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  • #568,821
  • Dec 1, 2011 7:34pm Dec 1, 2011 7:34pm
Quoting pkimnyc
is the exactly the reason why it's not a good idea for you to scalp.

if your targeting 5 pips then your risk has to be smaller than that. 2-3 pips sl? gotta be able to cover the spread dude. now you lost 20 pips for 5 pips of gain. you now need 4 successful scalp trades to make that up.

p.s. if you are at the level you know what the heck you're doing then you wouldn't be going ar'd asking people if its a good idea.
until then trade the demo or stay out of the market. my 2c.
Even if you would post this every day, there will always be flocks that will NEVER understand how forex works.
  • #568,822
  • Dec 1, 2011 7:35pm Dec 1, 2011 7:35pm
Quoting mohan76
5 pip long is better option close to support i have closed my short from 1.3483 too early i was looking @ old news (sanction on iran..)
you were looking old news for news spike? sanction on iran.. pls link
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  • #568,823
  • Dec 1, 2011 7:36pm Dec 1, 2011 7:36pm
Quoting pkimnyc
in a long run, you will not make it in this business with that approach. i guarantee it.
Agreed, what I learned is, whichever TF gives you entry will give you exit signal

Looking at a higher TF is only self comforting, it may be a bigger hole that you've fallen into
  • #568,824
  • Dec 1, 2011 7:38pm Dec 1, 2011 7:38pm
Quoting pkimnyc
in a long run, you will not make it in this business with that approach. i guarantee it.

donno scalp instead take 2 or 3 sensible trades in the day and hold. never mind if you lose but u will understand the trend.
  • #568,825
  • Edited 7:49pm Dec 1, 2011 7:39pm | Edited 7:49pm
Quoting ibpo
you were looking old news for news spike? sanction on iran.. pls link
Attached Image (click to enlarge)
Click to Enlarge Name: news.png Size: 16 KB


i am using Forex.com forextrader pro for news feed (i am not trading with them) , looked @ very old news (30 mins old)
Mohan
  • #568,826
  • Dec 1, 2011 7:40pm Dec 1, 2011 7:40pm
I double guarantee it, who will triple it?

Demos are fun during slow trade sessions.

Attached Image (click to enlarge)
Click to Enlarge Name: trade in demo i took.jpg Size: 115 KB




Quoting pkimnyc
in a long run, you will not make it in this business with that approach. i guarantee it.
It's easy to be humbled but hard to be humble.
  • #568,827
  • Dec 1, 2011 7:41pm Dec 1, 2011 7:41pm
will this resistance become support ? lol

http://i.imgur.com/iaN83.png
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  • #568,828
  • Dec 1, 2011 7:46pm Dec 1, 2011 7:46pm
Quoting jayjb
Agreed, what I learned is, whichever TF gives you entry will give you exit signal

Looking at a higher TF is only self comforting, it may be a bigger hole that you've fallen into
use 1% to 5% for trading wont make bigger hole, hold it if you know the 4h to weekly trend.

BTW: who is that girl in your avatar ?
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  • #568,829
  • Dec 1, 2011 7:51pm Dec 1, 2011 7:51pm
Quoting ibpo
use 1% to 5% for trading wont make bigger hole, hold it if you know the 4h to weekly trend.

BTW: who is that girl in your avatar ?
So you entered scalps based on 1 to 5% risk? Let's say your SL appetite is 10 pips, is that your 1 to 5% or 1 to 5% of your H4 1 to 5%

You gotta know when a trade has gone wrong and exit it before it becomes a big problem

Can't understand why you even went short when we were consolidating at a support level and PA could not break 57
  • #568,830
  • Dec 1, 2011 8:03pm Dec 1, 2011 8:03pm
Quoting jayjb
So you entered scalps based on 1 to 5% risk? Let's say your SL appetite is 10 pips, is that your 1 to 5% or 1 to 5% of your H4 1 to 5%

You gotta know when a trade has gone wrong and exit it before it becomes a big problem

Can't understand why you even went short when we were consolidating at a support level and PA could not break 57
i entered this pivot in PA pitchfork

http://i.imgur.com/qlUph.png

1 to 5% total invest not h4

i don't use SL cause i know this will return back, fundamentally.
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  • #568,831
  • Dec 1, 2011 8:08pm Dec 1, 2011 8:08pm
Quoting Nachiket
donno scalp instead take 2 or 3 sensible trades in the day and hold. never mind if you lose but u will understand the trend.
Lol, wonder what kind of a trader you are.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #568,832
  • Dec 1, 2011 8:09pm Dec 1, 2011 8:09pm
Man, thank god for ibpo. I needed a muppet show tonight for some entertainment.

And I don't mean the Jim Henson kind
check out my blog: forexmademillionaire dot com
  • #568,833
  • Dec 1, 2011 8:12pm Dec 1, 2011 8:12pm
Quoting ibpo
i entered this pivot in PA pitchfork

http://i.imgur.com/qlUph.png

1 to 5% total invest not h4

i don't use SL cause i know this will return back, fundamentally.
looks you have enter @ 65 and previous low was 619 (on tiny wave ), spread is 2 pip , there is nothing to again unless it break down side. high risky entry without any SL. i hope you will recover your entry.
Mohan
  • #568,834
  • Dec 1, 2011 8:12pm Dec 1, 2011 8:12pm
Quoting Geppy
Man, thank god for ibpo. I needed a muppet show tonight for some entertainment.

And I don't mean the Jim Henson kind
lol, post your trades here let me know your today loss.
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  • #568,835
  • Dec 1, 2011 8:17pm Dec 1, 2011 8:17pm
Quoting mohan76
looks you have enter @ 65 and previous low was 619 (on tiny wave ), spread is 2 pip , there is nothing to again unless it break down side. high risky entry without any SL. i hope you will recover your entry.
i didnt get what is 65 what is 619 previous low ... based one minute chart ?
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  • #568,836
  • Dec 1, 2011 8:19pm Dec 1, 2011 8:19pm
my news feed is the best out there

right out of the cock's throat ; cock a doodle doo

www.bloomberg.com/radio/

there can be no match for an online radio, you do not need to go read stuff it reaches your ears on its own

i listen to this every day when i am on the terminal trading

apart from news, i get info on what hedge fund mangers think and are doing currently.
  • #568,837
  • Dec 1, 2011 8:20pm Dec 1, 2011 8:20pm
Quoting ibpo
lol, post your trades here let me know your today loss.
muppet.

'nough said.
check out my blog: forexmademillionaire dot com
  • #568,838
  • Dec 1, 2011 8:20pm Dec 1, 2011 8:20pm
Quoting ibpo
lol, post your trades here let me know your today loss.
ibpo, every one make negative trade. otherwise why we using SL ?. but silly mistakes and blind entry can be avoided. good way to learn is accept your mistake, correct it and move on. defending your mistake lead you to repeats same mistake.
Forex god always bless newbies then punish them big time late

edit


Quoting ibpo
i didnt get what is 65 what is 619 previous low ... based one minute chart ?
yes my 1m chart match with your chart is it 64 ?
Mohan
  • #568,839
  • Dec 1, 2011 8:22pm Dec 1, 2011 8:22pm
sentiment bearish, outlook cautious

break support 1 and its ........ a waterfall
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 15 KB
  • #568,840
  • Dec 1, 2011 8:23pm Dec 1, 2011 8:23pm
shifted short sl to b/e at 75
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