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Scalping 20+ trades per day

  • #641
  • Feb 1, 2012 12:50pm Feb 1, 2012 12:50pm
Dear traders.

I am sorry but I was not able to be here with you. I am currently engaged in another project that eats all my time. I will be back in the second half of February with a surprise for you.

Stay tuned!
If you're not part of the solution then you're part of the problem.
  • #642
  • Feb 1, 2012 1:07pm Feb 1, 2012 1:07pm
Quoting mtc235
majorusa,
I discovered your journal a few days after you posted your last trade, the beginning of December. I have been successful in using this method for the last 5 weeks.
The longer this goes on, the more fearful I'm becoming that I don't have an exit strategy if the trade really goes against me.
I have never faced 500 pips against my entry, as you mentioned. The most I've had against me is about 40 pips. Are you saying that you would just hold on tight through a 500 pip move the wrong direction?
I need a plan for the day when it happens...
I've loveeeeeee surprise
Good luck to you with the project and see you end Feb.
  • #643
  • Feb 1, 2012 1:20pm Feb 1, 2012 1:20pm
Quoting majorusa
Dear traders.

I am sorry but I was not able to be here with you. I am currently engaged in another project that eats all my time. I will be back in the second half of February with a surprise for you.

Stay tuned!
Nice to hear from you. I thought you abandoned this journal.

Regards
Yonas
  • #644
  • Feb 1, 2012 3:12pm Feb 1, 2012 3:12pm
Quoting mtc235
majorusa,
I discovered your journal a few days after you posted your last trade, the beginning of December. I have been successful in using this method for the last 5 weeks.
The longer this goes on, the more fearful I'm becoming that I don't have an exit strategy if the trade really goes against me.
I have never faced 500 pips against my entry, as you mentioned. The most I've had against me is about 40 pips. Are you saying that you would just hold on tight through a 500 pip move the wrong direction?
I need a plan for the day when it happens...
Thank you guys for the good words. Sorry MTC for overlooking your post.

In short here is the answer. This move is very rare but it happened to me once or twice. The real answer to your question is how far is your average from the current price? If the size of your position is manageable then you are fine. If you have a big position then you have three possibilities. Hedge part of it or cut a sizable amount to be able to add further. Of course you have the possibility to pull the plug at some time. Your choice entirely.

I hope it answers your question.

C u.
If you're not part of the solution then you're part of the problem.
  • #645
  • Feb 5, 2012 1:17am Feb 5, 2012 1:17am
Quoting majorusa
If you have a big position then you have three possibilities. Hedge part of it or cut a sizable amount to be able to add further. Of course you have the possibility to pull the plug at some time. Your choice entirely.

I hope it answers your question.
C u.
Thanks for getting back to me about this. Yes, your answer was very helpful. Thank you.
I am still finding success with this method. My challenge now is, how to build my account when my profits are too small, using a micro account, to build the account to the size needed to earn an income.

I'm looking forward to your return!
MTC
  • #646
  • Feb 5, 2012 5:01am Feb 5, 2012 5:01am
Dear MTC235.
I have just read your post.
Are you a new Trader?
I use a roughly similar trade strategy as Majorusa use.
If you would like me to help you, by good advices, or if you have any question, please let me know, and i will answer you.

A few word about i can help you.
I am also a scalper at Dukascopy, but I analyse the economic news too, and when i find a nice trend i join many times, from low of retracement, to the high of the next retracement.. But obviously Majorusa also entry into the good possibility, but he have many enough work.
All in all i just wanted that you know that if you need help you can ask me.
  • #647
  • Edited 7:27am Mar 5, 2012 7:15am | Edited 7:27am
Hi fellow traders. I am back!

Tomorrow I will start trading. I did what I had to do, I took the certifications that I needed to take so now back to the basics. Trading, trading, trading! It was frustrating to be out of the market for so long but the wait is over!

I told you that I have a surprise when I will come back, I do have it, but you need another few days of patience.

I hope that everybody is fine and that your pockets are full of greens! C u tomorrow!
If you're not part of the solution then you're part of the problem.
  • #648
  • Mar 5, 2012 7:20am Mar 5, 2012 7:20am
Quoting majorusa
Hi fellow traders. I am back!

Tomorrow I will start trading. I did what I had to do, I took the certifications that I needed to take so now back to the basics. Trading, trading, trading! I was frustrating to be out of the market for so long but the wait is over!

I told you that I have a surprise when I will come back, I do have it, but you need another few days of patience.

I hope that everybody is fine and that your pockets are full of greens! C u tomorrow!
Well come back majorusa
  • #649
  • Mar 6, 2012 12:51am Mar 6, 2012 12:51am
welcome back majorusa,
  • #650
  • Mar 6, 2012 2:55am Mar 6, 2012 2:55am
Good morning!

l AU 23
If you're not part of the solution then you're part of the problem.
  • #651
  • Mar 6, 2012 3:01am Mar 6, 2012 3:01am
sh eu 91
If you're not part of the solution then you're part of the problem.
  • #652
  • Mar 6, 2012 3:04am Mar 6, 2012 3:04am
sh gu 28
If you're not part of the solution then you're part of the problem.
  • #653
  • Mar 6, 2012 3:29am Mar 6, 2012 3:29am
out gu 03 + 25 pips
If you're not part of the solution then you're part of the problem.
  • #654
  • Mar 6, 2012 3:30am Mar 6, 2012 3:30am
add au 00 av 12
If you're not part of the solution then you're part of the problem.
  • #655
  • Mar 6, 2012 3:33am Mar 6, 2012 3:33am
out eu 78 +13 pips
If you're not part of the solution then you're part of the problem.
  • #656
  • Mar 6, 2012 3:34am Mar 6, 2012 3:34am
l gu 88
If you're not part of the solution then you're part of the problem.
  • #657
  • Mar 6, 2012 3:35am Mar 6, 2012 3:35am
l eu 74
If you're not part of the solution then you're part of the problem.
  • #658
  • Mar 6, 2012 4:16am Mar 6, 2012 4:16am
add gu 64 av 76
If you're not part of the solution then you're part of the problem.
  • #659
  • Mar 6, 2012 4:32am Mar 6, 2012 4:32am
add eu 42 av 59
If you're not part of the solution then you're part of the problem.
  • #660
  • Mar 6, 2012 6:30am Mar 6, 2012 6:30am
Welcome back. We missed you.
:: everything is awesome ::
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