me it is the only way to trade...Keep pilin up those pips !!!!!!!!!!!!!!!!!!!!!!!!!!!
  • #132
  • Oct 7, 2011 6:47am Oct 7, 2011 6:47am
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.
If you're not part of the solution then you're part of the problem.
  • #133
  • Oct 7, 2011 10:49am Oct 7, 2011 10:49am
Can you post a chart or two of what your trigger is.
  • #134
  • Edited 12:17pm Oct 7, 2011 12:02pm | Edited 12:17pm
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.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: ScreenHunter_ Oct. 07 21.47_08.jpg Size: 167 KB
If you're not part of the solution then you're part of the problem.
  • #135
  • Oct 7, 2011 7:21pm Oct 7, 2011 7:21pm
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?
  • #136
  • Oct 7, 2011 10:49pm Oct 7, 2011 10:49pm
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.
If you're not part of the solution then you're part of the problem.
  • #137
  • Oct 10, 2011 12:18am Oct 10, 2011 12:18am
Good morning.

sh eu 76
If you're not part of the solution then you're part of the problem.
  • #138
  • Oct 10, 2011 12:43am Oct 10, 2011 12:43am
sh gu 04
If you're not part of the solution then you're part of the problem.
  • #139
  • Oct 10, 2011 12:47am Oct 10, 2011 12:47am
out gu94 +10 pips
If you're not part of the solution then you're part of the problem.
  • #140
  • Oct 10, 2011 12:53am Oct 10, 2011 12:53am
add eu 11 av 94
If you're not part of the solution then you're part of the problem.
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